2024-09-06T15:03:03-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2023-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 MICHAEL SHINKONIS CFO CFO 2485535400 2024-09-06 1 1 DOUGLAS S SOSKO P01009253 4197942000 2024-08-27 2023 2024-08-08 14:25:15Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 62186875 0 X WWW.GREENPATH.ORG X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 10 10 527 10 0 0 10504621 16991900 31785534 36231059 -625246 405505 725 36107 41665634 53664571 0 0 0 0 29800310 31700484 0 0 1602022 13649011 14332746 43449321 46033230 -1783687 7631341 58285070 68941571 20259921 21454999 38025149 47486572 EMPOWER PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES 0 0 37391986 0 36231059 GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, PRE-FILING BANKRUPTCY COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES TO PEOPLE IN ALL 50 STATES. IN 2023, WE PROVIDED THESE CREDIT AND DEBT COUNSELING SERVICES TO ABOUT 61,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 54,000 PEOPLE REPAY MORE THAN $177 MILLION IN DEBT. 3096051 0 0 HOUSING COUNSELING: AS A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) INTERMEDIARY AND HOUSING COUNSELING AGENCY, GREENPATH PROVIDES MORTGAGE/RENT DELINQUENCY COUNSELING, PRE-PURCHASE HOME BUYER COUNSELING AND EDUCATION, AND REVERSE MORTGAGE (HECM) COUNSELING TO PEOPLE IN ALL 50 STATES. IN 2023, WE PROVIDED THESE HOUSING COUNSELING SERVICES TO MORE THAN 46,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS. 40488037 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 49 0 527 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK CA CO CT FL GA IL KS KY MA MD MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI TN UT VA WV X MICHAEL SHINKONIS CFO 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 CAREY PACHLA CHAIR 1.00 1.00 X X 0 0 0 MICHELLE GREENE VICE-CHAIR 1.00 1.00 X X 0 0 0 ANTHONY ZAMBELLI TREASURER 1.00 1.00 X X 0 0 0 WILLIAM RICHARDS SECRETARY 1.00 1.00 X X 0 0 0 JOHN FRITH DIRECTOR 1.00 1.00 X 0 0 0 BRUCE GOTTSCHALL DIRECTOR 1.00 1.00 X 0 0 0 JOE LAFEIR DIRECTOR 1.00 1.00 X 0 0 0 JOSHUA SLEDGE DIRECTOR 1.00 1.00 X 0 0 0 SHAWN STEWART DIRECTOR 1.00 1.00 X 0 0 0 JANE SYDLOWSKI DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN HOLT PRESIDENT & CEO 30.00 10.00 X 506998 0 29468 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 23.00 17.00 X 284124 0 28779 DONNA MCNEILL CHIEF OPERATING OFFICER 40.00 0.00 X 347820 0 32007 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 34.00 6.00 X 327886 0 26536 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 30.00 10.00 X 281526 0 28466 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 40.00 0.00 X 251616 0 29628 DAVID FLORES DIRECTOR OF CLIENT SERVICES & PROGRAM PERFORMANCE 36.00 4.00 X 229959 0 25933 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO 20.00 20.00 X 195332 0 33499 MICHAEL SHINKONIS DIRECTOR OF FINANCE AND ACCOUNTING 30.00 10.00 X 178452 0 23368 EDWARD ENNEY SENIOR BUSINESS APPLICATION MANAGER 40.00 0.00 X 170210 0 27288 MAUREEN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT 20.00 20.00 X 163620 0 29360 2937543 0 314332 37 0 1 0 ASPIRE SYSTEMS CONSULTING INC 1200 HARGER ROAD SUITE 722 OAK BROOK IL 60523 IT SERVICES 3522034 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 LEGAL/TAX SERVICES 563693 LEAP AGENCY LLC 2500 TECHNOLOGY DRIVE LOUISVILLE KY 40299 MARKETING SERVICES 269350 ADP LLC PO BOX 842875 BOSTON MA 022842875 PAYROLL SERVICES 201267 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 ACCOUNTING SERVICES 180740 8 10148 109500 13288183 3584069 16991900 CLIENT FEES AND OTHER PROGRAM REV 624100 36231059 36231059 36231059 260802 260802 8667007 8520274 2030 146733 -2030 144703 144703 MISCELLANEOUS INCOME 900099 36107 36107 36107 53664571 36231059 0 441612 2174855 734250 1130613 309992 23657207 22163693 893154 600360 1088967 1028960 29725 30282 2766787 2419785 293067 53935 2012668 1806697 144154 61817 115190 115190 198946 198946 26484 26484 623172 323350 299822 1243715 746486 757 496472 3242855 3169207 63251 10397 703666 703666 322551 182788 123612 16151 1682 1682 2486464 2431436 43216 11812 513206 513206 EQUIPMENT 2890141 2811363 67974 10804 GRANT EXPENSES 1181466 1181466 BANK CHARGES 563558 563558 REGULATORY FEES 198867 198867 20783 20783 46033230 40488037 3943171 1602022 1237341 3210823 5357818 5531134 1147770 1319591 59483452 27791751 28780809 31691701 13387080 17253118 8374252 9935204 58285070 68941571 4015886 3781697 138316 223023 8166240 7248673 7700921 9247946 579271 238558 374389 20259921 21454999 X 36251174 47049822 1773975 436750 38025149 47486572 58285070 68941571 X 7631341 1829759 323 X 0 1 X 1 1 1 X 6985266 9913012 16701352 10504621 16991900 61096151 33111549 34580345 30966334 31785534 36231059 166674821 40096815 44493357 47667686 42290155 53222959 227770972 0 3253928 4902206 11012878 6037099 11072430 36278541 3253928 4902206 11012878 6037099 11072430 36278541 191492431 254232 396454 281034 225426 260802 1417948 254232 396454 281034 225426 260802 1417948 1322 -62526 725 36107 -24372 40351047 44891133 47886194 42516306 53519868 229164548 0.83560 0.85520 0.00620 0.00720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1500000 12000 12000 250000 250000 375000 0 1 X 3700000 3700000 23776264 7194633 16581631 9347888 9030115 317773 22659300 11567003 11092297 31691701 CLIENT FUNDS HELD IN TRUST 9247946 INTEREST RATE SWAP 295199 OPERATING RIGHT OF USE ASSET 392059 9935204 CAPITAL LEASE OBLIGATIONS 374389 374389 X PART IV, LINE 2B: AS A CREDIT COUNSELING ORGANIZATION, GREENPATH COLLECTS AMOUNTS FROM DEBTORS TO REMIT TO THEIR CREDITORS AS PER THE PROGRAM GUIDELINES PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION DETERMINED IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS X X X X X X 0 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 397434 0 100000 0 9564 0 15500 0 13968 0 536466 0 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 283440 0 64260 0 120 0 15500 0 16507 0 379827 0 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 268850 0 58826 0 210 0 15500 0 11036 0 354422 0 0 0 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 232753 0 51246 0 125 0 14321 0 14458 0 312903 0 0 0 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 221306 0 51700 0 8520 0 14453 0 14013 0 309992 0 0 0 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 201121 0 50395 0 100 0 13121 0 16507 0 281244 0 0 0 DAVID FLORES DIRECTOR OF CLIENT SERVICES & PROGRA 200844 0 25883 0 3232 0 11920 0 14013 0 255892 0 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & 175315 0 16561 0 3456 0 10103 0 23396 0 228831 0 0 0 MICHAEL SHINKONIS DIRECTOR OF FINANCE AND ACCOUNTING 162220 0 16232 0 0 0 9355 0 14013 0 201820 0 0 0 EDWARD ENNEY SENIOR BUSINESS APPLICATION MANAGER 161675 0 7550 0 985 0 8745 0 18543 0 197498 0 0 0 MAUREEN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK O 150595 0 12875 0 150 0 8509 0 20851 0 192980 0 0 0 A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 A 923680 19000000 236806 18763194 2011 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 1 1 1 PNC BANK NA 6.000000000000 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT EMAILS A DRAFT COPY TO ALL BOARD OF DIRECTOR MEMBERS, AND FEEDBACK IS SOUGHT FROM THE BOARD OF DIRECTORS PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C GREENPATH REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THIS FORM ASKS FOR ANY MATERIAL INTERESTS OR AFFILIATION WHICH ARE, OR ARE LIKELY TO BECOME, CONFLICTS OF INTEREST. POTENTIAL CONFLICT CIRCUMSTANCES WHICH ARISE DURING THE COURSE OF THE YEAR ARE REQUIRED TO BE REPORTED TO THE BOARD OF DIRECTORS. BOARD MEMBERS MUST EXCUSE THEMSELVES FROM DISCUSSION ABOUT OR VOTING ON ANY TRANSACTIONS IN WHICH THEY MIGHT HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD RELIES ON AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT TO COLLECT COMPARABILITY DATA, ASSESS MARKET TRENDS AND MAKE RECOMMENDATIONS ON THE CEO'S COMPENSATION PACKAGE. THE SAMPLE OF COMPARABLE ORGANIZATIONS IS COMPOSED OF ORGANIZATIONS FROM WHICH GREENPATH MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT GREENPATH'S CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE GREENPATH HAS A SIGNIFICANT PRESENCE. SPECIFIC DEGREE OF COMPARABILITY IS BASED ON A) GROSS RECEIPTS AND B) TOTAL ASSETS. THE BOARD APPROVAL OF THE PRESIDENT/CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GREENPATH'S 990 IS AVAILABLE UPON REQUEST. THE ANNUAL REPORT, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -117,107. DISCOUNT ON TREASURY NOTE 117,430. HOMEOWNERSHIP PRESERVATION FOUNDATION 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 522403507 HOUSING MN 501(C)(3) LINE 10 GREENPATH INC 1 RURAL DYNAMICS INC 410 CENTRAL AVENUE 401 GREAT FALLS MT 59401 810303443 DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION MT 501(C)(3) LINE 7 GREENPATH INC 1 CCCS OF DELAWARE VALLEY 1635 MARKET STREET PHILADELPHIA PA 19103 231671903 HOUSING, FINANCIAL EDUCATION PA 501(C)(3) LINE 10 GREENPATH INC 1 GREENPATH INNOVATION DESIGN 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 923340798 PRODUCT DEVELOPMENT FOR UNDERSERVED POPULATIONS AND NONPROFIT ORGANIZATIONS MI 501(C)(3) LINE 10 GREENPATH INC 1 CCCS OF PUERTO RICO INC 1607 PONCE DE LEON AVE CORBIANS PLA SANTURCE PR 00909 660471799 FINANCIAL CONSULTING SERVICES PR 501(C)(3) LINE 10 GREENPATH INC 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 0 0 HOMEOWNERSHIP PRESERVATION FOUNDATION O 1362162 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION D 104622 OUTSTANDING BALANCE RURAL DYNAMICS INC O 220462 CASH PAID RURAL DYNAMICS INC D 13935 OUTSTANDING BALANCE CLARIFI O 617184 CASH PAID CLARIFI D 45052 OUTSTANDING BALANCE GREENPATH INNOVATION DESIGN O 650619 CASH PAID GREENPATH INNOVATION DESIGN D 57787 OUTSTANDING BALANCE