2022-11-14T23:10:20-07:00 2020-12-31 990 2020-01-01 383201091 VANGUARD COMMUNITY DEVELOPMENT CORPORATION VANG 3138727831 2795 E Grand Blvd Detroit MI 48211 Everett Stone CFO 7348129882 2021-11-15 0 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Pamela Martin Turner 2795 E Grand Bpulevard Detroit MI 48211 1402278 0 X www.vanguarddetroit.org X 1994 MI 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 and racial equity. 9 9 6 10 0 0 0 750928 742310 298315 180240 182488 931168 1223113 0 0 560324 693972 0 0 311977 298358 872301 992330 58867 230783 2915843 3562175 698986 678129 2216857 2884046 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 and racial equity. 0 0 235691 235691 Vanguard has built and managed 236 affordable homes including 206 in Detroit's Historic North End including 48 designated for Seniors. Vanguard has developed these homes to provide much needed housing for people with low to moderate economic means and to ensure that these homes are safe, clean and attractive. Today, this remains a major challenge throughout the United States and especially in Detroit. As the trend moves toward urban density and market rate multifamily living, Vanguard is focused on addressing this affordable housing challenge. Vanguard currently has interests in three affordable housing projects: Melrose Square, 24 units, West Oakland Homes, 45 units and Maxwell Homes, 30 units. All projects are single family homes designated for family with incomes from thirty percent (30%) to sixty percent (60%) of area median income for a family of four. 278423 278423 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. 214222 214222 Vanguard operates a comprehensive s 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. 172723 172723 Safety Training and Organizing 172723 0 172723 901059 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 X Everett Stone 7348129882 2795 E Grand Blvd Detroit MI 48211 X Pamela Martin Turner President/CEO 50 0 X X 224333 0 0 Everett Stone SVP and CFO 50 0 X 150338 0 0 Leslie Andrews Board Chair 2 X 0 0 0 Edgar Vann Founder and Director 2 0 X 0 0 0 Shawney DeBerry Treasurer 2 0 X X 0 0 0 Beatrice Taylor Secretary 1 0 X X 0 0 0 Sonya Delley Director 1 0 X 0 0 0 George Eason Director 1 1 X 0 0 0 Adam Hollier Director 1 0 X 0 0 0 Terrence Wheeler Director 1 0 X 0 0 0 Etta Garth Director 2 0 X 0 0 0 374671 0 0 2 0 1 0 0 0 Housing Development 233000 144530 144530 0 0 Community Engagement and Planning 900099 242877 242877 0 0 Economic Development 813910 206694 206694 0 0 Safety, Training and Organizing 922190 148209 148209 0 0 0 0 0 0 742310 125838 0 0 0 125838 0 125838 125838 0 0 0 477480 0 179165 0 298315 298315 298315 0 0 Brokerage fees 531210 54250 54250 0 0 Miscellaneous 900099 2400 2400 0 0 0 0 0 0 56650 1223113 1223113 0 0 181506 145205 36301 365313 355597 9716 55504 50833 4671 42652 39063 3589 48997 44874 4123 7000 6000 1000 8000 7327 673 21170 11560 9610 21427 19619 1808 1060 1060 53738 42205 11533 3304 3026 278 34715 34715 1260 1260 97840 93272 4568 10987 10062 925 Community Outreach 36006 36006 0 0 Miscellaneous 1851 1695 156 0 992330 901059 91271 0 15357 785643 0 0 158277 131277 25000 32061 0 0 34731 34731 0 0 11467 15999 3011256 649804 2450464 2361452 0 0 0 0 0 0 0 0 220547 201012 2915843 3562175 174555 196060 17500 7500 8000 8000 0 0 498931 466569 698986 678129 X 1998107 2228890 218750 655156 2216857 2884046 2915843 3562175 X 230783 0 0 0 0 436406 X 0 1 X 0 0 X 2089389 315974 705939 750928 742310 4604540 2089389 315974 705939 750928 742310 4604540 0 4604540 32238 108000 93000 103080 125838 462156 111986 30389 16077 146625 56650 361727 5428423 5428423 0.84823 0.875 X Schedule A, Part II, Line 10 Brokerage fees and miscellaneous receipts. 0 1 X 178439 20000 198439 160000 80000 43636 196364 2418166 0 468539 1949627 0 0 0 0 154651 0 137629 17022 2361452 Predevelopment costs 82893 Land held for Development 112462 Deposit-land 5657 201012 1223113 0 0 0 0 0 1223113 0 0 0 1223113 992330 0 0 0 0 0 992330 0 0 0 992330 Schedule D, Part IV, Line 2b Rent deposits X 0 0 0 1 0 0 0 0 0 Pamela Martin Turner President/CEO 154500 128750 69833 0 0 0 0 0 0 0 224333 128750 182500 0 Everett Stone SVP and CFO 128750 0 22588 0 0 0 0 0 0 0 151338 0 0 Schedule J, Part I, Line 5 A incentive pool is paid amounting to twenty percent (20%) of unrestricted revenues generated by Vanguard. This pool is distributed based on the employee's performance and the discretion of President/CEO. Form 990, Part VI, Section B, Line 11b Generally, the 990 is compared to audited financial statements to assure comparability. Form 990, Part VI, Section C, Line 19 Vanguard's policies are available upon request. Form 990, Part XI, Line 9 Change in net assets with donor restrictions. Return was mailed and postmarked by required date of 11/15/2021. It was returned. Vanguard has always filed paper returns. This was the first year it was returned. Covid had a negative impact on recordkeeping requiring remote employment. The mail situation remains a problem receiving mail late and things getting lost or misplaced because of irregular office visits and staffing displacement. Please accept this return without penalty.