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Avenue Community Development Corporation

Avenue Community Development Corporation

Houston, TX 77009
Tax ID76-0380602

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About this organization

Revenue

$8,586,238

Expenses

$7,346,742

Website

avenuecdc.org

Mission

Avenue's mission is to invest in people, homes and communities to advance equity and opportunity for all Houstonians.

About

Expenditures relating to the development of affordable housing for rent and purchase by low-income and moderate-income families and individuals, including building new homes and apartment complexes, and rehabilitating residential properties. Engaged in development work on numerous rental units and the construction and sale of single family homes. Repaired 92 homes damaged by Hurricane Harvey and/or owned by elderly, disabled, or low-income homeowners.

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “Build affordable homes and strengthen communities”.

When discussing its purpose, they were characterized as: “To build affordable homes and 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.”.

  • The state in which the non-profit is legally authorized to operate is TX, as reported.
  • The filing confirms that the non-profit's address in 2020 was 2505 WASHINGTON STE 400, HOUSTON, TX, 77007.
  • The form of the non-profit reports 62 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,239,496.
  • The remuneration of the CEO of the organization is based on an independent review and approval process.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 12 independent voting members.
  • The organization has a professional fund raiser.
  • The organization was formed in 1991.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $2,658,160 in salary, compensation, and benefits to its employees.
  • The organization pays $445,815 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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