Skip to content
Nonprofiteer
← GRANDMONT ROSEDALE DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by GRANDMONT ROSEDALE DEVELOPMENT CORPORATION.

Totals

Total revenue
$876,933
Total expenses
$1,122,394
Contributions and grants received
$688,428
Grants paid
$0
Program service revenue
$163,023
Investment income
$16,317
Other revenue
$9,165
Total assets, end of year
$3,179,555
Total liabilities, end of year
$1,569,658
Net assets or fund balances, end of year
$1,609,897
Program services expenses (Part IX)
$1,040,291
Management and general expenses
$66,341
Fundraising expenses
$15,762
Program service expenses (Part III)
$1,040,291

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $688,428

  • 2a · Program service revenue: RENTAL PROPERTIES

    total $150,590 · related or exempt $150,590

  • 2b · Program service revenue: FARMERS MARKET

    total $12,433 · related or exempt $12,433

  • 3 · Investment income

    total $16,317 · related or exempt $16,317

  • 11a · Other revenue: MISCELLANEOUS

    total $9,165 · related or exempt $9,165

  • 11e · Other revenue, total

    $9,165

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $54,580 · program services $49,122 · management and general $4,366 · fundraising $1,092

  • 7 · Other salaries and wages

    total $367,758 · program services $330,983 · management and general $29,420 · fundraising $7,355

  • 9 · Other employee benefits

    total $58,222 · program services $52,399 · management and general $4,658 · fundraising $1,165

  • 10 · Payroll taxes

    total $36,782 · program services $33,105 · management and general $2,943 · fundraising $734

  • 11c · Fees: accounting

    total $8,500 · program services $7,650 · management and general $680 · fundraising $170

  • 11g · Fees: other

    total $64,255 · program services $57,830 · management and general $5,140 · fundraising $1,285

  • 12 · Advertising and promotion

    total $2,317 · program services $872 · management and general $78 · fundraising $1,367

  • 13 · Office expenses

    total $23,864 · program services $21,476 · management and general $1,910 · fundraising $478

  • 14 · Information technology

    total $6,435 · program services $5,800 · management and general $506 · fundraising $129

  • 16 · Occupancy

    total $37,414 · program services $35,313 · management and general $1,682 · fundraising $419

  • 17 · Travel

    total $5,744 · program services $5,170 · management and general $459 · fundraising $115

  • 20 · Interest

    total $13,322 · program services $13,038 · management and general $227 · fundraising $57

  • 22 · Depreciation, depletion and amortization

    total $52,758 · program services $49,911 · management and general $2,279 · fundraising $568

  • 23 · Insurance

    total $30,999 · program services $28,656 · management and general $1,875 · fundraising $468

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $296,625 · program services $296,625

  • 24b · Other expenses: REPAIRS

    total $36,270 · program services $35,298 · management and general $776 · fundraising $196

  • 24c · Other expenses: BANK CHARGES

    total $13,358 · program services $12,987 · management and general $297 · fundraising $74

  • 24d · Other expenses: MISCELLANEOUS

    total $8,686 · management and general $8,686

  • 24e · All other expenses

    total $4,505 · program services $4,056 · management and general $359 · fundraising $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,571 · end of year $209,886

  • 3 · Pledges and grants receivable

    beginning of year $55,852 · end of year $137,560

  • 4 · Accounts receivable

    beginning of year $573 · end of year $2,467

  • 7 · Other notes and loans receivable

    beginning of year $232,656 · end of year $218,466

  • 8 · Inventories for sale or use

    beginning of year $66,675 · end of year $70,513

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,228 · end of year $5,465

  • 10a · Land, buildings and equipment: cost or other basis

    $3,032,504

  • 10b · Land, buildings and equipment: accumulated depreciation

    $498,206

  • 10c · Land, buildings and equipment, net

    beginning of year $2,499,720 · end of year $2,534,298

  • 15 · Other assets

    beginning of year $900 · end of year $900

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,911 · end of year $100,709

  • 19 · Deferred revenue

    beginning of year $376,087 · end of year $376,087

  • 21 · Escrow or custodial account liability

    beginning of year $5,863 · end of year $18,954

  • 23 · Secured mortgages and notes payable

    beginning of year $956,011 · end of year $1,073,908

  • 25 · Other liabilities

    beginning of year $8,945

  • 27 · Net assets without donor restrictions

    beginning of year $1,510,218 · end of year $1,422,823

  • 28 · Net assets with donor restrictions

    beginning of year $345,140 · end of year $187,074

Mission and programs · 2022

Mission

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.

  • GRANDMONT ROSEDALE DEVELOPMENT CORPORATION PROGRAM ACCOMPLISHMENTS 2022 GRANDMONT ROSEDALE DEVELOPMENT CORPORATION REMAINS ONE OF THE MOST WELL- KNOWN AND ACCOMPLISHED COMMUNITY DEVELOPMENT ORGANIZATIONS IN THE DETROIT AREA. WE ORGANIZE A WIDE RANGE OF ECONOMIC DEVELOPMENT AND COMMUNITY ENGAGEMENT PROGRAMS DESIGNED TO HELP OUR COMMUNITY PROSPER AS A PLACE TO LIVE, WORK, SHOP AND PLAY. OUR THREE STRATEGIC PRIORITIES INCLUDE: 1. UNDERTAKE HOUSING INITIATIVES THAT PRESERVE AND PROMOTE HOMEOWNERSHIP, ADDRESS CHRONICALLY VACANT PROPERTIES AND PROVIDE DIFFERENT TYPES OF HOUSING TO MEET THE CHANGING NEEDS OF OUR COMMUNITY. 2. EMPLOY ECONOMIC DEVELOPMENT STRATEGIES THAT CATALYZE THE MARKET AND CREATE OPPORTUNITY FOR ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT. 3. ENGAGE THE COMMUNITY IN COLLECTIVE ACTION TO GENERATE SOLUTIONS TO COMMUNITY PROBLEMS. HOUSING: ONE OF OUR CORE HOUSING STRATEGIES IS TO PURCHASE, RENOVATE AND RE-SELL OR LEASE VACANT HOMES TO NEW OCCUPANTS. TO DATE, WE HAVE RENOVATED AND SOLD OVER 126 SINGLE-FAMILY HOMES. IN EACH CASE, WE TRANSFORMED A NEIGHBORHOOD EYESORE INTO A COMMUNITY ASSET. WE HAVE ALSO BUILT THREE NEW HOMES. IN 2022, WE FOCUSED ON GEARING UP TO BEGIN RENOVATING TWO HISTORIC APARTMENT BUILDINGS ON WEST OUTER DRIVE. RENOVATION WILL BE COMPLETE IN SUMMER 2024. IN TOTAL, WE HAVE COMPLETED 125 HOME REPAIR PROJECTS IN GRANDMONT ROSEDALE, INCLUDING FOUR THAT WERE COMPLETED IN 2022. WE HAVE ONE SINGLE FAMILY HOME IN THE PRE-DEVELOPMENT PIPELINE. ECONOMIC DEVELOPMENT: IN ADDITION TO HOUSING RENOVATION, GRDC ENGAGES IN COMMERCIAL RENOVATION AND SMALL BUSINESS SUPPORT. GRDC HAS RENOVATED A FIVE-UNIT COMMERCIAL BUILDING ON GRAND RIVER, (HOME TO SEVERAL DESIRABLE SMALL BUSINESSES) AS WELL AS A CO-WORKING SPACE, (HOME TO MANY MICRO BUSINESS MEMBERS). WE ALSO PURCHASED A VACANT COMMERCIAL PROPERTY AND ATTRACTED A LOCAL INDEPENDENT RESTAURATEUR, DETROIT VEGAN SOUL, WHICH OPENED A FULL SERVICE RESTAURANT. IN 2022, WE CELEBRATED THE GRAND OPENING OF OUR NEWEST COMMERCIAL TENANT, HM STYLE LOUNGE AND CHILL LOUNGE, A NEW NEIGHBORHOOD WATERING HOLE. IN 2022 WE RETAINED 35 MEMBERS IN OUR CO-WORKING SPACE, SERVED 75 ENTREPRENEURS WILL SUPPORTIVE SERVICES AND HOSTED 6 WORKSHOPS. IN OUR SEASONAL FARMERS' MARKET, WE HOSTED 54 SMALL BUSINESS VENDORS AND PROVIDED FREE FAMILY PROGRAMMING THROUGH 16 COMMUNITY PARTNERS. IN GENERAL, WE PROVIDED SMALL BUSINESS SUPPORT TO OVER 180 BUSINESSES THROUGHOUT THE YEAR. GRDC IS ALSO IN THE PRE-DEVELOPMENT PHASE OF 19505 GRAND RIVER, A LONG BLIGHTED AND VACANT SITE THAT WILL BECOME THE FIRST NEW CONSTRUCTION MIXED- USE DEVELOPMENT IN THIS COMMUNITY IN OVER 30 YEARS. COMMUNITY ENGAGEMENT: GRDC ORGANIZES NEIGHBORHOOD RESIDENTS AND OTHER VOLUNTEERS TO CLEAN UP AND BEAUTIFY VACANT LOTS AND OTHER PUBLIC SPACES. THROUGHOUT OUR HISTORY, WE HAVE ORGANIZED HUNDREDS OF CLEAN-UPS, FLOWER PLANTINGS, GRAFFITI REMOVALS AND PUBLIC ART INSTALLATIONS. IN 2022, WE BEGAN CLEANING UP THREE VACANT LOTS WHERE WE PLAN TO ADD A BUTTERFLY GARDEN, ROSE GARDEN AND "PEACE" GARDEN. WE ALSO INVOLVED THE COMMUNITY IN A VARIETY OF ENGAGEMENT ACTIVITIES SUCH AS FOCUS GROUPS, ADVISORY COUNCILS, ONLINE SURVEYS, PUBLIC MEETINGS AND TASK FORCES TO PLAN AND INFORM A VARIETY OF GRDC PROGRAMS INCLUDING VACANT PROPERTIES, CRIME PREVENTION, ECONOMIC DEVELOPMENT, HOUSING, AND THE ENVIRONMENT.

    Expenses $1,040,291

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DALE THOMSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DESIRAE TOLBERT

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER DERDELAKOS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ANNIE MAE HOLT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KEVIN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM FREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM GODDEERIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICKI HOLMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IVAN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENEE KENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL MINNIEFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE SELLERS-COLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLA WHITE-SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENNETH WOLFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL RANDALL

    EXECUTIVE DI

    Total calculated
    $54,580
    From this org
    $54,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349317933

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.