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Vanguard Community Development Corporation

Tax-deductible

Detroit, MI501(c)(3)Community DevelopmentEIN 38-3201091Revenue $2.5M in FY2024

On file with the IRSvanguarddetroit.org2795 E Grand Blvd, 48211-2003 · Detroit, MITax-exempt since Jan 1995Publicly supported — 509(a)(2)

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Vanguard's mission in Detroit's Historic North End is to cultivate a vibrant and healthy community where people live, work, and play. Our core values are Economic Equity and Racial Equity.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 10 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $58K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$415K
to officers and key staff · 27% of spending
Top officer’s pay higher than 55% of similar orgs
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $405K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$678K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+46% vs prior year
Spent
$1.6M
To programs
89%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$2.5M
FY2024▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$949K
FY2023$1.7M
FY2024$2.5M
Expenses
$1.6M
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$992K
FY2021$1.4M
FY2022$1.5M
FY2023$2.0M
FY2024$1.6M
Net assets
$3.3M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.9M
FY2022$2.7M
FY2023$3.2M
FY2024$3.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.4M Management & general 11% · $177K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $415K paid to officers and key staff.

Part VII, Section A · reportable compensation
Pamela Martin Turner
President and CEO
$170,650Pt VII · Sec A
Everett Stone
SVP and CFO
$128,616Pt VII · Sec A
Monica Edmonds
Vice President and Chief Operating Officer
$116,150Pt VII · Sec A
Etta Garth
Director
$0Pt VII · Sec A
Leslie Andrews
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Pamela Martin Turner’s $171K as President and CEO is at the 55th percentile of top reported officer pay among 2832 $1–10M community development 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Pamela Martin Turner$170,650$203,854$168,600$153,100
Everett Stone$128,616$159,685$140,599$114,230
Monica Edmonds$116,150$120,800——

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds a healthy, vibrant community with economic and racial equity.

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Provided by the organization

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3 programs · $1.4M · in their own filed words · FY2024
01

Vanguard's Community Engagement Program is designed to organize community residents and stakeholders. We serve as an information clearing house and education to optimize community engagement in a rapidly changing neighborhood. We organize residents to create change.

$697Kprogram expense
02

Vanguard operates a comprehensive economic development program which is centered on the North End commercial district including Milwaukee Junction. Vanguard implements proven economic development strategies and provides technical assistance to district businesses, residents, and stakeholders.

$390Kprogram expense
03

Vanguard has built 236 affordable homes including 206 in Detroit's Historic North End and 48 for Seniors. These homes were developed to provide much needed housing for people with low to moderate economic means to ensure that these homes are clean, safe and attractive.

$303Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Enterprise Community Partners INCFY2025$405K
Total grants receivedfrom 1 funder$405K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$176K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$177K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$4.0M
LiabilitiesLn 26$678K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$176K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$81K
Cash and savings togetherLn 1–2$84K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$4.0M
LiabilitiesLn 26$678K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$84K
Land, buildings, equipmentLn 10c$2.4M$3.6M
Total assetsLn 16$3.7M$4.0M
LiabilitiesLn 26$528K$678K
Net assetsLn 32$3.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$484K$422K$62K
Other salaries and wagesLn 7$154K$135K$20K
Pension plan contributionsLn 8$87K$76K$11K
Other employee benefitsLn 9$51K$45K$7K
Payroll taxesLn 10$50K$43K$6K
Legal feesLn 11b$4K$4K$568
Accounting feesLn 11c$3K$3K$387
Advertising and promotionLn 12$24K$21K$3K
Office expensesLn 13$37K$32K$5K
Information technologyLn 14$17K$15K$2K
OccupancyLn 16$89K$77K$11K
TravelLn 17$2K$2K$234
Conferences, conventions and meetingsLn 19$87K$76K$11K
InterestLn 20$23K$20K$3K
Depreciation, depletion and amortizationLn 22$105K$91K$13K
InsuranceLn 23$28K$24K$4K
Other expenses (24a–d)Ln 24$320K$304K$16K$0
Total functional expensesLn 25$1.6M$1.4M$177K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.5M$1.6M$946K$3.3M 990 PDF
FY2023 $1.7M$2.0M−$321K$3.2M 990 PDF
FY2022 $949K$1.5M−$515K$2.7M 990 PDF
FY2021 $1.3M$1.4M−$52K$2.9M 990 PDF
FY2020 $1.2M$992K$231K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,511,726 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,584,462$2,335,708
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $140,102$176,018
I-12 Total revenuePrior year $1,724,564$2,511,726
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $840,980$827,749
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,204,564$738,347
I-18 Total expensesPrior year $2,045,544$1,566,096
I-19 Revenue less expensesPrior year −$320,980$945,630
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,511,726 across 11 lines filed
Lines not itemized here account for $15,885 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,335,708
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,335,708
VIII-6 Net rental income or lossRelated to mission $158,950 · Unrelated business $0 · Excluded from tax $0$158,950
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,183 · Unrelated business $0 · Excluded from tax $0$1,183
VIII-12 Total revenueRelated to mission $176,018 · Unrelated business $0 · Excluded from tax $0$2,511,726
Part IX · Statement of functional expenses $1,566,096 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $422,000 · Management $62,500$484,500
IX-7 Other salaries and wagesPrograms $134,560 · Management $19,929$154,489
IX-8 Pension plan contributionsPrograms $76,136 · Management $11,276$87,412
IX-9 Other employee benefitsPrograms $44,794 · Management $6,634$51,428
IX-10 Payroll taxesPrograms $43,481 · Management $6,439$49,920
IX-11b Legal feesPrograms $3,832 · Management $568$4,400
IX-11c Accounting feesPrograms $2,613 · Management $387$3,000
IX-12 Advertising and promotionPrograms $21,149 · Management $3,132$24,281
IX-13 Office expensesPrograms $31,859 · Management $4,718$36,577
IX-14 Information technologyPrograms $15,007 · Management $2,223$17,230
IX-16 OccupancyPrograms $77,244 · Management $11,440$88,684
IX-17 TravelPrograms $1,582 · Management $234$1,816
IX-19 Conferences, conventions and meetingsPrograms $75,545 · Management $11,235$86,780
IX-20 InterestPrograms $20,282 · Management $3,003$23,285
IX-22 Depreciation, depletion and amortizationPrograms $91,067 · Management $13,487$104,554
IX-23 InsurancePrograms $24,055 · Management $3,563$27,618
IX-24 Other expenses (24a–d)Programs $304,271 · Management $15,851 · Fundraising $0$320,122
IX-25 Total functional expensesPrograms $1,389,477 · Management $176,619 · Fundraising $0$1,566,096
Part X · Balance sheet $4,019,857 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $610,203$3,611
X-2 Savings and temporary cash investmentsStart of year $557,114$80,831
X-3 Pledges and grants receivableStart of year $43,657$251,601
X-4 Accounts receivableStart of year $62,900$73,567
X-9 Prepaid expenses and deferred chargesStart of year $47,582$53,725
X-10c Land, buildings and equipment, netStart of year $2,415,581$3,556,522
X-16 Total assetsStart of year $3,737,037$4,019,857
X-17 Accounts payable and accrued expensesStart of year $95,796$270,723
X-26 Total liabilitiesStart of year $527,664$678,391
X-27 Net assets without donor restrictionsStart of year $2,129,456$2,857,182
X-28 Net assets with donor restrictionsStart of year $1,079,917$484,284
X-32 Total net assets or fund balancesStart of year $3,209,373$3,341,466
X-33 Total liabilities and net assetsStart of year $3,737,037$4,019,857
Part XI · Reconciliation of net assets $3,341,466 net assets at year end
XI-1 Total revenue$2,511,726
XI-2 Total expenses$1,566,096
XI-3 Revenue less expenses$945,630
XI-4 Net assets at start of year$3,209,373
XI-5 Net unrealized gains (losses) on investments−$5,000
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$787
XI-9 Other changes in net assets−$807,750
XI-10 Net assets at end of year$3,341,466

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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