Nonprofit · EIN 41-1741817
MINNESOTA HOME OWNERSHIP CENTER
Tax-exempt · ST PAUL, MN 55130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,304,571 | $4,230,262 | $74,309 | $16,053,849 | $407,085 | $15,646,764 |
| December 31, 2024 | 990 | $5,021,832 | $4,279,245 | $742,587 | $15,340,082 | $498,125 | $14,841,957 |
| December 31, 2023 | 990 | $3,425,749 | $3,939,560 | -$513,811 | $14,260,394 | $970,821 | $13,289,573 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,310,241
- of which government grants
- $1,116,756
- Program service revenue
- $169,507
- Investment income
- $762,251
- Net gain from sales of assets
- $220,302
- Net income from sales of inventory
- $33,572
- Other revenue
- $62,572
Expenses
- Grants and similar amounts paid
- $650,135
- Compensation of officers, directors and key employees
- $380,471
- Other salaries and wages
- $659,857
- Salaries, compensation and benefits (total)
- $1,305,839
- Professional fundraising fees
- $31,333
- Legal fees
- $19,957
- Accounting fees
- $115,736
- Occupancy
- $6,573
- Travel
- $14,805
- Depreciation
- $77,696
- Program services (functional)
- $3,459,234
- Management and general (functional)
- $718,943
- Fundraising (functional)
- $52,085
Balance sheet and other
- Total assets, start of year
- $15,340,082
- Total assets, end of year
- $16,053,849
- Total liabilities, end of year
- $407,085
- Net assets, end of year
- $15,646,764
- Land, buildings and equipment
- $317,293
- Publicly traded securities
- $11,952,343
- Net assets without donor restrictions
- $13,719,509
- Net assets with donor restrictions
- $1,927,255
- Gross receipts
- $8,860,448
- Employees
- 12
- Volunteers
- 16
- Year formed
- 1993
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBALL ROXANNE | PRESIDENT Officer | 40 | $195,581 | $12,566 |
| PEDERSON KAREN | ASSOCIATE DIRECTOR Key employee | 40 | $162,009 | $10,315 |
| WALKER BROOKE | DIRECTOR Highest-paid employee | 40 | $139,626 | $17,529 |
| SONDRA REIS | DIRECTOR - HOMEOWNERSHIP PROGRAMS Highest-paid employee | 40 | $107,435 | $19,190 |
| WILLIAM GRAY | DIRECTOR - STAKEHOLDER RELATIONS Highest-paid employee | 40 | $102,440 | $20,399 |
| NICK MENDLER | CRM MANAGER Highest-paid employee | 40 | $104,537 | $13,202 |
| COLEMAN AARICA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CROSBY BRIAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDSTROM DAVID | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| THOMPSON JEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BIPES-TIMM ROBYN | DIRECTOR (PAST CHAIR) Trustee or director | 1 | $0 | $0 |
| BURCH KIRSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERCHUL JIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEALY NANCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MCDONALD DARCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PANNKUK PATTY | DIRECTOR Trustee or director | 1 | $0 |
| PORTER-NELSON DEAN | DIRECTOR Trustee or director | 1 | $0 |
| RAVERTY KEENAN | DIRECTOR Trustee or director | 1 | $0 |
| ROCKER JOHN | DIRECTOR Trustee or director | 1 | $0 |
| SOLIS ZUIKER VIRGINIA | DIRECTOR Trustee or director | 1 | $0 |
| STEINHAGEN JULIE | DIRECTOR Trustee or director | 1 | $0 |
| WILLS JEFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUGIN JULIE | PRESIDENT (FORMER) Officer | 40 | $154,961 | $29,074 |
| PEDERSON KAREN | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $154,094 | $15,595 |
| WALKER BROOKE | DIRECTOR Highest-paid employee | 40 | $113,650 | $17,450 |
| KIMBALL ROXANNE | PRESIDENT Officer | 40 | $94,891 | $8,115 |
| BURCH KIRSTIN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| BIPES ROBYN | PAST BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CROSBY BRIAN | VICE CHAIR Trustee or director | 0.2 | $0 | $0 |
| COLEMAN AARICA | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ERCHUL JIM | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| EL-SAWAF MOHAMMED | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| HEALY NANCY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| PANNKUK PATTY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| PORTER-NELSON DEAN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ROCKER JOHN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| LINDSTROM DAVID | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| MCDONALD DARCY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RAVERTY KEENAN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| SOLIS ZUIKER VIRGINIA | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| SPELLMAN MATT | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| STEINHAGEN JULIE | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| TENG ROSE | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| THOMPSON JEN | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| WILLS JEFF | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUGIN JULIE | PRESIDENT Officer | 40 | $221,000 | $33,996 |
| PEDERSON KAREN | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $147,111 | $11,606 |
| WALKER BROOKE | DIRECTOR Highest-paid employee | 40 | $108,464 | $17,067 |
| BEARD TARA | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| BIPES ROBYN | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| COLEMAN AARICA | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| CROSBY BRIAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| BURCH KIRSTIN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ERCHUL JIM | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| EL-SAWAF MOHAMMED | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| HEALY NANCY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| KIMBALL ROXANNE | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| LINDSTROM DAVID | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| MCDONALD DARCY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| PANNKUK PATTY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RAVERTY KEENAN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ROCKER JOHN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| SOLIS ZUIKER VIRGINIA | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| SPELLMAN MATT | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| STEINHAGEN JULIE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| TENG ROSE | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| THOMPSON JEN | VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| WREH-WILSON STEPHEN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 PAYNE AVENUE SUITE 200, ST PAUL, MN 55130-3986
- In care of
- % KAREN PEDERSON
- Principal officer (990 for 2025)
- ROXANNE KIMBALL, 1000 PAYNE AVENUE SUITE 200, ST PAUL, MN 55130
- Signed the 990
- ROXANNE KIMBALL, PRESIDENT AND CEO
- Phone
- (651) 659-9336
- Website
- WWW.HOCMN.ORG
- Return prepared by
- REDPATH AND COMPANY LLC
Mission
TO BUILD A STRONGER, MORE INCLUSIVE HOMEOWNERSHIP ECOSYSTEM SO THAT EVERY MINNESOTAN - ESPECIALLY THOSE FACING THE GREATEST SYSTEMIC AND HISTORIC BARRIERS - CAN ACCESS AND SUSTAIN THE STABILITY AND WEALTH-BUILDING OPPORTUNITIES OF HOMEOWNERSHIP.
Program accomplishments
- THE MINNESOTA HOMEOWNERSHIP CENTER IS A NON-PROFIT INTERMEDIARY ORGANIZATION DEDICATED TO SUPPORTING MINNESOTANS TO PURCHASE AND MAINTAIN HOMES. AS AN INTERMEDIARY, HOC PROVIDES TRAINING AND CERTIFICATION, HOMEBUYER EDUCATION AND FINANCIAL WELLNESS CURRICULUM AND SUPPORT PRODUCTS, DATA COLLECTION TOOLS, FUNDING AND OVERSIGHT FOR A NETWORK OF MORE THAN 30 COMMUNITY-BASED ORGANIZATIONS SERVING RESIDENTS OF MINNESOTA. THESE SERVICE DELIVERY PARTNERS PROVIDE COMPREHENSIVE HOMEOWNER AND FINANCIAL WELLNESS EDUCATION AND COUNSELING OR DOWN PAYMENT ASSISTANCE TO PROSPECTIVE AND EXISTING HOMEOWNERS. HOC VALUES INCLUSION OF LOW AND MODERATE INCOME HOUSEHOLDS AND HOUSEHOLDS REPRESENTING THE MANY CULTURES AND LANGUAGES OF MINNESOTA.Expenses $3,459,234 · grants $650,135 · revenue $232,079
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1741817
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $16,053,849
- Income (IRS master file)
- $8,860,448
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,304,571 | $4,230,262 | $16,053,849 | XML |
| 990 | December 2024 | $5,021,832 | $4,279,245 | $15,340,082 | XML |
| 990 | December 2023 | $3,425,749 | $3,939,560 | $14,260,394 | XML |
| 990 | December 2022 | $7,198,884 | $8,555,682 | $14,152,614 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1741817).
Questions about MINNESOTA HOME OWNERSHIP CENTER
- What is the EIN of MINNESOTA HOME OWNERSHIP CENTER?
- The employer identification number (EIN) of MINNESOTA HOME OWNERSHIP CENTER is 41-1741817.
- Is MINNESOTA HOME OWNERSHIP CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MINNESOTA HOME OWNERSHIP CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA HOME OWNERSHIP CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA HOME OWNERSHIP CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA HOME OWNERSHIP CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MINNESOTA HOME OWNERSHIP CENTER?
- The 990 for the year ended December 31, 2025 names ROXANNE KIMBALL.
- Who are the officers and directors of MINNESOTA HOME OWNERSHIP CENTER?
- The 990 for the year ended December 31, 2025 lists 22 people; 6 received compensation from the organization, the highest $195,581 (KIMBALL ROXANNE, PRESIDENT).
- How much revenue does MINNESOTA HOME OWNERSHIP CENTER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,304,571, expenses of $4,230,262 and total assets of $16,053,849 at year end.
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