Greater Minnesota Housing Fund

“The executive committee consists of five members of the board of directors as designated by the full board. The executive committee has the full authority of the board of directors between meetings of the full board and conducts the annual review and compensation of the president/ceo.”

“John errigo and joseph errigo - family relationship”

“The cfo (and staff) and the coo will review the draft copy of the form 990. Once this review is complete the finance committee will review the draft copy of the form 990 and discuss any questions or changes. The board of directors will act on the recommendation of the finance committee for approval of the form 990 to file.”

“Conflict of interest disclosure forms are completed annually by the organization's officers and board members. Conflict of interest disclosure is a standing agenda item at the start of each board meeting. Conflict determinations are made by the board chair. Board members with a conflict do not vote on the conflicting matter, and may or may not participate in discussion of the matter as decided by the board members not in conflict. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“Annual review and compensation of president/ceo is performed by the executive committee of the board of directors using appropriate comparability data. As part of the annual review, the executive committee recommends the salary for the next calendar year. The process is documented in meeting minutes. This process was last undertaken in 2018 for the president/ceo. The compensation of other officers and staff is determined by an annual review of performance by the president/ceo using appropriate comparability data. This process was completed in 2018 for all employees.”

“The organization makes its financial statements and form 990 available on its website and upon request; the organization's governing documents and conflict of interest policy are made available to the public upon request.”

“In 2018 gmhf launched prosperity's front door: how homes build strong communities, an educational and public awareness effort to inform the public of affordable housing's impact on social outcomes in health, education, employment and the state and local economies. The work is intended to foster implementation of the 2018 minnesota task force on housing goals and recommendations to increase the supply of housing of all types in all areas of minnesota to address a severe housing shortage. Gmhf is a sponsor of the two-year educational program to broaden the network of civic leaders, employers, and public officials who will work together to implement housing solutions locally and statewide.”

“Professional fees: program service expenses 36,294. Management and general expenses 73,367. Fundraising expenses 0. Total expenses 109,661. Consultant fees: program service expenses 95,785. Management and general expenses 499,661. Fundraising expenses 0. Total expenses 595,446.”

“Change in present value discount 3,500,649.”