Vanguard Landing Inc
- Assets
- $7.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Virginia Beach, VA
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 27-4775672
Organization Overview
Vanguard Landing Inc is located in Virginia Beach, VA. The organization was established in 2012. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard Landing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vanguard Landing Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $217.3k during the year ending 12/2021. While expenses have increased by 10.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VANGUARD LANDING IS TO OFFER A SAFE, INTENTIONAL, INTERACTIVE AND INCLUSIVE COMMUNITY WHERE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DIFFERENCES CAN THRIVE AND ACHIEVE THEIR LIFE'S FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE A SAFE SELF-SUSTAINING COMMUNITY FOR ADULTS WITH INTELLECTUAL DISABILITTIES.
CREATE A SAFE SELF-SUSTAINING COMMUNITY FOR ADULTS WITH INTELLECTUAL DISABILITTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra B Dear Executive Di | OfficerTrustee | 40 | $79,999 |
Whitney D Reyes Chairman Of | Officer | 35 | $0 |
Laure Haddock Secretary | Trustee | 10 | $0 |
Richard Nickerson Board Member | Trustee | 1 | $0 |
Charles Zdebski Board Member | Trustee | 2 | $0 |
Lori Bridges Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,889,953 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,930,948 |
| Total Program Service Revenue | $334,124 |
| Investment income | $3,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,269,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,120 |
| Fees for services: Management | $65,431 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,976 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,600 |
| Advertising and promotion | $6,833 |
| Office expenses | $1,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,103 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384 |
| Insurance | $6,688 |
| All other expenses | $0 |
| Total functional expenses | $217,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,598 |
| Savings and temporary cash investments | $1,561,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,395,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,201,026 |
| Accounts payable and accrued expenses | $3,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,350,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,312 |
| Total liabilities | $2,406,118 |
| Net assets without donor restrictions | $4,794,908 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,201,026 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vanguard Landing Inc has recieved totaling $560,302.
| Awarding Organization | Amount |
|---|---|
The Patricia And Douglas Perry Foundation Norfolk, VA PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $250,000 |
The Landmark Foundation Norfolk, VA PURPOSE: EDUCATIONAL GRANTS | $250,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Douglas And Marianne Dickerson Foundation Virginia Beach, VA PURPOSE: TO SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Regional Housing Partnership Inc Baltimore, MD | $17,869,604 | $87,260,949 |
Medstar Ambulatory Services Inc Columbia, MD | $191,556,915 | $22,068,997 |
Oxford House Inc Silver Spring, MD | $6,662,269 | $22,312,565 |
Dogwood Housing Inc North Bethesda, MD | $86,669,090 | $22,202,788 |
Abraham And Laura Lisner Home For Aged Women Washington, DC | $22,620,580 | $13,905,589 |
Lutheran Home-Hickory West Inc Salisbury, NC | $4,616,109 | $14,117,518 |
Lutheran Home - Wilmington Inc Salisbury, NC | $3,485,965 | $12,654,546 |
Community Affordable Housing Equity Corporation Raleigh, NC | $30,228,876 | $11,307,712 |
National Low Income Housing Coalition And Low Income Housing Washington, DC | $13,467,381 | $12,702,610 |
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD | $263,616,606 | $53,198,670 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |