Nonprofit · EIN 46-5081042
UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION
Tax-exempt · OAKLAND, CA 94607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $66,481,874 | $74,773,634 | -$8,291,760 | $1,739,382,728 | $1,717,032,201 | $22,350,527 |
| June 30, 2024 | 990 | $38,906,720 | $49,837,201 | -$10,930,481 | $1,472,967,255 | $1,442,324,968 | $30,642,287 |
| June 30, 2023 | 990 | $23,882,920 | $24,669,700 | -$786,780 | $989,896,455 | $948,323,687 | $41,572,768 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $64,894,884
- Investment income
- $0
- Other revenue
- $1,586,990
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $59,627
- Program services (functional)
- $74,714,007
- Management and general (functional)
- $59,627
Balance sheet and other
- Total assets, start of year
- $1,472,967,255
- Total assets, end of year
- $1,739,382,728
- Total liabilities, end of year
- $1,717,032,201
- Net assets, end of year
- $22,350,527
- Net assets without donor restrictions
- $22,350,527
- Gross receipts
- $66,481,874
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DRAKE | PRESIDENT, DIRECTOR Trustee or director, Officer | 0.5 | $0 | $1,269,260 | $71,399 |
| NATHAN BROSTROM | CHAIR OF THE BOARD, DIRECTOR Trustee or director, Officer | 1 | $0 | $589,974 | $104,614 |
| CHARLES ROBINSON | DIRECTOR, SECRETARY Trustee or director, Officer | 1.5 | $0 | $556,801 | $107,983 |
| KATHERINE NEWMAN | DIRECTOR Trustee or director | 0.5 | $0 | $617,987 | $40,526 |
| RACHAEL NAVA | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 0.5 | $0 | $508,197 | $110,151 |
| JENNIFER ANN MAYS | TREASURER Officer | 1.5 | $0 | $166,363 | $30,935 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAGDEEP BACHHER | FORMER OFFICER Former | 0 | $0 | $1,960,101 | $117,969 |
| MICHAEL V DRAKE | DIRECTOR Trustee or director | 0.5 | $0 | $983,546 | $62,464 |
| NATHAN BROSTROM | CHAIR OF THE BOARD, DIRECTOR Trustee or director, Officer | 1.5 | $0 | $542,701 | $97,274 |
| CHARLES F ROBINSON | DIRECTOR, SECRETARY Trustee or director, Officer | 0.5 | $0 | $534,844 | $105,058 |
| KATHERINE S NEWMAN | DIRECTOR (AS OF 12/23) Trustee or director | 0.5 | $0 | $549,789 | $44,994 |
| RACHAEL NAVA | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 1.5 | $0 | $467,915 | $92,038 |
| JENNIFER MAYS | TREASURER Officer | 1.5 | $0 | $164,624 | $29,430 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAGDEEP BACHHER | CHIEF FINANCIAL OFFICER, DIRECTOR Trustee or director, Officer | 1 | $0 | $2,038,959 | $152,665 |
| MICHAEL V DRAKE | DIRECTOR Trustee or director | 0.5 | $0 | $943,384 | $125,508 |
| CHARLES F ROBINSON | DIRECTOR, SECRETARY Trustee or director, Officer | 0.5 | $0 | $513,964 | $163,559 |
| NATHAN BROSTROM | CHAIR OF THE BOARD, DIRECTOR Trustee or director, Officer | 1.5 | $0 | $477,600 | $146,033 |
| RACHAEL NAVA | VICE PRESIDENT, DIRECTOR Trustee or director, Officer | 1.5 | $0 | $414,276 | $129,998 |
Address and contacts
- Address (IRS master file)
- 1111 FRANKLIN ST, OAKLAND, CA 94607-5201
- Principal officer (990 for 2024)
- NATHAN BROSTROM, 1111 FRANKLIN STREET, OAKLAND, CA 94607
- Signed the 990
- NATHAN BROSTROM, CHAIR OF THE BOARD
- Phone
- (510) 287-3337
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 46-5081042 or by the name UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE ORGANIZATION PERFORMS THE LOAN ORIGINATION FUNCTIONS ASSOCIATEDWITH THE UNIVERSITY OF CALIFORNIA'S HOUSING ASSISTANCE PROGRAM. THEMISSION OF THE PROGRAM IS TO PROVIDE MORTGAGE LOAN ASSISTANCE INSUPPORT OF THE RECRUITMENT AND RETENTION OF FACULTY AND SENIORMANAGERS.
Program accomplishments
- SEE SCHEDULE OTHE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION (UCHLP) ADMINISTERS THE MORTGAGE LENDING ACTIVITIES OF THE UNIVERSITY OF THE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION (UCHLP) CALIFORNIA'S MORTGAGE PROGRAM FOR FACULTY AND CERTAIN SENIOR MANAGERS. THE DAILY ACTIVITIES OF UCHLP ARE CARRIED OUT BY EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA'S OFFICE OF LOAN PROGRAMS PURSUANT TO A SERVICES AGREEMENT BETWEEN UCHLP AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, 371 FIRST DEED MORTGAGES WERE FUNDED WITH AN AGGREGATE DOLLAR AMOUNT OF $358.6 MILLION, AND 121 SECOND TRUST DEED MORTGAGES WERE FUNDED WITH AN AGGREGATE DOLLAR AMOUNT OF $13.02 MILLION. THE PRIMARY EXPENSE ASSOCIATED WITH THE CORPORATION IS INTEREST EXPENSE ON ADVANCES FROM THE UNIVERSITY.Expenses $74,714,007 · revenue $64,894,884
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5081042
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $1,739,382,728
- Income (IRS master file)
- $66,481,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $66,481,874 | $74,773,634 | $1,739,382,728 | IRS |
| 990 | June 2024 | $38,906,720 | $49,837,201 | $1,472,967,255 | IRS |
| 990 | June 2023 | $23,882,920 | $24,669,700 | $989,896,455 | XML |
| 990 | June 2022 | $21,026,727 | $9,864,970 | $734,401,469 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5081042).
Questions about UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION
- What is the EIN of UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION?
- The employer identification number (EIN) of UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION is 46-5081042.
- Is UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION?
- The 990 for the year ended June 30, 2025 names NATHAN BROSTROM.
- Who are the officers and directors of UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $66,481,874, expenses of $74,773,634 and total assets of $1,739,382,728 at year end.
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