AEON Charity Report - YouCanGiveBack

Public IRS 990 nonprofit record

AEON

EIN 41-1558711 · Housing & Shelter (L20Z)

What they do

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, REMAINING RESPONSIBLE and RESPONSIVE to THE COMMUNITY, NEIGHBORHOOD and RESIDENTS IT SERVES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

130.33%of revenue went to mission work95.3% of expenses · Program services

2.00%of revenue went to fundraising1.5% of expenses

$136.79spent for every $100 of revenueSpending was higher than revenue this year.

4.46%of revenue went to management and office costs3.3% of expenses

$2.77in assets for every $1 spent this yearSome assets cannot be spent right away.

35.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $16,345,884 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $308,162 for ERIC JOHNSON (PRESIDENT & CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,429,925

Mission workProgram services$57,903,668130.33% of revenue95.3% of expenses

ManagementOffice and general costs$1,982,2024.46% of revenue3.3% of expenses

FundraisingAsking for donations$889,9392.00% of revenue1.5% of expenses

Total expenses$60,775,809136.79% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.3% mission · 3.3% management · 1.5% fundraisingTotal expenses: 136.79% of revenue

2023Expense mix: 95.7% mission · 2.8% management · 1.5% fundraisingTotal expenses: 208.36% of revenue

2022Expense mix: 93.6% mission · 4.2% management · 2.3% fundraisingTotal expenses: 144.64% of revenue

2021Expense mix: 93.6% mission · 4.1% management · 2.4% fundraisingTotal expenses: 120.69% of revenue

2020Expense mix: 92.8% mission · 4.1% management · 3.1% fundraisingTotal expenses: 107.06% of revenue

2019Expense mix: 85.0% mission · 9.1% management · 5.9% fundraisingTotal expenses: 108.77% of revenue

2018Expense mix: 89.0% mission · 6.6% management · 4.4% fundraisingTotal expenses: 109.47% of revenue

2017Expense mix: 88.0% mission · 5.8% management · 6.3% fundraisingTotal expenses: 100.82% of revenue

Money in and money out

Revenue$44,429,925

Expenses$60,775,809

Annual shortfall $16,345,884 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$57,903,668 · 95.3% of expenses

Management and office costs$1,982,202 · 3.3% of expenses

Fundraising$889,939 · 1.5% of expenses

See all reported dollar amounts

Revenue$44,429,925

Expenses$60,775,809

Assets$168,575,474

Income$44,482,074

Contributions$15,956,347

Mission work (program services)$57,903,668

Fundraising$889,939

Management and general$1,982,202

Executive compensation (total)$999,723

Accounting fees$99,355

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ERIC JOHNSONPRESIDENT & CHIEF EXECUTIVE OFFICER · 50 hrs/week $308,162Base $285,548 · Other $22,614

LAURA RUSSCHIEF REAL ESTATE OFFICER · 50 hrs/week $249,685Base $247,169 · Other $2,516

CAROLINE HORTONCHIEF FINANCIAL OFFICER · 50 hrs/week $226,325Base $215,762 · Other $10,563

ANGELA EMMRICHVICE PRESIDENT OF HUMAN RESOURCES · 50 hrs/week $193,881Base $171,665 · Other $22,216

TYLER PARETTECHIEF POLICY & PARTNERSHIPS OFFICER · 50 hrs/week $189,951Base $179,576 · Other $10,375

DAVID KEINERTEXECUTIVE VP OF OPERATIONS · 50 hrs/week $187,914Base $186,150 · Other $1,764

GREGORY STEGEMANCONTROLLER · 50 hrs/week $181,550Base $180,288 · Other $1,262

MARY ROUTHIEAUXVICE PRESIDENT OF ADVANCEMENT · 50 hrs/week $171,031Base $160,043 · Other $10,988

JUAN TORRESDIRECTOR OF HOUSING DEVELOPMENT · 50 hrs/week $149,060Base $139,717 · Other $9,343

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

ERIC JOHNSONPRESIDENT & CHIEF EXECUTIVE OFFICER

LAURA RUSSCHIEF REAL ESTATE OFFICER

CAROLINE HORTONCHIEF FINANCIAL OFFICER

ANGELA EMMRICHVICE PRESIDENT OF HUMAN RESOURCES

TYLER PARETTECHIEF POLICY & PARTNERSHIPS OFFICER

DAVID KEINERTEXECUTIVE VP OF OPERATIONS

GREGORY STEGEMANCONTROLLER

MARY ROUTHIEAUXVICE PRESIDENT OF ADVANCEMENT

JUAN TORRESDIRECTOR OF HOUSING DEVELOPMENT

MARTHA SWANSONDIRECTOR

BOB TIMPERLEYDIRECTOR

SHAWN POWERDIRECTOR

SAREOUN EARMDIRECTOR

SARAH MOBERGDIRECTOR

RICK PURCELLDIRECTOR

OSCAR YANEZDIRECTOR

MELISSA DOWNEYBOARD CHAIRPERSON

MATT PLECDIRECTOR

MARTHA NEVANENBOARD VICE CHAIRPERSON

LINDA STAGEDIRECTOR

CATHERINE SIMMONS-FAYE JONESDIRECTOR

JOE ABRAHAMDIRECTOR

JACKIE FOSTERDIRECTOR

GREG WERNERBOARD SECRETARY

DAN REEDDIRECTOR

About this charity

Recognized since: January 1986
Location: 901 N 3RD ST STE 150, MINNEAPOLIS, MN 55401-1175
County: Hennepin
In care of: CAROLINE HORTON
Primary officer: CAROLINE HORTON, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailmyhome@aeon.org Phone(612) 341-3148

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Housing & Shelter (L20Z)
IRS tax category: Other Community Housing Services

AEON

AEON

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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