2025-10-16T15:35:51-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-01-01 411836919 GREATER MINNESOTA HOUSING FUND GREA 6512211997 2550 UNIVERSITY AVE W 201-S ST PAUL MN 55114 BARB SPORLEIN CHIEF OPERATING OFFICER 6512211997 2025-10-16 1 1 SARAH HINTZ P00492291 7196350330 2025-10-15 2024 2025-03-06 01:10:19Z X BARB SPORLEIN 2550 UNIVERSITY AVE W 201-S ST PAUL MN 55114 157177023 0 X WWW.GMHF.COM X 1996 MN SUPPORTING THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN GREATER MINNESOTA. 15 15 38 15 0 0 13314955 25989101 5922877 13722128 1905083 617319 0 0 21142915 40328548 1320007 1911817 0 0 4770532 5804945 0 0 0 4589414 10024453 10679953 17741215 10462962 22587333 236535724 302777264 108235790 150763626 128299934 152013638 X PLEASE SEE SCHEDULE O.FOUNDED IN 1996 BY THE MCKNIGHT FOUNDATION AND BLANDIN FOUNDATION, GREATER MINNESOTA HOUSING FUND (GMHF) IS A 501 (C)(3) NONPROFIT, CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WITH THE MISSION OF SUPPORTING THE CREATION OF STRONG COMMUNITIES AND AFFORDABLE HOMES BY MAKING STRATEGIC INVESTMENTS AND FORMING EFFECTIVE PARTNERSHIPS. GMHF PROVIDES LOANS, GRANTS AND INVESTMENTS FOR THE CREATION AND PRESERVATION OF MULTIFAMILY RENTAL HOUSING AND SINGLE-FAMILY HOMES, AS WELL AS MISSION-RELATED PROGRAM SERVICES SUCH AS CAPACITY-BUILDING TECHNICAL ASSISTANCE AND GRANT MAKING. GMHF OPERATES EDUCATIONAL PROGRAMS, CONDUCTS RESEARCH AND PROGRAM DEVELOPMENT ON AFFORDABLE HOUSING CHALLENGES AND OPPORTUNITIES, CONDUCTS DEMONSTRATION PROJECTS, PILOTS NEW PROGRAMS AND PRODUCTS, ADVOCATES FOR SYSTEMS CHANGE, AND PROMOTES INCREASED LEVELS OF PUBLIC AND PRIVATE SUPPORT FOR THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN MINNESOTA. 0 0 8535743 0 13015728 AFFORDABLE HOUSING LENDING: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF AFFORDABLE HOUSING LENDING.GREATER MINNESOTA HOUSING FUND (GMHF) OPERATES A REVOLVING LOAN FUND AND ANNUALLY PROVIDES BETWEEN $80 MILLION AND $100 MILLION IN A VARIETY OF LOANS TO ASSIST AFFORDABLE HOUSING DEVELOPMENT ORGANIZATIONS CREATE OR PRESERVE APPROXIMATELY 1,000 PERMANENTLY AFFORDABLE MULTIFAMILY AND SINGLE-FAMILY HOMES. GMHF PROVIDES LOW-COST LOANS FOR PLANNING AND PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION, REHABILITATION, TAX INCREMENT AND EQUITY-BRIDGE FINANCING, FIRST MORTGAGE LOANS, AND WORKING CAPITAL ENTERPRISE LEVEL LOANS FOR QUALIFIED AFFORDABLE HOUSING DEVELOPMENT ORGANIZATIONS. THESE LOANS ENSURE AFFORDABLE HOUSING DEVELOPERS HAVE THE CAPITAL NECESSARY TO UNDERTAKE HIGH-PRIORITY MULTIFAMILY AND SINGLE-FAMILY AFFORDABLE HOUSING REAL ESTATE DEVELOPMENTS IN COMMUNITIES THROUGHOUT MINNESOTA. 4548854 1911816 381292 AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF GMHF'S AFFORDABLE HOUSING PROGRAMS, PLANNING AND TECHNICAL ASSISTANCE.MORE THAN JUST A LENDER, GREATER MINNESOTA HOUSING FUND IS KNOWN FOR ITS INNOVATION AND CREATIVE APPROACHES TO MINNESOTA'S AFFORDABLE HOUSING CHALLENGES:GRANTMAKING: GMHF AWARDS GRANTS TO A VARIETY OF INDIVIDUALS AND ORGANIZATIONS ACROSS THE STATE THAT ADVANCE THE GMHF PROGRAMS DESCRIBED BELOW AND FOR STRATEGIC AND SPECIALIZED OPPORTUNITIES SUCH AS AFFORDABLE HOUSING ADVOCACY, LEGAL SERVICES, TENANT ORGANIZING, HOMEBUYER AND DEVELOPER TRAINING, HOUSING RESEARCH, COMMUNITY-BASED PLANNING, CROSS-SECTOR COLLABORATION, LOCAL PLANNING, TECHNICAL ASSISTANCE, AND OTHER ACTIVITIES TO ADVANCE THE AFFORDABLE HOUSING AGENDA IN MINNESOTA.PROGRAMS AND INITIATIVES: GMHF IMPLEMENTS A SERIES OF PROGRAMS TO PROMOTE BEST PRACTICES IN THE AFFORDABLE HOUSING FIELD, INCLUDING:(A) EMERGING DEVELOPERS PROGRAM SUPPORTS EMERGING DEVELOPERS IN THEIR GROWTH AS AFFORDABLE HOUSING DEVELOPERS BY OFFERING GRANT FUNDING, TECHNICAL ASSISTANCE, AND TRAINING;(B) HOUSING & HEALTH EQUITY INITIATIVE LINKS HEALTHCARE ORGANIZATIONS WITH THE HOUSING COMMUNITY TO CREATE INVESTMENT AND INNOVATIVE HOUSING SOLUTIONS;(C) RURAL AND TRIBAL CAPACITY BUILDING BRINGS AFFORDABLE HOUSING FROM CONCEPT TO COMPLETION IN GREATER MN BY OFFERING TECHNICAL ASSISTANCE, PLANNING SUPPORT, AND GRANTS;(D) GREEN LENDING INITIATIVE SUPPORTS THE ELECTRIFICATION AND DECARBONIZATION OF EXISTING AND NEW AFFORDABLE HOUSING BY LEVERAGING LOCAL, STATE, AND FEDERAL RESOURCES AND OFFERING TECHNICAL ASSISTANCE, RESOURCE MATCHING, FINANCING, AND DEMONSTRATION PROJECTS;(E) SMALL NOAH PROGRAM SUPPORTS SMALL AND EMERGING LANDLORDS IN ACQUIRING AND PRESERVING NATURALLY OCCURRING AFFORDABLE UNITS THROUGHOUT MINNESOTA'S RURAL AND URBAN AREAS.GMHF SERVES AS FISCAL SPONSOR FOR THE HEADING HOME MINNESOTA FUNDERS COLLABORATIVE WHOSE PURPOSE IS TO ENGAGE PHILANTHROPY IN SUPPORTING STATE AND LOCAL PLANS TO END AND PREVENT HOMELESSNESS AND GREATER PRODUCTION OF PERMANENT SUPPORTIVE HOUSING WITH SERVICES.RESEARCH AND DEVELOPMENT: GMHF CONDUCTS RESEARCH ON BEST PRACTICES AND STRATEGIES IN AFFORDABLE HOUSING AND DEVELOPS DEMONSTRATION PROJECTS, AS WELL AS PILOT PROGRAMS AND INITIATIVES THAT CAN BE ADOPTED AND IMPLEMENTED STATEWIDE. 1639513 0 325108 AFFORDABLE HOUSING INVESTING ACTIVITIES: PLEASE SEE SCHEDULE O FOR THE DESCRIPTION OF NOAH IMPACT FUND LLC (NIF) AND MINNESOTA EQUITY FUND (MEF).NOAH IMPACT FUND LLC (NIF), A NON-PROFIT SUBSIDIARY OF GMHF, WAS ORGANIZED IN 2017 TO PRESERVE EXISTING OLDER, MARKET RATE BUT AFFORDABLE CLASS B AND CLASS C RENTAL HOUSING AT RISK OF LOST AFFORDABILITY DUE TO UPSCALING BY INVESTORS. NIF'S ACTIVITIES ARE DESIGNED TO FURTHER THE CHARITABLE PURPOSE OF ITS PARENT, GMHF, BY RAISING SOCIAL IMPACT CAPITAL FROM FINANCIAL INSTITUTIONS, STATE AND LOCAL GOVERNMENT, AND PHILANTHROPY TO COMPETE IN THE RENTAL MARKET AND ACQUIRE UNSUBSIDIZED RENTAL HOUSING, THUS PRESERVING ITS AFFORDABILITY, ENSURING THAT IT CONTINUES TO ACCEPT SECTION 8 AND OTHER RENTAL ASSISTANCE, AND PREVENTING THE DISPLACEMENT OF LOWER-INCOME RESIDENTS. NOAH, OR NATURALLY OCCURRING AFFORDABLE HOUSING, IS THE LARGEST SOURCE OF AFFORDABLE HOUSING ACROSS THE COUNTRY. NIF RAISED $32.5 MILLION IN NOAH POOL I LLC (NP1), WHICH CLOSED ON JUNE 1, 2017. NP1 DEPLOYED $30.6 MILLION TO PRESERVE 701 NOAH UNITS. NIF'S ACTIVITIES WERE PAUSED FROM 2020 TO 2023 DUE TO THE COVID-19 PANDEMIC AND RELATED ECONOMIC DISRUPTIONS. NIF THEN RAISED $33.5 MILLION TO CAPITALIZE NOAH POOL II LLC (NP2). NP2 CLOSED ON MAY 31,2024 AND IS EXPECTED TO PRESERVE THE AFFORDABILITY OF 500+ NOAH UNITS.MINNESOTA EQUITY FUND, LLC, A NON-PROFIT SUBSIDIARY OF GMHF, WAS CREATED IN 2011 TO ASSEMBLE PRIVATE EQUITY CAPITAL FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE RENTAL HOUSING THROUGH THE SYNDICATION OF FEDERAL LOW-INCOME HOUSING TAX CREDITS (LIHTCS) AND, OCCASIONALLY, FEDERAL HISTORIC TAX CREDITS AND ENERGY-RELATED TAX CREDITS. THROUGH THE END OF 2024, MEF HAS FACILITATED THE INVESTMENT OF OVER $320 MILLION OF GROSS EQUITY IN 55 PROJECTS WITH 2,976 NEW AND PRESERVED UNITS IN MINNESOTA AND OTHER STATES THROUGH MULTI-INVESTOR AND SINGLE INVESTOR FUNDS. IN ADDITION TO FINANCING AFFORDABLE WORKFORCE HOUSING FOR FAMILIES AND INDIVIDUALS AND AFFORDABLE HOUSING FOR SENIORS, MEF HAS FUNDED PERMANENT SUPPORTIVE HOUSING WHICH COMBINES HOUSING AND SERVICES TO HELP STABILIZE FORMERLY HOMELESS PEOPLE WHO SUFFER FROM CHRONIC HEALTH PROBLEMS INCLUDING MENTAL ILLNESS AND SUBSTANCE USE DISORDERS, AND MAY OTHERWISE BE HARD TO HOUSE. 14724110 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 53 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X BARB SPORLEIN 6512211997 2550 UNIVERSITY AVENUE W SUITE SAINT PAUL MN 55114 STEPHANIE CUMMINGS BOARD CHAIR 2.00 X X 0 0 0 TODD PRAFKE BOARD VICE CHAIR 2.00 X X 0 0 0 CHERYL KEY BOARD SECRETARY & TREASURER 2.00 X X 0 0 0 MITCHELL BERG DIRECTOR 2.00 X 0 0 0 KIM BRETHEIM DIRECTOR 2.00 X 0 0 0 JOSEPH ERRIGO DIRECTOR 2.00 X 0 0 0 ROSYMAR HJERMSTAD DIRECTOR 2.00 X 0 0 0 NATALIE JONES DIRECTOR 2.00 X 0 0 0 STEPHANIE KLINZING DIRECTOR 2.00 X 0 0 0 ANGELA LARSON DIRECTOR 2.00 X 0 0 0 JENNIFER MENDOZA DIRECTOR 2.00 X 0 0 0 JORGE PRINCE DIRECTOR 2.00 X 0 0 0 CHAR ROBERTS DIRECTOR 2.00 X 0 0 0 DALE ROEMMICH DIRECTOR 2.00 X 0 0 0 NANCY VYSKOCIL DIRECTOR 2.00 X 0 0 0 ANDREA BRENNAN PRESIDENT/CEO BEGINNING 40.00 X 308858 0 92006 BARBARA SPORLEIN CHIEF OPERATING OFFICER 40.00 X 218684 0 104285 KYLE LARSON CHIEF FINANCIAL OFFICER 40.00 X 235422 0 33555 JOHN ERRIGO MANAGING DIRECTOR OF EQUITY INVESTING 40.00 X 228084 0 64197 JOHN ROCKER MANAGING DIRECTOR OF LENDING 40.00 X 205577 0 69197 ERIC MUSCHLER DIRECTOR OF HOUSING AND HEALTH EQUITY 40.00 X 145974 0 58518 MATTHEW HOLLAND CONTROLLER 40.00 X 131994 0 58153 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLABORATIVE DIREC 40.00 X 126366 0 49510 1600959 0 529421 18 0 1 0 0 6960000 19029101 25989101 INTEREST INCOME ON LOA 531390 12187600 12187600 ACQUISITION FEES 522291 596517 596517 LOAN ORIGINATION FEES 522291 367268 367268 PROGRAM FEES 522291 354134 354134 ALL OTHER PROGRAM REVE 522291 216609 216609 13722128 1073900 1073900 116391894 116832091 16384 -440197 -16384 -456581 -456581 40328548 13722128 0 617319 X 1876817 1876817 35000 35000 992810 616664 376146 3441227 2596826 844401 314250 237916 76334 744282 550752 193530 312376 227613 84763 245635 245635 259731 259731 147604 147604 2069568 1628644 440924 208880 152200 56680 93390 68049 25341 3282006 3282006 33724 24573 9151 194138 110954 83184 PROVISION FOR CREDIT LO 2140637 2140637 MISCELLANEOUS EXPENSES 852992 849222 3770 REPAIRS AND MAINTENANCE 276144 201212 74932 TRAINING AND DEVELOPMEN 146004 125025 20979 74000 74000 17741215 14724110 3017105 0 9130600 16158619 5391319 5883496 4277803 2335000 272157 232222 142418 53460 81018 88958 35863843 35813121 739901 692583 180334154 240182177 444929 1391088 236535724 302777264 2112229 3325090 225373 908715 4623097 8268579 95153326 136225216 6121765 2036026 108235790 150763626 X 119484223 141061089 8815711 10952549 128299934 152013638 236535724 302777264 X 22587333 -457518 1583889 X X 0 1 X 1 1 1 X 10484321 12567187 14314340 13314955 25989101 76669904 10484321 12567187 14314340 13314955 25989101 76669904 7942779 68727125 1027386 929360 1258784 2267223 1073900 6556653 51176 72646 10680 134502 83361059 39595128 0.82450 0.72450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 51,176. 2021 AMOUNT: $ 72,646. 2024 AMOUNT: $ 10,680. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 75500 75500 0 PART II-B, LINE 1: AS A STATEWIDE HOUSING ORGANIZATION, GMHF SEEKS TO EDUCATE POLICY MAKERS AT THE LOCAL, STATE AND FEDERAL LEVELS ABOUT AFFORDABLE HOUSING. GMHF IS INVOLVED- ALONG WITH THE FAMILY HOUSING FUND (ANOTHER AFFORDABLE HOUSING ORGANIZATION)) - ADVOCATING FOR SPECIFIC AFFORDABLE HOUSING POLICIES AND PROGRAMS AT THE MINNESOTA STATE LEGISLATURE. ADVOCATING FOR ADVANCEMENT OF SPECIFIC AFFORDABLE HOUSING POLICIES AND PROGRAMS AT THE MINNESOTA STATE LEGISLATURE. THE COMBINED EFFORT ALLOWS THE TWO FUNDS TO SPEAK KNOWLEDGEABLY ABOUT RURAL, AND URBAN AFFORDABLE HOUSING ISSUES IN MINNESOTA. 0 0 142418 53460 88958 88958 FEDERAL HOME LOAN MORTGAGES 23696797 F HOUSING LOANS, NET OF ALLOWANCES 216485380 F 240182177 LEASE LIABILITIES 36026 CIA ADVANCE 2000000 2036026 X 41296635 -457518 1573209 1115691 40180944 147604 147604 40328548 17582931 0 17582931 147604 10680 158284 17741215 PART X, LINE 2: GREATER MINNESOTA HOUSING FUND (GMHF) IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. GMHF CURRENTLY HAS NO UNRELATED BUSINESS INCOME AND IS NOT CONSIDERED A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THEREFORE, ALL CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. GREATER MINNESOTA HOUSING CORPORATION IS A WHOLLY OWNED LIMITED LIABILITY CORPORATION OF GMHF AND ALL ITS ACTIVITIES ARE INCLUDED ON THE FILINGS WITH GMHF. MEF AND NOAH IMPACT FUND LLC ARE SINGLE MEMBER LLCS AND ALL OF THEIR RESPECTIVE ACTIVITIES ARE INCLUDED ON THE FILINGS WITH THE GMHF. GMHF FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. GMHF IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS IT HAS TAKEN. GMHF IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES HAVE THE RIGHT TO EXAMINE RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE DISCOUNT 1,573,209. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS RETURNED 10,680. 1 AHC EDUCATION AND LEADERSHIP CENTER 165 WESTERN AVE N STE 12 SAINT PAUL MN 55102 851772164 501(C)(3) 10000 0 NA NA FUNDING TO SUPPORT SCHOLARSHIPS FOR STUDENTS ENROLLED IN THE LEADERSHIP IN AFFORDABLE HOUSING CERTIFICATE PROGRAM AMERICAN INDIAN COMMUNITY HOUSING ORGANIZATION 202 WEST 2ND STREET DULUTH MN 55802 411782394 501(C)(3) 187500 0 NA NA FUNDING FOR REGIONAL KITCHEN TABLE LED BY PEOPLE WITH LIVED EXPERIENCE FACING HOUSING INSTABILITY BLUU NORTHSIDE CO-OP HOUSING INITIATIVE 3500 DUPONT AVENUE SOUTH MINNEAPOLIS MN 55408 832287537 501(C)(3) 10000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 1338 NORTH LOGAN AVENUE IN MINNEAPOLIS CORPORATION FOR SUPPORTIVE HOUSING 55 BROADWAY 10 FLOOR NEW YORK NY 10006 133600232 501(C)(3) 40000 0 NA NA COVER PORTION OF COSTS RELATED TO STRENGTHENING MN SUPPORTIVE HOUSING ALLIANCE DC LEGACY DEVELOPMENT 1750 H STREET NW 300 WASHINGTON DC 20006 922351962 30000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 2120 ALDRICH AVENUE N AND 2919 PENN AVENUE N IN DIVINE KONNECTIONS INC 2122 WOODLAND AVE DULUTH MN 55803 850808588 501(C)(3) 50000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF AFFORDABLE OWNER OCCUPIED DUPLEX AT 2008-20016 W 4TH ST IN DULUTH ENGAGE WINONA PO BOX 455 WINONA MN 55987 822726124 501(C)(3) 45000 0 NA NA FUNDING FOR REGIONAL KITCHEN TABLE LED BY PEOPLE WITH LIVED EXPERIENCE FACING HOUSING INSTABILITY ENGAGE WINONA PO BOX 455 WINONA MN 55987 822726124 501(C)(3) 187500 0 NA NA FUNDING FOR REGIONAL KITCHEN TABLE LED BY PEOPLE WITH LIVED EXPERIENCE FACING HOUSING INSTABILITY FACE TO FACE HEALTH AND COUNSELING 1165 ARCADE STREET SAINT PAUL MN 55106 410986780 501(C)(3) 50000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 1170 ARCADE STREET IN SAINT PAUL FAMILY HOUSING FUND 310 4TH AVENUE S 9000 MINNEAPOLIS MN 55415 411380923 501(C)(3) 25000 0 NA NA COVER A PORTION OF THE ESTIMATED $70,000 TO EXPLORE AND FACILITATE THE ACQUISITION OF MN COALITION FOR THE HOMELESS BY HEARTH CONNECTION HAZAELEE SELLERS 2647 KNOX AVENUE N MINNEAPOLIS MN 55411 873735018 6500 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 1943 OLIVER AVENUE N HEARTH CONNECTION 2446 UNIVERSITY AVE W SUITE 150 SAINT PAUL MN 55114 411945956 501(C)(3) 40000 0 NA NA SUPPORT LEGISLATIVE ADVOCACY FOR IMPROVING STATE HOUSING STABILIZATION SERVICES. HEARTLAND LAKES DEVELOPMENT COMMISSION 100 8TH STREET E PARK RAPIDS MN 56470 204208381 501(C)(3) 10000 0 NA NA COVER A PORTION OF THE COSTS RELATED TO HOUSING NEEDS ASSESSMENT AND MARKET STUDY FOR HUBBARD COUNTY HIDALGO INVESTMENTS 475 BRICKELL AVE APT 4415 MIAMI FL 33131 331798497 50000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 150 CENTRAL AVENUE IN LONG PRAIRIE HOUSING JUSTICE CENTER 275 4TH STREET E STE 590 SAINT PAUL MN 55101 411930525 501(C)(3) 375000 0 NA NA FUNDING FOR REGIONAL KITCHEN TABLE LED BY PEOPLE WITH LIVED EXPERIENCE FACING HOUSING INSTABILITY L&M HOMES LLC 326 S MERIDIAN AVE VALLEY CENTER KS 67147 474321858 25000 0 NA NA COVER A PORTION OF THE COSTS RELATED TO REHABILITATION OF TWO DUPLEX PROPERTIES IN MINNEAPOLIS WHICH WILL BE CONVERTED TO 4 AFFORDABLE CONDOMINIUMS LEECH LAKE FINANCIAL SERVICES 113 SPRUCE AVE NE CASS LAKE MN 56633 462579700 501(C)(3) 50000 0 NA NA PREDEVELOPMENT COSTS FOR CREATION OF 20 SINGLE FAMILY HOMES IN CASS, ITASCA, HUBBARD, AND BELTRAMI COUNTIES LIFE COMMUNITY DEVELOPMENT CORPORATION 400 13TH AVE SE ROCHESTER MN 55904 472477388 501(C)(3) 50000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF LIFE COMMUNITY AFFORDABLE HOUSING IN ROCHESTER LIFE HOUSE INC 102 WEST 1ST STREET DULUTH MN 55802 411704840 501(C)(3) 29866 0 NA NA FUNDING TO SUPPORT STREET WISE'S PROGRAM WITH THE DULUTH KITCHEN TABLE MINNESOTA COALITION FOR THE HOMELESS 2233 UNIVERSITY AVENUE WEST 423 SAINT PAUL MN 55114 411601248 501(C)(3) 15000 0 NA NA SPONSORSHIP FOR HOMELESS DAY AT THE HILL AND CONFERENCE MINNESOTA HOMEOWNERSHIP CENTER 1000 PAYNE AVENUE SAINT PAUL MN 55130 411741817 501(C)(3) 50000 0 NA NA SUPPORT MHC FOUR STRATEGIES TO ADVANCE QUITY IN HOMEOWNERSHIP IN 2025 MINNESOTA HOUSING 400 WABASHA STREET N SUITE 400 SAINT PAUL MN 55102 50000 0 NA NA PART OF REGIONAL PLANNING GRANTS DISTRIBUTED TO SIX CONTINUUMS OF CARE AND TRIBAL COLLABORATIVE IN GREATER MN THROUGH AN RFP PROCESS MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVENUE W 106 SAINT PAUL MN 55141 411649643 501(C)(3) 155000 0 NA NA COSTS ASSOCIATED WITH LOCAL HOUSING TRUST FUND TECHNICAL ASSISTANCE, PROMOTION OF NEW STATE TAX CREDIT CONTRIBUTION FUND, HOUSING INSTITUTES ROUND 9, AND POLICY DEVELOPMENT NICHOLAS CAPITAL & WENRICH PROPERTY 332 MINNESOTA STREET SAINT PAUL MN 55101 814175643 50000 0 NA NA PREDEVELOPMENT COSTS FOR THE ACQUISITION AND REHABILIATION OF 127 SIBLEY AVENUE N IN LITCHFIELD PRIDE FOR PROJECT IN LIVING INC 1035 E FRANKLIN AVE MINNEAPOLIS MN 55404 237232208 501(C)(3) 35000 0 NA NA COVER PORTION OF THE COST TO HIRE A LOBBYIST TO WORK WITH MINNESOTA HOUSING STABILITY COALITION RELATED TO 2025 LEGISLATIVE SESSION PROJECT RESTORE MINNESOTA 149 SIDNEY STREET E SAINT PAUL MN 55107 852185349 501(C)(3) 34540 0 NA NA PREDEVELOPMENT COSTS FOR THE ACQUISITION AND REHABILIATION OF 631 E 3RD STREET IN DULUTH RED LAKE SUPPORTIVE HOUSING 2 15484 MIGIZI DRIVE RED LAKE MN 56671 371537990 501(C)(3) 50000 0 NA NA APPLICATION AND PREDEVELOPMENT EXPENSES ASSOCIATED WITH SUBMITTING AN APPLICATION FOR FUNDING TO MINNESOTA HOUSING FOR RED LAKE SUPPORTIVE HOUSING 3 RICHARD WHITE INVESTMENTS 498 SEVENTH AVENUE 12TH FLOOR NEW YORK NY 10018 20000 0 NA NA PREDEVELOPMENT COSTS FOR THE REHABILIATION OF AN AFFORDABLE 4 UNIT RENTAL PROPERTY LOCATED AT 1615 LOWRY AVE N IN MINNEAPOLIS STEPS OF STRATEGY 1803 N BRYANT AVE MINNEAPOLIS MN 55411 455454237 501(C)(3) 50000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF HOUSING UNITS FOR INDIVIDUALS EXPERIENCING HOMELESSNESS IN MORRISON COUNTY TOP DOG INVESTMENTS 8939 S SEPULVEDA BLVD STE 110 WESTCHESTER CA 90045 852185349 501(C)(3) 15460 0 NA NA PREDEVELOPMENT COSTS FOR THE ACQUISITION AND REHABILIATION OF 631 E 3RD STREET IN DULUTH WAKEY REAL ESTATE 332 MINNESOTA STREET SAINT PAUL MN 55101 465076534 25000 0 NA NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF 419 4TH AVE NE IN WAITE PARK WATCHMEN PROPERTIES 724 W 500 S WOODS CROSS UT 84087 874089760 50000 0 NA NA PREDEVELOPMENT COSTS FOR THE ACQUISITION AND REDEVELOPMENT OF THE TWELFTH STEP HOUSE, A TRANSITIONAL HOUSING DEVELOPMENT LOCATED IN VIRGINIA MN 23 8 INDIVIDUAL ASSISTANCE 1 35000 0 NA PREDEVELOPMENT COSTS FOR DEVELOPMENT OF AFFORDABLE OWNER OCCUPIED DUPLEX AT 630 4TH STREET PART I, LINE 2: THE ORGANIZATION REQUIRES ANY GRANTEE TO SUBMIT ANNUAL WRITTEN REPORTS ON THE USE OF THE FUNDS PROVIDED BY GMHF OVER THE COURSE OF THE TERM OF THE GRANT (GENERALLY ONE YEAR). PART III, COLUMN (B): PREDEVELOPMENT COSTS RELATED TO THE DEVELOPMENT OF AN ADDITIONAL UNIT AT 1811-1813 OLIVER ST N, IN MINNEAPOLIS. X X X X 0 1 0 0 0 0 0 0 0 ANDREA BRENNAN PRESIDENT/CEO BEGINNING 308858 0 0 0 0 0 33357 0 58649 0 400864 0 0 0 BARBARA SPORLEIN CHIEF OPERATING OFFICER 218684 0 0 0 0 0 25369 0 78916 0 322969 0 0 0 JOHN ERRIGO MANAGING DIRECTOR OF EQUITY INVESTIN 228084 0 0 0 0 0 23259 0 40938 0 292281 0 0 0 JOHN ROCKER MANAGING DIRECTOR OF LENDING 205577 0 0 0 0 0 23311 0 45886 0 274774 0 0 0 KYLE LARSON CHIEF FINANCIAL OFFICER 235422 0 0 0 0 0 24130 0 9425 0 268977 0 0 0 ERIC MUSCHLER DIRECTOR OF HOUSING AND HEALTH EQUIT 145974 0 0 0 0 0 14597 0 43921 0 204492 0 0 0 MATTHEW HOLLAND CONTROLLER 131994 0 0 0 0 0 14709 0 43444 0 190147 0 0 0 PATRICK NESS HEADING HOME MINNESOTA FUNDERS COLLA 126366 0 0 0 0 0 13583 0 35927 0 175876 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF FIVE MEMBERS OF THE BOARD OF DIRECTORS AS DESIGNATED BY THE FULL BOARD. THE EXECUTIVE COMMITTEE HAS THE FULL AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE FULL BOARD AND CONDUCTS THE ANNUAL REVIEW AND COMPENSATION OF THE PRESIDENT/CEO. FORM 990, PART VI, SECTION A, LINE 2 JOHN ERRIGO AND JOSEPH ERRIGO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COO AND CONTROLLER REVIEW THE DRAFT OF THE 2024 FORM 990 TAX RETURN. ONCE THE REVIEW IS COMPLETE, THE FILED COPY OF THE FORM 990 TAX RETURN IS SHARED WITH THE BOARD OF DIRECTORS. FOR 2025, THE REVIEW WITH THE BOARD OF DIRECTORS IS NOVEMBER 7TH. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE COMPLETED ANNUALLY BY THE ORGANIZATION'S OFFICERS AND BOARD MEMBERS. CONFLICT OF INTEREST DISCLOSURE IS A STANDING AGENDA ITEM AT THE START OF EACH BOARD AND COMMITTEE MEETING. CONFLICT DETERMINATIONS ARE MADE BY THE BOARD CHAIR. BOARD MEMBERS WITH A CONFLICT DO NOT VOTE ON THE CONFLICTING MATTER, AND MAY OR MAY NOT PARTICIPATE IN DISCUSSION OF THE MATTER AS DECIDED BY THE BOARD MEMBERS NOT IN CONFLICT. ALL PROCEEDINGS TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEW AND COMPENSATION OF THE PRESIDENT/CEO IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING APPROPRIATE COMPARABILITY DATA. AS PART OF THE ANNUAL REVIEW, THE EXECUTIVE COMMITTEE RECOMMENDS THE SALARY FOR THE NEXT CALENDAR YEAR. THE COMPENSATION OF OTHER OFFICER'S AND STAFF IS DETERMINED BY AN ANNUAL REVIEW OF PERFORMANCE AND OTHER CONSIDERATIONS BY THEIR MANAGER. THE PRESIDENT/CEO REVIEWS AND APPROVES ALL PERFORMANCE REVIEWS. THIS PROCESS IS COMPLETED AT THE BEGINNING OF EACH CALENDAR YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE ON ITS WEBSITE AND UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 944,565. MANAGEMENT AND GENERAL EXPENSES 23,350. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 967,915. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 684,079. MANAGEMENT AND GENERAL EXPENSES 417,574. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,101,653. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE DISCOUNT 1,573,209. GRANTS RETURNS 10,680. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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