Vanguard Community Development Corporation in Detroit, Michigan (MI)
Table of contents:
| Vanguard Community Development Corporation | |
| Employer Identification Number (EIN) | 383201091 |
| Name of Organization | Vanguard Community Development Corporation |
| Address | 2785 E Grand Blvd, Detroit, MI 48211-2003 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Urban renewal |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $893,291 |
| Amount of Income | $966,487 |
| Form 990 Revenue Amount | $966,487 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $966,487 (it was $2,418,226 in 2012)
| This organization: | $966,487 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $893,291 (it was $1,582,204 in 2012)
| This organization: | $893,291 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2012: $1,801,691
| This organization: | $1,801,691 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2012: 0.5
| This organization: | 0.5 |
| Other organizations performing similar types of work: | 1.6 |
Number of employees in 2012: 70
| Vanguard Community Development Corporation: | 70 |
| Other organizations performing similar types of work: | 1 |
Grants share in income in 2012: 95.7%
| This organization: | 95.7% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2012
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $1,855,728 |
| Contributions, Gifts, Grants and Other Similar Amounts | $1,776,834 |
| Program Service Revenue | $19,208 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $59,686 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $1,801,691 |
| Compensation of current officers, directors, trustees, and key employees | $61,810 |
| Other salaries and wages | $605,747 |
| Payroll taxes | $58,386 |
| Professional fundraising services | $0 |
| Other | $1,075,748 |
| Balance Sheet (for 2012) | |
| Total assets | $1,582,204 |
| Total liabilities | $330,628 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $330,628 |
| Total net assets or fund balances | $1,251,576 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $4,510,756 |
| Gifts, grants, contributions, and membership fees received | $4,510,756 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Gross receipts from related activities, etc. | $5,253,056 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Vanguard Community Development Corporation | 2785 E Grand Blvd, Detroit, MI 48211-2003 | MI | 1995-01 | $966,487 |
| 3 | Invest Detroit Cde | 600 Renaissance Ctr Ste 1710, Detroit, MI 48243-1810 | MI | 2010-04 | $681,235 |
| 4 | Recoverypark | 8201 St Aubin St Ste 200, Detroit, MI 48211-1301 | MI | 2011-07 | $281,895 |
| 5 | Bay Future Inc | 721 Washington Ave Ste 309, Bay City, MI 48708-5724 | MI | 2012-05 | $272,061 |
| 6 | Inside Detroit Inc | 1253 Woodward Ave, Detroit, MI 48226-2006 | MI | 2009-01 | $254,597 |
| 7 | Hatch Detroit | 645 Griswold St Ste 2600, Detroit, MI 48226-4202 | MI | 2011-08 | $190,491 |
| 8 | Redford Brightmoor Initiative | 10000 Beech Daly Rd, Redford, MI 48239-2117 | MI | 2013-02 | $81,516 |
| 9 | Community Investment Support Fund | 1092 Woodward Ave, Detroit, MI 48226-1906 | MI | 2012-12 | $71,912 |
| 10 | Leaders Advancing Macomb Inc | 12900 Hall Rd Ste 350, Sterling Hts, MI 48313-1174 | MI | 2013-04 | $70,352 |
| 11 | Lakeshore Economic Coalition Inc | 7310 Woodward Ave 5th Floor, Detroit, MI 48202 | MI | 2007-08 | $70,277 |
| 12 | Sturgis Improvement Association | 112 S Monroe St, Sturgis, MI 49091 | MI | 2014-12 | $67,139 |
| 13 | Michigan Port Collaborative Foundation | 546 Phoenix St, South Haven, MI 49090 | MI | 2011-04 | $36,295 |
| 14 | Starting Over For Success S O S | 1215 Pritchardville Road, Hastings, MI 49058 | MI | 2009-04 | $15,519 |
| 15 | Sunrise Enterprise Foundation | 1438 Eastern Ave Se, Grand Rapids, MI 49507-2054 | MI | 1999-05 | $10,342 |
| 16 | Alkebu-Lan Village Community Development Corporation | 7701 Harper Ave, Detroit, MI 48213-2411 | MI | 2003-03 | $0 |
| 17 | Association For Brownfield Redevelopment Authorities | 2960 Interstate Pkwy, Kalamazoo, MI 49048-9600 | MI | 2014-09 | $0 |
| 18 | Children Saving Children Filmworks Co, Stacy Joyce | 622 E Blanchard Rd, Shepherd, MI 48883-9554 | MI | 2003-01 | $0 |
| 19 | City Living Detroit | 3430 E Jefferson Ave Ste 857, Detroit, MI 48207-4233 | MI | 2006-09 | $0 |
| 20 | Community Development Outreach | 3871 Andover Ave, Auburn Hills, MI 48326-3030 | MI | 2004-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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