2014-07-14T12:52:25-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 THOMAS P FULTON PRESIDENT 6123759644 2014-07-14 1 CHAD LASSEN P01587992 6123764500 2013 2015-11-30 17:44:51Z THOMAS P FULTON MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 8932631 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 24 24 10 275 0 0 3559899 7200823 1553995 1615618 0 0 47086 116190 5160980 8932631 2991447 1756157 0 0 1294394 1236840 13055 0 101298 5374766 5079174 9673662 8072171 -4512682 860460 65492140 61864760 32231960 27744120 33260180 34120640 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 7343340 1756157 1615618 ESTABLISHED IN 1980, THE FAMILY HOUSING FUND SUPPORTS THE CITIES OF MINNEAPOLIS AND SAINT PAUL, THE METROPOLITAN COUNCIL AND MINNESOTA HOUSING FINANCE AGENCY IN THEIR EFFORTS TO MEET THE REGION'S AFFORDABLE HOUSING NEEDS. ORIGINALLY CREATED BY THE MCKNIGHT FOUNDATION AND THE CITIES OF MINNEAPOLIS AND SAINT PAUL, THE FUND OFFICIALLY EXTENDED ITS SERVICE AREA IN 1997 TO INCLUDE THE ENTIRE TWIN CITIES SEVEN-COUNTY METROPOLITAN AREA. IN 2007, THE FUND ADDED THE VICE-PRESIDENT OF REGIONAL HOUSING INITIATIVES POSITION TO HELP BUILD NEW ALLIANCES IN SUBURBAN COMMUNITIES AND ENSURE HOUSING CHOICE AND PROSPERITY FOR THE ENTIRE METROPOLITAN REGION. THE FUND HAS RAISED MORE THAN $230 MILLION FROM PRIVATE FOUNDATIONS AND CORPORATIONS AND NUMEROUS PUBLIC SOURCES AND LEVERAGED AN ADDITIONAL $3 BILLION FOR THE AFFORDABLE HOUSING SYSTEM FROM OTHER SOURCES. THE FUND HAS USED THIS MONEY TO LEVERAGE MAJOR POLICY AND SYSTEMS CHANGE AND TO HELP PRESERVE AND PRODUCE MORE THAN 35,800 AFFORDABLE HOUSING UNITS FOR LOWER-INCOME FAMILIES. AS A HOUSING INTERMEDIARY, THE FUND BRINGS TOGETHER PEOPLE, MONEY AND EXPERTISE TO SUPPORT THE DELIVERY OF AFFORDABLE HOUSING. AS A FUNDER, THE FUND RAISES MONEY FROM FOUNDATIONS AND CORPORATIONS AND USES THOSE FUNDS TO MAKE TARGETED GRANTS AND LOANS FOR THE CREATION AND PRESERVATION OF QUALITY AFFORDABLE HOUSING. AS A CONVENER AND FACILITATOR, THE FUND BRINGS TOGETHER INDIVIDUALS AND ORGANIZATIONS FROM THE PRIVATE, PUBLIC AND NONPROFIT SECTORS TO DEVELOP WAYS TO MEET THE GROWING DEMAND FOR SUSTAINABLE HOUSING AND TO IDENTIFY AND TACKLE STRATEGIC HOUSING ISSUES. AS AN EDUCATOR, THE FUND PROVIDES INFORMATION TO COMMUNITY LEADERS AND THE GENERAL PUBLIC ABOUT AFFORDABLE HOUSING NEEDS AND OPPORTUNITIES. THE FUND DIVIDES ITS WORK INTO FOUR AREAS, INCLUDING: LINKING WORKFORCE HOUSING AND REGIONAL GROWTH; ENDING HOMELESSNESS; PROMOTING SUCCESSFUL HOMEOWNERSHIP; AND REIMAGINING AFFORDABLE HOUSING. THERE HAVE BEEN MANY LESSONS LEARNED FROM THE FUND'S WORK. MOST NOTABLE IS THE RECOGNITION THAT AFFORDABLE HOUSING IS A CORE NEED THAT MUST BE MET IF CHILDREN ARE TO SUCCEED IN SCHOOL, PARENTS ARE TO PERFORM WELL AT WORK AND THE FAMILY AS A WHOLE IS ABLE TO THRIVE IN THE COMMUNITY. SPECIAL THANKS IS GIVEN TO THE MCKNIGHT FOUNDATION, WHOSE LEADERSHIP AND VISION CONTINUE TO GUIDE AND MOTIVATE THE FUND'S ENDEAVORS, AND TO THE FUND'S MANY PRIVATE AND PUBLIC PARTNERS, WHO ARE WORKING WITH THE FUND TO MAKE SAFE SUSTAINABLE HOMES FOR ALL CHILDREN AND FAMILIES IN MINNESOTA. 7343340 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 1 50 0 10 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 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 CECILE BEDOR 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 MELVIN CARTER DIRECTOR 2.00 X 0 0 0 TONI CARTER DIRECTOR 2.00 X 0 0 0 CHRIS COLEMAN DIRECTOR 2.00 X 0 0 0 ELIZABETH GLIDDEN DIRECTOR 2.00 X 0 0 0 LISA GOODMAN DIRECTOR 2.00 X 0 0 0 JENNIFER KARPINKO DIRECTOR 2.00 X 0 0 0 MARGARET LOVEJOY DIRECTOR 2.00 X 0 0 0 NANCY TYRA LUKENS 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 JIM ROTH DIRECTOR 2.00 X 0 0 0 RT RYBAK DIRECTOR 2.00 X 0 0 0 GEORGE STONE DIRECTOR 2.00 X 0 0 0 TOM STREITZ DIRECTOR 2.00 X 0 0 0 RUSS STARK DIRECTOR 2.00 X 0 0 0 JOANNE WHITERABBIT DIRECTOR 2.00 X 0 0 0 LAURA HELMER DIRECTOR 2.00 X 0 0 0 AMY BRENDMOEN DIRECTOR 2.00 X 0 0 0 THOMAS P FULTON PRESIDENT 40.00 X 176069 0 40513 ELIZABETH RYAN VICE PRESIDENT 40.00 X 124390 0 30720 WILLIAM MASK DIRECTOR, FINANCE 40.00 X 85302 0 31132 ANITA PIERCE DIRECTOR, OPERATIONS & HR 35.00 X 82637 0 17380 468398 0 119745 2 0 1 0 INTERNET EXPOSURE 1101 WASHINGTON AVENUE SOUTH MINNEAPOLIS MN 55415 WEBSITE DESIGN AND DEVELOPMENT 180000 1 7200823 7200823 INTEREST-HOUSING LOAN 624200 1584621 1584621 FEE INCOME 541610 30997 30997 1615618 MISCELLANEOUS 624200 116190 116190 116190 8932631 1615618 0 116190 X 1756157 1756157 587746 294132 258502 35112 481725 363815 87339 30571 103605 77513 16933 9159 63764 46012 14672 3080 57185 48667 8518 57912 57912 60000 60000 1053900 981988 56687 15225 68039 68039 76713 48582 23349 4782 53059 36158 16901 800553 800553 708049 695137 10717 2195 18831 11925 5732 1174 PROVISION FOR LOAN LOSS 1601513 1601513 SUBJECT RELATED EXPENSE 486505 486505 REPORTS/COMMUNICATIONS 29043 29043 MISCELLANEOUS EXPENSE 7872 5640 2232 8072171 7343340 627533 101298 535424 665867 11448523 8243179 2542000 3972500 104687 73002 59043 31483 340439 302909 60464 37530 50539351 48698420 202648 142779 65492140 61864760 1349567 417968 1106000 348250 28891150 26097412 885243 880490 32231960 27744120 X 10395669 12910783 22864511 21209857 33260180 34120640 65492140 61864760 860460 0 X 0 1 X 1 0 X X X 0 0 0 CITY OF ST PAUL 416005521 6 1 1 1 0 CITY OF MINNEAPOLIS 416005375 6 1 1 1 80000 METROPOLITAN COUNCIL 416008898 6 1 1 1 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 1 1 0 4 80000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 60000 60000 7910873 7970873 548544 137136 0 0 657217 670215 673902 548544 2549878 3824817 224304 223054 228976 60000 736334 164304 167554 168476 137136 637470 956205 164304 167554 168476 500334 178579 167431 11148 161860 135478 26382 37530 NET LOAN RECEIVABLE 48698420 F 48698420 OTHER LIABILTIIES 530490 LOAN GUARANTY 350000 880490 X 9037665 105034 105034 8932631 0 8932631 8177205 105034 105034 8072171 0 8072171 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 2010, 2011, AND 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. X 1 KOSTIK & ASSOCIATES INC 6600 LYNDALE AVE S MINNEAPOLIS MN 55423 GRANT WRITING 0 4968452 15225 4953227 4968452 15225 4953227 MN 1 AIN DUH YUNG CENTER 1089 PORTLAND AVENUE SAINT PAUL MN 55104 411697692 501(C)(3) 50000 N/A N/A HOMELESSNESS - SERVICE FUNDING AVENUES FOR HOMELESS YOUTH 1708 OAK PARK AVENUE NORTH MINNEAPOLIS MN 55411 411765140 501(C)(3) 15864 N/A N/A HOMELESSNESS - SERVICE FUNDING CARVER COUNTY CDA 705 WALNUT STREET CHASKA MN 55318 411463925 CARVER COUNTY 6360 N/A N/A HOMELESSNESS - SERVICE FUNDING CHILDREN'S DEFENSE FUND 555 PARK STREET SAINT PAUL MN 55103 520895622 501(C)(3) 80000 N/A N/A HOMELESSNESS - SERVICE FUNDING CITY OF MINNEAPOLIS - CPED 105 5TH AVE SO MINNEAPOLIS MN 55401 416005375 CITY OF MINNEAPOLIS 80000 N/A N/A GREEN HOMES NORTH CORPORATION FOR SUPPORTIVE HOUSING 2801 21ST AVENUE SOUTH MINNEAPOLIS MN 55407 133600232 501(C)(3) 20000 N/A N/A HOMELESSNESS - CAPACITY BUILDING FAMILY PROMISE OF ANOKA COUNTY 14515 NOWTHEN BLVD NW RAMSEY MN 55303 271151848 501(C)(3) 9700 N/A N/A HOMELESSNESS - SERVICE FUNDING GREATER METROPOLITAN HOUSING CORPORATION 15 SOUTH 5TH STREET MINNEAPOLIS MN 55402 410968007 501(C)(3) 100000 N/A N/A CAPITAL SUPPORT HOME LINE 3455 BLOOMINGTON AVE MINNEAPOLIS MN 55407 411941115 501(C)(3) 25000 N/A N/A GENERAL OPERATING SUPPORT HOME LINE 3455 BLOOMINGTON AVE MINNEAPOLIS MN 55407 411941115 501(C)(3) 20000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES 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 HOUSING PRESERVATION PROJECT 570 ASBURY STREET SAINT PAUL MN 55104 411930525 501(C)(3) 50000 N/A N/A MPHA GRANT KCQ INC 402 HERITAGE PLACE FARIBAULT MN 55021 411492566 501(C)(3) 86500 N/A N/A HOMELESSNESS - SERVICE FUNDING LEGAL AID SOCIETY OF MINNEAPOLIS 430 1ST AVE NO SUITE 300 MINNEAPOLIS MN 55401 411412710 501(C)(3) 30000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES LOCAL INITIATIVES SUPPORT CORPORATION 507 ASBURY STREET SAINT PAUL MN 55104 133030229 501(C)(3) 80000 N/A N/A SUPPORT OF REGIONAL AND DIVERSITY PROGRAMS MID-MINNESOTA LEGAL ASSISTANCE 430 1ST AVE NO SUITE 300 MINNEAPOLIS MN 55401 411412710 501(C)(3) 50000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES MINNESOTA HOME OWNERSHIP CENTER 633 SOUTH CONCORD STREET SAINT PAUL MN 55075 411741817 501(C)(3) 55000 N/A N/A CAPITAL SUPPORT MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVE WEST SAINT PAUL MN 55114 411601248 501(C)(3) 11000 N/A N/A PUBLIC EDUCATION GRANT MODEL CITIES INC 839 UNIVERSITY AVE SAINT PAUL MN 55104 411687873 501(C)(3) 25000 N/A N/A CAPITAL SUPPORT NEIGHBORHOOD DEVELOPMENT CORPORATION 663 UNIVERSITY AVE SAINT PAUL MN 55104 411738791 501(C)(3) 10000 N/A N/A CAPITAL SUPPORT NEIGHBORHOOD HOUSE 179 ROBIE STREET SAINT PAUL MN 55107 410693916 501(C)(3) 6000 N/A N/A PARTNERS FUND 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 SIMPSON HOUSING SERVICES 2100 PILLSBURY AVE SO MINNEAPOLIS MN 55404 411316151 501(C)(3) 11100 N/A N/A HOMELESSNESS - SERVICE FUNDING SOUTHERN MINNESOTA REGION LEGAL SERVICES 166 E 4TH ST SAINT PAUL MN 55101 411316151 501(C)(3) 53500 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES ST STEPHEN'S HUMAN SERVICES 2211 CLINTON AVENUE SOUTH MINNEAPOLIS MN 55404 010639118 501(C)(3) 45300 N/A N/A HOMELESSNESS - SERVICE FUNDING TEENS ALONE INC 915 MAIN STREET HOPKINS MN 55343 411689632 501(C)(3) 75000 N/A N/A HOMELESSNESS - SERVICE FUNDING THE FAMILY PLACE 244 10TH ST E SAINT PAUL MN 55101 412003333 501(C)(3) 35000 N/A N/A HOMELESSNESS - SERVICE FUNDING TWIN CITIES COMMUNITY LAND BANK 615 FIRST AVE NE SUITE 410 MINNEAPOLIS MN 55413 270260037 501(C)(3) 27065 N/A N/A TRANSFER OF TWIN CITIES COMMUNITY PROPERTY SERVICES TWIN CITIES HABITAT FOR HUMANITY 1954 UNIVERSITY AVE W SAINT PAUL MN 55104 363363171 501(C)(3) 100000 N/A N/A CAPITAL SUPPORT 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 URBAN LAND INSTITUTE 81 SOUTH NINTH STREET MINNEAPOLIS MN 55402 530159845 501(C)(3) 200000 N/A N/A REGIONAL HOUSING PRESERVATION AND PRODUCTION YOUTH LINK 41 NORTH 12TH STREET MINNEAPOLIS MN 55403 411341773 501(C)(3) 150000 N/A N/A HOMELESSNESS - SERVICE FUNDING 34 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 176028 0 0 0 41 0 0 0 40513 0 216582 0 0 0 ELIZABETH RYAN VICE PRESIDENT 124252 0 0 0 138 0 0 0 30720 0 155110 0 0 0 ELLEN HART-SHEGOS FORMER EXEC DIRECTOR OF FSHC 22000 CONSULTING SERVICES 0 DAVID KOSTIK FORMER BOARD MEMBER 15225 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 A, LINE 2 TONI CARTER AND MELVIN CARTER - FAMILY RELATIONSHIP 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 2013 FOR 2013 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 788,883. MANAGEMENT AND GENERAL EXPENSES 56,687. FUNDRAISING EXPENSES 15,225. TOTAL EXPENSES 860,795. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 193,105. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 193,105. OLD HOME SITE LLC 615 FIRST AVENUE NE STE 410 MINNEAPOLIS MN 55413 454540925 TO ACT AS HOLDING COMPANY FOR PURCHASED PROPERTY MN 0 0 FAMILY HOUSING FUND 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 1 1 0 0 0 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 2528614 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK L 136505 FAIR VALUE OF CONSULTING SERVICES TWIN CITIES COMMUNITY LAND BANK A 102184 INEREST RECEIVED ON LOANS TWIN CITIES COMMUNITY LAND BANK B 350000 GRANT AMOUNT