2025-11-11T11:41:43-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2024-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 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 KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 18049121 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 120000 0 13710863 10399256 217075 847618 16001 0 14063939 11246874 0 0 0 0 1363017 1204852 0 0 15000 12300965 10302486 13663982 11507338 399957 -260464 11041312 12080154 2117216 3229956 8924096 8850198 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 9898710 0 9236789 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. 1148159 0 1070107 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 AM-10 PM EST, AND F 8 AM-8 PM EST. THE HOMEOWNER'S 995HOPE HOTLINE HAS RECEIVED MORE THAN NINE MILLION CALLS AND HAS COUNSELED OVER TWO MILLION HOMEOWNERS SINCE 2007. THE HOTLINE RECEIVED NEARLY 40,000 CALLS FROM HOMEOWNERS SEEKING ASSISTANCE NAVIGATING FINANCIAL HARDSHIPS AND STRESS IMPACTING THEIR HOUSING STABILITY IN 2024. 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. 100327 0 92360 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. 11147196 1 0 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 0 1 0 0 0 1 3 0 1 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 AZ CA CT FL GA HI IL KS KY MA MD ME MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WV WI X MICHAEL SHINKONIS CFO 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 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 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 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 KRISTEN HOLT PRESIDENT & CEO 2.00 38.00 X 0 474384 45242 MICHAEL SHINKONIS CFO (BEGAN SERVICE 08/2024) 2.00 38.00 X 0 187083 37796 RICHARD T HOLLIS CFO (SERVED UNTIL 09/2024) 5.00 35.00 X 0 265414 11485 SIREESHA MANDAVA CIO 2.00 38.00 X 0 325435 38443 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 3.00 37.00 X 0 263194 41461 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT 20.00 20.00 X 0 188986 57579 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 8.00 32.00 X 0 161521 51028 KARL WYATT DIRECTOR OF IT OPERATIONS 2.00 38.00 X 0 147024 50788 0 2013041 333822 0 0 1 0 GREENPATH FINANCIAL WELLNESS 36500 CORPORATE DRIVE FARMINGTON HILLS OH 48331 COUNSELING SERVICES 8393255 1 COUNSELING FEES 541990 10399256 10399256 10399256 267890 267890 7381975 6802247 579728 579728 579728 11246874 10399256 0 847618 1012429 732365 280064 51791 39873 11918 72057 58374 13683 68575 50567 18008 3322 3322 3187 3187 15000 15000 12534 12534 16116 13690 2426 993 993 1643 1643 DIRECT PROGRAM EXPENSES 9284659 9284659 GRANT EXPENSES 965032 965032 11507338 11147196 345142 15000 1825671 528741 655267 1952099 2509108 6488 3492946 3492946 0 0 7257054 8387038 11041312 12080154 2042216 3044956 75000 185000 2117216 3229956 X 8924096 8850198 8924096 8850198 11041312 12080154 X -260464 175641 10925 X 0 1 X 1 1 1 X 676060 631441 440000 120000 1867501 8092725 6090796 10430442 13710863 10399256 48724082 8768785 6722237 10870442 13830863 10399256 50591583 0 0 0 50591583 212115 116195 105103 116628 267890 817931 212115 116195 105103 116628 267890 817931 360 5926 2 16001 22289 8981260 6844358 10975547 13963492 10667146 51431803 0.98370 0.98320 0.01590 0.01620 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 360. 2021 AMOUNT: $ 5,926. 2022 AMOUNT: $ 2. 2023 AMOUNT: $ 16,001. 0 15000 15000 11492338 11507338 725367 181342 0 0 485724 662811 833210 725367 2707112 4060668 60000 60000 60000 15000 195000 121431 165703 208303 181342 676779 1015169 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 1 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 0 374437 0 90449 0 9498 0 17250 0 27992 0 519626 0 0 SIREESHA MANDAVA CIO 0 264585 0 60298 0 552 0 16359 0 22084 0 363878 0 0 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 0 204741 0 48875 0 9578 0 13601 0 27860 0 304655 0 0 RICHARD T HOLLIS CFO (SERVED UNTIL 09/2024) 0 161111 0 47790 0 56513 0 11485 0 0 0 276899 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT 0 171663 0 16840 0 483 0 9853 0 47726 0 246565 0 0 MICHAEL SHINKONIS CFO (BEGAN SERVICE 08/2024) 0 172745 0 14011 0 327 0 9804 0 27992 0 224879 0 0 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 0 148981 0 11602 0 938 0 8513 0 42515 0 212549 0 0 KARL WYATT DIRECTOR OF IT OPERATIONS 0 136353 0 10453 0 218 0 8273 0 42515 0 197812 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. 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. THE PAYMENT WAS MADE BY GREENPATH, INC., A RELATED ORGANIZATION AND THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF HOMEOWNERSHIP PRESERVATION FOUNDATION (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 AFFILIATIONS 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 10,925. GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 386142925 COUNSELING MI 501(C)(3) LINE 10 N/A 1 RURAL DYNAMICS INC 2 5TH ST N SUITE 201 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 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0