2020-06-03T13:04:19-05:00 2019-12-31 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2019-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE ST PAUL MN 55130 JULIE GUGIN PRESIDENT 6516599336 2020-05-21 1 ASHLEY C REHN CPA P00965922 6514267000 2020-05-21 73.5.169.160 2020-05-21 09:02:46 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9805C17366ADDF9D220F78D476186276D426EE7 2019 2021-01-29 14:40:06Z JULIE GUGIN 1000 PAYNE AVENUE ST PAUL MN 55130 6424335 0 X WWW.HOCMN.ORG X 1993 MN HOME OWNERSHIP EDUCATION AND COUNSELING. 24 24 15 28 0 0 1995403 1816017 5041695 3809597 3396 155994 1038 12482 7041532 5794090 0 0 0 0 1068185 823339 0 17603 37668 1671110 1370237 2739295 2211179 4302237 3582911 13460886 16870602 1221704 920441 12239182 15950161 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 0 0 1823238 3822079 THE MINNESOTA HOME OWNERSHIP CENTER IS A NON-PROFIT INTERMEDIARY ORGANIZATION DEDICATED TO HELPING MINNESOTANS WITH LOW AND MODERATE INCOMES TO PURCHASE AND MAINTAIN HOMES. FUNDING ORGANIZATIONS INCLUDE FOUNDATIONS, REAL ESTATE AND MORTGAGE FINANCE INSTITUTIONS, GOVERNMENT AGENCIES AND OTHER INDUSTRY STAKEHOLDERS DEDICATED TO INCREASING ACCESS AND OPPORTUNITY TO AFFORDABLE AND SUSTAINABLE HOME OWNERSHIP. AS AN INTERMEDIARY, THE CENTER PROVIDES TRAINING AND CERTIFICATION, CURRICULUM AND SUPPORT PRODUCTS, TECHNICAL ASSISTANCE, DATA COLLECTION TOOLS, FUNDING AND OVERSIGHT FOR A NETWORK OF MORE THAN 40 COMMUNITY-BASED ORGANIZATIONS SERVING RESIDENTS OF MINNESOTA. THESE SERVICE DELIVERY PARTNERS PROVIDE COMPREHENSIVE HOMEOWNERS EDUCATION AND COUNSELING TO PROSPECTIVE AND EXISTING HOMEOWNERS WITH LOW AND MODERATE INCOMES. TARGET POPULATIONS INCLUDED PEOPLE OF COLOR, IMMIGRANTS, AND OTHERS WHO HAVE TRADITIONALLY HAD DIFFICULTY PURCHASING AND MAINTAINING HOMES. 1823238 1 1 0 0 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 10 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 1 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 ALESHIRE JILL BOARD MEMBER 0.20 X 0 0 0 BIPES ROBYN PRESIDENT 0.50 X X 0 0 0 BERGER CHRISTINE BOARD MEMBER 0.20 X 0 0 0 BRENNAN ANDREA BOARD MEMBER 0.20 X 0 0 0 BRUIN MARILYN BOARD MEMBER 0.20 X 0 0 0 DICKEY ROSEY SECRETARY 0.50 X X 0 0 0 ERCHUL JIM BOARD MEMBER 0.20 X 0 0 0 FLANNERY DEBORAH 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 KRAFT SARAH BOARD MEMBER 0.20 X 0 0 0 LINDSTROM DAVID TREASURER 0.50 X X 0 0 0 MOORE FATIMA BOARD MEMBER 0.20 X 0 0 0 NIX NOEL BOARD MEMBER 0.20 X 0 0 0 RAUSCH ELA BOARD MEMBER 0.20 X 0 0 0 RAVERTY KEENAN BOARD MEMBER 0.20 X 0 0 0 TENG ROSE BOARD MEMBER 0.20 X 0 0 0 THOMPSON JEN BOARD MEMBER 0.20 X 0 0 0 VERGIN STEPHANIE BOARD MEMBER 0.20 X 0 0 0 VOJACEK MICHELLE BOARD MEMBER 0.20 X 0 0 0 WIESE DAVID VICE PRESIDENT 0.50 X X 0 0 0 JACKSON PORTIA BOARD MEMBER 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 KIMBALL ROXANNE BOARD MEMBER 0.20 X 0 0 0 MCDONALD DARCY BOARD MEMBER 0.20 X 0 0 0 GUGIN JULIE PRESIDENT 40.00 X 142923 0 12335 142923 0 12335 1 0 1 0 0 1202684 613333 1816017 FRAMEWORK HOMEOWNERSHI 541900 3743636 3743636 LOAN REPAYMENT 624200 30749 30749 TRAINING FEES 541900 24278 24278 FEES FOR SERVICE 541900 10934 10934 3809597 145784 145784 720 9780 0 0 720 9780 10500 10500 619670 609460 10210 10210 10210 22767 20785 1982 1982 5794090 3822079 0 155994 155258 31052 110110 14096 534548 435780 98768 46062 31078 13976 1008 36071 32857 2998 216 51400 40771 10051 578 14099 7790 6309 69957 47447 21077 1433 17603 17603 126366 96861 28913 592 37249 24136 12385 728 744 744 9820 6850 2790 180 28490 19132 9302 56 37732 25591 11368 773 7366 7366 HOME OWNERSHIP COUNSELI 1002864 1001942 922 DUES AND SUBSCRIPTIONS 19620 13305 5910 405 STAFF RECRUITING AND DE 8354 3542 4812 7576 5104 2472 2211179 1823238 350273 37668 783384 635171 6378446 7112051 1083015 926946 22993 8637 3747 4916 350471 248659 132342 101812 3780474 5056959 4300595 13460886 16870602 1201952 900689 19752 19752 1221704 920441 X 12236984 15755161 2198 195000 12239182 15950161 13460886 16870602 3582911 151185 -23117 0 X 0 1 X 1 0 X 2073571 1800526 2248941 1995403 1816017 9934458 2073571 1800526 2248941 1995403 1816017 9934458 950470 8983988 2134 2207 2381 3396 145784 155902 10090360 14932897 0.89040 0.93290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 111339 111339 0 90740 68367 22373 148392 68953 79439 101812 INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 4300595 C 4300595 X 6006587 151185 63644 214829 5791758 23117 -20785 2332 5794090 2295608 63644 20785 84429 2211179 0 2211179 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 -20,785. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,785. 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. PARTS XI & XII: THE CENTER IMPLEMENTED THE PROVISIONS OF ACCOUNTING STANDARDS UPDATE (ASU) 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606) AND 2018-08, CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. THE INTENT OF THE NEW STANDARDS IS TO IMPROVE THE USEFULNESS AND UNDERSTANDABILITY OF THE CENTER'S FINANCIAL STATEMENTS. ASU 2014-09 PROVIDES NEW REVENUE RECOGNITION STANDARDS, ELIMINATING THE TRANSACTION- AND INDUSTRY-SPECIFIC REVENUE RECOGNITION GUIDANCE AND REPLACES IT WITH A PRINCIPLE-BASED APPROACH FOR DETERMINING REVENUE RECOGNITION. ASU 2018-08 CLARIFIES AND IMPROVES EXISTING GUIDANCE RELATED TO CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. ANALYSIS OF VARIOUS PROVISIONS OF THESE STANDARDS RESULTED IN NO SIGNIFICANT CHANGES IN THE WAY THE CENTER RECOGNIZED REVENUE, AND THEREFORE NO CHANGES TO 2018 FORM 990 WERE REQUIRED ON A RETROSPECTIVE BASIS. 0 AMPLIFYDMC LLC 1375 ST ANTHONY AVE 201 ST PAUL MN 55104 GRANT WRITING 0 0 17603 -17603 17603 -17603 MN X X 0 0 0 0 0 0 0 0 0 GUGIN JULIE PRESIDENT 142923 0 0 0 0 0 10005 0 2330 0 155258 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 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 A, LINE 4 THE BY-LAWS WERE REVISED TO CLARIFY THE TITLE OF THE CHIEF OPERATING OFFICER OF THE ORGANIZATION, AND ESTABLISH AND CLARIFY THE ROLE OF CHAIR, BOARD OF DIRECTORS AND VICE CHAIR. 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.