Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 247

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 247
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| NET LOSS                                                          |     |   |                                 -757 |     |   |                                 -111 |
| Equity (deficit) in undistributed income (loss) from subsidiaries |     |   |                               16,245 |     |   |                              -79,977 |
| NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST            |     |   |                               15,488 |     |   |                              -80,088 |
| Other comprehensive income (loss)                                 |     |   |                                  -11 |     |   |                                    9 |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST  |     | $ |                               15,477 |     | $ |                              -80,079 |

As disclosed in Note 1 - Organization and Description of Business, FOA is a holding company and has a controlling interest in FOA Equity. FOA did not have any cash as of December 31, 2024 or December 31, 2023. Therefore, Condensed Statements of Cash Flows have not been presented. Management determined which assets and liabilities were to be used by the operating subsidiaries, and these amounts have been appropriately excluded from the parent company Condensed Statements of Financial Condition of FOA presented above. Changes in these balances are

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| Finance of America Companies Inc.          
 Notes to Consolidated Financial Statements |

reflected as additional contributions and distributions from FOA Equity in the period in which they occur, and had no impact on any cash balances that may have otherwise been maintained at FOA.

Basis of Presentation

The parent company financial statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes thereto. The parent company follows the same accounting policies as disclosed in Note 2 - Summary of Significant Accounting Policies to the Company’s consolidated financial statements. For purposes of this condensed financial information, the Company’s consolidated subsidiaries are recorded based upon its proportionate share of the subsidiaries net assets (similar to presenting them on the equity method).

Since restricted net assets of FOA and its subsidiaries exceed 25% of the consolidated net assets of the Company and its subsidiaries, the accompanying condensed parent company financial statements have been prepared in accordance with Rule 12-04 Schedule 1 of Regulation S-X.

Dividends from Subsidiaries

There were nocash dividends paid to the parent from the Company’s consolidated subsidiaries during the years ended December 31, 2024 and