2016-06-29T10:33:17-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 6122304020 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER 6122304020 2016-06-28 1 MATTHEW STOWELL P01587994 6123764500 2015 2016-09-27 15:27:22Z DAVID BERENBAUM 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 47973659 0 X WWW.995HOPE.ORG X 2003 MN TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP. 12 12 46 12 0 0 14129584 13300508 19491504 18871730 640843 1370951 10501 13563 34272432 33556752 0 0 0 0 5097697 5496477 0 0 221416 29981589 28075363 35079286 33571840 -806854 -15088 24565263 22781539 7303571 7241854 17261692 15539685 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 13699810 0 10586357 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 7 HUD-APPROVED NONPROFIT AGENCIES, APPROXIMATELY 300 CERTIFIED HOUSING COUNSELORS SERVE THE HOMEOWNER'S HOPE HOTLINE. SINCE 2007, THE HOMEOWNER'S HOPE HOTLINE HAS RECEIVED MORE THAN 8.6 MILLION CALLS AND HAS COUNSELED OVER 2 MILLION HOMEOWNERS. CALLS TO THE HOMEOWNER'S HOPE HOTLINE AVERAGE ABOUT 1,400 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. 4136309 0 0 MAKING HOMES AFFORDABLE (MHA) IS A FEDERAL PROGRAM DEVELOPED BY THE OBAMA 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. 6619148 0 8188505 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 2015, HPF COACHED 18,710 HOMEOWNERS HAVING PREVIOUSLY MODIFIED LOANS. 5598610 0 0 CALL CENTER - HPF PROVIDES PRE-ELIGIBILITY SCREENING FOR PRESIDENT OBAMA'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. 5598610 0 0 30053877 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 40 0 46 1 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK 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 OH 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 VICE CHAIR 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 280000 0 25843 KEN DUNCAN CHIEF FINANCIAL OFFICER 40.00 X 188763 0 16331 KENT SCHOEN GENERAL COUNSEL 40.00 X 157050 0 25843 JULIE STEINHAGEN CHIEF OPERATING OFFICER 40.00 X 214460 0 25843 JOSH FUHRMAN SENIOR VICE PRESIDENT 40.00 X 169286 0 25843 SCOTT HENGEL CONTROLLER 40.00 X 166530 0 25843 ROD MCGINNISS SENIOR VICE PRESIDENT 40.00 X 165750 0 18440 GENE SPENCER SENIOR VICE PRESIDENT 40.00 X 205500 0 4000 MICHAEL SWANSON VICE PRESIDENT OF PERFORMANCE 40.00 X 164310 0 5885 1711649 0 173871 18 0 1 0 MONEY MANAGEMENT INTERNATIONAL 9009 WEST LOOP SOUTH SUITE 700 HOUSTON TX 77096 COUNSELING SERVICES 7028253 GREENPATH DEBT SOLUTIONS 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 6162039 NAVICORE 225 WILLOW BROOK ROAD FREEHOLD NJ 07728 COUNSELING SERVICES 5090165 SPRINGBOARD NONPROFIT CONSUMER 4351 LATHAM STREET RIVERSIDE CA 92501 COUNSELING SERVICES 3003079 SYKES ENTERPRISES INC PO BOX 406238 ATLANTA GA 30384 CALL CENTER 2581730 15 5393386 7907122 13300508 COUNSELING FEES 522299 18731330 18731330 ACTIVITY FEE - AGENCY 522299 140400 140400 18871730 334777 334777 15453081 14416907 1036174 1036174 1036174 OTHER INCOME 900099 13563 13563 13563 33556752 18871730 0 1384514 1025953 287560 738393 3788663 3093329 514426 180908 80900 64130 13057 3713 291130 238086 38904 14140 309831 220015 77943 11873 183237 183237 58991 58991 150075 150075 26799 26799 343754 261325 79750 2679 566534 665 565869 653424 543518 109906 266037 1728 264309 211445 150150 53192 8103 276843 148512 128331 159714 30592 129122 368400 313394 55006 91172 91172 COUNSELING EXPENSE 16542940 16542940 MHA HELP & ESCALATION 3944257 3944257 TRIAGE CENTER 2318942 2318942 FANNIE MAE EXPENSES 882750 882750 1030049 1011984 18065 33571840 30053877 3296547 221416 1276040 2010992 713047 1310319 4045555 2333004 5031937 3713467 95340 755113 3005455 2193917 611590 811538 12791754 11831714 0 15392 24565263 22781539 6846891 7031573 456680 210281 7303571 7241854 X 16411692 15500263 850000 39422 17261692 15539685 24565263 22781539 -15088 -1706919 0 X 0 1 X 1 1 1 X 17599494 17976337 16386912 14129584 13300508 79392835 17599494 17976337 16386912 14129584 13300508 79392835 43291459 36101376 386542 340973 485642 582293 334777 2130227 10500 13563 24063 81547125 117735286 0.44270 0.56720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 1 0 0 1 0 1 150075 150075 0 PART II-B, LINE 1: IN 2015, THE HOMEOWNERSHIP PRESERVATION FOUNDATION, A NONPARTISAN PUBLIC CHARITY, ENGAGED IN FEDERAL LOBBYING TO SUPPORT FUNDING FOR HOUSING COUNSELING AND FORECLOSURE MITIGATION PROGRAMS. SPECIFICALLY, HPF OFFICIALS AND AN EMPLOYED CONTRACTOR MET WITH AND EDUCATED MEMBERS OF THE HOUSE OF REPRESENTATIVES AND U.S. SENATE ON THE NEED FOR ONGOING FUNDING FOR THE HUD HOUSING COUNSELING ASSISTANCE PROGRAM AND THE NATIONAL FORECLOSURE MITIGATION COUNSELING PROGRAM OPERATED BY NEIGHBORWORKS. LOBBYING EFFORTS INCLUDED OCCASIONAL MEETINGS ON CAPITOL HILL, SENDING LETTERS TO MEMBERS OF CONGRESS, AND SIGNING JOINT LETTERS WITH OTHER HUD INTERMEDIARIES IN SUPPORT OF CONTINUED FUNDING FOR THESE PROGRAMS. HOWEVER, THE HOMEOWNERSHIP PRESERVATION FOUNDATION DID NOT EXPEND ANY AMOUNTS TO INFLUENCE THE SELECTION, NOMINATION, ELECTION OR APPOINTMENT OF ANY INDIVIDUAL TO ANY FEDERAL, STATE OR LOCAL PUBLIC OFFICE OR OFFICE IN A POLITICAL ORGANIZATION, OR THE ELECTION OF PRESIDENTIAL OR VICE PRESIDENTIAL ELECTORS, WHETHER OR NOT THE INDIVIDUAL OR ELECTORS WERE ACTUALLY SELECTED, NOMINATED, ELECTED OR APPOINTED. AS SUCH, THE HOMEOWNERSHIP PRESERVATION FOUNDATION DID NOT INCUR ANY EXPENSES FOR "POLITICAL PURPOSES" AS THE TERM IS DEFINED FOR PURPOSES OF THE FORM 990. 184018 71008 113010 2821437 2122909 698528 811538 X 31823034 -1706919 -1706919 33529953 26799 26799 33556752 33545041 0 33545041 26799 26799 33571840 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 1 0 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER 249731 0 30000 0 269 0 4000 0 21843 0 305843 0 0 0 KEN DUNCAN CHIEF FINANCIAL OFFICER 161400 0 27000 0 363 0 4000 0 12331 0 205094 0 0 0 KENT SCHOEN GENERAL COUNSEL 149952 0 7050 0 48 0 4000 0 21843 0 182893 0 0 0 JULIE STEINHAGEN CHIEF OPERATING OFFICER 187370 0 27000 0 90 0 4000 0 21843 0 240303 0 0 0 JOSH FUHRMAN SENIOR VICE PRESIDENT 144961 0 9750 0 14575 0 4000 0 21843 0 195129 0 0 0 SCOTT HENGEL CONTROLLER 155910 0 10530 0 90 0 4000 0 21843 0 192373 0 0 0 ROD MCGINNISS SENIOR VICE PRESIDENT 155604 0 9750 0 396 0 3696 0 14744 0 184190 0 0 0 GENE SPENCER SENIOR VICE PRESIDENT 181604 0 23500 0 396 0 4000 0 0 0 209500 0 0 0 MICHAEL SWANSON VICE PRESIDENT OF PERFORMANCE 153830 0 10390 0 90 0 0 0 5885 0 170195 0 0 0 PART I, LINE 7 PRIOR TO PAYMENT, THE BOARD OF DIRECTORS APPROVES THE AMOUNT OF THE TOTAL BONUS POOL. THE AMOUNT OF ANY BONUS IS DEPENDENT ON EACH INDIVIDUAL'S AND HPF'S PERFORMANCE RELATIVE TO THE INDIVIDUAL AND ORGANIZATIONAL GOALS RELATED TO THE ACCOMPLISHMENT OF HPF'S EDUCATIONAL MISSION. SOME PARTS OF THE ASSESSMENT INVOLVE SUBJECTIVE MEASUREMENTS, WHICH MAY INVOLVE SOME DISCRETION. FORM 990, PART VI, SECTION A, LINE 2 JIM CARR AND BARRETT BURNS, BOTH HPF BOARD MEMBERS, HAVE A BUSINESS RELATIONSHIP. JIM IS A NEW HPF BOARD MEMBER IN 2015 AND PERFORMS CONSULTING SERVICES FOR BARRETT'S COMPANY. THE SERVICES ARE PERFORMED AT FAIR MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 11 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. 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.