2023-07-24T08:48:06-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 43604 990 2022-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 RICHARD T HOLLIS CFO 2485535400 2023-07-20 1 RICHARD HOLLIS 999009999 1 DOUGLAS S SOSKO P01009253 4192443711 2023-07-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 42649951 0 X WWW.GREENPATH.ORG X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 10 10 507 12 0 0 16701352 10504621 30966334 31785534 1242575 -625246 -62526 725 48847735 41665634 0 0 0 0 28308362 29800310 0 0 1863301 11748187 13649011 40056549 43449321 8791186 -1783687 64402300 58285070 23174465 20259921 41227835 38025149 EMPOWER PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES 0 0 33986785 31786259 CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: 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 2022, WE PROVIDED THESE CREDIT AND DEBT COUNSELING SERVICES TO NEARLY 43,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 49,000 PEOPLE REPAY MORE THAN $185 MILLION IN DEBT. 3914846 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 2022, WE PROVIDED THESE HOUSING COUNSELING SERVICES TO MORE THAN 40,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS. 37901631 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 55 0 507 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 RICHARD HOLLIS CFO 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 KRISTEN HOLT PRESIDENT & CEO 36.00 4.00 X 504816 0 38113 DONNA MCNEILL CHIEF OPERATING OFFICER 34.00 6.00 X 352175 0 45727 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 34.00 6.00 X 321561 0 35134 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 25.00 15.00 X 274276 0 39530 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 255133 0 38404 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 40.00 X 240279 0 43171 DAVID FLORES DIRECTOR OF CLIENT SERVICES & PROGRAM PERFORMANCE 40.00 X 216768 0 36484 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO 20.00 20.00 X 183316 0 52465 EDWARD C ENNEY SR. BUSINESS APPLICATION MANAGER 40.00 X 159074 0 40836 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT 20.00 20.00 X 158344 0 46886 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 40.00 X 156163 0 46886 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 FIRTH 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 MICHAEL POULOS DIRECTOR (LEFT 11/2022) 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 2821905 0 463636 33 0 1 0 ASPIRE SYSTEMS CONSULTING INC 1200 HARGER ROAD SUITE 722 OAK BROOK IL 60523 IT SERVICES 1130294 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 LEGAL/TAX SERVICES 563693 CGS ADVISORS LLC 850 SHADY HOLLOW CIR BLOOMFIELD HILLS MI 48304 ADVISORY SERVICES 309000 LEAP AGENCY LLC 2500 TECHNOLOGY DRIVE LOUISVILLE KY 40299 MARKETING SERVICES 217600 GLOBANT LLC 875 HOWARD ST 3RD FL-OFFICE 320 SAN FRANCISCO CA 94103 IT SERVICES 196074 11 30243 5612097 4862281 10504621 CLIENT FEES AND OTHER PROGRAM REV 624100 31785534 31785534 31785534 225426 225426 133645 983687 630 -850042 -630 -850672 -850672 MISCELLANEOUS INCOME 900099 725 725 725 41665634 31786259 0 -625246 2188319 754597 1140185 293537 22018657 20283482 883504 851671 1061122 991283 33107 36732 2645589 2431504 149553 64532 1886623 1683002 126132 77489 122409 122409 185044 185044 12000 12000 22234 22234 824669 605810 218859 1340434 861326 1188 477920 2356909 2214588 121557 20764 782399 782399 169638 110291 45690 13657 113311 113311 2964577 2896898 43706 23973 535790 4614 531176 EQUIPMENT 2341532 2290461 48045 3026 BANK CHARGES 414381 414381 REGULATORY FEES 146706 146706 GRANT EXPENSES 130988 130988 1185990 1185990 43449321 37901631 3684389 1863301 2995529 1237341 4567424 5357818 1299867 1147770 54100576 25319767 28210678 28780809 18019718 13387080 37165 9271919 8374252 64402300 58285070 3422332 4015886 1264899 138316 9205964 8166240 8960677 7700921 320593 238558 23174465 20259921 X 38871085 36251174 2356750 1773975 41227835 38025149 64402300 58285070 X -1783687 -2000842 581843 X 0 1 X 1 1 1 X 7328490 6985266 9913012 16701352 10504621 51432741 30430374 33111549 34580345 30966334 31785534 160874136 37758864 40096815 44493357 47667686 42290155 212306877 0 4275522 3253928 4902206 11012878 6037099 29481633 4275522 3253928 4902206 11012878 6037099 29481633 182825244 378973 254232 396454 281034 225426 1536119 378973 254232 396454 281034 225426 1536119 1322 -62526 725 -60479 38137837 40351047 44891133 47886194 42516306 213782517 0.85520 0.85400 0.00720 0.00750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12000 12000 43437321 43449321 1000000 250000 0 0 1000000 1000000 1500000 12000 12000 250000 250000 375000 0 1 X 3700000 3700000 23701190 6575690 17125500 9316649 8791961 524688 17382737 9952116 7430621 28780809 CLIENT FUNDS HELD IN TRUST 7700921 INTEREST RATE SWAP 412306 OPERATING RIGHT OF USE ASSET 261025 8374252 OPERATING LEASE LIABILITY OBLIGATIONS 238558 238558 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 382250 0 112500 0 10066 0 15250 0 22863 0 542929 0 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 272183 0 68000 0 11992 0 15250 0 30477 0 397902 0 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 258984 0 62250 0 327 0 15250 0 19884 0 356695 0 0 0 RICHARD T HOLLIS CHIEF FINANCIAL OFFICER 221786 0 49823 0 2667 0 13829 0 25701 0 313806 0 0 0 RICHARD BIALOBRZESKI CHIEF BUSINESS DEVELOPMENT OFFICER 198875 0 46800 0 9458 0 13159 0 25245 0 293537 0 0 0 SUSAN ELIZABETH DUNCAN-MURPHY CHIEF PEOPLE OFFICER 191527 0 48250 0 502 0 12531 0 30640 0 283450 0 0 0 DAVID FLORES DIRECTOR OF CLIENT SERVICES & PROGRA 177406 0 39145 0 217 0 11239 0 25245 0 253252 0 0 0 JENNIFER FRASER DIRECTOR OF STAKEHOLDER ENGAGEMENT & 166191 0 16642 0 483 0 9503 0 42962 0 235781 0 0 0 EDWARD C ENNEY SR. BUSINESS APPLICATION MANAGER 150531 0 7640 0 903 0 6781 0 34055 0 199910 0 0 0 MAUREEN ANN ANDERSON DIRECTOR OF COMPLIANCE AND NETWORK O 144672 0 13171 0 501 0 8202 0 38684 0 205230 0 0 0 LEO G HOPPER DIRECTOR OF INFORMATION SECURITY 142781 0 12444 0 938 0 8202 0 38684 0 203049 0 0 0 A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 A 902884 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 E-MAILS A DRAFT COPY TO ALL BOARD OF DIRECTOR MEMBERS, AND FEEDBACK IS SOUGHT FROM THE BOARD OF DIRECTOR MEMBERS 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 AT WWW.GUIDESTAR.ORG OR 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 555,258. DISCOUNT ON TREASURY NOTE 26,585. 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 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 HOMEOWNERSHIP PRESERVATION FOUNDATION O 1874835 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION D 109275 OUTSTANDING BALANCE RURAL DYNAMICS INC O 390327 CASH PAID RURAL DYNAMICS INC D 28766 OUTSTANDING BALANCE CLARIFI O 850068 CASH PAID CLARIFI D 58288 OUTSTANDING BALANCE