GRANDMONT ROSEDALE DEVELOPMENT CORPORATION

DETROIT, MI, 48223-1227 (313) 387-4732 Est. 1989 EIN 38-2885952
L250 - Housing & Shelter 990 - Public charity return 501(c)(3)
www.grandmontrosedale.com

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.

Financials

Total Revenue
$4,246,385
Total Expenses
$2,205,049
Net Assets
$3,552,016
10 employees 25 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
19.3 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 240.3%
Expenses ↑ 63.7%
Revenue Sources
Contributions 47.7% Earned revenue 49.6% Investment 1.8% Other 1.0%
Expense Breakdown
Program 93.2% Management 5.8% Fundraising 1.0%

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EIN: 38-2885952 · Source: IRS Form 990 e-file data