AVENUE COMMUNITY DEVELOPMENT CORPORATION (EIN 760380602) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

KAREN BRIGGS GWIN

Phone

7138648099

Tax Period

2023-01-01 to 2023-12-31

AVENUE COMMUNITY DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.0M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $13.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

AVENUE'S MISSION IS TO INVEST IN PEOPLE, HOMES AND COMMUNITIES TO ADVANCE EQUITY AND OPPORTUNITY FOR ALL HOUSTONIANS.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,134,294

Program Service Revenue $7,733,258

Investment Income $723,690

Other Revenue $-627,140

TOTAL REVENUE $10,964,102

Expense Breakdown

Grants Paid $756,617

Salaries & Benefits $4,124,918

Fundraising Expenses $575,403

Program Expenses $12,151,322

Other Expenses $9,025,025

TOTAL EXPENSES $13,906,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,964,102	$13,725,798	-0.2%
Expenses	$13,906,560	$16,923,376	-0.2%
Net Income	$-2,942,458	$-3,197,578	-0.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

1149

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

$627,216

Total Directors

$372,043

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LAWLER	CEO	39.00	Officer Director	$173,014	$36,966	$209,980
MARIE D ARCOS	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL TATE BARKLEY	VP, DIRECTOR	1.00	Officer Director	$0	$0	$0
JANIS BRACKETT	DIRECTOR	0.25	Director	$0	$0	$0
JAMIE BRYANT	VP, DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CAMPO	DIRECTOR	0.25	Director	$0	$0	$0
ALEXANDRA CLEMENTS	DIRECTOR	0.25	Director	$0	$0	$0
JESUS DEANDA	DIRECTOR	0.25	Director	$0	$0	$0
DONNA ESPADAS	TREASURER, DIRECTOR	1.00	Officer Director	$0	$0	$0
WINNIE KWOK	DIRECTOR	0.25	Director	$0	$0	$0
CATHRYN MARTINEZ	DIRECTOR	0.25	Director	$0	$0	$0
JOHN PRICE	DIRECTOR	0.25	Officer Director	$0	$0	$0
CASSANDRA SILVERNAIL	PRESIDENT, DIRECTOR	1.00	Director	$0	$0	$0
VIOLA SOLOMON	SEC, DIRECTOR	1.00	Director	$0	$0	$0
FRANCES VALDEZ	DIRECTOR	0.25	Director	$0	$0	$0
ELGIN WEAVER	DIRECTOR	0.25	Director	$0	$0	$0
DAVID BARRON	CONTROLLER	39.00	Director	$114,025	$461	$114,486
KAREN BRIGGS GWIN	CFO	39.00	Officer Director	$47,577	$0	$47,577
DANIEL ORTIZ	VP, DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSE SANCHEZ	DIRECTOR	0.25	Director	$0	$0	$0
MEENA RUPANI	DIRECTOR	0.25	Director	$0	$0	$0
DARLA BERRY	VP, FUND DEVELOPMENT	39.00	Officer	$108,760	$10,420	$119,180
BRENDA BOCANEGRA	VP, HUMAN RESOURCES	39.00	Officer	$112,905	$21,210	$134,115
JASON HOLOUBEK	DIRECTOR, ACQUISITIONS/REHABILIT	39.00	Officer	$106,301	$10,063	$116,364
TYLER FULLER	FORMER VP	39.00		$108,715	$7,491	$116,206

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	No data	No data	No data	No data
2023	$10,964,102	$13,906,560	$87,241,602	$-2,942,458
2022	$13,725,798	$16,923,376	$86,609,571	$-3,197,578
2021	$11,542,239	$12,982,545	$81,189,118	$-1,440,306
2020	$14,451,268	$11,748,151	$67,907,934	$2,703,117
2019	$19,011,268	$14,954,181	$55,714,694	$4,057,087
2018	$8,586,238	$7,346,742	$40,573,967	$1,239,496

AVENUE COMMUNITY DEVELOPMENT CORPORATION