GRANDMONT ROSEDALE DEVELOPMENT CORP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $547,764 Revenue: $316,804

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 2023, GDC RENOVATED OF A 35-UNIT APARTMENT COMPLEX ON WEST OUTER DRIVE IN DETROIT MICHIGAN. THE ORGANIZATION ALSO COMPLETED SEVERAL DOZEN HOME REPAIR PROJECTS.

Program 2

Expenses: $394,515

COMMUNITY ENGAGEMENT: GRDC'S COMMUNITY ENGAGEMENT PROGRAMMING INVOLVES SOLICITING FEEDBACK FROM NEIGHBORHOOD RESIDENTS ABOUT TOPICS OF THEIR CONCERN AND ORGANIZING RESIDENTS AND VOLUNTEERS IN...

COMMUNITY ENGAGEMENT: 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 2023, GRDC COMPLETED FOUR BEAUTIFICATION PROJECTS AT VACANT LOTS OWNED BY THE ORGANIZATION THAT INCLUDED CLEAN-UPS AND PLANTINGS OF FLOWERS AND TREES.

Program 3

Expenses: $272,219 Revenue: $4,441

ECONCOMIC DEVELOPMENT: GRDC'S ECONOMIC DEVELOPMENT PROGRAMMING IS DESIGNED TO PROVIDE COMMERCIAL STABILIZATION AND SMALL BUSINESS SUPPORT. IN 2023, GRDC HOSTED SEVERAL SMALL BUSINESS EVENTS INCLUDING SMALL BUSINESS SATURDAY, A JUNETEENTH CELEBRATION, AND THE 18TH SEASON OF THE NORTHWEST DETROIT FARMERS' MARKET. THE ORGANIZATION ALSO PROVIDE ONE-ON-ONE BUSINESS SUPPORT AND OWN AND OPERATE A CO-WORKING SPACE, GRAND RIVER WORKPLACE, WHICH SERVES MORE THAN 35 BUSINESS MEMBERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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