Eastern Market Development Corporation
Eastern Market Development Corporation is a Michigan non-profit corporation organized to develop businesses and other resources within the eastern market district.
Eastern Market Development Corporation at a glance
- Total assets
- $8,850,250
- +259.7% vs 2023
- Revenue (2024)
- $6,203,641
- +1687.7% vs 2023
- Expenses (2024)
- $128,993
- -57.9% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Eastern Market Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $354K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Eastern Market Corporation Detroit, MI | Maintaining Operations | $354,370 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $8,850,250 | $6,203,641 | $128,993 | — | — | — |
| 2023 | $2,460,581 | $347,012 | $306,188 | — | — | $8 |
| 2022 | $2,479,241 | $268,690 | $532,796 | $354,370 | 1 | — |
| 2021 | $2,864,604 | $558,080 | $454,402 | — | — | — |
| 2020 | $3,074,749 | $725,923 | $439,988 | — | — | — |
About Eastern Market Development Corporation
Based on IRS filings
Eastern Market Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Detroit, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.9M in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Eastern Market Development Corporation is led by Daniel Carmody, CEO since 2024 (on filings since 2020); none of the 21 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Carmody
CEO
President & C.e.o. → Chief Executive Officer, 2023
Chief Executive Officer → CEO, 2024
On filings since 2020
5 hrs/week
No compensation reported
Dietrich Knoer
Emdc Executive Director
Executive Director → Emdc Executive Director, 2024
On filings since 2023
40 hrs/week
No compensation reported
Katharine Trudeau
President
New on the 2024 filing
5 hrs/week
No compensation reported
Sharlene Burris
Chair
Director → Vice Chair, 2021
Vice Chair → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
John McClaren
Director
On filings since 2020
1 hr/week
No compensation reported
Keegan Mahoney
Director
On filings since 2020
1 hr/week
No compensation reported
Kevin Ward
Director
On filings since 2020
1 hr/week
No compensation reported
Jamie Faber
Director
On filings since 2021
1 hr/week
No compensation reported
Steve Watson
Director
On filings since 2022
1 hr/week
No compensation reported
Carrie Lewand-Monroe
Director
New on the 2024 filing
1 hr/week
No compensation reported
Christina Peltier
Director
New on the 2024 filing
1 hr/week
No compensation reported
David Alade
Director
New on the 2024 filing
1 hr/week
No compensation reported
Duane Ashford
Director
New on the 2024 filing
1 hr/week
No compensation reported
Elliot Shafer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jaren Glasker
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kevin Jones
Director
New on the 2024 filing
1 hr/week
No compensation reported
Robert Jones
Director
New on the 2024 filing
1 hr/week
No compensation reported
Sam Munaco
Director
New on the 2024 filing
1 hr/week
No compensation reported
India Solomon
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Marc Johnson
Vice Chair
New on the 2024 filing
1 hr/week
No compensation reported
Victor Alba
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (12)
- Former: Carlos Neilbock (2020–2023) — Director
- Former: Carrie Lewand-Moore (2020–2023) — Director
- Former: Christopher Wall (2020–2023) — Director
- Former: Corey Leon (2020–2023) — Chair
- Former: Deirdre Green (2020–2023) — Director
- Former: Don Lindow (2020–2023) — Treasurer
- Former: Jim Vella (2020–2023) — Director
- Former: Joseph Dennison (2020–2023) — Director
- Former: Katrina Watkins (2020–2023) — Director
- Former: Maggie Desantis (2020–2023) — Secretary
- Former: Nancy Garvin (2020–2023) — Director
- Former: Pastor Robert Jones (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Eastern Market Development Corporation
How large is Eastern Market Development Corporation?
Eastern Market Development Corporation reported $8.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.2M.
What is Eastern Market Development Corporation?
Eastern Market Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Detroit, MI. It holds $8.9M in total assets as of 2024.
Where does Eastern Market Development Corporation operate?
Eastern Market Development Corporation has awarded grants in Michigan.
What is Eastern Market Development Corporation's EIN?
Eastern Market Development Corporation's EIN (Employer Identification Number) is 82-1252089. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Eastern Market Development Corporation's focus areas in our free grants database
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