Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 234

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 234
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                                         |     | $ |                              228,430 |     | $ |                              238,260 |

(1) Amounts include interest income and expense on all loans held for investment, subject to HMBS related obligations, loans held for investment, subject to nonrecourse debt, other loans held for investment, HMBS related obligations, and nonrecourse debt.

22. General and Administrative Expenses

General and administrative expenses related to continuing operations consisted of the following (in thousands):

|                                                                 |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:----------------------------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Communications and data processing                              |     | $ |                               22,745 |     | $ |                               32,947 |
| Professional and consulting fees                                |     |   |                               20,480 |     |   |                               24,790 |
| Occupancy, equipment rentals, and other office related expenses |     |   |                                4,904 |     |   |                                8,743 |
| Other expenses                                                  |     |   |                               11,333 |     |   |                               15,724 |
| Total general and administrative expenses                       |     | $ |                               59,462 |     | $ |                               82,204 |

23. Income Taxes

The provision (benefit) for income taxes related to continuing operations consisted of the following (in thousands):

|                                      |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:-------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Current expense (benefit)            |     |   |                                      |     |   |                                      |
| Federal                              |     | $ |                                  -13 |     | $ |                                   85 |
| Deferred expense (benefit)           |     |   |                                      |     |   |                                      |
| Federal                              |     |   |                                2,010 |     |   |                                 -508 |
| State                                |     |   |                                  401 |     |   |                                 -170 |
| Subtotal                             |     |   |                                2,411 |     |   |                                 -678 |
| Provision