Overview

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Est.

1986

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

AEON is a nonprofit organization dedicated to housing development, with a mission to create and sustain quality affordable homes that strengthen lives and communities. Operating with a budget of $60.8 million and generating total revenue of $44.4 million, AEON focuses on acquiring, improving, and preserving decent, safe, and affordable housing for very low, low, and moderate-income individuals. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its community-responsive initiatives. For more information, visit www.aeon.org.

Mission Statement

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; REMAINING RESPONSIBLE AND RESPONSIVE TO THE COMMUNITY, NEIGHBORHOODS AND RESIDENTS IT SERVES.
Revenues
$44.4M
Expenses
$60.8M
Net Income:
-$16.3M
Assets
$168.6M
Liabilities
$234.5M
Net Assets:
-$65.9M
Operating Budget
$60.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
34
Median grant size
$27.5K
Largest grant received
$514.8K
G
Gregory Stegeman
Board Member
S
Sareoun Earm
Board Member
J
Jackie Foster
Board Member

Frequently Asked Questions

What is AEON’s budget?
In 2024, AEON reported an annual operating budget of around $60.8 million. More detailed financial information is available to registered users.
What causes does AEON support?
AEON supports work in Housing development.
Where does AEON operate?
AEON is headquartered in Minneapolis, MN.
Who funded AEON recently?
In 2025, AEON received grants from HUGH J ANDERSEN FOUNDATION, TARGET FOUNDATION, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant AEON received in 2024?
The largest grant to AEON in 2024 exceeds $515 thousand.
What is AEON’s reliance on government grants?
AEON relied on government grants for more than 25% of their total revenue in 2024.