Homewise Inc
- Assets
- $228.5m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 159
- Location
- Santa Fe, NM
- Founding
- 05/1987
- Data as of
- 03/2023
- EIN
- 85-0346325
Organization Overview
Homewise Inc is located in Santa Fe, NM. The organization was established in 1987. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Homewise Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homewise Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Homewise Inc generated $25.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $21.7m during the year ending 03/2023. While expenses have increased by 11.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HOMEWISE MISSION IS TO HELP CREATE SUCCESSFUL HOMEOWNERS AND STRENGTHEN NEIGHBORHOODS SO THAT INDIVIDUALS AND FAMILIES CAN IMPROVE THEIR LONG-TERM FINANCIAL WELL-BEING AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWISE PROVIDES FINANCIAL COUNSELING, PROPERTY DEVELOPMENT, GOVERNMENT PROGRAM ADMINISTRATION, LOW-INTEREST FIXED RATE MORTGAGES, HOME IMPROVEMENT LOANS, REFINANCE LOANS, MORTGAGE LOAN SERVICING, AND REAL ESTATE SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Ulibarri Chair | OfficerTrustee | 5 | $0 |
Anne Messbarger-Equia Vice-Chair | OfficerTrustee | 2.5 | $0 |
Joseph Kunkel Treasurer | OfficerTrustee | 2.5 | $0 |
Marissa Ruyle Secretary | OfficerTrustee | 2.5 | $0 |
Erika Campos Board Member | Trustee | 1.5 | $0 |
Shelle Vanetten DE Sanchez Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Little Bubba's Construction Llc Construction | 3/30/23 | $5,144,096 |
Tqm Llc Construction | 3/30/23 | $5,061,317 |
Sparling Construction Inc Construction | 3/30/23 | $3,374,375 |
Lowe-bo Homes Llc Construction | 3/30/23 | $1,772,668 |
Platinum Sky Construction Inc Construction | 3/30/23 | $1,662,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,300,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,922,605 |
| Total Program Service Revenue | $19,194,821 |
| Investment income | $59,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,177,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,738 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,833,649 |
| Compensation of current officers, directors, key employees. | $527,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,781,325 |
| Pension plan accruals and contributions | $454,378 |
| Other employee benefits | $837,297 |
| Payroll taxes | $735,978 |
| Fees for services: Management | $527,265 |
| Fees for services: Legal | $105,049 |
| Fees for services: Accounting | $95,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,665 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $451,337 |
| Office expenses | $257,249 |
| Information technology | $371,984 |
| Royalties | $0 |
| Occupancy | $255,764 |
| Travel | $81,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,057,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,155,501 |
| Insurance | $483,944 |
| All other expenses | $563,839 |
| Total functional expenses | $21,731,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,137,947 |
| Savings and temporary cash investments | $13,352,461 |
| Pledges and grants receivable | $1,345,386 |
| Accounts receivable, net | $2,558,477 |
| Loans from Officers, Directors, or Controlling Persons | $17,445 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $127,019,497 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $739,953 |
| Net Land, buildings, and equipment | $10,296,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,079,593 |
| Total assets | $228,547,267 |
| Accounts payable and accrued expenses | $4,525,484 |
| Grants payable | $0 |
| Deferred revenue | $5,244,911 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,586,222 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $96,798,376 |
| Unsecured mortgages and notes payable | $28,421,238 |
| Other liabilities | $7,815,156 |
| Total liabilities | $147,391,387 |
| Net assets without donor restrictions | $78,096,993 |
| Net assets with donor restrictions | $3,058,887 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $228,547,267 |