Overview
What is Avenue Community Development Corporation?
The Avenue Community Development Corporation is a Houston, Texas-based nonprofit organization with a mission to invest in people, homes, and communities to promote equity and opportunity for all Houstonians. They specialize in affordable housing, with a portfolio consisting of 869 multi-family units across 14 properties and 35 scattered site units. Their work extends beyond just housing, as they also rent out space to tax-exempt entities and develop low-income housing tax credit apartment projects. Avenue's goal is to ensure Houstonians have access to quality homes in healthy, vibrant neighborhoods, contributing to the city's future as a world-class urban area. Their dedicated team of 51 employees work towards achieving this vision.
Official website here: www.avenuecdc.org
What are the reviews and ratings of this charity?
Charity Navigator rates Avenue Community Development Corporation at 87%, giving it a Three-Star out of Four Star rating. This score indicates a solid performance in accountability and finance, particularly with a high score of 84 in that category. The organization's commitment to transparency is illustrated by its independent board members and strong financial oversight practices.
The nonprofit excels in its culture and community efforts, earning a perfect score of 100 in this area. It shows a strong dedication to equity strategies and actively collects and utilizes feedback, which reflects a responsive and community-focused approach. The program expense ratio of 88.32% suggests that a significant portion of its funding is directed toward its programs.
While the organization performs well overall, the lower score in culture and community at 17% compared to its finance score indicates room for improvement in community engagement or perception. However, the high ratings in specific accountability metrics underscore its reliability and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Avenue Community Development Corporation legitimate?
Avenue Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avenue Community Development 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: $999,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,541,688
For more financial information, click here
Official website here: www.avenuecdc.org
What is the mission statement of Avenue Community Development Corporation?
The Avenue Community Development Corporation aims to invest in people, homes, and communities to promote equity and opportunity for all residents. Their mission is to ensure that individuals have the chance to live in quality homes in healthy, vibrant, and inclusive neighborhoods. Through affordable housing programs, they provide housing for low-income and moderate-income families and individuals, as well as improvements to existing properties. This includes the management of 869 multi-family units, 35 scattered site units, rental space to tax-exempt entities, and the development of a low-income housing tax credit apartment project.
Official website here: www.avenuecdc.org
Who is the CEO of Avenue Community Development Corporation?
Karen Briggs Gwin is the Ceo of Avenue Community Development Corporation. The CEO's salary of Avenue Community Development Corporation is $204,638 and their total compensation is $238,813.
Official website here: www.avenuecdc.org
What is the revenue of Avenue Community Development Corporation?
Avenue Community Development Corporation's revenue in 2022 was $13,725,798.
Official website here: www.avenuecdc.org
Who are the executives of Avenue Community Development Corporation and what are their salaries?
The average compensation at Avenue Community Development Corporation during 2022 was $69,433. There are 51 employees and 1200 volunteers at Avenue Community Development Corporation.
Here are 25 key members and their salaries (Avenue Community Development Corporation's CEO's salary is $204,638 and their total compensation is $238,813):
- Compensation: $204,638
- Related: $0
- Other: $34,175
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $137,170
- Related: $0
- Other: $12,321
- Compensation: $131,042
- Related: $0
- Other: $11,769
- Compensation: $113,387
- Related: $0
- Other: $10,180
- Compensation: $104,435
- Related: $0
- Other: $11,200
- Compensation: $103,179
- Related: $0
- Other: $9,965
- Compensation: $102,870
- Related: $0
- Other: $9,234
- Compensation: $102,685
- Related: $0
- Other: $14,036
Official website here: www.avenuecdc.org
Where can I find the form 990 for Avenue Community Development Corporation?
Avenue Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avenuecdc.org
Learn more at the official website: www.avenuecdc.org
Mission Statement of Avenue Community Development Corporation
Avenue Community Development Corporation, or AVENUE, is a mission-driven organization dedicated to investing in people, homes, and communities in Houston to advance equity and opportunity for all. Their ultimate vision is for Houstonians to have the opportunity to live in quality homes in healthy, vibrant, and inclusive neighborhoods, contributing to Houston's future as a world-class city.
To bring this vision to life, AVENUE focuses on affordable housing. They purchase and develop homes for rent and sale to low-income and moderate-income families and individuals. This includes the rental and operation of 869 multi-family units across 14 properties and 35 scattered site units. Additionally, they rent out space in Avenue Center to tax-exempt entities and develop low-income housing tax credit apartment projects.
AVENUE's efforts extend beyond providing affordable homes. They aim to create thriving neighborhoods where people can build their lives. Their commitment to equity and opportunity means they prioritize the needs of those who might not otherwise have access to quality housing. By investing in communities and individuals, AVENUE plays a vital role in enhancing the lives of Houstonians and ensuring a strong future for the city.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Avenue Community Development Corporation significantly enhances the quality of life for residents in Houston by focusing on affordable housing and community development. By investing in people, homes, and neighborhoods, Avenue works to advance equity and opportunity for all Houstonians.
One of the key impacts of Avenue is its commitment to affordable housing initiatives. The organization effectively manages 869 multi-family units across 14 properties, complemented by 35 scattered site units. This substantial provision of housing helps to alleviate housing shortages for low and moderate-income families, providing them with a stable and secure living environment.
In addition to housing, Avenue emphasizes community wellbeing by operating the Avenue Center, which offers space to various tax-exempt entities. This not only contributes to the local economy but also strengthen community ties by facilitating access to multiple services and resources.
Avenue’s mission fosters a vision where all Houstonians can live in quality homes within vibrant neighborhoods. Their holistic approach addresses both immediate housing needs and long-term community health—ensuring that residents have access to the necessary support systems and amenities that enhance their overall quality of life. Through these efforts, Avenue is actively shaping a healthier, more inclusive Houston, ultimately positioning the city as a world-class community.
This information is meant to be a general summary of Avenue Community Development 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: $170,121
- Program Service Revenue: $9,809,630
- Gross Receipts: $14,106,940
Assets and Liabilities:
- Total Assets: $86,609,571
- Total Liabilities: $61,605,702
- Net Assets: $25,003,869
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$5,300,358
HOMEBUYER ASSISTANCE PROGRAM
Revenue
$3,985,507
EDUCATION AND OTHER
Revenue
$212,257
APARTMENT MANAGEMENT
Revenue
$138,817
SUPPORTIVE SERVICES
Revenue
$86,591
Organization Details
Founding Year
1991
Phone
(713) 864-8099Principal Officer
Karen Briggs Gwin
Main Address
3517 IRVINGTON BLVD, HOUSTON, TX, 77009
Website
www.avenuecdc.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Avenue Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.