2025-11-17T16:57:05-06:00 2024-12-31 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2024-01-01 411753148 THE RONDO COMMUNITY LAND TRUST ROND 6512219884 1041 SELBY AVE ST PAUL MN 55104 MIKEYA GRIFFIN EXECUTIVE DIRECTOR 6512219884 2025-11-17 1 1 BRIAN ARONSON P01425251 3192346885 2025-11-17 2024 2025-03-06 01:10:19Z MIKEYA GRIFFIN 1041 SELBY AVE ST PAUL MN 55104 17730328 0 X WWW.RONDOCLT.ORG X 1993 MN PERMANENTLY AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP, RENTALS, AND COMMERCIAL OPPORTUNITIES. 12 12 10 15 0 0 9649088 14386815 209393 239879 52235 306291 -23933 -125736 9886783 14807249 966466 4640115 0 0 583773 894983 0 0 144941 1174365 2405063 2724604 7940161 7162179 6867088 14858035 22434789 2539370 3158829 12318665 19275960 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 7386388 4640115 231795 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. 144202 30976 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. 7530590 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 42 0 1 10 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 0 1 1 0 1 1 1 0 0 MN X MIKEYA GRIFFIN 6512219884 1041 SELBY AVE ST PAUL MN 55104 CHARLES BRADLEY PRESIDENT 1.00 X X 0 0 0 SHANNON BRUNETTE VICE PRESIDENT 1.00 X X 0 0 0 KATE SPEED TREASURER 1.00 X X 0 0 0 TRISH DEANDA TREASURER 1.00 X X 0 0 0 BROOKE BLAKEY SECRETARY 1.00 X X 0 0 0 PARIS SERVIN-GONZALES SECRETARY (END 6/2024) 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 JESSICA JAMES DIRECTOR 1.00 X 0 0 0 TIFFANCY PRICE DIRECTOR (BEG 6/2024) 1.00 X 0 0 0 REKIK ENDESHAW DIRECTOR (BEG 6/2024) 1.00 X 0 0 0 RALONDA MCKINLEY DIRECTOR (END 6/2024) 1.00 X 0 0 0 MIKEYA GRIFFIN EXECUTIVE DIRECTOR 40.00 X 128139 0 12516 ELIZABETH COCO DEPUTY DIRECTOR 40.00 X 104561 0 3137 232700 0 15653 2 0 0 0 HOMES BY BELTRAN LLC 7041 KENMARE DR BLOOMINGTON MN 55438 CONSTRUCTION 832999 ZURI 3 CONSTRUCTION LLC 413 WACOUTA ST STE 300 ST PAUL MN 55101 CONSTRUCTION 483723 IS RESTAURANT DESIGN & EQUIPMENT COMPANY 1421 B AVE SOUIX FALLS SD 57104 DESIGN & INSTALLATION SERVICES 300515 ALL IN ONE ACCOUNTING 1715 YANKEE DOODLE ROAD STE 305 EAGAN MN 55121 ACCOUNTING SERVICES 175042 URBANE DEVELOPMENT GROUP LTD 135 MADISON AVE 8TH FLOOR NEW YORK NY 10016 DISCOVER & FIELD RESEARCH CLIMATE PROJEC 150967 7 69887 5258701 9058227 1639339 14386815 RENTAL INCOME 531190 227384 227384 LEASE FEES 531190 12495 12495 239879 214480 214480 2657185 201382 2614800 151956 42385 49426 91811 91811 7695 69887 156323 -148628 -148628 22892 22892 22892 14807249 262771 0 157663 4640115 4640115 139643 115350 13571 10722 571962 471802 55506 44654 13170 11048 1300 822 110005 92284 10856 6865 60203 49617 5837 4749 7044 5993 701 350 85386 72645 8494 4247 221015 188036 21986 10993 23299 23299 472410 401918 46995 23497 43591 37052 4359 2180 103568 88033 10357 5178 123688 105135 12369 6184 62450 53083 6245 3122 251375 213669 25137 12569 34604 29414 3460 1730 REHABILITATION PROJECT 620343 620343 RENTAL MAINTENANCE 268237 259250 5991 2996 88053 75803 8167 4083 7940161 7530590 264630 144941 523896 674926 5324110 71604 550624 946755 20580 3149 6044 6044 18210 41990 13362149 698744 7156639 12663405 0 6827129 267507 240070 990425 959717 14858035 22434789 291186 443826 680826 730871 285676 954960 443083 220000 838599 809172 2539370 3158829 X 9726145 15133111 2592520 4142849 12318665 19275960 14858035 22434789 6867088 90207 0 X 0 1 X 1 0 X 205640 668684 2873919 9649088 14386815 27784146 205640 668684 2873919 9649088 14386815 27784146 5694626 22089520 346 727 825 52235 214480 268613 58676 22892 81568 28134327 1176096 0.78510 0.95460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2023 AMOUNT: $ 58,676. 2024 AMOUNT: $ 22,892. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4876001 4876001 6515932 668501 5847431 193250 13540 179710 159061 16703 142358 1617905 1617905 12663405 RIGHT OF USE LIABILITY 809172 809172 GALA 77582 69887 7695 12684 46319 33124 64196 77582 69887 7695 12684 46319 33124 64196 156323 -148628 1 HOMEBUYER ASSISTANCE 34 4640115 PART I, LINE 2: UPON APPROVAL OF AN AWARD, RONDO CLT MEETS MONTHLY TO MONITOR THE PROGRESS AND USE OF THE FUNDS. X 33 1635639 FMV X AUCTION ITEM 1 3700 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 EXECUTIVE DIRECTOR AND OUTSOURCED ACCOUNTING TEAM WILL REVIEW THE 990 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). RONDO DEVELOPMENT ON SELBY LLC 1041 SELBY AVE ST PAUL MN 55104 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 736 SELBY LLC 1041 SELBY AVE ST PAUL MN 55104 411753148 RENTAL MN THE RONDO COMMUNITY LAND TRUST 636 SELBY DEVELOPMENT LLC 1041 SELBY AVE ST PAUL MN 55104 411753148 RENTAL MN THE RONDO COMMUNITY LAND TRUST