California Housing Partnership Corporation
- Assets
- $6.7m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 44
- Location
- San Francisco, CA
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 68-0183692
Organization Overview
California Housing Partnership Corporation is located in San Francisco, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, California Housing Partnership Corporation employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Housing Partnership 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 12/2022, California Housing Partnership Corporation generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $7.9m during the year ending 12/2022. While expenses have increased by 12.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CALIFORNIA HOUSING PARTNERSHIP CORPORATION CREATES AND PRESERVES AFFORDABLE AND SUSTAINABLE HOMES FOR CALIFORNIANS WITH LOW INCOMES BY PROVIDING EXPERT FINANCIAL AND POLICY SOLUTIONS TO NONPROFIT AND PUBLIC PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTNERSHIP PROVIDED TECHNICAL ASSISTANCE TO30 OF OUR 92PUBLIC AND PRIVATE NONPROFIT ORGANIZATIONPARTNERSON THE CONSTRUCTION AND FINANCING OF4,574AFFORDABLEAND SUSTAINABLE HOMES THROUGHOUT CALIFORNIA IN 2022. WE ALSO TRAINED NEARLY3,000AFFORDABLE HOUSING PROFESSIONALS ACROSS CALIFORNIA IN 2022THROUGH EXPANSION OFOUR ONLINE AND IN-PERSON TRAININGPROGRAMS.
THE PARTNERSHIP'S POLICY AND RESEARCH PROGRAM PROVIDED TECHNICAL ASSISTANCE, TRAINING, AND EDUCATION RELATED TO THE PRESERVATION AND PRODUCTION OF AFFORDABLE HOUSING IN CALIFORNIA. IN 2022, THESE EFFORTS INCLUDED EXPANDING OUR PRESERVATION EFFORTS BY EXAMINING NATURALLY OCCURRING AFFORDABLE HOUSING (NOAH) IN CALIFORNIA AND THE POTENTIAL RISKS FACTORS RELATED TO NOAH PROPERTIES LOSING THEIR AFFORDABILITY FOR LOW-INCOME CALIFORNIANS. WE CONTINUED TO EXPANDED USE AND OUTREACH FOR OUR ONLINE RESEARCH TOOLS BY UPDATING THE TOOLS AND PROVIDING TRAININGS/WEBINARS FOR VARIOUS PARTNER ORGANIZATIONS. LASTLY, WE PILOTED A NEW UNIVERSITY-LEVEL FELLOWSHIP PROGRAM GEARED TOWARDS IMPROVING ACCESS AND MENTORING OPPORTUNITIES FOR RACIAL/ETHNIC MINORITIES IN THE AFFORDABLE HOUSING POLICY AND RESEARCH FIELD.
THE SUSTAINABLE HOUSING TEAM IMPLEMENTED FOUR MAJOR CLEAN ENERGY INCENTIVE PROGRAMS, PROVIDED TECHNICAL SUPPORT TO NONPROFIT HOUSING PROVIDERS TO HELP THEM AND THE LOW-INCOME RESIDENTS THEY SERVE ACCESS CLEAN ENERGY FUNDING RESOURCES, AND ADVOCATED FOR INCREASED FUNDING TO REDUCE GREENHOUSE GAS EMISSIONS IN AFFORDABLE HOUSING THROUGHOUT CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Schwartz President & CEO | Officer | 40 | $249,167 |
Richard Mandel Director, Financial Consulting | 40 | $235,000 | |
Paul Beesmeyer Director, Southern California | 40 | $225,000 | |
Diep DO Dir. San Diego | 40 | $202,813 | |
Laura Kobler Dir. Sacramento | 40 | $201,000 | |
Dave Kiddoo Dir Public Housing | 40 | $195,000 |
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 | $1,392,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,392,600 |
| Total Program Service Revenue | $7,271,699 |
| Investment income | -$382,830 |
| 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 | $8,282,451 |
| 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. | $1,371,084 |
| Compensation of current officers, directors, key employees. | $172,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,526,781 |
| Pension plan accruals and contributions | $163,206 |
| Other employee benefits | $553,874 |
| Payroll taxes | $408,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,300 |
| Fees for services: Accounting | $53,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,622 |
| Advertising and promotion | $0 |
| Office expenses | $99,512 |
| Information technology | $81,563 |
| Royalties | $0 |
| Occupancy | $342,112 |
| Travel | $51,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,576 |
| Insurance | $27,812 |
| All other expenses | $0 |
| Total functional expenses | $7,900,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,530 |
| Savings and temporary cash investments | $2,470 |
| Pledges and grants receivable | $240,000 |
| Accounts receivable, net | $1,424,739 |
| 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 | $132,323 |
| Net Land, buildings, and equipment | $61,513 |
| Investments—publicly traded securities | $3,274,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $725,002 |
| Total assets | $6,723,072 |
| Accounts payable and accrued expenses | $339,924 |
| 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 | $255,435 |
| Total liabilities | $595,359 |
| Net assets without donor restrictions | $5,210,213 |
| Net assets with donor restrictions | $917,500 |
| 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 | $6,723,072 |