Housing Endowment & Tr Of San Mateo County
- Assets
- $21.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 11/2008
- Data as of
- 06/2023
- 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 06/2023, Housing Endowment & Tr Of San Mateo County generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $764.3k during the year ending 06/2023. While expenses have increased by 10.4% per year over the past 4 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
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
1. RECEIVED PRINCIPAL LOAN REPAYMENTS IN THE AMOUNT OF $24,358. 2. RECEIVED INTEREST PAYMENTS IN THE AMOUNT OF $52,970. 3. ACCRUED INTEREST FOR EXISTING LONG-TERM LOANS INCREASED BY $213,655. 3. PROGRAM SERVICE EXPENSE FOR THE LONG-TERM AND SHORT-TERM DIRECT LENDING PROGRAMS WAS $555,993.
1. MADE TWO DOWN PAYMENT ASSISTANCE LOANS TOTALING $218,850. SOLD THE LOANS TO MERIWEST CREDIT UNION FOR $218,850. 2. LOAN ORIGINATION FEES GENERATED $800 IN REVENUE. 3. PROGRAM SERVICE EXPENSE TO MANAGE THIS PROGRAS WAS $22,082.
1. RECEIVED ONE PRINCIPAL LOAN REPAYMENT IN THE AMOUNT OF $695,856, 2. RECEIVED INTEREST PAYMENTS IN THE AMOUNT OF $22,983.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Sanchez Executive Dir. | Officer | 40 | $214,026 |
Dave Hopkins Director | Trustee | 1 | $0 |
Jack Matthews Director | Trustee | 1 | $0 |
Bart Pantoja Director | Trustee | 1 | $0 |
Karyl Eldridge Director | Trustee | 1 | $0 |
Anders Fung Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $236,286 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,704,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,060,168 |
| Total Program Service Revenue | $4,800 |
| Investment income | $416,173 |
| 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 | $2,481,141 |
| 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. | $214,026 |
| Compensation of current officers, directors, key employees. | $79,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,081 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,843 |
| Fees for services: Legal | $9,773 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,831 |
| Advertising and promotion | $112 |
| Office expenses | $13,390 |
| Information technology | $137 |
| Royalties | $0 |
| Occupancy | $4,835 |
| Travel | $7,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,540 |
| All other expenses | $0 |
| Total functional expenses | $764,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,545,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,343 |
| 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 | $11,121,154 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,828,923 |
| Accounts payable and accrued expenses | $62,390 |
| 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 | $4,620,000 |
| Other liabilities | $0 |
| Total liabilities | $4,682,390 |
| Net assets without donor restrictions | $16,731,573 |
| Net assets with donor restrictions | $414,960 |
| 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 | $21,828,923 |