2015-06-22T15:18:02-05:00 2014-12-31 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2014-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 JULIE GUGIN EXECUTIVE DIRECTOR 6516599336 2015-06-10 1 ASHLEY C REHN CPA P00965922 6514267000 2015-06-10 2014 2016-03-07 17:11:31Z JULIE GUGIN 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 2211397 0 X WWW.HOCMN.ORG X 1993 MN HOME OWNERSHIP EDUCATION AND COUNSELING 22 22 10 20 0 0 2089823 1853376 423375 332722 3645 2576 -70462 -17497 2446381 2171177 104000 6000 0 0 592330 683275 24055 6145 40091 1250288 1680795 1970673 2376215 475708 -205038 3654956 3522880 516131 590575 3138825 2932305 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 0 0 2169641 6000 315225 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 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. 2169641 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 22 22 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 NO 200 ST PAUL MN 55130 ALESHIRE JILL BOARD MEMBER 0.50 X X 0 0 0 BIPES ROBYN BOARD MEMBER 0.20 X 0 0 0 BERGER CHRISTINE BOARD MEMBER 0.20 X 0 0 0 BRUIN MARILYN BOARD MEMBER 0.20 X 0 0 0 COLLINS JOE BOARD MEMBER 0.20 X 0 0 0 DANNEN DARIELLE BOARD MEMBER 0.20 X 0 0 0 ERCHUL JIM BOARD MEMBER 0.20 X 0 0 0 FULTON TOM 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 HALEY MIKE PRESIDENT 0.60 X X 0 0 0 LINDSTROM DAVID TREASURER 0.50 X X 0 0 0 KING JACQUELINE BOARD MEMBER 0.20 X 0 0 0 OMERSA VERGIN STEPHANIE BOARD MEMBER 0.50 X 0 0 0 PETERSON ROBIN BOARD MEMBER 0.20 X 0 0 0 POSTHUMUS HEATHER BOARD MEMBER 0.50 X 0 0 0 SARVELA BILL BOARD MEMBER 0.50 X 0 0 0 SHIPLEY VICKI VICE PRESIDENT 0.50 X X 0 0 0 SHOQUIST CHERIE BOARD MEMBER 0.20 X 0 0 0 WIESE DAVID BOARD MEMBER 0.20 X 0 0 0 KASEY KIER BOARD MEMBER 0.20 X 0 0 0 NOEL NIX BOARD MEMBER 0.20 X 0 0 0 GUGIN JULIE EXECUTIVE DIRECTOR 40.00 X 111939 0 9776 111939 0 9776 1 0 0 0 TWIN CITIES HABITAT FOR HUMANITY INC 3001 4TH ST SE MINNEAPOLIS MN 55414 COUNSELING SERVICES 229211 COMMUNITY ACTION PARTNERSHIP OF SUBURBAN 33 TENTH AVE S HOPKINS MN 55343 COUNSELING SERVICES 150765 NEDA 481 S WABASHA STREET ST PAUL MN 55107 COUNSELING SERVICES 120404 3 1399582 453794 1853376 FEES FOR SERVICE 541900 302265 302265 TRAINING FEES & MISC 541900 27828 27828 LOAN REPAYMENT 624200 2629 2629 332722 2576 2576 22723 40220 -17497 -17497 2171177 315225 0 2576 6000 6000 121715 28725 73540 19450 451975 429861 21398 716 36848 29014 6396 1438 22086 18272 3212 602 50651 42290 7051 1310 24346 23647 699 44334 22965 20347 1022 6145 6145 107553 102572 4936 45 44735 33070 4542 7123 7552 5964 149 1439 18792 18579 175 38 22157 18345 3492 320 17506 17506 6528 5213 1083 232 HOME OWNERSHIP COUNSELI 1312582 1312582 FORECLOSURE PREVENTION 50461 50461 DUES AND SUBSCRIPTIONS 5618 5459 112 47 18631 16622 1845 164 2376215 2169641 166483 40091 188639 122435 2856507 2664159 277947 408086 14719 15143 4041 3057 5051 135657 93591 49858 42066 263105 261623 700 700 3654956 3522880 453486 535171 38275 30532 24370 24872 516131 590575 X 2612305 2662274 526520 270031 3138825 2932305 3654956 3522880 X -205038 -1482 X 0 1 X 1 1 1 X 2600936 3030882 2006741 2089823 1853376 11581758 2600936 3030882 2006741 2089823 1853376 11581758 1161064 10420694 11398 7460 4872 3645 2576 29951 11611709 1040263 0.89740 0.89670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 4000 0 0 4000 0 PART II-B, LINE 1: LOBBYISTS HAD CONVERSATIONS WITH ELECTED OFFICIALS AND MONITORED LEGISLATIVE ACTIVITY. 0 1 X 12436 12436 0 85556 69228 16328 37665 11927 25738 42066 INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 261623 C 261623 X 2273929 64014 64014 2209915 -38738 -38738 2171177 2480449 64014 40220 104234 2376215 0 2376215 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 -40,220. GAIN ON INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 1,482. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 40,220. 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. 1 FRAMEWORK HOMEOWNERSHIP LLC ONE WASHINGTON MALL BOSTON MA 02108 460888356 6000 HOMEOWNERSHIP EDUCATION 1 PART I, LINE 2: GRANTEE AND AWARD AMOUNT WAS DETERMINED BASED ON SUPPORTING FINANCIAL AND OTHER INFORMATION FROM GRANTEE AND ALIGNMENT WITH THE HOMEOWNERSHIP CENTER'S MISSION. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE 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 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 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 19 THE 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. FORM 990, PART XI, LINE 9: LOSS ON INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC -1,482.