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East Edina Housing Foundation

EIN 36-3354189 · Edina, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ENGAGE IN AND CONDUCT CHARITABLE ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF AND TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF THE CITY OF EDINA AND THE HRA: TO PROVIDE IN THE EEHF NEIGHBORHOOD, MODEST COST HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND IN CONNECTION THEREWITH,1. PROMOTE AND UNDERTAKE COMMUNITY DEVELOPMENT ACTIVITIES ON A NON-PROFIT BASIS WITHIN THE EEHF NEIGHBORHOOD.2. PROVIDE ASSISTANCE TO NON-PROFIT OR NOT-FOR-PROFIT DEVELOPERS OR SPONSORS OF LOW OR MODERATE-INCOME HOUSING, INCLUDING HOUSING FOR THE ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, WITHIN THE NEIGHBORHOOD AREA.3. RECEIVE BLOCK GRANTS OR SIMILAR FUNDS FROM THE CITY, OR OTHER GOVERNMENTAL AGENCIES OR SUBDIVISIONS, INCLUDING THE AUTHORITY, AND TO PUT TO PRODUCTIVE USE ALL OF SUCH FUNDS EXCLUSIVELY FOR THE AFOREMENTIONED PURPOSES.

Income
$493,575
Spending
$91,067
Spent on programs
81%
Reserves
Over 10 years of spending
Largest source of income
fees for its services, 73%
Employees
0
Volunteers
5

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 94% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 82% of income.

  • Income trend

    15 of 15

    Income rose 71% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 38% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $68,761 spent. THE COME HOME TO EDINA PROGRAM PROVIDES DOWNPAYMENT MORTGAGE ASSISTANCE THAT IS SUBORDINATE TO A FIRST MORTGAGE. IN 2024 WE CLOSED ON 25 LOANS (MORTGAGES) TOTALING $1,613,062. WE ALSO CLOSED ON 3 FIRST GENERATION FORGIVABLE MORTGAGES TOTALING $60,000. THESE LOANS HELP MAKE HOME OWNERSHIP POSSIBLE FOR THESE 25 BORROWERS.
  2. $4,837 spent. 4040 WEST 70TH LAND REDEVELOPMENT - THIS PROPERTY HAS BEEN FULLY REDEVELOPED INTO A 188 UNIT AGE RESTRICTED AFFORDABLE APARTMENTS BUILDING. THE LAND IS OWNED BY THE EDINA HOUSING FOUNDATION WHO ENTERED INTO A GROUND LEASE WITH THE BUILDING OWNER.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.