Form 990 for tax year 2022

Totals

Total revenue

$344,421

Total expenses

$286,337

Contributions and grants received

$155,397

Grants paid

$0

Program service revenue

$168,157

Investment income

$0

Other revenue

$20,867

Total assets, end of year

$1,268,767

Total liabilities, end of year

$815,388

Net assets or fund balances, end of year

$453,379

Program services expenses (Part IX)

$129,884

Management and general expenses

$156,453

Fundraising expenses

$0

Program service expenses (Part III)

$129,884

Program services were 45.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• We have enrolled 17 households into ourKeep It In the Family (KIITF)program,ensuring the preservation of intergenerational wealth.We are working closely with our neighborhood partners in order to make sure ourneighborhoods get the investment and services they deserve, such as getting DWSDout to repair storm drains and sink holes,and to get the City to help us eliminateblight.We are trying to bring as many different stakeholders together in order to create astronger sense of community, both to achieve our program goals and to help foster asense of connection between and within our neighborhoods. The second round of our housing stabilization program has been successful. Oneof the biggest takeaways we learned from our first round is that estate planning inthe neighborhoods was a sorely needed missing piece in keeping residents in theirhomes. The City of Detroit has funded its program, Tangled Title, to the tune of$7,000,000 in order to operationalize this program on a citywide basis. We havecontinued to work with our existing pool of 17 clients to help to continue to offercase management support in order to help them take advantage of furtherfunding opportunities, such as signing up existing clients for roof repairs, helpingwith property taxes, lead abatement, water affordability and more. In addition tobroadening the program to another round of clients, we have additionally cut inhalf the cycle time that it took us to help clients, from 18 months in some cases toeight months. In our continued efforts in getting the City of Detroit to invest more and betterquality services in our neighborhoods, we opted to give our neighborhoodorganizations the opportunity to make selections from our infrastructure guideinstead of VCDC staff picking for them. So far, North, East and West VillageAssociations have all made the same selections: blight reductions and waterinfrastructure upgrades. Jos. Berry Subdivision selected water infrastructureupgrades and tree services. The implementation of these projects has beenongoing throughout the course of this year, and by harnessing the power ofresident advocacy, we are optimistic that we can partner with the City to improvethe physical condition of our neighborhoods. We were lucky enough to be able to bring on Alexis Mann as our Program Manager. Alexis, asmall business owner and resident on the East Side, met Mac when she was starting up herown block club. She had operationalized a lot of the teachings that we have pioneered,getting new sidewalks, speed humps, tree services and demolitions on her block. Alexis hasenabled the organization to expand our engagement with our neighborhood partners. Inaddition to cutting in half the cycle time it takes us to assist our housing clients, she hasbeen able to liaise more with our neighborhood organizations.We have built our presence in the community in a number of ways. In addition to ourbiweekly newsletter, our social media channels,and our strategy briefing sessions we haveevery three months, we have also taken on canvassing of our most vulnerable residents inconjunction with Neighbor to Neighbor, a Rocket Community Fund venture geared towardspreventing property tax foreclosure. This program has been successful, and Alexis and herteam of canvassers have knocked on 650 doors.

  Expenses $129,884

As filed on the 2022 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

15 May 2023

IRS schema version

2022v5.0

Source object

202302969349300955

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