Avondale Development Corporation

Organization Overview

Avondale Development Corporation is located in Cincinnati, OH. The organization was established in 2011. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Avondale Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avondale Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Avondale Development Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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 COMMUNICATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $189,126
All other contributions, gifts, grants, and similar amounts not included above$93,836
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$282,962
Total Program Service Revenue$798,140
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,081,102

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Avondale Development Corporation has recieved totaling $376,353.

Awarding OrganizationAmount
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$193,859
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$100,000
Homebase Cincinnati

Cincinnati, OH

PURPOSE: OPERATING & GENERAL

$42,792
Ohio Community Development Finance Fund

Columbus, OH

PURPOSE: PREDEVELOPMENT

$27,202
First Financial Foundation

Cincinnati, OH

PURPOSE: SUPPORT FOR THE AVONDALE HOME IMPROVEMENT PROGRAM. MATCH GRANT FOR HOME IMPROVEMENT.

$10,000
Molina Healthcare Charitable Foundation

Wilmington, DE

PURPOSE: THANKSGIVING FOOD DISTRIBUTION FUND

$2,500
View Grant Recipient Profile

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