Civic Intelligence

Wider Path Home Foundation

990 • Fiscal year 2022 • EIN 86-3155095

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

25 Enterprise CenterMiddletown, RI 02842

(401) 846-3100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

45th percentile

$37,913

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$1,421,998

No earlier filing loaded for comparison.

Net Assets

$1,421,998

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$2,037,100

No earlier filing loaded for comparison.

Expenses

$637,375

No earlier filing loaded for comparison.

Net Income

$1,399,725

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2022: $1,421,998Liabilities 2022: $0Net Assets 2022: $1,421,9982022Assets 2023: $165,351Liabilities 2023: $0Net Assets 2023: $165,3512023Assets 2024: $221,830Liabilities 2024: $0Net Assets 2024: $221,8302024

Highlighted filing

2022

Assets$1,421,998
Liabilities$0
Net Assets$1,421,998

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2022: $2,037,100Expenses 2022: $637,375Net Income 2022: $1,399,7252022Revenue 2023: $507,000Expenses 2023: $1,763,647Net Income 2023: -$1,256,6472023Revenue 2024: $313,582Expenses 2024: $257,103Net Income 2024: $56,4792024

Highlighted filing

2022

Revenue$2,037,100
Expenses$637,375
Net Income$1,399,725
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,037,100
Mission and Program Overview

Mission

Our mission is to support sustainable affordable housing through housing education, community development, and down payment assistance. We want to provide an experience built on grace, mercy, reconciliation, home, rest, and unconditional love.

1. The purpose of the corporation is to support members of minority and other understanding populations that seek to own homes in economically disadvantage areas by providing homes ownership related financial education and down payment assistance, and to engage in any lawful act of activity for which corporation may be organized under the general corporation law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,273$1,420,898▲ $1,398,625
Accounts Receivable$0$1,100▲ $1,100
Total Assets$22,273$1,421,998▲ $1,399,725
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,273$1,421,998▲ $1,399,725
Total Net Assets Fund Balance$22,273$1,421,998▲ $1,399,725
Total Liabilities and Net Assets / Fund Balance$22,273$1,421,998▲ $1,399,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah HobsonDirector of Educational ContentPT$37,913$37,913

Board Members and Trustees

NameTitle
Brian GilpinPresident
Parkes DibbleDirector of Community Development
Meghan HandyDirector of Marketing
Dennis HardimanCEO
Deanna RoySecretary
Audley LewisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,037,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,037,100
Change in Net Assets
$1,399,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$564,958
Other Expenses$72,417
Total Fundraising Expense$128
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$544,958--$544,958
Fees for Services Other-$57,898-$57,898
Grants to Domestic Orgs$20,000--$20,000
Advertising-$2,659-$2,659
Insurance-$1,662-$1,662
Travel-$1,430-$1,430
Other Expenses$40$23$128$151
Information Technology-$128-$128
Total Functional Expenses$564,998$72,249$128$637,375
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bethany GilpinSpouse of Board President Brian GilpinReceived Compensation From OrganizationNo$13,585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Dennis hardiman and meghan handy have a family relationship. Dennis hardiman, brian gilpin, audley lewis, deanna roy, and meghan handy have a business relationship.

Form 990, Part VI, Section B, Line 11B

The board reviews form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers must annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy; b. Has read and understands the policy; c. Has agreed to comply with the policy; and d. Understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the governing board or committee meeting while the remaining board or committee members decide if a conflict of interest exists. If a conflict exists, the interested person must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. If appropriate, a disinterested person or committee is appointed to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determines whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wider Path Home Foundation Inc
EIN
86-3155095
Phone
4018463100
Address
25 ENTERPRISE CENTER, MIDDLETOWN, RI 02842

Signing Officer

Name
Brian Gilpin
Title
President
Phone
4018463100
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Gilpin
Formed
2021
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
13

Preparer

Firm
Marcum Llp
Address
555 LONG WHARF DRIVE, NEW HAVEN, CT 06511
Preparer
Mary Antonetti
Phone
2037819600
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0WIDER PATH HOME GRANTS ARE PROVIDED TO ELIGIBLE HOUSEHOLDS TO BE USED TOWARDS DOWN PAYMENT AND/OR CLOSING COSTS FOR THE PURCHASE OF A PRIMARY RESIDENCE HOME.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ONCE THE GRANT RECIPIENT IS DETERMINED TO BE A CANDIDATE THAT MEETS THE APPLICATION GUIDELINES, THE WIDER PATH HOME FOUNDATION ("WPH") GRANT MANAGERS VALIDATE THE RECIPIENT IS ACTUALLY GOING TO CLOSE ON A HOME (PROOF FROM THE MORTGAGE COMPANY FINANCING THEIR PURCHASE) AND THEN FUNDS ARE WIRED TO THE TITLE COMPANY. FUNDS ARE HELD IN ESCROW UNTIL THE CLOSING HAPPENS (TYPICALLY NO MORE THAN A COUPLE OF DAYS). ONCE THE PURCHASE HAS TAKEN PLACE, WPH THEN VALIDATES THE CLOSING TOOK PLACE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF BOARD PRESIDENT BRIAN GILPIN
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RECEIVED COMPENSATION FROM ORGANIZATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DENNIS HARDIMAN AND MEGHAN HANDY HAVE A FAMILY RELATIONSHIP. DENNIS HARDIMAN, BRIAN GILPIN, AUDLEY LEWIS, DEANNA ROY, AND MEGHAN HANDY HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B. HAS READ AND UNDERSTANDS THE POLICY; C. HAS AGREED TO COMPLY WITH THE POLICY; AND D. UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE MUST LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF APPROPRIATE, A DISINTERESTED PERSON OR COMMITTEE IS APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/StatesWhereCopyOfReturnIsFldCd1CT
IRS990/StatesWhereCopyOfReturnIsFldCd2FL
IRS990/StatesWhereCopyOfReturnIsFldCd3MD
IRS990/StatesWhereCopyOfReturnIsFldCd4RI
IRS990/StatesWhereCopyOfReturnIsFldCd5VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022273
IRS990/TotalAssetsEOYAmt01421998
IRS990/TotalAssetsGrp/BOYAmt022273
IRS990/TotalAssetsGrp/EOYAmt01421998
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02037100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0128
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072249
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0564998
IRS990/TotalFunctionalExpensesGrp/TotalAmt0637375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01421998
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0564998
IRS990/TotalReportableCompFromOrgAmt037913
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02037100
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022273
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01421998
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01430
IRS990/TravelGrp/TotalAmt01430
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt025 ENTERPRISE CENTER
IRS990/USAddress/CityNm0MIDDLETOWN
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002842
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WIDERPATHHOME.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN GILPIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04018463100
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WIDER PATH HOME FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WIDE
ReturnHeader/Filer/EIN0863155095
ReturnHeader/Filer/PhoneNum04018463100
ReturnHeader/Filer/USAddress/AddressLine1Txt025 ENTERPRISE CENTER
ReturnHeader/Filer/USAddress/CityNm0MIDDLETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002842
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 LONG WHARF DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW HAVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006511
ReturnHeader/PreparerPersonGrp/PhoneNum02037819600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY ANTONETTI
ReturnHeader/ReturnTs02023-11-14T13:02:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GILPIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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