GRANDMONT ROSEDALE DEVELOPMENT CORP (EIN 382885952) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

MICHAEL RANDALL

Phone

3133874732

Tax Period

2023-01-01 to 2023-12-31

GRANDMONT ROSEDALE DEVELOPMENT CORP, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $907,980

Program Service Revenue $305,490

Investment Income $18,569

Other Revenue $15,755

TOTAL REVENUE $1,247,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $474,959

Fundraising Expenses $17,777

Program Expenses $1,214,498

Other Expenses $872,052

TOTAL EXPENSES $1,347,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,247,794	$876,933	+0.4%
Expenses	$1,347,011	$1,122,394	+0.2%
Net Income	$-99,217	$-245,461	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$97,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE THOMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DESIRAE TOLBERT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDER DERDELAKOS	TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE MAE HOLT	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN JOHNSON	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
WILLIAM FREY	DIRECTOR	1.00	Director	$0	$0	$0
TOM GODDEERIS	DIRECTOR	1.00	Director	$0	$0	$0
VICKI HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
IVAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RENEE KENT	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL MINNIEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
DENISE SELLERS-COLE	DIRECTOR	1.00	Director	$0	$0	$0
CARLA WHITE-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RANDALL	EXECUTIVE DIRECTOR	40.00	Officer	$97,600	$0	$97,600

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,247,794	$1,347,011	$2,810,543	$-99,217
2022	$876,933	$1,122,394	$3,179,555	$-245,461
2021	$901,710	$793,514	$3,925,927	$108,196
2021	$901,710	$793,514	$3,229,175	$108,196
2020	$833,799	$872,385	$3,133,498	$-38,586
2019	$821,997	$805,718	$2,446,281	$16,279

GRANDMONT ROSEDALE DEVELOPMENT CORP