Form 990 for tax year 2022

Filed by OUTREACH DEVELOPMENT CORPORATION.

Totals

Total revenue: $398,121
Total expenses: $226,804
Contributions and grants received: $279,962
Grants paid: $0
Program service revenue: $103,032
Investment income: $9,161
Other revenue: $5,966
Total assets, end of year: $7,596,880
Total liabilities, end of year: $1,124,997
Net assets or fund balances, end of year: $6,471,883
Program services expenses (Part IX): $192,035
Management and general expenses: $34,769
Fundraising expenses: $0
Program service expenses (Part III): $192,035

Program services were 84.7% 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)

$79,862
1f · All other contributions, gifts and grants

$200,100
2a · Program service revenue: RENTAL INCOME

total $103,032 · related or exempt $103,032
3 · Investment income

total $9,161 · excluded $9,161
11a · Other revenue: MISCELLANOUS REVENUE

total $5,966 · excluded $5,966
11e · Other revenue, total

$5,966

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $27,471 · program services $10,775 · management and general $16,696
11b · Fees: legal

total $905 · program services $905
11c · Fees: accounting

total $7,805 · management and general $7,805
13 · Office expenses

total $7,624 · management and general $7,624
16 · Occupancy

total $86,240 · program services $86,240
20 · Interest

total $3,323 · program services $3,323
22 · Depreciation, depletion and amortization

total $46,850 · program services $46,850
23 · Insurance

total $22,432 · program services $20,586 · management and general $1,846
24a · Other expenses: TAXES

total $23,356 · program services $23,356
24b · Other expenses: MISCELLANEOUS

total $798 · management and general $798

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,208,048 · end of year $2,192,163
2 · Savings and temporary cash investments

beginning of year $189,216 · end of year $202,992
4 · Accounts receivable

beginning of year $7,357 · end of year $10,072
7 · Other notes and loans receivable

beginning of year $200,000 · end of year $200,000
9 · Prepaid expenses and deferred charges

beginning of year $4,671 · end of year $5,023
10a · Land, buildings and equipment: cost or other basis

$4,162,796
10b · Land, buildings and equipment: accumulated depreciation

$571,446
10c · Land, buildings and equipment, net

beginning of year $3,632,485 · end of year $3,591,350
13 · Investments: program-related

beginning of year $1,188,832 · end of year $1,395,280
17 · Accounts payable and accrued expenses

beginning of year $47,450 · end of year $47,139
23 · Secured mortgages and notes payable

beginning of year $1,070,544 · end of year $1,070,544
25 · Other liabilities

beginning of year $7,308 · end of year $7,314
27 · Net assets without donor restrictions

beginning of year $4,354,225 · end of year $4,527,749
28 · Net assets with donor restrictions

beginning of year $1,951,082 · end of year $1,944,134

Mission and programs · 2022

Mission

PARTNER TO PRESERVE, ACQUIRE, AND DEVELOP AFFORDABLE HOUSING WITH SERVICES.

OUTREACH DEVELOPMENT CORPORATION (ODC) ADVOCATES FOR AND MOBILIZES PUBLIC/PRIVATE PARTNERSHIPS TO PRESERVE, ACQUIRE AND DEVELOP AFFORDABLE RENTAL HOUSING WITH SERVICES IN THE WEST SUBURBAN COMMUNITIES OF WAYZATA, LONG LAKE, ORONO, HAMEL, MEDINA, MEDICINE LAKE, MINNETONKA BEACH AND PLYMOUTH. THIS HOUSING WILL REMAIN AFFORDABLE OVER TIME, THEREBY SERVING MANY FAMILIES AND INDIVIDUALS AT A VARIETY OF INCOME LEVELS. ODC HEIGHTENED ADVOCACY EFFORTS ON COMMUNITY EDUCATION DESIGNED TO KEEP OUR COMMUNITY INFORMED, ENGAGED AND INVESTED IN SUPPORTING LOCAL HOUSING INITIATIVES AND SOLUTIONS TO OUR LOCAL HOUSING CRISIS, AND TIMELY RELATIONSHIP-BUILDING AND COLLABORATION WITH PUBLIC POLICY LEADERS TO DEVELOP POLICIES CONDUCIVE TO THE PRESERVATION AND DEVELOPMENT OF CREATIVE AFFORDABLE HOUSING OPTIONS. OUR FY23 FOCUS WAS ON SUCCESSFUL ADVOCACY WITH THE CITY OF MEDINA FOR TIF AND WAIVERS SUPPORTIVE OF THE MELROSE COMMONS PROPOSAL FOR STATE FUNDING, AND CONTINUED ENGAGEMENT WITH THE CITY OF PLYMOUTH'S HRA COMMISSION. STAFF, AND COUNCIL ON POLICY RECOMMENDATIONS CONDUCIVE TO THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE HOUSING OPTIONS THAT ADDRESS CRITICAL EXISTING NEED AND VIABLE HOUSING SOLUTIONS GIVEN THE CITY'S GOALS TO MEET 2030 PROJECTED POPULATION GROWTH NEED.

Expenses $192,035 · Revenue $103,032

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Ken DaytonKEN DAYTON

PRESIDENT

Total calculated

$0

Hours/week

1
Jeff HuggettJEFF HUGGETT

VICE PRESIDENT

Total calculated

$0

Hours/week

0.5
Jim UrbanekJIM URBANEK

TREASURER

Total calculated

$0

Hours/week

1
Pam HaackPAM HAACK

TREASURER

Total calculated

$0

Hours/week

0.5
Wendy GevingWENDY GEVING

DIRECTOR

Total calculated

$0

Hours/week

0.5
Ed GoldsmithED GOLDSMITH

DIRECTOR

Total calculated

$0

Hours/week

0.5
Lynn GrollLYNN GROLL

DIRECTOR

Total calculated

$0

Hours/week

0.5
Ladonna HoyLADONNA HOY

DIRECTOR

Total calculated

$0

Hours/week

0.75
Chris PiersonCHRIS PIERSON

DIRECTOR

Total calculated

$0

Hours/week

0.5
Pete SchererPETE SCHERER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Tom ShaverTOM SHAVER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Cherie Shoquist HendersonCHERIE SHOQUIST HENDERSON

DIRECTOR

Total calculated

$0

Hours/week

0.5
Joel SpoonheimJOEL SPOONHEIM

DIRECTOR

Total calculated

$0

Hours/week

0.5
Ben JohnsonBEN JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

0.5
Patrick LacombePATRICK LACOMBE

DIRECTOR

Total calculated

$0

Hours/week

0.5

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

BOULEVARD APARTMENTS LLC

ACQUIRE, REHAB, AND OWN A SIX UNIT AFFORDABLE HOUSING FACILITY · MN · income $68,270 · assets $783,150

Directly controlled by OUTREACH DEVELOPMENT CORPORATION
WAYZATA VILLAGE HOMES LLC

DEVELOP AND OWN A TWO UNIT AFFORDABLE HOUSING FACILITY · MN · income $39,677 · assets $537,439

Directly controlled by OUTREACH DEVELOPMENT CORPORATION
COMMUNITY LEGACY HOMES LLC

DEVELOP AND OWN A SIX UNIT AFFORDABLE HOUSING FACILITY · MN · income $81,014 · assets $1,604,689

Directly controlled by OUTREACH DEVELOPMENT CORPORATION
ODC MELROSE MEDINA LLC

DEVELOPMENT OF NEW AFFORDABLE RENTAL HOUSING COMMUNITY · MN · income $0 · assets $1,052,017

Directly controlled by OUTREACH DEVELOPMENT CORPORATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 20 September 2023
IRS schema version: 2022v5.0
Source object: 202302699349301200

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