BRAINERD LAKES AREA HOUSING DEVELOPMENT C/O BRAINERD HOUSING AUTHORITY

EIN: 411733082 501(c)(3) Community Improvement

BRAINERD, MN

Total Revenue
$499
Total Expenses
N/A
Total Assets
$46,075
Net Assets
$46,075
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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
MN
Principal Officer
KAREN YOUNG
Phone
2188243425
Tax Period
2024-01-01 to 2024-12-31

BRAINERD LAKES AREA HOUSING DEVELOPMENT C/O BRAINERD HOUSING AUTHORITY, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $499 in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $499
Investment Income $0
Other Revenue $0
TOTAL REVENUE $499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $499 $427 +0.2%
Expenses N/A N/A N/A
Net Income N/A $427 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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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