2024-10-25T12:47:19-04:00 2023-12-31 933495432 BAKER MEINZ & ASSOCIATES LTD 1000 SHELARD PKWY STE 110 MINNEAPOLIS MN 554264917 990 2023-01-01 261870077 CATALYST COMMUNITY PARTNERS CATA 6128774000 1330 LAGOON AVE MINNEAPOLIS MN 55408 STUART ACKERBERG BOARD CHAIR 6128774000 2024-09-10 false NATHAN D MEINZ P01258205 9525428010 2024-10-25 2023 2024-10-15 13:58:12Z STUART ACKERBERG 1330 LAGOON AVE MINNEAPOLIS MN 55408 180698 false X WWW.CATALYSTCOMMUNITYPARTNERS.ORG X 2008 MN CATALYST COMMUNITY PARTNERS IS A COMMUNITY DEVELOPER THAT REVITALIZES DISTRESSED COMMERCIAL CORRIDORS BY DEVELOPING VACANT PROPERTIES AND CULTIVATING SUSTAINABLE BUSINESSES THAT ENHANCE LIVABILITY AND PROVIDE NEIGHBORHOOD JOBS. 3 3 0 10 0 0 425119 180698 0 0 425119 180698 0 0 0 0 0 646011 486083 646011 486083 -220892 -305385 2616145 1963601 1890091 1542932 726054 420669 X CATALYST COMMUNITY PARTNERS (CATALYST) REVITALIZES DISTRESSED COMMERCIAL CORRIDORS BY DEVELOPING VACANT PROPERTIES AND CULTIVATING SUSTAINABLE BUSINESSES THAT ENHANCE LIVABILITY AND PROVIDE NEIGHBORHOOD JOBS. CATALYST BEGAN ITS NORTH MINNEAPOLIS REVITALIZATION WORK IN 2004 AND INCORPORATED AS A 501(C)(3) NONPROFIT ORGANIZATION IN JANUARY 2008. CATALYST FOCUSES ON COMMERCIAL PROPERTY REVITALIZATION, BUSINESS DEVELOPMENT AND COMMUNITY ENGAGEMENT. false false 308308 COMMERCIAL PROPERTY REVITALIZATION SINCE 2004, CATALYST HAS COMPLETED 12 COMMERCIAL PROJECTS IN THE WEST BROADWAY AREA OF NORTH MINNEAPOLIS, MORE THAN ANY OTHER ORGANIZATION. CATALYST BRINGS BLIGHTED, OFTEN HISTORIC PROPERTIES BACK INTO SERVICE AND CREATES JOBS FOR LOCAL AND MINORITY CONSTRUCTION WORKERS. IN THE YEARS 2008-2021, CATALYST PROJECTS HAVE ACHIEVED 45 TO 54 PERCENT MINORITY PARTICIPATION, TRIPLE THE STANDARD RATE FOR COMMERCIAL PROJECTS. CATALYST SETS HIGH STANDARDS OF EXCELLENCE, INCORPORATING PUBLIC ART, SAFETY IMPROVEMENTS, ARCHITECTURALLY DESIGNED FACADES AND QUALITY MATERIALS INTO EVERY PROJECT. ITS PROJECTS HAVE RECEIVED EIGHT AWARDS OF EXCELLENCE INCLUDING "2011 NAIOP AWARD OF EXCELLENCE FOR MIXED-USE", PRESENTED IN 2012. CATALYST OWNED AND MANAGED THREE COMMERCIAL PROPERTIES, REPRESENTING NEARLY 42,000 SQUARE FEET AND 9 TENANTS IN THE WEST BROADWAY AREA. DURING THE YEAR ENDED DECEMBER 31, 2021, CATALYST SOLD THE UNITY AND 1200 WEST BROADWAY BUILDINGS. CATALYST ALSO ASSISTS EXISTING PROPERTY OWNERS AND THIRD PARTY DEVELOPERS IN COMPLETING THEIR PROJECTS WITH HIGH-QUALITY COMMUNITY STANDARDS. 7810 BUSINESS DEVELOPMENT CATALYST'S REDEVELOPMENT EFFORTS BROUGHT AN ESTIMATED IN EXCESS OF 250 JOBS AND MORE THAN 40 EMPLOYERS TO NORTH MINNEAPOLIS IN THE PAST EIGHT YEARS. CATALYST'S KINDRED KITCHEN FOOD INCUBATOR PROGRAM SUPPORTS LOCAL FOOD ENTREPRENEURS IN LAUNCHING AND GROWING THEIR SMALL BUSINESSES. CATALYST ACTIVELY RECRUITS SUCCESSFUL RETAIL AND SERVICES BUSINESSES TO THE WEST BROADWAY CORRIDOR, EXPANDING LOW-SKILLED JOBS IDEALLY SUITED FOR NORTH MINNEAPOLIS' UNDER-EMPLOYED RESIDENTS WORKING CLOSELY WITH THE LOCAL BUSINESS ASSOCIATION AND SMALL BUSINESS SUPPORT ORGANIZATIONS, CATALYST ALSO ASSISTS EXISTING OWNERS IN IMPROVING THEIR BUSINESSES THROUGH PROPERTY RENOVATION EXPERTISE AND CATALYST'S LOAN FUND. 4653 COMMUNITY ENGAGEMENT CATALYST PROMOTES A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT BY FACILITATING A COMMUNITY DEVELOPMENT COMMITTEE AND COLLABORATING WITH MULTIPLE AGENCIES AND PARTNERS. CATALYST SUPPORTS AREA- WIDE PRIORITIES INCLUDING POST-TORNADO RECOVERY AND TRANSIT-ORIENTED DEVELOPMENT THROUGH ITS "BETTER TOGETHER" PROGRAM, OVER 5,000 VOLUNTEER HOURS HAVE CONTRIBUTED TOWARD COMMUNITY BEAUTIFICATION AND ENHANCEMENT PROJECTS. 320771 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false true false false false false true 0 0 false 0 false false false false false false false false X 3 3 false true false false false false false true true false false false true true true true false false true false MN X THE ORGANIZATION 6128774000 1330 LAGOON AVE MINNEAPOLIS MN 55408 X STUART ACKERBERG BOARD CHAIR 2.00 X X 0 0 0 WADE ANDERSON DIRECTOR 2.00 X X 0 0 0 JACKIE KNIGHT SECRETARY 2.00 X X 0 0 0 false false false RENTAL INCOME 110680 110680 INTEREST INCOME 70018 70018 180698 180698 180698 X 35168 35168 15364 15364 13976 13976 44574 40117 4457 82650 82650 9274 6677 2597 BAD DEBT EXPENSE 93750 93750 REAL ESTATE TAXES - P/S 45540 45540 REPAIR & MAINTENANCE- P/S 33402 33402 UTILITIES - P/S 28720 28720 83665 83665 486083 320771 165312 0 899927 312536 8417 27232 826 1508 2939073 1316748 1706975 1622325 2616145 1963601 271926 26723 1618165 1516209 1890091 1542932 X 726054 420669 726054 420669 2616145 1963601 -305385 X false true X true false X 938870 949521 1111637 425119 180698 3605845 938870 949521 1111637 425119 180698 3605845 3605845 938870 949521 1111637 425119 180698 3605845 1.00000 1.00000 0.00000 0.00000 X 316705 316705 2332230 1316748 1015482 290138 290138 1622325 STUART ACKERBERG BOARD CHAIR 35168 ASSET MGMT FEES false STUART ACKERBERG BOARD CHAIR 750 PROPERTY INSPECTIONS false FORM 990 - ORGANIZATION'S MISSION CATALYST COMMUNITY PARTNERS (CATALYST) REVITALIZES DISTRESSED COMMERCIAL CORRIDORS BY DEVELOPING VACANT PROPERTIES AND CULTIVATING SUSTAINABLE BUSINESSES THAT ENHANCE LIVABILITY AND PROVIDE NEIGHBORHOOD JOBS. CATALYST BEGAN ITS NORTH MINNEAPOLIS REVITALIZATION WORK IN 2004 AND INCORPORATED AS A 501(C)(3) NONPROFIT ORGANIZATION IN JANUARY 2008. CATALYST FOCUSES ON COMMERCIAL PROPERTY REVITALIZATION, BUSINESS DEVELOPMENT AND COMMUNITY ENGAGEMENT. FORM 990, PAGE 2, PART III, LINE 4A COMMERCIAL PROPERTY REVITALIZATION SINCE 2004, CATALYST HAS COMPLETED 12 COMMERCIAL PROJECTS IN THE WEST BROADWAY AREA OF NORTH MINNEAPOLIS, MORE THAN ANY OTHER ORGANIZATION. CATALYST BRINGS BLIGHTED, OFTEN HISTORIC PROPERTIES BACK INTO SERVICE AND CREATES JOBS FOR LOCAL AND MINORITY CONSTRUCTION WORKERS. IN THE YEARS 2008-2021, CATALYST PROJECTS HAVE ACHIEVED 45 TO 54 PERCENT MINORITY PARTICIPATION, TRIPLE THE STANDARD RATE FOR COMMERCIAL PROJECTS. CATALYST SETS HIGH STANDARDS OF EXCELLENCE, INCORPORATING PUBLIC ART, SAFETY IMPROVEMENTS, ARCHITECTURALLY DESIGNED FACADES AND QUALITY MATERIALS INTO EVERY PROJECT. ITS PROJECTS HAVE RECEIVED EIGHT AWARDS OF EXCELLENCE INCLUDING "2011 NAIOP AWARD OF EXCELLENCE FOR MIXED-USE", PRESENTED IN 2012. CATALYST OWNED AND MANAGED THREE COMMERCIAL PROPERTIES, REPRESENTING NEARLY 42,000 SQUARE FEET AND 9 TENANTS IN THE WEST BROADWAY AREA. DURING THE YEAR ENDED DECEMBER 31, 2021, CATALYST SOLD THE UNITY AND 1200 WEST BROADWAY BUILDINGS. CATALYST ALSO ASSISTS EXISTING PROPERTY OWNERS AND THIRD PARTY DEVELOPERS IN COMPLETING THEIR PROJECTS WITH HIGH-QUALITY COMMUNITY STANDARDS. FORM 990, PAGE 6, PART VI, LINE 3 CATALYST HAS NOT DELEGATED BOARD DUTIES. HOWEVER, THE ORGANIZATION HAS SEPARATE LEGAL AGREEMENTS WITH THE ACKERBERG GROUP AND ACKERBERG PROPERTIES FOR CONSTRUCTION AND PROPERTY MANAGEMENT SERVICES RELATED TO ITS COMMUNITY PROPERTY HOLDINGS. SERVICE AGREEMENTS ARE BELOW MARKET RATES AND ARE APPROVED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION WHO ARE FULLY BRIEFED ON ALL POTENTIAL CONFLICTS OF INTEREST. THE ACKERBERG GROUP AND ITS RELATED COMPANIES HAVE NO OWNERSHIP INTEREST IN THE ORGANIZATIONS COMMUNITY PROPERTY AND BUSINESS HOLDINGS. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY FOR EACH BOARD MEMEBER FORM 990, PAGE 6, PART VI, LINE 15B THE COMPANY IS AN ALL VOLUNTEER ORGANIZATION. ALL OFFICERS AND DIRECTORS SERVE WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E INTEREST - LOAN COSTS 18,396 0 0 ROAD & GROUNDS - P/S 17,139 0 0 ADMINISTRATIVE EXPENSES - 16,800 0 0 OTHER EXPENSES- P/S 16,617 0 0 CLEANING & JANITORIAL 14,713 0 0 TOTAL 83,665 0 0 CATALYST FIVE POINTS LLC 1330 LAGOON AVE MINNEAPOLIS MN 55408 260155697 DEVELOPMEN DE 164130 1945614 CATALYST