2024-09-06T15:11:11-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2023-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 MICHAEL SHINKONIS CFO 2485535400 2024-09-06 1 1 DOUGLAS S SOSKO P01009253 4197942000 2024-08-27 2023 2024-08-08 14:25:15Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 14063939 0 X WWW.995HOPE.ORG X 2003 MN TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP. 10 10 0 10 0 0 440000 120000 10430442 13710863 -229852 217075 2 16001 10640592 14063939 0 0 0 0 1623473 1363017 0 0 60000 8632745 12300965 10256218 13663982 384374 399957 10911422 11041312 3136624 2117216 7774798 8924096 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 11767252 0 12175971 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. 1229612 0 1277488 GENERAL COUNSELING: HPF PROVIDES COMPREHENSIVE HOMEOWNER EDUCATION AND CONFIDENTIAL FORECLOSURE PREVENTION COUNSELING AT NO COST TO HOMEOWNERS THROUGH THE HOMEOWNER'S 995HOPE HOTLINE. CERTIFIED HOUSING COUNSELORS, THROUGH AFFILIATED HUD-APPROVED NONPROFIT AGENCIES, SERVE THE HOMEOWNER'S 995HOPE 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 995HOPE HOTLINE HAS RECEIVED MORE THAN NINE MILLION CALLS AND HAS COUNSELED OVER TWO MILLION HOMEOWNERS SINCE 2007. THE HOTLINE RECEIVED MORE THAN 97,000 CALLS FROM HOMEOWNERS NAVIGATING FINANCIAL HARDSHIPS AND STRESS IN 2023. 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. 211546 0 220590 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. 13221 0 9050 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. 0 0 27764 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. 13221 0 36814 13221631 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 0 0 0 AL AR CA CT FL GA IL KS KY ME MD MA MI MN NH NJ NY NC OR PA RI SC TN UT VA WV WI MS HI OK X MICHAEL SHINKONIS CFO 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 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 2.00 38.00 X 0 506998 29468 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 284124 28779 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 6.00 34.00 X 0 327886 26536 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 40.00 0.00 X 0 188055 28240 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO 20.00 20.00 X 0 195332 33499 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 2.00 38.00 X 0 281526 28466 MICHAEL SHINKONIS DIRECTOR OF FINANCE AND ACCOUNTING 2.00 38.00 X 0 178452 23368 0 1962373 198356 0 0 1 0 GREENPATH FINANCIAL WELLNESS 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 13141112 1 120000 120000 COUNSELING FEES 541990 13683099 13683099 DISREGARDED LLC PROF S 541990 27764 27764 13710863 116628 116628 100447 0 100447 100447 100447 MISCELLANEOUS INCOME 900099 16001 16001 16001 14063939 13710863 0 233076 1161165 842255 318910 56703 44836 11867 69350 59209 10141 75799 56010 19789 5088 5088 2924 2924 60000 60000 10697 10697 21575 18640 2935 2985 2985 1666 1666 DIRECT PROGRAM EXPENSES 12196030 12196030 13663982 13221631 382351 60000 1809226 1825671 2522863 1952099 6376 6488 3492946 3492946 0 0 6572957 7257054 10911422 11041312 3054040 2042216 82584 75000 3136624 2117216 X 7774798 8924096 7774798 8924096 10911422 11041312 X 399957 687208 62133 X 0 1 X 1 1 1 X 1076019 676060 631441 440000 120000 2943520 5858570 8092725 6090796 10430442 13710863 44183396 6934589 8768785 6722237 10870442 13830863 47126916 0 0 0 47126916 225167 212115 116195 105103 110015 768595 225167 212115 116195 105103 110015 768595 6595 360 5926 2 16001 28884 7166351 8981260 6844358 10975547 13956879 47924395 0.98340 0.97690 0.01600 0.02270 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 6,595. 2020 AMOUNT: $ 360. 2021 AMOUNT: $ 5,926. 2022 AMOUNT: $ 2. 2023 AMOUNT: $ 16,001. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 60000 13604191 13664191 833210 208303 0 0 553372 485724 662811 833210 2535117 3802676 60000 60000 60000 60000 240000 138343 121431 165703 208303 633780 950670 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 0 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 0 397434 0 100000 0 9564 0 15500 0 13968 0 536466 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 0 268850 0 58826 0 210 0 15500 0 11036 0 354422 0 0 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 0 232753 0 51246 0 125 0 14321 0 14458 0 312903 0 0 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 0 221306 0 51700 0 8520 0 14453 0 14013 0 309992 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & 0 175315 0 16561 0 3456 0 10103 0 23396 0 228831 0 0 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 0 157090 0 30965 0 0 0 9697 0 18543 0 216295 0 0 MICHAEL SHINKONIS DIRECTOR OF FINANCE AND ACCOUNTING 0 162220 0 16232 0 0 0 9355 0 14013 0 201820 0 0 PART I, LINE 3 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 GREENPATH, INC. MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT GREENPATH, INC. CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE GREENPATH, INC. 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 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 C, LINE 19 HOMEOWNERSHIP PRESERVATION FOUNDATION'S 990 IS AVAILABLE 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 62,133. INNOVATIVE FINANCIAL SOLUTIONS LLC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 843298135 INNOVATE/PARTNER ON FINANCIAL WELLNESS OPPORTUNITIES MI 27764 0 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 CCCS OF PUERTO RICO INC 1607 PONCE DE LEON AVE CORBIANS PLA SANTURCE PR 00909 660471799 FINANCIAL CONSULTING SERVICES PR 501(C)(3) LINE 10 GREENPATH INC 0 GREENPATH INNOVATION DESIGN 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 923340798 PRODUCT DEVELOPMENT FOR UNDERSERVED POPULATIONS AND NONPROFIT MI 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