Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 46

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 46
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 Other assets, net157,261 226,153 Assets of discontinued operations2,451 6,721 TOTAL ASSETS$29,156,490 $27,107,590 LIABILITIES AND EQUITYHMBS related obligations, at fair value$18,444,370 $17,353,720 Nonrecourse debt, at fair value 8,954,068 7,904,200 Other financing lines of credit918,247 928,479 Notes payable, net (includes amounts due to related parties of $162,283 and $136,414, respectively)374,511 410,911 Payables and other liabilities137,953 219,569 Liabilities of discontinued operations11,677 18,304 TOTAL LIABILITIES28,840,826 26,835,183 Commitments and Contingencies (Note 19)EQUITY (Note 30)Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 10,360,299 and 10,059,924 shares issued, respectively, and 9,934,449 and 9,634,074 shares outstanding, respectively1 1 Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 15 shares issued and outstanding, respectively— — Additional paid-in capital954,469 946,938 Accumulated deficit(698,895)(714,383)Accumulated other comprehensive loss(276)(249)Noncontrolling interest60,365 40,100 TOTAL EQUITY315,664 272,407 TOTAL LIABILITIES AND EQUITY$29,156,490 $27,107,590 

See accompanying Notes to Consolidated Financial Statements

98

Finance of America Companies Inc.Consolidated Statements of Financial Condition(in thousands)

The following table presents the assets and liabilities of the Company’s consolidated variable interest entities (“VIEs”), which are included in the Consolidated Statements of Financial Condition above, and excludes retained bonds and beneficial interests that eliminate in consolidation.

December 31, 2024December 31, 2023ASSETSRestricted cash$248,905 $168,010 Loans held for investment, subject to nonrecourse debt, at fair value8,904,303 7,881,566 Loans held for investment