Maple Lake Housing Development Corporation

Organization Overview

Maple Lake Housing Development Corporation is located in Maple Lake, MN. The organization was established in 1976. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Maple Lake Housing Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Lake Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Maple Lake Housing Development Corporation generated $332.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $322.0k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE ELDERLY HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED RESIDENTS BY RENTAL OF SMOKE FREE APARTMENT UNITS. SENIOR DINING ON SITE WHICH PROVIDES AFFORDABLE NOON MEALS MONDAY THROUGH FRIDAY. ON SITE OFFICE MANAGER AND CARETAKER.


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Board, Officers & Key Employees

Name (title)Compensation
Catherine Elfstrand
Manager
$25,100
Paul Manuel
President
$0
John Mcalpine
Vice President
$0
Jeannie Fobbe
Treasurer
$0
Carol Wurm
Secretary
$0
Carol Northenscold
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$625
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$625
Total Program Service Revenue$330,643
Investment income $703
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $331,971

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