Housing Alternatives Development Company

Housing & shelter organization based in Deephaven, MN. 192 employees. Exempt under §501(c)(3).

MissionHousing 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...

EIN
41-1670818
State
MN
Sector
Housing & shelter
Budget band
$5M–$10M
Latest filing
TY 2024
Records
4 officers · 6 years

Financial snapshot · TY 2024

$9.3M
Total revenue
$7.4M
Total expenses
$22.7M
Net assets

Financial health · TY 2024

75
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
63
11.4 months of expenses
Program efficiency
92
86.9% spent on programs
Revenue diversity
65
Mix of program fees, grants & contributions

Leadership compensation

Paul Abzug
CEO/President
$367,149
93th percentile vs. peers
Shauna Johnson
Administration/HR
$186,101
74th percentile vs. peers
Julie Jones
Clinical Nurse Supervisor
$122,136
74th percentile vs. peers
Terri Langevin
Assisted Living Director
$120,126
74th percentile vs. peers

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Housing Alternatives Development Company Executive Compensation | 990 Data | DoubleNine