Avalon Second Nonprofit Housing Corporation

Analysis

Avalon Second Nonprofit Housing Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avalon Second Nonprofit Housing Corporation reported income of $657k and spending of $704k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $520k to $657k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Avalon Second Nonprofit Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Madison Senior Citizen Housing Corporation ($657k), Murray Ridge Housing Corporation ($657k) and Edna-Islay Housing Corporation ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 74% of the total. Other salaries and wages came to $104k. At year end it held assets of $6.4m against liabilities of $7.3m, net assets of -$977k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.