Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
13 people listed on the 990; $56K paid to officers and key staff.
Kevin Croom’s $56K as Executive Di is at the 34th percentile of top reported officer pay among 1709 $100K–1M 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Kevin Croom | $56,058 | $45,882 |
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
Revitalizes neighborhoods and promotes family development through community programs and partnerships.
Questions for Asbury Community Development Corporation
Your first name shows with your question. Asbury Community Development Corporation answers here, for everyone.
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Connecting Neighbors
The corporation operates a community help center that is open to the public one day each week. Residents have access to a variety of services during the hours of operation, bottled water, and food provided by the food bank of eastern michigan.
Asbury farms is a large-scale, commercial farming operation located on what was once vacated property in the eastside neighborhood. Several local residents have been hired to run the farm and ensure that the corporation's presence in the neighborhood is a blessing for residents.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $138K | $92K |
| Land, buildings, equipmentLn 10c | $538K | $780K |
| Total assetsLn 16 | $750K | $876K |
| LiabilitiesLn 26 | $72K | $131K |
| Net assetsLn 32 | $678K | $745K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $199K | $191K | $7K | |
| Payroll taxesLn 10 | $19K | $18K | $934 | |
| Accounting feesLn 11c | $3K | $3K | $85 | |
| Other fees for servicesLn 11g | $105K | $102K | $2K | |
| Advertising and promotionLn 12 | $2K | $502 | $38 | $2K |
| Office expensesLn 13 | $7K | $7K | ||
| Information technologyLn 14 | $2K | $2K | ||
| OccupancyLn 16 | $49K | $48K | $1K | |
| InterestLn 20 | $5K | $5K | $547 | |
| Depreciation, depletion and amortizationLn 22 | $27K | $27K | ||
| InsuranceLn 23 | $11K | $10K | $1K | |
| Other expenses (24a–d)Ln 24 | $34K | $34K | $488 | |
| All other expensesLn 24e | $15K | $15K | $185 | |
| Total functional expensesLn 25 | $478K | $462K | $14K | $2K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $546K | $478K | $67K | $745K | 990 PDF |
| FY2023 | $809K | $653K | $155K | $678K | 990 PDF |
| FY2022 | $858K | $763K | $95K | $522K | 990 PDF |
| FY2021 | $988K | $720K | $268K | $427K | 990 PDF |
| FY2020 | $647K | $605K | $42K | $159K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $545,803 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $545,803 across 7 lines filed
Part IX · Statement of functional expenses $478,329 across 13 lines filed
Part X · Balance sheet $876,383 assets, 9 lines filed
Part XI · Reconciliation of net assets $744,985 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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