Civic Intelligence

Asbury Community Development Corp

EIN 45-4234550 • 501(c)3 • Flint, MI

Profile

Asbury community development corporation is organized exclusively for charitable and educational purposes to: -promote family development -promote neighborhood economic revitalization -enlist youth and college interns to implement its programs and activities -partner with other charitable organizations in leveraging neighborhood people and their assets -improve quality of life of the neighboring community through neighborhood revitalization

1653 Davison Road Suite 1Flint, MI 48506

flintasbury.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.15x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.24x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

73rd percentile

17%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$876,383

Up $126,398 (+17%) from 2023

Liabilities

Up

$131,398

Up $58,924 (+81%) from 2023

Net Assets

Up

$744,985

Up $67,474 (+10.0%) from 2023

Revenue

Down

$545,803

Down $262,868 (-33%) from 2023

Expenses

Down

$478,329

Down $174,963 (-27%) from 2023

Net Income

Down

$67,474

Down $87,905 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2017: $182,113Liabilities 2017: $94,960Net Assets 2017: $87,1532017Assets 2018: $207,705Liabilities 2018: $89,224Net Assets 2018: $118,4812018Assets 2019: $167,312Liabilities 2019: $50,384Net Assets 2019: $116,9282019Assets 2020: $231,657Liabilities 2020: $72,618Net Assets 2020: $159,0392020Assets 2021: $573,806Liabilities 2021: $146,957Net Assets 2021: $426,8492021Assets 2022: $656,428Liabilities 2022: $134,296Net Assets 2022: $522,1322022Assets 2023: $749,985Liabilities 2023: $72,474Net Assets 2023: $677,5112023Assets 2024: $876,383Liabilities 2024: $131,398Net Assets 2024: $744,9852024

Highlighted filing

2024

Assets$876,383
Liabilities$131,398
Net Assets$744,985

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $437,491Expenses 2017: $424,062Net Income 2017: $13,4292017Revenue 2018: $573,019Expenses 2018: $541,691Net Income 2018: $31,3282018Revenue 2019: $484,574Expenses 2019: $484,854Net Income 2019: -$2802019Revenue 2020: $646,890Expenses 2020: $604,779Net Income 2020: $42,1112020Revenue 2021: $987,837Expenses 2021: $720,027Net Income 2021: $267,8102021Revenue 2022: $858,365Expenses 2022: $763,082Net Income 2022: $95,2832022Revenue 2023: $808,671Expenses 2023: $653,292Net Income 2023: $155,3792023Revenue 2024: $545,803Expenses 2024: $478,329Net Income 2024: $67,4742024

Highlighted filing

2024

Revenue$545,803
Expenses$478,329
Net Income$67,474

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$545,803
Mission and Program Overview

Mission

Asbury community development corporation is organized exclusively for charitable and educational purposes to: -promote family development -promote neighborhood economic revitalization -enlist youth and college interns to implement its programs and activities -partner with other charitable organizations in leveraging neighborhood people and their assets -improve quality of life of the neighboring community through neighborhood revitalization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$537,909$780,116▲ $242,207
Rtn Earn Endowment Incm Other Fnds$677,511$744,985▲ $67,474
Cash and Non-Interest-Bearing Accounts$137,570$91,867▼ $45,703
Other Notes and Loans Receivable, Net$6,410$4,000▼ $2,410
Inventories for Sale or Use$561--
Accounts Receivable$67,535$400▼ $67,135
Total Assets$749,985$876,383▲ $126,398
Liabilities
Other Liabilities$66,212$104,487▲ $38,275
Accounts Payable and Accrued Expenses$4,852$26,911▲ $22,059
Unsecured Notes Loans Payable$1,410--
Total Liabilities$72,474$131,398▲ $58,924
Net Assets / Fund Balance
Total Net Assets Fund Balance$677,511$744,985▲ $67,474
Total Liabilities and Net Assets / Fund Balance$749,985$876,383▲ $126,398

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$741,106$157,157$898,263
Land$39,010-$39,010
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin CroomExecutive DiFT$56,058$56,058

Board Members and Trustees

NameTitle
Jim CraigBoard Chair
Robert WyattVice Board C
Michele WestonSecretary
Christine HeckTreasurer
Darius CottonVoting Membe
Edwin WestonVoting Membe
George Grundy IiVoting Membe
Lisa LandVoting Membe
Marcus BrownVoting Membe
Rev Carol Blair BouseVoting Membe
Rev Vincent SlocumVoting Membe
Sylvia PittmanVoting Membe
Revenue and Support

Revenue Composition

Contributions and Grants
$534,643
Program Service Revenue
$10,663
Investment Income
$497
Other Revenue
$0
All Other Contributions
$346,421
Change in Net Assets
$67,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$545,803
Total Revenue per Audited Statements
$545,803
Total Revenue per Form 990
$545,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$260,616
Salaries, Compensation, and Employee Benefits$217,713
Total Fundraising Expense$1,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,441$7,320-$198,761
Fees for Services Other$102,373$2,180-$104,553
Occupancy$47,679$1,096-$48,775
Depreciation Depletion$27,120--$27,120
Payroll Taxes$18,018$934-$18,952
All Other Expenses$14,612$185-$14,797
Insurance$10,306$1,131-$11,437
Office Expenses$7,235--$7,235
Other Expenses$6,785$98-$6,883
Interest$4,919$547-$5,466
Fees for Services Accounting$2,638$85-$2,723
Advertising$502$38$1,956$2,496
Information Technology$1,947--$1,947
Total Functional Expenses$462,369$14,004$1,956$478,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$478,329
Total Expenses per Audited Statements$478,329
Total Expenses per Form 990$478,329
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$57,533
Short Term Loan$45,217
Accrued Payroll and Taxes$1,737
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by management before filed.

Form 990, Page 6, Part VI, Line 12C

The organization continually monitors and enforces compliance with the conflict of interest policy. Prior to action on a contract involving a conflict of interest, the member with the conflict of interest shal disclose all facts related to the conflict of interest and abstain from voting. Each new member shall receive a copy of the policy. The policy is reviewed anually by management and the board of directors.

Form 990, Page 6, Part VI, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Asbury Community Development Corp
EIN
45-4234550
Phone
8102350016
Address
1653 DAVISON ROAD SUITE 1, FLINT, MI 48506

Signing Officer

Name
Kevin Croom
Title
Executive Director
Phone
8102350016
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Croom
Voting Board Members
12
Independent Board Members
12
Employees
36

Preparer

Firm
Roy Noye and Warren CPA Pc
Address
2377 S LINDEN RD STE A, FLINT, MI 48532-5445
Preparer
Eric J Sturk
Phone
8107204700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Asbury community development corporation is organized exclusively for charitable and educational purposes to: -promote family development -promote neighborhood economic revitalization -enlist youth and college interns to implement its programs and activities -partner with other charitable organizations in leveraging neighborhood people and their assets -improve quality of life of the neighboring community through neighborhood revitalization

Form 990, Page 2, Part III, Line 4A

Asbury farms is a large-scale, commercial farming operation located on what was once vacated property in the eastside neighborhood. Several local residents have been hired to run the farm and ensure that the corporation's presence in the neighborhood is a blessing for residents. While asbury farms is a commercial operation it also includes several community access areas that residents are welcome to help themselves to fruit and vegetables. Asbury encourages community participation in all of its efforts. Asbury farms caf promotes healthy eating habits by utilization produce grown in the community that is prepared and presented in an appealing manner. Asbury hires local residents, utilizes volunteers, and engages youth who are trained by an executive chef, who also oversees the farm to table operations for the corporation. South flint soup kitchen - to feed a healthy meal to anyone who is hungry, and to act as a resource center to direct people to the agency that can help them.

Form 990, Page 2, Part III, Line 4B

Connecting neighbors - the corporation operates a community help center that is open to the public one day each week. Residents have access to a variety of services during the hours of operation, bottled water, and food provided by the food bank of eastern michigan. The corporation's neighbor connect programs promote family health, wellness, and literacy while connecting neighbors with each other and with the resources they need. Every week individuals and families turn to asbury to help them supplement their food supply. Asbury is a partner with the genesee county food bank and other nonprofits to provide services for individuals and families affected by the flint water crisis. Asbury participates in the clean & green program which is managed by the genesee county land bank for the purpose of maintaining vacant lots. Asbury employs local youth for this effort.

Form 990, Page 2, Part III, Line 4D

PROGRAM DEPRECIATION

Form 990, Part IX, Line 11G

Bank fees 281 0 0 contract services 0 1,586 0 contract services 49,313 0 0 contract services 43,814 0 0 non sal prog incentives 0 567 0 non sal prog incentives 1,480 0 0 non sal prog incentives 5,922 0 0 licences 0 16 0 licences 70 0 0 licences 99 0 0 staff development 0 11 0 staff development 128 0 0 staff development 205 0 0 program expenses 562 0 0 program expenses 499 0 0 total 102,373 2,180 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0CONNECTING NEIGHBORS - THE CORPORATION OPERATES A COMMUNITY HELP CENTER THAT IS OPEN TO THE PUBLIC ONE DAY EACH WEEK. RESIDENTS HAVE ACCESS TO A VARIETY OF SERVICES DURING THE HOURS OF OPERATION, BOTTLED WATER, AND FOOD PROVIDED BY THE FOOD BANK OF EASTERN MICHIGAN. THE CORPORATION'S NEIGHBOR CONNECT PROGRAMS PROMOTE FAMILY HEALTH, WELLNESS, AND LITERACY WHILE CONNECTING NEIGHBORS WITH EACH OTHER AND WITH THE RESOURCES THEY NEED. EVERY WEEK INDIVIDUALS AND FAMILIES TURN TO ASBURY TO HELP THEM SUPPLEMENT THEIR FOOD SUPPLY. ASBURY IS A PARTNER WITH THE GENESEE COUNTY FOOD BANK AND OTHER NONPROFITS TO PROVIDE SERVICES FOR INDIVIDUALS AND FAMILIES AFFECTED BY THE FLINT WATER CRISIS. ASBURY PARTICIPATES IN THE CLEAN & GREEN PROGRAM WHICH IS MANAGED BY THE GENESEE COUNTY LAND BANK FOR THE PURPOSE OF MAINTAINING VACANT LOTS. ASBURY EMPLOYS LOCAL YOUTH FOR THIS EFFORT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASBURY COMMUNITY DEVELOPMENT CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO: -PROMOTE FAMILY DEVELOPMENT -PROMOTE NEIGHBORHOOD ECONOMIC REVITALIZATION -ENLIST YOUTH AND COLLEGE INTERNS TO IMPLEMENT ITS PROGRAMS AND ACTIVITIES -PARTNER WITH OTHER CHARITABLE ORGANIZATIONS IN LEVERAGING NEIGHBORHOOD PEOPLE AND THEIR ASSETS -IMPROVE QUALITY OF LIFE OF THE NEIGHBORING COMMUNITY THROUGH NEIGHBORHOOD REVITALIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASBURY FARMS IS A LARGE-SCALE, COMMERCIAL FARMING OPERATION LOCATED ON WHAT WAS ONCE VACATED PROPERTY IN THE EASTSIDE NEIGHBORHOOD. SEVERAL LOCAL RESIDENTS HAVE BEEN HIRED TO RUN THE FARM AND ENSURE THAT THE CORPORATION'S PRESENCE IN THE NEIGHBORHOOD IS A BLESSING FOR RESIDENTS. WHILE ASBURY FARMS IS A COMMERCIAL OPERATION IT ALSO INCLUDES SEVERAL COMMUNITY ACCESS AREAS THAT RESIDENTS ARE WELCOME TO HELP THEMSELVES TO FRUIT AND VEGETABLES. ASBURY ENCOURAGES COMMUNITY PARTICIPATION IN ALL OF ITS EFFORTS. ASBURY FARMS CAF PROMOTES HEALTHY EATING HABITS BY UTILIZATION PRODUCE GROWN IN THE COMMUNITY THAT IS PREPARED AND PRESENTED IN AN APPEALING MANNER. ASBURY HIRES LOCAL RESIDENTS, UTILIZES VOLUNTEERS, AND ENGAGES YOUTH WHO ARE TRAINED BY AN EXECUTIVE CHEF, WHO ALSO OVERSEES THE FARM TO TABLE OPERATIONS FOR THE CORPORATION. SOUTH FLINT SOUP KITCHEN - TO FEED A HEALTHY MEAL TO ANYONE WHO IS HUNGRY, AND TO ACT AS A RESOURCE CENTER TO DIRECT PEOPLE TO THE AGENCY THAT CAN HELP THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONNECTING NEIGHBORS - THE CORPORATION OPERATES A COMMUNITY HELP CENTER THAT IS OPEN TO THE PUBLIC ONE DAY EACH WEEK. RESIDENTS HAVE ACCESS TO A VARIETY OF SERVICES DURING THE HOURS OF OPERATION, BOTTLED WATER, AND FOOD PROVIDED BY THE FOOD BANK OF EASTERN MICHIGAN. THE CORPORATION'S NEIGHBOR CONNECT PROGRAMS PROMOTE FAMILY HEALTH, WELLNESS, AND LITERACY WHILE CONNECTING NEIGHBORS WITH EACH OTHER AND WITH THE RESOURCES THEY NEED. EVERY WEEK INDIVIDUALS AND FAMILIES TURN TO ASBURY TO HELP THEM SUPPLEMENT THEIR FOOD SUPPLY. ASBURY IS A PARTNER WITH THE GENESEE COUNTY FOOD BANK AND OTHER NONPROFITS TO PROVIDE SERVICES FOR INDIVIDUALS AND FAMILIES AFFECTED BY THE FLINT WATER CRISIS. ASBURY PARTICIPATES IN THE CLEAN & GREEN PROGRAM WHICH IS MANAGED BY THE GENESEE COUNTY LAND BANK FOR THE PURPOSE OF MAINTAINING VACANT LOTS. ASBURY EMPLOYS LOCAL YOUTH FOR THIS EFFORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAM DEPRECIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY MANAGEMENT BEFORE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CONTINUALLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. PRIOR TO ACTION ON A CONTRACT INVOLVING A CONFLICT OF INTEREST, THE MEMBER WITH THE CONFLICT OF INTEREST SHAL DISCLOSE ALL FACTS RELATED TO THE CONFLICT OF INTEREST AND ABSTAIN FROM VOTING. EACH NEW MEMBER SHALL RECEIVE A COPY OF THE POLICY. THE POLICY IS REVIEWED ANUALLY BY MANAGEMENT AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK FEES 281 0 0 CONTRACT SERVICES 0 1,586 0 CONTRACT SERVICES 49,313 0 0 CONTRACT SERVICES 43,814 0 0 NON SAL PROG INCENTIVES 0 567 0 NON SAL PROG INCENTIVES 1,480 0 0 NON SAL PROG INCENTIVES 5,922 0 0 LICENCES 0 16 0 LICENCES 70 0 0 LICENCES 99 0 0 STAFF DEVELOPMENT 0 11 0 STAFF DEVELOPMENT 128 0 0 STAFF DEVELOPMENT 205 0 0 PROGRAM EXPENSES 562 0 0 PROGRAM EXPENSES 499 0 0 TOTAL 102,373 2,180 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN CROOM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

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