2012-06-07T12:59:06-05:00 2011-12-31 410975573 HLB TAUTGES REDPATH LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2011-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 JULIE GUGIN 6516599336 2012-06-04 1 THOMAS W HODNEFIELD CPA P00185415 6514267000 2012-06-04 2011 2016-02-24 21:20:13Z JULIE GUGIN 1000 PAYNE AVENUE NO 200 ST PAUL MN 55130 3116292 0 X WWW.HOCMN.ORG X 1993 MN 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. 23 23 8 0 0 0 2600936 3030882 53823 46672 7478 7460 2443 -2868 2664680 3082146 0 0 0 0 574857 539112 10738 7575 35607 1964700 2232320 2550295 2779007 114385 303139 2898109 3127690 679829 552279 2218280 2575411 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 0 0 2602989 43804 SEE SCHEDULE O 2602989 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 8 1 0 0 0 0 0 0 0 0 0 0 X 23 23 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 0.20 X 0 0 0 BOARDMAN JERRY 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 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 ROTH JIM 0.30 X 0 0 0 SAAVEDRA JORGE 0.20 X 0 0 0 SARVELA BILL 0.50 X 0 0 0 SHIPLEY VICKI 0.50 X X 0 0 0 SIPE TODD 0.20 X 0 0 0 THOMPSON MARY 0.40 X 0 0 0 TRAHAN JOAN 0.50 X 0 0 0 VIANA NICOLA 0.20 X 0 0 0 YOST LOWELL 0.20 X 0 0 0 GUGIN JULIE 40.00 X 101822 0 9540 101822 0 9540 1 0 0 0 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 6 1804997 1225885 3030882 TRAINING FEES 541900 30486 30486 LOAN REPAYMENT 624200 16186 16186 46672 7460 7460 31278 34146 -2868 -2868 3082146 43804 0 7460 111417 37004 50138 24275 334998 310392 24606 22897 21229 1668 34600 30379 4221 35200 28738 5315 1147 23599 22645 954 29428 11221 17514 693 7575 7575 98303 92681 5175 447 40822 33628 6041 1153 1533 1479 54 9127 8911 164 52 16413 13044 3105 264 406 406 13471 13471 5766 5766 HOME OWNERSHIP COUNSELI 1889602 1889602 FORECLOSURE PREVENTION 89974 89974 MISCELLANEOUS 13876 12062 1813 1 2779007 2602989 140411 35607 497862 77746 1976383 2323057 70500 402742 286619 187643 25860 18605 4006 3119 195083 81005 36879 114078 700 2898109 3127690 659036 533115 11855 13655 8938 5509 679829 552279 X 1338101 1709962 880179 865449 2218280 2575411 2898109 3127690 X 303139 53992 X 0 1 1 X 0 X 1855826 3192258 2820362 2600936 3030882 13500264 1855826 3192258 2820362 2600936 3030882 13500264 1486332 12013932 24174 23295 10261 11398 7460 76588 13576852 367585 0.88490 0.86800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 12436 12436 0 91977 68569 23408 90670 90670 114078 3082146 2779007 303139 303139 3175486 59194 59194 3116292 -34146 -34146 3082146 2872347 59194 34146 93340 2779007 0 2779007 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: 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 XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -34,146. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 34,146. 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. 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.