Avcp Development Corporation: FY2024 Nonprofit Profile & Form 990 (EIN 92-0072904)

Revenue by fiscal year
FY2020	$594K
FY2021	$351K
FY2022	$395K
FY2023	$372K
FY2024	$402K
FY2025	$489K

Expenses by fiscal year
FY2020	$600K
FY2021	$295K
FY2022	$339K
FY2023	$339K
FY2024	$407K
FY2025	$332K

Net assets by fiscal year
FY2020	−$161K
FY2021	−$52K
FY2022	$4K
FY2023	$37K
FY2024	$32K
FY2025	$188K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1979.

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

Where the money goes

59 cents of each dollar spent went to programs.

59%

41%

Program services 59% · $241K Management & general 41% · $166K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Stephen Maxie

Chairman

$0Pt VII · Sec A

Tim Kaganak

Vice Chair

$0Pt VII · Sec A

Ron Alstrom

Treasurer

$0Pt VII · Sec A

Robert Nick

Member

$0Pt VII · Sec A

Moses White

Member

$0Pt VII · Sec A

See Avcp Development Corporation executive salaries →

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 15aNo

Programs and updates

Provides affordable housing for seniors with limited incomes.

Questions for Avcp Development Corporation

Tap to ask. Avcp Development Corporation sees how many people are interested.

Your first name shows with your question. Avcp Development Corporation answers here, for everyone.

1 program · $241K · in their own filed words · FY2023

01

Avcp development corporation provides low-cost housing for the elderly.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-0072904) · Dispute this line

$241Kprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2021 · $1.3M federal money spent

Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$1.3M

The auditor reported no findings.

Year ending Sep 2018 · $761K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$529K

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$232K

The auditor reported no findings.

Year ending Sep 2017 · $789K federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$545K

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$244K

The auditor reported no findings.

Year ending Sep 2016 · $839K federal money spent

Supporting Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$554K

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$285K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$402K

Ln 12

Gifts and grantsLn 1h$285K

Other incomeLn 4–11$117K

Investment incomeLn 3$763

Money outPt IX

$407K

Ln 25

Programscol B$241K

Managementcol C$166K

Owns and owesPt X

$32K

net assets · Ln 32

Cash and savingsLn 1–2$251K

Total assetsLn 16$492K

LiabilitiesLn 26$460K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$285K

Government grantsLn 1e$285K

Investment incomeLn 3$763

Other incomeLn 4–11$117K

Total revenueLn 12$402K

Assets in detailPt X, end of year

CashLn 1$145K

SavingsLn 2$107K

Cash and savings togetherLn 1–2$251K

Accounts receivableLn 4$13K

Land, buildings, equipmentLn 10c$228K

Total assetsLn 16$492K

LiabilitiesLn 26$460K

Net assetsLn 32$32K

OperationsPt I, VI

EmployeesI 51

VolunteersI 60

Fiscal year endsHeaderSeptember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$145K	$251K
Land, buildings, equipmentLn 10c	$238K	$228K
Total assetsLn 16	$401K	$492K
LiabilitiesLn 26	$364K	$460K
Net assetsLn 32	$37K	$32K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$107K	$65K	$42K
Management feesLn 11a	$5K		$5K
Accounting feesLn 11c	$46K		$46K
Other fees for servicesLn 11g	$19K	$19K
Advertising and promotionLn 12	$12K		$12K
Information technologyLn 14	$7K		$7K
OccupancyLn 16	$141K	$141K
InterestLn 20	$3K		$3K
Depreciation, depletion and amortizationLn 22	$10K		$10K
InsuranceLn 23	$41K		$41K
Other expenses (24a–d)Ln 24	$16K	$16K
Total functional expensesLn 25	$407K	$241K	$166K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jun 17, 2026	$489K	$332K	$156K	$188K	990 PDF
FY2024 ViewingFiled with the IRS Aug 14, 2025	$402K	$407K	−$5K	$32K	990 PDF
FY2023Filed with the IRS Aug 15, 2024	$372K	$339K	$33K	$37K	990 PDF
FY2022Filed with the IRS Aug 15, 2023	$395K	$339K	$55K	$4K	990 PDF
FY2021Filed with the IRS Aug 15, 2022	$351K	$295K	$55K	−$52K	990 PDF
FY2020Filed with the IRS Aug 16, 2021	$594K	$600K	−$6K	−$161K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $402,053 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $247,298$284,537

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $385$763

I-11 Other revenuePrior year $124,304$116,753

I-12 Total revenuePrior year $371,987$402,053

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $106,211$106,514

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $232,633$300,714

I-18 Total expensesPrior year $338,844$407,228

I-19 Revenue less expensesPrior year $33,143−$5,175

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $402,053 across 5 lines filed

VIII-1e Government grants$284,537

VIII-1h Total contributions, gifts and grants$284,537

VIII-3 Investment incomeRelated to mission $763$763

VIII-6 Net rental income or lossRelated to mission $116,753$116,753

VIII-12 Total revenueRelated to mission $117,516 · Unrelated business $0 · Excluded from tax $0$402,053

Part IX · Statement of functional expenses $407,228 across 11 lines filed

IX-7 Other salaries and wagesPrograms $64,859 · Management $41,655$106,514

IX-11a Management feesManagement $4,910$4,910

IX-11c Accounting feesManagement $46,250$46,250

IX-11g Other fees for servicesPrograms $18,767$18,767

IX-12 Advertising and promotionManagement $12,150$12,150

IX-14 Information technologyManagement $7,383$7,383

IX-16 OccupancyPrograms $140,983$140,983

IX-20 InterestManagement $3,350$3,350

IX-22 Depreciation, depletion and amortizationManagement $9,508$9,508

IX-23 InsuranceManagement $41,270$41,270

IX-24 Other expenses (24a–d)Programs $16,143$16,143

IX-25 Total functional expensesPrograms $240,752 · Management $166,476 · Fundraising $0$407,228

Part X · Balance sheet $492,014 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $81,213$144,543

X-2 Savings and temporary cash investmentsStart of year $63,703$106,535

X-4 Accounts receivableStart of year $18,608$12,869

X-10c Land, buildings and equipment, netStart of year $237,574$228,067

X-16 Total assetsStart of year $401,098$492,014

X-17 Accounts payable and accrued expensesStart of year $30,593$186,923

X-23 Secured mortgages and notes payableStart of year $293,222$234,298

X-25 Other liabilitiesStart of year $40,413$39,098

X-26 Total liabilitiesStart of year $364,228$460,319

X-27 Net assets without donor restrictionsStart of year $36,870$31,695

X-32 Total net assets or fund balancesStart of year $36,870$31,695

X-33 Total liabilities and net assetsStart of year $401,098$492,014

Part XI · Reconciliation of net assets $31,695 net assets at year end

XI-1 Total revenue$402,053

XI-2 Total expenses$407,228

XI-3 Revenue less expenses−$5,175

XI-4 Net assets at start of year$36,870

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$31,695

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Avcp Development Corporation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Avcp Development Corporation

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV

Avcp Development Corporation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Avcp Development Corporation

Funders

Federal money

Related Organizations

By the numbers

Filing history

Schedules filed Part IV