2017 Annual Report BRHNS 2017 FOOTPRINT From July
2017 Annual Report
BRHN’S 2017 FOOTPRINT From July 1, 2016 through June 30, 2017, BRHN provided direct counseling to 164 families and/or individuals in the Northern Shenandoah Valley. Provided rental counseling to 114 clients. BRHN had 14 participants attend the homebuyer Educational Classes. The foreclosure prevention program provided counseling to 3 new clients. BRHN has created a homeownership program for residents at or below 80% of the area median income. The program is designed to make successful homeowners. In 2017, 28 clients received pre-purchase counseling and 9 families were able to purchase with the assistance of our down payment program. BRHN provided $126, 308. 00 in down payment and closing cost assistance made available through the Virginia Department of Housing and Community Development and the Northern Shenandoah Valley Regional Commission. BRHN provided $54, 545. 57 in tenant based rental assistance made available through the Northern Shenandoah Valley Regional Commission and $1, 033. 33 from the United Way NSV.
2017 Board of Directors Officers James Pope – Chairman Jim Wells – Vice Chairman Elaine Kinsey – Treasurer Directors Melanie Hamel Linda Taylor Debbie Walker Rob Grimm
Sponsors Funding for Client Programs: Northern Shenandoah Valley Regional Commission(NSVRC) VA Department of Housing & Community Development (VADHCD) Grants: US Department of Housing and Urban Development (HUD) Virginia Housing Development Authority (VHDA) Wells Fargo
AUDITED FINANCIALS YEAR ENDED JUNE 30, 2017 Revenue and support Down Payment - Grant Tenant Based Rental – Grant Counseling / Education – Grant United Way - Warren Wells Fargo Program Generated Income Donations Bank Interest Total revenue and support Expenses Total Expenses Grants to clients Management and general Change in net assets $236, 505. 00 $ 54, 803. 00 $ 67, 878. 00 $ 5, 250. 00 $ 2, 500. 00 $ 22, 500. 00 $ 134. 37 $ 73. 91 $389, 644. 28 $291, 308. 00 $ 89, 753. 48 $381, 061. 48 8, 582. 80
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