Housing Endowment & Tr Of San Mateo County
- Assets
- $15.1m
- Revenue
- $848.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 11/2008
- Data as of
- 06/2021
- EIN
- 72-1589835
Organization Overview
Housing Endowment & Tr Of San Mateo County is located in San Mateo, CA. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Endowment & Tr Of San Mateo 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 06/2021, Housing Endowment & Tr Of San Mateo County generated $848.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $631.9k during the year ending 06/2021. 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
HEART MEETS CRITICAL HOUSING NEEDS IN SAN MATEO COUNTY BY RAISING BOTH PUBLIC AND PRIVATE FUNDS. HEART INVESTS THE FUNDS IT RAISES IN AFFORDABLE HOUSING DEVELOPMENTS FOR LOW AND MODERATE INCOME PEOPLE AND IN LOANS TO FIRST TIME HOMEBUYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT LENDING PROGRAM (SHORT-TERM): INCLUDES ALL ACTIVITIES INVOLVED WITH MARKETING, UNDERWRITING, COMMITTING, CLOSING, MONITORING AND SERVICING SHORT-TERM LOANS TO CREATE OR PRESERVE AFFORDABLE HOUSING TO NONPROFIT ORGANIZATIONS. 1. MADE ONE LOAN IN THE AMOUNT OF $3,56,828. 2. RECEIVED REPAYMENT OF A $356,828 LOAN. 3. PROGRAM SERVICE EXPENSES FOR THIS ACTIVITY WAS $317,542
OTHER PROGRAM SERVICES
DIRECT LENDING PROGRAM (HOMEBUYERS): INCLUDES ALL ACTIVITIES INVOLVED WITH MARKETING, COMMITTING, CLOSING, MONITORING AND SERVICING DOWN PAYMENT ASSISTANCE LOANS TO LOW- AND MODERATE INCOME HOME BUYERS. 1. THREE HOMEBUYER ASSISTANCE LOANS WERE GENERATED DURING THIS FISCAL YEAR FOR A TOTAL OF $1,323,990. MERIWEST CREDIT UNION PURCHASED THESE LOANS FOR $1,323,990. 2. LOAN ORIGINATION FEES GENERATED $5,300 IN REVENUE. 3. PROGRAM SERVICES EXPENSE TO DEVELOP AND MANAGE THE PROGRAM WERE $30,042.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Sanchez Executive Dir. | Officer | 40 | $194,104 |
Don Horsley Director | OfficerTrustee | 1 | $0 |
Glenn R Sylvester Director | OfficerTrustee | 1 | $0 |
Rick Bonilla Director | OfficerTrustee | 1 | $0 |
Warren Slocum Director | OfficerTrustee | 1 | $0 |
Dave Hopkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $236,280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,276 |
| Total Program Service Revenue | $5,300 |
| Investment income | $262,058 |
| 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 | $848,300 |
| 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. | $194,104 |
| Compensation of current officers, directors, key employees. | $69,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,203 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,455 |
| Fees for services: Accounting | $13,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,451 |
| Advertising and promotion | $0 |
| Office expenses | $11,605 |
| Information technology | $303 |
| Royalties | $0 |
| Occupancy | $4,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,570 |
| Interest | $43,411 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,016 |
| All other expenses | $0 |
| Total functional expenses | $631,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,342,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,407 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,689,959 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $15,081,965 |
| Accounts payable and accrued expenses | $41,125 |
| 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 | $3,500,000 |
| Other liabilities | $62,500 |
| Total liabilities | $3,603,625 |
| Net assets without donor restrictions | $11,066,614 |
| Net assets with donor restrictions | $411,726 |
| 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 | $15,081,965 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Housing Endowment & Tr Of San Mateo County has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Point For God Lakeside, CA | $55,591,424 | $109,738,214 |
Family Resource & Referral Center Of San Joaquin Stockton, CA | $22,143,375 | $58,140,912 |
Yellow Chair Foundation San Francisco, CA | $899,830,560 | $147,461,050 |
St Vincent De Paul Village Inc San Diego, CA | $50,446,763 | $60,152,162 |
Frontiers Usa Phoenix, AZ | $21,110,620 | $36,556,098 |
Open Doors With Brother Andrew Inc Santa Ana, CA | $12,195,285 | $33,559,571 |
Cityteam Ministries San Jose, CA | $57,357,554 | $43,092,381 |
Joni And Friends Agoura Hills, CA | $42,271,581 | $29,467,878 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA | $298,852,432 | $83,411,965 |
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |