Greater Minnesota Housing Fund logo

Greater Minnesota Housing Fund

Public charity · Grantmaker St. Paul, MN EIN: 41-1836919 Website

Greater Minnesota Housing Fund (GMHF) is a St. Paul-based public charity that supports affordable housing in Minnesota through lending, grants, investments, technical assistance, partnerships, research, and program development. It says it works in all 87 Minnesota counties, with emphasis on regional population centers, job-growth communities, underserved rural communities, and Tribal nations.

Key facts about Greater Minnesota Housing Fund

In short: Greater Minnesota Housing Fund gave $1.9M across 32 grants in 2024 (avg $58K), mostly in Minnesota. 71% of 2024 grantees were new. Source: 2024 IRS Form 990.

EIN
41-1836919
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$1,871,366
Grants made (2024)
32
Average grant
$58,480
Median grant
$42,500
New grantees (estimate)
71% first-time grantees (22 of 31, 2024)
Total assets
$302,777,264
Primary geography
Minnesota (88% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$302.8M

+28.0% YoY

Annual Giving

$1.9M

+46.3% YoY

Grant Count

32

+14.3% YoY

Avg Grant Size

$58K

+28.0% YoY

Is Greater Minnesota Housing Fund open to new grantees?

71%

first-time grantees, 2024

In 2024, 22 of 31 grantees (71%) were first-time recipients. First grants averaged $44K; repeat grants $102K. How we count

Medians: $45K first-time, $40K repeat.

  • 23% of 2024 grantees were also funded in 2023. Method
  • Giving grew 202% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

GMHF’s mission is to support strong communities and affordable homes for Minnesotans through low-cost capital, effective partnerships, and innovative solutions to local housing needs. Its stated work includes financing the planning, development, acquisition, and rehabilitation of affordable homes; grants and technical assistance; housing education and advocacy; and research and demonstration projects.

Its programs include support for emerging affordable housing developers; partnerships between the housing and healthcare sectors; and capacity building for rural and Tribal communities. Other initiatives described by GMHF address energy improvements in affordable housing and preservation of naturally occurring affordable housing.

Recipients listed in GMHF’s 2024 grants include organizations working in housing advocacy, community engagement, development, and related services. For example, Housing Justice Center describes its mission as preserving and expanding affordable housing for low-income people and families. Engage Winona says it strengthens communities through dialogue, support, and training. Minnesota Housing Partnership says it works collaboratively to expand housing and community development opportunity and grow development capacity.

Grantmaking

In 2024, GMHF reported 32 grants totaling $1,871,366. Grant amounts ranged from $6,500 to $375,000, with a median of $42,500.

Open Grants

2 open opportunities from Greater Minnesota Housing Fund

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Geographic Focus

Where this funder awards grants

GMHF says it works throughout Minnesota and in all 87 counties, with emphasis on regional population centers, job-growth communities, underserved rural areas, and Tribal nations. It says it may work outside Minnesota when doing so serves a unique role without detracting from its Minnesota work and adds value to new opportunities.

In 2024, 88% of reported grant dollars went to recipients in Minnesota. The remaining reported shares went to recipients in New York, Florida, and Utah (3% each) and Washington, D.C. (2%).

Grant Distribution by State

8states

Share of 2024 grant dollars across all 32 itemized grants.

Cities

MinneapolisSaint PaulDuluthWinonaBrookyn ParkNew YorkRed LakeBloomingtonCass LakeChicagoClarks GroveDasselDilworthEden PrairieElk RiverLakevilleMankatoMiamiMoorheadMora

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M20 grants2020 15 grants2021 26 grants2022 28 grants2023 32 grants2024

From 2020 to 2024, annual grant giving ranged from $571K (2020) to $1.9M (2024). In 2024 it made 32 grants totaling $1.9M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Housing Justice Center: $375KHousing Justice Center$375KEngage Winona: $233K across 2 grantsEngage Winona$233K · 2 grantsAmerican Indian Community Housing Organization: $188KAmerican Indian CommunityHousing Organization$188KMinnesota Housing Partnership: $155KMinnesota Housing Partnership$155KDivine Konnections Inc: $50KDivine Konnections Inc$50KFace to Face Health and Counseling: $50KFace to Face Health andCounseling$50KHidalgo Investments: $50KHidalgo Investments$50KLeech Lake Financial Services: $50KLeech Lake Financial Services$50KLife Community Development Corporation: $50KLife Community DevelopmentCorporation$50KMinnesota Homeownership Center: $50KMinnesota Homeownership Center$50K

The largest 2024 recipient was Housing Justice Center ($375K). Together the top 10 received $1.3M.

Grant Size Distribution

121 grants across all recorded years

70<$50K41$50–100K8$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 70 grants of 121 (58%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Housing Justice Center Saint Paul, MNFunding for regional kitchen table led by people with lived experience facing housing instability$375,000
American Indian Community Housing Organization Duluth, MNFunding for regional kitchen table led by people with lived experience facing housing instability$187,500
Engage Winona Winona, MNFunding for regional kitchen table led by people with lived experience facing housing instability$187,500
Minnesota Housing Partnership Saint Paul, MNCosts associated with local housing trust fund technical assistance, promotion of new state tax credit contribution fund, housing institutes round 9, and policy development$155,000
Divine Konnections Inc Duluth, MNPredevelopment costs for development of affordable owner occupied duplex at 2008-20016 w 4th st in duluth$50,000
Face to Face Health and Counseling Saint Paul, MNPredevelopment costs for development of 1170 arcade street in saint paul$50,000
Hidalgo Investments Miami, FLPredevelopment costs for development of 150 central avenue in long prairie$50,000
Leech Lake Financial Services Cass Lake, MNPredevelopment costs for creation of 20 single family homes in Cass, Itasca, Hubbard, and Beltrami counties$50,000
Life Community Development Corporation Rochester, MNPredevelopment costs for development of life community affordable housing in rochester$50,000
Minnesota Homeownership Center Saint Paul, MNSupport mhc four strategies to advance quity in homeownership in 2025$50,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2024 $302,777,264 $40,328,548 $17,741,215 $1,871,366
2023 $236,535,724 $21,142,915 $10,679,953 $1,279,500
2022 $217,893,047 $25,043,112 $12,440,295 $1,406,700

The reported grant counts were 32 in 2024, 28 in 2023, and 26 in 2022.

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$302,777,264$236,535,724$217,893,047
Revenue$40,328,548$21,142,915$25,043,112
Expenses$17,741,215$10,679,953$12,440,295
Net Investment Income$617,319$1,905,083$1,350,772

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 18, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 6, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 11, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 16, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Stephanie Cummings as board chair, Todd Prafke as board vice chair, and Cheryl Key as board secretary and treasurer. Directors listed are Mitchell Berg, Kim Bretheim, Joseph Errigo, Rosymar Hjermstad, Natalie Jones, Stephanie Klinzing, and Angela Larson.

Greater Minnesota Housing Fund is led by Andrea Brennan, President & CEO Beginning since 2024 (on filings since 2023); 8 of 23 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Andrea Brennan

    President & CEO Beginning

    President & CEO Beginning June → President & CEO Beginning, 2024

    On filings since 2023

    40 hrs/week

    $162K (2023) → $309K (2024)

  • Stephanie Cummings

    Board Chair

    Secretary & Treasurer → Vice Chair, 2021

    Vice Chair → Board Chair, 2024

    On filings since 2020

    2 hrs/week

    $1K (2020) → $0 (2024)

  • John Errigo

    Managing Director of Equity Investing

    Director of Syndication → Managing Director of Equity Investing, 2023

    On filings since 2020

    40 hrs/week

    $170K (2020) → $228K (2024)

  • John Rocker

    Managing Director of Lending

    Noah Impact Fund Manager → Director of Lending, 2022

    Director of Lending → Managing Director of Lending, 2023

    On filings since 2020

    40 hrs/week

    $140K (2020) → $206K (2024)

  • Angela Larson

    Director

    On filings since 2020

    2 hrs/week

    $400 (2020) → $0 (2024)

  • Nancy Vyskocil

    Director

    Chair → Director, 2024

    On filings since 2020

    2 hrs/week

    $2K (2020) → $0 (2024)

  • Stephanie Klinzing

    Director

    On filings since 2020

    2 hrs/week

    $2K (2020) → $0 (2024)

  • Patrick Ness

    Heading Home Minnesota Funders Collaborative Director

    Hhmfc Executive Director → Heading Home Minnesota Funders Collaborative Director, 2022

    On filings since 2021

    40 hrs/week

    $114K (2021) → $126K (2024)

  • Eric Muschler

    Director of Housing & Health Equity

    Director Housing & Helath Equity → Director Housing & Health Equity, 2023

    Director Housing & Health Equity → Director of Housing & Health Equity, 2024

    On filings since 2022

    40 hrs/week

    $138K (2022) → $146K (2024)

  • Dale Roemmich

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Joseph Errigo

    Director

    Vice Chair → Secretary & Treasurer, 2021

    Secretary & Treasurer → Director, 2023

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Kim Bretheim

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Mitchell Berg

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Natalie Jones

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Char Roberts

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Jennifer Mendoza

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Jorge Prince

    Director

    New on the 2024 filing

    2 hrs/week

    No compensation reported

  • Rosymar Hjermstad

    Director

    New on the 2024 filing

    2 hrs/week

    No compensation reported

  • Barbara Sporlein

    Chief Operating Officer

    COO → Chief Operating Officer, 2024

    On filings since 2023

    40 hrs/week

    $225K (2023) → $219K (2024)

  • Kyle Larson

    Chief Financial Officer

    CFO Beginning July → Chief Financial Officer, 2024

    On filings since 2023

    40 hrs/week

    $103K (2023) → $235K (2024)

  • Matthew Holland

    Controller

    New on the 2024 filing

    40 hrs/week

    $132K (2024)

  • Cheryl Key

    Board Secretary & Treasurer

    Director → Board Secretary & Treasurer, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Todd Prafke

    Board Vice Chair

    Director → Board Vice Chair, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (14)
  • Former: Rosy Hjermstad (2020–2023) — Director
  • Former: Warren W. Hanson (2020–2023) — President & CEO
  • Former: Mohamed Omar (2021–2023) — CFO
  • Former: Catherine McCarthy (2023) — Director of Capital Development
  • Former: Emily Larson (2020–2022) — Director
  • Former: Jane Barrett (2020–2022) — Director
  • Former: Rebecca Martin (2020–2022) — COO
  • Former: Richard Roesler (2020–2022) — Director
  • Former: Miranda Walker (2020–2021) — Senior Loan Officer
  • Former: Barbara Sanderson (2020) — Director
  • Former: Deborah Flannery (2020) — Director of Lending
  • Former: James Solem (2020) — Director
  • Former: Mark Voxland (2020) — Director
  • Former: Tom Cronin (2020) — CFO

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Andrea Brennan — President/CEO Beginning: $309KAndrea BrennanPresident/CEO Beginning$309KKyle Larson — Chief Financial Officer: $235KKyle LarsonChief Financial Officer$235KJohn Errigo — Managing Director of Equity Investing: $228KJohn ErrigoManaging Director of Equity…$228KBarbara Sporlein — Chief Operating Officer: $219KBarbara SporleinChief Operating Officer$219KJohn Rocker — Managing Director of Lending: $206KJohn RockerManaging Director of Lending$206KEric Muschler — Director of Housing and Health Equity: $146KEric MuschlerDirector of Housing and Health…$146KMatthew Holland — Controller: $132KMatthew HollandController$132KPatrick Ness — Heading Home Minnesota Funders Collaborative Direc: $126KPatrick NessHeading Home Minnesota Funders…$126K

The highest reported compensation on the 2024 filing was $309K, to Andrea Brennan (President/CEO Beginning). 8 officers or directors reported compensation on that filing.

Contact

Mailing address: 2550 University Ave W 201-S, St Paul, MN 55114
Phone: (651) 221-1997
Website: https://gmhf.com

Frequently asked questions about Greater Minnesota Housing Fund

How much does Greater Minnesota Housing Fund give each year?

Greater Minnesota Housing Fund gave $1.9M across 32 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.3M across 28 grants.

What is Greater Minnesota Housing Fund's typical grant size?

Greater Minnesota Housing Fund's median grant in 2024 was $42,500, and its average grant was $58,480, across 32 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Greater Minnesota Housing Fund that year got $44K on average.

Where does Greater Minnesota Housing Fund give grants?

Greater Minnesota Housing Fund gives mostly in Minnesota: 88% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Saint Paul, MN (11 grants), Minneapolis, MN (5 grants), Duluth, MN (3 grants) and Winona, MN (2 grants).

Does Greater Minnesota Housing Fund give general operating support?

Not in 2024: none of the 32 grants with a stated purpose on Greater Minnesota Housing Fund's 2024 IRS Form 990 were described as general or operating support.

Who are Greater Minnesota Housing Fund's largest grantees?

Greater Minnesota Housing Fund's largest 2024 grantees include Housing Justice Center ($375,000), Engage Winona ($232,500 across 2 grants) and American Indian Community Housing Organization ($187,500), according to its 2024 IRS Form 990. Together they received 42% of its itemized 2024 grant dollars.

How large is Greater Minnesota Housing Fund?

Greater Minnesota Housing Fund reported $302.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $40.3M.

What does Greater Minnesota Housing Fund fund?

GMHF’s mission is to support strong communities and affordable homes for Minnesotans through low-cost capital, effective partnerships, and innovative solutions to local housing needs. See mission & focus areas ↑

How do I apply for a grant from Greater Minnesota Housing Fund?

Greater Minnesota Housing Fund has no public application process in the sources Grantable reviewed. Check gmhf.com for current guidelines, or contact the foundation directly before submitting a request.

What is Greater Minnesota Housing Fund's EIN?

Greater Minnesota Housing Fund's EIN (Employer Identification Number) is 41-1836919. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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