2014 ANNUAL REPORT MORE THAN TWO DECADES GUIDING HOME

8,498 42 10% Households Participated in Professionals Trained or More Than in 2013 Home Stretch Homebuyer 64% Certified as Homeownership Education or Counseling Avoid Advisors Foreclosure

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2014 hocmn.org for more info 2,750 254 Households Received Real Estate Agents Foreclosure Prevention Received Continuing Counseling Education Credits

Using a range of resources, including real In 2014, the Center estate data, academic research and focus became one of group results, the Center released its “State of only 39 HUD Homeownership” report offering a comprehensive intermediaries in the look at homeownership Minnesota in a post-foreclosure country. With 19 members of crisis environment. With the report, the Center was able to the Homeownership Advisors reemphasize the timeless core values of homeownership. Network as subgrantees, the Extensive traditional and social media coverage allowed us to set Center applied for and received the stage for conversations about the future of homeownership over $555k in our first HUD in Minnesota and the importance of our work helping Minnesota HUD Intermediary Housing Counseling grant. families and our industry partners, make smart, informed choices. State ofState Homeownership

HOMEOWNERSHIP OPPORTUNITY ALLIANCE: Creating homeownership opportunities for households of color was fundamental to the inception of the Homeownership Center and remains core to our mission. Tragically, Minnesota continues to have one of the worst homeownership gaps in the country. In partnership with housing and lending leaders from across the state, in 2014 the Center established the Homeownership Opportunity Alliance with the intent of addressing systemic issues in the industry that contribute to the gap.

September, 2014: The Consumer Financial Protection Board (CFPB) appoints Julie Gugin, Executive ! Director of the Minnesota Homeownership Center, to its Consumer Advisory Board.

FINANCIAL OVERVIEW FUNDRAISING

Individual Donors Income Total: $2,273,929 Cecile Bedor Thomas Hodnefield Carlos Rivera Christine Berger Nancy Hostetler Bill Sarvela Matthew Clysdale David Lindstrom Stephen Seidel 17% Other * 3% Joseph Collins Marcia Malzahn Missy Thompson In-Kind Doug Dylla Melissa Manderschied Kate Tilney 62% Grants & 19% Tom Fulton Kathy Misson Chris Tschida Contracts Contributions Muffie Gabler Ana Moreno Lawrence Wilford Laura Grevas Ed & Gema Nelson Pam Zagaria Shirley Gugin Cherre Palenius Twila Hanks Robin Peterson

*Other Income includes loan repayments, Up to $9,999 sales of Home Stretch manuals, interest Affordable Homes Bremer Bank Minnesota Mortgage and earned income. Congress Association Coldwell Banker Burnet Bank of the West SFM HRK Foundation Expense Total: $2,480,449 Bell Mortgage Foundation $10,000 to $49,999 7% Management & Ameriprise Financial Greater Minnesota TCF Foundation General Housing Fund BMO Harris Bank The St. Paul Foundation Jay and Rose Phillips 91% F.R. Bigelow Foundation Program Family Foundation of Services Family Housing Fund Minnesota 2% $50,000 to $99,999 Fundraising City of St. Paul Planning and U.S. Bancorp Foundation Economic Development and U.S. Bank Family Housing Fund Financial for Lutherans Foundation Otto Bremer Foundation USDA Rural Development NET ASSETS 2013: $3,138,825 Target Foundation

NET ASSETS 2014: $2,932,305 Over $100,000 City of , Community Minnesota Housing CHANGE Net Assets: -$206,520 Planning and Economic Development U.S. Department of Housing and Urban Development Hennepin County Wells Fargo For a detailed balance sheet, click here. The McKnight Foundation

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