Avondale Development Coroporation FY2022 filing

Tax-deductible

Cincinnati, OH501(c)(3)Community DevelopmentEIN 45-2412695Revenue $1.2M in FY2022

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.
$226K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
$226K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.9 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
$3.2M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+12% vs prior year
Spent
$669K
To programs
71%
Net assets
$844K
By yearFY2020–FY2024
Revenue
$1.2M
FY2022▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$661K
FY2021$1.1M
FY2022$1.2M
FY2023$906K
FY2024$869K
Expenses
$669K
FY2022▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$813K
FY2021$1.0M
FY2022$669K
FY2023$1.5M
FY2024$846K
Net assets
$844K
FY2022▲ +181%
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$300K
FY2022$844K
FY2023$249K
FY2024$279K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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% · $475K Management & general 29% · $193K Fundraising 0% · $502

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

17 people listed on the 990; $226K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$110,062Pt VII · Sec A
Manager Communications Outreach
$49,239Pt VII · Sec A
Project Manager - Quality of Life
$44,231Pt VII · Sec A
Real Estate Community Development
$22,221Pt 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.

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Provided by the organization

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2 programs · $475K · in their own filed words · FY2022
01

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…

$299Kprogram expense
02

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.

$176Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$177K
Money outPt IX
$669K
Ln 25
Programscol B$475K
Managementcol C$193K
Fundraisingcol D$502
Owns and owesPt X
$844K
net assets · Ln 32
Cash and savingsLn 1–2$833K
Total assetsLn 16$4.0M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$177K
Government grantsLn 1e$121K
Fees for servicesLn 2g$1.0M
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$808K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$833K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$129K
Total assetsLn 16$4.0M
LiabilitiesLn 26$3.2M
Net assetsLn 32$844K
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 FY22End FY22
Cash and savingsLn 1–2$248K$833K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.4M$3.0M
Total assetsLn 16$2.9M$4.0M
LiabilitiesLn 26$2.6M$3.2M
Net assetsLn 32$300K$844K
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$55K$55K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$178K$178K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$38K$29K$9K
Payroll taxesLn 10$0
Management feesLn 11a$37K$37K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$50K$50K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$36K$35K$502
Information technologyLn 14$12K$12K
RoyaltiesLn 15$0
OccupancyLn 16$25K$25K
TravelLn 17$2K$2K
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$652
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$219K$219K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$669K$475K$193K$502

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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,212,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $282,962$176,715
I-9 Program service revenuePrior year $798,140$1,035,591
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,081,102$1,212,306
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $401,163$271,185
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $600,540$397,720
I-18 Total expensesPrior year $1,001,703$668,905
I-19 Revenue less expensesPrior year $79,399$543,401
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $1,212,306 across 10 lines filed
VIII-1e Government grants$120,640
VIII-1f All other contributions, gifts and grants$56,075
VIII-1h Total contributions, gifts and grants$176,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,035,591$1,035,591
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 $1,035,591$1,212,306
Part IX · Statement of functional expenses $668,905 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 staffManagement $54,665$54,665
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $178,360$178,360
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $29,208 · Management $8,952$38,160
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $36,530$36,530
IX-11b Legal feesManagement $2,793$2,793
IX-11c Accounting feesManagement $49,513$49,513
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $35,260 · Fundraising $502$35,762
IX-14 Information technologyManagement $11,670$11,670
IX-15 Royalties$0
IX-16 OccupancyManagement $24,818$24,818
IX-17 TravelManagement $2,372$2,372
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 amortizationPrograms $3,565 · Management $652$4,217
IX-23 InsuranceManagement $2,247$2,247
IX-24 Other expenses (24a–d)Programs $219,051$219,051
IX-24e All other expensesPrograms $8,747$8,747
IX-25 Total functional expensesPrograms $475,461 · Management $192,942 · Fundraising $502$668,905
Part X · Balance sheet $4,023,756 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $210,547$807,857
X-2 Savings and temporary cash investmentsStart of year $37,806$25,091
X-3 Pledges and grants receivableStart of year $128,325$97,893
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,814$4,814
X-10c Land, buildings and equipment, netStart of year $2,395,619$2,959,267
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 $158,144$128,834
X-16 Total assetsStart of year $2,935,255$4,023,756
X-17 Accounts payable and accrued expensesStart of year $99,799$95,504
X-18 Grants payableStart of year $1,474,488$1,474,488
X-19 Deferred revenueStart of year $960,527$1,012,235
X-25 Other liabilitiesStart of year $99,970$597,656
X-26 Total liabilitiesStart of year $2,634,784$3,179,883
X-27 Net assets without donor restrictionsStart of year $188,250$59,484
X-28 Net assets with donor restrictionsStart of year $112,221$784,389
X-32 Total net assets or fund balancesStart of year $300,471$843,873
X-33 Total liabilities and net assetsStart of year $2,935,255$4,023,756
Part XI · Reconciliation of net assets $843,873 net assets at year end
XI-1 Total revenue$1,212,306
XI-2 Total expenses$668,905
XI-3 Revenue less expenses$543,401
XI-4 Net assets at start of year$300,471
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$843,873

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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