Catalyst Community Partners

“Catalyst has not delegated board duties. However, the organization has separate legal agreements with the ackerberg group and ackerberg properties for construction and property management services related to its community property holdings. Service agreements are below market rates and are approved by the board of directors of the organization who are fully briefed on all potential conflicts of interest. The ackerberg group and its related companies have no ownership interest in the organizations community property and business holdings.”

“The finance committee will review the form 990 before it is filed.”

“The conflict of interest policy is reviewed annually for each board memeber”

“The company is an all volunteer organization. All officers and directors serve without compensation.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Catalyst community partners (catalyst) revitalizes distressed commercial corridors by developing vacant properties and cultivating sustainable businesses that enhance livability and provide neighborhood jobs. Catalyst began its north minneapolis revitalization work in 2004 and incorporated as a 501(c)(3) nonprofit organization in january 2008. Catalyst focuses on commercial property revitalization, business development and community engagement.”

“Commercial property revitalization since 2004, catalyst has completed 12 commercial projects in the west broadway area of north minneapolis, more than any other organization. Catalyst brings blighted, often historic properties back into service and creates jobs for local and minority construction workers. In the years 2008-2021, catalyst projects have achieved 45 to 54 percent minority participation, triple the standard rate for commercial projects. Catalyst sets high standards of excellence, incorporating public art, safety improvements, architecturally designed facades and quality materials into every project. Its projects have received eight awards of excellence including "2011 naiop award of excellence for mixed-use", presented in 2012. Catalyst owned and managed three commercial properties, representing nearly 42,000 square feet and 9 tenants in the west broadway area. During the year ended december 31, 2021, catalyst sold the unity and 1200 west broadway buildings. Catalyst also assists existing property owners and third party developers in completing their projects with high-quality community standards.”

“Administrative expenses - 22,029 0 0 cleaning & janitorial 20,240 0 0 interest - loan costs 18,396 0 0 utilities - p/s 17,117 0 0 total 77,782 0 0”