2021-05-10T12:42:25-05:00 2020-12-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2020-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 310 4TH AVENUE SOUTH NO 9000 MINNEAPOLIS MN 55415 ELLEN K SAHLI PRESIDENT 6123759644 2021-05-05 1 ELLEN SAHLI XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128764500 2021-05-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELLEN K SAHLI 310 4TH AVENUE SOUTH NO 9000 MINNEAPOLIS MN 55415 12806378 0 X WWW.FHFUND.ORG X 1980 MN TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 20 20 7 22 0 0 832006 4860950 834230 1082625 172113 59591 63141 8227 1901490 6011393 2160950 2419312 0 0 928737 1107666 0 0 140311 450304 1471845 3539991 4998823 -1638501 1012570 51513466 49630073 10048128 5663536 41465338 43966537 X THE FAMILY HOUSING FUND IS A NONPROFIT INTERMEDIARY ORGANIZATION WHOSE MISSION IS TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 0 0 2557184 1484781 EXPAND OPPORTUNITIES: THE OVERARCHING GOAL OF THE EXPAND OPPORTUNITIES PROGRAM AREA IS TO IMPROVE FAMILIES' INTERACTION WITH THE AFFORDABLE HOUSING SYSTEM. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES THAT ADDRESS LIMITS TO FAMILIES' CHOICES IN HOUSING, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. 1003549 714531 INCREASE SUPPLY: THE OVERARCHING GOAL OF THE INCREASE SUPPLY PROGRAM AREA IS TO ENSURE A FULL RANGE OF HOUSING CHOICES ACROSS THE REGION BY INCREASING AFFORDABLE HOUSING OPPORTUNITIES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES RELATED TO THE NEW PRODUCTION AND PRESERVATION OF GOVERNMENT ASSISTED AND UNSUBSIDIZED AFFORDABLE HOUSING, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. 470767 175000 ACTIVATE MORE HOUSING CHAMPIONS: THE FUND EXPANDS PUBLIC UNDERSTANDING OF THE VALUE OF AFFORDABLE HOUSING AND PUBLIC WILL TO PRESERVE AND PRODUCE AFFORDABLE HOUSING IN THE CONTEXT OF A COMPREHENSIVE REGIONAL DEVELOPMENT APPROACH THAT SERVES ALL COMMUNITIES AND THEIR RESIDENTS. 356355 45000 1082625 THE FUND CONTINUES TO SERVE AS THE FISCAL SPONSOR FOR SEVERAL INITIATIVES TO END HOMELESSNESS. THE FUND ALSO CONTINUES TO WORK WITH LOCAL GOVERNMENTS, NONPROFIT ORGANIZATIONS, AND THE MORTGAGE COMPANY INDUSTRY TO HELP LOW AND MODERATE-INCOME FAMILIES BECOME SUCCESSFUL HOMEOWNERS. THE FUND MAINTAINS RESOURCES TO IDENTIFY EMERGING ISSUES THAT AFFECT THE AFFORDABLE HOUSING NETWORK AND TO HELP DEVELOP STRATEGIES TO ADDRESS THESE ISSUES. 356355 45000 1082625 4387855 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 621 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X X ELLEN K SAHLI 6123759644 310 4TH AVE SOUTH STE 9000 MINNEAPOLIS MN 55415 ALENE TCHOURUMOFF CHAIRPERSON (AS OF 6/2020) 2.00 X X 0 0 0 JIM ROTH CHAIRPERSON (THRU 6/2020) 4.00 X X 0 0 0 JENNIFER ANDERSON VICE PRESIDENT/TREASURER 3.00 X X 0 0 0 JOHN QUINCY VICE PRESIDENT 3.00 X X 0 0 0 REBECCA NOECKER VICE PRESIDENT 3.00 X X 0 0 0 ANDREA BRENNAN VICE PRESIDENT 3.00 X X 0 0 0 AMY MCCULLOCH DIRECTOR 2.00 X 0 0 0 AMY STETZEL DIRECTOR 2.00 X 0 0 0 NICHOL L BECKSTRAND DIRECTOR 2.00 X 0 0 0 MITRA JALALI DIRECTOR 2.00 X 0 0 0 LISA GOODMAN DIRECTOR 2.00 X 0 0 0 LAURA HELMER DIRECTOR 2.00 X 0 0 0 CRAIG KLAUSING DIRECTOR 2.00 X 0 0 0 AMANDA KOONJBEHARRY DIRECTOR 2.00 X 0 0 0 ELENA GAARDER DIRECTOR 2.00 X 0 0 0 KAYLA SCHUCHMAN DIRECTOR 2.00 X 0 0 0 JONATHAN WEINHAGEN DIRECTOR 2.00 X 0 0 0 DOUG VAN METRE DIRECTOR (THRU 6/2020) 2.00 X 0 0 0 MOLLY CUMMINGS DIRECTOR 2.00 X 0 0 0 WILLIAM DROSTE DIRECTOR 2.00 X 0 0 0 THOMAS STREITZ DIRECTOR (THRU 6/2020) 2.00 X 0 0 0 D'ANGELOS SVENKESON DIRECTOR 2.00 X 0 0 0 ELLEN K SAHLI PRESIDENT 40.00 X 221172 0 42894 COLLEEN EBINGER VICE PRESIDENT 40.00 X 168088 0 19627 389260 0 62521 2 0 1 0 HOUSING LINK 1400 VAN BUREN ST NE SUITE 215 MINNEAPOLIS MN 55413 GRANTS & CONSULTING ON RENTAL PROPERTY S 295903 CLIFTON LARSON ALLEN 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING & ADMINISTRATIVE SERVICES FOR 197432 2 X 4860950 4860950 INTEREST-HOUSING LOAN 624200 707573 707573 ADMINISTRATIVE FEE 561000 369052 369052 FEE INCOME 541610 6000 6000 1082625 59591 59591 6794985 6794985 0 MISCELLANEOUS 624200 8227 8227 8227 6011393 1082625 0 67818 X 2419312 2419312 451781 289710 115396 46675 494098 316846 126205 51047 44578 28586 11386 4606 59125 37915 15102 6108 58084 37247 14836 6001 85484 78083 7401 83061 83061 84000 84000 578095 564072 14023 76428 49010 19522 7896 57890 37123 14786 5981 16059 224 15835 229522 229522 484605 456673 19888 8044 38259 24534 9772 3953 INTEREST FORGIVEN 119856 119856 MISCELLANEOUS 2450 250 2200 REPORTS AND COMMUNICATI 1564 320 1244 PROVISION FOR LOAN LOSS -385428 -385428 4998823 4387855 470657 140311 570248 715457 11063694 8816717 2145000 3650000 10594 16601 42771 48753 494333 248588 323607 245745 37357552 36136800 51513466 49630073 108174 64147 1087000 964000 194337 178962 8092734 3879377 565883 577050 10048128 5663536 X 38920909 39895865 2544429 4070672 41465338 43966537 51513466 49630073 X 1012570 1060 1487569 X 0 1 X 1 0 X X 4 CITY OF ST PAUL 416005521 6 1 0 0 CITY OF MINNEAPOLIS 416005375 6 1 0 0 METROPOLITAN COUNCIL 416008898 6 1 0 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION B, LINE 2: AS A SUPPORTING ORGANIZATION OF GOVERNMENT, THE FAMILY HOUSING FUND WORKS COLLABORATIVELY WITH MINNESOTA HOUSING, THE METROPOLITAN COUNCIL, AND THE CITIES OF MINNEAPOLIS AND ST. PAUL, SUPPORTING THEIR HOUSING POLICIES AND PROGRAMS AND DELIVERING TESTED SOLUTIONS TO HOUSING CHALLENGES. THE FOUR GOVERNMENT ENTITIES APPOINT FOUR MEMBERS EACH TO THE FAMILY HOUSING FUND BOARD OF DIRECTORS. APPOINTMENTS BY GOVERNMENT PARTNERS RANGE FROM AGENCY LEADERSHIP, TO ELECTED OFFICIALS, TO COMMUNITY MEMBERS. THROUGH THEIR APPOINTED REPRESENTATION, EACH GOVERNMENT AGENCY PARTICIPATES IN GOVERNANCE OF THE FAMILY HOUSING FUND, INCLUDING FINANCIAL OVERSIGHT AND SETTING THE STRATEGIC DIRECTION. THIS INCLUDES THE APPROVAL OF GRANTS BEING AWARDED TO ORGANIZATIONS OTHER THAN THE SUPPORTED ORGANIZATIONS MENTIONED ABOVE. DETAILED DISCUSSIONS DURING BOARD MEETINGS SURROUNDING EACH GRANT AWARD CONSIDERED ENSURES THAT GRANTS AWARDED BY THE FAMILY HOUSING FUND FURTHER THE EXEMPT PURPOSE OF THE FAMILY HOUSING FUND AND ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 84000 84000 5159940 5243940 412197 103049 0 0 416016 316643 323049 412197 1467905 2201858 72000 73116 84101 84000 313217 104004 79161 80762 103049 366976 550464 0 0 0 0 285471 112958 172513 208862 135630 73232 245745 NET LOAN RECEIVABLE 36136800 F 36136800 LOAN GUARANTY 350000 LOAN PAYABLE - HENNEPIN COUNTY 227050 577050 X 7500022 1060 1487569 1488629 6011393 0 6011393 4998823 0 4998823 0 4998823 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY ARE ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE STATE OF MINNESOTA PROVISIONS. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FUND FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 1,487,569. 1 MN COALITION FOR THE HOMELESS 2233 UNIVERSITY AVE W STE 434 SAINT PAUL MN 55114 411601248 501(C)(3) 10000 N/A N/A GENERAL OPERATING SUPPORT MN HOUSING PARTNERSHIP 2446 UNIVERSITY AVE W SUITE 140 SAINT PAUL MN 55114 411649643 501(C)(3) 10000 N/A N/A HOMES FOR ALL COALITION MINNESOTA HOMEOWNERSHIP CENTER 1000 PAYNE AVE SUITE 200 SAINT PAUL MN 55130 411741817 501(C)(3) 290000 N/A N/A GENERAL OPERATING SUPPORT HOPE COMMUNITY 611 E FRANKLIN AVE MINNEAPOLIS MN 55404 411292817 501(C)(3) 65000 N/A N/A CULTIVATING COMMUNITY BUYERS AND SELLERS LAND BANK TWIN CITIES 2401 LOWRY AVE NE SUITE 206 MINNEAPOLIS MN 55418 270260037 501(C)(3) 330000 N/A N/A PROGRAM MANAGER AND EQUITY CAPITAL TO LEVERAGE WITH DEBT GREATER MINNESOTA HOUSING FUND 332 MINNESOTA ST SUITE 1650-WEST SAINT PAUL MN 55101 411836919 501(C)(3) 40000 N/A N/A DEPLOYING ADDITIONAL LENDING CAPITAL AND PROSPERITY'S FRONT DOOR AMHERST WILDER FOUNDATION 451 LEXINGTON PKWY N SAINT PAUL MN 55104 410693889 501(C)(3) 30000 N/A N/A TENANT SCREENING, EVALUATION OF ST. PAUL'S RENT SUPPLEMENT PROGRAM HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL 25 W FOURTH ST SAINT PAUL MN 55102 521440935 501(C)(3) 100000 N/A N/A EMERGENCY FINANCIAL ASSISTANCE NEIGHBORWORKS HOME PARTNERS 533 DALE STREET NORTH SAINT PAUL MN 55103 411386089 501(C)(3) 50000 N/A N/A EXPAND ACCESS TO ADU FINANCING TASKS UNLIMITED 2419 NICOLLET AVE MINNEAPOLIS MN 55404 237087205 501(C)(3) 50000 N/A N/A ENVISION COMMUNITY DEMONSTRATION PROJECT MODEL CITIES 839 UNIVERSITY AVE W SAINT PAUL MN 55104 364661878 501(C)(3) 60000 N/A N/A IDENTIFY AND PREPARE NEW OWNER-OCCUPANTS COMMUNIDADES LATINAS UNIDAS EN SERVICIO INC (CLUES 797 E 7TH ST SAINT PAUL MN 55106 831128319 501(C)(3) 86000 N/A N/A EMERGENCY FINANCIAL ASSISTANCE HENNEPIN COUNTY GOVERNMENT CENTER MC 131 MINNEAPOLIS MN 55487 562570522 GOVERNMENT 35000 N/A N/A TO SUPPORT A TENANT RESOURCE CENTER HOUSINGLINK 275 MARKET STREET SUITE 509 MINNEAPOLIS MN 55405 411873314 501(C)(3) 100000 N/A N/A GENERAL OPERATING SUPPORT MID-MINNESOTA LEGAL AID 430 1ST AVE N STE 300 MINNEAPOLIS MN 55401 411412710 501(C)(3) 270000 N/A N/A HEALTH AND SAFETY LITIGATION PROJECT IN HENNEPIN AND ANOKA COUNTIES NORTHPOINT HEALTH & WELLNESS CENTER 1256 PENN AVE N SUITE 5300 MINNEAPOLIS MN 55411 200898277 501(C)(3) 13062 N/A N/A EMERGENCY FINANCIAL ASSISTANCE COMMUNITY MEDIATION AND RESTORATIVE SERVICES 9220 BASS LAKE RD SUITE 270 NEW HOPE MN 55428 411484089 501(C)(3) 50000 N/A N/A REDUCE EVICTIONS IN HENNEPIN COUNTY CONFLICT RESOLUTION CENTER 2101 HENNEPIN AVE SUITE 100 MINNEAPOLIS MN 55405 363421329 501(C)(3) 50000 N/A N/A MEDIATION IN PREVENTING EVICTION BUILD WEALTH MINNESOTA 2100 PLYMOUTH AVE N MINNEAPOLIS MN 55411 251918239 501(C)(3) 125000 N/A N/A TENANT SCREENING NEIGHBORHOOD DEVELOPMENT ALLIANCE 481 WABASHA ST S SAINT PAUL MN 55107 411658636 501(C)(3) 75000 N/A N/A TENANT SCREENING NEW AMERICAN DEVELOPMENT CENTER 2614 NICOLLET AVE S 207 MINNEAPOLIS MN 55408 320241006 501(C)(3) 50000 N/A N/A SUPPORT EXPANSION OF RENTAL HOUSING CENTRAL MINNESOTA LEGAL SERVICES 111 N 5TH ST SUITE 402 MINNEAPOLIS MN 55403 411299151 501(C)(3) 30000 N/A N/A EXPANSION OF RAMSEY CTY HOUSING COURT CLINIC JUDICARE 1201 89TH AVE NE SUITE 310 BLAINE MN 55434 411273521 501(C)(3) 30000 N/A N/A EXPANSION OF RAMSEY CTY HOUSING COURT CLINIC VOLUNTEER LAWYERS NETWORK 600 NICOLLET MALL 390A MINNEAPOLIS MN 55402 410988459 501(C)(3) 30000 N/A N/A EXPANSION OF RAMSEY CTY HOUSING COURT CLINIC MEDIATION SERVICES OF ANOKA COUNTY 3200 MAIN ST NW SUITE 210 COON RAPIDS MN 55448 411574959 501(C)(3) 30000 N/A N/A EXPANSION OF RAMSEY CTY HOUSING COURT CLINIC 360 COMMUNITIES 501 STATE HWY 13 SUITE 112 BURSNVILLE MN 55337 410987708 501(C)(3) 50000 N/A N/A EXPANSION OF RAMSEY CTY HOUSING COURT CLINIC SOUTHERN MINNESOTA REGIONAL LEGAL SERVICES 55 5TH ST E SUITE 1000 SAINT PAUL MN 55101 411316151 501(C)(3) 250000 N/A N/A HEALTH AND SAFETY LITIGATION IN HENNEPIN AND ANOKA COUNTIES, EXPANSION OF RAMSEY CITY HOUSING COURT CLINIC WEST SIDE COMMUNITY ORGANIZATION 209 PAGE ST W SAINT PAUL MN 55107 237447142 501(C)(3) 50000 N/A N/A EXPAND RENTAL HOUSING DISPUTE RESOLUTION CENTER 91 ARCH ST SAINT PAUL MN 55130 411441352 501(C)(3) 60000 N/A N/A RAMSEY COUNTY EVICTION PREVENTION 29 0 PART I, LINE 2: FILES ARE KEPT ON GRANTEES AND GRANTS ARE AWARDED TO ORGANIZATIONS SPONSORING HOUSING BENEFITING LOW TO MODERATE INCOME PERSONS. X 0 0 0 0 0 0 0 0 0 ELLEN K SAHLI PRESIDENT 216172 0 5000 0 0 0 23364 0 19530 0 264066 0 0 0 COLLEEN EBINGER VICE PRESIDENT 166088 0 2000 0 0 0 17827 0 1800 0 187715 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEAST THREE DIRECTORS OF THIS CORPORATION. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSISTS OF 24 MEMBERS, 4 MEMBERS ARE APPOINTED BY THE CITY OF SAINT PAUL (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE CITY OF MINNEAPOLIS (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE METROPOLITAN COUNCIL AND 4 BY THE MINNESOTA HOUSING FINANCE AGENCY. THE REMAINING 8 MEMBERS ARE APPOINTED BY THE FAMILY HOUSING FUND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THE FINANCE COMMITTEE. THE FINANCE COMMITTEE CHAIR WILL THEN PRESENT THE FORM 990 TO THE BOARD AT THE NEXT REGULAR MEETING, BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C FAMILY HOUSING FUND'S CONFLICT OF INTEREST POLICY REQUIRES THAT, PRIOR TO ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR RESPONSIBLE PERSON WHO HAS A CONFLICT OF INTEREST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S DISCUSSION ON THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSONS SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. SUCH DISCLOSURES WILL BE REFLECTED IN THE MINUTES OF THE MEETING. IF IT WAS NOT ENTIRELY CLEAR WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, THEN THE PERSON WITH THE POTENTIAL CONFLICT WILL DISCLOSE THE CIRCUMSTANCES TO THE PRESIDENT, THE CHAIR OR THE CHAIR'S DESIGNEE, WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST. EACH RESPONSIBLE PARTY IS REQUIRED TO ANNUALLY SUBMIT A DISCLOSURE FORM IDENTIFYING THE BUSINESSES AND NONPROFIT ORGANIZATIONS OF WHICH SUCH RESPONSIBLE PERSON IS A DIRECTOR, OFFICER, EMPLOYEE OR PARTNER OR IN WHICH SUCH PERSON HAS AN OWNERSHIP INTEREST OF FIVE PERCENT OR MORE. THE POLICY IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ADJUST THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS, AT THEIR DISCRETION, THROUGH ANY COMBINATION OF A PERFORMANCE-BASED SALARY INCREASE. THE EXECUTIVE COMMITTEE SHALL BASE THE PRESIDENT'S COMPENSATION ADJUSTMENTS ON CONSIDERATION OF THE PRESIDENT'S PERFORMANCE, THE ORGANIZATION'S BUDGET, MARKET CONDITIONS AND FHFUND'S FINANCIAL POSITION. THE PRESIDENT HAS THE AUTHORITY TO ESTABLISH COMPENSATION FOR ALL OTHER STAFF AND THE COMPENSATION IS BASED ON JOB DESCRIPTIONS AND PERFORMANCE REVIEWS. COMPENSATION LEVELS ARE SET BY THE PRESIDENT AND APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THESE DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART VIII, LINE 2B: DURING 2020, THE FUND ENTERED INTO CONTRACTS WITH MULTIPLE COUNTIES TO ADMINISTER EMERGENCY RENTAL ASSISTANCE FOR RENTERS AFFECTED BY THE COVID-19 PANDEMIC. THIS LANDLORD-BASED PROGRAM WAS CREATED TO PROVIDE GREATER EFFICIENCIES ALLOWING LANDLORDS TO APPLY FOR MULTIPLE, ELIGIBLE RENTERS ALL AT ONCE. AS A RESULT OF THIS PROGRAM, THE FUND WAS ABLE TO PASS-THROUGH APPROXIMATELY $7,476,000 OF DIRECT EMERGENCY RENTAL ASSISTANCE TO 700 LANDLORDS ASSISTING 2,500 HOUSEHOLDS. THE FUND ACTED AS AN AGENT FOR THE COUNTIES AND THE PASS-THROUGH RENTAL ASSISTANCE IS NOT RECORDED IN THE 2020 STATEMENT OF ACTIVITIES. THE FUND EARNED A FEE OF $369,052 FOR THE ADMINISTRATION OF THIS PROGRAM WHICH IS RECORDED AS GOVERNMENT GRANTS REVENUE IN THE 2020 STATEMENT OF ACTIVITIES. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 21,692. MANAGEMENT AND GENERAL EXPENSES 10,273. TOTAL EXPENSES 31,965. CONSULTING FEES: PROGRAM SERVICE EXPENSES 542,380. MANAGEMENT AND GENERAL EXPENSES 3,750. TOTAL EXPENSES 546,130. FORM 990, PART XI, LINE 9: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 1,487,569.