HOUSING INDUSTRY FOUNDATION

EIN: 943100671 501(c)(3) Unknown

PALO ALTO, CA

Total Revenue
$3,386,938
Total Expenses
$3,548,552
Total Assets
$1,507,594
Net Assets
$1,500,322
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
BARBIE CSORE
Phone
6504390049
Tax Period
2024-01-01 to 2024-12-31

HOUSING INDUSTRY FOUNDATION, founded in 1989, is a community nonprofit in the Unknown sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO HELP INDIVIDUALS AND FAMILIES REMAIN IN OR RETURN TO STABLE HOUSING THROUGH OUR HOMELESS PREVENTION PROGRAMS INCLUDING EMERGENCY ASSISTANCE GRANTS, SHELTER RENOVATIONS AND AFFORDABLE HOUSING INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $209,963 Revenue: $1,534,396

EMERGENCY HOUSING GRANTS:HOUSING INDUSTRY FOUNDATION BELIEVES THAT OUR TEACHERS, SOCIAL WORKERS, HEALTH CARE PROFESSIONALS AND FIRST RESPONDERS SHOULD BE ABLE TO LIVE AND THRIVE IN THE COMMUNITIES...

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EMERGENCY HOUSING GRANTS:HOUSING INDUSTRY FOUNDATION BELIEVES THAT OUR TEACHERS, SOCIAL WORKERS, HEALTH CARE PROFESSIONALS AND FIRST RESPONDERS SHOULD BE ABLE TO LIVE AND THRIVE IN THE COMMUNITIES THEY SERVE. IN PARTNERSHIP WITH OUR EXTENSIVE NETWORK OF HOUSING PROVIDERS, HIF IS ABLE TO PROVIDE THESE UNITS AT UP TO 50% BELOW MARKET RATE FOR UP TO THREE YEARS FOR WORKING FAMILIES IN SANTA CLARA AND SAN MATEO COUNTIES, CALIFORNIA. WE CONNECT THESE ESSENTIAL WORKERS TO AFFORDABLE UNITS, SAVING FAMILIES ON AVERAGE $12,000 A YEAR ON RENT.

Program 2
Expenses: $1,861,490

EMERGENCY DISASTER RESPONSE: HOUSING FUND OFFERS A BRIDGE BETWEEN CRISIS AND STABILITY FOR LOW INCOME HOUSEHOLDS THREATENED WITH HOMELESSNESS AFTER UNFORESEEN AND TEMPORARY FINANCIAL SETBACKS...

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EMERGENCY DISASTER RESPONSE: HOUSING FUND OFFERS A BRIDGE BETWEEN CRISIS AND STABILITY FOR LOW INCOME HOUSEHOLDS THREATENED WITH HOMELESSNESS AFTER UNFORESEEN AND TEMPORARY FINANCIAL SETBACKS (INCLUDING JOB LOSS, MEDICAL BILLS OR A DEATH IN THE FAMILY). OUR TEAM PROCESSES APPLICATIONS VIA REFERRALS FROM COMMUNITY AGENCIES THAT PROVIDE ADDITIONAL SUPPORTIVE SERVICES FOR FAMILIES IN NEED IN SANTA CLARA AND SAN MATEO COUNTIES, CALIFORNIA.

Program 3
Expenses: $904,071

RENOVATION PROGRAM:HOUSING FUND SUPPORTS NONPROFIT AGENCIES SERVING SAN MATEO AND SANTA CLARA COUNTIES IN CALIFORNIA THAT PROVIDE TEMPORARY, TRANSITIONAL AND PERMANENT HOUSING FOR INDIVIDUALS AND...

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RENOVATION PROGRAM:HOUSING FUND SUPPORTS NONPROFIT AGENCIES SERVING SAN MATEO AND SANTA CLARA COUNTIES IN CALIFORNIA THAT PROVIDE TEMPORARY, TRANSITIONAL AND PERMANENT HOUSING FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS. LEVERAGING OUR VAST NETWORK AND RESOURCES WITHIN THE MULTIFAMILY INDUSTRY, HIF COMPLETES SMALL AND LARGE-SCALE RENOVATIONS AT NO COST TO OUR GRANTEES, ALLOWING THESE ORGANIZATIONS TO FOCUS THEIR BUDGETS ON THE CLIENTS AND COMMUNITIES THEY SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,109,868
Program Service Revenue $1,534,396
Investment Income $10,769
Other Revenue $731,905
TOTAL REVENUE $3,386,938

Expense Breakdown

Grants Paid $1,621,753
Salaries & Benefits $834,474
Fundraising Expenses $385,206
Program Expenses $2,975,524
Other Expenses $1,092,325
TOTAL EXPENSES $3,548,552

Year-over-Year Comparison

2024 2023 Change
Revenue $3,386,938 $3,587,576 -0.1%
Expenses $3,548,552 $3,283,504 +0.1%
Net Income $-161,614 $304,072 -1.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
34
Independent Members
34
Employees
8
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
6
$191,804
Total Directors
35
$191,804
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SULLIVAN EXECUTIVE DIRECTOR (THRU 8/24) 40.00
Officer Director
$168,695 $23,109 $191,804
ROD EDWARDS PRESIDENT 2.00
Officer Director
$0 $0 $0
NAZAR ELWAZIR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
WENDY JOHNSON SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF RADZINSKI TREASURER/CFO 2.00
Officer Director
$0 $0 $0
TOD SPIEKER PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
JAMIE D'ALESSANDRO DIRECTOR 1.00
Director
$0 $0 $0
DAXX ESPARZA DIRECTOR 1.00
Director
$0 $0 $0
RYAN RUSLER DIRECTOR 1.00
Director
$0 $0 $0
JANICE BERTHOLD DIRECTOR 1.00
Director
$0 $0 $0
CARRIE CAUDILL DIRECTOR 1.00
Director
$0 $0 $0
DAVE EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
BRANDON GERALDO DIRECTOR 1.00
Director
$0 $0 $0
EVAN GOLDIN DIRECTOR 1.00
Director
$0 $0 $0
COLIN GRAY DIRECTOR 1.00
Director
$0 $0 $0
CHAD FROMAN DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA HOWARD DIRECTOR 1.00
Director
$0 $0 $0
DARRIN KETTER DIRECTOR 1.00
Director
$0 $0 $0
KELLIE MEIER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PETER DIRECTOR 1.00
Director
$0 $0 $0
GINA PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
LYNN PIERCE DIRECTOR 1.00
Director
$0 $0 $0
DAVID SAARMAN DIRECTOR 1.00
Director
$0 $0 $0
SERVANDO SANDOVAL DIRECTOR 1.00
Director
$0 $0 $0
OLIVIER SEVERIN DIRECTOR 1.00
Director
$0 $0 $0
CLINT SHOLL DIRECTOR 1.00
Director
$0 $0 $0
GINA SPADA DIRECTOR 1.00
Director
$0 $0 $0
LA TRICE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
ATHENA THOMAS DIRECTOR 1.00
Director
$0 $0 $0
MEG THOMAS DIRECTOR 1.00
Director
$0 $0 $0
JACKIE TODESCO DIRECTOR 1.00
Director
$0 $0 $0
JERRID VANNELLI DIRECTOR 1.00
Director
$0 $0 $0
NICOLE VASQUEZ DIRECTOR 1.00
Director
$0 $0 $0
HEATHER WALLACE DIRECTOR 1.00
Director
$0 $0 $0
DAN WHELAN DIRECTOR 1.00
Director
$0 $0 $0
BARBIE CSORE MANAGING DIRECTOR 1.00
Highest
$138,665 $6,806 $145,471
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
2024 $3,386,938 $3,548,552 $1,507,594 $-161,614
2023 $3,587,576 $3,283,504 $1,648,743 $304,072
2022 $3,054,967 $3,316,252 $1,327,147 $-261,285
2021 $2,238,665 $2,095,876 $1,026,442 $142,789
2020 $1,952,082 $2,108,112 $873,637 $-156,030
2019 $1,525,528 $922,639 $1,013,700 $602,889
2018 $1,094,345 $1,239,571 $394,552 $-145,226
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