2024-11-15T17:40:36-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 363354189 EAST EDINA HOUSING FOUNDATION EAST 9528260462 4801 W 50TH ST EDINA MN 55424 ANN SWENSON PRESIDENT 9528260462 2024-11-15 1 1 ANN NEIL P01817922 6123764500 2024-11-15 2023 2024-10-15 13:58:12Z ANN SWENSON 4801 W 50TH ST EDINA MN 55424 289112 0 X WWW.COMEHOME2EDINA.ORG X 1982 MN TO PROVIDE LOW AND MODERATE INCOME HOUSEHOLDS WITH A FINANCING TOOL SO THEY CAN ACQUIRE HOUSING. 5 5 0 5 0 0 3800000 0 58151 108855 6167 100442 67278 79815 3931596 289112 30000 30000 0 0 0 0 0 0 0 182899 64546 212899 94546 3718697 194566 11960279 12140883 18131 4169 11942148 12136714 X TO ENGAGE IN AND CONDUCT CHARITABLE ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF AND TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF THE CITY OF EDINA AND THE HRA: TO PROVIDE IN THE EEHF NEIGHBORHOOD, MODEST COST HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IN CONNECTION THEREWITH,1. PROMOTE AND UNDERTAKE COMMUNITY DEVELOPMENT ACTIVITIES ON A NON-PROFIT BASIS WITHIN THE EEHF NEIGHBORHOOD.2. PROVIDE ASSISTANCE TO NON-PROFIT OR NOT-FOR-PROFIT DEVELOPERS OR SPONSORS OF LOW OR MODERATE-INCOME HOUSING, INCLUDING HOUSING FOR THE ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, WITHIN THE NEIGHBORHOOD AREA.3. RECEIVE BLOCK GRANTS OR SIMILAR FUNDS FROM THE CITY, OR OTHER GOVERNMENTAL AGENCIES OR SUBDIVISIONS, INCLUDING THE AUTHORITY, AND TO PUT TO PRODUCTIVE USE ALL OF SUCH FUNDS EXCLUSIVELY FOR THE AFOREMENTIONED PURPOSES. 0 0 53930 30000 108855 COME HOME TO EDINA 4660 0 0 BUILDING ACQUISITION FOR COMPLETED LAND REDEVELOPMENT: 4040 WEST 70TH 58590 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 1 0 1 0 1 0 1 1 1 1 0 0 0 0 0 MN X STEPHANIE HAWKINSON 9528339578 4801 W 50TH ST EDINA MN 55424 X JEFF HUGGETT VICE PRESIDENT 4.00 0.00 X X 0 0 0 ANN SWENSON PRESIDENT 4.00 0.00 X X 0 0 0 BERNADETTE HORNIG VICE PRESIDENT 4.00 0.00 X X 0 0 0 MARY KAY MCNEE SECRETARY/TREASURER 4.00 0.00 X X 0 0 0 JERRY GILLIGAN VICE PRESIDENT 4.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 INTEREST FROM MORTGAGE 523000 108855 108855 108855 83714 83714 16728 0 16728 16728 16728 RECOVERY OF BAD DEBT 900099 76378 76378 ESCROW 900099 3437 3437 79815 289112 108855 0 180257 30000 30000 18176 18176 28171 28171 7785 7785 2500 2500 4660 4660 3254 3254 94546 58590 35956 0 1185560 1380841 1365636 442197 3528133 4254240 410827 462193 5470123 5601412 11960279 12140883 18131 4169 18131 4169 X 11942148 12136714 11942148 12136714 11960279 12140883 194566 0 X 0 0 0 X X X 2 CITY OF EDINA MINNESOTA 416005118 6 1 18176 0 HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA MINNESOTA 416005118 6 1 0 0 2 18176 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION B, LINE 2 THE ORGANZIATION OPERATED FOR THE BENEFIT FOR THE CITY OF EDINA AND THE HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA, MINNESOTA. THE ACTIVITIES CARRY OUT THE PURPOSE OF THE CONTROLLING SUPPORTED ORGANIZATIONS. 0 ACCRUED INTEREST RECEIVABLE FROM MORTGAGE INVESTMENTS 911688 PROPERTY HELD FOR DEVELOPMENT 3939724 LONG-TERM LOAN RECEIVABLE 750000 5601412 0 SENIOR COMMUNITY SERVICES 10201 WAYZATA BLVD SUITE 335 MINNETONKA MN 55305 410720473 501(C)(3) 30000 0 N/A N/A PROVIDE SUPPORT TO SENIORS 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO THE CITY OF EDINA. THE CITY OF EDINA ASSISTS THE TREASURER IN THE PERFORMANCE OF DUTIES, EDINA SHALL ALSO ARRANGE FOR THE RECORDS AND BOOKS TO BE AUDITED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM EVERY THREE YEARS AND EDINA SHALL ARRANGE FOR THE PREPARATION OF INCOME TAX RETURNS AND ANY OTHER REPORTS. FORM 990, PART VI, SECTION A, LINE 7A THERE SHALL BE TWO CLASSES OF DIRECTORS, NAMELY, TWO (2) CITY-APPOINTED DIRECTORS BY THE CITY OF EDINA AND THREE (3) AUTHORITY-APPOINTED DIRECTORS BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA, MINNESOTA. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 PRIOR TO THE MEETING AND HAVE AN OPPORTUNITY DURING THE MEETING FOR QUESTIONS AND/OR DISCUSSION. THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER HAS A SIGNED CONFLICT OF INTEREST STATEMENT HELD BY THE ORGANIZATION. THE POTENTIAL CONFLICTS ARE REVIEWED AT THE BOARD LEVEL. THERE HAVE NOT BEEN ANY CONFLICTS OF INTEREST, THE BOARD WOULD REVIEW CONFLICTS IF THEY ARISE. THE BOARD PRESIDENT WORKS FOR A RESIDENTIAL DEVELOPMENT COMPANY THAT CANNOT COMPETE ON REQUESTS FOR PROPOSALS WHEN LAND IS AVAILABLE. ANOTHER BOARD MEMBER IS A LOAN OFFICER WHO HAS SOMEONE ELSE UNDERWRITE LOANS IN WHICH SHE'S DIRECTLY INVOLVED. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THEY MAY BE COPIED AND PROVIDED AS HARD COPIES OR EMAILED. CITY OF EDINA 4801 WEST 50TH STREET EDINA MN 55424 416005118 CITY MN GOV N/A 0 HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA MINNESOTA 4801 WEST 50TH STREET EDINA MN 55424 416005118 HOUSING MN GOV N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0