MINNESOTA HOME OWNERSHIP CENTER: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MINNESOTA HOME OWNERSHIP CENTER (EIN 41-1741817)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-07
- IRS object ID
- 201201599349300215
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-07T12:59:06-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410975573 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HLB TAUTGES REDPATH LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4810 WHITE BEAR PARKWAY | AddressLine1 |
| City | WHITE BEAR LAKE | City |
| State | MN | State |
| ZIP Code | 55110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411741817 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA HOME OWNERSHIP CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MINN | NameControl |
| Phone | 6516599336 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE NO 200 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55130 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIE GUGIN | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6516599336 | Phone |
| Date Signed | 2012-06-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS W HODNEFIELD CPA | Name |
| PTIN | P00185415 | PTIN |
| Phone | 6514267000 | Phone |
| Date Prepared | 2012-06-04 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JULIE GUGIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE NO 200 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55130 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3116292 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.HOCMN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | THE MINNESOTA HOME OWNERSHIP CENTER IS A NON-PROFIT INTERMEDIARY DEDICATED TO HELPING MINNESOTANS WITH LOW AND MODERATE INCOMES TO PURCHASE AND MAINTAIN HOMES. THE CENTER PROVIDES TRAINING, CERTIFICATION, CURRICULUM AND SUPPORT PRODUCTS, TECHNICAL ASSISTANCE, DATA COLLECTION TOOLS, FUNDING AND OVERSIGHT FOR A NETWORK OF MORE THAN 50 ORGANIZATIONS SERVING RESIDENTS OF MINNESOTA. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 8 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2600936 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3030882 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 53823 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46672 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7478 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7460 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2443 | OtherRevenuePriorYear |
| Other Revenue Current Year | -2868 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2664680 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3082146 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 574857 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 539112 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 10738 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 7575 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 35607 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1964700 | OtherExpensePriorYear |
| Other Expenses Current Year | 2232320 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2550295 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2779007 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 114385 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 303139 | RevenuesLessExpensesCY |
| Total Assets BOY | 2898109 | TotalAssetsBOY |
| Total Assets EOY | 3127690 | TotalAssetsEOY |
| Total Liabilities BOY | 679829 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 552279 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2218280 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2575411 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2602989 | Expense |
| Revenue | 43804 | Revenue |
| Description | SEE SCHEDULE O | Description |
| Total Program Service Expense | 2602989 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 8 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6516599336 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE NO 200 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55130 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ALESHIRE JILL | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| BOARDMAN JERRY | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| BRUIN MARILYN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| COLLINS JOE | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| DANNEN DARIELLE | ||||||
| BOARD MEMBER | 0.40 | X | 0 | 0 | 0 | |
| EIDE DAVID | ||||||
| SECRETARY | 0.40 | X | 0 | 0 | 0 | X |
| ERCHUL JIM | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| GABLER MUFFIE | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| GAJESKI KAREN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| GALLER CHRIS | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| HALEY MIKE | ||||||
| PRESIDENT | 0.60 | X | 0 | 0 | 0 | X |
| LINDSTROM DAVID | ||||||
| TREASURER | 0.50 | X | 0 | 0 | 0 | X |
| KING JACQUELINE | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| MEKHA REPA | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| OMERSA VERGIN STEPHANIE | ||||||
| BOARD MEMBER | 0.40 | X | 0 | 0 | 0 | |
| PETERSON ROBIN | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| PORTE ELFRIC | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| ROTH JIM | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| SAAVEDRA JORGE | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| SARVELA BILL | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| SHIPLEY VICKI | ||||||
| VICE PRESIDENT | 0.50 | X | 0 | 0 | 0 | X |
| SIPE TODD | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| THOMPSON MARY | ||||||
| BOARD MEMBER | 0.40 | X | 0 | 0 | 0 | |
| TRAHAN JOAN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| VIANA NICOLA | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| YOST LOWELL | ||||||
| BOARD MEMBER | 0.20 | X | 0 | 0 | 0 | |
| GUGIN JULIE | ||||||
| EXECUTIVE DIRECTOR | 40.00 | 101822 | 0 | 9540 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 101822 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9540 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LSS FINANCIAL COUNSELING | |||||
| 424 W SUPERIOR ST 600 | DULUTH | MN | 55802 | COUNSELING SERVICES | 318343 |
| TWIN CITIES HABITAT FOR HUMANITY INC | |||||
| 3001 4TH ST SE | MINNEAPOLIS | MN | 55414 | COUNSELING SERVICES | 266242 |
| COMMUNITY ACTION PARTNERSHIP OF SUBURBAN | |||||
| 33 TENTH AVE S | HOPKINS | MN | 55343 | COUNSELING SERVICES | 233293 |
| CARVER COUNTY HRA | |||||
| 705 N WALNUT ST | CHASKA | MN | 55318 | COUNSELING SERVICES | 140160 |
| NEDA | |||||
| 481 S WABASHA STREET | ST PAUL | MN | 55107 | COUNSELING SERVICES | 128699 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 1804997 | GovernmentGrants |
| All Other Contributions | 1225885 | AllOtherContributions |
| Total Contributions | 3030882 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TRAINING FEES | 541900 | 30486 | 30486 |
| LOAN REPAYMENT | 624200 | 16186 | 16186 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 46672 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7460 | TotalRevenueColumn |
| Exclusion | $7,460 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 31278 | GrossSalesOfInventory |
| Cost Of Goods Sold | 34146 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2868 | TotalRevenueColumn |
| Related Or Exempt Function Income | -2868 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3082146 | TotalRevenueColumn |
| Related Or Exempt Function Income | 43804 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $7,460 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111417 | Total |
| Program Services | 37004 | ProgramServices |
| Management And General | 50138 | ManagementAndGeneral |
| Fundraising | 24275 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 334998 | Total |
| Program Services | 310392 | ProgramServices |
| Management And General | 24606 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22897 | Total |
| Program Services | 21229 | ProgramServices |
| Management And General | 1668 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34600 | Total |
| Program Services | 30379 | ProgramServices |
| Management And General | 4221 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35200 | Total |
| Program Services | 28738 | ProgramServices |
| Management And General | 5315 | ManagementAndGeneral |
| Fundraising | 1147 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23599 | Total |
| Program Services | 22645 | ProgramServices |
| Management And General | 954 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29428 | Total |
| Program Services | 11221 | ProgramServices |
| Management And General | 17514 | ManagementAndGeneral |
| Fundraising | 693 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7575 | Total |
| Fundraising | 7575 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98303 | Total |
| Program Services | 92681 | ProgramServices |
| Management And General | 5175 | ManagementAndGeneral |
| Fundraising | 447 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40822 | Total |
| Program Services | 33628 | ProgramServices |
| Management And General | 6041 | ManagementAndGeneral |
| Fundraising | 1153 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1533 | Total |
| Program Services | 1479 | ProgramServices |
| Management And General | 54 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9127 | Total |
| Program Services | 8911 | ProgramServices |
| Management And General | 164 | ManagementAndGeneral |
| Fundraising | 52 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16413 | Total |
| Program Services | 13044 | ProgramServices |
| Management And General | 3105 | ManagementAndGeneral |
| Fundraising | 264 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 406 | Total |
| Management And General | 406 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13471 | Total |
| Management And General | 13471 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5766 | Total |
| Management And General | 5766 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| HOME OWNERSHIP COUNSELI | 1889602 | 1889602 | ||
| FORECLOSURE PREVENTION | 89974 | 89974 | ||
| MISCELLANEOUS | 13876 | 12062 | 1813 | 1 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2779007 | Total |
| Program Services | 2602989 | ProgramServices |
| Management And General | 140411 | ManagementAndGeneral |
| Fundraising | 35607 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 497862 | BOY |
| EOY | 77746 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1976383 | BOY |
| EOY | 2323057 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70500 | BOY |
| EOY | 402742 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286619 | BOY |
| EOY | 187643 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25860 | BOY |
| EOY | 18605 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4006 | BOY |
| EOY | 3119 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 195083 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 81005 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36879 | BOY |
| EOY | 114078 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 700 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2898109 | BOY |
| EOY | 3127690 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 659036 | BOY |
| EOY | 533115 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11855 | BOY |
| EOY | 13655 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8938 | BOY |
| EOY | 5509 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 679829 | BOY |
| EOY | 552279 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1338101 | BOY |
| EOY | 1709962 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 880179 | BOY |
| EOY | 865449 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2218280 | BOY |
| EOY | 2575411 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2898109 | BOY |
| EOY | 3127690 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 303139 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 53992 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1855826 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3192258 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2820362 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2600936 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3030882 | CurrentTaxYear |
| Total | 13500264 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1855826 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3192258 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2820362 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2600936 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3030882 | CurrentTaxYear |
| Total | 13500264 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1486332 | AmountsSubstContributorsTotal |
| Public Support Total170 | 12013932 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24174 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23295 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10261 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11398 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7460 | CurrentTaxYear |
| Total | 76588 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 13576852 | TotalSupport |
| Gross Receipts From Admissions Etc | 367585 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.88490 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.86800 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12436 | OtherCostOrOtherBasis |
| Depreciation | 12436 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91977 | OtherCostOrOtherBasis |
| Depreciation | 68569 | Depreciation |
| Book Value | 23408 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 90670 | OtherCostOrOtherBasis |
| Book Value | 90670 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 114078 | TotalOfBookValueLandBuildings |
| Total Revenue | 3082146 | TotalRevenue |
| Total Expenses | 2779007 | TotalExpenses |
| Excess Or Deficit For Year | 303139 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 303139 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3175486 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 59194 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 59194 | RevenueNotRptdF990 |
| Revenue Subtotal | 3116292 | RevenueSubtotal |
| Other Revenues Not Included | -34146 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -34146 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3082146 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2872347 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 59194 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 34146 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 93340 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2779007 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2779007 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| PART X: | 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. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| COST OF GOODS SOLD -34,146. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD 34,146. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| 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. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROGRAM SERVICE STATEMENT | FORM 990, PART III, LINE 4A | 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. |
| 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 5: | PRIOR PERIOD ADJUSTMENTS: 53,992. |
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