Overview
What is Aeon?
Aeon is a Minneapolis-based nonprofit organization dedicated to providing affordable housing solutions for individuals and families with low to moderate incomes. With a presence across 60 properties in the Twin Cities Metro Region of Minnesota, Aeon serves over 17,000 people each year, including those who have experienced homelessness, seniors, people with mental and chemical health issues, and others facing housing instability. Their mission is to create and sustain quality affordable homes that strengthen lives and communities. Aeon acquires, improves, and preserves decent, safe, and affordable housing for very low, low, and moderate income persons, ensuring responsibility and responsiveness towards the communities, neighborhoods, and residents it serves. Their workforce comprises 362 employees.
Official website here: www.aeon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Aeon has received a solid Three-Star rating from Charity Navigator, reflecting strong accountability and financial practices. The organization excels in having a fully independent board and effective oversight mechanisms in place, which contributes to its overall positive score. The high program expense ratio indicates that a significant portion of their funds is directed toward their mission of providing affordable housing.
User reviews present a mixed picture of Aeon's on-the-ground operations. While many volunteers highlight their rewarding experiences and the organization's dedication to its residents, there are notable concerns regarding management practices, particularly in specific housing facilities. Some residents have reported issues with property management, including inadequate responses to maintenance requests and difficulties with eviction processes, indicating that the organization's effectiveness may vary by location.
Despite some criticisms, Aeon has cultivated a positive reputation among its volunteers and supporters, who appreciate the organization's mission and the impact it has on community members. The dedication of both volunteers and staff is frequently praised, suggesting that Aeon plays a meaningful role in the lives of many individuals seeking affordable housing and support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Aeon legitimate?
Aeon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aeon 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: $1,327,680
Professional Fundraising Fees: $92,526
Other Salaries and Wages: $8,553,090
For more financial information, click here
Official website here: www.aeon.org
What is the mission statement of Aeon?
Aeon is dedicated to creating and maintaining affordable homes that enhance lives and communities. Through their acquisitions, improvements, and preservations, they provide decent, safe, and affordable housing for individuals with low to moderate incomes. This organization remains committed to its community, responding to the needs of its residents, which include those who have experienced homelessness, seniors, people with mental and chemical health issues, and others facing housing stability challenges. Each year, Aeon serves over 17,000 people across 60 properties.
Official website here: www.aeon.org
Who is the CEO of Aeon?
Eric Anthony Johnson is the Board Chairperson of Aeon. The CEO's salary of Aeon is $157,600 and their total compensation is $175,213.
Official website here: www.aeon.org
What is the revenue of Aeon?
Aeon's revenue in 2022 was $34,793,622.
Official website here: www.aeon.org
Who are the executives of Aeon and what are their salaries?
The average compensation at Aeon during 2022 was $27,295. There are 362 employees and 369 volunteers at Aeon.
Here are 28 key members and their salaries (Aeon's CEO's salary is $157,600 and their total compensation is $175,213):
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- Compensation: $157,600
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- Compensation: $132,627
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- Compensation: $131,345
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- Compensation: $125,552
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- Other: $12,855
- Compensation: $119,349
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- Other: $12,888
Official website here: www.aeon.org
Where can I find the form 990 for Aeon?
Aeon's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aeon.org
Learn more at the official website: www.aeon.org
Mission Statement of Aeon
Aeon, a renowned nonprofit organization, is dedicated to creating and maintaining quality, affordable homes that significantly enhance lives and foster vibrant communities. Through its mission, Aeon acquires, improves, and preserves decent, safe, and affordable housing units for individuals with very low, low, and moderate incomes. The organization prides itself on its commitment to the communities and residents it serves, remaining responsive and responsible in its operations.
In the realm of rental housing, Aeon owns and manages affordable apartment homes, providing shelter for over 17,000 people annually across 60 properties in the Twin Cities Metropolitan Area of Minnesota. The organization's residents include a diverse population, such as those who have experienced homelessness, youth, seniors, and individuals with mental and chemical health issues, among others. By offering affordable housing options, Aeon plays a crucial role in promoting housing stability and improving the overall well-being of its residents.
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Impact
October, 2024
Aeon plays a crucial role in enhancing the lives of individuals and strengthening communities by providing quality affordable housing. Each year, the organization reaches over 17,000 residents across 60 properties in the Twin Cities metro region of Minnesota, specifically focusing on those with low or moderate incomes. This includes individuals who have faced homelessness, seniors, youth, and those dealing with mental and chemical health challenges.
By owning and operating affordable apartment homes, Aeon ensures access to stable housing for some of society's most vulnerable populations. The organization not only acquires and preserves safe and decent housing but also actively improves living conditions, contributing to residents' overall well-being and stability. Furthermore, Aeon's commitment to the community ensures that the needs of those it serves remain a priority, fostering a sense of belonging and empowerment. This multifaceted impact highlights the importance of affordable housing in cultivating resilient communities and enhancing the quality of life for many individuals.
This information is meant to be a general summary of Aeon. 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: $618,627
- Program Service Revenue: $26,101,415
- Gross Receipts: $34,856,903
Assets and Liabilities:
- Total Assets: $203,603,573
- Total Liabilities: $214,263,326
- Net Assets: -$10,659,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OPERATIONS
Revenue
$20,804,440
MANAGEMENT FEES
Revenue
$2,990,562
DEVELOPER FEES AND ACQ
Revenue
$2,180,357
INVESTMENT IN OTHER EN
Revenue
$126,056
Organization Details
Founding Year
1986
Phone
(612) 341-3148Principal Officer
Eric Anthony Johnson
Main Address
901 NORTH THIRD STREET 150, MINNEAPOLIS, MN, 55401
Website
www.aeon.orgNTEE Category
Code: L20Z - Housing
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