2024-11-14T13:23:59-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 11401 CENTURY OAKS TERRACE SUITE 260 AUSTIN TX 78758 990 2023-01-01 760380602 AVENUE COMMUNITY DEVELOPMENT CORPORATION AVEN 7138648099 3517 IRVINGTON BLVD HOUSTON TX 77009 KAREN BRIGGS GWIN CFO 7138648099 2024-11-14 1 0 SUSAN WILSON P00545142 5123400420 2023 2024-10-15 13:58:12Z AVENUE KAREN BRIGGS GWIN 3517 IRVINGTON BLVD HOUSTON TX 77009 12091512 0 X AVENUECDC.ORG X 1991 TX AVENUE'S MISSION IS TO INVEST IN PEOPLE, HOMES AND COMMUNITIES TO ADVANCE EQUITY AND OPPORTUNITY FOR ALL HOUSTONIANS. 17 17 29 1149 9028 7547 3536999 3134294 9809630 7733258 170121 723690 209048 -627140 13725798 10964102 3669710 756617 0 0 4305735 4124918 0 0 575403 8947931 9025025 16923376 13906560 -3197578 -2942458 86609571 87241602 61605702 64405768 25003869 22835834 X AVENUE COMMUNITY DEVELOPMENT CORPOATION'S ("AVENUE") MISSION IS TO INVEST IN PEOPLE, HOMES AND COMMUNITIES TO ADVANCE EQUITY AND OPPORTUNITY FOR ALL HOUSTONIANS. AVENUE'S VISION IS FOR ALL HOUSTONIANS HAVE THE OPPORTUNITY TO LIVE IN QUALITY HOMES IN HEALTHY, VIBRANT, AND INCLUSIVE NEIGHBORHOODS TO ENSURE HOUSTON'S FUTURE AS A WORLD CLASS CITY. 0 0 9467623 5504653 AFFORDABLE HOUSING PROGRAM SERVICES - EXPENDITURES RELATING TO THE PURCHASE AND DEVELOPMENT OF AFFORDABLE HOUSING FOR RENT AND SALES TO LOW INCOME AND MODERATE INCOME FAMILIES AND INDIVIDUALS AND IMPROVEMENTS TO EXISTING PROPERTIES. THIS ACTIVITY INCLUDED THE RENTAL, OPERATIONS AND SALE OF 869 MULTI-FAMILY UNITS LOCATED WITHIN 14 PROPERTIES, AND 35 SCATTERED SITE UNITS AND THE RENTAL OF SPACE IN AVENUE CENTER TO OTHER TAX EXEMPT ENTITIES. 595163 621407 COMMUNITY INITIATIVES PROGRAM SERVICES - SUPPORTED COMMUNITY BUILDING AND ENGAGEMENT, PROMOTED CIVIC ENGAGEMENT, CULTIVATED RESIDENT LEADERSHIP AND BROUGHT NEIGHBORS TOGETHER TO ADVOCATE FOR COMMUNITY IMPROVEMENTS. BY ENGAGING RESIDENTS, GOVERMENT AGENCIES, COMMUNITY ORGANIZATIONS, BUSINESSES AND OTHER STAKEHOLDERS, AVENUE HELPED RESIDENTS INCREASE PUBLIC AWARENESS AND SAFETY, BEAUTIFY THEIR NEIGHBORHOODS, PROMOTE HEALTH AND WELLNESS, IMPROVE EDUCATIONAL OUTCOMES, AND SUPPORT LOCAL ARTS AND CULTURE. 2088536 756617 840997 FAMILY ASSET BUILDING AND OTHER PROGRAMS - AVENUE PROMOTED HOMEOWNERSHIP; ASSISTED FAMILIES AND INDIVIDUALS TO OBTAIN HOMEOWNERSHIP AND IMPROVE THEIR FINANCIAL STABILITY THROUGH HOMEBUYER EDUCATION CLASSES, PRE-PURCHASE COUNSELING, POST PURCHASE COUNSELING & WORKSHOPS, AND FORECLOSURE INTERVENTION COUNSELING. PROVIDED HOMEBUYER EDUCATION TO 748 HOUSEHOLDS, CREATED 260 NEW HOMEOWNERS, AND ASSISTED 67 HOUSEHOLDS IN OBTAINING A POSITIVE OUTCOME PRESERVING THEIR HOMES. IN ADDITION PROVIDED FINANCIAL ASSISTANCE TO 51 HOUSEHOLDS IN THE FORM OF DOWN PAYMENT ASSISTANCE. 12151322 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 29 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KAREN BRIGGS GWIN 7138648099 3517 IRVINGTON BLVD HOUSTON TX 77009 MARY LAWLER CEO 39.00 1.00 X X 173014 0 36966 MARIE D ARCOS DIRECTOR 0.25 0.25 X 0 0 0 MICHAEL TATE BARKLEY VP, DIRECTOR 1.00 0.25 X X 0 0 0 JANIS BRACKETT DIRECTOR 0.25 0.25 X 0 0 0 JAMIE BRYANT VP, DIRECTOR 1.00 0.25 X 0 0 0 RICHARD CAMPO DIRECTOR 0.25 0.25 X 0 0 0 ALEXANDRA CLEMENTS DIRECTOR 0.25 0.25 X 0 0 0 JESUS DEANDA DIRECTOR 0.25 0.25 X 0 0 0 DONNA ESPADAS TREASURER, DIRECTOR 1.00 0.25 X X 0 0 0 WINNIE KWOK DIRECTOR 0.25 0.25 X 0 0 0 CATHRYN MARTINEZ DIRECTOR 0.25 0.25 X 0 0 0 JOHN PRICE DIRECTOR 0.25 0.25 X X 0 0 0 CASSANDRA SILVERNAIL PRESIDENT, DIRECTOR 1.00 0.25 X 0 0 0 VIOLA SOLOMON SEC, DIRECTOR 1.00 0.25 X 0 0 0 FRANCES VALDEZ DIRECTOR 0.25 0.25 X 0 0 0 ELGIN WEAVER DIRECTOR 0.25 0.25 X 0 0 0 DAVID BARRON CONTROLLER 39.00 1.00 X 114025 0 461 KAREN BRIGGS GWIN CFO 39.00 1.00 X X 47577 0 0 DANIEL ORTIZ VP, DIRECTOR 1.00 0.25 X X 0 0 0 JOSE SANCHEZ DIRECTOR 0.25 0.25 X 0 0 0 MEENA RUPANI DIRECTOR 0.25 0.25 X 0 0 0 DARLA BERRY VP, FUND DEVELOPMENT 39.00 1.00 X 108760 0 10420 BRENDA BOCANEGRA VP, HUMAN RESOURCES 39.00 1.00 X 112905 0 21210 JASON HOLOUBEK DIRECTOR, ACQUISITIONS/REHABILIT 39.00 1.00 X 106301 0 10063 TYLER FULLER FORMER VP 39.00 1.00 X 108715 0 7491 771297 0 86611 6 1 1 0 BLOCK BUILDERS 619 JEFFERSON HWY BATON ROUGE LA 70806 CONSTRUCTION 1105349 BOXPREFAB 5311 CLINTON DR HOUSTON TX 77020 CONSTRUCTION 250000 TEMPO 911 MARYLAND DR IRVING TX 75601 HVAC 184897 3 744590 2389704 3134294 RENTALS 531390 6245250 6245250 HOMEBUYER ASSISTANCE PROGRAM 531390 840997 840997 EDUCATION AND OTHER 531390 500507 500507 SUPPORTIVE SERVICES 236000 120900 120900 APARTMENT MANAGEMENT 531390 25604 25604 7733258 89841 89841 1170000 536151 633849 633849 633849 226578 96545 130033 130033 525000 494714 30286 30286 CELL TOWER RENTAL 531110 9028 9028 INVESTMENT IN PARTNERSHIP 531390 -796487 -796487 -787459 10964102 6967057 9028 853723 728261 728261 28356 28356 676237 464513 141148 70576 2789553 1916170 582252 291131 80866 55548 16879 8439 207296 142394 43268 21634 370966 254820 77430 38716 164685 113124 34374 17187 14641 10057 3056 1528 81963 56301 17108 8554 288869 198427 60294 30148 48895 33586 10206 5103 333424 229032 69594 34798 244925 168241 51122 25562 2891175 2827765 42273 21137 12540 12540 37578 5857 30831 890 2006093 2006093 1713841 1713841 961554 961554 SPECIAL PROJECTS 219715 219715 LOSS ON INTEREST RATE S 5127 5127 13906560 12151322 1179835 575403 5344653 4810166 673192 2159784 980681 381358 7845331 7818495 18200049 20075181 3142908 3216817 687042 644214 52639939 9870330 44861978 42769609 3419823 3419543 927973 1487286 94350 79050 431591 380099 86609571 87241602 3163042 3328869 531193 108797 57875690 60927198 35777 40904 61605702 64405768 X 24008869 21544433 995000 1291401 25003869 22835834 86609571 87241602 X -2942458 774423 X X 0 1 X 1 1 1 X 10059220 7202793 3737651 3536999 3134294 27670957 12320148 2780662 3619334 4660284 1824766 25205194 3502009 3866529 5000635 5439175 6270854 24079202 25881377 13849984 12357620 13636458 11229914 76955353 0 0 0 76955353 376720 209606 157470 170121 89841 1003758 376720 209606 157470 170121 89841 1003758 153349 1557459 8509 8765 9028 1737110 26411446 15617049 12523599 13815344 11328783 79696221 0.96560 0.96200 0.01260 0.01520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 SCHEDULE C PART IV OTHER INFORMATION AVENUE HAS CONTACTED LEGISLATURES CONCERNING PENDING LEGISLATIVE ACTIONS IMPACTING AVENUE'S MISSION. 9418264 9418264 41877223 8903820 32973403 1344452 966510 377942 42769609 12396913 1432811 1432811 10964102 0 10964102 14564948 658388 658388 13906560 0 13906560 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF HOUSES SOLD 494,714. FUND RAISING EXPENSES 96,545. INVESTMENT - BOOK TO TAX DIFFERENCE 831,498. GAIN ON SALE OF RENTAL PROPERTIES - BOOK TO TAX DIFFERENCE 10,054. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF HOUSES SOLD 494,714. FUND RAISING EXPENSES 96,545. OFFICE EXPENSES - BOOK TO TAX DIFFERENCE 25. DEPRECIATION - BOOK TO TAX DIFFERENCE 67,104. 226578 226578 20425 5400 70720 226578 226578 20425 5400 70720 96545 130033 1 NEIGHBORWORKS AMERICA WACO 922 FRANKLIN WACO TX 76701 742681649 501(C)(3) 728261 0 CASH VALUE HOMEOWNERSHIP PROMOTION HOMEOWNERSHIP PROMOTION 415 28356 CASH VALUE PART I, LINE 2: GRANTS TO ORGANIZATIONS ARE OVERSEEN BY A DESIGNATED AVENUE STAFF MEMBER WHO REVIEWS THE IMPLEMENTATION OF THE GRANT AND ENSURES PROPER DOCUMENTATION IS SUBMITTED. GRANTS TO INDIVIDUALS ARE ADMINISTERED BY AVENUE STAFF MEMBERS WHO REVIEW ELIGIBILITY, OVERSEE EXPENDITURES AND DOCUMENT THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 MARY LAWLER CEO 173014 0 0 0 0 0 0 0 36966 0 209980 0 0 0 TYLER FULLER FORMER VP 108715 0 0 0 0 0 0 0 7491 0 116206 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE TAXPAYER DELEGATED THE MANAGEMENT OF APARTMENT PROJECTS OWNED BY THEIR SINGLE MEMBER LIMITED LIABILITY COMPANIES TO CERTAIN MANAGEMENT COMPANIES. FORM 990, PART VI, SECTION B, LINE 11B BOARD OF DIRECTORS AND OFFICERS ARE GIVEN HARD COPIES OR A PDF COPY OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS & KEY EMPLOYEES ARE REQUIRED TO SIGN A FORM ANNUALLY INDICATING THE UNDERSTANDING AND ACCEPTANCE OF AVENUE'S CODE OF CONDUCT AND CONFLICT OF INTEREST POLICY. THE STATEMENTS ARE FILED IN AVENUE'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD TAKES INTO CONSIDERATION THE RESPONSIBILITIES AND RISKS ASSOCIATED WITH THE POSITION AS WELL AS PERFORMANCE. LOCAL COMPENSATION TRENDS WITHIN THE NON-PROFIT INDUSTRY ARE REVIWED AS PART OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 18 AVENUE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE VIA PDF FILE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVENUE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE VIA PDF FILE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE 774,423. FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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