2014-11-17T12:41:20-06:00 2013-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2013-01-01 411721815 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP SOUT 5073585123 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 RICK GOODEMANN CHIEF EXECUTIVE OFFICER 5073585123 2014-11-13 1 LAWRENCE H MOHR CPA P00447603 6128764500 2014-11-13 2013 2015-11-30 17:44:51Z RICK GOODEMANN 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 7906019 0 X WWW.SWMHP.ORG X 1992 MN TO PROVIDE ADEQUATE AND AFFORDABLE DWELLINGS FOR THE PEOPLE OF SOUTHWESTERN MINNESOTA. 14 14 28 4 0 0 4032737 2310810 4313868 5210022 166328 213764 15057 171423 8527990 7906019 2344399 954547 0 0 1231862 1242040 0 0 45055 4387365 5007259 7963626 7203846 564364 702173 36802389 38765588 25325786 26544287 11476603 12221301 CREATE THRIVING PLACES TO LIVE, GROW, AND WORK THROUGH PARTNERSHIPS WITH COMMUNITIES. 0 0 4135818 4531140 MULTI-FAMILY DEVELOPMENT AND ASSET MANAGEMENT - DEVELOPMENT AND MANAGEMENT OF MULTI-FAMILY RENTAL PROPERTY. 1,303 UNITS SERVED. 1919889 908024 223702 HOUSING AND COMMERCIAL REHAB - ASSISTED GOVERNMENT ENTITIES TO ADMINISTER HOUSING AND COMMERCIAL REHAB GRANTS RECEIVED FROM THE MINNESOTA HOUSING FINANCE AGENCY AND THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT. SERVED 231 UNITS AND 554 INDIVIDUALS. 638567 46523 626603 DEVELOPMENT - ASSISTED LOCAL UNITS OF GOVERNMENT AND NON-PROFIT DEVELOPERS TO IDENTIFY AND IMPACT HOUSING NEEDS. FUNDED FROM DEVELOPER FEES, FOUNDATION GRANTS AND THE MINNESOTA HOUSING FINANCE AGENCY. SERVED 102 UNITS AND 245 INDIVIDUALS. 6694274 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 85 0 28 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN X THE ORGANIZATION 5078361618 2401 BROADWAY AVENUE NO 4 SLAYTON MN 561721142 SHIRLEY ANDERSON-PORISCH CHAIRMAN OF THE BOARD 1.00 0.00 X X 1320 0 0 DAVID BENSON VICE CHAIR OF THE BOARD 1.00 0.00 X X 600 0 0 RICHARD HOLMBERG SECRETARY/TREASURER 1.00 0.00 X X 920 0 0 DEB LARSON DIRECTOR 1.00 0.00 X 0 0 0 JANE WILDUNG-LANPHERE DIRECTOR 1.00 0.00 X 680 0 0 JOHN FITZGERALD DIRECTOR 1.00 0.00 X 0 0 0 NEAL STEFFL DIRECTOR 1.00 0.00 X 440 0 0 MARY MULDER DIRECTOR 1.00 0.00 X 0 0 0 ISAAC DEBOER DIRECTOR 1.00 0.00 X 160 0 0 JULIE RATH DIRECTOR 1.00 0.00 X 1550 0 0 SCOTT JOHNSON DIRECTOR 1.00 0.00 X 680 0 0 JAY TRUSTY DIRECTOR 1.00 0.00 X 0 0 0 DOMINIC SMITH DIRECTOR 1.00 0.00 X 440 0 0 DALE ROEMMICH DIRECTOR 1.00 0.00 X 1200 0 0 RICK GOODEMANN CHIEF EXECUTIVE OFFICER 40.00 2.00 X 90805 0 9233 98795 0 9233 0 0 0 0 SVOBODA EXCAVATING INC 315 SOUTH HWY JACKSON MN 56143 CONSTRUCTION 446277 CLIFTONLARSONALLEN LLP 109 N MAIN ST AUSTIN MN 55912 ACCOUNTING SERVICES 246805 SCHROM CONSTRUCTION INC 303 E 1ST ST JANESVILLE MN 56048 CONSTRUCTION 153935 SOUTHWEST BUILDING SPECIALTIES INC 2401 BROADWAY AVE STE 4 SLAYTON MN 56172 CONSTRUCTION 126879 SWANSON HOME SPECIALISTS LLC 240 CENTRAL AVE S BALATON MN 56115 CONSTRUCTION 112806 7 2089551 221259 40000 2310810 RENTAL INCOME 531110 3123352 3123352 FEES FOR SERVICE 531390 1686312 1686312 ASSETS HELD FOR SALE 531390 400358 400358 5210022 213764 213764 MISCELLANEOUS 900099 171423 171423 171423 7906019 5381445 0 213764 10000 10000 944547 944547 108029 108029 920984 703837 178858 38289 35712 30778 4086 848 107281 84187 20756 2338 70034 55699 11609 2726 7819 6803 1016 29810 29810 434934 421731 13203 74185 72582 1381 222 10897 10897 34239 22496 11743 58521 30824 27170 527 60488 37465 23023 44733 36090 8643 53328 46630 6698 9673 9673 HOUSING PROGRAM EXPENSE 3689338 3685672 3561 105 HOME BUILDING EXPENSES 499294 454553 44741 7203846 6694274 464517 45055 473738 1219610 3477680 4214097 114707 43722 699950 744211 4762115 5492946 13022 96116 26232044 5300905 22396836 20931139 4561054 5149112 303287 874635 36802389 38765588 1011372 883628 667349 655949 9725859 9604280 290943 1062992 13477197 13671718 10000 521332 143066 144388 25325786 26544287 X 7621056 8049751 318098 334101 3537449 3837449 11476603 12221301 36802389 38765588 702173 42525 0 X X 0 1 X 1 1 1 X 6850469 1810036 3458165 4032737 2310810 18462217 6850469 1810036 3458165 4032737 2310810 18462217 1898585 16563632 133694 72811 115909 166328 213764 702506 31354 26665 277010 15057 171423 521509 19686232 22717091 0.84140 0.78870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2602469 2602469 22470722 5048649 17422073 1158853 252256 906597 20931139 ASSETS HELD FOR RESALE 1153554 C DUE FROM AFFILIATES 2220267 C INVESTMENTS IN LPS AND OTHER 1775291 C 5149112 SECURITY DEPOSITS 144388 144388 X PART IV, LINE 2B: SOUTHWEST MINNESOTA PARTNERSHIP IS A FISCAL AGENT FOR THE ROCK COUNTY HERITAGE CENTER AND THE SMALL CITIES DEVELOPMENT FUND PROGRAM THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT. PART X, LINE 2: IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING 2013 AND 2012. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2010 TO 2013, WHICH STATUTES EXPIRE IN 2014 TO 2017, RESPECTIVELY. 1 WORTHINGTON HOUSING AND REDEVELOPMENT AUTHORITY 819 TENTH STREET WORTHINGTON MN 56187 410950078 501(C)(3) 10000 FUNDS TO ASSIST IN DEVELOPMENT OF LOW-INCOME HOUSING UNITS. OPERATIONAL GRANT TO FURTHER THE MISSION OF THE SOUTHWEST MENTAL HEALTH CENTER. GRANT TO FURTHER THE MISSION OF THE COMMUNITY FOOD SHELF. 1 0 SMALL CITIES BLOCK GRANT - OWNER OCCUPIED HOUSING REHAB 95 656375 SMALL CITIES BLOCK GRANT - RENTAL REHAB 5 450 SMALL CITIES BLOCK GRANT - DUPLEX RENTAL REHAB 5 78162 HOME REHAB, GAP FINANCING & HELP LOAN DISBURSEMENTS 16 173037 OTHER ASSISTANCE PROGRAMS 9 36523 PART I, LINE 2: THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S. INCLUDE HAVING THE PROGRAM AND FINANCE STAFF REVIEW THE GRANT AGREEMENTS FOR REQUIREMENTS OF THE GRANT FUNDS. GRANT APPLICATIONS ARE ALSO REVIEWED BECAUSE MOST OF THE APPLICATIONS ARE INCORPORATED INTO THE AGREEMENTS. FOR THE GRANT FUNDS WITH ESTABLISHED POLICIES, THE APPLICATIONS AND THE FUNDERS' POLICIES ARE REVIEWED FOR ANY PROVISIONS THAT DICTATE HOW THE FUNDS ARE TO BE DISBURSED AND REPORTED. INTERIM AND FINAL NARRATIVE AND FINANCIAL REPORTS ON USAGE OF FUNDS ARE PROVIDED TO FUNDERS. THE FUNDS ARE TRACKED BY PROGRAM AND FINANCE STAFF. ALONG WITH THE FUNDER, THROUGH DRAW REQUESTS AND REPORTS. A CITY OF JACKSON MN 416005262 468410AD7 2004-09-29 4990000 MULTIFAMILY HOUSING ACQUISITION 0 0 0 B CITY OF LUVERNE MN 416005329 2009-11-06 5196000 MULTIFAMILY HOUSING ACQUISITION 0 0 0 A 225000 4990000 140000 99800 4750200 2004 0 0 1 1 B 261171 5196000 32000 5164000 2009 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 1 0 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF JACKSON, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2009 X 1 40000 FMV 0 0 0 0 PART I, COLUMN (B): REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 FORM IS PRESENTED TO THE BOARD OF DIRECTORS AT THE BOARD MEETING AND REVIEWED PRECEDING ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A POLICY IN PLACE SINCE 1997 THAT ADDRESSES THE FOLLOWING ELEMENTS: GIFTS OR FAVORS; USE OF CONFIDENTIAL INFORMATION; USE OF PROPERTY; USE OF POSITION TO SECURE BENEFITS. THE POLICY COVERS THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND OFFICERS OF THE CORPORATION. PERSONS WITH A CONFLICT ARE EXPECTED TO DECLARE THEIR CONFLICT. ALL DIRECTORS AND OFFICERS OF THE CORPORATION RENEW AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPLETES AN EVALUATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. AS PART OF THE EVALUATION, AN INFORMAL SURVEY IS CONDUCTED OF THE WAGE RATES OF EXECUTIVE DIRECTORS OF SIMILAR ORGANIZATIONS WITHIN SOUTHERN MINNESOTA. THE ORGANIZATION UTILIZED A SURVEY INSTRUMENT IN 2005 TO ESTABLISH WAGE RANGES FOR ALL POSITIONS. THE EXECUTIVE DIRECTOR EVALUATES THE FINANCE DIRECTOR ON A SEMI - ANNUAL BASIS AND DETERMINES THE WAGE ADJUSTMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. UPTOWN APARTMENTS 2401 BROADWAY AVENUE SLAYTON MN 56172 411721815 RESIDENTIAL RENTAL MN -6768 260866 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP SOUTHWEST PUBLIC HOUSING 2401 BROADWAY AVENUE SLAYTON MN 56172 411721815 RESIDENTIAL RENTAL MN -144027 4405092 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP NEW PRAGUE WESTGATE TOWNHOMES LLC 600 FIRST STREET NEW PRAGUE MN 56071 261540097 RESIDENTIAL RENTAL CO -2717 3664750 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP WESTBROOK APARTMENTS 2401 BROADWAY AVENUE SLAYTON MN 56172 411721815 RESIDENTIAL RENTAL MN -4384 294438 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP BUFFWOOD LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 270175280 RESIDENTIAL RENTAL MN -94491 8692952 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP PARTNERSHIP COMMUNITY LAND TRUST LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 263077766 LAND TRUST CO 30957 859632 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP ST PETER NICOLLET MEADOWS LLC 2401 BROADWAY AVENUE SLAYTON MN 56172 273495194 RESIDENTIAL RENTAL MN -52071 1680259 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RESIDENTIAL RENTAL MN 0 0 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP NICOLLET MEADOWS HOUSING GROUP WEST MENK DRIVE ST PETER MN 56082 412019031 RESIDENTIAL RENTAL MN 501(C)(3) LINE 9 SOUTHWEST MINNESOTA HOUSING PARTNERSHIP 1 CENTRAL SQUARE APARTMENTS LIMITED PARTNERSHIP 301 WASHINGTON AVENUE ST PETER MN 55082 201004066 RENTAL MN N/A RELATED 23868 69223 0 1 0.00010 MANKATO CHERRY RIDGE APARTMENTS LIMITED PARTNERSHIP 101 GLENWOOD MANKATO MN 56001 320186953 RENTAL MN N/A RELATED -11 1441581 0 1 0.00010 SOUTH PARK MANOR LIMITED PARTNERSHIP (CROSSROADS TOWNHOMES) 106 5TH STREET SW DODGE CTR MN 55927 411395722 RENTAL MN N/A RELATED -5860 2086213 0 1 0.65000 GRANDE APARTMENTS LIMITED PARTNERSHIP (GRANDE APARTMENTS) 104 N 9TH STREET OLIVIA MN 56277 411989163 RENTAL MN N/A RELATED -6 23141 0 1 0.00010 PARIS PARK LIMITED PARTNERSHIP (PARIS PARK TOWNHOMES) 1100-1100 PARIS ROAD MARSHALL MN 56258 753024145 RENTAL MN N/A RELATED -13 111694 0 1 0.00010 JACKSON FAMILY HOUSING LIMITED PARTNERSHIP (RIVER BLUFF TOWNHOMES) 300-302 HWY 71 S JACKSON MN 56143 411855345 RENTAL MN N/A RELATED -4 95732 0 1 0.00010 LUVERNE FAMILY HOUSING LIMITED PARTNERSHIP (ROCK CREEK TOWNHOMES) 300-323 OAK DRIVE LUVERNE MN 56156 411855330 RENTAL MN N/A RELATED 7325 220776 0 1 0.00010 ROCK MANOR LIMITED PARTNERSHIP (STONE CREEK TOWNHOMES) 500 W HATTIG STREET LUVERNE MN 56156 411443134 RENTAL MN N/A RELATED 7867 693738 0 1 0.20820 TANGLEWOOD ESTATE LIMITED PARTNERSHIP (TANGLEWOOD ESTATES) 901-924 TANGLEWOOD DR MONTEVIDEO MN 56265 411823082 RENTAL MN N/A RELATED -60861 1338572 0 1 0.99990 VIKING TERRACE APARTMENTS LIMITED PARTNERSHIP 1440-1460 N BURLINGTON WORTHINGTON MN 56187 202772402 RENTAL MN N/A RELATED -13 609427 0 1 0.00010 PIPESTONE FAMILY HOUSING LIMITED PARTNERSHIP (WHISPERING WINDS TOWNHOMES) 402-416 6TH AVE/724 5TH PIPESTONE MN 56165 411980471 RENTAL MN N/A RELATED 1719 34405 0 1 0.00010 PRAIRIE VIEW LIMITED PARTNERSHIP (WILLOW COURT TOWNHOMES) 1545-1627 DARLING DRIVE WORTHINGTON MN 56187 411823081 RENTAL MN N/A RELATED -33005 1062275 0 1 0.99000 RIVER RIDGE WINDOM LIMITED PARTNERSHIP (WINDOM APARTMENTS) 135 145 6TH AVE S WINDOM MN 56101 411924492 RENTAL MN N/A RELATED -3 153057 0 1 0.00040 WESTWIND ESTATES TOWNHOMES LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 263077684 RENTAL MN N/A RELATED 1 3216726 0 1 0.00010 SPRINGSTONE LIMITED LIABILITY COMPANY 2401 BROADWAY AVE SLAYTON MN 56172 270310144 RENTAL MN SOUTHWEST MINNESOTA HOUSING PARTNERSHIP RELATED -108025 4310080 0 1 0.80000 NEW CASTLE TOWNHOMES LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 271227549 RENTAL MN N/A RELATED -13 206021 0 1 0.00010 MARSHALL FAMILY APARTMENTS LIMITED PARTNERSHIP 4TH ST HWY 23 MARSHALL MN 56258 411824435 RENTAL MN N/A RELATED -212 58010 0 1 0.00500 KESTREL PROPERTIES V LIMITED PARTNERSHIP 7815 133RD ST WEST APPLE VALLEY MN 55124 411913956 RENTAL MN N/A RELATED -260 169951 0 1 0.37500 SIOUX FALLS LEASED HOUSING ASSOCIATES LIMITED PARTNERSHIP 2905 NORTHWEST BLVD 150 PLYMOUTH MN 55441 411952279 RENTAL MN N/A RELATED 84399 0 1 0.00010 SIBLEY PARKWAY APARTMENTS LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 274542357 RENTAL MN N/A RELATED -14 727188 0 1 0.00010 NOBLES SQUARE APARTMENTS LIMITED PARTNERSHIP 2401 BROADWAY AVE SLAYTON MN 56172 454339268 RENTAL MN N/A RELATED -20 677809 0 1 0.00010 PARK ROW CROSSING 2401 BROADWAY AVE SLAYTON MN 56172 611704545 RENTAL MN N/A RELATED 312377 0 1 0.00010 SOUTHWEST BUILDING SPECIALISTS INC 2401 BROADWAY AVENUE SLAYTON MN 56172 203280023 GENERAL CONTRACTOR MN SOUTHWEST MINNESOTA HOUSING PARTNERSHIP C 63387 364708 1.00000 1 0 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 1 NICOLLET MEADOWS HOUSING GROUP L 250000 FMV NICOLLET MEADOWS HOUSING GROUP G 130000 FMV PARK ROW CROSSING LP D 393564 FMV NOBLES SQUARE APARTMENTS D 183721 FMV SOUTHWEST BUILDING SPECIALISTS O 84578 FMV