2025-11-06T19:02:02-06:00 2024-12-31 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2024-01-01 382885952 GRANDMONT ROSEDALE DEVELOPMENT CORP GRAN 3133874732 19800 GRAND RIVER AVE DETROIT MI 48223 MICHAEL RANDALL EXECUTIVE DIRECTOR 3133874732 2025-11-06 1 0 APRIL CAULFIELD P01949369 9373992000 2025-11-06 2024 2025-03-06 01:10:19Z MICHAEL RANDALL 19800 GRAND RIVER AVE DETROIT MI 48223 4246385 0 X WWW.GRANDMONTROSEDALE.COM X 1989 OH THE GRANDMONT ROSEDALE DEVELOPMENT CORPORATION IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WORKING TO PRESERVE AND IMPROVE THE GRANDMONT ROSEDALE NEIGHBORHOODS OF NORTHWEST DETROIT. WE TAKE A COMPREHENSIVE APPROACH TO COMMUNITY REVITALIZATION, WITH PROGRAMS DESIGNED TO RENOVATE VACANT HOMES, ASSIST LOCAL HOMEOWNERS AND BUSINESSES, BEAUTIFY OUR COMMUNITY AND KEEP OUR NEIGHBORHOODS SAFE AND VIBRANT. 14 14 10 25 0 0 907980 2027572 305490 2108115 18569 74410 15755 36288 1247794 4246385 0 4000 0 0 474959 577942 0 0 21427 872052 1623107 1347011 2205049 -99217 2041336 2810543 4658609 1299863 1106593 1510680 3552016 X THE GRANDMONT ROSEDALE DEVELOPMENT CORPORATION IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WORKING TO PRESERVE AND IMPROVE THE GRANDMONT ROSEDALE NEIGHBORHOODS OF NORTHWEST DETROIT. WE TAKE A COMPREHENSIVE APPROACH TO COMMUNITY REVITALIZATION, WITH PROGRAMS DESIGNED TO RENOVATE VACANT HOMES, ASSIST LOCAL HOMEOWNERS AND BUSINESSES, BEAUTIFY OUR COMMUNITY AND KEEP OUR NEIGHBORHOODS SAFE AND VIBRANT. 0 0 927020 0 2139112 HOUSING: GRDC ORGANIZES REVITALIZATION STRATEGIES DESIGNED TO MEET THE HOUSING NEEDS OF OUR COMMUNITY. THIS INCLUDES ACQUISITION AND RESALE OR LEASE OF SINGLE-FAMILY HOMES AND MULTI-FAMILY APARTMENT BUILDINGS. IT ALSO INVOLVES PROVIDING HOME REPAIR ASSISTANCE TO HOMEOWNERS IN NEED. IN 2024, GRDC FINISHED RENOVATING A 35-UNIT APARTMENT COMPLEX ON WEST OUTER DRIVE IN DETROIT MICHIGAN. THE ORGANIZATION ALSO COMPLETED SEVERAL DOZEN HOME REPAIR PROJECTS. 667666 COMMUNITY INVOLVEMENT: GRDC'S COMMUNITY ENGAGEMENT PROGRAMMING INVOLVES SOLICITING FEEDBACK FROM NEIGHBORHOOD RESIDENTS ABOUT TOPICS OF THEIR CONCERN AND ORGANIZING RESIDENTS AND VOLUNTEERS IN COLLECTIVE ACTION. IN 2024, GRDC COMPLETED 11 BEAUTIFICATION PROJECTS AT VACANT LOTS OWNED BY THE ORGANIZATION THAT INCLUDED CLEAN-UPS AND MAINTENANCE OF FLOWERS AND TREES. 460696 4000 5291 ECONCOMIC DEVELOPMENT: GRDC'S ECONOMIC DEVELOPMENT PROGRAMMING IS DESIGNED TO PROVIDE COMMERCIAL STABILIZATION AND SMALL BUSINESS SUPPORT. IN 2024, GRDC HOSTED SEVERAL SMALL BUSINESS EVENTS INCLUDING SMALL BUSINESS SATURDAY, AND THE 20TH SEASON OF THE NORTHWEST DETROIT FARMERS' MARKET. THE ORGANIZATION ALSO PROVIDES ONE-ON-ONE BUSINESS SUPPORT AND OWNS AND OPERATES A CO-WORKING SPACE, GRAND RIVER WORKPLACE, WHICH SERVES MORE THAN 35 BUSINESS MEMBERS. 2055382 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 47 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X THE ORGANIZATION 3133874732 19800 GRAND RIVER AVE DETROIT MI 48223 DALE THOMPSON PRESIDENT 1.00 X X 0 0 0 DESIRAE TOLBERT VICE PRESIDENT 1.00 X X 0 0 0 ALEXANDER DERDELAKOS TREASURER 1.00 X X 0 0 0 ANNIE MAE HOLT SECRETARY 1.00 X X 0 0 0 KEVIN JOHNSON EXECUTIVE COMMITTEE 1.00 X 0 0 0 WILLIAM FREY DIRECTOR 1.00 X 0 0 0 TOM GODDEERIS DIRECTOR 1.00 X 0 0 0 VICKI HOLMES DIRECTOR 1.00 X 0 0 0 IVAN JOHNSON DIRECTOR 1.00 X 0 0 0 RENEE KENT DIRECTOR 1.00 X 0 0 0 CHERYL MINNIEFIELD DIRECTOR 1.00 X 0 0 0 DENISE SELLERS-COLE DIRECTOR 1.00 X 0 0 0 CARLA WHITE-SMITH DIRECTOR 1.00 X 0 0 0 MAURICE HOOD DIRECTOR 1.00 X 0 0 0 MICHAEL RANDALL EXECUTIVE DIRECTOR 40.00 X 93967 0 1802 93967 0 1802 0 0 0 0 0 515000 1512572 2027572 TENANT ASSISTANCE 531110 1060760 1060760 DEVELOPER FEE 531110 912974 912974 RENTAL INCOME 531110 129090 129090 FARMERS MARKET 900099 5291 5291 2108115 74410 74410 MISCELLANEOUS INCOME 900099 33738 33738 MANAGEMENT FEE INCOME 900099 2550 2550 36288 4246385 2144403 0 74410 X 4000 4000 95769 86724 7236 1809 398371 360747 30098 7526 44913 40422 3593 898 38889 35001 3111 777 12800 12800 54697 54697 425972 425972 2333 2302 2 29 96138 73701 20909 1528 120523 116205 3452 866 14227 13275 761 191 9896 9896 14970 14651 255 64 52143 49329 2252 562 27455 25114 1874 467 DIRECT PROGRAM COSTS 781369 781369 FUNDRAISING EXPENSE 6710 6710 OTHER FINANCIAL EXPENSE 3874 3874 2205049 2055382 128240 21427 411159 286544 1008842 208704 227268 200728 722668 59838 152431 7496 30343 1919883 570650 1707618 1349233 215000 881280 2810543 4658609 101994 91517 376087 23322 32448 228709 464205 569751 518423 1299863 1106593 X 1202219 1882634 308461 1669382 1510680 3552016 2810543 4658609 2041336 0 X X 0 1 X 1 0 X 623222 677920 688428 907980 2027572 4925122 623222 677920 688428 907980 2027572 4925122 116199 4808923 141464 14146 16317 18569 74410 264906 5190028 2847480 0.92660 0.90550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1778865 568594 1210271 141018 2056 138962 1349233 SPONSOR LOAN TO TAX CREDIT PROJECTS 749799 INVESTMENT IN CONSOLIDATED ENTITY 131481 881280 REFUNDABLE ADVANCES 518423 518423 X 4246385 0 4246385 0 4246385 2205049 0 2205049 0 2205049 PART X, LINE 2: INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION'S REPORTING RETURNS ARE SUBJECT TO AUDIT BY FEDERAL AND STATE TAXING AUTHORITIES. NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS AS THE ORGANIZATION HAS DETERMINED IT DOES NOT HAVE UNRELATED BUSINESS INCOME SUBJECT TO TAXATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PRESENTED AT THE BOARD MEETING FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 425,972. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 425,972. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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