Marin County Housing Development Financing Corp is located in San Rafael, CA. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin County Housing Development Financing Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Marin County Housing Development Financing Corp generated $436.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $229.6k during the year ending 12/2022. 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
PROVIDE ASSISTANCE TO THE HOUSING AUTHORITY OF THE COUNTY OF MARIN, A PUBLIC BODY, CORPORATE AND POLITIC, IN THE STATE OF CALIFORNIA, BY FINANCING OR CARRYING OUT THE ACQUISITION, CONSTRUCTION, REHABILITATION AND EQUIPPING OF RENTAL HOUSING FOR PERSONS OF LOW-INCOME, ON SITES LOCATED IN THE COUNTY OF MARIN. THE CORPORATION OWNS A 15-UNIT PROPERTY IN TIBURON, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAJORITY OF REVENUE IS FROM RENTAL ACTIVITY FROM A 15-UNIT PROPERTY LOCATED IN TIBURON, CA. EXPENSES INCLUDE MANAGEMENT FEES, SALARIES AND BENEFITS FOR A PROPERTY MANAGER AND MAINTENANCE STAFF, UTILITIES, INSURANCE, GARBAGE, LANDSCAPING, PROPERTY REPAIRS, AND DEPRECIATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Kelly Director | Trustee | 1 | $0 |
Kimberly Carroll Chairperson | Trustee | 2 | $0 |
Nick Zhou Treasurer | Trustee | 2 | $0 |
Adrian Chorley Director | Trustee | 1 | $0 |
Dave Latina Director | Trustee | 1 | $0 |
Paul Cummings Director | Trustee | 1 | $0 |
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 | $426,938 |
Investment income | $8,866 |
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 | $436,639 |
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 | $54,962 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $44,580 |
Fees for services: Legal | $692 |
Fees for services: Accounting | $2,004 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,020 |
Office expenses | $7,073 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $679 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,574 |
Insurance | $6,505 |
All other expenses | $1,991 |
Total functional expenses | $229,626 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,303,644 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,918 |
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 | $4,015 |
Net Land, buildings, and equipment | $428,857 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $322,021 |
Total assets | $2,062,455 |
Accounts payable and accrued expenses | $46,566 |
Grants payable | $0 |
Deferred revenue | $3,276 |
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 | $8,185 |
Total liabilities | $58,027 |
Net assets without donor restrictions | $2,004,428 |
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 | $2,062,455 |