2019-11-13T13:06:18-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 436041558 990 2018-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 6122304020 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 RICHARD HOLLIS CFO 6122304020 2019-11-12 1 WILLIAM M SCOTT P01537115 4192443711 2019-11-11 67.137.57.251 2019-11-12 12:05:08 ES P 357AE6C0FD0EA8FFB81A6260A488DEA7FDA04B84 4CEE3F166FC64316C964FDA06B2457A90F5D27AB 2018 2020-03-31 21:24:44Z KRISTEN HOLT 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 20259929 0 X WWW.995HOPE.ORG X 2003 MN TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP. 12 12 4 12 0 0 6866702 1496579 9261195 6331304 235651 -634028 3810 180 16367358 7194035 0 0 0 0 5017229 2478562 0 0 402477 15236561 8233344 20253790 10711906 -3886432 -3517871 12273720 6575515 3272221 1457227 9001499 5118288 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 2719550 3765404 THROUGH THE HOMEOWNER'S HOPE HOTLINE, HPF PROVIDES COMPREHENSIVE HOMEOWNER EDUCATION AND CONFIDENTIAL FORECLOSURE PREVENTION COUNSELING FOR FREE, 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR, IN OVER 220 LANGUAGES. THROUGH COMMITTED PARTNERSHIPS WITH 4 HUD-APPROVED NONPROFIT AGENCIES, APPROXIMATELY 175 CERTIFIED HOUSING COUNSELORS SERVE THE HOMEOWNER'S HOPE HOTLINE. SINCE 2007, THE HOMEOWNER'S HOPE HOTLINE HAS RECEIVED MORE THAN 9 MILLION CALLS AND HAS COUNSELED OVER 2 MILLION HOMEOWNERS. CALLS TO THE HOMEOWNER'S HOPE HOTLINE AVERAGE ABOUT 2,500 ON A TYPICAL WEEKDAY. HOMEOWNERS RECEIVE COUNSELING AND EDUCATION IN ORDER TO MAKE DECISIONS ABOUT THEIR SPECIFIC SITUATION. THE COUNSELING PROVIDES THEM THE BEST INFORMATION TO DO WHAT IS RIGHT FOR THE HOMEOWNER. 2490741 2493870 THE HPF MODEL FOR POST MODIFICATION COACHING DELIVERS A SCALABLE/NATIONWIDE DELIVERY MECHANISM THAT HAS THE CAPABILITY TO ADDRESS ALL CONSUMER DEBT AND SPENDING. THE COACHING AND EDUCATION OCCUR OVER SEVERAL MONTHS AND FOUR COACHING SESSIONS WITH THE HOMEOWNER. 87540 MAKING HOMES AFFORDABLE (MHA) IS A FEDERAL PROGRAM DEVELOPED BY THE FEDERAL ADMINISTRATION TO ASSIST TROUBLED HOMEWOWNERS. HPF PROVIDES INITIAL REVIEW FOR ELIGIBILITY FOR THE MAKING HOME AFFORDABLE PROGRAMS AND HELPS DETERMINE NEXT STEPS FOR DISTRESSED HOMEOWNERS IN MORTGAGE CRISIS, PROVIDING CONNECTION TO A COUNSELOR AT A HUD APPROVED AGENCY, OR SPECIFIC ASSISTANCE REFERRALS. HOTLINE CALLS ARE ALSO TRIAGED FOR SPECIFIC NEEDS SUCH AS POTENTIAL MORTGAGE ASSISTANCE SCAMS AND MAKING HOME AFFORDABLE PROGRAM SPECIAL ASSISTANCE FOR THOSE EXPERIENCING ISSUES. HPF HAS BEEN CONTRACTED BY THE ADMINISTRATORS OF THE MAKING HOME AFFORDABLE PROGRAM TO RUN AND MANAGE THE MHA HELP TEAM. THE MHA HELP TEAM PROVIDES DISTRESSED HOMEOWNERS AN OUTLET TO ESCALATE SERVICER AND PROGRAM ISSUES WITH THE MSC SPECIALISTS FOR IMPARTIAL REVIEW AND MOVE TO WORK TO RESOLUTION WITH THE SERVICER. 4029207 72030 CALL CENTER - HPF PROVIDES PRE-ELIGIBILITY SCREENING FOR THE FEDERAL ADMINISTRATION'S MAKING HOME AFFORDABLE PROGRAM. THE CALL CENTER ALSO TRIAGES CALLS, WHICH MAY RESULT IN FORECLOSURE PREVENTION COUNSELING SESSIONS.ANTI-SCAM - HPF PROVIDES A DEDICATED TEAM OF AGENTS TO COLLECT SPECIFIC INFORMATION FOR CONSUMERS WHO BELIEVE THEY MAY BE A VICTIM OF A FORECLOSURE RESCUE SCAM. PREPURCHASE COUNSELING - HPF PROVIDES HUD PREPURCHASE COUNSELING TO CONSUMERS CALLING THE HOME HOTLINE. 4029207 72030 9327038 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 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 13 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI MS HI OK X RICHARD HOLLIS 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 JANE SYDLOWSKI CHAIRPERSON 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 A 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 DEIERDRE WEIR DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY ZAMBELLI DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN HOLT PRESIDENT 4.00 36.00 X 0 407873 26181 RICHARD HOLLIS CFO 10.00 30.00 X 0 222220 26126 DAVID BERENBAUM TERMED 062018 CHIEF EXECUTIVE OFFICER 40.00 0.00 X 0 263194 6860 GENE SPENCER CEO 40.00 0.00 X 111624 75593 15485 DONNA MCNEILL CHIEF OPERATING OFFICER 6.00 34.00 X 0 294897 25589 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 6.00 34.00 X 0 154155 6582 MICHAEL SWANSON TERMED 112018 DIRECTOR OF BUSINESS ANALYTICS 30.00 10.00 X 0 213763 13112 JULIE ANN STEINHAGEN TERMED 062018 SVP OF STAKEHOLDER ENGAGEMENT 20.00 20.00 X 0 166709 14474 JENNIFER FRASER DIRECTOR OF HOUSING PROGRAMS AND CONTACT CENTER OP 20.00 20.00 X 0 157704 26872 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 40.00 0.00 X 0 153729 22429 MAUREEN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT 20.00 20.00 X 0 129631 24490 111624 2239468 208200 1 0 1 0 GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 4987386 SYKES ENTERPRISES INC PO BOX 406238 ATLANTA GA 30384 CALL CENTER 1073469 MONEY MANAGEMENT INTERNATIONAL 9009 WEST LOOP SOUTH SUITE 700 HOUSTON TX 77096 COUNSELING SERVICES 651069 SPRINGBOARD NONPROFIT CONSUMER 4351 LATHAM STREET RIVERSIDE CA 92501 COUNSELING SERVICES 503966 SATURN SYSTEMS INC 314 W SUPERIOR STREET SUITE 1015 DULUTH MN 55802 IT SERVICES 306114 9 468665 1027914 1496579 COUNSELING FEES 522299 6331304 6331304 6331304 298940 298940 12132926 12198619 867275 -65693 -867275 -932968 -932968 OTHER INCOME 900099 180 180 180 7194035 6331304 0 -633848 121407 121407 2038759 1214147 545353 279259 69832 43747 14981 11104 106703 75780 19172 11751 141861 82541 39324 19996 50623 50623 34077 34077 60000 60000 8456 8456 22839 17391 4711 737 21899 19074 2825 528510 481756 39260 7494 16791 16791 339297 339297 50815 31511 12604 6700 8756 2655 3490 2611 482749 421372 61377 27556 27556 COUNSELING EXPENSE 5450051 5450051 TRIAGE CENTER 665933 665933 FANNIE MAE EXPENSES 377452 377452 MHA HELP & ESCALATION 87540 87540 10711906 9327038 982391 402477 1294041 478342 853484 130353 1759478 984587 45661 16034 4143320 3746955 1610672 396365 6694992 4554442 15392 15392 12273720 6575515 2588585 1175014 190152 144825 493484 137388 3272221 1457227 X 9001499 5118288 9001499 5118288 12273720 6575515 -3517871 -365340 0 X 0 1 X 1 1 1 X 14129584 13300508 11519728 6866702 1496579 47313101 14129584 13300508 11519728 6866702 1496579 47313101 21906558 25406543 582293 334777 254117 140748 298940 1610875 10500 13563 58690 3810 180 86743 49010719 68421460 0.51840 0.51340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 10,500. 2015 AMOUNT: $ 13,563. 2016 AMOUNT: $ 58,690. 2017 AMOUNT: $ 3,810. 2018 AMOUNT: $ 180. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 10651905 10711905 685595 171399 0 0 1000000 1000000 685595 2685595 4028393 150000 60000 60000 270000 250000 250000 171399 671399 1007099 201492 190971 10521 448882 418518 30364 3492946 3137466 355480 396365 INTERCOMPANY PAYABLE 137388 137388 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 X X X X X 1 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT 0 320294 0 78000 0 9579 0 14362 0 11819 0 434054 0 0 RICHARD HOLLIS CFO 0 178834 0 42000 0 1386 0 11362 0 14764 0 248346 0 0 DAVID BERENBAUM TERMED 062018 CHIEF EXECUTIVE OFFICER 0 125000 0 0 0 138194 0 6860 0 0 0 270054 0 0 GENE SPENCER CEO 109983 74567 0 0 1641 1026 5821 3638 3962 2064 121407 81295 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 0 241914 0 52500 0 483 0 13770 0 11819 0 320486 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 0 153937 0 0 0 218 0 0 0 6582 0 160737 0 0 MICHAEL SWANSON TERMED 112018 DIRECTOR OF BUSINESS ANALYTICS 0 145592 0 1000 0 67171 0 8249 0 4863 0 226875 0 0 JULIE ANN STEINHAGEN TERMED 062018 SVP OF STAKEHOLDER ENGAGEMENT 0 92875 0 0 0 73834 0 5218 0 9256 0 181183 0 0 JENNIFER FRASER DIRECTOR OF HOUSING PROGRAMS AND CON 0 147389 0 10000 0 315 0 8206 0 18666 0 184576 0 0 RODERICK MCGINNISS SVP - BUSINESS DEVELOPMENT 0 152343 0 0 0 1386 0 8019 0 14410 0 176158 0 0 MAUREEN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK O 0 129148 0 0 0 483 0 6784 0 17706 0 154121 0 0 PART I, LINE 4A DAVID BERENBAUM - $126,000 MICHAEL SWANSON - $49,914 JULIE ANN STEINHAGEN - $65,971 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 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 HOMEOWNERSHIP PRESERVATION FOUNDATION MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT HOMEOWNERSHIP PRESERVATION FOUNDATION'S CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE HOMEOWNERSHIP PRESERVATION FOUNDATION 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 C, LINE 19 HOMEOWNERSHIP PRESERVATION FOUNDATION'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. GREENPATH INC 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 386142925 COUNSELING MI 501(C)(3) LINE 10 GREENPATH INC 0 RURAL DYNAMICS INC 2022 CENTRAL AVENUE GREAT FALLS MT 59401 810303443 DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION MT 501(C)(3) LINE 7 GREENPATH INC 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0