Overview
What is Avondale Development Coroporation?
Avondale Development Corporation, established in 2011 as a 501c 3 nonprofit organization, is dedicated to uplifting the Avondale Community, the largest African American neighborhood in Cincinnati, Ohio. Their primary mission is to enhance the neighborhood's quality of life by focusing on real estate development and community engagement. They achieve this by fostering effective communication with local residents, businesses, and property owners, inviting their participation in redevelopment initiatives. They employ various outreach methods, such as community engagement sessions and print and digital media, to connect and engage with their community. The organization's funding primarily comes from donations from individuals, businesses, organizations, and government grants. With a team of five dedicated individuals, Avondale Development Corporation is committed to making meaningful improvements in the Avondale Community.
Official website here: www.growavondale.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Avondale Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score of 79%. This rating is based entirely on their Accountability & Finance score, reflecting a strong commitment to financial integrity and governance practices. The organization has a fully independent board, which enhances its credibility and transparency.
The strengths of Avondale Development Corporation include high scores for board independence, financial oversight, and adherence to policies regarding conflicts of interest, whistleblowers, and document retention. The organization has successfully avoided material diversion of assets and maintains a good level of program expenses, indicating that a significant portion of its financial resources is directed toward its programs.
However, the organization's rating is somewhat limited by its liabilities to assets ratio, which received no points, indicating potential concerns regarding financial stability. Additionally, while the organization has established various policies, it has not posted its tax form on its website as required. This lack of transparency in available financial documents may be a limitation for potential donors who seek comprehensive financial information.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Avondale Development Coroporation?
88% of the 22 reviewers on Facebook recommend the Avondale Development Corporation. Here is a summary of their reviews:
Many supporters appreciate the thriving neighborhoods that the nonprofit has fostered within Avondale, highlighting the positive impact on the community's aesthetics and livability. Commenters often express satisfaction with the organization's efforts to enhance the area, showcasing a strong sense of pride in local developments.
Overall, there is a consensus that the Avondale Development Corporation is making a valuable contribution to the community, with users feeling optimistic about the future direction of the neighborhood under its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Avondale Development Coroporation legitimate?
Avondale Development Coroporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avondale Development Coroporation 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: $54,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,360
For more financial information, click here
Official website here: www.growavondale.org
What is the mission statement of Avondale Development Coroporation?
Avondale Development Corporation, established as a 501c 3 nonprofit organization in 2011, aims to enhance the quality of life in its community, which is predominantly African American and located in Cincinnati. The organization primarily relies on donations from individuals, businesses, organizations, and government grants to fund its mission. Its primary goal is to improve the neighborhood through real estate development and community engagement. The corporation seeks to serve its community by fostering a sense of improvement and growth, ultimately aiming to create a better living environment for its residents.
Official website here: www.growavondale.org
Who is the CEO of Avondale Development Coroporation?
Russell Hairston is the Executive Dir. of Avondale Development Coroporation.
Official website here: www.growavondale.org
What is the revenue of Avondale Development Coroporation?
Avondale Development Coroporation's revenue in 2022 was $1,212,306.
Official website here: www.growavondale.org
Who are the executives of Avondale Development Coroporation and what are their salaries?
The average compensation at Avondale Development Coroporation during 2022 was $46,605. There are 5 employees at Avondale Development Coroporation.
Here are 17 key members and their salaries:
- Compensation: $110,062
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- Compensation: $49,239
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Official website here: www.growavondale.org
Where can I find the form 990 for Avondale Development Coroporation?
Avondale Development Coroporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growavondale.org
Learn more at the official website: www.growavondale.org
Mission Statement of Avondale Development Coroporation
Avondale Development Corporation, established in 2011 as a 501c 3 nonprofit organization, was inaugurated with a mission to uplift the Avondale Community, the largest African American neighborhood in Cincinnati. Their objective is to enhance the neighborhood's quality of life through strategic real estate development and active community engagement. This mission is primarily sustained by financial support from various sources, including individual donations, businesses, organizations, and government grants. The organization's mission is geared towards fostering a sense of improvement and prosperity within the Avondale Community, ultimately contributing to its overall well-being.
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Impact
July, 2024
Avondale Development Corporation has made a significant impact on the Avondale community in Cincinnati by working towards improving the quality of life through real estate development and community engagement. The organization has effectively reached out to residents and businesses in Avondale, encouraging their active participation in redevelopment initiatives. Through various forms of messaging and community engagement sessions, Avondale Development Corporation has successfully connected with the community and fostered a sense of ownership and collaboration in creating a better neighborhood. The organization's efforts have been instrumental in driving community improvement and fostering positive change in Avondale.
This information is meant to be a general summary of Avondale Development Coroporation. 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.
- Program Service Revenue: $1,035,591
- Gross Receipts: $1,212,306
Assets and Liabilities:
- Total Assets: $4,023,756
- Total Liabilities: $3,179,883
- Net Assets: $843,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Service
Revenue
$62,500
Real Estate Development
Revenue
$973,091
Organization Details
Founding Year
2011
Phone
(513) 861-2232Principal Officer
Russell Hairston
Main Address
3635 Reading Road 200, Cincinnati, OH, 45229
Website
www.growavondale.orgNTEE Category
Code: S31 - Community improvement
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