Housing Industry Foundation
- Assets
- $1.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Palo Alto, CA
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 94-3100671
Organization Overview
Housing Industry Foundation is located in Palo Alto, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Housing Industry Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Industry Foundation 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 12/2022, Housing Industry Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 13.9% per year over the past 8 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.
Since 2014, Housing Industry Foundation has awarded 27 individual grants totaling $1,030,941. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PROVIDE OR REHABILITATE SHORT OR LONG TERM HOUSING FOR LOW INCOME INDIVIDUALS AND HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY HOUSING GRANTS: ASSISTS LOW-INCOME INDIVIDUALS AND FAMILIES IN SAN MATEO/SANTA CLARE COUNTIES BY PROVIDING GRANTS FOR VARIOUS HOUSING EXPENSES SUCH AS RENT, UTILITIES, MORTGAGE & CERTAIN REPAIRS DURING THE FISCAL YEAR.
EMERGENCY DISASTER RESPONSE: IN CONJUNCTION WITH PARTNER AGENCIES PROVIDES EMERGENCY OR DISASTER ASSISTANCE TO INDIVIDUALS WHO HAVE LOST THEIR HOUSING.
REHABILITATION PROJECTS: IN CONJUNCTION WITH LOCAL SHELTERS AND OTHER NON-PROFITS, SUPPORTS REHABILITATION PROJECTS TO IMPROVE LIVING CONDITIONS OF THEIR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Edwards President | OfficerTrustee | 2 | $0 |
Nazar Elwazir Vice President | OfficerTrustee | 2 | $0 |
Joshua Howard Secretary | OfficerTrustee | 2 | $0 |
Lynn Pierce Treasurer | OfficerTrustee | 2 | $0 |
Tod Spieker Past President | OfficerTrustee | 2 | $0 |
Jamie D'alessandro Director | Trustee | 1 | $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 | $1,571,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,571,954 |
| Total Program Service Revenue | $623,627 |
| Investment income | $1,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $857,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,054,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,248,117 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,676 |
| Compensation of current officers, directors, key employees. | $16,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,199 |
| Payroll taxes | $55,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,665 |
| Advertising and promotion | $0 |
| Office expenses | $7,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,201 |
| 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 | $0 |
| Insurance | $7,969 |
| All other expenses | $12,224 |
| Total functional expenses | $3,316,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $882,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,449 |
| 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 | $260,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,327,147 |
| Accounts payable and accrued expenses | $3,223 |
| 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 | $0 |
| Other liabilities | $7,606 |
| Total liabilities | $10,829 |
| Net assets without donor restrictions | $1,316,318 |
| 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 | $1,327,147 |
Grants Awarded
Over the last fiscal year, Housing Industry Foundation has awarded $54,314 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREE AT LAST PURPOSE: REHAB PROJECT | $10,534 |
ST VINCENT DE PAUL PURPOSE: REHAB PROJECT | $43,780 |