Housing Alternatives Development Company
Housing Alternatives Development Company (HADC) and its affiliates, through the acquisition, construction, rehabilitation, and operation of a variety of rental housing will strive to:..
Housing Alternatives Development Company at a glance
- Total assets
- $22,712,514
- +0.9% vs 2024
- Revenue (2025)
- $9,303,378
- +0.8% vs 2024
- Net investment income (2025)
- $1,910,229
- +448.8% vs 2024
- Expenses (2025)
- $7,409,135
- +5.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Housing Alternatives Development Company funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $6K (2019) to $6K (2020). In 2020 it made 1 grant totaling $6K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $22,712,514 | $9,303,378 | $7,409,135 | — | — | $1,910,229 |
| 2024 | $22,508,185 | $9,225,828 | $7,042,514 | — | — | $348,085 |
| 2023 | $19,988,428 | $6,256,124 | $6,469,837 | — | — | $102,036 |
| 2022 | $21,981,547 | $6,818,305 | $6,525,877 | — | — | $630,589 |
| 2021 | $23,200,988 | $5,757,686 | $6,162,372 | — | — | $69,829 |
| 2020 | $20,723,906 | $5,221,993 | $5,348,958 | $6,000 | 1 | $63,277 |
| 2019 | $22,139,960 | $4,480,116 | $4,982,705 | $6,000 | 1 | $440,655 |
About Housing Alternatives Development Company
Based on IRS filings
Housing Alternatives Development Company is a public charity focused on Housing & Shelter, based in Deephaven, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $22.7M in total assets. Net investment income was $1.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Housing Alternatives Development Company is led by Paul Abzug, CEO & President on every filing since 2019; all 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Paul Abzug
CEO & President
On filings since 2019
45 hrs/week
$302K (2019) → $345K (2025)
Curtis Geissler
Chairman
On filings since 2019
1.5 hrs/week
$6K (2019) → $12K (2025)
Terri Langevin
Assisted Living Director
On filings since 2024
40 hrs/week
$108K (2024) → $117K (2025)
Brian Weisberg
Treasurer
On filings since 2019
1.5 hrs/week
$6K (2019) → $12K (2025)
William Hyers
Secretary
On filings since 2019
1.5 hrs/week
$6K (2019) → $12K (2025)
Shauna Johnson
Administration
On filings since 2020
40 hrs/week
$121K (2020) → $180K (2025)
Julie Jones
Clinical Nurse Supervisor
On filings since 2024
40 hrs/week
$106K (2024) → $108K (2025)
Former officers (6)
- Former: April Trebelhorn (2021–2022) — Director of Health
- Former: Daniel Pakonen (2022) — Former Board Officer & Director
- Former: Roxanne Oscarson (2020) — Director of Health
- Former: Charles L Darth (2019) — Former Director
- Former: Daniel Pakonen Dir of Operation (2019) — Former Director
- Former: Louis Stocco Dir of Development (2019) — Former Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $345K, to Paul Abzug (CEO/President). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Housing Alternatives Development Company
How large is Housing Alternatives Development Company?
Housing Alternatives Development Company reported $22.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $9.3M.
What is Housing Alternatives Development Company?
Housing Alternatives Development Company is a public charity focused on Housing & Shelter, based in Deephaven, MN. It holds $22.7M in total assets as of 2025.
Where does Housing Alternatives Development Company operate?
Housing Alternatives Development Company has awarded grants in Colorado.
What is Housing Alternatives Development Company's EIN?
Housing Alternatives Development Company's EIN (Employer Identification Number) is 41-1670818. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Housing Alternatives Development Company funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Housing Alternatives Development Company's focus areas in our free grants database
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Housing Alternatives Development Company down — hundreds of funders to go?