1. 2013-2014 AnnualReport
Our Mission:
Assist in providing
decent, safe, and affordable
housing and revitalizing
neighborhoods to improve
the quality of life in our
communities.
BUY,FIX,KEEP:
BUILDINGNEIGHBORHOODSTOGETHER

2. Dear Friends & Partners:
2013 was a year of full of growth, challenges, and milestones. Our
appreciation and gratitude is extended personally to each and every one
of our supporters; your selfless efforts are making way for a stronger, more
vibrant community that we call home.
Affordable homeownership opportunities and resident-led community
engagement efforts are building strong and resilient communities
throughout Western South Dakota.
NeighborWorks® Dakota Home Resources’ community outreach
program had over 1600 volunteers donate 27,000 hours of their time to
improve our community. Volunteers pariticpated in neighborhood block
club engagements such as Paint the Town, Warm & Safe, Plant Swap and
Group WorkCamps.
In July of 2013, NeighborWorks Dakota Home Resources welcomed 433
teenagers and adult leaders from all over the country to participate in
the 7th Annual Group WorkCamps. Christian volunteers traveled to the
Northern Hills to perform house repairs of all varieties. Together the
volunteers logged 12,990 hours, performing more than $120,000 worth
of work on 57 homes. All of the materials were purchased through
in-kind and monetary donations. Many of the homeowners would have
never been able to improve their home without the volunteers and the
community’s generous donations.
In 2013, NeighborWorks® Dakota Home Resources invested over
$200,000 in home rehab funds to provide 23 homeowners with
opportunities to improve the health and safety of their home. Preserving
our communities’ stock of existing homes is vital to the sustainability and
future growth of our community.
NeighborWorks® has assisted families with homeownership
opportunities for over twenty years, and in 2014 we reached the
landmark achievement of 1,000 families in homes. This joyous landmark
is not celebrated alone, it takes a web of interlocking partners to develop
and sustain healthy, vibrant communities. None of us can do it alone.
Thank you to all who contributed to NWDHR’s ongoing Campaign for
Homeownership. For every dollar NeighborWorks® Dakota Home
Resources receives we are able to leverage $36 additional dollars to fund
our programs and services. Whether through volunteering or capital
contributions, we are able to maximize local and federal funds to achieve
our mission thanks to great partners like you.
On behalf of the board of directors and staff of NeighborWorks®
Dakota Home Resources, I thank you for your support in making the
dream of homeownership a reality for our families.
Sincerely,
Eric Fowler - NWDHR Board President
NeighborWorks® Dakota Home Resources,
Executive Director, Joy McCracken & Board President, Eric Fowler

3. 1,000 families! NeighborWorks® Dakota Home Resources Campaign for Homeownership celebrated a
major milestone and welcomed the Anderson family into their new home. Kelly Anderson and her two
children are now the proud owners of a 3 bedroom South Dakota Housing Governor’s House in Sturgis.
The Andersons are the 1,000th homebuyers to purchase a home through NeighborWorks® Dakota Home
Resources. NeighborWorks® assisted with the purchase and construction of the Governor’s House and the
lot. The family had been crammed into a 2-bedroom apartment that was very hard for her son to get around
in his wheelchair. “The apartment was very small; we are so excited to have more space,” Kelly Anderson
explained.
Kelly decided to purchase the Governor’s House because of the affordability factor. “We looked for existing
homes in Sturgis, and could not find anything that would fit our needs.” Anderson explained. The Governor’s
House has two bedrooms, one bath, and 1,008 square feet, with options to build with a basement. The
Anderson home has a finished basement that her son will be utilizing as his living quarters.
Thanks to the partnerships between NeighborWorks® Dakota
Home Resources, South Dakota Housing Development
Authority, and USDA Rural Development, Kelly’s mortgage
payment will be comparable to the rent that she was paying
for the much smaller apartment.
Kelly Anderson utilized USDA Rural Development 502 Direct
Program. 502 Direct loans are primarily used to help low-
income individuals or households purchase homes in rural
areas. The program extends the terms of the loan creating
more affordable payments for the homeowner.
“USDA is pleased to be a part of this recognition ceremony,”
said USDA Rural Development State Director Elsie Meeks. “Owning your first home is a big step and huge
accomplishment. We want to celebrate this milestone to highlight the efforts that make homeownership
possible and thank NeighborWorks® Dakota Home Resources for their hard work.”
Since 1992, NeighborWorks Dakota Home Resources has been assisting families with homeownership
opportunities. “NeighborWorks® Dakota Home Resources could not do the work we do without our
partners and supporters. Safe, decent and affordable housing is essential for the economic growth and health
of our community,” stated NeighborWorks Executive Director Joy McCracken.
Achieving the Dream of Homeownership:
Home Matters To
NeighborWorks® Dakota Home
Resources:
Total Families Assited
with Homeownership Since 1992:
1,005
First Time Home Buyers in 2013
47
“Being a home owner is great! I can do what I want and I don’t have to ask anyone!”- Kelly Anderson
Home is where we’re protected. It’s where our health
and spirits are restored. It’s where we become
empowered, encouraged, and inspired.
Health: Healthyhabitstakerootmoreeasilyinstable,affordablehomes.
Childrengrowstrongandadultsstaywell,andlivebetter.
Education: Childreninstablehomeslearnandachievemoreinschool.Home
helpsleveltheplayingfield.
Community: Homerechargesusfortheworkorschooldayahead,sowe
betterengagewiththeworldaroundus.WhenwetakeprideinourHome,we
cantakeprideinourcommunityandmakeitasaferplacetolive.
Economy: Byhavingahomethatisaffordable,peopleofallincomelevels
havemoretospendandsupporttheeconomy.

4. Margaret Koch did not know what she was going to
do when her home repair cost began to wear down her
finances. She had only lived in her home for two years
and the cost of major plumbing and home maintenance
repairs were becoming too costly and overwhelming for
her monthly fixed income.
As a first time homebuyer Margaret thought she had
done everything to ensure that she was purchasing a
home that would fit her needs and budget. Margaret
stated that two home inspections were completed and
both concluded that the home was not in need of any
major repairs. It was shortly after Margaret moved in
that her plumbing started backing up and causing issues.
“I had plumber after plumber come in and try to fix
the issue.” She had hired a company to go inside the
plumbing and replace a pipe that had collapsed. Once
the company notified her that the work was completed
she was still facing regular plumbing and back up issues.
“Even after I fixed the problem, I was spending nearly $200 a month on plumbing repairs,” Margaret explained. “It was not until I found NeighborWorks® that there
was light at the end of the tunnel…I called NeighborWorks and Robert was here the next week. They helped me find contractors to fix my plumbing issues, and also
discovered that the original work was not completed.” Margaret explained
NeighborWorks® Dakota Home Resources worked with Margaret to find a contractor that could complete the necessary home repairs at a cost that she could
afford. “I would not have been able to complete these repairs without NeighborWorks®. I will have a small loan payment, but it is a payment I can afford.” Margaret
explained. “If I would not have found NeighborWorks, I would have had to sell my home.”
NeighborWorks® Dakota Home Resources is able to provide low interest rate loans and forgivable loans for home rehabilitation and repair projects throughout
Western South Dakota, thanks to the support from NeighborWorks® America, South Dakota Housing Development Authority, US Bank and Wells Fargo Bank.
NeighborWorks® Dakota Home Resources completes around thirty home rehab projects annually. Assistance ranges from replacement of furnaces and hot water
heaters, to updating electrical and plumbing in homes. In 2013, NeighborWorks Dakota Home Resources invested over $100,000 into preserving and rehabbing
affordable homes throughout Western South Dakota.
Margaret explained that she could not have been happier with the contractors that completed the repairs. “They did quality work, and NeighborWorks® was there
for me whenever I had any questions.”
23 Families were assisted in 7 communities with home rehab:
Lead: 4 Deadwood: 1
Edgemont: 1 Rapid City: 13
Sturgis: 2 Black Hawk: 1
Piedmont: 1
NeighborWorks® Dakota Home Resources assisted 23 families
with home rehab and repairs in 2013. Assistance consisted
of replacement of furnaces and hot water heaters to updating
electrical and plumbing in homes.
NeighborWorks® Dakota Home Resources believes that
rehabilitation of properties is an effective way to preserve
affordable homes. In fiscal year 2013, NeighborWorks® Dakota
Home Resources invested over $100,000 into preserving and
rehabbing affordable homes throughout Western South Dakota.
NeighborWorks® Dakota Home Resources Home Rehab ProggramPreserving the Dream of Homeownership:
“If I would not have found NeighborWorks®, I would have had to sell my home.”- Margaret Koch

5. Sustaining the Dream of Homeownership:
“Knowing that I did this all on my own is just an amazing feeling.”
NeighborWorks® client, Stephani Kunkel explained. Spearfish has always
been home to Stephani. Her family lives here, her job is here, and it is the
community she wants to live in. “I grew up in Spearfish and I want to lay
roots down here.”
Even with a good job and working her way into a management position, her
options for quality affordable rentals were limited. “I was living in a small
studio apartment and felt like I would never be able to afford anything with
more than one room.” Stephani explained.
Like many young adults she did not think homeownership and a mortgage
would fit into her budget. “Owning a home did not seem possible. I thought,
I am only 23 and how can I do this on my own?” Stephani stated. It was not
until her mother heard about South Dakota Housing’s Governor’s House
Program that Stephani realized that homeownership was a possibility.
Stephani contacted her local bank to look into her options and the idea of homeownership began to take form.
The Governor’s House was a perfect fit for Stephani. “There is plenty of room for me, and if I have a family
someday there will be room to expand.” The 1,008 square feet house has two bedrooms and one bath, with
the option to build a full basement. Stephani’s home will have a complete unfinished basement. South
Dakota Housing delivered and placed the home on the foundation in July, and NeighborWorks® Dakota Home
Resources completed the remaining construction in September.
To create an affordable monthly payment Stephani also utilized Dakota Land Trust (DLT). DLT was established
to create a supply of affordable homes for low to moderate-income households in the communities of Western
South Dakota. DLT purchases the lot and places the land in a 99 year ground lease. Taking the cost of land
out of her purchase price will allow her to have manageable monthly payments and afford to keep her home.
Together NeighborWorks® Dakota Home Resources, Dakota Land Trust, USDA Rural Development, South
Dakota Housing Development Authority, and First Interstate Bank created an affordable homeownership
opportunity for Stephani. Her mortgage payment will be comparable to the rent that she was paying for the
much smaller apartment, and she is investing into her future and community.
Thanks to the support from organizations
throughout South Dakota, Dakota Land
Trust (DLT) has entered into it’s sixth year of
operation.
Dakota Land Trust offers unique
homeownership opportunities for families in
communities while maintaining affordable
housing for the future. Their mission is to
create opportunities and foster stewardship of
permanently affordable housing for low-income
and moderate income families and individuals.
Through this mission DLT has been able to
provide affordable housing for 22 families
throughout seven communities.
The partnerships and contributions from South
Dakota Housing Development Authority, Black
Hills Vision, City of Spearfish, The City of
Rapid City, and NeighborWorks® Dakota Home
Resources have been crucial for DLT’s success.
Dakota Land Trust looks forward to creating and
strengthening new and existing partnerships that
will allow DLT to reach their goal of assisting 10
families every year.
Dakota LandTrust:
Communities Need
Affordable Housing to BeVibrant and
Resilient.
“I grew up in Spearfish and I want
to lay roots down here.”
-Stephani Kunkel

6. In April of 2013, NeighborWorks® Dakota Home Resources and the College Park Block Club received
support from Rapid City Parks and Recreation and the City of Rapid City to create a neighborhood pocket
park on a vacant city lot located in North Rapid.
The space once was a park, but due to deterioration the equipment was removed and the lot was left vacant.
With the increase of children in the neighborhood, it became apparent to the residents they needed to create
something to entertain and keep the children safe. A community pocket park was their solution.
For over a year residents and volunteers worked together to build Willow Park, and on September 13th, 2014
over 120 volunteers created a beautiful play space.
Lemmon Avenue used to be one of the busiest neighborhoods for police in Rapid City, but those days
are in the past. In 2009 NeighborWorks® Dakota Home Resources partnered with the Rapid City Police
Department and the residents of Lemmon Avenue to form the College Park Block Club.
Five years into the partnership, the neighborhood has seen a turn around. Today, signs of community can be seen through the commitment of the residents from
well-maintained owner-occupied and rental homes, to groomed public areas, such as the College Park Community Garden and now Willow Park.
Residents and local youth played a vital role in creating Willow Park. Their ideas created a unique play space that children of all ages and abilities can enjoy. Their
involvement created ownership, and the ownership is the parks’ salvation; children won’t want to see it vandalized or trashed because it is their park.
The positive outcome of Willow Park is a reflection of the amazing opportunities that can be created through neighborhood revitalization and grass roots
commitments. Community revitalization is not possible without partners and volunteers. Support from local and national organizations provided over $50,000
in monetary and in-kind donations to complete the Willow Park project; and although monetary funds are required for such a large scale community project, the
support and encouragement that the entire community offered is the biggest pay off of all.
“Litter, broken windows and graffiti can snowball into increase deterioration and crime, conversely improvements
and a sense of ownership can also snowball and lift a neighborhood out of crime.”- John Olson, RCPD
Community Revilization:Willow Park

7. 2013 Financial Report :
NWDHR would like to thank everyone that made a contribution in 2013.
Please visit out web site for a complete list of 2013 contributors.
Balance Sheet 2013
Assets
Cash...................................$323,157
Cash Restricted for Loans..$308,667
Loan Receivable................$265,233
Inventory Property ............$1,068,363
Prepaid Expenses ..............$10,825
Property and Equipment
Office Building...............$448,799
Other Rental Buildings...$1,657,889
Furniture.........................$186,657
Depreciation...................($410,188)
Investments
Loan Receivables............$1,294,295
Restricted Cash
& Debt Reserve...............$1,002,293
Total.................................6,155,990
Current Liabilities
Current Portion of Debt.....$417,494
Accrued Expenses.............$89,079
Account Payable...............$61,941
Long Term Liabilities
Long Term Debt............$2,671,700
Net Assets
Unrestricted..................$1,362,224
Temporarily Restricted......$40,701
Permanently Restricted..$1,512,851
Total.............................$6,155,990
NeighborWorks® Dakota Home
Resources Partners
Adams- Mastervich Family Foundation
Black Hills Power
Black Hills Vision
Town of Central City
City of Deadwood
Deadwood Historic Preservation
City of Edgemont
City of Lead
City of Spearfish
City of Sturgis
Citi Foundation
Community Development Financial Institution
Deadwood Gaming Association
Homeowenership Education Resource Organization
Lawrence County
Meade County
NeighborWorks® America
Pro-Build- Spearfish
U.S Department of Housing and Urban Dev.
South Dakota Housing Dev. Authority
Twin City Hardware
United Way of the Black Hills
USDA Rural Development
US Bankcorp Community Dev. Corporation
Wells Fargo Community Dev. Corporation
West River Electric - Rapid City
NeighborWorks® Dakota Home Resources
2013 Contributors
Gold Leader (Investment of $10,000 or More)
Adams Mastrovich Family Foundation
First Interstate Bank
NeighborWorks® America
Community Leader (Investment of $5,000-$9,999)
Meade County
Community Builder (Investment of $2,500-$4,999)
City of Sturgis
City of Deadwood
First Interstate BancSystem Foundation
City of Spearfish
Black HIlls Power
Block Builder (Investment of $1,000-$2,499)
City of Lead
Del’s Construction
Rushmore Radio
Alliance of Churches
City of Belle Fourche
First Wesleyan Church
Knights of Columbus #6341
Neighbor (Investment of $100-$999)
Deadwood Elks Lodge #508
Sheryl Eisenbraun
Pioneer Bank & Trust
Homestake & Barrick
Community Action Western S.D
Ron Everett
Wharf Resources (USA) Inc
Re/Max in the Hills
John Carlson
Twin City Hardware
Todd Duex
Town of Central City
James & Rita Edwards
Lawrence Land Title
Larry & Cindy Griffin
Shawn Rost
Sturgis Chamber of Commerce
Deb Fegueroa
Dennis Bridenstein
First National Bank-Edgemont
Norma Allen
First United Methodist Church
Steven Fox Dentistry
Northern Hills FCU
Rapid Foundation Repair
Joy & Dave McCracken
RCPD Fraternal Order of Police
Terry Peak Ski Resort
Joel Edgar
Bill Meehan
Devils Tower Trading Post
Kiwanis c/o Diana Mathisrud
Larson Properties
Linda Flack Trucking
Brandon Bestgen
Jason and Dana Boke
First National Bank
Troy & Rheta Reagan
Stretch’s Glass & Mirror
Trinity United Methodist Church
Westridge Properties
Anne Cassens
Carol McMann
Fred Straub
Winfred Straub
Heidi McBride
Dee Black
First Interstate Bank- Sturgis
Black Hills Wine Tours
Lead Country Club
One Way Service Pros
Ainsworth-Benning Construction
Eric & Trayce Fowler
Jim & Beverly Posey
Round House Liquor
Dick & Mona Tinker
Bryan Walker

8. NeighborWorks® Dakota Home Resources
795 Main Street
Deadwood, South Dakota 57732
605-578-1401
www.neighborworksdhr.org
Facebook@NeighborWorksSD
STAFF
Joy McCracken
Executive Director
Tammera Biller
Edgemont Community Outreach
Michael Dennis
Assistant
Lonnie Haugland
Accountant
Kayla Kinard
Belle Fourche Housing Coordinator
Tim Meek
Loan Counselor
Carol McMann
Loan Counselor
Dennis Rentz
Construction Manager
Susan Stevens
Property Manager/Accounting
Krystal Stulken
Funds Manager
Tracy Thacker
Community Outreach Coordinator
Robert Thorp
Home Rehab Specialist
Stephany Valkenburg
Marketing Director/Dakota Land Trust
Denese Wade
Administrative Assistant/Property Manager
Mike Walker
Lending Director
Vicki Wilks
Loan Processor
BOARD OF DIRECTORS
Eric Fowler
President
Dee Black
Vice President
Floyd Rummel, III
Treasurer
Tom Adams
Secretary
Amy Young Bear
Larry Griffin
Chuck King
TJ Larson
Heidi McBride
Dusty Pinsky
Jim Phillips
Stephen Reichert
In accordance with Federal Law and U.S. Department
of Agriculture policy, this institution is prohibited from
discriminating n the basis of race, color, national origin,
age, disability, religion, sex, and familial status ( Not all
prohibited bases apply to all programs).
How CanYou Support NeighborWorks® Dakota Home Resources?
NeighborWorks® Dakota Home Resources is a 501(c)(3) charitable
organization and relies on financial and in-kind contributions
from individuals, foundations, corporations, and business and civic
organizations in order to provide affordable housing and revitalize
neighborhoods throughout our communities. Charitable support from
the community is essential to our work.
Your Support Helps UsTo:
Develop permanently affordable housing.•
Provide homeownership education and lending services to help•
people purchase a home within their means.
Help homeowners in danger of foreclosure come to a successful•
resolution with their housing trouble.
Engage in neighborhood activities that positively impact•
communities.