2016-04-28T08:56:57-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 ELLEN K SAHLI PRESIDENT 6123759644 2016-04-16 1 CHAD LASSEN P01587992 6123764500 2015 2016-09-27 15:27:22Z ELLEN K SAHLI 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 5437917 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 23 23 10 0 0 0 7367187 1110378 760899 706393 793890 773025 179526 3001 9101502 2592797 1576731 1274354 0 0 1306638 1220403 0 0 74235 3280022 3190207 6163391 5684964 2938111 -3092167 68111342 60148646 30103529 23898401 38007813 36250245 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 1 1549913 66126 670654 HOMEOWNERSHIP: THE FUND PROVIDES FINANCING TO HELP PRESERVE AND PRODUCE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER INCOME HOMEOWNERS. IT ALIGNS THESE EFFORTS TO IMPROVE THE QUALITY OF LIFE IN NEIGHBORHOODS, COMMUNITIES, AND THE METROPOLITAN REGION.IN 2015, THERE WERE EIGHT LOW INCOME HOUSEHOLDS BOUGHT HOMES AND FIVE HOUSEHOLDS ENTERED CONTRACT FOR DEED AGREEMENTS THROUGH PROGRAMS THAT ARE SUPPORTED BY THE FAMILY HOUSING FUND'S (THE FHFUND'S) HOME PROSPERITY FUND (HPF), HELPING TO STABILIZE NEIGHBORHOODS BY MAKING HOMEOWNERSHIP ACCESSIBLE AND SUSTAINABLE TO LOWER INCOME FAMILIES. THE HPF DEVELOPMENT PARTNERS REHABILITATED 6 PREVIOUSLY VACANT OR BOARDED UP PROPERTIES AND 22 FORECLOSED HOUSES. FORMED BY THE FHFUND IN 2009, THE TWIN CITIES COMMUNITY LAND BANK LLC (LAND BANK) IS A STRATEGIC TOOL TO RESPOND QUICKLY AND EFFECTIVELY TO CHALLENGES AND OPPORTUNITIES IN AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT. THE LAND BANK AND ITS STAFF HAVE DEVELOPED A STRONG REPUTATION AND EXPERTISE, MAKING THEM VALUABLE CONSULTANTS TO PARTNERS ON COMMERCIAL REAL ESTATE BROKERAGE AND LAND ASSEMBLY. ON DECEMBER 31, 2015 THE LAND BANK SEPARATED FROM THE FHFUND, BECOMING ITS OWN NONPROFIT ORGANIZATION. IN 2015, THE LAND BANK PURCHASED AND RESOLD 35 SINGLE FAMILY PROPERTIES TO DEVELOPER PARTNERS, MADE 39 LOANS TO DEVELOPERS, AND ACQUIRED FOUR STRATEGICALLY LOCATED PROPERTIES. THE LAND BANK ALSO CLOSED ON TWO COMMERCIAL PROJECT LOANS IN 2015. THE FHFUND INVESTS IN COORDINATING CONSULTANTS FOR ITS TWO NEIGHBORHOOD COLLABORATIONS: THE FROGTOWN RONDO HOME FUND AND NORTHSIDE HOME FUND. THE INDEPENDENT COORDINATING CONSULTANTS HAVE PROVEN HIGHLY EFFECTIVE IN ADDING VALUE TO EXISTING NEIGHBORHOOD, CITY, AND COMMUNITY EFFORTS TO SUPPORT SAFE, VIBRANT, AND SUSTAINABLE COMMUNITIES. THE FROGTOWN RONDO HOME FUND (FRHF) CREATES VIBRANT AND INTEGRATED COMMUNITIES THROUGH COORDINATED PUBLIC AND SOCIAL SECTOR HOUSING INVESTMENTS IN ST. PAUL'S FROGTOWN AND RONDO NEIGHBORHOODS. FRHF FACILITATES COLLABORATION OF 38 PARTNERS. IN 2015, THE FAMILY HOUSING FUND FULFILLED FIVE REQUESTS FOR FUNDING, TOTALING $84,597, THROUGH THE FRHF. THESE SMALL GRANTS FUNDED PILOT PROJECTS AND NEW COLLABORATIONS THAT WERE UNLIKELY TO RECEIVE FUNDS FROM TRADITIONAL PHILANTHROPY, BUT MADE SIGNIFICANT CONTRIBUTIONS TO RESIDENT ENGAGEMENT, TENANT EDUCATION, AND THE PRODUCTION OF AFFORDABLE HOUSING. FRHF ALSO HELPED SECURE OVER $1 MILLION IN ONGOING STATE FUNDING FOR RENTAL ASSISTANCE FOR FAMILIES IN THE FROGTOWN AND RONDO NEIGHBORHOODS. THE NORTHSIDE HOME FUND, WHICH WORKS TO STABILIZE AND EXPAND MINNEAPOLIS'S NORTHSIDE'S BASE OF SUCCESSFUL HOMEOWNERS, SUPPORTED THE SALE OF 29 HOMES THROUGH THE CITY OF MINNEAPOLIS'S GREEN HOMES NORTH PROGRAM. SIX OF THE SALES WERE LOCATED IN THE NORTHSIDE HOME FUND'S HAWTHORNE ECO VILLAGE CLUSTER AREA. PARTNER'S EFFORTS ARE CONTRIBUTING TO OVERALL MARKET IMPROVEMENT IN NORTH MINNEAPOLIS. IN 2015, THE MEDIAN SALE PRICE FOR ALL HOMES SALES INCREASED 23.8% IN NEAR NORTH AND 20.5% IN CAMDEN. NON-DISTRESSED SALES ALONE INCREASED 8.9% IN NEAR NORTH AND 13.2% IN CAMDEN. BY FOCUSING ON QUALITY, ENERGY EFFICIENT, GREEN HOMES, PARTNERS HAVE IMPROVED THE ABILITY TO ATTRACT BUYERS TO THE NEIGHBORHOOD. 1460822 794326 813 SUPPORTIVE HOUSING: THE FUND PROVIDES FINANCING TO HELP PRESERVE AND PRODUCE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER INCOME RENTERS WHO HAVE EXPERIENCED HOMELESSNESS AND THAT NEED SUPPORTIVE SERVICES IN ADDITION TO HOUSING. IT ALIGNS THESE EFFORTS TO IMPROVE THE QUALITY OF LIFE IN NEIGHBORHOODS, COMMUNITIES, AND THE METROPOLITAN REGION.THE FUND WORKS WITH PARTNERS TO IMPLEMENT THE STATEWIDE PLAN HEADING HOME: MINNESOTA'S PLAN TO PREVENT AND END HOMELESSNESS. THE FUND PARTICIPATES ON SEVERAL LEVELS: PROVIDING FISCAL MANAGEMENT TO THE HEADING HOME MINNESOTA PARTNERS FUND AND FUNDERS COLLABORATIVE AND HENNEPIN COUNTY STABLE FAMILIES INITIATIVE, AND PROVIDING EXPERTISE AND LEADERSHIP ON VARIOUS HENNEPIN COUNTY COMMITTEES THAT AIM TO END HOMELESSNESS.FOR THE PAST TEN YEARS, THE FAMILY HOUSING FUND HAS ADDRESSED THE EFFECTS OF HOMELESSNESS OF CHILDREN THROUGH ITS VISIBLE CHILD INITIATIVE (VCI). VCI OFFERS PROFESSIONAL TRAININGS AND PROVIDES SHELTERS AND FRONT LINE STAFF WITH THE NECESSARY TOOLS AND RESOURCES TO ADDRESS THE NEEDS OF FAMILIES AND YOUNG CHILDREN WHO HAVE EXPERIENCED THE TRAUMA OF HOMELESSNESS. THE VCI TRAINED 800 FRONT LINE STAFF FROM 50 DIFFERENT ORGANIZATIONS IN 2015 TO IDENTIFY NEEDS AND PROVIDE SERVICES FOR HOMELESS FAMILIES, WITH THE GOAL OF PROMOTING HEALTHY CHILD DEVELOPMENT AND FAMILY WELLBEING. IN 2015, THE VCI COMPLETED A PILOT OF MAKING ENDS MEET (MEM), A PRE-FINANCIAL LITERACY CURRICULUM, AT FOUR SUPPORTIVE HOUSING ORGANIZATIONS. THE FHFUND DEVELOPED MEM AFTER A NATIONAL SEARCH FOUND NO APPROPRIATE CURRICULUM FOR FAMILIES LIVING WITH NO INCOME OR GOVERNMENT ASSISTANCE. THIRTEEN STAFF PILOTED THE CURRICULUM WITH 19 FORMERLY HOMELESS PARENTS AFTER RECEIVING 24 HOURS OF TRAINING ON HOW TO DELIVER THE CURRICULUM. AN EVALUATION OF THE PILOT CITED POSITIVE CHANGES IN PARENT FINANCIAL BEHAVIOR AS A RESULT OF MEM.THE VCI'S CHILDREN'S MENTAL HEALTH (CMH) PILOT, WHICH DEMONSTRATES THE FEASIBILITY AND EFFECTIVENESS OF OFFERING ONSITE CHILDREN'S MENTAL HEALTH SERVICES (PAID FOR BY EXISTING MEDICAL ASSISTANCE PROGRAMS) AT SUPPORTIVE HOUSING ORGANIZATIONS, ALSO CONCLUDED IN 2015. FOUR SUPPORTIVE HOUSING ORGANIZATIONS PARTICIPATED IN THE PILOT, WITH 11 PARENTS AND 12 CHILDREN RECEIVING SERVICES. AN EVALUATION OF THE PILOT DETERMINED THAT EARLY CHILDHOOD MENTAL HEALTH SERVICES FOR CHILDREN WHO HAVE EXPERIENCED HOMELESSNESS SIGNIFICANTLY IMPROVED THE CHILD'S DEVELOPMENT OUTCOMES, BEHAVIOR, AND RELATIONSHIP WITH THEIR PARENT(S).IN 2015, THE VCI LAUNCHED THE HOMELESS ADOLESCENT PARENT DISCOVERY PROJECT TO UNDERSTAND THE STATE AND NEEDS OF HOMELESS PARENTING ADOLESCENT YOUTH. THROUGH INTERVIEWS WITH YOUTH SERVICE PROVIDERS AND FOCUS GROUPS WITH PARENTING YOUTH WHO ARE OR HAVE EXPERIENCED HOMELESSNESS, THE VCI DEVELOPED A SET OF RECOMMENDATIONS THAT ALIGN WITH MINNESOTA'S PLAN TO END FAMILY HOMELESSNESS AMONG PARENTING YOUTH. 1476334 405402 34676 RENTAL: THE FUND PROVIDES FINANCING TO HELP PRESERVE AND PRODUCE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER INCOME RENTERS. IT ALIGNS THESE EFFORTS TO IMPROVE THE QUALITY OF LIFE IN NEIGHBORHOODS, COMMUNITIES, AND THE METROPOLITAN REGION.THE CONSOLIDATED REQUEST FOR PROPOSALS (RFP), HOSTED BY MINNESOTA HOUSING, COORDINATES AND ALIGNS PUBLIC AND PHILANTHROPIC CAPITAL SUPPORT FOR AFFORDABLE HOUSING THROUGH A SINGLE APPLICATION PROCESS. IN 2015, THE FUND CLOSED ON $329,367 IN DEFERRED LOANS TO TWO PROJECTS SELECTED THROUGH THE RFP PROCESS, WHICH WILL PRODUCE AND/OR PRESERVE 162 UNITS OF AFFORDABLE RENTAL HOUSING.IN 2015, THROUGH ITS PARTICIPATION IN THE COLLABORATIVE STEWARDSHIP COUNCIL, INTERAGENCY STABILIZATION GROUP, AND MINNESOTA PRESERVATION PLUS INITIATIVE (MPPI) PROGRAMS, THE FHFUND HELPED PROVIDE TECHNICAL ASSISTANCE AND EXPERTISE TO DEVELOPERS WORKING TO PRESERVE AFFORDABLE HOUSING; THE TECHNICAL ASSISTANCE IMPROVED THE QUALITY OF APPLICATIONS SUBMITTED TO THE CONSOLIDATED RFP TO FUND REHABILITATION PROJECTS. SINCE 2007, THE FUND HAS PARTNERED WITH URBAN LAND INSTITUTE (ULI) -MINNESOTA AND THE REGIONAL COUNCIL OF MAYORS (RCM) ON THE HOUSING INITIATIVE, AN EFFORT TO INCREASE THE PRESERVATION AND PRODUCTION OF A FULL RANGE OF HOUSING CHOICES THROUGHOUT THE REGION AND TO IMPROVE LINKS BETWEEN HOUSING AND REGIONAL GROWTH AND SYSTEMS. WITH FUND SUPPORT, THE HOUSING INITIATIVE EXAMINED LOCAL CHALLENGES OF DEVELOPMENT AND REDEVELOPMENT WITH LEADERS AT NINE NAVIGATING YOUR COMPETITIVE FUTURE WORKSHOPS AND COMPLETED FULL DAY TECHNICAL ASSISTANCE PANELS FOR TWO PLANNED LIGHT RAIL TRANSIT STATION AREAS IN 2015. THE FUND SUPPORTED ADDITIONAL LEARNING OPPORTUNITIES THROUGH QUARTERLY RCM HOUSING INITIATIVE ADVISORY GROUP SESSIONS; COUNTY HOUSING REDEVELOPMENT AGENCY /COMMUNITY DEVELOPMENT AGENCY MEETINGS; AND THE HOUSING OPPORTUNITY 2015 CONFERENCE, WHICH WAS HELD IN MINNEAPOLIS. FHFUND SUPPORT OF THE HOUSING INITIATIVE HAS INFLUENCED PUBLIC WILL FOR AFFORDABLE HOUSING, WHICH HAS PRODUCED AND PRESERVED 2,919 UNITS OF AFFORDABLE HOUSING IN SUBURBAN CITIES.SINCE 2013, THE FHFUND HAS PARTICIPATED AS PART OF THE UNIVERSITY AVENUE DISTRICT PARTNERSHIP WHICH WAS ESTABLISHED TO IMPLEMENT AN INNOVATIVE VISION THAT DEMONSTRATE THE SOCIAL, CULTURAL, AND ECONOMIC BENEFITS OF A DISTRICT DEVELOPMENT APPROACH AT A LIGHT RAIL TRANSIT STATION. THE FHFUND ENSURES THAT AFFORDABLE HOUSING IS INCLUDED AS A KEY ECONOMIC DEVELOPMENT STRATEGY. IN 2015, CONSULTANTS ESTIMATED THE ECONOMIC IMPACT OF THE DISTRICT VISION. WITH COORDINATED DEVELOPMENT, THE DISTRICT PLAN WILL GENERATE $347.1 MILLION IN NEW PROPERTY TAXES AND CREATE 4,154 NEW JOBS ON JUST 14% OF THE DISTRICT ACREAGE. IN 2015, THE FHFUND LAUNCHED THE OWNERS/MANAGERS CREATING OPPORTUNITY PROJECT AS A STRATEGIC EFFORT OF THE FHFUND TO INCREASE LANDLORD PARTICIPATION IN THE HOUSING CHOICE VOUCHER PROGRAM ACROSS THE SEVEN-COUNTY METROPOLITAN AREA, ESPECIALLY IN AREAS WITH LOW RATES OF POVERTY AND HIGH QUALITY SCHOOLS, IN ORDER TO EXPAND HOUSING CHOICE FOR LOW-INCOME AND WORKING FAMILIES. THE PROCESS FOR A FAMILY TO RECEIVE AND USE A HOUSING CHOICE VOUCHER IS COMPLEX, AND THE FHFUND RECOGNIZES THAT FINDING AN OWNER/MANAGER THAT WILL ACCEPT THE VOUCHER IS A CRITICAL BOTTLENECK IN THE PROCESS. AS A HOUSING INTERMEDIARY, AND NOT A REGULATOR OR COMPETITOR OF PRIVATE LANDLORDS, THE FHFUND IS POSITIONED TO IMPLEMENT THE OWNERS/MANAGERS CREATING OPPORTUNITY PROJECT. THE OWNERS/MANAGERS CREATING OPPORTUNITY PROJECT BEGINS WITH A DATA COLLECTION PROCESS TO UNDERSTAND THE OWNER/MANAGER EXPERIENCE WITH THE HOUSING CHOICE VOUCHER PROGRAM (BOTH PARTICIPATING AND NON-PARTICIPATING OWNERS/MANAGERS), AND WILL BE FOLLOWED BY WORK WITH PUBLIC AND PRIVATE STAKEHOLDERS TO UNDERSTAND WHAT IS CURRENTLY BEING DONE TO EXPAND LANDLORD PARTICIPATION AND WHAT GAPS MIGHT BE FILLED BY THE OWNERS AND MANAGERS CREATING OPPORTUNITY PROJECT. THIS PROJECT IS NOT INTENDED TO REPLACE OR COMPETE WITH CURRENT OWNER/MANAGER OUTREACH AND TRAINING EFFORTS THAT AGENCIES ADMINISTERING THE HOUSING CHOICE VOUCHER PROGRAMS MAY UNDERTAKE. AS A HOUSING INTERMEDIARY, THE FHFUND'S GOAL IS TO COLLABORATE WITH PARTNERS TO FILL GAPS THAT WILL OPTIMIZE THE AFFORDABLE HOUSING NETWORK'S ABILITY TO MEET THE NEEDS OF FAMILIES. AFTER THE DATA COLLECTION PHASE OF THE PROJECT, THE FHFUND WILL WORK WITH PARTNERS TO IMPLEMENT A STRATEGY TO INCREASE OWNER/MANAGER PARTICIPATION IN THE HOUSING CHOICE VOUCHER PROGRAM TO CREATE GREATER HOUSING CHOICE FOR FAMILIES. 210492 8500 250 PUBLIC EDUCATION: THE FUND CONTINUES TO EXPAND 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 CITIZENS AND COMMUNITIES.TO ELEVATE AFFORDABLE HOUSING WITHIN PUBLIC DISCOURSE, THE FHFUND USED MULTIPLE FORMS OF COMMUNICATION TO REACH ITS AUDIENCES. IN 2015, THE FHFUND WEBSITE HAD 11,478 VISITORS AND 28,776 PAGE VIEWS. THE MOST FREQUENTLY VISITED PAGES WERE WHO WE AREA, STAFF & BOARD, NEED HOUSING RESOURCES?, FACT SHEETS, AND INITIATIVES. TIMELY DATA IS CRITICAL IN POSITIVELY INFLUENCING THE PUBLIC WILL FOR AFFORDABLE HOUSING. IN 2015, THE FHFUND UPDATED ITS FACT SHEET "WORKING DOESN'T ALWAYS PAY FOR A HOME AND THE HOUSING COUNTS DATA SET. ADDITIONALLY, THE FHFUND SPONSORED LEARNING OPPORTUNITIES FOR AFFORDABLE HOUSING PROFESSIONALS INCLUDING THE MINNESOTA INDIAN HOUSING CONFERENCE AND LOCAL NATIONAL ASSOCIATION OF HOUSING AND REDEVELOPMENT OFFICIALS (NAHRO) CONFERENCE. THE FHFUND'S SPONSORSHIPS PROVIDED THE OPPORTUNITY FOR MORE THAN 500 PROFESSIONALS TO LEARN ABOUT INNOVATIVE BUILDING PRACTICES, FINANCE AND ADMINISTRATION, AND THE CONNECTION BETWEEN HOUSING AND EDUCATION. 210492 8500 250 4697561 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 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 1 1 0 0 0 1 39 0 10 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X WILLIAM MASK 6123759644 801 NICOLLET MALL STE 1825 MINNEAPOLIS MN 55402 MAUREEN WARREN CHAIRPERSON 4.00 X X 0 0 0 CHARLES HANLEY VICE PRESIDENT & TREASURER 3.00 X X 0 0 0 KAREN J ANDERSON VICE PRESIDENT 3.00 X X 0 0 0 BEVERLY OLIVER HAWKINS VICE PRESIDENT 3.00 X X 0 0 0 PAUL WILLIAMS VICE PRESIDENT 3.00 X X 0 0 0 ANDRIANA ABARIOTES DIRECTOR 2.00 X 0 0 0 JILL ALSHIRE DIRECTOR 2.00 X 0 0 0 KRISTIN BECKMANN DIRECTOR 2.00 X 0 0 0 CAROL BERDE DIRECTOR 2.00 X 0 0 0 GLORIA BOSTROM 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 SENTA LEFF DIRECTOR 2.00 X 0 0 0 PETER LINDSTROM DIRECTOR 2.00 X 0 0 0 MARGARET LOVEJOY DIRECTOR 2.00 X 0 0 0 WARREN MCLEAN DIRECTOR 2.00 X 0 0 0 CAROLYN E OLSON DIRECTOR 2.00 X 0 0 0 JOHN QUINCY DIRECTOR 2.00 X 0 0 0 JIM ROTH DIRECTOR 2.00 X 0 0 0 GEORGE STONE DIRECTOR 2.00 X 0 0 0 RUSS STARK DIRECTOR 2.00 X 0 0 0 DAI THAO DIRECTOR 2.00 X 0 0 0 DOUG VAN METRE DIRECTOR 2.00 X 0 0 0 ELLEN K SAHLI PRESIDENT 40.00 X 14686 0 1596 ELIZABETH RYAN VICE PRESIDENT 40.00 X 139727 0 57046 WILLIAM MASK DIRECTOR, FINANCE 40.00 X 88292 0 36409 ANITA PIERCE DIRECTOR, OPERATIONS & HR 40.00 X 104602 0 22141 THOMAS P FULTON FORMER PRESIDENT 40.00 X 130699 0 19442 478006 0 136634 3 1 1 0 ERIC GRUMDAHL 224 W27TH ST MINNEAPOLIS MN 55408 CONSULTANT ON VETERAN HOMELESSNESS 158695 1 1110378 1110378 INTEREST-HOUSING LOAN 624200 664557 664557 FEE INCOME 541610 41836 41836 706393 779402 779402 2838743 2845120 -6377 -6377 -6377 MISCELLANEOUS 624200 3001 3001 3001 2592797 706393 0 776026 X 1274354 1274354 614640 297978 283427 33235 482194 248101 213234 20859 57384 36704 17063 3617 66185 33093 29783 3309 87370 71198 16172 51039 51039 72000 72000 749846 600620 142751 6475 70552 130 70231 191 100416 50208 45187 5021 24200 1377 22823 749180 749180 398202 393197 4505 500 20564 10282 9254 1028 PROVISION FOR LOAN LOSS 857777 857777 MISCELLANEOUS EXPENSE 9061 1362 7699 5684964 4697561 913168 74235 995421 897049 8102412 6488357 5432086 2550000 102564 18368 43318 35432 305062 283563 31509 21499 53404032 50137941 68111342 60148646 104055 133095 270000 5000 28584371 22619777 1145103 1140529 30103529 23898401 X 14116583 14767082 23891230 21483163 38007813 36250245 68111342 60148646 X -3092167 1334599 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 245000 0 4 245000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 72000 72000 5538730 5610730 430537 107634 0 0 673902 548544 453231 430537 2106214 3159321 228976 60000 72000 72000 432976 168476 137136 113308 107634 526554 789831 168476 137136 113308 107634 526554 181314 178579 2735 123748 104984 18764 21499 NET LOAN RECEIVABLE 50137941 F 50137941 OTHER LIABILTIIES 590529 LOAN GUARANTY 550000 1140529 X 3927396 1334599 1334599 2592797 0 2592797 5684964 0 5684964 0 5684964 PART X, LINE 2: THE FUND IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE FUND CURRENTLY HAS NO UNRELATED BUSINESS INCOME AND IS NOT CONSIDERED A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND ALL CHARITABLE CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE FUND FOLLOWS THE ACCOUNTING STANDARD THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS POLICY HAD NO IMPACT ON FUND'S FINANCIAL STATEMENTS. THE FUND FILES AS A TAX-EXEMPT ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN FROM DECREASE IN PROVISION FOR LOAN LOSS OF LOANS RECEIVABLE 902,717. GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 431,882. 1 URBAN LAND INSTITUTE 81 SOUTH NINTH STREET MINNEAPOLIS MN 55402 530159845 501(C)(3) 200000 N/A N/A REGIONAL HOUSING PRESERVATION AND PRODUCTION ST STEPHEN'S HUMAN SERVICES 2211 CLINTON AVENUE SOUTH MINNEAPOLIS MN 55404 010639118 501(C)(3) 165975 N/A N/A HOMELESSNESS - SERVICE FUNDING ($25,975), STABLE FAMILIES INITIATIVE GRANT ($140,000) MINNESOTA HOUSING FINANCE AGENCY 400 SIBLEY STREET SUITE 300 SAINT PAUL MN 55101 411599130 501(C)(3) 120000 N/A N/A HOMEOWNER EDUCATION SERVICES ($25,000), HOMELESSNESS - SERVICE FUNDING ($95,000) AMHERST H WILDER FOUNDATION 451 LEXINGTON PKWY N SAINT PAUL MN 55104 410693889 501(C)(3) 56700 N/A N/A HOMELESSNESS - DATA COLLECTION ($25,000), HOMELESSNESS - INFORMATION SYSTEMS DEVELOPMENT GRANT ($31,700) SIMPSON HOUSING SERVICES 2100 PILLSBURY AVE SO MINNEAPOLIS MN 55404 411316151 501(C)(3) 55230 N/A N/A FINANCIAL LITERACY GRANT ($9,230), HOMELESSNESS - SERVICE FUNDING ($10,000), STABLE FAMILIES INITIATIVE GRANT ($36,000) HOUSING PRESERVATION PROJECT 570 ASBURY STREET SAINT PAUL MN 55104 411930525 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT HOUSINGLINK 600 18TH AVENUE NORTH MINNEAPOLIS MN 55411 411873314 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT MINNESOTA HOME OWNERSHIP CENTER 633 SOUTH CONCORD STREET SAINT PAUL MN 55075 411741817 501(C)(3) 50000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES ($25,000), GENERAL OPERATING SUPPORT ($25,000) THE FAMILY PLACE 244 10TH ST E SAINT PAUL MN 55101 412003333 501(C)(3) 50000 N/A N/A GOING HOME PROGRAM GRANT YOUTHLINK 41 NORTH 12TH STREET MINNEAPOLIS MN 55403 411341773 501(C)(3) 50000 N/A N/A HOMELESS FAMILY PLANNING GRANT LUTHERAN SOCIAL SERVICE OF MN 2485 COMO AVENUE SAINT PAUL MN 55108 410872993 501(C)(3) 45720 N/A N/A HOMELESSNESS - SERVICE FUNDING ($2,120), HOMELESS FAMILY PLANNING GRANT ($43,600) CATHOLIC CHARITIES 1200 SECOND AVE SOUTH MINNEAPOLIS MN 55403 411302487 501(C)(3) 45000 N/A N/A HOMELESSNESS - SERVICE FUNDING COMMONBOND COMMUNITIES 1080 MONTREAL AVE SAINT PAUL MN 55116 411260469 501(C)(3) 40000 N/A N/A UNSUBSIDIZED HOUSING STUDY PROJECT FOR PRIDE IN LIVING 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 39950 N/A N/A CHILDREN'S MENTAL HEALTH GRANT ($7,200), HOMELESSNESS - SERVICE FUNDING ($32,750) PEOPLE RESPONDING IN SOCIAL MINISTRY 730 FLORIDA AVE S GOLDEN VALLEY MN 55426 411442049 501(C)(3) 35235 N/A N/A HOMELESSNESS - SERVICE FUNDING THE LINK 1210 GLENWOOD AVE MINNEAPOLIS MN 55405 411920649 501(C)(3) 30000 N/A N/A STABLE FAMILIES INITIATIVE GRANT MODEL CITIES INC 1821 UNIVERSITY AVE STE N461 SAINT PAUL MN 55104 411687873 501(C)(3) 27740 N/A N/A FINANCIAL LITERACY GRANT ($5,540), CHILDREN'S MENTAL HEALTH GRANT ($7,200), FROGTOWN RONDO HOME FUND ($15,000) YWCA OF SAINT PAUL 375 SELBY AVE SAINT PAUL MN 55102 410693892 501(C)(3) 12740 N/A N/A FINANCIAL LITERACY GRANT ($5,540), CHILDREN'S MENTAL HEALTH GRANT ($7,200) CITY OF ROSEVILLE 2660 CIVIC CENTER DRIVE ROSEVILLE MN 55113 416007849 501(C)(3) 10000 N/A N/A ECHO/TPT VIDEO PROJECT MINNESOTA PUBLIC HOUSING AUTHORITY 1001 WASHINGTON AVE MINNEAPOLIS MN 55401 411167709 501(C)(3) 10000 N/A N/A GLENDALE TOWNHOMES GRANT MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVE WEST SAINT PAUL MN 55114 411601248 501(C)(3) 10000 N/A N/A PUBLIC EDUCATION GRANT PROSPECT PARK 2020 INC 2828 UNIVERSITY AVE SE STE 200 MINNEAPOLIS MN 55414 462407182 501(C)(3) 10000 N/A N/A SUPPORT OF REGIONAL PROGRAMS UNIV OF MN FOUNDATION FOR REAL ESTATE 200 OAK STREET SE SUITE 500 MINNEAPOLIS MN 55455 274131769 501(C)(3) 10000 N/A N/A SUPPORT OF REGIONAL PROGRAMS STEPPING STONE EMERGENCY HOUSING 3300 4TH AVE N 14 ANOKA MN 55303 203226868 501(C)(3) 9700 N/A N/A HOMELESSNESS - SERVICE FUNDING EMMA NORTON SERVICES 670 N ROBERTS ST SAINT PAUL MN 55101 410859485 501(C)(3) 7200 N/A N/A CHILDREN'S MENTAL HEALTH GRANT 360 COMMUNITIES 501 E HWY 13 BURNSVILLE MN 55337 410987708 501(C)(3) 6900 N/A N/A HOMELESSNESS - SERVICE FUNDING CANVAS HEALTH 7066 STILLWATER BLVD OAKDALE MN 55128 410955577 501(C)(3) 5500 N/A N/A HOMELESSNESS - SERVICE FUNDING 27 0 PART I, LINE 2: FILES ARE KEPT ON GRANTEES AND GRANTS ARE AWARDED TO LOW AND MODERATE INCOME PERSONS OR ORGANIZATIONS SPONSORING HOUSING. X X X X 0 0 0 0 0 0 0 0 0 ELIZABETH RYAN VICE PRESIDENT 139678 0 0 0 49 0 40099 0 16947 0 196773 0 0 0 THOMAS P FULTON FORMER PRESIDENT 114203 0 0 0 16496 0 11418 0 8024 0 150141 0 0 0 FORM 990, PART III, LINE 3 AS OF DECEMBER 31, 2015, THE FUND TRANSFERRED SOLE OWNERSHIP OF THE TWIN CITIES COMMUNITY LAND BANK LLC TO A NEWLY FORMED NONPROFIT CORPORATION, LAND BANK TWIN CITIES, INC. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEASE 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 4 AS OF DECEMBER 31, 2015, THE FUND TRANSFERRED SOLE OWNERSHIP OF THE TWIN CITIES COMMUNITY LAND BANK LLC TO A NEWLY FORMED NONPROFIT CORPORATION, LAND BANK TWIN CITIES, INC. FORM 990, PART VI, SECTION B, LINE 11 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 PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE, WITH THE BOARD BEING INFORMED OF THE APPROVAL AFTER. THIS WAS LAST DONE IN 2014 FOR 2014 COMPENSATION. COMPENSATION FOR KEY EMPLOYEES IS BASED ON JOB DESCRIPTION AND PERFORMANCE REVIEWS. THE PRESIDENT LOOKS AT THESE AND SETS COMPENSATION WHICH IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET. COMPARABILITY DATA IS USED PERIODICALLY BUT NOT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THESE DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 590,245. MANAGEMENT AND GENERAL EXPENSES 127,880. FUNDRAISING EXPENSES 6,475. TOTAL EXPENSES 724,600. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,375. MANAGEMENT AND GENERAL EXPENSES 14,871. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,246. FORM 990, PART XI, LINE 9: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVALBE 431,882. GAIN FROM DECREASE IN PROVISION FOR LOAN LOSS OF LOANS RECEIVABLE 902,717. TWIN CITIES COMMUNITY LAND BANK 615 FIRST AVENUE NE STE 410 MINNEAPOLIS MN 55413 270260037 CREATING SUSTAINABLE HOMEOWNERSHIP OR RENTAL OPPORTUNITIES FOR PEOPLE MN 501(C)(3) LINE 7 FAMILY HOUSING FUND 1 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 5823544 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK A 254602 INEREST RECEIVED ON LOANS