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Moving Communities 2012 Annual Forward with Report Local Solutions From the Board Chairman and Chief Executive Officer

Dear Friends, The last year was one of challenge and opportunity for NeighborWorks America. It was also a year in which we were reminded of the power of partnership. NeighborWorks America supports a network of more than 235 organizations through grants and technical assistance and provides training and foreclosure intervention assistance to thousands more around the country. These resources strengthen communities by finding local solutions to the problems they face as a result of continued economic hardship. As we prepared to publish this annual report highlighting last year’s achievements, we were gratified by the confidence our partners demonstrated in NeighborWorks America. This confidence is based, we believe, on our ability to reach into communities with professionals of the highest caliber; people who are able to bring ambitious, high impact We hope you enjoy projects to scale quickly. Our ability to measure the impact of our work on our first digital annual communities is unparalleled in the field. Moreover, NeighborWorks’ capacity report. Its click-through to adapt to new, constantly evolving circumstances, to learn from the format provides the sweeping reach of our network, and to share that learning effectively, speaks loudly to how we accomplish our mission. Board Chair Sarah Bloom Raskin (above) ability not only to read and CEO Eileen M. Fitzgerald (below) about some of our 2012 As this annual report clearly conveys, NeighborWorks is achieving results. In 2012, NeighborWorks America and the NeighborWorks network generated more than $4.68 billion in public accomplishments, but and private investment and assisted more than 300,000 families with their housing needs. NeighborWorks also to view videos trained close to 13,000 housing and community development professionals who returned to their about those benefiting communities to make a real and lasting difference. Our efforts to help families and communities weather from our work. the foreclosure crisis include the National Foreclosure Mitigation Counseling program, which has served 1.5 million homeowners since its inception. Moreover, our philosophy of promoting sustainable homeownership continues to pay dividends for families and communities as we continue to assist new homebuyers. In fact, a new study has found that homebuyers who receive NeighborWorks pre-purchase housing counseling and education are nearly one-third less likely to fall behind 90 days or more on their mortgages within two years of origination than other homebuyers. This past year NeighborWorks was fortunate to benefit from the service of two exemplary board chairs. We thank Thomas Curry and Christiane Gigi Hyland for their dedication, leadership, and vision. They helped us create a stronger foundation from which to build in the years ahead. As NeighborWorks enters its 35th year, we have much to celebrate. We hope that you will join us as we work to make housing opportunities available for lower-income people and create healthy, sustainable neighborhoods that people are proud to call home.

Eileen M. Fitzgerald Sarah Bloom Raskin Chief Executive Officer Chairman, NeighborWorks America Board of Directors NeighborWorks America Member, Board of Governors Federal Reserve System

1 The NeighborWorks

Impact: Far-Reaching,

Effective, Life-Changing 2012 Highlights Investments

N eighborWorks America: B ELIEVES in the power of community development Families & Professionals Communities PROVIDE S resources to change lives Individuals 20,045 training $4.68 billion investment CRE certificates awarded to leveraged on the ground by ATES affordable homeownership 1.52 million received and rental opportunities community development NeighborWorks network National Foreclosure professionals Mitigation Counseling $82.5 million in STRENGT the District ofHEN ColumbiaS communities and Puerto in all Rico 50 states, since 2007 12,570 professionals NeighborWorks grants learned skills to better serve to local and regional 305,100 assisted by low-income families NeighborWorks organizations NeighborWorks network 10,000 homeownership 1.23 million volunteer 18,500 homeowners education and counseling hours spent improving preserved their homes certificates awarded communities

15,000 became new 3,754 organizations 26,700 jobs created homeowners received training and maintained

102,000 rental homes owned and managed

2 3 NextStepUS: Headed to breakout Identifying Solutions session to create a stellar three- to five-year career Through Education and Training strategy. Any other Millenials with me? #CincyNTI #NextGenCD @neighborworks

Throughout 2012, Professional training certificates earned NeighborWorks America 20,045 Solutions-Focused Symposia helped nonprofits and government staff identify and Four symposia, held at the NeighborWorks Training Institutes, sparked innovative thinking on Individuals awarded certificates implement solutions in their 12,570 the nation’s most pressing community and revitalization topics. The ideas generated at the local communities through symposia inspired participants to implement spin-off solutions tailored to their communities. national NeighborWorks + Homeownership education & counseling certificates Training Institutes, 10,000 customized local training and Building on Strength: Invigorating Business Models for online learning. Participants Foreclosure counseling-related training certificates Affordable Rental Housing in a New Era Washington, D.C. went back into their 2,737 familytreegirl: RT @llhassan: Michael Bodaken, National Housing Trust communities and put their Affordable housing development, asset education to work. + management & construction management we can’t have economic recovery without housing 2,400 certificates recovery. NWAffordableHousing @neighborworks + Community revitalization, community economic development & resident engagement certificates 2,100 Reclaiming the Vision of Homeownership: Challenges and Solutions Los Angeles + 3,754 1,700 Nonprofit management & leadership certificates @EMSpeck: Participating Why buy a home? 81% think homeownership is a Organizations 864 Financial capability coaching certificates good investment #ReclaimHomeownership Home Equity Conversion Mortgage & Municipalities counseling training certificates From Surviving to Thriving: Communities Recharged 427 by the Power of Resident Leadership New Orleans Energy efficiency & healthy homes practices SarahMcGreenb: training certificates 347 Biggest surprise from @neighborworks Resident Leadership symposium in New Orleans today? How many young people were in the audience! #cbonw

4 5 Online Learning Training and Supporting

NeighborWorks America’s online educational offerings Resident Leaders enable professionals to develop new knowledge and NeighborWorks Community Leadership Institute skills while working around personal schedules and (CLI) strengthens the voices and skills of resident conserving travel budgets. and volunteer leaders from communities served Module-Based eLearning Courses by NeighborWorks organizations and their In 2012, Module-Based eLearning was expanded to strategic partners. include 21 courses in seven different content areas, An Achieving Excellence session at More than 750 resident leaders attended our FY2012 enabling participants to earn 5,116 training certificates. the Kennedy School of Government Kansas City CLI event. After three days of leadership at Harvard University NeighborWorks Virtual Classroom workshops and community project “action planning,” the David Haiman is among the experienced CLI instructors. The newest product, Virtual Classroom, allows learners leaders went back to their communities and implemented to interact online with an expert faculty member and Achieving Excellence: their plans. Local teams leveraged small seed grants to fellow participants. Advancing Organizational generate investments of more than $1 million in community Impact improvement efforts. NeighborWorks offers seven Virtual Classroom courses, In 2012, NeighborWorks celebrated the including three additions in 2012: grant proposal writing, 10th anniversary of the NeighborWorks home equity conversion mortgage counseling, and one Achieving Excellence in Community on exit strategies for low-income housing tax credit Development Program. A collaboration The impact of the Community Leadership Institute on community leaders and projects. with Harvard University’s Kennedy School of Government, Achieving therefore communities is unparalleled. Excellence is an 18-month organizational transformation program for a select group Paul Bradley, president and CEO of ROC (Resident Owned Communities) USA of seasoned professionals.

The proven results of this innovative program demonstrate that it is among the most powerful, high-impact programs for organizations working to benefit their communities. More than 70 percent of the most recent class reported either “significant” or “profound” improvement Brightening the in their capacity to act as a catalyst for Neighborhood positive change. For example, staff from More than 100 residents Boston-based Urban Edge applied the worked together to create an strategic tools and approaches learned intergenerational street mural. through the Achieving Excellence It was the result of a CLI action program, to turn a budget deficit into a 20 plan created by participants from percent surplus for two years in a row. Cabrillo Economic Development Corporation in Ventura, California.

6 7 Delivering Affordable Homeownership Solutions

2012 NeighborWorks Accomplishments In Santa Fe, New Mexico, • 15,000 families and individuals became new homeowners Andrea Slatopolsky teaches • 18,500 homeowners preserved their homes a Financial Fitness for Life class at the Homewise • 121,900 families and individuals received pre- and post- HomeOwnership Center. purchase education and counseling services

NeighborWorks HomeOwnership Centers Offer Sustainable Solutions NeighborWorks Makes a There are now 106 NeighborWorks HomeOwnership Centers Difference in Homeownership across the United States that provide customers with all of the Sustainability counseling services, products and training necessary to shop for, purchase, renovate, insure, maintain and manage a home. Homebuyers who receive WATCH NeighborWorks pre-purchase In 2012, with support from the Wells Fargo Housing Foundation, “Homeownership the housing counseling and education NeighborWorks America hosted a forum on homeownership NeighborWorks Way” are nearly one-third less likely to or click here to view fall behind 90 days or more on program sustainability. Many HomeOwnership Center staff their mortgages within two years benefitted from the sharing of new business models. on YouTube of origination than those who don’t receive it. VieW Report

Unity Council Homeownership WATCH Center staff provide first time “NeighborWorks homeownership opportunities for Anchorage: Around Oakland, California, residents. the Kitchen Table” or click here to view on YouTube

8 9 Our CityLIFT experience at The Unity Council in Oakland, California, helped us: • Buy and finance our first house Commitment to Rural • Educate ourselves about homeownership • Create a realistic budget During 2012, the 91 NeighborWorks organizations within • Be more confident about our financial future the Rural Initiative generated more than $330 million in • Have faith in the community direct investments into rural communities across the • Establish a good foundation for our family United States and directly assisted more than 10,000 rural • Believe in ourselves in spite of the challenges families with new home purchases, repairs to existing we faced With financial counseling and Jason and Heather Hurst became homes, and quality affordable rental homes. homeownership programs from first-time homeowners in the We sincerely thank you for making it possible for our dream to come true. Your organization truly makes a the Primavera Foundation, the Germantown neighborhood of difference in the lives of people like us. High-Quality Manufactured Homes Ortiz family purchased a three- Philadelphia through CityLIFT. NeighborWorks America has been instrumental in the bedroom manufactured home in Arizona. Sincerely, development of Next Step, a Kentucky-based nonprofit John and Tina Zabala that increases access to affordable factory-built housing LIFT Collaboration in underserved rural areas. Started by Stacey Epperson, Helps Communities former executive director of NeighborWorks member Tackle Difficult Frontier Housing and a graduate of the NeighborWorks Achieving Excellence in Community Development Challenges program, Next Step’s 18 network members include 12 NeighborWorks organizations. Member organizations During 2012, NeighborWorks The LIFT programs, a collaboration between Wells manage construction time and costs by employing local America administered more than Fargo and NeighborWorks America, are creating subcontractors, and because Next Step factory-built $75 million in community investment a path toward sustainable homeownership and homes are Energy Star rated, cash-strapped homeowners for sustainable housing through the community stabilization that’s grounded in making also benefit from lower energy bills. NeighborhoodLIFTSM and CItyLIFTSM programs in collaboration with responsible buying choices. Wells Fargo. Kimberly Jackson, Wells Fargo Housing Foundation

WATCH WATCH “NeighborhoodLIFT “Next Step: Energy Star Partnership” Manufactured Homes” or click here to view or click here to view on YouTube on YouTube

10 11 Affordable Rental Solutions: Stable Families, Strong Communities

Affordable Rental Solutions: Brookridge couples Stable Families, Strong Communities attractive living spaces In Florida, a complete with supportive services. green rehabilitation In 2012, the network acquired, developed or preserved 13,000 homes, of Emerald Villas by stimulating its multifamily investment of $1.2 billion in communities. NeighborWorks affiliate The NeighborWorks network now owns and manages more than Orlando Neighborhood Rental Solutions for Individual Needs Improvement is a shining 102,000 quality, sustainable rental homes. example of transforming The Brookridge Apartment in Raleigh, North Carolina, Related entities – Community Housing Capital and NeighborWorks blight to opportunity. exemplifies the way NeighborWorks organizations create Capital – provided significant real estate financing support to the Living at Brookridge Before its 2012 makeover, affordable rental housing for people who have special which was accomplished network in 2012, providing a combined $59 million in loans to 32 has allowed me to take needs. Developed by DHIC, Inc., the apartment provides by a private/public NeighborWorks network organizations. advantage of a second partnership, the permanent supportive housing for single men and women apartment development NeighborWorks advanced industry and network strength in asset who are formerly homeless or who are getting by on chance opportunity to was in foreclosure with management by conducting 39 courses for 835 professionals, extremely low incomes. rebuild my life, my finances a 70 percent vacancy conducting a joint meeting of asset management professionals and rate. Today it offers 264 Brookridge’s 40 residents have demonstrated a commitment and me … as a person. resident service managers, and holding three clinics with network energy-efficient homes. to rebuilding their lives and addressing personal barriers. members to assure sound portfolio management. In addition, Lemonte Montague DHIC developed this community in partnership with Wake NeighborWorks invested $3 million in capital to improve property County Human Services, which provides an on-site social performance with 16 organizations. worker to assist residents with securing supportive services that are essential to meeting daily living needs. Through its Resident Services Initiative, DHIC ensures that Brookridge residents have access to community programs, educational scholarships and social activities. Washington Dunbar Homes in South Bend, Indiana, includes the historic renovation of Historic Dunbar Corner into 15 apartments and newly constructed West Washington Place, providing an additional 65 apartments. Developed by NeighborWorks member South Bend Heritage Foundation, Dunbar Homes offers residents financial education and homeownership classes, as well as geothermal heat to help reduce utility bills.

“Really this is the closest thing to me owning my own home, the renovations have made a big change, the floors in the kitchen and the new cabinets are probably my favorite part of the changes. I am very proud of my apartment,” reports Mavis, a resident.

12 13 Solutions for Advancing Green and Healthy Communities

NeighborWorks green and healthy communities initiatives Introducing the transform not only the physical environment where residents TM live and work, but also their quality of life, personal health, Green Organization Designation

and sense of empowerment. The initiatives include a new The NeighborWorks Green Organization program recognizes Developed by Foundation green designation program for NeighborWorks organizations, NeighborWorks network members for their comprehensive Communities of Austin, Texas, We applaud the efforts of technical assistance grants, and a comprehensive green commitment to sustainable operations. Each organization has M Station is considered the “greenest apartment complex NeighborWorks to help curriculum of coursework with a certification program. In 2012, incorporated healthy and sustainable principles across their in Texas,” having received NeighborWorks America: transform communities into business operations and throughout their lines of business. a Leadership in Energy and healthier places to live and • Launched an initiative to encourage NeighborWorks NeighborWorks announced the first group of 16 designees in Environmental Design (LEED) organizations to adopt green practices in every facet of their 2012 and will be granting new designations annually. Platinum rating. The 150-home work. Through innovative mixed-income development operations programs like the Green One of the designees, Rural Ulster Preservation Company in offers after-school and summer • Awarded more than $1.1 million in green technical assistance Kingston, New York, embraces Smart Growth and incorporates programs for children, financial Organization designation, education for adults, and is grants to help build green operations and programming other sustainability principles throughout its operations and residents and communities will within walking distance of a • Awarded 347 training certificates in energy efficiency and lines of business. Grants from NeighborWorks America and MetroRail station. benefit from a more healthful healthy homes practices other partners have allowed this NeighborWorks organization and sustainable lifestyle. • Facilitated a green peer-sharing group that includes more than to build high quality, affordable, and ecologically friendly homes. 80 network members Kerry Sullivan, President, Bank of America Charitable Foundation

WATCH “Green Leaders – Building Healthy Communities” or click here to view on YouTube "The greenest apartment complex in Texas"

14 15 Innovative Solutions Build Financial Capabilities Schedule: Taking A $5 million national demonstration Financial Capability Project The Financial Capability Demonstration Project aimed at expanding the capacity of nonprofits to provide served as a rich learning laboratory about what it Control of Your Students show off their savings financial coaching services to low- and moderate-income takes to launch, enhance and increase the scale of Finances: 4-Week certificates from the Viking people concluded in 2012. This two-and-a-half-year project financial coaching programs nationally. The project Advantage matched-savings was the result of an innovative partnership between Citi also offered promising practices and strategies Session Individual Development Account Foundation and NeighborWorks America. regarding the best ways to assist organizations program, offered by St. Louis- in integrating outcome evaluation into program based NeighborWorks member The initiative introduced NeighborWorks’ newly developed Beyond Housing. Since 2008, delivery, in order to better understand the impacts financial capability curricula and Success Measures evaluation Viking Advantage has helped of financial coaching for low- and moderate-income tools to more than 400 practitioners from organizations across more than 150 Normandy School individuals and families over time. high school and college students the country. In addition, over a two-year period, the partnership build more than $200,000 in provided grant support and an integrated set of training, A second phase of the Financial Capability Project savings for college expenses. technical assistance, peer learning and evaluation services to is launching in 2013. This phase will focus on a learning cohort of 30 “best in class” nonprofit organizations expanding NeighborWorks financial capability that were initiating new or scaling existing financial coaching training opportunities, scaling up the reach of programs. Success Measures financial capability tools, and engaging policy and other thought leaders to advance this work throughout the nation.

The Neighborhood Developers (TND) in Chelsea, Massachusetts, helps residents like Claudia Cifuentes become homeowners through its matched savings WATCH program. Participants that qualify for the program meet one on one “Strengthening Financial with a financial coach and begin Capability Services for setting aside funds each month Low-Income Americans” to use toward the down payment by clicking on the image, for a new home. Cifuentes or click here to view achieved her savings goal and recently purchased one of TND’s on YouTube affordably priced condominiums. She is pictured here with her daughter Natalia.

16 17 Finding Solutions to Mitigate Foreclosures

Diego Tapia, of Hispanic Association National Foreclosure Mitigation Counseling of Contractors and Enterprises in Philadelphia, was one of six Throughout 2012, NeighborWorks continued to provide counseling to recipients of a foreclosure counselor thousands of homeowners at risk of foreclosure through its National award given by NFMC. Foreclosure Mitigation Counseling (NFMC) Program. The program has The hard work reached 1.52 million families since it was established by Congress in of foreclosure December 2007. Counselors: The Front Lines of counselors makes a NeighborWorks awarded $73.8 million in 2012 in NFMC funding to Foreclosure Prevention real difference in the state housing finance agencies, HUD-approved housing counseling intermediaries, and community-based NeighborWorks organizations to In March 2012, NeighborWorks America joined with HUD to lives of homeowners provide foreclosure counseling to families and individuals. honor 11 housing counselors selected by the White House as searching for ways “Champions of Change.” The honorees were recognized as According to independent research from the Urban Institute, homeowners to overcome financial representative of the excellence and commitment of housing who seek to avoid foreclosure through mortgage modification achieve counselors across the country. View video distress that could higher degrees of success when working with NFMC counselors than do lead to foreclosure. those who seek modifications without NFMC assistance.Vi eW Report Later in the year, the NeighborWorks National Foreclosure They are, indeed, Mitigation Counseling Program Counselor Awards recognized the contributions of outstanding foreclosure counselors. champions of change Loan Modification Scam Alert Campaign and are leading the In 2012, the NeighborWorks Loan Modification Scam Alert Campaign way to stronger reached millions through the nationally syndicated Tom Joyner Morning 2012 Outreach Successes Show radio program and Lea Thompson’s Retirement Living Television. communities across The campaign continues to reach out to homeowners through sharing print • Partnered with the U.S. Department of Treasury and Hope the country. and online resources. Now in hosting 14 borrower outreach events that served A passerby signs up for more more than 11,800 homeowners in financial distress. information on the Loan Scam Alert campaign at a recent outreach event. Eileen Fitzgerald, CEO, NeighborWorks and its partners on the Anti-Fraud Campaign Coordination Participants included 150-plus housing counseling agencies NeighborWorks America Committee combine efforts to prevent and combat various forms of fraud and 1,300-plus community volunteers. that target homeowners who are trying to secure a loan modification. • Managed the “Right People” foreclosure advertising Comprised of federal agencies, national associations and nonprofit campaign in conjunction with the Ad Council. Using more representatives, the committee uses a joint database for collecting and than $18 million of donated media, the public education sharing complaint information that has led to prosecutions of scammers. and awareness campaign delivered more than 170 million impressions.

18 19 Delivering Solutions to Stabilize Communities

The devastating effects of the Young families, such as this foreclosure crisis that swept through the United States mother and her two babies, Pat Cann saved her home through a mortgage continue to reverberate in communities from coast to coast. moving into renovated homes rate deduction via network member NeighborWorks is actively partnering with civic leaders, community in Camden, New Jersey, is New Kensington Community Development As a long-term partner, Corporation in Philadelphia. Preventing organizations and financial institutions to deliver much-needed tools, a good sign for recovering foreclosures is critical to community NeighborWorks America’s communities. Renovation information and resources to assist hard-hit communities. More than stabilization. support, vision and 160 NeighborWorks network organizations are actively engaged and homebuyer preparation leadership on complicated in efforts to stabilize communities across the country, including was done by NeighborWorks member Saint Joseph’s issues surrounding rehabbing distressed properties, engaging residents, mitigating Carpenter Society. neighborhood stabilization blight, improving public safety, preventing additional foreclosures and promoting market recovery. has been extremely beneficial. NeighborWorks Supports the Stabilization Amy Klaben, President/CEO, of Hard-Hit Communities Homeport, Columbus, Ohio • $1.82 million in grant funding deployed to 64 network organizations to support local stabilization efforts. • 21,867 individuals benefited from training, case studies, program guides and other resources. • 16 NeighborWorks organizations selected to participate in the Neighborhood Marketing Program and receive expert coaching, grant funds, logos and other resources to create and implement neighborhood marketing plans aimed at stabilizing communities by attracting and retaining residents, businesses and investment.

Volunteers prepare to paint a house in one of several “clusters” of homes renovated by Neighborhood before Housing Services of New Haven in New Haven, Connecticut. Through this approach, NHS renovates several homes on a single block simultaneously, increasing after confidence in the future of the neighborhood.

20 21 Stabilizing Communities: The Neighborhood Marketing Program New Castle County, Delaware New Orleans, Louisiana In order to rebuild distressed areas, community stabilization efforts need to do more than restore the Interfaith Community Housing Neighborhood Housing Services housing stock – they also need to make the case for investment by current and future residents, businesses, of Delaware, Inc., of New Orleans, Inc., and stakeholders. At the Clinton Global Initiative America meeting in June 2012, NeighborWorks announced Edgemoor Gardens Freret Neighborhood its commitment to helping communities bolster housing demand and increasing private investment through the Neighborhood Marketing Program.

With local partners representing 16 distinct neighborhoods in 15 states, the program’s focus is reframing perceptions of communities that are struggling with disinvestment and widespread foreclosures. Newark, New Jersey Detroit, Michigan Through branding and marketing campaigns, the participants are instilling pride, uniting residents and La Casa de Don Pedro, Southwest Solutions, promoting their neighborhoods as good places to live, visit and do business. Lower Broadway Neighborhood Hubbard Communities/ Mexicantown

Miami-Dade County, Florida Neighborhood Housing Services of South Florida, Brownsville Neighborhood Great Falls, Montana Camden, New Jersey NeighborWorks Great Falls, St. Joseph’s Carpenter Society, Great Falls Downtown Area East Camden Neighborhood This historic neighborhood, home to many second- and third-generation families, is rallying behind its new tagline, “It’s Better in Brownsville.” The community’s marketing plan – kicked off with a rally that attracted residents of all ages – includes a new interactive website Waco, Texas South Tucson, Arizona and colorful banners that serve to showcase NeighborWorks Waco, The Primavera Foundation, Inc., neighborhood pride and connect its residents. East Waco Neighborhood City of South Tucson

Neighborhood Marketing Program Community Partners

Chicago, Illinois Fitchburg, Massachusetts North Little Rock, Arkansas Columbus, Ohio Neighborhood Housing Twin Cities Community Argenta Community Homeport, Services of Chicago, Inc., Development Corporation, Development Corporation, American Addition Neighborhood West Humboldt Neighborhood Elm Street Neighborhood Baring Cross Neighborhood

Dubuque, Iowa Poughkeepsie, New York New Haven, Connecticut Community Housing Initiatives, Hudson River Housing, Inc., Neighborhood Housing Services Washington Neighborhood Middle Main Neighborhood of New Haven, Inc., Newhallville Neighborhood

22 23 Effective Solutions Build Communities, Engage Residents

Resident engagement is an essential component of effective and sustainable community development. Across the NeighborWorks network, organizations are developing resident Residents came together to paint the A raised-bed garden project led by Neighborhood leaders, facilitating community-building events and supporting Middlebury Street Mural in Goshen, Indiana, of Affordable Housing in East Boston gives a NeighborWorks Community building residents access to healthy food and builds resident-driven initiatives that create strong community project administered by network member community. The project was made possible relationships, responsive organizations and skilled and LaCasa, Inc. in part by a grant and training provided by engaged residents. NeighborWorks. Training and Grants Dorothy Richardson Award Reaches 20-Year Milestone Volunteerism In 2012, NeighborWorks America provided workshops, grants More than 1.2 million volunteer “Don’t ever let the problems and roadblocks divert you from your goal,” and best practice resources to a number of partners. Some hours were contributed in says Crown Heights Neighborhood Group President Rosa Peñaflor 2012 by residents and others examples of this work include projects designed to: from San Diego, California. She brings together area residents, local partnering with NeighborWorks police and staff from nonprofits such as NeighborWorks affiliate • Strengthen community public safety enhancements and organizations across the Community HousingWorks to discuss community concerns and develop country, making significant develop resident leadership to guide stabilization efforts collaborative solutions. In 2012, Peñaflor was one of seven Dorothy Richardson Award winners recognized for outstanding community physical improvements to homes • Support outreach and engagement to seniors and encourage and neighborhoods. During leadership. It was the 20th anniversary of the award. cross-generational work efforts NeighborWorks Week alone, 165 Learn more about the awards NeighborWorks organizations • Enhance resident participation in “green” programming such hosted 237 volunteer events. as community gardening, energy conservation and recycling

More than $190,000 Results: in small seed grants 110 communities generated more used resident than $1 million More than 600 leadership training led WATCH in community residents to implement team “Resident Leadership and improvements. community-based projects NeighborWorks America” local projects or click here to view on YouTube

24 25 Solutions for Building Network Capacity

New to the Network Peer-to-Peer Learning

Membership in the NeighborWorks 235-member network NeighborWorks America promotes the sharing of success San Diego’s Community Housing is a rigorous process. Each year some of the nation’s most stories and best practices through meetings and forums Works (CHW) put the Integrated New member One Roof Community Business Model to work after learning outstanding local housing and development nonprofits apply. held throughout the country. At a 2012 peer-to-peer learning Housing in Duluth, Minnesota, about it at a NeighborWorks Peer- offers affordable housing programs Each member organization benefits from grants, technical session in San Antonio, Texas, an innovative “Integrated to-Peer forum. Today, CHW has and services throughout the Duluth assistance, training and NeighborWorks-facilitated peer-to-peer Business Model” was unveiled to members. seamlessly integrated counseling, metropolitan area. It is active learning opportunities. lending and a nonprofit real estate in homeownership promotion Developed by Homewise, a longtime NeighborWorks member arm to better serve their customers and preservation, asset and In 2012, the following organizations were welcomed to the from Santa Fe, New Mexico, the “Integrated Business Model” and to ensure quality homebuyer property management, real estate NeighborWorks network: creates a win-win for both nonprofit organizations as well as preparation. development, and community their constituencies. The model solution provides prospective building and organizing. A leader • Nevada H.A.N.D., Inc. – Las Vegas, Nevada in Land Trust homeownership homebuyers with a full range of pre-purchase services that are opportunities, last year One Roof • Hope Community Development Agency – designed to increase understanding of the home buying and Biloxi, Mississippi recorded its 300th homebuyer financing process and decrease the chances of default. under the program. • CommonBond – St. Paul, Minnesota • Northwest Michigan Community Action Agency – Traverse City, Michigan Homewise Executive Director • One Roof Community Housing – Duluth, Minnesota Michael Loftin has pioneered an innovative business model for helping homebuyers.

The annual NeighborWorks Executive Director Symposium provides an excellent opportunity for peer sharing.

From left, Gregg Warren, president, DHIC, North Carolina; Don Phoenix, acting field operations director, NeighborWorks America; and Bill Bynum, CEO, Hope Enterprise, Mississippi.

26 27 Measuring the Impact of Success Measures Community-Based Initiatives designed a comprehensive Habitat for Humanity’s outcome evaluation broad reach, with operations framework for Habitat for in more than 1,500 Humanity’s affiliates in the communities and all 50 In 2012, NeighborWorks America’s Success Measures® expanded its work with three national United States, completed a 10-organization pilot partners, continuing to make a difference in communities across the country. For eight years, for local Habitat affiliates to implement an initial states, requires the robust NeighborWorks partners have relied on Success Measures, a specialized outcome evaluation outcome evaluation, and scaled up this evaluation and adaptable evaluation resource for the community development field, to measure the effectiveness of their programs and effort for Habitat’s national neighborhood platform that Success investments. The services of this social enterprise include customized consulting and technical revitalization initiative. Success Measures current assistance, access to indicators and data collection tools to measure program results, and a evaluation services for 79 Habitat affiliates include Measures provides. state-of-the-art web-based system which allows organizations to manage participatory evaluation training and technical assistance and development Stephen Seidel, Senior Director, processes online. of web-based instructional content. These services Global Program Design and support a three-year effort to build the capacity Implementation of Habitat staff to replicate the evaluation with Habitat for Humanity International up to 150 affiliates engaged in neighborhood In collaboration with the Citi revitalization efforts nationwide. Foundation, an innovative financial capability project using newly developed Success Measures We hope [Success indicators and data collection Measures] will inspire the tools took place in 2012. Designed to track changes in consumer sector to embed outcome attitudes and behavior related to measurement as standard Success Measures is providing evaluation services to the Ford Foundation’s financial capability, the new tools practice, ensuring that real- were introduced to more than 400 Metropolitan Opportunity Unit in support of its five-year, $200 million effort to connect practitioners though place-based time client data can be used residents to jobs and opportunities in nine metropolitan regions nationwide. The trainings. These practitioners to promote innovation and evaluation is focused on assessing how systems change related to affordable housing, returned to their communities advance best practice across economic opportunity and land use is occurring in these regions. The results will better with greater knowledge about inform the foundation’s grantmaking strategies and demonstrate progress toward coaching methods and evaluation the field. greater regional equity. tools needed to help low- to Brandee McHale, moderate-income individuals Chief Operating Officer achieve their financial goals. Citi Foundation Success Measures is an invaluable resource for organizations and funders seeking practical, compelling ways to demonstrate the results of their work.

George McCarthy, Director, Metropolitan Opportunity, The Ford Foundation Success Measures Website

28 29 Legacy Leaders Circle 2012 Partners ($5 million+) NeighborWorks America receives a direct annual appropriation from Congress as well as public- and private-sector support. We gratefully Our Five-Year acknowledge the organizations and Strategic Goals institutions that partnered with us in 2012. They play a major role in helping us to make a difference in communities The Dorothy Richardson Society and the lives of hundreds of thousands $1 million - $4,999,999 of individuals and families. Goal 1 NeighborWorks America creates and preserves housing opportunities that are sustainable and affordable.

Goal 2 NeighborWorks America advances comprehensive community development and resident engagement to achieve positive community impact. CEO Circle Goal 3 NeighborWorks America supports a Network of Excellence George Knight Society Friends of NeighborWorks ($500,000 - $999,999) ($100,000 - $249,999) (up to $49,999) of strong, sustainable NeighborWorks organizations that collectively Ford Foundation Fannie Mae Federal Home Loan Bank leverage expertise and effective business models. Freddie Mac of Topeka Goal 4 NeighborWorks America strengthens the knowledge, skills, The 1978 Society HSBC Habib American Bank Hancock Bank and effectiveness of the community development and affordable ($250,000 - $499,999) TD Charitable Foundation JP Morgan Chase National Association of housing field. ® Foundation Community Benefactors REALTORS United Way California Goal 5 NeighborWorks America optimizes its organizational Citi ($50,000 - $99,999) Capital Region performance to achieve its strategic goals. The F.B. Heron Foundation American Express MacArthur Foundation Fifth Third Bank Capital One Property Masters Verizon Foundation

30 31 NeighborWorks Organizations ffices and District O National Headquarters NeighborWorks Regional New Location! & District Offices 999 North Capitol Street, NE Pacific District Northeast Region – Washington, DC 20002 2400 East Katella Avenue Northeast District Phone: (202) 760-4000 Suite 440 80 Pine Street, 32nd Floor www.nw.org Anaheim, CA 92806-5929 New York, NY 10005 Phone: (714) 940-0144 Phone: (212) 269-6553 Fax: (714) 940-0973 Toll Free (877) 494-6247 Fax: (212) 269-4017 Rocky Mountain District One Cherry Center Northeast Region – 501 South Cherry Street New England District Suite 400 855 Boylston Street, 6th Floor Denver, Colorado 80246-3326 Boston, MA 02116-4802 Phone: (303) 782-0299 Phone: (617) 450-0410 Toll Free (877) 316-8881 Toll Free (877) 503-7115 Fax: (303) 782-5568 Fax: (617) 450-0427

Southern District Midwest Region – Kansas City 260 Peachtree Street One Main Plaza Suite #1000 4435 Main Street, Suite 700 Atlanta, GA 30303 Kansas City, Missouri 64111 Phone: (404) 526-1270 Phone: (816) 931-4176 Fax: (404) 526-1271 Toll Free (800) 823-1428 Fax: (816) 714-1291

Midwest Region – Cincinnati 2368 Victory Parkway, Suite 210 Organizations Cincinnati, OH 45206-2810 Phone: (513) 221-4260 District Offices Toll Free (877) 316-8880 Fax: (513) 221-4425 National Office

32 33 Tampa Bay Community Development Federation of Appalachian Housing Neighborhood Housing Services NeighborWorks Organizations (as of June 2013) Corporation Enterprises of the South Shore, Inc. Clearwater Berea Quincy Alabama Neighborhood Housing Services Connecticut Georgia Frontier Housing, Inc. Neighborhood of Affordable Housing, Inc. Morehead East Boston Community Action Partnership of Orange County, Inc. Housing Development Fund, Inc. Atlanta Neighborhood Development of North Alabama, Inc. Anaheim Stamford Partnership, Inc. New Directions Housing Corporation Nuestra Comunidad Development Corp. Decatur Neighborhood Housing Services Mutual Housing Association Atlanta Louisville Roxbury Community Service Programs of the East Bay of Greater Hartford, Inc. NeighborWorks Columbus The Housing Partnership, Inc. Oak Hill Community Development Corp. of West Alabama, Inc. Richmond Hartford Columbus Louisville Worcester Tuscaloosa Mutual Housing Association of Neighborhood Housing Services Resources for Residents and Springfield Neighborhood Housing Southwestern Connecticut, Inc. Louisiana Neighborhood Housing Services of the Inland Empire, Inc. Communities of Georgia, Inc. Services, Inc. Stamford Neighborhood Housing Services of Birmingham, Inc. San Bernardino Atlanta Springfield Birmingham Neighborhood Housing Services of New Orleans, Inc. Neighborhood Housing Services New Orleans The Neighborhood Developers, Inc. Silicon Valley of New Britain, Inc. Hawaii Alaska Chelsea San Jose New Britain Hawaii HomeOwnership Center Providence Community Housing Fairbanks Neighborhood Housing Twin Cities Community Development Neighborhood Housing Services Honolulu New Orleans Services, Inc. Neighborhood Partnership Housing Corp. of New Haven, Inc. Mutual Housing Association Southern Mutual Help Association Fairbanks Services Fitchburg Ontario New Haven of Hawaii, Inc. New Iberia NeighborWorks Anchorage Urban Edge Housing Corporation Neighborhood Housing Services Honolulu Anchorage NeighborWorks HomeOwnership Center Maine Roxbury Sacramento Region of Waterbury, Inc. Idaho Avesta Housing Development Waterbury Arizona Sacramento Neighborhood Housing Services, Inc. Corporation Michigan Comite de Bien Estar, Inc. Peoples’ Self-Help Housing Corporation NeighborWorks New Horizons Boise Portland Habitat for Humanity of Michigan San Luis New Haven Lansing San Luis Obispo Pocatello Neighborhood Housing Community Concepts, Inc. Neighborhood Housing Services Rural Communities Housing Delaware Services, Inc. South Paris Kalamazoo Neighborhood Housing of Phoenix, Inc. Services, Inc. Development Corporation Interfaith Community Housing Pocatello Kennebec Valley Community Action Phoenix Kalamazoo Ukiah of Delaware, Inc. Program Housing Services Neighborhood Housing Services of Illinois Sacramento Mutual Housing Association, Wilmington Waterville Lighthouse of Oakland County Southwestern Maricopa County, Inc. HomeStart (formerly Neighborhood Inc. Pontiac Avondale National Council on Agricultural Life Housing Services of Freeport) Penquis Community Action Program, Inc. Sacramento and Labor Research Fund, Inc. Freeport Bangor Neighborhoods Inc. of Battle Creek The Primavera Foundation, Inc. Self-Help Enterprises Dover Battle Creek Tucson Joseph Corporation of Illinois, Inc. Maryland Visalia Northwest Michigan Community Action Aurora Cumberland Neighborhood Housing District of Columbia Agency, Inc. Arkansas South County Housing Manna, Inc. Services, Inc. Mid Central Community Action Traverse City Argenta Community Development Gilroy Washington Bloomington Cumberland Corporation Southwest Solutions Tenderloin Neighborhood Development Montgomery Housing Partnership, Inc. North Little Rock Florida Neighborhood Housing Services Detroit Corporation of Chicago, Inc. Silver Spring Crawford-Sebastian Community San Francisco Centro Campesino Farmworker Chicago Minnesota Development Council, Inc. Center, Inc. Neighborhood Housing Services The Unity Council of Baltimore, Inc. Aeon Fort Smith Florida City Indiana Oakland Baltimore Minneapolis Universal Housing Development Clearwater Neighborhood Housing LaCasa, Inc. CommonBond Communities Corporation Colorado Services, Inc. Goshen Salisbury Neighborhood Housing Services, Inc. St. Paul Russellville Community Resources and Housing Clearwater Pathfinder Services, Inc. Salisbury Development Corporation Corporation to Develop Communities Huntington Community Neighborhood Housing California Westminster St. Ambrose Housing Aid Center Services, Inc. of Tampa South Bend Heritage Foundation Cabrillo Economic Development Corp. Housing Resources of Western Colorado Tampa Baltimore St. Paul Ventura South Bend Grand Junction Dayton’s Bluff Neighborhood Housing Housing Partnership, Inc. Massachusetts Chinatown Community Development Iowa Services, Inc. Neighbor to Neighbor, Inc. Riviera Beach Cambridge Neighborhood Apartment Center Community Housing Initiatives St. Paul Fort Collins Neighborhood Housing & Development & Housing Services, Inc. San Francisco Spencer NeighborWorks of Pueblo Corporation Cambridge Midwest Minnesota Community Coachella Valley Housing Coalition Neighborhood Finance Corporation Development Corporation Pueblo Gainesville Coalition for a Better Acre Indio Des Moines Detroit Lakes Rocky Mountain Communities Neighborhood Housing Services Lowell Community Housing Development Neighborhood Housing Services Denver of South Florida, Inc. Kansas Codman Square Neighborhood Corporation of North Richmond of Minneapolis, Inc. Miami CHWC, Inc. Development Corp. Richmond Thistle Communities Minneapolis Boulder Orlando Neighborhood Improvement Corp. Kansas City Dorchester Community HousingWorks One Roof Community Housing Orlando Mennonite Housing Rehabilitation HAP, Inc. San Diego Tri-County Housing & Community Duluth Development Corporation Rural Neighborhoods, Incorporated Services, Inc. Springfield Neighborhood Housing Services Southwest Minnesota Housing Fowler Florida City Wichita Lawrence CommunityWorks, Inc. of Los Angeles County Partnership Tallahassee Lenders’ Consortium Lawrence Los Angeles Kentucky Slayton Tallahassee Community Ventures Corporation Madison Park Development Corporation Lexington Roxbury

34 35 Mississippi Housing Partnership for Morris County PathStone Oklahoma South Dakota Gilman Housing Trust, Inc. Hope Community Development Agency Dover Rochester Community Action Project GROW South Dakota Lyndonville Biloxi La Casa de Don Pedro, Inc. Rural Ulster Preservation Company, Inc. of Tulsa County Sisseton NeighborWorks of Western Vermont Hope Enterprise Corporation Newark Kingston Tulsa NeighborWorks Dakota West Rutland Jackson New Jersey Community Capital Syracuse Model Neighborhood Little Dixie Community Action Agency Home Resources Windham & Windsor Housing Trust New Brunswick Corporation Hugo Deadwood Brattleboro Missouri Syracuse Neighborhood Housing Services Beyond Housing St. Joseph’s Carpenter Society Tennessee Virginia Camden Troy Rehabilitation & Improvement of Oklahoma City, Inc. St. Louis Affordable Housing Resources, Inc. AHC Inc. Program, Inc. Oklahoma City Neighborhood Housing Services Nashville Arlington New Mexico Troy of Kansas City, Inc. Homewise, Inc. Oregon Chattanooga Neighborhood Community Housing Partners UNHS NeighborWorks HomeOwnership Kansas City Santa Fe NeighborImpact Enterprise, Inc. Corporation Center North East Community Action Corporation Bend Chattanooga Christiansburg Navajo Partnership for Housing, Inc. Utica Bowling Green Gallup NeighborWorks Umpqua Knox Housing Partnership, Inc. West Side Neighborhood Housing Washington Westside Housing Organization, Inc. Roseburg Knoxville Tierra del Sol Housing Corporation Services, Inc. Central Area Development Association Kansas City Portland Housing Center United Housing, Inc. Anthony Buffalo Seattle Portland Memphis Montana Community Frameworks New York North Carolina REACH Community Development, Inc. NeighborWorks Great Falls Texas Spokane Arbor Housing and Development Charlotte-Mecklenburg Housing Portland Great Falls Bath Affordable Homes of South Texas, Inc. HomeSight Partnership, Inc. Willamette Neighborhood Housing NeighborWorks Montana McAllen Seattle Asian Americans for Equality, Inc. Charlotte Services Great Falls Alamo Area Mutual Housing New York DHIC, Inc. Corvallis NeighborWorks of Grays Harbor County Association, Inc. Nebraska Raleigh Aberdeen Chautauqua Home Rehabilitation San Antonio NeighborWorks Lincoln Pennsylvania and Improvement Corporation Durham Community Land Trustees Lincoln Neighborhood Housing Services Avenue Community Development West Virginia Mayville Durham Corporation CommunityWorks In West Virginia, Inc. NeighborWorks Northeast Nebraska of Greater Berks, Inc. Community Development Corporation Mountain Housing Opportunities, Inc. Houston Charleston Norfolk Reading of Long Island, Inc. Asheville BCL of Texas HomeOwnership Center, Inc. NeighborWorks Omaha Centereach Neighborhood Housing Services Austin/Dallas Elkins Omaha North Dakota of the Lehigh Valley, Inc. Home HeadQuarters, Inc. Allentown Syracuse CommunityWorks North Dakota Fifth Ward Community Redevelopment Wisconsin Nevada Mandan NeighborWorks Northeastern Corporation Housing Resources, Inc. Housing Assistance Program of Essex Neighborhood Housing Services Pennsylvania Houston Milwaukee of Southern Nevada, Inc. County, Inc. Ohio Scranton Foundation Communities North Las Vegas Elizabethtown East Akron Neighborhood Development Impact Seven, Inc. Corporation Inc. NeighborWorks Western Pennsylvania Austin Almena Nevada H.A.N.D., Inc. Housing Resources of Columbia County, Akron Pittsburgh Laredo-Webb Neighborhood Housing Neighborhood Housing Services Las Vegas Inc. Hudson The Home Ownership Center of Greater New Kensington Community Services, Inc. of Beloit, Inc. New Hampshire Cincinnati, Inc. Development Corporation Laredo Beloit Hudson River Housing, Inc. Philadelphia Affordable Housing Education Poughkeepsie Cincinnati Neighborhood Housing Services Neighborhood Housing Services and Development, Inc. of San Antonio, Inc. of Richland County, Inc. Ithaca Neighborhood Housing Services, Homeport Puerto Rico Littleton San Antonio Richland Center Inc. Columbus Ponce Neighborhood Housing CATCH Neighborhood Housing Ithaca Neighborhood Development Services Services, Inc. NeighborWorks Waco NeighborWorks Badgerland Concord Ponce Waco Racine Neighborhood Housing Services Ravenna Laconia Area Community Land Trust, Inc. of New York City, Inc. Neighborhood Housing Partnership San Juan Neighborhood Housing Nueces County Community Action NeighborWorks Green Bay Laconia New York of Greater Springfield, Inc. Services, Inc. Agency Green Bay Santurce Corpus Christi NeighborWorks Greater Manchester Neighborhood Housing Services Springfield Select Milwaukee, Inc. Manchester Tejano Center for Community Concerns of South Buffalo, Inc. Neighborhood Housing Services Rhode Island Milwaukee NeighborWorks Southern Buffalo Houston of Greater Cleveland, Inc. CommunityWorks Rhode Island Wyoming New Hampshire (formerly NeighborWorks Cleveland NeighborWorks Home Resources Providence Utah Wyoming Housing Network Greater Manchester) Olean Neighborhood Housing Services NeighborWorks Provo Casper Manchester NeighborWorks Blackstone River Valley NeighborWorks Rochester of Hamilton, Inc. Woonsocket Provo Hamilton New Jersey Rochester West Elmwood Housing Development NeighborWorks Salt Lake Affordable Housing Alliance, Inc. Niagara Falls Neighborhood Housing Neighborhood Housing Services Corp. Salt Lake City Eatontown Services, Inc. of Toledo, Inc. Providence Vermont Brand New Day, Inc. Niagara Falls Toledo Central Vermont Community Elizabeth St. Mary Development Corporation South Carolina North Country Housing Council Family Services, Inc. Land Trust, Inc. Dayton Housing and Neighborhood Canton North Charleston Barre Development Services, Inc. Opportunities for Chenango, Inc. Champlain Housing Trust Orange Spartanburg Housing Norwich Development Corporation Burlington Spartanburg

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2012 Financial Summary

Neighborhood Reinvestment® Corporation orks America) (d.b.a. NeighborW

Condensed Statement of Financial Position and Leadership Statement of Activities (As of April 2013) Period ended September 30, 2012 Thomas Lyons Officers Information Management

Eileen M. Fitzgerald Christina McHenry Chief Executive Officer Assets Revenues, gains and other support Public Relations Current assets Congressional appropriations $ 216,012,296 Chuck Wehrwein Contributions 21,042,152 Don Phoenix (Acting Director) Cash and cash equivalents $ 96,936,875 Chief Operating Officer Restricted cash - Grant and contracts 3,491,491 Board of Directors Field Operations Training registration fees 2,726,670 Receivables: Investment income 108,437 Michael L. Forster Contributions receivable 1,270,028 Chair Barbara Richard Other income 978,879 Chief Financial Officer Grant and contract receivables 3,824,243 Sarah Bloom Raskin Corporate Planning, Total revenue, gains and other support 244,359,925 Other receivables- Member, Board of Governors Performance and Strategy net of allowance for doubtful accounts of $22,122 in 2011 and 2012 258,799 Jeffrey T. Bryson Expenses Travel advances 4,855 Federal Reserve System Grants and grant commitments 171,010,767 General Counsel/Secretary Prepaid expenses and other assets 886,034 Zewdneh Shiferaw Personnel 36,377,040 Total current assets 103,180,834 Professional services 17,541,724 Vice Chair Controller, Finance Other operating costs 7,443,520 Debbie Matz Noncurrent assets Division and Occupancy 4,860,231 Steven Tuminaro Cash held for long-term investments 2,500,000 Chairman Travel 2,874,232 Contribution receivable, net of current portion - Office Directors Public Policy Conferences and workshops 2,895,450 Property and equipment, net 7,700,769 National Credit Union and Legislative Affairs Depreciation and amortization 1,857,368 Rebecca Bond Total noncurrent assets 10,200,769 Administration Total expenses 244,860,332 Financial Planning, Total assets $ 113,381,603 Frederick Udochi Analysis and Contracts Change in net assets (500,407) Internal Audit Liabilities and Net Assets Board Members Current liabilities Net assets, beginning of year 31,295,773 Jeanne Fekade-Sellassie Accounts payable and accrued expenses $ 32,569,133 Net assets, end of year $ 30,795,366 Thomas Curry National Foreclosure Mitigation Regional and District Grant commitments: Comptroller of the Currency Counseling Program Foreclosure prevention 40,478,393 Office of the Comptroller Directors Core - Brooke Finn (Acting Director) Deferred revenue: of the Currency Deborah Boatright Foreclosure prevention 7,564,448 National Initiatives ® Director, Northeast Region Core 323,322 NeighborWorks America is pleased to report that it has received the Annual Carol Galante and Applied Research Audit Report with the expected unqualified (or “Clean”) audit report. This is a Others 65,500 Federal Housing Administration Marshall Crawford great testament to the diligence, detail orientation and efforts of NeighborWorks’ Tayna Frett Total current liabilities 81,000,796 leadership and financial team in ensuring that the organization complies with all the (FHA) Commissioner and Acting Director, policies, standards and regulations that govern its operations and financial reporting. Administrative Services Noncurrent liabilities Assistant Secretary for Housing Southern District Accounts payable and accrued expenses 500,000 The 2012 Financial Summary was compiled from the annual audit of Neighborhood and Facilities Deferred rent liability 1,085,441 Reinvestment Corporation (d.b.a. NeighborWorks® America). U.S. Department of Housing Margaret Frisbee Total noncurrent liabilities 1,585,441 Sarah M. Greenberg Audited Financial Statements are available at www.nw.org and Urban Development Director, Pacific District Total liabilities 82,586,237 Development Jeremiah O. Norton John Santner Commitments and contingencies Ron Johnston Member, Board of Directors Director, Midwest Region Net assets Organizational Assessment Unrestricted net assets 19,278,178 Federal Deposit Insurance Temporarily restricted net assets 9,017,188 Gary Wolfe Corporation Paul Kealey Permanently restricted net assets 2,500,000 Director, Rocky Mountain District Total net assets 30,795,366 Training Total liabilities and net assets $ 113,381,603 Paula King Human Resources

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