2025-07-02T12:21:16-04:00 2024-12-31 383388760 POLK AND ASSOCIATES PLC 27365 HARPER AVE SAINT CLAIR SHORES MI 480811920 990 2024-01-01 141977260 AVALON SECOND NONPROFIT HOUSING CORPORATION AVAL 7346635858 1327 JONES DRIVE SUITE 102 ANN ARBOR MI 48105 AARON COOPER EXECUTIVE DIRECTOR 7346635858 2025-06-27 true true DANIEL PERLIN P01397188 2486425700 2025-07-01 2024 2025-03-06 01:10:19Z AARON COOPER 1327 JONES DRIVE SUITE 102 ANN ARBOR MI 48105 667043 false X WWW.AVALONHOUSING.ORG X 2001 MI THE MISSION OF AVALON SECOND NONPROFIT HOUSING CORPORATION IS TO DEVELOP, OWN, AND/OR MANAGE PERMANENT LEASED HOUSING THAT IS AFFORDABLE TO LOW- INCOME PEOPLE,INCLUDING THOSE WITH LOW WAGE EMPLOYMENT OR IN FIXED INCOMES. AVALON SECOND NONPROFIT HOUSING CORPORATION BELIEVES THAT HOUSING IS A HUMAN RIGHT. AVALON SECOND NONPROFIT HOUSING CORPORATION CONTRACTS FOR SUPPORTIVE SERVICES FOR ADULTS AND CHILDREN LIVING IN SUPPORTIVE HOUSING WITH THE GOALS OF HELPING THEM MAINTAIN HOUSING STABILITY, INCREASE SELF- DETERMINATION AND BUILD COMMUNITY. AVALON SECOND NONPROFIT HOUSING CORPORATION SEEKS TO DEVELOP SUPPORTIVE HOUSING IN A VARIETY OF LOCATIONS WITHIN WASHTENAW COUNTY AND OUTLYING AREAS IN RESPONSE TO IDENTIFIED NEEDS AND OPPORTUNITIES. 3 3 0 0 131704 102783 488973 526645 36276 37615 0 656953 667043 0 0 132675 183208 0 0 570980 668853 703655 852061 -46702 -185018 6352375 6185465 7329050 7347158 -976675 -1161693 X THE MISSION OF AVALON SECOND NONPROFIT HOUSING CORPORATION IS TO DEVELOP, OWN, AND/OR MANAGE PERMANENT LEASED HOUSING THAT IS AFFORDABLE TO LOW- INCOME PEOPLE,INCLUDING THOSE WITH LOW WAGE EMPLOYMENT OR IN FIXED INCOMES. AVALON SECOND NONPROFIT HOUSING CORPORATION BELIEVES THAT HOUSING IS A HUMAN RIGHT. AVALON SECOND NONPROFIT HOUSING CORPORATION CONTRACTS FOR SUPPORTIVE SERVICES FOR ADULTS AND CHILDREN LIVING IN SUPPORTIVE HOUSING WITH THE GOALS OF HELPING THEM MAINTAIN HOUSING STABILITY, INCREASE SELF- DETERMINATION AND BUILD COMMUNITY. AVALON SECOND NONPROFIT HOUSING CORPORATION SEEKS TO DEVELOP SUPPORTIVE HOUSING IN A VARIETY OF LOCATIONS WITHIN WASHTENAW COUNTY AND OUTLYING AREAS IN RESPONSE TO IDENTIFIED NEEDS AND OPPORTUNITIES. false false 828690 526645 ORGANIZATION DEVELOPS, RENOVATES AND MANAGES LOW-INCOME HOUSING UNITS. 828690 true false false false false false false false false false true false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 6 0 true 0 false false false false false false false false false false false false X 3 3 true false false false false false false true true false false true true true true true true false false false MI X AARON COOPER 7346635858 1327 JONES DRIVE SUITE 102 ANN ARBOR MI 48105 X GARY BRUDER TREASURER 1.00 2.00 X X 0 0 0 LINDA REXER SECRETARY 1.00 2.00 X X 0 0 0 JEREMY LAPEDIS PRESIDENT 1.00 4.00 X X 0 0 0 false false false 102783 102783 RENTAL INCOME 531110 526645 526645 526645 37615 37615 667043 526645 37615 X 141027 125770 15257 30067 27158 2909 12114 10768 1346 27896 27896 2522 2522 10750 6900 3850 199050 199050 57355 57346 9 3383 3383 97885 97885 4489 4489 43684 43684 174532 174532 44506 44506 TENANT RELOCATION COSTS 2801 2801 852061 828690 23371 0 393199 312706 21712 23040 28534 44560 7058839 2206177 5014703 4852662 4031 3404 890196 949093 6352375 6185465 7465 10696 6598925 6608737 722660 727725 7329050 7347158 X -976675 -1161693 -976675 -1161693 6352375 6185465 -185018 X false true X true false X 167480 84521 137763 131704 102783 624251 167480 84521 137763 131704 102783 624251 624251 16512 18065 27808 36276 37615 136276 760527 2347990 0.82080 0.83850 X 705450 705450 6331200 2192661 4138539 22189 13516 8673 4852662 OPERATING ESCROW 942792 TAX AND INSURANCE ESCROWS 6301 949093 RELATED PARTY NOTES PAYABLE 650769 INS. PROCEEDS REC. IN EXCESS OF DISB 35411 SECURITY DEPOSIT PAYABLE 25975 PREPAID RENT 15570 727725 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT HAS ANALYZED THE TAX POSITIONS OF THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT REQUIRE RECOGNITION OF A LIABILITY OF DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT IT WOULD NOT BE SUBJECT TO ANY INCOME TAX EXAMINATIONS PRIOR TO 2021. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF AVALON SECOND NONPROFIT HOUSING CORPORATION IS TO DEVELOP, OWN, AND/OR MANAGE PERMANENT LEASED HOUSING THAT IS AFFORDABLE TO LOW- INCOME PEOPLE,INCLUDING THOSE WITH LOW WAGE EMPLOYMENT OR IN FIXED INCOMES. AVALON SECOND NONPROFIT HOUSING CORPORATION BELIEVES THAT HOUSING IS A HUMAN RIGHT. AVALON SECOND NONPROFIT HOUSING CORPORATION CONTRACTS FOR SUPPORTIVE SERVICES FOR ADULTS AND CHILDREN LIVING IN SUPPORTIVE HOUSING WITH THE GOALS OF HELPING THEM MAINTAIN HOUSING STABILITY, INCREASE SELF- DETERMINATION AND BUILD COMMUNITY. AVALON SECOND NONPROFIT HOUSING CORPORATION SEEKS TO DEVELOP SUPPORTIVE HOUSING IN A VARIETY OF LOCATIONS WITHIN WASHTENAW COUNTY AND OUTLYING AREAS IN RESPONSE TO IDENTIFIED NEEDS AND OPPORTUNITIES. FORM 990, PAGE 6, PART VI, LINE 2 AVALON NONPROFIT HOUSING CORP. AVALON NONPROFIT HOUSING CORP. PRESIDENT SECRETARY BOARD MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B FINANCE COMMITTEE, EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE REVIEW 990 AND APPROVE FOR FORWARDING TO FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL SIGNED RESTATEMENT OF POLICY BY BOARD MEMBERS. BOARD MEMBERS WITH CONFLICTS DISCLOSE AND ABSTAIN FROM VOTING ON ISSUE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FINANCE DEPARTMENT OFFICE. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES 194,895 0 0 UNIT INSPECTION FEE 4,155 0 0 TOTAL 199,050 0 0 AVALON NONPROFIT HOUSING CORPORATIO 1327 JONES DR SUITE 102 ANN ARBOR MI 48105 383086920 AFFORDABLE MI 501C3 10 NA false false false false false false false false false false false false false false false false true false false false