Family Housing Fund

Organization Overview

Family Housing Fund is located in Minneapolis, MN. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Family Housing Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Housing Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Family Housing Fund generated $42.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $41.0m during the year ending 12/2021. While expenses have increased by 32.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Family Housing Fund has awarded 173 individual grants totaling $15,137,565. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2021, THE FUND ENTERED INTO SUBRECIPIENT AGREEMENTS WITH MULTIPLE JURISDICTIONS TO DISTRIBUTE FEDERAL EMERGENCY RENTAL ASSISTANCE FUNDS TO ASSIST TENANTS AFFECTED BY THE COVID-19 PANDEMIC. THE FUND MANAGED A LANDLORD-BASED PROGRAM CALLED THE ZERO BALANCE PROJECT FOR FIVE JURISDICTIONS (MINNEAPOLIS, SAINT PAUL AND HENNEPIN, RAMSEY AND DAKOTA COUNTIES) THAT ALLOWED LANDLORDS TO SUBMIT MULTIPLE APPLICATIONS ON BEHALF OF TENANTS ALL AT ONCE. LANDLORDS WERE ABLE TO SUBMIT REQUIRED DOCUMENTATION (SUCH AS LEASE OR RENT LEDGER) BEFORE THE TENANTS PROVIDED THEIR REQUIRED DOCUMENTATION (SUCH AS INCOME). THIS PROVIDED GREATER EFFICIENCY FOR LANDLORDS WITH MULTIPLE BUILDINGS AND TENANTS AND EASED THE BURDEN FOR TENANTS WHO WERE IN FINANCIAL DISTRESS. THE FUND ALSO ADMINISTERED A TENANT BASED PROGRAM FOR DAKOTA COUNTY. RENTAL ASSISTANCE FOR TENANTS PROVIDED FROM THE ZERO BALANCE PROJECT IN 2021 TOTALED $27,520,227. RENTAL ASSISTANCE FOR TENANTS FROM THE DAKOTA COUNTY PROGRAM IN 2021 TOTALED $3,654,993.


INCREASE SUPPLY: THE OVERARCHING GOAL OF THE INCREASE SUPPLY PROGRAM AREA IS TO ENSURE A FULL RANGE OF HOUSING CHOICES ACROSS THE REGION BY INCREASING THE AVAILABLE SUPPLY OF AFFORDABLE HOUSING UNITS. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES RELATED TO THE NEW PRODUCTION AND PRESERVATION OF GOVERNMENT ASSISTED AND UNSUBSIDIZED AFFORDABLE HOUSING, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS.


EXPAND OPPORTUNITIES: THE OVERARCHING GOAL OF THE EXPAND OPPORTUNITIES PROGRAM AREA IS TO IMPROVE FAMILIES' ACCESS TO HEALTHY, AFFORDABLE HOMES THROUGHOUT THE REGION. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES THAT ADDRESS LIMITS TO FAMILIES' CHOICES IN HOUSING AND IMPROVE FAMILIES' INTERACTION WITH THE AFFORDABLE HOUSING SYSTEM, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS.


ACTIVATE MORE HOUSING CHAMPIONS: EXPENSES: $402,735, GRANTS: $32,523THE FUND EXPANDS PUBLIC UNDERSTANDING OF THE VALUE OF AFFORDABLE HOUSING AND PUBLIC WILL TO WORK TOGETHER TOWARD HOUSING SOLUTIONS IN THE CONTEXT OF A COMPREHENSIVE REGIONAL APPROACH THAT SERVES ALL COMMUNITIES AND THEIR RESIDENTS.OTHER: EXPENSES: $3,395,530, GRANTS: $200,000, REVENUE: $701,504THE FUND CONTINUES TO SERVE AS THE FISCAL SPONSOR FOR SEVERAL INITIATIVES TO END HOMELESSNESS. THE FUND ALSO CONTINUES TO WORK WITH LOCAL GOVERNMENTS, NONPROFIT ORGANIZATIONS, AND THE MORTGAGE COMPANY INDUSTRY TO HELP LOW AND MODERATE-INCOME FAMILIES BECOME SUCCESSFUL HOMEOWNERS. THE FUND MAINTAINS RESOURCES TO IDENTIFY EMERGING ISSUES THAT AFFECT THE AFFORDABLE HOUSING NETWORK AND TO HELP DEVELOP STRATEGIES TO ADDRESS THESE ISSUES.


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Board, Officers & Key Employees

Name (title)Compensation
Ellen K Sahli
President
$218,454
Colleen Ebinger
Vice President
$169,794
John Quincy
Vice President
$0
Rebecca Noecker
Vice President
$0
Jennifer Anderson
Vice President/treasurer
$0
Alene Tchourumoff
Chairperson
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clifton Larson Allen
Accounting & Administrative Services For
$2,840,908
Housing Link
Grants & Consulting On Rental Property S
$191,321
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $34,825,964
All other contributions, gifts, grants, and similar amounts not included above$6,821,498
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$41,647,462
Total Program Service Revenue$701,504
Investment income $4,890
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,355,449

Grants Awarded

Over the last fiscal year, Family Housing Fund has awarded $4,786,523 in support to 20 organizations.

Grant RecipientAmount

LAND BANK TWIN CITIES

PURPOSE: LENDING AND ACQUISITION CAPITAL

$1,750,000

BUILD WEALTH MINNESOTA

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: GENERAL OPERATIONS, AFFORDABILITY AND DOWNPAYMENT ASSISTANCE

$873,000

CENTER FOR ENERGY AND ENVIRONMENT

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: LENDING AND ACQUISITION CAPITAL

$750,000

SOUTHERN MINNESOTA REGIONAL LEGAL SERVICES

Org PageRecipient Profile

St Paul, MN

PURPOSE: HOUSING STABILITY AND LITIGATION WORK

$325,000

MID-MINNESOTA LEGAL ASSISTANCE INC

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: SUPPORT HEALTH AND SAFETY LITIGATION

$250,000

MINNESOTA HOMEOWNERSHIP CENTER

Org PageRecipient Profile

St Paul, MN

PURPOSE: HECAT

$175,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Family Housing Fund has recieved totaling $10,974,225.

Awarding OrganizationAmount
Bush Foundation

St Paul, MN

PURPOSE: TO HAVE FIRST-TIME HOME BUYERS FROM BIPOC COMMUNITIES BECOME OWNER-OCCUPANT LANDLORDS OF 2-4 UNIT PROPERTIES IN SAINT PAUL IN SEVERAL INNER RING SUBURBS

$4,000,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$2,100,000
Mcknight Foundation

Minneapolis, MN

PURPOSE: FOR GENERAL OPERATING SUPPORT

$1,500,000
Mcknight Foundation

Minneapolis, MN

PURPOSE: FOR GENERAL OPERATING SUPPORT

$1,500,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$700,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

$700,000
View Grant Recipient Profile

Peer Organizations

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