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Nonprofiteer
← HOMEWISE INC

Form 990 for tax year 2024

Filed by HOMEWISE INC.

Totals

Total revenue
$54,360,945
Total expenses
$26,072,850
Contributions and grants received
$32,282,791
Grants paid
$0
Program service revenue
$19,885,980
Investment income
$671,186
Other revenue
$1,520,988
Total assets, end of year
$287,708,931
Total liabilities, end of year
$171,810,693
Net assets or fund balances, end of year
$115,898,238
Program services expenses (Part IX)
$20,731,807
Management and general expenses
$3,969,166
Fundraising expenses
$1,371,877
Program service expenses (Part III)
$20,731,807

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARISSA RUYLE

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • SHELLE VANETTEN DE SANCHEZ

    VICE CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • AMANDA KOCON

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • JOSEPH KUNKEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • AGNES NOONAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • MONIQUE FRAGUA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • BIANCA ORTIZ WERTHEIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • JOSUE OLIVARES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • SEAN HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • ALEX MONTANO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • JAY NEWTON-SMALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • MICHAEL LOFTIN

    CEO

    Total calculated
    $309,382
    From this org
    $274,079
    From related orgs
    $0
    Other
    $35,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,079
    Bonus
    $0
    Other
    $0
    Deferred
    $21,108
    Nontaxable benefits
    $14,195
    Filer's total
    $309,382

  • DANIEL SLAVIN

    CFO

    Total calculated
    $234,717
    From this org
    $211,820
    From related orgs
    $0
    Other
    $22,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,820
    Bonus
    $0
    Other
    $0
    Deferred
    $15,645
    Nontaxable benefits
    $7,252
    Filer's total
    $234,717

  • ELENA GONZALES

    COO

    Total calculated
    $233,948
    From this org
    $209,782
    From related orgs
    $0
    Other
    $24,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,782
    Bonus
    $0
    Other
    $0
    Deferred
    $16,914
    Nontaxable benefits
    $7,252
    Filer's total
    $233,948

  • JOHANNA GILLIGAN

    DEPUTY CHIEF EXECUTIVE OFFICER

    Total calculated
    $237,950
    From this org
    $201,985
    From related orgs
    $0
    Other
    $35,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,985
    Bonus
    $0
    Other
    $0
    Deferred
    $16,914
    Nontaxable benefits
    $19,051
    Filer's total
    $237,950

  • RATHI CASEY

    CHIEF CREATIVE OFFICER

    Total calculated
    $194,068
    From this org
    $180,776
    From related orgs
    $0
    Other
    $13,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,776
    Bonus
    $0
    Other
    $0
    Deferred
    $13,292
    Nontaxable benefits
    $0
    Filer's total
    $194,068

  • LISA HUVAL

    CHIEF GOVERNMENT AFFAIRS OFFICER

    Total calculated
    $160,025
    From this org
    $150,776
    From related orgs
    $0
    Other
    $9,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,776
    Bonus
    $0
    Other
    $0
    Deferred
    $7,846
    Nontaxable benefits
    $1,403
    Filer's total
    $160,025

  • EUGENIO CHAVEZ

    REAL ESTATE DEVELOPMENT PROJECT DIRECTOR

    Total calculated
    $157,426
    From this org
    $138,928
    From related orgs
    $0
    Other
    $18,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,928
    Bonus
    $0
    Other
    $0
    Deferred
    $11,246
    Nontaxable benefits
    $7,252
    Filer's total
    $157,426

  • GINA SMYER

    LOAN CLOSING & SERVICING DIRECTOR

    Total calculated
    $147,373
    From this org
    $133,398
    From related orgs
    $0
    Other
    $13,975
    Hours/week
    40

  • AMBROSE PENA

    QUALIFYING BROKER

    Total calculated
    $161,323
    From this org
    $131,111
    From related orgs
    $0
    Other
    $30,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,111
    Bonus
    $0
    Other
    $0
    Deferred
    $11,161
    Nontaxable benefits
    $19,051
    Filer's total
    $161,323

  • ALEXANDER CARLSEN

    IT DIRECTOR

    Total calculated
    $135,261
    From this org
    $125,908
    From related orgs
    $0
    Other
    $9,353
    Hours/week
    40

  • SHANTI LONG

    CONTROLLER

    Total calculated
    $139,568
    From this org
    $117,214
    From related orgs
    $0
    Other
    $22,354
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE ORGANIZATION USED AN INDEPENDENT COMPENSATION CONSULTANT TO DO A COMPENSATION STUDY FOR ITS TOP MANAGEMENT OFFICIAL. THIS WAS LAST COMPLETED DURING THE 3/31/25 FISCAL YEAR.
PART I, LINE 6:
THE DIRECTOR-LEVEL INCENTIVE COMPENSATION PLAN USES A CALCULATION OF TOTAL POOL AVAILABLE FOR DISTRIBUTION TO DIRECTORS BASED ON 15% OF TOTAL SALARIES OF ALL PARTICIPANTS, SELF SUFFICIENCY RATIO (RATIO OF REVENUE/EXPENSS) ACHIEVED, AND PERCENTAGE OF SERVICE UNITS COMPLETED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HOMEWISE LEVERAGE I LLC

    RELATED · LEVERAGE LENDER FOR NEW MARKET TAX CREDIT PROGRAM · NM · 95% owned · share of income $53,837

    Directly controlled by HOMEWISE INC

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202610419349300721

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