2026-05-14T15:56:45-04:00 2025-06-30 270630496 CHAVAN & ASSOCIATES LLP 16450 MONTEREY RD STE 5 MORGAN HILL CA 95037 990 2024-07-01 721589835 HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY HOUS 6502045640 2905 S EL CAMINOR REAL SAN MATEO CA 94401 ARMANDO SANCHEZ EXECUTIVE DIRECTOR 6502045640 2026-05-15 true false SHELDON CHAVAN P01001593 4082178749 2026-05-14 2024 2025-03-06 01:10:19Z ARMANDO SANCHEZ 2905 S EL CAMINO REAL SAN MATEO CA 94403 5785606 false X WWW.HEARTOFSMC.ORG X JPA 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 9 0 2317846 4775738 262225 497742 980878 512126 -19867 -9661 3541082 5775945 0 0 846831 1033386 0 39551 161243 184900 1008074 1218286 2533008 4557659 24758450 29344569 5078909 5074886 19679541 24269683 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 1024866 497742 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. 1024866 true true false false false false false false false false false false true false true false true 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 true false false false true 2 0 true 9 true false false false false false 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 MICHAEL BROWNRIGG CHAIR 1.00 X X 0 0 0 DIANE HOWARD VICE CHAIR 1.00 X X 0 0 0 GLENN R SYLVESTER TREASURER 1.00 X X 0 0 0 DAVE HOPKINS DIRECTOR 1.00 X 0 0 0 JACK MATTHEWS DIRECTOR 1.00 X 0 0 0 BART PANTOJA DIRECTOR 1.00 X 0 0 0 KARYL ELDRIDGE DIRECTOR 1.00 X 0 0 0 LARRY FRANZELLA DIRECTOR 1.00 X 0 0 0 NANCY MAGEE DIRECTOR 1.00 X 0 0 0 ELAN SCHEINMAN DIRECTOR 1.00 X 0 0 0 ROBERT MOREHEAD DIRECTOR 1.00 X 0 0 0 ELAINE BREEZE DIRECTOR 1.00 X 0 0 0 ANDERS FUNG DIRECTOR 1.00 X 0 0 0 LISA DIAZ NASH DIRECTOR 1.00 X 0 0 0 MARY BIER DIRECTOR 1.00 X 0 0 0 NOELIA CORZO DIRECTOR 1.00 X 0 0 0 CLIFF LENTZ DIRECTOR 1.00 X 0 0 0 JAMES COLEMAN DIRECTOR 1.00 X 0 0 0 SARA MCDOWELL DIRECTOR 1.00 X 0 0 0 LISA GAUTHIER DIRECTOR 1.00 X 0 0 0 ARMANDO SANCHEZ EXECUTIVE DI 40.00 X 232066 0 0 TIM DAVIS DIR. CON. SE 40.00 X 185000 0 0 BORIS VATKIN DIR. HOUSING 40.00 X 177497 0 0 MACKENZIE HART HIGHLY COMP 40.00 X 127123 0 0 ALEXANDER WAGGONER HIGHLY COMP 40.00 X 113997 0 0 835683 5 false true false 237724 33753 4395384 108877 4775738 CONSULTING SERVICES 900099 446651 446651 LOAN ORIGINATION FEES 900099 51091 51091 497742 512126 292569 219557 33753 9661 -9661 5775945 790311 219557 594563 490121 82928 21514 428684 353379 59793 15512 10139 9879 230 30 9904 8757 1028 119 13500 11144 1864 492 16334 13857 1960 517 3552 1830 161 1561 4838 2479 383 1976 7384 6096 1019 269 2606 2245 325 36 5464 4754 562 148 100000 100000 7897 6635 998 264 DUES AND SUBSCRIPTIONS 7666 6328 1058 280 ANNUAL FUNDRAISING DIRECT 6184 6184 CUSTODIAL 2381 1965 329 87 TELEPHONE 1790 1478 247 65 -4600 3919 984 -9503 1218286 1024866 153869 39551 10153531 5386538 2957470 209751 157939 14395168 20842622 24758450 29344569 78909 16121 5000000 5000000 58765 5078909 5074886 X 19258182 22566432 421359 1703251 19679541 24269683 24758450 29344569 X 4557659 84493 -52010 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PROGRAM LOANS 19153321 C INTEREST RECEIVABLE 1689301 C 20842622 COMPENSATED ABSENCES 58765 58765 5870099 84493 9661 94154 5775945 5775945 1227947 9661 9661 1218286 1218286 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 ANNUAL EVENT 33753 33753 1000 4637 4024 33753 33753 1000 4637 4024 9661 -9661 X X X false false false false false false false false false ARMANDO SANCHEZ EXECUTIVE DIRECTOR 232066 232066 TIM DAVIS DIR. CON. SERVICES 185000 185000 BORIS VATKIN DIR. HOUSING PRGMS 177497 177497 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 HEART-SV 2905 S EL CAMINO REAL SAN MATEO CA 94403 931656528 COMMUNITY CA 501C3 6 N/A false false false false true false false false false false false false false false true true false false false false HEART-SV D 1900000 COST HEART-SV R 128534 COST HEART-SV S 720699 COST HEART-SV A 46753