Grandmont Rosedale Development Corporation
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Revitalizes neighborhoods by renovating homes, assisting residents and businesses, and beautifying the community. For fiscal year 2024 it reported $4.2M in revenue, $2.2M in expenses, and $3.6M in net assets.Pt I
Summary of the Filing
Where the work happens
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.
Community Involvement
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 2024, GRDC completed 11 beautification projects at vacant lots owned by the organization that included clean-ups and maintenance of flowers and…
Econcomic Development
GRDC'S economic development programming is designed to provide commercial stabilization and small business support. In 2024, GRDC hosted several small business events including small business saturday, and the 20TH season of the northwest detroit farmers' market.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Randall’s $94K as Executive Director is at the 29th percentile of top reported officer pay among 2025 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|
| Michael Randall | $93,967 | $97,600 | $54,580 | — |
| Sherita Smith | — | — | — | $76,980 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 93% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 240% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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