Public Charity

GREATER MINNESOTA HOUSING FUND

GREATER MINNESOTA HOUSING FUND is a Public Charity headquartered in ST PAUL, MN. Financial data from the 2024 filing: $40.3M revenue, $17.7M expenses, $302.8M total assets. 27 publicly reported grants to this organization, totaling roughly $28.9M, appear in IRS filings.

EIN: 411836919 ST PAUL, MN Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$40.3M
Total Expenses$17.7M
Total Assets$302.8M
Grant Records27
Funding Total$28.9M
Filing Years2020–2024

Mission

PLEASE SEE SCHEDULE O.FOUNDED IN 1996 BY THE MCKNIGHT FOUNDATION AND BLANDIN FOUNDATION, GREATER MINNESOTA HOUSING FUND (GMHF) IS A 501 (C)(3) NONPROFIT, CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WITH THE MISSION OF SUPPORTING THE CREATION OF STRONG COMMUNITIES AND AFFORDABLE HOMES BY MAKING STRATEGIC INVESTMENTS AND FORMING EFFECTIVE PARTNERSHIPS. GMHF PROVIDES LOANS, GRANTS AND INVESTMENTS FOR THE CREATION AND PRESERVATION OF MULTIFAMILY RENTAL HOUSING AND SINGLE-FAMILY HOMES, AS WELL AS MISSION-RELATED PROGRAM SERVICES SUCH AS CAPACITY-BUILDING TECHNICAL ASSISTANCE AND GRANT MAKING. GMHF OPERATES EDUCATIONAL PROGRAMS, CONDUCTS RESEARCH AND PROGRAM DEVELOPMENT ON AFFORDABLE HOUSING CHALLENGES AND OPPORTUNITIES, CONDUCTS DEMONSTRATION PROJECTS, PILOTS NEW PROGRAMS AND PRODUCTS, ADVOCATES FOR SYSTEMS CHANGE, AND PROMOTES INCREASED LEVELS OF PUBLIC AND PRIVATE SUPPORT FOR THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN MINNESOTA.

Where $100 goes at Greater Minnesota Housing Fund

How Greater Minnesota Housing Fund divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$80 Programs the work itself
$20 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $80 for programs

$46
Affordable housing lending
58% of program spending
$25
Affordable housing programs, planning and technical assistance: for the description of gmhf's affordable housing programs, planning and technical assistance.More than just a lender, Greater Minnesota Housing Fund is…
31% of program spending
$9
Affordable housing investing activities
11% of program spending · Reported in the filing: 701 units; 500 units; 2,976 units
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT/CEO BEGINNING Andrea Brennan
DIRECTOR Angela Larson
CHIEF OPERATING OFFICER Barbara Sporlein
DIRECTOR Char Roberts
BOARD SECRETARY & TREASURER Cheryl Key
DIRECTOR Dale Roemmich

Officer compensation and complete director data available with membership.

Top Grant Purposes

Human & Social Services
$25,085,000 4 grants
General Support
$2,496,912 13 grants
Civil Rights & Social Justice
$1,104,523 5 grants
Economic Development
$130,000 2 grants
Unspecified
$107,750 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $40.3M $17.7M $302.8M
2023 $21.1M $10.7M $236.5M
2022 $25.0M $12.4M $217.9M
2021 $19.2M $8.9M $209.1M
2020 $17.0M $7.4M $158.9M

Between 2020 and 2024, reported annual revenue grew from $17.0M to $40.3M (+137%), with total assets most recently reported at $302.8M.

Interactive year-over-year charts and full filing details available with membership.

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