Floridians For Honest Lending

EIN: 872463774 501(c)(3)

Miami, FL

Total Revenue
$136,217
Total Expenses
$86,630
Total Assets
$49,587
Net Assets
$49,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
Laura Wagner
Phone
6307761760
Tax Period
2022-01-01 to 2022-12-31

Floridians For Honest Lending, founded in 2021, is a small nonprofit that reported $136K in total revenue in fiscal year 2022. The organization ran a surplus of $50K, a strong 36% operating margin.

Mission

At Floridians for Honest Lending we are committed to empowering homeowners and advocating for fair transparent lending practices in Florida. Our mission is to protect the financial well-being of Florida residents by championing a comprehensive Homeowners Bill of Rights opposing unjust interest rate hikes and demanding meaningful reform of lender-placed insurance policies. We stand firmly against predatory lending behaviors that threaten the security and stability of our communities and we work tirelessly to ensure that Floridians have access to honest equitable and responsible lending options.

Program Service Accomplishments

Program 1
Expenses: $21,800 Revenue: $0

A Homeowners Bill of Rights ensures that Florida residents have fundamental protections in their interactions with lenders. This initiative aims to provide clear guidelines and safeguards against...

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A Homeowners Bill of Rights ensures that Florida residents have fundamental protections in their interactions with lenders. This initiative aims to provide clear guidelines and safeguards against unfair practices making it easier for homeowners to understand their rights and seek fair treatment. This includes transparency on loan terms protections against sudden foreclosure and a pathway for resolving disputes.

Program 2
Expenses: $11,508 Revenue: $0

High interest rates can place undue financial strain on homeowners making monthly payments challenging and increasing the risk of default and foreclosure. By opposing state-level interest rate hikes...

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High interest rates can place undue financial strain on homeowners making monthly payments challenging and increasing the risk of default and foreclosure. By opposing state-level interest rate hikes Floridians for Honest Lending advocates for a more affordable lending environment where Florida homeowners are not disproportionately burdened by their mortgage costs.

Program 3
Expenses: $10,570 Revenue: $0

Lender-placed insurance also known as force-placed insurance is a policy that lenders can impose on a borrowers property if the homeowners own insurance lapses. However these policies often come with...

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Lender-placed insurance also known as force-placed insurance is a policy that lenders can impose on a borrowers property if the homeowners own insurance lapses. However these policies often come with higher premiums and limited coverage creating additional financial burdens for borrowers. By advocating for reform in lender-placed insurance we aim to establish fair pricing ensure adequate coverage and hold lenders accountable for transparently managing these policies. For the general public reforming lender-placed insurance means lower premiums fewer unexpected charges and fairer lending practices that prevent homeowners from being subjected to inflated or inadequate insurance. Ultimately it protects homeowners from unnecessary expenses and financial strain.

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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 (2022)

Revenue Breakdown

Contributions & Grants $136,217
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $136,217

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,200
Fundraising Expenses $0
Program Expenses $43,878
Other Expenses $82,430
TOTAL EXPENSES $86,630

Year-over-Year Comparison

2022 2021 Change
Revenue $136,217 N/A N/A
Expenses $86,630 N/A N/A
Net Income $49,587 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
4

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
3
$8,400
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joshua Sproat Director 1.00
Officer
$0 $0 $0
Kurt Wagner Director 2.00
Officer
$4,200 $4,200 $8,400
Matthew Tisdol Director 1.00
Officer
$0 $0 $0
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
2022 $136,217 $86,630 $49,587 $49,587
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