Aeon

Mission Statement

Aeon’s mission is to create and sustain quality affordable homes that strengthen lives and communities. Our vision is that every person has a home and is interconnected within community.

Impact and Programs

Accomplishments Aeon celebrated 30 years of creating Home in 2016. Every day, more than 14,000 people are homeless in our community, and many more are on the verge. One of the greatest barriers to finding safe, stable housing is economic. The average income for those living in Aeon’s affordable apartment homes have an average income of $10,843. In 2016, 5,119 individuals and families lived in our 2,700 permanent apartment homes. Twenty-one percent of our households experienced homelessness in the past. Twenty percent of our residents are aged 55+; 32% are children aged 18 or younger. In 2016, our supporters helped us preserve 4 affordable properties in our community, totaling 288 apartment homes that will be affordable now and into the future.
Current Goals Starting in 2016 and guiding us through 2022, our new strategic plan calls for all of Aeon to focus on providing Home opportunities for families and individuals with the greatest barriers to stable housing. We will do this by securing capital, increasing proficiency, and creating homes – at a rate of 300-400 new apartment homes created or preserved each year.
Community or Constituency Served Under Aeon's new strategic plan, we focus our work on serving individuals and families who experience the greatest barriers to achieving housing stability. These barriers include earning household incomes below 30% area median income, facing mental health challenges, formerly experiencing homelessness and issues with chemical dependency.
Geographic Area Served Aeon currently provides individuals and families in the Twin Cities metro region with quality, affordable apartment homes through our 44 properties in Brooklyn Center, Chaska, Columbia Heights, Maplewood, Minneapolis, Mound, Roseville and Saint Paul. Aeon is the largest nonprofit provider of affordable apartments in Minneapolis and the second largest in Minnesota.

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their webiste, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
3 Year Average Expenses
Program Services
$16,638,660
91.9%
Management
$692,442
3.8%
Fundraising
$777,337
4.3%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2015
$-8,551,318
$-5,099,474
($3,451,844)
2014
$-5,099,474
$-6,026,237
$926,763
2013
$-6,026,237
$-6,179,317
$153,080
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Connect

Address:
901 N. 3rd Street
Minneapolis, MN 55401
Phone: 612-341-3148
Website: aeonmn.org

General Information

Alternative Name: Aeon Management Central Community Housing Trust (formerly)
EIN: 41-1558711
Principal Staff: Alan Arthur
Number of Full-Time Equivalents (FTE): 115
Volunteers: 1,101
Number of Clients: 5,119

Board

Board Chair: Lynette Dumalag
Number of Board Members: 18
Board Meetings with Quorum: 5
Average Member Attendance: 12.6

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Let’s Connect

700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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