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Avondale Development Coroporation

Tax-deductible

Cincinnati, OH501(c)(3)Community Development EIN 45-2412695Revenue $869K in FY2024

On file with the IRSgrowavondale.org3635 Reading Rd Ste 200, 45229-2399 · Cincinnati, OHTax-exempt since Sep 2011Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Run by 13 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $20K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$250K
to officers and key staff · 30% of spending
Top officer’s pay higher than 78% of similar orgs
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$496K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$869K
-4% vs prior year
Spent
$846K
To programs
55%
Net assets
$279K
By yearFY2020–FY2024
Revenue
$869K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$661K
FY2021$1.1M
FY2022$1.2M
FY2023$906K
FY2024$869K
Expenses
$846K
FY2024▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$813K
FY2021$1.0M
FY2022$669K
FY2023$1.5M
FY2024$846K
Net assets
$279K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$300K
FY2022$844K
FY2023$249K
FY2024$279K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $461K Management & general 45% · $385K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $250K paid to officers and key staff.

Part VII, Section A · reportable compensation
Russell Hairston
Executive Director
$110,062Pt VII · Sec A
Aisha Txillah
Director of Real Estat
$82,567Pt VII · Sec A
Patrick Cartier
Diector of Operations
$57,427Pt VII · Sec A
Tony Moore
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Royce Sutton
Chairman
$0Pt VII · Sec A

Russell Hairston’s $110K as Executive Director is at the 78th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Russell Hairston$110,062$122,226$110,062$100,473$99,825
Derek McCain—$109,280———
Aisha Txillah$82,567————
Patrick Cartier$57,427$76,532$49,239$47,460$48,560
Maria Collins——$22,221$47,460$62,690
April Gallelli——$44,231$50,417$50,436

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves neighborhood quality of life through real estate development and community engagement.

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Provided by the organization

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3 programs · $461K · in their own filed words · FY2024
01

Real Estate Development to address the need for new housing units, the rehabilitation of existing housing units, and developing economic opportunities for residents, and minority and women-owned businesses.

$307Kprogram expense
02

Community Engagement to develop effective methods of outreach and communication with Avondale residens in a way that invites them to be part of redevelopment initiatives by using various forms of messaging to connect and engage with owners, renters, and busineses through community engagement forums, print and electromic media forms of…

$134Kprogram expense
03

Special beautification project for Art Mural at the South Avondale Sch

$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Enterprise Community Partners INCFY2025$16K
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$869K
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$138K
Investment incomeLn 3$21
Money outPt IX
$846K
Ln 25
Programscol B$461K
Managementcol C$385K
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$456K
Total assetsLn 16$775K
LiabilitiesLn 26$496K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$740K
Fees for servicesLn 2g$138K
Investment incomeLn 3$21
Total revenueLn 12$869K
Assets in detailPt X, end of year
CashLn 1$456K
Cash and savings togetherLn 1–2$456K
Land, buildings, equipmentLn 10c$44K
Total assetsLn 16$775K
LiabilitiesLn 26$496K
Net assetsLn 32$279K
OperationsPt I, VI
EmployeesI 55
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$248K$456K
Land, buildings, equipmentLn 10c$865K$44K
Total assetsLn 16$1.3M$775K
LiabilitiesLn 26$1.0M$496K
Net assetsLn 32$249K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$54K$56K
Other salaries and wagesLn 7$232K$207K$25K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$40K$40K
Payroll taxesLn 10$29K$29K
Management feesLn 11a$135K$16K$119K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$77K$42K$35K
Other fees for servicesLn 11g$19K$12K$7K
Office expensesLn 13$12K$95$12K
OccupancyLn 16$25K$25K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$13K$13K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$127K$127K
Total functional expensesLn 25$846K$461K$385K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $869K$846K$24K$279K 990 PDF
FY2023 $906K$1.5M−$594K$249K 990 PDF
FY2022 $1.2M$669K$543K$844K 990 PDF
FY2021 $1.1M$1.0M$79K$300K 990 PDF
FY2020 $661K$813K−$152K$232K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $869,429 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,492,995$1,118,145
I-9 Program service revenuePrior year $184,532$137,764
I-10 Investment income$21
I-11 Other revenuePrior year −$771,508−$386,501
I-12 Total revenuePrior year $906,019$869,429
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $434,938$421,933
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,065,508$423,903
I-18 Total expensesPrior year $1,500,446$845,836
I-19 Revenue less expensesPrior year −$594,427$23,593
Part VI · Governance 0 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $869,429 across 8 lines filed
VIII-1e Government grants$740,449
VIII-1f All other contributions, gifts and grants$377,696
VIII-1h Total contributions, gifts and grants$1,118,145
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,764$137,764
VIII-3 Investment incomeRelated to mission $21$21
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$386,501−$386,501
VIII-12 Total revenueRelated to mission −$248,716 · Unrelated business $0 · Excluded from tax $0$869,429
Part IX · Statement of functional expenses $845,836 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,921 · Management $56,141$110,062
IX-7 Other salaries and wagesPrograms $207,494 · Management $24,517$232,011
IX-8 Pension plan contributionsManagement $10,200$10,200
IX-9 Other employee benefitsManagement $40,240$40,240
IX-10 Payroll taxesManagement $29,420$29,420
IX-11a Management feesPrograms $15,734 · Management $119,295$135,029
IX-11b Legal feesManagement $6,655$6,655
IX-11c Accounting feesPrograms $42,010 · Management $35,060$77,070
IX-11g Other fees for servicesPrograms $12,357 · Management $6,897$19,254
IX-13 Office expensesPrograms $95 · Management $11,957$12,052
IX-16 OccupancyManagement $25,291$25,291
IX-17 TravelPrograms $2,850$2,850
IX-19 Conferences, conventions and meetingsManagement $13,138$13,138
IX-22 Depreciation, depletion and amortizationManagement $2,942$2,942
IX-23 InsuranceManagement $3,064$3,064
IX-24 Other expenses (24a–d)Programs $126,558$126,558
IX-25 Total functional expensesPrograms $461,019 · Management $384,817 · Fundraising $0$845,836
Part X · Balance sheet $775,322 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $248,332$455,839
X-3 Pledges and grants receivableStart of year $20,007$67,074
X-4 Accounts receivableStart of year $142,321$199,036
X-9 Prepaid expenses and deferred chargesStart of year $5,408$9,417
X-10c Land, buildings and equipment, netStart of year $864,523$43,956
X-16 Total assetsStart of year $1,280,591$775,322
X-17 Accounts payable and accrued expensesStart of year $129,665$146,209
X-19 Deferred revenueStart of year $103,529$350,007
X-26 Total liabilitiesStart of year $1,031,145$496,216
X-27 Net assets without donor restrictionsStart of year $116,456$123,935
X-28 Net assets with donor restrictionsStart of year $132,990$155,171
X-32 Total net assets or fund balancesStart of year $249,446$279,106
X-33 Total liabilities and net assetsStart of year $1,280,591$775,322
Part XI · Reconciliation of net assets $279,106 net assets at year end
XI-1 Total revenue$869,429
XI-2 Total expenses$845,836
XI-3 Revenue less expenses$23,593
XI-4 Net assets at start of year$249,446
XI-9 Other changes in net assets$6,068
XI-10 Net assets at end of year$279,106

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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