Overview
What is Vanguard Community Development Corporation?
Vanguard Community Development Corporation, based in Detroit, Michigan, is a dedicated nonprofit organization with a mission to foster a lively and thriving community in the Historic North End. Their primary focus is on providing affordable housing for individuals with moderate to low economic means, having developed 236 homes in the area, with 206 located specifically in Detroit's Historic North End and 48 specifically for seniors. They collaborate with organizations such as Avanath, RMC Development, and Tekton to develop North End Landing, offering a mix of market-rate, affordable, and senior housing. Vanguard's core values emphasize Economic Equity and Racial Equity, reflecting their commitment to promoting fairness and inclusivity in their work. The organization employs a team of nine individuals.
Official website here: www.vanguarddetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Vanguard Community Development Corporation has received a Four-Star rating from Charity Navigator, reflecting a high level of accountability and finance management. The organization scored an impressive 92% overall, with its rating primarily based on its strong performance in financial transparency and governance metrics. Notably, it has a fully independent board and no reported material diversions of assets, indicating a robust oversight structure.
Strengths of Vanguard include a high program expense ratio of 83.42%, which suggests that a significant portion of its funds is directed towards its mission-driven activities rather than administrative costs. The organization has also received full marks for its conflict of interest policy and its financial documentation practices, further reinforcing its commitment to ethical governance and operational integrity.
However, there is a noted limitation in the absence of a whistleblower policy, which received a score of zero out of four points. This might raise concerns regarding the organization's procedures for reporting unethical behavior, which is a critical component of a comprehensive accountability framework. Despite this, the overall financial health and governance practices position Vanguard Community Development Corporation as a trustworthy nonprofit focused on community development.
This AI summary has been generated from information found on Charity Navigator.
Is Vanguard Community Development Corporation legitimate?
Vanguard Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vanguard Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $315,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,362
For more financial information, click here
Official website here: www.vanguarddetroit.org
What is the mission statement of Vanguard Community Development Corporation?
Vanguard Community Development Corporation aims to foster a lively and thriving community, where individuals can reside, work, and enjoy leisure activities. Their guiding principles are Economic Equity and Racial Equity. To accomplish this mission, they have constructed 236 affordable homes, with 206 being located in a specific area and the remaining 48 designed for senior citizens. These homes are developed to cater to individuals with moderate to low economic means, ensuring they live in clean, safe, and appealing environments. Additionally, Vanguard has collaborated with other organizations to develop North End Landing, offering a mix of market-rate, affordable, and senior housing in a specific area.
Official website here: www.vanguarddetroit.org
Who is the CEO of Vanguard Community Development Corporation?
Pamela Martin Turner is the President And Ceo of Vanguard Community Development Corporation. The CEO's salary of Vanguard Community Development Corporation is $153,100 and their total compensation is $153,100.
Official website here: www.vanguarddetroit.org
What is the revenue of Vanguard Community Development Corporation?
Vanguard Community Development Corporation's revenue in 2021 was $1,299,303.
Official website here: www.vanguarddetroit.org
Who are the executives of Vanguard Community Development Corporation and what are their salaries?
The average compensation at Vanguard Community Development Corporation during 2021 was $66,812. There are 9 employees and 10 volunteers at Vanguard Community Development Corporation.
Here are 11 key members and their salaries (Vanguard Community Development Corporation's CEO's salary is $153,100 and their total compensation is $153,100):
- Compensation: $153,100
- Related: $0
- Other: $0
- Compensation: $114,230
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vanguarddetroit.org
Where can I find the form 990 for Vanguard Community Development Corporation?
Vanguard Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.vanguarddetroit.org
Learn more at the official website: www.vanguarddetroit.org
Mission Statement of Vanguard Community Development Corporation
Vanguard Community Development Corporation is committed to fostering a lively and thriving community where individuals can reside, work, and enjoy leisure activities. This organization, guided by its core values of Economic Equity and Racial Equity, strives to make a significant impact. Vanguard's mission involves constructing affordable housing for people with modest economic means, ensuring that these residences are maintained at a high standard of cleanliness, safety, and attractiveness. To achieve this goal, the corporation has developed 236 homes, with 206 situated in Detroit's Historic North End and 48 specifically designed for senior citizens. Vanguard's collaborative effort with Avanath, RMC Development, and Tekton is aimed at developing North End Landing, which encompasses market-rate, affordable, and senior housing within the Smith Street/Delores Bennett Park area of the Historic North End.
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Impact
July, 2024
Vanguard Community Development Corporation has made a significant impact in Detroit's Historic North End by cultivating a vibrant and healthy community where people live, work, and play. Through the development of 236 affordable homes, including 206 within the Historic North End and 48 for seniors, Vanguard has provided much-needed housing for individuals with low to moderate economic means. These homes are designed to be clean, safe, and attractive, ensuring that residents have access to quality housing options. Additionally, Vanguard CDC, Avanath, RMC Development, and Tekton have collaborated to develop North End Landing, providing market-rate, affordable, and senior housing in the Smith Street/Delores Bennett Park area. This initiative demonstrates Vanguard's commitment to economic equity and racial equity, contributing to the overall improvement of the community.
This information is meant to be a general summary of Vanguard Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $1,174,730
- Gross Receipts: $1,299,303
Assets and Liabilities:
- Total Assets: $3,490,400
- Total Liabilities: $606,577
- Net Assets: $2,883,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing Development
Revenue
$267,634
Community Engagement and Plannjing
Revenue
$352,246
Economic Development
Revenue
$207,534
Safety and Training
Revenue
$82,310
General/Unrestricted
Revenue
$265,006
Organization Details
Founding Year
1994
Phone
(313) 872-7831Principal Officer
Pamela Martin Turner
Main Address
2795 E Grand Blvd, Detroit, MI, 48211
Website
www.vanguarddetroit.orgNTEE Category
Code: S31 - Community improvement
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