Bear Creek Development Center Inc

EIN: 841884979 501(c)(3)

Rochester, MN

Total Revenue
$990,176
Total Expenses
$865,482
Total Assets
$7,430,151
Net Assets
$2,975,958
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
Jeffrey Urban
Phone
5072584992
Tax Period
2023-01-01 to 2023-12-31

Bear Creek Development Center Inc, founded in 2019, is a small nonprofit that reported $990K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $865K left a modest 13% surplus.

Mission

Bear Creek Development Center was established by Bear Creek Christian Church to create innovative, holistic, and truly affordable housing solutions with families and individuals in the Rochester MN area.

Program Service Accomplishments

Program 1
Expenses: $808,652 Revenue: $955,639

To be a developer, manager, and leader of truly affordable housing; a partner for educational excellence; and a catalyst for cost-effective housing development in the Rochester MN area.During 2023...

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To be a developer, manager, and leader of truly affordable housing; a partner for educational excellence; and a catalyst for cost-effective housing development in the Rochester MN area.During 2023, the program accomplished the following:This year the remodel of the former garage/storage shed was completed! Now the building has room for 6 veterans (below 50% AMI) who are getting back on their feet. MAC-V is the main service provider with BCDC staff giving secondary support to the new tenants.Furthermore, BCDC applied with Three Rivers to MHFA for a Low Income Housing Tax Credit project. The project was awarded in December, 2023 and it is hoped to start construction on the project in the Fall of 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,654
Program Service Revenue $955,639
Investment Income $8,883
Other Revenue $0
TOTAL REVENUE $990,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,345
Fundraising Expenses $6,052
Program Expenses $808,652
Other Expenses $766,137
TOTAL EXPENSES $865,482

Year-over-Year Comparison

2023 2022 Change
Revenue $990,176 $1,123,187 -0.1%
Expenses $865,482 $825,027 +0.0%
Net Income $124,694 $298,160 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
49

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Urban Executive Director 15.00
Officer Director
$0 $0 $0
Aaron Wager Chair 1.00
Officer Director
$0 $0 $0
Kenn Roehl Vice Chair 1.00
Officer Director
$0 $0 $0
Helen Laack Treasurer 1.00
Officer Director
$0 $0 $0
Christopher Beighley Secretary 1.00
Officer Director
$0 $0 $0
Jacob Radtke Member 1.00
Director
$0 $0 $0
Shane Gauthier Member 1.00
Director
$0 $0 $0
Georgia Basinski Member 1.00
Director
$0 $0 $0
Christina Block Member 1.00
Director
$0 $0 $0
Gene Peters Member 1.00
Director
$0 $0 $0
Chad Fisher Member 1.00
Director
$0 $0 $0
Joseph Miner Member 1.00
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 No data No data No data No data
2023 $990,176 $865,482 $7,430,151 $124,694
2022 $1,123,187 $825,027 $7,189,934 $298,160
2021 $977,641 $732,062 $6,999,699 $245,579
2020 $2,933,246 $578,970 $6,337,999 $2,354,276
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