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.
Donations are tax-deductible
Category
Other
Employees
38
Volunteers
15
Financial Snapshot
FY ending 2024-12-31
Revenue
$40.3M
Expenses
$17.7M
Assets
$302.8M
Liabilities
$150.8M
Financial history
$40.3M$20.2M$0
161718192021222324
RevenueExpenses
Latest FY2024: $40.3M · Avg: $16.0M
501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.