OUTREACH DEVELOPMENT CORPORATION

EIN: 411976895 501(c)(3) Housing & Shelter

PLYMOUTH, MN

Total Revenue
$1,842,570
Total Expenses
$273,452
Total Assets
$9,101,301
Net Assets
$7,979,338
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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
2000
Legal Domicile
MN
Principal Officer
PATRICK LACOMBE
Phone
7634897500
Tax Period
2024-04-01 to 2025-03-31

OUTREACH DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 595% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 85% operating margin.

Mission

TO ENSURE THAT EVERYONE IN OUR COMMUNITY HAS A SAFE, STABLE, AFFORDABLE PLACE TO CALL HOME.

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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 $1,603,812
Program Service Revenue $124,842
Investment Income $112,738
Other Revenue $1,178
TOTAL REVENUE $1,842,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $212,091
Other Expenses $273,452
TOTAL EXPENSES $273,452

Year-over-Year Comparison

2024 2023 Change
Revenue $1,842,570 $265,280 +5.9%
Expenses $273,452 $305,220 -0.1%
Net Income $1,569,118 $-39,940 -40.3%
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
16
Independent Members
16
Employees
N/A
Volunteers
16

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN DAYTON PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF HUGGETT VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
PAM HAACK SECRETARY 0.50
Officer Director
$0 $0 $0
MATTHEW PLEC TREASURER 0.50
Officer Director
$0 $0 $0
DAVE CORNILLE DIRECTOR 0.50
Director
$0 $0 $0
WENDY GEVING DIRECTOR 0.50
Director
$0 $0 $0
ED GOLDSMITH DIRECTOR 0.50
Director
$0 $0 $0
LYNN GROLL DIRECTOR 0.50
Director
$0 $0 $0
CHERIE SHOQUIST HENDERSON DIRECTOR 0.50
Director
$0 $0 $0
LADONNA HOY DIRECTOR 0.75
Director
$0 $0 $0
BEN JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
PATRICK LACOMBE DIRECTOR 0.50
Director
$0 $0 $0
CHRIS PIERSON DIRECTOR 0.50
Director
$0 $0 $0
PETE SCHERER DIRECTOR 0.50
Director
$0 $0 $0
TOM SHAVER DIRECTOR 0.50
Director
$0 $0 $0
JOEL SPOONHEIM DIRECTOR 0.50
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 $1,842,570 $273,452 $9,101,301 $1,569,118
2024 $265,280 $305,220 $7,550,381 $-39,940
2023 $398,121 $226,804 $7,596,880 $171,317
2022 $4,407,803 $222,832 $7,430,589 $4,184,971
2021 $636,425 $389,606 $3,242,547 $246,819
2020 $181,406 $162,937 $2,995,306 $18,469
2019 $188,168 $228,567 $2,984,573 $-40,399
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