Civic Intelligence

Villages Community Development Corporation

990 • Fiscal year 2016 • EIN 36-4598309

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileWWW.THEVILLAGESOFDETROIT.COM

View Organization Page

8109 E Jefferson Ave 1BDetroit, MI 48214

(313) 486-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

9.13x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

54th percentile

3.4%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$46,154

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 26.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

$1,732,872

No earlier filing loaded for comparison.

Net Assets

$131,140

No earlier filing loaded for comparison.

Liabilities

$1,601,732

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin54th percentile

Revenue

$175,479

No earlier filing loaded for comparison.

Expenses

$169,548

No earlier filing loaded for comparison.

Net Income

$5,931

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,732,872Liabilities 2016: $1,601,732Net Assets 2016: $131,1402016Assets 2017: $1,660,829Liabilities 2017: $1,486,627Net Assets 2017: $174,2022017Assets 2019: $1,518,208Liabilities 2019: $1,259,477Net Assets 2019: $258,7312019Assets 2020: $1,420,190Liabilities 2020: $1,141,479Net Assets 2020: $278,7112020Assets 2021: $1,343,703Liabilities 2021: $1,023,704Net Assets 2021: $319,9992021Assets 2022: $1,268,767Liabilities 2022: $815,388Net Assets 2022: $453,3792022Assets 2023: $1,170,357Liabilities 2023: $681,971Net Assets 2023: $488,3862023Assets 2024: $1,095,861Liabilities 2024: $554,373Net Assets 2024: $541,4882024

Highlighted filing

2016

Assets$1,732,872
Liabilities$1,601,732
Net Assets$131,140
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2016: $175,479Expenses 2016: $169,548Net Income 2016: $5,9312016Revenue 2017: $192,131Expenses 2017: $149,069Net Income 2017: $43,0622017Revenue 2019: $282,452Expenses 2019: $239,341Net Income 2019: $43,1112019Revenue 2020: $254,803Expenses 2020: $234,824Net Income 2020: $19,9792020Revenue 2021: $271,031Expenses 2021: $229,743Net Income 2021: $41,2882021Revenue 2022: $344,421Expenses 2022: $286,337Net Income 2022: $58,0842022Revenue 2023: $387,298Expenses 2023: $352,291Net Income 2023: $35,0072023Revenue 2024: $401,574Expenses 2024: $348,472Net Income 2024: $53,1022024

Highlighted filing

2016

Revenue$175,479
Expenses$169,548
Net Income$5,931
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$175,479
Mission and Program Overview

Mission

To accelerate economic development in the Villages Of Detroit, a collection of neighborhoods located on Detroit's near Eastside.

To accelerate economic development in the villages of detroit, a collection of neighborhoods located on detroit's near east side.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,699,393$1,394,388▼ $305,005
Inventories for Sale or Use$0$252,217▲ $252,217
Cash and Non-Interest-Bearing Accounts$118,574$58,303▼ $60,271
Prepaid Expenses and Deferred Charges$2,778$0▼ $2,778
Pledges and Grants Receivable$17,646$265▼ $17,381
Total Assets$1,838,391$1,732,872▼ $105,519
Other Assets Total$0$27,699▲ $27,699
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,703,792$1,590,206▼ $113,586
Accounts Payable and Accrued Expenses$0$11,526▲ $11,526
Unsecured Notes Loans Payable$9,390$0▼ $9,390
Other Liabilities$0$0→ $0
Total Liabilities$1,713,182$1,601,732▼ $111,450
Net Assets / Fund Balance
Unrestricted Net Assets$125,209$131,140▲ $5,931
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$125,209$131,140▲ $5,931
Total Liabilities and Net Assets / Fund Balance$1,838,391$1,732,872▼ $105,519

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,394,388$309,404-
Other Land Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016----$0
2015----$0
2014----$0
2013----$0
2012----$0
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael Farr-FT$46,154$46,154

Board Members and Trustees

NameTitle
Joy Santiago ClarkPresident
Jonathan DemersVice President
Summer RitnerVice President
Timothy RickettExecutive Director
Brtan Ellison-
Donna Gardner-
Janet Wasko-
Kathy Beltaire-
Kristen Ussery-
Miguel Pope-
Christianne SimsSecretary
Peter McgreevyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,175
Program Service Revenue
$156,304
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,763
Change in Net Assets
$5,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,277
Salaries, Compensation, and Employee Benefits$55,563
Professional Fundraising Fees$5,708
Total Fundraising Expense$5,708
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$93,404$0$0$0
Current Officers, Directors, Trustees, and Key Employees-$46,154-$46,154
Payroll Taxes-$6,939-$6,939
Insurance$6,678-$0$6,678
Fees for Services Professional Fundraising--$5,708$5,708
Office Expenses-$2,701-$2,701
Fees for Services Accounting-$2,615-$2,615
Other Salaries and Wages-$2,470-$2,470
Advertising-$2,175-$2,175
Conferences and Meetings-$479-$479
Information Technology-$225-$225
Total Functional Expenses$100,082$63,758$5,708$169,548

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,708
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section C, Line 19

“COPIES IN OFFICE”

Filing and Contact Details

Filer

Filer Name
The Villages Comm Development Org
EIN
36-4598309
Phone
3134862900
Address
8109 E JEFFERSON AVE 1B, DETROIT, MI 48214
Doing Business As
The Villages

Signing Officer

Name
Peter Mcgreevy
Title
Treasurer
Phone
3134862900
Signed
2017-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Joy Santiago
Formed
2006
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
50

Preparer

Firm
Xat Income Tax LLC
Address
2831 GRATIOT AVE, DETROIT, MI 48207
Preparer
Paul Stern
Phone
3139212121
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IRS990/OtherExpensesGrp/TotalAmt00
IRS990/OtherExpensesGrp/TotalAmt193404
IRS990/OtherExpensesGrp/TotalAmt20
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02470
IRS990/OtherSalariesAndWagesGrp/TotalAmt02470
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06939
IRS990/PayrollTaxesGrp/TotalAmt06939
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017646
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0265
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02778
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOY SANTIAGO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NSP3 RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0113586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt055798
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01547497
IRS990/PYOtherRevenueAmt016132
IRS990/PYProgramServiceRevenueAmt01668863
IRS990/PYRevenuesLessExpensesAmt0186437
IRS990/PYSalariesCompEmpBnftPaidAmt06859
IRS990/PYTotalExpensesAmt01554356
IRS990/PYTotalRevenueAmt01740793
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05931
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019175
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00
IRS990ScheduleA/PublicSupportPY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt019175
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019175
IRS990ScheduleA/TotalSupportAmt019175
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01394388
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0309404
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01703792
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01394388
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,732,872
Liabilities
$1,601,732
Net assets
$131,140
Revenue
$175,479
Expenses
$169,548
Net income
$5,931
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.55$0.54$0.40$0.35$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.68$0.49$0.39$0.35$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.82$0.45$0.34$0.29$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.34$1.02$0.32$0.27$0.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.42$1.14$0.28$0.25$0.23$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.52$1.26$0.26$0.28$0.24$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.66$1.49$0.17$0.19$0.15$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.73$1.60$0.13$0.18$0.17$0.01