2023-07-21T10:36:10-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 43604 990 2022-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 RICHARD T HOLLIS CFO 2485535400 2023-07-20 1 RICHARD HOLLIS 999009999 1 DOUGLAS S SOSKO P01009253 4192443711 2023-07-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 11034816 0 X WWW.995HOPE.ORG X 2003 MN TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP. 10 10 0 11 0 0 631441 440000 6090796 10430442 779941 -229852 5926 2 7508104 10640592 0 0 0 0 1528727 1623473 0 0 60000 5185760 8632745 6714487 10256218 793617 384374 9859367 10911422 1552329 3136624 8307038 7774798 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 7181550 7608157 PRE-PURCHASE COUNSELING: HPF ADMINISTERS AFFORDABLE LENDING PROGRAMS ON BEHALF OF BANK AND NON-BANK MORTGAGE LENDERS. HPF PROVIDES LENDERS LOW TO MODERATE INCOME CLIENTS ACCESS TO HUD CERTIFIED HOUSING COUNSELORS TO SUPPORT THEIR ABILITY TO ATTAIN AND SUSTAIN HOMEOWNERSHIP. SOME OF THESE AFFORDABLE PROGRAMS INCLUDE ACCESS TO DOWN PAYMENT AND CLOSING COST ASSISTANCE IF THE BORROWER COMPLETES HOMEBUYER EDUCATION AND/OR ONE-ON-ONE HOUSING COUNSELING. 1357740 1438057 GENERAL COUNSELING: HPF PROVIDES COMPREHENSIVE HOMEOWNER EDUCATION AND CONFIDENTIAL FORECLOSURE PREVENTION COUNSELING AT NO COST TO HOMEOWNERS THROUGH THE HOMEOWNER'S HOPE HOTLINE. CERTIFIED HOUSING COUNSELORS, THROUGH AFFILIATED HUD-APPROVED NONPROFIT AGENCIES, SERVE THE HOMEOWNER'S HOPE HOTLINE. THE HOTLINE IS AVAILABLE 24X7 AND OFFERS EXTENDED LIVE OPERATOR HOURS M-TH 8-10 PM EST, F 8-8 PM EST AND SATURDAY 9-6 PM EST WITH CALLBACK SERVICE AVAILABLE OUTSIDE OF LIVE OPERATING HOURS. THE HOMEOWNER'S HOPE HOTLINE HAS RECEIVED MORE THAN NINE MILLION CALLS AND HAS COUNSELED OVER TWO MILLION HOMEOWNERS SINCE 2007. THE HOTLINE HANDLED MORE THAN 68,000 CALLS FROM CLIENTS IN 2022. HPF CLIENTS RECEIVE ONE-ON-ONE COUNSELING AND EDUCATION FOCUSED ON THEIR UNIQUE FINANCIAL CIRCUMSTANCES AND THEIR HOUSING GOALS. CALLERS ARE BETTER EQUIPPED AND CONFIDENT TO MAKE SOUND FINANCIAL DECISIONS AFTER PARTICIPATING IN HOUSING COUNSELING. 595675 631010 POST MODIFICATION PROGRAM: THE HPF MODEL FOR POST MODIFICATION COACHING DELIVERS A SCALABLE / NATIONWIDE DELIVERY MECHANISM THAT HAS THE CAPABILITY TO PROVIDE A HOLISTIC APPROACH COVERING A HOMEOWNER'S ENTIRE FINANCIAL SITUATION THROUGH HIGH-TOUCH COACHING AND EDUCATION. HPF WORKS TO HELP HOMEOWNERS IMPROVE THEIR FINANCIAL CAPABILITIES, ENABLING THEM TO SUCCESSFULLY SUPPORT THEIR MORTGAGE AND OTHER OBLIGATIONS. THE COACHING OCCURS OVER SEVERAL MONTHS AND IS COMPRISED OF TWO TO FOUR SESSIONS DEPENDING ON THE LOAN TYPE. 396787 420050 FORBEARANCE OUTREACH: HPF'S SUCCESSFUL POST-MODIFICATION FINANCIAL COACHING PROGRAMS EXTENDED ITS SERVICE TO SUPPORT BORROWERS FACING DIFFICULTY CONNECTING WITH THEIR SERVICER TO DISCUSS FORBEARANCE EXIT SOLUTIONS. 314082 333168 OTHER: IFS SUPPORTS AN INNOVATIVE HELP LINE FOR OLDER ADULTS AND THOSE WITH DISABILITIES, CONNECTING THEM WITH MUCH NEEDED BENEFITS. THE COST- FREE SERVICE IS PROVIDED DIRECTLY TO CLIENTS AND CAREGIVERS, REVIEWING POTENTIAL ELIGIBILITY FOR ASSISTANCE PROGRAMS THAT CAN HELP PAY FOR HEALTH CARE, MEDICINE, FOOD, UTILITIES, AND MORE. GUIDANCE IS PROVIDED ON PROGRAMS THAT MAY BE AVAILABLE, NEXT STEPS ON APPLICATION AND/OR REFERRAL TO A BENEFITS ENROLLMENT SPECIALISTS. THOUSANDS OF CLIENT CALLS ARE HANDLED EACH YEAR PROVIDING A LIVE VOICE AND SUPPORTIVE EXPERT TO HELP THEM NAVIGATE OPPORTUNITIES TO LESSEN FINANCIAL BURDEN AND IMPROVE QUALITY OF LIFE. 710869 753218 9845834 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA IL KS KY ME MD MA MI MN NM NH NJ NY NC OR PA RI SC TN UT VA WV WI MS HI OK X RICHARD T HOLLIS 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 CAREY PACHLA CHAIR 1.00 1.00 X X 0 0 0 MICHELLE GREENE VICE CHAIR 1.00 1.00 X X 0 0 0 ANTHONY ZAMBELLI TREASURER 1.00 1.00 X X 0 0 0 WILLIAM RICHARDS SECRETARY 1.00 1.00 X X 0 0 0 JOHN FIRTH DIRECTOR 1.00 1.00 X 0 0 0 BRUCE GOTTSCHALL DIRECTOR 1.00 1.00 X 0 0 0 JOE LAFEIR DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL POULOS DIRECTOR (LEFT 11/2022) 1.00 1.00 X 0 0 0 JOSHUA SLEDGE DIRECTOR 1.00 1.00 X 0 0 0 SHAWN STEWART DIRECTOR 1.00 1.00 X 0 0 0 JANE SYDLOWSKI DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN HOLT PRESIDENT & CEO 4.00 36.00 X 0 504816 38113 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 274276 39530 DONNA MCNEILL CHIEF OPERATING OFFICER 6.00 34.00 X 0 352175 45727 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 6.00 34.00 X 0 321561 35134 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 40.00 X 0 178991 43294 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO 20.00 20.00 X 0 183316 52465 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND 20.00 20.00 X 0 158344 46886 0 1973479 301149 10 0 1 0 GREENPATH FINANCIAL WELLNESS 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 6565103 1 440000 440000 COUNSELING FEES 541990 10097274 10097274 DISREGARDED LLC PROF SERVICES 541990 333168 333168 10430442 105103 105103 59269 394224 -334955 -334955 -334955 MISCELLANEOUS INCOME 900099 2 2 2 10640592 10430442 0 -229850 1417374 1125366 292008 55610 45121 10489 76414 65448 10966 74075 56280 17795 86 86 2678 2678 60000 60000 10583 10583 35330 33961 1369 2198 2198 4603 1683 2920 1490 1490 DIRECT PROGRAM EXPENSES 8515777 8515777 10256218 9845834 350384 60000 1143104 1809226 972767 2522863 6430 6376 3492946 3492946 0 0 7737066 6572957 9859367 10911422 1552329 3054040 82584 1552329 3136624 X 8307038 7774798 8307038 7774798 9859367 10911422 X 384374 -932012 15398 X 0 1 X 1 1 1 X 1496579 1076019 676060 631441 440000 4320099 6331304 5858570 8092725 6090796 10430442 36803837 7827883 6934589 8768785 6722237 10870442 41123936 0 0 0 41123936 298940 225167 212115 116195 105103 957520 298940 225167 212115 116195 105103 957520 180 6595 360 5926 2 13063 8127003 7166351 8981260 6844358 10975547 42094519 0.97690 0.97870 0.02270 0.02100 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 180. 2019 AMOUNT: $ 6,595. 2020 AMOUNT: $ 360. 2021 AMOUNT: $ 5,926. 2022 AMOUNT: $ 2. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 60000 10196218 10256218 662811 165703 0 0 483334 553372 485724 662811 2185241 3277862 60000 60000 60000 60000 240000 120834 138343 121431 165703 546311 819467 3492946 3492946 0 0 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION DETERMINED IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS X X X X X X 0 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 0 382250 0 112500 0 10066 0 15250 0 22863 0 542929 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 0 272183 0 68000 0 11992 0 15250 0 30477 0 397902 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 0 258984 0 62250 0 327 0 15250 0 19884 0 356695 0 0 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 0 221786 0 49823 0 2667 0 13829 0 25701 0 313806 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & 0 166191 0 16642 0 483 0 9503 0 42962 0 235781 0 0 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 0 154064 0 22260 0 2667 0 9239 0 34055 0 222285 0 0 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND 0 144672 0 13171 0 501 0 8202 0 38684 0 205230 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF HOMEOWNERSHIP PRESERVAON FOUNDAON (HPF) IS GREENPATH, INC. FORM 990, PART VI, SECTION A, LINE 7A HOMEOWNERSHIP PRESERVATION FOUNDATION (HPF) IS A SOLE MEMBER STRUCTURE, WHERE THE SOLE MEMBER OF HPF IS INVOLVED IN SIGNIFICANT GOVERNANCE AND FINANCIAL DECISIONS INCLUDING THE FINAL AUTHORITY OVER THE COMPOSITION OF THE BOARD OF DIRECTORS OF HPF. FORM 990, PART VI, SECTION A, LINE 7B HOMEOWNERSHIP PRESERVATION FOUNDATION (HPF) IS A SOLE MEMBER STRUCTURE, WHERE THE SOLE MEMBER OF HPF IS INVOLVED IN SIGNIFICANT GOVERNANCE AND FINANCIAL DECISIONS INCLUDING THE FINAL AUTHORITY OVER THE COMPOSITION OF THE BOARD OF DIRECTORS OF HPF. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT E-MAILS A DRAFT COPY TO ALL BOARD OF DIRECTOR MEMBERS, AND FEEDBACK IS SOUGHT FROM THE BOARD OF DIRECTOR MEMBERS PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C HOMEOWNERSHIP PRESERVATION FOUNDATION REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THIS FORM ASKS FOR ANY MATERIAL INTERESTS OR AFFILIATION WHICH ARE, OR ARE LIKELY TO BECOME, CONFLICTS OF INTEREST. POTENTIAL CONFLICT CIRCUMSTANCES WHICH ARISE DURING THE COURSE OF THE YEAR ARE REQUIRED TO BE REPORTED TO THE BOARD OF DIRECTORS. BOARD MEMBERS MUST EXCUSE THEMSELVES FROM DISCUSSION ABOUT OR VOTING ON ANY TRANSACTIONS IN WHICH THEY MAY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD RELIES ON AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT TO COLLECT COMPARABILITY DATA, ASSESS MARKET TRENDS AND MAKE RECOMMENDATIONS ON THE CEO'S COMPENSATION PACKAGE. THE SAMPLE OF COMPARABLE ORGANIZATIONS IS COMPOSED OF ORGANIZATIONS FROM WHICH HOMEOWNERSHIP PRESERVATION FOUNDATION MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT HOMEOWNERSHIP PRESERVATION FOUNDATION'S CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE HOMEOWNERSHIP PRESERVATION FOUNDATION HAS SIGNIFICANT PRESENCE. SPECIFIC DEGREE OF COMPARABILITY IS BASED ON A) GROSS RECEIPTS AND B) TOTAL ASSETS. THE BOARD APPROVAL OF THE PRESIDENT/CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 HOMEOWNERSHIP PRESERVATION FOUNDATION'S 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG OR UPON REQUEST. THE ANNUAL REPORT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DISCOUNT ON TREASURY NOTE 15,398. INNOVATIVE FINANCIAL SOLUTIONS LLC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 843298135 INNOVATE/PARTNER ON FINANCIAL WELLNESS OPPORTUNITIES MI 333168 217860 HOMEOWNERSHIP PRESERVATION FOUNDATION GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 386142925 COUNSELING MI 501(C)(3) LINE 10 GREENPATH INC 0 RURAL DYNAMICS INC 410 CENTRAL AVENUE 401 GREAT FALLS MT 59401 810303443 DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION MT 501(C)(3) LINE 7 GREENPATH INC 0 CCCS OF DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 HOUSING, FINANCIAL EDUCATION PA 501(C)(3) LINE 10 GREENPATH INC 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0