Nonprofit screen
Screen a listGrandmont Rosedale Development Corp
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$4.2Mrevenue
FY2024 · +371% in 3 yrs10staff
6 of 6years filed
’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin48.1%
Months of reserve7.0mo
Revenue growth (annualized)+38.9%
Middle half of peersMedianGrandmont Rosedale Development
Where the money goes FY2024 · $2.2M spent
Programs$2.1M93%Management and general$128k6%Fundraising$21k1%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$245k in FY2022 and −$99k in FY2023. Cash covers 7.0 months, above the peer median of 4.4.
990 Part I and balance sheetIn its favor3
Strong governance
14 of 14 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 39% a year since FY2019, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 4 of its 5 returns, 12% of revenue in FY2024. $2.5M is traced federal awards from Department of Housing and Urban Development.
990 Part VIII · USAspending24funders
$644ka year, last 3 years
51%from its largest funder
Funder’17’18’19’20’21’22’23Enterprise Community Partners IncSince FY2019$175k$171k$225k$220k$540kThe Kresge FoundationStopped after FY2020$165k$60k$60k$65k–Michigan Health Endowment FundNew in FY2023$175kCapital Impact PartnersOn and off$75k$10kUnited Way for Southeastern MichiganNew in FY2023$80kDmc FoundationNew in FY2023$75kDonor-advised giftsDonors not disclosed$25k$175k$175k$253k$149k$174k$145k10 other fundersUp to $57k a year each$27k$18k$25k$33k$83k
FundedThrough a donor-advised fundStopped