Overview
What is The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund is a nonprofit organization based in San Francisco, California, dedicated to supporting affordable housing, community development, and economic development for economically disadvantaged individuals and communities in California. Through lending, investing, and direct acquisitions, the fund aims to provide sustainable housing solutions. In the fiscal year, the organization supported seven small and big sites properties, preserving over 125 units, and closed a predevelopment loan to Mercy Housing California for a new project offering affordable housing and supportive services for the homeless. Additionally, the fund made significant progress on a prototype project, with all units fully leased and occupied, and began identifying potential sites for a second new construction, permanent supportive housing project.
Official website here: www.sfhaf.org
Is The San Francisco Housing Accelerator Fund legitimate?
The San Francisco Housing Accelerator Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The San Francisco Housing Accelerator Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $681,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,813
For more financial information, click here
Official website here: www.sfhaf.org
What is the mission statement of The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund is dedicated to supporting affordable housing, community development, and economic development for economically disadvantaged individuals and communities. They achieve this by lending to, investing in, and directly acquiring affordable housing and related community development real estate assets. In their anti-displacement lending program, they have supported the expansion of small and big sites programs, preserving over 125 additional units. Through their underutilized land acquisition and bridge loan program, they have closed a predevelopment loan to Mercy Housing California, adding 73 units of affordable housing for families below 30% Area Median Income (AMI). The Fund celebrated major milestones in their permanent supportive housing investment and lending program, launching a new loan product to support the permanent affordability of 80 units of SRO-style housing and making significant progress on their prototype project.
Official website here: www.sfhaf.org
Who is the CEO of The San Francisco Housing Accelerator Fund?
Tamar Dorfman is the Director of The San Francisco Housing Accelerator Fund. The CEO's salary of The San Francisco Housing Accelerator Fund is $253,460 and their total compensation is $255,976.
Official website here: www.sfhaf.org
What is the revenue of The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund's revenue in 2022 was $23,702,565.
Official website here: www.sfhaf.org
Who are the executives of The San Francisco Housing Accelerator Fund and what are their salaries?
The average compensation at The San Francisco Housing Accelerator Fund during 2022 was $168,829. There are 7 employees at The San Francisco Housing Accelerator Fund.
Here are 13 key members and their salaries (The San Francisco Housing Accelerator Fund's CEO's salary is $253,460 and their total compensation is $255,976):
- Rebecca Foster (Ceo)
- Kate Hartley (Chief Lending & Investment)
- Tamar Dorfman (Cfo)
- Adhi Nagraj (Director)
- Anagha Dandekar Clifford (Director)
- Brigitt Jandreau (Director)
- Ernest Brown (Director)
- Lydia Tan (Board Secretary) [Trustee/Director]
- Meg Spriggs (Board President) [Trustee/Director]
- Nina Hatvany (Director)
- Pablo Bravo (Director)
- Rich Gross (Director)
- Tyler Van Gundy (Board Treasurer) [Trustee/Director]
Official website here: www.sfhaf.org
Where can I find the form 990 for The San Francisco Housing Accelerator Fund?
The The San Francisco Housing Accelerator Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sfhaf.org
Learn more at the official website: www.sfhaf.org
Mission Statement of The San Francisco Housing Accelerator Fund
The San Francisco Housing Accelerator Fund, a corporation dedicated to affordable housing, community development, and economic development for California's economically disadvantaged individuals and communities, fulfills its mission by lending to, investing in, and directly acquiring affordable housing and related community development real estate assets. Through its Anti-Displacement Lending Program, the Fund supported the expansion of small and big sites programs throughout the city, preserving over 125 additional units of affordable housing. Additionally, the Fund's Underutilized Land Acquisition and Bridge Loan Program celebrated the closing of a predevelopment loan to Mercy Housing California, which will facilitate the development of a new programming and services space for the Homeless Prenatal Program and add 73 units of affordable housing, half of which will support families below the 30% Area Median Income (AMI). The Fund also made significant progress on its prototype project, the Tahanan, with all units being fully leased and occupied by Q3, and started the process of identifying potential sites for a second new construction, permanent supportive housing (PSH) project. The Fund's Wholly Owned Subsidiary, Homes for the Homeless Fund, continued to make progress on the Tahanan project, with funds starting to revolve from this project. By the close of the reporting period, the Fund extended a small predevelopment loan to Mercy Housing California to support predevelopment expenses for a new potential PSH project located on the borders of the Mission and Bernal Heights neighborhoods.
Impact
This information is meant to be a general summary of The San Francisco Housing Accelerator Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The San Francisco Housing Accelerator Fund has made a significant impact in the area of affordable housing and community development in San Francisco, California. Through its various programs and initiatives, the Fund has supported the preservation and creation of affordable housing units for economically disadvantaged individuals and communities.
One notable impact of the Fund is its support for the acquisition of small and big sites properties, which has led to the preservation of over 125 affordable housing units in the city. Additionally, with its underutilized land acquisition and bridge loan program, the Fund has provided financial support for the development of new affordable housing units, including units designated for families below 30% area median income (AMI).
Furthermore, the Fund has made strides in supporting permanent supportive housing projects, including the development of SRO-style housing units for households that have experienced homelessness. Through its subsidiary, the Fund has successfully leased and occupied housing units in projects like the Tahanan at 833 Bryant Street.
Overall, The San Francisco Housing Accelerator Fund's impact can be seen in its dedication to providing affordable housing options, supporting community development, and empowering economically disadvantaged individuals and communities in San Francisco.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT LOAN INTEREST EARNINGS
Revenue
$3,556,001
ORIGINATION FEE INCOME
Revenue
$773,853
CONTRACTS REVENUE
Revenue
$639,676
UPSIZE FEE INCOME
Revenue
$221,164
OTHER INCOME
Revenue
$147,000
Organization Details
Founding Year
2002
Phone
(415) 663-6938
Principal Officer
Tamar Dorfman
Main Address
244 KEARNY ST 5TH FLOOR, SAN FRANCISCO, CA, 94108
Website
www.sfhaf.org
NTEE Category
Code: L20 - Housing
If you are a representative of The San Francisco Housing Accelerator Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.