Overview

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Est.

1991

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Avenue Community Development Corporation, identified by EIN 76-0380602, is a nonprofit organization dedicated to housing development and community improvement in Houston. With an operating budget of $16.4 million and total revenue of $15.1 million for the 2024 filing year, the organization focuses on building affordable homes and strengthening communities to enhance the quality of life for working families. Avenue does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission of promoting healthy, vibrant, and economically diverse neighborhoods. For more information, visit AVENUECDC.ORG.

Mission Statement

TO BUILD AFFORDABLE HOMES, OPERATE AFFORDABLE HOUSING PROJECTS AND STRENGTHEN COMMUNITIES. AVENUE IMPROVES COMMUNITIES TO ENHANCE THE QUALITY OF LIFE OF WORKING FAMILIES, AND TO PROMOTE HEALTHY, VIBRANT AND ECONOMICALLY DIVERSE NEIGHBORHOODS TO ENSURE HOUSTON'S FUTURE AS A WORLD CLASS CITY.
Revenues
$15.1M
Expenses
$16.5M
Net Income:
-$1.4M
Assets
$63.7M
Liabilities
$43.6M
Net Assets:
+$20M
Operating Budget
$16.4M
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
20
Median grant size
$62.5K
Largest grant received
$656.5K
M
Mary Lawler
Board Member
K
Karen Briggs Gwin
Board Member
D
David Barron
Board Member

Frequently Asked Questions

What is AVENUE COMMUNITY DEVELOPMENT CORPORATION’s budget?
In 2024, AVENUE COMMUNITY DEVELOPMENT CORPORATION reported an annual operating budget of around $16.4 million. More detailed financial information is available to registered users.
What causes does AVENUE COMMUNITY DEVELOPMENT CORPORATION support?
AVENUE COMMUNITY DEVELOPMENT CORPORATION supports work in Community improvement and Housing development.
Where does AVENUE COMMUNITY DEVELOPMENT CORPORATION operate?
AVENUE COMMUNITY DEVELOPMENT CORPORATION is headquartered in Houston, TX.
Who funded AVENUE COMMUNITY DEVELOPMENT CORPORATION recently?
In 2024, AVENUE COMMUNITY DEVELOPMENT CORPORATION received grants from NEIGHBORHOOD REINVESTMENT CORPORATION, LOCAL INITIATIVES SUPPORT CORPORATION, and Episcopal Health Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant AVENUE COMMUNITY DEVELOPMENT CORPORATION received in 2024?
The largest grant to AVENUE COMMUNITY DEVELOPMENT CORPORATION in 2024 exceeds $656 thousand.
What is AVENUE COMMUNITY DEVELOPMENT CORPORATION’s reliance on government grants?
AVENUE COMMUNITY DEVELOPMENT CORPORATION relied on government grants for more than 10% of their total revenue in 2024.