2024-11-11T11:41:06-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-01-01 411836919 GREATER MINNESOTA HOUSING FUND GREA 6512211997 332 MINNESOTA STREET 1650W ST PAUL MN 55101 ANDREA BRENNAN PRESIDENT/CEO 6512211997 2024-11-08 1 1 SARAH HINTZ P00492291 3037795710 2024-11-04 2023 2024-10-15 13:58:12Z ANDREA BRENNAN 332 MINNESOTA STREET 1650W ST PAUL MN 55101 94600704 0 1 X WWW.GMHF.COM X 1996 MN SUPPORTING THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN GREATER MINNESOTA. 13 13 34 15 0 0 14314340 13314955 9378000 5922877 1350772 1905083 0 0 25043112 21142915 1411700 1320007 0 0 4122848 4770532 0 0 0 6905747 4589414 12440295 10679953 12602817 10462962 217893047 236535724 102853054 108235790 115039993 128299934 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 5300575 3007284 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. 2193522 1320007 391467 AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF GMHF'S AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE.MORE THAN JUST A LENDER, GREATER MINNESOTA HOUSING FUND IS KNOWN FOR ITS INNOVATION AND CREATIVE APPROACHES TO MINNESOTA'S AFFORDABLE HOUSING CHALLENGES:GRANTMAKING: GMHF AWARDS GRANTS TO A VARIETY OF INDIVIDUALS AND ORGANIZATIONS ACROSS THE STATE THAT ADVANCE THE GMHF PROGRAMS DESCRIBED BELOW AND FOR STRATEGIC AND SPECIALIZED OPPORTUNITIES SUCH AS AFFORDABLE HOUSING ADVOCACY, LEGAL SERVICES, TENANT ORGANIZING, HOMEBUYER AND DEVELOPER TRAINING, HOUSING RESEARCH, COMMUNITY-BASED PLANNING, CROSS-SECTOR COLLABORATION, LOCAL PLANNING, TECHNICAL ASSISTANCE, AND OTHER ACTIVITIES TO ADVANCE THE AFFORDABLE HOUSING AGENDA IN MINNESOTA.PROGRAMS AND INITIATIVES: GMHF IMPLEMENTS A SERIES OF PROGRAMS TO PROMOTE BEST PRACTICES IN THE AFFORDABLE HOUSING FIELD, INCLUDING:(A)EMERGING DEVELOPERS OF COLOR PROGRAM SUPPORTS BIPOC INDIVIDUALS AND BIPOC-LED ORGANIZATIONS IN THEIR GROWTH AS AFFORDABLE HOUSING DEVELOPERS WITH GRANT FUNDING, TECHNICAL ASSISTANCE, AND TRAINING;(B)HOUSING & HEALTH EQUITY INITIATIVE LINKS HEALTHCARE PARTNERS WITH THE HOUSING COMMUNITY TO CREATE INVESTMENT AND INNOVATIVE HOUSING SOLUTIONS;(C)RURAL AND TRIBAL CAPACITY BUILDING WORKS TO SERVE HOUSING DEVELOPMENT IN GREATER MN WITH TECHNICAL ASSISTANCE, GRANT FUNDING, RESOURCE MATCHING, AND POLICY AND PROGRAMMATIC ADVOCACY;(D)GREEN LENDING INITIATIVE SUPPORTS THE ELECTRIFICATION AND DECARBONIZATION OF EXISTING AND NEW AFFORDABLE HOUSING WITH PILOT PROJECTS, TECHNICAL ASSISTANCE, RESOURCE MATCHING, GRANT FUNDING, FINANCING, AND POLICY AND PROGRAMMATIC ADVOCACY;(E)SMALL NOAH PROGRAM 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.GMHF 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.RESEARCH AND DEVELOPMENT: 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. 878063 2524126 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 LOST AFFORDABILITY DUE TO UPSCALING BY INVESTORS. NIF'S ACTIVITIES ARE DESIGNED 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 PREVENTING THE DISPLACEMENT OF CURRENT RESIDENTS. NIF RAISED $32.5 MILLION IN SOCIAL IMPACT CAPITAL FOR NOAH POOL I LLC (NP1), CLOSED ON JUNE 1, 2017, WITH INVESTMENTS FROM SOCIAL IMPACT FUNDERS INCLUDING FINANCIAL INSTITUTIONS, LOCAL AND STATE GOVERNMENT AGENCIES, AND PHILANTHROPY. NP1 DEPLOYED $30.6 MILLION TO PRESERVE THE AFFORDABILITY OF 701 RENTAL UNITS AT RISK OF BEING UPSCALED WHICH WOULD HAVE RESULTED IN SIGNIFICANT RENT INCREASES AND DISPLACEMENT OF LOW-INCOME TENANTS. NIF'S ACTIVITIES WERE PAUSED FROM 2020 TO 2023 DUE TO THE COVID-19 PANDEMIC AND RELATED ECONOMIC DISRUPTIONS. NIF RAISED $33.5 MILLION FROM A SIMILAR MIX OF SOCIAL IMPACT FUNDERS TO CAPITALIZE NOAH POOL II LLC (NP2). NP2 CLOSED ON MAY 31,2024 AND IS EXPECTED TO PRESERVE THE AFFORDABILITY OF 500+ RENTAL UNITS.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 (LIHTCS) AND, OCCASIONALLY, FEDERAL HISTORIC TAX CREDITS AND ENERGY-RELATED TAX CREDITS . THROUGH THE END OF 2023, MEF HAS FACILITATED THE INVESTMENT OF OVER $285 MILLION OF GROSS EQUITY IN 50 PROJECTS WITH 2,726 NEW AND PRESERVED UNITS IN MINNESOTA AND OTHER STATES THROUGH MULTI-INVESTOR AND SINGLE INVESTOR FUNDS. IN ADDITION TO FINANCING AFFORDABLE WORKFORCE HOUSING FOR FAMILIES AND INDIVIDUALS AND AFFORDABLE HOUSING FOR SENIORS, MEF HAS FUNDED PERMANENT SUPPORTIVE HOUSING WHICH COMBINES HOUSING AND SERVICES FOR FORMERLY HOMELESS PEOPLE WHO SUFFER FROM CHRONIC HEALTH PROBLEMS INCLUDING MENTAL ILLNESS, SUBSTANCE USE DISORDERS, AND MAY OTHERWISE BE HARD TO HOUSE. 8372160 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 37 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X KYLE LARSEN 6513583808 332 MINNESOTA ST SUITE 1650W SAINT PAUL MN 55101 NANCY VYSKOCIL CHAIR 2.00 X X 0 0 0 STEPHANIE CUMMINGS VICE CHAIR 2.00 X X 0 0 0 MITCHELL BERG DIRECTOR 2.00 X 0 0 0 KIM BRETHEIM DIRECTOR 2.00 X 0 0 0 JOSEPH ERRIGO 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 JENNIFER MENDOZA DIRECTOR 2.00 X 0 0 0 CHAR ROBERTS DIRECTOR 2.00 X 0 0 0 DALE ROEMMICH DIRECTOR 2.00 X 0 0 0 WARREN W HANSON PRESIDENT/CEO THROUGH JUNE 2023 40.00 X 207229 0 31482 ANDREA BRENNAN PRESIDENT/CEO BEGINNING JUNE 2023 40.00 X 162307 0 19166 KYLE LARSEN CFO BEGINNING JULY 2023 40.00 X 102730 0 13319 MOHAMED OMAR CFO THROUGH JANUARY 2023 40.00 X 34704 0 5966 BARBARA SPORLEIN COO 40.00 X 225432 0 56003 JOHN ERRIGO MANAGING DIRECTOR OF EQUITY INVESTING 40.00 X 207425 0 47791 JOHN ROCKER MANAGING DIRECTOR OF LENDING 40.00 X 208759 0 32795 ERIC MUSCHLER DIRECTOR HOUSING & HEALTH EQUITY 40.00 X 141731 0 43712 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLABORATIVE DIREC 40.00 X 122509 0 37704 CATHERINE MCCARTHY DIRECTOR OF CAPITAL DEVELOPMENT 40.00 X 114346 0 49215 1527172 0 337153 17 0 1 0 0 7640000 5674955 13314955 INTEREST INCOME ON LOA 531390 6213787 6213787 LOAN ORIGINATION FEES 522291 1060830 1060830 LOAN LOSS RESERVE 522291 853520 853520 ACQUISITION FEES 522291 416567 416567 PROGRAM FEES 522291 385337 385337 -3007164 -3007164 5922877 2267223 2267223 73095649 73457789 -362140 -362140 -362140 21142915 5922877 0 1905083 X 1286407 1286407 33600 33600 616114 353425 262689 2936889 2211653 725236 273012 216568 56444 671906 484009 187897 272611 197926 74685 169727 169727 111130 111130 106692 106692 1595673 1200652 395021 196889 142949 53940 63470 46082 17388 41795 30345 11450 1731492 1731492 24639 17889 6750 187684 147655 40029 REPAIRS AND MAINTENANCE 226074 164138 61936 PUBLIC INFORMATION 92198 92198 BOARD EXPENSE 21864 21864 MISCELLANEOUS EXPENSES 20087 15172 4915 10679953 8372160 2307793 0 998673 9130600 11836996 5391319 250000 4277803 134444 272157 526232 445214 46934 81018 41735429 35863843 760146 739901 158393403 180334154 3737022 444929 217893047 236535724 1408459 2112229 455868 225373 148346 4623097 90634599 95153326 10205782 6121765 102853054 108235790 X 109825857 119484223 5214136 8815711 115039993 128299934 217893047 236535724 X 10462962 1309798 1487181 X X 0 1 X 1 1 1 X 437963 10484321 12567187 14314340 13314955 51118766 437963 10484321 12567187 14314340 13314955 51118766 9089397 42029369 1215284 1027386 929360 1258784 2267223 6698037 69418 51176 72646 193240 58010043 29319037 0.72450 0.67670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 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 0 0 0 0 0 0 0 1 58876 58876 0 0 0 526232 445214 81018 81018 FEDERAL HOME LOAN MORTGAGES 8222781 F HOUSING LOANS, NET OF ALLOWANCES 172111373 F 180334154 LEASE LIABILITIES 121765 CIA ADVANCE 6000000 6121765 X 22979682 1309798 1487181 2796979 20182703 106692 853520 960212 21142915 9719741 0 9719741 106692 853520 960212 10679953 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 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE DISCOUNT 1,487,181. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS RESERVE 853,520. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS RESERVE 853,520. 1 ALL PARKS ALLIANCE FOR CHANGE 2380 WYCLIFF ST STE 200 SAINT PAUL MN 55114 411386600 501(C)(3) 20000 0 N/A N/A OPERATIONAL SUPPORT AMERICAN HOSPITAL ASSOCIATION PO BOX 92416 CHICAGO IL 60675 360726140 501(C)(3) 15000 0 N/A N/A OPERATIONAL SUPPORT AMHERST H WILDER FOUNDATION 451 LEXINGTON PARKWAY NORTH SAINT PAUL MN 55104 410693889 501(C)(3) 40000 0 N/A N/A OPERATIONAL SUPPORT ASHLEY DUBOSE ENTERTAINMENT 901 18 1/2 AVENUE NE STE 404 MINNEAPOLIS MN 55418 850808588 20000 0 N/A N/A OPERATIONAL SUPPORT ATLAS REAL ESTATE 918 RUSSELL AVENUE N MINNEAPOLIS MN 55411 454659287 25000 0 N/A N/A OPERATIONAL SUPPORT BLUU NORTHSIDE CO-OP HOUSING INITIATIVE 165 WESTERN AVENUE N STE 8 SAINT PAUL MN 55102 832287537 501(C)(3) 25000 0 N/A N/A OPERATIONAL SUPPORT BUILD WEALTH MN 2121 PLYMOUTH AVENUE N MINNEAPOLIS MN 55411 251918239 501(C)(3) 50000 0 N/A N/A OPERATIONAL SUPPORT CLAY COUNTY HRA 116 CENTER AVENUE EAST PO BOX 99 DILWORTH MN 56529 411358623 CLAY COUNTY 50000 0 N/A N/A OPERATIONAL SUPPORT CURA FOUNDATION 7700 PENN AVENUE S STE A151 RICHFIELD MN 55480 454713225 10000 0 N/A N/A OPERATIONAL SUPPORT DEVELECOR LLC 1007 WEST BROADWAY AVENUE MINNEAPOLIS MN 55411 824028060 10000 0 N/A N/A OPERATIONAL SUPPORT DIVINE KONNECTIONS INC 2140 WOODLAND AVENUE DULUTH MN 55803 850808588 501(C)(3) 50000 0 N/A N/A OPERATIONAL SUPPORT ENGAGE WINONA PO BOX 455 WINONA MN 55987 822726124 501(C)(3) 69000 0 N/A N/A OPERATIONAL SUPPORT GREEN NEW DEAL HOUSING 1831 E 8TH STREET STE 103 DULUTH MN 55812 841819301 501(C)(3) 10000 0 N/A N/A OPERATIONAL SUPPORT HAZAELEE SELLERS 2647 KNOX AVENUE N MINNEAPOLIS MN 55411 873735018 10000 0 N/A N/A OPERATIONAL SUPPORT HOME LINE 8011 34TH AVE S SUITE 126 BLOOMINGTON MN 55425 411941115 501(C)(3) 100000 0 N/A N/A OPERATIONAL SUPPORT HOUSING JUSTICE CENTER 275 4TH STREET E 590 SAINT PAUL MN 55101 411930525 501(C)(3) 448500 0 N/A N/A OPERATIONAL SUPPORT HOUSINGLINK 1400 VAN BUREN ST NE SUITE 215 MINNEAPOLIS MN 55413 411873314 501(C)(3) 25000 0 N/A N/A OPERATIONAL SUPPORT MAGNOLIA HOMES LLC 8868 FLESHER CIRCLE EDEN PRAIRIE MN 55347 814448398 10000 0 N/A N/A OPERATIONAL SUPPORT MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVE W 423 SAINT PAUL MN 55114 411601248 501(C)(3) 13000 0 N/A N/A OPERATIONAL SUPPORT MINNESOTA HOME OWNERSHIP CENTER 1000 PAYNE AVENUE SUITE 200 SAINT PAUL MN 55130 411741817 501(C)(3) 50000 0 N/A N/A OPERATIONAL SUPPORT MINNESOTA HOUSING FINANCE AGENCY 400 WABASHA STREET NORTH SUITE 400 SAINT PAUL MN 55102 411599130 STATE OF MINNEOSOTA 50000 0 N/A N/A OPERATIONAL SUPPORT MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVENUE W STE 106 SAINT PAUL MN 55114 411649643 501(C)(3) 41000 0 N/A N/A OPERATIONAL SUPPORT NEIGHBORHOOD HEALTHSOURCE 3300 FREEMONT AVENUE N MINNEAPOLIS MN 55412 411235064 501(C)(3) 28000 0 N/A N/A OPERATIONAL SUPPORT NORTHCOUNTRY COOPERATIVE FOUNDATION 2610 UNIVERSITY AVE W SUITE 150 SAINT PAUL MN 55114 411953515 501(C)(3) 25000 0 N/A N/A OPERATIONAL SUPPORT OUTLAW DEVELOPMENT 655 FAIRVIEW AVENUE N SAINT PAUL MN 55104 874315335 40000 0 N/A N/A OPERATIONAL SUPPORT REINVESTING IN COMMUNITIES AND HOUSING 2827 LYNDALE AVENUE N 1 MINNEAPOLIS MN 55411 861329251 501(C)(3) 10000 0 N/A N/A OPERATIONAL SUPPORT REINVESTING IN COMMUNITIES AND HOUSING 2827 LYNDALE AVENUE N 1 MINNEAPOLIS MN 55411 861329251 501(C)(3) 10000 0 N/A N/A OPERATIONAL SUPPORT WENRICH PROPERTY & DEVELOPMENT 917 N 5TH STREET MINNEAPOLIS MN 55401 872700839 25000 0 N/A N/A OPERATIONAL SUPPORT 19 12 TRAINING AND EDUCATION FOR AFFORDABLE HOUSING ASSISTANCE 6 33600 0 N/A N/A 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). PART III, COLUMN (B): PREDEVELOPMENT COSTS RELATED TO THE DEVELOPMENT OF AN ADDITIONAL UNIT AT 1811-1813 OLIVER ST N, IN MINNEAPOLIS. X X X X 0 0 1 0 0 0 0 0 0 BARBARA SPORLEIN COO 225432 0 0 0 0 0 22938 0 33065 0 281435 0 0 0 JOHN ERRIGO MANAGING DIRECTOR OF EQUITY INVESTIN 207425 0 0 0 0 0 21037 0 26754 0 255216 0 0 0 JOHN ROCKER MANAGING DIRECTOR OF LENDING 208759 0 0 0 0 0 20876 0 11919 0 241554 0 0 0 WARREN W HANSON PRESIDENT/CEO THROUGH JUNE 2023 177229 0 0 0 30000 0 20698 0 10784 0 238711 0 30000 0 ERIC MUSCHLER DIRECTOR HOUSING & HEALTH EQUITY 141731 0 0 0 0 0 14173 0 29539 0 185443 0 0 0 ANDREA BRENNAN PRESIDENT/CEO BEGINNING JUNE 2023 162307 0 0 0 0 0 11325 0 7841 0 181473 0 0 0 CATHERINE MCCARTHY DIRECTOR OF CAPITAL DEVELOPMENT 114346 0 0 0 0 0 12535 0 36680 0 163561 0 0 0 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLA 122509 0 0 0 0 0 13046 0 24658 0 160213 0 0 0 FORM 990, SCHEDULE J LINE 4C WARREN HANSON VESTED $30,000 IN 2023 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 HAVE A 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. 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 697,740. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 697,740. CONSULTING: PROGRAM SERVICE EXPENSES 502,912. MANAGEMENT AND GENERAL EXPENSES 395,021. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 897,933. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE DISCOUNT 1,487,181. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. NOAH IMPACT FUND LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55101 821028056 HOUSING MN 414415 2470983 GREATER MINNESOTA HOUSING FUND NOAH POOL I LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55101 821028425 HOUSING MN 1012696 25572988 INDEPENDENT INVESTMENT COMMITTEE MAJORITY CONTROLLED BY NON GMHF STAFF MINNESOTA EQUITY FUND LLC 332 MINNESOTA ST SUITE 1650W ST PAUL MN 55102 454730593 HOUSING MN 0 0 GREATER MINNESOTA HOUSING FUND