Habitat Omaha Affordable Mortgage Solutions Inc
- Assets
- $24.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- Data as of
- 12/2023
- EIN
- 87-1464065
Organization Overview
Habitat Omaha Affordable Mortgage Solutions Inc is located in Omaha, NE. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat Omaha Affordable Mortgage Solutions 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 12/2023, Habitat Omaha Affordable Mortgage Solutions Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 41.9% per year over the past 3 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
PROVIDE AFFORDABLE HOME MORTGAGE FINANCING TO LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS, INC (HOAMS) UNDERWRITES ORIGINATES AND CLOSES MORTGAGES AT AN AFFORDABLE INTEREST RATE FOR LOW-INCOME FAMILIES. HOAMS SUCCESSFULLY CLOSED 84 MORTGAGES DURING 2023, TOTALING $16.8MM. AVERAGE AMI FOR THESE MORTGAGEES WAS 60%. DURING 2023 HOAMS BECAME CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). DESIGNATION AS A CDFI AFFIRMS OUR COMMITMENT TO SERVING THE NEEDS OF LOW-INCOME INDIVIDUALS IN OUR COMMUNITY BY CREATING FINANCIAL SELF-SUFFICIENCY AND STABILITY THROUGH HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Brewer President/ceo | OfficerTrustee | 6 | $0 |
Christine Tjelmeland Chief Financial Officer | OfficerTrustee | 8 | $0 |
Lacey Studnicka Chief Programs Officer | OfficerTrustee | 6 | $0 |
Tracie Mcpherson Chief Communications Officer | OfficerTrustee | 1 | $0 |
John Haske Chief Development Officer | Officer | 1 | $0 |
Janneane Gerot Sr Organizational Proj Mgr | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,000 |
| Total Program Service Revenue | $646,565 |
| Investment income | $390,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,573,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,509 |
| Pension plan accruals and contributions | $8,780 |
| Other employee benefits | $25,320 |
| Payroll taxes | $26,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,618 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,663 |
| Advertising and promotion | $0 |
| Office expenses | $1,058 |
| Information technology | $66,150 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,508 |
| Interest | $271,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,173,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,298,731 |
| Pledges and grants receivable | $197,813 |
| Accounts receivable, net | $1,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,093,324 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,590,968 |
| Accounts payable and accrued expenses | $117,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,070,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,208,506 |
| Total liabilities | $24,395,907 |
| Net assets without donor restrictions | -$204,939 |
| Net assets with donor restrictions | $400,000 |
| 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 | $24,590,968 |