2024-11-08T13:43:04-06:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 550860403 HOGAR HISPANO INC HOGA 6024551302 1126 16TH STREET NW 600 WASHINGTON DC 20036 MARCOS MORALES EXECUTIVE DIRECTOR 6024551302 2024-11-08 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2024-10-15 13:58:12Z LAUTARO DIAZ 1126 16TH STREET NW 600 WASHINGTON DC 20036 1480209 0 X N/A X 2004 DC SEE PART III, LINE 1. 7 7 6 7 0 0 1010000 0 250362 263399 300 301 357767 145468 1618429 409168 0 6750 0 0 525522 469918 0 0 0 620897 719491 1146419 1196159 472010 -786991 5529247 4231773 1114740 604257 4414507 3627516 X THROUGH PARTICIPATION IN REAL ESTATE, INVESTMENTS AND RELATED DEBT, THE CORPORATION WILL SERVE AND BENEFIT THE UNDERSERVED AND HISPANIC/LATINO COMMUNITY, BOTH LOCALLY AND NATIONALLY BY PROVIDING COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES TO SERVICE-BASED ORGANIZATIONS, INCLUDING EDUCATIONAL, WORKFORCE TRAINING AND CAPACITY BUILDING OPPORTUNITIES. 0 0 746033 6750 1479908 HHI HAS DEVELOPED PROGRAMS FOR FORECLOSURE PREVENTION AND FOR THE RESALE OF FORECLOSED PROPERTIES TO INDIVIDUALS AND NON-PROFITS. THE ORGANIZATION PROVIDES DIVERSE SERVICES AND IN-KIND SUPPORT TO DEVELOP BUSINESS MODELS AND SERVICE DELIVERY OPTIONS FOR LATINO SERVICE NON-PROFITS TO UTILIZE. THROUGH EXECUTIVE MANAGEMENT SUPPORT OF PROJECTS, HHI OFFERS TECHNICAL AND DEVELOPMENT SUPPORT FOR THE CREATION OF NEW MODELS FOR DELIVERING FINANCIAL SERVICE INVESTMENTS TO LOW INCOME COMMUNITIES AND FAMILIES. THE ORGANIZATION HAS SEVERAL ACTIVE PROJECTS ON A NATIONAL PLATFORM. 746033 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 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 1 0 0 0 0 1 22 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 1 1 X MARCOS MORALES 6024551302 1126 16TH STREET NW STE 600 WASHINGTON DC 20036 LAUTARO DIAZ BOARD CHAIRMAN 3.00 X X 0 0 0 VICKI TASSAN VICE CHAIRMAN 2.00 X X 0 0 0 KEVIN SMITH TREASURER/SECRETARY 2.00 X X 0 0 0 ELISABETH COATS BOARD MEMBER 2.00 X 0 0 0 HALA FARID BOARD MEMBER 2.00 X 0 0 0 YVES MOMBELEUR BOARD MEMBER 2.00 X 0 0 0 BEA STOTZER BOARD MEMBER 2.00 X 0 0 0 MARCOS MORALES EXECUTIVE DIRECTOR 40.00 X 137890 0 28490 137890 0 28490 1 0 1 0 0 FEE INCOME 900099 144843 144843 RENTAL INCOME 900099 73084 73084 MORTGAGE INTEREST INCOME 900099 45472 45472 263399 301 301 1216509 1071041 145468 145468 409168 408867 0 301 5750 5750 1000 1000 166380 116466 49914 240527 170603 69924 4746 3659 1087 31237 23866 7371 27028 19898 7130 18686 1773 16913 198682 198682 110970 90759 20211 29546 8896 20650 30075 9413 20662 61160 50893 10267 60668 45061 15607 55402 55402 18982 11803 7179 LOAN POOL EXPENSES 67865 67865 INVENTORY WRITE-OFF 27315 27315 CREDIT LOSS 21178 21178 PAYROLL SERVICES 10201 7510 2691 8761 6923 1838 1196159 746033 450126 0 1070378 450396 200000 0 214114 150212 1361906 1283422 1407754 1011819 1272527 1333356 2568 2568 5529247 4231773 103292 173237 1009853 429425 1595 1595 1114740 604257 X 4414507 3627516 4414507 3627516 5529247 4231773 -786991 0 X 0 1 X 1 0 X 159006 656033 208203 1010000 2033242 2578853 1172200 2611058 1619574 1479908 9461593 2737859 1828233 2819261 2629574 1479908 11494835 656033 75000 1000000 1731033 1031603 561270 1861825 780699 1031120 5266517 1031603 1217303 1936825 1780699 1031120 6997550 4497285 16 4 300 301 621 16 4 300 301 621 -49 -49 2737875 1828237 2819261 2629825 1480209 11495407 0.39120 0.38150 0.00010 X 0 CAG MEMBERS FUND I LLC 904314 C PROPERTY 329042 C HHI FACILITY I 100000 C 1333356 TENANT SECURITY DEPOSITS 1595 1595 409168 0 409168 0 409168 1196159 0 1196159 0 1196159 X X 0 0 0 0 0 0 0 0 0 MARCOS MORALES EXECUTIVE DIRECTOR 137890 0 0 0 0 0 4500 0 23990 0 166380 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B HOGAR DOES NOT HAVE ANY STANDING COMMITTEES OUTSIDE OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD COMPLETED A THOROUGH REVIEW OF THE AUDIT AND DEVOLVED THE OVERSIGHT RESPONSIBILITY FOR THE ORGANIZATION'S 990 FILING TO THE BOARD CHAIRMAN. THE BOARD IS PROVIDED, VIA EMAIL, WITH A COPY OF THE FINAL 990 FOR REVIEW BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING WILL OCCUR IMPLEMENTING TWO PRACTICES: - ANNUALLY BOARD MEMBERS WILL HAVE TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. IF A CONFLICT SURFACES THE BOARD CHAIR OR SECRETARY TREASURER WILL TAKE APPROPRIATE ACTION. - ALL CONTRACTORS ARE DISCLOSED TO BOARD MEMBERS AND IT IS ITS CUSTOM TO LOOK FOR POTENTIAL CONFLICTS OF INTEREST SITUATIONS. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT OR POSITION STATEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWED THE EXECUTIVE DIRECTOR'S COMPENSATION. IT USED SALARY INFORMATION FROM THE EXECUTIVE DIRECTOR'S PREVIOUS POSITION. THE LAST REVIEW TOOK PLACE IN FEBRUARY OF 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HOGAR COMMUNITY REINVESTMENT LLC 1126 16TH ST NW SUITE 600 WASHINGTON DC 20036 452485661 REO CONVERSION AZ 57429 11854620 HOGAR HISPANO SECOND OPPORTUNITY OF AMERICA LLC 1126 16TH ST NW SUITE 600 WASHINGTON DC 20036 452475041 FORECLOSURE PREVENTION AZ 351739 8096370 HOGAR HISPANO HHI POLL FACILITY I LLC 11022 NORTH 28TH DR STE 200 PHOENIX AZ 85029 933048776 REO CONVERSION DE 0 100000 HOGAR HISPANO CAG MEMBERS FUND ILLC 11022 NORTH 28TH DRIVE SUITE 1909 PHOENIX AZ 85029 874411256 MANAGE POOL OF MORTGAGES AZ RELATED 1 78956 1958887 0 0 0.11200