2018 Annual Report BRHNS 2018 FOOTPRINT From July

2018 Annual Report

BRHN’S 2018 FOOTPRINT From July 1, 2017 through June 30, 2018, BRHN provided direct counseling to 179 families and/or individuals in the Northern Shenandoah Valley. Provided rental counseling to 130 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 2018, 32 clients received pre-purchase counseling and 11 families were able to purchase with the assistance of our down payment program. BRHN provided $166, 827. 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 $31, 693. 33 in tenant based rental assistance made available through the Northern Shenandoah Valley Regional Commission.

2018 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, 2018 Revenue and support Down Payment - Grant Tenant Based Rental – Grant Counseling / Education – Grant VHDA 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 $166, 827. 00 $ 31, 693. 33 $ 39, 255. 04 $ 5, 000. 00 $ 39, 471. 92 $ 400. 00 $ 41. 90 $285, 689. 19 $198, 520. 33 $ 93, 192. 45 $291, 712. 78 -6, 023. 59