HOUSING TRUST FUND OF SANTA BARBARA COUNTY INC

EIN: 432007672 501(c)(3) Philanthropy & Grantmaking

SANTA BARBARA, CA

Total Revenue
$1,697,196
Total Expenses
$572,843
Total Assets
$10,258,382
Net Assets
$8,095,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
LUIS VILLEGAS
Phone
8057705261
Tax Period
2023-07-01 to 2024-06-30

HOUSING TRUST FUND OF SANTA BARBARA COUNTY INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 66% operating margin.

Mission

THE HOUSING TRUST FUND'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES (CONTINUED ON SCH O) TO LOW, MODERATE AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,107,000
Program Service Revenue $580,574
Investment Income $9,622
Other Revenue $0
TOTAL REVENUE $1,697,196

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,255
Fundraising Expenses $7,581
Program Expenses $510,184
Other Expenses $296,588
TOTAL EXPENSES $572,843

Year-over-Year Comparison

2023 2022 Change
Revenue $1,697,196 $2,600,034 -0.3%
Expenses $572,843 $553,405 +0.0%
Net Income $1,124,353 $2,046,629 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
3
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$140,595
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T BENNETT PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
JESSICA WISHAN SECRETARY 1.00
Officer Director
$0 $0 $0
SYLVIA BARNARD DIRECTOR 1.00
Director
$0 $0 $0
SHERYL FLORES DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN MILLER DIRECTOR 1.00
Director
$0 $0 $0
CODY SARGEANT VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LUIS VILLEGAS CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANTOINETTE MCCAULEY TREASURER 1.00
Officer Director
$0 $0 $0
ROSA PAREDES DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER MCGOVERN PRESIDENT & CEO 40.00
Officer
$124,410 $16,185 $140,595
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,697,196 $572,843 $10,258,382 $1,124,353
2023 $2,600,034 $553,405 $9,082,303 $2,046,629
2022 $1,232,471 $549,250 $7,841,934 $683,221
2021 $393,525 $383,002 $6,845,810 $10,523
2020 $373,787 $335,697 $6,402,713 $38,090
2019 $318,683 $312,415 $6,383,016 $6,268
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