2012-07-16T11:15:46-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 THOMAS P FULTON 6123759644 2012-07-16 1 P00078514 6123764500 2011 2016-02-24 21:20:13Z THOMAS P FULTON MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 6414242 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 24 24 12 24 0 0 16749931 4569434 2145298 1716786 23577 0 1235661 128022 20154467 6414242 1961976 4979997 0 0 2326480 1249018 0 0 167786 6155896 4325571 10444352 10554586 9710115 -4140344 72135291 72156907 29952528 34384044 42182763 37772863 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 9736801 4979997 1716786 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 $220 MILLION FROM PRIVATE FOUNDATIONS AND CORPORATIONS AND NUMEROUS PUBLIC SOURCES AND LEVERAGED AN ADDITIONAL $2.8 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 34,683 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. 9736801 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 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 33 0 12 1 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 X X 0 0 0 CHARLES HANLEY 3.00 X X 0 0 0 KAREN J ANDERSON 3.00 X X 0 0 0 BEVERLY OLIVER HAWKINS 3.00 X X 0 0 0 PAUL WILLIAMS 3.00 X X 0 0 0 ANDRIANA ABARIOTES 2.00 X 0 0 0 CECILE BEDOR 2.00 X 0 0 0 CAROL BERDE 2.00 X 0 0 0 GLORIA BOSTROM 2.00 X 0 0 0 MELVIN CARTER 2.00 X 0 0 0 TONI CARTER 2.00 X 0 0 0 CHRIS COLEMAN 2.00 X 0 0 0 ELIZABETH GLIDDEN 2.00 X 0 0 0 LISA GOODMAN 2.00 X 0 0 0 PAT HARRIS 2.00 X 0 0 0 MARGARET LOVEJOY 2.00 X 0 0 0 NANCY TYRA LUKENS 2.00 X 0 0 0 MARINA MUNOZ LYON 2.00 X 0 0 0 WARREN MCLEAN 2.00 X 0 0 0 CAROLYN E OLSON 2.00 X 0 0 0 R T RYBAK 2.00 X 0 0 0 GEORGE STONE 2.00 X 0 0 0 TOM STREITZ 2.00 X 0 0 0 STELLA WHITNEY-WEST 2.00 X 0 0 0 BILL ZIEGLER 2.00 X 0 0 0 THOMAS P FULTON 40.00 X 173159 0 46554 WILLIAM MASK 40.00 X 78823 0 34279 ELIZABETH RYAN 40.00 X 139495 0 28468 ANITA PIERCE 30.00 X 82899 0 17890 DAVID KOSTIK 1.00 X 13120 0 0 ELLEN HART-SHEGOS 1.00 X 405500 0 0 892996 0 127191 3 1 1 0 HART-SHEGOS & ASSOCIATES 871 JEFFERSON AVENUE ST PAUL MN 55102 CONSULTING SERVICES 405500 1 4569434 4569434 INTEREST-HOUSING LOAN 624200 1671729 1671729 PROGRAM INCOME 624000 45057 45057 1716786 MISCELLANEOUS 624200 128022 128022 128022 6414242 1716786 0 128022 4974997 4974997 5000 5000 583611 363352 180895 39364 460570 321040 70395 69135 21308 7999 4038 9271 139495 78277 44323 16895 44034 22487 17162 4385 134322 103406 29321 1595 69458 69458 881894 854686 15337 11871 96869 10530 86339 82755 27673 46170 8912 23683 5033 18650 685193 685193 576720 553710 18813 4197 23746 7943 13772 2031 PROVISION FOR LOAN LOSS 1337246 1337246 LOAN GUARANTY EXPENSE 350000 350000 MISCELLANEOUS EXPENSE 31573 1537 30036 REPORTS/COMMUNICATIONS 30357 24937 5290 130 1755 1755 10554586 9736801 649999 167786 1697788 794325 10854031 11873250 13884798 9034292 202654 30005 124466 42923 382517 306187 157542 76330 44826553 50046536 387459 259246 72135291 72156907 672678 684534 431250 1503250 28239778 31329771 608822 866489 29952528 34384044 X 10285887 10567885 31896876 27204978 42182763 37772863 72135291 72156907 X -4140344 -269555 X 0 1 1 X 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 0 METROPOLITAN COUNCIL 416008898 6 1 1 1 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 1 1 720278 4 720278 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 167554 55500 223054 10181255 10404309 670215 167554 0 0 835067 578723 657217 670215 2741222 4111833 268767 148431 224304 223054 864556 208767 144681 164304 167554 685306 1027959 208767 88431 164304 167554 629056 220106 188098 32008 100634 62121 38513 61777 55968 5809 76330 NET LOAN RECEIVABLE 50046536 F 50046536 OTHER LIABILTIIES 516489 LOAN GUARANTY 350000 866489 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 FINANCIAL STATEMENTS. 1 AIN DUH YUNG CENTER 1089 PORTLAND AVE S MINNEAPOLIS MN 55104 411697692 501(C)(3) 54000 HOMELESSNESS - SERVICE FUNDING ASCENSION PLACE 1803 BRYANT AVE N MINNEAPOLIS MN 55411 411396238 501(C)(3) 43000 HOMELESSNESS - SERVICE FUNDING AVENUES FOR HOMELESS YOUTH 1708 OAK PARK AVE N MINNEAPOLIS MN 55411 411765140 501(C)(3) 115000 HOMELESSNESS - SERVICE FUNDING COMMUNITY HOUSING DEVELOPMENT CORPORATION 614 N 1ST STREET MINNEAPOLIS MN 55401 411699606 501(C)(3) 300000 BOXLEITNER BUILDING CATHOLIC CHARITIES 1200 2ND AVE S MINNEAPOLIS MN 55403 411302487 501(C)(3) 206750 TORNADO RECOVERY ASSISTANCE CHRISTIAN RESTORATION SERVICES 7964 BROOKLYN BLVD BROOKLYN PARK MN 55445 411911629 501(C)(3) 15000 HOMELESSNESS - CAPACITY BUILDING CORPORATION FOR SUPPORTIVE HOUSING 2801 21ST AVENUE S MINNEAPOLIS MN 55407 133600232 501(C)(3) 30000 HOMELESSNESS - CAPACITY BUILDING EAST METRO WOMEN'S COUNCIL 3521 CENTURY AVE N WHITE BEAR LAKE MN 55110 363578158 501(C)(3) 25000 HOMELESSNESS - CAPACITY BUILDING EMMA NORTON SERVICES 670 NORTH ROBERT STREET SAINT PAUL MN 55101 410859485 501(C)(3) 25000 HOMELESSNESS - CAPACITY BUILDING FACE TO FACE 1165 ARCADE STREET SAINT PAUL MN 55106 410986780 501(C)(3) 120000 HOMELESSNESS - SERVICE FUNDING GREATER METROPOLITAN HOUSING CORPORATION 15 S 5TH STREET SUITE 710 MINNEAPOLIS MN 55402 410968007 501(C)(3) 75000 LOAN LOSS RESERVE GREATER MINNESOTA HOUSING FUND 332 MINNESOTA STREET SAINT PAUL MN 55101 411836919 501(C)(3) 112500 HOMELESSNESS - CAPACITY BUILDING HENNEPIN COUNTY 300 SOUTH SIXTH ST MINNEAPOLIS MN 55487 416005801 501(C)(3) 25000 HOMELESSNESS - CAPACITY BUILDING HOMELINE 3455 BLOOMINGTON AVE MINNEAPOLIS MN 55407 411941115 501(C)(3) 72950 HOMELESSNESS - FORECLOSURE COUNSELING SERVICES HOME OWNERSHIP CENTER 633 S CONCORD ST SAINT PAUL MN 55075 411741817 501(C)(3) 25000 HECAT ADMINISTRATION GRANT HOUSING PRESERVATION PROJECT 570 ASBURY ST SAINT PAUL MN 55104 411930525 501(C)(3) 50000 GENERAL OPERATING SUPPORT HOUSING LINK 600 18TH AVE N MINNEAPOLIS MN 55411 411873314 501(C)(3) 50000 GENERAL OPERATING SUPPORT LEGAL AID SOCIETY OF MINNEAPOLIS 430 1ST AVE N MINNEAPOLIS MN 55401 410797355 501(C)(3) 102500 HOMELESSNESS - FORECLOSURE COUNSELING SERVICES LOCAL INITIATIVES SUPPORT CORPORATION 507 ASBURY ST SAINT PAUL MN 55104 133030229 501(C)(3) 126500 SUPPORT OF REGIONAL AND DIVERSITY PROGRAMS LUTHERAN SOCIAL SERVICES 2414 PARK AVE S MINNEAPOLIS MN 55404 410872993 501(C)(3) 108333 HOMELESSNESS - SERVICE FUNDING METRO-WIDE ENGAGEMENT ON SHELTER AND HOUSING 740 EAST 17TH STREET MINNEAPOLIS MN 55404 412006561 501(C)(3) 26000 HOMELESSNESS - CAPACITY BUILDING MINNESOTA HOUSING FINANCE AGENCY 400 SIBLEY ST SAINT PAUL MN 55101 411599130 501(C)(3) 150000 HECAT NORTHCOUNTRY COOPERATIVE FOUNDATION 219 MAIN ST SE SUITE 500 MINNEAPOLIS MN 55414 411953515 501(C)(3) 20000 SUPPORT OF REGIONAL HOUSING PROGRAMS OPEN ACCESS CONNECTIONS 1821 UNIVERSITY AVE SUITE N -184 SAINT PAUL MN 55104 411821890 501(C)(3) 10000 HOMELESSNESS - CAPACITY BUILDING PILLSBURY UNITED COMMUNITIES 3501 CHICAGO AVE S MINNEAPOLIS MN 55407 410916478 501(C)(3) 80000 HOMELESSNESS - SERVICE FUNDING PLYMOUTH CHURCH NEIGHBORHOOD FOUNDATION 2610 UNIVERSITY AVE W SUITE 100 SAINT PAUL MN 55114 411953599 501(C)(3) 101250 HOMELESSNESS - SERVICE FUNDING PROJECT FOR PRIDE IN LIVING 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 167500 HAWTHORNE ECO VILLAGE GRANT RAMSEY COUNTY REDEVELOPMENT AUTHORITY 15 W KELLOGG BLVD SAINT PAUL MN 55102 416005875 501(C)(3) 25000 HOMELESSNESS - CAPACITY BUILDING SIMPSON HOUSING SERVICES 2100 PILLSBURY AVE S MINNEAPOLIS MN 55404 411759477 501(C)(3) 18000 HOMELESSNESS - SERVICE FUNDING SOUTHERN MINNESOTA REGIONAL LEGAL SERVICES 166 EAST 4TH ST SAINT PAUL MN 55101 411316151 501(C)(3) 32500 HOMELESSNESS - FORECLOSURE COUNSELING SERVICES ST STEPHENS HUMAN SERVICES 2211 CLINTON AVE S MINNEAPOLIS MN 55404 010639118 501(C)(3) 212500 HOMELESSNESS - SERVICE FUNDING TEENS ALONE INC 915 MAIN STREET HOPKINS MN 55343 411689632 501(C)(3) 81250 HOMELESSNESS - SERVICE FUNDING THE BRIDGE FOR YOUTH 1111 WEST 22ND STREET MINNEAPOLIS MN 55405 410983062 501(C)(3) 93500 HOMELESSNESS - SERVICE FUNDING THE LINK 1210 GLENWOOD AVE MINNEAPOLIS MN 55405 411920649 501(C)(3) 91000 HOMELESSNESS - SERVICE FUNDING THE MINNEAPOLIS FOUNDATION 80 SOUTH EIGHTH STREET MINNEAPOLIS MN 55402 416029402 501(C)(3) 11000 TORNADO ASSISTANCE FUND THE SALVATION ARMY 2445 PRIOR AVE ROSEVILLE MN 55113 410698597 501(C)(3) 50000 HOMELESSNESS - SERVICE FUNDING URBAN LAND INSTITUTE 81 SOUTH 9TH ST MINNEAPOLIS MN 55402 530159845 501(C)(3) 200000 REGIONAL HOUSING PRESERVATION & PRODUCTION YMCA OF METROPOLITAN MINNEAPOLIS 8950 SPRINGBROOK DRIVE NW COON RAPIDS MN 55433 410695629 501(C)(3) 153000 HOMELESSNESS - SERVICE FUNDING YOUTHLINK 41 N 12TH ST MINNEAPOLIS MN 55403 411341773 501(C)(3) 200000 HOMELESSNESS - SERVICE FUNDING 39 DOWN PAYMENT GRANTS 2 5000 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 173159 0 0 0 0 0 17304 0 29250 0 219713 0 0 0 ELIZABETH RYAN 139495 0 0 0 0 0 14062 0 14406 0 167963 0 0 0 DAVID KOSTIK 13120 0 0 0 0 0 0 0 0 0 13120 0 0 0 ELLEN HART-SHEGOS 405500 0 0 0 0 0 0 0 0 0 405500 0 0 0 DAVID KOSTIK FORMER BOARD MEMBER 13120 INDEPENDENT CONTRACTOR WORKING AS FUNDRAISING CONSULTANT 0 ELLEN HART-SHEGOS FORMER EXECUTIVE DIRECTOR OF FAMILY SUPPORTIVE HOUSING CENTER 405500 FORMER EXECUTIVE DIRECTOR OF THE FAMILY SUPPORTIVE HOUSING CENTER AND OWNER OF HART-SHEGOS & ASSOC., INC. WHICH PROVIDED CONSULTING SERVICES TO THE ORGANIZATION. COMPENSATION PROVIDED TO THE INDIVIDUAL'S COMPANY WAS $405,500. 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 SHALL HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THIS CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE 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 (MOTHER AND SON) 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 2008 FOR 2009 COMPENSATION. WAGE LEVELS WERE FROZEN FOR 2010 AND 2011. 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). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: TCCLB BEGINNING NET ASSETS -269,555. TOTAL TO FORM 990, PART XI, LINE 5: -269,555. FAMILY SUPPORTIVE HOUSING CENTER LLC 801 NICOLLET MALL STE 1650 MINNEAPOLIS MN 55402 411380923 SUPPORTING THE NEEDS OF HOMELESS FAMILIES AND CHILDREN CO 326181 4535 N/A TCC PROPERTY SERVICES LLC 615 FIRST AVE NE STE 410 MINNEAPOLIS MN 55413 273326192 TO ACT AS THE REAL ESTATE AGENT FOR THE LAND BANK MN 49590 51926 N/A TWIN CITIES COMMUNITY LAND BANK 615 FIRST AVE NE STE 410 MINNEAPOLIS MN 55413 270260037 CREATING SUSTAINABLE HOMEOWNERSHIP OR RENTAL OPPORTUNITIES FOR PEOPLE MN 501(C)(3) N/A 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 5546616 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK K 43591 FAIR VALUE OF CONSULTING SERVICES TWIN CITIES COMMUNITY LAND BANK A 262029 INEREST RECEIVED ON LOANS TWIN CITIES COMMUNITY LAND BANK B 800700 GRANT AMOUNT FAMILY SUPPORTIVE HOUSING CENTER LLC B 322500 GRANT AMOUNT TWIN CITIES COMMUNITY LAND BANK O 6025 REIMBURSEMENT FOR LEGAL FEES TC PROPERTY SERVICES Q 500 DONATED PROPERTY