2022-06-10T10:05:29-05:00 2021-12-31 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2021-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE ST PAUL MN 55130 JULIE GUGIN PRESIDENT 6516599336 2022-06-08 1 JULIE GUGIN 999009999 ASHLEY REHN CPA P00965922 6514267000 2022-06-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JULIE GUGIN 1000 PAYNE AVENUE ST PAUL MN 55130 9184153 0 X WWW.HOCMN.ORG X 1993 MN HOME OWNERSHIP EDUCATION AND COUNSELING. 18 18 15 19 0 0 5370155 3804937 1069235 -1471076 315384 711520 27345 18861 6782119 3064242 0 5000 0 0 863651 1040263 8798 23796 44685 5366625 3030601 6239074 4099660 543045 -1035418 18809674 17549875 2224758 2037727 16584916 15512148 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 0 0 3527581 0 -1452215 THE MINNESOTA HOME OWNERSHIP CENTER, A NOT-FOR-PROFIT ORGANIZATION, BELIEVES THAT EQUITABLEACCESS TO HOMEOWNERSHIP IS ESSENTIAL TO STRONG COMMUNITIES AND CREATES OPPORTUNITIES FOR GENERATIONS TO COME. OUR MISSION IS TO PROMOTE AND ADVANCE SUCCESSFUL, SUSTAINED HOMEOWNERSHIP, WITH A FOCUS ON THE NEEDS OF LOW AND MODERATE-INCOME FAMILIES AND COMMUNITIES OF COLOR. THE CENTER PROVIDES A NETWORK OF COMMUNITY-BASED ORGANIZATIONS WITH THE TOOLS AND RESOURCES TO DELIVERY HOMEBUYER EDUCATION AND ADVISING, FINANCIAL COACHING, DELINQUENCY AND FORECLOSURE PREVENTION COUNSELING, AND OTHER SUPPORT TO HELP FAMILIES ACHIEVE AND SUSTAIN HOMEOWNERSHIP. IN ADDITION, THE CENTER DIRECTS A RANGE OF INITIATIVES AND ACTIVITIES WITH LENDERS, REALTORS, GOVERNMENT, NONPROFITS, AND OTHER INDUSTRY STAKEHOLDERS THAT ADVANCE HOMEOWNERSHIP AMONG THOSE FACING THE GREATEST BARRIERS. 3527581 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6516599336 1000 PAYNE AVENUE ST PAUL MN 55130 BIPES TIMM ROBYN CHAIR 0.50 X X 0 0 0 CROSBY BRIAN SECRETARY 0.50 X X 0 0 0 ERCHUL JIM BOARD MEMBER 0.20 X 0 0 0 FLANNERY DEB BOARD MEMBER 0.20 X 0 0 0 GAJESKI KAREN BOARD MEMBER 0.20 X 0 0 0 HAPPE MIKE BOARD MEMBER 0.20 X 0 0 0 HEALY NANCY BOARD MEMBER 0.20 X 0 0 0 KIER KASEY BOARD MEMBER 0.20 X 0 0 0 KIMBALL ROXANNE BOARD MEMBER 0.20 X 0 0 0 LINDSTROM DAVID TREASURER 0.50 X X 0 0 0 MARTIN REBECCA BOARD MEMBER 0.20 X 0 0 0 MCDONALD DARCY BOARD MEMBER 0.20 X 0 0 0 MOORE FATIMA BOARD MEMBER 0.20 X 0 0 0 PANNKUK PATTY BOARD MEMBER 0.20 X 0 0 0 RAVERTY KEENAN BOARD MEMBER 0.20 X 0 0 0 SCHUCHMAN KAYLA BOARD MEMBER (PART YEAR) 0.20 X 0 0 0 SOLIS ZUIKER VIRGINIA BOARD MEMBER 0.20 X 0 0 0 SPELLMAN MATT BOARD MEMBER 0.20 X 0 0 0 STEINHAGEN JULIE BOARD MEMBER 0.20 X 0 0 0 TENG ROSE VICE CHAIR 0.50 X X 0 0 0 THOMPSON JEN BOARD MEMBER 0.20 X 0 0 0 WIESE DAVID VICE CHAIR 0.50 X X 0 0 0 WREH-WILSON STEPHEN BOARD MEMBER 0.20 X 0 0 0 GUGIN JULIE PRESIDENT 40.00 X 173921 0 15263 173921 0 15263 1 0 1 0 TUNHEIM PARTNERS INC 8009 34TH AVE S STE 1100 MINNEAPOLIS MN 55425 CONSULTING 210250 1 2343654 1461283 3804937 TRAINING FEES 541900 63361 63361 LOAN REPAYMENT 624200 14669 14669 FEES FOR SERVICE 541900 10325 10325 FRAMEWORK HOMEOWNERSHI 541900 -1559431 -1559431 -1471076 214534 214534 6614417 6117431 496986 496986 496986 2441 2480 -39 -39 OTHER INCOME 900099 18900 18900 18900 3064242 -1452215 0 711520 X 5000 5000 189185 60539 111619 17027 698537 593127 105410 46025 38463 7562 42052 37696 4356 64464 51949 12097 418 30066 24746 5320 98371 73418 23716 1237 37800 37800 23796 23796 64456 64456 475295 372077 103200 18 93051 69051 22835 1165 7012 5071 1941 1500 1500 7492 2969 4523 60093 44850 14487 756 8587 6408 2070 109 DIRECT ASSISTANCE 1125813 1125813 HOME OWNERSHIP COUNSELI 999083 999083 DUES AND SUBSCRIPTIONS 10098 7536 2434 128 STAFF RECRUITING AND DE 6970 6441 529 4914 3344 1539 31 4099660 3527581 527394 44685 2360584 2485918 7121515 1133942 676850 667866 5484 3004 12942 42752 513326 339869 162650 173457 4095330 10228048 4374319 2814888 18809674 17549875 1088611 805003 1116395 1212972 19752 19752 2224758 2037727 X 16584916 14901315 0 610833 16584916 15512148 18809674 17549875 -1035418 -37350 0 X 0 1 X 1 1 1 X 2248941 1995403 1816017 5370155 3804937 15235453 2248941 1995403 1816017 5370155 3804937 15235453 1236678 13998775 2381 3396 145784 286444 214534 652539 15887992 13356952 0.88110 0.93720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 5000 1 37800 0 0 42800 0 PART II-B, LINE 1: IN 2021, THE ORGANIZATION PARTNERED WITH ANOTHER ORGANIZATION TO HIRE A LOBBYIST AND MET WITH LEGISLATORS TO INTRODUCE THEMSELVES AND THE PARTNERSHIP. THE ORGANIZATION BEGAN DRAFTING THEIR LOBBYING AGENDA FOR THE 2022 LEGISLATIVE SESSION AND CONTRIBUTED TO THE HOM COALITION, A CONSORTIUM OF NONPROFITS WHICH THEY ARE A MEMBER, AND ASSISTED HOM COALITION WITH THIER LOBBYING AGENDA. 0 1 X 112958 112958 0 101945 84279 17666 298423 142632 155791 173457 INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 2814888 C 2814888 X 3028486 -37350 63570 26220 3002266 64456 -2480 61976 3064242 4101254 63570 2480 66050 4035204 64456 64456 4099660 PART IV, LINE 2B: THE CENTER ENTERED INTO A FUNDS MANAGEMENT AGREEMENT WITH THE PLANNING GROUP REPRESENTING AFFORDABLE HOMES CONGRESS. THE CENTER MAINTAINED A CHECKING ACCOUNT, MAINTAINED ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE, AND RECONCILED BANK STATEMENTS MONTHLY. AT NO TIME WILL MINNESOTA HOME OWNERSHIP CENTER BE OBLIGATED TO ADVANCE OR PROVIDE FUNDS TO SUPPORT THE PLANNING GROUP. PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE CENTER HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,480. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,480. PART XII, LINE 4B: COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED IN INVENTORY SALES COST ON 990. PART XIII, LINE 2D: COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED AS INVENTORY SALES COST ON 990. X 1 AMPLIFY DMC LLC 1375 ST ANTHONY AVENUE SUITE 201 SAINT PAUL MN 55105 GENERAL FUNDRAISING 0 0 23796 0 23796 MN X X 0 0 0 0 0 0 0 0 0 GUGIN JULIE PRESIDENT 173921 0 0 0 0 0 12175 0 3088 0 189184 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT AT ALL TIMES TO THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS AUTHORIZED TO REVIEW AND RECOMMEND THE FORM 990 TO THE BOARD FOR APPROVAL. THE FORM IS SHARED WITH ALL BOARD MEMBERS VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE FIRST MEETING OF THE BOARD OF DIRECTORS, ALL BOARD MEMBERS AND EMPLOYEES COMPLETE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE OF BUSINESS AND FAMILY RELATIONSHIPS FORM. THE EXECUTIVE COMMITTEE REVIEWS ALL FORMS FOR POTENTIAL CONFLICTS OF INTEREST AND DETERMINES THE PROPER COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON THE ROLES AND RESPONSIBILITIES OF EACH POSITION IN COMPARISON TO SIMILAR POSITIONS IN THE ORGANIZATION'S SALARY STUDY. JOB DESCRIPTIONS ARE UPDATED ANNUALLY. THE EXECUTIVE COMMITTEE DETERMINES THE SALARY OF THE PRESIDENT. THE PRESIDENT DETERMINES THE SALARY OF ALL OTHER EMPLOYEES PER THE TERMS OF THE ORGANIZATION'S COMPENSATION POLICY. THE ORGANIZATION'S BENEFITS PACKAGE IS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BY-LAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST FORM, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE CONSIDERED PUBLIC DOCUMENTS. THE PRESIDENT MANAGES ALL REQUESTS FOR COPIES. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 372,077. MANAGEMENT AND GENERAL EXPENSES 103,200. FUNDRAISING EXPENSES 18. TOTAL EXPENSES 475,295.