Homeownership Preservation Foundation
Homeownership Preservation Foundation reported $11.2 million in revenue and $11.5 million in expenses for calendar year 2024. Of every $100 it spent, $96.87 went to program services, $3.00 to management and general costs and $0.13 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.5% of the total. The highest compensation it reported for one person was $519,626 (PRESIDENT & CEO). Revenue rose 57% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.9% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.0% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.5% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $519,626 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.52% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 0 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.2 | 6.9 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePre-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
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…
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 2.00 hrs/week | $0 | $474,384 | $45,242 | $519,626 |
| CIO Highest compensated employee, 2.00 hrs/week | $0 | $325,435 | $38,443 | $363,878 |
| CHIEF BUSINESS DEVELOPMENT OFFICER Highest compensated employee, 3.00 hrs/week | $0 | $263,194 | $41,461 | $304,655 |
| CFO (SERVED UNTIL 09/2024) Officer, 5.00 hrs/week | $0 | $265,414 | $11,485 | $276,899 |
| DIRECTOR OF STAKEHOLDER ENGAGEMENT Highest compensated employee, 20.00 hrs/week | $0 | $188,986 | $57,579 | $246,565 |
| CFO (BEGAN SERVICE 08/2024) Officer, 2.00 hrs/week | $0 | $187,083 | $37,796 | $224,879 |
| DIRECTOR OF INFORMATION SECURITY Highest compensated employee, 8.00 hrs/week | $0 | $161,521 | $51,028 | $212,549 |
| DIRECTOR OF IT OPERATIONS Highest compensated employee, 2.00 hrs/week | $0 | $147,024 | $50,788 | $197,812 |
0 people received more than $100,000 in reportable compensation from Homeownership Preservation Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 610
Correct a figure or respond
Every number above is copied from Homeownership Preservation Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Homeownership Preservation Foundation, you can publish a response that is linked from this page.
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Of every $100 Homeownership Preservation Foundation spent in 2024, $96.87 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Homeownership Preservation Foundation's spending goes to programs?
In calendar year 2024, Homeownership Preservation Foundation reported that 96.9% of its $11.5 million in expenses went to program services, 3.0% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Homeownership Preservation Foundation pay its top executive?
The largest total compensation Homeownership Preservation Foundation reported for one person in calendar year 2024 was $519,626, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Homeownership Preservation Foundation get its money?
Of $11.2 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 92.5% from program service revenue (Form 990, Part VIII).
Is Homeownership Preservation Foundation a registered charity?
The IRS lists EIN 52-2403507 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543159349303279 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422509349301667 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302029349300725 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349301892 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143019349301044 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013119349302476 · read the filing
All filings for EIN 52-2403507: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.