FURP.ORG / PUBLIC DATA EXPLORER

HOUSING POLICY COUNCIL: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
HOUSING POLICY COUNCIL (EIN 83-2778151)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-22
IRS object ID
202542959349301104
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-22T08:16:58-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18300 Boone Boulevard Suite 600AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22182ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832778151EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Housing Policy CouncilBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOUSBusinessNameControlTxt
Phone2025891923PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 19th Street NW Ste 720AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200362405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEdward J DeMarcoPersonNm
Person TitlePresidentPersonTitleTxt
Phone2025891923PhoneNum
Signature2025-10-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLori A CollingsworthPreparerPersonNm
PTINP00639819PTIN
Phone7038930300PhoneNum
Preparation2025-10-22PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEdward J DeMarcoPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 19th Street NW Ste 720AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200362405ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,243,965GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.housingpolicycouncil.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2018FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or Mission501 (c)(6) business league whose members participate in mortgage finance for residential housing.ActivityOrMissionDesc
Voting Members Governing Body33VotingMembersGoverningBodyCnt
Voting Members Independent33VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$4,914,100PYProgramServiceRevenueAmt
CY Program Service Revenue$4,974,137CYProgramServiceRevenueAmt
PY Investment Income$166,031PYInvestmentIncomeAmt
CY Investment Income$263,828CYInvestmentIncomeAmt
PY Other Revenue$12,109PYOtherRevenueAmt
CY Other Revenue$6,000CYOtherRevenueAmt
PY Total Revenue$5,092,240PYTotalRevenueAmt
CY Total Revenue$5,243,965CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,046,639PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,877,880CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,675,020PYOtherExpensesAmt
CY Other Expenses$1,705,265CYOtherExpensesAmt
PY Total Expenses$4,721,659PYTotalExpensesAmt
CY Total Expenses$4,583,145CYTotalExpensesAmt
PY Revenues Less Expenses$370,581PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$660,820CYRevenuesLessExpensesAmt
Total Assets BOY$5,126,757TotalAssetsBOYAmt
Total Assets EOY$6,064,250TotalAssetsEOYAmt
Total Liabilities BOY$1,102,606TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,379,279TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,024,151NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,684,971NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe Housing Policy Council believes a competitive marketplace, operating with regulatory consistency and market transparency, is the path to financial stability and sustainable lending practices.See Schedule O for continuationMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescHousing Policy Council program focuses on advocacy in the areas of housing regulatory policy, housing finance reform, affordable housing policies, and advanced technology platforms.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members33GoverningBodyVotingMembersCnt
Independent Voting Member33IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Edward J DeMarco PresidentBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2025891923PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 19th Street NW Ste 720AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200362405ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Matt Tully
Director / Treasurer0.75Yes (X)Yes (X)$0$0$0
Doug Jones
Chairman1.00Yes (X)$0$0$0
David Smith
Vice Chairman1.00Yes (X)$0$0$0
Michael Schmeiser
Director0.40Yes (X)$0$0$0
Michael Campbell
Director0.75Yes (X)$0$0$0
Mark Shulman
Director0.40Yes (X)$0$0$0
Adam Glassner
Director0.40Yes (X)$0$0$0
David Schneider
Director0.40Yes (X)$0$0$0
Chris Mccullough
Director0.40Yes (X)$0$0$0
Raman Muralidharan
Director0.40Yes (X)$0$0$0
Jay Kingsly
Director0.40Yes (X)$0$0$0
Rohit Gupta
Director0.40Yes (X)$0$0$0
Steve Sorge
Director0.75Yes (X)$0$0$0
Tara Van Rooy
Director0.40Yes (X)$0$0$0
Kurt Pfotenhauer
Director0.75Yes (X)$0$0$0
Nathan Vogt
Director0.40Yes (X)$0$0$0
Stan Middleman
Director0.40Yes (X)$0$0$0
Tim Bowler
Director0.40Yes (X)$0$0$0
Sean Grzebin
Director0.75Yes (X)$0$0$0
Tim Mattke
Director0.75Yes (X)$0$0$0
Bill Leatherberry
Director0.75Yes (X)$0$0$0
Baron Silverstein
Director0.40Yes (X)$0$0$0
Kurt Johnson
Director0.40Yes (X)$0$0$0
Peter McCarthy
Director0.40Yes (X)$0$0$0
Deb Still
Director0.40Yes (X)$0$0$0
Rick Thornberry
Director0.75Yes (X)$0$0$0
Dash Robinson
Director0.40Yes (X)$0$0$0
Bill Emerson
Director0.75Yes (X)$0$0$0
Scott Gillen
Director0.75Yes (X)$0$0$0
Bill Greenberg
Director0.40Yes (X)$0$0$0
Bill Cosgrove
Director0.40Yes (X)$0$0$0
Fred Bolstad
Director0.40Yes (X)$0$0$0
Serhat Oztop
Director0.40Yes (X)$0$0$0
Edward DeMarco
President40.00Yes (X)$865,594$0$48,941
Katie Wechsler
Secretary0.75Yes (X)$0$0$0
Meg Burns
Executive Vice President40.00$638,720$0$48,941Yes (X)
Matthew Douglas
Senior VP, Mortgage Policy40.00$341,769$0$59,903Yes (X)
Michael Drayne
Senior VP, Global Markets40.00$182,532$0$20,940Yes (X)
Sheryl Pardo
Vice President, Public Affairs40.00$217,930$0$68,043Yes (X)
Chris Monaco
Assistant VP, Membership Svcs and Operations40.00$113,776$0$22,874Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,360,321TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$269,642TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Sivon Natter & Wechler
2550 M Street NWWashingtonDC20037Legal$434,363
The Smith Free Group
1401 K Street NWWashingtonDC20005Consulting$240,000
Daniel J Edelman Inc
21992 Network PlaceChicagoIL60673Consulting$169,298
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Membership Dues900099$4,746,366$4,746,366
Annual Meeting and Sponsorships900099$227,771$227,771
FieldValueIRS element (for citing)
Total Program Service Revenue$4,974,137TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$263,828TotalRevenueColumnAmt
Exclusion$263,828ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescCC Rewards/ ReimbursementsDesc
Business900099BusinessCd
Total Revenue Column$6,000TotalRevenueColumnAmt
Exclusion$6,000ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,243,965TotalRevenueColumnAmt
Related Or Exempt Func Income$4,974,137RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$269,828ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,207,340TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$429,282TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$55,678TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$68,139TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$117,441TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$248,566TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$69,609TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$400,000TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$369,897TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$28,091TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$30,713TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$129,766TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$18,259TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$297,602TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,778TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,169TotalAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDues and subscriptionsDesc
Total$84,815TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,583,145TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$603,874BOYAmt
EOY$356,121EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,120,753BOYAmt
EOY$4,761,737EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$589BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,460BOYAmt
EOY$17,325EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$164,533LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$52,558LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$129,753BOYAmt
EOY$111,975EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$257,328BOYAmt
EOY$817,092EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,126,757BOYAmt
EOY$6,064,250EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$626,978BOYAmt
EOY$578,712EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$275,628BOYAmt
EOY$800,567EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,102,606BOYAmt
EOY$1,379,279EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,024,151BOYAmt
EOY$4,684,971EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,024,151BOYAmt
EOY$4,684,971EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,126,757BOYAmt
EOY$6,064,250EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$660,820ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$4,746,366DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$580,000NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov-$1,123,856NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot-$543,856NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$237,318AggregateReportedDuesNtcAmt
Taxable-$781,174TaxableAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$164,533OtherCostOrOtherBasisAmt
Depreciation$52,558DepreciationAmt
Book Value$111,975BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$111,975TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
Right-of-use assets- operating lease$790,621
Security deposit$13,824
Right-of-use assets- fianance lease$12,647
FieldValueIRS element (for citing)
Total Book Value Other Assets$817,092TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Lease liabilities- operating lease$787,691
Lease liabilities- finance lease$12,876
FieldValueIRS element (for citing)
Total Liability$800,567TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,243,965TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,243,965RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,243,965TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,583,145TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,583,145ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,583,145TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationManagement has evaluated HPC's tax positions and concluded that the financial statements do not include any uncertain tax positions.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Edward DeMarco
President$615,000$0$250,000$0$594$0$48,300$0$641$0$914,535$0$0$0
Meg Burns
Executive Vice President$513,333$0$125,000$0$387$0$48,300$0$641$0$687,661$0$0$0
Matthew Douglas
Senior VP, Mortgage Policy$296,679$0$45,000$0$90$0$46,692$0$13,211$0$401,672$0$0$0
Sheryl Pardo
Vice President, Public Affairs$202,336$0$15,000$0$594$0$31,873$0$36,170$0$285,973$0$0$0
Michael Drayne
Senior VP, Global Markets$182,260$0$0$0$272$0$13,125$0$7,815$0$203,472$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 1, Organization Mission: (continued)Our interest is in the safety and soundness of that system, the equitable and consistent regulatory treatment of all market participants, and the promotion of lending practices that create sustainable home ownership opportunities leading to long-term wealth-building and community-building for families. Members of HPC are committed to working together and with all other stakeholders to realize a housing finance system that expands opportunity, improves the customer experience, improves efficiency, reduces uncertainty, and operates safely and soundly.
Form 990, Part VI, Section A, line 6HPC has one class of voting members. A business entity shall be eligible to be a Member if it applies for membership, meets the criteria set forth below for membership, is approved by the Executive Council, agrees to pay the dues as set and adjusted from time to time, and is a company that is engaged in: (1) lending for, servicing of, dealing in, or investing in first lien mortgages on single-family properties; (2) mortgage insurance, credit enhancement, or title insurance on mortgages backed by single-family properties; or (3) technology, data services, settlement services, or other related financial, technological, or insurance, or data services in direct support of the single-family residential mortgage market. The initial Members of HPC shall be those business entities that on the date of adoption of the Bylaws were members of the unincorporated Housing Policy Council that was associated with the Bank Policy Institute.
Form 990, Part VI, Section A, line 7aEach Member shall designate, with approval of the Membership and Governance Committee, one senior officer as its Executive Council representative (HPEC Representative). Only that individual may vote on behalf of that Member in any vote of the Executive Council or governing committee of HPC.
Form 990, Part VI, Section A, line 7bEach Member shall have one vote on each matter that may be brought before the membership for a vote, except as explicitly provided in the Bylaws.
Form 990, Part VI, Section B, line 11bThe 990 is reviewed by the President and then reviewed and approved by the Internal Affairs Committee. The 990 is also shared with the entire board for awareness and comment after the Internal Affairs Committee review and prior to filing with the IRS.
Form 990, Part VI, Section B, line 12cEach officer and HPEC Representative shall annually sign a statement which affirms such person: Has received a copy of this conflict of interest policy; Has read and understands the policy; Has agreed to comply with the policy; and Understands that HPC is a trade association or business league, and in order to maintain its federal tax exemption must engage primarily in activities which accomplish one or more of its tax-exempt purposes.
Form 990, Part VI, Section B, line 15The compensation for the HPC President is determined by the Chairman's Committee of the Executive Council, which also reviews and approves compensation for other staff, including all incentive compensation payments.
Form 990, Part VI, Section C, line 19Documents are made available to the public upon request.
Form 990, Part XII, Line 2c:The Council's Audit Committee assumes the responsibility for oversight of the audit of its financial statements and selection of an independent accountant.