2020-11-06T16:25:03-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 43604 990 2019-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 RICHARD HOLLIS CFO 2485535400 2020-10-19 1 WILLIAM M SCOTT P01537115 4192443711 2020-10-19 67.137.57.251 2020-10-19 14:48:39 ED P 2EEED599B99E77CDBDF45BEBFA9D7EF6A807E359 C7045CBC9FEEFDC3BC9385C32B7CC9B9CF6029B2 2019 2021-01-29 14:40:06Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 43145823 0 X WWW.GREENPATH.ORG X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 11 11 570 12 0 0 7328490 6985266 30430374 33111549 365594 190845 21200 27000 38145658 40314660 0 0 0 0 30734754 30029818 0 0 1238617 10482029 10909090 41216783 40938908 -3071125 -624248 53018839 53248572 25655020 25321333 27363819 27927239 EMPOWER PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES 0 0 34120256 33111549 CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS:GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, BANKRUPTCY COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES TO PEOPLE IN ALL 50 STATES. IN 2019, WE PROVIDED THESE COUNSELING SERVICES TO MORE THAN 123,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 65,000 PEOPLE REPAY NEARLY $243 MILLION IN DEBT. 2136790 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 2019, WE PROVIDED THESE SERVICES TO ABOUT 48,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS. 36257046 1 1 0 0 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 0 0 0 1 80 0 570 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK CA CO CT FL GA IL KS KY MA MD MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI TN UT VA WV X RICHARD HOLLIS CFO 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 JANE SYDLOWSKI CHAIR 1.00 1.00 X X 0 0 0 JOHN FRITH VICE CHAIR 1.00 1.00 X X 0 0 0 MICHAEL POULOS TREASURER 1.00 1.00 X X 0 0 0 WILLIAM RICHARDS SECRETARY 1.00 1.00 X X 0 0 0 MARK DUHAIME DIRECTOR 1.00 1.00 X 0 0 0 BRUCE GOTTSCHALL DIRECTOR 1.00 1.00 X 0 0 0 SANJEEV HANDA DIRECTOR 1.00 1.00 X 0 0 0 CHRIS HERBERT DIRECTOR 1.00 1.00 X 0 0 0 CAREY PACHLA DIRECTOR 1.00 1.00 X 0 0 0 BRUCE PARADIS DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY ZAMBELLI DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN HOLT PRESIDENT 36.00 4.00 X 356270 0 26304 RICHARD T HOLLIS CFO 25.00 15.00 X 187078 0 24541 DONNA MCNEILL CHIEF OPERATING OFFICER 34.00 6.00 X 251366 0 24865 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 34.00 6.00 X 237476 0 19099 DONNA DOLEMAN CHIEF MARKETING OFFICER 40.00 X 181925 0 9134 RICHARD BIALOBRZESKI VP OF STRATEGY 40.00 X 181313 0 21206 DANIELLE CRANE SAUER CHIEF TALENT OFFICER 40.00 X 176932 0 21212 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO 20.00 20.00 X 150085 0 26706 DAVID FLORES DIRECTOR OF CLIENT SERVICES 40.00 X 140080 0 19499 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT 20.00 20.00 X 132322 0 24738 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 40.00 X 126116 0 24560 CHINMAY ARADHYE DIRECTOR OF BEHAVIORAL SCIENCE AND USER EXPERIENCE 40.00 X 120035 0 11442 2240998 0 253306 12 0 1 0 NETLINK SOFTWARE GROUP 999 TECHROW SUITE 100 MADISON HEIGHTS MI 48071 IT SERVICES 175102 CREATIVE DINING SERVICES 1 ROYAL PARK DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICES 175076 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 43604 AUDIT 154850 ADP LLP PO BOX 842875 BOSTON MA 022842875 PAYROLL 152005 AARO COMPANIES 24643 HOOVER RD WARREN MI 48089 FACILITY SERVICES 133611 5 2136940 4848326 6985266 CLIENT FEES AND OTHER PROGRAM REV 624100 33111549 33111549 33111549 227232 227232 27000 0 27000 27000 27000 1999000 795776 2037387 793776 -38387 2000 -36387 -36387 40314660 33111549 0 217845 1718721 532806 792337 393578 22413122 20900305 998703 514114 953256 978735 -37732 12253 3128410 2606065 474010 48335 1816309 1653044 109574 53691 125986 125986 151721 151721 11921 11921 256073 233411 22662 503212 326985 1151 175076 2039194 1859802 161512 17880 1462632 1462632 415097 347832 51279 15986 354143 354143 3072072 3061509 10376 187 320329 12077 308252 EQUIPMENT 1368401 1274283 86601 7517 BANK CHARGES 451319 451319 REGULATORY FEES 183141 183141 ACQUISITION COSTS 174892 174892 18957 18957 40938908 36257046 3443245 1238617 62294 1186196 3837082 4680086 958070 969023 48490794 19025213 29818395 29465581 5823340 5692331 678333 835832 11841325 10419523 53018839 53248572 2762040 3209631 613405 11918240 11048651 9189301 9324451 254599 0 1530840 1125195 25655020 25321333 X 27363819 27927239 27363819 27927239 53018839 53248572 X -624248 659566 528102 X X 0 1 X 1 1 1 X 10220762 8889255 10032527 7328490 6985266 43456300 27605920 27889763 27992260 30430374 33111549 147029866 37826682 36779018 38024787 37758864 40096815 190486166 0 5398263 5626476 4275522 3253928 18554189 5398263 5626476 4275522 3253928 18554189 171931977 222097 212715 265959 378973 254232 1333976 222097 212715 265959 378973 254232 1333976 13233 13233 38062012 36991733 38290746 38137837 40351047 191833375 0.89630 0.91300 0.00700 0.00680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3700000 3700000 23389405 4776906 18612499 6633545 5562238 1071307 14767844 8686069 6081775 29465581 CLIENT FUNDS HELD IN TRUST 9324451 CAPITAL LEASE ASSET 1095072 10419523 CAPITAL LEASE OBLIGATIONS 1125195 1125195 X PART IV, LINE 2B: AS A CREDIT COUNSELING ORGANIZATION, GREENPATH COLLECTS AMOUNTS FROM DEBTORS TO REMIT TO THEIR CREDITORS AS PER THE PROGRAM GUIDELINES 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 346776 0 0 0 9494 0 14000 0 12304 0 382574 0 0 0 RICHARD T HOLLIS CFO 184411 0 0 0 2667 0 9605 0 14936 0 211619 0 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 250883 0 0 0 483 0 12966 0 11899 0 276231 0 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 237161 0 0 0 315 0 7857 0 11242 0 256575 0 0 0 DONNA DOLEMAN CHIEF MARKETING OFFICER 180442 0 0 0 1483 0 9134 0 0 0 191059 0 0 0 RICHARD BIALOBRZESKI VP OF STRATEGY 171890 0 0 0 9423 0 9471 0 11735 0 202519 0 0 0 DANIELLE CRANE SAUER CHIEF TALENT OFFICER 176743 0 0 0 189 0 9477 0 11735 0 198144 0 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & 149770 0 0 0 315 0 7825 0 18881 0 176791 0 0 0 DAVID FLORES DIRECTOR OF CLIENT SERVICES 139891 0 0 0 189 0 7195 0 12304 0 159579 0 0 0 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK O 131839 0 0 0 483 0 6919 0 17819 0 157060 0 0 0 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 125633 0 0 0 483 0 6741 0 17819 0 150676 0 0 0 A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 A 833424 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 10.000000000000 0 0 0 0 0 A 1 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 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 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 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 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: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -162,106. EXCESS OF ASSETS ACQUIRED OVER PURCHASE PRICE 690,208. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES FROM THE PRIOR YEAR. HOMEOWNERSHIP PRESERVATION FOUNDATION 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 522403507 HOUSING MN 501(C)(3) LINE 7 GREENPATH INC 1 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 1 CCCS OF DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 HOUSING, FINANCIAL EDUCATION PA 501(C)(3) LINE 10 GREENPATH INC 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 HOMEOWNERSHIP PRESERVATION FOUNDATION O 1294254 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION D 193415 OUTSTANDING BALANCE RURAL DYNAMICS INC O 464955 CASH PAID RURAL DYNAMICS INC D 138804 OUTSTANDING BALANCE CLARIFI O 891729 CASH PAID CLARIFI D 148927 OUTSTANDING BALANCE