2025-05-15T12:56:26-07:00 2024-06-30 454555509 Badawi and Associates 2855 Telegraph Ave Ste 312 Berkeley CA 94705 990 2023-07-01 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 2025-05-15 true true Ahmed Badawi P01676731 5107688244 2023 2025-03-06 01:10:19Z ARMANDO SANCHEZ 2905 S El Camino Real San Mateo CA 94403 3560949 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 20 20 0 0 2060168 2317846 4800 262225 416173 980878 -19867 2481141 3541082 0 0 602813 846831 0 9549 161446 161243 764259 1008074 1716882 2533008 21828923 24758451 4682390 5078910 17146533 19679541 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 544683 1. RECEIVED PRINCIPAL LOAN REPAYMENTS IN THE AMOUNT OF $25,000. 2. RECEIVED INTEREST PAYMENTS IN THE AMOUNT OF $31,895. 3. ACCRUED INTEREST FOR EXISTING LONG-TERM LOANS INCREASED BY $299,015. 3. PROGRAM SERVICE EXPENSE FOR THE LONG-TERM AND SHORT-TERM DIRECT LENDING PROGRAMS WAS $544,683. 180970 OTHER PROGRAM SERVICES 24135 1. MADE TWO DOWN PAYMENT ASSISTANCE LOANS TOTALING $175,125. SOLD THE LOANS TO MERIWEST CREDIT UNION FOR $175,125. 2. LOAN ORIGINATION FEES GENERATED $815 IN REVENUE. 3. PROGRAM SERVICE EXPENSE TO MANAGE THIS PROGRAS WAS $24,135. 749788 true true false false false false false false false false false false true false false false false false false false false false false false true 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 20 20 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 212000 0 0 Tim Davis Director of Consulting Services 0.00 0.00 162165 0 0 Boris Vatkin Director of Housing Programs 0.00 0.00 154719 0 0 Dave Hopkins Director 1.00 0.00 X 0 0 0 Jack Matthews Director 1.00 0.00 X 0 0 0 Bart Pantoja Director 1.00 0.00 X 0 0 0 Karyl Eldridge Director 1.00 0.00 X 0 0 0 Anders Fung 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 Noelia Corzo Director 1.00 0.00 X 0 0 0 Robert Morehead Director 1.00 0.00 X 0 0 0 Mary Bier 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 X 0 0 0 James Coleman Director 1.00 0.00 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 Elaine Breeze Director 1.00 0.00 X 0 0 0 Micahel Brownrigg Director 1.00 0.00 X X 0 0 0 Elan Scheinman Director 1.00 0.00 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 528884 3 false true false 0 236363 34426 1700000 347057 2317846 LOAN ORIGINATION FEE 900099 262225 262225 262225 980878 980878 0 0 0 0 34426 19867 -19867 0 0 0 3541082 1243103 0 0 0 0 528884 336869 190662 1353 0 313386 265921 40595 6870 0 4561 4262 246 53 0 0 1069 553 466 50 13500 10814 2428 258 0 0 0 11774 6009 5730 35 1249 693 556 12982 11340 1522 120 678 240 438 0 7149 5727 1286 136 3504 2001 1428 75 0 0 92758 92758 0 0 8892 7123 1599 170 Dues and Subscriptions 6465 5268 1082 115 Bank service charge 469 155 314 Printing and Publications 454 15 439 Postage and Shipping 300 40 260 0 1008074 749788 248737 9549 10545426 10153531 0 0 162343 209751 0 0 0 0 0 0 0 0 11121154 14395168 0 1 21828923 24758451 62390 78910 4620000 5000000 4682390 5078910 X 16731573 19258182 414960 421359 17146533 19679541 21828923 24758451 2533008 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14395168 X X X X false Annual Event 34426 34426 6179 10385 3303 34426 34426 6179 10385 3303 19867 -19867 X X X false false false false false false false false false ARMANDO SANCHEZ Executive Dir. 212000 212000 Boris Vatkin Director of Housing Programs 154719 154719 Tim Davis Director of Consulting Services 162165 162165 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICES Form 990, Part VI, Section A, Line 6 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, Section B, Line 11b The Finance Committee reviews the form 990 and then forward it to the Board for review Form 990, Part VI, Section B, Line 12c 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, Section B, Line 15a 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, Section C, Line 19 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