Form 990 for tax year 2023
Filed by OUTREACH DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $265,280
- Total expenses
- $305,220
- Contributions and grants received
- $97,246
- Grants paid
- $0
- Program service revenue
- $115,895
- Investment income
- $51,271
- Other revenue
- $868
- Total assets, end of year
- $7,550,381
- Total liabilities, end of year
- $1,138,704
- Net assets or fund balances, end of year
- $6,411,677
- Program services expenses (Part IX)
- $237,699
- Management and general expenses
- $67,521
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $237,699
Program services were 77.9% 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)
$68,005
-
1f · All other contributions, gifts and grants
$29,241
-
2a · Program service revenue: RENTAL INCOME
total $115,895 · related or exempt $115,895
-
3 · Investment income
total $51,271 · excluded $51,271
-
11a · Other revenue: MISCELLANOUS REVENUE
total $868 · excluded $868
-
11e · Other revenue, total
$868
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $38,810 · program services $16,855 · management and general $21,955
-
11b · Fees: legal
total $54 · program services $54
-
11c · Fees: accounting
total $26,649 · management and general $26,649
-
13 · Office expenses
total $6,663 · management and general $6,663
-
16 · Occupancy
total $123,018 · program services $123,018
-
20 · Interest
total $3,289 · program services $3,289
-
22 · Depreciation, depletion and amortization
total $46,844 · program services $46,844
-
23 · Insurance
total $22,208 · program services $19,356 · management and general $2,852
-
24a · Other expenses: TAXES
total $28,283 · program services $28,283
-
24b · Other expenses: MISCELLANEOUS
total $9,402 · management and general $9,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $683,467 · end of year $435,226
-
2 · Savings and temporary cash investments
beginning of year $1,711,688 · end of year $1,989,907
-
4 · Accounts receivable
beginning of year $10,072 · end of year $2,762
-
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 $5,023 · end of year $693
-
10a · Land, buildings and equipment: cost or other basis
$4,164,866
-
10b · Land, buildings and equipment: accumulated depreciation
$618,289
-
10c · Land, buildings and equipment, net
beginning of year $3,591,350 · end of year $3,546,577
-
13 · Investments: program-related
beginning of year $1,395,280 · end of year $1,375,216
-
17 · Accounts payable and accrued expenses
beginning of year $47,139 · end of year $68,160
-
23 · Secured mortgages and notes payable
beginning of year $1,070,544 · end of year $1,070,544
-
25 · Other liabilities
beginning of year $7,314 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,527,749 · end of year $4,479,178
-
28 · Net assets with donor restrictions
beginning of year $1,944,134 · end of year $1,932,499
Mission and programs · 2023
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 ITS ADVOCACY EFFORTS ON COMMUNITY OUTREACH AND EDUCATION DESIGNED TO KEEP OUR COMMUNITY INFORMED, ENGAGED AND INVESTED IN 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. IN FY2024 ODC SUCCESSFULLY ADVOCATED WITH THE CITY OF PLYMOUTH RESULTING IN PASSAGE OF AN INCLUSIONARY HOUSING POLICY CONDUCIVE TO PRESERVATION AND DEVELOPMENT OF A CONTINUUM OF AFFORDABLE HOUSING OPTIONS THAT ADDRESS CURRENT AND PROJECTED NEED.
Expenses $237,699 · Revenue $115,895
As filed on the 2023 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
-
Pam HaackPAM HAACK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew PlecMATTHEW PLEC
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave CornilleDAVE CORNILLE
DIRECTOR
- 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
-
Cherie Shoquist HendersonCHERIE SHOQUIST HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ladonna HoyLADONNA HOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.75
-
Ben JohnsonBEN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick LacombePATRICK LACOMBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
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
-
Joel SpoonheimJOEL SPOONHEIM
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 $65,783 · assets $767,012
Directly controlled by OUTREACH DEVELOPMENT CORPORATION
-
WAYZATA VILLAGE HOMES LLC
DEVELOP AND OWN A TWO UNIT AFFORDABLE HOUSING FACILITY · MN · income $43,411 · assets $534,535
Directly controlled by OUTREACH DEVELOPMENT CORPORATION
-
COMMUNITY LEGACY HOMES LLC
DEVELOP AND OWN A SIX UNIT AFFORDABLE HOUSING FACILITY · MN · income $77,884 · assets $1,593,454
Directly controlled by OUTREACH DEVELOPMENT CORPORATION
-
ODC MELROSE MEDINA LLC
DEVELOPMENT OF NEW AFFORDABLE RENTAL HOUSING COMMUNITY · MN · assets $1,052,017
Directly controlled by OUTREACH DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422889349302412
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