2026-07-09T13:51:41-05:00 2025-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2025-01-01 412019107 WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST WEST 9524017071 5100 THIMSEN AVENUE 120 MINNETONKA MN 55345 BRENDA LANO-WOLKE EXECUTIVE DIRECTOR 9524017071 2026-07-08 1 KATHLEEN MCDONNELL P01521081 6512276695 2026-07-08 2025 2025-03-06 01:10:19Z HOMES WITHIN REACH BRENDA LANO-WOLKE 5100 THIMSEN AVENUE 120 MINNETONKA MN 55345 11121266 0 X WWW.HOMESWITHINREACH.ORG X 2001 MN THE ORGANIZATION PROVIDES PERMANENTLY AFFORDABLE HOUSING OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES WITHIN SUBURBAN HENNEPIN COUNTY. 8 8 5 7 0 0 2852871 5536765 365306 505697 -849837 -1219378 0 0 2368340 4823084 0 0 0 0 313568 325996 0 0 41095 114353 128026 427921 454022 1940419 4369062 32698664 37696917 7563439 8192630 25135225 29504287 X WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (WHAHLT) DBA HOMES WITHIN REACH (HWR) WAS CREATED IN MAY 2001; A COMMUNITY LAND TRUST WHOSE SERVICE AREA IS THE 44 COMMUNITIES OF SUBURBAN HENNEPIN COUNTY; AND CURRENTLY ACTIVE IN FOURTEEN (14) COMMUNITIES. WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST VISION IS TO TRANSFORM PEOPLE'S LIVES THROUGH HOMEOWNERSHIP. THE MISSION IS TO USE THE COMMUNITY LAND TRUST PRACTICE TO PROVIDE AFFORDABLE HOMEOWNERSHIP FOR WORKING FAMILIES THAT WOULD BE OTHERWISE UNABLE TO PURCHASE A HOME IN SUBURBAN HENNEPIN COUNTY, OFFERING BOTH COMMUNITIES AND HOMEBUYERS THE ABILITY TO SUSTAIN PERMANENTLY AFFORDABLE HOMEOWNERSHIP. 0 0 239644 -748485 HOUSING IS A MULTIPLIER, A FOUNDATIONAL NEED THAT SHAPES EDUCATION, HEALTH, AND ECONOMIC MOBILITY. HOMES WITHIN REACH (HWR) CONTINUES TO SEE HOW AFFORDABLE HOMEOWNERSHIP STABILIZES WORKFORCE FAMILIES, STRENGTHENS COMMUNITY PARTICIPATION, AND BUILDS LONG-TERM ASSETS. THROUGH THE COMMUNITY LAND TRUST (CLT) MODEL, HWR ACQUIRES AND REHABILITATES HOMES AND SELLS THE IMPROVEMENTS TO HOUSEHOLDS EARNING BELOW 80% OF AREA MEDIAN INCOME (AMI). THIS SHARED-EQUITY STRUCTURE PRESERVES AFFORDABILITY IN PERPETUITY, ENSURING EACH HOME REMAINS ACCESSIBLE TO LOW- AND MODERATE-INCOME HOUSEHOLDS AT EVERY RESALE.AS OF DECEMBER 31, 2025, WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (WHAHLT), DOING BUSINESS AS HOMES WITHIN REACH, HAS PLACED 243 PROPERTIES INTO TRUST AND ASSISTED 293 FAMILIES, WITH AN AVERAGE HOUSEHOLD INCOME OF 58.6% AMI, IN PURCHASING HOMES ACROSS 18 SUBURBAN HENNEPIN COUNTY COMMUNITIES: BLOOMINGTON, BROOKLYN PARK, CRYSTAL, DEEPHAVEN, EDINA, EDEN PRAIRIE, GOLDEN VALLEY, LONG LAKE, MAPLE GROVE, MAPLE PLAIN, MINNETONKA, NEW HOPE, ORONO, PLYMOUTH, RICHFIELD, ST. BONIFACIUS, ST. LOUIS PARK, AND WAYZATA. GROWTH CONTINUES TO BE DRIVEN BY STRONG CITY PARTNERSHIPS AND BUYER DEMAND FROM ESSENTIAL WORKERS SEEKING TO LIVE CLOSER TO THEIR JOBS, SCHOOLS, AND SUPPORT NETWORKS.THE CLT PROGRAM PROVIDES A STABLE PATH TO HOMEOWNERSHIP FOR TEACHERS, MUNICIPAL STAFF, RETAIL AND FOOD SERVICE WORKERS, OFFICE PERSONNEL, MEDICAL SUPPORT STAFF, AND MANY OTHERS WHO ARE INCREASINGLY PRICED OUT OF THE COMMUNITIES THEY SERVE. BY STABILIZING FAMILIES, STRENGTHENING THE LOCAL LABOR POOL, PRESERVING EXISTING HOUSING STOCK, AND LINKING HOUSING WITH JOBS AND TRANSIT, HWR DELIVERS LONG-TERM COMMUNITY AND ECONOMIC BENEFITS.2025 PROGRAM GROWTH AND HIGHLIGHTS23 NEW HOMES ADDED ACROSS 12 COMMUNITIES, EXPANDING THE TOTAL NUMBER OF COMMUNITIES SERVED TO 18.5 CLT RESALES COMPLETED, ENSURING LONG-TERM AFFORDABILITY FOR NEW GENERATIONS OF WORKFORCE BUYERS.CONTINUED EXPANSION IN MAPLE PLAIN AND ST. BONIFACIUS, SOLIDIFYING THEIR PLACE WITHIN THE CLT PORTFOLIO.INCREASED CITY INVESTMENT ENABLED ADDITIONAL ACQUISITIONS AND PRESERVATION EFFORTS:PLYMOUTH: THE HRA SOLD TWO LONG-VACANT FORMER RENTAL HOMES TO HWR. AFTER REHABILITATION AND RESALE THROUGH THE CLT, BOTH HOMES WERE RESTORED TO THEIR ORIGINAL PURPOSE, AFFORDABLE HOMEOWNERSHIP.EDINA: FOUR HOMES ADDEDTWO THROUGH HWR'S ACQUISITION/REHAB/RESALE PROCESS AND TWO THROUGH THE ONGOING PARTNERSHIP WITH TWIN CITIES HABITAT FOR HUMANITY.ST. LOUIS PARK: HWR RESTORED A SINGLE-FAMILY HOME THAT HAD BEEN ILLEGALLY CONVERTED INTO THREE RENTAL UNITS, RETURNING IT TO ITS INTENDED USE WITH A MOTHER-IN-LAW SUITE IN THE LOWER LEVEL.THESE ACCOMPLISHMENTS REFLECT HWR'S CONTINUED COMMITMENT TO PRESERVING AFFORDABILITY, STRENGTHENING COMMUNITIES, AND ENSURING THAT ESSENTIAL WORKERS CAN LIVE IN THE PLACES THEY SUPPORT EVERY DAY. 239644 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X THE ORGANIZATION 9524017071 5100 THIMSEN AVENUE SUITE 120 MINNETONKA MN 55345 NOEL KLINNERT PRESIDENT 1.00 X X 0 0 0 BARRETT ANDERSON VICE PRESIDENT 1.00 X X 0 0 0 BRAD WIERSUM TREASURER 1.00 X X 0 0 0 BRENT MALCOM SECRETARY 1.00 X X 0 0 0 ROBERT GALLO BOARD MEMBER 1.00 X 0 0 0 JESSICA BRUE BOARD MEMBER 1.00 X 0 0 0 BELETE AEBA BOARD MEMBER 1.00 X 0 0 0 BOB AUSTIN BOARD MEMBER 1.00 X 0 0 0 BRENDA LANO-WOLKE EXECUTIVE DIRECTOR 40.00 X 106050 0 12363 106050 0 12363 2 0 0 0 RANDY KIRSCH CONSTRUCTION LLC 47560 280TH STREET GAYLORD MN 55334 CONSTRUCTION SERVICES 740538 BDU INC 6686 HOPI ROAD CHANHASSEN MN 55317 CONSTRUCTION SERVICES 491956 SOUTH METRO CONTRACTING LLC 234 CHESTNUT ST S BELLE PLAINE MN 56011 CONSTRUCTION SERVICES 364463 3 4757502 779263 700000 5536765 DEVELOPER FEES 531390 266947 266947 HOME BUYER CLOSING FEES 531390 148000 148000 LAND LEASE FEES 531390 82942 82942 MISCELLANEOUS 531390 7808 7808 505697 34804 34804 5044000 6298182 -1254182 -1254182 -1254182 4823084 -748485 0 34804 118413 59207 29603 29603 172848 118187 50997 3664 4920 3280 1640 8455 6128 2327 21360 13098 5930 2332 1437 1437 21230 1756 19474 10619 2360 8259 2027 2013 14 3010 243 2743 24 2119 1299 588 232 41950 25724 11645 4581 2543 1559 706 278 1040 1040 20145 20145 MISCELLANEOUS 15746 1611 14135 EQUIPMENT REPAIR/RENTAL 3489 2139 969 381 BOARD DEVELOPMENT 2671 2671 454022 239644 173283 41095 224585 136350 685426 695912 2127310 2923064 4221154 4127020 11094 4325 0 0 0 0 25249800 29664800 179295 145446 32698664 37696917 651905 836235 1240000 1585000 4484081 5395427 1187453 375968 7563439 8192630 X 25135225 29504287 25135225 29504287 32698664 37696917 4369062 0 X X 0 1 X 1 1 1 X 2610151 3086041 4354281 2852871 5536765 18440109 2610151 3086041 4354281 2852871 5536765 18440109 18440109 575 6833 23130 27755 34804 93097 18533206 19110864 0.99500 0.99600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LAND HELD IN TRUST 29664800 C 29664800 PREPAID RENT 8477 REFUNDABLE ADVANCES 223745 LEASE LIABILITY 143746 375968 X 11121266 6298182 6298182 4823084 0 4823084 6752204 6298182 6298182 454022 0 454022 PART X, LINE 2: THE LAND TRUST IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE INCOME TAX RETURNS FOR A PRIOR OF THREE YEARS AFTER THEY ARE FILED. THE LAND TRUST EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF DECEMBER 31, 2025, MANAGEMENT DOES NOT BELIEVE THEY HAVE TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT PROPERTY COSTS 5,598,182. IN-KIND DIRECT PROPERTY COSTS 700,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT PROPERTY COSTS 5,598,182. IN-KIND DIRECT PROPERTY COSTS 700,000. X 2 700000 APPRAISAL VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE TRUST CONSISTS OF SUPPORTING MEMBERS, LEASEHOLD MEMBERS, AND GENERAL MEMBERS. THE LEASEHOLD AND GENERAL MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN IT IS PRESENTED TO THE BOARD FOR REVIEW AND THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND STAFF ANNUALLY COMPLETE THE WRITTEN POLICY AND IT IS REVIEWED BY THE BOARD AND HANDLED ACCORDINGLY. NO ISSUES TO DATE. FORM 990, PART VI, SECTION B, LINE 15A OFFICERS COMPENSATION IS DETERMINED DURING END OF THE YEAR BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.