EIN 41-1558711

Aeon

IRS 501(c) type
501(c)(3)
Num. employees
362
Year formed
1986
Most recent tax filings
2022-12-01
Description
Each day, more than 14,000 Minnesotans experience homelessness, creating an urgent need for affordable housing with structured support. Aeon’s mission is to create and sustain quality affordable homes that strengthen lives and communities. Our vision is that every person has a home and is interconnected within community. Having a personal place where people feel safe and connected is transformational – a stabilizing force for individuals and communities. We are committed to fostering a respectful, caring culture with responsive property management and affordable rent.
Total revenues
$34,793,622
2022
Total expenses
$50,323,803
2022
Total assets
$203,603,573
2022
Num. employees
362
2022

Program areas at Aeon

Rental operations - Aeon owns and operates affordable apartment homes for residents with low or moderate incomes. Each year, Aeon services more than 17,000 people across 60 properties in the twin cities metro region of Minnesota. Residents include people who have experienced homelessness, youth, seniors, people with mental and chemical health issues, and others who face challenges maintaining housing stability.
Property management - Aeon manages most of the properties it owns, ensuring apartment homes are quality homes for the long-term, while building positive relationships with residents. As of december 31, 2022, Aeon manages 50 properties across the twin cities metro region.
Housing development - Aeon expands affordable housing through new construction and acquisitions. We currently have almost 6,000 homes across 60 properties in the twin cities metro region.
Resident services - many residents come to Aeon with a variety of challenges and lived experiences. Resident services provides support to start addressing barriers and help residents successfully maintain their housing. This is done through 1) community service providers, who provide 1:1 case management to residents with significant challenges to maintaining housing stability; and 2) Aeon's resident connections team, which help residents maintain housing by assisting them to access basic needs, building community, and fostering leadership.

Who funds Aeon

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$573,500
The McKnight FoundationFor General Operating Support, and To Strengthen Capacity To Advocate For, Acquire, Rehabilitate, and Stabilize Affordable Housing$300,000
Otto Bremer Trust (OBT)Aeon General Operations$110,000
...and 37 more grants received totalling $2,010,427

Personnel at Aeon

NameTitleCompensation
Eric Anthony JohnsonChief Executive Officer$255,414
Caroline HortonChief Financial Officer$215,000
Martha NevanenChief Marketing Officer$0
Virginia BrownChief Transformation Officer$178,172
Leslie GoedkenSenior Vice President, Development and Capital
...and 24 more key personnel

Financials for Aeon

RevenuesFYE 12/2022
Total grants, contributions, etc.$8,136,861
Program services$26,101,415
Investment income and dividends$618,627
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-63,281
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$34,793,622

Form 990s for Aeon

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-07990View PDF
2022-122023-09-12990View PDF
2020-122021-11-15990View PDF
2019-122021-02-19990View PDF
2018-122019-10-31990View PDF
...and 9 more Form 990s

Organizations like Aeon

OrganizationLocationRevenue
LA Family Housing CorpNorth Hollywood, CA$106,519,501
ShelterCareEugene, OR$11,384,976
Bethany House ServicesCincinnati, OH$11,442,114
People's City Mission Attn R Thomas BarberLincoln, NE$20,265,080
Lighthouse MiPontiac, MI$30,279,026
WesthabYonkers, NY$111,319,786
ShelterConcord, CA$23,710,873
DuPage PadsWheaton, IL$10,468,502
St Matthews HouseNaples, FL$35,442,941
Fresno Rescue MissionFresno, CA$9,130,835
Data update history
February 3, 2024
Received grants
Identified 11 new grant, including a grant for $300,000 from The McKnight Foundation
October 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 5 new personnel
October 24, 2023
Received grants
Identified 6 new grant, including a grant for $573,500 from NeighborWorks America
October 23, 2023
Used new vendors
Identified 9 new vendors, including , , , , , , , , and
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousingHomelessness
Characteristics
LobbyingFundraising eventsReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
901 N Third St 150
Minneapolis, MN 55401
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
aeon.org/ 
Phone
(612) 341-3148
Facebook page
AeonMN 
Twitter profile
@aeonmn 
IRS details
EIN
41-1558711
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L41: Homeless, Temporary Shelter
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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