Homewise Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850346325 ✦ Santa fe, NM ✦ Designated as a 501(c)(3)

Overview

What is Homewise Inc?

Homewise Inc, located at 1301 Siler Road Building D in Santa Fe, New Mexico (87507), is a nonprofit organization dedicated to helping individuals and families enhance their long-term financial well-being and improve their quality of life. Through its various services, Homewise aims to create successful homeowners and strengthen neighborhoods. The organization offers financial counseling, manages government programs, provides low-interest fixed-rate mortgages, home improvement loans, refinance loans, mortgage loan servicing, and real estate sales. Homewise's mission is to provide essential resources and support, enabling individuals and families to build a stronger financial foundation and secure a brighter future. With a team of 159 employees, Homewise is committed to making a difference in the lives of the communities it serves.


Official website here: www.homewise.org

Is Homewise Inc legitimate?

Homewise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homewise Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,833,649
Professional Fundraising Fees: $38,665
Other Salaries and Wages: $7,781,325

For more financial information, click here


Official website here: www.homewise.org

What is the mission statement of Homewise Inc?

Homewise Inc is dedicated to helping individuals and families enhance their long-term financial stability and improve their quality of life by creating successful homeowners. Through various services, Homewise aims to strengthen neighborhoods and provide assistance in financial counseling, property development, government program administration, mortgages, home improvement loans, refinance loans, mortgage loan servicing, and real estate sales.


Official website here: www.homewise.org

Who is the CEO of Homewise Inc?

Michael Loftin is the Chair of Homewise Inc. The CEO's salary of Homewise Inc is $293,809 and their total compensation is $326,313.


Official website here: www.homewise.org

What is the revenue of Homewise Inc?

Homewise Inc's revenue in 2023 was $25,177,959.


Official website here: www.homewise.org

Who are the executives of Homewise Inc and what are their salaries?

The average compensation at Homewise Inc during 2023 was $60,472. There are 159 employees and 13 volunteers at Homewise Inc.

Here are 27 key members and their salaries (Homewise Inc's CEO's salary is $293,809 and their total compensation is $326,313):

    Michael Loftin (Ceo)
  • Compensation: $293,809
  • Related: $0
  • Other: $32,504

    • Laura Altomare (President (Thru 12/16/22))
  • Compensation: $213,507
  • Related: $0
  • Other: $29,534

    • Clarence Simmons (Cfo (Thru 03/31/23))
  • Compensation: $194,834
  • Related: $0
  • Other: $27,272

    • Daniel Slavin Chief Real (Estate Dev. Officer And Deputy Cfo)
  • Compensation: $174,622
  • Related: $0
  • Other: $26,429

    • Kelly O'Donnell (Chief Research & Policy Officer)
  • Compensation: $175,986
  • Related: $0
  • Other: $13,039

    • Elena Gonzales (Coo)
  • Compensation: $164,328
  • Related: $0
  • Other: $18,329

    • Johanna Gilligan (Chief External Affairs Officer)
  • Compensation: $147,369
  • Related: $0
  • Other: $26,789

    • Ambrose Pena (Qualifying Broker)
  • Compensation: $134,999
  • Related: $0
  • Other: $26,261

    • Jill Cook (Coo (Thru 07/29/22))
  • Compensation: $144,295
  • Related: $0
  • Other: $10,589

    • Aaron Fowler (Qualifying Broker (Thru 03/16/23))
  • Compensation: $134,762
  • Related: $0
  • Other: $18,656

    • Eugenio Chavez Real Estate (Dev. Construction Director)
  • Compensation: $130,239
  • Related: $0
  • Other: $16,169

    • Sheryl Kassetas (Lending Operations Director)
  • Compensation: $117,609
  • Related: $0
  • Other: $24,734

    • Gloria Chavez (Real Estate Sales Manager)
  • Compensation: $110,623
  • Related: $0
  • Other: $17,548

    • Lina Page (Senior Dir, Comms. (Thru 12/31/22))
  • Compensation: $126,550
  • Related: $0
  • Other: $0

    • Katherine Ulibarri (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Messbarger-Equia (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Kunkel (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marissa Ruyle (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erika Campos (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shelle Vanetten De Sanchez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Agnes Noonan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Vogel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jade Rivera (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josue Olivares (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Kocon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Spingler (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Delgado (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homewise.org

    Where can I find the form 990 for Homewise Inc?

    The Homewise Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.homewise.org

    Learn more at the official website: www.homewise.org

    Mission Statement of Homewise Inc

    Homewise Inc, a mission-driven organization, is dedicated to helping individuals and families create successful homeownership and strengthen their communities. This nonprofit seeks to enhance the long-term financial well-being and quality of life for its clients by offering a diverse range of services.

    Through financial counseling, Homewise Inc empowers its clients to make informed decisions about their money and homeownership goals. The team at Homewise goes beyond traditional financial advice, guiding their clients through various aspects of homeownership, from understanding the homebuying process to developing sustainable budgets.

    Homewise Inc also engages in property development, administering government programs, and providing affordable financing options. With low-interest fixed-rate mortgages, home improvement loans, and refinance loans, Homewise ensures that homeownership is an achievable and sustainable goal for its clients. Moreover, the organization offers mortgage loan servicing and real estate sales to help families navigate the complex world of homeownership from start to finish.

    By providing these vital services, Homewise Inc not only helps individuals and families achieve the dream of homeownership but also strengthens neighborhoods. Ultimately, Homewise's mission is to create thriving communities where residents have the tools and resources they need to improve their lives and build a secure financial future.

    Impact

    This information is meant to be a general summary of Homewise Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Homewise Inc has a significant impact on the community by helping individuals and families become successful homeowners and strengthening neighborhoods. Through their range of services including financial counseling, property development, mortgage services, and real estate sales, Homewise enables long-term financial well-being and improved quality of life for their clients. Their proactive approach to affordable housing solutions contributes to the stability and resilience of neighborhoods, fostering a sense of community and creating opportunities for sustainable growth.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $60,533
  • Program Service Revenue: $19,194,821
  • Gross Receipts: $25,400,817

    • Assets and Liabilities:
  • Total Assets: $228,547,267
  • Total Liabilities: $147,391,387
  • Net Assets: $81,155,880
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST AND SERVICING

    Revenue

    $6,905,274

    HOME SALES, NET

    Revenue

    $6,727,535

    ORIGINATION FEES

    Revenue

    $2,299,962

    COMMISSIONS

    Revenue

    $2,141,659

    MORTGAGE SERVICING RIGHTS

    Revenue

    $756,111

    Organization Details

    Founding Year

    1986

    Principal Officer

    Michael Loftin

    Main Address

    1301 SILER ROAD BUILDING D, SANTA FE, NM, 87507

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Homewise Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.