2023-11-15T11:54:48-06:00 2023-03-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2022-04-01 850346325 HOMEWISE INC HOME 5059839473 1301 SILER ROAD BUILDING D SANTA FE NM 87507 MICHAEL LOFTIN CEO 5059839473 2023-11-13 1 MICHAEL LOFTIN 999009999 1 PAMELA ALEXANDERSON P01218925 5058787200 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL LOFTIN 1301 SILER ROAD BUILDING D SANTA FE NM 87507 25400817 0 X WWW.HOMEWISE.ORG X 1986 NM THE HOMEWISE MISSION IS TO HELP CREATE SUCCESSFUL HOMEOWNERS AND STRENGTHEN NEIGHBORHOODS SO THAT INDIVIDUALS AND FAMILIES CAN IMPROVE THEIR LONG-TERM FINANCIAL WELL-BEING AND QUALITY OF LIFE. 13 13 159 13 0 0 7292238 5922605 20350878 19194821 87813 60533 0 0 27730929 25177959 215206 1738 0 0 11470325 11642627 45199 38665 955440 9032741 10048800 20763471 21731830 6967458 3446129 208179950 228547267 130467756 147391387 77712194 81155880 THE HOMEWISE MISSION IS TO HELP CREATE SUCCESSFUL HOMEOWNERS AND STRENGTHEN NEIGHBORHOODS SO THAT INDIVIDUALS AND FAMILIES CAN IMPROVE THEIR LONG-TERM FINANCIAL WELL-BEING AND QUALITY OF LIFE. 0 0 16144518 1738 19194821 HOMEWISE PROVIDES FINANCIAL COUNSELING, PROPERTY DEVELOPMENT, GOVERNMENT PROGRAM ADMINISTRATION, LOW-INTEREST FIXED RATE MORTGAGES, HOME IMPROVEMENT LOANS, REFINANCE LOANS, MORTGAGE LOAN SERVICING, AND REAL ESTATE SALES. 16144518 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 5722 0 1 159 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 NM X X X DANIEL SLAVIN CFO 5057957599 1301 SILER ROAD BUILDING D SANTA FE NM 87507 KATHERINE ULIBARRI CHAIR 5.00 X X 0 0 0 ANNE MESSBARGER-EQUIA VICE-CHAIR 2.50 X X 0 0 0 JOSEPH KUNKEL TREASURER 2.50 X X 0 0 0 MARISSA RUYLE SECRETARY 2.50 X X 0 0 0 ERIKA CAMPOS BOARD MEMBER 1.50 X 0 0 0 SHELLE VANETTEN DE SANCHEZ BOARD MEMBER 1.50 X 0 0 0 AGNES NOONAN BOARD MEMBER 1.50 X 0 0 0 PAUL VOGEL BOARD MEMBER 1.50 X 0 0 0 JADE RIVERA BOARD MEMBER 1.50 X 0 0 0 JOSUE OLIVARES BOARD MEMBER 1.50 X 0 0 0 AMANDA KOCON BOARD MEMBER 1.50 X 0 0 0 ANDREW SPINGLER BOARD MEMBER 1.50 X 0 0 0 DAVID DELGADO BOARD MEMBER 1.50 X 0 0 0 MICHAEL LOFTIN CEO 40.00 X 293809 0 32504 DANIEL SLAVIN CHIEF REAL ESTATE DEV. OFFICER AND DEPUTY CFO 40.00 X 174622 0 26429 ELENA GONZALES COO 40.00 X 164328 0 18329 JOHANNA GILLIGAN CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 147369 0 26789 KELLY O'DONNELL CHIEF RESEARCH & POLICY OFFICER 40.00 X 175986 0 13039 CLARENCE SIMMONS CFO (THRU 03/31/23) 40.00 X 194834 0 27272 LAURA ALTOMARE PRESIDENT (THRU 12/16/22) 40.00 X 213507 0 29534 JILL COOK COO (THRU 07/29/22) 40.00 X 144295 0 10589 LINA PAGE SENIOR DIR, COMMS. (THRU 12/31/22) 40.00 X 126550 0 0 EUGENIO CHAVEZ REAL ESTATE DEV. CONSTRUCTION DIRECTOR 40.00 X 130239 0 16169 GLORIA CHAVEZ REAL ESTATE SALES MANAGER 40.00 X 110623 0 17548 AARON FOWLER QUALIFYING BROKER (THRU 03/16/23) 40.00 X 134762 0 18656 SHERYL KASSETAS LENDING OPERATIONS DIRECTOR 40.00 X 117609 0 24734 AMBROSE PENA QUALIFYING BROKER 40.00 X 134999 0 26261 2263532 0 287853 16 0 1 0 LITTLE BUBBA'S CONSTRUCTION LLC 523 PARKLAND VIEW NW ALBUQUERQUE NM 87120 CONSTRUCTION 5144096 TQM LLC 9798 COORS BLVD NW BLDG C ALBUQUERQUE NM 87114 CONSTRUCTION 5061317 SPARLING CONSTRUCTION INC PO BOX 90548 ALBUQUERQUE NM 87199 CONSTRUCTION 3374375 LOWE-BO HOMES LLC PO BOX 94385 ALBUQUERQUE NM 87199 CONSTRUCTION 1772668 PLATINUM SKY CONSTRUCTION INC 3831 THOMAS CT UNIT A SANTA FE NM 87507 CONSTRUCTION 1662377 13 5300121 622484 5922605 LOAN INTEREST AND SERVICING 522292 6905274 6905274 HOME SALES, NET 532000 6727535 6727535 ORIGINATION FEES 522292 2299962 2299962 COMMISSIONS 531390 2141659 2141659 MORTGAGE SERVICING RIGHTS 531390 756111 756111 364280 364280 19194821 59464 59464 223927 222858 1069 1069 1069 25177959 19194821 0 60533 1738 1738 1833649 1166745 527404 139500 7781325 6431330 868918 481077 454378 284080 153627 16671 837297 523314 272393 41590 735978 429037 258816 48125 527265 527265 105049 55227 22788 27034 95417 95417 38665 38665 451337 338503 112834 257249 257249 371984 33784 337852 348 255764 122767 104863 28134 81721 8949 59529 13243 3057530 2941384 116146 1155501 653696 501805 483944 105328 378616 CAPITAL GRANT EXPENSE 1453768 1453768 CLIENT SUPPORT SERVICES 821059 821059 CARRYING COSTS AND OTHE 199767 192582 7185 PROFESSIONAL DEVELOPMEN 167606 64458 94929 8219 563839 516769 47070 21731830 16144518 4631872 955440 13114063 13137947 23860974 13352461 799780 1345386 3750284 2558477 18531 17445 107117726 127019497 13672 0 452167 739953 14954811 4658303 10535870 10296508 48516883 60079593 208179950 228547267 3609492 4525484 3790495 5244911 4119792 4586222 88388872 96798376 22920000 28421238 7639105 7815156 130467756 147391387 X 75452677 78096993 2259517 3058887 77712194 81155880 208179950 228547267 X 3446129 -2943 500 X 0 1 X 1 1 1 X 8853155 5983505 10100965 7292238 5922605 38152468 8853155 5983505 10100965 7292238 5922605 38152468 1679808 36472660 7088 31274 4934 7992 59464 110752 38263220 91359769 0.95320 0.94710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1158768 1158768 4187388 6820001 2195505 8811884 9123 9123 0 2700670 2423517 277153 78861 30158 48703 10296508 MORTGAGE SERVICING RIGHTS 4250809 DEVELOPMENT COSTS 30565957 QUALIFIED LOW INCOME INVESTMENT- POB 20312843 DEPOSITS 8975 DEFERRED COMPENSATION INVESTMENT 29140 OTHER REAL ESTATE OWNED 4798573 RIGHT OF USE ASSETS 113296 60079593 DUE TO GRANTOR AGENCY 565519 COMMUNITY INVESTMENT NOTES 7076827 SECURITY DEPOSITS 52658 LEASE LIABILITY 120152 7815156 X PART IV, LINE 2B: THE CUSTODIAL ACCOUNT IS MAINTAINED ON BEHALF OF THE CUSTOMERS FOR WHICH THE ORGANIZATION HANDLES THE ESCROW. MONIES ARE RECEIVED AND HELD ON THE CUSTOMERS' BEHALF TO BE DISBURSED AT A FUTURE DATE TO PAY THEIR PROPERTY TAXES AND HOME INSURANCE. THE ESCROWS ARE BALANCED MONTHLY AND THE ACCOUNTS ARE ANALYZED ANNUALLY. ANY OVERAGES ARE SENT TO THE CUSTOMER. ANY SHORTAGES ARE COVERED BY INCREASING THE CUSTOMER'S ESCROW PAYMENTS. PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. X X 1 JACKSON WRITING AND RESEARCH 423 QUINCY ST NE ALBUQUERQUE NM 87108 GRANT WRITING 0 3000000 12665 2987335 SZ CONSULTING LLC 1507 RUSSELL ROAD ALEXANDRIA VA 22301 GRANT APPLICATION REVIEW/CONSULTING 0 660000 26000 634000 3660000 38665 3621335 NM X X X X 0 0 0 0 0 1 0 0 0 MICHAEL LOFTIN CEO 262084 0 31725 0 0 0 21384 0 11120 0 326313 0 0 0 LAURA ALTOMARE PRESIDENT (THRU 12/16/22) 187856 0 25651 0 0 0 15898 0 13636 0 243041 0 0 0 CLARENCE SIMMONS CFO (THRU 03/31/23) 171208 0 23626 0 0 0 16152 0 11120 0 222106 0 0 0 DANIEL SLAVIN CHIEF REAL ESTATE DEV. OFFICER AND DEPUTY CFO 153359 0 21263 0 0 0 14693 0 11736 0 201051 0 0 0 KELLY O'DONNELL CHIEF RESEARCH & POLICY OFFICER 175986 0 0 0 0 0 3323 0 9716 0 189025 0 0 0 ELENA GONZALES COO 145427 0 18901 0 0 0 12668 0 5661 0 182657 0 0 0 JOHANNA GILLIGAN CHIEF EXTERNAL AFFAIRS OFFICER 127118 0 20251 0 0 0 11836 0 14953 0 174158 0 0 0 AMBROSE PENA QUALIFYING BROKER 134999 0 0 0 0 0 11308 0 14953 0 161260 0 0 0 JILL COOK COO (THRU 07/29/22) 119994 0 24301 0 0 0 10077 0 512 0 154884 0 0 0 AARON FOWLER QUALIFYING BROKER (THRU 03/16/23) 134762 0 0 0 0 0 11062 0 7594 0 153418 0 0 0 PART I, LINE 3 THE ORGANIZATION USED AN INDEPENDENT COMPENSATION CONSULTANT TO DO A COMPENSATION STUDY FOR ITS TOP MANAGEMENT OFFICIAL. THIS WAS LAST COMPLETED IN 2018. PART I, LINE 6 THE DIRECTOR-LEVEL INCENTIVE COMPENSATION PLAN USES A CALCULATION OF TOTAL POOL AVAILABLE FOR DISTRIBUTION TO DIRECTORS BASED ON 15% OF TOTAL SALARIES OF ALL PARTICIPANTS, SELF SUFFICIENCY RATIO (RATIO OF REVENUE/EXPENSS) ACHIEVED, AND PERCENTAGE OF SERVICE UNITS COMPLETED. ELENA GONZALES OFFICER HOME IMPROVEMENT LOAN X 25000 17445 0 1 1 17445 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE CFO AND CONTROLLER REVIEW A COPY OF THE DRAFT FORM 990 FOR COMPLETENESS AND ACCURACY AND THEN SENDS IT TO THE FINANCE COMMITTEE FOR REVIEW. THE FORM 990 IS THEN PRESENTED TO THE BOARD. THE GOVERNING BOARD REVIEWS AND THEN APPROVES THE FINAL COPY, AT WHICH POINT THE TAX RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST AGREEMENT ANNUALLY. THEY MUST DOCUMENT ANY CONFLICT AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF A CONFLICT ARISES IN REGARD TO A BOARD MEMBER, THAT MEMBER IS NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS PROCESS INCLUDES THE USE OF OUTSIDE CONSULTANTS WITH COMPARABILITY DATA FOR A SIMILARLY QUALIFIED PERSON IN A COMPARABLE POSITION AT SIMILAR ORGANIZATIONS. ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. THE CEO ESTABLISHES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, SUBJECT TO THE REVIEW OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE ORGANIZATION'S FINANCIAL INFORMATION AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS ATTRIBUTABLE TO NON-CONTROLLING INTEREST 500. 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