BRAINERD LAKES AREA HOUSING DEVELO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

KAREN YOUNG

Phone

2188243425

Tax Period

2025-01-01 to 2025-12-31

BRAINERD LAKES AREA HOUSING DEVELOPMENT C/O BRAINERD HOUSING AUTHORITY, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $1K in total revenue in fiscal year 2025. Revenue surged 113% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AND OPERATE AFFORDABLE HOUSING FOR NEEDY AND LOW INCOME FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Revenue: $1,063

TO PROVIDE AND OPERATE AFFORDABLE HOUSING FOR NEEDY AND LOW INCOME FAMILIES AND INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,063

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,063	$499	+1.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$499	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN YOUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
DALE PARKS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC CHARPENTIER	DIRECTOR	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,063	No data	$47,138	No data
2024	$499	No data	$46,075	No data
2023	$427	No data	$45,576	No data
2022	$208	No data	$45,149	No data
2021	$297	No data	$44,941	No data
2020	$449	No data	$44,644	No data
2019	$407	No data	$44,195	No data
2018	$177	No data	$43,788	No data

BRAINERD LAKES AREA HOUSING DEVELOPMENT C/O BRAINERD HOUSING AUTHORITY