Detroit, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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. Vanguard CDC, Avanath, RMC Development and Tekton have joined together for the sole purpose of developing North End Landing as market rate, affordable and senior housing in the Smith Street/Delores Bennett Park area of the Historic North End.
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...
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. The purpose is to transmit critically needed information so that residents will be actively engaged in redeveloping their neighborhood as well as making good strategic decisions about such. Included in this activity beginning in 2021, Vanguard completed the beautification of East Grand Boulevard from Woodward Ave to I-75. This project lasted three (3) years. It included art, placemaking, storytelling about the Historic area, clean and safe activities, festivals and more. It was funded by the Knight Foundation with a $1.5 million grant over three (3) years.
Vanguard operates a comprehensive economic development program which is centered on the North End commercial district including Milwaukee Junction. Vanguard implements proven economic development...
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. Vanguard serves as the North End/Milwaukee Junction Commercial District Manager. As such, we provide a full array of services that the community identified as essential. These include: commercial district branding and promotion, building and staffing the district business association, expanding and developing workforce development opportunities, supporting district businesses, creating a stronger sense of place through physical development, leveraging resources, creating green space, preserving and elevating the district's rich, unique, African-American history and ensuring economic equity and racial justice in all district development.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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