Housing & Shelter (L20Z) IRS Verified DX Registered 990 on File

AEON

EIN: 41-1558711 · MINNEAPOLIS, MN 55401-1175 · United States · FY 2024 Data
3 out of 5 48 / 100 Based on 2+ years of filings
Financial strength (30%) No data yet
Reliability (20%) 84/100
Effectiveness (25%) 60/100
Impact (25%) 65/100
Financial data: FY 2025 · Scored 9/13/2026
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AEON logo
44
CharityAI™ Score
out of 100
Mission Statement

Aeon's mission is to create and sustain quality affordable homes that strengthen lives and communities.

Financial Overview — FY 2024
$5.3M
Annual Budget
$44.4M
Total Revenue
$60.8M
Total Expenses
$-65,886,178
Net Assets
318
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 95.3%
Fundraising Efficiency N/A
Operating Reserve -13.01x
Liability-to-Asset 139.1%
Revenue Diversification 61.4%
Executive Compensation $969K
Compared with Peers
FY 2025
Compared with 177 similar organizations (United States, Housing & Shelter, $10M–$100M in expenses), FY 2025. This organization's figures are from FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
95.3% 87.8%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
3.3% 8.7%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.5% 0.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
-13.0 mo 9.4 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
139.1% 46.6%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
61.4% 89.5%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
23.6% 6.5%
P10P90
Expense growth
Year over year expense growth
-18.8% 7.5%
P10P90
Surplus margin
Surplus as a share of revenue
-36.8% 2.6%
P10P90
CharityAI™ Evaluation — 2025
44 / 100
0
Financial
64
Reliability
60
Effectiveness
65
Impact
Financial Strength (30%) 0
Reliability & Transparency (20%) 64
Program Effectiveness (25%) 60
Impact & Outcomes (25%) 65

2 programs 193 staff

IRS Verified 95% Data Complete
Impact
2 programs
Outcome / Program People Served Cost / Service # Completed Duration
Low- and moderate-income residents have stable housing and access to services when needed. 7,000 $762.90 Lifetime
Individuals have stable homes and avoid homelessness. 7,000 $762.90 Lifetime
Geographic Reach
Local 100%
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $44.4M $60.8M $-65,886,178 95.3% 318
2023 $35.9M $74.9M $-49,668,833 95.7% 349
2022 $34.8M $50.3M $-10,659,753 93.6% 362
2021 $37.1M $44.8M $2.7M 93.6% 313
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Organization Details
EIN
41-1558711
State
MN
City
MINNEAPOLIS
ZIP
55401-1175
Classification
L20Z
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1986
Foundation Code
15
Form 990
On File
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