2024-11-01T14:39:45-05:00 2023-12-31 571157523 Aprio LLP 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-01-01 863155095 Wider Path Home Foundation WIDE 4018463100 25 Enterprise Center Middletown RI 02842 Sarah Hobson Executive Director 4018463100 2024-11-01 1 1 Stacy Cullen P00974308 4048929651 2024-11-01 2023 2024-10-15 13:58:12Z Sarah Hobson 25 Enterprise Center Middletown RI 02842 507000 0 X widerpathhome.com X 2021 RI The purpose of the corporation is to support members of minority and other understanding populations that seek to own homes in economically disadvantage areas by providing homes ownership related financial education and down payment assistance, and to engage in any lawful act of activity for which corporation maybe organized under the general corporation law. 7 6 4 15 0 0 2037100 507000 0 0 0 0 0 0 2037100 507000 564958 1530638 0 0 0 96130 0 0 0 72417 136879 637375 1763647 1399725 -1256647 1421998 165351 0 0 1421998 165351 X Wider Path Home Foundation is grounded in responding to America's history of restricting access to safe, quality, and affordable land, housing, and other essential sustainable resources for African Americans and those facing a similar plight. Because of this history, our mission is to bring housing industry leaders together to support affordable housing through education, community development, and down payment assistance. We network with the housing industry and other industry partners to fill in needed supports for local community development that advance housing equity, affordability, and stability. 0 0 1530638 1530638 To support sustainable affordable housing through housing education, community development, and down payment assistance. We want to provide an experience built on grace, mercy, reconciliation, home, rest, and unconditional love. 1530638 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X The Organization 4018463100 25 Enterprise Center Middletown RI 02842 Dennis Hardiman CEO 1.00 X X 0 0 0 Brian Gilpin President 4.00 X X 0 0 0 Deanna Roy Secretary 0.25 X X 0 0 0 Audley Lewis Treasurer 1.00 X X 0 0 0 Sarah Hobson Director of Educational Content and Community Conn 20.00 X 78319 0 0 Meghan Handy Director of Marketing 2.00 X 0 0 0 Parkes Dibble Director of Community Development 0.25 X 0 0 0 78319 0 0 0 0 0 0 0 507000 507000 507000 0 0 0 5000 5000 1525638 1525638 78319 78319 11090 11090 6721 6721 116450 116450 1570 1570 1321 1321 2590 2590 Regristration 13829 13829 Licenses 1119 1119 1763647 1530638 233009 0 1420898 165351 1100 0 1421998 165351 0 0 X 1421998 165351 1421998 165351 1421998 165351 -1256647 0 X X 0 1 X 1 0 X 50000 2037100 507000 2594100 50000 2037100 507000 2594100 2594100 2594100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 539190 32190 32190 507000 0 507000 1795837 32190 32190 1763647 0 1763647 Part X, Line 2: The Foundation is a nonprofit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for federal income taxes is required. The Foundation applies the guidance on accounting for uncertain tax provisions in FASB ASC 740 Income Taxes. The Foundation is no longer subject to income tax examinations for tax years up to and including 2020. 1 0 1 Down Payment Assitance Grants 198 1525638 Wider Path Home grants are provided to eligible households to be used towards down payment and/or closing costs for the purchase of a primary residence home. Part I, Line 2: Grant funds are wired directly to Title at closing for down payment assistance grants. Form 990, Part VI, Section A, line 2 Dennis Hardiman and Meghan Handy share a family relationship. Several board members are also employees of Embrace Home Loans in 2023. Form 990, Part VI, Section B, line 11b The tax return is reviewed and approved by the board of directors prior to filing. Form 990, Part VI, Section B, line 12c Each director, principal officer and member of a committee with governing board delegated powers must annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy B. Has read and understands the policy C. Has agreed to comply with the policy and d. Understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the governing board or committee meeting while the remaining board or committee members decide if a conflict of interest exists. If a conflict exists, the interested person must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. If appropriate, a disinterested person or committee is appointed to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determines whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section C, line 18 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section C, line 19 The governing documents are made available to the public upon request. Form 990, Part XII, Line 2C The organization has not changed any processes from prior year.