Marin County Housing Development Financing Corp

Organization Overview

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 12/2021, Marin County Housing Development Financing Corp generated $427.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $263.3k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 CA, 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.


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Board, Officers & Key Employees

Name (title)Compensation
Nick Zhou
Treasurer
$0
Lewis Jordan
Chairperson
$0
David Kunhardt
Vice-Chairperson
$0
Steve Kinsey
Director
$0
Evan Smith
Director
$0
Paul Cummings
Director
$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$423,620
Investment income $1,158
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 $427,533

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