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← AVALON SECOND NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2025

Filed by AVALON SECOND NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$736,876
Total expenses
$783,581
Contributions and grants received
$146,808
Grants paid
$0
Program service revenue
$552,451
Investment income
$37,617
Other revenue
$0
Total assets, end of year
$6,754,970
Total liabilities, end of year
$7,963,368
Net assets or fund balances, end of year
-$1,208,398
Program services expenses (Part IX)
$755,057
Management and general expenses
$28,524
Fundraising expenses
$0
Program service expenses (Part III)
$755,057

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $146,808

  • 2a · Program service revenue: RENTAL INCOME

    total $552,451 · related or exempt $552,451

  • 3 · Investment income

    total $37,617 · excluded $37,617

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $155,055 · program services $136,360 · management and general $18,695

  • 9 · Other employee benefits

    total $33,088 · program services $28,898 · management and general $4,190

  • 10 · Payroll taxes

    total $12,835 · program services $11,232 · management and general $1,603

  • 11a · Fees: management

    total $28,644 · program services $28,644

  • 11b · Fees: legal

    total $1,022 · program services $1,022

  • 11c · Fees: accounting

    total $11,150 · program services $7,150 · management and general $4,000

  • 11g · Fees: other

    total $107,782 · program services $107,782

  • 13 · Office expenses

    total $41,033 · program services $40,997 · management and general $36

  • 14 · Information technology

    total $3,523 · program services $3,523

  • 16 · Occupancy

    total $95,721 · program services $95,721

  • 17 · Travel

    total $6,197 · program services $6,197

  • 20 · Interest

    total $43,684 · program services $43,684

  • 22 · Depreciation, depletion and amortization

    total $175,517 · program services $175,517

  • 23 · Insurance

    total $64,491 · program services $64,491

  • 24a · Other expenses: CLIENT MOVE IN ASSISTANCE

    total $2,489 · program services $2,489

  • 24b · Other expenses: TENANT RELOCATION COSTS

    total $1,350 · program services $1,350

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $312,706 · end of year $395,578

  • 4 · Accounts receivable

    beginning of year $23,040 · end of year $41,921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,560 · end of year $57,736

  • 10a · Land, buildings and equipment: cost or other basis

    $7,704,100

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,381,073

  • 10c · Land, buildings and equipment, net

    beginning of year $4,852,662 · end of year $5,323,027

  • 14 · Intangible assets

    beginning of year $3,404 · end of year $2,783

  • 15 · Other assets

    beginning of year $949,093 · end of year $933,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,696 · end of year $10,907

  • 23 · Secured mortgages and notes payable

    beginning of year $6,608,737 · end of year $7,153,816

  • 25 · Other liabilities

    beginning of year $727,725 · end of year $798,645

  • 27 · Net assets without donor restrictions

    beginning of year -$1,161,693 · end of year -$1,208,398

Mission and programs · 2025

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.

  • ORGANIZATION DEVELOPS, RENOVATES AND MANAGES LOW-INCOME HOUSING UNITS.

    Expenses $755,057 · Revenue $552,451

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Wojcik

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Linda Rexer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeremy Lapedis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
30 June 2026
IRS schema version
2025v4.0
Source object
202621839349300207

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