University Of California Home Loan Program Corporation
- Assets
- $809.2m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 11/2015
- Data as of
- 06/2021
- EIN
- 46-5081042
Organization Overview
University Of California Home Loan Program Corporation, operating under the name Uchlp Corporation, is located in Oakland, CA. The organization was established in 2015. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uchlp Corporation 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 06/2021, Uchlp Corporation generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $13.7m during the year ending 06/2021. While expenses have increased by 16.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PERFORMS THE LOAN ORIGINATION FUNCTIONS ASSOCIATED WITH THE UNIVERSITY OF CALIFORNIA'S HOUSING ASSISTANCE PROGRAM. THE MISSION OF THE PROGRAM IS TO PROVIDE MORTGAGE LOAN ASSISTANCE IN SUPPORT OF THE RECRUITMENT AND RETENTION OF FACULTY AND SENIOR MANAGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION (UCHLP) ADMINISTERS THE MORTGAGE LENDING ACTIVITIES OF THE UNIVERSITY OF CALIFORNIA'S MORTGAGE PROGRAM FOR FACULTY AND CERTAIN SENIOR MANAGERS. THE DAILY ACTIVITIES OF UCHLP ARE CARRIED OUT BY EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA'S OFFICE OF LOAN PROGRAMS PURSUANT TO A SERVICES AGREEMENT BETWEEN UCHLP AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA. FOR THE FISCAL YEAR ENDED JUNE 30, 2021, 128 FIRST DEED MORTGAGES WERE FUNDED WITH AN AGGREGATE DOLLAR AMOUNT OF $104.4 MILLION, AND 42 SECOND TRUST DEED MORTGAGES WERE FUNDED WITH AN AGGREGATE DOLLAR AMOUNT OF $6.1 MILLION. THE PRIMARY EXPENSE ASSOCIATED WITH THE CORPORATION IS INTEREST EXPENSE ON ADVANCES FROM THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jagdeep Bachher Director And CFO | OfficerTrustee | 1 | $0 |
Charles F Robinson Secretary | OfficerTrustee | 0.5 | $0 |
Peggy Arrivas Chair Of The Board (thru 6/21) | OfficerTrustee | 3 | $0 |
Nathan Brostrom Chair Of The Board | OfficerTrustee | 1.5 | $0 |
Rachael Nava Vice President | OfficerTrustee | 1.5 | $0 |
Janet Napolitano Director (thru 8/20) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,322,221 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,322,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,496,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,161,060 |
| Total functional expenses | $13,712,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,008,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,392,085 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $775,817,071 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $809,217,947 |
| 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 | $778,020,156 |
| Total liabilities | $778,020,156 |
| Net assets without donor restrictions | $31,197,791 |
| Net assets with donor restrictions | $0 |
| 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 | $809,217,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Launchpad Development Company Redwood City, CA | $184,902,715 | $19,513,288 |
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |
Associated Students University Of California Davis Business Office Davis, CA | $7,045,095 | $14,137,728 |
Element Education Inc Escondido, CA | $11,446,898 | $15,469,038 |
University Of California Home Loan Program Corporation Oakland, CA | $809,217,947 | $25,322,221 |
California Charter Schools Association Los Angeles, CA | $32,950,225 | $18,898,883 |
Maker Learning Network Acton, CA | $31,041,626 | $6,882,050 |
Pathways Management Group Inc Pasadena, CA | $27,742,984 | $4,110,742 |
Black Girls Code Inc Oakland, CA | $40,729,664 | $16,892,534 |
Silvies River Charter School Crane, OR | $8,476,358 | $7,552,707 |
Gia Holdings Inc Carlsbad, CA | $23,575,400 | $34,356,749 |
Educational Policy Improvement Center Eugene, OR | $5,312,534 | $5,065,670 |