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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
22 people listed on the 990; $1.6M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$199,086Pt VII · Sec A
Operations Manager
$179,422Pt VII · Sec A
Chief Communications Officer
$175,999Pt VII · Sec A
Senior Dir., Real Estate Dev.
$156,743Pt VII · Sec A
Policy & Community Engagement
$137,731Pt VII · Sec A
Senior Director, Community Dev.
$136,527Pt VII · Sec A
Chief Financial Officer
$126,080Pt VII · Sec A
Sales Dir., Qualifying Broker
$121,072Pt VII · Sec A
Managing Broker
$112,132Pt VII · Sec A
Construction Manager
$108,044Pt VII · Sec A
IT Manager
$105,328Pt VII · Sec A
Chief Lending Officer
$74,322Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (through Jan. 2021)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Michael Loftin | $274,079 | $274,494 | $293,809 | $199,086 |
| Laura Altomare | — | — | $213,507 | $175,999 |
| Daniel Slavin | $211,820 | $163,634 | — | $156,743 |
| Elena Gonzales | $209,782 | $168,501 | $164,328 | — |
| Johanna Gilligan | $201,985 | $161,110 | $147,369 | $136,527 |
| Deloris Page | — | $198,501 | — | — |
| Clarence Simmons | — | — | $194,834 | — |
| Rathi Casey | $180,776 | $170,302 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Homewise INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Helps people become successful homeowners to improve their lives and neighborhoods.
Questions for Homewise INC
Your first name shows with your question. Homewise INC answers here, for everyone.
1 program · $16.7M · in their own filed words · FY2020
01
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.
$16.7Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2024
Neighborhood Reinvestment CorporationFY2024$520K
Excellent Schools New MexicoFY2024$150K
The Housing Partnership Fund INCFY2024$100K
Albuquerque Community FoundationFY2024$40K
National Fair Housing AllianceFY2024$35K
UnidosusFY2024$12K
Total grants receivedfrom 7 funders$25.9M
Grants paid · 1 grant · $418K · 2020–2020
Unitemized GrantFY2020$417,743
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Mar 2026 · $5.4M federal money spent
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$2.3M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Pass Through from the City of Albuquerque$1.3M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Pass Through from the City of Albuquerque and 1 more$1.1M
Other Federal Appropriations Through Neighborworks AmericaDepartment of the Treasury · ALN 21.U01 · Direct$520K
Economic Development Initiative, Community Project Funding, and Miscellaneous GrantsDepartment of Housing and Urban Development · ALN 14.251 · Direct$150K
The auditor reported no findings.
Year ending Mar 2025 · $5.0M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Albuquerque and 1 more$1.4M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Albuquerque and 1 more$1.2M
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$1.2M
Economic Development Initiative, Community Project Funding, and Miscellaneous GrantsDepartment of Housing and Urban Development · ALN 14.251 · Direct$600K
Other Federal Appropriations Through Neighborworks AmericaDepartment of the Treasury · ALN 21.U01 · Direct$586K
The auditor reported no findings.
Year ending Mar 2024 · $6.4M federal money spent
Community Development Financial Institutions Fund Equitable Recovery Program (cdfi Erp)Department of the Treasury · ALN 21.033 · Direct$2.5M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Albuquerque and 1 more$1.8M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Albuquerque and 1 more$1.5M
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$524K
Other Federal Appropriations Through Neighborworks AmericaDepartment of the Treasury · ALN 21.U01 · Direct$78K
Plus 1 smaller program.
The auditor reported: a weakness in money controls.
Year ending Mar 2023 · $5.1M federal money spent
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$1.7M
Other Federal Appropriations Through Neighborworks AmericaDepartment of the Treasury · ALN 21.U01 · Direct$1.2M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Albuquerque and 1 more$812K
Community Development Financial Institutions ProgramDepartment of the Treasury · ALN 21.020 · Direct$660K
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through City of Rio Rancho$359K
Plus 3 smaller programs.
The auditor reported: a weakness in money controls.
By the numbers
The FY2021 990, line by line.
Download 990
1The main four
Money inPt VIII
$34.4M
Ln 12
Fees for servicesLn 2g$24.2M
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$11K
Money outPt IX
$21.1M
Ln 25
Programscol B$16.7M
Managementcol C$3.7M
Fundraisingcol D$669K
Owns and owesPt X
$70.7M
net assets · Ln 32
Cash and savingsLn 1–2$22.7M
Total assetsLn 16$177.3M
LiabilitiesLn 26$106.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A12
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Government grantsLn 1e$6.4M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$24.2M
Investment incomeLn 3$11K
Gains on assetsLn 7$6K
Total revenueLn 12$34.4M
Assets in detailPt X, end of year
CashLn 1$10.9M
SavingsLn 2$11.8M
Cash and savings togetherLn 1–2$22.7M
Pledges and grants receivableLn 3$1.1M
Accounts receivableLn 4$9.4M
Loans to officers and key peopleLn 5$578K
Notes and loans receivableLn 7$101.3M
Inventories for sale or useLn 8$21K
Prepaid expenses and deferred chargesLn 9$443K
Land, buildings, equipmentLn 10c$10.9M
Other assetsLn 15$30.9M
Total assetsLn 16$177.3M
LiabilitiesLn 26$106.6M
Net assetsLn 32$70.7M
OperationsPt I, VI
EmployeesI 5143
VolunteersI 69
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.3M | $22.7M |
| Land, buildings, equipmentLn 10c | $9.8M | $10.9M |
| Total assetsLn 16 | $153.0M | $177.3M |
| LiabilitiesLn 26 | $95.5M | $106.6M |
| Net assetsLn 32 | $57.4M | $70.7M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $418K | $418K | ||
| Pay of current officers, directors and key staffLn 5 | $1.4M | $774K | $503K | $135K |
| Other salaries and wagesLn 7 | $6.9M | $5.4M | $1.3M | $261K |
| Pension plan contributionsLn 8 | $376K | $293K | $69K | $14K |
| Other employee benefitsLn 9 | $732K | $571K | $134K | $28K |
| Payroll taxesLn 10 | $576K | $449K | $105K | $22K |
| Management feesLn 11a | $480K | $70K | $409K | |
| Legal feesLn 11b | $131K | $120K | $11K | |
| Accounting feesLn 11c | $55K | $55K | ||
| Professional fundraising feesLn 11e | $27K | $27K | ||
| Advertising and promotionLn 12 | $358K | $269K | $90K | |
| Office expensesLn 13 | $362K | $109K | $199K | $54K |
| Information technologyLn 14 | $172K | $172K | ||
| OccupancyLn 16 | $353K | $102K | $222K | $29K |
| TravelLn 17 | $879 | $879 | ||
| Conferences, conventions and meetingsLn 19 | $39K | $17K | $22K | |
| InterestLn 20 | $2.4M | $2.4M | ||
| Depreciation, depletion and amortizationLn 22 | $1.5M | $1.2M | $268K | |
| InsuranceLn 23 | $314K | $77K | $237K | |
| Other expenses (24a–d)Ln 24 | $4.5M | $4.5M | $2K | $10K |
| All other expensesLn 24e | $910 | $910 | ||
| Total functional expensesLn 25 | $21.1M | $16.7M | $3.7M | $669K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 10, 2026 | $54.4M | $26.1M | $28.3M | $115.9M | 990 PDF |
| FY2024Filed with the IRS Feb 13, 2025 | $30.5M | $24.0M | $6.4M | $87.6M | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2023 | $25.2M | $21.7M | $3.4M | $81.2M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 ViewingFiled with the IRS Jun 28, 2021 | $34.4M | $21.1M | $13.3M | $70.7M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
M · Noncash
J · Pay
O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $34,354,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,983,505$10,100,965
I-9 Program service revenuePrior year $14,211,383$24,242,356
I-10 Investment incomePrior year −$48,405$10,682
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,146,483$34,354,003
I-13 Grants and similar amounts paidPrior year $0$417,743
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,773,921$10,027,387
I-16a Professional fundraising feesPrior year $0$27,008
I-17 Other expensesPrior year $8,166,288$10,583,863
I-18 Total expensesPrior year $15,940,209$21,056,001
I-19 Revenue less expensesPrior year $4,206,274$13,298,002
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $34,354,003 across 8 lines filed
Lines not itemized here account for $2,179,045 of total revenue; see the IRS return.
VIII-1e Government grants$6,448,397
VIII-1f All other contributions, gifts and grants$3,652,568
VIII-1g Noncash contributions (included above)$1,075,600
VIII-1h Total contributions, gifts and grants$10,100,965
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,063,311$22,063,311
VIII-3 Investment incomeExcluded from tax $4,934$4,934
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,748$5,748
VIII-12 Total revenueRelated to mission $24,242,356 · Unrelated business $0 · Excluded from tax $10,682$34,354,003
Part IX · Statement of functional expenses $21,056,001 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $417,743$417,743
IX-5 Pay of current officers, directors and key staffPrograms $774,109 · Management $503,384 · Fundraising $134,565$1,412,058
IX-7 Other salaries and wagesPrograms $5,402,565 · Management $1,267,343 · Fundraising $260,880$6,930,788
IX-8 Pension plan contributionsPrograms $293,430 · Management $68,802 · Fundraising $14,160$376,392
IX-9 Other employee benefitsPrograms $570,618 · Management $133,796 · Fundraising $27,536$731,950
IX-10 Payroll taxesPrograms $449,196 · Management $105,326 · Fundraising $21,677$576,199
IX-11a Management feesPrograms $70,430 · Management $409,284$479,714
IX-11b Legal feesPrograms $119,998 · Management $11,304$131,302
IX-11c Accounting feesManagement $55,167$55,167
IX-11e Professional fundraising feesFundraising $27,008$27,008
IX-12 Advertising and promotionPrograms $268,706 · Fundraising $89,569$358,275
IX-13 Office expensesPrograms $108,683 · Management $199,252 · Fundraising $54,342$362,277
IX-14 Information technologyManagement $172,196$172,196
IX-16 OccupancyPrograms $102,075 · Management $221,634 · Fundraising $29,057$352,766
IX-17 TravelManagement $879$879
IX-19 Conferences, conventions and meetingsPrograms $17,282 · Management $21,750$39,032
IX-20 InterestPrograms $2,354,817$2,354,817
IX-22 Depreciation, depletion and amortizationPrograms $1,208,740 · Management $268,294$1,477,034
IX-23 InsurancePrograms $76,730 · Management $237,417$314,147
IX-24 Other expenses (24a–d)Programs $4,473,190 · Management $2,140 · Fundraising $10,017$4,485,347
IX-24e All other expensesManagement $910$910
IX-25 Total functional expensesPrograms $16,708,312 · Management $3,678,878 · Fundraising $668,811$21,056,001
Part X · Balance sheet $177,334,515 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $5,656,467$10,884,281
X-2 Savings and temporary cash investmentsStart of year $9,655,394$11,779,284
X-3 Pledges and grants receivableStart of year $97,473$1,079,084
X-4 Accounts receivableStart of year $2,326,782$9,372,836
X-5 Loans to officers and key people$578,208
X-7 Notes and loans receivableStart of year $93,885,562$101,303,603
X-8 Inventories for sale or useStart of year $20,923$21,263
X-9 Prepaid expenses and deferred chargesStart of year $370,251$443,181
X-10c Land, buildings and equipment, netStart of year $9,843,284$10,948,580
X-15 Other assetsStart of year $31,132,703$30,924,195
X-16 Total assetsStart of year $152,988,839$177,334,515
X-17 Accounts payable and accrued expensesStart of year $3,150,420$5,517,262
X-19 Deferred revenueStart of year $230,188$2,675,519
X-21 Escrow or custodial accountsStart of year $3,306,084$3,759,549
X-23 Secured mortgages and notes payableStart of year $72,300,945$77,242,233
X-24 Unsecured notes and loans payableStart of year $10,181,375$9,740,000
X-25 Other liabilitiesStart of year $6,373,093$7,655,216
X-26 Total liabilitiesStart of year $95,542,105$106,589,779
X-27 Net assets without donor restrictionsStart of year $54,079,971$68,160,562
X-28 Net assets with donor restrictionsStart of year $3,366,763$2,584,174
X-32 Total net assets or fund balancesStart of year $57,446,734$70,744,736
X-33 Total liabilities and net assetsStart of year $152,988,839$177,334,515
Part XI · Reconciliation of net assets $70,744,736 net assets at year end
XI-1 Total revenue$34,354,003
XI-2 Total expenses$21,056,001
XI-3 Revenue less expenses$13,298,002
XI-4 Net assets at start of year$57,446,734
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$70,744,736
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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