Adjective:
* He is a born leader. (Describing the person)
* This is a born-again Christian. (Describing the person's religious affiliation)
Verb phrase:
* She was born in 1990. (Part of the verb "to be born")
* The baby was born prematurely. (Part of the verb "to be born")
Therefore, "born" is both a verb and an adjective depending on the context.