Greater Minnesota Housing Fund logo

Greater Minnesota Housing Fund

ST PAUL, MN EIN: 41-1836919 Website

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.

Financial Overview

From 2024 IRS Form 990-PF · 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

About Greater Minnesota Housing Fund

Based on IRS filings

Greater Minnesota Housing Fund is a nonprofit organization focused on Housing & Shelter, based in ST PAUL, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $302.8M in total assets. In 2024, it awarded 32 grants totaling $1.9M. Net investment income was $617K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Cities

BLOOMINGTONBROOKYN PARKCASS LAKECHICAGOCLARKS GROVEDASSELDILWORTHDULUTHEDEN PRAIRIEELK RIVERLAKEVILLEMANKATOMIAMIMINNEAPOLISMOORHEADMORANETT LAKENEW YORKPARK RAPIDSRED LAKE

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$11M$22M$33M$44M20202021202220232024
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
Qualifying Distributions
Net Investment Income$617,319$1,905,083$1,350,772
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$468K$936K$1M$2M20 grants202015 grants202126 grants202228 grants202332 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

HOUSING JUSTICE CENTER$375KAMERICAN INDIAN COMMUNIT…$188KENGAGE WINONA$188KMINNESOTA HOUSING PARTNE…$155KDIVINE KONNECTIONS INC$50KFACE TO FACE HEALTH AND …$50KHIDALGO INVESTMENTS$50KLEECH LAKE FINANCIAL SER…$50KLIFE COMMUNITY DEVELOPME…$50KMINNESOTA HOMEOWNERSHIP …$50K

Grant Size Distribution

121 grants across all recorded years

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

Open Grants

2 open opportunities from Greater Minnesota Housing Fund

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

ANDREA BRENNANPRESIDENT/CEO BEGINNING$309KKYLE LARSONCHIEF FINANCIAL OFFICER$235KJOHN ERRIGOMANAGING DIRECTOR OF EQUITY …$228KBARBARA SPORLEINCHIEF OPERATING OFFICER$219KJOHN ROCKERMANAGING DIRECTOR OF LENDING$206KERIC MUSCHLERDIRECTOR OF HOUSING AND HEAL…$146KMATTHEW HOLLANDCONTROLLER$132KPATRICK NESSHEADING HOME MINNESOTA FUNDE…$126K

From 2024 filing

NameTitleHoursCompensation
STEPHANIE CUMMINGSBOARD CHAIR2
TODD PRAFKEBOARD VICE CHAIR2
CHERYL KEYBOARD SECRETARY & TREASURER2
MITCHELL BERGDIRECTOR2
KIM BRETHEIMDIRECTOR2
JOSEPH ERRIGODIRECTOR2
ROSYMAR HJERMSTADDIRECTOR2
NATALIE JONESDIRECTOR2
STEPHANIE KLINZINGDIRECTOR2
ANGELA LARSONDIRECTOR2
JENNIFER MENDOZADIRECTOR2
JORGE PRINCEDIRECTOR2
CHAR ROBERTSDIRECTOR2
DALE ROEMMICHDIRECTOR2
NANCY VYSKOCILDIRECTOR2
ANDREA BRENNANPRESIDENT/CEO BEGINNING40$308,858
BARBARA SPORLEINCHIEF OPERATING OFFICER40$218,684
KYLE LARSONCHIEF FINANCIAL OFFICER40$235,422
JOHN ERRIGOMANAGING DIRECTOR OF EQUITY INVESTING40$228,084
JOHN ROCKERMANAGING DIRECTOR OF LENDING40$205,577
ERIC MUSCHLERDIRECTOR OF HOUSING AND HEALTH EQUITY40$145,974
MATTHEW HOLLANDCONTROLLER40$131,994
PATRICK NESSHEADING HOME MINNESOTA FUNDERS COLLABORATIVE DIREC40$126,366

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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