2016
Annual Report
About Us
Our Approach
The Minnesota Homeownership Center is
Through strategic partnerships with
the state’s leading independent, nonprofit
nonprofit service providers, government,
provider of information and resources aimed
and industry, we provide resources,
at helping all Minnesotans to begin and
finances, information and technical
maintain homeownership. Since 1993, we
assistance to our Homeownership
have served over 200,000 Minnesotans
Advisors Newtork that assists low- and
through our range of homeownership
moderate-income families to achieve
services, from pre-purchase education to
equitable access to the information
foreclosure prevention counseling, financial
necessary for long-term, successful
wellness, and asset development.
homeownership.
651.659.9336 866.HOC.MINN
www.hocmn.org
info@hocmn.org
1000 Payne Ave #200 Saint Paul, MN 55128
The Minnesota Homeownership Center promotes and advances successful homeownership in Minnesota.
Key Program Results
12,261 Households Participated in HomeStretch™, Framework® or Homebuyer Counseling
30 Professionals Trained and Certified as Homeownership Advisors
1,566
Visit hocmn.org for more info
Households Received Foreclosure Prevention Counseling
2,188
2016 Conference: Opening Doors. Expanding Opportunity. In 2016, the Center hosted over 75 Homeownership Advisors, homebuyer educators and other financial counselors to our bi-annual Conference: Opening Doors, Expanding Opportunity. The Conference offered homeownership advisors and educators the latest in housing trends and innovative practices, opportunities to network with other homeownership professionals and continuing education focused on advancing racial equity and improving financial wellbeing for low-income households and communities of color.
Avoid Foreclosure
334
Hours of Continuing Education and Technical Assistance Obtained by Homeownership Advisors via the Center
120,000 visitors sought reliable homeownership information via the Center’s website
66%
Real Estate Agents Received Continuing Education Credits
3,600 professionals rely on the Center’s e-newsletter for trusted information on homeownership trends and data
Homebuyer Counseling Program Expands to Include Financial Wellness In 2016, the Center worked with our Network and several national partners to add financial wellness to our prepurchase homebuyer education and counseling model. This focused programming is designed to meet the needs of diverse households and address the financial wellness needs of those facing significant barriers to future homeownership. The activities covered under our new model include: money management, establishing or improving credit, programs and products to build savings and avoiding scams and dangerous alternative products.
Center Partners with Department of Commerce to offer CE workshop In April of 2016, the Center partnered with the MN Department of Commerce, MN Housing, and the MN Association of REALTORS® to offer 3 hours of continuing education for real estate agents. The course, titled “Addressing Barriers to Homeownership: Ensuring Equity in Minnesota’s Changing Market,” equipped more than 150 agents with information, tips and resources to better offer homeownership opportunities to Minnesota’s growing multicultural and minority communities. Highlighting demand for equity-focused information, the workshop sold out in less than two hours. 651.659.9336 866.HOC.MINN
www.hocmn.org
info@hocmn.org
1000 Payne Ave #200 Saint Paul, MN 55128
The Homeownership Advisors Network is a statewide association of agencies providing homebuyer services, foreclosure counseling, reverse mortgage counseling, and other homeownership support. Led by the Minnesota Homeownership Center, the Network is committed to ensuring that Minnesotans have access to non-biased, trusted education and personalized advice on topics related to buying a home and sustaining homeownership. The Homeownership Center and the Homeownership Advisors Network are committed to ensuring that all Minnesotans are provided consistent, current, high-quality services and have access to non-biased information about buying a home, credit and fiancial issues and foreclosure avoidance.
Homeownership Advisors Network • 1st Home Network
• LSS Financial Counseling
• African Development Center
• Model Cities, Inc.
• African Economic Development Solutions
• Neighborhood Development Alliance
• African Families Development Network
• NeighborWorks Home Partners
• Anoka County Community Action Program
• Northwest Community Action Agency
• Arrowhead Economic Opportunity Agency
• One Roof Community Housing
• Bi-County Community Action Program
• PRG, Inc.
• Bii Gii Wiin
• Project for Pride in Living, Inc (PPL)
• Carver County Community Development Agency
• Reverse Mortgage Counselors, Inc.
• Central Minnesota Housing Partnership
• Rochester-Olmsted Community Housing Partnership
• Comunidades Latinas Unidas en Servicio (CLUES)
• Scott County Community Development Agency
• City of Mankato, Economic Development Agency
• Southwest Minnesota Housing Partnership
• City of St. Paul Planning & Economic Development
• Strickland Associates
• Community Action Duluth
• Three Rivers Community Action
• Community Action Partnership of Hennepin County
• Twin Cities Habitat for Humanity
• Dakota County Community Development Agency
• Umoja Community Development Corporation
• Headwaters Regional Development Commission
• Washington County Community Development Agency
• Hmong American Partnership
• West Central Minnesota Communities Action
• KOOTASCA Community Action
• White Earth Investment Initiative
• Lakes and Prairies Community Action
• Wright County Community Action
• Lao Assistance Center
The Minnesota Homeownership Center promotes and advances successful homeownership in Minnesota.
FINANCIAL OVERVIEW
FUNDRAISING
Income Total: $3,896,821 33% Grants & Contracts
12%
Contributions
14% Other*
2% In-Kind
Individual Donors Robyn Bipes
Mary Lynn Jahnke
Chris Boulton
Kasey Kier
Julie Gugin
Keenan Raverty
Nancy Hostetler
Up to $9,999
39%
Social Enterprise
*Other Income includes loan repayments, sales of Home Stretch manuals, interest and earned income.
Expense Total: $2,223,225 5% Management & General
Andersen Corporate Foundation
Coldwell Banker Burnet
Bank of the West
HRK Foundation
Bell Bank Mortgage
SFM
Bremer Bank
$10,000 to $49,999 Bank of America
Jay and Rose Phillips Family Foundation of Minnesota
BMO Harris Bank
TCF Foundation
Fannie Mae Greater Minnesota Housing Fund
92%
Program Services 3% Fundraising
NET ASSETS 2015: $3,410,151 NET ASSETS 2016: $5,083,747 CHANGE Net Assets: $1,673,596
$50,000 to $99,999 City of St. Paul Planning and Economic Development
Minnesota Department of Commerce
City of Minneapolis, Community Planning and Economic Development
www.hocmn.org
info@hocmn.org
1000 Payne Ave #200 Saint Paul, MN 55128
Target Foundation
Minnesota Housing US Bank U.S. Department of Housing and Urban Development
McKnight Foundation
Thank You!
651.659.9336 866.HOC.MINN
Otto Bremer Foundation
Over $100,000
Hennepin County For a detailed balance sheet, click here.
USDA Rural Development
Wells Fargo
Board of Directors President: Vicki Shipley • US Bank Vice President: Robyn Bipes • Twin Cities Habitat for Humanity Treasurer: David Lindstrom • BMO Harris Bank Secretary: Jill Aleshire • Caribou Coffee Christine Berger • Minnesota Association of REALTORS® Marilyn Bruin • University of Minnesota Joe Collins • City of Saint Paul, Planning and Economic Development Darielle Dannon • Metropolitan Consortium of Community Developers Rosey Dickey • TCF National Bank Jim Erchul • Dayton’s Bluff Neighborhood Housing Services Mike Happe • SFM Risk Solutions Kasey Kier • Minnesota Housing Sara Kraft • Bremer Bank Noel Nix • Ramsey County Robin Peterson • Coldwell Banker Burnet Keenan Raverty • Bell Banks Mortgage Cherie Shoquist • City of Minneapolis Community Planning and Economic Development Osborne Strickland • First Home Network, Inc. • Minnesota Home Ownership Center’s Advisory Council Stephanie Vergin • USDA Rural Development David Weise • Wells Fargo Bank
Center Staff Executive Director • Julie Gugin Director, Customer Service, Framework® • Sean Hawkins Marketing & Communications • Ed Nelson VP, Product Development, Framework® • Monique Yenamandra Program Director • Karen Pederson Program Manager, Framework® • Laura Grevas Program Director • Dana Snell Customer Service, Framework® • Karen Calva Program Director • Debbie Wuerffel Customer Service, Framework® • Judy Solís HUD Program Manager • Steph Stull Customer Service, Framework® • Annie Donegan Program Manager • Shannon Eckman
The Minnesota Homeownership Center promotes and advances successful homeownership in Minnesota.