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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nick Zhou Treasurer | Trustee | 2 | $0 |
Lewis Jordan Chairperson | Trustee | 2 | $0 |
David Kunhardt Vice-Chairperson | Trustee | 1 | $0 |
Steve Kinsey Director | Trustee | 1 | $0 |
Evan Smith Director | Trustee | 2 | $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 | $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 |
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 | $39,844 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $44,040 |
Fees for services: Legal | $251 |
Fees for services: Accounting | $6,064 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $470 |
Office expenses | $9,215 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $8,780 |
Insurance | $6,695 |
All other expenses | $750 |
Total functional expenses | $263,252 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,550,636 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $749 |
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 | $3,562 |
Net Land, buildings, and equipment | $254,143 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,720 |
Total assets | $1,816,810 |
Accounts payable and accrued expenses | $6,317 |
Grants payable | $0 |
Deferred revenue | $3,358 |
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 | $9,720 |
Total liabilities | $19,395 |
Net assets without donor restrictions | $1,797,415 |
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 | $1,816,810 |
Organization Name | Assets | Revenue |
---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |