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Aeon

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411558711 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Aeon?

Aeon is a Minneapolis-based nonprofit organization dedicated to providing affordable housing solutions for individuals and families with low to moderate incomes. With a presence across 60 properties in the Twin Cities Metro Region of Minnesota, Aeon serves over 17,000 people each year, including those who have experienced homelessness, seniors, people with mental and chemical health issues, and others facing housing instability. Their mission is to create and sustain quality affordable homes that strengthen lives and communities. Aeon acquires, improves, and preserves decent, safe, and affordable housing for very low, low, and moderate income persons, ensuring responsibility and responsiveness towards the communities, neighborhoods, and residents it serves. Their workforce comprises 362 employees.


Official website here: www.aeon.org

Is Aeon legitimate?

Aeon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aeon submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,327,680
Professional Fundraising Fees: $92,526
Other Salaries and Wages: $8,553,090

For more financial information, click here


Official website here: www.aeon.org

What is the mission statement of Aeon?

Aeon is dedicated to creating and maintaining affordable homes that enhance lives and communities. Through their acquisitions, improvements, and preservations, they provide decent, safe, and affordable housing for individuals with low to moderate incomes. This organization remains committed to its community, responding to the needs of its residents, which include those who have experienced homelessness, seniors, people with mental and chemical health issues, and others facing housing stability challenges. Each year, Aeon serves over 17,000 people across 60 properties.


Official website here: www.aeon.org

Who is the CEO of Aeon?

Eric Anthony Johnson is the Board Chairperson of Aeon. The CEO's salary of Aeon is $157,600 and their total compensation is $175,213.


Official website here: www.aeon.org

What is the revenue of Aeon?

Aeon's revenue in 2022 was $34,793,622.


Official website here: www.aeon.org

Who are the executives of Aeon and what are their salaries?

The average compensation at Aeon during 2022 was $27,295. There are 362 employees and 369 volunteers at Aeon.

Here are 28 key members and their salaries (Aeon's CEO's salary is $157,600 and their total compensation is $175,213):

    Eric Johnson (President & Chief Executive Office)
  • Compensation: $255,414
  • Related: $0
  • Other: $15,697

    • Santiago De Angulo (Executive Vp Property Operations)
  • Compensation: $245,409
  • Related: $0
  • Other: $16,331

    • Sarah Harris (Executive Vp Strategy, Partnerships - Outgoing)
  • Compensation: $241,377
  • Related: $0
  • Other: $17,004

    • Caroline Horton (Chief Financial Officer)
  • Compensation: $215,000
  • Related: $0
  • Other: $15,650

    • Virginia Brown (Chief Transformation Officer)
  • Compensation: $178,172
  • Related: $0
  • Other: $14,249

    • Angela Emmrich (Vp Of Human Resources)
  • Compensation: $154,679
  • Related: $0
  • Other: $24,684

    • Alan Arthur (Advisor To The President & Ceo)
  • Compensation: $157,600
  • Related: $0
  • Other: $17,613

    • Kayla Gibbons (Director Of Operations)
  • Compensation: $131,345
  • Related: $0
  • Other: $23,064

    • Susan Hackett (Director Of Special Projects)
  • Compensation: $132,627
  • Related: $0
  • Other: $13,381

    • Derek Gustafson (Property Accounting Manager)
  • Compensation: $125,552
  • Related: $0
  • Other: $12,855

    • William Mague (Director Of Housing Development)
  • Compensation: $119,349
  • Related: $0
  • Other: $12,888

    • Martha Swanson (Board Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Downey (Board Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Anderson (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tami Diehm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sareoun Earm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jackie Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tanessa Greene (Director (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cj Catherine Simmons-Faye Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Priya Morioka (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Nevanen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Plec (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Purcell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Timperley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Werner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Oscar Yanez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aeon.org

    Where can I find the form 990 for Aeon?

    The Aeon’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aeon.org

    Learn more at the official website: www.aeon.org

    Mission Statement of Aeon

    Aeon, a renowned nonprofit organization, is dedicated to creating and maintaining quality, affordable homes that significantly enhance lives and foster vibrant communities. Through its mission, Aeon acquires, improves, and preserves decent, safe, and affordable housing units for individuals with very low, low, and moderate incomes. The organization prides itself on its commitment to the communities and residents it serves, remaining responsive and responsible in its operations.

    In the realm of rental housing, Aeon owns and manages affordable apartment homes, providing shelter for over 17,000 people annually across 60 properties in the Twin Cities Metropolitan Area of Minnesota. The organization's residents include a diverse population, such as those who have experienced homelessness, youth, seniors, and individuals with mental and chemical health issues, among others. By offering affordable housing options, Aeon plays a crucial role in promoting housing stability and improving the overall well-being of its residents.

    Impact

    This information is meant to be a general summary of Aeon. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Aeon's impact lies in creating and sustaining quality affordable homes that strengthen lives and communities. Through its rental operations, Aeon owns and operates affordable apartment homes for residents with low or moderate incomes. Every year, Aeon serves more than 17,000 people across 60 properties in the Twin Cities metro region of Minnesota. Its residents include individuals who have experienced homelessness, youth, seniors, people with mental and chemical health issues, and others facing challenges in maintaining housing stability. Aeon's mission is to acquire, improve, and preserve decent, safe, and affordable housing for very low, low, and moderate-income persons while remaining responsible and responsive to the community, neighborhood, and residents it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $618,627
  • Program Service Revenue: $26,101,415
  • Gross Receipts: $34,856,903

    • Assets and Liabilities:
  • Total Assets: $203,603,573
  • Total Liabilities: $214,263,326
  • Net Assets: -$10,659,753
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL OPERATIONS

    Revenue

    $20,804,440

    MANAGEMENT FEES

    Revenue

    $2,990,562

    DEVELOPER FEES AND ACQ

    Revenue

    $2,180,357

    INVESTMENT IN OTHER EN

    Revenue

    $126,056

    Organization Details

    Founding Year

    1986

    Principal Officer

    Eric Anthony Johnson

    Main Address

    901 NORTH THIRD STREET 150, MINNEAPOLIS, MN, 55401

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Aeon and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.