Maple Lake Housing Development Corporation

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To provide affordable elderly Housing.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 75 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $10K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
-5% vs prior year
Spent
$364K
To programs
99%
Net assets
−$37K
By yearFY2020–FY2025
Revenue
$369K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$332K
FY2022$364K
FY2023$376K
FY2024$389K
FY2025$369K
Expenses
$364K
FY2025+0.05%
Tap a bar for its year
Expenses by fiscal year
FY2020$317K
FY2021$322K
FY2022$355K
FY2023$376K
FY2024$364K
FY2025$364K
Net assets
−$37K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$85K
FY2021−$75K
FY2022−$66K
FY2023−$67K
FY2024−$42K
FY2025−$37K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $358K Management & general 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation
$41,592Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Catherine Elfstrand’s $42K as Manager is at the 32nd percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Catherine Elfstrand$41,592$41,592$41,592$42,092$25,100$25,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Maple Lake Housing Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for seniors.

Questions for Maple Lake Housing Development Corporation

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2 programs · $358K · in their own filed words · FY2025
01

Provide affordable housing to elderly and disabled residents by rental of smoke free apartment units. Senior dining on site which provides affordable noon meals monday through friday. On site office manager and caretaker.

$358Kprogram expense
02

Emergency contact company to only report uncontrolled water leaks, plugged main sewer line, gas leak smells, smoke detector malfunction, and no heat.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2023 · $805K federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Department of Housing and Urban Development$580K
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Through Departmment of Agriculture$194K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Through Departmment of Agriculture$31K

The auditor reported: a material weakness in money controls.

Year ending Dec 2022 · $859K federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of Minnesota$580K
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Through State of Minnesota$222K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Through State of Minnesota$57K

The auditor reported: a weakness in money controls.

Year ending Dec 2021 · $898K federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of Minnesota$580K
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Through State of Minnesota$250K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Through State of Minnesota$68K

The auditor reported: a weakness in money controls.

Year ending Dec 2020 · $923K federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of Minnesota$580K
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Through State of Minnesota$278K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Through State of Minnesota$65K

The auditor reported: a weakness in money controls.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Fees for servicesLn 2g$364K
Investment incomeLn 3$5K
Money outPt IX
$364K
Ln 25
Programscol B$358K
Managementcol C$5K
Owns and owesPt X
−$37K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$364K
Investment incomeLn 3$5K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$50
SavingsLn 2$173K
Cash and savings togetherLn 1–2$173K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$11K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32−$37K
OperationsPt I, VI
EmployeesI 53
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$290K$173K
Land, buildings, equipmentLn 10c$496K$1.2M
Total assetsLn 16$933K$1.4M
LiabilitiesLn 26$975K$1.4M
Net assetsLn 32−$42K−$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$42K
Pay of disqualified personsLn 6$22K$22K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$13K$10K$3K
Advertising and promotionLn 12$140$140
Office expensesLn 13$2K$2K
OccupancyLn 16$80K$80K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$87K$87K
Total functional expensesLn 25$364K$358K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 11, 2026 $369K$364K$5K−$37K 990 PDF
FY2024Filed with the IRS May 29, 2025 $389K$364K$25K−$42K 990 PDF
FY2023Filed with the IRS Jun 5, 2024 $376K$376K−$904−$67K 990 PDF
FY2022Filed with the IRS Oct 23, 2023 $364K$355K$9K−$66K 990 PDF
FY2021Filed with the IRS Jun 15, 2022 $332K$322K$10K−$75K 990 PDF
FY2020Filed with the IRS Jun 30, 2021 $326K$317K$9K−$85K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $368,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,012$0
I-9 Program service revenuePrior year $381,922$364,218
I-10 Investment incomePrior year $4,766$4,665
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $388,700$368,883
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $66,026$68,639
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $297,646$295,199
I-18 Total expensesPrior year $363,672$363,838
I-19 Revenue less expensesPrior year $25,028$5,045
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $368,883 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $364,218$364,218
VIII-3 Investment incomeExcluded from tax $4,665$4,665
VIII-12 Total revenueRelated to mission $364,218 · Unrelated business $0 · Excluded from tax $4,665$368,883
Part IX · Statement of functional expenses $363,838 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,592$41,592
IX-6 Pay of disqualified personsPrograms $21,852$21,852
IX-10 Payroll taxesPrograms $5,195$5,195
IX-11b Legal feesPrograms $1,575$1,575
IX-11c Accounting feesPrograms $10,113 · Management $3,371$13,484
IX-12 Advertising and promotionPrograms $140$140
IX-13 Office expensesManagement $2,067$2,067
IX-16 OccupancyPrograms $79,520$79,520
IX-20 InterestPrograms $33,130$33,130
IX-22 Depreciation, depletion and amortizationPrograms $39,378$39,378
IX-23 InsurancePrograms $38,505$38,505
IX-24 Other expenses (24a–d)Programs $87,400$87,400
IX-25 Total functional expensesPrograms $358,400 · Management $5,438 · Fundraising $0$363,838
Part X · Balance sheet $1,406,844 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50$50
X-2 Savings and temporary cash investmentsStart of year $290,407$172,993
X-10c Land, buildings and equipment, netStart of year $496,160$1,222,641
X-15 Other assetsStart of year $146,559$11,160
X-16 Total assetsStart of year $933,176$1,406,844
X-23 Secured mortgages and notes payableStart of year $950,245$1,418,868
X-25 Other liabilitiesStart of year $25,022$25,022
X-26 Total liabilitiesStart of year $975,267$1,443,890
X-27 Net assets without donor restrictionsStart of year −$42,091−$37,046
X-32 Total net assets or fund balancesStart of year −$42,091−$37,046
X-33 Total liabilities and net assetsStart of year $933,176$1,406,844
Part XI · Reconciliation of net assets −$37,046 net assets at year end
XI-1 Total revenue$368,883
XI-2 Total expenses$363,838
XI-3 Revenue less expenses$5,045
XI-4 Net assets at start of year−$42,091
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$37,046

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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