“Improving Lives through Partnerships”

Message from the Board

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The Board and staff of HomesteadCS would like to thank our donors, partners, and

volunteers for their part in what was a successful year by serving more than 500 households

through our Housing Counseling, Financial Education, and Community Loan Center

programs.

What really helped propel us forward in 2016 was partnerships. Without our partners, we

would not have reached the level of success that we did with our Community Loan Center

(CLC) program. Perhaps our most notable example would be the need to raise $500,000 in

matching grant funds for the CLC. With the help of a dedicated committee of volunteers, we

were able to surpass our goal with flying colors with the support from area organizations

and businesses. As a result, we are well set to offer loans of up to $1000.00 to the

employees of our participating employers in order to help them avoid predatory payday

lending and financial hardships. Furthermore, our CLC partnerships are providing us with the

resources needed to expand our financial education classes to meet an increased demand,

which fits in directly with our mission and vision of making sure residents of our

communities are well-educated about their finances.

In addition to the Community Loan Center program partnerships, we had another impactful

year through our housing counseling programs. While things are improving in our area and

around the country, people are still struggling. In fact, in 2016, we helped 120 families save

their homes from foreclosure, with home values totaling over $15 million. In 2017, with the

help of our partners, we will be working to find ways to continue to serve our families in

need despite foreclosure prevention program cuts at the federal level.

As always, it takes the whole community to help us accomplish our goals. Our success starts

and ends with the help from our partners. We are pleased that so many people and area

businesses came forward in 2016 to help us strengthen the lives of people in our

communities. We are helping people thrive through partnerships, and because of that, we

say thank you.

Jim Slaven, Board President

HomesteadCS

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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.

2016 Client Information - 543 Clients Served

Under 30% AMI 19%

31-50% AMI 20%

51-80% AMI 31%

81-100% AMI 10%

Over 100% AMI 13%

No response 7%

AREA MEDIAN INCOME

White 88%

African American 7%

Hispanic 2%

No Response 1%

Asian 1%

Other 1%

ETHNICITY

AGE

25-44, 30%

45-64, 47%

65+, 22%

18-24, 1%

GENDER

Male, 47% Female, 53%

Tippecanoe: 41%

Other : 15.8%

Clinton : 9.6%

White: 8%

Montgomery: 5.8%

Putnam: 4.6%

Boone: 4.4%

Carroll: 4.3%

Fountain: 2.7%

Benton: 2.5%

Warren: 1.3%

COUNTY

Program Accomplishments

Reverse Mortgage

HomeBuyer Education

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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 $15 million

in homes were saved from foreclosure.

Program Accomplishments

Hardest Hit Fund Loans

Tenant Education

New Homeowners

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Of our homebuyer & pre-purchase clients

became new homeowners purchasing over

$2.5 million in homes.

Clients were made aware of their rights

and responsibilities by our Tenant

Education Classes.

Hardest Hit Loans were closed;

distributing nearly $1.3 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

Counseling services.

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Program Accomplishments

Community Loan Center

Home Repair NIP

Bank on Tippecanoe

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Individuals opened new checking accounts at

area financial institutions who would have

otherwise been turned down for an account.

Amount of money per loan distributed to

assist struggling homeowners with home

repair needs.

Number of employees who took out loans to

help them avoid using payday lenders and

other risky lending methods.

Number of clients who were given guidance

about refinancing or assistance through NIP

repair loans after the purchase of a home.

Post-Purchase Counseling

2016 Highlight—Partnerships

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2016 was year filled with unique partnerships that helped get the Community Loan Center

up and running. With the help of these partners, we were able to raise over $500,000 in

matching grant funds so that we could start the Community Loan Center program.

THANK YOU!

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Financials

Consolidated Statement of Financial Position and Activities

Contributions and Grants $549,397

Contract Service Fees $144,210

Special Events $85,457

Interest $45,667

Program Services Fees $25,407

In-kind & Other Events $17,154

FY 2016 Revenue

Programs $410,192

Supporting Services $84,016

FY 2016 Expenses

63%

17% 10%

5% 3% 2%

82%

17%

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Assets 2016 Total 2015 Total

Cash $ 297,636 $ 79,103

Accounts Receivable $ 50,009 $ 41,994

Prepaid Expenses $ 11,076 $ 7,260

Receivables from Historical Jeff $ 1,635,725 $ 1,591,375

Notes Receivable $ 79,574 $ 7,500

Property & Equppment (net) $ 120,509 $ 114,726

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

Unconditional Promise to Give $ 46,148 $ 26,795

Total Assets $ 2,242,677 $ 1,870,753

Liabilities and Net Assets 2016 Total 2015 Total

Liabilities

Accounts Payable $ 30,716 $ 34,171

Accrued Expenses $ 16,606 $ 15,060

Escrow Liabilities $ 20,218 $ 14,420

Capital Lease Payable $ 10,380 $ 21,242

Deficit Investments in Partnerships $ 29,210 $ 26,397

Total Liabilities $ 107,130 $ 111,290

Net Assets 2016 Total 2015 Total

Unrestriced $ 1,811,947 $ 1,732,668

Temporarily Restricted $ 323,600 $ 26,795

Total Net Assets $ 2,135,547 $ 1,759,463

Total Liabilities and Net Assets $ 2,242,677 $ 1,870,753

Support and Revenue 2016 Total 2015 Total

Contributions, Grants and Special Events $ 646,234 $ 249,823

Contract Service Fees $ 144,210 $ 146,623

Program Service Fees $ 28,407 $ 31,634

Interest $ 45,667 $ 44,352

Bad Debt Recovery $ 4,544 $ 544

Miscellaneous $ 1,230 $ -

Total Support and Revnue $ 870,292 $ 472,976

Expenses 2016 Total 2015 Total

Foreclosure Prevention $ 168,030 $ 268,725

Housing and Financial Education $ 79,073 $ 55,324

Community Loan Center $ 128,494 $ -

Other Programs $ 34,595 $ 35,566

Supporting Services $ 84,016 $ 35,566

Total Expenses $ 494,208 $ 395,181

Net Assets 2016 Total 2015 Total

Increase in net Assets $ 376,084 $ 77,795

Net Assets, Beginning of Year $ 1,759,463 $ 1,681,668

Total Net Assets, End of Year $ 2,135,547 $ 1,759,463

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Fin

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Platinum Key

State Farm

Silver Key

Caterpillar

Wabash National

Bronze Key

Fifth Third Bank

Old National Bank

Key Chain Link

Amazon Smile

Allstate

Bison Financial

Franklin Finish, LLC

IBEW

Kiwanis Foundation

Lafayette Life Retirees

Lafayette Daybreak Rotary Club

Family

Anonymous

Clarinda Crawford

Rusty and Kathy Davis

Norb & Carolyn Fisher

Jake Franklin

Don & Mary Franklin

Russell & Margery Harvey

David & Melissa Holder

Sheila Klinker

Larry Lohmeier

Doug and Marie Morse

Mark & Tammy McNary

Dick and Cindy Murray

David and Cheryl Rosenthal

Tim & Kimberly Schooler

Jason Schwenk

Charlie Shook

Sherry Walter

Dr. Williamson

Otto & Donna Wuethrich

Partner

James & Sandra Bodenmiller

Daniel & Jacquie Dexter

Thomas & Kathy Murray

Friend

Kara Boehm

Rob& Heather Hart

Gary & Ann Jackson

Joe Kellogg

Stephen & Kelly Mahn

Madison Monteiro

Nancy Morell

Brent & Amanda Rubeck

Scott & Evelyn Royer

Neighbor

Anonymous

Andrew Baumgartner

John & Janet Bergman

John & Dixie Frye

Scott & Sara Goldberg

Jennifer Million

Sheila Talley

Matthew & Amanda Wallace

Key Club Sponsors

Individual Program Donors

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Downright Dreadful (Diamond)

Huntington Bank

Petrifying (Platinum)

Artistic Media Partners (Bob FM 95.3, WAZY

96.5, Your Country 95.7)

McDonald’s

Gruesome (Gold)

Old National Bank

Visit Lafayette, West Lafayette

WCDQ (Country for the Heartland 106.3)

WIMC (Thunder 103.9)

WKOA (Lafayette’s Leading Country K105)

WKHY (Everything that Rocks 93.5, Today’s Hits B102.9)

Sinister (Silver)

Shepard Insurance

Subaru of Indiana Automotive, Inc.

Bloodcurdling (Bronze)

DeFouw Automotive

Creepy (Crystal)

Abstract Technology Group

June Palms Property Management

Purdue Federal Credit Union

Speedpro Imaging

Evil on Erie Contributors

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Special Event Donations

David Kovich

Doug and Marie Morse

Henriott Group

HuHot Mongoliam Grill

Jake Franklin

Red Seven Bar and Grill

Sgt. Preston’s of the North

Steven and Peg Downham

Sheila Talley

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Homestead Sponsors

American Mortgage

EMT Food Truck

Fleet Feet Sports

First Financial

Lafayette Community Bank

Stallard and Schuh

Contributors

Anonymous

Becky Barnes

Alberta Barker

Dave Bart

Jane Bennett

Ashley Bigelow

Michael Biang

Mark & Ashley Bonnes

C. Brown

Jenny Bohan

Faye Bridgeforth

Janet Burkenpas

Ed Caplinger

Shannon Conley

Luke & Katie Clark

Nancy Cross

Bob Dahnke

Shawn Deignan

Peg Downham

Debbie, Morgan & Cassandra

Esabri

Norb & Carolyn Fisher

Dave Fisher

TW Fisher

Phil Fisher

Dolores Flynn

Jake Franklin

Jeff Gahm

Peter Goldsbrough

Kristin Handy

Heather Hart

Linda Harrell

Lyle Hunter

Elke Hutchins

Jaheen Jensen

Sudhakar Kakani

Sheila Klinker

Ron & Deb Kolczak

David Kovich

Lafayette Association of Realtors

Larry Lohmeier

Jaime Mineart

Sharon Morrissey

Marie & Doug Morse

Cindy Murray

Kathy & Thomas Murray

Ryan Meister

New Community School

Mark Needham

John Nelson

Harry Plantega

Brittni Parson

Lisa Perry

Connie Runyan

Steven Riggs

Charlie Shellie

Colleen Shepherd

Rod Sherman

K. Sigo

Molly Slaven

Jim Slaven

Roger Smith

Carl Smith

Melissa Wagner

Annett Wardell

Jennifer William

Len & Connie Wilson

Ruby Workman

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Homeward Bound Contributors

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United Way of Greater Lafayette

Old National Bank

Lafayette Life Foundation

Purdue Federal Credit Union

Centier Bank

First Financial Bank

The Community Foundation

of Greater Lafayette

Community Loan Center Contributors

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CDFI Committee

Jake Franklin

Gary Henriott

David Kovich

Marie Morse

Cindy Murray

Joe Seaman

Sherry Walter

Employer Marketing Committee

Michael Budd

Roberta Crabtree

Clarinda Crawford

Jake Franklin

Russ Harvey

Marie Morse

Stephanie Patacsil

Community Loan Center Committee

Jim Slaven, President

Cindy Murray, Vice President

David Holder, Treasurer

Larry Lohmeier, Secretary

Rev. Clarinda Crawford

Norbert Fisher

Heather Hart

Russ Harvey

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

Sheila Talley, Administrative Assistant

CJ Brown, Part-time Housing Educator

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Board of Directors

Staff

Deb Kolczak

Jeff and Sherry Manny

Jason Rubsam

Office Volunteers

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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