1. 2017 Annual Report

2. 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, 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, in tenant based rental assistance made available through the Northern Shenandoah Valley Regional Commission and $1, from the United Way NSV.

3. 2017 Board of Directors
Officers James Pope – Chairman Jim Wells – Vice Chairman Elaine Kinsey – Treasurer Directors Melanie Hamel Linda Taylor Debbie Walker Rob Grimm

4. 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

5. 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 $
Bank Interest $
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 ,582.80