Avenue Community Development Corporation

EIN: 760380602 501(c)(3) Housing & Shelter

Houston, TX

Total Revenue
$7,205,049
Total Expenses
$8,744,333
Total Assets
$57,620,103
Net Assets
$21,647,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
TX
Principal Officer
Mary Lawler
Phone
7138648099
Tax Period
2025-01-01 to 2025-12-31

Avenue Community Development Corporation, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $7.2M in total revenue in fiscal year 2025. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $8.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

The mission of Avenue Community Development Corporation ("Avenue") is to invest in people, homes and communities to advance opportunity for all Houstonians. Continued on Schedule O. Avenue's vision is for all Houstonians to have the opportunity to live in quality homes in healthy, vibrant, and inclusive neighborhoods to ensure Houston's future as a world class city.

Program Service Accomplishments

Program 1
Expenses: $6,178,299 Revenue: $1,981,989

Affordable Housing: Expenditures relating to the purchase, development, and maintenance of affordable multifamily housing and single-family housing for people living with low to moderate incomes...

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Affordable Housing: Expenditures relating to the purchase, development, and maintenance of affordable multifamily housing and single-family housing for people living with low to moderate incomes. This activity includes the rental and operation of Avenue's rental portfolio. Avenue Center, the organization's headquarters, also rents space to other nonprofits serving this vulnerable population.

Program 2
Expenses: $504,325

Family Asset-Building and Other Programs: Promotes homeownership and financial stability through education and counseling. Services include homebuyer education classes, pre- and post-purchase...

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Family Asset-Building and Other Programs: Promotes homeownership and financial stability through education and counseling. Services include homebuyer education classes, pre- and post-purchase counseling, foreclosure intervention, and matched savings opportunities. During 2025, Avenue provided homebuyer education to 734 households, supported 86 new homeowners, assisted 103 households in preserving their homes, and helped 3 clients access matched savings.

Program 3
Expenses: $449,176 Revenue: $797,603

Community Initiatives: Fosters resident engagement, leadership, and collaboration to strengthen neighborhoods. Activities include life-skills training, civic engagement, volunteerism, and advocacy...

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Community Initiatives: Fosters resident engagement, leadership, and collaboration to strengthen neighborhoods. Activities include life-skills training, civic engagement, volunteerism, and advocacy for community improvements. By working with residents, government agencies, community organizations, and businesses, Avenue helps increase public safety, beautify neighborhoods, promote health and wellness, improve educational outcomes, and support local arts and culture.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,883,921
Program Service Revenue $3,059,250
Investment Income $528,042
Other Revenue $-266,164
TOTAL REVENUE $7,205,049

Expense Breakdown

Grants Paid $109,029
Salaries & Benefits $2,598,918
Fundraising Expenses $531,773
Program Expenses $7,131,800
Other Expenses $6,036,386
TOTAL EXPENSES $8,744,333

Year-over-Year Comparison

2025 2024 Change
Revenue $7,205,049 $15,106,297 -0.5%
Expenses $8,744,333 $16,474,178 -0.5%
Net Income $-1,539,284 $-1,367,881 +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 Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
41
Volunteers
332

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
8
$333,900
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Ortiz President (as of 02/25) 1.00
Officer Director
$0 $0 $0
Michael Tate Barkley President (thru 02/25) 1.00
Officer Director
$0 $0 $0
John Price Vice President 0.25
Officer Director
$0 $0 $0
Elgin Weaver Vice President 0.25
Officer Director
$0 $0 $0
Donna Espadas Treasurer 1.00
Officer Director
$0 $0 $0
Viola Solomon Secretary 1.00
Officer Director
$0 $0 $0
Marie Arcos Director (thru 02/25) 0.25
Director
$0 $0 $0
Janis Brackett Director 0.25
Director
$0 $0 $0
Ariana Campos Director 0.25
Director
$0 $0 $0
Alexandra Clements Director (thru 02/25) 0.25
Director
$0 $0 $0
Steve Hefner Director (as of 12/25) 0.25
Director
$0 $0 $0
Winnie Kwok Director (thru 02/25) 0.25
Director
$0 $0 $0
Meena Rupani Director 0.25
Director
$0 $0 $0
Cassandra Silvernail Director 0.25
Director
$0 $0 $0
Frances Valdez Director (thru 02/25) 0.25
Director
$0 $0 $0
Mary Lawler CEO 39.00
Officer
$156,851 $15,245 $172,096
Karen Briggs Gwin CFO 39.00
Officer
$154,336 $7,468 $161,804
Darla Berry VP Fund Development 39.00
Highest
$112,442 $12,855 $125,297
Jason Holoubek Real Estate Development Director 39.00
Highest
$107,324 $10,319 $117,643
Ash Hussain Director of Finance 39.00
Highest
$119,308 $7,075 $126,383
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
2025 $7,205,049 $8,744,333 $57,620,103 $-1,539,284
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
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