Avalon Nonprofit Housing Corp
- Assets
- $19.5m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 148
- Location
- Ann Arbor, MI
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 38-3086920
Organization Overview
Avalon Nonprofit Housing Corp, operating under the name Avalon Housing Inc, is located in Ann Arbor, MI. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Avalon Housing Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avalon Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Avalon Housing Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BUILD HEALTHY, SAFE AND INCLUSIVE SUPPORTIVE HOUSING COMMUNITIES AS A LONG-TERM SOLUTION TO HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVALON'S PROPERTY MANAGEMENT TEAM WORKS TO SUPPORT TENANTS BY BUILDING POSITIVE RELATIONSHIPS AND CREATING EVICTION PREVENTION PLANS FOR AT-RISK TENANTS. EXAMPLES OF OUR ENHANCED PROPERTY MANAGEMENT MODEL INCLUDE WEEKLY INSPECTIONS, PAYMENT PLANS, COMMUNITY MEETINGS AND CLOSE COORDINATION WITH OUR SUPPORT SERVICES TEAM.
1. SUPPORTIVE SERVICES: PROVIDES CASE MANAGEMENT AND SUPPORT COORDINATION CATERED TO ADULTS AND FAMILIES WHO HAVE EXPERIENCED OR ARE CURRENTLY EXPERIENCING HOMELESSNESS THROUGH HOUSING STABILIZATION, GOAL PLANNING, SYSTEMS ADVOCACY, AND CRISIS INTERVENTION FOR PEOPLE LIVING ON AVALON PROPERTIES, IN ADDITION TO PROVIDING HOUSING ALTERNATIVES WITH AFFORDABLE HOUSING PARTNERS AND IN THE PRIVATE LANDLORD MARKET. THESE TEAMS TRAVEL ACROSS THE COUNTY ON A DAILY BASIS TO MEET CLIENTS IN THEIR HOMES IN ORDER TO PROVIDE INDIVIDUALIZED CARE THAT INCLUDES HOUSING STABILIZATION, GOAL PLANNING, CRISIS INTERVENTION, SUBSTANCE ABUSE RECOVERY SUPPORT, AND MEDICAL CASE MANAGEMENT ASSISTANCE. 2. MILLER MANOR SERVICES: PROVIDES COMPREHENSIVE ON-SITE SERVICES TO ADULTS IN A LARGE SINGLE-SITE DEVELOPMENT OWNED AND MANAGED BY THE ANN ARBOR HOUSING COMMISSION. OUR DIVERSE STAFF AT MILLER MANOR MANAGE A FRONT DESK AREA ON A 24/7 BASIS, COORDINATE A FOOD PANTRY ON-SITE, PRACTICE HARM REDUCTION WITH TENANTS, PROVIDE TRANSPORTATION WHEN NEEDED, AND COORDINATE SUPPORT AND SOCIAL GROUPS - SUCH AS GROUP LUNCHES, ART GROUPS, AND 12-STEP MEETINGS - WITHIN THE BUILDING. ADDITIONALLY, A HOME HEALTH AIDE AND PHYSICIAN ARE AVAILABLE ON-SITE TO MILLER MANOR TENANTS TO SUPPORT IMPROVED HEALTH OUTCOMES. 3. 411 N. ASHLEY HOUSE SERVICES: PROVIDES COMPREHENSIVE ON-SITE SERVICES TO ADULTS WITH SIGNIFICANT PHYSICAL AND BEHAVIORAL HEALTH NEEDS. MEDICATION MANAGEMENT IS A CRITICAL COMPONENT TO SERVICES RECEIVED. OUR STAFF AT N. ASHLEY HOUSE ARE RESPONSIBLE FOR MANAGING THE AGENCY-WIDE EMERGENCY TELEPHONE LINE SO THAT AVALON TENANTS ALWAYS HAVE SOMEONE TO TURN TO. ADDITIONALLY, IN-HOME CHORE SUPPORT SERVICES AND MEAL SERVICES ARE OFFERED TO TENANTS. THE HOME IS STAFFED ON A 24/7 BASIS. 4. COMMUNITY BUILDING SERVICES: AVALON'S UNIQUE COMMUNITY BUILDING TEAM BELIEVES A SENSE OF COMMUNITY IS INTEGRAL TO HOUSING STABILITY. THIS TEAM CREATES AND OFFERS OPPORTUNITIES FOR TENANTS TO ENGAGE WITH THEIR NEIGHBORS AND OTHER COMMUNITY MEMBERS. THE COMMUNITY BUILDING TEAM HOSTS WEEKLY FOOD PANTRIES, PLANS ANNUAL EVENTS FOR TENANTS, AND SUPPORTS AND EMPOWERS OUR TENANT LEADERSHIP COUNCIL. COMMUNITY CENTERS ARE AVAILABLE TO TENANTS FOR HOMEWORK, COMPUTER AND INTERNET USAGE, COPYING/SCANNING/PRINTING, COMMUNITY GATHERINGS, AND MORE. 5. OUTREACH SERVICES: PROVIDES RAPID REHOUSING AND ASSERTIVE HOUSING-FIRST BASED COMMUNITY OUTREACH AND CASE MANAGEMENT TO INDIVIDUALS WHO EXPERIENCE CHRONIC HOMELESSNESS. THE TEAM'S MAIN OBJECTIVES ARE TO ASSIST CLIENTS IN THE PRIVATE LANDLORD MARKET WITH OBTAINING AND MAINTAINING HOUSING, HELP CLIENTS ACHIEVE MEDICAL AND FINANCIAL STABILITY, AND CONNECT CLIENTS WITH COMMUNITY RESOURCES. AVALON'S OUTREACH TEAM ALSO COLLABORATES WITH PARTNER ORGANIZATIONS TO HOUSE CHRONICALLY HOMELESS INDIVIDUALS.
AS A NONPROFIT REAL ESTATE DEVELOPER, AVALON DEVELOPS, RENOVATES, OWNS AND MANAGES UNITS OF SUPPORTIVE HOUSING SCATTERED ACROSS VARIOUS SITES IN WASHTENAW COUNTY. AVALON PROPERTIES ARE FINANCED WITH A COMPLEX MIX OF NON-TRADITIONAL SOURCES, INCLUDING LOW INCOME HOUSING TAX CREDITS, FEDERAL GRANTS AND RENT SUBSIDIES, TO REDUCE DEBT AND GUARANTEE PERMANENT AFFORDABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Kessler Trustee | Trustee | 1 | $0 |
Jim Grosh Treasurer | OfficerTrustee | 2 | $0 |
Gary Bruder Trustee | Trustee | 1 | $0 |
Allan Newman Trustee | Trustee | 1 | $0 |
Jeremy Lapedis President | OfficerTrustee | 4 | $0 |
Alex Thomas Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,025 |
| Related organizations | $0 |
| Government grants | $4,903,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,988,634 |
| Total Program Service Revenue | $3,527,575 |
| Investment income | $127,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,118 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,644,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,822 |
| Compensation of current officers, directors, key employees. | $70,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,542,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $843,285 |
| Payroll taxes | $414,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,445 |
| Fees for services: Accounting | $36,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $953,993 |
| Advertising and promotion | $12,431 |
| Office expenses | $439,187 |
| Information technology | $212,279 |
| Royalties | $0 |
| Occupancy | $407,639 |
| Travel | $42,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,530 |
| Interest | $30,580 |
| Payments to affiliates | $436,584 |
| Depreciation, depletion, and amortization | $370,499 |
| Insurance | $89,581 |
| All other expenses | $1,014,022 |
| Total functional expenses | $10,010,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,557 |
| Savings and temporary cash investments | $2,914,041 |
| Pledges and grants receivable | $508,034 |
| Accounts receivable, net | $2,496,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,637,878 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $224,709 |
| Net Land, buildings, and equipment | $6,645,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,911,229 |
| Intangible assets | $10,614 |
| Other assets | $188,883 |
| Total assets | $19,543,148 |
| Accounts payable and accrued expenses | $750,091 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,913,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,379,727 |
| Total liabilities | $14,043,585 |
| Net assets without donor restrictions | $5,454,563 |
| Net assets with donor restrictions | $45,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,543,148 |