Form 990 for tax year 2024
Filed by EASTERN MARKET DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $6,203,641
- Total expenses
- $128,993
- Contributions and grants received
- $6,048,458
- Grants paid
- $0
- Program service revenue
- not reported
- Investment income
- not reported
- Other revenue
- not reported
- Total assets, end of year
- not reported
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- not reported
- Program services expenses (Part IX)
- $79,815
- Management and general expenses
- $41,922
- Fundraising expenses
- $7,256
- Program service expenses (Part III)
- $79,815
Program services were 61.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
SHARLENE BURRIS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MARC JOHNSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
INDIA SOLOMON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
VICTOR ALBA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
CARRIE LEWAND-MONROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINA PELTIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID ALADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DUANE ASHFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELLIOT SHAFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMIE FABER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAREN GLASKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MCCLAREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEEGAN MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REV ROBERT JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SAM MUNACO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVE WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL CARMODY
CEO (TERM 12/2024)
- Total calculated
- $198,160
- From this org
- $0
- From related orgs
- $187,090
- Other
- $11,070
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $187,090 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,070 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $198,160 related
-
KATHARINE TRUDEAU
PRESIDENT
- Total calculated
- $168,952
- From this org
- $0
- From related orgs
- $168,952
- Other
- $0
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $168,952 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $168,952 related
-
DIETRICH KNOER
EMDC EXECUTIVE DIR. (TERM 06/2024)
- Total calculated
- $62,504
- From this org
- $0
- From related orgs
- $62,504
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- ALL COMPENSATION IS PAID BY EASTERN MARKET CORPORATION, A RELATED ORGANIZATION. EASTERN MARKET CORPORATION USES THE FOLLOWING TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY BOARD OR COMPENSATION COMMITTEE
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · MANAGEMENT OF EASTERN MARKET OPERATIONS · MI
-
EMDC SHED 7 SUPPORTING CORPORATION
501(C)(3) · SUPPORT OPERATIONS OF EASTERN MARKET DEVELOPMENT CORPORATION · MI · controlled entity
Directly controlled by EASTERN MARKET DEVELPMENT CORPORATION
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.
-
EMDC SHED 7 LLC
REDEVELOPMENT OF SHED 7 FOOD DISTRIBUTION AND COLD STORAGE FACILITY · MI · income $6,119,558 · assets $6,220,505
Directly controlled by EASTERN MARKET DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523229349302452
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