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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
- Base
- $309k
- Bonus
- —
- Other
- —
- Benefits
- $59k
- Base
- $219k
- Bonus
- —
- Other
- —
- Benefits
- $79k
- Base
- $228k
- Bonus
- —
- Other
- —
- Benefits
- $41k
- Base
- $206k
- Bonus
- —
- Other
- —
- Benefits
- $46k
- Base
- $235k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $146k
- Bonus
- —
- Other
- —
- Benefits
- $44k
- Base
- $132k
- Bonus
- —
- Other
- —
- Benefits
- $43k
- Base
- $126k
- Bonus
- —
- Other
- —
- Benefits
- $36k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Beginning Above 90th percentilevs Housing & Shelter peers in Minnesota | $309k | — | — | $59k | $401k $428k |
Chief Operating Officer Above 90th percentile | $219k | — | — | $79k | $323k $345k |
Managing Director of Equity Investing Highest Compensated Employee Above 90th percentile | $228k | — | — | $41k | $292k $312k |
Managing Director of Lending Highest Compensated Employee Above 90th percentile | $206k | — | — | $46k | $275k $293k |
Chief Financial Officer Above 90th percentilevs Housing & Shelter peers in Minnesota | $235k | — | — | $9k | $269k $287k |
Director of Housing and Health Equity Highest Compensated Employee Above 90th percentile | $146k | — | — | $44k | $204k $218k |
Controller Above 90th percentile | $132k | — | — | $43k | $190k $203k |
Heading Home Minnesota Funders Collaborative Direc Highest Compensated Employee 75th to 90th percentile | $126k | — | — | $36k | $176k $188k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at GREATER MINNESOTA HOUSING FUND equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 42%
from 2023
From $281k in 2023 to $401k in 2024.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 68% from 2023 to 2024, while revenue rose 91%.
- Chief Operating Officer pay rose 15% from 2023 to 2024.
- Highest Compensated Employee pay rose 15% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about GREATER MINNESOTA HOUSING FUND
What does the Chief Executive Officer of GREATER MINNESOTA HOUSING FUND earn?
In 2024, the Chief Executive Officer of GREATER MINNESOTA HOUSING FUND received $400,864 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at GREATER MINNESOTA HOUSING FUND compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Minnesota, the 2024 pay of the Chief Executive Officer at GREATER MINNESOTA HOUSING FUND falls in the top 10%. In 2024, the highest total compensation at GREATER MINNESOTA HOUSING FUND equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are GREATER MINNESOTA HOUSING FUND's revenue and expenses?
In 2024, GREATER MINNESOTA HOUSING FUND reported $40.3M in total revenue and $17.7M in total expenses on its IRS Form 990.
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