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 2024.
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
Frequently Asked Questions
What is Housing Alternatives Development Company?
Housing Alternatives Development Company is a nonprofit organization focused on Housing & Shelter, based in DEEPHAVEN, MN. It holds $22.5M in total assets as of 2024.
How large is Housing Alternatives Development Company?
As of 2024, Housing Alternatives Development Company holds $22.5M in total assets with $9.2M in annual revenue.
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 2019–2024.
Explore Open Grants
Browse active grant opportunities in Housing Alternatives Development Company's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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