2023-11-15T11:16:58-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 411802616 BATC FOUNDATION BATC 6516971954 2960 CENTRE POINTE DRIVE ROSEVILLE MN 55113 JESSICA RYAN EXECUTIVE DIRECTOR 6516971954 2023-11-14 1 JESSICA RYAN 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HOUSING FIRST MINNESOTA FOUNDATION JESSICA RYAN 2960 CENTRE POINTE DRIVE ROSEVILLE MN 55113 1212494 0 X WWW.HOUSINGFIRSTMNFOUNDATION.ORG X 1995 MN TO WORK IN PARTNERSHIP WITH OTHERS TO PROVIDE SAFE, DURABLE, AFFORDABLE HOUSING FOR MINNESOTA'S HOMELESS, VETERANS AND OTHERS IN NEED. AS THE CHARITABLE ARM OF HOUSING FIRST MINNESOTA, THE FOUNDATION PARTNERS WITH LOCAL SERVICE PROVIDERS AND TAPS THE TALENTS AND RESOURCES OF THE ASSOCIATION'S MEMBER BUILDERS, REMODELERS, SUPPLIERS, AND VOLUNTEERS TO BUILD NEW OR RENOVATE EXISTING HOUSING FACILITIES FOR THOSE EXPERIENCING HOMELESSNESS. 18 18 0 35 0 0 513940 657556 0 0 85272 65960 174396 189178 773608 912694 0 0 0 0 176559 181038 0 0 130762 403486 873265 580045 1054303 193563 -141609 1790306 1819306 260071 573554 1530235 1245752 X THE FOUNDATION IS THE CHARITABLE ARM OF HOUSING FIRST MINNESOTA. ITS MISSION IS TO PROVIDE SAFE, DURABLE, AFFORDABLE HOUSING FOR MINNESOTA'S HOMELESS, VETERANS AND OTHERS IN NEED. THIS IS ACCOMPLISHED BY PARTNERING WITH LOCAL SERVICE PROVIDERS AND BUILDING PROFESSIONALS TO BUILD NEW HOMES AND REHABILITATE EXISTING HOUSING. 0 0 844992 0 0 COMMUNITY BUILD PROJECTS-HOUSING FOR HEROES THE FOUNDATION FUNDED FOUR COMMUNITY BUILD PROJECTS WITH BUILD PARTNER LENNAR FOR THE MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) TO SERVE AS SUPPORTIVE HOUSING FOR VETERANS AND THEIR FAMILIES EXPERIENCING HOMELESSNESS. THESE NEW CONSTRUCTION FOUR-BEDROOM HOMES LOCATED IN NORTH MINNEAPOLIS WILL PROVIDE HOUSING FOR APPROXIMATELY 40 VETERANS ON AN ANNUAL BASIS. EACH PROJECT INCLUDES AN ACCESSORY DWELLING UNIT TO PROVIDE ADDED HOUSING FLEXIBILITY AND MAXIMIZE USE OF THE LOT. MACV OWNS THESE PROPERTIES AND PROVIDES VETERANS WITH CASE MANAGEMENT, EMPLOYMENT AND LEGAL SERVICES TO HELP THEM REGAIN CONFIDENCE AND SELF-SUFFICIENCY. THESE PROJECTS PROVIDED AN ADDITIONAL 10,000 SQUARE FEET OF SUPPORTIVE HOUSING IN THE COMMUNITY. WITH PARTICIPATION OF BUILD AND TRADE PARTNERS AND FUNDING FROM THE FOUNDATION OF $500K MACV SIGNIFICANTLY EXPANDED HOUSING CAPACITY FOR A FRACTION OF THE COST. 844992 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 24 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X TAMMI HALL 6976511954 2960 CENTRE POINTE DRIVE ROSEVILLE MN 55113 KATE HAMILTON PRESIDENT 1.50 0.00 X X 0 0 0 JIM FUSCHETTO PRESIDENT ELECT 1.50 0.00 X X 0 0 0 MEG JAEGER TREASURER 1.50 0.00 X X 0 0 0 JEREMY LARSON SECRETARY 1.50 0.00 X X 0 0 0 PAUL ROECKER IMMEDIATE PAST PRESIDENT 1.50 0.00 X 0 0 0 JODY KERN IMMEDIATE PAST PRESIDENT 1.50 0.00 X 0 0 0 BOB BENNETT DIRECTOR 1.50 0.00 X 0 0 0 SUNNY BOWMAN DIRECTOR 1.50 0.00 X 0 0 0 RICKY CHEATH DIRECTOR 1.50 0.00 X 0 0 0 AMY HENDEL DIRECTOR 1.50 0.00 X 0 0 0 KATHY RAPH MEMBER AT LARGE 1.50 0.00 X 0 0 0 SAM WICK DIRECTOR 1.50 0.00 X 0 0 0 TIM LIESTER DIRECTOR 1.50 0.00 X 0 0 0 STEVE DOBIN DIRECTOR 1.50 0.00 X 0 0 0 KEN OETJEN DIRECTOR 1.50 0.00 X 0 0 0 RACHEL JULKOWSKI DIRECTOR 1.50 0.00 X 0 0 0 TODD POLIFKA PAST HFM PRESIDENT 1.50 3.25 X 0 0 0 DAVID SIEGEL FORMER EXECUTIVE DIRECTOR 5.00 40.00 X 0 335203 13051 JAMES VAGLE CHIEF EXECUTIVE OFFICER 1.00 40.00 X 0 254677 21267 JANICE MEYER CHIEF OPERATING OFFICER 1.00 40.00 X 0 167429 22154 JESSICA RYAN EXECUTIVE DIRECTOR 40.00 0.00 X 0 24577 550 0 781886 57022 0 0 1 0 0 201496 125000 331060 208219 657556 38191 38191 172004 144235 27769 27769 27769 319803 201496 150615 169188 169188 24940 4950 19990 19990 912694 0 0 255138 25129 10051 4775 10303 135605 54308 26248 55049 6822 2889 1215 2718 13482 5399 2602 5481 60000 24025 11581 24394 8232 8232 8941 8941 13580 12671 909 13569 1521 11574 474 1742 587 559 596 CONSTRUCTION COSTS 450451 450451 DONATED MATERIALS AND S 280529 280529 FUNDRAISING EXPENSE 29147 29147 MISC. EXPENSES 6506 2561 1345 2600 568 568 1054303 844992 78549 130762 397629 265857 267398 22893 97362 9102 14907 1196 1196 0 0 1343204 1153523 17478 20259 1790306 1819306 260071 523104 50450 260071 573554 X 1530235 1245752 1530235 1245752 1790306 1819306 -141609 -309591 166717 0 X 0 1 X 1 0 X 662887 499714 655872 513940 657556 2989969 662887 499714 655872 513940 657556 2989969 137902 2852067 114 85272 38191 123577 26035 174297 189178 389510 13314 13157 1477 99 28047 3531103 0.80770 0.88620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 13,314. 2019 AMOUNT: $ 13,157. 2020 AMOUNT: $ 1,477. 2021 AMOUNT: $ 99. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1196 1196 0 0 X 925385 -309591 166717 155565 12691 912694 0 912694 1209868 155565 155565 1054303 0 1054303 PART X, LINE 2: THE FOUNDATION IS INCORPORATED AS A NONPROFIT CORPORATION UNDER THE APPLICABLE LAWS OF THE STATE OF MINNESOTA. THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF 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. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S TAX RETURN IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES GALA 314941 83897 231044 6927 49211 2068 40357 PARADE DREAM HOMES 117599 117599 18639 2 88759 88759 1714 16430 9560 5709 521299 201496 319803 1714 23357 58771 2068 64705 150615 169188 24940 4950 0 24940 4950 4950 19990 0 0 0 0 TAMMI HALL 2960 CENTRE POINTE DRIVE ROSEVILLE MN 55113 0 0 X X 1 0 0 0 0 0 0 0 0 DAVID SIEGEL FORMER EXECUTIVE DIRECTOR 0 109376 0 15000 0 210827 0 6084 0 6967 0 348254 0 0 JAMES VAGLE CHIEF EXECUTIVE OFFICER 0 226677 0 28000 0 0 0 12546 0 8721 0 275944 0 0 JANICE MEYER CHIEF OPERATING OFFICER 0 154429 0 13000 0 0 0 8371 0 13783 0 189583 0 0 PART I, LINE 4A DAVID SIEGEL, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE AGREEMENT IN THE CURRENT YEAR OF $210,827 FROM BUILDERS ASSOCIATION OF THE TWIN CITIES. X BUILDING MATERIALS 57 113812 FMV PROVIDED BY DONO X SPECIAL EVENT AUCTION DONATIONS 66 82397 FMV PROVIDED BY DONO X CONTRIBUTION COUNT 1 11961 FMV PROVIDED BY DONO 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 A RELATED ENTITY EMPLOYS THE EXECUTIVE DIRECTOR FOR THE FOUNDATION. THE FOUNDATION RELIES ON THE RELATED ENTITY FOR MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE MEMBER OF THE ORGANIZATION. THAT MEMBER SHALL HAVE VOTING RIGHTS, WHICH ENTITLE THE MEMBER TO REMOVE DIRECTORS AND OFFICERS OF THE ORGANIZATION AND TO VOTE ON ALL OTHER MATTERS WHICH REQUIRE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DOES NOT HAVE ANY COMMITTEES TO ACT ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AT THE FIRST REGULARLY SCHEDULED MEETING AFTER THE COMPLETED FORM IS AVAILABLE AND BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, BOARD AND COMMITTEE MEMBERS SHALL FORWARD THEIR COMPLETED AND SIGNED CONFLICT OF INTEREST AND DISCLOSURE STATEMENTS TO THE EXECUTIVE DIRECTOR WHO SHALL PREPARE DISCLOSURE SUMMARIES FOR THE PRESIDENT. AS EVENTS WARRANT, AND TO THE EXTENT POSSIBLE, THE PRESIDENT SHALL DISCLOSE APPARENT REPORTED CONFLICTS TO THE EXECUTIVE BOARD OR THE BOARD OF DIRECTORS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER CONFLICT OF INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE MINUTES OF THE BOARD AND ALL COMMITTEES SHALL CONTAIN - -THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A POTENTIAL CONFLICT OF INTEREST, THE NATURE OF THE CONFLICT, AND ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. -THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY EXECUTIVE DIRECTOR OF HOUSING FIRST MINNESOTA AND FOUNDATION EXECUTIVE COMMITTEE UTILIZING MSAE AND ASAE PUBLISHED SALARY DATA, DOCUMENTED IN A WRITTEN REVIEW. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY THE HOUSING FIRST MINNESOTA EXECUTIVE BOARD COMPENSATION COMMITTEE. THE COMMITTEE USES MSAE COMPENSATION AND BENEFITS AND ASAE DATA AND MAINTAINS A WRITTEN REVIEW. BOTH PROCESSES WERE LAST REVIEWED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. BUILDERS ASSOCIATION OF THE TWIN CITIES 2960 CENTRE POINT DRIVE ROSEVILLE MN 55113 411363969 HELPING OUR MEMBERS BUILD THEIR BUSINESSES THROUGH MARKETING, ADVOCACY AND I MN 501(C)(6) N/A N/A 0 HOUSING FIRST NETWORK 2960 CENTRE POINT DRIVE ROSEVILLE MN 55113 411802616 ELEVATE HOME BUILDING INDUSTRY MN 501(C)(4) N/A BUILDERS ASSOCIATION OF THE TWIN CITIES 1 HOUSING FIRST FUND 2960 CENTRE POINT DRIVE ROSEVILLE MN 55113 320474500 INDEPENDENT EXPENDITURES MN 527 N/A HOUSING FIRST NETWORK 1 HOUSING AFFORDABILITY INSTITUTE 2960 CENTRE POINT DRIVE ROSEVILLE MN 55113 830734361 EDUCATION AND RESEARCH MN 501(C)(3) N/A BUILDERS ASSOCIATION OF THE TWIN CITIES 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 HOUSING FIRST MINNESOTA C 125000 FMV HOUSING FIRST MINNESOTA N 60000 FMV HOUSING FIRST MINNESOTA O 181038 FMV