Michigan · Nonprofit
EASTERN MARKET DEVELOPMENT CORPORATION
EASTERN MARKET DEVELOPMENT CORPORATION (Michigan) receives grants from 3 organizations whose IRS filings report $120,000 to it, the largest being ILITCH CHARITIES INC ($100,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $6.2M
- Funders on record
- 3
- Grants received
- $120k
- Net assets
- $8.1M
What Eastern Market Development Corporation does
Mission
Eastern Market Development Corporation is a michigan non-profit corporation organized to develop businesses and other resources within the eastern market district.
As stated on its FY2024 Form 990.
Program
Development of businesses and other resources within the eastern market district.
$79,815 spent$155,183 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $79,815.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.5M to $8.9M (+260%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 13% · 2020 22% · 2021 9% · 2022 12% · 2024 97%. Grants only. Government contracts and fees sit inside program revenue.
97% of EASTERN MARKET DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Daniel Carmody
CEO (term 12/2024)
Board chair
Sharlene Burris
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $10k → $110k.
Left out of every figure on this page: $2.4M from one payer (the payer shares this organization's board, largest Eastern Market Corporation). These are real filings, and they are not money EASTERN MARKET DEVELOPMENT CORPORATION raised.
From the IRS filings of EASTERN MARKET DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
EASTERN MARKET DEVELOPMENT CORPORATION leans on a few funders — its largest provides 83% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
92% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund EASTERN MARKET DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2022 100% · 2023 91% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
92% of EASTERN MARKET DEVELOPMENT CORPORATION's grant income comes from Michigan funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
EASTERN MARKET DEVELOPMENT CORPORATION has grown faster than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like EASTERN MARKET DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
62% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Emdc Shed 7 LLC · disregarded
- Eastern Market Corporation · exempt
- Emdc Shed 7 Supporting Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for EASTERN MARKET DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds EASTERN MARKET DEVELOPMENT CORPORATION?
- EASTERN MARKET DEVELOPMENT CORPORATION (Michigan) receives grants from 3 organizations whose IRS filings report $120,000 to it, the largest being ILITCH CHARITIES INC ($100,000). 0 of them have funded it in more than one year.
- How many funders does EASTERN MARKET DEVELOPMENT CORPORATION have?
- IRS filings report 3 organizations giving $120,000 in grants to EASTERN MARKET DEVELOPMENT CORPORATION.
- Who is the largest funder of EASTERN MARKET DEVELOPMENT CORPORATION?
- ILITCH CHARITIES INC is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
- How can an organization like EASTERN MARKET DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing