2011-07-25T10:12:56-05:00 2010-12-31 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 THOMAS P FULTON 6123759644 2011-07-18 1 XIAOYAN LUO 6123764500 2010 2016-03-07 17:11:31Z X THOMAS P FULTON MIDWEST PLAZA W 801 NICOLLET MALL NO 1825 MINNEAPOLIS MN 55402 20154467 0 X WWW.FHFUND.ORG X 1980 MN TO PROVIDE SAFE, AFFORDABLE, SUSTAINABLE HOMES TO FAMILIES AND CHILDREN IN THE TWIN CITIES. 24 24 26 0 0 0 5713483 16749931 1220297 2145298 60601 23577 134813 1235661 7129194 20154467 2250452 1961976 0 0 2044812 2326480 0 0 300014 4477058 6155896 8772322 10444352 -1643128 9710115 58643761 72135291 26171113 29952528 32472648 42182763 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 9202591 1249713 2145298 ESTABLISHED IN 1980, THE FAMILY HOUSING FUND SUPPORTS THE CITIES OF MINNEAPOLIS AND SAINT PAUL, THE METROPOLITAN COUNCIL, AND MINNESOTA HOUSING 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 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 $211.3 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 34,480 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. AND 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. 9202591 1 1 0 1 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 0 1 27 0 1 26 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 PATRICIA L HANSON 3.00 X X 0 0 0 BEVERLY HAWKINS 3.00 X X 0 0 0 PAUL WILLIAMS 3.00 X X 0 0 0 ROBERT ALPERS 2.00 X 0 0 0 ELIZABETH ANDERSON 2.00 X 0 0 0 ANDRIANA ABARIOTES 2.00 X 0 0 0 CECILE BEDOR 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 LISA GOODMAN 2.00 X 0 0 0 CHARLES HANLEY 2.00 X 0 0 0 PAT HARRIS 2.00 X 0 0 0 JAMES HOVLAND 2.00 X 0 0 0 MARGARET LOVEJOY 2.00 X 0 0 0 MARINA MUNOZ LYON 2.00 X 0 0 0 KAREN ANDERSON 2.00 X 0 0 0 CAROLYN E OLSON 2.00 X 0 0 0 TOM STREITZ 2.00 X 0 0 0 R T RYBAK 2.00 X 0 0 0 GEORGE STONE 2.00 X 0 0 0 BEVERLY TURNER 2.00 X 0 0 0 MAUREEN WARREN 2.00 X 0 0 0 STELLA WHITNEY-WEST 2.00 X 0 0 0 MAY XIONG 2.00 X 0 0 0 BILL ZIEGLER 2.00 X 0 0 0 CAROL BERDE 2.00 X 0 0 0 ELIZABETH GLIDDEN 2.00 X 0 0 0 CAROLYN E OLSON 2.00 X 0 0 0 ANITA PIERCE 40.00 X X 77976 0 17237 JAN CALLISON 2.00 X 0 0 0 KEN JOHNSON 2.00 X X 0 0 0 KATY LINDBLAD 2.00 X 0 0 0 JIM ROTH 2.00 X 0 0 0 DON SAMUELS 2.00 X 0 0 0 THOMAS STREITZ 2.00 X X 0 0 0 JOANNE WHITERABBIT 2.00 X X 0 0 0 THOMAS P FULTON 40.00 X 173256 0 52663 PAMELA J ZAGARIA 40.00 X 79477 0 28940 ELIZABETH RYAN 40.00 X 123726 0 26143 SHAWN HUCKLEBY 40.00 X 90000 0 653 WILLIAM MASK 40.00 X 77010 0 32251 REBECCA ROM 40.00 X 119400 0 33494 ELLEN HART-SHEGOS 6.30 X 17875 0 0 SHAWNA NELSEN 40.00 X 88997 0 22915 BETH HAUKEBO 40.00 X 102919 0 13413 861639 0 204794 4 0 1 0 HART-SHEGOS & ASSOCIATES 871 JEFFERSON AVENUE ST PAUL MN 55102 CONSULTING SERVICES 505000 FAEGRE & BENSON 90 S SEVENTH ST MINNEAPOLIS MN 55402 LEGAL SERVICES 121725 2 100000 16649931 16749931 INTEREST-HOUSING LOAN 624200 1368187 1368187 PROGRAM INCOME 624000 777111 777111 2145298 23577 23577 LOAN FORGIVENESS 624200 1156794 1156794 MISCELLANEOUS 624200 78867 78867 1235661 20154467 2145298 0 1259238 1956976 1956976 5000 5000 1058186 599557 296494 162135 892923 614795 213964 64164 78769 53485 14655 10629 215818 163306 32536 19976 80784 48056 21816 10912 187993 156971 31022 77366 2475 74891 753608 729405 17527 6676 135955 42566 93112 277 140479 60407 66146 13926 38944 22563 15438 943 879117 879117 641642 609874 24743 7025 29274 13258 12975 3041 PROVISION FOR LOAN LOSS 2933724 2933724 SUBJECT RELATED EXPENSE 205124 205124 REPORTS/COMMUNICATIONS 94284 84529 9625 130 MISCELLANEOUS EXPENSE 38386 21403 16803 180 10444352 9202591 941747 300014 1324388 1697788 9759634 10854031 5313888 13884798 48816 202654 80471 124466 444403 286861 94884 157542 41485208 44826553 536472 387459 58643761 72135291 738706 672678 691000 431250 24365616 28239778 375791 608822 26171113 29952528 X 7362353 10285887 25110295 31896876 32472648 42182763 58643761 72135291 9710115 X 0 1 1 X 0 X X X 0 0 0 CITY OF ST PAUL 416005521 6 1 1 1 20000 CITY OF MINNEAPOLIS 416005375 6 1 1 1 5000 METROPOLITAN COUNCIL 416008898 6 1 1 1 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 1 1 252500 4 277500 SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART I, LINE 11H, COLUMN VII, AMOUNT OF SUPPORT, THE FAMILY HOUSING FUND SUPPORTS MANY PROGRAMS AND PROJECTS WITH GRANTS AND LOANS IN SUPPORT OF THE CITY OF ST. PAUL, CITY OF MINNEAPOLIS, METROPOLITAN COUNCIL, AND MINNESOTA HOUSING FINANCE AGENCY -- ITS SUPPORTED ORGANIZATIONS. IN THE MAJORITY OF THOSE CASES, THE SUPPORT IS NOT PROVIDED DIRECTLY TO THE ORGANIZATIONS, BUT RATHER INDIRECTLY THROUGH OTHER AGENCIES. IN ADDITION, THERE ARE MANY COLLABORATIVE INITIATIVES FAMILY HOUSING FUND IS INVOLVED WITH AND PROVIDES FUNDING TO WHICH ALSO SUPPORTS THE FOUR ORGANIZATIONS. DURING 2010, FAMILY HOUSING FUND PROVIDED GRANTS IN THE AMOUNT OF $1,961,976 AND ADDITIONAL PROGRAMMATIC LOANS IN THE AMOUNT OF $3,341,345. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164304 60000 224304 9920034 10144338 657217 164304 0 0 698356 835067 578723 657217 2769363 4154045 70000 268767 148431 224304 711502 174589 208767 144681 164304 692341 1038512 208767 88431 164304 461502 215787 87162 128625 228616 199699 28917 157542 NET LOAN RECEIVABLE 44826553 F 44826553 OTHER LIABILTIIES 608822 608822 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 ASCENSION PLACE 1803 BRYANT AVE N MINNEAPOLIS MN 55411 411396238 501(C)(3) 75000 N/A N/A HOMELESSNESS - SERVICE FUNDING CATHOLIC CHARITIES 1200 SECOND AVE S MINNEAPOLIS MN 55403 411302487 501(C)(3) 110000 N/A N/A HOMELESSNESS - SERVICE FUNDING CATHOLIC CHARITIES 1200 SECOND AVE S MINNEAPOLIS MN 55403 411302487 501(C)(3) 35000 N/A N/A HOMELESSNESS - SERVICE FUNDING CHRISTIAN RESTORATION SERVICES 7964 BROOKLYN BLVD BROOKLYN PARK MN 55445 411911629 501(C)(3) 17000 N/A N/A HOMELESSNESS - SERVICE FUNDING CITY OF MINNEAPOLIS 105 FIFTH AVE S MINNEAPOLIS MN 55401 416005375 N/A 5000 N/A N/A BEARDEN GREEN DESIGN CORPORATION FOR SUPPORTIVE HOUSING 2801 21ST AVENUE S MINNEAPOLIS MN 55407 133600232 501(C)(3) 20000 N/A N/A HOMELESSNESS - CAPACITY BUILDING DAYTON'S BLUFF NEIGHBORHOOD HOUSING SERVICES 823 E SEVENTH ST SAINT PAUL MN 55106 411386097 501(C)(3) 120000 N/A N/A GENERAL OPERATING SUPPORT DIVERSITY LEADERSHIP INSITITUTE 1025 THOMAS AVE N MINNEAPOLIS MN 55411 010881211 501(C)(3) 21500 N/A N/A HOMELESSNESS - SERVICE FUNDING EAST METRO WOMEN'S COUNCIL 3521 CENTURY AVE N WHITE BEAR LAKE MN 55110 363578158 501(C)(3) 20000 N/A N/A HOMELESSNESS - SERVICE FUNDING GREATER MINNESOTA HOUSING FUND 332 MINNESOTA ST SAINT PAUL MN 55101 411836919 501(C)(3) 112500 N/A N/A HOMELESSNESS - SERVICE FUNDING HENNEPIN COUNTY 300 S SIXTH ST MINNEAPOLIS MN 55487 416005801 501(C)(3) 20000 N/A N/A HOMELESSNESS - CAPACITY BUILDING HEARTH CONNECTION 2446 UNIVERSITY AVE W SAINT PAUL MN 55114 411945956 501(C)(3) 10000 N/A N/A HOMELESSNESS - SERVICE FUNDING HOME OWNERSHIP CENTER 633 S CONCORD ST SAINT PAUL MN 55075 411741817 501(C)(3) 25000 N/A N/A HECAT ADMINISTRATIVE GRANT HOMELINE 3455 BLOOMINGTON AVE MINNEAPOLIS MN 55407 411941115 501(C)(3) 35000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES HOUSING LINK 600 18TH AVE N MINNEAPOLIS MN 55411 411873314 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT HOUSING PRESERVATION PROJECT 570 ASBURY ST SAINT PAUL MN 55104 411930525 501(C)(3) 50000 N/A N/A GENERAL OPERATING SUPPORT INTERFAITH OUTREACH & COMMUNITY PARTNERS 110 GRAND AVE S WAYZATA MN 55391 363482724 501(C)(3) 10000 N/A N/A HOMELESSNESS - SERVICE FUNDING LEGAL AID SOCIETY OF MINNEAPOLIS 430 FIRST AVE N MINNEAPOLIS MN 55401 410797355 501(C)(3) 20000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES LOCAL INITIATIVES SUPPORT CORPORATION 507 ASBURY ST SAINT PAUL MN 55104 133030229 501(C)(3) 50000 N/A N/A PUBLIC EDUCATION - DIVERSITY PROGRAMMING LUTHERAN SOCIAL SERVICES 2414 PARK AVE S MINNEAPOLIS MN 55404 410872993 501(C)(3) 20000 N/A N/A HOMELESSNESS - SERVICE FUNDING MINNEAPOLIS PUBLIC SCHOOLS 807 BROADWAY NE MINNEAPOLIS MN 55413 410851980 501(C)(3) 6950 N/A N/A VIVA CITY PROGRAM MINNESOTA HOUSING FINANCE AGENCY 400 SIBLEY ST SAINT PAUL MN 55101 411599130 501(C)(3) 250000 N/A N/A HECAT ADMINISTRATIVE GRANT OUR SAVIOR'S HOUSING 2219 CHICAGO AVE S MINNEAPOLIS MN 55404 200810105 501(C)(3) 35000 N/A N/A HOMELESSNESS - SERVICE FUNDING PEOPLE INCORPORATED 317 YORK AVE SAINT PAUL MN 55130 410962296 501(C)(3) 35000 N/A N/A HOMELESSNESS - SERVICE FUNDING PROJECT FOR PRIDE IN LIVING 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 65000 N/A N/A HEALTHY HOUSE REHAB PROJECT FOR PRIDE IN LIVING 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 6876 N/A N/A HAWTHORNE ECO VILLAGE GRANT RAMSEY COUNTY REDEVELOPMENT AUTHORITY 15 W KELLOGG BLVD SAINT PAUL MN 55102 416005875 501(C)(3) 20000 N/A N/A HOMELESSNESS - CAPACITY BUILDING SAFE HAVEN 13780 MCKENNA ROAD SHAKOPEE MN 55379 411804843 501(C)(3) 35000 N/A N/A HOMELESSNESS - SERVICE FUNDING SOUTHERN MINNESOTA REGIONAL LEGAL SERVICES 166 E FOURTH ST SAINT PAUL MN 55101 411316151 501(C)(3) 20000 N/A N/A HOMELESSNESS - FORECLOSURE COUNSELING SERVICES SPRINGBOARD FOR THE ARTS 308 PRINCE ST SAINT PAUL MN 55101 411690483 501(C)(3) 30000 N/A N/A SPEAKING OF HOME GRANT ST STEPHENS HUMAN SERVICES 2211 CLINTON AVE S MINNEAPOLIS MN 55404 010639118 501(C)(3) 120000 N/A N/A HOMELESSNESS - SERVICE FUNDING ST STEPHENS HUMAN SERVICES 2211 CLINTON AVE S MINNEAPOLIS MN 55404 010639118 501(C)(3) 225000 N/A N/A HOMELESSNESS - SERVICE FUNDING TWIN CITIES HABITAT FOR HUMANITY 3001 FOURTH ST SE MINNEAPOLIS MN 55414 363363171 501(C)(3) 65000 N/A N/A GENERAL OPERATING SUPPORT UNIVERSITY OF MINNESOTA 300 HUBERT H HUMPHREY CENTER MINNEAPOLIS MN 55455 416007513 501(C)(3) 45000 N/A N/A KRUSELL FELLOWSHIP URBAN LAND INSTITUTE 81 S NINTH ST MINNEAPOLIS MN 55402 530159845 501(C)(3) 100000 N/A N/A REGIONAL HOUSING PRESENTATION AND PRODUCTION 35 0 DOWN PAYMENT GRANTS 2 5000 N/A ASSISTANCE TO INDIVIDUALS FOR AFFORDABLE HOUSING 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 173040 0 0 0 216 0 17304 0 35359 0 225919 0 0 0 REBECCA ROM 119400 0 0 0 0 0 4400 0 29094 0 152894 0 0 0 SHAWN HUCKLEBY FORMER BOARD MEMBERS 90653 EMPLOYEE OF TWIN CITIES COMMUNITY LAND BANK 0 ELLEN HART-SHEGOS EXECUTIVE DIRECTOR OF FAMILY SUPPORTIVE HOUSING CENTER AND BUSINESS OWNER 522875 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 UNDER THE POSTIION OF EXECUTIVE DIRECTOR WAS $17,875. COMPENSATION PROVIDED TO THE INDIVIDUAL'S COMPANY WAS $505,000. ALL AMOUNTS ARE DISCLOSED IN PART VII OF FORM 990. 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF OFFICERS OF FAMILY HOUSING FUND. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ESTABLISH THE COMPENSATION OF THE PRESIDENT, WITH THE REQUIREMENT TO REPORT TO 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 THE LAST DONE IN 2008 FOR 2009 COMPENSATION. WAGE LEVELS WERE FROZEN FOR 2010. 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 COUNCILSUPPORTIVE HOUSING PRESERVATION PROJECT (FUNDED BY A SPECIAL GRANT FROM THE BUTLER FAMILY FOUNDATION). FAMILY SUPPORTIVE HOUSING CENTER LLC 801 NICOLLET MALL STE 1650 MINNEAPOLIS MN 55402 411380923 SUPPORTING THE NEEDS OF HOMELESS FAMILIES AND CHILDREN CO 505450 36532 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 1520605 5631562 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 0 0 N/A 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 TWIN CITIES COMMUNITY LAND BANK D 4854976 OUTSTANDING LOANS TWIN CITIES COMMUNITY LAND BANK K 9745 FAIR VALUE OF CONSULTING SERVICES TWIN CITIES COMMUNITY LAND BANK A 35677 INEREST RECEIVED ON LOANS TWIN CITIES COMMUNITY LAND BANK B 202850 GRANT AMOUNT FAMILY SUPPORTIVE HOUSING CENTER LLC B 505000 GRANT AMOUNT TWIN CITIES COMMUNITY LAND BANK O 4909 REIMBURSEMENT FOR LEGAL FEES