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Nonprofiteer
← HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS INC

Form 990 for tax year 2022

Filed by HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS INC.

Totals

Total revenue
$595,038
Total expenses
$595,038
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$382,696
Investment income
$212,342
Other revenue
$0
Total assets, end of year
$11,682,746
Total liabilities, end of year
$11,682,746
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$595,038
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$595,038

Program services were 100.0% 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.

  • 2a · Program service revenue: MORTGAGE UNDERWRITING

    total $382,696 · related or exempt $382,696

  • 3 · Investment income

    total $212,342 · related or exempt $212,342

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $268,547 · program services $268,547

  • 8 · Pension plan contributions

    total $2,074 · program services $2,074

  • 9 · Other employee benefits

    total $23,172 · program services $23,172

  • 10 · Payroll taxes

    total $19,864 · program services $19,864

  • 11g · Fees: other

    total $17,778 · program services $17,778

  • 13 · Office expenses

    total $1,902 · program services $1,902

  • 14 · Information technology

    total $35,302 · program services $35,302

  • 16 · Occupancy

    total $60,000 · program services $60,000

  • 17 · Travel

    total $1,994 · program services $1,994

  • 20 · Interest

    total $161,373 · program services $161,373

  • 24a · Other expenses: MISCELLANEOUS

    total $3,032 · program services $3,032 · management and general $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $490,111

  • 4 · Accounts receivable

    beginning of year $1,423 · end of year $6,100

  • 7 · Other notes and loans receivable

    beginning of year $5,030,936 · end of year $11,186,535

  • 23 · Secured mortgages and notes payable

    beginning of year $4,370,435 · end of year $9,938,642

  • 25 · Other liabilities

    beginning of year $661,924 · end of year $1,744,104

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO DEVELOP COMMUNITIES WITH PEOPLE IN NEED BY BREAKING DOWN BARRIERS TO HOMEOWNERSHIP AND ORIGINATING AFFORDABLE MORTGAGES FOR HABITAT OMAHA IN THE OMAHA METRO AREA.

Activities or mission (Part I)

A CDFI ORIGINATING MORTGAGES ON AFFORDABLE HOMES TO LOW AND MODERATE INCOME FAMILIES.

  • TO DEVELOP COMMUNITIES WITH PEOPLE IN NEED BY BREAKING DOWN BARRIERS TO HOMEOWNERSHIP IN THE OMAHA METRO AREA. HOAMS UNDERWRITES, ORIGINATES, AND CLOSES MORTGAGES AT AN AFFORDABLE INTEREST RATE. THE HOMEOWNERS PARTICIPATED IN THE "HOME JOURNEY" MORTGAGE READINESS EDUCATION SESSIONS AND ONE-ON-ONE COACHING OFFERED BY HABITAT OMAHA.

    Expenses $595,038 · Revenue $595,038

As filed on the 2022 return.

Listed in Part VII

  • AMANDA BREWER

    PRESIDENT

    Total calculated
    $268,624
    From this org
    $0
    From related orgs
    $258,410
    Other
    $10,214
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,208 related
    Bonus
    $0 + $50,202 related
    Other
    $0
    Deferred
    $0 + $7,034 related
    Nontaxable benefits
    $0 + $3,180 related
    Filer's total
    $0 + $268,624 related

  • LACEY STUDNICKA

    SECRETARY

    Total calculated
    $146,041
    From this org
    $0
    From related orgs
    $141,787
    Other
    $4,254
    Hours/week
    6 + 34 related

  • S LOUIS OLIVERA

    TREASURER

    Total calculated
    $219,145
    From this org
    $0
    From related orgs
    $215,005
    Other
    $4,140
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,500 related
    Bonus
    $0 + $41,505 related
    Other
    $0
    Deferred
    $0 + $4,140 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $219,145 related

  • KENNETH MAR

    AREA DIRECTOR

    Total calculated
    $135,800
    From this org
    $0
    From related orgs
    $116,744
    Other
    $19,056
    Hours/week
    0 + 40 related

  • TRACIE MCPHERSON

    COMMUNICATIONS & ADVOCACY DIRECTOR

    Total calculated
    $160,280
    From this org
    $0
    From related orgs
    $155,612
    Other
    $4,668
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,222 related
    Bonus
    $0 + $24,390 related
    Other
    $0
    Deferred
    $0 + $4,668 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $160,280 related

  • KEVIN HENSEL

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $121,215
    From this org
    $0
    From related orgs
    $117,685
    Other
    $3,530
    Hours/week
    0 + 40 related

  • REBECCA VINTON

    SENIOR DEVELOPMENT OFFICER

    Total calculated
    $129,648
    From this org
    $0
    From related orgs
    $113,674
    Other
    $15,974
    Hours/week
    0 + 40 related

  • DREW LIER

    DIRECTOR OF CONSTRUCTION

    Total calculated
    $182,977
    From this org
    $0
    From related orgs
    $140,263
    Other
    $42,714
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,447 related
    Bonus
    $0 + $19,816 related
    Other
    $0
    Deferred
    $0 + $483 related
    Nontaxable benefits
    $0 + $42,231 related
    Filer's total
    $0 + $182,977 related

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

None.

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

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343129349303524

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