2013-07-02T09:09:39-05:00 2012-12-31 410975573 HLB TAUTGES REDPATH LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2012-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 JULIE GUGIN 6516599336 2013-05-30 1 THOMAS W HODNEFIELD CPA P00185415 6514267000 2013-05-30 2012 2016-02-24 21:20:13Z JULIE GUGIN 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 2092391 0 X WWW.HOCMN.ORG X 1993 MN HOME OWNERSHIP EDUCATION AND COUNSELING 21 21 8 24 0 0 3030882 2006741 46672 49126 7460 4872 -2868 3382 3082146 2064121 0 0 0 0 539112 572544 7575 23366 60402 2232320 1515692 2779007 2111602 303139 -47481 3127690 3283687 552279 620171 2575411 2663516 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 1 0 1883324 52508 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 50 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. 1883324 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 21 21 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 NO 200 ST PAUL MN 55130 ALESHIRE JILL 0.20 X 0 0 0 BIPES ROBYN 0.20 X 0 0 0 BRUIN MARILYN 0.50 X 0 0 0 COLLINS JOE 0.20 X 0 0 0 DANNEN DARIELLE 0.40 X 0 0 0 EIDE DAVID 0.40 X X 0 0 0 ERCHUL JIM 0.50 X 0 0 0 FULTON TOM 0.50 X 0 0 0 GABLER MUFFIE 0.30 X 0 0 0 GAJESKI KAREN 0.50 X 0 0 0 GALLER CHRIS 0.20 X 0 0 0 HALEY MIKE 0.60 X X 0 0 0 LINDSTROM DAVID 0.50 X X 0 0 0 KING JACQUELINE 0.20 X 0 0 0 MEKHA REPA 0.30 X 0 0 0 OMERSA VERGIN STEPHANIE 0.40 X 0 0 0 PETERSON ROBIN 0.20 X 0 0 0 PORTE ELFRIC 0.30 X 0 0 0 SARVELA BILL 0.50 X 0 0 0 SCHLAK ANDY 0.50 X 0 0 0 SHIPLEY VICKI 0.50 X X 0 0 0 SHOQUIST CHERIE 0.50 X 0 0 0 THOMPSON MARY 0.40 X 0 0 0 WIESE DAVID 0.50 X 0 0 0 GUGIN JULIE 40.00 X 108350 0 9684 108350 0 9684 1 0 0 0 COMMUNITY ACTION PARTNERSHIP OF SUBURBAN 33 TENTH AVE S HOPKINS MN 55343 COUNSELING SERVICES 247505 TWIN CITIES HABITAT FOR HUMANITY INC 3001 4TH ST SE MINNEAPOLIS MN 55414 COUNSELING SERVICES 169614 NEDA 481 S WABASHA STREET ST PAUL MN 55107 COUNSELING SERVICES 120601 3 1268701 738040 5355 2006741 TRAINING FEES 541900 43126 43126 LOAN REPAYMENT 624200 6000 6000 49126 4872 4872 31652 28270 3382 3382 2064121 52508 0 4872 118034 37771 53115 27148 343266 309628 31658 1980 30987 23785 5315 1887 40777 33312 7000 465 39480 31917 6013 1550 73121 71621 1500 35370 35370 23366 23366 188197 186481 1716 39716 37260 1363 1093 2112 1918 194 7547 4875 1944 728 34181 29205 4519 457 136 136 213 213 11625 11625 6356 6356 HOME OWNERSHIP COUNSELI 1052396 1052396 FORECLOSURE PREVENTION 52316 52316 12406 10703 1691 12 2111602 1883324 167876 60402 77746 262111 2323057 2257896 402742 420375 187643 0 18605 16689 3119 13396 141646 92630 114078 49016 263504 700 700 3127690 3283687 533115 604648 13655 13637 5509 1886 552279 620171 X 1709962 2134227 865449 529289 2575411 2663516 3127690 3283687 X -47481 135586 X 0 1 X 1 0 X 3192258 2820362 2600936 3030882 2006741 13651179 3192258 2820362 2600936 3030882 2006741 13651179 1320804 12330375 23295 10261 11398 7460 4872 57286 13708465 369650 0.89950 0.88490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12436 12436 0 102606 80194 22412 26604 26604 49016 INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 263504 C 263504 X 2287171 59194 59194 2227977 -163856 -163856 2064121 2199066 59194 28270 87464 2111602 0 2111602 PART IV, LINE 2B: THE CENTER ENTERED INTO A FUNDS MANAGEMENT AGREEMENT WITH THE PLANNING GROUP REPRESENTING AFFORDABLE HOMES CONGRESS. THE CENTER ESTABLISHED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 SCHOOL 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 -28,270. GAIN ON INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC -135,586. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 28,270. 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 X X X 1 DEVEREUX DEVELOPMENT COMPANY 2105 BRYANT AVE S MINNEAPOLIS MN 55406 FUNDRAISING 0 0 18400 -18400 18400 -18400 MN NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2012, THE CENTER ENTERED INTO A JOINT VENTURE AGREEMENT WITH THE HOUSING PARTNERSHIP NETWORK, A BOSTON NON-PROFIT. THE FRAMEWORK HOMEOWNERSHIP LLC IS RESPONSIBLE FOR THE CREATION, MAINTENANCE, AND DISTRIBUTION OF FRAMEWORK HOMEOWNERSHIP, A WEB BASED HOMEBUYER EDUCATION COURSE. FORM 990, PART VI, SECTION A, LINE 4 CHANGED BYLAWS: INSTITUTED TERM LIMITS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: GAIN ON INVESTMENT IN JOINT VENTURE - FRAMEWORK HOMEOWNERSHIP, LLC 135,586.