2024-09-30T05:59:49-05:00 2023-12-31 470698853 BLAND & ASSOCIATES 450 REGENCY PARKWAY OMAHA NE 68114 990 2023-01-01 871464065 HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS INC HABI 4024575657 1229 MILLWORK AVE 301 OMAHA NE 68102 CHRISTINE TJELMELAND CFO 4024575657 2024-09-30 1 1 MIKE MULLER P01798781 4023978822 2024-09-27 2023 2024-10-15 13:58:12Z X CHRISTINE TJELMELAND 1229 MILLWORK AVE SUITE 301 OMAHA NE 68102 1573385 0 X N/A X 2021 NE PROVIDE AFFORDABLE HOME MORTGAGE FINANCING TO LOW-INCOME FAMILIES. 5 0 0 0 0 0 0 536000 382696 646565 212342 390820 0 0 595038 1573385 0 0 0 0 313657 417086 0 0 0 281381 756238 595038 1173324 0 400061 11682746 24590968 11682746 24395907 0 195061 TO SUPPORT AND PROMOTE HOME OWNERSHIP BY PROVIDING AFFORDABLE MORTGAGE FINANCING TO LOW-INCOME FAMILIES, WITH A FOCUS IN THE GREATER OMAHA AND LINCOLN METRO AND SURROUNDING AREAS. 0 0 1173324 1037385 HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS, INC (HOAMS) UNDERWRITES ORIGINATES AND CLOSES MORTGAGES AT AN AFFORDABLE INTEREST RATE FOR LOW-INCOME FAMILIES. HOAMS SUCCESSFULLY CLOSED 84 MORTGAGES DURING 2023, TOTALING $16.8MM. AVERAGE AMI FOR THESE MORTGAGEES WAS 60%. DURING 2023 HOAMS BECAME CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). DESIGNATION AS A CDFI AFFIRMS OUR COMMITMENT TO SERVING THE NEEDS OF LOW-INCOME INDIVIDUALS IN OUR COMMUNITY BY CREATING FINANCIAL SELF-SUFFICIENCY AND STABILITY THROUGH HOUSING. 1173324 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X X CHRISTINE TJELMELAND 4024575657 1229 MILLWORK AVE SUITE 301 OMAHA NE 68102 X AMANDA BREWER PRESIDENT/CEO 6.00 34.00 X X 0 268440 11068 CHRISTINE TJELMELAND CHIEF FINANCIAL OFFICER 8.00 32.00 X X 0 158370 17183 LACEY STUDNICKA CHIEF PROGRAMS OFFICER 6.00 34.00 X X 0 155495 4665 TRACIE MCPHERSON CHIEF COMMUNICATIONS OFFICER 1.00 39.00 X X 0 161448 26922 JOHN HASKE CHIEF DEVELOPMENT OFFICER 1.00 39.00 X 0 192256 31764 JANNEANE GEROT SR ORGANIZATIONAL PROJ MGR 2.00 38.00 X 0 105942 3178 JOANNA WRIGHT SR MORTGAGE OPS MGR 29.00 11.00 X 0 103551 20105 0 1145502 114885 0 0 1 0 0 125000 411000 536000 MORTGAGE UNDERWRITING 531390 646565 646565 646565 390820 390820 1573385 1037385 0 0 356509 356509 8780 8780 25320 25320 26477 26477 25618 25618 62663 62663 1058 1058 66150 66150 60000 60000 4508 4508 271736 271736 CREDIT LOSS EXP. CECL 234000 234000 MORTGAGE DISCOUNTS 22187 22187 MISCELLANEOUS 8280 8280 VEHICLE EXPENSE 38 38 1173324 1173324 0 0 490111 1298731 197813 6100 1100 11186535 23093324 11682746 24590968 117000 9938642 19070401 1744104 5208506 11682746 24395907 X 0 -204939 0 400000 0 195061 11682746 24590968 400061 -205000 0 X 0 1 X 1 0 X X 1 HABITAT FOR HUMANITY OF OMAHA INC 363283625 10 1 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 6 HOAMS SUPPORTS ORGANIZATIONS BY UNDERWRITING AND ORIGINATING MORTGAGE LOANS FOR HABITAT FOR HUMANITY AFFILIATES, AND OTHER NONPROFIT LOW-INCOME HOUSING PARTNERS, IN LINCOLN, NEBRASKA AND COUNCIL BLUFFS, IOWA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO HABITAT SARPY 1338455 DUE TO HABITAT OMAHA 3870051 5208506 X 1601758 28373 28373 1573385 0 1573385 1201697 28373 28373 1173324 0 1173324 PART X, LINE 2: HABITAT OMAHA, HABITAT SARPY, HOAMS, AND HFHO REH HAVE EACH RECEIVED EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. AS SUCH, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1701, LLC IS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES, SO IT IS CONSIDERED A PART OF HABITAT OMAHA'S TAX EXEMPTION. HABITAT IS REQUIRED TO FILE SEPARATE FORM 990'S, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR EACH OF THE FOUR TAX-EXEMPT ENTITIES NOTED ABOVE. HABITAT'S RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. AS OF DECEMBER 31, 2023, HABITAT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT WOULD QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. TAX YEARS SUBSEQUENT TO 2020 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. HABITAT HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CLASSIFICATION 28,373. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CLASSIFICATION 28,373. 0 0 0 0 0 0 0 0 0 AMANDA BREWER PRESIDENT/CEO 0 218764 0 49676 0 0 0 7564 0 3504 0 279508 0 0 JOHN HASKE CHIEF DEVELOPMENT OFFICER 0 179169 0 13087 0 0 0 5943 0 25821 0 224020 0 0 TRACIE MCPHERSON CHIEF COMMUNICATIONS OFFICER 0 137058 0 24390 0 0 0 5035 0 21887 0 188370 0 0 CHRISTINE TJELMELAND CHIEF FINANCIAL OFFICER 0 158370 0 0 0 0 0 2700 0 14483 0 175553 0 0 LACEY STUDNICKA CHIEF PROGRAMS OFFICER 0 133462 0 22033 0 0 0 4665 0 0 0 160160 0 0 FORM 990, PART VI, SECTION A, LINE 6 PER THE ARTICLES OF INCORPORATION FOR HOAMS, HOAMS HAS NO STOCK. HOAMS HAS ONE MEMBER WHICH IS HABITAT FOR HUMANITY OF OMAHA INC, A NEBRASKA NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A PER THE BY-LAWS OF HOAMS, EXECUTIVE OFFICERS OR EQUIVALENT POSITIONS OF THE MEMBER, HABITAT OMAHA, COMPRISE THE GOVERNING BODY OF HOAMS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE MADE BY THE HOAMS BOARD OF DIRECTORS. THE HOAMS BOARD OF DIRECTORS ARE EMPLOYEES OF THE SOLE MEMBER OF THE HOAMS CORPORATION WHICH IS HABITAT FOR HUMANITY OF OMAHA, INC. NO OTHER ENTITY OR PERSON MAKES ANY DECISIONS FOR HOAMS. FORM 990, PART VI, SECTION A, LINE 8B HOAMS DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEAHALF OF THE GOVERNING BODY. HOAMS DOES HAVE AN ADVISORY BOARD WITHOUT AUTHORITY WHICH DOES DOCUMENT MEETINGS CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA FIRM PREPARES THE FORM 990. UPON COMPLETION OF THE PREPARATION, A COPY OF THE FORM 990 IS PROVIDED TO A FINANCE COMMITTEE MEMBER AND ALL BOARD MEMBERS OF HFHO PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A SIGNED CONFLICT OF INTEREST STATEMENT IS OBTAINED, ANNUALLY, FROM EACH OFFICER, MEMBER OF THE BOARD OF THE ORGANIZATION, AND STAFF MEMBERS. EACH STATEMENT DOCUMENTS DIRECT BUSINESS RELATIONSHIPS, FAMILY BUSINESS RELATIONSHIPS AND INTER AND INTRA FAMILY AND BUSINESS RELATIONSHIPS, AND ARE REVIEWED FOR POTENTIAL CONFLICTS OF INTEREST. SUCH POTENTIAL CONFLICTS ARE REPORTED TO THE PRESIDENT AND THE BOARD OF DIRECTORS. A TRANSACTION IN WHICH A DIRECTOR HAS A CONFLICT OF INTEREST MAY BE APPROVED IN ADVANCE BY AFFIRMATIVE VOTE OF A MAJORITY OF THE BOARD OF DIRECTORS, OR A COMMITTEE OF THE BOARD OF DIRECTORS. AT THE STAFF LEVEL, NOTICE OF POTENTIAL CONFLICTS OF INTEREST ARE PROVIDED TO THE SUPERVISOR. SIGNIFICANT OR COMPLEX CONFLICTS ARE EXAMINED AND RESOLVED BY THE EXECUTIVE STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION IS COMMITTED TO ATTRACTING, RETAINING, AND MOTIVATING HIGHLY QUALIFIED EMPLOYEES AND LEADERSHIP ESSENTIAL TO ACHIEVING OUR MISSION. COMPENSATION IS DESIGNED TO BE FAIR, EQUITABLE, AND ALIGNED WITH INDUSTRY STANDARDS WHILE ENSURING FISCAL RESPONSIBILITY. WE STRIVE TO PROVIDE COMPENSATION THAT REFLECTS THE FOLLOWING KEY PRINCIPLES: BENCHMARKING AGAINST SIMILAR ORGANIZATIONS IN THE NONPROFIT AND PRIVATE SECTORS TO ENSURE THEY REMAIN COMPETITIVE AND CAPABLE OF ATTRACTING TOP TALENT, A COMBINATION OF BASE SALARY AND PERFORMANCE-BASED INCENTIVES THAT RECOGNIZE INDIVIDUAL AND ORGANIZATIONAL ACHIEVEMENTS, EQUITY AMONG ALL EMPLOYEES WITH CONSISTENT EVALUATION PROCESSES FOR SETTING AND REVIEWING SALARIES, ALIGNMENT WITH THE ORGANIZATION'S VALUES, MISSION, AND FINANCIAL POSITION. THE EXECUTIVE COMMITTEE (A SUB-COMMITTEE OF THE BOARD OF DIRECTORS) REVIEWS AND APPROVES THE CEO'S COMPENSATION AND PROVIDES AN OVERVIEW OF THE PROCESS, INCLUDING PERFORMANCE EVALUATION AND APPROVED COMPENSATION, TO THE FULL BOARD OF DIRECTORS. THE CEO SETS COMPENSATION FOR OFFICERS AND KEY EMPLOYEES WITH THE EXECUTIVE COMMITTEE SERVING IN AN OVERSIGHT AND ADVISORY ROLE. THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE AND COMPARABLE MARKET DATA FOR EACH OFFICER AND KEY EMPLOYEE AND CONDUCTS DETAILED DISCUSSIONS WITH THE CEO REGARDING COMPENSATION FOR EACH OF THESE POSITIONS. AN OVERVIEW OF THE EXECUTIVE COMMITTEE MEETING RELATED TO THE COMPENSATION REVIEW IS PREPARED FOLLOWING THE MEETING AND PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 WHEN REQUESTED IN GRANT APPLICATIONS, THE GRANT MANAGERS INCLUDE BY-LAWS, ARTICLES OF INCORPORATION, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS. WHEN REQUESTED BY THE PUBLIC (OTHER THAN IN GRANT APPLICATIONS), THE FORM 990 AND CONFLICT OF INTEREST POLICY ARE PROVIDED. IN ADDITION, THE FORM 990 CAN BE SEEN ON THE FOLLOWING WEBSITES: HABITATOMAHA.ORG, GUIDESTAR.ORG, AND CHARITYNAVIGATOR.ORG. FORM 990, PART VII, SECTION A, LINE 1B PER HOAMS BY-LAWS, DIRECTORS AND OFFICERS OF HOAMS ARE EMPLOYEES OF THE SOLE MEMBER OF HOAMS CORPORATION, HABITAT FOR HUMANITY OF OMAHA INC (HABITAT OMAHA). AS SUCH, THE WAGES PAID TO THE HOAMS DIRECTORS AND OFFICERS ARE PAID BY HABITAT OMAHA AND NOT BY HOAMS. THE WAGES PAID BY HOAMS ARE TO MORTGAGE SERVICES PERSONNEL AND NOT LEADERSHIP. HABITAT FOR HUMANITY OF OMAHA INC 1229 MILLWORK AVE SUITE 301 OMAHA NE 68102 363283625 AFFORDABLE HOMEOWNERSHIP NE 501(C)(3) LINE 10 N/A 0 HABITAT FOR HUMANITY SARPY COUNTY INC 1229 MILLWORK AVE SUITE 301 OMAHA NE 68102 470788757 AFFORDABLE HOMEOWNERSHIP NE 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 HABITAT FOR HUMANITY SARPY COUNTY INC L 858114 ORIGINATION OF MORTGAGES SOLD HABITAT FOR HUMANITY OF OMAHA INC L 14990103 ORIGINATION OF MORTGAGES SOLD HABITAT FOR HUMANITY OF OMAHA INC L 646565 AVERAGE COST OF SERVICES HABITAT FOR HUMANITY OF OMAHA INC O 417086 ACTUAL COST OF WAGES/BENEFITS HABITAT FOR HUMANITY OF OMAHA INC P 734051 ACTUAL COSTS OF OTHER EXPENSES HABITAT FOR HUMANITY OF OMAHA INC R 390820 ALL CASH AND INTEREST INCOME