Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 257

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 257
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 exceptions) exceed the fair value of its assets. Subsidiaries of FOA Equity are generally subject to similar legal limitations on their ability to make distributions to FOA Equity.

144

Finance of America Companies Inc.Notes to Consolidated Financial Statements

The maximum allowable distributions available to the Company are based on the most restrictive financial covenant ratios and are presented in the tables below (in thousands, except for ratios):Financial Covenants RequirementDecember 31, 2024Maximum Allowable DistributionFARAdjusted Tangible Net Worth$250,000 $501,883 $251,883 Liquidity 40,129 45,512 5,383 Leverage Ratio 6:12.7:1276,823 FAHAdjusted Tangible Net Worth$200,000 $502,744 $302,744 Liquidity40,000 47,794 7,794 Leverage Ratio10:12.9:1355,886 Financial Covenants RequirementDecember 31, 2023Maximum Allowable DistributionFAMAdjusted Tangible Net Worth$10,000 $15,264 $5,264 Liquidity 1,000 2,254 1,254 FARAdjusted Tangible Net Worth$250,000 $447,571 $197,571 Liquidity 40,000 41,656 1,656 Leverage Ratio 6:13.0:1223,460 FAHAdjusted Tangible Net Worth$220,000 $446,321 $226,321 Liquidity 40,000 45,282 5,282 Leverage Ratio 10:13.3:1297,445 

15.    Payables and Other LiabilitiesPayables and other liabilities related to continuing operations consisted of the following (in thousands):December 31, 2024December 31, 2023Accrued and other liabilities$63,898 $94,468 Lease liabilities (Note 16 - Leases)28,474 31,250 Deferred purchase price liabilities(1)18,354 12,780 Ginnie Mae reverse mortgage buyout payable14,005 67,991 Accrued compensation expense13,222 13,080 Total payables and other liabilities$137,953 $219,569 

(1) As of December