Avenue Community Development Coporation

Organization Overview

Avenue Community Development Coporation, operating under the name Avenue, is located in Houston, TX. 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 12/2021, Avenue employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avenue 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 12/2021, Avenue generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $13.0m during the year ending 12/2021. While expenses have increased by 26.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AVENUE'S MISSION IS TO INVEST IN PEOPLE, HOMES AND COMMUNITIES TO ADVANCE EQUITY AND OPPORTUNITY FOR ALL HOUSTONIANS.

Describe the Organization's Program Activity:

AFFORDABLE HOUSING PROGRAM SERVICES- EXPENDITURES RELATING TO THE PURCHASE AND DEVELOPMENT OF AFFORDABLE HOUSING FOR RENT AND SALES TO LOW INCOME AND MODERATE INCOME FAMILIES AND INDIVIDUALS AND IMPROVEMENTS TO EXISTING PROPERTIES THIS ACTIVITY INCLUDED THE SALE OF 5 SINGLE FAMILY HOMES, THE RENTAL AND OPERATIONS OF APPROXIMATELY 467 RENTAL UNITS AT 7 APARTMENT PROJECTS AND 33 RENTAL HOMES, THE RENTAL OF SPACE IN AVENUE CENTER TO OTHER TAX EXEMPT ENTITIES, THE DEVELOPMENT OF A LOW INCOME HOUSING TAX CREDIT APARTMENT PROJECT AND THE COMPLETION OF MAJOR REPAIRS AND IMPROVEMENTS TO PROPERTIES DAMAGED BY THE 2021 WINTER FREEZE.


COMMUNITY INITIATIVES PROGRAM SERVICES- SUPPORTED COMMUNITY BUILDING AND ENGAGEMENT, PROMOTED CIVIC ENGAGEMENT, CULTIVATED RESIDENT LEADERSHIP AND BROUGHT NEIGHBORS TOGETHER TO ADVOCATE FOR COMMUNITY IMPROVEMENTS. BY ENGAGING RESIDENTS, GOVERMENT AGENCIES, COMMUNITY ORGANIZATIONS, BUSINESSES AND OTHER STAKEHOLDERS, AVENUE HELPED RESIDENTS INCREASE PUBLIC AWARENESS AND SAFETY, BEAUTIFY THEIR NEIGBORHOODS, PROMOTE HEALTH AND WELLNESS, IMPROVE EDUCTAIONAL OUTCOMES, AND SUPPORT LOCAL ARTS AND CULTURE.


FAMILY ASSET BUILDING AND OTHER PROGRAMS- AVENUE PROMOTED HOME OWNERSHIP AND FINANCIAL CAPABLITY; ASSISTED FAMILIES AND INDIVIDUALS TO IMPROVE ECONOMIC CIRCUMSTANCES THROUGH HOMEBUYER EDUCATION, FORECLOSURE PREVENTION COUNSELING AND FINANCIAL CAPABILITY TRAINING. PROVIDED HOMEBUYER EDUCATION CLASSES TO 960 INDIVIDUALS AND ASSISTED NUMEROUS CLIENTS WITH THE PURCHASE AND PRESERVATION OF HOMES. IN ADDITION PROVIDED FINACIAL ASSISTANCE TO APPROXIMATELY 70 HOUSEHOLDS IN THE FORM OF DOWN PAYMENT ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Lawler
CEO
$173,423
Bernice Yu
COO
$131,484
Travis Gordon
CFO
$120,675
Cassandra Sivernail
Pres, Director
$0
Jamie Bryant
Vp, Director
$0
Viola Solomon
Sec, Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wells & Son Roofing
Roofing
$140,000
Ymca
Buildout Reimbusements
$331,000
Fca Contruction
Construction
$1,033,594
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,477,528
All other contributions, gifts, grants, and similar amounts not included above$2,260,123
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,737,651
Total Program Service Revenue$7,473,283
Investment income $157,470
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $122,454
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $42,986
Miscellaneous Revenue$0
Total Revenue $11,542,239

Grants Awarded

Over the last fiscal year, Avenue Community Development Coporation has awarded $77,755 in support to 6 organizations.

Grant RecipientAmount

ALL OTHERS EACH UNDER 5000

PURPOSE: IMPROVEMENTS

$29,855

WESLEY COMMUNITY CENTER INC

Org PageRecipient Profile

Houston, TX

PURPOSE: PROGRAM SUPPORT

$12,000

GREATER NORTHSIDE MANAGEMENTDISTRICT

PURPOSE: ORG SUPPORT

$11,000

GREATER NORTHSIDE CHAMBER OF COMMER

PURPOSE: SUPPORT

$10,900

Phoenix, AZ

PURPOSE: OUTREACH

$8,000

YOUNG INVINCIBLES

Org PageRecipient Profile

Washington, DC

PURPOSE: WORKSHOPS

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Avenue Community Development Coporation has recieved totaling $1,478,617.

Awarding OrganizationAmount
United Way Of Greater Houston

Houston, TX

PURPOSE: Disaster

$500,000
Episcopal Health Foundation

Houston, TX

PURPOSE: Support Change in Healthcare Financing

$400,000
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$192,000
Centerpoint Energy Foundation Inc

Houston, TX

PURPOSE: PRESERVATION OF AFFORDABLE HOUSING THROUGH AVENUE'S SOCIAL IMPACT FUND

$125,000
Houston In Action

Houston, TX

PURPOSE: HUMAN SERVICES

$103,592
Rockwell Fund Inc

Houston, TX

PURPOSE: GENERAL OPERATING SUPPORT

$75,000
View Grant Recipient Profile

Endowment Analysis

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