2023-11-06T13:46:14-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-01-01 411836919 GREATER MINNESOTA HOUSING FUND GREA 6512211997 332 MINNESOTA STREET 1650W ST PAUL MN 55101 ANDREA BRENNAN PRESIDENT/CEO 6512211997 2023-11-04 1 ANDREA BRENNAN 999009999 0 SARAH HINTZ P00492291 3037795710 2023-11-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREA BRENNAN 332 MINNESOTA STREET 1650W ST PAUL MN 55101 100906646 0 X WWW.GMHF.COM X 1996 MN SUPPORTING THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN GREATER MINNESOTA. 15 15 32 15 0 0 12567187 14314340 5622395 9378000 912382 1350772 68089 0 19170053 25043112 629903 1411700 0 0 3113600 4122848 0 0 0 5133552 6905747 8877055 12440295 10292998 12602817 209115546 217893047 101452683 102853054 107662863 115039993 X PLEASE SEE SCHEDULE O.FOUNDED IN 1996 BY THE MCKNIGHT FOUNDATION AND BLANDIN FOUNDATION, GREATER MINNESOTA HOUSING FUND (GMHF) IS A 501 (C)(3) NONPROFIT, CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WITH THE MISSION OF SUPPORTING THE CREATION OF STRONG COMMUNITIES AND AFFORDABLE HOMES BY MAKING STRATEGIC INVESTMENTS AND FORMING EFFECTIVE PARTNERSHIPS. GMHF PROVIDES LOANS, GRANTS AND INVESTMENTS FOR THE CREATION AND PRESERVATION OF MULTIFAMILY RENTAL HOUSING AND SINGLE-FAMILY HOMES, AS WELL AS MISSION-RELATED PROGRAM SERVICES SUCH AS CAPACITY-BUILDING TECHNICAL ASSISTANCE AND GRANT MAKING. GMHF OPERATES EDUCATIONAL PROGRAMS, CONDUCTS RESEARCH AND PROGRAM DEVELOPMENT ON AFFORDABLE HOUSING CHALLENGES AND OPPORTUNITIES, CONDUCTS DEMONSTRATION PROJECTS, PILOTS NEW PROGRAMS AND PRODUCTS, ADVOCATES FOR SYSTEMS CHANGE, AND PROMOTES INCREASED LEVELS OF PUBLIC AND PRIVATE SUPPORT FOR THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN MINNESOTA. 0 0 6464952 0 7622113 AFFORDABLE HOUSING LENDING: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF AFFORDABLE HOUSING LENDING.GREATER MINNESOTA HOUSING FUND (GMHF) OPERATES A REVOLVING LOAN FUND AND ANNUALLY PROVIDES BETWEEN $80 MILLION AND $100 MILLION IN A VARIETY OF LOANS TO ASSIST AFFORDABLE HOUSING DEVELOPMENT ORGANIZATIONS CREATE OR PRESERVE APPROXIMATELY 1,000 PERMANENTLY AFFORDABLE MULTIFAMILY AND SINGLE-FAMILY HOMES. GMHF PROVIDES LOW-COST LOANS FOR PLANNING AND PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION, REHABILITATION, TAX INCREMENT AND EQUITY-BRIDGE FINANCING, FIRST MORTGAGE LOANS, AND WORKING CAPITAL ENTERPRISE LEVEL LOANS FOR QUALIFIED AFFORDABLE HOUSING DEVELOPMENT ORGANIZATIONS. THESE LOANS ENSURE AFFORDABLE HOUSING DEVELOPERS HAVE THE CAPITAL NECESSARY TO UNDERTAKE HIGH-PRIORITY MULTIFAMILY AND SINGLE-FAMILY AFFORDABLE HOUSING REAL ESTATE DEVELOPMENTS IN COMMUNITIES THROUGHOUT MINNESOTA. 870592 0 1360272 AFFORDABLE HOUSING INVESTING ACTIVITIES: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF NOAH IMPACT FUND LLC (NIF) AND MINNESOTA EQUITY FUND (MEF).NOAH IMPACT FUND LLC (NIF), A WHOLLY OWNED MINNESOTA NOT FOR PROFIT LIMITED LIABILITY COMPANY, WAS ORGANIZED ON JUNE 1, 2017 WITH THE MISSION OF PRESERVING EXISTING UNSUBSIDIZED CLASS B AND C OLDER AFFORDABLE RENTAL HOUSING AT RISK OF LOSS DUE TO AGE OR CONVERSION TO LUXURY HOUSING. PRESERVATION ACTIVITIES OF NOAH IMPACT FUND LLC ARE DESIGNATED TO FURTHER THE CHARITABLE PURPOSES OF ITS PARENT AFFILIATE, GMHF, BY PRESERVING THE AFFORDABILITY OF UNSUBSIDIZED RENTAL HOUSING STOCK, ENSURING PROPERTY OWNERS ACCEPT SECTION 8 AND OTHER RENTAL ASSISTANCE VOUCHERS, AND AVOID DISPLACEMENT OF CURRENT RESIDENTS. NOAH IMPACT FUND RAISED $32.5 MILLION IN SOCIAL IMPACT CAPITAL FOR NOAH POOL I LLC, ORGANIZED JUNE 1, 2017, WITH INVESTMENTS FROM SOCIAL IMPACT FUNDERS INCLUDING FINANCIAL INSTITUTIONS, LOCAL AND STATE GOVERNMENT AGENCIES, AND PHILANTHROPY. NOAH POOL I HAS INVESTED $23.4 MILLION TO PRESERVE THE AFFORDABILITY OF BETWEEN 600 AND 650 RENTAL UNITS AT RISK OF BEING UPSCALED WHICH WOULD HAVE RESULTED IN SIGNIFICANT RENT INCREASES AND DISPLACEMENT OF LOW-INCOME TENANTS.MINNESOTA EQUITY FUND, A NON-PROFIT SUBSIDIARY OF GMHF, WAS CREATED IN 2011 TO ASSEMBLE PRIVATE EQUITY CAPITAL FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE RENTAL HOUSING THROUGH THE SYNDICATION OF FEDERAL LOW-INCOME HOUSING TAX CREDITS (LIHTC). THROUGH THE END OF 2022, MEF HAS FACILITATED THE INVESTMENT OF OVER $250 MILLION IN LIHTC EQUITY CAPITAL FOR PROJECTS IN MINNESOTA AND OTHER STATES THROUGH MULTI-INVESTOR AND SINGLE INVESTOR FUNDS. AS OF THE END OF 2022, MEF HAS FACILITATED LIHTC EQUITY INVESTMENTS IN MORE THAN 2,350 NEW AND PRESERVED UNITS OF AFFORDABLE MULTIFAMILY HOUSING. IN ADDITION TO CREATING AFFORDABLE HOUSING FOR WORKFORCE FAMILIES AND INDIVIDUALS, MEF FUNDED AFFORDABLE HOUSING DEVELOPMENTS INCLUDE PERMANENT SUPPORTIVE HOUSING (PSH) FOR HOMELESS INDIVIDUALS WHO SUFFER FROM CHRONIC HEALTH PROBLEMS INCLUDING MENTAL ILLNESS, SUBSTANCE USE DISORDERS, AND MAY OTHERWISE BE HARD TO HOUSE. 2982584 1411700 395615 AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF GMHF'S AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE.IN ADDITION TO LENDING, GREATER MINNESOTA HOUSING FUND DELIVERS A VARIETY OF TECHNICAL ASSISTANCE AND GRANTMAKING ACTIVITIES AND WORKS IN CONJUNCTION WITH NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES TO ADVANCE THE DEVELOPMENT OF AFFORDABLE HOUSING SPECIAL HOUSING PROGRAMS AND INITIATIVES, CONDUCT RESEARCH AND DEVELOPMENT OF HOUSING MODELS, BUILD THE CAPACITY OF EMERGING DEVELOPERS OF COLOR, PILOT DEMONSTRATION PROJECTS, AND PROMOTE PUBLIC AND PRIVATE INVESTMENT IN AFFORDABLE HOUSING. GRANTMAKING: GMHF PROVIDES CAPACITY-BUILDING AND OPERATING GRANTS TO NONPROFIT HOUSING ORGANIZATIONS IN MINNESOTA WHO CONDUCT SPECIALIZED ACTIVITIES IN THE AREAS OF HOUSING ADVOCACY, LEGAL SERVICES, TENANT ORGANIZING, HOMEBUYER TRAINING, HOUSING RESEARCH, COMMUNITY-BASED PLANNING, CROSS-SECTOR COLLABORATION, LEGAL SERVICES, LOCAL PLANNING AND TECHNICAL ASSISTANCE, AND OTHER ACTIVITIES COMPLEMENTARY TO GMHF TO ADVANCE THE AFFORDABLE HOUSING AGENDA IN MINNESOTA.PROGRAMS: GMHF PROVIDES A SERIES OF PROGRAMS TO PROMOTE BEST PRACTICES IN THE FIELD OF AFFORDABLE HOUSING, INCLUDING (A) THE MINNESOTA HOUSING & HEALTH EQUITY INITIATIVE TO SUPPORT COLLABORATION AND INVESTMENT FOR UPSTREAM SOLUTIONS TO COMMUNITY HEALTH; (B) THE EMERGING DEVELOPERS OF COLOR INITIATIVE TO INCREASE PARTICIPATION OF BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC) DEVELOPERS IN THE AFFORDABLE HOUSING SPACE; (C) THE SMALL NOAH PROGRAM, WHICH SUPPORTS SMALL, EMERGING LANDLORDS IN ACQUIRING AND PRESERVING NATURALLY OCCURRING AFFORDABLE UNITS THROUGHOUT MINNESOTA'S RURAL AND URBAN AREAS, WITH AN EMPHASIS ON ASSISTING EMERGING BLACK, INDIGENOUS, AND PEOPLE OF COLOR WITH THEIR PARTICIPATION IN THE PRESERVATION OF AFFORDABLE HOUSING; (D) REBUILDING BETTER NEIGHBORHOODS TO PROVIDE CASE STUDIES OF MODEL PROJECTS TO INSPIRE COMMUNITIES TO DEVELOP APPROPRIATE AFFORDABLE HOUSING; (E) EMPLOYER ASSISTED HOUSING AND TECHNICAL ASSISTANCE. GMHF ALSO SERVES AS FISCAL SPONSOR FOR THE HEADING HOME MINNESOTA FUNDERS COLLABORATIVE WHOSE PURPOSE IS TO ENGAGE PHILANTHROPY IN SUPPORTING STATE AND LOCAL PLANS TO END AND PREVENT HOMELESSNESS AND GREATER PRODUCTION OF PERMANENT SUPPORTIVE HOUSING WITH SERVICES. TECHNICAL ASSISTANCE: GMHF PROVIDES DIRECT PLANNING AND TECHNICAL ASSISTANCE TO SUPPORT THE DEVELOPMENT OF AFFORDABLE HOUSING DEVELOPMENTS THAT MEET THE NEEDS OF LOW-INCOME POPULATIONS IN RURAL AND URBAN COMMUNITIES THROUGHOUT MINNESOTA. RESEARCH AND DEVELOPMENT (R&D): GMHF CONDUCTS RESEARCH ON BEST PRACTICES AND STRATEGIES IN AFFORDABLE HOUSING AND DEVELOPS DEMONSTRATION PROJECTS, AS WELL AS PILOT PROGRAMS AND INITIATIVES THAT CAN BE ADOPTED AND IMPLEMENTED STATEWIDE. 10318128 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 94 0 1 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X X KYLE LARSEN 6512211997 332 MINNESOTA STREET 1650W ST PAUL MN 55101 NANCY VYSKOCIL CHAIR 2.00 X X 0 0 0 STEPHANIE CUMMINGS VICE CHAIR 2.00 X X 0 0 0 JOSEPH ERRIGO SECRETARY/TREASURER 2.00 X X 0 0 0 JANE BARRETT DIRECTOR 2.00 X 0 0 0 MITCHELL BERG DIRECTOR 2.00 X 0 0 0 KIM BRETHEIM DIRECTOR 2.00 X 0 0 0 ROSY HJERMSTAD DIRECTOR 2.00 X 0 0 0 NATALIE JONES DIRECTOR 2.00 X 0 0 0 CHERYL KEY DIRECTOR 2.00 X 0 0 0 STEPHANIE KLINZING DIRECTOR 2.00 X 0 0 0 ANGELA LARSON DIRECTOR 2.00 X 0 0 0 EMILY LARSON DIRECTOR 2.00 X 0 0 0 TODD PRAFKE DIRECTOR 2.00 X 0 0 0 DALE ROEMMICH DIRECTOR 2.00 X 0 0 0 RICHARD ROESLER DIRECTOR 2.00 X 0 0 0 WARREN HANSON PRESIDENT/CEO 40.00 X 365339 0 76229 REBECCA MARTIN COO 40.00 X 201867 0 50006 MOHAMED OMAR CFO 40.00 X 194741 0 60337 JOHN ERRIGO DIRECTOR OF SYNDICATION 40.00 X 209836 0 54619 JOHN ROCKER DIRECTOR OF LENDING 40.00 X 194940 0 37082 ERIC MUSHLER DIRECTOR HOUSING & HELATH EQUITY 40.00 X 137774 0 53403 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLABORATIVE DIREC 40.00 X 120322 0 38630 1424819 0 370306 7 0 1 0 0 12000000 2314340 14314340 INTEREST INN. ON LOANS 531390 5388749 5388749 LOAN ORIGINATION FEES 522291 1528434 1528434 ACQUISITION FEES 522291 1066949 1066949 SPE GAIN 522291 704930 704930 ADMIN FEES 522291 415280 415280 273658 273658 9378000 1258784 1258784 75955522 75863534 91988 91988 91988 25043112 9378000 0 1350772 X 1411700 1411700 1022801 656430 366371 2243153 1657956 585197 155765 127993 27772 482620 339975 142645 218509 155716 62793 59833 59833 91733 91733 26500 26500 60172 60172 1998178 1406452 591726 17686 12604 5082 293559 209199 84360 21971 15657 6314 56869 22993 33876 2325131 2325131 18434 13137 5297 108175 77089 31086 LOAN LOSS RESERVE 1778058 1778058 PUBLIC INFORMATION 45122 45122 MISCELLANEOUS EXPENSES 4326 3083 1243 12440295 10318128 2122167 0 378332 998673 10298572 11836996 3140000 250000 93605 134444 511166 464232 26393 46934 58278638 41735429 772670 760146 131307606 158393403 4819730 3737022 209115546 217893047 1531794 1408459 100333 455868 79933 148346 86072060 90634599 13668563 10205782 101452683 102853054 X 100561085 109825857 7101778 5214136 107662863 115039993 209115546 217893047 X 12602817 -5292583 -3150 70046 X 0 1 X 1 1 1 X 7030410 437963 10484321 12567187 14314340 44834221 7030410 437963 10484321 12567187 14314340 44834221 10638768 34195453 1047847 1215284 1027386 929360 1258784 5478661 24654 69418 51176 72646 217894 50530776 26093898 0.67670 0.59030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 24,654. 2019 AMOUNT: $ 69,418. 2020 AMOUNT: $ 51,176. 2021 AMOUNT: $ 72,646. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 0 0 0 0 0 1 26500 26500 0 PART II-B, LINE 1: AS A STATEWIDE HOUSING ORGANIZATION, GMHF SEEKS TO EDUCATE POLICY MAKERS AT THE LOCAL, STATE AND FEDERAL LEVELS ABOUT AFFORDABLE HOUSING. GMHF IS INVOLVED - ALONG WITH THE FAMILY HOUSING FUND (ANOTHER AFFORDABLE HOUSING ORGANIZATION) - ADVOCATING FOR SPECIFIC AFFORDABLE HOUSING POLICIES AND PROGRAMS AT THE MINNESOTA STATE LEGISLATURE. THE COMBINED EFFORTS ALLOWS THE TWO FUNDS TO SPEAK KNOWLEDGABLY ABOUT RURAL AND URBAN AFFORDABLE HOUSING ISSUES IN MINNESOTA. 511166 464232 46934 46934 FEDERAL HOME LOAN MORTGAGES 8019520 F HOUSING LOANS, NET OF ALLOWANCES 150373883 F 158393403 LEASE LIABILITIES 205782 CIA ADVANCE 10000000 10205782 X 19760403 -5292583 -5292583 25052986 60172 -70046 -9874 25043112 12380123 0 12380123 60172 60172 12440295 PART X, LINE 2: GREATER MINNESOTA HOUSING FUND (GMHF) IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. GMHF CURRENTLY HAS NO UNRELATED BUSINESS INCOME AND IS NOT CONSIDERED A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THEREFORE, ALL CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. GREATER MINNESOTA HOUSING CORPORATION IS A WHOLLY OWNED LIMITED LIABILITY CORPORATION OF GMHF AND ALL ITS ACTIVITIES ARE INCLUDED ON THE FILINGS WITH GMHF. MEF AND NOAH IMPACT FUND LLC ARE SINGLE MEMBER LLCS AND ALL OF THEIR RESPECTIVE ACTIVITIES ARE INCLUDED ON THE FILINGS WITH THE GMHF. GMHF FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. GMHF IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IT HAS TAKEN. GMHF IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES HAVE THE RIGHT TO EXAMINE RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE DISCOUNT -70,046. 1 CORPORATION FOR SUPPORTIVE HOUSING 2801 21ST AVENUE SOUTH STE 230 MINNEAPOLIS MN 55407 133600232 501(C)(3) 20000 0 N/A N/A ORGANIZATIONAL SUPPORT ENGAGE WINONA PO BOX 455 WINONA MN 55987 822726124 501(C)(3) 150000 0 N/A N/A ORGANIZATIONAL SUPPORT PHUULANI MN AFRICAN WOMEN AGAINST VIOLENCE 121 WASHINGTON AVE N F14 MINNEAPOLIS MN 55401 813885346 501(C)(3) 50000 0 N/A N/A ORGANIZATIONAL SUPPORT CLOSE KNIT 3748 BRYANT AVE S MINNEAPOLIS MN 55409 474977811 501(C)(3) 20000 0 N/A N/A ORGANIZATIONAL SUPPORT FAMILY RISE TOGETHER 201 EAST 1ST ST SUITES 3-4 DULUTH MN 55802 464718066 501(C)(3) 50000 0 N/A N/A ORGANIZATIONAL SUPPORT HOME LINE 3455 BLOOMINGTON AVENUE MINNEAPOLIS MN 55407 411941115 501(C)(3) 55000 0 N/A N/A ORGANIZATIONAL SUPPORT HOUSING JUSTICE CENTER 110 E 31ST STREET MINNEAPOLIS MN 55408 411930525 501(C)(3) 55000 0 N/A N/A ORGANIZATIONAL SUPPORT MINNESOTA HOME OWNERSHIP CENTER 1000 PAYNE AVE SUITE 200 SAINT PAUL MN 55130 411741817 501(C)(3) 30000 0 N/A N/A ORGANIZATIONAL SUPPORT LIFE HOUSE INC 102 W 1ST STREET DULUTH MN 55802 411704840 501(C)(3) 150000 0 N/A N/A ORGANIZATIONAL SUPPORT MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVE W STE 140 ST PAUL MN 55114 411649643 501(C)(3) 20000 0 N/A N/A ORGANIZATIONAL SUPPORT THE LINK 1210 GLENWOOD AVENUE MINNEAPOLIS MN 55405 411920649 501(C)(3) 64200 0 N/A N/A ORGANIZATIONAL SUPPORT MINNESOTA COALITION FOR THE HOMELESS 555 WABASHA ST N SUITE 100 SAINT PAUL MN 55102 411601248 501(C)(3) 87500 0 N/A N/A ORGANIZATIONAL SUPPORT MINNESOTA INDIAN WOMEN'S RESOURCE CENTER 2300 15TH AVE S MINNEAPOLIS MN 55404 411500950 501(C)(3) 50000 0 N/A N/A ORGANIZATIONAL SUPPORT ALL PARKS ALLIANCE FOR CHANGE 2380 WYCLIFF ST STE 200 ST PAUL MN 55114 411386600 501(C)(3) 20000 0 N/A N/A ORGANIZATIONAL SUPPORT RED LAKE SUPPORTIVE HOUSING 24338 HWY 1 EAST PO BOX 219 RED LAKE MN 56671 371537990 501(C)(3) 50000 0 N/A N/A ORGANIZATIONAL SUPPORT DND REALTY 13060 180TH COURT NW ELK RIVER MN 55330 873497109 15000 0 N/A N/A ORGANIZATIONAL SUPPORT VISION DEVELOPMENT GROUP 3816 COLUMBUS AVE S MINNEAPOLIS MN 55407 853675418 50000 0 N/A N/A ORGANIZATIONAL SUPPORT FANETA DEVELOPMENT LLC 619 CEDAR AVE S MINNEAPOLIS MN 55454 260116176 20000 0 N/A N/A ORGANIZATIONAL SUPPORT NEW AFRICA COMMUNITY DEVELOPMENT CORPORATION 100 SOUTH 1ST STREET 2042 MINNEAPOLIS MN 55458 822465029 25000 0 N/A N/A ORGANIZATIONAL SUPPORT RIVERFRONT DEVELOPMENT PARTNERS 4816 NICOLETT AVENUE MINNEAPOLIS MN 55419 820886909 50000 0 N/A N/A ORGANIZATIONAL SUPPORT ARRA PROPERTIES 2542 17TH AVE SOUTH MINNEAPOLIS MN 55404 471350299 30000 0 N/A N/A ORGANIZATIONAL SUPPORT AMANI CONSTRUCTION & DEVELOPMENT 7308 ASPEN LANE N SUITE 101 BROOKYN PARK MN 55428 464051396 50000 0 N/A N/A ORGANIZATIONAL SUPPORT WATCHMAN 3121 LLC 8525 EDINBROOK CROSSING SUITE 111 BROOKYN PARK MN 55443 881898645 50000 0 N/A N/A ORGANIZATIONAL SUPPORT BELL LOFTS REDEVELOPMENT 2015 LOWRY AVE N MINNEAPOLIS MN 55411 411768558 65000 0 N/A N/A ORGANIZATIONAL SUPPORT AUMUR DEVELOPMENT GROUP 770 JUNO AVENUE SAINT PAUL MN 55102 882802258 25000 0 N/A N/A ORGANIZATIONAL SUPPORT MINNESOTA HOUSING FINANCE AGENCY 400 WABASHA ST N 400 ST PAUL MN 55102 411599130 GOVERNMENT 155000 0 N/A N/A ORGANIZATIONAL SUPPORT 16 10 PART I, LINE 2: THE ORGANIZATION REQUIRES ANY GRANTEE TO SUBMIT ANNUAL WRITTEN REPORTS ON THE USE OF THE FUNDS PROVIDED BY GMHF OVER THE COURSE OF THE TERM OF THE GRANT (GENERALLY ONE YEAR). X X 0 1 0 0 0 0 0 0 0 WARREN HANSON PRESIDENT/CEO 365339 0 0 0 0 0 60500 0 15729 0 441568 0 0 0 JOHN ERRIGO DIRECTOR OF SYNDICATION 209836 0 0 0 0 0 21234 0 33385 0 264455 0 0 0 MOHAMED OMAR CFO 194741 0 0 0 0 0 22538 0 37799 0 255078 0 0 0 REBECCA MARTIN COO 201867 0 0 0 0 0 23221 0 26785 0 251873 0 0 0 JOHN ROCKER DIRECTOR OF LENDING 194940 0 0 0 0 0 21317 0 15765 0 232022 0 0 0 ERIC MUSHLER DIRECTOR HOUSING & HELATH EQUITY 137774 0 0 0 0 0 14037 0 39366 0 191177 0 0 0 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLA 120322 0 0 0 0 0 12383 0 26247 0 158952 0 0 0 PART I, LINE 4B A $30,000 CONTRIBUTION WAS MADE TO A 457(F) PLAN FOR WARREN HANSON. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF FIVE MEMBERS OF THE BOARD OF DIRECTORS AS DESIGNATED BY THE FULL BOARD. THE EXECUTIVE COMMITTEE HAS THE FULL AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE FULL BOARD AND CONDUCTS THE ANNUAL REVIEW AND COMPENSATION OF THE PRESIDENT/CEO. FORM 990, PART VI, SECTION A, LINE 2 JOHN ERRIGO AND JOSEPH ERRIGO - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE CFO (AND STAFF) AND THE COO WILL REVIEW THE DRAFT COPY OF THE FORM 990. ONCE THIS REVIEW IS COMPLETE THE FINANCE COMMITTEE WILL REVIEW THE DRAFT COPY OF THE FORM 990 AND DISCUSS ANY QUESTIONS OR CHANGES. THE BOARD OF DIRECTORS WILL ACT ON THE RECOMMENDATION OF THE FINANCE COMMITTEE FOR APPROVAL OF THE FORM 990 TO FILE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE COMPLETED ANNUALLY BY THE ORGANIZATION'S OFFICERS AND BOARD MEMBERS. CONFLICT OF INTEREST DISCLOSURE IS A STANDING AGENDA ITEM AT THE START OF EACH BOARD AND COMMITTEE MEETING. CONFLICT DETERMINATIONS ARE MADE BY THE BOARD CHAIR. BOARD MEMBERS WITH A CONFLICT DO NOT VOTE ON THE CONFLICTING MATTER, AND MAY OR MAY NOT PARTICIPATE IN DISCUSSION OF THE MATTER AS DECIDED BY THE BOARD MEMBERS NOT IN CONFLICT. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEW AND COMPENSATION OF PRESIDENT/CEO IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING APPROPRIATE COMPARABILITY DATA. AS PART OF THE ANNUAL REVIEW, THE EXECUTIVE COMMITTEE RECOMMENDS THE SALARY FOR THE NEXT CALENDAR YEAR. DETERMINATION OF COMPENSATION IS CONVEYED BY THE BOARD CHAIR TO THE PRESIDENT/CEO AND EXECUTIVE ASSISTANT VIA EMAIL FOR RECORD KEEPING. THIS PROCESS WAS LAST UNDERTAKEN IN 2022 FOR THE PRESIDENT/CEO. THE COMPENSATION OF OTHER OFFICERS AND STAFF IS DETERMINED BY AN ANNUAL REVIEW OF PERFORMANCE AND OTHER CONSIDERATIONS BY THEIR MANAGER. THE PRESIDENT/CEO REVIEWS AND APPROVES ALL PERFORMANCE REVIEWS USING APPROPRIATE COMPARABILITY DATA. THIS PROCESS IS COMPLETED ON EACH EMPLOYEE'S ANNIVERSARY DATE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE ON ITS WEBSITE AND UPON REQUEST; THE ORGANIZATION'S GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,220,244. MANAGEMENT AND GENERAL EXPENSES 221,120. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,441,364. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 186,208. MANAGEMENT AND GENERAL EXPENSES 370,606. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 556,814. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE DISCOUNT 70,046. NOAH IMPACT FUND LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55101 821028056 HOUSING MN 432970 565315 GREATER MINNESOTA HOUSING FUND NOAH POOL I LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55101 821028425 HOUSING MN 1523999 28739106 NOAH POOL I OPERATING MEMBERS HOUSING IMPACT FUND I LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55102 474780262 HOUSING MN 0 0 GREATER MINNESOTA HOUSING CORPORATION MINNESOTA EQUITY FUND LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55102 454730593 HOUSING MN 0 0 GREATER MINNESOTA HOUSING FUND HOUSING IMPACT FUND - FOUNTAIN TERRACE LLC 345 ST PETER ST SUITE 1600 ST PAUL MN 55102 474700520 HOUSING MN HOUSING IMPACT FUND I LLC RELATED 0 0 0.90000 GREATER MINNESOTA HOUSING CORPORATION 332 MINNESOTA ST SUITE 1201E ST PAUL MN 55101 753209894 HOUSING MN GREATER MINNESOTA HOUSING FUND C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0