Community Facility Public Private Partnerships
- Assets
- $139.3m
- Revenue
- $6.8m
- Investments
- $7.3m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-5591574
Organization Overview
Community Facility Public Private Partnerships is located in Minnetonka, MN. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Facility Public Private Partnerships is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Community Facility Public Private Partnerships generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 17.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FACILITY PUBLIC PRIVATE PARTNERSHIPS (CFP3) IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION CREATED TO PARTNER WITH GOVERNMENT AND OTHER TAX-EXEMPT GROUPS TO MAKE THE DEVELOPMENT, FUNDING AND OPERATION OF PUBLIC AND COMMUNITY FACILITIES EASIER AND MORE SUCCESSFUL. THE CORPORATION IS THE SOLE MEMBER OF THE FOLLOWING SINGLE MEMBER LIMITED LIABILITY COMPANIES FORMED TO SERVE THE CORPORATION'S CHARITABLE PURPOSES: CFP MICHIGAN, LLC, CFP MICHIGAN II, LLC, CFP TAYLOR GOVERNMENTAL CENTER LLC, CFP BOYNTON BEACH TOWN SQUARE LLC, CFP RIVERSIDE LLC, CFP SHERMAN HOSPITAL, LLC, EMU CAMPUS LIVING, LLC, AND DELAWARE COUNTY SPORTS, LLC. THE CFP SHERMAN HOSPITAL PROJECT IS EXPECTED TO CLOSE MARCH 31, 2023. EMU CAMPUS LIVING, LLC TO DESIGN FINANCE, BUILD, REMODEL, OPERATE AND MAINTAIN THE STUDENT HOUSING ON EASTERN MICHIGAN UNIVERSITY IS EXPECTED TO CLOSE NOVEMBER 15, 2022. DELAWARE COUNTY SPORTS, LLC, FOR A YOUTH SPORTS COMPLEX IN OHIO IS EXPECTED CLOSE FIRST QUARTER OF 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Collins President | 40 | $189,500 | |
Tom Anderson Chairperson | 6 | $12,000 | |
Michael Langley Secretary | 6 | $12,000 | |
Paul Abzug Treasurer | 6 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccarthy Building Companies Inc | 12/30/21 | $18,675,663 |
Haskell Company | 12/30/21 | $668,479 |
Omni West Group Inc | 12/30/21 | $578,036 |
Hj High Construction | 12/30/21 | $520,641 |
E2l Real Estate Solutions | 12/30/21 | $363,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,731 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,592 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,848,234 |
| Total Revenue | $6,847,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $225,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,485,929 |
| Taxes | $11,676 |
| Depreciation | $134,000 |
| Occupancy | $209,668 |
| Travel, conferences, and meetings | $16,556 |
| Printing and publications | $0 |
| Other expenses | $318,577 |
| Total operating and administrative expenses | $6,763,946 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,763,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $431,087 |
| Net Accounts receivable | $69,343 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,740,169 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,344,303 |
| Other assets | $125,446,027 |
| Total assets | $139,342,573 |
| Accounts payable and accrued expenses | $3,714,555 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $986,268 |
| Other liabilities | $136,911,874 |
| Total liabilities | $141,612,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
West Central Minnesota Communities Action Inc Elbow Lake, MN | $6,410,822 | $11,174,117 |
Beacon Interfaith Housing Collaborative Saint Paul, MN | $38,850,974 | $10,667,246 |
Childserve Community Options Inc Johnston, IA | $2,057,993 | $11,623,811 |
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |