Vanguard Community Development Corporation
EIN: 383201091 · Detroit, MI · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.5M |
| Net Assets | $2.7M |
Is Vanguard Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vanguard Community Development Corporation
Vanguard Community Development Corporation (EIN: 383201091) is a nonprofit organization based in Detroit, MI, classified under NTEE code S31. The organization reported total revenue of $2.5M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vanguard Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vanguard Community Development Corporation is a mid-size nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $949K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-514,556 |
| Total Assets | $3.2M |
| Total Liabilities | $597K |
| Net Assets | $2.7M |
| Operating Margin | -54.2% |
| Debt-to-Asset Ratio | 18.4% |
| Months of Reserves | 26.7 months |
Financial Health Grade: B
In 2022, Vanguard Community Development Corporation reported a deficit of $515K with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Vanguard Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -27.0% | +8.3% | -6.9% |
| 2021 | +6.2% | +36.2% | -2.0% |
| 2020 | +31.4% | +13.8% | +22.2% |
| 2019 | +14.3% | +20.8% | +1.4% |
| 2018 | +68.1% | -4.1% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vanguard Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vanguard Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $515K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.4%.
Frequently Asked Questions about Vanguard Community Development Corporation
Is Vanguard Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vanguard Community Development Corporation (EIN: 383201091) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vanguard Community Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Vanguard Community Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Vanguard Community Development Corporation tax-deductible?
Vanguard Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 383201091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vanguard Community Development Corporation located?
Vanguard Community Development Corporation is headquartered in Detroit, Michigan and files with the IRS under EIN 383201091. It is classified under NTEE code S31.
How many years of IRS 990 filings does Vanguard Community Development Corporation have?
Vanguard Community Development Corporation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
Filing History
IRS 990 filing history for Vanguard Community Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Vanguard Community Development Corporation's revenue has declined by 64.3%, moving from $2.7M to $949K. Total assets increased by 105.4% over the same period, from $1.6M to $3.2M. Total functional expenses fell by 18.3%, from $1.8M to $1.5M. In its most recent filing year (2022), Vanguard Community Development Corporation reported a deficit of $515K, with expenses exceeding revenue. The organization holds $597K in liabilities against $3.2M in assets (debt-to-asset ratio: 18.4%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $949K | $1.5M | $3.2M | $597K | — | View 990 |
| 2021 | $1.3M | $1.4M | $3.5M | $607K | — | View 990 |
| 2020 | $1.2M | $992K | $3.6M | $678K | — | View 990 |
| 2019 | $931K | $872K | $2.9M | $699K | — | View 990 |
| 2018 | $815K | $722K | $2.9M | $719K | — | View 990 |
| 2017 | $485K | $752K | $2.9M | $857K | — | View 990 |
| 2016 | $2.2M | $737K | $3.2M | $819K | — | View 990 |
| 2015 | $1.2M | $331K | $1.4M | $264K | — | View 990 |
| 2014 | $450K | $607K | $700K | $433K | — | View 990 |
| 2013 | $966K | $967K | $893K | $318K | — | View 990 |
| 2012 | $1.9M | $1.8M | $1.6M | $331K | — | View 990 |
| 2011 | $2.7M | $1.8M | $1.6M | $331K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $949K, expenses of $1.5M, and assets of $3.2M (revenue -27.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $3.5M (revenue +6.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $992K, and assets of $3.6M (revenue +31.4% year-over-year).
- 2019: Revenue of $931K, expenses of $872K, and assets of $2.9M (revenue +14.3% year-over-year).
- 2018: Revenue of $815K, expenses of $722K, and assets of $2.9M (revenue +68.1% year-over-year).
- 2017: Revenue of $485K, expenses of $752K, and assets of $2.9M (revenue -78.3% year-over-year).
- 2016: Revenue of $2.2M, expenses of $737K, and assets of $3.2M (revenue +84.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $331K, and assets of $1.4M (revenue +168.8% year-over-year).
- 2014: Revenue of $450K, expenses of $607K, and assets of $700K (revenue -53.5% year-over-year).
- 2013: Revenue of $966K, expenses of $967K, and assets of $893K (revenue -47.9% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $1.6M (revenue -30.1% year-over-year).
- 2011: Revenue of $2.7M, expenses of $1.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vanguard Community Development Corporation:
Data Sources and Methodology
This transparency report for Vanguard Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.