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Vanguard Community Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383201091 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Pamela Martin Turner (President And Ceo)
  • Compensation: $153,100
  • Related: $0
  • Other: $0

    • Everett Stone (Svp And Cfo)
  • Compensation: $114,230
  • Related: $0
  • Other: $0

    • Leslie Andrews (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edgar Vann Iii (Founder) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shawney Deberry (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beatrice Taylor (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonya Delley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Eason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Hollier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terrence Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Etta Garth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vanguarddetroit.org

    Where can I find the form 990 for Vanguard Community Development Corporation?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $0
  • 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
  • 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

    Principal Officer

    Pamela Martin Turner

    Main Address

    2795 E Grand Blvd, Detroit, MI, 48211

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Vanguard Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.