Housing Trust Fund Ventura County
- Assets
- $20.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Camarillo, CA
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-3191747
Organization Overview
Housing Trust Fund Ventura County is located in Camarillo, CA. The organization was established in 2012. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Housing Trust Fund Ventura County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Trust Fund Ventura County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Housing Trust Fund Ventura County generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $768.6k during the year ending 12/2023. While expenses have increased by 22.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MORE HOUSING CHOICES BY GENERATING AND LEVERAGING FINANCIAL RESOURCES, WORKING IN PARTNERSHIP WITH THE PUBLIC, PRIVATE, AND NON-PROFIT SECTORS THROUGHOUT VENTURA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM OF HTFVC IS A REVOLVING LOAN FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING. THE REVOLVING LOAN FUND IS COMPRISED OF PUBLIC, PRIVATE AND CHARITABLE FUNDS. FOR-PROFIT AND NON-PROFIT DEVELOPERS MAY APPLY FOR LOANS TO FILL GAPS IN PREDEVOPMENT, ACQUISITION/REHABILITATION AND CONSTRUCTION LOANS FOR NEW AFFORABLE HOUSING UNITS IN VENTURA COUNTY. REVOLVING LOAN FUNDS ARE OBTAINED THROUGH A NUMBER OF SOURCES: LOCAL GOVERNMENT CONTRIBUTIONS, COUNTY OF VENTURA, STATE OF CALIFORNIA, PROPOSITION 1 LOCAL HOUSING TRUST FUND MATCHING GRANT, CORPORATE GRANTS, PRIVATE CHARITABLE GRANTS, AND INDIVIDUAL DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Mcaulay Chairperson | OfficerTrustee | 3 | $0 |
Ken Trigueiro Vice-Chair | OfficerTrustee | 3 | $0 |
Karen Flock Treasurer | OfficerTrustee | 3 | $0 |
Daniel Gonzalez Secretary | OfficerTrustee | 3 | $0 |
Alex Russell Former Chair | OfficerTrustee | 3 | $0 |
Dawn Dyer Chair Emeritus | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,371,168 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,346 |
| Noncash contributions included in lines 1a–1f | $22,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,498,514 |
| Total Program Service Revenue | $63,570 |
| Investment income | $500,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,127,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,930 |
| Fees for services: Accounting | $6,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,843 |
| Office expenses | $0 |
| Information technology | $7,496 |
| Royalties | $0 |
| Occupancy | $21,300 |
| Travel | $5,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,981 |
| Interest | $162,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,258 |
| Insurance | $13,386 |
| All other expenses | $74,997 |
| Total functional expenses | $768,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,592,528 |
| Savings and temporary cash investments | $475,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $442,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,236 |
| Net Land, buildings, and equipment | $884,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,505,975 |
| Total assets | $20,906,760 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,256,749 |
| Total liabilities | $6,256,749 |
| Net assets without donor restrictions | $6,490,723 |
| Net assets with donor restrictions | $8,159,288 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,906,760 |