“Partnerships, Changing Lives”

Message from the Board

The Board and staff of HomesteadCS are so proud to have such great partners in our communities

as we continue to fight to keep families in their homes. 2017 was another successful year for our families as more than 700 households decided to learn what their housing options were and how to

become financially fit. A recent report by the National Endowment for Financial Education stated

that 36% of American working adults are financially fragile. Of that 36%, 42% are not financially literate compared to 22% who are financially literate, showing that financial education can and

does make a difference.

Our theme is “Changing Lives”, which fit nicely as we hit a milestone in 2017. We had 34 families

take our formal homebuyer education, helping us reach a milestone of over 2,000 families who

have taken this formal education. They have purchased over $19,000,000 worth of homes, chang-

ing their lives forever. We have also saved the homes of over 1,300 families, at a value of

$130,000,000.

In additional our financial education clients increased by over 600% from the previous year. This

was accomplished though our partnership with other local non-profits and employers using our

Community Loan Center Program. The Community Loan Center Program, which is an affordable

alternative to expensive payday lending, loaned to over 300 individuals this year. And since we re-

ported these loans to the credit bureau we also helped them build their credit.

As we move forward into 2018 we will continue to look for ways to help our families stay in their

homes, whether rental or homeownership. We are working on a new strategic plan and will be

asking many of you for input on how we can better serve the housing needs of our communities.

We will continue our financial coaching with help from our national partner NCRC, expand our

outreach for our housing counseling and we will begin discussions on how to best proceed with the

Historic Jeff Centre Senior Housing Project as it hits the end of its Section 42 tax credit period.

As always, we can not do this alone. We need your help to accomplish our goals. Throughout the

years, we have had wonderful partnerships from many people and area businesses and we hope to continue and expand those partnership in 2018. Please take pride in the fact that you have helped

so many people in our community, but know that the need continues. We thank you very much for

your partnerships in the past and look forward to even stronger partnerships in the future

Jim Slaven, Board President

HomesteadCS

Mission

The mission of HomesteadCS is to provide education and other resources to increase

affordable, sustainable housing opportunities and financial stability in the

communities we serve and to be a catalyst for the development and revitalization of

our neighborhoods.

Vision

All individuals and families will be financially educated regarding housing, have the

knowledge and skills to manage financial assets, have access to affordable housing,

and live in safe, well-maintained neighborhoods.

2017 Client Information - Clients Served

Under 30% AMI 33%

31-50% AMI

51-80% AMI

81-100% AMI

Over 100% AMI 10%

No response

AREA MEDIAN INCOME

White 73%

African American 18%

No Response 7%

Asian 1%

Other 1%

RACE

66.3%

Other : 17.1%

Clinton : 3.1%

White: 1.9%

Montgomery: 1.9%

Putnam: 1.9%

Boone: 2.4%

Carroll: 2.6%

Fountain: 1.4%

Benton: .8%

Warren: .6%

COUNTY

ETHNICITY

3.1%

Hispanic 90.9%

18-24, 5%

25-44, 33%

45-64, 39%

65+, 23%

Male,

43%Female,

57%

AGE

GENDER

Program Accomplishments

Reverse Mortgage

HomeBuyer Education

Clients completed Reverse Mortgage

Counseling to make informed decisions on

FHA’s Home Equity Conversion Mortgage.

Clients became experts in homeownership by

completing HomeBuyer Education classes.

Foreclosure and Delinquency

Struggling homeowners became Foreclosure

and Delinquency clients. A total of $11 million

in homes were saved from foreclosure.

Program Accomplishments

Hardest Hit Fund Loans

Tenant Education

New Homeowners

Of our homebuyer & pre-purchase clients

became new homeowners purchasing over

$3 million in homes.

Clients were made aware of their rights

and responsibilities by our Tenant

Education Classes.

Hardest Hit Loans were closed; distrib-

uting over $1.1 million in assistance to

keep clients in their homes.

Pre-purchase Counseling

Clients learned the ins and outs of the

home-buying process to make informed

decisions through our Pre-purchase

Program Accomplishments

Community Loan Center

Home Repair NIP

Bank on Tippecanoe

Individuals opened new checking accounts at

area financial institutions who would have

otherwise been turned down for an account.

Amount of money distributed to assist

struggling homeowners with home repair

needs.

Number of employees who took out loans to

help them avoid using payday lenders and

Number of clients who were given guidance

about refinancing or assistance through NIP

repair loans after the purchase of a home.

Post-Purchase Counseling

2017 Highlights

2017 was a great year for financial education. We participated at Lafayette Jefferson High School

as part of Money Smart Week. We held numerous classes throughout the community, including at several other non- profit organizations and many of our Community Loan Center partners. These

classes included information on budgeting, credit, renting, home buying and bank accounts. We educated over 300 people, in addition to the Jefferson High School Students, a 672% increase

from 2016.

Financials

Consolidated Statement of Financial Position and Activities

FY 2017 Revenue FY 2017 Expenses

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2012 2013 2014 2015 2016 2017

Revenue & Support vs. Program Spending

Total Support & Revenue Total Program Spending

59%12%

12%

9%

5%3% 0%

80%

20%

Program Expenses

Supporting ServicesContributions & Grants

In-kind Contributions

Contract Service Fees

Special Events

Interest

Program Service Fees

Other

20

17

Fin

an

cia

ls

Prepaid Expenses $ 7,211 $ 11,076

Receivables from Historical Jeff $ 1,680,075 $ 1,635,725

Notes Receivable $ 213,912 $ 79,574

Property & Equipment (net) $ 102,449 $ 120,509

Properties Held for Resale (net) $ 2,000 $ 2,000

Unconditional Promise to Give $ 57,442 $ 46,148

Total Assets $ 2,650,676 $ 2,242,677

Liabilities and Net Assets 2017 Total

Liabilities

Accounts Payable $ 30,469 $ 30,716

Accrued Expenses $ 14,711 $ 16,606

Escrow Liabilities $ 12,043 $ 20,218

Capital Lease Payable $ - $ 10,380

Deficit Investments in Partnerships $ 32,188 $ 29,210

Total Liabilities $ 89,411 $ 107,130

Net Assets

Unrestricted $ 1,784,545 $ 1,811,947

Temporarily Restricted $ 776,720 $ 323,600

Total Net Assets $ 2,561,265 $ 2,135,547

Total Liabilities and Net Assets $ 2,650,676 $ 2,242,677

Revenue and Support 2017 Total

Contributions, Grants and Special Events $ 873,207 $ 646,234

Contract Service Fees $ 127,439 $ 144,210

Program Service Fees $ 34,279 $ 28,407

Interest $ 59,016 $ 45,667

Bad Debt Recovery $ 10 $ 4,544

Miscellaneous $ 3,597 $ 1,230

Total Revenue and Support $ 1,097,548 $ 870,292

Expenses 2017 Total

Foreclosure Prevention $ 255,296 $ 168,030

Housing and Financial Education $ 141,085 $ 79,073

Community Loan Center $ 87,338 $ 128,494

Other Programs $ 53,746 $ 34,595

Supporting Services $ 134,365 $ 84,016

Total Expenses $ 671,830 $ 494,208

Platinum Key

Star City Broadcasting

State Farm

Caterpillar Foundation

Wells Fargo Foundation

United Way of Greater Lafayette

Gold Key

Wabash National

Silver Key

Huntington National Bank

QBE Foundation

Bronze Key

PNC Bank

Fifth Third Bank

Gannett Foundation

Key Chain Link

The Community Foundation of Greater

Lafayette

Family

Friend

Key Club Sponsors

Individual Program Donors

Donna Wuethrich

David & Melissa Holder

Doug & Marie Morse

Dr. Williamson

Rusty & Kathy Davis

David & Cheryl Rosenthal

Ronald & Debra Kolczak

Joseph & Sandra Howarth

Mark & Tammy McNary

Norbert & Carolyn Fisher

Jacob Franklin

John & Martha Gustus

Richard & Cindy Murray

Joseph Seaman

Sherry Walter

Timothy & Kimberly Schooler

Kara Boehm

Russell & Margery Harvey

James Humphrey

Larry & Kim Lohmeier

Charles Shook

Shirley Terry

Don & Mary Franklin

Scott & Sara Goldberg

Heather Hart

Kimberly Outhouse

Joseph Kellogg

Kathy Murray

Calvin Oylehnizan

Neighbor

Petrifying (Platinum)

Star City Broadcasting

Best Buy Foundation

Newton Oil

Gruesome (Gold)

Neuhoff Media

McDonald’s

Subura of Indiana Automotive

Old National Bank

Visit Lafayette/West Lafayette

Sinister (Silver)

The Athlete

Bloodcurdling (Bronze)

Indiana Motion Pictures

CVL Broadcasting

Caterpillar

Speedpro Imaging

Creepy (Crystal)

DeFouw Automotive

John Radtke—AFLAC

Abstract Technology Group

June Palms Property Management

Evil on Erie Contributors

Special Event Donations

Star City Broadcasting/Madam Carroll Cruises

Sgt. Preston’s

Henriott Group

Moe’s Southwest Grill

Jeff Anderson

Clarinda Crawford

Jake Franklin

Homeward Bound Contributors

Ed Lamb

Elaine Latia

Thomas & Sheila Lee

Michael Madden

Andrea McCoskey

Bill Meinweiser

Ryan Meister

Amy Meyer

LD Miller

Jaime Mineart

Sharon & Patrick Morrissey

Marie Morse

Kathy & Tom Murray

Lynn Nelson

John Nelson

Brittni Parson

Connie Runyan

Security Federal Savings Bank

Bailey Setser

Charlie Shellie

Sheryl Shipley

Charles Shook

Karla Siga

Mel Smit

James Smith

Carl Smith

Roger Smith

Jennifer Tague

Sheila Talley

Megan Townsend

Melissa Underwood

University Church

Gail Walenga

Sherry Walter

American Mortgage

Caterpillar

First Financial Bank

Lafayette Community Bank

Stallard & Schuh

First Name Last Name

Anderson

Anderson

Bart

Berryman

Berryman

Boehm

Bristol

Willis & Mary Brown

Bueno

Centier Bank

Central Presbyterian Church

Clithero

Crawford

Dahnke

First Financial Bank

Fisher

Dennis & Laura Fisher

Norbert & Carolyn Fisher

Fisher

Flynn

Foster

Franklin

Gick

Groh

Harker

Henderson

Howarth

Jensen

Kakani

Kendall

Klinker

David & Irma Kovich

Star City Broadcasting

United Way of Greater Lafayette

Old National Foundation

Lafayette Life Foundation

Purdue Federal Credit Union

Centier Bank

First Financial Bank

The Community Foundation of

Greater Lafayette

Michael Budd

Dave Holder

Joe Howarth

David Kovich

Larry Lohmeier

Marie Morse

Cindy Murray

Tim Schooler

Joe Seaman

Charlie Shook

Jim Slaven

Sherry Walter

Community Loan Center Committee

Jim Slaven, President

Cindy Murray, Vice President

David Holder, Treasurer

Larry Lohmeier, Secretary

Heather Hart

Russ Harvey

Joe Howarth

Sheila Klinker

David Kovich

Kathy Murray

David Rosenthal

Tim Schooler

Charlie Shook

Sherry Walter

Marie Morse, Executive Director

Joe Kellogg, Housing Programs and Facilities Manager

Jake Franklin, Director of Marketing & Development

Kristi Gill, Housing Educator

Jason Schwenk, Accounting Manager

Sheila Talley, Administrative Assistant

Board of Directors

Staff

Deb Kolczak

Janis Lucas

Jeff and Sherry Manny

Office Volunteers

THANK YOU FOR A GREAT YEAR!

HomesteadCS is a 501(c)(3) non-profit organization located in Lafayette, Indiana

that decreases foreclosure, increases home ownership, and ensures that families in

Tippecanoe and surrounding counties have safe, affordable homes.

Our programs make clients aware of their options in order for them to make in-

formed decisions. If further action is necessary, we work on the client’s behalf to

achieve the best possible solution.

Because we are certified by the state of Indiana and the U.S. Dept. of Housing and

Urban Development (HUD), our clients have access to additional resources that

other organizations are unable to offer.

Thanks to grants and charitable donations, nearly all of our

programs are free. Ensure that area families have safe, affordable

homes by joining our Donor Club at www.HomesteadCS.org/Donate.

HomesteadCS

671 N 36th St.

Lafayette, IN 47905

Phone: 765-423-1284

Fax: 765-637-7949

www.HomesteadCS.org

www.CLCWestCentralIndiana.org