Civic Intelligence

Avenue Community Development Corporation

990 • Fiscal year 2017 • EIN 76-0380602

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

2505 Washington Rm/Ste 400Houston, TX 77007

(713) 864-8099

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.42x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.99x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$154,744

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

95th percentile

47%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

179%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$38,314,093

Up $12,173,912 (+47%) from 2016

Net Assets

Up

$22,095,246

Up $4,695,919 (+27%) from 2016

Liabilities

Up

$16,218,847

Up $7,477,993 (+86%) from 2016

Revenue

Up

$8,167,329

Up $5,244,012 (+179%) from 2016

Expenses

Up

$3,298,716

Up $463,464 (+16%) from 2016

Net Income

Up

$4,868,613

Up $4,780,548 (+5428%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $23,458,116Liabilities 2011: $7,455,818Net Assets 2011: $16,002,2982011Assets 2012: $26,399,040Liabilities 2012: $10,631,866Net Assets 2012: $15,767,1742012Assets 2013: $25,531,642Liabilities 2013: $9,385,546Net Assets 2013: $16,146,0962013Assets 2014: $24,096,927Liabilities 2014: $7,383,608Net Assets 2014: $16,713,3192014Assets 2015: $23,911,531Liabilities 2015: $6,551,060Net Assets 2015: $17,360,4712015Assets 2016: $26,140,181Liabilities 2016: $8,740,854Net Assets 2016: $17,399,3272016Assets 2017: $38,314,093Liabilities 2017: $16,218,847Net Assets 2017: $22,095,2462017Assets 2018: $40,573,967Liabilities 2018: $17,328,622Net Assets 2018: $23,245,3452018Assets 2019: $55,714,694Liabilities 2019: $28,313,120Net Assets 2019: $27,401,5742019Assets 2020: $67,907,934Liabilities 2020: $38,342,599Net Assets 2020: $29,565,3352020Assets 2021: $81,189,118Liabilities 2021: $53,068,116Net Assets 2021: $28,121,0022021Assets 2022: $86,609,571Liabilities 2022: $61,605,702Net Assets 2022: $25,003,8692022Assets 2023: $87,241,602Liabilities 2023: $64,405,768Net Assets 2023: $22,835,8342023Assets 2024: $63,652,158Liabilities 2024: $43,628,114Net Assets 2024: $20,024,0442024

Highlighted filing

2017

Assets$38,314,093
Liabilities$16,218,847
Net Assets$22,095,246

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2011: $1,452,3952011Expenses 2012: $4,678,2202012Revenue 2013: $6,407,504Expenses 2013: $5,920,616Net Income 2013: $486,8882013Revenue 2014: $3,550,182Expenses 2014: $2,884,830Net Income 2014: $665,3522014Revenue 2015: $3,263,425Expenses 2015: $2,525,878Net Income 2015: $737,5472015Revenue 2016: $2,923,317Expenses 2016: $2,835,252Net Income 2016: $88,0652016Revenue 2017: $8,167,329Expenses 2017: $3,298,716Net Income 2017: $4,868,6132017Revenue 2018: $8,586,238Expenses 2018: $7,346,742Net Income 2018: $1,239,4962018Revenue 2019: $19,011,268Expenses 2019: $14,954,181Net Income 2019: $4,057,0872019Revenue 2020: $14,451,268Expenses 2020: $11,748,151Net Income 2020: $2,703,1172020Revenue 2021: $11,542,239Expenses 2021: $12,982,545Net Income 2021: -$1,440,3062021Revenue 2022: $13,725,798Expenses 2022: $16,923,376Net Income 2022: -$3,197,5782022Revenue 2023: $10,964,102Expenses 2023: $13,906,560Net Income 2023: -$2,942,4582023Revenue 2024: $15,106,297Expenses 2024: $16,474,178Net Income 2024: -$1,367,8812024

Highlighted filing

2017

Revenue$8,167,329
Expenses$3,298,716
Net Income$4,868,613
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$12,261,907
Mission and Program Overview

Mission

The mission of Avenue Community Development Corporation ("Avenue") is to invest in people, homes and communities to advance opportunity for all Houstonians. Continued on Schedule O. Avenue's vision is for all Houstonians to have the opportunity to live in quality homes in healthy, vibrant, and inclusive neighborhoods to ensure Houston's future as a world class city.

To build affordable homes and and strengthen communities. Avenue improves communities to enhance the quality of life of working families, and to promote healthy, vibrant and economically diverse neighborhoods to ensure houston's future as a world class city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,527,058$14,229,257▲ $1,702,199
Land, Buildings, and Equipment, Net$5,684,567$11,894,405▲ $6,209,838
Savings and Temporary Cash Investments$2,928,049$5,796,689▲ $2,868,640
Inventories for Sale or Use$2,867,653$4,323,943▲ $1,456,290
Investments Program Related$840,914$765,266▼ $75,648
Cash and Non-Interest-Bearing Accounts$602,994$395,994▼ $207,000
Pledges and Grants Receivable$105,950$380,255▲ $274,305
Investments Other Securities$223,785$201,665▼ $22,120
Accounts Receivable$50,725$195,083▲ $144,358
Prepaid Expenses and Deferred Charges$86,218$78,891▼ $7,327
Total Assets$26,140,181$38,314,093▲ $12,173,912
Other Assets Total$222,268$52,645▼ $169,623
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,376,861$15,562,385▲ $7,185,524
Accounts Payable and Accrued Expenses$185,038$532,697▲ $347,659
Deferred Revenue$128,955$73,765▼ $55,190
Other Liabilities$50,000$50,000→ $0
Total Liabilities$8,740,854$16,218,847▲ $7,477,993
Net Assets / Fund Balance
Unrestricted Net Assets$13,813,701$16,407,075▲ $2,593,374
Temporarily Rstr Net Assets$528,160$3,393,234▲ $2,865,074
Permanently Rstr Net Assets$3,057,466$2,294,937▼ $762,529
Total Net Assets Fund Balance$17,399,327$22,095,246▲ $4,695,919
Total Liabilities and Net Assets / Fund Balance$26,140,181$38,314,093▲ $12,173,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,521,671$1,128,764$7,650,435
Land$5,185,543-$5,185,543
Equipment$187,191$184,463$371,654

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,489,135--$446,740$1,042,395
2016$1,655,169$200,000-$366,034$1,489,135
2015$1,793,961$275,000-$413,792$1,655,169
2014$1,907,770$275,000-$388,809$1,793,961
2013$2,090,031$235,000-$417,261$1,907,770
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary LawlerExecutive DiFT$145,108$9,636$154,744
Mary LawlerExecutive Director-$145,108$9,636$154,744
Fred LazareFinance DireFT$107,641$8,512$116,153
Jenifer WagleyDeputy DirecFT$93,042$8,074$101,116

Board Members and Trustees

NameTitle
Cassandra SilvernailPresident
David JonesDirector
Deborah TesarDirector
Jesus DeandaDirector
Nicola ParenteDirector
Stephen Jamie BryantDirector
Susan HolcombDirector
Tami MerrickDirector
Viola SolomonDirector
Donna EspadasSecretary
Marie D ArcosTreasurer
Mark ParthieVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Lazer Development LLCConstruction10902 SHAWNBROOK DR, Houston, TX 77071$2,942,412
Page Southerland PageArchitectual1100 LOUISIANA STE 1, Houston, TX 77002$324,341
J National Contractor-hurricane17630 DAVENPORT RD STE 104, Dallas, TX 75252$137,500
Sterlin AssociatesConsulting55 WAUGH NO 601, Houston, TX 77007$105,031
Revenue and Support

Revenue Composition

Contributions and Grants
$5,172,150
Program Service Revenue
$2,139,320
Investment Income
$279,267
Other Revenue
$576,592
All Other Contributions
$4,274,585
Change in Net Assets
$4,868,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,088,633
Revenue Not Reported on Financial Statements
$78,696
Revenue Not Reported on Form 990
$4,859,779
Other Revenue Adjustments
$78,696
Total Revenue per Audited Statements
$12,948,412
Total Revenue per Form 990
$8,167,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,971,470
Other Expenses$1,044,782
Total Fundraising Expense$404,288
Grants and Similar Amounts Paid$202,450
Professional Fundraising Fees$80,014

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,109,327$65,259$154,904$1,329,490
Current Officers, Directors, Trustees, and Key Employees$236,180$78,014$31,597$345,791
Fees for Services Other$140,075$60,233-$200,308
Grants to Domestic Individuals$166,250--$166,250
Payroll Taxes$110,322$11,331$15,067$136,720
Occupancy$124,236$1,876$3,320$129,432
Other Employee Benefits$98,481$9,808$15,097$123,386
Office Expenses$77,607$13,723$9,675$101,005
Advertising$12,883$5,559$65,002$83,444
Fees for Services Professional Fundraising--$80,014$80,014
Information Technology$38,598$14,949$4,632$58,179
Insurance$38,989$3,451$7,933$50,373
Depreciation Depletion-$36,839-$36,839
Grants to Domestic Orgs$36,200--$36,200
Pension Plan Contributions$26,776$3,247$6,060$36,083
Travel$29,392$3,711$2,257$35,360
Fees for Services Accounting$243$29,914-$30,157
Conferences and Meetings$10,531$4,172$1,560$16,263
Other Expenses$6,094$4,001$4,969$15,064
Fees for Services Legal$11,156$908-$12,064
All Other Expenses-$8,353$254$8,607
Interest$8,518--$8,518
Total Functional Expenses$2,530,794$363,634$404,288$3,298,716

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,174,375
Expenses Not Reported on Form 990$4,875,659
Expenses per Audited Statements$3,298,716
Total Expenses per Form 990$3,298,716
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Young InvinciblesWashington, DC501c3Workshops$36,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$107,939
Fundraising Direct Expenses$97,170
Professional Fundraising Fees$80,014

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art on the Aven$216,539$107,939$39,321$68,618
Total Events$216,539$107,939$97,170$10,769
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Recoverable Grants$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board of directors and officers are given hard copies or a pdf copy of the form 990 for review before it is filed.

Form 990, Page 6, Part VI, Line 12C

Directors, officers and key employees are required to sign a form annually indicating understanding and acceptance of the organization's code of conduct and conflict of interest policies. These statements are kept on file at the organization's office.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is determined by the board of directors. Board members take into consideration the responsibilities and risks associated with the position as well as past performance. Local compensation trends within the non-profit industry are reviewed as part of this process.

Form 990, Page 6, Part VI, Line 15B

For other officers and key employees the exective director determines compensation using the same types of tools described above.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available via a pdf file to the public upon request.

Filing and Contact Details

Filer

Filer Name
Avenue Community Development
EIN
76-0380602
Phone
7138648099
Address
2505 WASHINGTON RM/STE 400, HOUSTON, TX 77007

Signing Officer

Name
Mary Lawler
Title
Executive Director
Phone
7138648099
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Lawler
Formed
1991
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
44
Volunteers
1,250

Preparer

Firm
Carlos Taboada & Company Pc
Address
1001 S DAIRY ASHFORD STE 370, HOUSTON, TX 77077-2333
Preparer
Carlos Taboada
Phone
2816063011
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Managed affordable rental housing and provided supportive services to apartment tenants including after-school tutoring programs, health and recreational activities.

Form 990, Part X

Debt issuance costs are reported as other assets in line 15 of the form 990. In the financial statements these costs are reported as a reduction of long term debt.

Form 990, Part XI, Line 9

Income tax expense -29,493 bad debt provision -66,000 peartnership income -related -78,696 total -174,189

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Rental expenses 599,712 direct fundraising expenses 97,170 cost of goods sold 3,293,885 unconsolidated revenue from partnerships 869,012

Schedule D, Page 4, Part XI, Line 4B

Partnership income-related 78,696

Schedule D, Page 4, Part XII, Line 2D

Income tax expense 29,493 bad debt provision 66,000 cost of goods sold 3,293,885 direct fundraising expense 97,170 rental expenses 599,712 uncosolidated expenses from partnerships 789,399

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt13FINANCE DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt14DEPUTY DIREC
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IRS990/FormationYr01991
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0108600
IRS990/FundraisingDirectExpensesAmt097170
IRS990/FundraisingGrossIncomeAmt0107939
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IRS990/GrantAmt028025
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IRS990/GrossReceiptsAmt012261907
IRS990/GrossRentsGrp/RealAmt0857317
IRS990/GrossSalesOfInventoryAmt03396900
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/FundraisingAmt07933
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IRS990/InsuranceGrp/TotalAmt050373
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BUILD AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013723
IRS990/OfficeExpensesGrp/ProgramServicesAmt077607
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IRS990/OtherAssetsTotalGrp/EOYAmt052645
IRS990/OtherChangesInNetAssetsAmt0-172694
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015097
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09808
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt098481
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0123386
IRS990/OtherExpensesGrp/Desc0GRANT REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2FOOD AND BEVERAGE
IRS990/OtherExpensesGrp/Desc3BANK FEES
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IRS990/OtherExpensesGrp/FundraisingAmt14969
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08286
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14001
IRS990/OtherExpensesGrp/ProgramServicesAmt0157262
IRS990/OtherExpensesGrp/ProgramServicesAmt170577
IRS990/OtherExpensesGrp/ProgramServicesAmt221097
IRS990/OtherExpensesGrp/ProgramServicesAmt36094
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IRS990/OtherExpensesGrp/TotalAmt170577
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IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2533110
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt178696
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt27187
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0119320
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt17187
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01109327
IRS990/OtherSalariesAndWagesGrp/TotalAmt01329490
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012527058
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt014229257
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0110322
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IRS990/PensionPlanContributionsGrp/FundraisingAmt06060
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03247
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026776
IRS990/PensionPlanContributionsGrp/TotalAmt036083
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03057466
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02294937
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0105950
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0380255
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt086218
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078891
IRS990/PrincipalOfficerNm0MARY LAWLER
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$63.7$43.6$20.0$15.1$16.5$1.37
2023Detailed filing. Detailed filing data is available for this year.$87.2$64.4$22.8$11.0$13.9$2.94
2022Detailed filing. Detailed filing data is available for this year.$86.6$61.6$25.0$13.7$16.9$3.20
2021Detailed filing. Detailed filing data is available for this year.$81.2$53.1$28.1$11.5$13.0$1.44
2020Detailed filing. Detailed filing data is available for this year.$67.9$38.3$29.6$14.5$11.7$2.70
2019Detailed filing. Detailed filing data is available for this year.$55.7$28.3$27.4$19.0$15.0$4.06
2018Detailed filing. Detailed filing data is available for this year.$40.6$17.3$23.2$8.59$7.35$1.24
2017Detailed filing. Detailed filing data is available for this year.$38.3$16.2$22.1$8.17$3.30$4.87
2016Detailed filing. Detailed filing data is available for this year.$26.1$8.74$17.4$2.92$2.84$0.09
2015Detailed filing. Detailed filing data is available for this year.$23.9$6.55$17.4$3.26$2.53$0.74
2014Detailed filing. Detailed filing data is available for this year.$24.1$7.38$16.7$3.55$2.88$0.67
2013Detailed filing. Detailed filing data is available for this year.$25.5$9.39$16.1$6.41$5.92$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$10.6$15.8$4.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$7.46$16.0$1.45