2024-03-05T08:30:45-06:00 2023-06-30 440160260 FORVIS LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2022-07-01 237303018 HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA INC HOUS 8043540641 626 E BROAD STREET 400 RICHMOND VA 23219 THOMAS OKUDA FITZPATRICK EXECUTIVE DIRECTOR 8043540641 2024-02-29 1 THOMAS OKUDA FITZPATRICK 999009999 1 LAKRISHA J CASTLEBERRY P01677333 8042827636 2024-02-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS OKUDA FITZPATRICK 626 E BROAD STREET 400 RICHMOND VA 23219 5172721 0 X WWW.HOMEOFVA.ORG X 1971 VA HOME ENSURES EQUAL ACCESS TO HOUSING BY BUILDING INDIVIDUAL CAPACITY, ENSURING COMPLIANCE WITH THE FAIR HOUSING LAWS, AND PROMOTING EFFECTIVE PUBLIC POLICY. 22 22 51 81 0 0 9939860 5133636 1101071 17502 2249 16920 12242 4663 11055422 5172721 1754370 1420377 0 0 2832338 3019794 0 0 206267 5805036 1460908 10391744 5901079 663678 -728358 5191180 4613572 941399 1092149 4249781 3521423 X THE MISSION OF HOME IS TO ENSURE EQUAL ACCESS TO HOUSING FOR ALL PEOPLE. 0 0 4337791 1420377 THE CENTER FOR HOUSING COUNSELING AND EDUCATION EXPANDS HOUSING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES, HELPING THEM TO GAIN THE KNOWLEDGE AND FINANCIAL MANAGEMENT SKILLS NECESSARY TO ACCESS AND MAINTAIN STABLE HOUSING. THROUGH THIS CENTER, INDIVIDUALS AND FAMILIES BECOME SUCCESSFUL, LONG-TERM HOMEOWNERS & TENANTS; AVOID MORTGAGE DEFAULT; BECOME KNOWLEDGEABLE, RESPONSIBLE TENANTS THROUGH OUR RENTAL MOBILITY PROGRAM; AND TENANTS AVOID EVICTIONS THROUGH OUR HOUSING STABILITY PROGRAM. HOME TAKES A COMPREHENSIVE APPROACH TO PROMOTING HOUSING ACCESS AND STABILITY THROUGH DEVELOPING FINANCIALLY LITERATE CONSUMERS. DURING FISCAL YEAR 2022-2023, THE CENTER SERVED OVER 2,600 FAMILIES, PROVIDING THE FOLLOWING SERVICES: 486 FAMILIES RECEIVED HOMEOWNERSHIP EDUCATION; 300 FAMILIES RECEIVED HOMEOWNERSHIP COUNSELING; 31 FAMILIES RECEIVED DOWN PAYMENT ASSISTANCE TO BECOME FIRST-TIME HOME BUYERS; 278 FAMILIES RECEIVED RENTAL EDUCATION; 248 FAMILIES RECEIVED CREDIT AND MONEY MANAGEMENT EDUCATION, 131 FAMILIES RECEIVED COUNSELING TO ASSIST THEM IN AVOIDING FORECLOSURE; 278 FAMILIES RECEIVED RENTAL MOBILITY COUNSELING; 28 FAMILIES RECEIVED REVERSE MORTGAGE COUNSELING; 158 FAMILIES RECEIVED LANDLORD TENANT REFERRAL SERVICES; 1,568 FAMILIES RECEIVED AN ANALYSIS OF THEIR CREDIT REPORT TO DETERMINE THEIR LEVEL OF READINESS FOR HOMEOWNERSHIP; 302 FAMILIES RECEIVED RENTAL FINANCIAL LITERACY COUNSELING; 3,970 EVICTION DIVERSION APPLICATIONS PROCESSED; AND, 424 FAMILIES RECEIVED RENTAL ASSISTANCE TO AVOID EVICTION. HOME'S WEBSITE HAD 177,305 PAGE VIEWS WITH 84,885 VISITORS. THE PROGRAM LANDING PAGE VIEWS INCLUDED: FAIR HOUSING PROGRAM 24,588, HOMEOWNERSHIP PROGRAM 30,601, FORECLOSURE PREVENTION PROGRAM 4,549, HOUSING STABILITY PROGRAM 25,624, AND MOVE TO OPPORTUNITY PROGRAM 5,180. ON FACEBOOK/INSTAGRAM, HOME HAD A REACH OF 63,270. HOME'S DIGITAL MEDIA ADS HAD 1,704,063 IMPRESSIONS. HOME ALSO HAD APPROXIMATELY 2,488,868 IMPRESSIONS IN EARNED MEDIA IN THE NEWS. 1175518 22165 THE CENTER FOR FAIR HOUSING INITIATED 30 SYSTEMIC INVESTIGATIONS; CASES OF SYSTEMIC DISCRIMINATION SOMETIMES TAKE YEARS OF WORK TO UNCOVER. THE CENTER PROVIDED FAIR HOUSING SERVICES TO 284 INDIVIDUALS AND PROVIDED FAIR HOUSING COUNSELING AND INFORMATION TO 179 OF THOSE INDIVIDUALS. THE CENTER CONDUCTED 49 FAIR HOUSING EDUCATION AND OUTREACH WORKSHOPS FOR VARIOUS GROUPS. OVER THE FISCAL YEAR 2022-2023, THE CENTER FOR FAIR HOUSING FILED 5 FAIR HOUSING COMPLAINTS/LAWSUITS ON BEHALF OF DISCRIMINATION VICTIMS. ADDITIONALLY, 29 HOUSING-RELATED COMPLAINTS WERE REFERRED TO OUTSIDE ATTORNEYS DUE TO TIME/LEGAL CONSTRAINTS. HOME SETTLED TWO NOTABLE CASES. MAYBUSH V. PUTZE'S TRAILER PARK INVOLVED A COMPLAINT THAT RESIDENTS OF THE PARK WHO WERE ALSO AGENTS AND FAMILY MEMBERS OF THE OWNER WERE HARASSING A MIXED-RACE GIRL WITH RACIAL SLURS. HOME ALSO SETTLED ETEMADIPOUR V. TJCHOA, WHICH INVOLVED ALLEGATIONS THAT AN IRANIAN AMERICAN FAMILY'S HOMEOWNERS' ASSOCIATION HAD BEEN ASSESSING FINES AND TREATING THEM DIFFERENTLY DUE TO NATIONAL ORIGIN. LASTLY, HOME SETTLED THOMPSON V. MEADOWBROOK APARTMENTS, WHICH INVOLVED AN ALLEGATION THAT THE LANDLORD WAS MISAPPLYING INCOME QUALIFYING INFORMATION SO AS TO EXCLUDE HOUSING CHOICE VOUCHER HOLDERS. THIS TYPE OF DISCRIMINATION VIOLATES VA SOURCE OF FUNDS PROTECTIONS, AS WELL AS HAVING A DISPARATE IMPACT ON OTHER PROTECTED CLASSES, SUCH AS RACE, DISABILITY, AND FAMILY STATUS (ALL OF WHICH WERE IMPLICATED IN THIS CASE). 132750 THE CENTER FOR RESEARCH AND POLICY PROVIDES INFORMATION AND ANALYSIS TO EDUCATE POLICYMAKERS, THE PUBLIC, HOME EMPLOYEES, AND HOME PARTNERS ABOUT OPPORTUNITIES TO IMPROVE HOUSING EQUITY IN VIRGINIA COMMUNITIES. DURING FISCAL YEAR 2022-2023 THE CENTER INFORMED STATE LEGISLATORS ABOUT THE UTILITY OF A STATEWIDE HOUSING NEEDS ASSESSMENT AND THE POTENTIAL BENEFITS OF REQUIREMENTS FOR LANDLORDS TO PROVIDE EARLIER NOTIFICATION ON LARGE-SCALE RENT INCREASES AND EVICTIONS. STAFF ALSO EDUCATED STATE POLICYMAKERS ON ISSUES RELATED TO PROTECTIONS FOR LOWER INCOME RENTERS, AFFORDABLE HOUSING, AND ZONING, ALL OF WHICH IMPACT HOUSING EQUITY. RESEARCH ACTIVITIES INCLUDED PRIMARY AND SECONDARY RESEARCH ON FAIR HOUSING RISKS IN ACCESS TO CREDIT, MORTGAGE LENDING, HOME VALUATION, DISPLACEMENT, ACCESS TO RENTAL HOUSING FOR HOUSING CHOICE VOUCHER HOLDERS, AND DISASTER RELIEF. THESE RESEARCH EFFORTS CONTRIBUTED TO A PUBLIC EXHIBIT (CREDIT ACCESS), RESULTED IN A BRIEFING TO LOCAL OFFICIALS (DISPLACEMENT), AND SUPPORTED THE OPERATIONS OF OTHER HOME CENTERS. ADDITIONAL ACTIVITIES INCLUDED CONSULTATION WITH HOME STAFF ON GRANT WRITING AND OUTREACH STRATEGIES, PLANNING FUTURE RESEARCH PROJECTS, PROCESSING SECONDARY RESEARCH, AND OUTREACH TO OTHER ORGANIZATIONS. 5646059 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 168 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X ANDREW J HAUGH CPA 8043540641 626 E BROAD STREET 400 RICHMOND VA 23219 SHARON STEWART-MURPHY CHAIR 1.00 1.00 X X 0 0 0 MARIANNE S MCGHEE IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 MICHAEL HERRING VICE CHAIR 1.00 X X 0 0 0 KATHRYN HOWELL VICE CHAIR 1.00 X X 0 0 0 STEPHANIE THEOFANOS VICE CHAIR 1.00 X X 0 0 0 CHRISTY OMARZAI SECRETARY 1.00 1.00 X X 0 0 0 MEGHAN HARRIS TREASURER 1.00 1.00 X X 0 0 0 DALE BATTEN DIRECTOR 1.00 X 0 0 0 CAROL BROWN DIRECTOR 1.00 X 0 0 0 KIMBERLY DICKERSON DIRECTOR 1.00 X 0 0 0 ERIC DUNN DIRECTOR 1.00 X 0 0 0 ELIZABETH GREENFIELD DIRECTOR 1.00 1.00 X 0 0 0 CHRIS JEFFERSON DIRECTOR 1.00 X 0 0 0 JULIE MCCONNELL DIRECTOR 1.00 X 0 0 0 LINDA MELTON DIRECTOR 1.00 X 0 0 0 DESSIE NASH DIRECTOR 1.00 1.00 X 0 0 0 ADAM NORTHRUP DIRECTOR 1.00 1.00 X 0 0 0 KEVIN OSBORNE DIRECTOR 1.00 X 0 0 0 MONA RAZA DIRECTOR 1.00 X 0 0 0 JUAN SANTACOLOMA DIRECTOR 1.00 X 0 0 0 AGUSTIN RODRIGUEZ DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL THORNE-BEGLAND DIRECTOR 1.00 X 0 0 0 THOMAS OKUDA FITZPATRICK EXECUTIVE DIRECTOR 35.00 X 119632 0 384 BRENDA HICKS DEPUTY DIRECTOR HCE 35.00 X 99613 0 13306 ANDREW HAUGH DIRECTOR OF FINANCE 35.00 X 119669 0 14424 MONICA JEFFERSON COO 35.00 X 145207 0 16233 484121 0 44347 3 0 1 0 0 499662 1631179 3002795 5133636 SETTLEMENTS 900099 17502 17502 17502 16920 16920 MISCELLANEOUS 531390 4663 4663 4663 5172721 22165 0 16920 X 1420377 1420377 575255 566371 8884 1837507 1256164 501866 79477 28588 28588 578444 430536 128852 19056 39866 37047 2819 49160 49160 761127 695779 2898 62450 6684 4880 1804 71638 47226 24226 186 60881 11315 47190 2376 254177 243771 865 9541 60130 58025 1287 818 62465 59871 2199 395 10307 10307 12901 12901 MISCELLANEOUS EXPENSES 38688 17431 18984 2273 PROGRAM SUPPORT 32882 29119 3661 102 INDIRECT COST ALLOCATIO 2 739559 -769150 29593 5901079 5646059 48753 206267 1093296 2365224 3858002 1506875 5054 2607 41052 83777 234621 222034 12969 12587 180807 642502 5191180 4613572 755571 279863 185828 812286 941399 1092149 X 2085342 1707473 2164439 1813950 4249781 3521423 5191180 4613572 -728358 0 X X 0 1 X 1 1 1 X 3416711 3538811 5184868 9939860 5133636 27213886 3416711 3538811 5184868 9939860 5133636 27213886 27213886 2237 2446 11301 2249 16920 35153 6821 30728 3359 12242 4663 57813 27306852 1200016 0.99660 0.99490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39199 29605 9594 180301 177308 2993 15121 15121 0 12587 RETIREMENT ASSETS 244749 RIGHT OF USE OPERATING LEASE 397753 642502 RETIREMENT LIABILITY 224749 OPERATING LEASE LIABILITY 398214 CONDITIONAL GRANT - PROGRAM 189323 812286 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. 1 DOWNPAYMENT AND CLOSING COST ASSISTANCE - HENRICO COUNTY 2 24010 DOWNPAYMENT AND CLOSING COST ASSISTANCE - COMMONWEALTH OF VIRGINIA 3 36059 DOWNPAYMENT AND CLOSING COST ASSISTANCE - CITY OF RICHMOND 23 416873 DOWNPAYMENT AND CLOSING COST ASSISTANCE - FANNIE MAY EQUALIZER 3 48211 DOWNPAYMENT AND CLOSING COST ASSISTANCE - EVICTION DIVERSION 424 895224 PART I, LINE 2: HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA,INC. IS A PROVIDER OF DOWNPAYMENT AND CLOSING COST ASSISTANCE TO LOW AND MODERATE INCOME FIRST-TIME HOMEBUYERS UNDER CONTRACTS WITH THE CITY OF RICHMOND, CHESTERFIELD AND HENRICO COUNTIES AND THE COMMONWEALTH OF VIRGINIA. THE ASSISTANCE IS GRANTED IN THE FORM OF A SECURED LOAN WHICH IS FORGIVABLE OVER A FIVE TO FIFTEEN YEAR FORGIVENESS PERIOD BASED UPON THE LEVEL OF ASSISTANCE, IF THE RECIPIENT OCCUPIES THE PROPERTY THROUGHOUT THE FORGIVENESS PERIOD. PROGRAM PARTICIPANTS ARE SUBJECT TO FINANCIAL ELIGIBILITY GUIDELINES DICTATED BY THE US DEPARTMENT OF HUD AND THE APPLICATION OF THESE GUIDELINES IS SUBJECT TO ANNUAL PROGRAM MONITORING BY THE PARTICIPATING JURISDICTIONS, AND TO SINGLE AUDIT REVIEW. LOANS ARE MONITORED DURING THE FORGIVENESS PERIOD TO ENSURE COMPLIANCE WITH PROGRAM GUIDELINES AND TO PROVIDE BORROWERS WITH ADDITIONAL CREDIT AND MONEY MANAGEMENT COUNSELING, SHOULD THEY ENCOUNTER FINANCIAL DIFFICULTIES. IN THE EVENT OF SALE, ALL FUNDS ARE TREATED AS PROGRAM INCOME AND RETURNED TO THE PARTICIPATING JURISDICTION. X X X X 0 0 0 0 0 0 0 0 0 MONICA JEFFERSON COO 145207 0 0 0 0 0 7746 0 8487 0 161440 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B HOME'S ANNUAL TAX RETURN IS PREPARED BY OUR CPA FIRM WITH ASSISTANCE FROM THE FINANCE STAFF. A DETAILED REVIEW OF THE 990 IS MADE BY THE BOARD EXECUTIVE COMMITTEE. THEREAFTER, THE 990 IS MADE AVAILABLE TO THE FULL BOARD IN SUFFICIENT TIME TO ALLOW FOR COMMENT AND ADJUSTMENT, IF NECESSARY. THE RETURN IS THEN SIGNED BY HOME'S EXECUTIVE DIRECTOR AND ELECTRONICALLY FILED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HOME REQUIRES ALL BOARD MEMBERS TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT, WHICH SETS OUT OUR POLICY IN DETAIL AND HOW IT IS APPLIED. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY AND DETERMINES AN INCREASE (IF ANY) IN WAGES BASED ON MERIT AND REVIEW OF COMPARABILITY DATA. FOR EXAMPLE, THE EXECUTIVE COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS; AND 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 695,779. MANAGEMENT AND GENERAL EXPENSES 2,898. FUNDRAISING EXPENSES 62,450. TOTAL EXPENSES 761,127. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE IN PLACE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AT A SCHEDULED MEETING EACH YEAR. VIRGINIA EQUAL HOUSING FOUNDATION 626 E BROAD STREET SUITE 400 RICHMOND VA 23219 541963797 TO PROVIDE SUPPPORT FOR HOME'S MISSION TO ENSURE EQUAL ACCESS TO HOUSING VA 501(C)(3) LINE 12B, II HOUSING OPPORTUNITIES MADE EQUAL 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 VIRGINIA EQUAL HOUSING FOUNDATION C 499662 ACTUAL AMOUNT OF TRANSACTION