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 $166,827.00 Tenant Based Rental – Grant $ 31,693.33 Counseling / Education – Grant $ 39,255.04 VHDA $ 5,000.00 Wells Fargo $ 3,000.00 Program Generated Income $ 39,471.92 Donations $ 400.00 Bank Interest $ 41.90 Total revenue and support $285,689.19 Expenses Grants to clients $198,520.33 Management and general $ 93,192.45 Total Expenses $291,712.78 Change in net assets -6,023.59