Cincinnati, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Avondale Development Coroporation, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $836K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 79% operating deficit.
Avondale Development Corporation the Organization was incorporated and commenced operations as a 501c 3 nonprofit organization in 2011 to serve the Avondale Community the largest African American neighborhood in Cincinnati to improve the quality of life of the neighborhood through real estate development and community engagement. The Organization's support comes primarily from donations from individuals, businesses, organizations, and government grants.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $836,223 | $1,212,306 | -0.3% |
| Expenses | $1,500,758 | $668,905 | +1.2% |
| Net Income | $-664,535 | $543,401 | -2.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Russell Hairston | Executive Dir. | 40.00 |
Director
|
$122,226 | $0 | $122,226 |
| Derek McCain | N/A | 40.00 |
|
$109,280 | $0 | $109,280 |
| Patrick Cartier | Manager Communications outreach | 40.00 |
|
$76,532 | $0 | $76,532 |
| Mark Fisher | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Belinda Tubbs-Wallace | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Morag Adlon | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Antoinette Selvey-Maddox | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Tony Moore | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Tamara Lang | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Rosemary Oglesby | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Brian Groemminger | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Dean Owen Thompson | Trustee | 0.00 |
Director
|
$0 | $0 | $0 |
| Henry Brown | Trustee | 4.00 |
Officer
|
$0 | $0 | $0 |
| Royce Sutton | Chairman | 1.00 |
Officer
|
$0 | $0 | $0 |
| Markiea Carter | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Vincent 0 Terry | Vice President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $836,223 | $1,500,758 | $448,497 | $-664,535 |
| 2023 | $906,019 | $1,500,446 | $1,280,591 | $-594,427 |
| 2022 | $1,212,306 | $668,905 | $4,023,756 | $543,401 |
| 2021 | $1,081,102 | $1,001,703 | $2,935,255 | $79,399 |
| 2020 | $661,145 | $813,220 | $484,386 | $-152,075 |
| 2019 | $931,976 | $807,414 | $557,637 | $124,562 |
| 2018 | $645,575 | $738,206 | $397,119 | $-92,631 |
Compare Avondale Development Coroporation with other nonprofits in Ohio and across the country.