HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS INC

EIN: 871464065 501(c)(3) Human Services

OMAHA, NE

Total Revenue
$11,826,676
Total Expenses
$1,401,453
Total Assets
$43,195,603
Net Assets
$11,016,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NE
Principal Officer
CHRISTINE TJELMELAND
Phone
4024575657
Tax Period
2024-01-01 to 2024-12-31

HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS INC, founded in 2021, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2024. Revenue surged 652% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.4M, a strong 88% operating margin.

Mission

TO SUPPORT AND PROMOTE HOME OWNERSHIP BY PROVIDING AFFORDABLE MORTGAGE FINANCING TO LOW-INCOME FAMILIES, WITH A FOCUS IN THE GREATER OMAHA AND LINCOLN METRO, FREMONT NEBRASKA AND COUNCIL BLUFFS IOWA.

Program Service Accomplishments

Program 1
Expenses: $1,329,453 Revenue: $1,689,936

HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS, INC (HOAMS) UNDERWRITES ORIGINATES AND CLOSES MORTGAGES AT AN AFFORDABLE INTEREST RATE FOR LOW-INCOME FAMILIES. HOAMS SUCCESSFULLY CLOSED 85 MORTGAGES...

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HABITAT OMAHA AFFORDABLE MORTGAGE SOLUTIONS, INC (HOAMS) UNDERWRITES ORIGINATES AND CLOSES MORTGAGES AT AN AFFORDABLE INTEREST RATE FOR LOW-INCOME FAMILIES. HOAMS SUCCESSFULLY CLOSED 85 MORTGAGES DURING 2024, TOTALING $17.4MM. AVERAGE AMI FOR THESE MORTGAGEES WAS 64%. 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,136,740
Program Service Revenue $773,134
Investment Income $916,802
Other Revenue $0
TOTAL REVENUE $11,826,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $396,095
Fundraising Expenses $0
Program Expenses $1,329,453
Other Expenses $1,005,358
TOTAL EXPENSES $1,401,453

Year-over-Year Comparison

2024 2023 Change
Revenue $11,826,676 $1,573,385 +6.5%
Expenses $1,401,453 $1,173,324 +0.2%
Net Income $10,425,223 $400,061 +25.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$912,125
Total Directors
4
$912,125
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA BREWER CHIEF EXECUTIVE OFFICER 6.00
Officer Director
$0 $11,092 $290,979
CHRISTINE TJELMELAND CHIEF FINANCIAL OFFICER 8.00
Officer Director
$0 $23,083 $236,434
TRACIE MCPHERSON CHIEF COMMUNICATIONS OFFIC 1.00
Officer Director
$0 $47,225 $209,124
LACEY STUDNICKA CHIEF PROGRAM OFFICER 6.00
Officer Director
$0 $5,114 $175,588
JOHN HASKE CHIEF DEVELOPMENT OFFICER 1.00
Highest
$0 $32,555 $249,948
JANNEANE GEROT SR ORGANIZATIONAL PROJ MGR 5.00
Highest
$0 $3,807 $130,721
JOANNA WRIGHT SR MORTGAGE OPS MGR 40.00
Highest
$0 $21,062 $126,470
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $11,826,676 $1,401,453 $43,195,603 $10,425,223
2023 $1,573,385 $1,173,324 $24,590,968 $400,061
2022 $595,038 $595,038 $11,682,746 No data
2021 $410,791 $410,791 $5,032,359 No data
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