HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY (EIN 72-1589835)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202611349349309231
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T15:56:45-04:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 270630496 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHAVAN & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16450 MONTEREY RD STE 5 | AddressLine1Txt |
| City | MORGAN HILL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95037 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721589835 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOUSING ENDOWMENT AND REGIONAL | BusinessNameLine1Txt |
| Business Name Line2 | TRUST OF SAN MATEO COUNTY | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOUS | BusinessNameControlTxt |
| Phone | 6502045640 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2905 S EL CAMINOR REAL | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ARMANDO SANCHEZ | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6502045640 | PhoneNum |
| Signature | 2026-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHELDON CHAVAN | PreparerPersonNm |
| PTIN | P01001593 | PTIN |
| Phone | 4082178749 | PhoneNum |
| Preparation | 2026-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ARMANDO SANCHEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2905 S EL CAMINO REAL | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,785,606 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HEARTOFSMC.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | JPA | OtherOrganizationDsc |
| Formation | 2005 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,317,846 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,775,738 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $262,225 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $497,742 | CYProgramServiceRevenueAmt |
| PY Investment Income | $980,878 | PYInvestmentIncomeAmt |
| CY Investment Income | $512,126 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$19,867 | PYOtherRevenueAmt |
| CY Other Revenue | -$9,661 | CYOtherRevenueAmt |
| PY Total Revenue | $3,541,082 | PYTotalRevenueAmt |
| CY Total Revenue | $5,775,945 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $846,831 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,033,386 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $39,551 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $161,243 | PYOtherExpensesAmt |
| CY Other Expenses | $184,900 | CYOtherExpensesAmt |
| PY Total Expenses | $1,008,074 | PYTotalExpensesAmt |
| CY Total Expenses | $1,218,286 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,533,008 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,557,659 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $24,758,450 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,344,569 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,078,909 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,074,886 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,679,541 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,269,683 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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 | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,024,866 | ExpenseAmt |
| Revenue | $497,742 | RevenueAmt |
| Desc | HEART MEETS CRITICAL HOUSING NEEDS IN SAN MATEO COUNTY BY PROVIDING LAND ACQUISITION, REHABILITATION, AND EARLY FUNDING TO AFFORDABLE HOUSING PROJECTS FOR LOW-INCOME RESIDENTS. FIRST TIME HOMEBUYER LOANS: DOWNPAYMENT ASSISTANCE LOANS FOR FIRST-TIME HOMEBUYERS IN SAN MATEO COUNTY DEVELOPER LOAN PROGRAM: WE MAKE LOANS TO NONPROFIT DEVELOPERS, FOR-PROFIT ORGANIZATIONS, AND EDUCATIONAL INSTITUTIONS TO DEVELOP, PRESERVE, ACQUIRE, AND REHAB AFFORDABLE HOUSING. ACCESSORY DWELLING UNIT (ADU) CENTER: OUR GREEN LIVABLE ACCESSORY DWELLING UNIT RESOURCE (GLADUR) MAKES BUILDING ADUS EASIER AND MORE AFFORDABLE WITH FOUR ALL-ELECTRIC DESIGNS, FREE TO THE PUBLIC AND PRE-REVIEWED IN FIVE CITIES. HOUSING CONSULTING SERVICES: WE ARE HELPING SAN MATEO COUNTY COMMUNITIES MEET THEIR HOUSING GOALS BY ASSISTING THEM WITH THE CREATION AND IMPLEMENTATION OF A RANGE OF HOUSING PROGRAMS. | Desc |
| Total Program Service Expenses | $1,024,866 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 9 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ARMANDO SANCHEZ | PersonNm |
| Phone | 6502045640 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2905 S EL CAMINO REAL | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL BROWNRIGG | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DIANE HOWARD | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GLENN R SYLVESTER | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVE HOPKINS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JACK MATTHEWS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BART PANTOJA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KARYL ELDRIDGE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY FRANZELLA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NANCY MAGEE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELAN SCHEINMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT MOREHEAD | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELAINE BREEZE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDERS FUNG | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA DIAZ NASH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARY BIER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NOELIA CORZO | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CLIFF LENTZ | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES COLEMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SARA MCDOWELL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA GAUTHIER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ARMANDO SANCHEZ | |||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $232,066 | $0 | $0 | ||
| TIM DAVIS | |||||||
| DIR. CON. SE | 40.00 | Yes (X) | $185,000 | $0 | $0 | ||
| BORIS VATKIN | |||||||
| DIR. HOUSING | 40.00 | Yes (X) | $177,497 | $0 | $0 | ||
| MACKENZIE HART | |||||||
| HIGHLY COMP | 40.00 | $127,123 | $0 | $0 | Yes (X) | ||
| ALEXANDER WAGGONER | |||||||
| HIGHLY COMP | 40.00 | $113,997 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $835,683 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Membership Dues | $237,724 | MembershipDuesAmt |
| Fundraising | $33,753 | FundraisingAmt |
| Government Grants | $4,395,384 | GovernmentGrantsAmt |
| All Other Contributions | $108,877 | AllOtherContributionsAmt |
| Total Contributions | $4,775,738 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONSULTING SERVICES | 900099 | $446,651 | $446,651 |
| LOAN ORIGINATION FEES | 900099 | $51,091 | $51,091 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $497,742 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $512,126 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $292,569 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $219,557 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $33,753 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $9,661 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$9,661 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,775,945 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $790,311 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $219,557 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $594,563 | TotalAmt |
| Program Services | $490,121 | ProgramServicesAmt |
| Management And General | $82,928 | ManagementAndGeneralAmt |
| Fundraising | $21,514 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,684 | TotalAmt |
| Program Services | $353,379 | ProgramServicesAmt |
| Management And General | $59,793 | ManagementAndGeneralAmt |
| Fundraising | $15,512 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,139 | TotalAmt |
| Program Services | $9,879 | ProgramServicesAmt |
| Management And General | $230 | ManagementAndGeneralAmt |
| Fundraising | $30 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,904 | TotalAmt |
| Program Services | $8,757 | ProgramServicesAmt |
| Management And General | $1,028 | ManagementAndGeneralAmt |
| Fundraising | $119 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,500 | TotalAmt |
| Program Services | $11,144 | ProgramServicesAmt |
| Management And General | $1,864 | ManagementAndGeneralAmt |
| Fundraising | $492 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,334 | TotalAmt |
| Program Services | $13,857 | ProgramServicesAmt |
| Management And General | $1,960 | ManagementAndGeneralAmt |
| Fundraising | $517 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,552 | TotalAmt |
| Program Services | $1,830 | ProgramServicesAmt |
| Management And General | $161 | ManagementAndGeneralAmt |
| Fundraising | $1,561 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,838 | TotalAmt |
| Program Services | $2,479 | ProgramServicesAmt |
| Management And General | $383 | ManagementAndGeneralAmt |
| Fundraising | $1,976 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,384 | TotalAmt |
| Program Services | $6,096 | ProgramServicesAmt |
| Management And General | $1,019 | ManagementAndGeneralAmt |
| Fundraising | $269 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,606 | TotalAmt |
| Program Services | $2,245 | ProgramServicesAmt |
| Management And General | $325 | ManagementAndGeneralAmt |
| Fundraising | $36 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,464 | TotalAmt |
| Program Services | $4,754 | ProgramServicesAmt |
| Management And General | $562 | ManagementAndGeneralAmt |
| Fundraising | $148 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,000 | TotalAmt |
| Program Services | $100,000 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,897 | TotalAmt |
| Program Services | $6,635 | ProgramServicesAmt |
| Management And General | $998 | ManagementAndGeneralAmt |
| Fundraising | $264 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES AND SUBSCRIPTIONS | $7,666 | $6,328 | $1,058 | $280 |
| ANNUAL FUNDRAISING DIRECT | $6,184 | $6,184 | ||
| CUSTODIAL | $2,381 | $1,965 | $329 | $87 |
| TELEPHONE | $1,790 | $1,478 | $247 | $65 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$4,600 | TotalAmt |
| Program Services | $3,919 | ProgramServicesAmt |
| Management And General | $984 | ManagementAndGeneralAmt |
| Fundraising | -$9,503 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,218,286 | TotalAmt |
| Program Services | $1,024,866 | ProgramServicesAmt |
| Management And General | $153,869 | ManagementAndGeneralAmt |
| Fundraising | $39,551 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,153,531 | BOYAmt |
| EOY | $5,386,538 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,957,470 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,751 | BOYAmt |
| EOY | $157,939 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,395,168 | BOYAmt |
| EOY | $20,842,622 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,758,450 | BOYAmt |
| EOY | $29,344,569 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,909 | BOYAmt |
| EOY | $16,121 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,000,000 | BOYAmt |
| EOY | $5,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $58,765 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,078,909 | BOYAmt |
| EOY | $5,074,886 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,258,182 | BOYAmt |
| EOY | $22,566,432 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $421,359 | BOYAmt |
| EOY | $1,703,251 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,679,541 | BOYAmt |
| EOY | $24,269,683 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,758,450 | BOYAmt |
| EOY | $29,344,569 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,557,659 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $84,493 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$52,010 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Unit | Yes (X) | GovernmentalUnitInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM LOANS | $19,153,321 | C |
| INTEREST RECEIVABLE | $1,689,301 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $20,842,622 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMPENSATED ABSENCES | Desc |
| Amt | $58,765 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $58,765 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $5,870,099 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $84,493 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $9,661 | OtherRevenueAmt |
| Revenue Not Reported | $94,154 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,775,945 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $5,775,945 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,227,947 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,661 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,661 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,218,286 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,218,286 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | DIRECT EVENT EXPENSES 9,661 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | DIRECT EVENT EXPENSES 9,661 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL EVENT | Event1Nm |
| Gross Receipts Event1 | $33,753 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $33,753 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $1,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $4,637 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $4,024 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $33,753 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $33,753 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $1,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $4,637 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,024 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $9,661 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$9,661 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|
| ARMANDO SANCHEZ | ||
| EXECUTIVE DIRECTOR | $232,066 | $232,066 |
| TIM DAVIS | ||
| DIR. CON. SERVICES | $185,000 | $185,000 |
| BORIS VATKIN | ||
| DIR. HOUSING PRGMS | $177,497 | $177,497 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | 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 |
| FORM 990, PAGE 2, PART III, LINE 4A | HEART MEETS CRITICAL HOUSING NEEDS IN SAN MATEO COUNTY BY PROVIDING LAND ACQUISITION, REHABILITATION, AND EARLY FUNDING TO AFFORDABLE HOUSING PROJECTS FOR LOW-INCOME RESIDENTS. FIRST TIME HOMEBUYER LOANS: DOWNPAYMENT ASSISTANCE LOANS FOR FIRST-TIME HOMEBUYERS IN SAN MATEO COUNTY DEVELOPER LOAN PROGRAM: WE MAKE LOANS TO NONPROFIT DEVELOPERS, FOR-PROFIT ORGANIZATIONS, AND EDUCATIONAL INSTITUTIONS TO DEVELOP, PRESERVE, ACQUIRE, AND REHAB AFFORDABLE HOUSING. ACCESSORY DWELLING UNIT (ADU) CENTER: OUR GREEN LIVABLE ACCESSORY DWELLING UNIT RESOURCE (GLADUR) MAKES BUILDING ADUS EASIER AND MORE AFFORDABLE WITH FOUR ALL-ELECTRIC DESIGNS, FREE TO THE PUBLIC AND PRE-REVIEWED IN FIVE CITIES. HOUSING CONSULTING SERVICES: WE ARE HELPING SAN MATEO COUNTY COMMUNITIES MEET THEIR HOUSING GOALS BY ASSISTING THEM WITH THE CREATION AND IMPLEMENTATION OF A RANGE OF HOUSING PROGRAMS. |
| FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 7A | 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, PAGE 6, PART VI, LINE 11B | THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND THEN FORWARD IT TO THE BOARD FOR REVIEW. |
| FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS SET THE OFFICERS AND KEY EMPLOYEE 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 THESE SALARIES. |
| FORM 990, PAGE 6, PART VI, 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 |
| FORM 990, PART XI, LINE 9 | DIRECT EVENT EXPENSES 9,661 DIRECT EVENT EXPENSES -9,661 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEART-SV | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2905 S EL CAMINO REAL | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 931656528 | EIN |
| Primary Activities | COMMUNITY | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 6 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| HEART-SV | ||
| D | $1,900,000 | COST |
| HEART-SV | ||
| R | $128,534 | COST |
| HEART-SV | ||
| S | $720,699 | COST |
| HEART-SV | ||
| A | $46,753 | |
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