← ASBURY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by ASBURY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue: $858,365
Total expenses: $763,082
Contributions and grants received: $770,210
Grants paid: $0
Program service revenue: $82,775
Investment income: $5,380
Other revenue: $0
Total assets, end of year: $656,428
Total liabilities, end of year: $134,296
Net assets or fund balances, end of year: $522,132
Program services expenses (Part IX): $743,242
Management and general expenses: $17,418
Fundraising expenses: $2,422
Program service expenses (Part III): $743,242

Program services were 97.4% 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.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$770,210
1g · Noncash contributions included above

$47,617
2a · Program service revenue: CONTRACT INCOME

total $58,113 · related or exempt $58,113
2b · Program service revenue: LOCAL GOVT CONTRACTS

total $16,720 · related or exempt $16,720
2c · Program service revenue: PRODUCT INCOME

total $7,942 · related or exempt $7,942
3 · Investment income

total $728 · related or exempt $728
7a · Gross sales of assets other than inventory

other assets $82,300
7b · Less cost or other basis and sales expenses

other assets $77,648
7c · Gain or loss

other assets $4,652
7d · Net gain or loss

total $4,652 · related or exempt $4,652

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $367,190 · program services $361,710 · management and general $5,480
10 · Payroll taxes

total $27,427 · program services $27,058 · management and general $369
11c · Fees: accounting

total $12,089 · program services $11,069 · management and general $1,020
11g · Fees: other

total $116,143 · program services $109,399 · management and general $6,744
12 · Advertising and promotion

total $8,755 · program services $6,296 · management and general $37 · fundraising $2,422
13 · Office expenses

total $7,227 · program services $7,227
14 · Information technology

total $4,221 · program services $4,221
16 · Occupancy

total $72,192 · program services $71,221 · management and general $971
22 · Depreciation, depletion and amortization

total $28,253 · program services $28,253
23 · Insurance

total $11,511 · program services $10,765 · management and general $746
24a · Other expenses: FOOD COSTS

total $26,291 · program services $25,933 · management and general $358
24b · Other expenses: MAINTENANCE

total $19,532 · program services $19,532
24c · Other expenses: VEHICLES

total $16,226 · program services $16,136 · management and general $90
24d · Other expenses: TOOLS

total $15,774 · program services $15,594 · management and general $180
24e · All other expenses

total $30,251 · program services $28,828 · management and general $1,423

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $111,561 · end of year $159,768
4 · Accounts receivable

beginning of year $12,092 · end of year $63,842
7 · Other notes and loans receivable

end of year $6,253
9 · Prepaid expenses and deferred charges

beginning of year $1,075 · end of year $887
10a · Land, buildings and equipment: cost or other basis

$515,427
10b · Land, buildings and equipment: accumulated depreciation

$102,440
10c · Land, buildings and equipment, net

beginning of year $436,387 · end of year $412,987
15 · Other assets

beginning of year $12,691 · end of year $12,691
17 · Accounts payable and accrued expenses

beginning of year $26,201 · end of year $30,518
19 · Deferred revenue

beginning of year $100,290 · end of year $40
24 · Unsecured notes and loans payable

beginning of year $9,871 · end of year $5,640
25 · Other liabilities

beginning of year $10,595 · end of year $98,098
31 · Retained earnings, endowment or other funds

beginning of year $426,849 · end of year $522,132

Mission and programs · 2022

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

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.

Expenses $312,454
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.

Expenses $402,535
PROGRAM DEPRECIATION

Expenses $28,253

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

REV CAROL BLAIR BOUSE

VOTING MEMBE

Total calculated

$0
DARIUS COTTON

VOTING MEMBE

Total calculated

$0
JIM CRAIG

BOARD CHAIR

Total calculated

$0
CHRISTINE HECK

TREASURER

Total calculated

$0
SYLVIA PITTMAN

VOTING MEMBE

Total calculated

$0
REV VINCENT SLOCUM

VOTING MEMBE

Total calculated

$0
EDWIN WESTON

VOTING MEMBE

Total calculated

$0
MICHELE WESTON

SECRETARY

Total calculated

$0
ROBERT WYATT

VICE BOARD C

Total calculated

$0
KEVIN CROOM

EXECUTIVE DI

Total calculated

$0
REV TOMMY MCDONIEL

EXECUTIVE DI

Total calculated

$0

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 November 2023
IRS schema version: 2022v5.0
Source object: 202303199349317500

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