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← EASTERN MARKET DEVELOPMENT CORPORATION

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.

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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