2024-06-27T13:04:10-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 880844004 THE MULTIFAMILY IMPACT COUNCIL MULT 6053764542 200 S PHILLIPS AVE CO BOB SIMPSON SIOUX FALLS SD 57104 BOB SIMPSON PRESIDENT AND CEO 6053764542 2024-06-26 1 BOB SIMPSON 999009999 1 LAURIE HANSON CPA P00851848 6053391999 2024-06-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BOB SIMPSON 200 S PHILLIPS AVE C/O BOB SIMPSON SIOUX FALLS SD 57104 592134 0 X HTTPS://MULTIFAMILYIMPACTCOUNCIL.ORG/ X 2022 SD THE MULTIFAMILY IMPACT COUNCIL WORKS TO ESTABLISH AND MAINTAIN MULTIFAMILY IMPACT INVESTMENTS AS A CREDIBLE, WIDELY ACCEPTED ASSET CLASS TO HELP INCREASE GLOBAL IMPACT CAPITAL FLOW INTO AFFORDABLE AND SUSTAINABLE RENTAL HOUSING IN THE UNITED STATES. 5 4 0 5 0 0 231958 580000 0 0 0 12134 0 0 231958 592134 0 0 0 0 0 0 0 0 0 295513 515113 295513 515113 -63555 77021 839548 469175 903103 455709 -63555 13466 X WE EXIST FOR THE GOOD OF THE INDUSTRY. WE EMPOWER IMPACT MOTIVATED OWNERS AND INVESTORS TO DO WELL, DO GOOD, AND DO MORE TOGETHER. WE WILL PARTNER WITH ANYONE WHO SHARES OUR BELIEF THAT HEALTHY, FINANCIALLY STABLE RENTERS CREATE HEALTHY, FINANCIALLY STABLE PROPERTIES. OUR TRADEMARKED MULTIFAMILY IMPACT FRAMEWORK REPRESENTS THE INDUSTRY STANDARD FOR IMPACT INVESTING IN THE UNITED STATES. THROUGH IT, WE MAINTAIN SEVEN CORE PRINCIPLES THAT DEFINE MINIMUM IMPACT THRESHOLD REQUIREMENTS AND ARTICULATE REPORTING METRICS THAT PROMOTE TRANSPARENCY AND ENABLE MEMBERS TO ESTABLISH MEANINGFUL, TANGIBLE, AND ALIGNED IMPACT GOALS.WE MAKE IT EASIER FOR IMPACT INVESTMENT PROFESSIONALS TO BUILD RELATIONSHIPS, ACCESS RESEARCH AND SHARE BEST PRACTICES THAT EDUCATE, TRAIN, AND SUPPORT THE CAREER GROWTH OF IMPACT PROFESSIONALS IN THE RENTAL HOUSING SECTOR. OUR EXPERTISE IS GROWING THE INDUSTRY'S EXPERTISE. 0 0 COMPLETED THE RESEARCH AND DRAFTING OF THE MULTIFAMILY IMPACT FRAMEWORK - AN INDUSTRY STANDARD OF PRINCIPLES AND REPORTING GUIDELINES FOR IMPACT INVESTING. FINAL 2023 VERSION OF THE FRAMEWORK WAS PUBLISHED AND MADE AVAILABLE AT NO COST FOR PUBLIC DOWNLOAD IN SEPTEMBER 2023.MAINTAINED AN ON-LINE PLATFORM TO SHARE INFORMATION, RESEARCH AND BEST PRACTICES TO OUR MEMBERS AND THE BROADER MULTI-FAMILY (MF) INDUSTRY VIA OUR MULTIFAMILY IMPACT COUNCIL (MIC) RESOURCE CENTER - AN ONLINE LIBRARY OF RESEARCH, TOOLS, AND BEST PRACTICES ACROSS EACH OF OUR 7 IMPACT PRINCIPLES.MAINTAINED A MONTHLY MIC NEWSLETTER AND QUARTERLY WEBINARS TO SHARE INFORMATION AND HIGHLIGHT BEST PRACTICES AND KEY TOPICS OF INTEREST TO THE MF IMPACT INVESTMENT COMMUNITY. 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 1 1 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 X BOB SIMPSON 6053764542 200 S PHILLIPS AVE SIOUX FALLS SD 57104 X BOB SIMPSON PRES, TREAS, SEC & CEO 20.00 X X 0 0 0 ANTONIO MARQUEZ CHAIR 1.00 X X 0 0 0 SUMMER HALTI VICE CHAIR 1.00 X X 0 0 0 AMANDA NUNNINK BOARD MEMBER 1.00 X 0 0 0 THOM AMDUR BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 SIMPSON IMPACT STRATEGIES LLC 200 SOUTH PHILLIPS AVENUE SIOUX FALLS SD 57104 MANAGEMENT SERVICES 396000 1 580000 580000 12134 12134 592134 0 0 12134 432875 2200 12467 42774 10423 12829 1545 515113 837985 467508 1563 1667 839548 469175 25499 35501 877604 420208 903103 455709 X 0 0 0 0 -63555 13466 -63555 13466 839548 469175 77021 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED BOB SIMPSON PRESIDENT, CEO AND CO-FOUNDER 396000 MANAGEMENT CONTRACT WITH SIMPSON IMPACT STRATEGIES, LLC TO OVERSEE THE DAY TO DAY MANAGEMENT AND ACTIVITIES OF THE MIC 0 FORM 990, PART VI, SECTION A, LINE 3 SIMPSON IMPACT STRATEGIES, LLC (SIS) SERVES AS THE MANAGEMENT COMPANY FOR THE ORGANIZATION. SIS IS RESPONSIBLE FOR IMPLEMENTING THE ORGANIZATION'S BUSINESS PLAN AND MANAGES ALL DAY TO DAY ACTIVITIES OF THE ORGANIZATION. IN 2023, SIS RECEIVED $396,000 IN COMPENSATION FROM THE MIC. THIS COMPENSATION COVERS ADMINISTRATIVE EXPENSES ASSOCIATED WITH THE MANAGEMENT OF THE MIC AND STAFF TIME FOR A RESEARCH ASSOCIATE, COMMUNICATIONS DIRECTOR AND CEO. BOB SIMPSON, CEO, WAS PAID $288,000 BY SIS FOR HIS SERVICES AS CEO FOR MIC. FORM 990, PART VI, SECTION A, LINE 5 THE EMAIL OF THE MANAGEMENT COMPANY FOR THE ORGANIZATION WAS HACKED DURING 2023. A FICTITIOUS INVOICE WAS SENT TO THE BOOKKEEPING SERVICE UTILIZED BY THE MULTIFAMILY IMPACT COUNCIL (MIC), REQUESTING PAYMENT OF $79,250. THE BOOKKEEPING SERVICE OVERLOOKED THE FACT THAT THE INVOICE WAS TO THE MANAGEMENT COMPANY AND NOT TO MIC. THE BOOKKEEPING SERVICE EMAILED THE MANAGEMENT COMPANY TO CONFIRM THE PAYMENT NEEDED TO BE PAID, AND THE HACKER CONFIRMED THAT THE PAYMENT WAS AUTHORIZED. THE BOOKKEEPING SERVICE PAID THE FICTITIOUS INVOICE. THE PRESIDENT OF MIC NOTICED THE PAYMENT AND QUESTIONED IT. THE PRESIDENT OF MIC FILED A POLICE REPORT. THE BANK WAS NOT ABLE TO RECOVER THE UNAUTHORIZED FUNDS TRANSFER AS THE HACKER HAD CLOSED THE ACCOUNT ONCE IT RECEIVED THE FUNDS. THE BOOKKEEPING COMPANIES INSURANCE REIMBURSED MIC IN FULL. MIC IS NO LONGER USING THIS BOOKKEEPING SERVICE AND IS PERFORMING BOOKKEEPING IN-HOUSE. FORM 990, PART VI, SECTION A, LINE 6 IN 2023, THERE WERE TWO CLASSES OF MEMBERS: FOUNDING MEMBERS AND SUSTAINING MEMBERS. FOUNDING MEMBERS WERE THE ORIGINAL MEMBERS OF THE ORGANIZATION AND PROVIDED FINANCIAL SUPPORT IN THE FORM OF AN UPFRONT MEMBERSHIP FEE COMMITMENT THAT COVERED THE FIRST 2 OR 3 YEARS OF THE ORGANIZATION (DEPENDING ON THE AMOUNT OF THEIR INITIAL COMMITMENT). SUSTAINING MEMBERS JOINED AFTER THE ORGANIZATION WAS CREATED AND PAY AN ANNUAL MEMBERSHIP FEE. UPON EXPIRATION OF THE FOUNDING MEMBERS' 2- OR 3-YEAR COMMITMENT, THEY WILL BECOME SUSTAINING MEMBERS SUBJECT TO ANNUAL MEMBERSHIP FEES. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE BEEN BEEN FORMED TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WILL BE REVIEWED BY THE PRESIDENT, BOB SIMPSON. FORM 990, PART VI, SECTION B, LINE 12C THE MULTIFAMILY IMPACT COUNCILS' CONFLICT OF INTEREST POLICY IS A BOARD-ADOPTED POLICY WHICH COVERS ALL OFFICERS AND BOARD MEMBERS. EACH YEAR, OR PRIOR TO ONBOARDING, MIC WILL DISTRIBUTE A DISCLOSURE FORM TO ITS BOARD MEMBERS FOR ONGOING MONITORING OF ANY CONFLICTS. IF A CONFLICT OF INTEREST IS DISCLOSED, THE BOARD MUST DETERMINE WHETHER ONBOARDING THE INDIVIDUAL IS FAIR AND REASONABLE, AND IN THE BEST INTEREST OF THE ORGANIZATION. ANY RESTRICTIONS THAT MAY BE IMPOSED ON INDIVIDUALS WITH CONFLICT(S) WILL BE DETERMINED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.