EIN 76-0380602

Avenue

IRS 501(c) type
501(c)(3)
Num. employees
51
State
Year formed
1991
Most recent tax filings
2022-12-01
Description
Avenue CDC builds affordable homes and strengthens communities in Houston through programs promoting homeownership, financial capability, and community engagement.
Also known as...
Avenue Community Development Corporation
Total revenues
$13,725,798
2022
Total expenses
$16,923,376
2022
Total assets
$86,609,571
2022
Num. employees
51
2022

Program areas at Avenue

Affordable housing program services - expenditures relating to the purchase and Development of affordable housing for rent and sales to low income and moderate income families and individuals and improvements to existing properties. This activity included the rental and operations of 869 multi-family units located within 14 properties, and 35 scattered site units, the rental of space in Avenue center to other tax exempt entities, and the Development of a low income housing tax credit apartment project.
Family asset building and other programs - Avenue promoted homeownership; assisted families and individuals to obtain homeownership and improve their financial stability through homebuyer education classes, pre-purchase counseling, post purchase counseling & workshops, and foreclosure intervention counseling. Provided homebuyer education to 889 households, created 400 new homeowners, and assisted 54 households in obtaining a positive outcome preserving their homes. In addition provided financial assistance to 245 households in the form of down payment assistance.
Community initiatives program services - supported Community building and engagement, promoted civic engagement, cultivated resident leadership and brought neighbors together to advocate for Community improvements. By engaging residents, goverment agencies, Community organizations, businesses and other stakeholders, Avenue helped residents increase public awareness and safety, beautify their neigborhoods, promote health and wellness, improve eductaional outcomes, and support local arts and culture.

Grants made by Avenue

GranteeGrant descriptionAmount
Neighborworks WacoHomeownership Promotion$3,645,000

Who funds Avenue

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$824,527
Episcopal Health FoundationRaise Community Voices$600,000
NeighborWorks AmericaGeneral Support$599,404
...and 15 more grants received

Personnel at Avenue

NameTitleCompensation
Mary LawlerChief Executive Officer$204,638
Bernice YuChief Operating Officer$131,484
Karen Briggs GwinChief Financial Officer
Cindy TesslerVice President , Programs and Operations$102,870
Darla BerryVice President , Fund Development$113,387
...and 13 more key personnel

Financials for Avenue

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,536,999
Program services$9,809,630
Investment income and dividends$170,121
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$188,903
Net income from gaming activities$0
Net income from sales of inventory$-13,449
Miscellaneous revenues$33,594
Total revenues$13,725,798

Form 990s for Avenue

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-11990View PDF
2020-122021-11-12990View PDF
2019-122021-04-05990View PDF
2018-122020-09-01990View PDF
...and 11 more Form 990s
Data update history
July 25, 2024
Used new vendors
Identified 1 new vendor, including
July 13, 2024
Received grants
Identified 5 new grant, including a grant for $824,527 from Local Initiatives Support Corporation
December 29, 2023
Received grants
Identified 8 new grant, including a grant for $600,000 from Episcopal Health Foundation
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
3517 Irvington Blvd
Houston, TX 77009
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
avenuecdc.org/ 
Phone
(713) 864-8099
IRS details
EIN
76-0380602
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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