Edina, MN

EAST EDINA HOUSING FOUNDATION

EIN 36-3354189

Housing, Food & Basic Needs Affordable Housing & Tenant Rights Low-income Seniors

Mission

To expand and preserve affordable and workforce housing options in Edina by providing subordinate financing, acquiring land/buildings for affordable housing development, and supporting related charitable activities that benefit low- and moderate-income households in the City of Edina.

IRS-recognized 501(c)(3) public charity (supporting organization) Contributions are tax-deductible

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About EAST EDINA HOUSING FOUNDATION

East Edina Housing Foundation is a Minnesota 501(c)(3) nonprofit based in Edina that works with the City of Edina and local housing partners to create and preserve affordable and workforce housing. The foundation operates a subordinate financing program (branded Come Home 2 Edina) that provides down‑payment/subordinate loans and also acquires property for affordable and senior housing projects. The organization maintains significant assets and regularly partners with the Edina HRA, developers, and municipal programs to support housing initiatives in the community.

The foundation owns or has held properties used for affordable or senior housing redevelopment and has acted as a funding and land partner on multi‑unit projects and site acquisitions. Financial activity in recent filings shows program revenue and investment income supporting its housing activities and a multi‑million dollar asset base used to underwrite loans and property acquisitions. The board is composed of local community leaders and the foundation typically operates without paid staff, using board and municipal partnerships to administer programs.

In recent years the foundation continued to operate its Come Home 2 Edina downpayment assistance program (which has helped many local households become homeowners) but announced a temporary pause on new applications when repayments and program cashflow fell short of new demand. The foundation remains active in property acquisitions and development partnerships while program intake is reviewed and resourced for future sustainability.

Notable achievements

Longstanding down‑payment assistance program

Developed and operated the Come Home 2 Edina subordinate loan program for decades, helping well over a hundred families purchase homes in Edina and supporting homeownership for teachers, first responders and other community workers.

Property acquisition for senior housing

Acquired a two‑story office building at 4040 W. 70th St. and repositioned it for affordable independent living for older adults (a senior housing redevelopment effort led by the foundation).

Significant asset and funding growth

Reported multi‑million dollar contributions and investment income in recent years that materially increased the foundation’s net assets, enabling continued lending and property development activity in the Edina area.

At a glance

Total assets: $12.8M
Annual revenue: $494K
Tax status: 501(c)(3)Public charity (supporting organization)
EIN: 36-3354189
Location: Edina, MN
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Featured in regional press coverage for its Come Home 2 Edina program and for pausing new applications when program funds were depleted due to higher demand and slower repayment flows.

Listed in nonprofit and tax‑exempt databases and charity directories as an active 501(c)(3) housing organization serving Edina, MN, with publicly available Form 990 filings documenting finances and governance.

Acknowledged partner of the City of Edina and the Edina HRA on local housing initiatives, land leases and redevelopment projects aimed at increasing affordable and workforce housing options.

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