MINNESOTA HOME OWNERSHIP CENTER: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MINNESOTA HOME OWNERSHIP CENTER (EIN 41-1741817)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-06-06
IRS object ID
201621589349300507
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-06-06T10:19:14-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410975573PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REDPATH AND COMPANY LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14810 WHITE BEAR PARKWAYAddressLine1Txt
CityWHITE BEAR LAKECityNm
State AbbreviationMNStateAbbreviationCd
ZIP55110ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411741817EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINNESOTA HOME OWNERSHIP CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone6516599336PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 PAYNE AVENUE NO 200AddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55130ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE GUGINPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6516599336PhoneNum
Signature2016-05-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHLEY C REHN CPAPreparerPersonNm
PTINP00965922PTIN
Phone6514267000PhoneNum
Preparation2016-05-19PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIE GUGINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 PAYNE AVENUE NO 200AddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55130ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,721,309GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOCMN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionHOME OWNERSHIP EDUCATION AND COUNSELINGActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee11TotalEmployeeCnt
Total Volunteers23TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,853,376PYContributionsGrantsAmt
CY Contributions Grants$2,073,571CYContributionsGrantsAmt
PY Program Service Revenue$332,722PYProgramServiceRevenueAmt
CY Program Service Revenue$613,661CYProgramServiceRevenueAmt
PY Investment Income$2,576PYInvestmentIncomeAmt
CY Investment Income$2,134CYInvestmentIncomeAmt
PY Other Revenue-$17,497PYOtherRevenueAmt
CY Other Revenue-$1,798CYOtherRevenueAmt
PY Total Revenue$2,171,177PYTotalRevenueAmt
CY Total Revenue$2,687,568CYTotalRevenueAmt
PY Grants And Similar Paid$6,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$683,275PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$684,884CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$6,145PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$3,548CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$19,374CYTotalFundraisingExpenseAmt
PY Other Expenses$1,680,795PYOtherExpensesAmt
CY Other Expenses$1,521,290CYOtherExpensesAmt
PY Total Expenses$2,376,215PYTotalExpensesAmt
CY Total Expenses$2,209,722CYTotalExpensesAmt
PY Revenues Less Expenses-$205,038PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$477,846CYRevenuesLessExpensesAmt
Total Assets BOY$3,522,880TotalAssetsBOYAmt
Total Assets EOY$3,920,825TotalAssetsEOYAmt
Total Liabilities BOY$590,575TotalLiabilitiesBOYAmt
Total Liabilities EOY$510,674TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,932,305NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,410,151NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,081,413ExpenseAmt
Revenue$611,863RevenueAmt
DescTHE 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 HOMEOWNER EDUCATION AND COUNSELING TO PROSPECTIVE AND EXISTING HOMEOWNERS WITH LOW AND MODERATE INCOMES. TARGET POPULATIONS INCLUDE PEOPLE OF COLOR, IMMIGRANTS, AND OTHERS WHO HAVE TRADITIONALLY HAD DIFFICULTY PURCHASING AND MAINTAINING HOMES, SUCH AS PEOPLE WITH DISABILITIES AND SINGLE FEMALE-HEADED HOUSEHOLDS.Desc
Total Program Service Expenses$2,081,413TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee11EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6516599336PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 PAYNE AVENUE NO 200AddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55130ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALESHIRE JILL
SECRETARY0.50Yes (X)Yes (X)$0$0$0
BIPES ROBYN
VICE PRESIDENT0.50Yes (X)Yes (X)$0$0$0
BERGER CHRISTINE
BOARD MEMBER0.20Yes (X)$0$0$0
BRUIN MARILYN
BOARD MEMBER0.20Yes (X)$0$0$0
COLLINS JOE
BOARD MEMBER0.20Yes (X)$0$0$0
DANNEN DARIELLE
BOARD MEMBER0.20Yes (X)$0$0$0
DICKEY ROSIE
BOARD MEMBER0.20Yes (X)$0$0$0
ERCHUL JIM
BOARD MEMBER0.20Yes (X)$0$0$0
FULTON TOM
BOARD MEMBER0.20Yes (X)$0$0$0
GAJESKI KAREN
BOARD MEMBER0.20Yes (X)$0$0$0
HAPPE MIKE
BOARD MEMBER0.20Yes (X)$0$0$0
HALEY MIKE
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
KIER KASEY
BOARD MEMBER0.20Yes (X)$0$0$0
KING JACQUELINE
BOARD MEMBER0.20Yes (X)$0$0$0
LINDSTROM DAVID
TREASURER0.50Yes (X)Yes (X)$0$0$0
NIX NOEL
BOARD MEMBER0.20Yes (X)$0$0$0
OMERSA VERGIN STEPHANIE
BOARD MEMBER0.50Yes (X)$0$0$0
PETERSON ROBIN
BOARD MEMBER0.20Yes (X)$0$0$0
POSTHUMUS HEATHER
BOARD MEMBER0.50Yes (X)$0$0$0
RAVERTY KEENAN
BOARD MEMBER0.20Yes (X)$0$0$0
SARVELA BILL
BOARD MEMBER0.50Yes (X)$0$0$0
SHIPLEY VICKI
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
SHOQUIST CHERIE
BOARD MEMBER0.20Yes (X)$0$0$0
STRICKLAND OSBORNE
BOARD MEMBER0.20Yes (X)$0$0$0
WIESE DAVID
BOARD MEMBER0.20Yes (X)$0$0$0
GUGIN JULIE
EXECUTIVE DIRECTOR40.00Yes (X)$113,789$0$9,929
FieldValueIRS element (for citing)
Total Reportable Comp From Org$113,789TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$9,929TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
COMMUNITY ACTION PARTNERSHIP OF SUBURBAN
33 TENTH AVE SHOPKINSMN55343COUNSELING SERVICES$150,193
TWIN CITIES HABITAT FOR HUMANITY INC
3001 4TH ST SEMINNEAPOLISMN55414COUNSELING SERVICES$125,116
NEDA
481 S WABASHA STREETST PAULMN55107COUNSELING SERVICES$112,463
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Government Grants$1,323,578GovernmentGrantsAmt
All Other Contributions$749,993AllOtherContributionsAmt
Total Contributions$2,073,571TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FEES FOR SERVICE541900$309,576$309,576
FRAMEWORK HOMEOWNERSHI541900$266,661$266,661
TRAINING FEES & MISC541900$25,874$25,874
LOAN REPAYMENT624200$11,550$11,550
FieldValueIRS element (for citing)
Total Program Service Revenue$613,661TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,134TotalRevenueColumnAmt
Exclusion$2,134ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$31,943GrossSalesOfInventoryAmt
Cost Of Goods Sold$33,741CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,798TotalRevenueColumnAmt
Related Or Exempt Func Income-$1,798RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,687,568TotalRevenueColumnAmt
Related Or Exempt Func Income$611,863RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,134ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$123,717TotalAmt
Program Services$45,775ProgramServicesAmt
Management And General$66,807ManagementAndGeneralAmt
Fundraising$11,135FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$459,451TotalAmt
Program Services$443,037ProgramServicesAmt
Management And General$16,130ManagementAndGeneralAmt
Fundraising$284FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$28,767TotalAmt
Program Services$27,337ProgramServicesAmt
Management And General$1,412ManagementAndGeneralAmt
Fundraising$18FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$21,611TotalAmt
Program Services$19,042ProgramServicesAmt
Management And General$2,316ManagementAndGeneralAmt
Fundraising$253FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$51,338TotalAmt
Program Services$44,921ProgramServicesAmt
Management And General$5,768ManagementAndGeneralAmt
Fundraising$649FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$16,699TotalAmt
Program Services$16,669ProgramServicesAmt
Management And General$26ManagementAndGeneralAmt
Fundraising$4FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,081TotalAmt
Program Services$32,148ProgramServicesAmt
Management And General$5,217ManagementAndGeneralAmt
Fundraising$716FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$3,548TotalAmt
Fundraising$3,548FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$87,767TotalAmt
Program Services$85,709ProgramServicesAmt
Management And General$2,029ManagementAndGeneralAmt
Fundraising$29FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$47,152TotalAmt
Program Services$43,969ProgramServicesAmt
Management And General$2,799ManagementAndGeneralAmt
Fundraising$384FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,645TotalAmt
Program Services$5,240ProgramServicesAmt
Management And General$63ManagementAndGeneralAmt
Fundraising$1,342FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,276TotalAmt
Program Services$220ProgramServicesAmt
Management And General$1,056ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$29,341TotalAmt
Program Services$28,328ProgramServicesAmt
Management And General$641ManagementAndGeneralAmt
Fundraising$372FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,236TotalAmt
Program Services$14,551ProgramServicesAmt
Management And General$2,361ManagementAndGeneralAmt
Fundraising$324FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,596TotalAmt
Program Services$5,568ProgramServicesAmt
Management And General$904ManagementAndGeneralAmt
Fundraising$124FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
HOME OWNERSHIP COUNSELI$1,220,215$1,220,215
FORECLOSURE PREVENTION$29,440$29,440
DUES AND SUBSCRIPTIONS$10,575$9,478$965$132

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,267TotalAmt
Program Services$9,766ProgramServicesAmt
Management And General$441ManagementAndGeneralAmt
Fundraising$60FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,209,722TotalAmt
Program Services$2,081,413ProgramServicesAmt
Management And General$108,935ManagementAndGeneralAmt
Fundraising$19,374FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$122,435BOYAmt
EOY$131,107EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,664,159BOYAmt
EOY$2,761,264EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$408,086BOYAmt
EOY$462,036EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,719BOYAmt
EOY$2,957EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$4,041BOYAmt
EOY$9,647EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,051BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$135,657LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$110,827LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$42,066BOYAmt
EOY$24,830EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$261,623BOYAmt
EOY$528,284EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$700BOYAmt
EOY$700EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,522,880BOYAmt
EOY$3,920,825EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$535,171BOYAmt
EOY$485,862EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$30,532BOYAmt
EOY$0EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$24,872BOYAmt
EOY$24,812EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$590,575BOYAmt
EOY$510,674EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,662,274BOYAmt
EOY$3,285,151EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$270,031BOYAmt
EOY$125,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,932,305BOYAmt
EOY$3,410,151EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,522,880BOYAmt
EOY$3,920,825EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$477,846ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,030,882CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,006,741CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,089,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,853,376CurrentTaxYearMinus1YearAmt
Current Tax Year$2,073,571CurrentTaxYearAmt
Total$11,054,393TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,030,882CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,006,741CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,089,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,853,376CurrentTaxYearMinus1YearAmt
Current Tax Year$2,073,571CurrentTaxYearAmt
Total$11,054,393TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,554,488SubstantialContributorsTotAmt
Public Support Total170$9,499,905PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,460CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,872CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,645CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,576CurrentTaxYearMinus1YearAmt
Current Tax Year$2,134CurrentTaxYearAmt
Total$20,687TotalAmt
FieldValueIRS element (for citing)
Total Support$11,075,080TotalSupportAmt
Gross Receipts Rltd Activities$1,603,858GrossReceiptsRltdActivitiesAmt
Public Support CY1700.85780PublicSupportCY170Pct
Public Support PY1700.89740PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$24,000DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$24,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationLOBBYISTS HAD CONVERSATIONS WITH ELECTED OFFICIALS AND MONITORED LEGISLATIVE ACTIVITY.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,436OtherCostOrOtherBasisAmt
Depreciation$12,436DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$85,556OtherCostOrOtherBasisAmt
Depreciation$78,931DepreciationAmt
Book Value$6,625BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$37,665OtherCostOrOtherBasisAmt
Depreciation$19,460DepreciationAmt
Book Value$18,205BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$24,830TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescINVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLCDesc
Book Value$528,284BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$528,284TotalBookValueProgramRltdAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,785,323TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$64,014DonatedServicesAndUseFcltsAmt
Revenue Not Reported$64,014RevenueNotReportedAmt
Revenue Subtotal$2,721,309RevenueSubtotalAmt
Other Revenues Not Included-$33,741OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$33,741RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,687,568TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,307,477TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$64,014DonatedServicesUseFcltsAmt
Other Expenses Included$33,741OtherExpensesIncludedAmt
Expenses Not Reported$97,755ExpensesNotReportedAmt
Expenses Subtotal$2,209,722ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,209,722TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 -33,741.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 33,741.
PART XII, LINE 4BCOST 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE EXECUTIVE COMMITTEE IS AUTHORIZED TO REVIEW AND APPROVE THE FORM 990. THE FORM IS SHARED WITH ALL BOARD MEMBERS VIA EMAIL.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY, 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 15COMPENSATION IS DETERMINED BASED ON THE ROLES AND RESPONSIBILITIES ASSOCIATED WITH EACH POSITION USING THE LATEST AVAILABLE EDITION OF THE MINNESOTA NONPROFIT SALARY AND BENEFITS SURVEY AS A GUIDE. JOB DESCRIPTIONS ARE UPDATED ANNUALLY. THE EXECUTIVE COMMITTEE DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR DETERMINES THE SALARY OF ALL OTHER EMPLOYEES. THE ORGANIZATION'S BENEFITS PACKAGE IS DETERMINED BY THE EXECUTIVE COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S BY-LAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST FORM, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE CONSIDERED PUBLIC DOCUMENTS. THE ADMINISTRATIVE ASSISTANT, IN CONJUNCTION WITH THE EXECUTIVE DIRECTOR, MANAGES ALL REQUESTS FOR COPIES.

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