2024-08-14T11:23:39-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-10-01 411804148 GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION GREA 6517897487 533 DALE STREET NORTH ST PAUL MN 55103 JASON PETERSON EXECUTIVE DIRECTOR 6517897487 2024-08-13 1 0 RACHEL FLANDERS P01591790 6123764500 2024-08-13 2022 2024-08-08 14:25:15Z NEIGHBORWORKS HOME PARTNERS JASON PETERSON 533 DALE STREET NORTH ST PAUL MN 55103 0 0 X WWW.NWHOMEPARTNERS.ORG X 1995 MN EMPOWERING INDIVIDUALS AND COMMUNITIES BY HELPING PEOPLE BUY, FIX, AND KEEP THEIR HOMES. 15 15 0 15 0 0 0 0 185000 0 1411 0 0 0 186411 0 0 0 0 0 63658 74817 0 0 0 160975 5251 224633 80068 -38222 -80068 2844870 2966501 321252 522951 2523618 2443550 X THE PURPOSE OF THE ORGANIZATION IS TO TAKE A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT. IT WILL EMPHASIZE AFFORDABLE HOUSING DEVELOPMENT FOR LOW TO MODERATE INCOME RESIDENTS AND LEAD IN ECONOMIC DEVELOPMENT AND COMMUNITY BUILDING ACTIVITIES.GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION (GFCDC) IS A NON-PROFIT COMMUNITY DEVELOPMENT CORPORATION FORMED IN 1995 TO STRENGTHEN THE NEIGHBORHOODS IT SERVES BY DEVELOPING AND REHABILITATING HIGH QUALITY AFFORDABLE HOUSING. GFCDC PRIMARILY WORKS IN THE FROGTOWN NEIGHBORHOOD OF THE CITY OF ST. PAUL. 0 0 80068 0 0 FOR OVER 25 YEARS, GREATER FROGTOWN CDC HAS SUBSTANTIALLY RENOVATED VACANT HOMES AND BUILT NEW HOMES ON VACANT LOTS WHICH WE HAVE SOLD TO LOW-TO-MODERATE INCOME FAMILIES, AS DEFINED BY HUD. OVER THAT TIME, WE HAVE DEVELOPED OVER 165 HOMES. 80068 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 0 MN X X JASON PETERSON 6512928710 533 DALE STREET N ST PAUL MN 55103 MICHAEL MORRELL CHAIR 2.00 2.00 X X 0 0 0 KRISSI MILLS VICE CHAIR 2.00 2.00 X X 0 0 0 KATELYN SHEHU TREASURER 2.00 2.00 X X 0 0 0 DAVID ZASTROW SECRETARY 2.00 2.00 X X 0 0 0 JOEL ISENBERGER DIRECTOR 1.00 1.00 X 0 0 0 JOE CHOW DIRECTOR 1.00 1.00 X 0 0 0 KEVIN KNASE DIRECTOR 1.00 1.00 X 0 0 0 MAI LEE YANG DIRECTOR 1.00 1.00 X 0 0 0 RANDY NELSON DIRECTOR 1.00 1.00 X 0 0 0 BRIAN DEPPE DIRECTOR 1.00 1.00 X 0 0 0 MARK NETTESHEIM DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM FLOWERS DIRECTOR 1.00 1.00 X 0 0 0 JUSTINE LOGELIN DIRECTOR 1.00 1.00 X 0 0 0 JEN JENG DIRECTOR 1.00 1.00 X 0 0 0 JUSTIN HOULE DIRECTOR 1.00 1.00 X 0 0 0 JASON PETERSON EXECUTIVE DIRECTOR 0.25 39.75 X 0 161687 22399 KJIRSTEN JOHNSON CFO 0.25 39.75 X 0 109491 21419 BETH HYSER CPO 2.00 38.00 X 0 93038 5646 0 364216 49464 2 0 1 0 0 0 0 0 0 66091 66091 2515 2515 1394 1394 4817 4817 456 456 151 151 3614 3614 891 891 LOAN PROCESSING EXPENSE 139 139 80068 80068 0 0 32481 2140786 1205830 308754 65621 244707 243133 426896 1517538 2844870 2966501 99900 199900 221352 323051 321252 522951 X 2523618 2443550 2523618 2443550 2844870 2966501 -80068 0 X X 0 1 X 1 1 1 X 66121 160000 226121 66121 160000 226121 226121 1411 1411 227532 0.99380 0.99380 X 115300 115300 193454 65621 127833 243133 PROPERTIES HELD FOR SALE 926048 DUE FROM COMMUNITY NEIGHBORHOOD HOUSING SERVICES 591490 1517538 REFUNDABLE ADVANCES 323051 323051 X PART X, LINE 2: CNHS AND GFCDC ARE CLASSIFIED AS TAX-EXEMPT ORGANIZATIONS UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), ARE EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE IRC, AND ARE SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. EACH FILES ITS OWN INFORMATION RETURN. MANAGEMENT BELIEVES NEITHER CNHS NOR GFCDC HAVE ANY UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 JASON PETERSON EXECUTIVE DIRECTOR 0 137745 0 10945 0 12997 0 6467 0 15932 0 184086 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS OF CNHS PERFORM AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND USE COMPARATIVE SALARY DATA FROM THE MINNESOTA COUNCIL OF NONPROFITS AND NEIGHBORWORKS AMERICA TO DETERMINE COMPENSATION FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS OF THIS CORPORATION SHALL MAINTAIN THE EXECUTIVE COMMITTEE AS THE ONE STANDING COMMITTEE OF THE CORPORATION. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE CORPORATION: BOARD PRESIDENT, VICE PRESIDENT, TREASURER, AND SECRETARY. THE EXECUTIVE DIRECTOR IS A NON-VOTING MEMBER. THE EXECUTIVE COMMITTEE IS CHARGED WITH GUIDING AND MONITORING THE WORK OF THE BOARD THROUGHOUT THE YEAR. THE EXECUTIVE COMMITTEE ALSO HAS THE POWER TO TAKE ACTION ON BEHALF OF THE BOARD AS NEEDED BETWEEN REGULARLY SCHEDULED BOARD MEETINGS. MINUTES OF THE EXECUTIVE COMMITTEE'S ACTION WILL BE PROVIDED TO THE BOARD OF DIRECTORS AT ITS NEXT REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO EACH BOARD MEMBER FOR THEIR REVIEW. THE 990 IS REVIEWED BY THE GFCDC FINANCE AND EXECUTIVE COMMITTEES PRIOR TO FILING AND IS DISCUSSED AT THE FOLLOWING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C GFCDC'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES, DIRECTORS, PRINCIPALS, OFFICERS, AND COMMITTEE MEMBERS. A PERSON HAS FINANCIAL INTEREST IF THEY HAVE OWNERSHIP OR INVESTMENT WITH ANY ENTITY WHICH GFCDC HAS A TRANSACTION OR ARRANGEMENT, COMPENSATION ARRANGEMENT WITH GFCDC OR WITH ANY ENTITY OR INDIVIDUAL WHICH GFCDC HAS A TRANSACTION OR ARRANGEMENT, OR A POTENTIAL OWNERSHIP, INVESTMENT INTEREST, OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WHICH GFCDC IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. ALL INDIVIDUALS MUST SIGN AN ANNUAL STATEMENT AFFIRMING THAT THEY HAVE READ, UNDERSTAND, AND WILL COMPLY TO THE POLICY. THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD ANNUALLY. ALL INTERESTED PERSONS MUST DISCLOSE THE NATURE OF ANY POTENTIAL CONFLICTS OF INTEREST WITH REGARD TO ANY TRANSACTION, WHICH IS REVIEWED BY THE BOARD OF DIRECTORS. AFTER DISCLOSING ALL MATERIAL FACTS, THEY SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE BOARD SHALL DECIDE IF ENTERING INTO SUCH TRANSACTION IS FAIR AND REASONABLE TO GFCDC AND THAT IT IS IN GFCDC'S BEST INTEREST. INTEREST PERSONS ARE REMOVED FROM PARTICIPATING IN SUCH DISCUSSIONS. RESULTS OF THE DELIBERATIONS ARE RECORDED IN THE ORGANIZATION'S MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL GENERAL BOARD MEETINGS, ANNUAL REPORTS, AND PUBLIC DISCLOSURE COPIES OF PRIOR YEAR FORM 990'S ARE OPEN TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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