2019-11-13T13:06:03-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 436041558 990 2018-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 RICHARD HOLLIS CFO 2485535400 2019-11-12 1 WILLIAM M SCOTT P01537115 4192443711 2019-11-11 67.137.57.251 2019-11-12 10:32:43 ES P 357AE6C0FD0EA8FFB81A6260A488DEA7FDA04B84 4CEE3F166FC64316C964FDA06B2457A90F5D27AB 2018 2020-01-14 16:20:31Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 42793428 0 X WWW.GREENPATH.ORG X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 12 12 661 13 0 0 10032527 7328490 27992260 30430374 89815 365594 10800 21200 38125402 38145658 0 0 0 0 28264118 30734754 0 0 942239 10229658 10482029 38493776 41216783 -368374 -3071125 55347490 53018839 26568400 25655020 28779090 27363819 EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES BY PROVIDING FINANCIAL WELLNESS AND EDUCATIONAL SERVICES ACROSS THE USA, REACHING 205,000+ HOUSEHOLDS; PARTNERING WITH 500+ INSTITUTIONS AND 1,200+ COMMUNITY ORGANIZATIONS. 0 0 34739870 30430374 CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS:GREENPATH DELIVERS COMPREHENSIVE PROGRAMS AND EDUCATIONAL SERVICES TO MEET THE TAILORED NEEDS OF CONSUMERS TO LEAD FINANCIALLY HEALTHY LIVES, PREPARE FOR LIFE EVENTS, AND PLAN TO SUCCEED IN REACHING THEIR GOALS. THROUGH ONE-ON-ONE COUNSELING AND ADVOCACY SERVICES, GREENPATH PROVIDES A WIDE RANGE OF MONEY MANAGEMENT SERVICES INCLUDING DEBT MANAGEMENT PROGRAMS, BUDGETING, PAY CHECK PLANNING, STUDENT LOAN COUNSELING, HOME BUYER EDUCATION, MORTGAGE FORECLOSURE PREVENTION (MODIFICATIONS, SHORT SALE, GENERAL COUNSELING, AND REVERSE MORTGAGE), AND BANKRUPTCY EDUCATION. 2340846 HOUSING COUNSELING: IN ADDITION TO HOUSING EDUCATION MENTIONED ABOVE, GREENPATH HAS BEEN CERTIFIED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO PROVIDE PRE-PURCHASE HOME BUYER EDUCATION, MORTGAGE DELINQUENCY/LOSS MITIGATION AND REVERSE MORTGAGE (HECM) COUNSELING SINCE 1967. IN 2011, GREENPATH WAS DESIGNATED A HUD INTERMEDIARY IN RECOGNITION OF THE QUALITY OF OUR COUNSELING AND ITS ABILITY TO DELIVER COUNSELING TO CONSUMERS IN ALL 50 STATES. NOTE, REVENUE FROM THIS ACTIVITY IS FEDERAL FUNDED AND THEREFORE NOT REPORTED HERE HOWEVER INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS. 37080716 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 63 0 661 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 JANE SYDLOWSKI CHAIR 1.00 1.00 X X 0 0 0 JOHN FRITH VICE CHAIR 1.00 1.00 X X 0 0 0 MICHAEL POULOS TREASURER 1.00 1.00 X X 0 0 0 WILLIAM RICHARDS SECRETARY 1.00 1.00 X X 0 0 0 MARK DUHAIME DIRECTOR 1.00 1.00 X 0 0 0 BRUCE GOTTSCHALL DIRECTOR 1.00 1.00 X 0 0 0 SANJEEV HANDA DIRECTOR 1.00 1.00 X 0 0 0 CHRIS HERBERT DIRECTOR 1.00 1.00 X 0 0 0 CAREY PACHLA DIRECTOR 1.00 1.00 X 0 0 0 BRUCE PARADIS DIRECTOR 1.00 1.00 X 0 0 0 DEIERDRE WEIR DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY ZAMBELLI DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN HOLT PRESIDENT & CEO 36.00 4.00 X 407873 0 26181 RICHARD HOLLIS CFO 20.00 20.00 X 222220 0 26126 RICHARD BIALOBRZESKI VICE PRES OF STRATEGY 40.00 X 222748 0 22610 DONNA MCNEILL CHIEF OPERATING OFFICER 34.00 6.00 X 294897 0 25589 DANIELLE CRANE SAUER CHIEF TALENT OFFICER 40.00 X 203723 0 21222 DONNA DOLEMAN CHIEF MARKETING OFFICER 40.00 X 184907 0 13159 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 34.00 6.00 X 154155 0 6582 DAVID BERENBAUM TERMED 062018 CEO - HPF 0.00 40.00 X 263194 0 6860 GENE SPENCER CEO - HPF 0.00 40.00 X 75593 111624 15485 JULIE ANN STEINHAGEN TERMED 062018 SVP OF STAKEHOLDER ENGAGEM 20.00 20.00 X 166709 0 14474 MICHAEL SWANSON TERMED 112018 DIRECTOR OF ANALYTICS 10.00 30.00 X 213763 0 13112 MARK PETERSON TERMED 112018 CONTROLLER 40.00 X 165093 0 7764 2574875 111624 199164 26 0 1 0 CREATIVE DINING SERVICES 1 ROYAL PARK DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICES 149492 ADP PO BOX 842875 BOSTON MA 02284 PAYROLL SERVICES 133626 AARO COMPANIES 24643 HOOVER RD WARREN MI 48089 FACILITY SERVICES 115536 CLIFTONLARSONALLEN LLP PO BOX 775439 CHICAGO IL 60677 AUDIT 101326 4 2899379 4429111 7328490 CLIENT FEES AND OTHER PROGRAM REV 624100 30430374 30430374 30430374 357773 357773 21200 0 21200 21200 21200 4647996 7595 4645873 1897 2123 5698 7821 7821 38145658 30430374 0 386794 1831994 726581 907346 198067 23022448 21696846 831696 493906 909213 846431 40182 22600 3014834 2498671 472398 43765 1956265 1788801 115941 51523 21514 21514 105533 105533 121564 1295 120269 9500 9500 6961 6961 206360 137115 69245 615547 524960 2614 87973 2316485 2166680 139549 10256 1593857 1593857 662640 563670 81597 17373 363827 363827 2396227 2391864 4222 141 222195 72661 149534 EQUIPMENT 1109691 1011422 81634 16635 BANK CHARGES 458820 458820 REGULATORY FEES 191067 191600 -533 ACQUISTION COST 51087 51087 29154 29154 41216783 37080716 3193828 942239 1048487 62294 4761417 3837082 713288 958070 46698990 16880595 30304344 29818395 7087934 5823340 150000 678333 11282020 11841325 55347490 53018839 3012037 2762040 12822091 11918240 9191382 9189301 0 254599 1542890 1530840 26568400 25655020 X 28779090 27363819 28779090 27363819 55347490 53018839 X -3071125 -617528 2273382 X 0 1 X 1 1 1 X 16375329 10220762 8889255 10032527 7328490 52846363 23002759 27605920 27889763 27992260 30430374 136921076 39378088 37826682 36779018 38024787 37758864 189767439 0 5398263 5626476 4275522 15300261 5398263 5626476 4275522 15300261 174467178 215922 222097 212715 265959 378973 1295666 215922 222097 212715 265959 378973 1295666 10313 13233 23546 39604323 38062012 36991733 38290746 38137837 191086651 0.91300 0.93720 0.00680 0.00570 X 9500 9500 41216779 41226279 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 123400 60000 54000 9500 246900 250000 250000 250000 250000 1000000 1500000 0 1 X 3700000 3700000 23338921 4193023 19145898 6664272 5647380 1016892 12995797 7040192 5955605 29818395 CLIENT FUNDS HELD IN TRUST 9189301 INTERCOMPANY RECEIVABLE 203982 INTEREST RATE SWAP 105133 CAPITAL LEASE ASSET 1515559 WORK IN PROCESS 27350 HELD FOR SALE 800000 11841325 CAPITAL LEASE OBLIGATIONS 1530840 1530840 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 1 0 0 0 0 0 0 0 0 KRISTEN HOLT PRESIDENT & CEO 320294 0 78000 0 9579 0 14362 0 11819 0 434054 0 0 0 RICHARD HOLLIS CFO 178834 0 42000 0 1386 0 11362 0 14764 0 248346 0 0 0 RICHARD BIALOBRZESKI VICE PRES OF STRATEGY 175525 0 37800 0 9423 0 11361 0 11249 0 245358 0 0 0 DONNA MCNEILL CHIEF OPERATING OFFICER 241914 0 52500 0 483 0 13770 0 11819 0 320486 0 0 0 DANIELLE CRANE SAUER CHIEF TALENT OFFICER 164684 0 38850 0 189 0 10810 0 10412 0 224945 0 0 0 DONNA DOLEMAN CHIEF MARKETING OFFICER 169580 0 15000 0 327 0 674 0 12485 0 198066 0 0 0 SIREESHA MANDAVA CHIEF INFORMATION OFFICER 153937 0 0 0 218 0 0 0 6582 0 160737 0 0 0 DAVID BERENBAUM TERMED 062018 CEO - HPF 125000 0 0 0 138194 0 6860 0 0 0 270054 0 0 0 GENE SPENCER CEO - HPF 74567 109983 0 0 1026 1641 3638 5821 2064 3962 81295 121407 0 0 JULIE ANN STEINHAGEN TERMED 062018 SVP OF STAKEHOLDER ENGAGEM 92875 0 0 0 73834 0 5218 0 9256 0 181183 0 0 0 MICHAEL SWANSON TERMED 112018 DIRECTOR OF ANALYTICS 145592 0 1000 0 67171 0 8249 0 4863 0 226875 0 0 0 MARK PETERSON TERMED 112018 CONTROLLER 107649 0 8931 0 48513 0 7200 0 564 0 172857 0 0 0 PART I, LINE 4A DAVID BERENBAUM - $126,000 MICHAEL SWANSON - $49,914 JULIE ANN STEINHAGEN - $65,971 MARK PETERSON - $21,175 A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 A 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 5.000000000000 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 MAY 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 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 50,869. EXCESS OF ASSETS ACQUIRED OVER PURCHASE PRICE 2,222,513. HOMEOWNERSHIP PRESERVATION FOUNDATION 7645 LYNDALE AVENUE SOUTH SUITE 250 MINNEAPOLIS MN 55423 522403507 HOUSING MN 501(C)(3) LINE 7 GREENPATH INC 1 RURAL DYNAMICS INC 2022 CENTRAL AVENUE GREAT FALLS MT 59401 810303443 DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION MT 501(C)(3) LINE 7 GREENPATH INC 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 HOMEOWNERSHIP PRESERVATION FOUNDATION O 3005495 CASH PAID HOMEOWNERSHIP PRESERVATION FOUNDATION D 137388 OUTSTANDING BALANCE RURAL DYNAMICS INC O 258780 CASH PAID RURAL DYNAMICS INC D 66594 OUTSTANDING BALANCE