San Mateo, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HIP Housing Development Corporation, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 11% operating deficit.
To alleviate and improve the housing condition of the needy, physically or mentally handicapped, elderly persons and others whose housing needs are not being adequately met in San Mateo County, CA.
The corporation operates thirteen apartment buildings in San Mateo county consisting of 140 units for low and moderate income persons.
The corporation serves as a general partner in two limited partnerships which provide 92 units of low-income housing in San Mateo, California. The corporation also serves as the 79% owner of a C...
The corporation serves as a general partner in two limited partnerships which provide 92 units of low-income housing in San Mateo, California. The corporation also serves as the 79% owner of a C Corporation and the sole owner of a Limited Liability Company. Both of these entities serve as a general partner in limited partnerships which provide 75 units of low-income housing in Redwood City, California.
The corporation sponsors construction and management of low and moderate income housing projects in San Mateo County.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,126,040 | $3,312,065 | +0.5% |
| Expenses | $5,682,896 | $18,012,891 | -0.7% |
| Net Income | $-556,856 | $-14,700,826 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lauren Boro | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Nancy Bush | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Dianne Whitaker | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Aaron Aknin | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Latisa Brooks | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Kate Comfort Harr | Executive Director | 16.00 |
Officer
|
$79,599 | $29,794 | $244,588 |
| Ghion Dessie | VP of Finance | 16.00 |
Officer
|
$47,807 | $17,080 | $201,448 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,126,040 | $5,682,896 | $14,545,108 | $-556,856 |
| 2024 | $3,312,065 | $18,012,891 | $15,054,424 | $-14,700,826 |
| 2023 | $3,309,128 | $4,707,438 | $29,594,301 | $-1,398,310 |
| 2022 | $17,027,307 | $5,025,916 | $30,487,933 | $12,001,391 |
| 2021 | $4,922,807 | $3,718,635 | $16,006,101 | $1,204,172 |
| 2020 | $5,204,488 | $3,432,782 | $7,280,078 | $1,771,706 |
| 2019 | $2,929,891 | $3,319,581 | $5,415,534 | $-389,690 |
| 2018 | $2,297,935 | $3,097,522 | $26,996,709 | $-799,587 |
Compare HIP Housing Development Corporation with other nonprofits in California and across the country.