Civic Intelligence

Minnesota Home Ownership Center

EIN 41-1741817 • 501(c)3 • St Paul, MN

Profile

The minnesota home ownership center promotes and advances successful home ownership in minnesota.

1000 Payne Avenue Suite 200St Paul, MN 55130

www.hocmn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.10x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

7.6%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

47%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,340,082

Up $1,079,688 (+7.6%) from 2023

Liabilities

Down

$498,125

Down $472,696 (-49%) from 2023

Net Assets

Up

$14,841,957

Up $1,552,384 (+12%) from 2023

Revenue

Up

$5,021,832

Up $1,596,083 (+47%) from 2023

Expenses

Up

$4,279,245

Up $339,685 (+8.6%) from 2023

Net Income

Up

$742,587

Up $1,256,398 (+245%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $2,898,109Liabilities 2010: $679,829Net Assets 2010: $2,218,2802010Assets 2011: $3,127,690Liabilities 2011: $552,279Net Assets 2011: $2,575,4112011Assets 2012: $3,283,687Liabilities 2012: $620,171Net Assets 2012: $2,663,5162012Assets 2013: $3,654,956Liabilities 2013: $516,131Net Assets 2013: $3,138,8252013Assets 2014: $3,522,880Liabilities 2014: $590,575Net Assets 2014: $2,932,3052014Assets 2015: $3,920,825Liabilities 2015: $510,674Net Assets 2015: $3,410,1512015Assets 2016: $5,569,729Liabilities 2016: $485,982Net Assets 2016: $5,083,7472016Assets 2017: $8,512,909Liabilities 2017: $575,964Net Assets 2017: $7,936,9452017Assets 2018: $13,460,886Liabilities 2018: $1,221,704Net Assets 2018: $12,239,1822018Assets 2019: $16,870,602Liabilities 2019: $920,441Net Assets 2019: $15,950,1612019Assets 2020: $18,809,674Liabilities 2020: $2,224,758Net Assets 2020: $16,584,9162020Assets 2021: $17,549,875Liabilities 2021: $2,037,727Net Assets 2021: $15,512,1482021Assets 2022: $14,152,614Liabilities 2022: $1,289,011Net Assets 2022: $12,863,6032022Assets 2023: $14,260,394Liabilities 2023: $970,821Net Assets 2023: $13,289,5732023Assets 2024: $15,340,082Liabilities 2024: $498,125Net Assets 2024: $14,841,9572024

Highlighted filing

2024

Assets$15,340,082
Liabilities$498,125
Net Assets$14,841,957

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,550,2952010Expenses 2011: $2,779,0072011Expenses 2012: $2,111,6022012Revenue 2013: $2,446,381Expenses 2013: $1,970,673Net Income 2013: $475,7082013Revenue 2014: $2,171,177Expenses 2014: $2,376,215Net Income 2014: -$205,0382014Revenue 2015: $2,687,568Expenses 2015: $2,209,722Net Income 2015: $477,8462015Revenue 2016: $3,811,864Expenses 2016: $2,138,268Net Income 2016: $1,673,5962016Revenue 2017: $5,570,624Expenses 2017: $2,717,426Net Income 2017: $2,853,1982017Revenue 2018: $7,041,532Expenses 2018: $2,739,295Net Income 2018: $4,302,2372018Revenue 2019: $5,794,090Expenses 2019: $2,211,179Net Income 2019: $3,582,9112019Revenue 2020: $6,782,119Expenses 2020: $6,239,074Net Income 2020: $543,0452020Revenue 2021: $3,064,242Expenses 2021: $4,099,660Net Income 2021: -$1,035,4182021Revenue 2022: $7,198,884Expenses 2022: $8,555,682Net Income 2022: -$1,356,7982022Revenue 2023: $3,425,749Expenses 2023: $3,939,560Net Income 2023: -$513,8112023Revenue 2024: $5,021,832Expenses 2024: $4,279,245Net Income 2024: $742,5872024

Highlighted filing

2024

Revenue$5,021,832
Expenses$4,279,245
Net Income$742,587

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.50$14.8$5.02$4.28$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$0.97$13.3$3.43$3.94$0.51
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$1.29$12.9$7.20$8.56$1.36
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$17.5$2.04$15.5$3.06$4.10$1.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$2.22$16.6$6.78$6.24$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$0.92$16.0$5.79$2.21$3.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$1.22$12.2$7.04$2.74$4.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.51$0.58$7.94$5.57$2.72$2.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.49$5.08$3.81$2.14$1.67
2015Detailed filing. Detailed filing data is available for this year.$3.92$0.51$3.41$2.69$2.21$0.48
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.59$2.93$2.17$2.38$0.21
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.52$3.14$2.45$1.97$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.62$2.66$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.55$2.58$2.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.68$2.22$2.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.1
Gross Receipts
$12,544,236
Mission and Program Overview

Mission

The minnesota home ownership center promotes and advances successful home ownership in minnesota.

Home ownership education and counseling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,685,762$11,115,819▲ $430,057
Savings and Temporary Cash Investments$496,228$2,269,616▲ $1,773,388
Investments Other Securities$804,749$807,582▲ $2,833
Pledges and Grants Receivable$515,677$629,754▲ $114,077
Cash and Non-Interest-Bearing Accounts$1,458,152$270,414▼ $1,187,738
Land, Buildings, and Equipment, Net$180,120$134,027▼ $46,093
Accounts Receivable$18,874$72,543▲ $53,669
Prepaid Expenses and Deferred Charges$43,384$40,327▼ $3,057
Total Assets$14,260,394$15,340,082▲ $1,079,688
Other Assets Total$57,448$0▼ $57,448
Liabilities
Accounts Payable and Accrued Expenses$913,664$438,125▼ $475,539
Deferred Revenue$57,157$60,000▲ $2,843
Total Liabilities$970,821$498,125▼ $472,696
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,389,573$12,270,778▼ $118,795
Net Assets With Donor Restrictions$900,000$2,571,179▲ $1,671,179
Total Net Assets Fund Balance$13,289,573$14,841,957▲ $1,552,384
Total Liabilities and Net Assets / Fund Balance$14,260,394$15,340,082▲ $1,079,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$128,940$205,829$334,769
Leasehold Improvements$0$98,903$98,903
Equipment$5,087$60,837$65,924
Other Securities$399,896--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gugin JuliePresident (former)FT$154,961$29,074$184,035
Pederson KarenAssociate DirectorFT$154,094$15,595$169,689
Walker BrookeDirectorFT$113,650$17,450$131,100
Kimball RoxannePresidentFT$94,891$8,115$103,006

Board Members and Trustees

NameTitle
Thompson JenBoard Chair
Bipes RobynPast Board Chair
Crosby BrianVice Chair
Burch KirstinBoard Member
El-sawaf MohammedBoard Member
Erchul JimBoard Member
Healy NancyBoard Member
Mcdonald DarcyBoard Member
Pannkuk PattyBoard Member
Porter-nelson DeanBoard Member
Raverty KeenanBoard Member
Rocker JohnBoard Member
Solis Zuiker VirginiaBoard Member
Spellman MattBoard Member
Steinhagen JulieBoard Member
Teng RoseBoard Member
Wills JeffBoard Member
Coleman AaricaSecretary
Lindstrom DavidTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tunheim Partners INCConsulting8009 34TH AVE S STE 1100, Minneapolis, MN 55425$128,022
Revenue and Support

Revenue Composition

Contributions and Grants
$4,639,182
Program Service Revenue
$203,883
Investment Income
$130,906
Other Revenue
$47,861
All Other Contributions
$3,412,400
Change in Net Assets
$742,587

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,940,443
Revenue Not Reported on Financial Statements
$81,389
Revenue Not Reported on Form 990
$963,549
Total Revenue per Audited Statements
$5,903,992
Total Revenue per Form 990
$5,021,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,277,036
Salaries, Compensation, and Employee Benefits$1,389,639
Grants and Similar Amounts Paid$585,000
Total Fundraising Expense$39,563
Professional Fundraising Fees$27,570

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$656,855$180,333-$837,188
Grants to Domestic Orgs$585,000--$585,000
Fees for Services Other$284,519$42,852$11$327,382
Current Officers, Directors, Trustees, and Key Employees$59,468$217,492$8,526$285,486
Fees for Services Accounting$74,415$41,323$890$116,628
Other Employee Benefits$86,421$27,406$382$114,209
Payroll Taxes$52,774$30,371$647$83,792
Fees for Service Investment Mgmnt Fees-$81,389-$81,389
Pension Plan Contributions$44,756$23,897$311$68,964
Information Technology$35,018$23,674$419$59,111
All Other Expenses$20,396$35,159-$55,555
Fees for Services Lobbying-$48,000-$48,000
Depreciation Depletion$29,408$16,330$352$46,090
Office Expenses$20,075$12,507$239$32,821
Fees for Services Professional Fundraising--$27,570$27,570
Advertising$27,013$60-$27,073
Other Expenses$13,851$7,956$126$21,933
Fees for Services Legal$12,858$6,027-$18,885
Travel$8,704$2,199$4$10,907
Insurance$6,152$3,415$74$9,641
Occupancy$2,532$5,178$12$7,722
Total Functional Expenses$3,381,448$858,234$39,563$4,279,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,351,608
Total Expenses per Form 990$4,279,245
Expenses per Audited Statements$4,197,856
Expenses Not Reported on Form 990$153,752
Expenses Not Reported on Financial Statements$81,389
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tchfh Lending IncSt Paul, MN501(c)(3)Dpa Capacity Funds$231,750
Twin Cities Habitat for HumanitySt Paul, MN501(c)(3)Origination and Post-purchase Grants$173,250
Build Wealth Mn IncMinneapolis, MN501(c)(3)Dpa Capacity Funds$90,000
Neighborworks Home PartnersSt Paul, MN501(c)(3)Dpa Capacity Funds$90,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$27,570
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Minnesota Home Ownership Center
EIN
41-1741817
Phone
6516599336
Address
1000 PAYNE AVENUE SUITE 200, ST PAUL, MN 55130

Signing Officer

Name
Roxanne Young Kimball
Title
President
Phone
6516599336
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roxanne Young Kimball
Formed
1993
Legal Domicile
Mn
Voting Board Members
23
Independent Board Members
23
Employees
14
Volunteers
0

Preparer

Firm
Redpath and Company LLC
Address
400 ROBERT ST N SUITE 1600, ST PAUL, MN 55101
Preparer
Cathy Lydon CPA
Phone
6514267000
Supplemental Narrative

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 732 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0HOME OWNERSHIP EDUCATION AND COUNSELING.
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IRS990/Desc0THE 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.
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