Form 990 for tax year 2022
Filed by GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $80,068
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,966,501
- Total liabilities, end of year
- $522,951
- Net assets or fund balances, end of year
- $2,443,550
- Program services expenses (Part IX)
- $80,068
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $80,068
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $66,091 · program services $66,091
-
8 · Pension plan contributions
total $2,515 · program services $2,515
-
9 · Other employee benefits
total $1,394 · program services $1,394
-
10 · Payroll taxes
total $4,817 · program services $4,817
-
11g · Fees: other
total $456 · program services $456
-
13 · Office expenses
total $151 · program services $151
-
14 · Information technology
total $3,614 · program services $3,614
-
16 · Occupancy
total $891 · program services $891
-
24a · Other expenses: LOAN PROCESSING EXPENSE
total $139 · program services $139
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,481
-
2 · Savings and temporary cash investments
beginning of year $2,140,786 · end of year $1,205,830
-
10a · Land, buildings and equipment: cost or other basis
$308,754
-
10b · Land, buildings and equipment: accumulated depreciation
$65,621
-
10c · Land, buildings and equipment, net
beginning of year $244,707 · end of year $243,133
-
15 · Other assets
beginning of year $426,896 · end of year $1,517,538
-
23 · Secured mortgages and notes payable
beginning of year $99,900 · end of year $199,900
-
25 · Other liabilities
beginning of year $221,352 · end of year $323,051
-
27 · Net assets without donor restrictions
beginning of year $2,523,618 · end of year $2,443,550
Mission and programs · 2022
Mission
THE PURPOSE OF THE ORGANIZATION IS TO TAKE A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT. IT WILL EMPHASIZE AFFORDABLE HOUSING DEVELOPMENT FOR LOW TO MODERATE INCOME RESIDENTS AND LEAD IN ECONOMIC DEVELOPMENT AND COMMUNITY BUILDING ACTIVITIES.GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION (GFCDC) IS A NON-PROFIT COMMUNITY DEVELOPMENT CORPORATION FORMED IN 1995 TO STRENGTHEN THE NEIGHBORHOODS IT SERVES BY DEVELOPING AND REHABILITATING HIGH QUALITY AFFORDABLE HOUSING. GFCDC PRIMARILY WORKS IN THE FROGTOWN NEIGHBORHOOD OF THE CITY OF ST. PAUL.
Activities or mission (Part I)
EMPOWERING INDIVIDUALS AND COMMUNITIES BY HELPING PEOPLE BUY, FIX, AND KEEP THEIR HOMES.
-
FOR OVER 25 YEARS, GREATER FROGTOWN CDC HAS SUBSTANTIALLY RENOVATED VACANT HOMES AND BUILT NEW HOMES ON VACANT LOTS WHICH WE HAVE SOLD TO LOW-TO-MODERATE INCOME FAMILIES, AS DEFINED BY HUD. OVER THAT TIME, WE HAVE DEVELOPED OVER 165 HOMES.
Expenses $80,068
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael MorrellMICHAEL MORRELL
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Krissi MillsKRISSI MILLS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Katelyn ShehuKATELYN SHEHU
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
David ZastrowDAVID ZASTROW
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Joel IsenbergerJOEL ISENBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joe ChowJOE CHOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kevin KnaseKEVIN KNASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mai Lee YangMAI LEE YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Randy NelsonRANDY NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brian DeppeBRIAN DEPPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark NettesheimMARK NETTESHEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William FlowersWILLIAM FLOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Justine LogelinJUSTINE LOGELIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jen JengJEN JENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Justin HouleJUSTIN HOULE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jason PetersonJASON PETERSON
EXECUTIVE DIRECTOR
- Total calculated
- $184,086
- From this org
- $0
- From related orgs
- $161,687
- Other
- $22,399
- Hours/week
- 0.25 + 39.75 related
Schedule J breakdown matched by us
- Base
- $0 + $137,745 related
- Bonus
- $0 + $10,945 related
- Other
- $0 + $12,997 related
- Deferred
- $0 + $6,467 related
- Nontaxable benefits
- $0 + $15,932 related
- Filer's total
- $0 + $184,086 related
-
Kjirsten JohnsonKJIRSTEN JOHNSON
CFO
- Total calculated
- $130,910
- From this org
- $0
- From related orgs
- $109,491
- Other
- $21,419
- Hours/week
- 0.25 + 39.75 related
-
Beth HyserBETH HYSER
CPO
- Total calculated
- $98,684
- From this org
- $0
- From related orgs
- $93,038
- Other
- $5,646
- Hours/week
- 2 + 38 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD OF DIRECTORS OF CNHS PERFORM AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND USE COMPARATIVE SALARY DATA FROM THE MINNESOTA COUNCIL OF NONPROFITS AND NEIGHBORWORKS AMERICA TO DETERMINE COMPENSATION FOR THE UPCOMING YEAR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMUNITY NEIGHBORHOOD HOUSING SERVICES
501(C)(3) · COMMUNITY DEVELOPMENT · MN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
FROGTOWN DEVELOPMENT LLC
RELATED · AFFORDABLE HOUSING · MN · 50% owned · share of income -$120,991 · share of assets $904,906
-
NEDU LLC
RELATED · LEASING · MN · 25% owned · share of income -$17,853 · share of assets $607,330
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412279349301911
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