Affordable Homes for All

“Joseph holmberg and nancy holmberg are married.”

“NO COMMITTEE.”

“The board of directors are provided a copy of form 990 and they have an opportunity to discuss before it is filed.”

“The organization's conflict of interest policy covers all board members and officers. Individuals are required to disclose to the entire board as soon as practicable if they are aware that the organization is considering, or already has in place, transactions with a party in which they or their family members have financial interests. In turn, the board is then obligated to evaluate the transaction and its ability to meet the organization's best interests at a reasonable rate (i.e., at or below fair market value ) without the participation of the interested member (although the board may require the individual to appear before the board to answer its questions). A "super-majority" vote to approve the transaction(s) is, in most instances, required to enter in, or maintain, the transaction. The policy also directs that any disagreements as to whether an individual has a conflict are to be decided by the full board without that individual's participation.”

“The governing documents, a conflict of interest policy, and financial statements are filed with the minnesota attorney general's office and are available upon request.”

“Information on the organization's board of directors: john miller has been on the board for over 12 years, 6 years as treasurer and 6 years as chair. He is a cpa and was the cfo of several tech companies. In retirement, he is cfo of dangerous man brewing and does consulting work for other brewers. Bruce wilson has been treasurer of the board for six years. He is a cpa and was a senior vice president with u.s. Bank. Nancy holmberg has a masters in english and taught high school literature and writing courses for 32 years. She is helpful in editing affordable homes for all communications and documents. Joe holmberg has been president of the board for over 12 years. He has an mba and is a cpa. For seventeen years, he was cfo and coo of commonbond communities and president of commonbond housing, its real estate subsidiary. Commonbond is the largest nonprofit provider of affordable housing in the upper midwest. Joe knows as much about affordable housing as anyone in the twin cities. The board has served continuously since at least 2018 and john miller and joe holmberg have served since inception.”