Greater Minnesota Housing Fund in St Paul, Minnesota (MN)

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Greater Minnesota Housing Fund
Employer Identification Number (EIN)411836919
Name of OrganizationGreater Minnesota Housing Fund
Address332 Minnesota Street, St Paul, MN 55101-1314
ActivitiesOther housing activities, Area development, redevelopment of renewal, Other inner city or community benefit activities
SubsectionCharitable Organization
Ruling Date06/1996
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$70,320,712
Amount of Income$94,595,773
Form 990 Revenue Amount$8,336,498
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2013: $94,595,773
Greater Minnesota Housing Fund: 

 $94,595,773
Other organizations performing similar types of work: 

 $914,408

Assets in 2013: $70,320,712
This organization: 

 $70,320,712
Other organizations performing similar types of work: 

 $2,572,607

Expenses in 2013: $5,731,744
This organization: 

 $5,731,744
Other organizations performing similar types of work: 

 $776,462

Income to expenses ratio in 2013: 16.5
Greater Minnesota Housing Fund: 

 16.5
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 95.2%
This organization: 

 95.2%
Other organizations performing similar types of work: 

 90.8%

Number of employees in 2013: 17
This organization: 

 17
Other organizations performing similar types of work: 

 2

Employees paid over $100,000 in 2013: 23.5%
This organization: 

 23.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 67.2%
Greater Minnesota Housing Fund: 

 67.2%
Other organizations performing similar types of work: 

 0.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesYes
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096217
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1217
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$525,557$568,537
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$130,790$126,718
Total number of individuals who received more than $100,000 of reportable compensation from the organization34
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$5,685,647$7,490,641$8,336,498
Contributions, Gifts, Grants and Other Similar Amounts$3,728,024$4,664,442$5,599,944
Program Service Revenue$670,172$1,321,573$1,819,419
Other Activities Related to Real Estate $826,352$868,370
Other Activities Related to Real Estate $191,801$589,944
Other Activities Related to Real Estate $187,713$235,269
561000$108,400$125,836
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$816,809$797,817$888,064
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$261,164$531,236$-210,957
Gross amount from sales of assets other than inventory (Securities / Other)$91,189,870 / $0$26,719,155 / $0$86,048,318 / $0
Less: cost or other basis and sales expenses (Securities / Other)$90,928,706 / $0$26,187,919 / $0$86,259,275 / $0
Gain or (loss) (Securities / Other)$261,164 / $0$531,236 / $0$-210,957 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$209,478$175,573$240,028
Other Activities Related to Real Estate $174,947$239,897
900099$626$131
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$6,344,752$6,262,021$5,731,744
Grants and other assistance to domestic organizations and domestic governments$1,292,373$1,144,247
Grants and other assistance to domestic individuals$86,268$184,653
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$433,561$529,049$695,255
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$607,333$577,225$639,900
Pension plan accruals and contributions$54,127$34,876
Other employee benefits$187,444$162,481
Payroll taxes$73,312$77,481$91,162
Fees for services (non-employees)
Management$0$0
Legal$126,434$83,765
Accounting$25,964$48,554
Lobbying$30,250$0
Professional fundraising services$0$0$0
Investment management fees$57,201$74,692
Other$341,609$272,078
Advertising and promotion$0$0
Office expenses$43,984$46,911
Information technology$0$0
Royalties$0$0
Occupancy$103,263$117,554
Travel$61,640$67,622
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$49,264$60,329
Interest$481,678$377,904
Payments to affiliates$0$0
Depreciation, depletion, and amortization$19,126$23,327
Insurance$12,921$39,250
Other expenses$2,055,214$1,518,065
Other expenses$30,180$32,120
Other expenses$19,326$16,999
Balance Sheet
201120122013
Total assets$67,738,886$69,050,544$70,320,712
Cash - non-interest-bearing$3,082,642$57,418
Savings and temporary cash investments$65,969$66,367
Pledges and grants receivable, net$5,495,374$5,947,331
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$19,093$29,896
Land, buildings, and equipment: cost or other basis$142,801$147,500
Investments - publicly traded securities$19,558,361$20,786,096
Investments - other securities$938,248$3,277,157
Investments - program-related$39,589,234$39,849,586
Intangible assets$0$0
Other assets$158,822$159,361
Total liabilities$9,503,759$9,731,337$9,676,439
Accounts payable and accrued expenses$242,750$207,491
Grants payable$218,028$50,020
Deferred revenue$27,535$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$8,988,346$9,243,024$9,418,928
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$58,235,127$59,319,207$60,644,273
Unrestricted net assets$49,974,470$53,534,765
Temporarily restricted net assets$9,344,737$7,109,508
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported88
Sum of amounts of support$1,308,828
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$28,995,230$4,459,717$2,223,356$14,639,824$5,571,071$10,860,882$2,533,558$14,097,100
Contributions, gifts, grants, and similar amounts received$28,069,513$2,900,903$674,053$13,088,787$4,157,160$9,621,752$1,306,138$12,289,809
Contributions to donor advised funds$0$0
Direct public support$28,069,513$2,900,903$674,053$13,088,787$4,157,160$9,621,752$1,306,138$12,289,809
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$1,083,010$1,311,886$1,522,873$1,342,930$1,415,644$1,385,252$1,373,705$1,685,200
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-157,293$242,723$25,176$207,929$-2,063$-147,058$-214,161$-155,614
Gross amount from sales of assets other than inventory$11,658,246$32,627,652$40,651,780$41,706,839$67,557,792$320,167,133$57,156,577$180,162,413
Less: cost or other basis and sales expenses$11,815,539$32,384,929$40,626,604$41,498,910$67,559,855$320,314,191$57,370,738$180,318,027
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$4,205$1,254$178$330$936$67,876$277,705
Total expenses$5,172,991$7,711,391$4,071,262$4,639,623$5,584,327$5,285,866$6,943,535$8,526,128
Program services$4,907,681$7,310,910$3,843,044$4,387,730$5,338,188$5,056,394$6,581,014$8,118,573
Management and general$265,310$400,481$228,218$251,893$246,139$229,472$362,521$407,555
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$41,795,260$38,462,534$37,385,189$46,280,384$45,898,012$51,022,977$46,656,644$52,450,582
Excess or (deficit) for the year$23,822,239$-3,251,674$-1,847,906$10,000,201$-13,256$5,575,016$-4,409,977$5,570,972
Net assets or fund balances at beginning of year$17,313,343$41,795,260$38,462,534$37,385,189$46,280,384$45,898,012$51,022,977$46,656,644
Other changes in net assets or fund balances$659,678$-81,052$770,561$-1,105,006$-369,116$-450,051$43,644$222,966
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,526,128$8,118,573$407,555$0
Grants paid from donor advised funds$0
Other grants and allocations$1,451,990
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$194,759$150,287$44,472$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$608,612$462,487$146,125$0
Pension plan contributions not included above$37,841$28,220$9,621$0
Employee benefits not included above$167,815$127,874$39,941$0
Payroll taxes$57,638$43,920$13,718$0
Professional fundraising fees$0$0$0$0
Accounting fees$36,626$0$36,626$0
Legal fees$146,610$136,045$10,565$0
Supplies$0$0$0$0
Telephone$9,698$7,390$2,308$0
Postage and shipping$6,156$0$6,156$0
Occupancy$55,513$42,300$13,213$0
Equipment rental and maintenance$41,397$14,399$26,998$0
Printing and publications$0$0$0$0
Travel$48,408$48,408$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$178,505$178,505$0$0
Depreciation, depletion, etc.$30,692$23,387$7,305$0
Other expenses not covered above$5,453,868$5,403,361$50,507$0
Balance Sheets
20002001200220032004200520062007
Total assets$41,964,440$38,572,328$37,460,366$47,912,124$47,860,969$52,839,088$49,804,758$55,761,699
Cash - non-interest-bearing$7,027,308$3,433,306$13,333$123,703$318,435$754,395$1,551,368$281,481
Savings and temporary cash investments$346,376$730,982$1,151,977$670,772$240,861$607,714$1,064$5,348,615
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$13,009,513$9,172,416$3,761,470$11,009,849$9,182,009$11,673,761$5,220,089$12,162,560
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$7,309,499$7,146,668$7,842,470$8,390,399$10,003,747$13,246,259$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$7,812$0$0$0$0$0$3,894$0
Investments - publicly-traded securities$15,712,411$6,761,665
Investments - other securities$14,226,010$18,046,682$24,635,909$13,932,063$12,693,150$18,542,061$0$8,523,198
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$13,520,134$15,142,217$7,665,799$9,490,088$3,724,734
Land, buildings, and equipment less accumulated depreciation$31,325$42,002$55,177$47,553$61,929$80,185$74,500$52,785
Other assets, including program-related investments$6,597$272$30$217,651$218,621$268,914$17,751,344$18,906,661
Total liabilities$169,180$109,794$75,177$1,631,740$1,962,957$1,816,111$3,148,114$3,311,117
Accounts payable and accrued expenses$36,680$24,544$35,177$1,531,740$1,587,957$19,523$79,122$103,237
Grants payable$132,500$85,250$40,000$100,000$375,000$305,000$180,330$101,465
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$1,491,588$2,888,662$3,106,415
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$41,964,440$38,572,328$37,460,366$47,912,124$47,860,969$52,839,088$49,804,758$55,761,699
Total net assets or fund balances$41,795,260$38,462,534$37,385,189$46,280,384$45,898,012$51,022,977$46,656,644$52,450,582
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$28,995,230$4,459,717$2,223,356$14,639,824$5,571,071$10,860,882$2,533,558$14,097,100
Total revenue, gains, and other support per audited financial statements$29,654,908$4,378,665$2,993,917$14,034,818$5,201,955$10,410,831$2,577,202$14,320,066
Other expenses$659,678$-81,052$770,561$-605,006$-369,116$-450,051$43,644$222,966
Net unrealized gains on investments$659,678$-81,052$770,561$-605,006$-369,116$-450,051$43,644$222,966
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$5,172,991$7,711,391$4,071,262$4,639,623$5,584,327$5,285,866$6,943,535$8,526,128
Total expenses and losses per audited financial statements$5,172,991$7,711,391$4,071,262$4,639,623$5,584,327$5,285,866$6,943,535$8,526,128
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$168,100$16,159$3,600
1$1,200$0$0
1$450$0$0
1$350$0$0
1$1,000$0$0
1$1,400$0$0
1$200$0$0
1$800$0$0
1$1,350$0$0
1$150$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20068
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,807,291$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,685,200$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-155,614$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$277,705$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
753209894100%$0$-6,733
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$62,809$25,147$0
$64,798$34,963$0
$76,208$23,581$0
$76,208$0$0
$64,543$14,901$0
Total number of other employees paid over $50,0003
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
416005749Yes$0
416005754Yes$5,000
416005757Yes$31,000
416005759Yes$0
416005760Yes$0
416005763Yes$35,133
416005765Yes$0
416005767Yes$0
416005769Yes$7,500
416005771Yes$0
416005772Yes$54,117
416005775Yes$0
416005779Yes$0
416005781Yes$0
416005785Yes$0
416005790Yes$0
416005791Yes$0
416005792Yes$0
416005794Yes$20,000
416005795Yes$0
416005797Yes$5,000
416007840Yes$0
416005808Yes$53,482
416005810Yes$0
416005815Yes$0
416005818Yes$5,000
416005826Lake County Minnesota, 2827 Mn Loc Lake County Hwy Dept EYes$10,000
416005828Yes$0
416005830Yes$0
416005831Yes$0
416005836Yes$0
416005841County Of McleodYes$0
416005843Yes$0
416005845Yes$0
416005846Yes$0
416005848Yes$0
416005850Yes$13,758
416005852Yes$0
416005854Yes$0
416005859Yes$17,961
416005861Yes$2,000
416005862Yes$0
416005864Yes$0
416005866Yes$0
416005869Yes$0
416005879Yes$0
416005880Yes$0
416005882Yes$0
416005885Yes$0
416005895Yes$0
416005890Yes$29,014
416005899Yes$15,000
416005901Yes$0
416005915Yes$0
416005917Yes$0
416005922Yes$0
416005924Yes$253,444
416005926Yes$0
411268614Yes$0
416004867Yes$0
Total$1,451,990
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Greater Minnesota Housing Fund332 Minnesota Street, St Paul, MN 55101-1314MN1996-06$94,595,773
2Governmental And Educational Assistance Corporation7900 Excelsior Blvd Ste 250, Hopkins, MN 55343-3462MN1998-09$31,385,242
3Greater Metropolitan Housing Corporation15 S 5th St Ste 710, Minneapolis, MN 55402-1058MN1971-02$22,372,255
4Community Housing Corporation Of America Inc161 Saint Anthony Ave Ste 820, Saint Paul, MN 55103-2300MN1996-07$20,393,996
5Family Housing Fund801 Nicollet Mall Suite 1825, Minneapolis, MN 55402-2500MN1980-10$8,932,631
6Seward Housing Corporation328 Kellogg Blvd W, Saint Paul, MN 55102-1900MN1990-09$6,223,549
7Seven Corners Community Housing Corporation1808 Riverside Avenue South, Minneapolis, MN 55454-1022MN1985-10$2,791,832
8Womens Community Housing Inc17 E 24 Street, Minneapolis, MN 55404-3267MN1985-09$2,136,571
9Volunteers Of America Inc, Voa National Housing Corporation7530 Market Place Dr, Eden Prairie, MN 55344-3636MN1965-05$1,844,798
10Habitat For Humanity International Inc, Douglas County Mn Hfh1211 N Nokomis Ne, Alexandria, MN 56308-5030MN1987-01$919,480
11Fairhaven Healthcare Center Inc35 Avco Rd, Haverhill, MA 01835-6936MA2007-11$15,699,503
12Reach Community Development Inc4150 Sw Moody Ave, Portland, OR 97239-4417OR1982-09$11,702,112
13St Ambrose Housing Aid Center Inc321 E 25th St, Baltimore, MD 21218-5303MD1992-07$9,841,406
14St Martins Manor Christopher Homes Inc Agent1000 Howard Avenue, New Orleans, LA 70113-1903LA1946-03$6,327,057
15Lafayette Rehabilitation And Skilled Nursing Facility Inc35 Avco Rd, Haverhill, MA 01835-6936MA2007-11$5,973,591
16Windham & Windsor Housing Trust Inc68 Birge Street, Brattleboro, VT 05301-6421VT1989-02$5,106,581
17Worthington Christian Village Congregate Care Inc165 Highbluffs Blvd, Columbus, OH 43235-1484OH1984-09$4,147,359
18Two Rivers Community Land Trust3880 Laverne Ave N, Lake Elmo, MN 55042-9627MN2000-07$675,523
19Zion Originated Outreach Ministry, Zoom House3244 Blaisdell Avenue South U, Minneapolis, MN 55408-4463MN1998-06$316,098
20Robbins Way Senior Housing328 West Kellogg Boulevard, Saint Paul, MN 55102MN2008-08$183,242
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas9
Arizona8
California114
Colorado16
Connecticut18
District of Columbia3
Delaware5
Florida41
Georgia22
Hawaii2
Iowa7
Idaho2
Illinois33
Indiana13
Kansas4
Kentucky12
Louisiana13
Massachusetts39
Maryland21
Maine7
Michigan31
Minnesota30
Missouri12
Mississippi3
Montana3
North Carolina23
North Dakota1
Nebraska3
New Hampshire7
New Jersey14
New Mexico3
Nevada6
New York110
Ohio32
Oklahoma2
Oregon11
Pennsylvania33
Rhode Island6
South Carolina4
South Dakota2
Tennessee22
Texas44
Utah6
Virginia25
Vermont8
Washington15
Wisconsin17
West Virginia7
International2
Total875

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