2017-06-28T14:25:17-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 6122304020 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER 6122304020 2017-06-26 1 AMY HENDLEY P01300654 6123764500 67.137.57.251 2017-06-26 09:16:13 CD P 1FBCD4AA4D8DA69ACB92FF11632DDFE988DCF009 D49977F1ED05145F9BC0FB6803A02A420AB7E82B 2016 2021-01-29 14:40:06Z DAVID BERENBAUM 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 31026771 0 X WWW.995HOPE.ORG X 2003 MN TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP. 11 11 46 12 0 0 13300508 11519728 18871730 14465726 1370951 -174256 13563 58690 33556752 25869888 0 0 0 0 5496477 5182796 0 0 148280 28075363 23993821 33571840 29176617 -15088 -3306729 22781539 18562354 7241854 5641894 15539685 12920460 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 10169897 0 7658596 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 170 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 1,100 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. 5500525 0 6773455 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. IN 2016, HPF COACHED 15,150 HOMEOWNERS HAVING PREVIOUSLY MODIFIED LOANS. 3584346 0 0 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. 6624351 33675 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. 6624351 33675 25879119 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 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 0 0 0 0 1 38 0 46 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 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 KEN DUNCAN 6122304020 7645 LYNDALE AVENUE SOUTH SUITE 250 MINNEAPOLIS MN 55423 SANJEEV HANDA CHAIRPERSON 5.00 X X 0 0 0 SHARON SAYLES BELTON BOARD MEMBER 5.00 X X 0 0 0 STEVE BARTLETT BOARD MEMBER 5.00 X 0 0 0 BARRETT BURNS BOARD MEMBER 5.00 X 0 0 0 JIM CARR BOARD MEMBER 5.00 X 0 0 0 JOE DONOVAN BOARD MEMBER 5.00 X 0 0 0 BRUCE A GOTTSCHALL BOARD MEMBER 5.00 X 0 0 0 CHRIS HERBERT BOARD MEMBER 5.00 X 0 0 0 PRUE LAROCCA BOARD MEMBER 5.00 X 0 0 0 JILL KANIN LOVERS BOARD MEMBER 5.00 X 0 0 0 BRUCE PARADIS BOARD MEMBER 5.00 X 0 0 0 JEFF ROHR BOARD MEMBER 5.00 X 0 0 0 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER 40.00 X 287066 0 4000 KEN DUNCAN CHIEF FINANCIAL OFFICER 40.00 X 186171 0 4000 KENT SCHOEN GENERAL COUNSEL 40.00 X 175027 0 4000 JULIE STEINHAGEN CHIEF OPERATING OFFICER 40.00 X 224204 0 4000 SCOTT HENGEL CONTROLLER 40.00 X 162898 0 4000 ROD MCGINNISS SENIOR VICE PRESIDENT 40.00 X 161344 0 3696 GENE SPENCER SENIOR VICE PRESIDENT 40.00 X 218396 0 4000 MICHAEL SWANSON VICE PRESIDENT OF PERFORMA 40.00 X 164656 0 0 BARBARA CLAY SENIOR VICE PRESIDENT 40.00 X 162276 0 4000 1742038 0 31696 19 0 1 0 GREENPATH DEBT SOLUTIONS 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 6089115 MONEY MANAGEMENT INTERNATIONAL 9009 WEST LOOP SOUTH SUITE 700 HOUSTON TX 77096 COUNSELING SERVICES 5863723 NAVICORE 225 WILLOW BROOK ROAD FREEHOLD NJ 07728 COUNSELING SERVICES 3235278 SPRINGBOARD NONPROFIT CONSUMER 4351 LATHAM STREET RIVERSIDE CA 92501 COUNSELING SERVICES 2758874 SYKES ENTERPRISES INC PO BOX 406238 ATLANTA GA 30384 CALL CENTER 2009648 20 4847350 6672378 11519728 COUNSELING FEES 522299 14329593 14329593 ACTIVITY FEE - AGENCY 522299 136133 136133 14465726 254117 254117 4728510 5156883 -428373 -428373 -428373 OTHER INCOME 900099 58690 58690 58690 25869888 14465726 0 -115566 746386 205802 540584 3625668 2900739 609102 115827 107641 76714 28052 2875 387092 282598 93730 10764 316009 225215 82355 8439 129638 129638 66688 66688 150000 150000 22818 22818 506839 430150 74791 1898 366712 366712 824323 710871 113452 1035370 684875 350495 317439 226234 82728 8477 202562 125824 76738 161587 26198 135389 3427 3427 519526 437924 81602 119120 119120 COUNSELING EXPENSE 12689509 12689509 MHA HELP & ESCALATION 3374987 3374987 TRIAGE CENTER 1852454 1852454 FANNIE MAE EXPENSES 952750 952750 698072 676275 21797 29176617 25879119 3149218 148280 2010992 1300940 1310319 1359753 2333004 1552601 3713467 3608407 755113 143843 4022150 2713443 811538 1308707 11831714 9272711 15392 15392 22781539 18562354 7031573 4218358 210281 173536 1250000 7241854 5641894 X 15500263 12920460 39422 0 15539685 12920460 22781539 18562354 -3306729 687504 0 X X 0 1 X 1 1 1 X 17976337 16386912 14129584 13300508 11519728 73313069 17976337 16386912 14129584 13300508 11519728 73313069 35624498 37688571 340973 485642 582293 334777 254117 1997802 10500 13563 58690 82753 75393624 105849860 0.49990 0.44270 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 150000 150000 28878337 29028337 1000000 250000 0 0 1000000 1000000 1500000 150000 150000 250000 250000 375000 201492 116767 84725 3820658 2596676 1223982 1308707 X 26534574 687504 687504 25847070 22818 22818 25869888 29153799 0 29153799 22818 22818 29176617 PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED TO BE A PUBLIC CHARITY UNDER SECTION 509(A)(1). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X X X X X 0 0 0 0 0 0 0 0 0 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER 241808 0 45000 0 258 0 0 0 4000 0 291066 0 0 0 KEN DUNCAN CHIEF FINANCIAL OFFICER 143491 0 42300 0 380 0 0 0 4000 0 190171 0 0 0 KENT SCHOEN GENERAL COUNSEL 164173 0 10800 0 54 0 0 0 4000 0 179027 0 0 0 JULIE STEINHAGEN CHIEF OPERATING OFFICER 180914 0 43200 0 90 0 0 0 4000 0 228204 0 0 0 SCOTT HENGEL CONTROLLER 150328 0 12480 0 90 0 0 0 4000 0 166898 0 0 0 ROD MCGINNISS SENIOR VICE PRESIDENT 149638 0 11310 0 396 0 0 0 3696 0 165040 0 0 0 GENE SPENCER SENIOR VICE PRESIDENT 182000 0 36000 0 396 0 0 0 4000 0 222396 0 0 0 MICHAEL SWANSON VICE PRESIDENT OF PERFORMA 152637 0 11929 0 90 0 0 0 0 0 164656 0 0 0 BARBARA CLAY SENIOR VICE PRESIDENT 150315 0 11703 0 258 0 0 0 4000 0 166276 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY DESIGNATE AN EXECUTIVE COMMITTEE COMPOSED OF AT LEAST THREE DIRECTORS DESIGNATED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MAY AUTHORIZE THE EXECUTIVE COMMITTEE TO MANAGE FROM TIME TO TIME THE BUSINESS OF THIS CORPORATION AS DESIGNATED BY THE BOARD OF DIRECTORS IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 JIM CARR AND BARRETT BURNS, BOTH HPF BOARD MEMBERS, HAVE A BUSINESS RELATIONSHIP. JIM PERFORMS CONSULTING SERVICES FOR BARRETT'S COMPANY. THE SERVICES ARE PERFORMED AT FAIR MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FROM 990 IS REVIEWED BY MANAGEMENT, INCLUDING INTERNAL COUNSEL AND THE AUDIT COMMITTEE. OUTSIDE LEGAL COUNSEL IS ALSO ENGAGED TO REVIEW THE FORM 990. THE DRAFT FORM 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY COVERS ALL BOARD MEMBERS, OFFICERS, EMPLOYEES AND CONTRACTORS OF THE FOUNDATION. ALL ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT AND DISCLOSURE FORM. ALL CONFLICTS ARE REVIEWED BY THE BOARD AND AN APPROPRIATE REMEDY DETERMINED, WHICH MAY INCLUDE RECUSAL FROM DECISION MAKING. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES, OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 DAVID BERENBAUM BECAME THE CEO OF HPF ON SEPTEMBER 2, 2014. BEFORE MR. BERENBAUM WAS HIRED, THE COMPENSATION COMMITTEE REVIEWED CEO COMPENSATION MATERIALS FROM THE HAYS GROUP AND TOWERS WATSON. THE COMMITTEE ALSO RECEIVED CONFIRMATION FROM TOWERS WATSON THAT THE CEO COMPENSATION DATA PREVIOUSLY PROVIDED TO THE COMMITTEE WAS STILL PERTINENT. THE COMPENSATION COMMITTEE MADE A RECOMMENDATION TO THE BOARD REGARDING MR. BERENBAUM'S LEVEL OF COMPENSATION, AND THE BOARD SUBSEQUENTLY APPROVED MR. BERENBAUM'S COMPENSATION FOR 2014. THIS PROCESS FOR DETERMINING HIS COMPENSATION WAS LAST COMPLETED IN 2014 AND COMPENSATION HAS NOT CHANGED SINCE. THE HPF BOARD APPROVES THE COMPENSATION FOR THE CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER AFTER RECEIVING A RECOMMENDATION FROM THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE RELIES ON COMPENSATION DATA FROM THE HAYS GROUP AND TOWERS WATSON IN DETERMINING THE RECOMMENDED COMPENSATION AMOUNTS. IN ADDITION, IN 2014, RAFFA P.C. PROVIDED AN OPINION LETTER THAT THE COMPENSATION AMOUNTS PAID TO HPF'S CHIEF FINANCIAL OFFICER AND HPF'S CHIEF OPERATING OFFICER WERE BOTH COMPETITIVE AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 HPF COMPLIES WITH THE PUBLIC INSPECTION REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 6104 BY MAKING ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, DETERMINATION LETTER FROM THE IRS, AND THE FORMS 990 FOR ITS THREE MOST RECENTLY COMPLETED TAX PERIODS AVAILABLE TO THE PUBLIC. HOWEVER, AS SECTION 6104 DOES NOT REQUIRE ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) TO DISCLOSE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, OR FINANCIAL STATEMENTS, HPF HAS DECIDED NOT TO MAKE SUCH INFORMATION AVAILABLE FOR PUBLIC INSPECTION. PART XII, LINE 2C IN 2016, THERE HAVE BEEN NO CHANGES TO THIS PROCESS.