Minnesota · Nonprofit
Boreal Development
Boreal Development (Minnesota) receives grants from 11 organizations whose IRS filings report $363,000 to it, the largest being The McKnight Foundation ($151,000). 3 of them have funded it in more than one year.
- Revenue FY2024
- $89k
- Funders on record
- 11
- Grants received
- $363k
- Net assets
- $16k
What Boreal Development does
Mission
Boreal Development is a community-based approach to providing affordable housing, build a green workforce and remedy persistent economic and racial injustice
As stated on its FY2024 Form 990-EZ.
Program
Boreal Development takes a community-based approach to providing affordable housing, build a green workforce, and remedy persistent economic and racial injustice. In 2024, hired a fulltime program director focused on building capacity for the future of our Green Workforce Training Program. Our current model of workforce training has introduced concepts of green building to more than 20 community members and has trained 15 beginning tradespeople.
$136,769 spent100% of program spending
The program described on its FY2024 Form 990-EZ. Program spending in total: $136,769.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $129k to $424k (+227%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of Boreal Development’s revenue is contributions — more donation-reliant than the typical peer (52% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Greg Gilbert
Executive Director
Board chair
Mark Plemel
Board Chair
As listed on its FY2024 Form 990-EZ.
Who funds it, year by year
2021 → 2023: the base broadened from 3 funders to 5 funders, grant income rose $52k → $194k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Boreal Development’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Boreal Development leans on a few funders — its largest provides 42% of grant income and the top three 74%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
40% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Boreal Development.
Largest funder’s share by year: 2021 58% · 2022 58% · 2023 78% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
93% of Boreal Development's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $102k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Boreal Development has grown faster than three-quarters of the 3,694 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,694 housing & shelter nonprofits under $100k, FY2024
Organizations like Boreal Development
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Boreal Development: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Boreal Development?
- Boreal Development (Minnesota) receives grants from 11 organizations whose IRS filings report $363,000 to it, the largest being The McKnight Foundation ($151,000). 3 of them have funded it in more than one year.
- How many funders does Boreal Development have?
- IRS filings report 11 organizations giving $363,000 in grants to Boreal Development, 3 of which have funded it in more than one year.
- Who is the largest funder of Boreal Development?
- The McKnight Foundation is the largest funder on record, with $151,000 in grants. The full list of funders is on this page.
- How can an organization like Boreal Development find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Boreal Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing