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...
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.5M
+12.6% YoY
Revenue
$9.2M
+47.5% YoY
Net Investment Income
$348K
+241.1% YoY
Expenses
$7.0M
+8.9% YoY
About Housing Alternatives Development Company
Based on IRS filings
Housing Alternatives Development Company is a nonprofit organization focused on Housing & Shelter, based in DEEPHAVEN, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $22.5M in total assets. Net investment income was $348K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,508,185 | $19,988,428 | $21,981,547 |
| Revenue | $9,225,828 | $6,256,124 | $6,818,305 |
| Expenses | $7,042,514 | $6,469,837 | $6,525,877 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $348,085 | $102,036 | $630,589 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Curtis Geissler | Chairman | 1.5 | $12,000 |
| Brian Weisberg | Treasurer | 1.5 | $12,000 |
| William Hyers | Secretary | 1.5 | $12,000 |
| Paul Abzug | CEO/President | 45 | $350,052 |
| Shauna Johnson | Administration/HR | 40 | $183,730 |
| Julie Jones | Clinical Nurse Supervisor | 40 | $105,503 |
| Terri Langevin | Assisted Living Director | 40 | $108,357 |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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