2024-11-04T23:57:00-06:00 2023-12-31 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2023-01-01 411753148 THE RONDO COMMUNITY LAND TRUST ROND 6512219884 1041 SELBY AVE ST PAUL MN 55104 MIKEYA GRIFFIN EXECUTIVE DIRECTOR 6512219884 2024-10-29 1 0 BRIAN ARONSON CPA P01425251 3192346885 2024-10-29 2023 2024-10-15 13:58:12Z MIKEYA GRIFFIN 1041 SELBY AVE ST PAUL MN 55104 9985082 0 X WWW.RONDOCLT.ORG X 1993 MN PERMANENTLY AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP, RENTALS, AND COMMERCIAL OPPORTUNITIES. 12 12 9 15 0 0 2873919 9649088 87012 209393 825 52235 0 -23933 2961756 9886783 0 966466 0 0 323341 583773 0 0 70303 1091275 1174365 1414616 2724604 1547140 7162179 6317796 14858035 1161313 2539370 5156483 12318665 X EMPOWERING WITH AFFORDABLE HOUSING. STRENGTHEN AND PRESERVE COMMUNITIES BY PROVIDING AND ADVOCATING FOR PERMANENTLY AFFORDABLE, SUSTAINABLE HOUSING FOR FAMILIES AND INDIVIDUALS WITH LOW TO MODERATE INCOMES. PROMOTE THE UTILIZATION OF THE LAND TRUST MODEL AS A METHOD OF PRESERVING AFFORDABLE HOUSING, ECONOMIC GROWTH AND NEIGHBORHOOD STABILIZATION. SUPPORT AND CELEBRATE CULTURAL DIVERSITY BY PROVIDING AFFORDABLE BUSINESS OPPORTUNITIES TO INCREASE COMMUNITY ECONOMIC WEALTH, PROPERTY VALUES AND JOBS. 0 0 2348074 966466 156437 THE ORGANIZATION, A COMMUNITY LAND TRUST (CLT), ACHIEVES PERMANENT, LONG TERM HOUSING AFFORDABILITY THROUGH THE USE OF GROUND LEASES. CLT HOMEBUYERS PURCHASE ONLY THE HOUSE, AND ENTER INTO A 99 YEAR GROUND LEASE WITH THE ORGANIZATION FOR THE EXCLUSIVE USE OF THE LAND. THE ORGANIZATION'S GROUND LEASE STATES THAT WHEN A HOMEOWNER DECIDES TO SELL THEIR HOME, THE HOUSE IS SOLD TO ANOTHER LOW TO MODERATE INCOME HOUSEHOLD FOR THE ORIGINAL PURCHASE PRICE PLUS 25% OF ANY APPRECIATION IN THE HOME'S VALUE. BY LIMITING MARKET APPRECIATION, PERMANENT AFFORDABILITY IS ENSURED AND INITIAL SUBSIDIES INVESTED IN MAKING THE HOME AFFORDABLE ARE SPREAD ACROSS GENERATIONS OF LOW TO MODERATE INCOME HOMEBUYERS. MOST IMPORTANTLY, THIS AFFORDABLE HOUSING OPTION GIVES HOUSEHOLDS THAT COULD OTHERWISE ONLY AFFFORD TO RENT THE OPPORTUNITY TO TAKE ADVANTAGE OF ALL OF THE BENEFITS OF HOMEOWNERSHIP STABILITY, SECURITY, TAX BENEFITS, AND THE OPPORTUNITY TO EARN EQUITY AND APPRECIATION IN REAL ESTATE THAT IS NOT AVAILABLE THROUGH RENTING. 163349 111632 THE RONDO COMMUNITY LAND TRUST (RONDO CLT) CREATED THE RONDO DEVELOPMENT ON SELBY, LLC. A SUBSIDIARY LIMITED LIABILITY CORPORATION FOR THE SELBY MILTON VICTORIA (SMV) COMMERCIAL LAND TRUST AND SENIOR HOUSING PROJECT ON SELBY AVENUE. RONDO CLT, ALONG WITH ITS PARTNER COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDC), DEVELOPED TWO MIXED USE COMMERCIAL/RESIDENTIAL BUILDINGS. THESE BUILDINGS PROVIDE LONG-TERM AFFORDABLE COMMERCIAL SPACE FOR SMALL, LOCAL, AND MINORITY OWNED BUSINESSES ALONG WITH AFFORDABLE SENIOR HOUSING. THE BUILDINGS ARE LOCATED AT 852 SELBY AND 940 SELBY IN ST. PAUL. THERE ARE A TOTAL OF 34 UNITS OF LOW INCOME SENIOR HOUSING. THE 34 UNITS OF AFFORDABLE SENIOR HOUSING BUILT ON THE TOP TWO FLOORS OF THESE BUILDINGS AND WERE FINANCED BY A COMBINATION OF DEFERRED LOANS AND LOW INCOME HOUSING TAX CREDITS. THE UNITS ARE AFFORDABLE TO THOSE AT 30% TO 60% OF THE AREA MEDIAN INCOME. THE AFFORDABILITY WILL BE SECURED WITH RESTRICTIVE COVENANTS. THERE IS 9,300 SQUARE FEET OF COMMERCIAL SPACE. THERE ARE FIVE COMMERCIAL SPACES AND TWO LIVE WORK UNITS. THE HOUSING PORTION OF THIS PROJECT IS OWNED BY THE CHDC RONDO LIMITED PARTNERSHIP. RONDO DEVELOPMENT ON SELBY LLC IS A COGENERAL PARTNER IN THIS LIMITED PARTNERSHIP. 2511423 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 29 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 MN X MIKEYA GRIFFIN 6512219884 1041 SELBY AVE ST PAUL MN 55104 MIKEYA GRIFFIN EXECUTIVE DIRECTOR 40.00 X 102850 0 11796 CHARLES BRADLEY PRESIDENT 1.00 X X 0 0 0 SHANNON BRUNETTE VICE PRESIDENT 1.00 X X 0 0 0 TRISH DEANDA TREASURER 1.00 X X 0 0 0 PARIS SERVIN-GONZALES SECRETARY 1.00 X X 0 0 0 TAMEKA JONES DIRECTOR 1.00 X 0 0 0 MELVIN GILES DIRECTOR 1.00 X 0 0 0 KRYSTAL D'ALENCAR DIRECTOR 1.00 X 0 0 0 ANA CRUZ DIRECTOR 1.00 X 0 0 0 BROOKE BLAKEY DIRECTOR 1.00 X 0 0 0 RALONDA MCKINLEY DIRECTOR 1.00 X 0 0 0 KATE SPEED DIRECTOR 1.00 X 0 0 0 JESSICA JAMES DIRECTOR 1.00 X 0 0 0 102850 0 11796 1 0 0 0 ALL IN ONE ACCOUNTING 1715 YANKEE DOODLE ROAD STE 305 EAGAN MN 55121 ACCOUNTING SERVICES 119712 1 99644 2308800 7240644 513100 9649088 RENTAL INCOME 531190 199627 199627 LEASE FEES 531190 9766 9766 209393 52235 52235 15690 99644 98299 -82609 -82609 58676 58676 58676 9886783 268069 0 -30374 215000 215000 751466 751466 115585 98247 11559 5779 399602 339661 39960 19981 10004 8503 1001 500 20906 17771 2090 1045 37676 32024 3768 1884 24688 20985 2469 1234 156822 133299 15682 7841 154880 132074 15203 7603 40262 34223 4026 2013 42170 36803 4330 1037 158644 134847 15864 7933 17998 15298 1800 900 169447 144030 16945 8472 28859 24530 2886 1443 REHABILITATION PROJECT 201157 201157 RENTAL MAINTENANCE 123534 123534 55904 47971 5295 2638 2724604 2511423 142878 70303 798201 523896 5324110 358000 550624 3311 20580 21085 6044 162775 18210 7638022 481383 4792819 7156639 29556 267507 152049 990425 6317796 14858035 85365 291186 921668 680826 285676 79280 443083 75000 838599 1161313 2539370 X 2730583 9726145 2425900 2592520 5156483 12318665 6317796 14858035 7162179 3 0 X 0 1 X 1 0 X 149078 205640 668684 2873919 4637588 8534909 149078 205640 668684 2873919 4637588 8534909 273852 8261057 284 346 727 825 52235 54417 64366 64366 8653692 1120144 0.95460 0.99970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2023 AMOUNT: $ 5,690. OTHER INCOME - 2023 AMOUNT: $ 58,676. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2370374 2370374 4920074 465717 4454357 66664 5179 61485 136121 10487 125634 144789 144789 7156639 INVESTMENT IN RONDO LIMITED PARTNERSHIP 152049 RIGHT OF USE ASSET 838376 990425 RIGHT OF USE LIABILITY 838599 838599 9886783 0 9886783 0 9886783 2724604 0 2724604 0 2724604 115334 99644 15690 3736 40482 12600 41481 115334 99644 15690 3736 40482 12600 41481 98299 -82609 1 MODEL CITIES OF ST PAUL INC 839 UNIVERSITY AVE W ST PAUL MN 55104 411687873 501C3 70000 0 OPERATIONS METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS 3137 CHICAGO AVENUE S MINNEAPOLIS MN 55407 411658654 501C3 70000 0 OPERATIONS WEST SIDE COMMUNITY ORGANIZATION 209 PAGE STREET WEST ST PAUL MN 55107 237447142 501C3 70000 0 OPERATIONS 3 HOMEBUYER ASSISTANCE 7 751466 PART I, LINE 2: UPON APPROVAL OF AN AWARD, RONDO CLT MEETS MONTHLY TO MONITOR THE PROGRESS AND USE OF THE FUNDS. PART III, COLUMN B THE NUMBER OF RECIPIENTS IS BASED ON THE NUMBER OF PROPERTIES ASSISTED. X 14 510100 FMV X AUCTION ITEM 1 3000 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS IS BASED ON THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO RESIDENTS OF RAMSEY COUNTY WHO ARE OVER THE AGE OF 18 AND WHO WANT TO MAKE OWNERSHIP OF QUALITY, PERMANENTLY AFFORDABLE HOMES POSSIBLE FOR OUR WHOLE COMMUNITY. RONDO CLT MEMBERS CREATE HOUSING THAT WILL STAY AFFORDABLE FOR DECADES. FORM 990, PART VI, SECTION A, LINE 7A RONDO CLT MEMBERS SHAPE THE DIRECTION OF THE ORGANIZATION BY ELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B RONDO CLT MEMBERS SHAPE THE DIRECTION OF THE ORGANIZATION BY VOTING AT MEMBERSHIP MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECIEVES A DRAFT OF THE 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 EACH DIRECTOR, OFFICER, EMPLOYEE, AND VOLUNTEER SHALL SIGN A DISCLOSURE FORM IDENTIFYING ANY POTENTIAL CONFLICTS OF INTEREST. THE POLICY IS REVIEWED ANNUALLY BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD PRESIDENT CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR, PROVIDES BOARD MEMBERS WITH A WRITTEN QUESTIONNAIRE, FOLLOWS UP WITH A PHONE CALL AND PROVIDES THE REPORT TO THE BOARD. THE BOARD THEN DISCUSSES FINDINGS AND SHARES WITH THE EXECUTIVE DIRECTOR. SALARY DATA AVAILABLE FROM THE MINNESOTA COUNCIL OF NONPROFITS AND OTHER SOURCES IS USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ARTICLES OF INCOPORATION, BYLAWS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE, UPON REQUEST RONDO DEVELOPMENT ON SELBY LLC 1041 SELBY AVE ST PAUL MN 55105 411753148 RENTAL MN THE RONDO COMMUNITY LAND TRUST GOLDEN THYME HOLDINGS LLC 1041 SELBY AVE ST PAUL MN 55104 411753148 RENTAL MN THE RONDO COMMUNITY LAND TRUST