Villages Community Development Corporation
- Assets
- $1.2m
- Revenue
- $387.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Detroit, MI
- Founding
- 09/2007
- Data as of
- 12/2023
- 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. As of 12/2023, Villages employed 2 individuals. 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 12/2023, Villages generated $387.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $352.3k during the year ending 12/2023. While expenses have increased by 11.0% 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
2023
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
1. CONTINUED TO PROVIDE FOUR UNITS OF TRULY AFFORDABLE HOUSING, TWO BEDROOM UNITS IN WEST VILLAGE, ALL FOR LESS THAN $1,000 A MONTH. 2.PARTNERED WITH THE WEST VILLAGE ASSOCIATION TO OBTAIN A NEIGHBORHOOD BEAUTIFICATION GRANT. 3.WE FINALLY REALIZED THE GOAL OF GETTING MORE DTE INVESTMENT IN THE NEIGHBORHOOD AFTER YEARS OF ORGANIZING AGAINST UNJUST RATE HIKES AND FAILING RELIABILITY. ALL OF OUR NEIGHBORHOODS ARE GETTING NEW GAS MAINS, SERVICE LINES AND OVERHEAD LINES AND POLES.4.SECTIONS OF EAST VILLAGE AND CERTAIN HOUSEHOLDS IN THE VILLAGES HAVE GOTTEN LEAD SERVICE LINE REPLACEMENTS, WHICH WILL LEAD TO LOWER LEAD LEVELS IN THE BLOODSTREAM OF RESIDENTS. 5.WE HAVE CONTINUED TO CONNECT AND GROW OUR COMMUNITIES. OUR QUARTERLY ENGAGEMENT SESSIONS REGULARLY DRAW ABOUT 30 RESIDENTS, OUR NEWSLETTER HAS NEARLY 700 SUBSCRIBERS AND THE VIDEOS THAT WE ARE SHOOTING ARE HELPING SPREAD THE MESSAGE ABOUT WHAT THE VILLAGES DOES FOR OUR RESIDENTS AND NEIGHBORHOODS. 6.OUR SIGNATURE PROGRAM, KEEP IT IN THE FAMILY, HAS BEEN HIGHLIGHTED BY DETROIT FUTURE CITY IN THEIR REPORT, KEEPING YOUR FAMILY HOME. THE COMBINATION OF ESTATE PLANNING AND TITLE SEARCHES IS NOW RECOGNIZED AS A PROVEN WINNER TO BE ABLE TO KEEP PEOPLE IN THEIR HOMES, BUILD WEALTH, REDUCE BLIGHT AND HELP STABILIZE NEIGHBORHOODS. TO DATE, WE HAVE NOW ASSISTED 28 HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Farr Executive Director | OfficerTrustee | 40 | $89,514 |
Alexis Mann Program Manager | Trustee | 40 | $60,000 |
Christianne Sims President | Trustee | 2 | $0 |
Ashley Davidson Director | Trustee | 2 | $0 |
David Preuss Director | Trustee | 2 | $0 |
Ederique Goudia Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | -$500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,933 |
| Total Program Service Revenue | $176,066 |
| Investment income | $199 |
| 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 | $387,298 |
| 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. | $89,514 |
| Compensation of current officers, directors, key employees. | $89,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,322 |
| Payroll taxes | $11,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $52,602 |
| Insurance | $0 |
| All other expenses | $35,653 |
| Total functional expenses | $352,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,910 |
| 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 | $1,020,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,814 |
| Total assets | $1,170,357 |
| Accounts payable and accrued expenses | $4,436 |
| 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 | $677,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $681,971 |
| Net assets without donor restrictions | $488,386 |
| 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 | $1,170,357 |