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The Center has taken proactive steps to rebuild recognition of the Center within the community, outreach to banks, develop partnerships with county and state programs, and submitted funding requests to more than 20 foundations, financial institutions and/or corporations for$94,500 in an effort to diversify our funding. The Center emerged from its organizational audit period with audited financial statements, comprehensive review and restructure of the operating budget,and strong accounting practices and disciplines.The Center has undergone a paradigm shift on fundraising:The Board has realized that the mission of the organization is not as competitive in fundraising against other social needs organizations, such as the Humane Society. The Center is shifting its financial outreach to fozus on housing-related services as an employee wellness program targeting local businesses and corporations. The Center is outreaching to human resource directors to develop fee for service plans to provide financial education and related services to their employees. Center Services The Center established itself as an Independent 501 (c)(3) non-profit organization to increase its potential to serve the community and position the organization to receive funding from public, private, and philanthropic organizations. In 2010, U.S. Department of Housing and Urban Development (HUD) accredited the Center as a HUD Certified Housing Counseling Agency. Since opening its doors in 2005, the Center has provided services to over 10,000 Tri-Valley residents. The TVHOC has tracked households seeking more intensive services since 2007 through Home Counselor Online,a HUD approved database management system, including financial education,homebuyer education, mortgage delinquency and default counseling, and one-on-one counseling services. During fiscal years 2008 through 2010, with the TVHOC struggling financially, the Center was unable to fully connect with consumers needing vital services. However,with the support of the Tri-Valley jurisdictions for FY2011-12,the number of households served doubled from 160 households in FY 2010 to 327 households in FY2011 as demonstrated in the below chart. Center Property Acquisition/Overview The Center purchased the buildings on June 1, 2007 for approximately$1,000,000. At the time of purchase,the Center secured several loans to finance both the acquisition and rehabilitation of the 141 North Livermore Avenue office space. Table 1 below is a chart of loans, lenders, and terms. The Northern California Community Loan Fund (NCCLF) and Livermore loans also include a portion of the acquisition/closing costs associated with the purchase. TABLE 1 - Property Acquisition Loans NCCLF Mortgage Livermore Previous Owners Total Note Principal $662,265 $500,000 $50,000 $1,112,265 Amount • 3 years; Loan Terms • Monthly Interest Only Payments are residual Balloon Payment Payments;and of income dollars. due June 1,2012 - • Balloon Payment of $662,265 due June 1,2012 Interest 7.75% 3% 5% - Rate Monthly $4,419 -0- -0- $4,419 Payment The Center owns two buildings located at 141-149 North Livermore Avenue in downtown Livermore. The 141 North Livermore Avenue building is a 2,200 square-foot, two-story structure built in 1876 composed of a 1,300 square-foot, first floor office space occupied as headquarters by the Center and a second-floor,900 square-foot apartment currently Page 2