2024-08-15T07:42:52-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-10-01 411386089 COMMUNITY NEIGHBORHOOD HOUSING SERVICES COMM 6512928710 533 DALE STREET NORTH ST PAUL MN 55103 JASON PETERSON EXECUTIVE DIRECTOR 6512928710 2024-08-14 1 0 RACHEL FLANDERS P01591790 6123764500 2024-08-14 2022 2024-08-08 14:25:15Z NEIGHBORWORKS HOME PARTNERS JASON PETERSON 533 DALE STREET NORTH ST PAUL MN 55103 4389290 0 X WWW.NWHOMEPARTNERS.ORG X 1981 MN PROVIDING DOWN PAYMENT ASSISTANCE, HOME IMPROVEMENT LOANS, FORECLOSURE PREVENTION, NEW HOMEOWNER EDUCATION AND ADVISING, IN THE SEVEN-COUNTY SAINT PAUL/MINNEAPOLIS METRO AREA WITH SPECIAL PROGRAM EMPHASIS IN THE CITY OF SAINT PAUL. 15 15 22 50 0 0 2576571 3447032 279383 452887 31380 183079 0 0 2887334 4082998 1111000 85850 0 0 1479402 1459738 0 0 45005 491942 485887 3082344 2031475 -195010 2051523 17714539 20483021 1402727 4128819 16311812 16354202 X PROVIDING ONE-ON-ONE AND GROUP PRE-PURCHASE HOMEBUYER EDUCATION AND COUNSELING, ONE-ON-ONE REFINANCE COUNSELING, ONE-ON-ONE FORECLOSURE COUNSELING, AND HOME IMPROVEMENT AND DOWN PAYMENT ASSISTANCE LOANS TO LOW-TO-MODERATE INCOME RESIDENTS OF THE TWIN CITIES 7 COUNTY METRO AREA WITH A SPECIAL EMPHASIS ON THE CITY OF ST. PAUL 0 0 781261 85850 440555 COMMUNITY LENDING PROGRAM PROVIDING DOWN PAYMENT ASSISTANCE AND HOME REPAIR LOANS TO LOW-TO-MODERATE-TO-MIDDLE INCOME FAMILIES (AS DEFINED BY HUD) WHO WOULD NOT LIKELY QUALIFY FOR THESE FUNDS FROM A TRADITIONAL LENDING INSTITUTION. IN FISCAL YEAR 2023, 295 DOWN PAYMENT LOANS WERE PROVIDED TOTALING $2,688,532 IN FUNDS. IN ADDITION, 105 HOME REPAIR LOANS WERE PROVIDED TOTALING $2,679,959 IN FUNDS. 315249 0 12332 HUD APPROVED COUNSELING AND EDUCATION SERVICES WERE PROVIDED TO FAMILIES TO HELP THEM BUY OR KEEP WHAT IS LIKELY ONE OF THE BIGGEST PURCHASES IN THEIR LIVES - THEIR HOME. IN FY23, 619 FAMILIES RECEIVED THESE SERVICES. 1096510 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X JASON PETERSON 6512928710 533 DALE STREET NORTH ST PAUL MN 55103 MIKE MORRELL PRESIDENT 2.00 2.00 X X 0 0 0 KRISSI MILLS VICE PRESIDENT 2.00 2.00 X X 0 0 0 DAVE ZASTROW SECRETARY 2.00 2.00 X X 0 0 0 KATELYN SHEHU TREASURER 2.00 2.00 X 0 0 0 JOEL ISENBERGER DIRECTOR 1.50 1.50 X 0 0 0 JOE CHOW DIRECTOR 1.50 1.50 X 0 0 0 KEVIN KNASE DIRECTOR 1.50 1.50 X 0 0 0 MAI LEE YANG DIRECTOR 1.50 1.50 X 0 0 0 JUSTIN HOULE DIRECTOR 1.50 1.50 X 0 0 0 RANDY NELSON DIRECTOR 1.50 1.50 X 0 0 0 BRIAN DEPPE DIRECTOR 1.50 1.50 X 0 0 0 MARK NETTESHEIM DIRECTOR 1.50 1.50 X 0 0 0 WILLIAM FLOWERS DIRECTOR 1.50 1.50 X 0 0 0 JUSTINE LOGELIN DIRECTOR 1.50 1.50 X 0 0 0 JEN JANG DIRECTOR 1.50 1.50 X 0 0 0 JASON PETERSON CEO 39.75 0.25 X 161687 0 22399 KJIRSTEN JOHNSON CFO 39.75 0.25 X 109491 0 21419 BETH HYSER CPO 38.00 2.00 X 93038 0 5646 364216 0 49464 2 0 1 0 LBC REMODELING & MANAGEMENT 1225 GREYSTONE AVE N OAKDALE MN 55128 REMODELING AND REPAIR CONTRACTOR 292273 1 2458124 988908 3447032 CONTRACTS 900099 242255 242255 LOAN SERVICING & ORIGI 522291 102701 102701 LOAN INTEREST 522291 95599 95599 OTHER PROGRAM REVENUES 522291 12332 12332 452887 32517 32517 456854 306292 150562 150562 150562 4082998 452887 0 183079 85850 85850 426524 77414 317076 32034 807282 543394 263888 27254 19563 7691 109037 73435 34821 781 89641 46176 41292 2173 29850 29850 34904 34904 133937 89506 40717 3714 19617 1390 17315 912 43655 32886 10231 538 45244 26593 17717 934 47699 14308 31721 1670 1876 612 1201 63 3365 1098 2154 113 11504 11458 44 2 15924 15128 796 22714 4293 17500 921 LOAN PROCESSING EXPENSE 14225 14157 65 3 OTHER EMPLOYEE EXPENSES 13534 9248 4071 215 BANK FEES 2710 2574 136 PROGRAM FUND RETURNED 1085 1085 44044 44044 2031475 1096510 889960 45005 385161 415735 1726194 3205934 91802 119136 375185 699587 40310 49055 77072 55889 23037 21183 5914166 5037280 9158684 10935111 17714539 20483021 414915 561387 400 1635984 850000 1000000 137412 931448 1402727 4128819 X 6930183 9130884 9381629 7223318 16311812 16354202 17714539 20483021 2051523 131335 -2140468 0 X X 0 1 X 1 1 1 X 2734714 2115624 11440981 2576571 3447032 22314922 2734714 2115624 11440981 2576571 3447032 22314922 22314922 10034 14305 18196 31380 32517 106432 22421354 2226441 0.99530 0.99630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 77072 55889 21183 21183 LOANS RECEIVABLE 10935111 F 10935111 UNDISBURSED LOAN COMMITMENT 339958 DUE TO GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION 591490 931448 X PART X, LINE 2: CNHS AND GFCDC ARE CLASSIFIED AS TAX-EXEMPT ORGANIZATIONS UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), ARE EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE IRC, AND ARE SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. EACH FILES ITS OWN INFORMATION RETURN. MANAGEMENT BELIEVES NEITHER CNHS NOR GFCDC HAVE ANY UNCERTAIN TAX POSITIONS. 1 LIFT DOWN PAYMENT ASSISTANCE GRANTS. 24 85850 0 N/A N/A PART I, LINE 2: CNHS DISBURSES GRANT AWARDS DIRECTLY TO BORROWERS. ALL FUNDS ARE TRACKED IN THE CRM AND DISBURSED ACCORDING TO PROGRAM LINES. PART III: CNHS CONSIDERS SHORTER TERM FORGIVABLE LOAN PRODUCTS AS GRANTS. THESE FUNDS ARE DISBURSED TO A TITLE COMPANY IN CONNECTION WITH A LOAN CLOSING OR A CONTRACTOR FOR HOME IMPROVEMENT PROGRAMS. ALL FUNDS ARE TRACKED IN THE CRM AND ARE DISBURSED ACCORDING TO PROGRAM GUIDELINES. X X 0 0 0 0 0 0 0 0 0 JASON PETERSON CEO 137745 0 10945 0 12997 0 6467 0 15932 0 184086 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR STRATEGIC AND OPERATIONAL OVERSIGHT OF THE ORGANIZATION. THE FOUR OFFICER POSITIONS (CHAIR, VICE CHAIR, TREASURER, AND SECRETARY) SERVICE AS MEMBERS OF THE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD. THE EXECUTIVE COMMITTEE CHAIR SHALL SERVE AS THE CHAIR OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW. THE 990 IS REVIEWED BY THE FINANCE AND EXECUTIVE COMMITTEES PRIOR TO FILING AND IS DISCUSSED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C CNHS'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES, DIRECTORS, PRINCIPALS, OFFICERS, AND COMMITTEE MEMBERS. A PERSON HAS FINANCIAL INTEREST IF THEY HAVE OWNERSHIP OR INVESTMENT WITH ANY ENTITY WHICH CNHS HAS A TRANSACTION OR ARRANGEMENT, COMPENSATION ARRANGEMENT WITH CNHS OR WITH ANY ENTITY OR INDIVIDUAL WHICH CNHS HAS A TRANSACTION OR ARRANGEMENT, OR A POTENTIAL OWNERSHIP, INVESTMENT INTEREST, OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WHICH CNHS IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. ALL INDIVIDUALS MUST SIGN AN ANNUAL STATEMENT AFFIRMING THAT THEY HAVE READ, UNDERSTAND, AND WILL COMPLY TO THE POLICY. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD ANNUALLY. ALL INTERESTED PERSONS MUST DISCLOSE THE NATURE OF ANY POTENTIAL CONFLICTS OF INTEREST WITH REGARD TO ANY TRANSACTION, WHICH IS REVIEWED BY THE BOARD OF DIRECTORS. AFTER DISCLOSING ALL MATERIAL FACTS, THEY SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE BOARD SHALL DECIDE IF ENTERING INTO SUCH TRANSACTION IS FAIR AND REASONABLE TO CNHS AND THAT IT IS IN CNHS'S BEST INTEREST. INTERESTED PERSONS ARE REMOVED FROM PARTICIPATING IN SUCH DISCUSSIONS. RESULTS OF THE DELIBERATIONS ARE RECORDED IN THE ORGANIZATION'S MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERFORM AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND USE COMPARATIVE SALARY DATA FROM THE MINNESOTA COUNCIL OF NONPROFITS AND NEIGHBORWORKS AMERICA TO DETERMINE COMPENSATION FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL GENERAL BOARD MEETINGS, ANNUAL REPORTS, AND PUBLIC DISCLOSURE COPIES OF PRIOR YEAR FORM 990'S ARE OPEN TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR. GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION 533 DALE STREET N ST PAUL MN 55103 411804148 REAL ESTATE DEVELOPMENT MN 501(C)(3) LINE 7 COMMUNITY NEIGHBORHOOD HOUSING SERVICES 0 FROGTOWN DEVELOPMENT LLC 1035 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 273137908 AFFORDABLE HOUSING MN N/A RELATED -120991 904906 0 0 0.50000 NEDU LLC 663 UNIVERSITY AVE SUITE 200 ST PAUL MN 55104 260594659 LEASING MN N/A RELATED -17853 607330 0 0 0.25000 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION R 100000 CASH GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION O 80068 CASH