2025-07-09T14:33:41-05:00 2024-12-31 920370318 REDPATH AND COMPANY LLC 400 ROBERT ST N SUITE 1600 ST PAUL MN 55101 990 2024-01-01 411741817 MINNESOTA HOME OWNERSHIP CENTER MINN 6516599336 1000 PAYNE AVENUE SUITE 200 ST PAUL MN 55130 ROXANNE YOUNG KIMBALL PRESIDENT 6516599336 2025-06-17 1 0 CATHY LYDON CPA P03217215 6514267000 2025-06-17 2024 2025-03-06 01:10:19Z ROXANNE YOUNG KIMBALL 1000 PAYNE AVENUE SUITE 200 ST PAUL MN 55130 12544236 0 X WWW.HOCMN.ORG X 1993 MN HOME OWNERSHIP EDUCATION AND COUNSELING. 23 23 14 0 0 0 2883711 4639182 206473 203883 299790 130906 35775 47861 3425749 5021832 635000 585000 0 0 1146711 1389639 24000 27570 39563 2133849 2277036 3939560 4279245 -513811 742587 14260394 15340082 970821 498125 13289573 14841957 X THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. 0 0 3381448 585000 251744 THE MINNESOTA HOME OWNERSHIP CENTER IS A NON-PROFIT INTERMEDIARY ORGANIZATION DEDICATED TO HELPING MINNESOTANS WITH LOW AND MODERATE INCOMES TO PURCHASE AND MAINTAIN HOMES. FUNDING ORGANIZATIONS INCLUDE FOUNDATIONS, REAL ESTATE AND MORTGAGE FINANCE INSTITUTIONS, GOVERNMENT AGENCIES AND OTHER INDUSTRY STAKEHOLDERS DEDICATED TO INCREASING ACCESS AND OPPORTUNITY TO AFFORDABLE AND SUSTAINABLE HOME OWNERSHIP. AS AN INTERMEDIARY, THE CENTER PROVIDES TRAINING AND CERTIFICATION, CURRICULUM AND SUPPORT PRODUCTS, TECHNICAL ASSISTANCE, DATA COLLECTION TOOLS, FUNDING AND OVERSIGHT FOR A NETWORK OF MORE THAN 30COMMUNITY-BASED ORGANIZATIONS SERVING RESIDENTS OF MINNESOTA. THESE SERVICE DELIVERY PARTNERS PROVIDE COMPREHENSIVE HOMEOWNERS EDUCATION AND COUNSELING TO PROSPECTIVE AND EXISTING HOMEOWNERS WITH LOW AND MODERATE INCOMES. TARGET POPULATIONS INCLUDED PEOPLE OF COLOR, IMMIGRANTS, AND OTHERS WHO HAVE TRADITIONALLY HAD DIFFICULTY PURCHASING AND MAINTAINING HOMES. 3381448 1 1 0 1 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6516599336 1000 PAYNE AVENUE SUITE 200 ST PAUL MN 55130 BURCH KIRSTIN BOARD MEMBER 0.20 X 0 0 0 BIPES ROBYN PAST BOARD CHAIR 0.50 X X 0 0 0 CROSBY BRIAN VICE CHAIR 0.20 X 0 0 0 COLEMAN AARICA SECRETARY 0.50 X X 0 0 0 ERCHUL JIM BOARD MEMBER 0.20 X 0 0 0 EL-SAWAF MOHAMMED BOARD MEMBER 0.20 X 0 0 0 HEALY NANCY BOARD MEMBER 0.20 X 0 0 0 PANNKUK PATTY BOARD MEMBER 0.20 X 0 0 0 PORTER-NELSON DEAN BOARD MEMBER 0.20 X 0 0 0 ROCKER JOHN BOARD MEMBER 0.20 X 0 0 0 LINDSTROM DAVID TREASURER 0.50 X X 0 0 0 MCDONALD DARCY BOARD MEMBER 0.20 X 0 0 0 RAVERTY KEENAN BOARD MEMBER 0.20 X 0 0 0 SOLIS ZUIKER VIRGINIA BOARD MEMBER 0.20 X 0 0 0 SPELLMAN MATT BOARD MEMBER 0.20 X 0 0 0 STEINHAGEN JULIE BOARD MEMBER 0.20 X 0 0 0 TENG ROSE BOARD MEMBER 0.20 X 0 0 0 THOMPSON JEN BOARD CHAIR 0.50 X X 0 0 0 WILLS JEFF BOARD MEMBER 0.20 X 0 0 0 GUGIN JULIE PRESIDENT (FORMER) 40.00 X 154961 0 29074 KIMBALL ROXANNE PRESIDENT 40.00 X 94891 0 8115 PEDERSON KAREN ASSOCIATE DIRECTOR 40.00 X 154094 0 15595 WALKER BROOKE DIRECTOR 40.00 X 113650 0 17450 517596 0 70234 3 0 1 0 TUNHEIM PARTNERS INC 8009 34TH AVE S STE 1100 MINNEAPOLIS MN 55425 CONSULTING 128022 1 1226782 3412400 4639182 FEES FOR SERVICE 541900 144535 144535 TRAINING FEES 541900 47675 47675 LOAN REPAYMENT 624200 11673 11673 203883 477363 477363 7175947 7522404 -346457 -346457 -346457 29375 0 29375 29375 OTHER INCOME 900099 18486 18486 18486 5021832 251744 0 130906 585000 585000 285486 59468 217492 8526 837188 656855 180333 68964 44756 23897 311 114209 86421 27406 382 83792 52774 30371 647 18885 12858 6027 116628 74415 41323 890 48000 48000 27570 27570 81389 81389 327382 284519 42852 11 27073 27013 60 32821 20075 12507 239 59111 35018 23674 419 7722 2532 5178 12 10907 8704 2199 4 46090 29408 16330 352 9641 6152 3415 74 HOME OWNERSHIP COUNSELI 1351509 1351509 STAFF RECRUITING AND DE 62390 9724 52666 DUES AND SUBSCRIPTIONS 21933 13851 7956 126 55555 20396 35159 4279245 3381448 858234 39563 1458152 270414 496228 2269616 515677 629754 18874 72543 43384 40327 499596 365569 180120 134027 10685762 11115819 804749 807582 57448 0 14260394 15340082 913664 438125 57157 60000 970821 498125 X 12389573 12270778 900000 2571179 13289573 14841957 14260394 15340082 742587 809797 0 X 0 1 X 1 1 1 X 5370155 3804937 7376747 2883711 4639182 24074732 5370155 3804937 7376747 2883711 4639182 24074732 3279590 20795142 286444 214534 258395 398778 477363 1635514 25710246 1593725 0.80880 0.87430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 48000 0 0 48000 0 PART II-B, LINE 1: IN 2024, THE ORGANIZATION PARTNERED WITH ANOTHER ORGANIZATION TO HIRE A LOBBYIST. THE TWO ADOPTED AND FORWARDED A LEGISLATIVE AGENDA IN THE STATE LEGISLATURE. 0 1 X 98903 98903 0 65924 60837 5087 334769 205829 128940 134027 PRIVATE CREDIT FUND 407686 F REAL ESTATE INCOME TRUST 399896 F 807582 X 5903992 809797 153752 963549 4940443 81389 81389 5021832 4351608 153752 153752 4197856 81389 81389 4279245 PART IV, LINE 2B: THE CENTER ENTERED INTO A FUNDS MANAGEMENT AGREEMENT WITH THE PLANNING GROUP REPRESENTING AFFORDABLE HOMES CONGRESS. THE CENTER MAINTAINED A CHECKING ACCOUNT, MAINTAINED ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE, AND RECONCILED BANK STATEMENTS MONTHLY. AT NO TIME WILL MINNESOTA HOME OWNERSHIP CENTER BE OBLIGATED TO ADVANCE OR PROVIDE FUNDS TO SUPPORT THE PLANNING GROUP. PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE CENTER HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. PART XII, LINE 4B: COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED IN INVENTORY SALES COST ON 990. PART XIII, LINE 2D: COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED AS INVENTORY SALES COST ON 990. X 1 AMPLIFY DMC LLC 1375 ST ANTHONY AVENUE SUITE 201 SAINT PAUL MN 55105 GENERAL FUNDRAISING 0 0 27570 0 27570 MN 1 TWIN CITIES HABITAT FOR HUMANITY 1954 UNIVERSITY AVE W ST PAUL MN 55104 363363171 501(C)(3) 173250 0 ORIGINATION AND POST-PURCHASE GRANTS BUILD WEALTH MN INC 1256 PENN AVE N MINNEAPOLIS MN 55411 251918239 501(C)(3) 90000 0 DPA CAPACITY FUNDS NEIGHBORWORKS HOME PARTNERS 533 DALE STREET N ST PAUL MN 55103 411386089 501(C)(3) 90000 0 DPA CAPACITY FUNDS TCHFH LENDING INC 1954 UNIVERSITY AVE W ST PAUL MN 55104 811958719 501(C)(3) 231750 0 DPA CAPACITY FUNDS 4 PART I, LINE 2: COMPLIANCE FOR THESE FUNDS IS OVERSEEN BY THE PRESIDENT, ASSOCIATE DIRECTOR AND ACCOUNTING PERSONNEL. FUNDING CONTRACTS ARE REVIEWED AND REQUISITE SUBCONTRACTS ARE INITIATED WITH SUBGRANTEES. PERFORMANCE TO REQUIREMENTS IS MONITORED DURING THE DURATION OF THE SUBCONTRACT. X X 0 0 0 0 0 0 0 0 0 GUGIN JULIE PRESIDENT (FORMER) 154961 0 0 0 0 0 10847 0 18227 0 184035 0 0 0 PEDERSON KAREN ASSOCIATE DIRECTOR 154094 0 0 0 0 0 10787 0 4808 0 169689 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT AT ALL TIMES TO THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS AUTHORIZED TO REVIEW AND RECOMMEND THE FORM 990 TO THE BOARD FOR APPROVAL. THE FORM IS SHARED WITH ALL BOARD MEMBERS VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE FIRST MEETING OF THE BOARD OF DIRECTORS, ALL BOARD MEMBERS AND EMPLOYEES COMPLETE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE OF BUSINESS AND FAMILY RELATIONSHIPS FORM. THE EXECUTIVE COMMITTEE REVIEWS ALL FORMS FOR POTENTIAL CONFLICTS OF INTEREST AND DETERMINES THE PROPER COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED ON THE ROLES AND RESPONSIBILITIES OF EACH POSITION IN COMPARISON TO SIMILAR POSITIONS IN THE ORGANIZATION'S SALARY STUDY. JOB DESCRIPTIONS ARE UPDATED ANNUALLY. THE EXECUTIVE COMMITTEE DETERMINES THE SALARY OF THE PRESIDENT. THE PRESIDENT DETERMINES THE SALARY OF ALL OTHER EMPLOYEES PER THE TERMS OF THE ORGANIZATION'S COMPENSATION POLICY. THE ORGANIZATION'S BENEFITS PACKAGE IS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BY-LAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST FORM, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE CONSIDERED PUBLIC DOCUMENTS. THE PRESIDENT MANAGES ALL REQUESTS FOR COPIES.