2013-05-14T10:53:13-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 THOMAS P FULTON 6123759644 2013-05-10 1 XIAOYAN LUO P01305207 6123764500 2012 2016-02-24 21:20:13Z THOMAS P FULTON MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 5160980 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 24 24 9 400 0 0 4569434 3559899 1716786 1553995 0 0 128022 47086 6414242 5160980 4979997 2991447 0 0 1249018 1294394 0 13055 99646 4325571 5374766 10554586 9673662 -4140344 -4512682 72156907 65492140 34384044 32231960 37772863 33260180 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. 1 0 8942518 2991447 1553995 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 35,000 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. 8942518 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 1 1 1 1 0 0 1 33 0 9 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 X MAUREEN WARREN 4.00 0.00 X X 0 0 0 CHARLES HANLEY 3.00 0.00 X X 0 0 0 KAREN J ANDERSON 3.00 0.00 X X 0 0 0 BEVERLEY OLIVER HAWKINS 3.00 1.00 X X 0 0 0 PAUL WILLIAMS 3.00 0.00 X X 0 0 0 ANDRIANA ABARIOTES 2.00 1.00 X 0 0 0 JILL ALSHIRE 2.00 0.00 X 0 0 0 CECILE BEDOR 2.00 1.00 X 0 0 0 CAROL BERDE 2.00 0.00 X 0 0 0 GLORIA BOSTROM 2.00 0.00 X 0 0 0 MELVIN CARTER 2.00 1.00 X 0 0 0 TONI CARTER 2.00 1.00 X 0 0 0 CHRIS COLEMAN 2.00 0.00 X 0 0 0 ELIZABETH GLIDDEN 2.00 0.00 X 0 0 0 LISA GOODMAN 2.00 0.00 X 0 0 0 PAT HARRIS 2.00 0.00 X 0 0 0 JENNIFER KARPINKO 2.00 0.00 X 0 0 0 MARGARET LOVEJOY 2.00 0.00 X 0 0 0 NANCY TYRA LUKENS 2.00 0.00 X 0 0 0 MARINA MUNOZ LYON 2.00 0.00 X 0 0 0 WARREN MCLEAN 2.00 0.00 X 0 0 0 CAROLYN E OLSON 2.00 0.00 X 0 0 0 JIM ROTH 2.00 1.00 X 0 0 0 R T RYBAK 2.00 0.00 X 0 0 0 RUSS STARK 2.00 1.00 X 0 0 0 GEORGE STONE 2.00 0.00 X 0 0 0 THOMAS STREITZ 2.00 1.00 X 0 0 0 JOANNE WHITERABBIT 2.00 1.00 X 0 0 0 STELLA WHITNEY-WEST 2.00 0.00 X 0 0 0 BILL ZIEGLER 2.00 0.00 X 0 0 0 THOMAS P FULTON 40.00 1.00 X 173271 0 40028 WILLIAM MASK 40.00 0.00 X 87840 0 34345 ELIZABETH RYAN 40.00 0.00 X 121826 0 27803 ANITA PIERCE 40.00 0.00 X 83959 0 17373 466896 0 119549 2 0 1 0 HART-SHEGOS & ASSOCIATES 871 JEFFERSON AVENUE ST PAUL MN 55102 CONSULTING SERVICES 429996 ONE ROOF GLOBAL CONSULTING 528 HENNEPIN AVE MINNEAPOLIS MN 55403 CONSULTING SERVICES 147150 CGO CONSULTING LLC 7368 NIAGARA LANE MAPLE GROVE MN 55311 CONSULTING SERVICES 117820 3 3559899 3559899 INTEREST-HOUSING LOAN 624200 1505912 1505912 PROGRAM INCOME 624000 48083 48083 1553995 MISCELLANEOUS 624200 47086 47086 47086 5160980 1553995 0 47086 2991447 2991447 586445 287158 264444 34843 534350 358120 145929 30301 44775 34524 7302 2949 66510 60065 920 5525 62314 40018 18314 3982 82832 72389 10443 59782 59782 13055 13055 1216435 1215660 775 64967 64967 74558 47881 21913 4764 46069 30811 15258 1008229 1008229 682994 670223 10490 2281 18332 11773 5388 1171 PROVISION FOR LOAN LOSS 1336150 1336150 SUBJECT RELATED EXPENSE 759234 759234 REPORTS/COMMUNICATIONS 14276 14276 MISCELLANEOUS EXPENSE 10908 4560 6348 9673662 8942518 631498 99646 794325 535424 11873250 11448523 9034292 2542000 30005 104687 42923 59043 328164 267700 76330 60464 50046536 50539351 259246 202648 72156907 65492140 684534 1349567 1503250 1106000 31329771 28891150 866489 885243 34384044 32231960 X 10567885 10395669 27204978 22864511 37772863 33260180 72156907 65492140 -4512682 -1 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 200000 METROPOLITAN COUNCIL 416008898 6 1 1 1 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 1 1 150000 4 350000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 168476 60500 228976 10249072 10478048 673902 168476 0 0 578723 657217 670215 673902 2580057 3870086 148431 224304 223054 228976 824765 144681 164304 167554 168476 645015 967523 88431 164304 167554 168476 588765 181314 147907 33407 146850 119793 27057 60464 NET LOAN RECEIVABLE 49524379 F PROPERTIES HELD FOR SALE 1014972 C 50539351 OTHER LIABILTIIES 535243 LOAN GUARANTY 350000 885243 X 6814454 226169 1427305 1653474 5160980 0 5160980 10622647 226169 722816 948985 9673662 0 9673662 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FUND IS A TAX EXEMPT AS 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 2009, 2010, AND 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 2,641,035. INTERCOMPANY ELIMINATIONS -1,213,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 1,936,546. INTERCOMPANY ELIMINATIONS -1,213,730. 1 AVENUES FOR HOMELESS YOUTH 1708 OAK PARK AVENUE NORTH MINNEAPOLIS MN 55411 411765140 501(C)(3) 95000 N/A N/A HOMELESSNESS - SERVICE FUNDING CANVAS HEALTH 7066 STILLWATER BOULEVARD OAKDALE MN 55128 410955577 501(C)(3) 8000 N/A N/A HOMELESSNESS - SERVICE FUNDING CATHOLIC CHARITIES 1200 SECOND AVENUE SOUTH MINNEAPOLIS MN 55403 411302487 501(C)(3) 46000 N/A N/A TORNADO RECOVERY ASSISTANCE CHILDREN'S DEFENSE FUND 555 PARK STREET STE 410 SAINT PAUL MN 55103 520895622 501(C)(3) 40000 N/A N/A HOMELESSNESS - SERVICE FUNDING CORPORATION FOR SUPPORTIVE HOUSING 2801 21ST AVENUE SOUTH MINNEAPOLIS MN 55407 133600232 501(C)(3) 61000 N/A N/A HOMELESSNESS - CAPACITY BUILDING FACE TO FACE 1165 ARCADE STREET SAINT PAUL MN 55106 410986780 501(C)(3) 148000 N/A N/A HOMELESSNESS - SERVICE FUNDING GREATER MINNESOTA HOUSING FUND 332 MINNESOTA STREET SAINT PAUL MN 55101 411836919 501(C)(3) 112500 N/A N/A HOMELESSNESS - CAPACITY BUILDING HENNEPIN COUNTY 300 SOUTH SIXTH STREET MINNEAPOLIS MN 55487 416005801 501(C)(3) 25000 N/A N/A HOMELESSNESS - CAPACITY BUILDING HOME OWNERSHIP CENTER 633 SOUTH CONCORD STREET SAINT PAUL MN 55075 411741817 501(C)(3) 26000 N/A N/A HECAT - ADMINISTRATION GRANT HOME LINE 3455 BLOOMINGTON AVENUE MINNEAPOLIS MN 55407 411941115 501(C)(3) 31000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES HOUSING PRESERVATION PROJECT 570 ASBURY STREET SAINT PAUL MN 55104 411930525 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT HOUSING LINK 600 18TH AVENUE NORTH MINNEAPOLIS MN 55411 411873314 501(C)(3) 56750 N/A N/A GENERAL OPERATING SUPPORT LITTLE EARTH UNITED TRIBES HOUSING 2501 CEDAR AVENUE SOUTH MINNEAPOLIS MN 55404 411790000 501(C)(3) 50000 N/A N/A HOME OWNERSHIP DEVELOPMENT - MATCHING GRANT LOCAL INITIATIVES SUPPORT CORPORATION 507 ASBURY STREET SAINT PAUL MN 55104 133030229 501(C)(3) 75000 N/A N/A SUPPORT OF REGIONAL AND DIVERSITY PROGRAMS LUTHERAN SOCIAL SERVICES OF MINNESOTA 2414 PARK AVENUE SOUTH MINNEAPOLIS MN 55404 410872993 501(C)(3) 240000 N/A N/A HOMELESSNESS - SERVICE FUNDING METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS 3137 CHICAGO AVENUE MINNEAPOLIS MN 55407 411658654 501(C)(3) 5515 N/A N/A HOME OWNERSHIP - PUBLIC EDUCATION MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVENUE WEST STE 434 434 SAINT PAUL MN 55114 411601248 501(C)(3) 11000 N/A N/A PUBLIC EDUCATION GRANT MINNESOTA HOUSING FINANCE AGENCY 400 SIBLEY STREET SAINT PAUL MN 55101 411599130 501(C)(3) 150000 N/A N/A HECAT PILLSBURY UNITED COMMUNITIES 3501 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55407 410916478 501(C)(3) 30000 N/A N/A HOMELESSNESS - SERVICE FUNDING PLYMOUTH CHURCH NEIGHBORHOOD FOUNDATION 2610 UNIVERSITY AVENUE WEST STE 100 100 SAINT PAUL MN 55114 411953599 501(C)(3) 38000 N/A N/A HOMELESSNESS - SERVICE FUNDING PORTICO INTERFAITH HOUSING COLLABORATIVE 2610 UNIVERSITY AVE WEST STE 100 SAINT PAUL MN 55114 411953599 501(C)(3) 75000 N/A N/A HOMELESSNESS - SERVICE FUNDING RAMSEY COUNTY REDEVELOPMENT AUTHORITY 15 WEST KELLOGG BLVD SAINT PAUL MN 55102 416005875 501(C)(3) 25000 N/A N/A HOMELESSNESS - CAPACITY BUILDING SPECTRUM COMMUNITY MENTAL HEALTH 1825 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 410828779 501(C)(3) 55000 N/A N/A HOMELESSNESS - SERVICE FUNDING ST STEPHAN'S HUMAN SERVICES 2211 CLINTON AVENUE SOUTH MINNEAPOLIS MN 55404 010639118 501(C)(3) 263930 N/A N/A HOMELESSNESS - SERVICE FUNDING TEENS ALONE INC 915 MAIN STREET HOPKINS MN 55343 411689632 501(C)(3) 38000 N/A N/A HOMELESSNESS - SERVICE FUNDING THE BRIDGE FOR YOUTH 1111 WEST 22ND STREET MINNEAPOLIS MN 55405 410983062 501(C)(3) 140000 N/A N/A HOMELESSNESS - SERVICE FUNDING THE LINK 1210 GLENWOOD AVENUE MINNEAPOLIS MN 55405 411920649 501(C)(3) 214000 N/A N/A HOMELESSNESS - SERVICE FUNDING THE SALVATION ARMY 2445 PRIOR AVENUE ROSEVILLE MN 55113 410698597 501(C)(3) 100000 N/A N/A HOMELESSNESS - SERVICE FUNDING URBAN LAND INSTITUTE 81 SOUTH NINTH STREET MINNEAPOLIS MN 55402 530159845 501(C)(3) 200000 N/A N/A REGIONAL HOUSING PRESERVATION AND PRODUCTION WILDER FOUNDATION 451 LEXINGTON PARKWAY SAINT PAUL MN 55104 410693889 501(C)(3) 50000 N/A N/A HOMELESSNESS - RESEARCH GRANT YMCA OF METROPOLITAN MINNEAPOLIS 8950 SPRINGBROOK DRIVE NW COON RAPIDS MN 55433 410695629 501(C)(3) 115000 N/A N/A HOMELESSNESS - SERVICE FUNDING YOUTHLINK 41 NORTH 12TH STREET MINNEAPOLIS MN 55403 411341773 501(C)(3) 75000 N/A N/A HOMELESSNESS - SERVICE FUNDING 32 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 173233 0 0 0 38 0 17823 0 22205 0 213299 0 0 0 KOSTICK ASSOCIATES D. KOSTICK, FORMER BOARD MEMBER, CONSULTANT 13055 FORMER BOARD MEMBER AND OWNER OF KOSTICK & ASSOCIATES WHICH PROVIDED FUNDRAISING CONSULTING SERVICES TO THE ORGANIZATION. COMPENSATION PROVIDED TO THE INDIVIDUAL'S COMPANY WAS $13,055. 0 HART-SHEGOS AND ASSOCIATES INC E. HART-SHEGOS, FRMR EXECUTIVE DIRECTOR OF FAMILY SUPPORTIVE HOUSING CENTER 429996 FORMER EXECUTIVE DIRECTOR OF THE FAMILY SUPPORTIVE HOUSING CENTER AND OWNER OF HART-SHEGOS & ASSOCIATES, INC. WHICH PROVIDED CONSULTING SERVICES TO THE ORGANIZATION. COMPENSATION PROVIDED TO THE INDIVIDUAL'S COMPANY WAS $429,996. 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2012, FAMILY HOUSING FUND ESTABLISHED A SUBSIDIARY, LIMITED LIABILITY COMPANY, OLD HOME SITE, LLC, TO ACT AS A HOLDING COMPANY TO OWN THE OLD HOME SITE IN ORDER TO CONTROL THIS SITE ON THE CENTRAL CORRIDOR FOR DEVELOPMENT AS A QUALITY TRANSIT ORIENTED DEVELOPMENT PROJECT. 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 2012 FOR 2012 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. EXPLANATION FOR COMPENSATION TO ELLEN HART-SHEGOS FORM 990, PART VII, SECTIONS A AND B ELLEN HART-SHEGOS FOUNDED HART-SHEGOS AND ASSOCIATES, INC. TO PROVIDE ORGANIZATIONAL DEVELOPMENT CONSULTING, RESEARCH, AND TRAINING TO NONPROFIT ORGANIZATIONS. SINCE 1998, ELLEN HART-SHEGOS AND THE FIRM HAS SERVED AS THE MAIN CONSULTANT TO THE SUPPORTIVE HOUSING STABILIZATION INITIATIVE OF THE FAMILY HOUSING FUND THAT ASSISTS FAMILY SUPPORTIVE HOUSING PROVIDERS IN ADDRESSING THEIR PROPERTIES' CAPITAL NEEDS, DEVELOPING OPERATING AND SERVICE FUNDING, AND IMPROVING ORGANIZATIONAL AND MANAGEMENT CAPACITY. MOST RECENTLY, IN 2010, HART-SHEGOS & ASSOCIATES HAS BEEN CONTRACTED BY THE FUND TO PROVIDE ASSET MANAGEMENT AND TECHNICAL ASSISTANCE SERVICES ON TWO KEY PROJECTS, INCLUDING: THE MINNESOTA PRESERVATION PLUS INITIATIVE (FUNDED LARGELY BY A NATIONAL COMPETITIVE GRANT FROM THE MACARTHUR FOUNDATION) AND THE METRO STEWARDSHIP COUNCIL-SUPPORTIVE HOUSING PRESERVATION PROJECT (FUNDED BY A SPECIAL GRANT FROM THE BUTLER FAMILY FOUNDATION). OTHER FEES FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,168,006. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 775. TOTAL EXPENSES 1,168,781. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 47,654. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,654. TCC PROPERTY SERVICES LLC 615 FIRST AVENUE NE STE 410 MINNEAPOLIS MN 55413 273326192 TO ACT AS THE REAL ESTATE AGENT FOR THE LAND BANK MN 60545 27065 FAMILY HOUSING FUND OLD HOME SITE LLC 615 FIRST AVENUE NE STE 410 MINNEAPOLIS MN 55413 454540925 TO ACT AS HOLDING COMPANY FOR PURCHASED PROPERTY MN 0 1014972 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 1 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 2464822 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK L 134234 FAIR VALUE OF CONSULTING SERVICES TWIN CITIES COMMUNITY LAND BANK A 288496 INEREST RECEIVED ON LOANS TWIN CITIES COMMUNITY LAND BANK B 625000 GRANT AMOUNT TWIN CITIES COMMUNITY LAND BANK E 1014972 OUTSTANDING LOANS