2023-11-08T11:07:20-06:00 2022-12-31 341873282 CBIZ MHM LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2022-01-01 411658654 METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS METR 6127897337 3137 CHICAGO AVENUE S MINNEAPOLIS MN 55407 TRISH DEANDA CHIEF FINANCIAL OFFICER 6127897337 2023-10-08 1 TRISH DEANDA 999009999 0 BRUCE THIEL P00526510 6123397811 2023-10-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELENA GAARDER 3137 CHICAGO AVENUE S MINNEAPOLIS MN 55407 5078313 0 X WWW.MCCDMN.ORG X 1989 MN WORK TO BUILD STRONG COMMUNITIES BY LEVERAGING RESOURCES FOR THE DEVELOPMENT OF PEOPLE AND PLACES. 10 10 27 40 0 0 13109430 3901028 1632003 1169558 1306 3073 5084 4654 14747823 5078313 11462163 1681627 0 0 1544199 1779177 0 0 114773 22009 476686 13028371 3937490 1719452 1140823 14565346 15001611 9712741 9008183 4852605 5993428 X TO WORK COLLECTIVELY TO BUILD STRONG, STABLE COMMUNITIES BY LEVERAGING RESOURCES FOR THE DEVELOPMENT OF PEOPLE AND PLACES. 0 0 2595132 1681627 868286 SMALL BUSINESS SUPPORT - SEE SCHEDULE O 357978 4400 MEMBER SERVICES AND ADVOCACY - SEE SCHEDULE O 349755 301526 LOAN PROGRAM - SEE SCHEDULE O 89359 SHARED OWNERSHIP 89359 3392224 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 163 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X TRISH DEANDA 6127897337 3137 CHICAGO AVENUE MINNEAPOLIS MN 55407 WILL DELANEY DIRECTOR 0.50 X 0 0 0 PERLA MAYO DIRECTOR 0.50 X 0 0 0 KATHY WETZEL-MASTEL DIRECTOR 0.50 X 0 0 0 CHRIS WILSON DIRECTOR 0.50 X 0 0 0 ASALESOL YOUNG DIRECTOR 0.50 X 0 0 0 MIKEYA GRIFFEN DIRECTOR 0.50 X 0 0 0 LAURA ZABEL BOARD CHAIR 0.50 X X 0 0 0 NASIBU SAREVA VICE CHAIR 0.50 X X 0 0 0 JIM ERCHUL TREASURER 0.50 X X 0 0 0 WARREN MCLEAN SECRETARY 0.50 X X 0 0 0 ELENA GAARDER CEO 40.00 X 162648 0 24382 TRISH DEANDA CFO 40.00 X 132179 0 6609 TYLER HILSABECK DIR OF SMALL BUSINESS DEVELOPMENT 40.00 X 114322 0 13095 409149 0 44086 3 0 1 0 0 3227031 673997 3901028 OTHER PROGRAM & SERVIC 522291 865959 865959 LOAN REVENUE 522291 299199 299199 MEMBERSHIP DUES 522291 4400 4400 1169558 3073 3073 OTHER REVENUE 522291 4654 4654 4654 5078313 1174212 0 3073 581627 581627 1100000 1100000 325818 88394 169848 67576 1133991 995003 131641 7347 48378 45536 4977 -2135 161397 135401 27556 -1560 109593 81346 23024 5223 500 395 79 26 38650 30514 6103 2033 107372 88068 18392 912 10752 7903 2849 102580 78910 18919 4751 20065 15839 3168 1058 10834 5762 5072 21407 13458 7598 351 124466 124466 25988 25988 17640 13927 2785 928 LOAN PROGRAM DIRECT EXP 62303 53364 6796 2143 MISCELLANEOUS 14338 12520 1686 132 LOAN PROGRAM AND TECHNI 3542 3542 PROVISION FOR LOAN LOSS -83751 -83751 3937490 3392224 430493 114773 6564 5186 722 656 7297104 7724383 670267 1826033 150000 273176 510246 110598 384701 108332 271246 276369 5666483 4791052 14565346 15001611 412647 338665 38500 185109 975315 168485 8286279 7660692 0 655232 9712741 9008183 X 4618676 5783626 233929 209802 4852605 5993428 14565346 15001611 1140823 0 X X 0 1 X 0 1 1 X 503665 375820 14685678 13109430 3901028 32575621 503665 375820 14685678 13109430 3901028 32575621 273068 32302553 2425 10105 4060 1306 3073 20969 32596590 8760496 0.99100 0.99250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 12000 0 0 12000 0 PART II-B, LINE 1: ON BEHALF OF OUR MEMBERS AND IN PARTNERSHIP WITH COALITIONS AT THE LOCAL AND STATE LEVEL, MCCD WORKED TO INCREASE INVESTMENTS, POLICY CHANGES AND BUILD SUPPORT FOR COMMUNITY DEVELOPMENT (AFFORDABLE HOUSING AND COMMUNITY ECONOMIC DEVELOPMENT) DURING THE 2022 LEGISLATIVE SESSION IN MINNESOTA. AS THE HEIGHT OF THE COVID-19 GLOBAL PANDEMIC BEGAN TO EASE, MCCD POLICY STAFF RETURNED TO THE MINNESOTA CAPITOL FOR SOME IN-PERSON MEETINGS AND HEARINGS. DURING THE 2022 LEGISLATIVE SESSION MCCD LED ADVOCACY EFFORTS TO INVESTMENTS IN HOUSING INFRASTRUCTURE BONDS ALONG WITH POLICY CHANGES TO BROADEN THE USE FOR HOUSEHOLDS MAKING 50% AREA MEDIAN INCOME OR LESS. MCCD ALSO LED EFFORTS TO SECURE ADDITIONAL INVESTMENTS FOR THE SMALL BUSINESS PARTNERSHIP PROGRAM (FORMERLY THE BUSINESS DEVELOPMENT COMPETITIVE GRANT PROGRAM), WHICH PROVIDES GRANTS TO NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATIONS TO PROVIDE SMALL BUSINESS TECHNICAL ASSISTANCE. WE ALSO INTRODUCED A BILL TO CREATE A NEW PROGRAM, THE COMMUNITY WEALTH BUILDING GRANT PROGRAM, TO SUPPORT COMMERCIAL SHARED OR EMPLOYEE-OWNED BUSINESSES. THIS LEGISLATION WAS WELL RECEIVED. UNFORTUNATELY, NONE OF THESE FUNDING PRIORITIES PASSED ALONG WITH MOST OTHER BILLS/PRIORITIES DUE TO THE EXTREMELY POLITICAL NATURE OF THE LEGISLATURE IN A CAMPAIGN YEAR. 0 1 X 54100 54100 256476 67267 189209 34585 15258 19327 39540 25807 13733 276369 PROGRAM LOANS RECEIVABLE 4791052 C 4791052 ADMINISTERED LOAN FUND 655232 655232 X 5078313 0 5078313 0 5078313 3937490 0 3937490 0 3937490 PART IV, LINE 2B: THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE ANOKA COUNTY HRA TO ADMINISTER A WORKING CAPITAL LOAN FUND. THE LOAN FUNDS ARE HELD IN A SEPARATE BANK ACCOUNT OF THE ORGANIZATION AND MCCD WILL ADMINISTER AND COLLECT LOANS UNTIL THE AGREEMENT IS CANCELLED. THE WORKING CAPITAL LOAN FUND BALANCE AND ACCRUED INTEREST WILL BE RETURNED, ALONG WITH COLLECTED PRINCIPAL AND INTEREST PAYMENTS, UNTIL ALL SUCH LOANS ARE PAID OFF OR CHARGED OFF. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES 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 ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. 1 ONYX COFFEEHOUSE LLC 3740 CHICAGO AVENUE MINNEAPOLIS MN 55407 882698466 10000 0 GRANT RELIEF FUNDS GOLDEN THYME COFFEE SHOP INC 934 SELBY AVENUE ST PAUL MN 55104 030602774 10000 0 GRANT RELIEF FUNDS FUTURE BUILDERS COOP CO TAKEACTION MINNESOTA EDUCATION 705 RAYMOND AVENUE 100 ST PAUL MN 55114 411635130 9600 0 GRANT RELIEF FUNDS ROOTS MIDWIFERY LLC 1901 44TH AVENUE N MINNEAPOLIS MN 55412 462294139 25000 0 GRANT RELIEF FUNDS ALLIANCE REALTY MN 1301 CLIFF ROAD E 106 BURNSVILLE MN 55337 901023727 10000 0 DEED MAIN STREET GRANT SOMALI SENIOR CENTER INC 2733 PARK AVE MINNEAPOLIS MN 55407 271168483 15000 0 DEED MAIN STREET GRANT ADVANCED MEDICAL CLINIC PA 491 UNIVERSITY AVE W SUITE B ST PAUL MN 55103 412016885 10000 0 DEED MAIN STREET GRANT WATER FOR YOU 14031 BURNHAVEN DR 106 BURNSVILLE MN 55337 262656415 10000 0 DEED MAIN STREET GRANT SRO PRODUCTIONS INC 6524 WALKER STREET 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LLC 912 EAST 24TH STREET SUITE B212 MINNEAPOLIS MN 55404 300667430 10000 0 DEED MAIN STREET GRANT BAYBAKOOL LLC 3016 29TH AVE S MINNEAPOLIS MN 55406 472251545 10000 0 DEED MAIN STREET GRANT DMS TRUCKING LLC 8609 LYNDALE AVE 213D BLOOMING PRAIRIE MN 55420 824433347 10000 0 DEED MAIN STREET GRANT CHINA KITCHEN 330 2ND AVE S STE 230 MINNEAPOLIS MN 55401 832805138 10000 0 DEED MAIN STREET GRANT DEG DEG GRILL LLC 912 EAST 24TH STREET MINNEAPOLIS MN 55404 461361334 10000 0 DEED MAIN STREET GRANT BANI CARE LLC 2607 1ST AVE S MINNEAPOLIS MN 55408 463943654 10000 0 DEED MAIN STREET GRANT BUSHRA EXPRESS LLC 1160 VEIRLING DR SUTE 333 SHAKOPEE MN 55379 831187555 10000 0 DEED MAIN STREET GRANT EMPOWERINC FITNESS 17810 8TH AVE N PLYMOUTH MN 55447 264117083 10000 0 DEED MAIN STREET GRANT KHAMISTRUCKING 1238 CIRCLE TERRACE BLVD NE COLUMBIA HEIGHTS MN 55421 834190069 10000 0 DEED MAIN STREET GRANT ALIF TRANSPORATION SERVICES LLC 2515 SOUTH 9TH STREET APT 2112 MINNEAPOLIS MN 55406 824489473 10000 0 DEED MAIN STREET GRANT CITYWIDE TRANSPORTATION & CAR SERVICES LLC 564 ASBURY ST C ST PAUL MN 55104 812231070 10000 0 DEED MAIN STREET GRANT EDDIE'S PROJECTS AND GENERAL CLEANING 3408 3H AVE S MINNEAPOLIS MN 55408 472788124 10000 0 DEED MAIN STREET GRANT MZ LOGISTICS LLC 3200 SOUTHDALE CIR 421 EDINA MN 55435 852440952 10000 0 DEED MAIN STREET GRANT DABAR TRUCKING LLC 7621 KNOX AVE S 209 RICHFIELD MN 55423 822639015 10000 0 DEED MAIN STREET GRANT MOORHEAD LOGISTICS LLC 11015 BREN RD E A218 MINNETONKA MN 55343 473385348 10000 0 DEED MAIN STREET GRANT EASTERN MASSAGE NEW 90 MAHTOMEDI AVE MAHTOMEDI MN 55115 823097172 10000 0 DEED MAIN STREET GRANT LAS ISLAS GEMELAS LLC 600 CONCORD ST N SOUTH ST PAUL MN 55075 851451027 10000 0 DEED MAIN STREET GRANT SKYLINE MARKET 2400 10TH AVE S MINNEAPOLIS MN 55404 823651830 10000 0 DEED MAIN STREET GRANT DARULHUDA CARGO LLC 515 15TH AVE SOUTH UNIT 606 MINNEAPOLIS MN 55454 824091883 10000 0 DEED MAIN STREET GRANT CAFI FASHION AND BEAUTY LLC 211 W LAKE STREET MINNEAPOLIS MN 55408 454392353 10000 0 DEED MAIN STREET GRANT ILHAM TRADING COMPANY 5017 BOONE AVENUE NORTH STE 250 NEW HOPE MN 55428 811941388 10000 0 DEED MAIN STREET GRANT CYBERTRON ATM LLC 217 COMO AVE ST PAUL MN 55103 800422905 10000 0 DEED MAIN STREET GRANT UPLIFTED FOODS LLC 3340 BROOKDALE DRIVE BROOKLYN PARK MN 55443 843687115 15000 0 DEED MAIN STREET GRANT HAZ LOGISTICS INC 1605 CLIFF RD E 102 BURNSVILLE MN 55337 850672501 10000 0 DEED MAIN STREET GRANT AJ TRANSPORT 7700 PENN AVE S A124 RICHFIELD MN 55423 470988122 10000 0 DEED MAIN STREET GRANT ALKARAMA LLC ALKARAMA CAFE 419 CEDAR AVE S SUITE G30 MINNEAPOLIS MN 55454 854253798 10000 0 DEED MAIN STREET GRANT DAFFE TRUCKING LLC 837 BIDWELL STREET WEST ST PAUL MN 55118 842927193 10000 0 DEED MAIN STREET GRANT LINE STAR CARRIER LLC 2010 EAST HENNEPIN AVE BOX 32 MINNEAPOLIS MN 55413 814929630 10000 0 DEED MAIN STREET GRANT JAMALTRANSPORT LLC 8718 134TH ST W APPLE VALLEY MN 55124 471273647 10000 0 DEED MAIN STREET GRANT DELTA TRANSPORT LLC 1415 JESSAMINE AVE W 104 ST PAUL MN 55108 830599644 10000 0 DEED MAIN STREET GRANT UUMI INTERNATIONAL LOGISTICS LLC 12442 NATIONAL ST NE BLAINE MN 55449 823109313 10000 0 DEED MAIN STREET GRANT EMERGE ENTERPRISES INC 1179 15TH AVE SE MINNEAPOLIS MN 55414 237098388 15000 0 DEED MAIN STREET GRANT AFRICAN COMMUNITY SENIOR SERVICES 2722 PARK AVE 113 MINNEAPOLIS MN 55407 270837630 10000 0 DEED MAIN STREET GRANT HG LACROSSE 701 PLYMOUTH AVE N MINNEAPOLIS MN 55411 464991812 10000 0 DEED MAIN STREET GRANT CHRIS GRAJCZYK PHOTOGRAPHY INC 2700 LOUISIANA SOUTH ST LOUIS PARK MN 55426 410988824 10000 0 DEED MAIN STREET GRANT 0 53 DEED MAIN STREET GRANT 110 1100000 PART I, LINE 2: REQUIREMENTS FOR DEED MAIN STREET GRANT THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED) OVERSAW THE MAIN STREET COVID RELIEF GRANTS PROGRAM APPROVED BY THE MINNESOTA STATE LEGISLATURE AND SIGNED BY GOV. TIM WALZ ON JUNE 30, 2021. APPLICATIONS WERE REVIEWED AND AWARDS WERE DISBURSED AND ADMINISTERED BY QUALIFIED LOCAL AND REGIONALLY BASED NONPROFIT ORGANIZATIONS. THIS PROGRAM MADE AVAILABLE $10,000 - $25,000 GRANTS TO MINNESOTAN OWNED AND OPERATED BUSINESSES THAT CAN DEMONSTRATE FINANCIAL HARDSHIP AS A RESULT OF THE COVID-19 OUTBREAK. A TOTAL $64,200,000 IS AVAILABLE FOR GRANT APPLICATIONS SELECTED FOR CONSIDERATION THROUGH A COMPUTER-GENERATED, RANDOMIZED SELECTION PROCESS. APPLICANTS THAT HAVE NOT RECEIVED ASSISTANCE THROUGH PREVIOUS RELIEF PROGRAMS WERE PRIORITIZED FOR CONSIDERATION. THESE PROGRAMS INCLUDE THE SMALL BUSINESS EMERGENCY LOAN PROGRAM, THE SMALL BUSINESS RELIEF GRANT PROGRAM, THE MOVIE THEATER AND CONVENTION CENTER RELIEF GRANT PROGRAM, AND THE COUNTY RELIEF GRANT PROGRAM. MCCD WAS ON THE OF THE QUALIFIED LOCAL AND REGIONALLY BASED NONPROFIT ORGANIZATIONS. DEED PROVIDED MCCD WITH ACCESS TO A REVIEW DATABASE FOR MCCD TO ACCESS PARTICIPANT APPLICATION INFORMATION AND REVIEW THE INFORMATION PROVIDED TO REVIEW EACH APPLICATION FOR ELIGIBILITY. THE ELIGIBILITY REQUIREMENTS WERE AS FOLLOWS: - BE PRIVATE FOR-PROFIT BUSINESS OR NON-PROFIT ORGANIZATION (THAT EARNS REVENUE IN WAYS SIMILAR TO A BUSINESS) WITH PRIMARY OPERATIONS LOCATED IN THE STATE OF MINNESOTA. - BE AT LEAST 50% OWNED BY ONE OR MORE RESIDENT(S) OF MINNESOTA. - EMPLOYEE THE EQUIVALENT OF 200 FULL-TIME WORKERS OR LESS. - BE ABLE TO DEMONSTRATE FINANCIAL HARDSHIP AS A RESULT OF THE COVID-19 OUTBREAK. - MINIMUM TOTAL SALES OR REVENUE OF AT LEAST $10,000 FOR THE 2020 OR 2019 TAX YEAR. GRANT AMOUNTS WERE DETERMINED BY THE NUMBER OF FULL-TIME EQUIVALENT (FTES) EMPLOYEES ON STAFF. THOSE AMOUNTS WERE AS FOLLOWS: $10,000 6 FTES OR LESS. $15,000 BETWEEN 7 AND 49 FTES $20,000 BETWEEN 50 AND 99 FTES $25,000 BETWEEN 100 AND 200 FTES USE OF GRANT FUNDS: GRANT FUNDS RECEIVED BY INDIVIDUAL BUSINESSES SHALL BE USED FOR WORKING CAPITAL TO SUPPORT PAYROLL EXPENSES, RENT, MORTGAGE PAYMENTS, UTILITY BILLS, AND OTHER SIMILAR EXPENSES THAT OCCUR OR HAVE OCCURRED SINCE MARCH 12, 2020, IN THE REGULAR COURSE OF BUSINESS. THESE ARE GRANTS AND NO REPAYMENT WILL BE REQUIRED. OTTO BREMER TRUST - MCCD RECEIVED A GRANT FROM THE TRUST TO PROVIDE SHORT-TERM LOAN FORGIVENESS FOR BUSINESSES AT RISK, PARTIAL LOAN FORGIVENESS FOR BUSINESSES IN CRISIS, EQUITY INJECTIONS FOR AFFORDABLE CAPITAL, AND GRANT RELIEF TO SMALL BUSINESSES. X X 0 0 0 0 0 0 0 0 0 ELENA GAARDER CEO 152648 0 10000 0 0 0 8132 0 16250 0 187030 0 0 0 FORM 990 PART III, LINE 4A SMALL BUSINESS SUPPORT: IN 2011, MCCD LAUNCHED THE OPEN TO BUSINESS PROGRAM (O2B) TO PROVIDE FORMAL, SMALL BUSINESS DEVELOPMENT SERVICES TO COMMUNITIES ACROSS THE TWIN CITIES, WITH A FOCUS ON BLACK, INDIGENOUS PEOPLE OF COLOR (BIPPOC), WOMEN, IMMIGRANTS, AND OTHER UNDERSERVED GROUPS. TODAY, THE PROGRAM WORKS IN PARTNERSHIP WITH LOCAL AND REGIONAL MUNICIPALITIES, SERVING THE SEVEN-COUNTY METRO AREA, INCLUDING THE CORE CITIES OF MINNEAPOLIS AND SAINT PAUL AND 141 SUBURBAN COMMUNITIES. MCCD HAS HAD A STRONG TRACK RECORD OF WORKING TO INCREASE THE FINANCIAL SUSTAINABILITY AND GROWTH OF BIPOC AND LOW WEALTH INDIVIDUALS AND COMMUNITIES. IN THE PAST DECADE ALONE, WE HAVE PROVIDED OVER 36,000 HOURS OF TECHNICAL ASSISTANCE TO MORE THAN 7,500 ASPIRING ENTREPRENEURS AND BUSINESS OWNERS. MCCD HAS ALSO PROVIDED DIRECT FINANCING TO OVER 525 ENTREPRENEURS, TOTALING APPROXIMATELY $18 MILLION, WHILE LEVERAGING MORE THAN $120,000,000 IN CAPITAL. O2B PROVIDES SUPPORT AND GUIDANCE TO NEW, EMERGING, AND GROWING BUSINESS OWNERS BY OFFERING ACCESS TO A HIGHLY SKILLED AND EXPERIENCED STAFF OF PROFESSIONALS TO SERVE AS ADVISORS, ADVOCATES, AND PARTNERS. OUR SERVICES ARE PROVIDED FREE OF CHARGE AND INCLUDE BUSINESS PLAN DEVELOPMENT, FEASIBILITY STUDIES, CASH FLOW AND FINANCING PROJECTIONS, MARKETING PLANS, LICENSING, FILING REQUIREMENTS, AND DEVELOPMENT AND IMPLEMENTATION OF SOUND FINANCIAL MANAGEMENT AND TRACKING SYSTEMS. MCCD HAS SOMALI, SPANISH AND HMONG LANGUAGE SPEAKERS AVAILABLE TO ASSIST CLIENTS. IN ADDITION TO THE TECHNICAL ASSISTANCE, THE O2B PROGRAM PROVIDES ACCESS TO CAPITAL, WITH A FOCUS ON THOSE COMMUNITIES WHO HAVE FACED BARRIERS TO ACCESSING THE TRADITIONAL COMMERCIAL BANKING SYSTEM. DEMAND FOR SMALL BUSINESS TECHNICAL ASSISTANCE REMAINS HIGH AS OPEN TO BUSINESS ADVISORS HAVE ASSISTED 710 CLIENT ENGAGEMENTS AND 5,018 DIRECT TECHNICAL ASSISTANCE HOURS IN 2022. FORM 990, PART III, LINE 4B MEMBER SERVICES AND ADVOCACY: STATE POLICY ADVOCACY IN 2022, MCCD CONTINUED TO ENGAGE WITH OUR MEMBERSHIP IN A MOSTLY VIRTUAL FORMAT. WE HELD MEMBERS MEETINGS ON TOPICS RANGING FROM LABOR MARKET IMPACTS ON ECONOMIC DEVELOPMENT, LOCAL REPARATIONS PROPOSALS AND PEER DISCUSSIONS/LEARNING. FOR THE FIRST TIME, MCCD CONDUCTED AN IMPACT SURVEY OF OUR MEMBERSHIP TO PROVIDE A SNAPSHOT OF THE COMMUNITY DEVELOPMENT FIELD'S IMPACT IN MINNESOTA. THE INFORMATION COLLECTED HELPED INFORM OUR ADVOCACY MESSAGING, ESPECIALLY THAT NON-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS SERVE BIPOC HOUSEHOLDS AND SMALL BUSINESSES AT FAR GREATER RATES THAN THE PRIVATE MARKET. MCCD ENGAGED WITH OUR MEMBERS BY OFFERING A VIRTUAL POLICY & ADVOCACY TRAINING WHERE PARTICIPANTS WERE ABLE TO PRACTICE CRAFTING AND ELEVATOR PITCH AND CREATING AN ADVOCACY PLAN. DURING THE 2022 LEGISLATIVE SESSION MCCD ADVOCATED ON BEHALF OF OUR MEMBERS FOR FUNDING INCREASES TO SUPPORT AFFORDABLE HOUSING AND SMALL BUSINESS ECONOMIC DEVELOPMENT, THE LEGISLATURE ENDED THE SESSION WITHOUT AGREEMENT ON SUPPLEMENTAL FUNDING FOR MANY GOVERNMENTAL AGENCIES AND PROGRAMS. MCCD ALSO SUBMITTED COMMENT LETTERS TO THE FEDERAL REGISTER REGARDING PROPOSED CHANGES TO THE COMMUNITY REINVESTMENT ACT (CRA) AND THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUND. LOCAL POLICY ADVOCACY RENT STABILIZATION MINNEAPOLIS VOTERS PASSED AN AMENDMENT TO THE CITY OF MINNEAPOLIS CHARTER, WHICH AUTHORIZED THE CITY COUNCIL TO CONSIDER A POLICY REGULATING RENT AMOUNTS FOR PRIVATE RESIDENTIAL PROPERTY. AS A RESPONSE, THE CITY COUNCIL ESTABLISHED A PROCESS FOR CREATING WORK GROUPS TO PROVIDE INPUT TO THE COUNCIL ON POLICY ISSUES. THE RENT STABILIZATION WORK GROUP WAS COMPRISED OF 25 MEMBERS INCLUDING RENTERS, PROPERTY OWNERS, DEVELOPERS, AND REPRESENTATIVES FROM DESIGNATED ORGANIZATIONS. COMMUNITY PLANNING AND DEVELOPMENT DEPARTMENT IDENTIFIED MCCD AS A RELEVANT STAKEHOLDER TO PARTICIPATE IN THIS IMPORTANT WORK. THE WORK GROUP WAS TASKED WITH DEVELOPING A POLICY FRAMEWORK THAT IDENTIFIES RECOMMENDED KEY FEATURES OF A RENT STABILIZATION POLICY FOR THE CITY OF MINNEAPOLIS. MCCD ALSO PARTICIPATED IN A SUBGROUP WITH MCCD MEMBERS AND PARTNER ORGANIZATIONS TO ENGAGE LOCAL NONPROFIT AFFORDABLE HOUSING MEMBERS AND THEIR ADDRESS CONCERNS IN THE POLICY RECOMMENDATION BEING CRAFTED BY THE WORKING GROUP. BEYOND THIS WORK, MCCD CONTINUES TO ADVOCATE FOR SUSTAINABLE RESOURCES TO BUILD AND PRESERVE DEEPLY AFFORDABLE HOUSING TO ADDRESS MINNEAPOLIS'S HOUSING INSTABILITY. EMERGING LEADERS IN COMMUNITY DEVELOPMENT EACH YEAR, MCCD HOSTS THE EMERGING LEADERS IN COMMUNITY DEVELOPMENT MENTORSHIP PROGRAM TO EQUIP EARLY-CAREER AND MID-CAREER COMMUNITY DEVELOPMENT PROFESSIONALS WITH THE KNOWLEDGE AND RELATIONSHIPS NEEDED TO BUILD A MORE EQUITABLE FUTURE. THE PROGRAM FOCUSES ON THREE KEY AREAS TO SUPPORT COMMUNITY DEVELOPMENT PROFESSIONALS AS THEY NAVIGATE THEIR CAREERS: NETWORKING, PROFESSIONAL DEVELOPMENT, AND MENTORSHIP. OVER SIX MONTHS, MENTORS SHARE THEIR KNOWLEDGE AND NETWORKS TO SUPPORT THE NEXT GENERATIONS OF LEADERS, ALLOWING MENTEES TO LEARN ABOUT DIFFERENT SPECIALTIES AND SKILLS NEEDED TO THRIVE IN THE FIELD. IN 2022, WE HAD 14 EMERGING LEADERS PARTICIPATING IN THE MENTORSHIP PROGRAM. ELCD HOSTED FOUR LEARNING AND NETWORKING SESSIONS ON AFFORDABLE HOUSING, HOUSING FINANCE, HOUSING CO-OPS, AND COMMUNITY DEVELOPMENT POLICY TO DEEPEN THEIR KNOWLEDGE OF VARIOUS TOPICS, LED BY LOCAL FIELD EXPERTS. EVENTS WERE ATTENDED BY ELCD MENTEES, MENTORS, AND OTHER COMMUNITY DEVELOPMENT PROFESSIONALS. MCCD DESIGNED A COMPREHENSIVE SERIES TO EMPOWER EMERGING LEADERS WITH ESSENTIAL KNOWLEDGE AND SKILLS ACROSS VARIOUS TOPICS. THIS SERIES COVERED KEY AREAS CRITICAL TO FOSTERING SUSTAINABLE, EQUITABLE, AND INCLUSIVE COMMUNITIES, PROVIDING ATTENDEES WITH THE TOOLS THEY NEED TO MAKE A LASTING IMPACT IN THE FIELDS. THROUGHOUT THE SERIES, MENTEES HAD THE OPPORTUNITY TO ENGAGE WITH INDUSTRY EXPERTS, PARTICIPATE IN INTERACTIVE WORKSHOPS, AND COLLABORATE WITH THEIR PEERS. BY THE END OF THE SERIES, ATTENDEES HAD A BETTER UNDERSTANDING OF HOUSING FINANCE AND DEVELOPMENT, EMERGING BIPOC DEVELOPERS' PROGRAMS, WORKER COOPERATIVES, COMMUNITY DEVELOPMENT POLICY, AND EFFECTIVE NETWORKING AND LEADERSHIP PRACTICES. EQUIPPED WITH THIS KNOWLEDGE, ATTENDEES WERE BETTER PREPARED TO DRIVE POSITIVE CHANGE IN THEIR COMMUNITIES AND SHAPE A MORE EQUITABLE AND SUSTAINABLE FUTURE FOR ALL. FORM 990, PART III, LINE 4C LOAN PROGRAM: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), MCCD PROVIDES CAPITAL TO PEOPLE WHO FACE CHALLENGES IN ACCESSING THE COMMERCIAL BANKING SYSTEM, WITH A FOCUS ON BLACK, INDIGENOUS AND PEOPLE OF COLOR (POC), WOMEN, AND LOW-WEALTH ENTREPRENEURS. MCCD HAS BEEN MANAGING AND ADMINISTERING LOAN PROGRAMS, INCLUDING PROVIDING THE REQUIRED REPORTS AND REPAYMENTS OF CAPITAL, TO FUNDERS AND LENDING PARTNERS SINCE 1989. MCCD IS CURRENTLY A LENDING PARTNER WITH SEVERAL STATE-FUNDED FUNDED PROGRAMS, AS WELL AS THE CITIES OF MINNEAPOLIS, BROOKLYN PARK, NEW BRIGHTON AND ROSEVILLE, AND ANOKA COUNTY. THE LOAN PROGRAM STRIVES TO DO THE FOLLOWING: PROVIDE PATIENT, LOW-INTEREST RATE LOANS (3-5%) TO TARGET-MARKET ELIGIBLE BUSINESSES AND COOPERATIVES, WITH A FOCUS ON BIPOC INDIVIDUALS AND OWNERS TO MITIGATE DISRUPTIONS TO OPERATIONS AND PROVIDE ACCESS TO CAPITAL. THIS ADDRESSES THE GAPS THAT EXIST WITH MANY STATE PROGRAMS AND THE LACK OF BANK LOANS GOING TO IMPACTED COMMUNITIES. WHEN NEEDED, SOME LOANS MAY OFFER INTEREST ONLY PAYMENTS FOR THE FIRST 1-2 YEARS. BY STRUCTURING OUR PRODUCTS TO MINIMIZE MONTHLY/ANNUAL DEBT EXPENSES FOR BUSINESS OWNERS, THOSE MOST IMPACTED BY THE PANDEMIC WILL HAVE A BETTER CHANCE TO STABILIZE AND GROW THEIR OPERATIONS. PROVIDE LOANS WITH A FORGIVABLE PORTION AND GRANTS TO BIPOC BUSINESSES AND COOPERATIVES IN TARGET-MARKET AREAS TO ACT AS EQUITY-TYPE INVESTMENTS TO BETTER ATTRACT AND LEVERAGE TRADITIONAL BANK FINANCING). AS MENTIONED ABOVE, THERE WERE DISPARITIES IN ACCESSING EMERGENCY FUNDING THROUGH GOVERNMENT PROGRAMS. THESE WILL PROVIDE IMMEDIATE ACCESS TO CAPITAL AND HELP BETTER POSITION BORROWERS FOR INCREASED BANK FINANCING. IN 2022, WE CLOSED 45 LOANS WITH $1,424,569 IN DIRECT LENDING, WHILE LEVERAGING AN ADDITIONAL $4,554,492 IN OUTSIDE CAPITAL, LEADING TO 40 NEW JOBS CREATED. BETWEEN 2020-2022, MCCD ADMINISTERED 4,873 IN COVID-19 SMALL BUSINESS EMERGENCY GRANTS RESULTING IN $53.0MM TO SMALL BUSINESSES. FORM 990, PART III, LINE 4D SHARED OWNERSHIP: AS A CDFI, MCCD PROVIDES VITAL SUPPORT TO BUSINESSES ACROSS THE ENTIRE OWNERSHIP SPECTRUM, SPANNING MICRO-ENTERPRISES TO WORKER COOPERATIVES, FROM THEIR INCEPTION THROUGH THE VARIOUS STAGES OF GROWTH AND MATURITY. IN 2021, WE LAUNCHED AN EFFORT TO SUPPORT SHARED OWNERSHIP MODELS, INCLUDING EMPLOYEE OWNERSHIP, COOPERATIVES, AND COMMERCIAL LAND TRUSTS. THESE MODELS HAVE DEMONSTRATED SUCCESS IN BUILDING COMMUNITY WEALTH, YET THERE ARE LIMITED RESOURCES AVAILABLE. MCCD'S SHARED OWNERSHIP PROGRAMS PROVIDE SPECIALIZED TECHNICAL ASSISTANCE SERVICES, TAILORED CAPITAL TOOLS, AND SUPPORT NETWORKS TO FILL THE GAP IN THE SMALL BUSINESS ECOSYSTEM. IN 2022, MCCD ACCOMPLISHED THE FOLLOWING: PROVIDED COOPERATIVE BUSINESS ADVISING SERVICES TO 5 WORKER COOPERATIVES, INCLUDING 4 HOME CARE COOPS, AND 1 CONSTRUCTION COOPERATIVE. IN TOTAL, WE ARE SUPPORTING 25 BIPOC AND LOW-WEALTH INDIVIDUALS IN THEIR PURSUIT OF BUSINESS OWNERSHIP. CONTRACTED TO ADMINISTER $1 MILLION IN ARPA FUNDS IN PARTNERSHIP WITH THE STATE'S DEPARTMENT OF HUMAN SERVICES FOR A EMPLOYEE-OWNED HOME AND COMMUNITY-BASED SERVICES COOPERATIVES. THE PROGRAM PROVIDES $90,000 IN GRANT FUNDS EACH TO 10 HOME CARE COOPERATIVES. ORGANIZED A HALF-DAY TRAINING ON HOUSING COOPERATIVES WHICH BROUGHT TOGETHER 25 CONSORTIUM MEMBERS, COMMUNITY GROUPS, PUBLIC SECTOR STAFF AND HOUSING PRACTITIONERS. FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS OF THE METROPOLITAN CONSORTIUM ARE TWIN CITIES BASED NON-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE METROPOLITAN CONSORTIUM ARE TWIN CITIES BASED NON-PROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS. THE MEMBER ORGANIZATIONS ELECT THE BOARD OF DIRECTORS (THE GOVERNING BODY). TO BE ELIGIBLE FOR ELECTION, THE CANDIDATE MUST BE THE EXECUTIVE DIRECTOR OF ONE OF OUR MEMBER ORGANIZATIONS. BEYOND ELECTION, THE MEMBERSHIP AT LARGE HAS NO APPROVAL ROLE OF BOARD DECISIONS (THOUGH THEIR INPUT IS SOUGHT THRU SEVERAL COMMITTEES THAT REPORT TO THE BOARD- FINANCE COMMITTEE, ECONOMIC DEVELOPMENT COMMITTEE, HOUSING COMMITTEE.) WHILE SOME MEMBERS DO PARTICIPATE IN PROGRAMS/GRANTS WITH MCCD THAT MAY RESULT IN COMPENSATION, THE MEMBERSHIP AT LARGE DOES NOT RECEIVE ANY SHARE OF EXCESS ASSETS (NOR ARE THEY RESPONSIBLE FOR SHORTFALLS). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS SUBMITTED TO EACH MEMBER OF THE GOVERNING BOARD ELECTRONICALLY. AS THE BOARD ONLY MEETS ON A QUARTERLY BASIS, BOARD MEMBERS ARE ASKED TO REVIEW INDIVIDUALLY AND EITHER SUBMIT A VOTE FOR APPROVAL, OR VOCALIZE ANY QUESTIONS OR OBJECTIONS. IF THERE ARE NO OBJECTIONS OR UNANSWERABLE QUESTIONS, STAFF FILES THE FORM AS SUBMITTED. IF MEMBERS OF THE BOARD OBJECT, OR DEEM FURTHER DISCUSSION NECESSARY, THE FORM IS TABLED TO BE PRESENTED AND REVIEWED AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S POLICY REGARDING CONFLICT OF INTEREST IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BOARD ON AN ANNUAL BASIS. THE POLICY GOVERNS ANY CONTRACT OR TRANSACTION WITH (A) ONE OR MORE OF ITS DIRECTORS, (B) A DIRECTOR OF A RELATED ORGANIZATION, OR (C) AN ORGANIZATION IN OR OF WHICH A DIRECTOR OF ORGANIZATION IS A DIRECTOR, OFFICER, OR LEGAL REPRESENTATIVE, OR IN SOME OTHER WAY HAS A MATERIAL FINANCIAL INTEREST. MEMBERS OF THE BOARD ARE ASKED TO SIGN AND RETURN A STATEMENT WARRANTING THAT THEY UNDERSTAND THE POLICY, AND AGREE TO COMPLIANCE. FOR ANY TRANSACTION WHICH IS DEEMED BY A MEMBER OF THE BOARD TO BE A CONFLICT OF INTEREST, THAT INTERESTED DIRECTOR MUST DISCLOSE THE CONFLICT, AND IS BARRED FROM VOTING ON THE MATTER. THE DIRECTOR MAY BE PRESENT DURING DISCUSSION FOR QUESTIONING, BUT MAY NOT EXPRESSLY ADVOCATE FOR THE ACTION, AND MUST LEAVE THE ROOM PRIOR TO A VOTE. ANY FINANCIAL TRANSACTION FOR WHICH THERE IS A POTENTIAL CONFLICT OF INTEREST MUST BE EXPRESSLY RATIFIED BY A MAJORITY OF THE BOARD- NOT COUNTING THE INTERESTED DIRECTOR, AT A MEETING WHERE QUORUM IS PRESENT- NOT COUNTING THE INTERESTED DIRECTOR. FOR ANY SUCH MEETING, MINUTES WILL BE KEPT, AND CLEARLY REFLECT THAT ALL REQUIREMENTS OF THE POLICY HAVE BEEN ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS SET BY THE EXECUTIVE COMMITTEE AND IS APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR SETS THE SALARIES OF OTHER OFFICERS AND KEY STAFF MEMBERS. THE ORGANIZATION USES THE MINNESOTA COUNCIL OF NON-PROFIT'S SALARY SURVEY AS A GUIDE TO COMPARABLE MARKET SALARIES. THE DELIBERATION PROCESS AND DECISION OF THE COMPENSATION ARRANGEMENT IS DOCUMENTED IN THE EMPLOYEE'S REVIEW DOCUMENTS. THIS PROCESS FOR THE EXECUTIVE DIRECTOR WAS LAST UNDERTAKEN IN JANUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 MCCD MAKES ITS FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC IN 2 FORMS: COPIES OF THE ORGANIZATION'S AUDIT ARE AVAILABLE BY REQUEST, AND THE ORGANIZATION PUBLISHES AN ANNUAL REPORT. THE ANNUAL REPORT INCLUDES FINANCIAL STATEMENTS, AS WELL AS PROGRAM UPDATES AND PRIOR YEAR RESULTS AND IMPACTS. THE ANNUAL REPORT IS AVAILABLE IN PRINT AND ELECTRONICALLY, AND DISTRIBUTED TO A MAILING LIST OF MEMBERS, SUPPORTERS AND FUNDERS. HARD COPIES ARE ALSO AVAILABLE IN THE ORGANIZATION'S LOBBY FOR VISITORS. MCCD'S ORGANIZATIONAL DOCUMENTS, INCLUDING ARTICLES OF INCORPORATION, BYLAWS, AND CONFLICT OF INTEREST POLICY, ARE AVAILABLE FOR INSPECTION, BY REQUEST, IN THE ORGANIZATION'S OFFICES LOCATED AT 3137 CHICAGO AVE, MINNEAPOLIS. FORM 990 PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OF THE AUDIT NOR ITS SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. ST PAUL COALITION FOR COMMUNITY DEVELOPM 3137 CHICAGO AVE SOUTH MINNEAPOLIS MN 55407 411677079 COMMUNITY DEV MN 501 (C)(3) LINE 10 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0