VANGUARD COMMUNITY DEVELOPMENT CORPORATION

EIN: 383201091 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$1,724,564
Total Expenses
$2,045,544
Total Assets
$3,737,037
Net Assets
$3,209,373
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MI
Principal Officer
Pamela Turner
Phone
3138727831
Tax Period
2023-01-01 to 2023-12-31

VANGUARD COMMUNITY DEVELOPMENT CORPORATION, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,584,462
Program Service Revenue $0
Investment Income $0
Other Revenue $140,102
TOTAL REVENUE $1,724,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $840,980
Fundraising Expenses $0
Program Expenses $1,847,437
Other Expenses $1,204,564
TOTAL EXPENSES $2,045,544

Year-over-Year Comparison

2023 2022 Change
Revenue $1,724,564 $948,676 +0.8%
Expenses $2,045,544 $1,463,232 +0.4%
Net Income $-320,980 $-514,556 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
11
Employees
6
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$203,854
Total Directors
10
$0
Key Employees
3
$484,339
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pamela Martin Turner President and CEO 50
Officer Key Emp Highest
$203,854 $0 $203,854
Everett Stone SVP and CFO 50
Key Emp
$159,685 $0 $159,685
Monica Edmonds Vice President and Chief Operating Officer 60
Key Emp
$120,800 $0 $120,800
Sonya Delley Director 2
Director
$0 $0 $0
George Eason Director 2
Director
$0 $0 $0
Terrence Wheeler Director 2
Director
$0 $0 $0
Etta Garth Director 4
Director
$0 $0 $0
Shawny DeBerry Treasurer 2
Officer Director
$0 $0 $0
Beatrice Taylor Secretary 2
Officer Director
$0 $0 $0
Leslie Andrews Board Chair 5
Officer Director
$0 $0 $0
Jaye I Clement Director 2
Director
$0 $0 $0
Reginald G Dozier Director 2.00
Director
$0 $0 $0
Nicole Sebree Henry Director 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,724,564 $2,045,544 $3,737,037 $-320,980
2022 $948,676 $1,463,232 $3,249,933 $-514,556
2021 $1,299,303 $1,351,691 $3,490,400 $-52,388
2020 $1,223,113 $992,330 $3,562,175 $230,783
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