2026-04-20T09:14:34-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2025-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 2550 UNIVERSITY AVENUE WEST 255-S SAINT PAUL MN 55114 ELLEN K SAHLI PRESIDENT & CEO 6123759644 2026-04-15 1 KAREN A GRIES P00078514 6128764500 2026-04-15 2025 2025-03-06 01:10:19Z X ELLEN K SAHLI 2550 UNIVERSITY AVENUE WEST 255-S SAINT PAUL MN 55114 8939872 0 X WWW.FHFUND.ORG X 1980 MN TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 23 23 6 25 0 0 1777049 3741845 563701 445965 685539 526197 43945 16 3070234 4714023 1699272 1264750 0 0 1173986 1145484 0 0 202252 1644066 2517539 4517324 4927773 -1447090 -213750 48678148 50712112 1121777 1797180 47556371 48914932 X THE FAMILY HOUSING FUND ("FUND") IS A NONPROFIT INTERMEDIARY ORGANIZATION WHOSE MISSION IS TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 0 0 749558 462530 EXPAND OPPORTUNITIES - THE FUND AIMS TO IMPROVE HOUSING STABILITY, REDUCE EVICTIONS AND DISPLACEMENT, IMPROVE HOUSING CHOICE, AND ENSURE ACCESS TO QUALITY, AFFORDABLE HOMES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES TO SYSTEMATICALLY ADDRESS THREATS TO HOUSING STABILITY AND CHOICE, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. THIS INCLUDES CONVENING PARTNERS ACROSS PRIVATE, NONPROFIT, AND PUBLIC SECTORS TO DEVELOP STRATEGIES FOR EXPANDING ACCESS TO EMERGENCY FINANCIAL ASSISTANCE, IDENTIFY AND ADDRESS THE IMPACTS OF CORPORATE-OWNED SINGLE-FAMILY RENTAL HOMES, DISRUPT DISCRIMINATORY TENANT SCREENING PRACTICES, AND IMPROVE THE QUALITY OF THE HOUSING STOCK ACROSS THE TWIN CITIES REGION. 428323 123750 BUILDING EQUITY - THE FUND SUPPORTS STRATEGIES THAT EXPAND ACCESS TO HOMEOWNERSHIP FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR COMMUNITIES AND HELP REDUCE RACIAL WEALTH DISPARITIES. BUILDING ON THE LEARNINGS FROM OUR SMALL MULTIFAMILY OWNERSHIP WORK, THE FUND FURTHER DEVELOPED OUR VALUING HOMES IN BLACK COMMUNITIES INITIATIVE (BUILDING EQUITY NEXT GENERATION) IN 2024. THIS WAS A HOLISTIC EFFORT TO TRANSFORM THE HOMEOWNERSHIP JOURNEY FOR BLACK COMMUNITIES AND ADDRESS WIDE-RANGING CHALLENGES AFFECTING BLACK COMMUNITIES' ABILITY TO BUILD AND SUSTAIN WEALTH THROUGH HOMEOWNERSHIP. SYNTHESIZING THE LEARNINGS FROM OUR ENGAGEMENT AND CO-DESIGN PROCESS, WE DEVELOPED THREE CORE STRATEGIES FOCUSED ON SUPPORTING BLACK HOMEOWNERSHIP. THE FUND PUBLISHED THESE RECOMMENDATIONS IN A REPORT AND SOUGHT TO ALIGN OUR WORK WITH COMPLEMENTARY EFFORTS IN THE TWIN CITIES. IN 2024, THE FUND INVESTED IN THE ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, A SPECIAL PURPOSE CREDIT DOWN PAYMENT ASSISTANCE PROGRAM LED BY THE MINNESOTA HOME OWNERSHIP CENTER AND TWIN CITIES HABITAT FOR HUMANITY WHICH IS ALSO PILOTING A POST-PURCHASE SUPPORT STRATEGY. OUR INVESTMENT SUPPORTED ACCESS TO CAPITAL POST-PURCHASE FOR NEW HOMEOWNERS AS WELL AS THE DEVELOPMENT OF POST-PURCHASE CURRICULUM AND COACHING. 581958 256501 25000 INCREASE SUPPLY - THIS PROGRAM AREA AIMS TO INCREASE HOUSING CHOICE AND AFFORDABILITY BY EXPANDING NEW APPROACHES TO HOUSING DEVELOPMENT AND PRESERVATION IN THE TWIN CITIES REGION. THE FUND INFORMS LOCAL POLICY THROUGHOUT THE REGION TO PRESERVE AND PRODUCE HOUSING, WHILE ALSO EXPLORING AND SUPPORTING NEW TOOLS FOR EXPANDING THE SUPPLY OF QUALITY, AFFORDABLE HOMES. IN 2024, THE FUND HELPED CONVENE A COALITION OF NONPROFIT HOUSING PROVIDERS TO EXPLORE CURRENT THREATS FACING THE AFFORDABLE HOUSING SECTOR AND IDENTIFY AND AMPLIFY POTENTIAL SOLUTIONS FOR BRINGING THE SECTOR BACK TO HEALTH. 1924667 421968 420981 ACTIVATE HOUSING CHAMPIONS - THE FUND INCREASES PUBLIC WILL FOR HOUSING SOLUTIONS BY SUPPORTING ADVOCACY EFFORTS, PRODUCING AND PUBLISHING RESEARCH, AND ELEVATING HOUSING SUCCESS STORIES THROUGH ITS STRATEGIC COMMUNICATIONS. THE FUND ALSO STRENGTHENS THE LOCAL ECOSYSTEM OF HOUSING ORGANIZATIONS AND RESOURCES BY PROVIDING SUPPORT TO COMMUNITY-BASED PARTNER ORGANIZATIONS. IN 2024, THE FUND PUBLISHED FOUR REPORTS OF RESEARCH AND KEY LEARNINGS AND HOSTED FOUR VIRTUAL EVENTS WITH THE PUBLIC TO SHARE HOUSING LEARNINGS. 1924667 421968 420981 3684506 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 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 0 0 0 1 23 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X ELLEN K SAHLI 6123759644 310 4TH AVE SOUTH STE 9000 MINNEAPOLIS MN 55415 JOHN QUINCY CHAIRPERSON 3.00 X X 0 0 0 CRAIG KLAUSING VICE PRESIDENT/TREASURER 3.00 X X 0 0 0 KASEY KIER VICE PRESIDENT 3.00 X X 0 0 0 AARICA COLEMAN VICE PRESIDENT 3.00 X X 0 0 0 ELENA GAARDER VICE PRESIDENT 3.00 X X 0 0 0 ANIKA BOWIE DIRECTOR 2.00 X 0 0 0 ALENE TCHOURUMOFF DIRECTOR 2.00 X 0 0 0 AMY STEZEL DIRECTOR 2.00 X 0 0 0 ANISHA MURPHY DIRECTOR 2.00 X 0 0 0 BEN HOROWITZ DIRECTOR 2.00 X 0 0 0 BILL DROSTE DIRECTOR 2.00 X 0 0 0 BRAD WIERSUM DIRECTOR 2.00 X 0 0 0 CRISTEN INCITTI DIRECTOR 2.00 X 0 0 0 ELFRIC PORTE DIRECTOR 2.00 X 0 0 0 JAKE LOESCH DIRECTOR 2.00 X 0 0 0 JEREMIAH ELLISON DIRECTOR 2.00 X 0 0 0 JOHN DECRAMER DIRECTOR 2.00 X 0 0 0 JULES ATANGANA DIRECTOR 2.00 X 0 0 0 KATIE CASHMAN DIRECTOR 2.00 X 0 0 0 KIZZY DOWNIE DIRECTOR 2.00 X 0 0 0 MARCUS SCHMIT DIRECTOR 2.00 X 0 0 0 NELSIE YANG DIRECTOR 2.00 X 0 0 0 NICHOL DEHMER DIRECTOR 2.00 X 0 0 0 SPENCER FINSETH DIRECTOR 2.00 X 0 0 0 STEPHANNIE LEWIS DIRECTOR 2.00 X 0 0 0 ELLEN K SAHLI PRESIDENT & CEO 40.00 X 247297 0 49148 FUMIKO SALONE DIRECTOR OF OPERATIONS 40.00 X 185607 0 38440 KARYSSA SCHECK DEVELOPMENT AND COMM. OFFICER 40.00 X 122390 0 21243 ANDREA INOUYE PROGRAM DIRECTOR 40.00 X 150566 0 31918 705860 0 140749 3 0 1 0 CLIFTON LARSON ALLEN 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 174595 COLLEEN EBINGER 4135 PILLSBURY AVE S MINNEAPOLIS MN 55409 NP HOUSING STABILIZATION CONS. 164536 2 3741845 3741845 INTEREST-HOUSING LOAN 624200 441982 441982 FEE INCOME 541610 3983 3983 445965 526197 526197 4225849 4225849 0 MISCELLANEOUS 624200 16 16 16 4714023 445981 0 526197 X 1264750 1264750 296444 150457 92749 53238 662886 336440 207399 119047 47979 19531 21223 7225 75519 31704 32165 11650 62656 31942 19622 11092 672528 515277 157251 84245 50112 34133 206191 206191 49000 49000 56561 25841 30720 39471 17532 21939 172640 91052 81588 41681 21246 20435 81284 38651 42633 2854 2854 14917 1518 13399 2616 2616 48353 24242 24111 PROVISION FOR LOAN LOSS 1029379 1010211 19168 TRAINING/PERIODICALS 10819 10819 MEMBERSHIPS 5000 5000 4927773 3684506 1041015 202252 690528 250354 14620355 13944992 1760000 3000000 51572 49799 88882 85891 316032 211477 19168 104555 31427746 32665821 19897 610700 48678148 50712112 155170 280095 597000 550000 70879 57967 298728 909118 1121777 1797180 X 44025116 43900210 3531255 5014722 47556371 48914932 48678148 50712112 X -213750 1572311 X 0 1 X 1 0 X X 4 CITY OF ST PAUL 416005521 6 1 0 0 CITY OF MINNEAPOLIS 416005375 6 1 0 0 METROPOLITAN COUNCIL 416008898 6 1 0 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION B, LINE 2: AS A SUPPORTING ORGANIZATION OF GOVERNMENT, THE FAMILY HOUSING FUND WORKS COLLABORATIVELY WITH MINNESOTA HOUSING, THE METROPOLITAN COUNCIL, AND THE CITIES OF MINNEAPOLIS AND ST. PAUL, SUPPORTING THEIR HOUSING POLICIES AND PROGRAMS AND DELIVERING TESTED SOLUTIONS TO HOUSING CHALLENGES. THE FOUR GOVERNMENT ENTITIES APPOINT FOUR MEMBERS EACH TO THE FAMILY HOUSING FUND BOARD OF DIRECTORS. APPOINTMENTS BY GOVERNMENT PARTNERS RANGE FROM AGENCY LEADERSHIP, TO ELECTED OFFICIALS, TO COMMUNITY MEMBERS. THROUGH THEIR APPOINTED REPRESENTATION, EACH GOVERNMENT AGENCY PARTICIPATES IN GOVERNANCE OF THE FAMILY HOUSING FUND, INCLUDING FINANCIAL OVERSIGHT AND SETTING THE STRATEGIC DIRECTION. THIS INCLUDES THE APPROVAL OF GRANTS BEING AWARDED TO ORGANIZATIONS OTHER THAN THE SUPPORTED ORGANIZATIONS MENTIONED ABOVE. DETAILED DISCUSSIONS DURING BOARD MEETINGS SURROUNDING EACH GRANT AWARD CONSIDERED ENSURES THAT GRANTS AWARDED BY THE FAMILY HOUSING FUND FURTHER THE EXEMPT PURPOSE OF THE FAMILY HOUSING FUND AND ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49000 49000 4676522 4725522 386276 96569 0 0 628934 426831 375866 386276 1817907 2726861 84000 84000 89000 49000 306000 157234 106708 93967 96569 454478 681717 64653 490 64163 251379 210987 40392 104555 NET LOAN RECEIVABLE 32665821 F 32665821 LOANS PAYABLE 292338 SHORT TERM LEASE 21752 LONG TERM LEASE 595018 KK - COURT ORDERED RESTITUTION 10 909118 X 6286334 1572311 1572311 4714023 0 4714023 4927773 0 4927773 0 4927773 PART X, LINE 2: THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FUND FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2025 AND 2024. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 1,572,311. 1 HOUSINGLINK 1400 VAN BUREN STREET NE STE 215 MINNEAPOLIS MN 55413 411873314 148000 0 SUPPORT THE AFFORDABLE HOUSING DATA SYSTEMS PROJECT HOUSING JUSTICE CENTER 275 4TH STREET EAST SUITE 590 ST PAUL MN 55101 411930525 204000 0 PRODUCE EDUCATIONAL MATERIALS FOR TENANT HOUSING SCREENING MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVE W STE 106 ST PAUL MN 55114 411649643 182500 0 MINNESOTA ERASE CAMPAIGN METRO CONSORTIUM OF COMMUNITY DEVELOPERS 3137 CHICAGO AVENUE MINNEAPOLIS MN 55407 411658654 80000 0 ELCD PROGRAM DESIGN AND ELCD PROGRAM DESIGN PHASE II CENTER FOR ENERGY AND ENVIRONMENT 212 3RD AVENUE N SUITE 560 MINNEAPOLIS MN 55401 411647799 16500 0 POST-PURCHASE LOAN MARKETING PROJECT FOR PRIDE IN LIVING 1035 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 237232208 35000 0 SUPPORT THE HOUSING STABILITY COALTION HOME LINE 8011 34TH AVE S SUITE 126 BLOOMINGTON MN 55425 411941115 60000 0 SUPPORT THE TENANT HOTLINE GREATER MINNESOTA HOUSING FUND 332 MINNESOTA STREETSUITE 1650 WEST ST PAUL MN 55101 411836919 50000 0 EMERGING DEVELOPERS SUPPORT REGENTS OF THE UNIVERSITY OF MINNESOTACURA 2221 UNIVERSITY AVE SE SUITE 100 MINNEAPOLIS MN 55414 416007513 150000 0 SUPPORT RESEARCH FOR SFR HOMES NEW AMERICAN DEVELOPMENT CENTER 2304 PARK AVE 200 MINNEAPOLIS MN 55404 320241006 20000 0 SUBURBAN RENTER/LANDLORD ENGAGEMENT PRG INC 2017 EAST 38TH STREET MINNEAPOLIS MN 55407 411280596 75000 0 RENTER ENGAGEMENT IN B3 PORTFOLIO MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVE W ST PAUL MN 55114 411601248 7500 0 CONFERRENCE SPONSORSHIP 13 0 PART I, LINE 2: FILES ARE KEPT ON GRANTEES AND GRANTS ARE AWARDED TO ORGANIZATIONS SPONSORING HOUSING BENEFITING LOW TO MODERATE INCOME PERSONS. X 0 0 0 0 0 0 0 0 0 ELLEN K SAHLI PRESIDENT & CEO 242297 0 5000 0 0 0 24730 0 24418 0 296445 0 0 0 FUMIKO SALONE DIRECTOR OF OPERATIONS 185607 0 0 0 0 0 18561 0 19879 0 224047 0 0 0 ANDREA INOUYE PROGRAM DIRECTOR 150566 0 0 0 0 0 15346 0 16572 0 182484 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSISTS OF 24 MEMBERS, 4 MEMBERS ARE APPOINTED BY THE CITY OF SAINT PAUL (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE CITY OF MINNEAPOLIS (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE METROPOLITAN COUNCIL AND 4 BY THE MINNESOTA HOUSING FINANCE AGENCY. THE REMAINING 8 MEMBERS ARE APPOINTED BY THE FAMILY HOUSING FUND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B 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 EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ADJUST THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS, AT THEIR DISCRETION, THROUGH ANY COMBINATION OF A PERFORMANCE-BASED SALARY INCREASE. THE EXECUTIVE COMMITTEE SHALL BASE THE PRESIDENT'S COMPENSATION ADJUSTMENTS ON CONSIDERATION OF THE PRESIDENT'S PERFORMANCE, THE ORGANIZATION'S BUDGET, MARKET CONDITIONS AND FHFUND'S FINANCIAL POSITION. THE PRESIDENT HAS THE AUTHORITY TO ESTABLISH COMPENSATION FOR ALL OTHER STAFF AND THE COMPENSATION IS BASED ON JOB DESCRIPTIONS AND PERFORMANCE REVIEWS. COMPENSATION LEVELS ARE SET BY THE PRESIDENT AND APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 25,841. MANAGEMENT AND GENERAL EXPENSES 28,472. TOTAL EXPENSES 54,313. CONSULTING FEES: MANAGEMENT AND GENERAL EXPENSES 2,248. TOTAL EXPENSES 2,248. FORM 990, PART XI, LINE 9: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 1,572,311.