Bear Creek Development Center Inc
- Assets
- $7.0m
- Revenue
- $977.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, MN
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-1884979
Organization Overview
Bear Creek Development Center Inc is located in Rochester, MN. The organization was established in 2020. As of 12/2021, Bear Creek Development Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Creek Development Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bear Creek Development Center Inc generated $977.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $732.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURSUING INNOVATIVE, HOLISTIC, & TRULY AFFORDABLE HOUSING SOLUTIONS IN THE ROCHESTER MN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2021, THE PROGRAM ACCOMPLISHED THE FOLLOWING:- 17 NEW STUDIO APARTMENTS CAME ONLINE TO GIVE LOW-COST RENT, AS WELL AS MENTORING SUPPORT TO PEOPLE BELOW 50% AMI AND OFTEN WITH CHEMICAL DEPENDENCY HISTORIES.- 175 PEOPLE WERE REACHED THROUGH VARIOUS OUTREACH EVENTS ON THE CAMPUS, BUILDING COMMUNITY AND HELPING PEOPLE REMAIN SOBER AND HEALTHY.- 1 FAMILY MOVED OFF CAMPUS AND INTO THEIR NEW, SINGLE-FAMILY PURCHASED HOME.- HUNDREDS OF MEETINGS WERE HAD WITH STAFF AND CAMPUS RESIDENTS, BOTH FORMERLY ON A REGULAR - OFTHEN WEEKLY - SCHEDULE, AND THROUGH CAMPUS ACTIVITES AND DALILY LIFE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Wager Chair | OfficerTrustee | 1 | $0 |
Christopher Beighley Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Urban Executive Director | OfficerTrustee | 15 | $0 |
Helen Laack Treasurer | OfficerTrustee | 1 | $0 |
Kenn Roehl Member | Trustee | 1 | $0 |
Shane Gauthier Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,331 |
| Noncash contributions included in lines 1a–1f | $54,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,331 |
| Total Program Service Revenue | $792,149 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $765 |
| Fees for services: Accounting | $16,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,368 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,312 |
| Insurance | $25,817 |
| All other expenses | $1,797 |
| Total functional expenses | $732,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,383 |
| Savings and temporary cash investments | $239,138 |
| Pledges and grants receivable | $33,000 |
| Accounts receivable, net | $10,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,387 |
| Net Land, buildings, and equipment | $6,598,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,999,699 |
| Accounts payable and accrued expenses | $17,214 |
| Grants payable | $0 |
| Deferred revenue | $17,807 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,351,657 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,917 |
| Total liabilities | $4,446,595 |
| Net assets without donor restrictions | $2,552,977 |
| Net assets with donor restrictions | $127 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,999,699 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bear Creek Development Center Inc has recieved totaling $16,488.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $9,000 |
Rochester Area Foundation Rochester, MN PURPOSE: PROGRAM SUPPORT | $7,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |