2024-10-30T09:10:32-05:00 2023-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2023-01-01 411658654 METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS METR 6127897337 3137 CHICAGO AVENUE S MINNEAPOLIS MN 55407 TRISH DEANDA CHIEF FINANCIAL OFFICER 6127897337 2024-10-18 1 0 BRUCE THIEL P00526510 6123397811 2024-10-18 2023 2024-10-15 13:58:12Z ELENA GAARDER 3137 CHICAGO AVENUE S MINNEAPOLIS MN 55407 3021353 0 X WWW.MCCDMN.ORG X 1989 MN MCCD WORKS COLLECTIVELY TO ADVANCE RACIAL AND ECONOMIC JUSTICE BY LEVERAGING AND STEWARDING COMMUNITY DEVELOPMENT RESOURCES. 13 13 21 12 0 0 3901028 1614202 1169558 1374612 3073 30686 4654 1853 5078313 3021353 1681627 257000 0 0 1779177 2036541 0 0 75548 476686 598075 3937490 2891616 1140823 129737 15001611 15118278 9008183 8995113 5993428 6123165 X MCCD WORKS COLLECTIVELY TO ADVANCE RACIAL AND ECONOMIC JUSTICE BY LEVERAGING AND STEWARDING COMMUNITY DEVELOPMENT RESOURCES. 0 0 989079 257000 915865 SMALL BUSINESS SUPPORT - SEE SCHEDULE O 443741 33750 MEMBER SERVICES AND ADVOCACY - SEE SCHEDULE O 503667 424997 LOAN PROGRAM - SEE SCHEDULE O 426625 426625 2363112 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 SECRETARY 1.00 X X 0 0 0 PERLA MAYO DIRECTOR 1.00 X 0 0 0 KATHY WETZEL-MASTEL DIRECTOR 1.00 X 0 0 0 ASALESOL YOUNG DIRECTOR 1.00 X 0 0 0 MIKEYA GRIFFEN DIRECTOR 1.00 X 0 0 0 LAURA ZABEL BOARD CHAIR 1.00 X X 0 0 0 NASIBU SAREVA VICE CHAIR 1.00 X X 0 0 0 JIM ERCHUL TREASURER 1.00 X X 0 0 0 WARREN MCLEAN DIRECTOR 1.00 X 0 0 0 MANDY PANT DIRECTOR 1.00 X 0 0 0 ANISHA MURPHY DIRECTOR 1.00 X 0 0 0 JERU GOBEZE DIRECTOR 1.00 X 0 0 0 GUNNAR CARLSON DIRECTOR 1.00 X 0 0 0 ELENA GAARDER CEO 40.00 X 154350 0 27015 TRISH DEANDA CFO 40.00 X 138660 0 7131 TYLER HILSABECK DIR OF SMALL BUSINESS DEVE 40.00 X 120639 0 14720 413649 0 48866 3 0 1 0 0 710619 903583 1614202 OTHER PROGRAM & SERVIC 522291 945844 945844 LOAN REVENUE 522291 395018 395018 MEMBERSHIP DUES 522291 33750 33750 1374612 30686 30686 OTHER REVENUE 522291 1853 1853 1853 3021353 1374612 0 32539 257000 257000 322304 89079 170868 62357 1300575 1168402 132154 19 80429 65956 14473 209237 166255 42982 123996 95568 23676 4752 9810 7824 1986 42625 34001 8624 140602 135953 4649 21506 11145 2162 8199 82072 62646 19205 221 19462 14812 4650 18880 16374 2506 34057 29985 4072 122374 122374 26451 19928 6523 19956 16217 3739 LOAN PROGRAM DIRECT EXP 59051 52460 6591 MISCELLANEOUS 11871 8574 3297 LOAN PROGRAM AND TECHNI 4403 4403 EVENTS 1024 225 799 -16069 -16069 2891616 2363112 452956 75548 7724383 2755936 1826033 5797543 273176 502978 110598 47925 71923 428413 134782 276369 293631 4791052 5648342 15001611 15118278 338665 528356 185109 200000 168485 334000 7660692 7272631 655232 660126 9008183 8995113 X 5783626 5803283 209802 319882 5993428 6123165 15001611 15118278 129737 0 X X 0 1 X 0 0 X 375820 14685678 13109430 3901028 1614202 33686158 375820 14685678 13109430 3901028 1614202 33686158 425292 33260866 10105 4060 1306 3073 30686 49230 33735388 8484874 0.98590 0.99100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 20000 1 100 0 20100 0 PART II-B, LINE 1: THE 2023 MINNESOTA LEGISLATIVE SESSION WAS A BIG YEAR FOR THE COMMUNITY DEVELOPMENT FIELD AND MCCD IS PROUD TO SEE OUR EFFORTS, AND THOSE OF OUR MEMBERS AND PARTNERS, PAY OFF IN A BIG WAY WITH A MASSIVE $17.5+ BILLION BUDGET SURPLUS. MCCD'S FINAL STATE POLICY AGENDA FOCUSED IN ON 4 KEY GOALS THAT INFORMED OUR ADVOCACY FOR THE 2023 LEGISLATIVE SESSION: CLOSE THE RACIAL HOMEOWNERSHIP GAP - SECURE PERMANENT FUNDING FOR THE WORKFORCE HOMEOWNERSHIP PROGRAM FOR THE DEVELOPMENT & PRESERVATION OF AFFORDABLE HOMES. BUILD MORE DEEPLY AFFORDABLE RENTAL HOUSING - LEAD ADVOCACY EFFORTS TO SECURE HOUSING INFRASTRUCTURE BOND (HIB) INVESTMENTS AND SECURE TRANSFORMATIVE POLICY CHANGES. SUPPORT BIPOC AND IMMIGRANT SMALL BUSINESSES - ADVANCE PERMANENT FUNDING INCREASE TO SUPPORT THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM. CREATE COMMERCIAL SHARED OWNERSHIP OPPORTUNITIES - ESTABLISH THE COMMUNITY WEALTH BUILDING GRANT PROGRAM TO SUPPORT SHARED OWNERSHIP BUSINESS MODELS. ON THE ECONOMIC DEVELOPMENT FRONT, MCCD LED ADVOCACY AND LOBBYING EFFORTS FOR POLICY AND FUNDING CHANGES TO THE SMALL BUSINESS ASSISTANCE PARTNERSHIP GRANTS, COMMUNITY WEALTH BUILDING PILOT PROGRAM AND THE EXPANDING OPPORTUNITY GROWTH FUND. THESE PROGRAMS WILL HELP SUPPORT SMALL BUSINESSES ACROSS MINNESOTA WITH TECHNICAL ASSISTANCE, SHARED OWNERSHIP BUSINESSES AND SMALL BUSINESSES READY TO GROW. THE MCCD POLICY TEAM GREW LAST YEAR AND FOR THE FIRST TIME EVER, WE DOUBLED OUR ADVOCACY EFFORTS AT THE MINNESOTA CAPITOL WITH TWO STAFF WORKING ON POLICY. OVER A DECADE AGO, MCCD HELPED CREATE THE HOMES FOR ALL COALITION WITH SOME OF OUR KEY PARTNERS. FROM THE FIRST $100 MILLION IN HIBS IN 2014 TO THE LT. GOVERNOR AFFORDABLE HOUSING FORUM IN 2018, LITTLE BY LITTLE OUR ADVOCACY EFFORTS ALONG WITH OUR PARTNERS AND MEMBERS HAS FINALLY PAID OFF! WE HOPE THAT $1 BILLION IS THE NEW STANDARD SO WE CAN TRULY MAKE THE TRANSFORMATIVE CHANGES THAT WILL NOT JUST CHANGE THE STABILITY OF FAMILIES ACROSS MINNESOTA, BUT ALSO THE COMMUNITIES THEY CALL HOME. IN TOTAL, THE BILL INCLUDES $1 BILLION IN INVESTMENTS FOR THE ENTIRE HOUSING CONTINUUM. MCCD LED EFFORTS TO SECURE A HISTORIC ALLOCATION IN HOUSING INFRASTRUCTURE CASH. THIS INVESTMENT WILL ALLOW OUR AFFORDABLE HOUSING MEMBERS TO BUILD THOUSANDS OF NEW UNITS OF PERMANENTLY AFFORDABLE HOUSING. WE ALSO WORKED TO ENSURE THAT OUR POLICY CHANGES WERE INCLUDED IN THE FINAL BILL, INCLUDING EXPANDING THE ELIGIBLE USES OF HIBS TO INCLUDE THE DEVELOPMENT AND PRESERVATION OF HOUSING AT 50% AMI AND UNDER WITHOUT SUPPORTIVE SERVICES. THIS CHANGE WILL ENSURE THAT FOLKS BETWEEN 30% AND 50% AMI NOT NEEDING SUPPORTIVE SERVICES WILL ALSO HAVE ACCESS TO HOUSING THAT IS AFFORDABLE TO THEM. 0 1 X 54100 54100 263637 76318 187319 44376 20792 23584 66300 37672 28628 293631 PROGRAM LOANS RECEIVABLE 5648342 C 5648342 ADMINISTERED LOAN FUND 660126 660126 X 3021353 0 3021353 0 3021353 2891616 0 2891616 0 2891616 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. 1 COOPERATIVE MERCADO CENTRAL 1515 EAST LAKE STREET SUITE 208 MINNEAPOLIS MN 55407 411898826 5000 0 SMALL BUSINESS SUPPORT CARDINAL COMFORT CARE COOPERATIVE 713 12TH AVENUE TWO HARBORS MINNEAPOLIS MN 55616 923661107 162000 0 SMALL BUSINESS SUPPORT MINNESOTA LIFESTYLE SOLUTIONS 2053 49TH STREET SE ST CLOUD MN 56304 880798653 45000 0 SMALL BUSINESS SUPPORT TWIN CITIES IMPACT COOPERATIVE 2909 HENNEPIN AVENUE SUITE 200 MINNEAPOLIS MN 55408 932084614 45000 0 SMALL BUSINESS SUPPORT PART I, LINE 2: MN DEPARTMENT OF HUMAN SERVICES (DHS) GRANTS: MCCD HAS A GRANT CONTRACT WITH THE MINNESOTA DEPARTMENT OF HUMAN SERVICES TO RECRUIT AND SUPPORT OF DIRECT SUPPORT PROFESSIONALS (DSPS) IN THE DEVELOPMENT OF BUSINESS PLANS (OR THE MODIFICATION OF EXISTING BUSINESS PLANS) AND SUSTAINMENT OF TEN (10) EMPLOYEE-OWNED COOPERATIVES. THE PURPOSE OF THE CONTRACT IS TO SUPPORT INCREASED WAGES, INCREASED BENEFITS AND RETENTION OF DSPS THROUGH SELF-EMPLOYMENT. ELIGIBILITY REQUIREMENTS: DSPS WHO ARE ELIGIBLE FOR THIS GRANT INCLUDE THOSE WORKING FROM HOME AND COMMUNITY-BASED SERVICES FOR PEOPLE WITH DISABILITIES AND OLDER ADULTS, WHICH INCLUDES: -DAY TRAINING & HABILITATION CENTERS (DT&H) -HOME CARE NURSES (RN AND LPN) -HOME HEALTH AGENCIES (HHA) -HOUSING STABILIZATION SERVICES -HOUSING SUPPORT SUPPLEMENTAL SERVICES -PERSONAL CARE ASSISTANTS (PCA) -WAIVER AND ALTERNATIVE CARE (AC) SERVICES [COMMUNITY ALTERNATIVE CARE WAIVER, COMMUNITY ACCESS FOR DISABILITY INCLUSION WAIVER, DEVELOPMENTAL DISABILITIES WAIVER, AND BRAIN INJURY WAIVER]. COOPERATIVES NEEDED TO BE REGISTERED WITH THE MINNESOTA SECRETARY OF STATE, SIGN THE METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS GRANT AGREEMENT BY MAY 29, 2024, AND HAVE SUBMITTED ENROLLMENT AND/OR LICENSING APPLICATION MATERIALS TO DHS FOR HOME AND COMMUNITY-BASED SERVICES. USE OF GRANT FUNDS: FUNDS WERE TO BE DIRECTED TO EXPENSES THAT SUPPORT THE DEVELOPMENT OR SUSTAINABILITY OF THE COOPERATIVE. EXAMPLES OF HOW THE DSPS MAY USE THEIR FUNDS INCLUDE BUT ARE NOT LIMITED TO, LICENSING FEES, EMPLOYEE TRAINING, CONSULTATION FEES FOR BUSINESS MANAGEMENT OR LEGAL GUIDANCE, BUILDING RENTAL EXPENSES, VEHICLE PURCHASING, SALARIES, AND BENEFITS. MCCD STAFF MET AT LEAST QUARTERLY WITH EACH COOPERATIVE TO MONITOR PROGRESS OF COOPERATIVE BUSINESS REGISTRATION, LICENSING ENROLLMENT, BUDGETING AND EXPENSES. 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 154350 0 0 0 0 0 7718 0 19297 0 181365 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 ASSISTED 860 CLIENT ENGAGEMENTS AND 6,211 DIRECT TECHNICAL ASSISTANCE HOURS IN 2023. FORM 990, PART III, LINE 4B MEMBER SERVICES AND ADVOCACY: STATE POLICY ADVOCACY THE 2023 MINNESOTA LEGISLATIVE SESSION WAS A BIG YEAR FOR THE COMMUNITY DEVELOPMENT FIELD AND MCCD IS PROUD TO SEE OUR EFFORTS, AND THOSE OF OUR MEMBERS AND PARTNERS, PAY OFF IN A BIG WAY WITH A MASSIVE $17.5+ BILLION BUDGET SURPLUS. MCCD'S FINAL STATE POLICY AGENDA FOCUSED IN ON 4 KEY GOALS THAT INFORMED OUR ADVOCACY FOR THE 2023 LEGISLATIVE SESSION: CLOSE THE RACIAL HOMEOWNERSHIP GAP - SECURE PERMANENT FUNDING FOR THE WORKFORCE HOMEOWNERSHIP PROGRAM FOR THE DEVELOPMENT & PRESERVATION OF AFFORDABLE HOMES. BUILD MORE DEEPLY AFFORDABLE RENTAL HOUSING - LEAD ADVOCACY EFFORTS TO SECURE HOUSING INFRASTRUCTURE BOND (HIB) INVESTMENTS AND SECURE TRANSFORMATIVE POLICY CHANGES. SUPPORT BIPOC AND IMMIGRANT SMALL BUSINESSES - ADVANCE PERMANENT FUNDING INCREASE TO SUPPORT THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM. CREATE COMMERCIAL SHARED OWNERSHIP OPPORTUNITIES - ESTABLISH THE COMMUNITY WEALTH BUILDING GRANT PROGRAM TO SUPPORT SHARED OWNERSHIP BUSINESS MODELS. ON THE ECONOMIC DEVELOPMENT FRONT, MCCD LED ADVOCACY AND LOBBYING EFFORTS FOR POLICY AND FUNDING CHANGES TO THE SMALL BUSINESS ASSISTANCE PARTNERSHIP GRANTS, COMMUNITY WEALTH BUILDING PILOT PROGRAM AND THE EXPANDING OPPORTUNITY GROWTH FUND. THESE PROGRAMS WILL HELP SUPPORT SMALL BUSINESSES ACROSS MINNESOTA WITH TECHNICAL ASSISTANCE, SHARED OWNERSHIP BUSINESSES AND SMALL BUSINESSES READY TO GROW. THE MCCD POLICY TEAM GREW LAST YEAR AND FOR THE FIRST TIME EVER, WE DOUBLED OUR ADVOCACY EFFORTS AT THE MINNESOTA CAPITOL WITH TWO STAFF WORKING ON POLICY. OVER A DECADE AGO, MCCD HELPED CREATE THE HOMES FOR ALL COALITION WITH SOME OF OUR KEY PARTNERS. FROM THE FIRST $100 MILLION IN HIBS IN 2014 TO THE LT. GOVERNOR AFFORDABLE HOUSING FORUM IN 2018, LITTLE BY LITTLE OUR ADVOCACY EFFORTS ALONG WITH OUR PARTNERS AND MEMBERS HAS FINALLY PAID OFF! WE HOPE THAT $1 BILLION IS THE NEW STANDARD SO WE CAN TRULY MAKE THE TRANSFORMATIVE CHANGES THAT WILL NOT JUST CHANGE THE STABILITY OF FAMILIES ACROSS MINNESOTA, BUT ALSO THE COMMUNITIES THEY CALL HOME. IN TOTAL, THE BILL INCLUDES $1 BILLION IN INVESTMENTS FOR THE ENTIRE HOUSING CONTINUUM. MCCD LED EFFORTS TO SECURE A HISTORIC ALLOCATION IN HOUSING INFRASTRUCTURE CASH. THIS INVESTMENT WILL ALLOW OUR AFFORDABLE HOUSING MEMBERS TO BUILD THOUSANDS OF NEW UNITS OF PERMANENTLY AFFORDABLE HOUSING. WE ALSO WORKED TO ENSURE THAT OUR POLICY CHANGES WERE INCLUDED IN THE FINAL BILL, INCLUDING EXPANDING THE ELIGIBLE USES OF HIBS TO INCLUDE THE DEVELOPMENT AND PRESERVATION OF HOUSING AT 50% AMI AND UNDER WITHOUT SUPPORTIVE SERVICES. THIS CHANGE WILL ENSURE THAT FOLKS BETWEEN 30% AND 50% AMI NOT NEEDING SUPPORTIVE SERVICES WILL ALSO HAVE ACCESS TO HOUSING THAT IS AFFORDABLE TO THEM. MCCD ALSO HOSTED OUR ANNUAL POLICY AND ADVOCACY TRAINING AT THE MINNESOTA CAPITOL IN JANUARY 2023, PROVIDING OVER 50 COMMUNITY DEVELOPMENT PROFESSIONALS AND RESIDENTS OF AFFORDABLE HOUSING THE OPPORTUNITY TO LEARN MORE ABOUT THE CAPITOL AND HOW TO TESTIFY IN HEARINGS. THIS ONE-OF-A-KIND TRAINING ALLOWS PARTICIPANTS TO PRACTICE GIVING TESTIMONY IN A CAPITOL HEARING ROOM, HELPING THEM TO FEEL MORE PREPARED WHEN HEARINGS ARISE DURING THE LEGISLATIVE SESSION. 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 ADDRESS THEIR 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 2023, WE HAD 13 EMERGING LEADERS PARTICIPATING IN THE MENTORSHIP PROGRAM. AS PART OF THE PROGRAM, ELCD HOSTS THE LEARNING AND NETWORKING SERIES. THESE SESSIONS ARE LED BY LOCAL FIELD EXPERTS FOCUSED ON THE FOLLOWING TOPICS: COMMUNITY DEVELOPMENT AND HEALTH EQUITY, HOUSING FINANCE AND DEVELOPMENT, FEE-BASED LENDING, AND UNDERSTANDING NONPROFIT FINANCIALS. EVENTS ARE ATTENDED BY ELCD MENTEES, MENTORS, AND OTHER COMMUNITY DEVELOPMENT PROFESSIONALS. MCCD DESIGNED THIS 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 2023, WE CLOSED 51 LOANS WITH $2,359,721 IN DIRECT LENDING, WHILE LEVERAGING AN ADDITIONAL $8,649,434 IN OUTSIDE CAPITAL, LEADING TO 168 NEW JOBS CREATED OR RETAINED. 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 EXPANDED OUR EFFORT TO PROVIDE 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 2023, MCCD ACCOMPLISHED THE FOLLOWING: PROVIDED COOPERATIVE BUSINESS ADVISING SERVICES TO 5 WORKER COOPERATIVES, INCLUDING 5 COOPERATIVES IN THE DIRECT CARE INDUSTRY. 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 EMPLOYEE-OWNED HOME AND COMMUNITY-BASED SERVICES COOPERATIVES. THE PROGRAM PROVIDES UP TO $162,400 IN GRANT FUNDS EACH TO 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