AVALON SECOND NONPROFIT HOUSING CORPORATION

EIN: 141977260 501(c)(3) Housing & Shelter

ANN ARBOR, MI

Total Revenue
$667,043
Total Expenses
$852,061
Total Assets
$6,185,465
Net Assets
$-1,161,693
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MI
Principal Officer
AARON COOPER
Phone
7346635858
Tax Period
2024-01-01 to 2024-12-31

AVALON SECOND NONPROFIT HOUSING CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $667K in total revenue in fiscal year 2024. Expenses of $852K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF AVALON SECOND NONPROFIT HOUSING CORPORATION IS TO DEVELOP, OWN, AND/OR MANAGE PERMANENT LEASED HOUSING THAT IS AFFORDABLE TO LOW- INCOME PEOPLE,INCLUDING THOSE WITH LOW WAGE EMPLOYMENT OR IN FIXED INCOMES. AVALON SECOND NONPROFIT HOUSING CORPORATION BELIEVES THAT HOUSING IS A HUMAN RIGHT. AVALON SECOND NONPROFIT HOUSING CORPORATION CONTRACTS FOR SUPPORTIVE SERVICES FOR ADULTS AND CHILDREN LIVING IN SUPPORTIVE HOUSING WITH THE GOALS OF HELPING THEM MAINTAIN HOUSING STABILITY, INCREASE SELF- DETERMINATION AND BUILD COMMUNITY. AVALON SECOND NONPROFIT HOUSING CORPORATION SEEKS TO DEVELOP SUPPORTIVE HOUSING IN A VARIETY OF LOCATIONS WITHIN WASHTENAW COUNTY AND OUTLYING AREAS IN RESPONSE TO IDENTIFIED NEEDS AND OPPORTUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $102,783
Program Service Revenue $526,645
Investment Income $37,615
Other Revenue $0
TOTAL REVENUE $667,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,208
Fundraising Expenses $0
Program Expenses $828,690
Other Expenses $668,853
TOTAL EXPENSES $852,061

Year-over-Year Comparison

2024 2023 Change
Revenue $667,043 $656,953 +0.0%
Expenses $852,061 $703,655 +0.2%
Net Income $-185,018 $-46,702 +3.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BRUDER TREASURER 1.00
Officer Director
$0 $0 $0
LINDA REXER SECRETARY 1.00
Officer Director
$0 $0 $0
JEREMY LAPEDIS PRESIDENT 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $667,043 $852,061 $6,185,465 $-185,018
2023 $656,953 $703,655 $6,352,375 $-46,702
2022 $619,355 $666,419 $6,243,766 $-47,064
2021 $555,017 $575,672 $6,255,378 $-20,655
2020 $610,149 $555,503 $6,193,047 $54,646
2019 $520,261 $603,019 $6,217,357 $-82,758
2018 $495,270 $581,038 $6,316,403 $-85,768
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AVALON SECOND NONPROFIT HOUSING CORPORATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.