Overview
What is Avalon Second Nonprofit Housing Corporation?
Avalon Second Nonprofit Housing Corporation, located in Ann Arbor, Michigan, is a dedicated organization focused on addressing housing affordability issues for low-income individuals. Believing in housing as a fundamental human right, they develop, own, and manage affordable housing units for those with low wages or fixed incomes. Their mission extends beyond just providing shelter, as they contract for supportive services to help residents maintain housing stability, foster self-determination, and foster community building. They aim to develop supportive housing in various locations within Washtenaw County and surrounding areas, responding to identified needs and opportunities.
Official website here: www.avalonhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Avalon Second Nonprofit Housing Corporation has received an 81% rating, indicating solid performance in terms of accountability and finance. This score is derived entirely from their accountability metrics, showcasing a strong commitment to governance and financial integrity. The organization marked a perfect score for having a fully independent board and effective oversight practices.
The nonprofit stands out with a high program expense ratio of 96.51%, reflecting a strong focus on utilizing funds directly for its mission rather than administrative costs. This is complemented by their well-structured policies, including conflict of interest and whistleblower policies, which enhance transparency and ethical standards. The presence of comprehensive audit and oversight practices demonstrates their commitment to responsible financial management.
While the organization has performed well in various financial metrics, the rating is based solely on accountability and finance, and does not encompass other operational areas. This singular focus may limit a broader understanding of the nonprofit's overall impact and effectiveness in fulfilling its mission. Nevertheless, Avalon Second Nonprofit Housing Corporation shows a solid foundation for operational excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Avalon Second Nonprofit Housing Corporation legitimate?
Avalon Second Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avalon Second Nonprofit Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,309
For more financial information, click here
Official website here: www.avalonhousing.org
What is the mission statement of Avalon Second Nonprofit Housing Corporation?
Avalon Second Nonprofit Housing Corporation's mission is centered around providing affordable housing for low-income individuals, including those with low wage employment or fixed incomes. They believe that housing is a fundamental right and strive to maintain this belief through their operations. The corporation contracts for supportive services for adults and children living in supportive housing, with the aim of helping them achieve housing stability, increase self-determination, and build a sense of community. Furthermore, Avalon Second Nonprofit Housing Corporation aims to develop supportive housing in various locations, responding to identified needs and opportunities within the community.
Official website here: www.avalonhousing.org
Who is the CEO of Avalon Second Nonprofit Housing Corporation?
Aubrey Patino is the President of Avalon Second Nonprofit Housing Corporation.
Official website here: www.avalonhousing.org
What is the revenue of Avalon Second Nonprofit Housing Corporation?
Avalon Second Nonprofit Housing Corporation's revenue in 2022 was $619,355.
Official website here: www.avalonhousing.org
Who are the executives of Avalon Second Nonprofit Housing Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.avalonhousing.org
Where can I find the form 990 for Avalon Second Nonprofit Housing Corporation?
Avalon Second Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avalonhousing.org
Learn more at the official website: www.avalonhousing.org
Mission Statement of Avalon Second Nonprofit Housing Corporation
Avalon Second Nonprofit Housing Corporation, a dedicated organization, is committed to a mission that revolves around providing affordable housing for low-income individuals. This includes those with limited wages or fixed incomes. The corporation believes that housing is a fundamental human right and strives to develop, own, and manage permanent leased housing units to cater to this demographic. Their goal is not just to provide housing, but to foster a sense of stability, self-determination, and community among its residents.
To achieve these objectives, Avalon Second Nonprofit Housing Corporation contracts for supportive services for adults and children living in their supportive housing facilities. The aim is to help these individuals maintain their housing stability, enhance their self-determination, and build a sense of community. The organization is proactive in identifying needs and opportunities within Washtenaw County and surrounding areas, and seeks to develop supportive housing in various locations to cater to these needs.
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Impact
July, 2024
Avalon Second Housing Corporation's impact lies in its dedication to developing, renovating, and managing low-income housing units. By providing affordable housing options to low-income individuals, including those with low-wage employment or fixed incomes, Avalon Second contributes to addressing the housing needs of vulnerable populations. Their belief that housing is a human right drives their mission to ensure housing stability, increase self-determination, and build community among adults and children living in supportive housing. Furthermore, by offering supportive services and seeking to develop such housing in various locations within Washtenaw County and surrounding areas, Avalon Second Housing Corporation actively responds to identified needs and opportunities in the community.
This information is meant to be a general summary of Avalon Second Nonprofit Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,808
- Program Service Revenue: $453,784
- Gross Receipts: $619,355
Assets and Liabilities:
- Total Assets: $6,243,766
- Total Liabilities: $7,173,739
- Net Assets: -$929,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$453,784
Organization Details
Founding Year
2001
Phone
(734) 663-5858Principal Officer
Aubrey Patino
Main Address
1327 JONES DRIVE SUITE 102, ANN ARBOR, MI, 48105
Website
www.avalonhousing.orgNTEE Category
Code: L20 - Housing
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