1. 2018 Annual Report

2. 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, 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, in tenant based rental assistance made available through the Northern Shenandoah Valley Regional Commission.

3. 2018 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, 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 $
Bank Interest $
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 ,023.59