2016-09-28T16:49:11-05:00 2015-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2015-01-01 412019107 WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST WEST 9524017071 5101 THIMSEN AVENUE NO 202 MINNETONKA MN 55345 JANET A LINDBO EXECUTIVE DIRECTOR 9524017071 2016-09-28 1 DANIEL J FLICEK P00076153 6512276695 2016-09-28 2015 2017-02-10 21:41:12Z HOMES WITHIN REACH JANET A LINDBO 5101 THIMSEN AVENUE NO 202 MINNETONKA MN 55345 3158365 0 X WWW.HOMESWITHINREACH.ORG X 2001 MN THE ORGANIZATION PROVIDES PERMANENTLY AFFORDABLE HOUSING OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME PEOPLE WITHIN WESTERN SUBURBAN HENNEPIN COUNTY. 10 10 2 11 0 0 1213729 1562576 114869 113884 -291788 -594316 8565 0 1045375 1082144 0 0 0 0 192155 196622 0 0 35334 99620 88530 291775 285152 753600 796992 11774989 12141794 1615285 1185098 10159704 10956696 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 WESTERN SUBURBAN HENNEPIN COUNTY; AND CURRENTLY ACTIVE IN ELEVEN (11) COMMUNITIES IN THE SUBURBS OF HENNEPIN COUNTY. 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 THE WEST HENNEPIN SUBURBAN COMMUNITIES, OFFERING BOTH COMMUNITIES AND HOMEBUYERS THE ABILITY TO SUSTAIN PERMANENTLY AFFORDABLE HOMEOWNERSHIP. 0 0 112589 -480537 WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (WHAHLT) DBA HOMES WITHIN REACH (HWR) HAS IMPLEMENTED THE COMMUNITY LAND TRUST PRACTICE IN ELEVEN (11) AND SOON TO BE TWELVE (12) HENNEPIN COUNTY SUBURBAN COMMUNITIES SINCE THE SPRING OF 2002. WHAHLT WAS CREATED TO INCREASE THE NUMBER OF HOMEOWNERSHIP OPPORTUNITIES THAT EXIST FOR WORKING HOUSEHOLDS IN SUBURBAN HENNEPIN COUNTY. THIS IS ACHIEVED BY ACQUIRING AND RETAINING THE OWNERSHIP OF REAL PROPERTY, REHABILITATING AND THEN SELLING THE IMPROVEMENTS (HOME) TO HOMEOWNERS EARNING LESS THAN 80% AREA MEDIAN INCOME. THIS ARRANGEMENT BETWEEN THE HOMEOWNER AND HWR PROTECTS HOUSING AFFORDABILITY IN PERPETUITY BY ENSURING THAT THE HOME IS AFFORDABLE FOR LOW TO MODERATE INCOME WORKFORCE HOUSEHOLDS UPON THE SALE AND FUTURE SALES OF A SINGLE-FAMILY HOME. AS OF AUGUST 11, 2016, WHAHLT HAS ACQUIRED 129 PROPERTIES SINCE IT BEGAN CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP AND HAS ASSISTED 145 FAMILIES IN PURCHASING A HOME IN ELEVEN SUBURBAN COMMUNITIES OF HENNEPIN COUNTY. THE PROGRAM OFFERS AN OPPORTUNITY FOR WORK-FORCE HOUSEHOLDS TO BECOME HOMEOWNERS, WHICH IN TURN STABILIZES THE FAMILY UNIT, ADDS VALUE TO THE COMMUNITY WHERE THEY WORK OR LIVE, BY INCREASING THE LABOR POOL TO LOCAL BUSINESSES, ADDING NEW FAMILIES TO THE COMMUNITY, PRESERVING AND REHABILITATING OF EXISTING HOUSING STOCK AND PROVIDING A MECHANISM TO INVEST IN LONG-TERM AFFORDABLE HOMEOWNERSHIP, THEREBY LINKING HOUSING WITH JOBS, TRANSIT AND SUPPORT SERVICES. 112589 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 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 1 12 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X X THE ORGANIZATION 9524017071 5101 THIMSEN AVENUE SUITE 202 MINNETONKA MN 55345 PATTI MARRINAN FORMER BOARD MEMBER 1.00 X 0 0 0 TERRY SCHNEIDER TREASURER 1.00 X X 0 0 0 WINNIE WHITE-SCHERBER FORMER SECRETARY 1.00 X 0 0 0 ROBERT HAMILTON FORMER BOARD MEMBER 1.00 X 0 0 0 JOEL PAPA FORMER BOARD MEMBER 1.00 X 0 0 0 JENNIFER SMITH FORMER BOARD MEMBER 1.00 X 0 0 0 MARGARET WILLIE BOARD MEMBER 1.00 X 0 0 0 CHRIS TRAILER VICE-PRESIDENT 1.00 X X 0 0 0 BRIAN SULLIVAN PRESIDENT 1.00 X X 0 0 0 CHRISTINE JOHNSON SECRETARY 1.00 X X 0 0 0 SHAYLA ANDERSON BOARD MEMBER 1.00 X 0 0 0 KIRBI PREMKUMAR BOARD MEMBER 1.00 X 0 0 0 VICKI SISKIN BOARD MEMBER 1.00 X 0 0 0 BRAD WIERSUM BOARD MEMBER 1.00 X 0 0 0 STEVE SCHMIDT BOARD MEMBER 1.00 X 0 0 0 JANET A LINDBO EXECUTIVE DIRECTOR 40.00 X 88470 0 17550 88470 0 17550 0 0 0 0 0 1558289 4287 1562576 HOME BUYER CLOSING FEES 531390 62000 62000 LAND LEASE FEES 531390 42168 42168 MISCELLANEOUS 531390 9716 9716 113884 105 105 1481800 2076221 -594421 -594421 -594421 1082144 -480537 0 105 106020 44625 45149 16246 68232 28720 29057 10455 3074 1294 1309 471 7396 3113 3149 1134 11900 5009 5068 1823 6658 2058 4600 11250 11250 3124 1180 1944 14131 9542 4589 5312 1432 3358 522 20504 8630 8732 3142 2071 872 882 317 1974 1974 3269 1376 1392 501 9533 270 9263 EQUIPMENT REPAIR/RENTAL 4361 1836 1857 668 CONTRACT SERVICES 4182 658 3524 MISCELLANEOUS 2161 2106 55 285152 112589 137229 35334 368133 379103 83000 98000 9166 4095 1176490 772529 5597 7170 18888 13841 6753 5047 10125850 10875850 11774989 12141794 309652 76869 55000 57060 11800 10000 1238833 1041169 1615285 1185098 X 10159704 10956696 10159704 10956696 11774989 12141794 796992 0 X X 0 1 X 1 1 1 X 997722 1202089 1502135 1213729 1562576 6478251 997722 1202089 1502135 1213729 1562576 6478251 6478251 605 239 214 169 105 1332 6479583 6182591 0.99980 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18888 13841 5047 5047 LAND HELD IN TRUST 10875850 C 10875850 X 3158365 2076221 2076221 1082144 0 1082144 2361373 2076221 2076221 285152 0 285152 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT PROPERTY COSTS 2,076,221. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT PROPERTY COSTS 2,076,221. JOEL PAPA FORMER BOARD MEMBER INVESTMENT PURPOSES X 10000 10000 0 1 1 10000 TERRY SCHNEIDER TREASURER OF WHAHLT AND IS THE MAYOR OF THE CITY OF MINNETONKA WHAHLT HAS A $750,000 LINE OF CREDIT WITH THE CITY OF MINNETONKA. 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 11 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 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 FROM THE PRIOR YEAR.