EIN 41-1558711

Aeon

IRS 501(c) type
501(c)(3)
Num. employees
318
Year formed
1986
Most recent tax filings
2024-12-01
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
$44,429,925
2024
Total expenses
$60,775,809
2024
Total assets
$168,575,474
2024
Num. employees
318
2024

Program areas at Aeon

Rental operations - Aeon owns and operates affordable apartment homes for residents with low or moderate incomes. Each year, Aeon serves residents 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, 2024, 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 connections - 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$490,750
The McKnight FoundationTo Support Operational and Organizational Development$250,000
Opus FoundationTransformation Bridge Plan$150,000
...and 30 more grants received totalling $1,941,062

Financials for Aeon

RevenuesFYE 12/2024
Total grants, contributions, etc.$15,956,347
Program services$27,299,454
Investment income and dividends$1,202,077
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-52,149
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$24,196
Total revenues$44,429,925
Data update history
September 19, 2026
Received grants
Identified 3 new grant, including a grant for $490,750 from NeighborWorks America
June 21, 2026
Received grants
Identified 8 new grant, including a grant for $100,000 from Turner Family Foundation
April 21, 2026
Received grants
Identified 17 new grant, including a grant for $250,000 from The McKnight Foundation
April 1, 2026
Posted financials
Added Form 990 for fiscal year 2024
February 26, 2026
Updated personnel
Identified 4 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousingHomelessness
Characteristics
Legally formed as corporationLobbyingFundraising eventsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
901 N Third St 150
Minneapolis, MN 55401
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
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
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0277083
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2026-08-19
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