2015-05-20T09:34:21-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 522403507 HOMEOWNERSHIP PRESERVATION FOUNDATION HOME 6122304020 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 KEN DUNCAN CFO & TREASURER 6122304020 2015-05-20 1 CHAD LASSEN P01587992 6123764500 2014 2016-02-25 16:41:14Z DAVID BERENBAUM 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 36175459 0 X WWW.995HOPE.ORG X 2003 MN TO EDUCATE AND COUNSEL THE FINANCIALLY DISTRESSED TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 10 10 42 12 0 0 16386912 14129584 25324465 19491504 558140 640843 0 10501 42269517 34272432 0 0 0 0 4108520 5097697 0 0 267240 37218858 29981589 41327378 35079286 942139 -806854 24742558 24565263 6390598 7303571 18351960 17261692 X PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP. 0 0 15709941 0 12568877 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 8.3 MILLION CALLS AND HAS COUNSELED OVER 1.9 MILLION HOMEOWNERS. CALLS TO THE HOMEOWNER'S HOPE HOTLINE AVERAGE ABOUT 1,800 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. 4148317 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. 6030962 0 6910200 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 2014, THE PROGRAM ASSISTED 16,813 HOMEOWNERS WITH THEIR MODIFICATION. 5464277 12427 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. 5464277 12427 31353497 1 1 0 0 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 45 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 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 OK OH HI X KEN DUNCAN 6122304020 7645 LYNDALE AVENUE SOUTH NO 250 MINNEAPOLIS MN 55423 SANJEEV HANDA CHAIRPERSON 5.00 X X 0 0 0 SHARON SAYLES BELTON BOARD MEMBER 5.00 X 0 0 0 BARRETT BURNS 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 JANNEKE RATCLIFFE BOARD MEMBER (THROUGH AUGUST) 5.00 X 0 0 0 JEFF ROHR BOARD MEMBER 5.00 X 0 0 0 MIKE SEATS BOARD MEMBER (THROUGH APRIL) 5.00 X 0 0 0 COLLEEN HERNANDEZ CHIEF EXECUTIVE OFFICER (THROUGH DEC) 40.00 X 440823 0 17167 DAVID BERENBAUM CHIEF EXECUTIVE OFFICER (FROM SEPT) 40.00 X 80801 0 7629 KEN DUNCAN CHIEF FINANCIAL OFFICER & TREASURER 40.00 X 169853 0 14671 KENT SCHOEN GENERAL COUNSEL AND SECRETARY 40.00 X 146298 0 24941 JULIE STEINHAGEN CHIEF OPERATING OFFICER 40.00 X 236005 0 23433 JOSH FUHRMAN SVP BUSINESS DEVELOPMENT/EXTERNAL RELATIONS 40.00 X 183566 0 23433 SCOTT HENGEL CONTROLLER 40.00 X 187221 0 23433 ROD MCGINNISS SVP BUSINESS DEVELOPMENT 40.00 X 162048 0 8981 GENE SPENCER SVP STAKEHOLDER ENGAGEMENT, POLICY & RESEARCH 40.00 X 229063 0 4000 MICHAEL SWANSON VP PERFORMANCE OUTCOME ANALYTICS & REPORTING 40.00 X 166467 0 5078 2002145 0 152766 9 0 1 0 MONEY MANAGEMENT INTERNATIONAL 9009 WEST LOOP SOUTH SUITE 700 HOUSTON TX 77096 COUNSELING SERVICES 6945510 NOVADEBT 225 WILLOW BROOK ROAD FREEHOLD NJ 07728 COUNSELING SERVICES 4633376 GREENPATH DEBT SOLUTIONS 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 COUNSELING SERVICES 4429034 SYKES ENTERPRISES INC PO BOX 406238 ATLANTA GA 30384 CALL CENTER 2778531 SPRINGBOARD NONPROFIT CONSUMER 4351 LATHAM STREET RIVERSIDE CA 92501 COUNSELING SERVICES 2658664 15 6377806 7751778 14129584 COUNSELING FEES 522299 19340604 19340604 ACTIVITY FEE - AGENCY 522299 150900 150900 19491504 582293 582293 1961577 1903027 58550 58550 58550 OTHER INCOME 900099 10501 10501 10501 34272432 19491504 0 651344 1161620 91598 1060863 9159 3287087 2811883 268408 206796 73617 59351 9874 4392 275826 228017 30924 16885 299547 199204 85533 14810 273905 273905 41940 41940 26739 26739 1092014 242339 846155 3520 67953 67953 643573 522215 121358 144268 144268 236197 157075 67444 11678 242875 124197 118678 140159 19212 120947 361095 291536 69559 85916 85916 COUNSELING EXPENSE 17520679 17520679 MHA HELP & ESCALATION 3972588 3972588 TRIAGE CENTER 2780752 2780752 FANNIE MAE EXPENSES 895760 895760 1455176 1437091 18085 35079286 31353497 3458549 267240 4406228 1276040 1330072 713047 567470 4045555 5413349 5031937 27574 95340 2437108 1825518 531460 611590 12446862 12791754 19543 0 24742558 24565263 6141756 6846891 248842 456680 6390598 7303571 X 18351960 16411692 850000 18351960 17261692 24742558 24565263 -806854 -283414 0 X 0 1 X 1 1 1 X 22249094 17599494 17976337 16386912 14129584 88341421 22249094 17599494 17976337 16386912 14129584 88341421 37049624 51291797 343960 386542 340973 485642 523743 2080860 10500 10500 90432781 98863555 0.56720 0.50680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112544 46696 65848 2324564 1778822 545742 611590 X 33962279 -283414 -283414 34245693 26739 26739 34272432 35052547 0 35052547 26739 26739 35079286 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 COLLEEN HERNANDEZ CHIEF EXECUTIVE OFFICER (THROUGH DEC 359594 0 81000 0 229 0 4000 0 13167 0 457990 0 0 0 KEN DUNCAN CHIEF FINANCIAL OFFICER & TREASURER 169595 0 0 0 258 0 4000 0 10671 0 184524 0 0 0 KENT SCHOEN GENERAL COUNSEL AND SECRETARY 144506 0 1744 0 48 0 4000 0 20941 0 171239 0 0 0 JULIE STEINHAGEN CHIEF OPERATING OFFICER 180115 0 55800 0 90 0 4000 0 19433 0 259438 0 0 0 JOSH FUHRMAN SVP BUSINESS DEVELOPMENT/EXTERNAL RELATIONS 150256 0 33250 0 60 0 4000 0 19433 0 206999 0 0 0 SCOTT HENGEL CONTROLLER 150256 0 36875 0 90 0 4000 0 19433 0 210654 0 0 0 ROD MCGINNISS SVP BUSINESS DEVELOPMENT 152290 0 9500 0 258 0 924 0 8057 0 171029 0 0 0 GENE SPENCER SVP STAKEHOLDER ENGAGEMENT, POLICY & RESEARCH 181417 0 47250 0 396 0 4000 0 0 0 233063 0 0 0 MICHAEL SWANSON VP PERFORMANCE OUTCOME ANALYTICS & REPORTING 152317 0 14060 0 90 0 0 0 5078 0 171545 0 0 0 PART I, LINE 7 THE AMOUNT OF ANY BONUS AWARDED BY HPF IS DEPENDENT ON EACH INDIVIDUAL'S AND THE HPF'S PERFORMANCE RELATIVE TO THE INDIVIDUAL AND ORGANIZATIONAL GOALS RELATED TO THE ACCOMPLISHMENT OF HPF'S EDUCATIONAL MISSION. SOME PARTS OF ASSESSMENT INVOLVE SUBJECTIVE MEASUREMENTS WHICH MAY INVOLVE SOME DISCRETION. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FROM 990 IS REVIEWED BY THE 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 PROCEEDIGNS ARE DOCUMENTED IN THE MEETING MINUTES, OR AS OTHERWISE APPROPIRATE. FORM 990, PART VI, SECTION B, LINE 15 IN 2014, COLLEEN HERNANDEZ SERVED AS THE CEO AND PRESIDENT OF HPF FROM JANUARY 1, 2014 TO DECEMBER 31, 2014. MS. HERNANDEZ'S COMPENSATION WAS PAID IN ACCORDANCE WITH HER EMPLOYMENT AGREEMENT AND APPROVED BY THE BOARD AFTER RECEIVING A RECOMMENDATION FROM THE COMPENSATION COMMITTEE OF THE BOARD. IN MAKING ITS RECOMMENDATION, THE COMPENSATION COMMITTEE RELIED ON COMPENSATION DATA FROM HAYS GROUP AND TOWERS WATSON, AS UPDATED BY TOWERS WATSON. IN ADDITION, IN 2014 RAFFA P.C. PROVIDED AN OPINION LETTER STATING THAT MS. HERNANDEZ'S COMPENSATION WAS BOTH COMPETITIVE AND REASONABLE. 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. 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.