CENTRAL MINNESOTA HOUSING PARTNERSHIP INC
37 28TH AVENUE NORTH NO 102, ST CLOUD, MN 56303 www.cmhp.net

Total Revenue
$3,538,038
Total Expenses
$3,010,491
Net Assets
$3,440,962

Organizations Filed Purposes: CMHP, INC IS A NON-PROFIT REGIONAL COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDO) COMMITED TO ASSISTING UNDERSERVED COMMUNITIES TO PRESERVE, IMPROVE AND INCREASE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

TO ASSIST UNDERSERVED COMMUNITIES TO PRESERVE, IMPROVE AND INCREASE AFFORDABLE HOUSING.

AFFORDABLE HOUSING: CMHP ASSET MANAGES 684 UNITS OF AFFORDABLE HOUSING. CMHP VALUES ITS OWNERSHIP AND INTEREST IN RENTAL PROPERTIES AND TAKES RESPONSIBILITY FOR THE LONG-TERM HEALTH AND WELFARE OF ALL PROJECTS WITH WHICH ASSOCIATED. FUNCTIONS OF ASSET MANAGEMENT INCLUDE MONITORING PROGRAMS, FUNDERS, AND FINANCING REQUIREMENTS TO ASSURE COMPLIANCE AND TIMELY REPORTING; OVERSIGHT OF PROPERTY MANAGEMENT ACTIVITIES OF THE PROFESSIONAL PROPERTY MANAGERS, SITE VISITS, MONTHLY FINANCIAL REPORTS, ANNUAL BUDGET APPROVAL, CAPITAL IMPROVEMENT PLANNING AND TENANT SURVEYS. CMHP COMMUNICATES ON A REGULAR BASIS WITH PROPERTY MANAGERS, INVESTORS AND FUNDERS. AS CMHP CONTINUES TO DEVELOP NEW OR ACQUIRES AND REHABS EXISTING RENTAL PROPERTIES, IT WILL CONTINUE TO ADD AFFORDABLE RENTAL UNITS TO ITS ASSET MANAGEMENT PORTFOLIO. IN 2019, CMHP PRESERVED FRONTIER TOWNHOMES IN STAPLES.

PROPERTY MANAGEMENT: CMHP HANDLES ALL ASPECTS OF THE OPERATIONS, MANAGEMENT AND MAINTENANCE OF SELECTED PROPERTIES IN THEIR PORTFOLIO. CMHP'S PROPERTY MANAGEMENT DIVISION RECRUITS, SCREENS, SELECTS AND PLACES APPLICANTS IN HOUSING AND IS RESPONSIBLE FOR THE FINANCIAL MANAGEMENT, BUDGETING, CARETAKING SUPERVISION, REPORTING AND COMPLIANCE OF EACH PROJECT. IN 2011, CMHP PARTNERED WITH A FOR PROFIT DEVELOPER TO PRESERVE AN EXISTING RENTAL PROPERTY, SOUTH HAVEN, IN BRAINERD MINNESOTA. CMHP RECEIVES A FEE ANNUALLY FOR THE COMPLIANCE WORK THAT THEY PROVIDE FOR SOUTH HAVEN. THE NUMBER OF PROPERTIES CMHP MANAGES IS 22 RURAL DEVELOPMENT/TAX CREDIT PROJECTS CONSISTING OF 435 UNITS OF AFFORDABLE RENTAL.

RENTAL REHABILITATION DEFERRED LOAN PROGRAM (RRDL): IN 2012, CMHP BECAME AN ADMINISTRATOR OF THE (RRDL) RENTAL REHABILITATION DEFERRED LOAN PILOT PROGRAM, CREATED AND FUNDED BY MINNESOTA HOUSING. RRDL PROVIDES ELIGIBLE AFFORDABLE RENTAL PROPERTY OWNERS WITH 0% DEFERRED, PARTIALLY FORGIVABLE LOANS TO COVER THE COSTS OF NEEDED REHABILITATION ITEMS SUCH AS ROOFING, WINDOWS, DOORS, HVAC, PLUMBING, ENERGY EFFICIENCY AND HEALTH AND SAFETY ITEMS. THE MAXIMUM LOAN AMOUNT IS $300,000, WHICH CAN ALSO PAY FOR ELIGIBLE SOFT COSTS. RRDL LOANS CARRY COMPLIANCE REQUIREMENTS TO KEEP RENTS AFFORDABLE TO LOW AND MODERATE INCOME HOUSEHOLDS. CMHP CHARGES AN RRDL APPLICATION FEE IN THE AMOUNT OF $100 PER UNIT WITH A $3,000 MAXIMUM. FUNDED PROJECTS WILL THEN BE CHARGED AN ADMINISTRATIVE FEE THE LESSER OF $950 PER UNIT OR 10% OF THE RRDL LOAN. THE PAID APPLICATION FEE IS SUBTRACTED FROM THE CALCULATED ADMINISTRATIVE FEE AS THE APPLICATION FEE IS A NON-ELIGIBLE SOFT COST EXPENSE, WHILE THE ADMINISTRATIVE FEE IS AN ELIGIBLE SOFT COST EXPENSE. IN 2019, CMHP HAD 6 RRDL PROJECTS IN VARIOUS STAGES OF DEVELOPMENT.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Julie SchuellerFINANCE DIRECTOR40$70,571
Deanna HemmeschEXECUTIVE DIRECTOR40$66,617
Doug JacobsonMEMBER1$754
Genny ReynoldsMEMBER1$453
Mitch HohlenMEMBER1$395
Jay WeatherfordMEMBER1$0
Aziza MohamedMEMBER1$0
Sylvester Amara LaminMEMBER1$0
Luis Estevez JimenezMEMBER1$0
Joe JanishMEMBER1$0
Carey GroetheMEMBER1$0
Donald WelkerSECRETARY1$0
Nicole KlosnerTREASURER1$0
Lori SchultzVICE-PRESIDENT1$0
Jesse GodzalaPRESIDENT1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023049349300032_public.xml