Avondale Development Coroporation FY2020 filing

Tax-deductible

Cincinnati, OH501(c)(3)Community DevelopmentEIN 45-2412695Revenue $661K in FY2020

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.
71¢ of each $1 spent went to programs.
$262K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$262K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 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
$252K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$661K
Spent
$813K
To programs
71%
Net assets
$232K
By yearFY2020–FY2024
Revenue
$661K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$661K
FY2021$1.1M
FY2022$1.2M
FY2023$906K
FY2024$869K
Expenses
$813K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$813K
FY2021$1.0M
FY2022$669K
FY2023$1.5M
FY2024$846K
Net assets
$232K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$300K
FY2022$844K
FY2023$249K
FY2024$279K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

71 cents of each dollar spent went to programs.

Program services 71% · $579K Management & general 20% · $165K Fundraising 9% · $69K

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; $262K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$99,825Pt VII · Sec A
Real Estate Community Development
$62,690Pt VII · Sec A
Project Manager - Quality of Life
$50,436Pt VII · Sec A
Manager Communications Outreach
$48,560Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

Questions for Avondale Development Coroporation

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Provided by the organization

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2 programs · $579K · in their own filed words · FY2020
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.

$299Kprogram expense
02

Community Engagement To develop effective methods of outreach and communication with Avondale residents 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 businesses, using community engagement sessions, print and electronic forms of…

$279Kprogram 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
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$661K
Ln 12
Gifts and grantsLn 1h$468K
Fees for servicesLn 2g$193K
Money outPt IX
$813K
Ln 25
Programscol B$579K
Managementcol C$165K
Fundraisingcol D$69K
Owns and owesPt X
$232K
net assets · Ln 32
Cash and savingsLn 1–2$253K
Total assetsLn 16$484K
LiabilitiesLn 26$252K
PeoplePt VI, VII
16
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$468K
Government grantsLn 1e$244K
Fees for servicesLn 2g$193K
Gains on assetsLn 7$0
Total revenueLn 12$661K
Assets in detailPt X, end of year
CashLn 1$159K
SavingsLn 2$94K
Cash and savings togetherLn 1–2$253K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$187K
Total assetsLn 16$484K
LiabilitiesLn 26$252K
Net assetsLn 32$232K
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 FY20End FY20
Cash and savingsLn 1–2$129K$253K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$20K$16K
Total assetsLn 16$558K$484K
LiabilitiesLn 26$173K$252K
Net assetsLn 32$384K$232K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$259K$224K$35K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$49K$49K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$42K$32K$3K$7K
Payroll taxesLn 10$24K$18K$2K$4K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$18K$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$63K$1K$54K$8K
Advertising and promotionLn 12$0
Office expensesLn 13$10K$10K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$26K$26K
TravelLn 17$511$62$397$52
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$313K$304K$8K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$813K$579K$165K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $661K$813K−$152K$232K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $661,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $873,749$468,042
I-9 Program service revenuePrior year $73,000$193,103
I-10 Investment income$0
I-11 Other revenuePrior year −$14,773$0
I-12 Total revenuePrior year $931,976$661,145
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $432,848$373,499
I-16a Professional fundraising feesPrior year $14,773$0
I-17 Other expensesPrior year $359,793$439,721
I-18 Total expensesPrior year $807,414$813,220
I-19 Revenue less expensesPrior year $124,562−$152,075
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $661,145 across 10 lines filed
VIII-1e Government grants$243,575
VIII-1f All other contributions, gifts and grants$224,467
VIII-1h Total contributions, gifts and grants$468,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $193,103$193,103
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $193,103$661,145
Part IX · Statement of functional expenses $813,220 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $223,531 · Management $35,348$258,879
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesFundraising $48,529$48,529
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $32,105 · Management $3,424 · Fundraising $6,849$42,378
IX-10 Payroll taxesPrograms $17,783 · Management $1,897 · Fundraising $4,033$23,713
IX-11a Management fees$0
IX-11b Legal feesManagement $2,255$2,255
IX-11c Accounting feesManagement $18,313$18,313
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,155 · Management $53,839 · Fundraising $8,400$63,394
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $10,266$10,266
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $26,138$26,138
IX-17 TravelPrograms $62 · Management $397 · Fundraising $52$511
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $4,217$4,217
IX-23 InsuranceManagement $1,613$1,613
IX-24 Other expenses (24a–d)Programs $303,909 · Management $7,605 · Fundraising $1,500$313,014
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $578,545 · Management $165,312 · Fundraising $69,363$813,220
Part X · Balance sheet $484,386 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $109,616$159,109
X-2 Savings and temporary cash investmentsStart of year $19,323$94,385
X-3 Pledges and grants receivableStart of year $216,934$25,500
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $13,876$2,528
X-10c Land, buildings and equipment, netStart of year $19,811$15,594
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $178,077$187,270
X-16 Total assetsStart of year $557,637$484,386
X-17 Accounts payable and accrued expensesStart of year $54,311$29,598
X-18 Grants payable$19,000
X-19 Deferred revenueStart of year $19,073$103,610
X-25 Other liabilitiesStart of year $99,970$99,970
X-26 Total liabilitiesStart of year $173,354$252,178
X-27 Net assets without donor restrictionsStart of year $302,863$108,850
X-28 Net assets with donor restrictionsStart of year $81,420$123,358
X-32 Total net assets or fund balancesStart of year $384,283$232,208
X-33 Total liabilities and net assetsStart of year $557,637$484,386
Part XI · Reconciliation of net assets $232,208 net assets at year end
XI-1 Total revenue$661,145
XI-2 Total expenses$813,220
XI-3 Revenue less expenses−$152,075
XI-4 Net assets at start of year$384,283
XI-10 Net assets at end of year$232,208

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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