Outreach Development Corporation

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.

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)Compensation
Ken Dayton
President
$0
Jeff Huggett
Vice President
$0
Pam Haack
Secretary
$0
Matthew Plec
Treasurer
$0
Dave Cornille
Director
$0
Wendy Geving
Director
$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

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