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i 1i 21 32 43 54 Annual65 76 87 98 10 9 Report1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 2010 From the Board Chairman and Chief Executive Officer

Dear Friends,

With challenges come opportunities… and over the last year, NeighborWorks America and our network have seized those opportunities. NeighborWorks America Annual Report 2010

Table of Contents It could have been a different story. The need to assist families and individuals has never been greater, but with the

help of our partners, we responded on many fronts. And, at the same time, we have focused on a brighter future and 1 Letter from the CEO and Board Chairman continued to help families across the country create affordable housing opportunities. 2 A Tribute to Kennneth D. Wade In 2010, NeighborWorks supported our network of more than 235 local and regional nonprofit organizations that 5 About NeighborWorks America deliver sustainable homes on the ground and create strong communities every day. NeighborWorks America and our network generated $3.03 billion in public and private investments, and assisted 270,000 low- and moderate-income 6 Affirming Our Approach families with their housing needs. 11 Strengthening Communities Previous 13 Engaging in Community ChangeNext We are proud of our preeminent training courses that awarded trainingPreviousPrevious certificates in 2010 on subjects ranging NextNext from stabilizing communities to building more energy efficient and healthier homes to 14,000 professionals in 3,000 16 Responding to Changing Markets nonprofits and municipalities across the nation. 19 Sharing Solutions Through the National Foreclosure Mitigation Counseling Program, we continued to provide counseling to thousands 20 2010 Donors of homeowners at risk of foreclosure, and a new independent study showed that homeowners who receive counseling 26 NeighborWorks America Districts and Organizations are 70 percent more likely to avoid losing their homes to foreclosure than those who do not receive such help. Since the program’s inception, we have assisted more than 1 million families. 31 Financial Summary

32 Officers and Directors Previous NeighborWorks remains committed to working with ourNext many partners, including more than 1,300 local and national foreclosure intervention counseling agencies, to assist families and communities to recover from the foreclosure crisis. We would also like to acknowledge Ken Wade for his dedication and commitment to NeighborWorks America’s mission and vision as CEO from 2004 to 2010.

In closing, we would like to thank all of our partners who help make this critical work possible. With your help, we 35 36 continue to stabilize communities while working toward a future of American communities all are proud to call home. 35 36 35 36

i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next The Honorable Thomas J. Curry Eileen M. Fitzgerald Cover: (Top Left) Cabrillo, CA, Cabrillo Economic Development Corporation; i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Chairman,35 36 NeighborWorks Americai 1 iBoard21 of Directors32 43 54 65 7Chief6 8Executive7 98 Officer109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 (Right) Waco, TX, NeighborWorks Waco; (Bottom Left) Washington, DC, Manna, Inc. Director, FDIC NeighborWorks America

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A Tribute to Kenneth D. Wade Previous Next PreviousPrevious NextNext After joining NeighborWorks America in 1990, Ken Wade served as New England District Director and Director of National Initiatives and Applied Research before being appointed CEO in 2004. He left the corporation in December 2010 to become Senior Community Affairs Executive at Bank of America. NeighborWorks America has benefited greatly from Ken’s leadership over his 21-year tenure, especially through the recent challenging economic period.

Ken fostered a performance-based culture at NeighborWorks and always emphasized efficiency and effectiveness while bringing a boots-on-the-ground, grassroots perspective to his work. In addition to his highly visible roles in promoting responsible homeownership, foreclosure and Previous Next rescue scam prevention, he also led NeighborWorks to address a host of challenging issues, including access to capital, the growth of our training institutes and responding to Hurricane Katrina. He also challenged NeighborWorks and its network to adopt a strong commitment to green and sustainable communities. His leadership has been critical to NeighborWorks America’s growth and impact across the country. We will miss him.

35 36 35 36 35 36 We wish Ken the best in his career and know he will continue to make a difference.

NeighborWorks America salutes Ken Wade for his extraordinary efforts i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30which31 will32 33 pave34 the way for a brighter future to come. i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1i 21 32 43 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Our Mission To create opportunities for people to live in affordable homes, improve their lives and strengthen their communities.

Our Vision Through NeighborWorks and its partners, America is a nation of vibrant communities all are proud to call home.

About NeighborWorks America

Previous Next NeighborWorks America was founded in 1978 on the premise that the Previousmost powerfulPrevious NextNext way to transform communities is through strong partnerships that engage the public and private sectors with the residents of those communities. For three decades we have followed this principle.

NeighborWorks America is a leader in affordable housing and community development, trusted by government and business to address national, regional and local challenges- through innovative, flexible and efficient approaches. Many of our community-focused programs and services are delivered through 237 independent, community-based nonprofit organizations that make up the national NeighborWorks network. These chartered Previous member organizations serve more than 4,500 suburban, Nexturban and rural communities nationwide. NeighborWorks members own or manage 80,000 affordable rental units and last year assisted 270,000 families with their housing needs.

NeighborWorks America is the leading trainer and certifier in the nonprofit community development field. NeighborWorks America provides training and education annually for upwards of 13,000 community development and housing professionals, representing over 3,600 community development organizations and municipalities nationwide. 35 36 35 36 35 36 NeighborWorks America is a nationally recognized leader in the fight against foreclosures. Our National Foreclosure Mitigation Counseling Program has served more than 1 million families facing foreclosure. NeighborWorks America provides training and certification to i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 foreclosure counselors,i conducts1 2i 1 3public24 3outreach5 46 57 campaigns,68 79 108 researches119 1012 1113 trends,1214 1315 develops1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next innovative solutions and supports local foreclosure intervention efforts. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 The35 increase36 in public and privatei investments1i 2 1that NeighborWorks32 43 54 organizations65 76 generate87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 and the thousands of low- and moderate-income families helped are a testament to the unique work of NeighborWorks America and the national NeighborWorks network, its partners and friends.

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Homeownership – The Foundation of Strong Communities When well-informed families purchase homes they can afford to buy, maintain and keep, long-term successful ownership is the result. The formula for this success is simple: quality pre-purchase education and assistance, loans that are appropriate for borrowers and home prices that match the financial capability of the poten- tial owner. Our practice of preparing families has paid off and thousands of first-time homebuyers and their families are living the dream of successful homeownership.

NeighborWorks® HomeOwnership Centers Accessing Capital In 2010, 100 NeighborWorks HomeOwnership Centers served more NeighborWorks America collaborates with Community Housing than 100,000 households. One-stop centers like the one at NHS of Capital and NeighborWorks Capital Corporation, specialized capi- Chicago, above, help educate families to purchase, maintain or keep tal corporations that provide critical financing for investment into their homes though a comprehensive array of services. new affordable housing development and existing housing rehabili- tation for NeighborWorks organizations. In FY 2010, Community Housing Capital and NeighborWorks Capital Corporation closed Previous Next $40 million in loans to NeighborWorks organizations. PreviousPrevious NextNext

Affordable Rental Housing In today’s turbulent marketplace, working families need access to affordable housing more than ever. Renting an apartment or home remains the best, and increasingly, the only option for millions of people. Over 175 NeighborWorks organizations develop, own and Affirming Our Approach manage 80,000 affordable rental homes, which are critical to neigh- borhoods and communities across the nation. NeighborWorks supports its network organizations to achieve strong portfolio Affordable Housing for Senior Citizens Partially funded by NeighborWorks organization Pathstone Affordable green homes are the right In 2010, the impact of the housing crisis continued to reverberatePrevious performance and asset management. Next solution for NeighborWorks commu- in Rochester, New York, seniors now live in the Albion Academy nities. NeighborWorks organizations across the nation, threatening the stability of thousands of communi- apartments, a restored turn of the century school. deliver green benefits to low- and ties we’ve worked so hard to build. Many NeighborWorks organizations enrich these rental commu- moderate-income communities across nities by offering resident services such as after-school programs, the country. Above, new homeowners financial education and employment training – to more than in Rochester, NY. To face this challenge, we continue to support NeighborWorks orga- 40,000 residents. nizations with grants, technical assistance and training, and engage in innovative35 36and effective efforts to build strong communities. With support from The MacArthur Foundation, STRENGTH 35 36 35 36 MATTERS ®, a national collaborative initiated by NeighborWorks Keenly aware of the important role partnerships play in advancing our and co-sponsored with the Housing Partnership Network and mission, we continued to align with leaders in government, industry Stewards for Affordable Housing for the Future, is building business i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32and33 the34 private sector to support initiatives and training for housing and capital tools to supporti 1 growth2i 13 of2 4affordable35 46 rental57 68 homes.79 108 The119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous professionalsNext and resident leaders across the country. Strength Matters Data Warehouse provides an innovative on-line resource for benchmarking property performance and sharing best practice financial reporting tools. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17Rather18 than19 imposing20 21 answers22 23 from24 Washington,25 26 27 NeighborWorks28 29 30 31 32 33 34 35 36 i 1i 21 32 43 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 invests in solutions created and driven by our locally based network

organizations, their partners and the communities they serve. Creating Healthy, Sustainable Communities “NeighborWorks of Grays Harbor helped me buy my home, helped All families deserve to live in healthy, sustainable homes, and we me fix my home and is now helping me change things so I can 35 36 work with NeighborWorks orga­nizations to achieve this. In 2010, stay in my home. There’s no place like home” NeighborWorks America continued to support green development, i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Marlene Bay, Aberdeen, WA

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 rehabilitation, education, and community activities. Families we Foreclosure Intervention serve are often forced to make difficult trade-offs between utility Counseling Training costs and other basic needs. NeighborWorks organizations help by NeighborWorks continues to provide critical training for fore- educating consumers to reduce those costs, through such steps as closure intervention counselors, preparing professionals with the purchasing new energy efficient appliances or weatherizing their knowledge and skills to successfully deliver foreclosure counsel- homes. ing assistance to troubled borrowers facing foreclosure. This year, NeighborWorks awarded 4,700 training certificates in foreclosure A priority has been placed on supporting the creation of new and prevention-related coursework. renovated affordable “green” rental and for-sale homes. These homes are more affordable to operate in the long run and healthy environments can lower health-related costs and improve comfort Serving the Homeownership and well-being. Education and Counseling Industry The NeighborWorks Center for Homeownership Education and In 2010, NeighborWorks Developing a Skilled Counseling (NCHEC) provides continuing education and certi- fication, along with professional tools and resources that help helped more than 16,000 Food Gardens and Markets Make Community Community Development Workforce With assistance from NeighborWorks member New Kensington homeownership practitioners effectively deliver services to low- lower-income families buy NeighborWorks America provides the highest quality training to CDC of Philadelphia, PA, students oversaw the transformation of income families. a derelict lot across from their school into a beautiful garden by organizations which work to improve the affordability of housing, their own homes. planting vegetables and perennials in newly created raised beds. the vitality of neighborhoods, and the quality of community life. Homeownership Training and Certification. NCHEC provided NeighborWorks America awarded 21,000 training certificates to Previous Next extensive training in homeownership and community lending PreviousPrevious NextNext affordable housing and community development professionals topics including financial education, pre-purchase, post-purchase from more than 3,600 organizations and municipalities in 2010. and foreclosure intervention. Nearly 3,800 scholarships were awarded to community development staff under agreements with NeighborWorks Training Institutes are offered four times a year the U.S. Department of Housing and Urban Development, finan- and each one features: In 2010, the majority of units cial institution partners and other resources. Counselors from  More than 100 courses to 1,800 professionals in a comprehen- built or rehabbed by the more than 2,300 organizations earned a total of 12,500 training sive range of studies from foreclosure basics and affordable housing certificates to improve their skills and performance. NeighborWorks network used development to community lending and nonprofit leadership.  Professional certification in eight areas of study that raise the green building practices; CounselorMax™, a client and data management system, gives bar of excellence in homeownership, community development, one-third of new units met housing counselors an efficient process for workflow management, affordable housing and green practices . Previous Next green building standards. tracking and reporting homeownership preparation, foreclo- sure intervention data on homeownership clients and simplifies Other training opportunities include: applying for loan modifications and reporting to outside agencies.  Local and Regional Trainings. 300 Place-based trainings were NeighborWorks supports 1,000 agencies using CounselorMax™. St. Ambrose Housing Aid Center, held that took NeighborWorks training opportunities to locations a NeighborWorks organization in Baltimore, Maryland, helped where people live and work. move Edward and Shareen and their three children from one of NeighborWorks Realizing the American Dream and Keeping the Baltimore’s homeless shelters into a newly renovated, afford-  E-learning. Fifteen interactive online courses are available 24/7 American Dream homebuyer education curriculums are avail- 35 36 able three-bedroom rental home through its “In My Back Yard” 35 36 35 36 on topics that include foreclosure prevention, property asset manage- able in multiple languages and are used industry-wide to help project, which purchases vacant properties ment, community stabilization and board governance. More than low-income families purchase and keep their homes over the long- and renovates them as rental homes. 2,500 e-learning training certificates were awarded in 2010. term. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next Achieving Excellence Measuring Impact The NeighborWorks Achieving Excellence in Community Success Measures is an outcome evaluation resource for community Development Program welcomed 51 executives into its fifth development organizations, intermediaries and funders assisting i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2018-month21 22program.23 Under24 this25 joint 26collaboration27 28 with Harvard29 30 31 32 33 34 nonprofits35 36 and funders to plan evaluationi 1i strategies,21 32 collect43 and 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 University’s Kennedy School of Government, seasoned execu- analyze data, and communicate results. Over the last five years, tives apply a transformational performance approach to a specific Success Measures has worked with over 300 community-based NeighborWorks America awarded 567 green training and significant challenge facing their organizations in order to lead education certificates to nonprofit housing developers and organizations to evaluate a range of affordable housing, economic community leaders. Housing developers and community leaders 35 36 them to a higher level of effectiveness and sustainability. To date, development and community stabilization place-based strategies. learned how to engage community residents in “greener” living. 179 executives have graduated from the program. In 2010, Success Measures developed new sets of indicators in the i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 areas of green affordable housing and the value of community development intermedi- ary services and led a field-building project that produced tools to measure the impact of broad range financial capability programs. These tools are now being introduced to more than 400 financial education and coaching practitioners in a nationwide collaborative initiative between NeighborWorks America and the Citi Foundation.

NeighborWorks Rural Initiative More than one-third of NeighborWorks organizations serve rural America – delivering essential services and investments in homeownership, foreclosure intervention, rental housing, community revitalization, economic development and quality manufactured housing. Uniquely positioned to leverage resources and partnerships to deliver effective solutions to some of the most pressing challanges, NeighborWorks America is commit- ted to supporting a strong and vibrant rural America through substantial investments, training and technical assistance:  Grants. Enable more rural organizations to attend Training Institutes and enroll in the Success Measures Data evaluation system.  Training. Rural-specific training courses at NeighborWorks Training Institutes, and NeighborWorks Umpqua in Roseburg, the biennial NeighborWorks’ National Rural Conference. Oregon started the Think Local  Technical Assistance. Tailored to organizations serving rural areas, and delivered Previous Umpqua Initiative to help establish Next PreviousPrevious NextNext by partner organizations and peers. an independent business alliance promoting ‘buying local’. The program  Best Practices. Winning strategies and detailed case studies, peer-to-peer site visits enabled resident Suzie Porter to and hands-on technical assistance.  purchase fruit trees, a used tractor and other essential equipment for her small farm. Strengthening Communities

Aisha Jones stands in front of When the housing market collapsed, NeighborWorks America was called upon Previous her new home built by Home Next HeadQuarters in Syracuse, NY. to work with speed and skill to support nonprofit counseling agencies to assist This house is being used in a hundreds of thousands of homeowners at risk of foreclosure. In addition, our pilot program that compares energy usage between two decades of community development experience were employed to respond to the exact home models. The results shock wave of destabilization due to vacant properties, displaced neighbors and of the study could potentially benefit energy savings in the plummeting property values. 35 36 affordable housing market. 35 36 35 36 A long-standing player in improving homes and communities in urban and rural areas, NeighborWorks America works closely with organizations and partners in all i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2isectors13 24 across35 46 5the7 68 country79 108 11to9 assist1012 1113 distraught1214 1315 1416 1517 homeowners,1618 1719 18201921 to2022 stabilize2123 2224 2325 communi2426 2527 2628- 2729 2830 2931 3032 3133 3234 33 34 Previous Next ties and to advance housing recovery. With the investment of time and resources, NeighborWorks America is poised for action, ready to help communities regain i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 theiri stance1i as21 vibrant32 places43 5 4to live.65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36

Building on its robust infrastructure and lessons learned about effective property reclamation and recovery, we work with local NeighborWorks organizations and 35 36 national partners to create strategies to protect communities and families across i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 America. 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Community Stabilization With 18.4 million vacant homes in the U.S. at the end of 2010, NeighborWorks America emerged as a leader in the effort to stabilize the most impacted communities. Throughout the year, we provided thought leadership, critical training and technical assistance on community stabilization, as well as technical assistance to Neighborhood Stabilization Program (NSP) recipients.

NeighborWorks has been instrumental in the establishment and governance of the National Community Stabilization Trust, an entity formed to help local governments and nonprofits purchase real estate owned properties through Face painting was part of the festivities at the grand reopening of Montgomery Oaks in Ojai, CA, a project of Cabrillo EDC. The access to both properties and financing. renovated community of 21 affordable two and three bedroom townhomes was financed using 9% tax credit equity and features In addition, our StableCommunities.org website continues to solar paneling that will provide a projected 90% of all energy used provide the latest information to help nonprofits and their in the community. public and private partners stabilize communities in the wake of the foreclosure crisis. Previous Next PreviousPrevious NextNext Rebuilding Gulf Coast Communities Five years after the hurricanes, NeighborWorks remains a committed partner in the Gulf, supporting communities and partners all along the Mississippi and Louisiana coast. Patti Fredenberg helps build her own home as part of NeighborWorks Great Falls’ (Montana) self-help program. This program enables qualified buyers to earn instant equity costs by working with a group of other families to help build their homes, which can make homes affordable. Since 2006, NeighborWorks America has invested $22.7 million to support more than 30 organizations in the Gulf Coast region. We have: People fuel community change. Ordinary people, working togeth-  Constructed or rehabbed more than 4,000 rental and for-Previous Engaging in er to moveNext the community forward, ultimately improve the quality sale units. of life for all its residents. Active and broad-based community  Facilitated more than 1,000 new homeowners and preser- Community engagement is key to any community’s success. Hurricane Katrina forced Nick and Chona Gamliche vation of 125 existing homes. to give up their home and become renters. When it  Provided financial and homeownership education to was time to purchase a home, they turned to Avenue Community 27,000 Gulf Coast residents.  NeighborWorks America supports member organizations’ efforts Development Corporation, a NeighborWorks organization in Change Houston, Texas. “They helped us through all aspects of the home- to develop effective resident leaders, strengthen resident-led buying process. They really helped us turn our lives around.” 35 36 associations and sponsor community-building activities that foster 35 36 35 36 relationships among community members. But the sheer magni- tude of what is needed to revitalize communities is far beyond the i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 capacity68 79 108 of119 a1012 single1113 1214 organization1315 1416 1517 1618 or1719 a 1820few1921 residents.2022 2123 2224 Rather,2325 2426 2527 it 2628is 2729 2830 2931 3032 3133 3234 33 34 Previous Next the collective input of people who care – residents, volunteers, partners – working alongside organizations and public agencies i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1i 21 that32 share43 that54 commitment.65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36

When engaged, residents, volunteers, partners and staff become the driving force behind the positive change that transforms a 35 36 community. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 National NeighborWorks Week During NeighborWorks Week, local NeighborWorks organiza- tions mobilized tens of thousands of volunteers, businesspeople, neighbors, friends, local and national elected and civic leaders to bring change and awareness to America’s neighborhoods. This year, volunteers took the campaign to the streets, mobi- lizing volunteers at more than 150 events around the country to sound the alert against loan modification scams. 

Volunteers across America worked with NeighborWorks to relay critical information to families affected by the rising tide of loan scam activity. Right, volunteers canvass in Newark, NJ.

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Volunteers partnering with NeighborWorks organizations are an important aspect of our community engagement work. Volunteers here are from AHEAD, Inc., a NeighborWorks Community Building and Organizing organization in Littleton, NH. The value and impact of volunteer engagement is important when revitalizing communities and stimulating lasting change. In 2010, NeighborWorks America’s Community Building and Organizing Programs generated 322,000 volunteer hours, building stronger, vibrant and more connected communities. Previous Next Community Leadership Institute: Dorothy Richardson Award Driving Change Resident Victor Aguilar The NeighborWorks Community Leadership Institute (CLI) is the Cabrillo Economic Development cornerstone of NeighborWorks’ commitment to emerging commu- Corporation, Oxnard, California nity, resident and volunteer leaders. This training event provides residents skills, tools and information that strengthens their voices The Dorothy Richardson Award for Resident Leadership is an annual recognition of outstanding contributions by dedicated 35 36 and community leadership. Participants attend in teams of eight 35 36 35 36 community leaders. The awards are named in honor of Dorothy Richardson, a pioneer in the community-based development from areas served by NeighborWorks Network organizations. CLI participants return to their communities across the country prepared movement who was the driving force behind the establishment of the first Neighborhood Housing Services resident-led partner- to implement substantive projects from literacy programs to paint- ship, the forerunner of today’s NeighborWorks network. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 ing vacant buildings to crime prevention campaigns. In 2010, nearly i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next 1,000 participants attended the CLI in Milwaukee, Wisconsin. A dynamic youth leader and full-time student in junior college, Victor Aguilar worked with Cabrillo Economic Development Corporation, a NeighborWorks organization, to launch a grassroots, innovative “peace” initiative. He also participated in “Paint i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Not35 Prison,”36 a program that worksi with1 juvenilei 21 graffiti32 offenders43 5to4 improve65 blighted76 8 7neighborhoods98 109 through1110 cleanup1211 13 12and 14mural13 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 In 2010, volunteers partnered painting. A young volunteer from NeighborWorks with NeighborWorks organizations Waco in Waco, Texas lends a hand The Villa Cesar Chavez Resident Council voted him in as the first youth representative to ever serve on a Cabrillo Economic during the annual NeighborWorks Week nationwide, and donated more celebration held nationwide in June. 35 36 Development Corporation Resident Council. Victor’s involvement in violence prevention efforts has helped policymakers and than 322,000 hours. adult residents hear a youth voice as they make decisions that affect all residents. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Loan Scam Alert Campaign Reaches Millions Since the campaign’s launch, over 59 million people were exposed to billboards, posters, and other signs of loan modification scams. In 2010, more than 7,500 coura- geous residents reported scams to authorities. Results: Donated media totaling over $2 million with 73+ million impressions  Over 10,000 scam complaints in database managed by Lawyer’s Committee for Civil Rights Under the Law

National Campaigns NeighborWorks America partnered with the Advertising Council and launched Talk to the Right People, a public service advertising campaign. The ads encourage distressed homeown- ers to call the Homeowner’s HOPE Hotline, a free resource for homeowners facing foreclosure.

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Newark, New Jersey resident Blanca Cortes fell victim to a loan modifica- tion scam. The Newark, New Jersey resident paid $2,800 for help to avoid The housing situation called for a deliberate response. NeighborWorks foreclosure, but the help never came. Responding America was at the forefront in reacting to the foreclosure crisis, Desperate, she turned to NeighborWorks establishing the NeighborWorks Center for Foreclosure Solutions. Foreclosure Scam Prevention Previous In February 2010, New York City Mayor Michael BloombergNext and organization, La Casa de Don Pedro, to Changing The Center provides the latest information and tools to counsel- now NeighborWorks Chief Executive Officer Eileen Fitzgerald where she was offered free foreclosure ors, conducts public outreach campaigns, researches national and announced the launch of the Loan Modification Scam Alert prevention assistance. Blanca worked Markets local trends to develop innovative solutions, and supports local and campaign, which alerts homeowners to protect themselves against with Sofi Cordero, a senior housing regional foreclosure intervention efforts. loan modification scams and directs them to trusted foreclosure housing counselors who can at an event in Times Square. Similar counselor, to receive a permanent modi- events were held at multiple venues across the country, and the fication with an interest rate reduction Seperately,35 the36 National Foreclosure Mitigation Counseling Program campaign reached out to consumers through Facebook and Twitter. 35 36 35 36 (NFMC), funded by Congress and administered by NeighborWorks after her first mediation. Throughout the process, her servicer, One West, America, has provided grants, training and other assistance to more Against the Tide of Foreclosures than 1,700 agencies nationwide. Counseling has helped home- worked with Sofi to make sureher i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 The NeighborWorks networki 1 2i of 13housing24 35 counselors46 57 68 was79 instru108 11-9 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 mental in the development of HOPE LoanPort, a web-based utility Previous ownersNext across the country find a solution to foreclosure. Since the modification was approved. inception of the NFMC program more than 1 million families facing that both expedites and simplifies the process of applying for loan modifications. Hope LoanPort allows counselors to provide more i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17foreclosure18 19 have20 been21 counseled.22 23 24 25 26 27 28 29 30 31 32 33 34 transparency35 36 of the application processi to1i struggling21 homeowners32 43 54 65 76“It 87took98 me10 9two1110 years1211 to1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 seeking to avoid foreclosure. get this far. I’m thankful for LaCasa de Don Pedro helping me get back into my home.” 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Results of the National Foreclosure Mitigation Counseling Program (NFMC) Counseling has helped homeowners across the country find a solution to foreclosure. Since the inception of the NFMC program, more than 1 million families facing fore- closure have been counseled. In 2010, the Urban Institute evaluated the program and released a report that found:  Homeowners counseled by NFMC had about 70% higher relative odds of getting out of foreclosure.  Nationwide, clients who received loan modifications saved $564 million in monthly payments - over half a billion dollars- in one years time.  Homeowners with a serious delinquency or foreclosure who received counseling prior to obtaining loan modifications were much more likely to avoid a renewed default.  Homeowners receiving loan modifications were more likely to cure their defaults if they received counseling before the re-working of their loans.

Peer Learning. The NFMC Program provides a private website for counselors and staff of all Grantees, Sub-grantees and contracting legal entities working within the program. The site, www.nfmcmembers.org, includes a message board that serves as its Previous key component. Users post questions to each otherNext via a list serve, and their peers PreviousPrevious NextNext respond to their questions with useful information and guidance. As of September 30, Across the country, 2010, there were 4,756 active users on the website.  NeighborWorks America held events to counsel homeowners in need of foreclosure assistance including Los Angeles, CA, shown here. Sharing Solutions

NeighborWorks organization For NeighborWorks, collaboration is the way we work. It is how we get things done. Manna, in Washington, D.C., Previous breaks ground on a 15-unit Next condominium development As the original community/public/private partnership model, we have more than 30 in Columbia Heights, one of Washington’s most ethni- years of success working with organizations across industry sectors to ensure that cally and economically communities become and remain vibrant and healthy places to live. The result is diverse neighborhoods. a highly efficient national delivery mechanism, successful at bringing programs to scale and impacting the community development field at large. Beginning with our 35 36 strong network of 237 NeighborWorks community-based member organizations 35 36 35 36 and working with local, state and national partners, NeighborWorks and its allies continue to stand together to tackle tough community problems. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next NeighborWorks America joined other organizations across the country to help distressed homeowners, to stabilize communities and to advance housing recov- i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 ery. Wei are1i also21 looking32 to43 the 5future4 65 to ensure76 8 7we can98 continue109 1110 to 12help11 13low-12 and1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 moderate-income families achieve the dream of sustainable homeownership, build lasting wealth, support affordable rental homes and live in healthy, vibrant commu-

35 36 nities. Nonprofit organizations, private sector companies and public agencies are critical partners in the efforts to create opportunities and stabilize communities i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 that have been hit by the housing crisis. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Bank of India Capital One Financial Corporation Community Development Finance 2010 Donors and Partners Bank of New York Mellon Capital One Foundation Institution Fund Bank of New York Mellon Foundation Capricorn Foundation Charitable Trust Community Development Support NeighborWorks America receives a direct annual appropriation from Congress as well as public- and Collaborative, The Bank of Oklahoma CarVal Investors private-sector support. Local member organizations also receive direct contributions. We gratefully acknowledge all Community Foundation of the organizations and institutions that partnered with us and our local NeighborWorks organizations this year. Bank of Tokyo-Mitsubishi UFJ Trust, Ltd. Cathay General Bank Corporation Mendocino County Baptist Community Ministries Cathedral Square Corporation Community Foundation for National Barr Foundation, The Catholic Charities USA Capital Area, The Baupost Group, The CBR Foundation for Financial Education, Community Foundation for Southeast Michigan, The BB&T Inc. Legacy Leaders Circle State Farm Alabama Business Charitible Trust Fund Charles and Helen Schwab Foundation, Community Foundation of Greater BBVA Compass Atlanta, The ($5 million +) State of Nebraska Alabama Gas Corporation The Bed Bath & Beyond, Inc. Community Foundation of Greater New TD Bank, N.A. Alfred Bersted Foundation Center for New York Neighborhoods, The Berry, Dunn, McNeil & Parker Haven, The Wells Fargo Foundation Alliance Data Charter One Bank Citi Foundation Bethpage Federal Credit Union, Inc. Community Foundation of Louisville, The Allstate Life Insurance Company Chicago Community Trust, The Betterment Fund, The Community Housing Development Community Benefactors Allstate Foundation Childrens Hospital & Research Center Corporation The Dorothy Richardson Society ($50,000 - $99,999) Bingham McCutchen LLP Oakland ($1 million - $4,999,999) Ally Bank Compass Bank American General Finance, Inc. BJs Charitable Foundation, Inc. Chinese for Affirmative Action Alpha Phi Alpha Fraternity, Inc. Con Edision of New York Citi Foundation (Zeta Zeta Lambda Chapter) BOA Philanthropic Management - Frank Christopher Johnson McCandless W. and Carol S. Adams Memorial Fund Memorial Fund Connecticut Community Foundation American International Group, Inc. E*TRADE Altman Foundation, The Previous Next Previous Next Boeing Employees Credit Union Chrysler Foundation, The Previous Cook Construction, Inc. Next ICF Incorporated, LLC Alvin B. Cross Trust Boettcher Foundation Cincinnati Bell, Inc. Coors Foundation Amalgamated Bank Friends of NeighborWorks Bohemian foundation Citigroup, Inc. Cornell University Bank of America Amelia Peabody Charitable Fund (up to $49,999) Boone Family Foundation, The Citi Foundation Cornerstone Foundation American Benefits Management Annie E. Casey Foundation, The Boston Afterschool and Beyond Citibank, NA Country Financial American Electric Power Foundation Blandin Foundation Boston Foundation, The Citizens Bank Cox Charities Rockefeller Foundation, The American Family Insurance Group Center for New York City Neighborhoods Boston Public Health Commission Citizens Bank Foundation Cox Communications, Inc. American House Foundation Federal Home Loan of Dallas Boys & Girls Clubs of Greater Milwaukee Citizens Housing and Planning Credit One Bank American Savings Bank CEO Circle Federal Housing Finance Agency Bozzuto Group, The Association Crescent Porter Hale Foundation ($500,000 - $999,999) American Savings Foundation First American Homeownership Bradford Renaissance Portraits Civic Engagement Initiative, The F. B. Heron Foundation, The Foundation Previous Next Ameriprise Financial, Inc. Corporation Clark-Winchole Foundation D & S Paint Center, Inc. Fannie Mae Home Depot Foundation, The Anchor Bank Brand Properties Claude Worthington Benedum Daily Iberian, The Ford Foundation, The Institute of International Education Foundation Annie E. Casey Foundation, The Bridge Street Development Corporation Daisy Marquis Jones Foundation Housing Trust Fund Corporation-NY National Association of Realtors Clear Channel Communications, Inc. Apollo Global Management LLC Bridgespan Group, The Danellie Foundation Safeguard Properties Arcturus Fund Bright Mountain Foundation Clorox Company, The The 1978 Society David and Lucille Packard Foundation, Make it Right Foundation CNY Environmental Institute, Inc. ($250,000 -$499,999) Arie and Ian Crown Memorial, The Broadway National Bank The W.K. Kellogg Foundation Arrowhead Foundation, Inc. Codilis and Associates, P.C. DCP Midstream Citi 35 36 Brooklyn Community Foundation 35 36 35 36 F. B. Heron Foundation, The Asian American Federation of New York Brown Foundation Cogsell Benevolent Trust Dean & Margaret Lesher Foundation Donors to the Collins Foundation JPMorgan Chase Foundation, The NeighborWorks Network Associated Bank Brown-Forman Corporation Delta Bank Columbia Gas John D. and Catherine T. MacArthur 21st Century Foundation Astoria Finaicial Corporation Bruce Karatz Family Foundation Denver Foundation, The Columbia Gas of Ohio i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21Foundation22 23 24 25 26 27 28 29 30 31 32 Abell33 34 Foundation Atherton Family Foundation Bushrod H. Campbell &i Adah1 Hall2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618Deutsche1719 1820 Bank1921 Americas2022 2123 2224 Foundation2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 State of New York Mortgage Agency Charitable Fund Columbia Management Group Previous Access StrategiesNext Fund Aurora Healthcare Deutsche Bank Securities, Inc. Columbus Board of Realtors Wells Fargo Adams-Mastrovich Family Foundation Austin Community Foundation for the Dime Commmunity Bankshares, Inc. Capital Area, Inc. California Bank & Trust Columbus Foundation, The Adirondack Bank Discover Financial Services i 1 2 3 4 5 6 7 8 9 10 George11 Knight12 Society13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1i 21 32 43 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 California Consumer Protection Comcast Foundation, The Division of Banks ($100,000 - $249,999) Adobe Systems Incorporated Foundation Baltimore Equitable Insurance Comerica, Inc. Dolores Huerta Learning Academy Freddie Mac Aflac California Endowment, The Baltimore Neighborhood Collaborative Comerica Bank, Inc. Dr. Norman Thomas Family Foundation Ford Foundation Akron Community Action, Inc. Camden Property Trust Bank of America Charitable Foundation Commerce Bank, Inc. Dunham Fund, The Habitat for Humanity International, Inc Akron Urban35 36 Ministry Alcoholism Campbell Soup Foundation Drug Abuse Outreach Program Bank of America Corporation Community Affordable Housing E*Trade Financial HSBC USA, Inc. Capital One Bank Equity Corporation i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Al29 30 Courtney31 32 33 34 and Associates, Inc. Bank of Hawaii Charitable Foundation 35 36 MetLife Foundation E*Trade Bank i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 East Bay Asian Youth Center Fred A. and Barbara M. Erb Family Harold Simmons Foundation, Inc. James Graham Brown Foundation M. Coates Citizens Bank Mon Valley Initiative East Bay Community Foundation Foundation Harris Bank Jay Arthur Goldberg, P.C. M/I Homes, Inc. Morgan Stanley East Boston Foundation Freddie Mac Hauck Charitable Foundation JDD Holdings LLC / Maltz Maggie-George Morris and Gwendolyn Cafritz Ecolab Foundation Freddie Mac Foundation, The Hawaii Community Foundation Family Foundation Marguerite Casey Foundation Foundation, The Edison Properties, LLC Frey Foundation, The The Hearst Foundation, Inc. John H. Sykes Foundation, Inc. Marquette/Meridian Bank Mountain West Bank EFS Foundation Frost National Bank Health Resources in Action John Hancock Summer Scholars Martin Instruments, L.P. Murtaugh Restoration, Inc. El Pomar Foundation Helis Foundation, The John M. Simpson Foundation, The Mary Kay Foundation Mutual Housing Association of Brown County Elkhart County Community Foundation, Garfield Foundation, The Heritage United Way Jon Bon Jovi Soul Foundation Mary Reynolds Babcock Foundation, Inc., Inc. George N. Wilcox Trust Herman and Freida Miller Foundation, Julius C. Jeker Foundation, The The Emerson Electric Co. Gateway The Maryland Legal Services Corporation Nathaniel Development Corp Energy Coordination Agency Gateway Community Services Herman T. and Phenie R. Pott Foundation Kaiser Permanente MASCO National Bank of Arizona Enterprise Community Partners, Inc. Organization, Inc. Highland Street Connection, The Kalamazoo Community Foundation Massachusetts Census Equity Fund National Community Action Foundation Enterprise Foundation Gateway Development Corporation HJ Heinz Endowments Kane County Riverboat Fund MassHousing National Council of La Raza Entrepreneurs Foundation of George Frederick Jewett Foundation Archbishop Hoban High School KDK-Harman Foundation Massachusetts Housing Finance Agency National Community Reinvestment Corporation, The Central Texas George H. & Jane A. Mifflin Home Depot Foundation, The Key Foundation Massachusetts Housing Investment Memorial Fund National Endowment for the Arts EOS Foundation Home Depot, Inc., The Keybank National Association Corporation, The ESL Federal Credit Union George S. and Dolores Dore Eccles Massachusetts Housing Partnership National Federal Credit Union Foundation Home Free USA King Foundation ETC Canyon Pipeline, LLC Mass Mutual National Fund for Enterprise George Kress Foundation, The HomEq Servicing Corporation KLE Foundation, The Equitable Bank, The Massachusetts Technology Collaborative,Previous National Penn Bank Next Previous GibsonNext Family Foundation, Inc. Horseshoe Foundation of Floyd County Korean American Community Previous Next Evelyn and Walter Haas, Jr. Fund Foundation, The The Nationwide Mutual Insurance Company Gilmore Foundation Houses of Hope Fund & Foundation Kresge Foundation, The Matrix Consulting Group GMAC, Inc. HSBC USA, Inc. Naugatuck Savings Bank Corporation Fairfield County Collaborative Fund for MAZON GMAC Financial Services Hugh Kaul Foundation, The Nebraska Enterprise Fund, The Affordable Housing Lakes Brand Rent MB Financial Bank Goldman Sachs Group, Inc., The Huntington National Bank, Inc. Neighborhood Markets Program, The Family Resources Community Action Lakes Region United Way McGregor Fund, The Goodyear Tire & Rubber Company, The Hyams Foundation, Inc., The Neighborhood Opportunities Fund, The Famous Manufacturing Co. Latino Community Foundation, The McKnight Foundation, The Greater Minnesota Housing Fund Hyde and Watson Foundation, The Neil and Louise Tillotson Fund, The Fannie Mae Legacy Bank McMichael Family Foundation, The F.B. Heron Foundation, The Goldman Sachs Group, Inc., The McInerny Foundation North Carolina Community Iberia Bank LG Wood Foundation Development Initiative Federal Home Loan Bank Goodyear Tire & Rubber Co., The Meadows Foundation, Inc., The IBM Employee Services Center Libby-Dufour Foundation NCLR Freddie MAC-HAC Federal Home Loan Bank of Dallas Google, Inc. Previous Memorial HospitalNext and Health Care Idaho Partners for Homebuyer Education, Liberty Mutual Group fund NCLR FREDDIE MAC-HAC Pilot Program Federal Home Loan Bank of Pittsburgh Goulstorrs and Co., Inc. Systems, Inc. Inc. Lincoln Financial Group Neighborhood Partnerships Fifth Third Bank Grainger Foundation, Inc., The Mercantil Commercebank Illinois FAIR Plan Association Linden Foundation, Inc., The Neighborhoods Now Fireman Foundation Grandom Institution Merrimack County Savings Bank Inasmuch Foundation Litton Loan Servicing LP Nesseralla and Company, LLC First Bank Granite Ridge Builders Inc. Merrimack Valley Housing Partnership Independence Community Foundation Living Cities, Inc., The New Albany Urban Enterprise First Hawaiian Bank Grant in Aid Metlife Foundation Indiana Association of Community Lloyd K. Johnson Foundation, The New Castle County First Interstate Bank Greater Kansas City LISC Economic Development Metro United Way, Inc. New Hampshire Charitable Foundation First Lutheran Endowment Trust Greater Milwaukee35 36 Foundation ING Direct Metropolitan Boston Housing Partnership 35 36 35 36 Local Initiatives Support Corporation New Rivers Center for Energy Services First Merit Bank Greater Minnesota Housing Fund International Paper Company Foundation Metropolitan Life Insurance Company Louisiana Disaster Recovery Foundation, New Visions for Public Schools First Presbyterian Church of Birmingham Greater New Orleans Foundation Investors Savings Bank Inc. Meyer Memorial Trust Greater Worcester Community Michael and Susan Dell Foundation, The New Voices Fletcher Foundation Interest on Lawyers Trust Accounts Lowe Foundation i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Foundation33 34 i 1 2 3 4 5 6Middlesex7 8 Savings9 10 11Bank12 13 14 15 16 17 18NewAlliance19 20 21Bancshares,22 23 24 Inc.25 26 27 28 29 30 31 32 33 34 Florida Housing Finance CorporationPrevious Next Irene S. Scully Family Foundation Ludcke Foundation, The Gulf Coast Community Services Miller Foundation New Hampshire Charitable Foundation, Flushing Savings Bank Association Irene W. and Guy L. Anderson Children’s Ludwig Family Foundation, The The Foundation, The Miller’s Surplus Foundation for the Carolinas New York Community Bancorp. Inc. i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1i Milton21 Foundation32 43 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 Foundation Inc. Habib American Bank M&T Bank Corporation New York Community Trust, The J & P Painting Mimi & Peter Haas Fund Founders and Associates, Inc. Hagedorn Fund, The M&T Charitable Foundation Nexus JPMorgan Chase Foundation Minneapolis Foundation, The Ford Family Foundation, The Hall Family Foundation, The Marion and Henry J. Knott Foundation, NFL Charities JPMorgan Chase & Co. The Minnesota Historical Society, The Ford Foundation, The Hampden Bank New Hampshire Community Development 35 36 JPMorgan Chase Bank, N.A. Marshall & Ilsley Bank Foundation, The Minnesota Title Agency Fowler Harbor One Credit Union Finance Authority Jack Hall Hawaii Housing Corporation Marshall & Ilsley Corporation Mizuho Corporate Bank Nicklaus Children’s Health Care Foxi Foundation1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Harold29 30 31 32 33 Brooks34 Foundation, The 35 36 Foundation, The i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Noonan Trust Polk County Housing Trust Fund SBA - Microloan TA Grant Texas Education Agency United Way of North Central Iowa Wisconsin Public Service Resources Foundation Noor Market Port Arthur Communities Fund Scentsy Texas State Affordable Housing United Way of Palm Beach County Corporation United Way of Stamford William and Sharon Hahn Foundation, Nordstrom Federal Savings Bank Prairie Meadows Racetrack and Casino Schreiber Foods Inc. Third Federal Bank United Way of Tarrant County The Northern Trust Company Premier West Bank Schulte Roth & Zabel, LLP Women’s Foundation of Southern Arizona Threshold of Hope United Way of the Bay Area North Suburban Consortium, Community Presbyterian Speer Trust Scott Schumann Fund for New Jersey, Woodlands Commercial Bank Housing and Development Organization The Timberland United Way of the National Capital Area Price Charities Woods Charitable Fund, The Northwest Area Foundation, The Scott Hudgens Family Foundation, The Toledo Edison United Way Oxford Primerica Work in Action Northwest Bank Pritzer Foundation, The Scranton Area Foundation John H. and H. Naomi Tomfohrde United Way Southeast Michigan Foundation Workforce Solutions for the Heart of Northwest OH Affiliate of Susan Komen PrivateBank and Trust Company, The Seedco United Way Strong Neighborhoods Texas For the Cure Tompkins Trust Company Private Industry Council Seedlings Foundation, The University of Wisconsin - Milwaukee World Changers 2010 The Northwestern Mutual Life Insurance Topfer Family Foundation Procter & Gamble Distributing Company Sherwood Foundation, The U.S. Bancorp Foundation, Inc. Company, Inc. Trapp Foundation Wright-Patt Credit Union Promontory Financial Group Side by Side Foundation US Bank Norwin S. and Elizabeth N. Bean Travelers Insurance West Virginia Housing Development Fund Foundation Providence Health Plans Sierra Health Foundation US Bank CDC Travelers Foundation NPR Group, The Provo City Silicon Valley Community Foundation USAA Federal Saving Bank Trio Foundation Xcel Energy, Inc. Prudential Foundation, The SkillsUSA Tulsa Area United Way Xerox Corporate Foundation, The Oak Hill Fund, The PSEG SMR Architects Valley Cabinet, Inc. Tulsa Children’s Coalition Ohio Capital Corporation for Housing, PyraMax Bank Social Development Commission-ARRA Venable, LLC Y & H Soda Foundation The Turner Foundation,Inc. South Shore Savings Bank Victoria Foundation, The Young People’s Project Previous Oleonda Jameson Trust Next Twin Cities LISC PreviousPrevious NextNext Rancho Santa Fe Foundation Southern California Edison VIST Financial Corporation Youth Resident Program Ong Family Foundation, The Tykeson Foundation Realtors Charitable Foundation Santander/SovereignBank Vorys, Sater, Seymour and Pease LLP OnPoint Community Credit Union Tyler Little Family Foundation RBC Bank Spartanburg Housing Authority Z Smith Reynolds Foundation One Lowell RGK Foundation, The St. Mary’s Development Corporation Wachovia Corporation Zero Open Your Heart to the Ulster Savings Bank Regions Bank State Bank of India, The Wachovia Bank Hungry & Homeless Umpqua Bank Zions Bank, Inc. Rent-a-Center State Farm Insurance Wachovia Foundation Orange County Association of Realtors Umpqua Community Development Zuckerman Community Outreach State Farm Companies Foundation Foundation Orange County United Way Republic Bank & Trust Company Corporation Wachovia Regional Foundation StateStreet Oregon Community Foundation, The Reznick Group Union Bank & Trust Company Wachovia Wells Fargo State Street Foundation, Inc. Oregon Food Bank E. Rhodes and Leona B. Carpenter Union Bank Foundation Walter & Elise Haas, Sr. Fund Foundation, The Steele Reese Foundation, The Oregon Heat Previous Union Bank of California Washington AreaNext Women’s Foundation Richard H. Driehaus Foundations, The Stevens Foundation Oregon Microenterprise Network, The United Illuminating Company, The Waste Management, Inc. RGIS Inventory Specialists Stewardship Council Oxfam America, Inc. United Way Waterbury Development Corporation Riedel Construction Stewart & Calhoun Funeral Home United Way - VITA Weatherimizer, Inc. Ripley Trust Stoddard Charitable Trust Parker Foundation United Way of Asheville and Webster Bank Rivendell Foundation, Inc. Strategic Grant Partners Buncombe County Paul G. Allen Family Foundation Weitz Fund RJ Taylor Builders, Inc. Structura-Structural Design, LLC United Way of Berks Pennsylvania Horticultural Society Wells Fargo & Company Richard King Mellon Foundation SunTrust Foundation United Way of Cedar Valley 35 36 People United Bank Foundation 35 36 Wells Fargo Bank 35 36 Rochester Area Commmunity Foundation Surdna Foundation United Way of Central MA Peoples Bank Wells Fargo Home Mortgage RochesterWorks! Susquehanna Bank United Way of Coastal Fairfield County Peralta Community College Wells Fargo Housing Foundation Rose M. Badgeley Charitable Trust Syracuse Center for Excellence United Way of Elkhart County Philadelphia Foundation i 1 2 3 4West5 Elmwood6 7 Housing8 9 10 Development11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Roxbury33 34 Trust Fund United Way of Erie Countyi 1 2 3 4 5 6Corporation7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Philanthropic Initiative, ThePrevious Next Rural Community Assistance Corporation Target Foundation United Way of Greater Houston Western Maine HealthCare Corporation Ruth H. Brown Foundation TCF Bank United Way of Greater Rochester Whitney Bank Phillip and Elizabeth Filmer Memorial, i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24TCF 25Foundation26 27 28 29 30 31 32 33 34 United35 Way36 of Greater St. Louis i 1i William21 3G.2 Rohrer43 Charitable54 Foundation65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 Charitable Trust, The S.H. Cowell Foundation TD Bank United Way of Lawrence County Williamsburg Community Health Pierce Foundations Foundation Snug Harbor Cultural Center and TD Bank Charitable Foundation United Way of Massachusetts Bay PLEIAD Fund Botanical Garden Tech Soup Wilson W. & Geraldine D. Blackmon United Way of Massachusetts Bay & Foundation, Inc., The PNC Bank Saint-Gobain 35 36 Telemachus A. and Irene Demoulas Merrimack Valley Windgate Charitable Foundation PNC Foundation, The San Francisco Foundation, The Foundation United Way of Merrimack County i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Winn Management Company,35 36 LLC Polk Bros. Foundation, Inc. Terry Franzen and Salzano, PC United Way of Metropolitan Dallas i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 NeighborWorks Organizations and District Offices Alabama Richmond (CA) Neighborhood Clearwater Neighborhood Housing Community Action Partnership of Housing Services, Inc., Richmond Services, Inc., Clearwater (as of 6/1/2011) North Alabama, Inc., Decatur Rural Communities Housing Corporation to Develop Communities Community Service Programs of Development Corporation, Ukiah of Tampa, Tampa West Alabama, Inc., Tuscaloosa Sacramento Mutual Housing Housing Partnership, Inc., Riviera Beach Neighborhood Housing Services of Association, Inc., Sacramento Neighborhood Housing & Birmingham, Inc., Birmingham Self-Help Enterprises, Visalia Development Corporation, Gainesville South County Housing, Gilroy Neighborhood Housing Services of Alaska Tenderloin Neighborhood Development South Florida, Inc., Miami Fairbanks Neighborhood Housing Services, Corporation, San Francisco Orlando Neighborhood Inc., Fairbanks The Unity Council, Oakland Improvement Corp., Orlando NeighborWorks® Anchorage, Anchorage Rural Neighborhoods, Incorporated, Florida City Colorado Tallahassee Lenders’ Consortium, Arizona Community Resources and Housing Tallahassee Development Corporation, Westminster Comite de Bien Estar, Inc., San Luis Tampa Bay Community Development Neighborhood Housing Services Housing Resources of Western Colorado, Corporation, Clearwater of Phoenix, Inc., Phoenix Grand Junction Neighbor to Neighbor, Inc., Fort Collins Neighborhood Housing Services of Georgia Southwest Maricopa County, Inc., Avondale NeighborWorks® of Pueblo, Pueblo Cobb Housing, Inc., Marietta Previous Next The Primavera Foundation, Inc., Tucson Rocky Mountain Communities, DenverPreviousPrevious NextNext NeighborWorks® Columbus (GA), Thistle Communities, Boulder Columbus Arkansas Tri-Country Housing & Community Resources for Residents and Argenta Community Development Development Corporation, Fowler Communities of Georgia, Inc., Atlanta Corporation, North Little Rock Universal Housing Development Corporation, Connecticut Hawaii Russellville Mutual Housing Association of Hawaii HomeOwnership Center, Honolulu Greater Hartford, Inc., Hartford Mutual Housing Association of California Mutual Housing Association of National Headquarters Northeast Region Pacific District Hawaii, Inc., Honolulu Cabrillo Economic Development Corp., Southwestern Connecticut, Inc., Stamford 1325 G Street NW, Suite 800 2400 East Katella Avenue, Northeast District Previous Ventura NeighborhoodNext Housing Services Idaho of New Britain, Inc., New Britain Washington, DC 20005 125 Maiden Lane, 15th Floor Suite 440 Chinatown Community Development Center, Neighborhood Housing Services, Inc., San Francisco Neighborhood Housing Services Phone: (202) 220-2300 New York, NY 10038-4912 Anaheim, CA 92806-5929 Boise Coachella Valley Housing Coalition, Indio of New Haven, Inc., New Haven Fax: (202) 376-2600 Phone: (212) 269-6553 Phone: (714) 940-0144 Pocatello Neighborhood Housing Services, Community Housing Development Neighborhood Housing Services Inc., Pocatello Fax: (212) 269-4017 Fax: (714) 940-0973 Corporation of North Richmond, Richmond of Waterbury, Inc., Waterbury Midwest Region Community HousingWorks, San Diego NeighborWorks® New Horizons, New Haven Illinois Rocky Mountain District Los Angeles Neighborhood Housing North Central District New35 England36 District Joseph Corporation of Illinois, Inc., Aurora 35 36 35 36 855 Boylston Street, 6th Floor One Cherry Center Services, Inc., Los Angeles One Main Plaza Delaware Mid Central Community Action, 501 South Cherry Street, Suite 400 Neighborhood Housing Services of Bloomington 4435 Main Street, Suite 700 Boston, MA 02116-4802 Orange County, Inc., Anaheim Interfaith Community Housing of Denver, Colorado 80246-3326 Neighborhood Housing Services of Kansas City, Missouri 64111 Phone: (617) 450-0410 Neighborhood Housing Services of the Delaware, Inc., Wilmington i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618Chicago,1719 18 20Inc.,1921 Chicago2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Phone: (816) 931-4176; (800) 823-1428 Fax: (617) 450-0427 Phone: (303) 782-0299 Inland Empire, Inc., San Bernardino National Council on Agricultural Life Previous Next Fax: (303) 782-5568 and Labor Research Fund, Inc., Dover Neighborhood Housing Services of Fax: (816) 714-1291 Neighborhood Housing Services Freeport, Inc., Freeport of Silicon Valley, San Jose i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25Southern26 27District28 29 30 31 32 33 34 Neighborhood35 36 Partnership Housing Services,i 1 i 2District1 32 of 4Columbia3 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 Great Lakes District Ontario Indiana 260 Peachtree Street, Manna, Inc., Washington 2368 Victory Parkway, Suite 210 NeighborWorks® HomeOwnership Center LaCasa, Inc., Goshen Suite #1000 Sacramento Region, Sacramento Pathfinder Services, Inc., Huntington Cincinnati, OH 45206-2810 Florida Phone: (513) 221-4260 Atlanta, GA 30303 Peoples’ Self-Help Housing Corporation, South Bend Heritage Foundation, 35 36 San Luis Obispo Centro Campesino Farmworker South Bend Fax: (513) 221-4425 Phone: 404-526-1270 Center, Inc., Florida City i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Fax: 404- 526-1271 35 36

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Iowa Development Corporation, Dorchester North East Community Action New York Ohio San Juan Neighborhood Housing Community Housing Initiatives, Spencer HAP, Inc., Springfield Corporation, Bowling Green Arbor Development, Bath Columbus Housing Partnership, Inc., Services, Inc., Santurce Neighborhood Finance Corporation, Lawrence CommunityWorks, Inc., Lawrence Westside Housing Organization, Inc., Asian Americans for Equality, Inc., Columbus Kansas City Des Moines Madison Park Development Corporation, New York City East Akron Neighborhood Development Rhode Island Roxbury Chautauqua Home Rehabilitation and Corporation Inc., Akron CommunityWorks Rhode Island, Providence Kansas Neighborhood Housing Services of Montana Improvement Corporation, Mayville The Home Ownership Center of NeighborWorks® Blackstone River Valley, Greater Cincinnati, Inc., Cincinnati Kansas CHWC, Inc., Kansas City the South Shore, Inc., Quincy NeighborWorks® Great Falls, Great Falls Community Development Corporation of Woonsocket Neighborhood of Affordable Housing, Inc., NeighborWorks® Montana, Great Falls Long Island, Inc., Centereach Neighborhood Development Services, West Elmwood Housing Development East Boston Home HeadQuarters, Inc., Syracuse Ravenna Corp., Providence Kentucky Nuestra Comunidad Development Corp., Housing Assistance Program of Neighborhood Housing Partnership of Community Ventures Corporation, Lexington Nebraska Greater Springfield, Inc., Springfield Roxbury Essex County, Inc., Elizabethtown South Carolina Federation of Appalachian Housing NeighborWorks® Lincoln, Lincoln Neighborhood Housing Services of Oak Hill Community Development Corp., Housing Resources of Columbia County, Family Services, Inc., North Charleston Enterprises, Berea Worcester NeighborWorks® Northeast Nebraska, Inc., Hudson Greater Cleveland, Inc., Cleveland Norfolk Spartanburg Housing Development Frontier Housing, Inc., Morehead Springfield Neighborhood Housing Hudson River Housing, Inc., Poughkeepsie Neighborhood Housing Services of NeighborWorks® Omaha, Omaha Hamilton, Inc., Hamilton Corporation, Spartanburg New Directions Housing Corporation, Services, Inc., Springfield Ithaca Neighborhood Housing Services, Louisville Twin Cities Community Development Inc., Ithaca Neighborhood Housing Services of Toledo, Inc., Toledo South Dakota The Housing Partnership, Inc., Louisville Corporation, Fitchburg Nevada Neighborhood Housing Services of Urban Edge Housing Corporation, Roxbury Neighborhood Housing Services of New York City, Inc., New York City St. Mary Development Corporation, NeighborWorks® Dakota Dayton Home Resources, Deadwood Louisiana Southern Nevada, Inc., North Las Vegas Neighborhood Housing Services of Northeast South Dakota Community Previous Neighborhood Housing Services of MichiganNext South Buffalo, Inc., Buffalo PreviousPrevious NextNext Oklahoma Action Program, Sisseton New Orleans, Inc., New Orleans Kalamazoo Neighborhood Housing New Hampshire NeighborWorks® Home Resources, Olean Community Action Project of Providence Community Housing, Services, Inc., Kalamazoo Affordable Housing Education and NeighborWorks® Rochester, Rochester Tulsa County, Tulsa Tennessee New Orleans Lighthouse of Oakland County, Pontiac Development, Inc., Littleton Niagara Falls Neighborhood Little Dixie Community Action Agency, Hugo Affordable Housing Resources, Inc., Southern Mutual Help Association, Neighborhoods Inc. of Battle Creek, CATCH Neighborhood Housing, Concord Housing Services, Inc., Niagara Falls New Iberia Neighborhood Housing Services of Nashville Battle Creek Laconia Area Community Land Trust, Inc., Opportunities for Chenango, Inc., Norwich Oklahoma City, Inc., Oklahoma City Chattanooga Neighborhood Southwest Solutions, Detroit Laconia PathStone, Rochester Enterprise, Inc., Chattanooga Maine Neighborhood Housing Services of Rural Ulster Preservation Company, Inc., Oregon Knox Housing Partnership, Inc., Knoxville Avesta Housing Development Corporation, Minnesota Greater Nashua, Inc., Nashua Kingston Portland NeighborImpact, Bend United Housing, Inc., Memphis Aeon, Minneapolis NeighborWorks® Greater Manchester, St. Lawrence County Housing Council, Community Concepts, Inc., South Paris Manchester Inc., Canton Portland Housing Center, Portland Community Neighborhood Housing Previous Next Texas Kennebec Valley Community Action Services, Inc., St. Paul Syracuse Model Neighborhood REACH Community Development, Inc., Program Housing Services, Waterville New Jersey Corporation, Syracuse Portland Affordable Homes of South Texas, Inc., Dayton’s Bluff Neighborhood Housing McAllen Services, Inc., St. Paul Affordable Housing Alliance, Inc., Eatontown Troy Rehabilitation & Improvement Umpqua CDC, Roseburg Program, Inc., Troy Alamo Area Mutual Housing Maryland Midwest Minnesota Community Brand New Day, Inc., Elizabeth Williamette Neighborhood Housing UNHS NeighborWorks HomeOwnership Association, Inc., San Antonio Cumberland Neighborhood Housing Development Corporation, Detroit Lakes Housing and Neighborhood Services, Corvallis Center, Utica Avenue Community Development Services, Inc., Cumberland Neighborhood Housing Services of Duluth, Development Services, Inc., Orange West Side Neighborhood Housing Corporation, Houston Montgomery Housing Partnership, Inc., Inc., Duluth Housing Partnership for Morris County, Pennsylvania Silver Spring 35 36 Services, Inc., Buffalo BCL of Texas, Austin 35 36 35 36 Neighborhood Housing Services of Dover Neighborhood Housing Services of Neighborhood Housing Services of Minneapolis, Inc., Minneapolis Fifth Ward Community La Casa de Don Pedro, Inc., Newark Greater Berks, Inc., Reading Redevelopment Corporation, Houston Baltimore, Inc., Baltimore Southwest Minnesota Housing North Carolina St. Joseph’s Carpenter Society, Inc., Neighborhood Housing Services of Foundation Communities, Austin Salisbury Neighborhood Housing Partnership, Slayton Camden Charlotte-Mecklenburg Housing Lackawanna County, Scranton i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21Services,22 23 Inc.,24 Salisbury25 26 27 28 29 30 31 32 33 34 Partnership, Inc., Charlottei 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618Laredo-Webb1719 18201921 Neighborhood2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Neighborhood Housing Services of Housing Services, Inc., Laredo St. Ambrose Housing Aid Center,Previous Baltimore Next DHIC, Inc., Raleigh Mississippi New Mexico the Lehigh Valley, Inc., Allentown Durham Community Land Trustees, Durham Neighborhood Housing Services of Hope Enterprise Corporation, Jackson Homewise, Inc., Santa Fe NeighborWorks® Western Pennsylvania, Dimmit County, Inc., Carrizo Springs Massachusetts Mountain Housing Opportunities, Inc., Pittsburgh i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24Navajo25 Partnership26 27 for Housing,28 Inc.,29 30 31 32 33 34 35 36 i 1i 21 32 43 54 65 76 87 98 109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 Asheville Neighborhood Housing Services of Cambridge Neighborhood Apartment Missouri Gallup New Kensington Community San Antonio, Inc., San Antonio & Housing Services, Inc., Cambridge Development Corporation, Philadelphia Beyond Housing/Neighborhood Housing Tierra del Sol Housing Corporation, NeighborWorks® Waco, Waco Chelsea Neighborhood Developers, Inc., Services of St. Louis, St. Louis Anthony North Dakota Chelsea Nueces County Community Action Agency, Neighborhood Housing Services of CommunityWorks North Dakota, Mandan Puerto Rico Corpus Christi Coalition for a Better Acre, Lowell 35 36 Kansas City, Inc., Kansas City Ponce Neighborhood Housing Services, Tejano Center for Community Concerns, Codman Square Neighborhood i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Utah 2010 Financial Summary NeighborWorks® Provo, Provo Neighborhood Reinvestment Corporation (d.b.a. NeighborWorks® America) NeighborWorks® Salt Lake, Salt Lake City Condensed Statement of Financial Position Period ended September 30, 2010

Vermont Central Vermont Community Land Trust, Condensed Statement of Financial Position Revenue, Gains and other Support Inc., Barre Assets Champlain Housing Trust, Burlington Cash and cash equivalents $ 98,165,565 Congressional appropriation $ 288,940,135 Gilman Housing Trust, Inc., Lyndonville Contributions receivable 2,210,332 Contributions 11,555,170 NeighborWorks® of Western Vermont, West Rutland Grand and contract receivable 1,811,591 Grants and contracts 7,910,806 Windham Housing Trust, Brattleboro Other receivables 236,298 Training registration fees 2,843,442 prepaid expenses and other assets 663,735 Investment income 423,375 Virginia Total current assets $ 103,087,521 Other income 764,363 AHC Inc., Arlington Total revenue, gains and other support $ 312,437,291 Community Housing Partners Corporation, Christiansburg Cash held for long term investments $ 2,500,000 Contribution receivable, net of current portion 1,500,000 Expenses Previous Washington Next Property and equipment, net 6,712,543 Grants and grantPrevious commitmentsPrevious $ 235,026,083 NextNext Central Area Development Association, Total non-current assets $ 10,712,543 Management and general Seattle (add personnel, prof services, Community Frameworks, Spokane Total Assets $ 113,800,064 occupancy, travel, conf & wkshops) 65,528,496 HomeSight, Seattle NeighborWorks® of Grays Harbor County, Liabilities and Net Assets Other operating costs 8,035,642 Aberdeen Liabilities Depreciation and amortization 1,372,299 Accounts payable and accrued expenses $ 9,494,408 Total expenses $ 309,962,520 West Virginia Grants payable - foreclosure prevention 61,309,638 CommunityWorks in West Virginia, Inc., Charleston Previous Deferred revenue: 14,256,633 NextChange in net assets $ 2,474,771 Fairmont Community Development Total current liabilities $ 85,060,679 Net assets, beginning of year 24,792,502 Partnership, Inc., Fairmont Net assets, end of year $ 27,267,273 HomeOwnership Center, Inc., Elkins Accounts payable and accrued expenses $ 400,000 Deferred rent liability 1,072,112 Wisconsin NeighborWorks America is pleased to report that it has not only received Housing Resources, Inc., Milwaukee Total noncurrent liabilities $ 1,472,112 its Annual Audit Report with the expected unqualified (or “clean”) findings, but also, for the fifth consecutive year, did not receive a management letter. Neighborhood Housing Services of Total Liabilities $ 86,532,791 An audit management letter contains observations and recommendations 35 36 Beloit, Inc., Beloit 35 36 35 36 related to internal controls where improvements should be made that are Neighborhood Housing Services of Net Assets not required to be contained in the audit report. This is a great testament Richland County, Inc., Richland Center to the diligence, detail orientation and efforts of NeighborWorks’ leadership Neighborhood Housing Services of Unrestricted net assets $ 12,349,565 and financial team in ensuring that the organization complies with all of the i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Southeast Wisconsin, Inc., Racine Temporarily restricted net assets 12,417,708 policies, standards and regulations that govern its operations and financial Previous Next reporting. NeighborWorks® Green Bay, Green Bay Permanently restricted net assets 2,500,000 Select Milwaukee, Inc., Milwaukee The 2010 Financial Summary was compiled from the annual audit of i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Total35 Net 36Assets i 1$i 27,267,27321 32 43 Neighborhood54 65 Reinvestment76 Corporation87 98 (d.b.a.10 NeighborWorks9 1110 America).1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 Total Liabilities and Net Assets $ 113,800,064 Audited financial statements are available at www.nw.org Wyoming Wyoming Housing Network, Caspar

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Board of Directors Officers

Chair Eileen M. Fitzgerald Jeffrey T. Bryson The Honorable Thomas J. Curry Chief Executive Officer General Counsel/Secretary Director, Federal Deposit Insurance Corporation Paul Kealey Michael L. Forster Acting Chief Operating Officer Chief Financial Officer Vice Chair The Honorable Julie L. Williams Division and Office Directors First Senior Deputy Comptroller and Chief Counsel, Rebecca Bond John McCloskey Office of the Comptroller Financial Planning, Acting Director, Training of the Currency Analysis and Contracts Christine Poward The Honorable John E. Bowman Robert Burns Interim Director, Acting Director, Field Operations Development and Communications Office of Thrift Supervision Leila Finucane Edmonds Barbara Richard Previous The Honorable Christiane Gigi Hyland NationalNext Initiatives Corporate Planning, PreviousPrevious NextNext Board Member, and Applied Research Performance and Strategy National Credit Union Administration Jeanne Fekade-Sellassie Zewdneh Shiferaw The Honorable Sarah Bloom Raskin National Foreclosure Mitigation Controller, Finance Member, Board of Governors, Counseling Program Federal Reserve System Steven Tuminaro Tayna Frett Public Policy The Honorable Raphael Bostic Administrative Services and Legislative Affairs Assistant Secretary, and Facilities Previous Next Policy Development and Research, Frederick Udochi U.S. Department of Housing and Ron Johnston Internal Audit Urban Development Organizational Assessment Priscilla Vazquez Thomas Lyons Human Resources Information Management 35 36 35 36 35 36 District Directors

John Santner, Margaret Frisbee i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Regional34 Director Pacific District i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous GreatNext Lakes District North Central District Gary Wolfe Rocky Mountain District i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18Deborah19 Boatright20 21, 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Regional Director Donald R. Phoenix Northeast District Southern District New England District

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i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Previous NeighborWorksNext America 1325 G Street NW • Suite 800 • Washington, DC 20005 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 202.220.230018 19 20 • www.nw.org21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

NeighborWorks® is a registered service mark for the neighborhood revitalization and educational services offered by NeighborWorks® America, its related capital corporations, and a national network of private/public partnerships, including neighborhood housing services, mutual housing associations, and similar community-based development ® organizations. It identifies the provider of those35 36 services as a member of the national NeighborWorks network. NeighborWorks® America is the trade name for the Neighborhood Reinvestment Corporation.

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