2015-10-15T11:17:26-05:00 2014-12-31 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2014-01-01 412019107 WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST WEST 9524017071 5101 THIMSEN AVENUE NO 202 MINNETONKA MN 55345 JANET A LINDBO EXECUTIVE DIRECTOR 9524017071 2015-10-08 1 DANIEL J FLICEK P00076153 6512276695 2015-10-08 2014 2016-02-25 16:41:14Z HOMES WITHIN REACH JANET A LINDBO 5101 THIMSEN AVENUE NO 202 MINNETONKA MN 55345 2284617 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. 11 11 2 11 0 0 1502135 1213729 107973 114869 -315397 -291788 0 8565 1294711 1045375 0 0 0 0 193693 192155 0 0 35941 100385 99620 294078 291775 1000633 753600 10457115 11774989 1051011 1615285 9406104 10159704 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 113735 -177088 WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (WHAHLT) DBA HOMES WITHIN REACH (HWR) HAS IMPLEMENTED THE COMMUNITY LAND TRUST PRACTICE IN ELEVEN (11) HENNEPIN COUNTY SUBURBAN COMMUNITIES SINCE THE SPRING OF 2002. WHAHLT WAS CREATED TO INCREASE THE NUMBER OF HOMEOWERSHIP 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 TO LOW TO MODERATE INCOME HOUSEHOLDS UPON THE SALE AND FUTURE SALES OF A SINGLE-FAMILY HOME. AS OF AUGUST 19, 2015, WHAHLT HAS ACQUIRED 121 PROPERTIES SINCE IT BEGAN CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP AND HAS ASSISTED 137 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 HOMEOWERSHIP, THEREBY LINKING HOUSING WITH JOBS, TRANSIT AND SUPPORT SERVICES. 113735 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 11 11 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 VICE-PRESIDENT 1.00 X X 0 0 0 TERRY SCHNEIDER TREASURER 1.00 X X 0 0 0 WINNIE WHITE-SCHERBER SECRETARY 1.00 X X 0 0 0 ROBERT HAMILTON PRESIDENT 1.00 X X 0 0 0 JOEL PAPA BOARD MEMBER 1.00 X 0 0 0 JENNIFER SMITH BOARD MEMBER 1.00 X 0 0 0 MARGARET WILLIE BOARD MEMBER 1.00 X 0 0 0 CHRIS TRAILER BOARD MEMBER 1.00 X 0 0 0 GENE HAUGLAND BOARD MEMBER 1.00 X 0 0 0 BRIAN SULLIVAN BOARD MEMBER 1.00 X 0 0 0 CHRISTINE JOHNSON BOARD MEMBER 1.00 X 0 0 0 JANET A LINDBO EXECUTIVE DIRECTOR 40.00 X 81952 0 17550 81952 0 17550 0 0 0 0 0 5865 1205473 2391 1213729 HOME BUYER CLOSING FEES 531390 61000 61000 LAND LEASE FEES 531390 38170 38170 MISCELLANEOUS 531390 15699 15699 114869 169 169 922000 1213957 -291957 -291957 -291957 33850 5865 25285 8565 8565 1045375 -177088 0 8734 99502 39511 44656 15335 69299 27518 31101 10680 2832 1125 1271 436 9043 3590 4059 1394 11479 4558 5152 1769 14868 12179 2689 11500 11500 4018 2043 926 1049 4862 3662 881 319 5124 1566 2982 576 20164 8007 9049 3108 338 134 152 52 2541 2541 3243 1288 1455 500 6070 185 5885 CONTRACT SERVICES 21034 6709 14325 EQUIPMENT REPAIR/RENTAL 4090 1624 1836 630 MISCELLANEOUS 1768 36 1639 93 291775 113735 142099 35941 248749 368133 56198 83000 9166 787202 1176490 5493 5597 17325 10572 8623 6753 9350850 10125850 10457115 11774989 63970 309652 55000 5000 11800 982041 1238833 1051011 1615285 X 9402363 10159704 3741 0 9406104 10159704 10457115 11774989 753600 0 X X 0 1 X 1 1 1 X 1254506 997722 1202089 1502135 1213729 6170181 1254506 997722 1202089 1502135 1213729 6170181 6170181 1182 605 239 214 169 2409 6172590 5644042 0.99960 0.99950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17325 10572 6753 6753 LAND HELD IN TRUST 10125850 C 10125850 X 2259332 1213957 1213957 1045375 0 1045375 1505732 1213957 1213957 291775 0 291775 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 1,213,957. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT PROPERTY COSTS 1,213,957. FUNDRAISING 39715 5865 33850 25285 39715 5865 33850 25285 25285 8565 GENE HAUGLAND BOARD MEMBER PROVIDE THE PROGRAM TO TRANSFORM LIVES THROUGH HOMEOWNERSHIP X 5000 1800 0 1 1 JOEL PAPA BOARD MEMBER INVESTMENT PURPOSES X 10000 10000 0 1 1 11800 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.