2023-05-10T14:21:57-07:00 2022-06-30 454555509 Badawi and Associates 2855 Telegraph Ave Ste 312 Berkeley CA 94705 990 2021-07-01 721589835 Housing Endowment and Regional Trust of San Mateo County HOUS 6502045640 2905 S El Camino Real San Mateo CA 94403 ARMANDO SANCHEZ Executive Director 2023-05-10 true ARMANDO SANCHEZ 999009999 Ahmed Badawi P01676731 5107688244 2 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z ARMANDO SANCHEZ 2905 S El Camino Real San Mateo CA 94403 4545919 false X www.heartofsmc.org X 2005 CA 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 21 21 0 0 539276 4391202 5300 23078 262058 58889 41666 61857 848300 4535026 0 0 464067 432380 0 19122 167865 151335 631932 583715 216368 3951311 15081965 20097553 3603625 4667902 11478340 15429651 X 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 false false 368642 DIRECT LENDING PROGRAM: INCLUDES ALL ACTIVITIES INVOLVED WITH MARKETING UNDERWRITING, COMMITTING, CLOSING, MONITORING AND SERVICING LOANS TO AFFORDABLE HOUSING DEVELOPERS TO CREATE OR PRESERVE AFFORDABLE HOUSING.1. MADE ONE LONG-TERM LOAN IN THE AMOUNT OF $3,800,000 TO CONSTRUCT 225 AFFORDABLE UNITS. 2. RENEWED ONE SHORT-TERM LOAN IN THE AMOUNT OF $853,977 FOR A 75-UNIT DEVELOPMENT. 3. MADE ON SHORT-TERM LOAN IN THE AMOUNT OF $850,000 TO REHABILITATE A 32-UNIT AFFORDABLE HOUSING PROJECT. 5. RECEIVED $302,653 IN LOAN INTEREST AND $20,897 IN LOAN FEES. 24541 DIRECT LENDING PROGRAM HOMEBUYERS: INCLUDES ALL ACTIVITIES INVOLVED WITH MARKETING, COMMITTING, CLOSING, MONITORING AND SERVICING DOWN PAYMENT ASSISTANCE LOANS TO LOW-AND MODERATE INCOME HOME BUYERS. 1. NO DIRECT LOANS TO HOMEBUYERS DURING CURRENT YEAR. 2. CONDUCTED FIRST TIME HOMBUYER WORKSHOPS TO EDUCATE BUYERS ON HOME BUYING PROCESS. 17714 PROVIDE DESIGN AND CONSTRUCTION PLANS TO HELP HOMEOWNERS CONSTRUCT ACCESSORY DWELLING UNITS (ADU): PROVIDED INFORMATION AND PLANS TO OWNERS INTERESTED IN CONTRUCTING DWELLING UNITS. WORKED WITH CITIES TO PRE-APPROVE DESIGNS TO EXPEDITE APPROVAL PROCESS FOR USERS USING HEART'S ADU DESIGNS. 410897 true true false false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 21 21 false false false false true true false true true false false true true true true false false true true false X X X Armando Sanchez 6502045640 2905 S El Camino Real San Mateo CA 94403 ARMANDO SANCHEZ Executive Dir. 40.00 0.00 X 180180 0 12000 Dave Hopkins Director 1.00 0.00 X 0 0 0 Jack Matthews Director 1.00 0.00 X 0 0 0 Karyl Eldridge Director 1.00 0.00 X 0 0 0 Larry Franzella Director 1.00 0.00 X 0 0 0 Nancy Magee Director 1.00 0.00 X 0 0 0 Pam Frisella Director 1.00 0.00 X 0 0 0 Robert Morehead Director 1.00 0.00 X 0 0 0 Anne Oliva Director 1.00 0.00 X 0 0 0 Deborah Penrose Director 1.00 0.00 X 0 0 0 Diane Howard Director 1.00 0.00 X 0 0 0 Don Horsley Director 1.00 0.00 X X 0 0 0 Sam Hindi Director 1.00 0.00 X 0 0 0 Glenn R Sylvester Director 1.00 0.00 X X 0 0 0 Mark Nagales Director 1.00 0.00 X 0 0 0 Micahel Brownrigg Director 1.00 0.00 X 0 0 0 Rick Bonilla Director 1.00 0.00 X X 0 0 0 Sara McDowell Director 1.00 0.00 X 0 0 0 Warren Slocum Director 1.00 0.00 X X 0 0 0 Bart Pantoja Director 1.00 0.00 X 0 0 0 180180 12000 1 false true false 0 236280 4034362 120560 4391202 LOAN ORIGINATION FEE 900099 23078 23078 23078 58889 58889 0 0 0 0 10250 10893 -643 0 0 PPP LOAN FORGIVENESS 900099 62500 62500 62500 4535026 144467 0 0 0 0 192180 122408 69281 491 0 207944 142228 52688 13028 0 32256 21235 9686 1335 0 0 24816 23485 1231 100 13500 7209 5818 473 0 0 0 38131 33688 2033 2410 0 11438 6080 4691 667 0 0 5657 3021 2438 198 3074 1571 1408 95 0 0 44960 44960 0 0 0 Other 9322 4962 4035 325 Fiscal service 437 50 387 0 583715 410897 153696 19122 4342598 8465540 0 0 49407 21430 0 0 0 0 0 0 0 0 10689959 11610583 0 1 0 15081965 20097553 41125 47902 3500000 4620000 62500 3603625 4667902 X 11066614 15017719 411726 411932 11478340 15429651 15081965 20097553 3951311 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11610583 X X X false false false false false false false false false ARMANDO SANCHEZ Executive Dir. 171600 8580 12000 192180 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICES Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The members of the joint powers authority known as HEART are the 20 cities in San Mateo County along with the County itself. Form 990, Part VI, Line 11b: Form 990 Review Process The Finance Committee reviews the form 990 and then forward it to the Board for review Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts HEARTs attorney reviews the conflict of interest polciy with the board members on an annual basis. Because HEART is a public agency, its board members must also file a State of California Form 700 Conflict of Interest Disclosure annually. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board of Directors set the directors salary based on market comparison and experience using tolls such as the Northern California nonprofit Salary Survey as a benchmark tools. The HEART board approves an annual administrative budget, including the directors salary. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available As a public agency, HEART makes all of its governing documents available upon request. Its joint powers agreement, bylaws, and minutes are in the public record. The annual audited financial statements are published on HEARTs website. A summary financial report is included in HEARTs annual report, which is mailed to donors and city council members and published on HEARTs website