Villages Community Development Corporation
- Assets
- $1.3m
- Revenue
- $271.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Detroit, MI
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 36-4598309
Organization Overview
Villages Community Development Corporation, operating under the name The Villages, is located in Detroit, MI. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villages 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, Villages generated $271.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $229.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.9%) per year over the past 7 years. 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 VILLAGES CDC SUPPORTS AND ADVOCATES FOR THE DEVELOPMENT OF INCLUSIVE PLACES AND NEIGHBORHOODS WITHIN THE VILLAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY PETITIONED THE CITY TO INSTALL MORE SPEED HUMPS IN THE VILLAGES (AND ALSO PINGREE PARK). OUR DISTRICT REPRESENTS ONE PART OF DETROIT WHERE YOU CAN SEE THE CLEAR VISUAL PATTERNS OF HOW OUR ADVOCACY HAS LED BOTH TO THE DIRECT INSTALLATIONS OF SPEED HUMPS AS WELL AS ENABLING NEIGHBORS TO ADVOCACY ON THEIR OWN BEHALF. SPING AND SUMMER 2021. GETTING THE CITY TO COME BACK AND CLEAR OUT PILES OF DEBRIS THAT THEY INADVERTENTLY LEFT OUT WHEN THEY WERE CLEARING THE ALLEYS IN THE WEST VILLAGE, MARCH 17, 2021. HANTZ WOODLANDS HAS HAD A HOLD ON CITY OWNED PROPERTY IN SECTIONS OF THE VILLAGES. THIS HAS PRECLUDED RESIDENTS FROM ACQUIRING THE LOTS THAT WOULD NORMALLY BE AVAILABLE THROUGH THE DETROIT LAND BANK AUTHORITIES SIDE LOT PROGRAM. HOWARD FREEMAN, WHO LIVES ON PARKER BETWEEN CHARLEVOIX AND GOETH AVENUES, WAS NOT ABLE TO GET HIS SIDELOT. HOWEVER, HANTZ WOODLANDS HAD AGREED TO NOT EXERCISE THEIR RIGHT OF FIRST REFUSAL.WE ARE PROUD TO STATE THAT DUE TO US ADVOCATING FOR HOWARD, THE DLBA WAS ABLE TO CONVEY (VIA QUITCLAIM DEED) TO HOWARD THE LOT DIRECTLY ABUTTING HIS RESIDENCE. IT IS PRECISELY THIS SORT OF ASSISTANCE THAT WE ARE MOST PROUD OF. THE ABILITY TO HELP CONNECT RESIDENTS WITH OUT COMES THAT ARENT ALWAYS OBVIOUS, BUT THAT THEY DESERVE. WE WERE ABLE TO CLEAR UP A POTENTIAL ISSUE WITH SOME OF OUR WEST VILLAGE RESIDENTS. A NEWER RENTER THOUGHT THAT HER MANAGEMENT COMPANY WAS ACTIVELY DISPLACING TENANTS AT 1780 VAN DYKE. WHEN IN FACT IT TURNED OUT TO BE THAT SOMEONE WAS INDEED EVICTED, BUT THIS WAS DUE TO AN ISSUE CONCERNING HOARDING, WHICH WAS NOT PANNING OUT WELL. THE REASONING SEEMED TO SATISFY THE NEWER RESIDENT, AND HOPEFULLY WE WERE ABLE TO AVERT A NEEDLESS CONTROVERSY. THE DEBUT OF OUR HOUSING STABILIZATION PILOT CONTAINED MANY LEARNINGS. BY KEEPING AT IT, WE WERE ABLE TO HAVE TEN HOUSES STABILIZED IN THE VILLAGES. THIS INCLUDES MINOR REPAIRS, CLEARING TITLES, MAKING SURE RESIDENTS WERE CURRENT ON TAXES AND UTILITIES, ALSO GETTING THEM CONNECTED TO RESOURCES THAT HELPED THEM CATCH UP ON ARREARAGES. WE ALSO GAVE RESOURCES TO HELP EACH HOUSEHOLD INQUIRE ABOUT ESTABLISHING A WILL. THIS WOULD ENSURE THAT THESE HOMES REMAIN ASSETS TO THE FAMILIES THAT HAVE BEEN THERE FOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Farr Executive Director | Trustee | 40 | $74,464 |
Stephanie Austin Secretary Chair Infra | Officer | 2 | $0 |
Alex Decamp Treasurer | Officer | 2 | $0 |
Edythe Ford Vice President | Officer | 2 | $0 |
Jacob Graham President | Officer | 2 | $0 |
Jonathan Demers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,261 |
| Total Program Service Revenue | $40,518 |
| Investment income | $0 |
| 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 | $271,031 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,750 |
| Payroll taxes | $5,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,795 |
| Fees for services: Accounting | $7,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,497 |
| Advertising and promotion | $313 |
| Office expenses | $230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,945 |
| Travel | $519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,785 |
| Insurance | $9,172 |
| All other expenses | $6,232 |
| Total functional expenses | $229,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,238 |
| Savings and temporary cash investments | $0 |
| 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 | $1,125,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,343,703 |
| Accounts payable and accrued expenses | $1,429 |
| 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 | $1,022,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,023,704 |
| Net assets without donor restrictions | $319,999 |
| 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 | $1,343,703 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Villages Community Development Corporation has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $110,000 |
Aa Van Elslander Foundation Birmingham, MI PURPOSE: OPERATIONS SUPPORT | $20,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |