2025-10-31T14:50:55-05:00 2024-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2024-01-01 411658654 METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS METR 6127897337 3137 CHICAGO AVE S MINNEAPOLIS MN 55407 TRISH DEANDA CHIEF FINANCIAL OFFICER 6127897337 2025-10-31 1 1 LISA BURKE P00220718 6123397811 2025-10-31 2024 2025-03-06 01:10:19Z MINNESOTA CONSORTIUM OF COMMUNITY DEVELOPERS ELENA GAARDER 3137 CHICAGO AVE S MINNEAPOLIS MN 55407 4628278 0 X MCCDMN.ORG X 1989 MN TO EXPAND ECONOMIC PROSPERITY BY INVESTING IN AND STEWARDING COMMUNITY DEVELOPMENT RESOURCES. 10 10 24 10 0 0 1614202 4140288 1374612 405065 30686 82925 1853 0 3021353 4628278 257000 710387 0 0 2036541 2183493 0 0 174525 598075 875372 2891616 3769252 129737 859026 15118278 14772622 8995113 7915591 6123165 6857031 X MCCD WORKS COLLECTIVELY TO EXPAND ECONOMIC PROSPERITY BY INVESTING IN AND STEWARDING COMMUNITY DEVELOPMENT RESOURCES. 0 0 1738358 710387 56538 SMALL BUSINESS DEVELOPMENTAS A CDFI, MCCD DELIVERS ESSENTIAL SUPPORT TO BUSINESSES ACROSS A BROAD RANGE OF OWNERSHIP MODELS - FROM INDIVIDUALLY OWNED MICRO-ENTERPRISES TO COOPERATIVELY OWNED AND MEMBER-LED ENTERPRISES - PROVIDING GUIDANCE FROM STARTUP THROUGH EVERY STAGE OF GROWTH AND DEVELOPMENT. OUR MISSION-DRIVEN APPROACH PRIORITIZES COMMUNITY-BASED ECONOMIC OPPORTUNITY AND EXPANDED ACCESS TO BUSINESS RESOURCES FOR ENTREPRENEURS AND COMMUNITY GROUPS HISTORICALLY UNDERREPRESENTED IN TRADITIONAL SYSTEMS OF SUPPORT.(CONTINUED ON SCHEDULE O) SINCE LAUNCHING THE OPEN TO BUSINESS (O2B) PROGRAM IN 2011, MCCD HAS PROVIDED FORMAL SMALL BUSINESS DEVELOPMENT SERVICES TO COMMUNITIES ACROSS THE TWIN CITIES METRO AREA, WITH A FOCUS ON SUPPORTING ENTREPRENEURS OF COLOR, WOMEN, IMMIGRANTS, AND OTHERS WHO HAVE FACED BARRIERS TO ACCESSING TRADITIONAL FORMS OF CAPITAL OR SUPPORT. O2B OPERATES IN PARTNERSHIP WITH LOCAL AND REGIONAL MUNICIPALITIES THROUGHOUT THE SEVEN-COUNTY METRO, SERVING BOTH THE CORE CITIES OF MINNEAPOLIS AND SAINT PAUL AND 141 SUBURBAN COMMUNITIES. BUILDING ON THIS FOUNDATION, MCCD EXPANDED ITS SERVICES IN 2021 TO MEET THE GROWING NEED FOR ALTERNATIVE OWNERSHIP STRATEGIES THAT HELP KEEP BUSINESSES AND COMMERCIAL ASSETS ROOTED IN LOCAL COMMUNITIES. OUR SHARED OWNERSHIP PROGRAMMING AND LENDING COMPLEMENTS OUR LONG-STANDING WORK WITH CONVENTIONAL BUSINESSES AND IS PARTICULARLY TIMELY AS MANY OF MINNESOTA'S BABY BOOMER BUSINESS OWNERS APPROACH RETIREMENT AND SEEK SUCCESSION OR EXIT PLANNING SUPPORT. THIS SUPPORT IS AVAILABLE STATEWIDE TO COMMERCIAL COMMUNITY LAND TRUSTS, EMPLOYEE-OWNED COOPERATIVES, AND REAL ESTATE INVESTMENT COOPERATIVES THAT ARE AT LEAST 51% OWNED BY INDIVIDUALS WHO ARE PEOPLE OF COLOR, IMMIGRANTS, LOW-INCOME, WOMEN, VETERANS, OR PERSONS WITH DISABILITIES. OPEN TO BUSINESS (O2B) AND OUR SHARED OWNERSHIP PROGRAM PROVIDE SUPPORT AND GUIDANCE TO NEW, EMERGING, TRANSITIONING, AND GROWING BUSINESS OWNERS THROUGH ACCESS TO A HIGHLY SKILLED AND EXPERIENCED TEAM OF PROFESSIONALS WHO SERVE AS ADVISORS, ADVOCATES, AND PARTNERS. WE OFFER NO-COST, ONE-ON-ONE AND SMALL GROUP TECHNICAL ASSISTANCE IN ENGLISH, SOMALI, SPANISH, AND HMONG TO ENSURE OUR SERVICES ARE ACCESSIBLE TO THE DIVERSE COMMUNITIES WE SERVE. SUPPORT MAY INCLUDE FEASIBILITY ASSESSMENT, BUSINESS PLAN DEVELOPMENT, GOVERNANCE AND OPERATIONS MANAGEMENT EDUCATION, CASH FLOW AND FINANCING PROJECTIONS, MARKETING PLANS, LICENSING AND FILING REQUIREMENTS, THE DEVELOPMENT AND IMPLEMENTATION OF SOUND FINANCIAL MANAGEMENT SYSTEMS, AND GUIDANCE ON POLICY DESIGN AND RISK MITIGATION STRATEGIES. IN ADDITION TO TECHNICAL ASSISTANCE, MCCD OFFERS ACCESS TO CAPITAL FOR ENTREPRENEURS WHO MAY NOT QUALIFY FOR TRADITIONAL BANK FINANCING. MCCD HAS A STRONG TRACK RECORD OF ADVANCING THE FINANCIAL SUSTAINABILITY AND GROWTH FOR LOW-WEALTH INDIVIDUALS AND COMMUNITIES, PARTICULARLY THOSE LED BY ENTREPRENEURS OF COLOR. OVER THE PAST DECADE, WE HAVE DELIVERED MORE THAN 36,000 HOURS OF TECHNICAL ASSISTANCE TO OVER 7,500 ASPIRING AND ESTABLISHED BUSINESS OWNERS. WE HAVE ALSO PROVIDED DIRECT FINANCING TO MORE THAN 560 BORROWERS, TOTALING APPROXIMATELY $20 MILLION, AND HAVE HELPED LEVERAGE OVER $120 MILLION IN ADDITIONAL CAPITAL. IN 2024, DEMAND FOR SMALL BUSINESS TECHNICAL ASSISTANCE REMAINED HIGH AS MCCD ADVISORS ASSISTED 883 O2B AND SHARED OWNERSHIP CLIENTS THROUGH OVER 6,100 HOURS OF DIRECT TECHNICAL ASSISTANCE. MCCD PROVIDED SHARED OWNERSHIP BUSINESS ADVISING SERVICES TO 8 EMERGING EMPLOYEE-OWNED COOPERATIVES, INCLUDING 5 IN THE DIRECT CARE INDUSTRY. OUR SUPPORT FOCUSED ON HELPING THESE COOPERATIVES BUILD STRONG GOVERNANCE SYSTEMS, DEVELOP SUSTAINABLE BUSINESS MODELS, AND ACCESS CRITICAL CAPITAL. THROUGH A PARTNERSHIP WITH THE MINNESOTA DEPARTMENT OF HUMAN SERVICES, FUNDED BY THE AMERICAN RESCUE PLAN ACT (ARPA), EACH DIRECT CARE COOPERATIVE RECEIVED $162,400 TO SUPPORT THEIR LAUNCH AND LONG-TERM VIABILITY. IN ADDITION, MCCD SUPPORTED 2 COMMERCIAL REAL ESTATE INVESTMENT COOPERATIVES AND A COMMERCIAL COMMUNITY LAND TRUST, HELPING ADVANCE LOCAL OWNERSHIP STRATEGIES THAT PRESERVE AFFORDABILITY, MAINTAIN COMMUNITY CONTROL, AND BUILD ASSETS THROUGH MEMBER-LED STRUCTURES. 920421 348527 LOAN PROGRAMAS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), MCCD PROVIDES CAPITAL TO PEOPLE WHO FACE CHALLENGES IN ACCESSING THE COMMERCIAL BANKING SYSTEM, WITH A FOCUS ON BLACK, INDIGENOUS AND PEOPLE OF COLOR (POC), WOMEN, AND LOW-WEALTH ENTREPRENEURS. MCCD HAS BEEN MANAGING AND ADMINISTERING LOAN PROGRAMS, INCLUDING PROVIDING THE REQUIRED REPORTS AND REPAYMENTS OF CAPITAL, TO FUNDERS AND LENDING PARTNERS SINCE 1989. MCCD IS CURRENTLY A LENDING PARTNER WITH SEVERAL STATE-FUNDED FUNDED PROGRAMS, AS WELL AS THE CITIES OF MINNEAPOLIS, ROSEVILLE, AND ST LOUIS PARK.(CONTINUED ON SCHEDULE O)THE LOAN PROGRAM STRIVES TO DO THE FOLLOWING:PROVIDE PATIENT, LOW-INTEREST RATE LOANS (3-5%) TO TARGET-MARKET ELIGIBLE BUSINESSES AND COOPERATIVES, WITH A FOCUS ON SUPPORTING BLACK, INDIGENOUS AND OTHER PEOPLE OF COLOR. THESE LOANS HELP MITIGATE OPERATIONAL DISRUPTIONS AND IMPROVE ACCESS TO CAPITAL, ADDRESSING GAPS IN MANY STATE PROGRAMS AND THE LIMITED AVAILABILITY OF BANK FINANCING IN HISTORICALLY UNDERSERVED COMMUNITIES. WHEN NEEDED, SOME LOANS MAY OFFER INTEREST ONLY PAYMENTS FOR THE FIRST 1-2 YEARS. BY STRUCTURING OUR PRODUCTS TO MINIMIZE MONTHLY/ANNUAL DEBT EXPENSES FOR BUSINESS OWNERS, THOSE MOST IMPACTED BY THE PANDEMIC WILL HAVE A BETTER CHANCE TO STABILIZE AND GROW THEIR OPERATIONS.PROVIDE LOANS WITH A FORGIVABLE PORTION AND GRANTS TO BUSINESSES AND COOPERATIVES OWNED BY BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR IN TARGET-MARKET AREAS. THESE FUNDS ACT AS EQUITY-LIKE INVESTMENTS TO HELP ATTRACT AND LEVERAGE TRADITIONAL BANK FINANCING. AS MENTIONED ABOVE, THERE WERE DISPARITIES IN ACCESSING EMERGENCY FUNDING THROUGH GOVERNMENT PROGRAMS. THESE WILL PROVIDE IMMEDIATE ACCESS TO CAPITAL AND HELP BETTER POSITION BORROWERS FOR INCREASED BANK FINANCING.IN 2024, WE CLOSED 67 LOANS WITH $1,878,501 IN DIRECT LENDING, WHILE LEVERAGING AN ADDITIONAL $3,033,921 IN OUTSIDE CAPITAL, LEADING TO 411 NEW JOBS CREATED OR RETAINED. 415141 MEMBER SERVICES AND ADVOCACYSTATE POLICY ADVOCACY:DURING THE 2024 MINNESOTA STATE LEGISLATIVE SESSION, MCCD'S LEGISLATIVE AGENDA FOCUSED PRIMARILY ON ECONOMIC DEVELOPMENT POLICY, WHILE ALSO ADVOCATING FOR SUSTAINED INVESTMENTS IN AFFORDABLE HOUSING. POLICY PRIORITIES WERE INFORMED BY A WORKING GROUP MCCD CONVENED IN 2023.(CONTINUED ON SCHEDULE O)POLICY CHANGES WERE ENACTED THAT POSITIVELY IMPACT CDFIS AND OTHER MISSION-BASED LENDERS THROUGH UPDATES TO THE EMERGING ENTREPRENEUR LOAN PROGRAM (ELP), THE EXPANDING OPPORTUNITY GROWTH FUND, THE COMMUNITY WEALTH BUILDING PILOT PROGRAM, AND THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM:-AUTHORIZED FEE-BASED LENDING FOR ELP, THE EXPANDING OPPORTUNITY GROWTH FUND, AND THE COMMUNITY WEALTH BUILDING PILOT.-ESTABLISHED A 10% INTEREST RATE CAP FOR LOANS MADE UNDER THESE PROGRAMS.-CLARIFIED ELIGIBILITY FOR TRIBAL ECONOMIC DEVELOPMENT ENTITIES AND CDFIS TO ACCESS THESE PROGRAMS.-STREAMLINED UNDERWRITING BY REMOVING DUPLICATIVE PROCESSES FOR PARTNER ORGANIZATIONS IN ELP.-UPDATED THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM TO ENSURE GRANTS ARE USED EXCLUSIVELY FOR FREE TECHNICAL ASSISTANCE TO ENTREPRENEURS.-INCORPORATED AUTOMATIC PARTIAL LOAN FORGIVENESS FOR BORROWERS IN GOOD STANDING (10% FOR ELP; 15% FOR THE COMMUNITY WEALTH BUILDING PILOT). -ALLOWED A 15% ADMINISTRATIVE ALLOWANCE FOR GRANTEES OF THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM. -APPROVED A 1% LOAN CLOSING FEE FROM DEED TO SUPPORT ADMINISTRATIVE COSTS FOR ELP AND THE EXPANDING OPPORTUNITY GROWTH FUND.IN ADDITION TO ECONOMIC DEVELOPMENT, MCCD CONTINUED TO LEAD ADVOCACY EFFORTS AROUND HOUSING, PARTICULARLY RELATED TO HOUSING INFRASTRUCTURE BONDS (HIBS) AND THE HOUSING AFFORDABILITY PRESERVATION INVESTMENT PROGRAM.DESPITE A SMALLER OVERALL HOUSING BUDGET IN 2024, MCCD LED EFFORTS TO SECURE $50 MILLION IN NEW HOUSING INFRASTRUCTURE BONDS, ENSURING CONTINUED DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING. NOTABLY, ELIGIBLE USES FOR HIBS WERE EXPANDED TO INCLUDE THE DEVELOPMENT OF COOPERATIVELY OWNED AFFORDABLE HOUSING.MCCD STRONGLY SUPPORTED THE $50 MILLION ALLOCATION FOR THE HOUSING AFFORDABILITY PRESERVATION INVESTMENT PROGRAM, WHICH IS DESIGNED TO RECAPITALIZE DISTRESSED PROPERTIES, PRESERVE STATE-FUNDED AFFORDABLE HOUSING, AND HELP ENSURE FAMILIES CAN REMAIN STABLY HOUSED.RECOGNIZING THE IMPORTANCE OF CIVIC ENGAGEMENT IN POLICY CHANGE, MCCD HOSTED ITS THIRD ANNUAL POLICY AND ADVOCACY TRAINING IN 2024 AT THE STATE CAPITOL IN PREPARATION FOR THE 2025 SESSION. THE TRAINING PROVIDED PARTICIPANTS WITH HANDS-ON OPPORTUNITIES TO ENGAGE WITH THE LEGISLATIVE PROCESS, INCLUDING CONVERSATIONS WITH POLICYMAKERS, A BEHIND-THE-SCENES TOUR, AND PRACTICE TESTIFYING IN A HEARING ENVIRONMENT.AS PART OF OUR EXPANDED STATEWIDE POLICY AND MEMBERSHIP EFFORTS, WE ALSO BROUGHT OUR TRAINING TO GREATER MINNESOTA, HOSTING SESSIONS IN BEMIDJI AND MANKATO. THESE REGIONAL TRAININGS AIMED TO REDUCE PARTICIPATION BARRIERS FOR INDIVIDUALS AND ORGANIZATIONS OUTSIDE THE METRO AREA, ESPECIALLY AS REMOTE PARTICIPATION IN LEGISLATIVE HEARINGS BECOMES MORE WIDELY AVAILABLE.LOCAL POLICY ADVOCACY:RENT STABILIZATION - CITY OF MINNEAPOLIS - FOLLOWING THE PASSAGE OF A MINNEAPOLIS CHARTER AMENDMENT AUTHORIZING THE CITY COUNCIL TO CONSIDER RENT REGULATION POLICIES, THE CITY INITIATED A RENT STABILIZATION WORK GROUP TO HELP SHAPE THE POLICY FRAMEWORK. RECOGNIZING MCCD'S LEADERSHIP IN EQUITABLE HOUSING AND ECONOMIC DEVELOPMENT, THE CITY'S COMMUNITY PLANNING AND DEVELOPMENT DEPARTMENT NAMED MCCD AS A KEY STAKEHOLDER IN THIS PROCESS.MCCD PLAYED A CRITICAL ROLE IN THE 25-MEMBER WORK GROUP - WHICH INCLUDED RENTERS, PROPERTY OWNERS, DEVELOPERS, AND ORGANIZATIONAL REPRESENTATIVES - BY ELEVATING THE PERSPECTIVES OF NONPROFIT AFFORDABLE HOUSING PROVIDERS. IN ADDITION, MCCD PARTICIPATED IN A DEDICATED SUBGROUP OF OUR MEMBERS AND PARTNER ORGANIZATIONS TO ENSURE THAT NONPROFIT AFFORDABLE HOUSING VOICES WERE REPRESENTED AND THEIR CONCERNS INTEGRATED INTO THE POLICY RECOMMENDATIONS SUBMITTED TO THE CITY COUNCIL.MCCD'S PARTICIPATION HELPED SHAPE A MORE INCLUSIVE AND BALANCED RENT STABILIZATION FRAMEWORK THAT REFLECTS THE NEEDS OF BOTH TENANTS AND MISSION-DRIVEN HOUSING PROVIDERS.EMERGING LEADERS IN COMMUNITY DEVELOPMENT:THE EMERGING LEADERS IN COMMUNITY DEVELOPMENT (ELCD) PROGRAM CONTINUED TO SERVE AS A CORNERSTONE OF MCCD'S LEADERSHIP DEVELOPMENT STRATEGY IN 2024. DESIGNED TO BUILD A DIVERSE PIPELINE OF FUTURE COMMUNITY DEVELOPMENT LEADERS, ELCD SUPPORTED EARLY- TO MID-CAREER PROFESSIONALS THROUGH A SIX-MONTH COHORT EXPERIENCE CENTERED ON LEADERSHIP GROWTH, MENTORSHIP, AND EXPANDING PROFESSIONAL NETWORKS.IN 2024:-13 MENTEES AND 13 MENTORS PARTICIPATED IN THE 2024 COHORT, REPRESENTING A WIDE RANGE OF RACIAL, CULTURAL, AND PROFESSIONAL BACKGROUNDS ACROSS THE TWIN CITIES. EACH MENTEE WAS PAIRED WITH A SENIOR-LEVEL MENTOR, FOSTERING CROSS-GENERATIONAL LEARNING AND EXPANDING ACCESS TO PROFESSIONAL NETWORKS WITHIN THE COMMUNITY DEVELOPMENT FIELD.-MCCD HOSTED FIVE LEARNING AND NETWORKING EVENTS, INCLUDING SITE VISITS AND PANEL DISCUSSIONS ON EQUITABLE DEVELOPMENT, ECONOMIC INCLUSION, HOUSING JUSTICE, AND NONPROFIT LEADERSHIP.-THE COHORT EXPERIENCE ALSO INCLUDED INDIVIDUAL COACHING, PEER LEARNING SESSIONS, AND OPPORTUNITIES FOR PARTICIPANTS TO PRESENT THEIR WORK TO BROADER AUDIENCES, ENHANCING VISIBILITY AND LEADERSHIP CAPACITY.THE ELCD PROGRAM CONTINUES TO BE AN IMPORTANT INVESTMENT IN THE FUTURE OF EQUITABLE COMMUNITY DEVELOPMENT, BUILDING CAPACITY AND CULTIVATING LEADERS WHO ARE COMMITTED TO ADVANCING RACIAL AND ECONOMIC JUSTICE. 3073920 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 17 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X TRISH DEANDA CHIEF FINANCIAL OFFICER 6127897337 3137 CHICAGO AVE S MINNEAPOLIS MN 55407 GUNNAR CARLSON CHAIR 1.00 X X 0 0 0 WILL DELANEY VICE CHAIR 1.00 X X 0 0 0 JIM ERCHUL TREASURER 1.00 X X 0 0 0 NASIBU SAREVA SECRETARY 1.00 X X 0 0 0 JERU GOBEZE DIRECTOR 1.00 X 0 0 0 PERLA MAYO DIRECTOR 1.00 X 0 0 0 ANISHA MURPHY DIRECTOR 1.00 X 0 0 0 MANDY PANT DIRECTOR 1.00 X 0 0 0 ASALESOL YOUNG DIRECTOR 1.00 X 0 0 0 LAURA ZABEL DIRECTOR 1.00 X 0 0 0 ELENA GAARDER CHIEF EXECUTIVE OFFICER 40.00 X 163747 0 29191 TRISH DEANDA CHIEF FINANCIAL OFFICER 40.00 X 145252 0 8527 TYLER HILSABECK DIRECTOR OF SMALL BUSINESS DEVELOPMENT 40.00 X 125372 0 15761 434371 0 53479 3 0 1 0 0 32000 2446741 1661547 4140288 LOAN INTEREST 522291 319860 319860 BUSINESS SERVICES 541900 56538 56538 LOAN SERVICE FEES 522291 28667 28667 405065 82925 82925 4628278 405065 0 82925 710387 710387 346717 94366 181049 71302 1405009 1171700 166398 66911 65062 54363 7844 2855 234206 192385 35698 6123 132499 94280 28892 9327 23759 22469 1215 75 42263 27450 12983 1830 25250 25250 111180 81615 25674 3891 10977 6541 4322 114 107415 82157 19861 5397 43422 39305 3414 703 19873 13801 5091 981 61225 54291 6321 613 31254 18006 11403 1845 117173 117173 31253 24377 5313 1563 18207 13136 4196 875 BAD DEBT EXPENSE 191012 191012 LOAN PROGRAM COSTS 5518 5518 35591 34338 1133 120 3769252 3073920 520807 174525 2755936 810486 5797543 6382410 502978 557648 47925 138096 71923 57794 435153 160380 293631 274773 5648342 6551415 15118278 14772622 528356 290566 200000 72500 334000 660126 209921 7272631 7342604 8995113 7915591 X 5803283 5897812 319882 959219 6123165 6857031 15118278 14772622 X 859026 -125160 X X 0 1 X 1 0 X 14685678 13109430 3901028 1614202 4140288 37450626 14685678 13109430 3901028 1614202 4140288 37450626 579757 36870869 4060 1306 3073 30686 82925 122050 37572676 7049843 0.98130 0.98590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 25000 1 250 0 25250 0 PART II-B, LINE 1: MCCD'S LEGISLATIVE AGENDA WAS HEAVILY FOCUSED ON ECONOMIC DEVELOPMENT POLICY, BUT WE WERE ALSO SEEKING SUBSTANTIAL ONGOING INVESTMENTS IN AFFORDABLE HOUSING DURING THE 2024 MINNESOTA STATE LEGISLATIVE SESSION. MCCD'S POLICY CHANGE ITEMS WERE INFORMED BY A WORKING GROUP WE CONVENED IN 2023. POLICY CHANGES THAT PASSED IMPACTED THE EMERGING ENTREPRENEUR LOAN PROGRAM, EXPANDING OPPORTUNITY GROWTH FUND, COMMUNITY WEALTH BUILDING PILOT PROGRAM, AND THE SMALL BUSINESS ASSISTANCE PARTNERSHIP PROGRAM. THESE PROGRAMS ALL HELP SUPPORT STATEWIDE SMALL BUSINESS DEVELOPMENT WORK ACROSS THE ENTIRE NON-PROFIT ECONOMIC DEVELOPMENT FIELD. FOLLOWING LAST SESSION'S REMARKABLE $1.5 BILLION INVESTMENT IN HOUSING, HOUSING HAD A MUCH SMALLER BUDGET TARGET IN 2024 OF ONLY $10 MILLION THIS SESSION AND $50 MILLION IN DEBT SERVICE ALLOCATION FOR NEW HOUSING INFRASTRUCTURE BONDING INVESTMENTS. MCCD LED ON THE REQUEST FOR HOUSING INFRASTRUCTURE BONDS AND HEAVILY SUPPORTED INVESTMENTS FOR THE HOUSING AFFORDABILITY PRESERVATION INVESTMENT PROGRAM TO PRESERVE DEEPLY AFFORDABLE RENTAL HOUSING. 0 1 X 54100 54100 263637 85536 178101 47671 26112 21559 69745 48732 21013 274773 PROGRAM LOANS RECEIVABLE 6551415 F 6551415 X 4628278 0 4628278 0 4628278 3894412 125160 125160 3769252 0 3769252 PART IV, LINE 2B: THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE ANOKA COUNTY HRA TO ADMINISTER A WORKING CAPITAL LOAN FUND. THE LOAN FUNDS ARE HELD IN A SEPARATE BANK ACCOUNT OF THE ORGANIZATION AND MCCD WILL ADMINISTER AND COLLECT LOANS UNTIL THE AGREEMENT IS CANCELLED. THE WORKING CAPITAL LOAN FUND BALANCE AND ACCRUED INTEREST WILL BE RETURNED, ALONG WITH COLLECTED PRINCIPAL AND INTEREST PAYMENTS, WHEN ALL SUCH LOANS ARE PAID OFF OR CHARGED OFF. PART X, LINE 2: MCCD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR THREE YEARS AFTER THE DATE OF FILING, INCLUDING EXTENSIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSSES 125,160. 1 ADVOCATE CARE SOLUTIONS 1015 44 1/2 AVE NE COLUMBIA HEIGHTS MN 55421 991449022 162400 0 N/A N/A DHS GRANT CREATIVE VILLAGE CONNECTIONS 6825 ZENITH AVE N BROOKLYN PARK MN 55429 162400 0 N/A N/A DHS GRANT MINNESOTA DRIVERS COOPERATIVE 1701 AMERICAN BLVD E BLOOMINGTON MN 55425 150787 0 N/A N/A DHS GRANT MINNESOTA LIFESTYLE SOLUTIONS 2053 49TH ST SE ST CLOUD MN 56304 880798653 117400 0 N/A N/A DHS GRANT TWIN CITIES IMPACT COOPERATIVE 2909 HENNEPIN AVE STE 200 MINNEAPOLIS MN 55408 932084614 117400 0 N/A N/A DHS GRANT 0 5 PART I, LINE 2: MN DEPARTMENT OF HUMAN SERVICES (DHS) GRANTS: MCCD HAS A GRANT CONTRACT WITH THE MINNESOTA DEPARTMENT OF HUMAN SERVICES TO RECRUIT AND SUPPORT DIRECT SUPPORT PROFESSIONALS (DSPS) IN THE DEVELOPMENT OF BUSINESS PLANS (OR THE MODIFICATION OF EXISTING BUSINESS PLANS) AND SUSTAINMENT OF TEN (10) EMPLOYEE-OWNED COOPERATIVES. THE PURPOSE OF THE CONTRACT IS TO SUPPORT INCREASED WAGES, INCREASED BENEFITS AND RETENTION OF DSPS THROUGH SELF-EMPLOYMENT. ELIGIBILITY REQUIREMENTS: DSPS WHO ARE ELIGIBLE FOR THIS GRANT INCLUDE THOSE WORKING FOR HOME AND COMMUNITY-BASED SERVICES FOR PEOPLE WITH DISABILITIES AND OLDER ADULTS, WHICH INCLUDE: -DAY TRAINING & HABILITATION CENTERS (DT&H) -HOME CARE NURSES (RN AND LPN) -HOME HEALTH AGENCIES (HHA) -HOUSING STABILIZATION SERVICES -HOUSING SUPPORT SUPPLEMENTAL SERVICES -PERSONAL CARE ASSISTANTS (PCA) -WAIVER AND ALTERNATIVE CARE (AC) SERVICES [COMMUNITY ALTERNATIVE CARE WAIVER, COMMUNITY ACCESS FOR DISABILITY INCLUSION WAIVER, DEVELOPMENTAL DISABILITIES WAIVER, AND BRAIN INJURY WAIVER]. COOPERATIVES NEEDED TO BE REGISTERED WITH THE MINNESOTA SECRETARY OF STATE, SIGN THE METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS GRANT AGREEMENT BY MAY 29, 2024, AND HAVE SUBMITTED ENROLLMENT AND/OR LICENSING APPLICATION MATERIALS TO DHS FOR HOME AND COMMUNITY-BASED SERVICES. USE OF GRANT FUNDS: FUNDS WERE TO BE DIRECTED TO EXPENSES THAT SUPPORT THE DEVELOPMENT OR SUSTAINABILITY OF THE COOPERATIVE. EXAMPLES OF HOW THE DSPS MAY USE THEIR FUNDS INCLUDE BUT ARE NOT LIMITED TO, LICENSING FEES, EMPLOYEE TRAINING, CONSULTATION FEES FOR BUSINESS MANAGEMENT OR LEGAL GUIDANCE, BUILDING RENTAL EXPENSES, VEHICLE PURCHASING, SALARIES, AND BENEFITS. MCCD STAFF MET AT LEAST QUARTERLY WITH EACH COOPERATIVE TO MONITOR PROGRESS OF COOPERATIVE BUSINESS REGISTRATION, LICENSING ENROLLMENT, BUDGETING AND EXPENSES. X X 0 0 0 0 0 0 0 0 0 ELENA GAARDER CHIEF EXECUTIVE OFFICER 163747 0 0 0 0 0 8248 0 20943 0 192938 0 0 0 TRISH DEANDA CHIEF FINANCIAL OFFICER 145252 0 0 0 0 0 7422 0 1105 0 153779 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO ANY 501(C)(3) COMMUNITY DEVELOPMENT ORGANIZATION OPERATING IN THE TWIN CITIES METRO AREA. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS (THE GOVERNING BODY OR GOVERNING BOARD) IS ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. MEMBER ORGANIZATIONS MAY DESIGNATE ONE PERSON TO SERVE AS THE VOTING REPRESENTATIVE AT THE ANNUAL MEETING. TO BE ELIGIBLE FOR ELECTION, CANDIDATES MUST BE THE EXECUTIVE DIRECTOR OF ONE OF OUR MEMBER ORGANIZATIONS. BEYOND ELECTION, THE MEMBERSHIP AT LARGE HAS NO APPROVAL ROLE OF BOARD DECISIONS (THOUGH THEIR INPUT IS SOUGHT THROUGH SEVERAL COMMITTEES THAT REPORT TO THE BOARD - THE FINANCE COMMITTEE, ECONOMIC DEVELOPMENT COMMITTEE, HOUSING COMMITTEE.) WHILE SOME MEMBERS DO PARTICIPATE IN PROGRAMS/GRANTS WITH MCCD THAT MAY RESULT IN COMPENSATION, THE MEMBERSHIP AT LARGE DOES NOT RECEIVE ANY SHARE OF EXCESS ASSETS (NOR ARE THEY RESPONSIBLE FOR SHORTFALLS). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS SUBMITTED TO EACH MEMBER OF THE GOVERNING BOARD ELECTRONICALLY. AS THE BOARD ONLY MEETS ON A QUARTERLY BASIS, BOARD MEMBERS ARE ASKED TO REVIEW INDIVIDUALLY AND EITHER SUBMIT A VOTE FOR APPROVAL OR VOCALIZE ANY QUESTIONS OR OBJECTIONS. IF THERE ARE NO OBJECTIONS OR UNANSWERABLE QUESTIONS, THE FORM IS FILED AS SUBMITTED. IF MEMBERS OF THE BOARD OBJECT, OR DEEM FURTHER DISCUSSION NECESSARY, THE FORM IS TABLED TO BE PRESENTED AND REVIEWED AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S POLICY REGARDING CONFLICTS OF INTEREST IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BOARD ON AN ANNUAL BASIS. THE POLICY GOVERNS ANY CONTRACT OR TRANSACTION WITH (A) ONE OR MORE OF ITS DIRECTORS, (B) A DIRECTOR OF A RELATED ORGANIZATION, OR (C) AN ORGANIZATION IN OR OF WHICH A DIRECTOR OF ORGANIZATION IS A DIRECTOR, OFFICER, OR LEGAL REPRESENTATIVE, OR IN SOME OTHER WAY HAS A MATERIAL FINANCIAL INTEREST. MEMBERS OF THE BOARD ARE ASKED TO SIGN AND RETURN A STATEMENT WARRANTING THAT THEY UNDERSTAND THE POLICY AND AGREE TO COMPLIANCE. FOR ANY TRANSACTION WHICH IS DEEMED BY A MEMBER OF THE BOARD TO BE A CONFLICT OF INTEREST, THE INTERESTED DIRECTOR MUST DISCLOSE THE CONFLICT AND IS BARRED FROM VOTING ON THE MATTER. THE DIRECTOR MAY BE PRESENT DURING DISCUSSION FOR QUESTIONING, BUT MAY NOT EXPRESSLY ADVOCATE FOR THE ACTION, AND MUST LEAVE THE ROOM PRIOR TO A VOTE. ANY FINANCIAL TRANSACTION FOR WHICH THERE IS A POTENTIAL CONFLICT OF INTEREST MUST BE EXPRESSLY RATIFIED BY A MAJORITY OF THE BOARD AT A MEETING WHERE A QUORUM IS PRESENT. MINUTES WILL BE KEPT TO DOCUMENT THAT ALL REQUIREMENTS OF THE POLICY HAVE BEEN ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15A THE CEO, COMMONLY REFERRED TO AS THE EXECUTIVE DIRECTOR, IS RESPONSIBLE FOR HIRING, MANAGING AND TERMINATING EMPLOYEES AND CONTRACTUAL AGENTS. COMPENSATION AND OTHER TERMS OF EMPLOYMENT IS SET BY THE EXECUTIVE DIRECTOR, SUBJECT TO ANNUAL BUDGET APPROVAL BY THE BOARD. COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE EXECUTIVE DIRECTOR IS SET BY THE BOARD OF DIRECTORS. AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR IS CONDUCTED BY THE BOARD OF DIRECTORS IN JANUARY OF EACH CALENDAR YEAR. THE ORGANIZATION USES THE MINNESOTA COUNCIL OF NON-PROFIT'S SALARY SURVEY AS A GUIDE TO COMPARABLE MARKET SALARIES. THE DELIBERATION PROCESS AND DECISION PROCESS IS DOCUMENTED IN THE INDIVIDUAL EMPLOYEE RECORDS. FORM 990, PART VI, SECTION C, LINE 19 MCCD MAKES ITS FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC IN 2 FORMS: (1) COPIES OF THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENT AUDIT ARE AVAILABLE BY REQUEST, AND (2) THE ORGANIZATION'S PUBLISHED ANNUAL REPORT. THE ANNUAL REPORT INCLUDES FINANCIAL STATEMENTS, AS WELL AS PROGRAM UPDATES AND PRIOR YEAR RESULTS AND IMPACTS. THE ANNUAL REPORT IS AVAILABLE IN PRINT AND ELECTRONICALLY, AND DISTRIBUTED TO A MAILING LIST OF MEMBERS, SUPPORTERS AND FUNDERS. HARD COPIES ARE ALSO AVAILABLE IN THE ORGANIZATION'S LOBBY FOR VISITORS. MCCD'S ORGANIZATIONAL DOCUMENTS, INCLUDING ARTICLES OF INCORPORATION, BYLAWS, AND CONFLICT OF INTEREST POLICY, ARE AVAILABLE FOR INSPECTION, BY REQUEST, IN THE ORGANIZATION'S OFFICES LOCATED AT 3137 CHICAGO AVE, MINNEAPOLIS. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSSES -125,160. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FINANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PROPAGATE COMMUNITY DEVELOPMENT CORPORATION 3137 CHICAGO AVE S MINNEAPOLIS MN 55407 411677079 COMMUNITY DEVELOPMENT MN 501(C)(3) LINE 10 METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0