2025-11-11T11:38:38-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2024-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 MICHAEL SHINKONIS CHIEF FINANCIAL OFFICER 2485535400 2025-11-10 1 1 DOUGLAS S SOSKO P01009253 4197942000 2025-11-10 2024 2025-03-06 01:10:19Z SEE SCHEDULE O ACCELL MEMBERS FINANCIAL COUNSELING KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 63175138 0 X WWW.GREENPATH.ORG X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 10 10 500 10 0 0 16991900 8151756 36231059 36543439 405505 2218201 36107 15774 53664571 46929170 0 0 0 0 31700484 31617352 0 0 1909358 14332746 13467804 46033230 45085156 7631341 1844014 68941571 69133447 21454999 19879892 47486572 49253555 EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 0 0 37677833 0 36543439 CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, PRE-FILING BANKRUPTCY COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES TO PEOPLE IN ALL 50 STATES. IN 2024, WE PROVIDED THESE CREDIT AND DEBT COUNSELING SERVICES TO ABOUT 73,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 60,000 PEOPLE REPAY MORE THAN $220 MILLION IN DEBT. 1735625 0 0 HOUSING COUNSELING: AS A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) INTERMEDIARY AND HOUSING COUNSELING AGENCY, GREENPATH PROVIDES MORTGAGE/RENT DELINQUENCY COUNSELING, PRE-PURCHASE HOME BUYER COUNSELING AND EDUCATION, AND REVERSE MORTGAGE (HECM) COUNSELING TO PEOPLE IN ALL 50 STATES. IN 2024, WE PROVIDED THESE HOUSING COUNSELING SERVICES TO ABOUT 40,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS. 39413458 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 47 0 1 500 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL CA CO CT DC FL GA IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X MICHAEL SHINKONIS CFO 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 KRISTEN HOLT PRESIDENT & CEO 30.00 10.00 X 474384 0 45242 SIREESHA MANDAVA CIO 38.00 2.00 X 325434 0 38443 DONNA MCNEILL COO 40.00 0.00 X 332592 0 50951 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 35.00 5.00 X 263194 0 41461 DAVID FLORES CLIENT SVCS & PROGRAM PERFORMANCE 32.00 8.00 X 231842 0 40038 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 40.00 0.00 X 238944 0 46251 YOGITA KRISHNAMURTHY DIRECTOR OF DATA & ANALYTICS 40.00 0.00 X 201573 0 1901 MICHAEL SHINKONIS CFO (BEGAN SERVICE 08/2024) 25.00 15.00 X 187083 0 37796 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT 20.00 20.00 X 188985 0 57579 RICHARD T HOLLIS CFO (SERVED UNTIL 09/2024) 23.00 17.00 X 265414 0 11485 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 32.00 8.00 X 161521 0 51028 BRADLEY JOHNSON SOFTWARE DEVELOPMENT MANAGER 40.00 0.00 X 153748 0 50611 CAREY PACHLA CHAIR 1.00 2.00 X X 0 0 0 MICHELLE GREENE VICE-CHAIR 1.00 2.00 X X 0 0 0 ANTHONY ZAMBELLI TREASURER 1.00 1.00 X X 0 0 0 JOSHUA SLEDGE SECRETARY 1.00 1.00 X X 0 0 0 JOHN FRITH 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 WILLIAMS RICHARDS 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 2.00 X 0 0 0 3024714 0 472786 38 0 1 0 ASPIRE SYSTEMS DIGITAL TRANSFORMATIONS 1200 HARGER RD 722 OAK BROOK IL 60523 IT SERVICES 2560951 GOOGLE LLC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 MARKETING SERVICES 238820 ADP LLC PO BOX 842875 BOSTON MA 022842875 PAYROLL SERVICES 225708 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 ACCOUNTING SERVICES 206006 LEAP AGENCY LLC 2500 TECHNOLOGY DRIVE LOUISVILLE KY 40299 MARKETING SERVICES 135900 7 3188 109800 2940875 5097893 8151756 CLIENT FEES & OTHER PROGRAM REVEN 624100 36543439 36543439 36543439 598067 598067 17866102 16232466 13502 1633636 -13502 1620134 1620134 15774 15774 15774 46929170 36543439 0 2233975 2358673 747421 1306597 304655 23182316 21770233 723324 688759 1100745 1095800 -28256 33201 2953407 2631855 271456 50096 2022211 1803086 149071 70054 107468 704 106764 175494 175494 640 640 25219 25219 671860 338449 333411 1330647 621242 1399 708006 3122479 3064545 53722 4212 557119 557119 189042 107184 63716 18142 1500 1500 2372131 2328822 35990 7319 473965 473965 EQUIPMENT 3443039 3363526 54599 24914 BANK CHARGES 714345 714345 REGULATORY FEES 204866 204637 229 GRANT EXPENSES 46403 46403 31587 16587 15000 45085156 39413458 3762340 1909358 3210823 1749318 264955 5531134 4889871 1319591 1267280 63282908 30007258 31691701 33275650 17253118 17383110 64583 9935204 10238680 68941571 69133447 3781697 3299145 223023 287731 7248673 6309389 9247946 9695143 579271 0 374389 288484 21454999 19879892 X 47049822 48955555 436750 298000 47486572 49253555 68941571 69133447 X 1844014 -65800 -11231 X 0 1 X 1 1 1 X 9913012 16701352 10504621 16991900 8151756 62262641 34580345 30966334 31785534 36231059 36543439 170106711 44493357 47667686 42290155 53222959 44695195 232369352 0 4902206 11012878 6037099 11072430 33024613 4902206 11012878 6037099 11072430 33024613 199344739 396454 281034 225426 260802 598067 1761783 396454 281034 225426 260802 598067 1761783 1322 -62526 725 36107 15774 -8598 44891133 47886194 42516306 53519868 45309036 234122537 0.85150 0.83560 0.00750 0.00620 X PART III, LINE 7B: THE ORGANIZATION ANALYZED THE AMOUNTS BEING INCLUDED ON THIS LINE. IT WAS DETERMINED THAT THE AMOUNTS LISTED FOR PRIOR YEARS WERE FOR EXCESS CONTRIBUTIONS AND NOT EXCESS PAYMENTS OF PROGRAM SERVICE REVENUE. THE ORGANIZATION WILL ONLY INCLUDE APPLICABLE EXCESS PAYMENTS OF PROGRAM SERVICE REVENUE GOING FORWARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 640 640 0 PART II-B, LINE 1: GREENPATH, INC. PAID $76,948 IN DUES TO THE NATIONAL FOUNDATION FOR CREDIT COUNSELING. AS PART OF THESE DUES $640 WERE ALLOCATED TO NFCC'S FAIR FEE ADVOCACY WORK. 0 1 X 3700000 3700000 23791676 7816752 15974924 9425585 9070582 355003 26365647 13119924 13245723 33275650 CLIENT FUNDS HELD IN TRUST 9695143 INTEREST RATE SWAP AGREEMENT 246673 OPERATING RIGHT OF USE ASSET 296864 10238680 OPERATING LEASE LIABILITY 288484 288484 X PART IV, LINE 2B: CLIENT FUNDS HELD IN TRUST REPRESENTS FUNDS HELD BY GREENPATH FOR THE DEBT MANAGEMENT PLANS (DMP). IF ANY OF THESE PROGRAMS WERE TO BE DISCONTINUED, THE FUNDS WOULD BE RETURNED TO THE CLIENTS, MOVED TO A NEW TRUSTEE, OR OTHER FUNDER, RESPECTIVELY. THUS, LIABILITIES FOR THE SAME AMOUNTS ARE INCLUDED ON THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2024 AND 2023. 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 1 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 374437 0 90449 0 9498 0 17250 0 27992 0 519626 0 0 0 SIREESHA MANDAVA CIO 264585 0 60298 0 552 0 16359 0 22084 0 363877 0 0 0 DONNA MCNEILL COO 261960 0 69560 0 1072 0 17250 0 33701 0 383543 0 0 0 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 204741 0 48875 0 9578 0 13601 0 27860 0 304655 0 0 0 DAVID FLORES CLIENT SVCS & PROGRAM PERFORMANCE 200809 0 30570 0 463 0 12046 0 27992 0 271880 0 0 0 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 193079 0 45263 0 602 0 12550 0 33701 0 285195 0 0 0 YOGITA KRISHNAMURTHY DIRECTOR OF DATA & ANALYTICS 189046 0 12000 0 527 0 1901 0 0 0 203474 0 0 0 MICHAEL SHINKONIS CFO (BEGAN SERVICE 08/2024) 172745 0 14011 0 327 0 9804 0 27992 0 224879 0 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT 171663 0 16840 0 483 0 9853 0 47726 0 246564 0 0 0 RICHARD T HOLLIS CFO (SERVED UNTIL 09/2024) 161111 0 47790 0 56513 0 11485 0 0 0 276899 0 0 0 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 148981 0 11602 0 938 0 8513 0 42515 0 212549 0 0 0 BRADLEY JOHNSON SOFTWARE DEVELOPMENT MANAGER 144323 0 8471 0 954 0 8096 0 42515 0 204359 0 0 0 PART I, LINE 4A RICHARD T. HOLLIS, FORMER CHIEF FINANCIAL OFFICER, RECEIVED A SEVERANCE PAYMENT OF $36,308 FOLLOWING HIS RETIREMENT FROM THE ORGANIZATION IN SEPTEMBER 2024. A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 A 12652916 19000000 236806 18763194 2011 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 1 1 1 PNC BANK NA 6.000000000000 0 0 0 0 0 A 1 FORM 990, PART I, ITEM C DBA: ACCELL ACCELL MEMBERS FINANCIAL COUNSELING. DBA: CCCS OF MICHIGAN CCCS OF NEBRASKA. DBA: CCCS OF NEW HAMPSHIRE AND VERMONT CCCS OF COLORADO AND WYOMING. DBA: CCCS OF NORTH CENTRAL TEXAS CLARIFI. DBA: CCCS OF MIDDLE GEORGIA CCCS OF SAN ANTONIO. DBA: CONSUMER CREDIT COUNSELING SERVICE OF CENTRAL OKLAHOMA CCCS OF DELAWARE VALLEY. DBA: CONSUMER CREDIT COUNSELING SERVICE OF MONTANA CONSUMER CREDIT COUNSELING SERVICE OF ORANGE COUNTY. DBA: CCCS OF PUERTO RICO, INC. GREENPATH DEBT SOLUTIONS. DBA: GREENPATH FINANCIAL SOLUTIONS GREENPATH FINANCIAL WELLNESS. DBA: RURAL DYNAMICS, INC. CONSUMER CREDIT COUNSELING SERVICE OF MICHIGAN. DBA: CONSUMER CREDIT COUNSELING SERVICES OF NORTHWEST ILLINOIS CONSUMER CREDIT COUNSELING SERVICE OF MID FLORIDA. DBA: CCCS OF MID FLORIDA CCCS OF NORTHERN INDIANA. DBA: CONSUMER CREDIT COUNSELING SERVICE OF NOTHERN INDIANA CONSUMER CREDIT COUNSELING SERVICE OF SOUTHERN NEW YORK. DBA: CCCS OF SOUTHERN NEW YORK FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT EMAILS A DRAFT COPY TO ALL BOARD OF DIRECTOR MEMBERS, AND FEEDBACK IS SOUGHT FROM THE BOARD OF DIRECTORS PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C GREENPATH 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 MIGHT 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 GREENPATH MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT GREENPATH'S CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE GREENPATH HAS A 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 GREENPATH'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: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -48,525. DISCOUNT ON TREASURY NOTE 37,294. HOMEOWNERSHIP PRESERVATION FOUNDATION 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 522403507 HOUSING MN 501(C)(3) LINE 10 GREENPATH INC 1 RURAL DYNAMICS INC 2 5TH STREET N SUITE 201 GREAT FALLS MT 59401 810303443 DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION MT 501(C)(3) LINE 7 GREENPATH INC 1 CCCS OF DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 HOUSING, FINANCIAL EDUCATION PA 501(C)(3) LINE 10 GREENPATH INC 1 GREENPATH INNOVATION DESIGN 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 923340798 PRODUCT DEVELOPMENT FOR UNDERSERVED POPULATIONS AND NONPROFIT ORGANIZATIONS MI 501(C)(3) LINE 10 GREENPATH INC 1 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 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 HOMEOWNERSHIP PRESERVATION FOUNDATION L 9221039 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION O 1135104 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION Q 103068 CASH PAID RURAL DYNAMICS INC O 30203 CASH PAID RURAL DYNAMICS INC Q 117329 CASH PAID CLARIFI L 30000 CASH PAID CLARIFI M 135000 CASH PAID CLARIFI O 460000 CASH PAID CLARIFI Q 444592 CASH PAID GREENPATH INNOVATION DESIGN L 15000 CASH PAID GREENPATH INNOVATION DESIGN M 11066 CASH PAID GREENPATH INNOVATION DESIGN O 280000 CASH PAID GREENPATH INNOVATION DESIGN Q 937241 CASH PAID CCCS OF PUERTO RICO H 75000 CASH PAID CCCS OF PUERTO RICO L 4500 CASH PAID CCCS OF PUERTO RICO M 91403 CASH PAID CCCS OF PUERTO RICO O 30600 CASH PAID CCCS OF PUERTO RICO P 235988 CASH PAID CCCS OF PUERTO RICO Q 8921 CASH PAID