Overview
What is Housing Endowment And Regional Trust Of San Mateo County?
Housing Endowment and Regional Trust of San Mateo County is a nonprofit organization dedicated to addressing the critical housing needs in San Mateo County. They accomplish this mission by raising both public and private funds, subsequently investing these resources in affordable housing developments for low and moderate-income individuals. Additionally, the organization extends financial aid in the form of loans to first-time homebuyers. In practical terms, Housing Endowment and Regional Trust of San Mateo County has provided funding for various projects, including a $3.8 million long-term loan to construct 225 affordable units, a renewal of a short-term loan for a 75-unit development, and a short-term loan to rehabilitate a 32-unit affordable housing project. The organization also generates revenue from loan interest and fees.
Official website here: www.heartofsmc.org
Is Housing Endowment And Regional Trust Of San Mateo County legitimate?
Housing Endowment And Regional Trust Of San Mateo County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Endowment And Regional Trust Of San Mateo County 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: $192,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,944
For more financial information, click here
Official website here: www.heartofsmc.org
What is the mission statement of Housing Endowment And Regional Trust Of San Mateo County?
The Housing Endowment And Regional Trust of San Mateo County's mission is centered around addressing critical housing needs. They accomplish this by raising both public and private funds, which they then invest in affordable housing developments for low and moderate-income individuals. Additionally, they offer loans to first-time homebuyers. Their activities involve marketing, underwriting, committing, closing, monitoring, and servicing loans to create or preserve affordable housing. As of the provided information, they have made long-term and short-term loans for various affordable housing projects, generating income from loan interest and fees.
Official website here: www.heartofsmc.org
Who is the CEO of Housing Endowment And Regional Trust Of San Mateo County?
Armando Sanchez is the Executive Dir. of Housing Endowment And Regional Trust Of San Mateo County.
Official website here: www.heartofsmc.org
What is the revenue of Housing Endowment And Regional Trust Of San Mateo County?
Housing Endowment And Regional Trust Of San Mateo County's revenue in 2022 was $4,535,026.
Official website here: www.heartofsmc.org
Who are the executives of Housing Endowment And Regional Trust Of San Mateo County and what are their salaries?
- Armando Sanchez (Executive Dir.)
- Dave Hopkins (Director)
- Jack Matthews (Director)
- Karyl Eldridge (Director)
- Larry Franzella (Director)
- Nancy Magee (Director)
- Pam Frisella (Director)
- Robert Morehead (Director)
- Anne Oliva (Director)
- Deborah Penrose (Director)
- Diane Howard (Director)
- Don Horsley (Director)
- Sam Hindi (Director)
- Glenn R Sylvester (Director)
- Mark Nagales (Director)
- Micahel Brownrigg (Director)
- Rick Bonilla (Director)
- Sara Mcdowell (Director)
- Warren Slocum (Director)
- Bart Pantoja (Director)
Official website here: www.heartofsmc.org
Where can I find the form 990 for Housing Endowment And Regional Trust Of San Mateo County?
The Housing Endowment And Regional Trust Of San Mateo County’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.heartofsmc.org
Learn more at the official website: www.heartofsmc.org
Mission Statement of Housing Endowment And Regional Trust Of San Mateo County
The Housing Endowment and Regional Trust of San Mateo County, often referred to as HEART, is a nonprofit organization dedicated to addressing critical housing needs. Its mission is twofold: firstly, it raises both public and private funds. Secondly, it invests these funds in affordable housing developments for individuals with low and moderate income levels, as well as providing loans to first-time homebuyers. By doing so, HEART plays a significant role in creating and preserving affordable housing options within the community.
In practical terms, HEART's activities involve marketing, underwriting, committing, closing, monitoring, and servicing loans to affordable housing developers. This comprehensive approach allows HEART to support a wide range of projects, from constructing new affordable housing units to rehabilitating existing ones. For instance, HEART has made a long-term loan of $3,800,000 to construct 225 affordable units, renewed a short-term loan for a 75-unit development, and provided a short-term loan for the rehabilitation of a 32-unit affordable housing project. The organization's efforts also yield financial returns, as evidenced by the $302,653 in loan interest and $20,897 in loan fees it has received.
Impact
This information is meant to be a general summary of Housing Endowment And Regional Trust Of San Mateo County. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Housing Endowment And Regional Trust Of San Mateo County drives a significant impact by addressing critical housing needs in San Mateo County through the raising of both public and private funds. It invests these funds in affordable housing developments for low and moderate-income individuals and provides loans to first-time homebuyers. Through its direct lending program, which encompasses various activities from marketing to servicing loans, HEART has facilitated the construction of affordable units, the rehabilitation of housing projects, and the support of developments benefiting the community. These efforts contribute substantially to the availability of affordable housing options and the stability of housing for those in need within the county.
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.
LOAN ORIGINATION FEE
Revenue
$23,078
Organization Details
Founding Year
2005
Phone
(650) 204-5640
Principal Officer
Armando Sanchez
Main Address
2905 S El Camino Real, San Mateo, CA, 94403
Website
www.heartofsmc.org
NTEE Category
Code: X20 - Religion related
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