2012-11-13T11:45:06-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 818 SECOND ST SO SUITE 320 WAITE PARK MN 56387 990 2011-01-01 411721815 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP SOUT 5078368673 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 JAY TRUSTY 5078368673 2012-11-12 1 CHRISTINE M STANZ P01319765 3202035500 2012-11-12 2011 2016-02-24 21:20:13Z RICK GOODEMANN 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 9549780 0 X WWW.SWMHP.ORG X 1992 MN TO PROVIDE ADEQUATE AND AFFORDABLE DWELLINGS FOR THE PEOPLE OF SOUTHWESTERN MINNESOTA. 15 15 29 11 0 0 1810036 3458165 2948153 5698696 72811 115909 26665 277010 4857665 9549780 1525485 2379767 0 0 541488 1104035 0 0 63367 2387655 4346227 4454628 7830029 403037 1719751 26997472 31496344 18626570 20584105 8370902 10912239 CREATE THRIVING PLACES TO LIVE, GROW, AND WORK THROUGH PARTNERSHIPS WITH COMMUNITIES. 0 0 5913134 4769451 MULTI-FAMILY DEVELOPMENT AND ASSET MANAGEMENT - DEVELOPMENT AND MANAGEMENT OF MULTI-FAMILY RENTAL PROPERTY. 1093 UNITS SERVED. 1057743 2379767 606880 HOUSING AND COMMERCIAL REHAB - ASSISTED GOVERNMENT ENTITIES TO ADMINISTER HOUSING AND COMMERCIAL REHAB GRANTS RECEIVED FROM THE MINNESOTA HOUSING FINANCE AGENCY AND THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT. SERVED 300 UNITS AND 768 INDIVIDUALS. 478858 599375 DEVELOPMENT - ASSISTED LOCAL UNITS OF GOVERNMENT AND NON-PROFIT DEVELOPERS TO IDENTIFY AND IMPACT HOUSING NEEDS. FUNDED FROM DEVELOPER FEES, FOUNDATION GRANTS AND THE MINNESOTA HOUSING FINANCE AGENCY. SERVED 140 UNITS AND 336 INDIVIDUALS. 7449735 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 118 0 29 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN X THE ORGANIZATION 5078368673 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 JULIE RATH 1.00 X X 2284 0 0 SHIRLEY ANDERSON-PORISCH 1.00 X X 720 0 0 JAY TRUSTY 1.00 X X 0 0 0 DEB LARSON 1.00 X 0 0 0 JANE WILDUNG-LANPHERE 1.00 X 640 0 0 JOHN FITZGERALD 1.00 X 0 0 0 NEIL STEFFL 1.00 X 0 0 0 MARY MULDER 1.00 X 0 0 0 GARY SORENSON 1.00 X 0 0 0 JERRY MCGUIRE 1.00 X 0 0 0 SCOTT JOHNSON 1.00 X 0 0 0 JERRY BOTTLEBERGHE 1.00 X 0 0 0 RICHARD HOLMBERG 1.00 X 0 0 0 NICK HAGGENMILLER 1.00 X 0 0 0 DALE ROEMICH 1.00 X 760 0 0 RICK GOODEMANN 40.00 X 90869 0 16383 ROBYN VANHEUVELEN 40.00 X 45703 0 6543 BRADLEY SHAFFER 40.00 X 28689 0 10356 169665 0 33282 0 0 0 0 NICK SPOELSTRA CONSTRUCTION 1953 221ST STREET RUTHTON MN 56170 CARPENTRY 153690 DEAN'S CONSTRUCTION 423 9TH AVENUE PIPESTONE MN 56164 CARPENTRY 107390 2 3246966 211199 3458165 FEES FOR SERVICES 531390 2656807 2656807 RENTAL INCOME 531110 2353316 2353316 ASSETS HELD FOR SALE 531390 688573 688573 5698696 115909 115909 MISCELLANEOUS 900099 277010 277010 277010 9549780 5975706 0 115909 2379767 2379767 202947 67569 135378 748128 707502 3949 36677 24436 23308 1128 66925 62467 4458 61599 52854 6355 2390 7825 3031 4794 52750 52750 522112 472130 32840 17142 7564 5678 1634 252 86108 71332 14314 462 12557 12557 29697 29697 60886 25233 34795 858 44645 40784 3861 33736 13719 20017 56451 50311 6140 19049 19049 HOUSING PROGRAM EXPENSE 2628974 2628974 HOME BUILDING EXPENSES 782524 782524 MISCELLANEOUS 1349 1249 100 7830029 7449735 316927 63367 221151 342883 4100504 4134975 124715 50619 647255 817979 2585744 3392548 17012 23126 21388434 3654821 16203700 17733613 2903883 4805540 193508 195061 26997472 31496344 1288027 963835 752521 673004 9931014 9834236 247293 568590 5935753 8377542 373540 64000 98422 102898 18626570 20584105 X 5315253 6890713 388557 374077 2667092 3647449 8370902 10912239 26997472 31496344 X 1719751 821586 X 0 1 1 X 1 1 X 6826436 5371443 6850469 1810036 3458165 24316549 6826436 5371443 6850469 1810036 3458165 24316549 4640700 19675849 163530 133056 133694 72811 115909 619000 40503 27581 31354 26665 277010 403113 25338662 19266616 0.77650 0.75580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2673530 2673530 17464081 3438442 14025639 1040125 216379 823746 210698 210698 17733613 ASSETS HELD FOR RESALE 826790 C DUE FROM AFFILIATES 2027068 C INVESTMENTS IN LPS AND OTHER 1951682 C 4805540 SECURITY DEPOSITS 102898 102898 PART IV, LINE 2B: SOUTHWEST MINNESOTA HOUSING PARTNERSHIP IS A FISCAL AGENT FOR THE ROCK COUNTY HERITAGE CENTER AND THE SMALL CITIES DEVELOPMENT FUND PROGRAM THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3) AND CORRESPONDING STATE TAX CODES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION, AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION'S 2008 - 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 SMALL CITIES BLOCK GRANT - OWNER OCCUPIED HOUSING REHAB 125 1965896 SMALL CITIES BLOCK GRANT - RENTAL REHAB 17 146955 SMALL CITIES BLOCK GRANT - DUPLEX RENTAL REHAB 3 6613 HOME REHAB, GAP FINANCING & HELP LOAN DISBURSEMENTS 32 167740 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S. INCLUDE HAVING THE PROGRAM AND FINANCE STAFF REVIEW THE GRANT AGREEMENTS FOR REQUIREMENTS OF THE GRANT FUNDS. GRANT APPLICATIONS ARE ALSO REVIEWED BECAUSE MOST OF THE APPLICATIONS ARE INCORPORATED INTO THE AGREEMENTS. FOR THE GRANT FUNDS WITH ESTABLISHED POLICIES, THE APPLICATIONS AND THE FUNDERS POLICIES ARE REVIEWED FOR ANY PROVISIONS THAT DICTATE HOW THE FUNDS ARE TO BE DISBURSED AND REPORTED. INTERIM AND FINAL NARRATIVE AND FINANCIAL REPORTS ON USAGE OF FUNDS ARE PROVIDED TO FUNDERS. THE FUNDS ARE TRACKED BY PROGRAM AND FINANCE STAFF, ALONG WITH THE FUNDER, THROUGH DRAW REQUESTS AND REPORTS. CITY OF JACKSON MN 416005262 468410AD7 2004-09-29 4990000 MULTIFAMILY HOUSING ACQUISITION 0 0 0 CITY OF LUVERNE MINNESOTA 416005329 NONEAVAIL 2009-11-06 5196000 MULTIFAMILY HOUSING ACQUISITION 0 0 0 125000 4750200 140000 99800 4750200 2004 0 0 1 1 95080 5164000 32000 5164000 2009 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 FORM IS PRESENTED TO THE BOARD OF DIRECTORS AT THE BOARD MEETING AND REVIEWED PRECEDING ITS SUBMISSION FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A POLICY IN PLACE SINCE 1997 THAT ADDRESSES THE FOLLOWING ELEMENTS: GIFTS OR FAVORS;USE OF CONFIDENTIAL INFORMATION; USE OF PROPERTY; USE OF POSITION TO SECURE BENEFITS. THE POLICY COVERS THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND OFFICERS OF THE CORPORATION. PERSONS WITH A CONFLICT ARE EXPECTED TO DECLARE THEIR CONFLICT. ALL DIRECTORS AND OFFICERS OF THE CORPORATION RENEW AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPLETES AN EVALUATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. AS PART OF THE EVALUATION, AN INFORMAL SURVEY IS CONDUCTED OF THE WAGE RATES OF EXECUTIVE DIRECTORS OF SIMILAR ORGANIZATIONS WITHIN SOUTHERN MINNESOTA. THE ORGANIZATION UTILIZED A SURVEY INSTRUMENT IN 2005 TO ESTABLISH WAGE RANGES FOR ALL POSITIONS. THE EXECUTIVE DIRECTOR EVALUATES THE FINANCE DIRECTOR ON A SEMI-ANNUAL BASIS AND DETERMINES THE WAGE ADJUSTMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: INVESTMENT IN SPRINGSTONE LLC 1,133,435. OPENING EQUITY OF ACQUIRED ENTITY ST. PETER NICOLLET MEADOWS LLC -311,849. TOTAL TO FORM 990, PART XI, LINE 5: 821,586. NEW PRAGUE WESTGATE TOWNHOMES LLC 600 FIRST STREET NEW PRAGUE MN 56071 261540097 RESIDENTIAL RENTAL CO 355397 3914651 N/A BUFFWOOD LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 270175280 RESIDENTIAL RENTAL MN 1142983 7139971 N/A PARTNERSHIP COMMUNITY LAND TRUST LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 263077766 LAND TRUST CO 0 847745 N/A ST PETER NICOLLET MEADOWS LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 273495194 RESIDENTIAL RENTAL MN 113819 1862111 N/A SWMHP SIBLEY PARKWAY 2401 BROADWAY AVENUE SLAYTON MN 56172 274542454 RESIDENTIAL RENTAL MN 0 510000 N/A NICOLLET MEADOWS HOUSING GROUP WEST MENK DRIVE ST PETER MN 56082 412019031 RESIDENTIAL RENTAL MN 501(C)3 9 N/A 0 CENTRAL SQUARE APARTMENTS LIMITED PARTNERSHIP 301 WASHINGTON AVENUE ST PETER MN 55082 201004066 RENTAL MN N/A RELATED -15 475 0 1 0.00010 MANKATO CHERRY RIDGE APARTMENTS LIMITED PARTNERSHIP 101 GLENWOOD MANKATO MN 56001 320186953 RENTAL MN N/A RELATED -13 618 0 1 0.00010 SOUTH PARK MANOR LIMITED PARTNERSHIP (CROSSROADS TOWNHOMES) 106 5TH STREET SW DODGE CTR MN 55927 411395722 RENTAL MN N/A RELATED -16237 573328 0 1 0.30000 GRANDE APARTMENTS LIMITED PARTNERSHIP (GRANDE APARTMENTS) 104 N 9TH STREET OLIVIA MN 56277 411989163 RENTAL MN N/A RELATED -6 151 0 1 0.00010 PARIS PARK LIMITED PARTNERSHIP (PARIS PARK TOWNHOMES) 1100-1100 PARIS ROAD MARSHALL MN 56258 753024145 RENTAL MN N/A RELATED -15 233 0 1 0.00010 JACKSON FAMILY HOUSING LIMITED P'SHIP (RIVER BLUFF TOWNHOMES) 300-302 HWY 71 S JACKSON MN 56143 411855345 RENTAL MN N/A RELATED -4 77 0 1 0.00010 LUVERNE FAMILY HOUSING LIMITED P'SHIP (ROCK CREEK TOWNHOMES) 300-323 OAK DRIVE LUVERNE MN 56156 411855330 RENTAL MN N/A RELATED -9 132 0 1 0.00010 ROCK MANOR LIMITED PARTNERSHIP (STONE CREEK TOWNHOMES) 500 W HATTIG STREET LUVERNE MN 56156 411443134 RENTAL MN N/A RELATED -1240 68194 0 1 0.05000 TANGLEWOOD ESTATE LIMITED PARTNERSHIP (TANGLEWOOD ESTATES) 901-924 TANGLEWOOD DR MONTEVIDEO MN 56265 411823082 RENTAL MN N/A RELATED -5 147 0 1 0.00010 VIKING TERRACE APARTMENTS LIMITED PARTNERSHIP 1440-1460 N BURLINGTON WORTHINGTON MN 56187 202772402 RENTAL MN N/A RELATED -16 377 0 1 0.00010 PIPESTONE FAMILY HOUSING LTD P'SHIP (WHISPERING WINDS TOWNHOMES) 402-416 6TH AVE/724 5TH PIPESTONE MN 56165 411980471 RENTAL MN N/A RELATED -11 144 0 1 0.00010 PRAIRIE VIEW LIMITED PARTNERSHIP (WILLOW COURT TOWNHOMES) 1545-1627 DARLING DRIVE WORTHINGTON MN 56187 411823081 RENTAL MN N/A RELATED -23079 11401 0 1 0.30000 RIVER RIDGE WINDOM LIMITED PARTNERSHIP (WINDOM APARTMENTS) 135 145 6TH AVE S WINDOM MN 56101 411924492 RENTAL MN N/A RELATED -28 487 0 1 0.00040 WESTWIND ESTATES TOWNHOMES LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 263077684 RENTAL MN N/A RELATED -13 491 0 1 0.00010 SPRINGSTONE LIMITED LIABILITY COMPANY 2401 BROADWAY AVE SLAYTON MN 56172 270310144 RENTAL MN N/A RELATED 134102 4067614 0 1 0.80000 NEW CASTLE TOWNHOMES LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 271227549 RENTAL MN N/A RELATED -13 292 0 1 0.00010 SIBLEY PARKWAY APARTMENTS LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 274542357 RENTAL MN N/A RELATED 193 0 1 0.00010 SOUTHWEST BUILDING SPECIALISTS INC 2401 BROADWAY AVENUE SLAYTON MN 56172 203280023 GENERAL CONTRACTOR MN N/A C 214039 64505 1.00000 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 SIBLEY PARKWAY APARTMENTS LIMITED PARTNERSHIP D 568930 FROM AUDIT WESTWIND ESTATES TOWNHOMES LIMITED PARTNERSHIP D 58406 FROM AUDIT NEW CASTLE TOWNHOMES LIMITED PARTNERSHIP K 373000 FROM AUDIT PARTNERSHIP COMMUNITY LAND TRUST D 295070 FROM AUDIT NICOLLET MEADOWS HOUSING GROUP D 158949 FROM AUDIT NEW CASTLE TOWNHOMES LIMITED PARTNERSHIP D 89517 FROM AUDIT NEW CASTLE TOWNHOMES LIMITED PARTNERSHIP K 56160 FROM AUDIT CHERRY RIDGE APARTMENTS LIMITED PARTNERSHIP D 83570 FROM AUDIT