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 $236,505.00 Tenant Based Rental – Grant $ 54,803.00 Counseling / Education – Grant $ 67,878.00 United Way - Warren $ 5,250.00 Wells Fargo $ 2,500.00 Program Generated Income $ 22,500.00 Donations $ 134.37 Bank Interest $ 73.91 Total revenue and support $389,644.28 Expenses Grants to clients $291,308.00 Management and general $ 89,753.48 Total Expenses $381,061.48 Change in net assets 8,582.80