Nonprofit · EIN 41-0968007
GREATER METROPOLITAN HOUSING CORPORATION
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,833,613 | $5,081,895 | -$248,282 | $4,804,805 | $5,170,046 | -$365,241 |
| December 31, 2023 | 990 | $2,434,010 | $2,459,991 | -$25,981 | $7,274,976 | $7,391,935 | -$116,959 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,413,496
- of which government grants
- $1,284,287
- Program service revenue
- $3,420,109
- Investment income
- $8
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,676
- Other salaries and wages
- $129,466
- Salaries, compensation and benefits (total)
- $229,856
- Professional fundraising fees
- $0
- Legal fees
- $567
- Accounting fees
- $80,904
- Occupancy
- $43,453
- Depreciation
- $12,908
- Program services (functional)
- $4,934,301
- Management and general (functional)
- $104,178
- Fundraising (functional)
- $43,416
Balance sheet and other
- Total assets, start of year
- $7,274,976
- Total assets, end of year
- $4,804,805
- Total liabilities, end of year
- $5,170,046
- Net assets, end of year
- -$365,241
- Land, buildings and equipment
- $40
- Net assets without donor restrictions
- -$365,241
- Gross receipts
- $4,833,613
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDEN SPENCER | PRESIDENT/CEO Trustee or director, Officer | 40 | $69,864 | $10,812 |
| MAUREEN O'BRIEN WIESER | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| ERIK A ANDERSON | VICE CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| COREY HAALAND | VICE CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| JAY KIEDROWSKI | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| TODD BERREMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CAROLYN E OLSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GLENN SANSBURN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DANIEL SMITH | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ALYSON VAN DYK | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SCOTT WEATHERBY | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDEN SPENCER | PRESIDENT/CEO Trustee or director, Officer | 40 | $76,942 | $9,643 |
| MAUREEN O'BRIEN WIESER | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| ERIK A ANDERSON | VICE CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| COREY HAALAND | VICE CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| JAY KIEDROWSKI | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| TODD BERREMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CAROLYN E OLSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GLENN SANSBURN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DANIEL SMITH | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ALYSON VAN DYK | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SCOTT WEATHERBY | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 970 RAYMOND AVE STE 201, SAINT PAUL, MN 55114-1337
- Principal officer (990 for 2024)
- JULIA SPENCER, 2136 FORD PKWY 172, ST PAUL, MN 55116
- Signed the 990
- SCOTT WEATHERBY, TREASURER
- Phone
- (612) 339-0601
- Website
- WWW.GMHCHOUSING.ORG
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
TO PRESERVE, IMPROVE, AND INCREASE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, ASSIST COMMUNITIES WITH HOUSING REVITALIZATION AS WELL AS CREATE AND CARRY OUT DEMONSTRATION PROJECTS.
Program accomplishments
- SINGLE FAMILY HOMEOWNERSHIP PROGRAM GMHC BUILDS AND RENOVATES SINGLE FAMILY HOMES IN THE INNER-CITY OF MINNEAPOLIS, ST. PAUL AND VARIOUS SUBURBAN COMMUNITIES. THE MAJORITY OF HOMES ARE SOLD TO PERSONS WITH INCOMES AT OR BELOW 80% OF THE MEDIAN INCOME AND FIRST-TIME HOMEBUYERS. FINANCING TOOLS ARE AVAILABLE TO MAKE THESE HOMES AFFORDABLE. THIS PROGRAM PROVIDES AMONG OTHER THINGS: HOMEOWNERSHIP OPPORTUNITIES FOR INDIVIDUALS OFTEN PREVIOUSLY LEFT OUT OF THE OWNERSHIP MARKETPLACE, STABILITY AND INCREASED PROPERTY VALUES TO NEIGHBORHOODS, ADDITIONAL TAX REVENUE FOR THE CITY AND COUNTY, AND JOBS DURING CONSTRUCTION. THE HOMES ARE BUILT IN COOPERATION WITH VARIOUS CITIES, COUNTIES, MINNESOTA HOUSING AND NEIGHBORHOOD DEVELOPMENT CORPORATIONS.Expenses $4,420,109 · revenue $3,045,066
- NEW MARKET TAX CREDIT PROGRAM THIS IS AN EXPANSION OF GMHC'S SINGLE FAMILY HOMEOWNERSHIP PROGRAM. GMHC HAS OBTAINED DEDICATED TAX-CREDIT FINANCING FROM A POOL OF OUTSIDE INVESTORS TO ACQUIRE, REHAB AND/OR CONSTRUCT SINGLE-FAMILY HOMES IN QUALIFIED AREAS IN THE LOCAL COMMUNITY, AND SELL AT LEAST 20% OF SUCH HOMES TO LOW-INCOME PERSONS. THE BENEFITS OF THIS PROGRAM ARE SIMILAR TO THE SINGLE FAMILY PROGRAM.Expenses $471,225 · revenue $352,407
- SUSTAINABLE HOME OWNERSHIP PROGRAM (SHOP HOME MORTGAGE (TM)) IN PARTNERSHIP WITH DAYTON'S BLUFF NEIGHBORHOOD SERVICES, GMHC CREATED SHOP HOME MORTGAGE. SHOP'S PROPRIETARY PRODUCT WAS THE BRIDGE TO SUCCESS CONTRACT-FOR-DEED PROGRAM, AN INNOVATIVE AND FLEXIBLE CREDIT FACILITY FUNDED BY PUBLIC AND SOCIALLY RESPONSIBLE INVESTORS THAT OFFERED PRUDENT, AFFORDABLE CREDIT TO BORROWERS NO LONGER SERVED BY MAINSTREAM CREDIT MARKETS. THE 10-YEAR CONTRACT-FOR-DEED WAS FOR PEOPLE WHO HAD THE FINANCIAL CAPACITY TO PURCHASE A HOME BUT WHO HAD BEEN UNABLE TO QUALIFY FOR BANK FINANCING DUE TO POOR CREDIT HISTORY, BANKRUPTCY, FORECLOSURE, OR NOT UNDERSTANDING THE FINANCIAL PROCESS. THE PROGRAM ALLOWED BUYERS WHO HAD ADDRESSED THEIR CREDIT ISSUES TO PURCHASE A HOME THEN AND SUPPORTED THEM THROUGH A PERSONAL FINANCIAL PLAN, INDIVIDUAL COUNSELING, AND HOME BUYER EDUCATION. THE GOAL FOR THE BUYERS REMAINING IN A CONTRACT-FOR-DEED WAS AND STILL IS TO RESTORE THEIR CREDIT AND IMPROVE THEIR FINANCIAL HABITS SO THAT THE CONTRACT-FOR-DEED CAN BE REFINANCED INTO AN FHA OR CONVENTIONAL FIXED-RATE LOAN PRODUCT WITHIN TEN YEARS. AS A RESULT OF THE EFFORTS OF SHOP STAFF, COUNSELORS AND OUR SERVICER, COMMUNITY REINVESTMENT FUND, OVER 70% OF THE 156 CONTRACT-FOR DEED CLIENTS HAVE BEEN ABLE TO REFINANCE TO MARKET RATE MORTGAGE PRODUCTS.EFFECTIVE IN 2018, THE SHOP PROGRAM DISCONTINUED THE ISSUANCE OF NEW LOANS AND NOW ONLY SERVICES EXISTING LOANS OUTSTANDING.Expenses $42,967 · revenue $22,636
- PREDEVELOPMENT REVOLVING LOAN FUND THIS PROGRAM BEGAN IN 1992 AND SINCE THEN HAS PROVIDED OVER $74 MILLION IN PROJECT FINANCING, MAINLY THROUGH SEED MONEY AVERAGING 3% OF TOTAL DEVELOPMENT COSTS FOR THE PROJECTS. SINCE 1992, THE PROGRAM HAS FUNDED OVER 600 PROJECTS WHICH BUILT OUT OVER 26,000 HOUSING UNITS, WITH TOTAL BUILD OUT COSTS OF $2.4 BILLION. UNDER THIS PROGRAM, GMHC PROVIDED TECHNICAL ASSISTANCE AND HIGH-RISK PREDEVELOPMENT (SEED) LOANS TO ORGANIZATIONS TO ASSIST IN THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING. THESE LOANS COVERED EXPENSES SUCH AS ARCHITECTURAL FEES, SURVEYS, ENVIRONMENTAL AND SOIL TESTING, LAND COSTS, CONSULTANTS, ETC., AS WELL AS BRIDGE LOANS. GMHC ALSO ADMINISTERED THE FUNDING DURING THE PREDEVELOPMENT PHASE. THIS PROGRAM NO LONGER MAKES NEW LOANS, AND HAS 2 LONG-TERM LOAN RECEIVABLES TO COLLECT.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0968007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $4,804,805
- Income (IRS master file)
- $4,833,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,833,613 | $5,081,895 | $4,804,805 | XML |
| 990 | December 2023 | $2,434,010 | $2,459,991 | $7,274,976 | XML |
| 990 | December 2022 | $2,406,130 | $3,038,914 | $5,839,980 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0968007).
Questions about GREATER METROPOLITAN HOUSING CORPORATION
- What is the EIN of GREATER METROPOLITAN HOUSING CORPORATION?
- The employer identification number (EIN) of GREATER METROPOLITAN HOUSING CORPORATION is 41-0968007.
- Is GREATER METROPOLITAN HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to GREATER METROPOLITAN HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREATER METROPOLITAN HOUSING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER METROPOLITAN HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER METROPOLITAN HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GREATER METROPOLITAN HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names JULIA SPENCER.
- Who are the officers and directors of GREATER METROPOLITAN HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $69,864 (EDEN SPENCER, PRESIDENT/CEO).
- How much revenue does GREATER METROPOLITAN HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,833,613, expenses of $5,081,895 and total assets of $4,804,805 at year end.
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All nonprofits in SAINT PAUL · Minnesota · Housing and shelter