NW HOMESTART INC
307 W MAIN ST, FREEPORT, IL 61032

Total Revenue
$760,873
Total Expenses
$733,215
Net Assets
$1,342,639

Organizations Filed Purposes: TO CREATE VIBRANT, HEALTHY COMMUNITIES IN NORTHERN ILLINOIS BY CONNECTING INDIVIDUALS AND FAMILIES TO BENEFICIAL, AFFORDABLE HOUSING RESOURCES AND BY LEADING COMMUNITY-BASED SOLUTIONS TO LOCAL CHALLENGES

HOME OWNERSHIP PRESERVATION: HOMESTART ASSISTS PEOPLE WHO ARE FACING FORECLOSURE. IN 2019, HOMESTART OFFERED A VARIETY OF OPTIONS FOR PEOPLE FACING FORECLOSURE, INCLUDING THE FORECLOSURE MEDIATION PROGRAM, AND THE ILLINOIS HARDEST HIT PROGRAM. WE ALSO ASSISTED MANY OTHERS WITH OBTAINING LOAN MODIFICATIONS AND ACCESSING OTHER PROGRAMS. IN 2019, HOMESTART ASSISTED OVER 74 FAMILIES AVOID FORECLOSURE. IN ADDITION, HOMESTART ASSISTED 2 FAMILIES WITH HOME REHABILITATION GRANTS IN ROCKFORD AND BELVIDERE.

HOME OWNERSHIP PROMOTION: HOMESTART PLACES AN EMPHASIS ON MAKING SURE OUR CUSTOMERS HAVE THE KNOWLEDGE THEY NEED TO BECOME SUCCESSFUL HOMEOWNERS. WITH OUR ONE-ON-ONE COUNSELING, WE CAN CUSTOMIZE AN INDIVIDUAL ACTION PLAN FOR EACH CUSTOMER, FOCUSING ON THE CRITICAL STEPS THEY NEED TO TAKE TO BE ABLE TO PURCHASE A HOME. WE ALSO PROVIDE A VARIETY OF EDUCATION OPTIONS, ALL DESIGNED TO ENSURE THAT PROSPECTIVE HOMEBUYERS HAVE DETAILED, COMPREHENSIVE INFORMATION ABOUT THE ENTIRE HOME-BUYING PROCESS. IN 2019, HOMESTART PROVIDED ITS HOMEBUYER EDUCATION SERVICES TO OVER 413 PEOPLE, AND ASSISTED 212 FAMILIES ACHIEVING FIRST-TIME HOME OWNERSHIP.

LOAN PROGRAM: INCLUDES THE COSTS ASSOCIATED WITH SERVICING A SMALL LOAN PORTFOLIO. THESE COSTS INCLUDE SUCH ITEMS AS LEGAL FEES, MAINTENANCE OF PROPERTIES OBTAINED THROUGH FORECLOSURE OR DEED IN LIEU, INSURANCE, TAXES, AND COSTS TO PREPARE PROPERTIES FOR SALE. CURRENTLY HOMESTART IS ONLY SERVICING A SMALL NUMBER OF LOANS. WE ARE NOT ORIGINATING ANY NEW LOANS AT THIS TIME.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Sarah BrinkmannEXECUTIVE DI40$62,038
Vanessa StantonDIRECTOR2$0
Anne SadlerDIRECTOR2$0
Kevin McilwainDIRECTOR2$0
Brandon KruseDIRECTOR2$0
Cathy JohnsonDIRECTOR2$0
Bjorn HullebergDIRECTOR2$0
Joyce HigginsDIRECTOR2$0
Stacy GulliksonDIRECTOR2$0
Felicia DavisDIRECTOR2$0
Thomas CrossDIRECTOR2$0
Jeanne AlmasySECRETARY2$0
Kim KirkpatrickVP2$0
Kirk PearsonPRESIDENT/TR4$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202021779349300722_public.xml