Grandmont Rosedale Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $4.2 million
- Spending
- $2.2 million
- Spent on programs
- 93%
- Reserves
- 2.9 months of spending
- Largest source of income
- fees for its services, 50%
- Employees
- 10
- Volunteers
- 25
- Highest pay
- $95,769, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 71 out of 100. Higher than 58% of charities in its peer group (housing, $1m to $10m).
Reserves
10 of 35Spendable reserves would cover 2.9 months of spending.
Debt
16 of 20It owes 24% of what it owns.
Living within its means
15 of 15Income exceeded spending by 48% of income.
Income trend
15 of 15Income rose 240% on the year before.
Spending floor
15 of 1593% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 2514 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $927,020 spent. 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.
- $667,666 spent. 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.
- $460,696 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.