Avalon Second Nonprofit Housing Corporation
Avalon Second Nonprofit Housing Corporation consistently operates with negative net assets, but maintains stable revenue growth and zero executive compensation.
EIN: 141977260 · Ann Arbor, MI · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $667K |
| Total Expenses | $704K |
| Program Spending | 85% |
| Net Assets | $-976,675 |
| Transparency Score | 75/100 |
Is Avalon Second Nonprofit Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Avalon Second Nonprofit Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Avalon Second Nonprofit Housing Corporation
Avalon Second Nonprofit Housing Corporation (EIN: 141977260) is a nonprofit organization based in Ann Arbor, MI, classified under NTEE code L20. The organization reported total revenue of $667K and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avalon Second Nonprofit Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avalon Second Nonprofit Housing Corporation is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $657K |
| Total Expenses | $704K |
| Surplus / Deficit | $-46,702 |
| Total Assets | $6.4M |
| Total Liabilities | $7.3M |
| Net Assets | $-976,675 |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 115.4% |
| Months of Reserves | 108.3 months |
Financial Health Grade: C
In 2023, Avalon Second Nonprofit Housing Corporation reported a deficit of $47K with expenses exceeding revenue, holds 108.3 months of operating reserves (strong position), has a debt-to-asset ratio of 115.4% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Avalon Second Nonprofit Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +5.6% | +1.7% |
| 2022 | +11.6% | +15.8% | -0.2% |
| 2021 | -9.0% | +3.6% | +1.0% |
| 2020 | +17.3% | -7.9% | -0.4% |
| 2019 | +5.0% | +3.8% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Avalon Second Nonprofit Housing Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Avalon Second Nonprofit Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly favorable, suggesting all available funds are directed towards the organization's mission rather than executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Avalon Second Nonprofit Housing Corporation's IRS 990 filings:
- Consistent negative net asset position (liabilities exceed assets)
- Frequent operational deficits where expenses exceed revenue
Strengths
The following positive indicators were identified for Avalon Second Nonprofit Housing Corporation:
- Consistent reporting of 0% officer compensation
- Stable and growing revenue trend over the past decade
- Significant asset base for a nonprofit of its revenue size ($6.1 million in assets against $667,043 latest revenue)
Frequently Asked Questions about Avalon Second Nonprofit Housing Corporation
Is Avalon Second Nonprofit Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Avalon Second Nonprofit Housing Corporation (EIN: 141977260) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Avalon Second Nonprofit Housing Corporation spend its money?
Avalon Second Nonprofit Housing Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Avalon Second Nonprofit Housing Corporation tax-deductible?
Avalon Second Nonprofit Housing Corporation is registered as a tax-exempt nonprofit (EIN: 141977260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Avalon Second Nonprofit Housing Corporation's spending goes to programs?
Avalon Second Nonprofit Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Avalon Second Nonprofit Housing Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Avalon Second Nonprofit Housing Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Avalon Second Nonprofit Housing Corporation located?
Avalon Second Nonprofit Housing Corporation is headquartered in Ann Arbor, Michigan and files with the IRS under EIN 141977260. It is classified under NTEE code L20.
How many years of IRS 990 filings does Avalon Second Nonprofit Housing Corporation have?
Avalon Second Nonprofit Housing Corporation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $667K in total revenue.
Why do liabilities consistently exceed assets, resulting in negative net assets?
The filings consistently show liabilities (e.g., $7,329,050 in 2023) exceeding assets (e.g., $6,352,375 in 2023). This negative net asset position could be due to specific financing structures common in affordable housing, such as significant long-term debt or restricted grants, but requires further investigation into the balance sheet details.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the overall expenses are provided, the IRS 990 data does not provide a granular breakdown of how these expenses are allocated between program services, administrative overhead, and fundraising activities. This information is crucial for a more precise assessment of spending efficiency.
How does the organization cover its operational deficits in years where expenses exceed revenue?
In several years, such as 2023 ($703,655 expenses vs. $656,953 revenue) and 2022 ($666,419 expenses vs. $619,355 revenue), the organization spent more than it earned. Understanding the source of funds used to cover these deficits (e.g., reserves, new debt, or specific grants) is important for assessing financial sustainability.
Filing History
IRS 990 filing history for Avalon Second Nonprofit Housing Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Avalon Second Nonprofit Housing Corporation's revenue has grown by 71.1%, moving from $384K to $657K. Total assets increased by 1.3% over the same period, from $6.3M to $6.4M. Total functional expenses rose by 35.8%, from $518K to $704K. In its most recent filing year (2023), Avalon Second Nonprofit Housing Corporation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $6.4M in assets (debt-to-asset ratio: 115.4%), resulting in net assets of $-976,675.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $657K | $704K | $6.4M | $7.3M | — | — |
| 2022 | $619K | $666K | $6.2M | $7.2M | — | — |
| 2021 | $555K | $576K | $6.3M | $7.1M | — | View 990 |
| 2020 | $610K | $556K | $6.2M | $7.1M | — | — |
| 2019 | $520K | $603K | $6.2M | $7.1M | — | View 990 |
| 2018 | $495K | $581K | $6.3M | $7.2M | — | View 990 |
| 2017 | $693K | $534K | $6.4M | $7.1M | — | — |
| 2016 | $448K | $518K | $6.0M | $6.9M | — | View 990 |
| 2015 | $442K | $542K | $6.2M | $7.1M | — | View 990 |
| 2014 | $384K | $518K | $6.3M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $657K, expenses of $704K, and assets of $6.4M (revenue +6.1% year-over-year).
- 2022: Revenue of $619K, expenses of $666K, and assets of $6.2M (revenue +11.6% year-over-year).
- 2021: Revenue of $555K, expenses of $576K, and assets of $6.3M (revenue -9.0% year-over-year).
- 2020: Revenue of $610K, expenses of $556K, and assets of $6.2M (revenue +17.3% year-over-year).
- 2019: Revenue of $520K, expenses of $603K, and assets of $6.2M (revenue +5.0% year-over-year).
- 2018: Revenue of $495K, expenses of $581K, and assets of $6.3M (revenue -28.6% year-over-year).
- 2017: Revenue of $693K, expenses of $534K, and assets of $6.4M (revenue +54.9% year-over-year).
- 2016: Revenue of $448K, expenses of $518K, and assets of $6.0M (revenue +1.3% year-over-year).
- 2015: Revenue of $442K, expenses of $542K, and assets of $6.2M (revenue +15.0% year-over-year).
- 2014: Revenue of $384K, expenses of $518K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avalon Second Nonprofit Housing Corporation:
Data Sources and Methodology
This transparency report for Avalon Second Nonprofit Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.