2025-02-13T09:57:19-06:00 2024-03-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2023-04-01 850346325 HOMEWISE INC HOME 5059839473 1301 SILER ROAD BUILDING D SANTA FE NM 87507 MICHAEL LOFTIN CEO 5059839473 2025-02-12 1 1 PAMELA ALEXANDERSON P01218925 5058787200 2025-02-12 2023 2025-03-06 01:10:19Z MICHAEL LOFTIN 1301 SILER ROAD BUILDING D SANTA FE NM 87507 30845036 0 X WWW.HOMEWISE.ORG X 1986 NM 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. 12 12 141 12 0 0 5922605 10296352 19194821 19945577 60533 249985 0 0 25177959 30491914 1738 0 0 0 11642627 11378299 38665 46814 963826 10048800 12620207 21731830 24045320 3446129 6446594 228547267 241933592 147391387 154325165 81155880 87608427 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. 0 0 18903965 19945577 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. 18903965 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 6010 0 1 141 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 NM X X X DANIEL SLAVIN CFO 5057957599 1301 SILER ROAD BUILDING D SANTA FE NM 87507 KATHERINE ULIBARRI CHAIR 5.00 X X 0 0 0 ANNE MESSBARGER-EQUIA VICE-CHAIR 2.50 X X 0 0 0 JOSEPH KUNKEL TREASURER 2.50 X X 0 0 0 MARISSA RUYLE SECRETARY 2.50 X X 0 0 0 AGNES NOONAN BOARD MEMBER 1.50 X 0 0 0 AMANDA KOCON BOARD MEMBER 1.50 X 0 0 0 ANDREW SPINGLER BOARD MEMBER 1.50 X 0 0 0 DAVID DELGADO BOARD MEMBER 1.50 X 0 0 0 JADE RIVERA BOARD MEMBER 1.50 X 0 0 0 JOSUE OLIVARES BOARD MEMBER 1.50 X 0 0 0 PAUL VOGEL BOARD MEMBER 1.50 X 0 0 0 SHELLE VANETTEN DE SANCHEZ BOARD MEMBER 1.50 X 0 0 0 MICHAEL LOFTIN CEO 40.00 X 274494 0 34537 DELORIS PAGE CIO 40.00 X 198501 0 9305 KELLY O'DONNELL CHIEF RESEARCH & POLICY OFFICER 40.00 X 175005 0 26076 RATHI CASEY CHIEF CREATIVE OFFICER 40.00 X 170302 0 0 ELENA GONZALES COO 40.00 X 168501 0 20443 DANIEL SLAVIN CFO 40.00 X 163634 0 20043 JOHANNA GILLIGAN CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 161110 0 31598 EUGENIO CHAVEZ REAL ESTATE DEV. CONSTRUCTION DIRECTOR 40.00 X 133931 0 17690 AMBROSE PENA QUALIFYING BROKER 40.00 X 127580 0 28845 SHERYL KASSETAS LENDING OPERATIONS DIRECTOR 40.00 X 127087 0 28818 JAIME JARAMILLO REAL ESTATE DEVELOPMENT PLANNING DIRECTOR 40.00 X 112978 0 9852 MICHELE ERENBERGER SENIOR UNDERWRITER 40.00 X 109701 0 15762 1922824 0 242969 17 0 1 0 TQM LLC 9798 COORS BLVD NW BLDG C ALBUQUERQUE NM 87114 CONSTRUCTION 4439566 RICHARDSON & RICHARDSON INC PO BOX 36627 ALBUQUERQUE NM 87176 CONSTRUCTION 3966662 JP BUILDERS 1018 CERRO VISTA RD SW ALBUQUERQUE NM 87105 CONSTRUCTION 2080527 LOPEZ LANDSCAPE AND CONSTRUCTION 51 SUNRISE RD SANTA FE NM 87507 CONSTRUCTION 1683342 RODRIGUEZ & SONS CONSTRUCTION LLC 2813 DAIL CIRCLE SANTA FE NM 87507 CONSTRUCTION 1672939 15 7186297 3110055 517564 10296352 LOAN INTEREST AND SERVICING 522292 8073596 8073596 HOME SALES, NET 532000 5449997 5449997 COMMISSIONS 531390 2833689 2833689 ORIGINATION FEES 522292 2433459 2433459 MORTGAGE SERVICING RIGHTS 531390 710435 710435 444401 444401 19945577 168107 168107 435000 353122 81878 81878 81878 30491914 19945577 0 249985 1940593 1562899 294331 83363 7202349 5689856 1080352 432141 567336 448196 85100 34040 979640 773916 146946 58778 688381 543821 103257 41303 198877 167758 20917 10202 113409 113409 35000 35000 46814 46814 576960 237813 264624 74523 227564 87312 140252 444448 175063 256681 12704 664207 198783 463753 1671 226890 108907 93025 24958 108793 29836 76945 2012 3413231 3413231 1116972 559495 557477 528303 528303 CAPITAL GRANT EXPENSE 3145255 3145255 CLIENT SUPPORT SERVICES 910160 910160 PROFESSIONAL DEVELOPMEN 153929 60455 92409 1065 CARRYING COSTS AND OTHE 141469 141469 614740 614740 24045320 18903965 4177529 963826 13137947 6896658 13352461 10037876 1345386 1348378 2558477 4421896 17445 15918 127019497 143708436 739953 710080 20160138 5102020 10296508 15058118 1446 60079593 59734786 228547267 241933592 4525484 4624977 5244911 3505565 4586222 4917386 96798376 93858468 28421238 41086082 7815156 6332687 147391387 154325165 X 78096993 84791412 3058887 2817015 81155880 87608427 228547267 241933592 6446594 5953 0 X 0 1 X 1 1 1 X 5983505 10100965 7292238 5922605 10296352 39595665 5983505 10100965 7292238 5922605 10296352 39595665 2991768 36603897 31274 4934 7992 59464 168107 271771 39867436 97945015 0.91810 0.95320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 35000 0 0 0 35000 0 PART II-B, LINE 1: THE ORGANIZATION GAVE $35,000 TO UNITED FOR AFFORDABLE HOUSING WHICH LED THE EFFORT TO PASS THE PROPOSED EXCISE TAX FOR AFFORDABLE HOUSING. SANTA FE HAD ON THE BALLOT FOR THE NOVEMBER VOTE AN EXCISE TAX ON HOMES OVER $1MM THAT WILL GET AN ADDITIONAL 3% THAT WILL GO INTO THE AFFORDABLE HOUSING TRUST FUND. 0 1 X 236484 236484 10244589 6717217 2569168 14392638 2920609 2529825 390784 41239 3027 38212 15058118 MORTGAGE SERVICING RIGHTS 4464882 DEVELOPMENT COSTS 33002356 QUALIFIED LOW INCOME INVESTMENT- POB 20112182 DEPOSITS 8975 DEFERRED COMPENSATION INVESTMENT 35093 OTHER REAL ESTATE OWNED 1726198 RIGHT OF USE ASSETS 158516 LOAN RESERVE 226584 59734786 DUE TO GRANTOR AGENCY 535519 COMMUNITY INVESTMENT NOTES 5585560 SECURITY DEPOSITS 41654 LEASE LIABILITY 169954 6332687 X PART IV, LINE 2B: THE CUSTODIAL ACCOUNT IS MAINTAINED ON BEHALF OF THE CUSTOMERS FOR WHICH THE ORGANIZATION HANDLES THE ESCROW. MONIES ARE RECEIVED AND HELD ON THE CUSTOMERS' BEHALF TO BE DISBURSED AT A FUTURE DATE TO PAY THEIR PROPERTY TAXES AND HOME INSURANCE. THE ESCROWS ARE BALANCED MONTHLY AND THE ACCOUNTS ARE ANALYZED ANNUALLY. ANY OVERAGES ARE SENT TO THE CUSTOMER. ANY SHORTAGES ARE COVERED BY INCREASING THE CUSTOMER'S ESCROW PAYMENTS. PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 MANAGERIAL 253336 0 1 0 0 0 1 253336 0 253336 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL X X 1 SZ CONSULTING LLC 1507 RUSSELL ROAD ALEXANDRIA VA 22301 GRANT APPLICATION REVIEW/CONSULTING 0 0 13500 -13500 MATTHEW SMITH 1103 WEST ALAMEDA STREET SANTA FE NM 87501 GRANT WRITING 0 0 8314 -8314 FRIEDMAN ASSOCIATES LLC 1 KNOLLWOOD LN IOWA CITY IA 52245 GRANT APPLICATION REVIEW/CONSULTING 0 0 25000 -25000 46814 -46814 NM X X X X 0 0 0 0 0 1 0 0 0 MICHAEL LOFTIN CEO 274494 0 0 0 0 0 21108 0 13429 0 309031 0 0 0 DELORIS PAGE CIO 198501 0 0 0 0 0 2462 0 6843 0 207806 0 0 0 KELLY O'DONNELL CHIEF RESEARCH & POLICY OFFICER 175005 0 0 0 0 0 14400 0 11676 0 201081 0 0 0 JOHANNA GILLIGAN CHIEF EXTERNAL AFFAIRS OFFICER 161110 0 0 0 0 0 13600 0 17998 0 192708 0 0 0 ELENA GONZALES COO 168501 0 0 0 0 0 13600 0 6843 0 188944 0 0 0 DANIEL SLAVIN CFO 163634 0 0 0 0 0 13200 0 6843 0 183677 0 0 0 RATHI CASEY CHIEF CREATIVE OFFICER 170302 0 0 0 0 0 0 0 0 0 170302 0 0 0 AMBROSE PENA QUALIFYING BROKER 127580 0 0 0 0 0 10847 0 17998 0 156425 0 0 0 SHERYL KASSETAS LENDING OPERATIONS DIRECTOR 127087 0 0 0 0 0 10820 0 17998 0 155905 0 0 0 EUGENIO CHAVEZ REAL ESTATE DEV. CONSTRUCTION DIRECTOR 133931 0 0 0 0 0 10847 0 6843 0 151621 0 0 0 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. ELENA GONZALES OFFICER HOME IMPROVEMENT LOAN X 25000 15918 0 1 1 15918 X 1 405564 FMV X 1 112000 PROPERTY APPRAISAL 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE CFO AND CONTROLLER REVIEW A COPY OF THE DRAFT FORM 990 FOR COMPLETENESS AND ACCURACY AND THEN SEND IT TO THE FINANCE COMMITTEE FOR REVIEW. THE FORM 990 IS THEN PRESENTED TO THE BOARD. THE GOVERNING BOARD REVIEWS AND THEN APPROVES THE FINAL COPY, AT WHICH POINT THE TAX RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST AGREEMENT ANNUALLY. THEY MUST DOCUMENT ANY CONFLICT AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF A CONFLICT ARISES IN REGARD TO A BOARD MEMBER, THAT MEMBER IS NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS PROCESS INCLUDES THE USE OF OUTSIDE CONSULTANTS WITH COMPARABILITY DATA FOR A SIMILARLY QUALIFIED PERSON IN A COMPARABLE POSITION AT SIMILAR ORGANIZATIONS. ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. THE CEO ESTABLISHES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, SUBJECT TO THE REVIEW OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE ORGANIZATION'S FINANCIAL INFORMATION AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. 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