Overview
What is The University Of California Home Loan Program Corporation?
The University of California Home Loan Program Corporation (UCHLP) is a nonprofit organization based in Oakland, California, responsible for administering the mortgage lending activities of the University of California's housing assistance program. The corporation's mission is to provide mortgage loan assistance in support of faculty and senior managers' recruitment and retention. Daily operations are carried out by employees of the University of California's Office of Loan Programs under a services agreement between UCHLP and the Regents of the University of California. In the fiscal year ending June 30, 2022, 104 first deed mortgages were funded with an aggregate dollar amount of $92.9 million, while 24 second trust deed mortgages received funding totaling $953,500. The primary expense associated with the corporation is interest expense on advances from the University.
Official website here: www.ucop.edu/loan-programs/corporation/
Is The University Of California Home Loan Program Corporation legitimate?
The University Of California Home Loan Program Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of California Home Loan Program Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ucop.edu/loan-programs/corporation/
What is the mission statement of The University Of California Home Loan Program Corporation?
The University of California Home Loan Program Corporation carries out the loan origination functions for the University of California's housing assistance program. The program's mission is to offer mortgage loan assistance, aiding in the recruitment and retention of faculty and senior managers within the university. The corporation administers the mortgage lending activities, with employees of the University of California's Office of Loan Programs executing the daily operations under a services agreement between the corporation and the university regulators. In the fiscal year ending June 30, 2022, 104 first deed mortgages were funded with a combined sum of $92.9 million, while 24 second trust deed mortgages were funded with an aggregate amount of $953,500. The primary expense for the corporation primarily consists of interest expenses on advances from the university.
Official website here: www.ucop.edu/loan-programs/corporation/
Who is the CEO of The University Of California Home Loan Program Corporation?
Nathan Brostrom is the Chief Financial Officer, Director of The University Of California Home Loan Program Corporation.
Official website here: www.ucop.edu/loan-programs/corporation/
What is the revenue of The University Of California Home Loan Program Corporation?
The University Of California Home Loan Program Corporation's revenue in 2022 was $21,026,727.
Official website here: www.ucop.edu/loan-programs/corporation/
Who are the executives of The University Of California Home Loan Program Corporation and what are their salaries?
- Jagdeep Bachher (Chief Financial Officer, Director)
- Michael V Drake (Director)
- Charles F Robinson (Director, Secretary)
- Nathan Brostrom (Chair Of The Board, Director)
- Rachael Nava (Vice President, Director)
Official website here: www.ucop.edu/loan-programs/corporation/
Where can I find the form 990 for The University Of California Home Loan Program Corporation?
The The University Of California Home Loan Program Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ucop.edu/loan-programs/corporation/
Learn more at the official website: www.ucop.edu/loan-programs/corporation/
Mission Statement of The University Of California Home Loan Program Corporation
The University of California Home Loan Program Corporation (UCHLP) plays a crucial role in supporting the University of California's housing assistance program by performing the loan origination functions. This nonprofit organization is dedicated to furthering the mission of the University of California's housing program, which aims to provide mortgage loan assistance in order to facilitate the recruitment and retention of faculty and senior managers.
In essence, UCHLP acts as an intermediary in administering the mortgage lending activities of the University of California. The daily operations of UCHLP are carried out by employees of the University of California's Office of Loan Programs, as outlined in a services agreement between UCHLP and the Regents of the University of California. During the fiscal year ending June 30, 2022, UCHLP funded 104 first deed mortgages with an aggregate dollar amount of $92.9 million and 24 second trust deed mortgages with an aggregate dollar amount of $953,500. The primary expense associated with the corporation is the interest expense on advances from the University. By providing mortgage loan assistance, the University of California Home Loan Program Corporation helps attract and retain top talent, ensuring the continued success and excellence of the university.
Impact
This information is meant to be a general summary of The University Of California Home Loan Program Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The University of California Home Loan Program Corporation's impact lies in facilitating the mortgage lending activities of the University of California's housing assistance program. By providing mortgage loan assistance, the organization supports the recruitment and retention of faculty and senior managers within the university system. Through its operations, the corporation contributes to the stability and well-being of these key academic and administrative personnel, ultimately enhancing the educational environment and organizational effectiveness of the University of California.
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.
INTEREST FROM LOANS
Revenue
$19,257,314
ADMINISTRATIVE FEE
Revenue
$1,769,413
Organization Details
Founding Year
2014
Phone
(510) 287-3337
Principal Officer
Nathan Brostrom
Main Address
1111 FRANKLIN STREET, OAKLAND, CA, 94607
NTEE Category
Code: B19 - Education
If you are a representative of The University Of California Home Loan Program Corporation 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.