Homewise Inc

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 03/2022, Homewise Inc employed 160 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 03/2022, Homewise Inc generated $27.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $20.8m during the year ending 03/2022. While expenses have increased by 12.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Salls Brothers Construction Inc
Construction
$2,417,874
Platinum Sky Construction Inc
Construction
$3,749,620
Little Bubba's Construction Llc
Construction
$4,248,162
Insight Construction Llc
Construction
$3,650,841
Lowe-bo Homes Llc
Construction
$4,587,849
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,928,763
All other contributions, gifts, grants, and similar amounts not included above$1,363,475
Noncash contributions included in lines 1a–1f $100,000
Total Revenue from Contributions, Gifts, Grants & Similar$7,292,238
Total Program Service Revenue$20,350,878
Investment income $7,992
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $79,821
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,730,929

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Homewise Inc has recieved totaling $2,141,000.

Awarding OrganizationAmount
Daniels Fund

Denver, CO

PURPOSE: NEW MEXICO CHARTER SCHOOL FACILITY FUND

$1,800,000
Opportunity Finance Network

Philadelphia, PA

PURPOSE: FINANCE JUSTICE FUND SUBGRANT

$150,000
Santa Fe Community Foundation

Santa Fe, NM

PURPOSE: GENERAL OPERATING SUPPORT

$53,500
Albuquerque Community Foundation

Albuquerque, NM

PURPOSE: DONOR-ADVISED

$50,000
National Association For Latino Community Asset Builders

San Antonio, TX

PURPOSE: Financial Capability

$25,000
Frost Foundation

Santa Fe, NM

PURPOSE: HOMEBUYER EDUCATION AND CLASSES

$25,000
View Grant Recipient Profile

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