HOUSING ENDOWMENT AND REGIONAL TRU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ARMANDO SANCHEZ

Phone

6502045640

Tax Period

2024-07-01 to 2025-06-30

HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY, founded in 2005, is a community nonprofit in the Religion sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 79% operating margin.

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

Program Service Accomplishments

Program 1

Expenses: $1,024,866 Revenue: $497,742

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.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,775,738

Program Service Revenue $497,742

Investment Income $512,126

Other Revenue $-9,661

TOTAL REVENUE $5,775,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,386

Fundraising Expenses $39,551

Program Expenses $1,024,866

Other Expenses $184,900

TOTAL EXPENSES $1,218,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,775,945	$3,541,082	+0.6%
Expenses	$1,218,286	$1,008,074	+0.2%
Net Income	$4,557,659	$2,533,008	+0.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$594,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BROWNRIGG	CHAIR	1.00	Officer Director	$0	$0	$0
DIANE HOWARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLENN R SYLVESTER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
BART PANTOJA	DIRECTOR	1.00	Director	$0	$0	$0
KARYL ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY FRANZELLA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MAGEE	DIRECTOR	1.00	Director	$0	$0	$0
ELAN SCHEINMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOREHEAD	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE BREEZE	DIRECTOR	1.00	Director	$0	$0	$0
ANDERS FUNG	DIRECTOR	1.00	Director	$0	$0	$0
LISA DIAZ NASH	DIRECTOR	1.00	Director	$0	$0	$0
MARY BIER	DIRECTOR	1.00	Director	$0	$0	$0
NOELIA CORZO	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF LENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARA MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
LISA GAUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO SANCHEZ	EXECUTIVE DI	40.00	Officer	$232,066	$0	$232,066
TIM DAVIS	DIR. CON. SE	40.00	Officer	$185,000	$0	$185,000
BORIS VATKIN	DIR. HOUSING	40.00	Officer	$177,497	$0	$177,497
MACKENZIE HART	HIGHLY COMP	40.00	Highest	$127,123	$0	$127,123
ALEXANDER WAGGONER	HIGHLY COMP	40.00	Highest	$113,997	$0	$113,997

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	$5,775,945	$1,218,286	$29,344,569	$4,557,659
2024	No data	No data	No data	No data
2023	$2,481,141	$764,259	$21,828,923	$1,716,882
2022	$4,535,026	$583,715	$20,097,553	$3,951,311
2021	$848,300	$631,932	$15,081,965	$216,368

HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY