Owns, manages, and operates low to moderate income housing and senior housing.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 35 volunteers and 264 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
3 of 6
filings with a surplus
Average surplus $604K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$786K
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
2 mo
of spending, in cash
Plus $6.9M in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15.7M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.3M
+0.8% vs prior year
Spent
$7.4M
To programs
87%
Net assets
$7.0M
By yearFY2020–FY2025
Revenue
$9.3M
FY2025▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$5.8M
FY2022$6.8M
FY2023$6.3M
FY2024$9.2M
FY2025$9.3M
Expenses
$7.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$6.2M
FY2022$6.5M
FY2023$6.5M
FY2024$7.0M
FY2025$7.4M
Net assets
$7.0M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$5.8M
FY2022$5.3M
FY2023$3.6M
FY2024$6.6M
FY2025$7.0M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1991.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $6.4M Management & general 13% · $967K

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

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Who runs it and what they're paid

7 people listed on the 990; $786K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO/President
$344,562Pt VII · Sec A
Administration/HR
$180,299Pt VII · Sec A
Assisted Living Director
$116,664Pt VII · Sec A
Clinical Nurse Supervisor
$108,256Pt VII · Sec A
$12,000Pt VII · Sec A
Secretary
$12,000Pt VII · Sec A
$12,000Pt VII · Sec A

Paul Abzug’s $345K as CEO/President is at the 98th percentile of top reported officer pay among 2036 $1–10M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Paul Abzug$344,562$350,052$275,705$308,026$310,407$295,600
Shauna Johnson$180,299$183,730$157,853$138,131$133,429$121,221
Terri Langevin$116,664$108,357————
Julie Jones$108,256$105,503————
Roxanne Oscarson—————$105,046
April Trebelhorn———$100,404$104,038—
Curtis Geissler$12,000$12,000$9,000$6,500$6,000$6,000
Brian Weisberg$12,000$12,000$6,500$7,000$6,000$6,000

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.

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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 15aYes

Programs and updates

Provides affordable housing for low-income families and seniors.

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Provided by the organization

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1 program · $6.4M · in their own filed words · FY2024
01

The corporation is the sole owner/member of HADC Cloquet, LLC who owns Evergreen Knoll, a 62-unit assisted living facility for elderly in Cloquet, Minnesota. HADC Cloquet, LLC also owns Evergeen Cottages, 24 cottage style quad homes in Cloquet.

$6.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $6K · 2019–2019
Wish of a LifetimeDC · FY2019$6,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.3M
Ln 12
Fees for servicesLn 2g$7.4M
Investment incomeLn 3$1.9M
Gifts and grantsLn 1h$450
Money outPt IX
$7.4M
Ln 25
Programscol B$6.4M
Managementcol C$967K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$22.7M
LiabilitiesLn 26$15.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A7
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450
Fees for servicesLn 2g$7.4M
Investment incomeLn 3$1.9M
Gains on assetsLn 7$1.7M
Total revenueLn 12$9.3M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$6.9M
Land, buildings, equipmentLn 10c$10.5M
Other assetsLn 15$3.5M
Total assetsLn 16$22.7M
LiabilitiesLn 26$15.7M
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 5264
VolunteersI 635
Fiscal year endsHeaderMarch
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$615K$1.3M
InvestmentsLn 11–13$6.5M$6.9M
Land, buildings, equipmentLn 10c$10.9M$10.5M
Total assetsLn 16$22.5M$22.7M
LiabilitiesLn 26$15.9M$15.7M
Net assetsLn 32$6.6M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$404K$404K
Other salaries and wagesLn 7$3.3M$3.1M$117K
Pension plan contributionsLn 8$32K$30K$2K
Other employee benefitsLn 9$111K$111K
Payroll taxesLn 10$257K$240K$17K
Legal feesLn 11b$97K$97K
Accounting feesLn 11c$133K$133K
Investment management feesLn 11f$32K$4K$28K
Other fees for servicesLn 11g$175K$51K$124K
Advertising and promotionLn 12$77K$77K
Office expensesLn 13$309K$298K$11K
OccupancyLn 16$659K$637K$22K
TravelLn 17$14K$14K
Conferences, conventions and meetingsLn 19$78K$78K
InterestLn 20$592K$592K
Depreciation, depletion and amortizationLn 22$532K$532K
InsuranceLn 23$80K$80K
Other expenses (24a–d)Ln 24$524K$524K
All other expensesLn 24e$38K$26K$12K
Total functional expensesLn 25$7.4M$6.4M$967K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.3M$7.4M$1.9M$7.0M 990 PDF
FY2024 $9.2M$7.0M$2.2M$6.6M 990 PDF
FY2023 $6.3M$6.5M−$214K$3.6M 990 PDF
FY2022 $6.8M$6.5M$292K$5.3M 990 PDF
FY2021 $5.8M$6.2M−$405K$5.8M 990 PDF
FY2020 $5.2M$5.3M−$127K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $9,303,378 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,089,615$450
I-9 Program service revenuePrior year $6,788,128$7,392,699
I-10 Investment incomePrior year $348,085$1,910,229
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,225,828$9,303,378
I-13 Grants and similar amounts paidPrior year $1,884$1,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,643,582$4,067,870
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,397,048$3,340,165
I-18 Total expensesPrior year $7,042,514$7,409,135
I-19 Revenue less expensesPrior year $2,183,314$1,894,243
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,303,378 across 6 lines filed
VIII-1f All other contributions, gifts and grants$450
VIII-1h Total contributions, gifts and grants$450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,392,699$7,392,699
VIII-3 Investment incomeExcluded from tax $196,876$196,876
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,713,353$1,713,353
VIII-12 Total revenueRelated to mission $7,392,699 · Unrelated business $0 · Excluded from tax $1,910,229$9,303,378
Part IX · Statement of functional expenses $7,409,135 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,100$1,100
IX-5 Pay of current officers, directors and key staffManagement $403,873$403,873
IX-7 Other salaries and wagesPrograms $3,147,425 · Management $116,767$3,264,192
IX-8 Pension plan contributionsPrograms $30,108 · Management $1,780$31,888
IX-9 Other employee benefitsPrograms $110,816$110,816
IX-10 Payroll taxesPrograms $239,843 · Management $17,258$257,101
IX-11b Legal feesManagement $97,163$97,163
IX-11c Accounting feesManagement $133,299$133,299
IX-11f Investment management feesPrograms $4,200 · Management $27,776$31,976
IX-11g Other fees for servicesPrograms $51,153 · Management $124,191$175,344
IX-12 Advertising and promotionPrograms $77,075$77,075
IX-13 Office expensesPrograms $297,869 · Management $10,961$308,830
IX-16 OccupancyPrograms $637,173 · Management $22,200$659,373
IX-17 TravelPrograms $13,647$13,647
IX-19 Conferences, conventions and meetingsPrograms $78,053$78,053
IX-20 InterestPrograms $592,239$592,239
IX-22 Depreciation, depletion and amortizationPrograms $531,681$531,681
IX-23 InsurancePrograms $79,583$79,583
IX-24 Other expenses (24a–d)Programs $523,901$523,901
IX-24e All other expensesPrograms $25,873 · Management $12,128$38,001
IX-25 Total functional expensesPrograms $6,441,739 · Management $967,396 · Fundraising $0$7,409,135
Part X · Balance sheet $22,712,514 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $614,888$1,276,133
X-4 Accounts receivableStart of year $357,798$406,220
X-9 Prepaid expenses and deferred chargesStart of year $37,765$40,230
X-10c Land, buildings and equipment, netStart of year $10,861,055$10,543,502
X-11 Publicly traded securitiesStart of year $5,809,316$6,264,835
X-12 Other securitiesStart of year $701,056$644,767
X-15 Other assetsStart of year $4,126,307$3,536,827
X-16 Total assetsStart of year $22,508,185$22,712,514
X-17 Accounts payable and accrued expensesStart of year $872,793$895,951
X-20 Tax-exempt bond liabilitiesStart of year $13,891,513$13,563,887
X-25 Other liabilitiesStart of year $1,071,098$1,140,752
X-26 Total liabilitiesStart of year $15,945,604$15,676,790
X-27 Net assets without donor restrictionsStart of year $6,562,581$7,035,724
X-32 Total net assets or fund balancesStart of year $6,562,581$7,035,724
X-33 Total liabilities and net assetsStart of year $22,508,185$22,712,514
Part XI · Reconciliation of net assets $7,035,724 net assets at year end
XI-1 Total revenue$9,303,378
XI-2 Total expenses$7,409,135
XI-3 Revenue less expenses$1,894,243
XI-4 Net assets at start of year$6,562,581
XI-5 Net unrealized gains (losses) on investments−$1,416,535
XI-9 Other changes in net assets−$4,565
XI-10 Net assets at end of year$7,035,724

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

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