Overview
What is Grandmont Rosedale Development Corp?
Grandmont Rosedale Development Corp is a community-focused nonprofit organization situated in Northwest Detroit. Their primary mission is to revitalize the Grandmont Rosedale neighborhoods by implementing a comprehensive approach to community development. This includes renovating vacant homes, aiding local homeowners and businesses, beautifying public spaces, and promoting safety and vibrancy within the community. In 2022, they successfully renovated over 126 single-family homes, transformed commercial properties, and supported numerous small businesses. The organization also engages residents and volunteers in community clean-ups and beautification projects, such as flower plantings and graffiti removals. Moreover, Grandmont Rosedale Development Corp has initiatives underway for mixed-use developments and public art installations, aiming to further improve the livability and appeal of the area.
Official website here: www.grandmontrosedale.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Grandmont Rosedale Development Corp has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a perfect 100% for having an independent board, along with robust financial oversight measures, indicating a high level of transparency and responsible financial management.
A notable strength of this nonprofit is its program expense ratio, which stands at 91.87%. This suggests that the majority of its expenditures are directed towards programs, ensuring that funds are effectively utilized to fulfill its mission. Additionally, the absence of any material diversion of assets further underscores its commitment to integrity and ethical practices.
Despite its positive attributes, the rating is derived solely from the accountability and finance metrics, meaning there are no insights into programmatic impact or effectiveness based on this score alone. Potential donors should consider looking into the organization's outcomes and services for a more comprehensive understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Grandmont Rosedale Development Corp legitimate?
Grandmont Rosedale Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grandmont Rosedale Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $54,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,758
For more financial information, click here
Official website here: www.grandmontrosedale.com
What is the mission statement of Grandmont Rosedale Development Corp?
The Grandmont Rosedale Development Corporation is a non-profit organization committed to preserving and enhancing a neighborhood in Northwest Detroit. They take a comprehensive approach to community revitalization, encompassing programs aimed at renovating vacant homes, supporting local homeowners and businesses, improving the community's appearance, and ensuring the safety and vitality of the neighborhoods.
Official website here: www.grandmontrosedale.com
Who is the CEO of Grandmont Rosedale Development Corp?
Dale Thomson is the President of Grandmont Rosedale Development Corp.
Official website here: www.grandmontrosedale.com
What is the revenue of Grandmont Rosedale Development Corp?
Grandmont Rosedale Development Corp's revenue in 2022 was $876,933.
Official website here: www.grandmontrosedale.com
Who are the executives of Grandmont Rosedale Development Corp and what are their salaries?
The average compensation at Grandmont Rosedale Development Corp during 2022 was $52,792. There are 8 employees at Grandmont Rosedale Development Corp.
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Official website here: www.grandmontrosedale.com
Where can I find the form 990 for Grandmont Rosedale Development Corp?
Grandmont Rosedale Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grandmontrosedale.com
Learn more at the official website: www.grandmontrosedale.com
Mission Statement of Grandmont Rosedale Development Corp
Grandmont Rosedale Development Corp, a community-based non-profit organization, is dedicated to preserving and enhancing the Grandmont Rosedale neighborhoods in Northwest Detroit. Employing a comprehensive approach to community revitalization, this organization offers various programs aimed at renovating vacant homes, assisting local homeowners and businesses, beautifying the community, and ensuring the safety and vitality of the neighborhoods. By implementing these initiatives, Grandmont Rosedale Development Corp strives to improve the quality of life for the community's residents and businesses, ultimately making the area a more attractive and vibrant place to live.
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Impact
July, 2024
Grandmont Rosedale Development Corp has made a substantial impact on the Grandmont Rosedale neighborhoods of northwest Detroit. Through their comprehensive approach to community revitalization, they have renovated and sold over 126 single-family homes, transformed vacant properties into community assets, and engaged in commercial renovation and small business support. Their efforts have not only improved the physical landscape of the neighborhoods but also created economic opportunities for residents through entrepreneurship and business development. Additionally, their community engagement initiatives have brought residents together to beautify public spaces, address crime prevention, and generate solutions to community problems. Grandmont Rosedale Development Corp's work has significantly contributed to making the neighborhoods safe, vibrant, and prosperous places to live, work, shop, and play.
This information is meant to be a general summary of Grandmont Rosedale Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,317
- Program Service Revenue: $163,023
- Gross Receipts: $876,933
Assets and Liabilities:
- Total Assets: $3,179,555
- Total Liabilities: $1,569,658
- Net Assets: $1,609,897
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL PROPERTIES
Revenue
$150,590
FARMERS MARKET
Revenue
$12,433
Organization Details
Founding Year
1989
Phone
(313) 387-4732Principal Officer
Dale Thomson
Main Address
19800 GRAND RIVER AVE, DETROIT, MI, 48223
Website
www.grandmontrosedale.comNTEE Category
Code: L250 - Housing
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