2025-04-30T14:16:53-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-01-01 411380923 FAMILY HOUSING FUND FAMI 6123759644 310 4TH AVENUE SOUTH 9000 MINNEAPOLIS MN 55415 ELLEN K SAHLI PRESIDENT 6123759644 2025-03-26 1 1 KAREN A GRIES P00078514 6128764500 2025-03-26 2024 2025-03-06 01:10:19Z ELLEN K SAHLI 310 4TH AVENUE SOUTH 9000 MINNEAPOLIS MN 55415 8103523 0 X WWW.FHFUND.ORG X 1980 MN TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 21 21 7 25 0 0 3685678 1777049 527989 563701 600187 685539 82096 43945 4895950 3070234 2999593 1699272 0 0 1105026 1173986 0 0 238839 1618569 1644066 5723188 4517324 -827238 -1447090 49428287 48678148 1172632 1121777 48255655 47556371 X THE FAMILY HOUSING FUND ("FUND") IS A NONPROFIT INTERMEDIARY ORGANIZATION WHOSE MISSION IS TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS. 0 0 554743 173240 BUILDING EQUITY - THE FUND SUPPORTS STRATEGIES THAT EXPAND ACCESS TO HOMEOWNERSHIP FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR COMMUNITIES AND HELP REDUCE RACIAL WEALTH DISPARITIES. BUILDING ON THE LEARNINGS FROM OUR SMALL MULTIFAMILY OWNERSHIP WORK, THE FUND FURTHER DEVELOPED OUR VALUING HOMES IN BLACK COMMUNITIES INITIATIVE (BUILDING EQUITY NEXT GENERATION) IN 2024. THIS WAS A HOLISTIC EFFORT TO TRANSFORM THE HOMEOWNERSHIP JOURNEY FOR BLACK COMMUNITIES AND ADDRESS WIDE-RANGING CHALLENGES AFFECTING BLACK COMMUNITIES' ABILITY TO BUILD AND SUSTAIN WEALTH THROUGH HOMEOWNERSHIP. SYNTHESIZING THE LEARNINGS FROM OUR ENGAGEMENT AND CO-DESIGN PROCESS, WE DEVELOPED THREE CORE STRATEGIES FOCUSED ON SUPPORTING BLACK HOMEOWNERSHIP. THE FUND PUBLISHED THESE RECOMMENDATIONS IN A REPORT AND SOUGHT TO ALIGN OUR WORK WITH COMPLEMENTARY EFFORTS IN THE TWIN CITIES. IN 2024, THE FUND INVESTED IN THE ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, A SPECIAL PURPOSE CREDIT DOWN PAYMENT ASSISTANCE PROGRAM LED BY THE MINNESOTA HOME OWNERSHIP CENTER AND TWIN CITIES HABITAT FOR HUMANITY WHICH IS ALSO PILOTING A POST-PURCHASE SUPPORT STRATEGY. OUR INVESTMENT SUPPORTED ACCESS TO CAPITAL POST-PURCHASE FOR NEW HOMEOWNERS AS WELL AS THE DEVELOPMENT OF POST-PURCHASE CURRICULUM AND COACHING. 1183688 1035600 EXPAND OPPORTUNITIES - THE FUND AIMS TO IMPROVE HOUSING STABILITY, REDUCE EVICTIONS AND DISPLACEMENT, IMPROVE HOUSING CHOICE, AND ENSURE ACCESS TO QUALITY, AFFORDABLE HOMES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES TO SYSTEMATICALLY ADDRESS THREATS TO HOUSING STABILITY AND CHOICE, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. THIS INCLUDES CONVENING PARTNERS ACROSS PRIVATE, NONPROFIT, AND PUBLIC SECTORS TO DEVELOP STRATEGIES FOR EXPANDING ACCESS TO EMERGENCY FINANCIAL ASSISTANCE, IDENTIFY AND ADDRESS THE IMPACTS OF CORPORATE-OWNED SINGLE-FAMILY RENTAL HOMES, DISRUPT DISCRIMINATORY TENANT SCREENING PRACTICES, AND IMPROVE THE QUALITY OF THE HOUSING STOCK ACROSS THE TWIN CITIES REGION. 408067 116760 ACTIVATE MORE HOUSING CHAMPIONS - THE FUND INCREASES PUBLIC WILL FOR HOUSING SOLUTIONS BY SUPPORTING ADVOCACY EFFORTS, PRODUCING AND PUBLISHING RESEARCH, AND ELEVATING HOUSING SUCCESS STORIES THROUGH ITS STRATEGIC COMMUNICATIONS. THE FUND ALSO STRENGTHENS THE LOCAL ECOSYSTEM OF HOUSING ORGANIZATIONS AND RESOURCES BY PROVIDING SUPPORT TO COMMUNITY-BASED PARTNER ORGANIZATIONS. IN 2024, THE FUND PUBLISHED FOUR REPORTS OF RESEARCH AND KEY LEARNINGS AND HOSTED FOUR VIRTUAL EVENTS WITH THE PUBLIC TO SHARE HOUSING LEARNINGS. 1387784 373672 607646 INCREASE SUPPLY-THIS PROGRAM AREA AIMS TO INCREASE HOUSING CHOICE AND AFFORDABILITY BY EXPANDING NEW APPROACHES TO HOUSING DEVELOPMENT AND PRESERVATION IN THE TWIN CITIES REGION. THE FUND INFORMS LOCAL POLICY THROUGHOUT THE REGION TO PRESERVE AND PRODUCE HOUSING, WHILE ALSO EXPLORING AND SUPPORTING NEW TOOLS FOR EXPANDING THE SUPPLY OF QUALITY, AFFORDABLE HOMES. IN 2024, THE FUND HELPED CONVENE A COALITION OF NONPROFIT HOUSING PROVIDERS TO EXPLORE CURRENT THREATS FACING THE AFFORDABLE HOUSING SECTOR AND IDENTIFY AND AMPLIFY POTENTIAL SOLUTIONS FOR BRINGING THE SECTOR BACK TO HEALTH. 1387784 373672 607646 3534282 1 1 0 1 0 0 0 0 0 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 0 0 0 0 1 19 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X ELLEN K SAHLI 6123759644 310 4TH AVE SOUTH STE 9000 MINNEAPOLIS MN 55415 ALENE TCHOURUMOFF CHAIRPERSON 3.00 X X 0 0 0 KASEY KIER VICE PRESIDENT 3.00 X X 0 0 0 JOHN QUINCY VICE PRESIDENT 3.00 X X 0 0 0 AARICA COLEMAN VICE PRESIDENT 3.00 X X 0 0 0 CRAIG KLAUSING VICE PRESIDENT 3.00 X X 0 0 0 AMY MCCULLOCH DIRECTOR 2.00 X 0 0 0 AMY STEZEL DIRECTOR 2.00 X 0 0 0 ANIKA BOWIE DIRECTOR 2.00 X 0 0 0 ANISHA MURPHY DIRECTOR 2.00 X 0 0 0 AURIN CHOWDHURY DIRECTOR 2.00 X 0 0 0 BILL DROSTE DIRECTOR 2.00 X 0 0 0 BRAD WIERSUM DIRECTOR 2.00 X 0 0 0 DANIELLE GRANT DIRECTOR 2.00 X 0 0 0 ELENA GAARDER DIRECTOR 2.00 X 0 0 0 ELFRIC PORTE DIRECTOR 2.00 X 0 0 0 JAKE LOESCH DIRECTOR 2.00 X 0 0 0 JEREMIAH ELLISON DIRECTOR 2.00 X 0 0 0 JOHN DECRAMER DIRECTOR 2.00 X 0 0 0 JONATHAN WEINHAGEN DIRECTOR 2.00 X 0 0 0 KATIE CASHMAN DIRECTOR 2.00 X 0 0 0 KIZZY DOWNIE DIRECTOR 2.00 X 0 0 0 NELSIE YANG DIRECTOR 2.00 X 0 0 0 NICHOL DEHMER DIRECTOR 2.00 X 0 0 0 SPENCER FINSETH DIRECTOR 2.00 X 0 0 0 TRAVIS BISTODEAU DIRECTOR 2.00 X 0 0 0 ELLEN K SAHLI PRESIDENT 40.00 X 241608 0 49148 FUMIKO SALONE DIRECTOR OF OPERATIONS 40.00 X 181602 0 36377 KIRSTIN BURCH PROGRAM DIRECTOR 40.00 X 147027 0 35312 KARYSSA SCHECK DEVELOPMENT AND COMM. OFFICER 40.00 X 116737 0 19410 686974 0 140247 4 0 1 0 COLLEEN EBINGER 4135 PILLSBURY AVE S MINNEAPOLIS MN 55409 NONPROFIT HOUSING STABILIZATION CONSULTI 188063 CLIFTON LARSON ALLEN 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 146945 2 1777049 1777049 INTEREST-HOUSING LOAN 624200 557391 557391 FEE INCOME 541610 6310 6310 563701 685539 685539 5033289 5033289 0 RETURNED GRANTS 624200 39445 39445 MISCELLANEOUS 624200 4500 4500 43945 3070234 607646 0 685539 X 1699272 1699272 285754 153988 82363 49403 675182 363845 194607 116730 54395 32290 13488 8617 84735 49675 21471 13589 73920 33851 29367 10702 148072 106937 41135 193421 193421 89000 89000 725635 638661 79952 7022 60428 32682 17573 10173 52873 29672 14695 8506 30286 21490 8796 38337 21659 10563 6115 48374 26605 13787 7982 PROVISION FOR LOAN LOSS 160385 160385 REPORTS AND COMMUNICATI 88196 73464 14732 MISCELLANEOUS 9059 806 8253 4517324 3534282 744203 238839 164081 690528 14240345 14620355 2675500 1760000 316632 51572 90939 88882 494333 475165 57505 19168 31819384 31427746 63901 19897 49428287 48678148 350361 155170 396000 597000 96327 70879 329944 298728 1172632 1121777 X 43920003 44025116 4335652 3531255 48255655 47556371 49428287 48678148 X -1447090 -463 748269 X 0 1 X 1 0 X X 4 CITY OF ST PAUL 416005521 6 1 0 0 CITY OF MINNEAPOLIS 416005375 6 1 0 0 METROPOLITAN COUNCIL 416008898 6 1 0 0 MINNESOTA HOUSING FINANCE AGENCY 411599130 6 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION B, LINE 2: AS A SUPPORTING ORGANIZATION OF GOVERNMENT, THE FAMILY HOUSING FUND WORKS COLLABORATIVELY WITH MINNESOTA HOUSING, THE METROPOLITAN COUNCIL, AND THE CITIES OF MINNEAPOLIS AND ST. PAUL, SUPPORTING THEIR HOUSING POLICIES AND PROGRAMS AND DELIVERING TESTED SOLUTIONS TO HOUSING CHALLENGES. THE FOUR GOVERNMENT ENTITIES APPOINT FOUR MEMBERS EACH TO THE FAMILY HOUSING FUND BOARD OF DIRECTORS. APPOINTMENTS BY GOVERNMENT PARTNERS RANGE FROM AGENCY LEADERSHIP, TO ELECTED OFFICIALS, TO COMMUNITY MEMBERS. THROUGH THEIR APPOINTED REPRESENTATION, EACH GOVERNMENT AGENCY PARTICIPATES IN GOVERNANCE OF THE FAMILY HOUSING FUND, INCLUDING FINANCIAL OVERSIGHT AND SETTING THE STRATEGIC DIRECTION. THIS INCLUDES THE APPROVAL OF GRANTS BEING AWARDED TO ORGANIZATIONS OTHER THAN THE SUPPORTED ORGANIZATIONS MENTIONED ABOVE. DETAILED DISCUSSIONS DURING BOARD MEETINGS SURROUNDING EACH GRANT AWARD CONSIDERED ENSURES THAT GRANTS AWARDED BY THE FAMILY HOUSING FUND FURTHER THE EXEMPT PURPOSE OF THE FAMILY HOUSING FUND AND ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89000 89000 4428324 4517324 375866 93967 0 0 1000000 628934 426831 375866 2431631 3647447 84000 84000 84000 89000 341000 250000 157234 106708 93967 607909 911864 285471 266303 19168 208862 208862 0 19168 NET LOAN RECEIVABLE 31427746 F 31427746 LOANS PAYABLE 277908 SHORT TERM LEASE 20820 298728 X 3818040 -463 748269 747806 3070234 0 3070234 4517324 0 4517324 0 4517324 PART X, LINE 2: THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION 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 FUND FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 748,269. 1 BUILDWEALTH MN 2121 PLYMOUTH AVE N MINNEAPOLIS MN 55411 251918239 200600 0 BUILDING EQUITY DOWN PAYMENT ASSISTANCE HEARTH CONNECTION 2446 UNIVERSITY AVE W SUITE 150 SAINT PAUL MN 55114 411945956 142000 0 TRANSFORMING COORDINATED ENTRY AND STRATEGIC MERGER DISCUSSIONS HOME LINE 8011 34TH AVE S 126 BLOOMINGTON MN 55425 411941115 75000 0 SUPPORT STRATEGIC PLANNING AND ORGANIZATIONAL CAPACITY BUILDING HOPE COMMUNITY 611 E FRANKLIN AVE MINNEAPOLIS MN 55404 411292817 26000 0 DEMOLITION COSTS OF DUNDRY HOUSE HOUSINGLINK 1400 VAN BUREN ST NE SUITE 215 MINNEAPOLIS MN 55413 411873314 100000 0 SUPPORT THE AFFORDABLE HOUSING DATA SYSTEMS PROJECT MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVE SUITE 140 SAINT PAUL MN 55114 411649643 100000 0 MINNESOTA ERASE CAMPAIGN MN HOMEOWNERSHIP CENTER 1000 PAYNE AVE SUITE 200 SAINT PAUL MN 55130 411741817 835000 0 SUPPORT ADVANCING BLACK HOMEOWNERSHIP POST-PURCHASE SUPPORT AND POST-PURCHASE STRATEGY DEVELOPMENT NEW AMERICAN DEVELOPMENT CENTER 2614 NICOLLET AVE S SUITE 207 MINNEAPOLIS MN 55408 320241006 50000 0 SUPPORT RENTER ENGAGEMENT, AND ADVANCE RENTAL HOUSING ACCESS PROJECT FOR PRIDE IN LIVING INC 1035 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 237232208 35000 0 SUPPORT THE MINNESOTA HOUSING STABILITY COALITION'S HIRING OF A LOBBYING TEAM REGENTS OF THE UNIVERSITY OF MINNESOTA C/O TAX MANAGEMENT OFFICE 2221 UNIVERSITY AVE SE SUITE 100 MINNEAPOLIS MN 55414 416007513 104000 0 SUPPORT RESEARCH FOR SFR HOMES TWIN CITIES HABITAT FOR HUMANITY 1954 UNIVERSITY AVENUE WEST SAINT PAUL MN 55104 363363171 31672 0 HOMESTEPS PROGRAM 11 0 PART I, LINE 2: FILES ARE KEPT ON GRANTEES AND GRANTS ARE AWARDED TO ORGANIZATIONS SPONSORING HOUSING BENEFITING LOW TO MODERATE INCOME PERSONS. X 0 0 0 0 0 0 0 0 0 ELLEN K SAHLI PRESIDENT 236608 0 5000 0 0 0 25800 0 23348 0 290756 0 0 0 FUMIKO SALONE DIRECTOR OF OPERATIONS 174748 0 6854 0 0 0 18802 0 17575 0 217979 0 0 0 KIRSTIN BURCH PROGRAM DIRECTOR 145335 0 1692 0 0 0 15232 0 20080 0 182339 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSISTS OF 24 MEMBERS, 4 MEMBERS ARE APPOINTED BY THE CITY OF SAINT PAUL (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE CITY OF MINNEAPOLIS (ONE OF WHOM IS A PERSONAL REPRESENTATIVE OF THE MAYOR), 4 BY THE METROPOLITAN COUNCIL AND 4 BY THE MINNESOTA HOUSING FINANCE AGENCY. THE REMAINING 8 MEMBERS ARE APPOINTED BY THE FAMILY HOUSING FUND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THE FINANCE COMMITTEE. THE FINANCE COMMITTEE CHAIR WILL THEN PRESENT THE FORM 990 TO THE BOARD AT THE NEXT REGULAR MEETING, BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C FAMILY HOUSING FUND'S CONFLICT OF INTEREST POLICY REQUIRES THAT, PRIOR TO ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR RESPONSIBLE PERSON WHO HAS A CONFLICT OF INTEREST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S DISCUSSION ON THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSONS SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. SUCH DISCLOSURES WILL BE REFLECTED IN THE MINUTES OF THE MEETING. IF IT WAS NOT ENTIRELY CLEAR WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, THEN THE PERSON WITH THE POTENTIAL CONFLICT WILL DISCLOSE THE CIRCUMSTANCES TO THE PRESIDENT, THE CHAIR OR THE CHAIR'S DESIGNEE, WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST. EACH RESPONSIBLE PARTY IS REQUIRED TO ANNUALLY SUBMIT A DISCLOSURE FORM IDENTIFYING THE BUSINESSES AND NONPROFIT ORGANIZATIONS OF WHICH SUCH RESPONSIBLE PERSON IS A DIRECTOR, OFFICER, EMPLOYEE OR PARTNER OR IN WHICH SUCH PERSON HAS AN OWNERSHIP INTEREST OF FIVE PERCENT OR MORE. THE POLICY IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ADJUST THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS, AT THEIR DISCRETION, THROUGH ANY COMBINATION OF A PERFORMANCE-BASED SALARY INCREASE. THE EXECUTIVE COMMITTEE SHALL BASE THE PRESIDENT'S COMPENSATION ADJUSTMENTS ON CONSIDERATION OF THE PRESIDENT'S PERFORMANCE, THE ORGANIZATION'S BUDGET, MARKET CONDITIONS AND FHFUND'S FINANCIAL POSITION. THE PRESIDENT HAS THE AUTHORITY TO ESTABLISH COMPENSATION FOR ALL OTHER STAFF AND THE COMPENSATION IS BASED ON JOB DESCRIPTIONS AND PERFORMANCE REVIEWS. COMPENSATION LEVELS ARE SET BY THE PRESIDENT AND APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 33,322. MANAGEMENT AND GENERAL EXPENSES 33,567. TOTAL EXPENSES 66,889. CONSULTING FEES: PROGRAM SERVICE EXPENSES 605,339. MANAGEMENT AND GENERAL EXPENSES 46,385. FUNDRAISING EXPENSES 7,022. TOTAL EXPENSES 658,746. FORM 990, PART XI, LINE 9: GAIN FROM DECREASE IN PRESENT VALUE DISCOUNT OF LOANS RECEIVABLE 748,269. ADJUSTMENT FOR PRIOR YEAR SCHEDULE I GRANT REPORTING