Outreach Development Corporation
- Assets
- $7.6m
- Revenue
- $265.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 06/2001
- Data as of
- 03/2024
- EIN
- 41-1976895
Organization Overview
Outreach Development Corporation is located in Plymouth, MN. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outreach 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 03/2024, Outreach Development Corporation generated $265.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $305.2k during the year ending 03/2024. While expenses have increased by 7.3% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER TO PRESERVE, ACQUIRE, AND DEVELOP AFFORDABLE HOUSING WITH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Dayton President | OfficerTrustee | 1 | $0 |
Jeff Huggett Vice President | OfficerTrustee | 0.5 | $0 |
Pam Haack Secretary | OfficerTrustee | 0.5 | $0 |
Matthew Plec Treasurer | OfficerTrustee | 0.5 | $0 |
Dave Cornille Director | Trustee | 0.5 | $0 |
Wendy Geving Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,246 |
| Total Program Service Revenue | $115,895 |
| Investment income | $51,271 |
| 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 | $265,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,810 |
| Fees for services: Legal | $54 |
| Fees for services: Accounting | $26,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,844 |
| Insurance | $22,208 |
| All other expenses | $0 |
| Total functional expenses | $305,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,226 |
| Savings and temporary cash investments | $1,989,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $693 |
| Net Land, buildings, and equipment | $3,546,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,375,216 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,550,381 |
| Accounts payable and accrued expenses | $68,160 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,070,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,138,704 |
| Net assets without donor restrictions | $4,479,178 |
| Net assets with donor restrictions | $1,932,499 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,550,381 |