Totals
- Total revenue
- $25,177,959
- Total expenses
- $21,731,830
- Contributions and grants received
- $5,922,605
- Grants paid
- $1,738
- Program service revenue
- $19,194,821
- Investment income
- $60,533
- Other revenue
- $0
- Total assets, end of year
- $228,547,267
- Total liabilities, end of year
- $147,391,387
- Net assets or fund balances, end of year
- $81,155,880
- Program services expenses (Part IX)
- $16,144,518
- Management and general expenses
- $4,631,872
- Fundraising expenses
- $955,440
- Program service expenses (Part III)
- $16,144,518
Program services were 74.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$5,300,121
-
1f · All other contributions, gifts and grants
$622,484
-
2a · Program service revenue: LOAN INTEREST AND SERVICING
total $6,905,274 · related or exempt $6,905,274
-
2b · Program service revenue: HOME SALES, NET
total $6,727,535 · related or exempt $6,727,535
-
2c · Program service revenue: ORIGINATION FEES
total $2,299,962 · related or exempt $2,299,962
-
2d · Program service revenue: COMMISSIONS
total $2,141,659 · related or exempt $2,141,659
-
2e · Program service revenue: MORTGAGE SERVICING RIGHTS
total $756,111 · related or exempt $756,111
-
2f · All other program service revenue
total $364,280 · related or exempt $364,280
-
3 · Investment income
total $59,464 · excluded $59,464
-
7a · Gross sales of assets other than inventory
other assets $223,927
-
7b · Less cost or other basis and sales expenses
other assets $222,858
-
7c · Gain or loss
other assets $1,069
-
7d · Net gain or loss
total $1,069 · excluded $1,069
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,738 · program services $1,738
-
5 · Compensation of officers, directors and key employees
total $1,833,649 · program services $1,166,745 · management and general $527,404 · fundraising $139,500
-
7 · Other salaries and wages
total $7,781,325 · program services $6,431,330 · management and general $868,918 · fundraising $481,077
-
8 · Pension plan contributions
total $454,378 · program services $284,080 · management and general $153,627 · fundraising $16,671
-
9 · Other employee benefits
total $837,297 · program services $523,314 · management and general $272,393 · fundraising $41,590
-
10 · Payroll taxes
total $735,978 · program services $429,037 · management and general $258,816 · fundraising $48,125
-
11a · Fees: management
total $527,265 · management and general $527,265
-
11b · Fees: legal
total $105,049 · program services $55,227 · management and general $22,788 · fundraising $27,034
-
11c · Fees: accounting
total $95,417 · management and general $95,417
-
11e · Fees: professional fundraising services
total $38,665 · fundraising $38,665
-
12 · Advertising and promotion
total $451,337 · program services $338,503 · fundraising $112,834
-
13 · Office expenses
total $257,249 · management and general $257,249
-
14 · Information technology
total $371,984 · program services $33,784 · management and general $337,852 · fundraising $348
-
16 · Occupancy
total $255,764 · program services $122,767 · management and general $104,863 · fundraising $28,134
-
17 · Travel
total $81,721 · program services $8,949 · management and general $59,529 · fundraising $13,243
-
20 · Interest
total $3,057,530 · program services $2,941,384 · management and general $116,146
-
22 · Depreciation, depletion and amortization
total $1,155,501 · program services $653,696 · management and general $501,805
-
23 · Insurance
total $483,944 · program services $105,328 · management and general $378,616
-
24a · Other expenses: CAPITAL GRANT EXPENSE
total $1,453,768 · program services $1,453,768
-
24b · Other expenses: CLIENT SUPPORT SERVICES
total $821,059 · program services $821,059
-
24c · Other expenses: CARRYING COSTS AND OTHE
total $199,767 · program services $192,582 · management and general $7,185
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $167,606 · program services $64,458 · management and general $94,929 · fundraising $8,219
-
24e · All other expenses
total $563,839 · program services $516,769 · management and general $47,070
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,114,063 · end of year $13,137,947
-
2 · Savings and temporary cash investments
beginning of year $23,860,974 · end of year $13,352,461
-
3 · Pledges and grants receivable
beginning of year $799,780 · end of year $1,345,386
-
4 · Accounts receivable
beginning of year $3,750,284 · end of year $2,558,477
-
5 · Loans and receivables from officers and key people
beginning of year $18,531 · end of year $17,445
-
7 · Other notes and loans receivable
beginning of year $107,117,726 · end of year $127,019,497
-
8 · Inventories for sale or use
beginning of year $13,672 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $452,167 · end of year $739,953
-
10a · Land, buildings and equipment: cost or other basis
$14,954,811
-
10b · Land, buildings and equipment: accumulated depreciation
$4,658,303
-
10c · Land, buildings and equipment, net
beginning of year $10,535,870 · end of year $10,296,508
-
15 · Other assets
beginning of year $48,516,883 · end of year $60,079,593
-
17 · Accounts payable and accrued expenses
beginning of year $3,609,492 · end of year $4,525,484
-
19 · Deferred revenue
beginning of year $3,790,495 · end of year $5,244,911
-
21 · Escrow or custodial account liability
beginning of year $4,119,792 · end of year $4,586,222
-
23 · Secured mortgages and notes payable
beginning of year $88,388,872 · end of year $96,798,376
-
24 · Unsecured notes and loans payable
beginning of year $22,920,000 · end of year $28,421,238
-
25 · Other liabilities
beginning of year $7,639,105 · end of year $7,815,156
-
27 · Net assets without donor restrictions
beginning of year $75,452,677 · end of year $78,096,993
-
28 · Net assets with donor restrictions
beginning of year $2,259,517 · end of year $3,058,887
Mission and programs · 2022
Mission
THE HOMEWISE MISSION IS TO HELP CREATE SUCCESSFUL HOMEOWNERS AND STRENGTHEN NEIGHBORHOODS SO THAT INDIVIDUALS AND FAMILIES CAN IMPROVE THEIR LONG-TERM FINANCIAL WELL-BEING AND QUALITY OF LIFE.
-
HOMEWISE PROVIDES FINANCIAL COUNSELING, PROPERTY DEVELOPMENT, GOVERNMENT PROGRAM ADMINISTRATION, LOW-INTEREST FIXED RATE MORTGAGES, HOME IMPROVEMENT LOANS, REFINANCE LOANS, MORTGAGE LOAN SERVICING, AND REAL ESTATE SALES.
Expenses $16,144,518 · Grants $1,738 · Revenue $19,194,821
As filed on the 2022 return.
Listed in Part VII
-
Katherine UlibarriKATHERINE ULIBARRI
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Anne Messbarger-EquiaANNE MESSBARGER-EQUIA
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Joseph KunkelJOSEPH KUNKEL
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Marissa RuyleMARISSA RUYLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Erika CamposERIKA CAMPOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Shelle Vanetten De SanchezSHELLE VANETTEN DE SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Agnes NoonanAGNES NOONAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Paul VogelPAUL VOGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jade RiveraJADE RIVERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Josue OlivaresJOSUE OLIVARES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Amanda KoconAMANDA KOCON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Andrew SpinglerANDREW SPINGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
David DelgadoDAVID DELGADO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael LoftinMICHAEL LOFTIN
CEO
- Total calculated
- $326,313
- From this org
- $293,809
- From related orgs
- $0
- Other
- $32,504
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $262,084
- Bonus
- $31,725
- Other
- $0
- Deferred
- $21,384
- Nontaxable benefits
- $11,120
- Filer's total
- $326,313
-
Daniel Slavin Chief RealDANIEL SLAVIN CHIEF REAL
ESTATE DEV. OFFICER AND DEPUTY CFO
- Total calculated
- $201,051
- From this org
- $174,622
- From related orgs
- $0
- Other
- $26,429
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,359
- Bonus
- $21,263
- Other
- $0
- Deferred
- $14,693
- Nontaxable benefits
- $11,736
- Filer's total
- $201,051
-
Elena GonzalesELENA GONZALES
COO
- Total calculated
- $182,657
- From this org
- $164,328
- From related orgs
- $0
- Other
- $18,329
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,427
- Bonus
- $18,901
- Other
- $0
- Deferred
- $12,668
- Nontaxable benefits
- $5,661
- Filer's total
- $182,657
-
Johanna GilliganJOHANNA GILLIGAN
CHIEF EXTERNAL AFFAIRS OFFICER
- Total calculated
- $174,158
- From this org
- $147,369
- From related orgs
- $0
- Other
- $26,789
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,118
- Bonus
- $20,251
- Other
- $0
- Deferred
- $11,836
- Nontaxable benefits
- $14,953
- Filer's total
- $174,158
-
Kelly O'DonnellKELLY O'DONNELL
CHIEF RESEARCH & POLICY OFFICER
- Total calculated
- $189,025
- From this org
- $175,986
- From related orgs
- $0
- Other
- $13,039
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,986
- Bonus
- $0
- Other
- $0
- Deferred
- $3,323
- Nontaxable benefits
- $9,716
- Filer's total
- $189,025
-
Clarence SimmonsCLARENCE SIMMONS
CFO (THRU 03/31/23)
- Total calculated
- $222,106
- From this org
- $194,834
- From related orgs
- $0
- Other
- $27,272
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,208
- Bonus
- $23,626
- Other
- $0
- Deferred
- $16,152
- Nontaxable benefits
- $11,120
- Filer's total
- $222,106
-
Laura AltomareLAURA ALTOMARE
PRESIDENT (THRU 12/16/22)
- Total calculated
- $243,041
- From this org
- $213,507
- From related orgs
- $0
- Other
- $29,534
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,856
- Bonus
- $25,651
- Other
- $0
- Deferred
- $15,898
- Nontaxable benefits
- $13,636
- Filer's total
- $243,041
-
Jill CookJILL COOK
COO (THRU 07/29/22)
- Total calculated
- $154,884
- From this org
- $144,295
- From related orgs
- $0
- Other
- $10,589
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,994
- Bonus
- $24,301
- Other
- $0
- Deferred
- $10,077
- Nontaxable benefits
- $512
- Filer's total
- $154,884
-
Lina PageLINA PAGE
SENIOR DIR, COMMS. (THRU 12/31/22)
- Total calculated
- $126,550
- From this org
- $126,550
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Eugenio Chavez Real EstateEUGENIO CHAVEZ REAL ESTATE
DEV. CONSTRUCTION DIRECTOR
- Total calculated
- $146,408
- From this org
- $130,239
- From related orgs
- $0
- Other
- $16,169
- Hours/week
- 40
-
Gloria ChavezGLORIA CHAVEZ
REAL ESTATE SALES MANAGER
- Total calculated
- $128,171
- From this org
- $110,623
- From related orgs
- $0
- Other
- $17,548
- Hours/week
- 40
-
Aaron FowlerAARON FOWLER
QUALIFYING BROKER (THRU 03/16/23)
- Total calculated
- $153,418
- From this org
- $134,762
- From related orgs
- $0
- Other
- $18,656
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,762
- Bonus
- $0
- Other
- $0
- Deferred
- $11,062
- Nontaxable benefits
- $7,594
- Filer's total
- $153,418
-
Sheryl KassetasSHERYL KASSETAS
LENDING OPERATIONS DIRECTOR
- Total calculated
- $142,343
- From this org
- $117,609
- From related orgs
- $0
- Other
- $24,734
- Hours/week
- 40
-
Ambrose PenaAMBROSE PENA
QUALIFYING BROKER
- Total calculated
- $161,260
- From this org
- $134,999
- From related orgs
- $0
- Other
- $26,261
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,999
- Bonus
- $0
- Other
- $0
- Deferred
- $11,308
- Nontaxable benefits
- $14,953
- Filer's total
- $161,260
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
- 6a · Pay contingent on this organization's net earnings
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
- 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 IN 2018.
- 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.
-
HW CORONADO COMPLEX LLC
MIXED USE DEVELOPMENT · NM · income $36,819 · assets $7,031,747
Directly controlled by HOMEWISE INC
-
HOMEWISE ORPHEUM LLC
MIXED USE DEVELOPMENT · NM · income $57,144 · assets $3,961,119
Directly controlled by HOMEWISE INC
-
HW RUPPE LLC
MIXED USE DEVELOPMENT · NM · income $26,519 · assets $527,912
Directly controlled by HOMEWISE INC
-
HOMEWISE MORTGAGE LLC
MORTGAGE LENDER · NM · income $965,951 · assets $19,233,495
Directly controlled by HOMEWISE INC
-
LAND FOR FUTURE DEVELOPMENT · NM · income $0 · assets $314,071
Directly controlled by HOMEWISE INC
-
LAND FOR FUTURE DEVELOPMENT · NM · income $0 · assets $555,475
Directly controlled by HOMEWISE INC
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 $42,660 · share of assets $5,280,010
Directly controlled by HOMEWISE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349311011
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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