HOMEOWNERSHIP PRESERVATION FOUNDATION
36500 CORPORATE DRIVE, FARMINGTON HILLS, MI 48331 www.995hope.org

Total Revenue
$7,152,479
Total Expenses
$6,666,689
Net Assets
$6,195,923

Organizations Filed Purposes: PROVIDES EDUCATION AND COUNSELING TO FINANCIALLY DISTRESSED HOMEOWNERS TO PRESERVE AND PROMOTE HOMEOWNERSHIP.

TO PROMOTE, EDUCATE, AND COUNSEL THE FINANCIALLY DISTRESSED ON HOW TO SUSTAIN HOMEOWNERSHIP.

THROUGH THE HOMEOWNER'S HOPE HOTLINE, HPF PROVIDES COMPREHENSIVE HOMEOWNER EDUCATION AND CONFIDENTIAL FORECLOSURE PREVENTION COUNSELING AT NO COST TO HOMEOWNERS. THROUGH COMMITTED PARTNERSHIPS WITH THREE HUD-APPROVED NONPROFIT AGENCIES, CERTIFIED HOUSING COUNSELORS SERVE THE HOMEOWNER'S HOPE HOTLINE. THE HOTLINE IS AVAILABLE 24X7 AND OFFERS EXTENDED LIVE OPERATOR HOURS M-TH 8-10 PM EST, F 8-8 PM EST AND SAT 9-6 PM EST WITH CALLBACK SERVICE AVAILABLE OUTSIDE OF LIVE OPERATING HOURS. SINCE 2007, THE HOMEOWNER'S HOPE HOTLINE HAS RECEIVED MORE THAN NINE MILLION CALLS AND HAS COUNSELED OVER TWO MILLION HOMEOWNERS. THE HOTLINE RECEIVED APPROXIMATELY 114,000 CALLS IN 2019 ALONE. HPF CLIENTS RECEIVE ONE-ON-ONE COUNSELING AND EDUCATION FOCUSED ON THEIR UNIQUE FINANCIAL CIRCUMSTANCES AND THEIR HOUSING GOALS. CALLERS ARE BETTER EQUIPPED AND CONFIDENT TO MAKE SOUND FINANCIAL DECISIONS AFTER PARTICIPATING IN HOUSING COUNSELING.

THE HPF MODEL FOR POST MODIFICATION COACHING DELIVERS A SCALABLE/NATIONWIDE DELIVERY MECHANISM THAT HAS THE CAPABILITY TO PROVIDE A HOLISTIC APPROACH COVERING A HOMEOWNER'S ENTIRE FINANCIAL SITUATION THROUGH HIGH-TOUCH COACHING AND EDUCATION. HPF WORKS TO HELP HOMEOWNERS IMPROVE THEIR FINANCIAL CAPABILITIES, ENABLING THEM TO SUCCESSFULLY SUPPORT THEIR MORTGAGE AND OTHER OBLIGATIONS. THE COACING OCCURS OVER SEVERAL MONTHS AND IS COMPRISED OF TWO TO FOUR SESSIONS DEPENDING ON THE LOAN TYPE.

THE HPF PRE-PURCHASE PROGRAM PROVIDES AN INCENTIVE FOR LOW-MODERATE INCOME PURCHASE BORROWERS WHO COMPLETE HOUSING COUNSELING THROUGH A HUD-APPROVED COUNSELING PROVIDER UNDER THE HPF NETWORK. IT GIVES LENDERS A NATIONAL PLATFORM TO SYSTEMICALLY REFER BORROWERS TO PRE-PURCHASE COUNSELING AND STREAMLINE A STANDARD INCENTIVE PROGRAM AND PROCESS ACROSS VARIOUS MARKETS. HPF DETERMINES PROGRAM ELIGIBILITY WITH THE BORROWER AND CONDUCTS A HOMEBUYER READINESS ASSESSMENT THAT IS FOCUSED ON SETTING THEM UP FOR SUCCESSFULL HOMEOWNERSHIP. HPF ALSO OFFERS A MULTISTAGE/MULTI-TOUCH HOMEBUYER READINESS PROGRAM THAT INCLUDES AN AUTOMATED DOWN-PAYMENT SAVINGS PLATFORM.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Gene SpencerCEO (RETIRED 12/2019)40$190,517
Maureen Ann AndersonDIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT20$0
Jennifer FraserDIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO20$0
Roderick McginnissSVP - BUSINESS DEVELOPMENT40$0
Sireesha MandavaCHIEF INFORMATION OFFICER6$0
Donna McneillCHIEF OPERATING OFFICER6$0
Richard T HollisCHIEF FINANCIAL OFFICER5$0
Kristen HoltPRESIDENT4$0
Anthony ZambelliDIRECTOR1$0
Bruce ParadisDIRECTOR1$0
Carey PachlaDIRECTOR1$0
Chris HerbertDIRECTOR1$0
Sanjeev HandaDIRECTOR1$0
Bruce GottschallDIRECTOR1$0
Mark DuhaimeDIRECTOR1$0
William RichardsSECRETARY1$0
Michael PoulosTREASURER1$0
John FrithVICE CHAIR1$0
Jane SydlowskiCHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013119349302476_public.xml