Asbury Community Development Corp
Nonprofit profile at a glance
- EIN
- 454234550
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Flint, MI, USA
- Phone
- 8102350016
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $545,803
- Expenses
- $478,329
- Assets
- $876,383
- Liabilities
- $131,398
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- KEVIN CROOM (EXECUTIVE DI): $56,058 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 96.7%; rating input score 97
- Fundraising efficiency: $273.33 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.4%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.83; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 25.3% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 96.7% of spending went to programs
- Governance: 12 of 12 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $462K in reported program spending
- Leadership: top reported pay $56K · 13 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.