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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.9M
+259.7% YoY
Revenue
$6.2M
+1687.7% YoY
Net Investment Income
—
-100.0% YoY
Expenses
$129K
-57.9% YoY
About Eastern Market Development Corporation
Based on IRS filings
Eastern Market Development Corporation is a nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,850,250 | $2,460,581 | $2,479,241 |
| Revenue | $6,203,641 | $347,012 | $268,690 |
| Expenses | $128,993 | $306,188 | $532,796 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $8 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARLENE BURRIS | CHAIR | 1 | — |
| MARC JOHNSON | VICE CHAIR | 1 | — |
| INDIA SOLOMON | SECRETARY | 1 | — |
| VICTOR ALBA | TREASURER | 1 | — |
| CARRIE LEWAND-MONROE | DIRECTOR | 1 | — |
| CHRISTINA PELTIER | DIRECTOR | 1 | — |
| DAVID ALADE | DIRECTOR | 1 | — |
| DUANE ASHFORD | DIRECTOR | 1 | — |
| ELLIOT SHAFER | DIRECTOR | 1 | — |
| JAMIE FABER | DIRECTOR | 1 | — |
| JAREN GLASKER | DIRECTOR | 1 | — |
| JOHN MCCLAREN | DIRECTOR | 1 | — |
| KEEGAN MAHONEY | DIRECTOR | 1 | — |
| KEVIN JONES | DIRECTOR | 1 | — |
| KEVIN WARD | DIRECTOR | 1 | — |
| REV ROBERT JONES | DIRECTOR | 1 | — |
| SAM MUNACO | DIRECTOR | 1 | — |
| STEVE WATSON | DIRECTOR | 1 | — |
| DANIEL CARMODY | CEO (TERM 12/2024) | 5 | — |
| KATHARINE TRUDEAU | PRESIDENT | 5 | — |
| DIETRICH KNOER | EMDC EXECUTIVE DIR. (TERM 06/2024) | 40 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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