EIN 41-1741817

Minnesota Home Ownership Center

IRS 501(c) type
501(c)(3)
Num. employees
15
Year formed
1993
Most recent tax filings
2023-12-01
Description
Minnesota Home Ownership Center promotes and advances successful home ownership in Minnesota through education and counseling. The not-for-profit organization firmly believes in equitable access to homeownership as it contributes to strong communities and creates opportunities for generations to come.
Total revenues
$3,425,749
2023
Total expenses
$3,939,560
2023
Total assets
$14,260,394
2023
Num. employees
15
2023

Program areas at Minnesota Home Ownership Center

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 35 community-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.

Grants made by Minnesota Home Ownership Center

GranteeGrant descriptionAmount
Habitat for Humanity - Twin Cities HFHDown Payment Assistance$500,000
Build Wealth MNCapacity Building$45,000
Neighborworks Home PartnersCapacity Building$45,000

Who funds Minnesota Home Ownership Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The McKnight FoundationFor General Operating Support, and To Build the Capacity of Down Payment Assistance Players Across the State$500,000
The McKnight FoundationFor General Operating Support, and To Build the Capacity of Down Payment Assistance Players Across the State$150,000
Family Housing FundHecat$135,000
...and 3 more grants received

Personnel at Minnesota Home Ownership Center

NameTitleCompensation
Julie GuginPresident
Brooke WalkerDirector , Strategic Initiatives
Bill GrayDirector , Stakeholder Relations
Kim Smith-MooreSenior Director
Sondra ReisDirector , Homeownership Programs
...and 14 more key personnel

Financials for Minnesota Home Ownership Center

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,883,711
Program services$206,473
Investment income and dividends$398,778
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-98,988
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$16,875
Miscellaneous revenues$18,900
Total revenues$3,425,749

Form 990s for Minnesota Home Ownership Center

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-06990View PDF
2022-122023-06-08990View PDF
2021-122022-06-10990View PDF
2020-122021-06-16990View PDF
2019-122021-01-21990View PDF
...and 9 more Form 990s
Data update history
October 4, 2024
Updated personnel
Identified 3 new personnel
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 13, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $135,000 from Family Housing Fund
January 29, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
1000 Payne Ave Suite 200
Saint Paul, MN 55130
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
hocmn.org/ 
Phone
(651) 659-9336
Facebook page
HOCMN 
IRS details
EIN
41-1741817
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L50: Housing Owners, Renters Organizations
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
Free account sign-up

Want updates when Minnesota Home Ownership Center has new information, or want to find more organizations like Minnesota Home Ownership Center?

Create free Cause IQ account