2017-05-05T13:34:00-05:00 2016-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2016-01-01 386142925 GREENPATH INC GREE 2485535400 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 KRISTEN HOLT PRESIDENT & CEO 2485535400 2017-05-01 1 JOSEPH A ZITO CPA P00648440 2482443000 50.235.194.18 2017-05-01 13:58:33 ED P 309393000B644A3A949D2E3C9157793101C26D13 AF57E7E289A37F65EB71EC337C7A3A976AB63D7C 2016 2021-01-29 14:40:06Z KRISTEN HOLT 36500 CORPORATE DRIVE FARMINGTON HILLS MI 48331 38783764 0 X WWW.GREENPATH.COM X 1967 MI EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES. 7 7 558 0 0 0 10220762 8889255 27551002 27889763 -82207 97256 -76262 9043 37613295 36885317 0 0 0 0 26403901 26826851 0 0 1051247 10758346 9702754 37162247 36529605 451048 355712 50692107 51762525 23879031 24405128 26813076 27357397 EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES BY PROVIDING FINANCIAL WELLNESS AND EDUCATIONAL SERVICES ACROSS THE USA, REACHING 161,000+ HOUSEHOLDS; PARTNERING WITH 400+ INSTITUTIONS AND 700+ COMMUNITY ORGANIZATIONS. 0 0 27563107 27889763 CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: GREENPATH DELIVERS COMPREHENSIVE PROGRAMS AND EDUCATIONAL SERVICES TO MEET THE TAILORED NEEDS OF CONSUMERS TO LIVE 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. 4243493 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. 31806600 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 0 1 0 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 0 0 0 0 1 58 0 1 558 1 0 0 0 0 0 0 0 0 0 0 X 7 7 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 CAREY PACHLA TRUSTEE 1.00 X 0 0 0 WILLIAM RICHARDS SECRETARY 1.00 X X 0 0 0 JANE SYDLOWSKI CHAIR 1.00 X X 0 0 0 MICHAEL POULOS TREASURER 1.00 X X 0 0 0 DONNA VENTIMIGLIA TRUSTEE 1.00 X 0 0 0 JOHN FRITH VICE CHAIR 1.00 X X 0 0 0 ANTHONY ZAMBELLI TRUSTEE 1.00 X 0 0 0 DONNA MCNEILL COO 40.00 X 300872 0 20076 RICHARD BIALOBRZESKI EXECUTIVE VP OF STRATEGY 40.00 X 200312 0 14511 KRISTEN HOLT PRESIDENT AND CEO 40.00 X 252741 0 9709 REBECCA MORELLI ASST. SECRETARY 40.00 X 60628 0 17431 DANIELLE CRANE CHIEF ADMIN. OFFICER 40.00 X 195789 0 7675 ERIC LIPSITT FORMER GENERAL COUNSEL 40.00 X 226156 0 11696 RICHARD T HOLLIS CFO 40.00 X 167751 0 12360 RUSSELL HALSEY FORMER DIRECTOR OF OPERATIONS 40.00 X 215214 0 13725 SUDHAMOHAN SOMSAGAR SR. SYSTEMS PROGRAM ANALYST 40.00 X 125119 0 17415 MARK MUNZENBERGER SENIOR RELATIONSHIP MANAGER 40.00 X 153425 0 15360 MARK PETERSON CONTROLLER 40.00 X 119293 0 3598 DAVID FLORES DIRECTOR OF OPERATIONS 40.00 X 126864 0 13680 NICOLE MARIE BLADZIK DIRECTOR OF INFORMATION TECH. 40.00 X 120601 0 16962 JANE E MCNAMARA FORMER PRESIDENT & CEO 0.00 X 377163 0 0 2641928 0 174198 15 1 1 0 YPM INC 18400 VON KARMAN AVE SUITE 200 IRVINE CA 92612 MARKETING 480449 CREATIVE DINING SERVICES 1 ROYAL PARK DRIVE STE 3 ZEALAND MI 49464 FOOD SERVICES 164613 SOMMERS SCHWARTZ PC ONE TOWNE SQUARE 17TH FLOOR SOUTHFIELD MI 48076 LEGAL 135723 DOEREN MAYHEW & CO PC 305 WEST BIG BEAVER RD TROY MI 48084 ACCOUNTING 108529 ADP PO BOX 842875 BOSTON MA 02284 PAYROLL SERVICE 106409 5 4290888 4598367 8889255 CLIENT FEES AND OTHER PROGRAM REV 624100 27889763 27889763 27889763 203490 203490 9225 182 9043 9043 9043 1579915 212116 1706550 191715 -126635 20401 -106234 -106234 36885317 27889763 0 106299 1726646 549887 961936 214823 20633628 18700631 1360912 572085 154139 147266 3406 3467 2556047 2093667 417563 44817 1756391 1560659 138330 57402 86298 49623 36675 101094 101094 60000 60000 478639 292879 185760 640752 561627 5890 73235 2024312 1956675 56290 11347 1349714 1349714 703105 537173 138173 27759 238290 238290 1464010 1445241 18760 9 217673 62318 155355 EQUIPMENT 800919 782608 4516 13795 OCCUPANCY - DEPRECIATIO 690959 690959 NFCC DUES AND RELATED E 250501 250501 REGULATORY FEES 181455 181455 415033 295427 87098 32508 36529605 31806600 3671758 1051247 547792 2229568 3280490 2451832 611806 644058 44560324 14125566 31762242 30434758 7340437 7266907 249750 105083 6899590 8630319 50692107 51762525 2454721 2519287 14489481 13209275 6934829 8676566 23879031 24405128 X 26760576 27357397 52500 0 26813076 27357397 50692107 51762525 355712 188609 0 X X 0 1 X 1 1 1 X 20197155 19670204 16375329 10220762 8889255 75352705 22452209 21468638 23002759 27605920 27889763 122419289 42649364 41138842 39378088 37826682 36779018 197771994 0 0 0 197771994 224051 187716 215922 222097 212715 1062501 224051 187716 215922 222097 212715 1062501 58247 50433 10313 13233 132226 42931662 41376991 39604323 38062012 36991733 198966721 0.99400 0.99330 0.00530 0.00570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 36469605 36529605 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 165930 116005 123400 60000 465335 250000 250000 250000 250000 1000000 1500000 0 0 3700000 3700000 23494820 3014211 20480609 33236 6832 26404 6178855 5670102 508753 11153413 5434421 5718992 30434758 CLIENT FUNDS HELD IN TRUST 8630319 8630319 CLIENT DEPOSITS 8630319 INTEREST RATE SWAP AGREEMENT 46247 8676566 37073926 188609 188609 36885317 0 36885317 36529605 0 36529605 0 36529605 X X X X X X 1 0 0 0 0 0 0 0 0 DONNA MCNEILL COO 244095 0 56250 0 527 0 6263 0 13813 0 320948 0 0 0 RICHARD BIALOBRZESKI EXECUTIVE VP OF STRATEGY 171283 0 20000 0 9029 0 4607 0 9904 0 214823 0 0 0 KRISTEN HOLT PRESIDENT AND CEO 204547 0 42000 0 6194 0 0 0 9709 0 262450 0 0 0 DANIELLE CRANE CHIEF ADMIN. OFFICER 173700 0 21875 0 214 0 4381 0 3294 0 203464 0 0 0 ERIC LIPSITT FORMER GENERAL COUNSEL 109829 0 19375 0 96952 0 1221 0 10475 0 237852 0 0 0 RICHARD T HOLLIS CFO 166340 0 0 0 1411 0 990 0 11370 0 180111 0 0 0 RUSSELL HALSEY FORMER DIRECTOR OF OPERATIONS 123411 0 17000 0 74803 0 3729 0 9996 0 228939 0 0 0 MARK MUNZENBERGER SENIOR RELATIONSHIP MANAGER 137431 0 15507 0 487 0 3095 0 12265 0 168785 0 0 0 JANE E MCNAMARA FORMER PRESIDENT & CEO 0 0 132491 0 244672 0 0 0 0 0 377163 0 0 0 PART I, LINE 4A KURT MURPHY, FORMER CFO, SEVERANCE IS $17,308. ERIC LIPSITT, FORMER GENERAL COUNSEL, SEVERANCE IS $65,769. RUSSELL HALSEY, DIRECTOR OF OPERATIONS, SEVERANCE IS $42,500. A MICHIGAN STRATEGIC FUND 521417332 594698JQ6 2011-02-01 19000000 CONSTRUCTION OF NEW HEADQUARTERS 0 0 0 B MICHIGAN STRATEGIC FUND 521417332 2011-09-29 3000000 FURNITURE, FIXTURES, EQUIPMENT FOR NEW HEADQUARTERS 0 0 0 A 644130 19000000 236806 18763194 2011 0 0 1 1 B 549481 3000000 22500 2977500 2011 0 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 1 1 1 PNC BANK NA 10.000000000000 0 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT E-MAILS A DRAFT COPY TO ALL BOARD OF TRUSTEE MEMBERS, AND FEEDBACK IS SOUGHT FROM THE BOARD OF TRUSTEE 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 TRUSTEES. 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 A SIGNIFICANT PRESENCE. SPECIFIC DEGREE OF COMPARABILITY IS BASED ON A.) GROSS RECEIPTS, B.) TOTAL ASSETS. 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. PAGE 12, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.