2015-05-14T14:52:55-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 THOMAS P FULTON PRESIDENT 6123759644 2015-05-11 1 CHAD LASSEN P01587992 6123764500 2014 2016-02-25 16:41:14Z THOMAS P FULTON MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 9101502 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 24 24 9 0 0 0 7200823 7367187 1615618 760899 0 793890 116190 179526 8932631 9101502 1756157 1576731 0 0 1236840 1306638 0 0 98778 5079174 3280022 8072171 6163391 860460 2938111 61864760 68111342 27744120 30103529 34120640 38007813 X 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. 0 0 2798159 280500 737818 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. 1474788 664814 0 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. 786832 580000 23081 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. 289021 51417 0 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. 289021 51417 0 5348800 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 1 0 0 0 0 0 0 0 1 1 1 0 0 1 50 0 9 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN 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 AMY BRENDMOEN DIRECTOR 2.00 X 0 0 0 CHRIS COLEMAN 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 BETSY HODGES 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 DAVID KOSTIK FORMER BOARD MEMBER 1.00 X 0 0 0 THOMAS P FULTON PRESIDENT 40.00 X 180777 0 43146 ELIZABETH RYAN VICE PRESIDENT 40.00 X 127693 0 30571 WILLIAM MASK DIRECTOR, FINANCE 40.00 X 87581 0 30253 ANITA PIERCE DIRECTOR, OPERATIONS & HR 32.00 X 85261 0 21176 481312 0 125146 2 0 1 0 0 7367187 7367187 INTEREST-HOUSING LOAN 624200 709056 709056 FEE INCOME 541610 51843 51843 760899 793890 793890 MISCELLANEOUS 624200 179526 179526 179526 9101502 760899 0 973416 X 1576731 1576731 607459 303317 267424 36718 531086 319938 179894 31254 99958 67128 26492 6338 68135 39529 24518 4088 83260 74022 9238 54908 54908 72000 72000 825778 811171 982 13625 82861 82861 72546 40440 27753 4353 26041 8597 17444 844088 844088 721712 712749 7748 1215 19782 11027 7568 1187 LOAN GUARANTEE EXPENSE 200000 200000 SUBJECT RELATED EXPENSE 159195 159195 PROVISION FOR LOAN LOSS 105234 105234 MISCELLANEOUS EXPENSE 12617 3634 8983 6163391 5348800 715813 98778 665867 995421 8243179 8102412 3972500 5432086 73002 102564 31483 43318 305062 273553 37530 31509 48698420 53404032 142779 0 61864760 68111342 417968 104055 348250 270000 26097412 28584371 880490 1145103 27744120 30103529 X 12910783 14116583 21209857 23891230 34120640 38007813 61864760 68111342 X 2938111 949062 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 152000 0 4 152000 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 5992613 6064613 453231 113308 0 0 670215 673902 548544 453231 2345892 3518838 223054 228976 60000 72000 584030 167554 168476 137136 113308 586474 879711 167554 168476 137136 113308 586474 181314 178579 2735 123748 94974 28774 31509 NET LOAN RECEIVABLE 53404032 F 53404032 OTHER LIABILTIIES 595103 LOAN GUARANTY 550000 1145103 X 10050564 0 10050564 -949062 -949062 9101502 6163391 0 6163391 0 6163391 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. 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) 145000 N/A N/A HOMELESSNESS - SERVICE FUNDING MINNESOTA HOUSING FINANCE AGENCY 400 SIBLEY STREET SUITE 300 SAINT PAUL MN 55101 411599130 501(C)(3) 125000 N/A N/A HOMEOWNER EDUCATION SERVICES LUTHERAN SOCIAL SERVICE OF MN 2485 COMO AVENUE SAINT PAUL MN 55108 410872993 501(C)(3) 92000 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) 90000 N/A N/A SUPPORT OF REGIONAL PROGRAMS HOPE 4 YOUTH 2665 4TH AVE N ANOKA MN 55303 411626500 501(C)(3) 86500 N/A N/A HOMELESSNESS - SERVICE FUNDING AMHERST H WILDER FOUNDATION 451 LEXINGTON PKWY N SAINT PAUL MN 55104 410693889 501(C)(3) 80000 N/A N/A FROGTOWN RONDO HOME FUND THE LINK 1210 GLENWOOD AVE MINNEAPOLIS MN 55405 411920649 501(C)(3) 56100 N/A N/A HOMELESSNESS - SERVICE FUNDING HOUSING LINK 600 18TH AVENUE NORTH MINNEAPOLIS MN 55411 411873314 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT HOUSING PRESERVATION PROJECT 570 ASBURY STREET SAINT PAUL MN 55104 411930525 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT PROJECT FOR PRIDE IN LIVING 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 50000 N/A N/A HOMEBUYER COUNSELING SERVICES COMMUNITY STABILIZATION PROJECT 501 DALE STREET NORTH SUITE 203 SAINT PAUL MN 55103 411729493 501(C)(3) 45000 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) 37817 N/A N/A PUBLIC EDUCATION GRANT FROGTOWN NEIGHBORHOOD ASSOCIATION 685 W MINNEHAHA AVE SAINT PAUL MN 55104 410963444 501(C)(3) 30000 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) 27000 N/A N/A GENERAL OPERATING SUPPORT LOCAL INITIATIVES SUPPORT CORPORATION 507 ASBURY STREET SAINT PAUL MN 55104 133030229 501(C)(3) 25000 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) 25000 N/A N/A CAPITAL SUPPORT MINNESOTA NAHRO 555 NORTH WABASHA ST SUITE 55102 SAINT PAUL MN 55102 411299400 501(C)(3) 20000 N/A N/A SUPPORT OF REGIONAL PROGRAMS SIMPSON HOUSING SERVICES 2100 PILLSBURY AVE SO MINNEAPOLIS MN 55404 411316151 501(C)(3) 20000 N/A N/A HOMELESSNESS - SERVICE FUNDING CHRISTIAN RESTORATION SERVICES 7157 COMMERCE CRL W FRIDLEY MN 55432 411911629 501(C)(3) 15000 N/A N/A HOMELESSNESS - SERVICE FUNDING HISTORIC SAINT PAUL 318 LANDMARK CENTER SAINT PAUL MN 55102 411903550 501(C)(3) 15000 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) 15000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES SUMMIT UNIVERSITY PLANNING COUNCIL 909 B SELBY AVE SAINT PAUL MN 55104 411278449 501(C)(3) 15000 N/A N/A FROGTOWN RONDO HOME FUND CANVAS HEALTH 7066 STILLWATER BLVD OAKDALE MN 55128 410955577 501(C)(3) 11000 N/A N/A HOMELESSNESS - SERVICE FUNDING BUILDING BLOCKS 1161 WAYZATA BLVD E 403 WAYZATA MN 55391 452367198 501(C)(3) 10000 N/A N/A GENERAL OPERATING SUPPORT CARVER COUNTY CDA 705 WALNUT STREET CHASKA MN 55318 411463925 501(C)(3) 10000 N/A N/A HOMELESSNESS - SERVICE FUNDING METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS 3137 CHICAGO AVE SO MINNEAPOLIS MN 55407 411658654 501(C)(3) 10000 N/A N/A GENERAL OPERATING SUPPORT 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 NORTHCOUNTRY COOP FOUNDATION 219 MAIN ST SE 500 MINNEAPOLIS MN 55414 411953515 501(C)(3) 10000 N/A N/A SUPPORT OF REGIONAL PROGRAMS PROSPECT PARK 2020 INC 2950 UNIVERSITY AVE SE MINNEAPOLIS MN 55414 462407182 501(C)(3) 10000 N/A N/A SUPPORT OF REGIONAL PROGRAMS URBAN HOMEWORKS 2015 EMERSON AVE N MINNEAPOLIS MN 55411 411821520 501(C)(3) 10000 N/A N/A FROGTOWN RONDO HOME FUND STEPPING STONE EMERGENCY HOUSING 3300 4TH AVE N 14 ANOKA MN 55303 203226868 501(C)(3) 9700 N/A N/A HOMELESSNESS - SERVICE FUNDING CULTURAL WELLNESS CENTER 2025 PORTLAND AVENUE MINNEAPOLIS MN 55404 411850859 501(C)(3) 8000 N/A N/A FROGTOWN RONDO HOME FUND KCQ INC 402 HERITAGE PLACE FARIBAULT MN 55021 411492566 501(C)(3) 6900 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) 6500 N/A N/A HOMELESSNESS - SERVICE FUNDING 35 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 THOMAS P FULTON PRESIDENT 180728 0 0 0 49 0 0 0 43146 0 223923 0 0 0 ELIZABETH RYAN VICE PRESIDENT 127569 0 0 0 124 0 0 0 30571 0 158264 0 0 0 DAVID KOSTIK FORMER BOARD MEMBER 13625 CONSULTING SERVICES 0 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. 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 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 4905375 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK L 59195 FAIR VALUE OF CONSULTING SERVICES TWIN CITIES COMMUNITY LAND BANK A 194852 INEREST RECEIVED ON LOANS TWIN CITIES COMMUNITY LAND BANK B 100000 GRANT AMOUNT