2016-08-09T09:26:46-05:00 2015-09-30 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2014-10-01 411804148 GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION GREA 6512928710 533 NORTH DALE STREET ST PAUL MN 55103 JASON PETERSON EXECUTIVE DIRECTOR 6512928710 2016-08-03 1 MARC KOTSONAS P00544551 6512276695 2016-08-03 2014 2016-12-15 16:53:06Z NEIGHBORWORKS HOME PARTNERS JASON PETERSON 35 W WATER STREET SAINT PAUL MN 55107 1208733 0 X WWW.NWHOMEPARTNERS.ORG X 1995 MN GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION (GFCDC) IS A NON-PROFIT COMMUNITY DEVLOPMENT CORPORATION FORMED IN 1995 TO STRENGTHEN THE NEIGHBORHOODS IT SERVES BY DEVELOPING AND REHABILITATING HIGH QUALITY AFFORDABLE HOUSING, IMPROVING RENTAL AND HOME OWNERSHIP OPPORTUNITIES AND PROMOTING THE AREA'S ADVANTAGES AS AN AFFORDABLE, DIVERSE, SAFE AND CONGENIAL PLACE TO LIVE. GFCDC PRIMARILY WORKS IN THE GREATER FROGTOWN NEIGHBORHOOD OF THE CITY OF ST. PAUL.ON OCTOBER 1, 2014, CNHS MERGED WITH GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION (GFCDC). THE MERGED ORGANIZATION BEGAN DOING BUSINESS AS NEIGHBORWORKS HOME PARTNERS (NWHP). 16 16 0 35 -3278 -3278 581625 18113 177700 43640 11252 -228829 -5643 -3278 764934 -170354 71362 11305 0 0 134783 0 0 0 0 580810 119982 786955 131287 -22021 -301641 3240025 1239105 1376325 1088275 1863700 150830 X SEE SCHEDULE O 0 1 131287 11305 -185189 HOUSING DEVLOPMENT - FOR 19 YEARS, GREATER FROGTOWN COMMUNITY DEVLOPMENT CORPORATION (GFCDC) HAS BUILT NEW SINGLE FAMILY HOMES AND SUBSTANTIALLY RENOVATED VACANT, FORCLOSED HOMES. AS PART OF GFCDC'S MISSION TO PROMOTE A HEALTHY COMMUNITY, VACANT HOME REHABILITATION PROGRAM REPAIRS DILAPIDATED HOMES FOR NEW RESIDENTS. GFCDC USES FUNDS PROVIDED BY GOVERNMENT AND NONPROFIT RESOURCES TO REPAIR AND THEN SELLS THE HOME TO LOW AND MIDDLE INCOME FAMILIES. NEW HOME CONSTRUCTION BUILDING PROGRAM UTILIZES KEY VACANT LOTS TO CONSTRUCT NEW HOMES FOR LOW TO MIDDLE INCOME FAMILIES. WITH THE SUPPORT OF KEY PARTNERS, GFCDC HAS BEEN ABLE TO BUILD OR RENOVATE OVER 100 HOMES IN OUR COMMUNITY. IN FY15, GFCDC DEVELOPED 7 HOMES. 131287 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 7 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X JASON PETERSON 6512928710 35 W WATER ST SAINT PAUL MN 55107 DANNY GARCIA-VELEZ VICE PRESIDENT 1.00 X 0 0 0 KEN SCHAEFER TREASURER 1.00 X 0 0 0 NATHAN THORVILSON SECRETARY 1.00 X 0 0 0 CHRIS ALBRECHT PRESIDENT 1.00 X 0 0 0 JASON PETERSON EXECUTIVE DIRECTOR 40.00 X X 0 90348 15984 ANNIE CARVALHO BOARD MEMBER 1.00 X 0 0 0 JUAN BATES BOARD MEMBER 1.00 X 0 0 0 CALLIE BREISE BOARD MEMBER 1.00 X 0 0 0 RICHARD EASTON BOARD MEMBER 1.00 X 0 0 0 IAN LINDER BOARD MEMBER 1.00 X 0 0 0 MICHAEL NGUYEN BOARD MEMBER 1.00 X 0 0 0 KEVIN POLLARD BOARD MEMBER 1.00 X 0 0 0 EDUARDO WOLLE BOARD MEMBER 1.00 X 0 0 0 NANCY TUOMIE BOARD MEMBER 1.00 X 0 0 0 RYAN BRIESE BOARD MEMBER 1.00 X 0 0 0 JULIE ANN E DIT BRIALMONT BOARD MEMBER 1.00 X 0 0 0 MIKE HUEG BOARD MEMBER 1.00 X 0 0 0 0 90348 15984 0 0 0 0 0 18113 18113 18113 DEVELOPER FEES 531390 109139 109139 LOAN SERVICING 522291 500 500 LOSS ON INVESTMENTS 900099 -65999 -65999 43640 25560 28838 -3278 -3278 -3278 1121420 1350249 -228829 -228829 -228829 -170354 -185189 -3278 0 11305 11305 10870 10870 1777 1777 2784 2784 11165 11165 PAYROLL REMIBURSEMENTS 93386 93386 131287 131287 0 0 499867 225227 141698 938777 1946 237800 4083 583761 233717 70794 1073976 709367 3240025 1239105 43923 1096905 988275 235497 100000 1376325 1088275 X 1071468 150830 792232 0 1863700 150830 3240025 1239105 X -301641 -1411229 X X 0 1 X 1 1 1 X 611937 1053135 1313485 581625 18113 3578295 611937 1053135 1313485 581625 18113 3578295 139384 3438911 15423 32614 17270 11252 76559 756 104 860 14461 14461 3670175 1436261 0.93700 0.93790 X 115300 115300 122500 4083 118417 233717 INVESTMENTS IN LLCS 70794 C 70794 PROPERTIES HELD FOR SALE, NET 709367 709367 DUE TO CNHS 100000 100000 X PART X, LINE 2: MANAGEMENT BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. 0 LEAD WINDOW REPLACEMENT 23 11305 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE ORGANIZATION MAINTAINS THEIR FUNDING RECORDS IN ACCORDANCE WITH THE FEDERAL DOMESTIC ASSISTANCE PROGRAM GUIDELINES. LOANS, RECEIVABLES, PLUS OTHER NET OF LIABILITIES 2014-10-01 1411229 ASSETS AND LIABILITIES WERE MEASURED AT FMV 411386089 COMMUNITY NEIGHBORHOOD HOUSING SERVICES 35 W WATER ST SAINT PAUL MN 55107 501(C)3 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: THE BOARD OF DIRECTORS OF CNHS AND GFCDC ARE THE SAME. PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: ON OCTOBER 1, 2014, CNHS MERGERD WITH GFCDC. THE MERGER IS SEEN AS AN OPPORTUNITY TO STRENGHTEN THE ORGANIZATIONS BY INCREASING SERVICES OFFERED AND BY BETTER SERVING THE RESIDENTS OF SAINT PAUL AND THE SURROUNDING METROPOLITAN AREA. FORM 990, PART III, LINE 3 EFFECTIVE OCTOBER 1, 2014, GFCDC WAS ACQUIRED BY COMMUNITY NEIGHBORHOOD HOUSING SERVICES (CNHS). AS A RESULT OF THE ACQUISTION, THE ENTIRE LOAN PORTFOLIO OF GFCDC WAS TRANSFERRED TO CNHS. CNHS MANAGES A SIGNIFICANT LOAN PORTFOLIO AND THE COMBINATION, AS A RESULT OF THE ACQUISIITON, CREATED GREATER EFFICIANCIES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE ORGANIZATION'S FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW. THE 990 IS REVIEWED BY THE CNHS FINANCE AND EXECUTIVE COMMITTEES PRIOR TO FILING AND IS DISCUSSED AT THE FOLLOWING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C REVIEWED ANNUALLY AT BOARD MEETING. 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 ARE OPEN TO THE PUBLIC. FORM 990, PART XI, LINE 9: FOLLOWING ASU 2014-17, GREATER FROGTOWN CDC HAS ELECTED TO PUSH DOWN NET TRANSFER OF ASSETS AND LIABIITIES TO CNHS AFTER MERGER -1,411,229. FORM 990, PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. COMMUNITY NEIGHBORHOOD HOUSING SERVICES 35 W WATER STREET ST PAUL MN 55103 411386089 COMMUNITY DEVELOPMENT MN 501(C)(3) LINE 7 COMMUNITY NEIGHBORHOOD HOUSING SERVICES 0 FROGTOWN DEVELOPMENT LLC 1035 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 273137908 AFFORDABLE HOUSING MN N/A RELATED -53544 1223013 0 0 0.50000 NEDU LLC 663 UNIVERSITY AVE SUITE 200 ST PAUL MN 55104 260594659 LEASING MN N/A RELATED -5757 866051 0 0 0.30000 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 COMMUNITY NEIGHBORHOOD HOUSING SERVICES E 100000 CASH COMMUNITY NEIGHBORHOOD HOUSING SERVICES R 1411229 FAIR MARKET VALUE