2011-05-13T16:13:11-05:00 2010-06-30 LARSONALLEN LLP 818 SECOND ST SO SUITE 320 WAITE PARK MN 56387 990 2009-07-01 411721815 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP SOUT 5078368673 2401 BROADWAY AVENUE No 4 SLAYTON MN 561721142 Julie Rath 5078368673 2011-05-13 1 Christine M Stanz 3202035500 2009 2016-02-24 21:20:13Z Julie Rath 2401 BROADWAY AVENUE No 4 SLAYTON MN 561721142 11561869 0 X www.swmhp.org X 1992 MN TO PROVIDE ADEQUATE AND AFFORDABLE DWELLINGS FOR THE PEOPLE OF SOUTHWESTERN MINNESOTA. 15 15 24 15 0 0 5371443 6850469 2603231 4546352 133056 133694 27581 31354 8135311 11561869 2868239 2681924 0 921664 999024 0 76985 3970067 5559585 7759970 9240533 375341 2321336 20225397 27072276 15680524 19104411 4544873 7967865 To provide a sufficient supply of adequate, safe, sanitary and affordable dwellings for the people of southwestern Minnesota. 0 0 2857653 1849691 974527 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 356 units and 854 individuals. 1214610 1100173 Multi-family development and asset management - Development and management of multi-family rental property. 1104 units served. 792598 411414 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 65 units and 156 individuals. 3879921 832233 2060238 Home Ownership Project -Assisted low-income individuals with home ownership and conducted marketing and home purchasing counseling. Served 19 units and 46 individuals.Home Purchase Assistance - Disbursed funds to local entities to be used for home purchase assistance. Funds from developer fees, foundation grants and other funding sources. Served 241 households and 578 individuals.Non-Owned Construction - Assisted local units of government to construct new homes and commercial property within their communities. Funds provided by local governmental units and private organizations. 3 units served. 3879921 832233 2060238 8744782 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 96 0 1 24 1 0 0 0 0 0 0 0 0 0 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 MN X The Organization 5078368673 2401 BROADWAY AVENUE No 4 SLAYTON MN 561721142 Julie Rath 1.00 X X 1730 0 0 Shirley Anderson-Porisch 1.00 X X 0 0 0 Jay Trustee 1.00 X X 0 0 0 Deb Larson 1.00 X 0 0 0 Jane Wildung-Lanphere 1.00 X 0 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 640 0 0 Scott Johnson 1.00 X 0 0 0 Jerry Bottleberghe 1.00 X 0 0 0 Nick Haggenmiller 1.00 X 0 0 0 Dale Roemich 1.00 X 0 0 0 John DeCramer 1.00 X 0 0 0 Rick Goodemann 40.00 X 89735 0 12640 Robyn VanHeuvelen 40.00 X 63666 0 4449 Gina Harvey 1.00 X 0 0 0 155771 0 17089 0 0 0 0 Doug Nau Contruction PO Box 232 Worthington MN 56187 Carpentry 171452 Kontz Construction 221 N 8th Street Montevideo MN 56265 Carpentry 136799 Dyrdahl Lumber 165 Laurel Avenue Hazel Run MN 56241 Carpentry 125116 Dean A Dethmers 1304 State Highway 30 Pipestone MN 56164 Carpentry 124494 4 3207542 3642927 1506000 6850469 Rental Income 531110 1782017 1782017 fees for services 531390 1628726 1628726 Sale of single family 531390 1135609 1135609 4546352 133694 133694 Miscellaneous 900099 31354 31354 31354 11561869 4546352 0 165048 10000 10000 2671924 2671924 181969 39536 142433 643027 594509 48518 19170 14950 3043 1177 99485 81742 11266 6477 55373 47057 4458 3858 42614 10278 32011 325 39300 31533 5502 2265 1397624 1390730 6010 884 6096 4784 1151 161 92920 59400 30414 3106 10274 8244 1438 592 39633 31913 5469 2251 51223 10989 37466 2768 22840 12642 9781 417 134995 15276 118599 1120 56588 49153 5413 2022 18107 14528 2535 1044 Housing Program Expense 2060230 2060230 Home Building Expenses 1429668 1429668 Miscellaneous 157473 155696 1777 9240533 8744782 418766 76985 2278268 217045 1252702 4346014 249676 16522 773033 683855 2805038 2792334 39008 49236 18618573 2119577 8733861 16498996 3940945 2269667 152866 198607 20225397 27072276 1537866 1136983 1616648 737270 4910000 10013221 248278 133226 7115744 6986781 251988 96930 15680524 19104411 X 2258971 5323571 443247 404702 1842655 2239592 4544873 7967865 20225397 27072276 X 0 1 1 X 1 1 X 4333513 3970545 6826436 5371443 6850469 27352406 4333513 3970545 6826436 5371443 6850469 27352406 5532261 21820145 92115 124389 163530 133056 133694 646784 40503 27581 31354 99438 28098628 16625547 0.77660 0.84180 X Schedule A, Part IV, Supplemental Information: Schedule A, Part II, Line 10, Explanation for other income: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2049134 2049134 15603509 1931909 13671600 944530 187668 756862 21400 21400 16498996 single family homes & lots 1347436 C due from affiliates 272184 C Investments in LPs and other 650047 C 2269667 Security deposits 96930 96930 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. 1 Three Rivers Community Action Inc 1414 North Star Drive Zumbrota MN 55992 410906178 501c3 10000 Provide Somali Community Resettlement Services with funds to provide homeownership activities 1 Small cities block grant - owner occupied housing rehab 123 1566291 small cities block grant - rental rehab 21 316819 small cities block grant - commercial property rehab 14 203723 Home rehab, gap financing & Help loan disbursements 70 361196 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 City of Luverne Minnesota 416005329 noneavail 2009-11-06 5196000 Multifamily housing acquisition 0 0 4750200 140000 99800 4750200 2004 0 0 1 1 5164000 32000 5164000 2009 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 X 1 1506000 appraisal 0 1 0 Form 990, Part VI, Section A, line 1 Governance Committee membership is made up of members of the Board. The By-laws state membership in the Governance Committee is the officers of Board (Chair, Vice Chair, Secretary, and Treasurer) plus two other Directors appointed by the Board Chair & confirmed by majority vote of the Board of Directors. The by-laws further state that the Governance Committee "shall have the authority to manage the affairs of the Partnership in the intervals between meetings of the Board of Directors". 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. Form 990, Part VI, Section C, line 19 Upon Request New Prague Westgate Townhomes LLC 600 first street new prague MN 56071 261540097 residential rental CO 347279 4192219 N/A Buffwood LLC 2401 Broadway Avenue Slayton MN 56172 270175280 Residential rental MN 2312788 7097198 N/A Partnership Community Land Trust LLC 2401 Broadway Avenue slayton MN 56172 263077766 Land Trust CO 552675 552675 N/A Nicollet Meadows Housing Group West Menk Drive St Peter MN 56082 412019031 Residential Rental MN 501(c)3 9 N/A Central Square Apartments Limited Partnership 301 Washington Avenue St Peter MN 55082 201004066 Rental MN N/A Related 21201 65891 0 1 Mankato Cherry Ridge Apartments Limited Partnership 101 Glenwood Mankato MN 56001 320186953 Rental MN N/A Related -18 202123 0 -1 1 South Park Manor Limited Partnership (Crossroads Townhomes) 106 5th Street SW Dodge Ctr MN 55927 411395722 Rental MN N/A Related -92372 1272287 0 1079 1 Grande Apartments Limited Partnership (Grande Apartments) 104 N 9th Street Olivia MN 56277 411989163 Rental MN N/A Related -5 18243 0 1 Paris Park Limited Partnership (Paris Park Townhomes) 1100-1100 Paris Road Marshall MN 56258 753024145 Rental MN N/A Related -13 85633 0 1 Jackson Family Housing Limited P'ship (River Bluff Townhomes) 300-302 Hwy 71 S Jackson MN 56143 411855345 Rental MN N/A Related -5 92984 0 1 Luverne Family Housing Limited P'ship (Rock Creek Townhomes) 300-323 Oak Drive Luverne MN 56156 411855330 Rental MN N/A Related -6 214692 0 1 Rock Manor Limited Partnership (Stone Creek Townhomes) 500 W Hattig Street Luverne MN 56156 411443134 Rental MN N/A Related -16102 311775 0 115 1 Tanglewood Estate Limited Partnership (Tanglewood Estates) 901-924 Tanglewood Dr Montevideo MN 56265 411823082 Rental MN N/A Related 6715 101977 0 1 1 Viking Terrace Apartments Limited Partnership 1440-1460 N Burlington Worthington MN 56187 202772402 Rental MN N/A Related -16 190126 0 1 Pipestone Family Housing Ltd P'ship (Whispering Winds Townhomes) 402-416 6th Ave/724 5th Pipestone MN 56165 411980471 Rental MN N/A Related -9 23904 0 1 Prairie View Limited Partnership (Willow Court Townhomes) 1545-1627 Darling Drive Worthington MN 56187 411823081 Rental MN N/A Related -603 75989 0 31 1 River Ridge Windom Limited Partnership (Windom Apartments) 135 145 6th Ave S Windom MN 56101 411924492 Rental MN N/A Related -16 89107 0 1 1 Westwind Estates Townhomes Limited Partnership 2401 Broadway Ave Slatyon MN 56172 263077684 Rental MN N/A Related 0 1 Springstone Limited Liability Company 2401 Broadway Ave Slatyon MN 56172 270310144 Rental MN N/A Related -8124 2894963 0 74 1 Southwest Building Specialists Inc 2401 Broadway Avenue Slayton MN 56172 203280023 General Contractor MN Yes C 609957 265792 1.00000 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 Springstone LLC D 250991 Springstone LLC K 131750 Westwind Estates Townhomes LP K 215000