HOUSING ALTERNATIVES DEVELOPMENT COMPANY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- HOUSING ALTERNATIVES DEVELOPMENT COMPANY (EIN 41-1670818)
- Tax period
- 2018-04-01 to 2019-03-31
- Filed
- 2020-02-17
- IRS object ID
- 202020489349300217
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-02-17T10:09:04-06:00 | ReturnTs |
| Tax Period End | 2019-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 Burnt Boat Loop Ste 100 | AddressLine1Txt |
| City | Bismarck | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 585030886 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411670818 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Housing Alternatives Development Company | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOUS | BusinessNameControlTxt |
| Phone | 9524731103 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18336 Minnetonka Blvd Ste C | AddressLine1Txt |
| City | Deephaven | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Brian Weisberg | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 9524731103 | PhoneNum |
| Signature | 2020-02-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lisa Chaffee CPA | PreparerPersonNm |
| PTIN | P00193453 | PTIN |
| Phone | 7012551091 | PhoneNum |
| Preparation | 2020-02-10 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 216.147.180.201 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-02-10 | IPDt |
| IP Tm | 13:35:24 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 38C0D8FF55FA272924E83028D6B9FABEF20E0653 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DEA5AAEEBA04E2AF66A8E14BCCBEC2FC2C377148 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Brian Weisberg | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18336 Minnetonka Blvd Ste C | AddressLine1Txt |
| City | Deephaven | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,346,342 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | Owns, manages, and operates low to moderate income housing and senior housing. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 239 | TotalEmployeeCnt |
| Total Volunteers | 35 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,083,051 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,039,461 | CYProgramServiceRevenueAmt |
| PY Investment Income | $356,262 | PYInvestmentIncomeAmt |
| CY Investment Income | $440,655 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,439,313 | PYTotalRevenueAmt |
| CY Total Revenue | $4,480,116 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,325 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,743 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,743,902 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,150,668 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,311,900 | PYOtherExpensesAmt |
| CY Other Expenses | $2,825,294 | CYOtherExpensesAmt |
| PY Total Expenses | $4,063,127 | PYTotalExpensesAmt |
| CY Total Expenses | $4,982,705 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$623,814 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$502,589 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,054,317 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,139,960 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $16,433,556 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,279,780 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,620,761 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,860,180 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Housing Alternatives Development Company (HADC) and its affiliates, through the acquisition, construction, rehabilitation, and operation of a variety of rental housing will strive to:Continued on Schedule O... | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,282,945 | ExpenseAmt |
| Grant | $6,743 | GrantAmt |
| Revenue | $4,039,461 | RevenueAmt |
| Desc | The corporation is the sole owner/member of HADC Cloquet, LLC who owns Evergreen Knoll, a 62-unit assisted living facility for elderly in Cloquet, Minnesota. HADC Cloquet, LLC also owns Evergeen Cottages, 24 cottage style quad homes in Cloquet. Evergreen is a Senior Living Campus for adults who want to remain independent while having access to services and amenities. Their goal is to provide quality senior housing options that offer comfortable living environments, with programs and services that encourage continued independence and active retirement combined with preventative and supportive health care.The corporation is the sole owner/member of HADC Wadena, LLC who owns The Meadows of Wadena Senior Living, a 37-unit assisted living and 10-unit memory care facility for elderly in Wadena, Minnesota. The Meadows is an assisted living facility for adults who want to remain independent while having access to services and amenities. Their goal is to provide quality senior housing options that offer comfortable living environments, with programs and services that encourage continued independence and active retirement combined with preventative and supportive health care.The Corporation is the sole owner/member of HADC Services, LLC. HADC Services, LLC was formed to be a licensed home health care provider and employer of on-site personnel for the HADC Ridgeway and HADC Cloquet projects. | Desc |
| Total Program Service Expenses | $4,282,945 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 35 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 239 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brad Stedman CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7013563101 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 656 1921 6th St E | AddressLine1Txt |
| City | West Fargo | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58078 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| Curtis Geissler | ||||||||
| Chairman | 4.00 | 1.00 | Yes (X) | Yes (X) | $6,000 | $0 | $0 | |
| Brian Weisberg | ||||||||
| Treasurer | 4.00 | 1.00 | Yes (X) | Yes (X) | $6,000 | $0 | $0 | |
| William Hyers | ||||||||
| Secretary | 4.00 | 1.00 | Yes (X) | Yes (X) | $6,000 | $0 | $0 | |
| Paul Abzug | ||||||||
| CEO/President | 45.00 | 10.00 | Yes (X) | $301,693 | $0 | $10,530 | ||
| Charles L Darth | ||||||||
| Former Director | 16.00 | 4.00 | $36,000 | $0 | $0 | Yes (X) | ||
| Louis Stocco Dir of Development | ||||||||
| (thru Dec)/Former Director | 20.00 | 0.00 | $73,347 | $0 | $0 | Yes (X) | ||
| Daniel Pakonen Dir of Operation | ||||||||
| (thru Dec)/Former Director | 20.00 | 0.00 | $69,680 | $0 | $1,750 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $498,720 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $12,280 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mark Stone Construction Company | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 414 Bryant Avenue SW | AddressLine1Txt |
| City | Wadena | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56482 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Construction Services | ServicesDesc |
| Compensation | $183,938 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Resident Service Rev. | 531110 | $3,727,646 | $3,727,646 |
| Other Program Income | 531390 | $111,119 | $111,119 |
| Asset Management Fee | 531390 | $81,096 | $81,096 |
| Management Fee Income | 531390 | $66,000 | $66,000 |
| TIF Receipts | 531390 | $53,600 | $53,600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,039,461 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $206,724 | TotalRevenueColumnAmt |
| Exclusion | $206,724 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,100,157 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $866,226 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $233,931 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $233,931 | TotalRevenueColumnAmt |
| Exclusion | $233,931 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,480,116 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,039,461 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $440,655 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,743 | TotalAmt |
| Program Services | $6,743 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $317,865 | TotalAmt |
| Management And General | $317,865 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,167 | TotalAmt |
| Management And General | $143,167 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,459,181 | TotalAmt |
| Program Services | $1,455,564 | ProgramServicesAmt |
| Management And General | $3,617 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,834 | TotalAmt |
| Program Services | $8,834 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,497 | TotalAmt |
| Program Services | $83,497 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,124 | TotalAmt |
| Program Services | $124,513 | ProgramServicesAmt |
| Management And General | $13,611 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,941 | TotalAmt |
| Management And General | $88,941 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,475 | TotalAmt |
| Management And General | $84,475 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,250 | TotalAmt |
| Management And General | $3,250 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,230 | TotalAmt |
| Program Services | $37,593 | ProgramServicesAmt |
| Management And General | $39,637 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,387 | TotalAmt |
| Program Services | $62,387 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,305 | TotalAmt |
| Program Services | $202,305 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $520,588 | TotalAmt |
| Program Services | $520,588 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,182 | TotalAmt |
| Program Services | $15,182 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,174 | TotalAmt |
| Program Services | $9,174 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $773,397 | TotalAmt |
| Program Services | $773,397 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $505,897 | TotalAmt |
| Program Services | $505,897 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,321 | TotalAmt |
| Program Services | $52,321 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Food Costs | $260,816 | $260,816 |
| Repairs and Maintenance | $79,706 | $79,706 |
| Bad Debt | $58,021 | $58,021 |
| Licenses and Permits | $9,129 | $9,129 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,475 | TotalAmt |
| Program Services | $17,278 | ProgramServicesAmt |
| Management And General | $5,197 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,982,705 | TotalAmt |
| Program Services | $4,282,945 | ProgramServicesAmt |
| Management And General | $699,760 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $231,037 | BOYAmt |
| EOY | $504,929 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,358 | BOYAmt |
| EOY | $346,347 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,656 | BOYAmt |
| EOY | $34,582 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $16,511,072 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,361,464 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,223,852 | BOYAmt |
| EOY | $12,149,608 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,425,316 | BOYAmt |
| EOY | $6,318,034 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,393,398 | BOYAmt |
| EOY | $1,119,523 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,538,700 | BOYAmt |
| EOY | $1,666,937 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,054,317 | BOYAmt |
| EOY | $22,139,960 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $691,221 | BOYAmt |
| EOY | $799,639 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,005 | BOYAmt |
| EOY | $67,667 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,737,579 | BOYAmt |
| EOY | $14,665,635 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $792,751 | BOYAmt |
| EOY | $746,839 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,433,556 | BOYAmt |
| EOY | $16,279,780 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,620,761 | BOYAmt |
| EOY | $5,860,180 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,620,761 | BOYAmt |
| EOY | $5,860,180 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,054,317 | BOYAmt |
| EOY | $22,139,960 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$502,589 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$433,493 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $175,501 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $500 | CurrentTaxYearMinus4YearsAmt |
| Total | $500 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,601,590 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,680,223 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,574,169 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,083,051 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,039,461 | CurrentTaxYearAmt |
| Total | $14,978,494 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,602,090 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,680,223 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,574,169 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,083,051 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,039,461 | CurrentTaxYearAmt |
| Total | $14,978,994 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $386,907 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $440,777 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $551,350 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $311,730 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $173,114 | CurrentTaxYearAmt |
| Total | $1,863,878 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $386,907 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $440,777 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $551,350 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $311,730 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $173,114 | CurrentTaxYearAmt |
| Total | $1,863,878 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $13,115,116 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $92,418 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $139,850 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $152,011 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $214,284 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $206,724 | CurrentTaxYearAmt |
| Total | $805,287 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $92,418 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $139,850 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $152,011 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $214,284 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $206,724 | CurrentTaxYearAmt |
| Total | $805,287 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,694,508 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,820,073 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,726,180 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,297,335 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,246,185 | CurrentTaxYearAmt |
| Total | $15,784,281 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.83090 | PublicSupportCY509Pct |
| Public Support PY509 | 0.82720 | PublicSupportPY509Pct |
| Investment Income CY | 0.05100 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04810 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $829,455 | OtherCostOrOtherBasisAmt |
| Book Value | $829,455 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,581,172 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,380,724 | DepreciationAmt |
| Book Value | $10,200,448 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,083,487 | OtherCostOrOtherBasisAmt |
| Depreciation | $679,567 | DepreciationAmt |
| Book Value | $403,920 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,016,958 | OtherCostOrOtherBasisAmt |
| Depreciation | $301,173 | DepreciationAmt |
| Book Value | $715,785 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,149,608 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Trust Accounts | Desc |
| Book Value | $1,119,523 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,119,523 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CASH SURRENDER VALUE LIFE INS. | $1,602,436 |
| SECURITY DEPOSITS | $64,501 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,666,937 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,134,186 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$433,493 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $4,235,678 | OtherRevenueAmt |
| Revenue Not Reported | $3,802,185 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,332,001 | RevenueSubtotalAmt |
| Other Revenues Not Included | $148,115 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $148,115 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,480,116 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,915,938 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,081,348 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,081,348 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,834,590 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $148,115 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $148,115 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,982,705 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Corporation and its affiliates, with the consent of its sole member, has elected to be taxed under sections of the federal and state income tax laws, which provide that, in lieu of income taxes, the member separately accounts for its share of the Corporation's items of income, deduction, losses, and credits. Therefore, these statements do not include any provision for corporate income taxes. The Corporation and its affiliates sole member is a non-profit corporation organized under section 501(c)(3) of the Internal Revenue Code. The Corporation and its affiliates undergoes an annual analysis of its various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. As of March 31, 2019 and 2018, the unrecognized tax benefit accrual was zero. The Corporation and its affiliates will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. |
| Part XI, Line 2d - Other Adjustments: | HADC Ridgeway Revenue Per Audit Reported as Separate Entity for Tax Purposes 4,107,593. Increase in CSV of Life Insurance - Unrealized 128,085. |
| Part XI, Line 4b - Other Adjustments: | Mgmt Fees Intercompany & Ridgeway Eliminating 148,115. |
| Part XII, Line 2d - Other Adjustments: | HADC Ridgeway Expense Per Audit Reported as Separate Entity for Tax Purposes 4,081,348. |
| Part XII, Line 4b - Other Adjustments: | Mgmt Fees Intercompany & Ridgeway Eliminating 148,115. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wish of a Lifetime | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 16th Street Suite 406 | AddressLine1Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 262123649 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $6,000 | CashGrantAmt |
| Purpose Of Grant | Community Cupid Crew Event | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The organization is supporting the Wish of a Lifetime's annual Cupid Crew Valentine's Day Rose Delivery. The organization will directly assist with delivery of roses to facilities in Cloquet, Wadena and New Ulm, communities that Housing Alternatives Development Company serves. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paul Abzug | ||||||||||||||
| CEO/President | $296,400 | $0 | $0 | $0 | $5,293 | $0 | $0 | $0 | $10,530 | $0 | $312,223 | $0 | $0 | $0 |
| Charles L Darth | ||||||||||||||
| Former Director | $36,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36,000 | $0 | $0 | $0 |
| Louis Stocco Dir of Development | ||||||||||||||
| (thru Dec)/Former Director | $73,347 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $427 | $0 | $73,774 | $0 | $0 | $0 |
| Daniel Pakonen Dir of Operation | ||||||||||||||
| (thru Dec)/Former Director | $69,680 | $0 | $0 | $0 | $0 | $0 | $1,750 | $0 | $427 | $0 | $71,857 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| City of Cloquet Minnesota | ||||||||
| A | 416005060 | 189022BM7 | 2013-05-10 | $9,231,073 | 83 Unit Sr. Housing Facility; 2013A Current Refunding Bonds Issued 6/30/05 | 0 | 0 | 0 |
| City of Wadena Minnesota | ||||||||
| B | 416005605 | 930225AF4 | 2017-01-20 | $5,292,609 | 49-Unit Multifamily Assisted Living Senior Housing; Series 2017A | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $9,315,000 | $184,621 | $9,046,452 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| B | $5,370,000 | $215,553 | 2017 | 0 | 0 | 0 | Yes (1) | $105,852 | $4,971,204 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part I | Bond A: The issue price shown on Schedule K, Part I does not match the issue price found on Form 8038 because it includes an original issue discount of $83,927. Bond B: The issue price shown on Schedule K, Part I does not match the issue price found on Form 8038 because it includes an original issue discount of $77,391. |
| Schedule K, Part III, Line 9, Part IV, Line 7 and Part V: | The Organization has entered into a tax regulatory agreement to provide formal written procedures for monitoring tax-exempt bond compliance and the Organization's general counsel monitors post-issuance compliance on an ongoing basis. |
| Schedule K, Part IV, Line 2c | Bond A: The rebate computation was completed May 22, 2018. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 1, Description of Organization Mission Continued... | -Aid low and moderate income households -Advance equal housing opportunity -Combat community deterioration and blight through programs fostering housing and economic development to encourage and strengthen integration in housing -Provide quality low and moderate income and senior housing options that offer comfortable living environments, with programs and services that encourage continued independence and active retirement with preventive and supportive health care Housing Alternatives Development Company (HADC) was formed for the purpose of owning, managing, and operating single and multifamily rental housing and elderly housing. The Organization's primary exempt purpose is to provide low and moderate income housing, senior housing, senior assisted living facilities, nursing homes, and student housing, and promote health in the senior community and the general community in underserved communities. The purpose of HADC shall include the acquisition, construction, rehabilitation, ownership, management, operation, leasing, improving, financing, refinancing, pledging and selling facilities to provide these services. Substantially all of the Corporation's revenue is derived from the rental of its housing units and various services provided to the residents. |
| Form 990, Part VI, Section A, line 8b | No committees are currently acting on behalf of the full governing board. |
| Form 990, Part VI, Section B, line 11b | The draft of the 990 is shared with management, the entire board, and outside exempt organization tax counsel for review and comment. The final return is provided to all board members prior to filing. |
| Form 990, Part VI, Section B, line 12c | The 2011 COI Policy applies to the Board and defines both financial conflicts and perceived conflict of interest. Board Members with conflicts are required to make disclosure to the Board and upon concurrence that a conflict of interest exists, the Board Member involved is required to abstain from voting on the issue and is to not participate in the discussion other than to provide factual information about the applicant organization or vendor in question when asked. Any abstentions due to the invocation of the COI Policy are to be recorded in the Minutes of the meeting. This same procedure has been applied to the President/CEO and a updated policy will be adopted in the current tax year to expand the coverage to other executive staff. |
| Form 990, Part VI, Section B, line 15a | The prior Board of Directors procured a comparability study for the CEO/President that supported the remuneration provided to the CEO/President in fiscal year ended 3/31/2019. The current Board of Directors procured a robust comparability study for the same position in December 2018. That study supported the remuneration provided in the year ended 3/31/2019, and a separate tax opinion satisfying IRC Section 4958 reasonableness standard for the year end 3/31/2020. |
| Form 990, Part VI, Section C, line 19 | The Organization made its governing documents, conflict of interest policy, and financial statements available upon request. |
| Form 990, Part XI, line 9: | Decrease in CSV of Life Insurance - Unrealized 128,085. Net Transfer from Related Organization 47,416. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| HADC Cloquet LLC | |||||||||
| 18336 Minnetonka Blvd Suite C | Deephaven | MN | 55391 | 411997556 | Multifamily Housing | MN | $2,791,934 | $8,649,510 | Housing Alternatives Development Company |
| HADC Services LLC | |||||||||
| 18336 Minnetonka Blvd Suite C | Deephaven | MN | 55391 | 454082840 | Management & Administrative Services | MN | $4,196,221 | $392,705 | Housing Alternatives Development Company |
| HADC Wadena LLC | |||||||||
| 18336 Minnetonka Blvd Suite C | Deephaven | MN | 55391 | 814202267 | Developing, constructing, owning, and operating of The Meadows. | MN | $1,010,622 | $5,902,957 | Housing Alternatives Development Company |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| HADC Ridgeway | ||||||||||
| 18336 Minnetonka Boulevard Suite C | Deephaven | MN | 55391 | 411897376 | Multifamily Housing | MN | 501(c)(3) | Line 10 | Housing Alternatives Development Company | Yes (1) |
| HADC Ventures | ||||||||||
| 18336 Minnetonka Boulevard Suite C | Deephaven | MN | 55391 | 411893867 | Multifamily Housing | MN | 501(c)(3) | Line 10 | Housing Alternatives Development Company | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| HADC Ridgeway | ||
| O | $2,166,997 | Accrual |
| HADC Ridgeway | ||
| Q | $194,937 | Accrual |
| HADC Ridgeway | ||
| R | $52,584 | Accrual |
| HADC Ridgeway | ||
| S | $100,000 | Accrual |