2023-06-27T08:33:31-05:00 2022-12-31 411397419 Abdo LLP 5201 Eden Ave STE 250 Edina MN 55436 990 2022-01-01 411386993 Neighborhood Housing Services of Minneapolis Inc NEIG 6125947150 1930 Glenwood Ave Minneapolis MN 55405 Jeff Washburne Executive Director 6125947150 2023-06-21 1 Jeff Washburne XXX-XX-XXXX 0 Steven D Anseth CPA P00552219 9528359090 2023-06-21 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jeff Washburne 1930 Glenwood Ave Minneapolis MN 55405 225376 0 X www.minneapolisnhs.org X 1980 MN To promote neighborhood stabalization through sustainable home ownership. 15 15 0 15 0 0 19674 38009 80186 175073 10528 12294 57557 0 167945 225376 874 0 0 0 0 0 0 0 0 399690 335656 400564 335656 -232619 -110280 3162000 3062961 168625 258844 2993375 2804117 NHS exists to promote sustainable home ownership in specifically targeted neighborhoods of North and South Minneapolis, MN by providing lending, post purchase training and counseling and developmental services to prospective and current residents. 0 0 335656 175073 In 2022, NHS continued to work with community partners and borrowers to strategically reduce lending services and strategize solutions for underperforming loans. NHS coordinated with the Northside Residents Redevelopment Council to provide the last home improvement and closing costs assistance loans for residents of the Willard Hay and Near North neighborhoods prior to terminating the contract in December. 335656 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 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 0 0 0 MN X X Jeff Washburne 6125947150 1930 Glenwood Avenue Minneapolis MN 55405 Nataly Sanchez Chair 2.00 2.00 X X 0 0 0 Andrea Reese Vice Chair 2.00 2.00 X X 0 0 0 Christina A Jennings Treasurer 2.00 2.00 X X 0 0 0 Alicia Smith Secretary 2.00 2.00 X X 0 0 0 Sheila Bland Member 1.00 1.00 X 0 0 0 J Ralph Pace Member 1.00 1.00 X 0 0 0 Michael A Dill Member 1.00 1.00 X 0 0 0 Lao Lu Hang Member 1.00 1.00 X 0 0 0 Dave Higgins Member 1.00 1.00 X 0 0 0 Matthew C Sargent Member 1.00 1.00 X 0 0 0 Peggy Moore Member 1.00 1.00 X 0 0 0 Taylor Smirkarova Member 1.00 1.00 X 0 0 0 Jackline N Mukiibi Member 1.00 1.00 X 0 0 0 Minkara Tezet Member 1.00 1.00 X 0 0 0 Libby F Murphy Member 1.00 1.00 X 0 0 0 Jeff Washburne Executive Director 37.00 3.00 X 0 163006 8150 Staci Horwitz Operations Director 36.50 3.50 X 0 94706 15233 Mollie Mosman Finance Director 36.50 3.50 X 0 93803 11603 0 351515 34986 0 0 1 0 0 38009 38009 Other Loan Income 532000 95010 95010 Loan Interest 532000 56713 56713 Service and Originatio 532000 17498 17498 Recovery of Deferred L 532000 5852 5852 175073 12294 12294 225376 175073 0 12294 99151 99151 3169 3169 14680 14680 1677 1677 3123 3123 199 199 2705 2705 2675 2675 Loans Transferred 162573 162573 Loan Processing 34702 34702 Deferred Loans Provided 4684 4684 Outreach and Developmen 2373 2373 3945 3945 335656 335656 0 0 5060 2181716 2287494 970757 766120 4467 9347 3162000 3062961 28056 24324 5272 420 135297 234100 168625 258844 X 734596 683510 2258779 2120607 2993375 2804117 3162000 3062961 X -110280 -78978 X X 0 1 X 1 0 X 264686 44154 15519 19674 38009 382042 264686 44154 15519 19674 38009 382042 382042 15428 14412 11414 10528 12294 64076 446118 582552 0.85640 0.85680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 Recoverable Program Funds 234100 234100 X Part X, Line 2: City of Lakes Community Land Trust and its subsidiaries are exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Minnesota Statute 290.05 and are exempt from private foundation status under Section 509(a)(1) of the Internal Revenue Code. CLCLT and its subsidiaries are subject to income taxes only on net unrelated business income. Income from operation of the rental property is subject to unrelated business income taxes because the building is debt financed. No income taxes were paid in 2022 or 2021. Management believes CLCLT and its subsidiaries do not have any uncertain tax positions. X 0 0 0 0 0 0 0 0 0 Jeff Washburne Executive Director 0 163006 0 0 0 0 0 0 0 8150 0 171156 0 0 Form 990, Part VI, Section B, line 11b The 990 is presented to all members of the Board of Directors in advance of submission to the IRS. Adequate time is provided for review and comment. Form 990, Part VI, Section B, line 12c A conflict of interest is a situation in which a board member's private interest or outside economic interest interferes with their duties and responsibilities at NHS or with NHS's general activities. If such a situation exists, it is the member's duty to disclose all material facts to the board or appropriate committee. The board will then vote to determine if further action is required. Annually a disclosure statement is required of all members and officers of the Board of Directors immediately following each corprate annual meeting held in January. Form 990, Part VI, Section C, line 19 A photocopy or electronic version is available upon request. Form 990, Part XI, line 9: Loans Reinstated 19,825. Adjustment of recoverable program funds -98,803. Part XII, Line 2c This process has not chaged from the prior year. City of Lakes Community Land Trust 1930 Glenwood Avenue Minneapolis MN 55405 061665031 Affordable home ownership MN 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 City of Lakes Community Land Trust P 99151 Cost