Nonprofit · EIN 52-2403507
HOMEOWNERSHIP PRESERVATION FOUNDATION
Tax-exempt · FARMINGTN HLS, MI 48331
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,246,874 | $11,507,338 | -$260,464 | $12,080,154 | $3,229,956 | $8,850,198 |
| December 31, 2023 | 990 | $14,063,939 | $13,663,982 | $399,957 | $11,041,312 | $2,117,216 | $8,924,096 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,399,256
- Investment income
- $847,618
- Net gain from sales of assets
- $579,728
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,012,429
- Salaries, compensation and benefits (total)
- $1,204,852
- Professional fundraising fees
- $0
- Legal fees
- $3,322
- Accounting fees
- $3,187
- Travel
- $1,643
- Program services (functional)
- $11,147,196
- Management and general (functional)
- $345,142
- Fundraising (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $11,041,312
- Total assets, end of year
- $12,080,154
- Total liabilities, end of year
- $3,229,956
- Net assets, end of year
- $8,850,198
- Publicly traded securities
- $8,387,038
- Net assets without donor restrictions
- $8,850,198
- Gross receipts
- $18,049,121
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2003
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRISTEN HOLT | PRESIDENT & CEO Officer | 2 | $0 | $474,384 | $45,242 |
| SIREESHA MANDAVA | CIO Highest-paid employee | 2 | $0 | $325,435 | $38,443 |
| RICHARD BIALOBRZESKI | CHIEF BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 3 | $0 | $263,194 | $41,461 |
| RICHARD T HOLLIS | CFO (SERVED UNTIL 09/2024) Officer | 5 | $0 | $265,414 | $11,485 |
| JENNIFER FRASER | DIRECTOR OF STAKEHOLDER ENGAGEMENT Highest-paid employee | 20 | $0 | $188,986 | $57,579 |
| MICHAEL SHINKONIS | CFO (BEGAN SERVICE 08/2024) Officer | 2 | $0 | $187,083 | $37,796 |
| LEO G HOPPER | DIRECTOR OF INFORMATION SECURITY Highest-paid employee | 8 | $0 | $161,521 | $51,028 |
| KARL WYATT | DIRECTOR OF IT OPERATIONS Highest-paid employee | 2 | $0 | $147,024 | $50,788 |
| CAREY PACHLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE GREENE | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTHONY ZAMBELLI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOSHUA SLEDGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN FIRTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE GOTTSCHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE LAFEIR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAMS RICHARDS | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN STEWART | DIRECTOR Trustee or director | 1 | $0 |
| JANE SYDLOWSKI | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRISTEN HOLT | PRESIDENT & CEO Officer | 2 | $0 | $506,998 | $29,468 |
| SIREESHA MANDAVA | CHIEF INFORMATION OFFICER Key employee | 6 | $0 | $327,886 | $26,536 |
| RICHARD T HOLLIS | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $284,124 | $28,779 |
| RICHARD BIALOBRZESKI | CHIEF BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 2 | $0 | $281,526 | $28,466 |
| JENNIFER FRASER | DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO Highest-paid employee | 20 | $0 | $195,332 | $33,499 |
| RODERICK MCGINNISS | SVP - BUSINESS DEVELOPMENT Highest-paid employee | 40 | $0 | $188,055 | $28,240 |
| MICHAEL SHINKONIS | DIRECTOR OF FINANCE AND ACCOUNTING Highest-paid employee | 2 | $0 | $178,452 | $23,368 |
| CAREY PACHLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE GREENE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTHONY ZAMBELLI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN FIRTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE GOTTSCHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE LAFEIR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA SLEDGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN STEWART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE SYDLOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 36500 CORPORATE DR, FARMINGTN HLS, MI 48331-3553
- In care of
- % MATT WEBB
- Principal officer (990 for 2024)
- KRISTEN HOLT, 36500 CORPORATE DRIVE, FARMINGTON HILLS, MI 48331
- Signed the 990
- MICHAEL SHINKONIS, CHIEF FINANCIAL OFFICER
- Phone
- (248) 553-5400
- Website
- WWW.995HOPE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP.
Program accomplishments
- PRE-PURCHASE COUNSELING: HPF ADMINISTERS AFFORDABLE LENDING PROGRAMS ON BEHALF OF BANK AND NON-BANK MORTGAGE LENDERS. HPF PROVIDES LENDERS LOW TO MODERATE INCOME CLIENTS ACCESS TO HUD CERTIFIED HOUSING COUNSELORS TO SUPPORT THEIR ABILITY TO ATTAIN AND SUSTAIN HOMEOWNERSHIP. SOME OF THESE AFFORDABLE PROGRAMS INCLUDE ACCESS TO DOWN PAYMENT AND CLOSING COST ASSISTANCE IF THE BORROWER COMPLETES HOMEBUYER EDUCATION AND/OR ONE-ON-ONE HOUSING COUNSELING.Expenses $9,898,710 · revenue $9,236,789
- GENERAL COUNSELING: HPF PROVIDES COMPREHENSIVE HOMEOWNER EDUCATION AND CONFIDENTIAL FORECLOSURE PREVENTION COUNSELING AT NO COST TO HOMEOWNERS THROUGH THE HOMEOWNER'S 995HOPE HOTLINE. CERTIFIED HOUSING COUNSELORS, THROUGH AFFILIATED HUD-APPROVED NONPROFIT AGENCIES, SERVE THE HOMEOWNER'S 995HOPE HOTLINE. THE HOTLINE IS AVAILABLE 24X7 AND OFFERS EXTENDED LIVE OPERATOR HOURS M-TH 8 AM-10 PM EST, AND F 8 AM-8 PM EST. THE HOMEOWNER'S 995HOPE HOTLINE HAS RECEIVED MORE THAN NINE MILLION CALLS AND HAS COUNSELED OVER TWO MILLION HOMEOWNERS SINCE 2007. THE HOTLINE RECEIVED NEARLY 40,000 CALLS FROM HOMEOWNERS SEEKING ASSISTANCE NAVIGATING FINANCIAL HARDSHIPS AND STRESS IMPACTING THEIR HOUSING STABILITY IN 2024. HPF CLIENTS RECEIVE ONE-ON-ONE COUNSELING AND EDUCATION FOCUSED ON THEIR UNIQUE FINANCIAL CIRCUMSTANCES AND THEIR HOUSING GOALS. CALLERS ARE BETTER EQUIPPED AND CONFIDENT TO MAKE SOUND FINANCIAL DECISIONS AFTER PARTICIPATING IN HOUSING COUNSELING.Expenses $1,148,159 · revenue $1,070,107
- POST MODIFICATION PROGRAM: THE HPF MODEL FOR POST MODIFICATION COACHING DELIVERS A SCALABLE / NATIONWIDE DELIVERY MECHANISM THAT HAS THE CAPABILITY TO PROVIDE A HOLISTIC APPROACH COVERING A HOMEOWNER'S ENTIRE FINANCIAL SITUATION THROUGH HIGH-TOUCH COACHING AND EDUCATION. HPF WORKS TO HELP HOMEOWNERS IMPROVE THEIR FINANCIAL CAPABILITIES, ENABLING THEM TO SUCCESSFULLY SUPPORT THEIR MORTGAGE AND OTHER OBLIGATIONS. THE COACHING OCCURS OVER SEVERAL MONTHS AND IS COMPRISED OF TWO TO FOUR SESSIONS DEPENDING ON THE LOAN TYPE.Expenses $100,327 · revenue $92,360
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2403507
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $12,080,154
- Income (IRS master file)
- $18,049,121
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,246,874 | $11,507,338 | $12,080,154 | IRS |
| 990 | December 2023 | $14,063,939 | $13,663,982 | $11,041,312 | XML |
| 990 | December 2022 | $10,640,592 | $10,256,218 | $10,911,422 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2403507).
Questions about HOMEOWNERSHIP PRESERVATION FOUNDATION
- What is the EIN of HOMEOWNERSHIP PRESERVATION FOUNDATION?
- The employer identification number (EIN) of HOMEOWNERSHIP PRESERVATION FOUNDATION is 52-2403507.
- Is HOMEOWNERSHIP PRESERVATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to HOMEOWNERSHIP PRESERVATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMEOWNERSHIP PRESERVATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMEOWNERSHIP PRESERVATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMEOWNERSHIP PRESERVATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOMEOWNERSHIP PRESERVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names KRISTEN HOLT.
- Who are the officers and directors of HOMEOWNERSHIP PRESERVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does HOMEOWNERSHIP PRESERVATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,246,874, expenses of $11,507,338 and total assets of $12,080,154 at year end.
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