Nonprofit · EIN 72-1589835
HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY
Also known as HOUSING ENDOWMENT & REGIONAL TR
Tax-exempt · SAN MATEO, CA 94403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,775,945 | $1,218,286 | $4,557,659 | $29,344,569 | $5,074,886 | $24,269,683 |
| June 30, 2024 | 990 | $3,541,082 | $1,008,074 | $2,533,008 | $24,758,451 | $5,078,910 | $19,679,541 |
| June 30, 2023 | 990 | $2,481,141 | $764,259 | $1,716,882 | $21,828,923 | $4,682,390 | $17,146,533 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,775,738
- of which government grants
- $4,395,384
- Membership dues
- $237,724
- Program service revenue
- $497,742
- Investment income
- $512,126
- Net income from fundraising events
- -$9,661
- Other revenue
- -$9,661
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $594,563
- Other salaries and wages
- $428,684
- Salaries, compensation and benefits (total)
- $1,033,386
- Professional fundraising fees
- $0
- Legal fees
- $9,904
- Accounting fees
- $13,500
- Occupancy
- $7,384
- Travel
- $2,606
- Program services (functional)
- $1,024,866
- Management and general (functional)
- $153,869
- Fundraising (functional)
- $39,551
Balance sheet and other
- Total assets, start of year
- $24,758,450
- Total assets, end of year
- $29,344,569
- Total liabilities, end of year
- $5,074,886
- Net assets, end of year
- $24,269,683
- Net assets without donor restrictions
- $22,566,432
- Net assets with donor restrictions
- $1,703,251
- Gross receipts
- $5,785,606
- Employees
- 9
- Year formed
- 2005
- 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 |
|---|---|---|---|
| ARMANDO SANCHEZ | EXECUTIVE DI Officer | 40 | $232,066 |
| TIM DAVIS | DIR. CON. SE Officer | 40 | $185,000 |
| BORIS VATKIN | DIR. HOUSING Officer | 40 | $177,497 |
| MACKENZIE HART | HIGHLY COMP Highest-paid employee | 40 | $127,123 |
| ALEXANDER WAGGONER | HIGHLY COMP Highest-paid employee | 40 | $113,997 |
| MICHAEL BROWNRIGG | CHAIR Trustee or director, Officer | 1 | $0 |
| DIANE HOWARD | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GLENN R SYLVESTER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVE HOPKINS | DIRECTOR Trustee or director | 1 | $0 |
| JACK MATTHEWS | DIRECTOR Trustee or director | 1 | $0 |
| BART PANTOJA | DIRECTOR Trustee or director | 1 | $0 |
| KARYL ELDRIDGE | DIRECTOR Trustee or director | 1 | $0 |
| LARRY FRANZELLA | DIRECTOR Trustee or director | 1 | $0 |
| NANCY MAGEE | DIRECTOR Trustee or director | 1 | $0 |
| ELAN SCHEINMAN | DIRECTOR Trustee or director | 1 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MOREHEAD | DIRECTOR Trustee or director | 1 | $0 |
| ELAINE BREEZE | DIRECTOR Trustee or director | 1 | $0 |
| ANDERS FUNG | DIRECTOR Trustee or director | 1 | $0 |
| LISA DIAZ NASH | DIRECTOR Trustee or director | 1 | $0 |
| MARY BIER | DIRECTOR Trustee or director | 1 | $0 |
| NOELIA CORZO | DIRECTOR Trustee or director | 1 | $0 |
| CLIFF LENTZ | DIRECTOR Trustee or director | 1 | $0 |
| JAMES COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| SARA MCDOWELL | DIRECTOR Trustee or director | 1 | $0 |
| LISA GAUTHIER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARMANDO SANCHEZ | Executive Dir. Officer | 40 | $212,000 |
| Tim Davis | Director of Consulting Services | 0 | $162,165 |
| Boris Vatkin | Director of Housing Programs | 0 | $154,719 |
| Dave Hopkins | Director Trustee or director | 1 | $0 |
| Jack Matthews | Director Trustee or director | 1 | $0 |
| Bart Pantoja | Director Trustee or director | 1 | $0 |
| Karyl Eldridge | Director Trustee or director | 1 | $0 |
| Anders Fung | Director Trustee or director | 1 | $0 |
| Larry Franzella | Director Trustee or director | 1 | $0 |
| Nancy Magee | Director Trustee or director | 1 | $0 |
| Noelia Corzo | Director Trustee or director | 1 | $0 |
| Robert Morehead | Director Trustee or director | 1 | $0 |
| Mary Bier | Director Trustee or director | 1 | $0 |
| Deborah Penrose | Director Trustee or director | 1 | $0 |
| Diane Howard | Director Trustee or director, Officer | 1 | $0 |
| James Coleman | Director Trustee or director | 1 | $0 |
| Sam Hindi | Director Trustee or director | 1 | $0 |
| Glenn R Sylvester | Director Trustee or director, Officer | 1 | $0 |
| Elaine Breeze | Director Trustee or director | 1 | $0 |
| Micahel Brownrigg | Director Trustee or director, Officer | 1 | $0 |
| Elan Scheinman | Director Trustee or director | 1 | $0 |
| Sara McDowell | Director Trustee or director | 1 | $0 |
| Warren Slocum | Director Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARMANDO SANCHEZ | Executive Dir. Officer | 40 | $214,026 |
| Dave Hopkins | Director Trustee or director | 1 | $0 |
| Jack Matthews | Director Trustee or director | 1 | $0 |
| Bart Pantoja | Director Trustee or director | 1 | $0 |
| Karyl Eldridge | Director Trustee or director | 1 | $0 |
| Anders Fung | Director Trustee or director | 1 | $0 |
| Larry Franzella | Director Trustee or director | 1 | $0 |
| Nancy Magee | Director Trustee or director | 1 | $0 |
| Noelia Corzo | Director Trustee or director | 1 | $0 |
| Robert Morehead | Director Trustee or director | 1 | $0 |
| Mary Bier | Director Trustee or director | 1 | $0 |
| Deborah Penrose | Director Trustee or director | 1 | $0 |
| Diane Howard | Director Trustee or director, Officer | 1 | $0 |
| Don Horsley | Director Trustee or director, Officer | 1 | $0 |
| Sam Hindi | Director Trustee or director | 1 | $0 |
| Glenn R Sylvester | Director Trustee or director, Officer | 1 | $0 |
| Mark Nagales | Director Trustee or director | 1 | $0 |
| Micahel Brownrigg | Director Trustee or director | 1 | $0 |
| Elan Scheinman | Director Trustee or director | 1 | $0 |
| Sara McDowell | Director Trustee or director | 1 | $0 |
| Warren Slocum | Director Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2905 S EL CAMINO REAL, SAN MATEO, CA 94403-2730
- In care of
- % HOUSING ENDOWMENT & REGIONAL TRUS
- Principal officer (990 for 2024)
- ARMANDO SANCHEZ, 2905 S EL CAMINO REAL, SAN MATEO, CA 94403
- Signed the 990
- ARMANDO SANCHEZ, EXECUTIVE DIRECTOR
- Phone
- (650) 204-5640
- Website
- WWW.HEARTOFSMC.ORG
- Return prepared by
- CHAVAN & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 72-1589835 or by the name HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY.
- 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
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 accomplishments
- 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.Expenses $1,024,866 · revenue $497,742
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
- 72-1589835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $29,344,569
- Income (IRS master file)
- $5,785,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,775,945 | $1,218,286 | $29,344,569 | IRS |
| 990 | June 2024 | $3,541,082 | $1,008,074 | $24,758,451 | IRS |
| 990 | June 2023 | $2,481,141 | $764,259 | $21,828,923 | XML |
| 990 | June 2022 | $4,535,026 | $583,715 | $20,097,553 | IRS |
| 990 | June 2021 | – | – | – | 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 72-1589835).
Questions about HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY
- What is the EIN of HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY?
- The employer identification number (EIN) of HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY is 72-1589835.
- Is HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY 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 HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY 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 HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY 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 HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY?
- The 990 for the year ended June 30, 2025 names ARMANDO SANCHEZ.
- Who are the officers and directors of HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY?
- The 990 for the year ended June 30, 2025 lists 25 people; 5 received compensation from the organization, the highest $232,066 (ARMANDO SANCHEZ, EXECUTIVE DI).
- How much revenue does HOUSING ENDOWMENT & TR OF SAN MATEO COUNTY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,775,945, expenses of $1,218,286 and total assets of $29,344,569 at year end.
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