Community Development : Housing and Neighborhood Development

Eastern Market Corporation

Since 1891

four stars

91.59

2934 Russell Street Detroit, MI 48207
tel: (313) 833-9300   Web Site
EIN: 32-0030432

Board Leadership
Jason Grobbel
Chairman

CEO
Dan Carmody
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.59 four stars
  Financial 90.39 four stars
  Accountability & Transparency 93.00 four stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The mission of the Eastern Market Corporation is to mobilize leadership and resources to achieve stakeholders vision for the Eastern Market District and make the Eastern Market the undisputed center for fresh and nutritious food in southeast Michigan. Our vision includes strengthening the identity of the Eastern Market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.

The mission of the Eastern Market Corporation is to mobilize leadership and resources to achieve stakeholders vision for the Eastern Market District and make the Eastern Market the undisputed center for fresh and nutritious food in southeast Michigan. Our vision includes strengthening the identity of the Eastern Market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.

Impact Information

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Financial

four stars

90.39

Accountability & Transparency

four stars

93.00

This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.0%
  Administrative Expenses 17.7%
  Fundraising Expenses 7.2%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.49
  Program Expenses Growth 8.3%
  Liabilities to Assets 10.5%
All data for Financial Performance Metrics calculations was provided by Eastern Market Corporation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Eastern Market Corporation on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,908,988
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $50,500
   Related Organizations $0
   Government Grants $0
Total Contributions $2,959,488
   Program Service Revenue $0
Total Primary Revenue $2,959,488
   Other Revenue $1,876,027
TOTAL REVENUE $4,835,515
   
EXPENSES  
   Program Expenses $4,805,198
   Administrative Expenses $878,126
   Fundraising Expenses $378,009
TOTAL FUNCTIONAL EXPENSES $6,061,333
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,225,818
   
Net Assets $8,590,294

Charts

Compensation % of Expenses Paid to Title
$134,818 2.22% Daniel Carmody President & CEO

Mission

The mission of the Eastern Market Corporation is to mobilize leadership and resources to achieve stakeholders vision for the Eastern Market District and make the Eastern Market the undisputed center for fresh and nutritious food in southeast Michigan. Our vision includes strengthening the identity of the Eastern Market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.

Highly Rated

Charity Name & State Overall Score Overall Rating
Eastern Market Corporation (MI) 91.59 four stars
Catholic Charities CYO, Archdiocese of San Francisco (CA) 90.51 four stars
Greater Phoenix Economic Council (AZ) 90.59 four stars
Puente (CA) 96.66 four stars
Brighton Park Neighborhood Council (IL) 90.03 four stars

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Charity Contact Info

Eastern Market Corporation
2934 Russell Street
Detroit, MI 48207
tel: (313) 833-9300
EIN: 32-0030432

Visit Web Site

Board Leadership

Jason Grobbel
Chairman

CEO

Dan Carmody
President