FAMILY HOUSING FUND: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- FAMILY HOUSING FUND (EIN 41-1380923)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-05-14
- IRS object ID
- 201531349349306363
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-14T14:52:55-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411380923 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAMILY HOUSING FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FAMI | BusinessNameControlTxt |
| Phone | 6123759644 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | MIDWEST PLAZA W 801 NICOLLET MALL | AddressLine1Txt |
| Address Line2 | NO 1825 | AddressLine2Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS P FULTON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6123759644 | PhoneNum |
| Signature | 2015-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHAD LASSEN | PreparerPersonNm |
| PTIN | P01587992 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS P FULTON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | MIDWEST PLAZA W 801 NICOLLET MALL | AddressLine1Txt |
| Address Line2 | NO 1825 | AddressLine2Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,101,502 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FHFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,200,823 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,367,187 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,615,618 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $760,899 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $793,890 | CYInvestmentIncomeAmt |
| PY Other Revenue | $116,190 | PYOtherRevenueAmt |
| CY Other Revenue | $179,526 | CYOtherRevenueAmt |
| PY Total Revenue | $8,932,631 | PYTotalRevenueAmt |
| CY Total Revenue | $9,101,502 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,756,157 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,576,731 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,236,840 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,306,638 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $98,778 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,079,174 | PYOtherExpensesAmt |
| CY Other Expenses | $3,280,022 | CYOtherExpensesAmt |
| PY Total Expenses | $8,072,171 | PYTotalExpensesAmt |
| CY Total Expenses | $6,163,391 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $860,460 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,938,111 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $61,864,760 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,111,342 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $27,744,120 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $30,103,529 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $34,120,640 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $38,007,813 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE FAMILY HOUSING FUND IS TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES METROPOLITAN AREA THROUGH ONGOING PARTNERSHIPS WITH THE PUBLIC AND PRIVATE SECTOR. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,798,159 | ExpenseAmt |
| Grant | $280,500 | GrantAmt |
| Revenue | $737,818 | RevenueAmt |
| Desc | 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 2014, THE GREATER METROPOLITAN HOUSING CORPORATION'S SHOP 2012 LLC, WHICH HAS BORROWED FUNDS FROM THE FAMILY HOUSING FUND'S (THE FUND'S) HOME PROSPERITY FUND (HPF), HAD 73 CONTRACT-FOR-DEED CLOSINGS WORTH OVER $11M, HELPING TO STABILIZE NEIGHBORHOODS BY MAKING HOMEOWNERSHIP ACCESSIBLE AND SUSTAINABLE TO LOWER INCOME FAMILIES. THE HPF DEVELOPMENT PARTNERS REHABILITATED 18 PREVIOUSLY VACANT OR BOARDED UP PROPERTIES AND 24 FORECLOSED HOUSES, AND RESOLD SIX PROPERTIES FROM PRIOR ACQUISITIONS. FIVE CLOSINGS MADE POSSIBLE THROUGH THE HOME OWNERSHIP MADE EASY (HOME) PROGRAM RECEIVED A SUPPLEMENTAL LOAN FROM THE HPF IN 2014. FORMED BY THE FUND 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. IN 2014, THE LAND BANK PURCHASED AND RESOLD 87 SINGLE FAMILY PROPERTIES TO DEVELOPER PARTNERS, MADE 75 LOANS TO DEVELOPERS, AND ACQUIRED 5 STRATEGICALLY LOCATED PROPERTIES ALONG TRANSIT CORRIDORS. THE LAND BANK ALSO CLOSED ON SIX COMMERCIAL PROJECT LOANS IN 2014. SINCE ITS INCEPTION, 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.THE FUND INVESTS IN COORDINATING CONSULTANTS FOR TWO NEIGHBORHOOD COLLABORATIONS IT SUPPORTS AND CHAIRS: 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 39 PARTNERS BY BRINGING TOGETHER THE COMMUNITY PARTNERS AND STAKEHOLDERS. IN 2014, THE FRHF FULFILLED EIGHT REQUESTS FOR FUNDING, TOTALING $164,700, FROM ITS STRATEGIC OPPORTUNITY FUND CAPITALIZED BY THE CENTRAL CORRIDOR FUNDERS COLLABORATIVE AND THE FAMILY HOUSING FUND. 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 ATTRACT $2 MILLION FOR HOUSING INVESTMENTS IN TWO NEIGHBORHOODS FROM THE PUBLIC SECTOR. THE NORTHSIDE HOME FUND, WHICH WORKS TO STABILIZE AND EXPAND MINNEAPOLIS'S NORTHSIDE'S BASE OF SUCCESSFUL HOMEOWNERS, HELPED IMPROVE 21 PROPERTIES IN THE HAWTHORNE ECO VILLAGE IN 2014. PARTNER'S EFFORTS ARE CONTRIBUTING TO OVERALL MARKET IMPROVEMENT IN NORTH MINNEAPOLIS. IN 2014, THE MEDIAN SALE PRICE FOR ALL HOMES SALES INCREASED 23.6% IN NEAR NORTH AND 32% IN CAMDEN. NON-DISTRESSED SALES ALONE INCREASED 3.3% IN NEAR NORTH AND 3.7% IN CAMDEN. BY FOCUSING ON QUALITY, ENERGY EFFICIENT, GREEN HOMES, PARTNERS HAVE IMPROVED THE ABILITY TO ATTRACT BUYERS TO THE NEIGHBORHOOD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,474,788 | ExpenseAmt |
| Grant | $664,814 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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 NINE YEARS, THE 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 400 FRONT LINE STAFF FROM 36 DIFFERENT ORGANIZATIONS IN 2014 TO IDENTIFY NEEDS AND PROVIDE SERVICES FOR HOMELESS FAMILIES, WITH THE GOAL OF PROMOTING HEALTHY CHILD DEVELOPMENT AND FAMILY WELLBEING. IN LATE 2014, THE VCI BEGAN A PILOT OF MAKING ENDS MEET (MEM), A PRE-FINANCIAL LITERACY CURRICULUM AT FOUR SUPPORTIVE HOUSING ORGANIZATIONS. THE FUND DEVELOPED MEM AFTER A NATIONAL SEARCH FOUND NO APPROPRIATE CURRICULUM FOR FAMILIES LIVING WITH NO INCOME OR GOVERNMENT ASSISTANCE. BY THE END OF THE PILOT IN LATE 2015, THE PROGRAM WILL HAVE EDUCATED 30 PARENTS ABOUT MONEY VALUES, MONEY MANAGEMENT, DEBT, BUILDING ASSETS AND WEALTH. 2014 MARKED BEGINNING OF THE SECOND YEAR OF 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. FIVE SUPPORTIVE HOUSING ORGANIZATIONS ARE PARTICIPATING IN THE PILOT'S SECOND YEAR, REFERRING HOMELESS CHILDREN FOR MENTAL HEALTH SERVICES. THE FUND EXPECTS 20 CHILDREN WILL RECEIVE SERVICES DURING THE SECOND YEAR OF THE PILOT. THE PROJECT ALSO IS ALSO BUILDING THE CAPACITY OF THE ORGANIZATIONS THROUGH TRAINING AND CASE CONSULTATION WITH THE AFRICAN AMERICAN CHILD WELLNESS INSTITUTE. THE VCI WILL USE THE EVALUATION OF THE PILOT TO INFORM FUTURE POLICY AND REGULATORY RECOMMENDATIONS THAT WILL HELP EMBED MENTAL HEALTH SERVICES IN SUPPORTIVE HOUSING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $786,832 | ExpenseAmt |
| Grant | $580,000 | GrantAmt |
| Revenue | $23,081 | RevenueAmt |
| Desc | 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 2014, THE FUND CLOSED ON $1.75 MILLION IN DEFERRED LOANS TO SEVEN PROJECTS SELECTED THROUGH THE RFP PROCESS, WHICH WILL PRODUCE AND/OR PRESERVE 579 UNITS OF AFFORDABLE RENTAL HOUSING. THE FUND HAS COMMITTED $625,000 TO FOUR FUTURE PROJECTS, CONTAINING 165 UNITS OF AFFORDABLE HOUSING.IN 2014, THROUGH ITS PARTICIPANTION IN THE COLLABORATIVE STEWARDSHIP COUNCIL, INTERAGENCY STABLIZATION GROUP, AND MINNESOTA PRESERVATION PLUS INITIATIVE (MPPI) PROGRAMS, THE FAMILY HOUSING FUND 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. AS A RESULT, EIGHTY-THREE PERCENT OF THE PROJECTS THAT TOOK ADVANTAGE OF THE TECHNICAL ASSISTANCE RECEIVED FUNDING, ENABLING DEVELOPERS TO PRESERVE EXISTING AFFORDABLE HOUSING FOR FAMILIES.THE FUND PROMOTES THE CREATION OF AFFORDABLE, HEALTHY AND ENERGY-EFFICIENT HOUSING IN ITS FINANCING WORK THROUGH MINNESOTA GREEN COMMUNITIES, A PARTNERSHIP WITH GREATER MINNESOTA HOUSING FUND. IN 2014, MINNESOTA GREEN COMMUNITIES FACILITATED A STAKEHOLDER PROCESS TO ESTABLISH GREEN REHABILITATION STANDARDS FOR THE PRESERVATION OF AFFORDABLE HOUSING. THESE REQUIREMENTS WERE INTEGRATED INTO THE MINNESOTA GREEN COMMUNITIES CRITERIA, WHICH ALL PROJECTS APPLYING FOR FUNDS THROUGH THE CONSOLIDATED RFP MUST MEET. FUND STAFF AND CONSULTANTS ALSO PROVIDED TECHNICAL ASSISTANCE TO ARCHITECTS, DEVELOPERS, LOCAL COMMUNITIES, AND GOVERNMENT TO BUILD HEALTHY HOUSING AND IMPROVE ENERGY AND WATER EFFICIENCY IN AFFORDABLE HOUSING. 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 SIX NAVIGATING YOUR COMPETITIVE FUTURE WORKSHOPS IN 2014. THE FUND SUPPORTED ADDITIONAL LEARNING OPPORTUNITIES THROUGH QUARTERLY RCM HOUSING INITIATIVE ADVISORY GROUP SESSIONS; COUNTY HOUSING REDEVELOPMENT AGENCY /COMMUNITY DEVELOPMENT AGENCY MEETINGS; AND THE 6TH ANNUAL HOUSING SUMMIT "DESIGNING GREAT NEIGHBORHOODS." FAMILY HOUSING FUND SUPPORT OF THE HOUSING INITIATIVE HAS INFLUENCED PUBLIC WILL FOR AFFORDABLE HOUSING, WHICH HAS PRODUCED AND PRESERVED 2,711 UNITS IN SUBURBAN CITIES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $289,021 | ExpenseAmt |
| Grant | $51,417 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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.ONLINE COMMUNICATIONIN LATE 2014, THE FUND LAUNCHED A REDESIGNED WEBSITE (WWW.FHFUND.ORG), IMPROVING USER EXPERIENCE WITH EASY ACCESS TO PROGRAM INFORMATION AND INDUSTRY RESOURCES. THE FUND ALSO ESTABLISHED A WEBSITE FOR THE AFFORDABLE HOUSING COLLABORATION OUTCOMES AND LESSONS LEARNED PROJECT, A PARTNERSHIP WITH THE GREATER MINNESOTA HOUSING FUND INTENDED TO INSPIRE ACTION TO PRESERVE AND PRODUCE AFFORDABLE HOUSING AND IMPROVE THE LIVABILITY OF NEIGHBORHOODS THROUGH REFLECTION AND ANALYSIS OF CURRENT AND PAST COLLABORATIVE PROGRAMS.PUBLICATIONSTIMELY DATA IS CRITICAL IN POSITIVELY INFLUENCING THE PUBLIC WILL FOR AFFORDABLE HOUSING. IN 2014, THE FUND COMMISSIONED MAXFIELD RESEARCH TO UPDATE ITS 2000 REPORT ANALYZING THE EFFECT OF AFFORDABLE RENTAL HOUSING ON TWIN CITIES HOME VALUES. THE REPORT REAFFIRMED THAT QUALITY, WELL-MANAGED, AFFORDABLE HOUSING DOES NOT NEGATIVELY IMPACT MARKET PERFORMANCE OF NEARBY SINGLE-FAMILY HOMES. THE REPORT SERVES AS SUPPORTIVE EVIDENCE FOR FUND PARTNERS AND POLICYMAKERS TO REFERENCE WHEN ADVOCATING FOR AFFORDABLE HOUSING.USING THE 2014 MAXFIELD REPORT, REGIONAL ECONOMIC AND REAL ESTATE DATA, AND NATIONAL RESEARCH FUND UPDATED THREE FACT SHEETS THAT SUMMARIZE, ANALYZE, AND CONTEXTUALIZE THE INABILITY OF WORKING FAMILIES TO AFFORD A HOME, THE MISCONCEPTION THAT AFFORDABLE RENTAL HOUSING DECREASES PROPERTY VALUES, AND THE NEGATIVE EFFECTS OF HOMELESSNESS ON TWIN CITIES CHILDREN.. SOUL AND AFFORDABLE HOUSINGOVER THE PAST FIFTEEN YEARS, THE FUND'S SOUL AND AFFORDABLE HOUSING INITIATIVE HAS PERSONALIZED THE ISSUE OF AFFORDABLE HOUSING. YEAR AFTER YEAR, THE HOME SWEET HOME AND HOME SWEET HOME AGAIN EXHIBITS SPARK SOCIAL DIALOGUE BY DEMONSTRATING THE URGENT NEED FOR AFFORDABLE HOUSING AND THE EMOTIONS ASSOCIATED WITH THE IDEA OF HOME. WITH POWERFUL PAINTINGS, PHOTOGRAPHS, AND PROSE, THE INITIATIVE'S 2014 SHOWS EXPOSED THE ARTWORK TO THOUSANDS OF PEOPLE AT THE HENNEPIN COUNTY MINNEAPOLIS CENTRAL LIBRARY AND DOWNTOWN CONGREGATIONS TO END HOMELESSNESS. BOTH GALLERIES WERE INCORPORATED INTO THE FUND'S REDESIGNED WEBSITE TO FURTHER EXPOSE THE COMMUNITY TO THE ARTWORK AND POETRY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $289,021 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $51,417 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $5,348,800 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 50 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 9 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM MASK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6123759644 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL STE 1825 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MAUREEN WARREN | ||||||
| CHAIRPERSON | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHARLES HANLEY | ||||||
| VICE PRESIDENT & TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KAREN J ANDERSON | ||||||
| VICE PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BEVERLY OLIVER HAWKINS | ||||||
| VICE PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PAUL WILLIAMS | ||||||
| VICE PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ANDRIANA ABARIOTES | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JILL ALSHIRE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KRISTIN BECKMANN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CAROL BERDE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GLORIA BOSTROM | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| AMY BRENDMOEN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS COLEMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LISA GOODMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA HELMER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BETSY HODGES | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PETER LINDSTROM | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET LOVEJOY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WARREN MCLEAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CAROLYN E OLSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN QUINCY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JIM ROTH | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GEORGE STONE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RUSS STARK | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAI THAO | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DOUG VAN METRE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID KOSTIK | ||||||
| FORMER BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS P FULTON | ||||||
| PRESIDENT | 40.00 | Yes (X) | $180,777 | $0 | $43,146 | |
| ELIZABETH RYAN | ||||||
| VICE PRESIDENT | 40.00 | Yes (X) | $127,693 | $0 | $30,571 | |
| WILLIAM MASK | ||||||
| DIRECTOR, FINANCE | 40.00 | Yes (X) | $87,581 | $0 | $30,253 | |
| ANITA PIERCE | ||||||
| DIRECTOR, OPERATIONS & HR | 32.00 | Yes (X) | $85,261 | $0 | $21,176 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $481,312 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $125,146 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $7,367,187 | AllOtherContributionsAmt |
| Total Contributions | $7,367,187 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST-HOUSING LOAN | 624200 | $709,056 | $709,056 |
| FEE INCOME | 541610 | $51,843 | $51,843 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $760,899 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $793,890 | TotalRevenueColumnAmt |
| Exclusion | $793,890 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 624200 | BusinessCd |
| Total Revenue Column | $179,526 | TotalRevenueColumnAmt |
| Exclusion | $179,526 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $179,526 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,101,502 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $760,899 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $973,416 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,576,731 | TotalAmt |
| Program Services | $1,576,731 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $607,459 | TotalAmt |
| Program Services | $303,317 | ProgramServicesAmt |
| Management And General | $267,424 | ManagementAndGeneralAmt |
| Fundraising | $36,718 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $531,086 | TotalAmt |
| Program Services | $319,938 | ProgramServicesAmt |
| Management And General | $179,894 | ManagementAndGeneralAmt |
| Fundraising | $31,254 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,958 | TotalAmt |
| Program Services | $67,128 | ProgramServicesAmt |
| Management And General | $26,492 | ManagementAndGeneralAmt |
| Fundraising | $6,338 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,135 | TotalAmt |
| Program Services | $39,529 | ProgramServicesAmt |
| Management And General | $24,518 | ManagementAndGeneralAmt |
| Fundraising | $4,088 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,260 | TotalAmt |
| Program Services | $74,022 | ProgramServicesAmt |
| Management And General | $9,238 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,908 | TotalAmt |
| Management And General | $54,908 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,000 | TotalAmt |
| Program Services | $72,000 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $825,778 | TotalAmt |
| Program Services | $811,171 | ProgramServicesAmt |
| Management And General | $982 | ManagementAndGeneralAmt |
| Fundraising | $13,625 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,861 | TotalAmt |
| Management And General | $82,861 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,546 | TotalAmt |
| Program Services | $40,440 | ProgramServicesAmt |
| Management And General | $27,753 | ManagementAndGeneralAmt |
| Fundraising | $4,353 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,041 | TotalAmt |
| Program Services | $8,597 | ProgramServicesAmt |
| Management And General | $17,444 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $844,088 | TotalAmt |
| Program Services | $844,088 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,712 | TotalAmt |
| Program Services | $712,749 | ProgramServicesAmt |
| Management And General | $7,748 | ManagementAndGeneralAmt |
| Fundraising | $1,215 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,782 | TotalAmt |
| Program Services | $11,027 | ProgramServicesAmt |
| Management And General | $7,568 | ManagementAndGeneralAmt |
| Fundraising | $1,187 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN GUARANTEE EXPENSE | $200,000 | $200,000 | |
| SUBJECT RELATED EXPENSE | $159,195 | $159,195 | |
| PROVISION FOR LOAN LOSS | $105,234 | $105,234 | |
| MISCELLANEOUS EXPENSE | $12,617 | $3,634 | $8,983 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,163,391 | TotalAmt |
| Program Services | $5,348,800 | ProgramServicesAmt |
| Management And General | $715,813 | ManagementAndGeneralAmt |
| Fundraising | $98,778 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $665,867 | BOYAmt |
| EOY | $995,421 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,243,179 | BOYAmt |
| EOY | $8,102,412 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,972,500 | BOYAmt |
| EOY | $5,432,086 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,002 | BOYAmt |
| EOY | $102,564 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,483 | BOYAmt |
| EOY | $43,318 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $305,062 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $273,553 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,530 | BOYAmt |
| EOY | $31,509 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,698,420 | BOYAmt |
| EOY | $53,404,032 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,779 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,864,760 | BOYAmt |
| EOY | $68,111,342 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $417,968 | BOYAmt |
| EOY | $104,055 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $348,250 | BOYAmt |
| EOY | $270,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,097,412 | BOYAmt |
| EOY | $28,584,371 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $880,490 | BOYAmt |
| EOY | $1,145,103 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,744,120 | BOYAmt |
| EOY | $30,103,529 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,910,783 | BOYAmt |
| EOY | $14,116,583 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,209,857 | BOYAmt |
| EOY | $23,891,230 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,120,640 | BOYAmt |
| EOY | $38,007,813 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,864,760 | BOYAmt |
| EOY | $68,111,342 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,938,111 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $949,062 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 4 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (4 entries)
| EINEIN | Organization TypeOrganizationTypeDesc | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| CITY OF ST PAUL | ||||
| 416005521 | 6 | Yes (1) | $0 | $0 |
| CITY OF MINNEAPOLIS | ||||
| 416005375 | 6 | Yes (1) | $0 | $0 |
| METROPOLITAN COUNCIL | ||||
| 416008898 | 6 | Yes (1) | $0 | $0 |
| MINNESOTA HOUSING FINANCE AGENCY | ||||
| 411599130 | 6 | Yes (1) | $152,000 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 4 | SupportedOrganizationsTotalCnt |
| Support Sum | $152,000 | SupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $72,000 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $72,000 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $5,992,613 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $6,064,613 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $453,231 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $113,308 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $670,215 | CurrentYearMinus3Amt |
| Current Year Minus2 | $673,902 | CurrentYearMinus2Amt |
| Current Year Minus1 | $548,544 | CurrentYearMinus1Amt |
| Current Year | $453,231 | CurrentYearAmt |
| Total | $2,345,892 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,518,838 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $223,054 | CurrentYearMinus3Amt |
| Current Year Minus2 | $228,976 | CurrentYearMinus2Amt |
| Current Year Minus1 | $60,000 | CurrentYearMinus1Amt |
| Current Year | $72,000 | CurrentYearAmt |
| Total | $584,030 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $167,554 | CurrentYearMinus3Amt |
| Current Year Minus2 | $168,476 | CurrentYearMinus2Amt |
| Current Year Minus1 | $137,136 | CurrentYearMinus1Amt |
| Current Year | $113,308 | CurrentYearAmt |
| Total | $586,474 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $879,711 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $167,554 | CurrentYearMinus3Amt |
| Current Year Minus2 | $168,476 | CurrentYearMinus2Amt |
| Current Year Minus1 | $137,136 | CurrentYearMinus1Amt |
| Current Year | $113,308 | CurrentYearAmt |
| Total | $586,474 | TotalAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $181,314 | OtherCostOrOtherBasisAmt |
| Depreciation | $178,579 | DepreciationAmt |
| Book Value | $2,735 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $123,748 | OtherCostOrOtherBasisAmt |
| Depreciation | $94,974 | DepreciationAmt |
| Book Value | $28,774 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $31,509 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET LOAN RECEIVABLE | Desc |
| Book Value | $53,404,032 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $53,404,032 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER LIABILTIIES | $595,103 |
| LOAN GUARANTY | $550,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,145,103 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,050,564 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,050,564 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$949,062 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$949,062 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,101,502 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,163,391 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,163,391 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,163,391 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 LLC'S ARE SINGLE MEMBER LLC'S AND ALL THEIR ACTIVITIES ARE INCLUDED ON THE FILINGS WITH THE FUND. EFFECTIVE JANUARY 1, 2009, A NEW ACCOUNTING STANDARD THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WAS RECOGNIZED IN THE FUND'S FINANCIAL STATEMENTS. 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 CONSOLIDATED FINANCIAL STATEMENTS. THE FUND FILES AS A TAX-EXEMPT ORGANIZATION. THE FUND'S 2011, 2012, AND 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GAIN FROM THE DECREASE IN THE PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE -949,062. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (35 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|
| URBAN LAND INSTITUTE | |||||||||
| 81 SOUTH NINTH STREET | MINNEAPOLIS | MN | 55402 | 530159845 | 501(C)(3) | $200,000 | 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) | $145,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| MINNESOTA HOUSING FINANCE AGENCY | |||||||||
| 400 SIBLEY STREET SUITE 300 | SAINT PAUL | MN | 55101 | 411599130 | 501(C)(3) | $125,000 | N/A | N/A | HOMEOWNER EDUCATION SERVICES |
| LUTHERAN SOCIAL SERVICE OF MN | |||||||||
| 2485 COMO AVENUE | SAINT PAUL | MN | 55108 | 410872993 | 501(C)(3) | $92,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| UNIVERSITY OF MN FOUNDATION FOR REAL ESTATE | |||||||||
| 200 OAK STREET SE SUITE 500 | MINNEAPOLIS | MN | 55455 | 274131769 | 501(C)(3) | $90,000 | N/A | N/A | SUPPORT OF REGIONAL PROGRAMS |
| HOPE 4 YOUTH | |||||||||
| 2665 4TH AVE N | ANOKA | MN | 55303 | 411626500 | 501(C)(3) | $86,500 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| AMHERST H WILDER FOUNDATION | |||||||||
| 451 LEXINGTON PKWY N | SAINT PAUL | MN | 55104 | 410693889 | 501(C)(3) | $80,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| THE LINK | |||||||||
| 1210 GLENWOOD AVE | MINNEAPOLIS | MN | 55405 | 411920649 | 501(C)(3) | $56,100 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| HOUSING LINK | |||||||||
| 600 18TH AVENUE NORTH | MINNEAPOLIS | MN | 55411 | 411873314 | 501(C)(3) | $50,000 | N/A | N/A | GENERAL OPERATING SUPPORT |
| HOUSING PRESERVATION PROJECT | |||||||||
| 570 ASBURY STREET | SAINT PAUL | MN | 55104 | 411930525 | 501(C)(3) | $50,000 | N/A | N/A | GENERAL OPERATING SUPPORT |
| PROJECT FOR PRIDE IN LIVING | |||||||||
| 1035 E FRANKLIN AVE | MINNEAPOLIS | MN | 55404 | 237232208 | 501(C)(3) | $50,000 | N/A | N/A | HOMEBUYER COUNSELING SERVICES |
| COMMUNITY STABILIZATION PROJECT | |||||||||
| 501 DALE STREET NORTH SUITE 203 | SAINT PAUL | MN | 55103 | 411729493 | 501(C)(3) | $45,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| SPRINGBOARD FOR THE ARTS | |||||||||
| 308 PRINCE STREET SUITE 270 | SAINT PAUL | MN | 55101 | 411690483 | 501(C)(3) | $37,817 | N/A | N/A | PUBLIC EDUCATION GRANT |
| FROGTOWN NEIGHBORHOOD ASSOCIATION | |||||||||
| 685 W MINNEHAHA AVE | SAINT PAUL | MN | 55104 | 410963444 | 501(C)(3) | $30,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| MINNESOTA HOUSING FINANCE AGENCY | |||||||||
| 400 SIBLEY STREET SUITE 300 | SAINT PAUL | MN | 55101 | 411599130 | 501(C)(3) | $27,000 | N/A | N/A | GENERAL OPERATING SUPPORT |
| LOCAL INITIATIVES SUPPORT CORPORATION | |||||||||
| 507 ASBURY STREET | SAINT PAUL | MN | 55104 | 133030229 | 501(C)(3) | $25,000 | N/A | N/A | SUPPORT OF REGIONAL AND DIVERSITY PROGRAMS |
| MINNESOTA HOME OWNERSHIP CENTER | |||||||||
| 633 SOUTH CONCORD STREET | SAINT PAUL | MN | 55075 | 411741817 | 501(C)(3) | $25,000 | N/A | N/A | CAPITAL SUPPORT |
| MINNESOTA NAHRO | |||||||||
| 555 NORTH WABASHA ST SUITE 55102 | SAINT PAUL | MN | 55102 | 411299400 | 501(C)(3) | $20,000 | N/A | N/A | SUPPORT OF REGIONAL PROGRAMS |
| SIMPSON HOUSING SERVICES | |||||||||
| 2100 PILLSBURY AVE SO | MINNEAPOLIS | MN | 55404 | 411316151 | 501(C)(3) | $20,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| CHRISTIAN RESTORATION SERVICES | |||||||||
| 7157 COMMERCE CRL W | FRIDLEY | MN | 55432 | 411911629 | 501(C)(3) | $15,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| HISTORIC SAINT PAUL | |||||||||
| 318 LANDMARK CENTER | SAINT PAUL | MN | 55102 | 411903550 | 501(C)(3) | $15,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| MID-MINNESOTA LEGAL ASSISTANCE | |||||||||
| 430 1ST AVE NO SUITE 300 | MINNEAPOLIS | MN | 55401 | 411412710 | 501(C)(3) | $15,000 | N/A | N/A | HOMELESSNESS - FORECLOSURE COUNSELING SERVICES |
| SUMMIT UNIVERSITY PLANNING COUNCIL | |||||||||
| 909 B SELBY AVE | SAINT PAUL | MN | 55104 | 411278449 | 501(C)(3) | $15,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| CANVAS HEALTH | |||||||||
| 7066 STILLWATER BLVD | OAKDALE | MN | 55128 | 410955577 | 501(C)(3) | $11,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| BUILDING BLOCKS | |||||||||
| 1161 WAYZATA BLVD E 403 | WAYZATA | MN | 55391 | 452367198 | 501(C)(3) | $10,000 | N/A | N/A | GENERAL OPERATING SUPPORT |
| CARVER COUNTY CDA | |||||||||
| 705 WALNUT STREET | CHASKA | MN | 55318 | 411463925 | 501(C)(3) | $10,000 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS | |||||||||
| 3137 CHICAGO AVE SO | MINNEAPOLIS | MN | 55407 | 411658654 | 501(C)(3) | $10,000 | N/A | N/A | GENERAL OPERATING SUPPORT |
| MINNESOTA COALITION FOR THE HOMELESS | |||||||||
| 2233 UNIVERSITY AVE WEST | SAINT PAUL | MN | 55114 | 411601248 | 501(C)(3) | $10,000 | N/A | N/A | PUBLIC EDUCATION GRANT |
| NORTHCOUNTRY COOP FOUNDATION | |||||||||
| 219 MAIN ST SE 500 | MINNEAPOLIS | MN | 55414 | 411953515 | 501(C)(3) | $10,000 | N/A | N/A | SUPPORT OF REGIONAL PROGRAMS |
| PROSPECT PARK 2020 INC | |||||||||
| 2950 UNIVERSITY AVE SE | MINNEAPOLIS | MN | 55414 | 462407182 | 501(C)(3) | $10,000 | N/A | N/A | SUPPORT OF REGIONAL PROGRAMS |
| URBAN HOMEWORKS | |||||||||
| 2015 EMERSON AVE N | MINNEAPOLIS | MN | 55411 | 411821520 | 501(C)(3) | $10,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| STEPPING STONE EMERGENCY HOUSING | |||||||||
| 3300 4TH AVE N 14 | ANOKA | MN | 55303 | 203226868 | 501(C)(3) | $9,700 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| CULTURAL WELLNESS CENTER | |||||||||
| 2025 PORTLAND AVENUE | MINNEAPOLIS | MN | 55404 | 411850859 | 501(C)(3) | $8,000 | N/A | N/A | FROGTOWN RONDO HOME FUND |
| KCQ INC | |||||||||
| 402 HERITAGE PLACE | FARIBAULT | MN | 55021 | 411492566 | 501(C)(3) | $6,900 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| DAKOTA COUNTY SOCIAL SERVICES | |||||||||
| 1 MENDOTA ROAD W 200 | WEST SAINT PAUL | MN | 55118 | 416005786 | 501(C)(3) | $6,500 | N/A | N/A | HOMELESSNESS - SERVICE FUNDING |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 35 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FILES ARE KEPT ON GRANTEES AND GRANTS ARE AWARDED TO LOW AND MODERATE INCOME PERSONS OR ORGANIZATIONS SPONSORING HOUSING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| THOMAS P FULTON | ||||||||||||||
| PRESIDENT | $180,728 | $0 | $0 | $0 | $49 | $0 | $0 | $0 | $43,146 | $0 | $223,923 | $0 | $0 | $0 |
| ELIZABETH RYAN | ||||||||||||||
| VICE PRESIDENT | $127,569 | $0 | $0 | $0 | $124 | $0 | $0 | $0 | $30,571 | $0 | $158,264 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID KOSTIK | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FORMER BOARD MEMBER | RelationshipDescriptionTxt |
| Transaction | $13,625 | TransactionAmt |
| Transaction | CONSULTING SERVICES | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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 782,845. MANAGEMENT AND GENERAL EXPENSES 982. FUNDRAISING EXPENSES 13,625. TOTAL EXPENSES 797,452. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 28,326. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,326. |
| FORM 990, PART XI, LINE 9: | GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVALBE 949,062. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWIN CITIES COMMUNITY LAND BANK | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 615 FIRST AVENUE NE STE 410 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270260037 | EIN |
| Primary Activities | CREATING SUSTAINABLE HOMEOWNERSHIP OR RENTAL OPPORTUNITIES FOR PEOPLE | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAMILY HOUSING FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TWIN CITIES COMMUNITY LAND BANK | ||
| D | $4,905,375 | OUTSTANDING LOANS |
| TWIN CITIES COMMUNITY LAND BANK | ||
| L | $59,195 | FAIR VALUE OF CONSULTING SERVICES |
| TWIN CITIES COMMUNITY LAND BANK | ||
| A | $194,852 | INEREST RECEIVED ON LOANS |
| TWIN CITIES COMMUNITY LAND BANK | ||
| B | $100,000 | GRANT AMOUNT |
Comments