Nonprofit · EIN 94-3159161
HIP HOUSING DEVELOPMENT CORPORATION
Tax-exempt · SAN MATEO, CA 94401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,126,040 | $5,682,896 | -$556,856 | $14,545,108 | $35,058,808 | -$20,513,700 |
| June 30, 2024 | 990 | $3,312,065 | $18,012,891 | -$14,700,826 | $15,054,424 | $35,190,174 | -$20,135,750 |
| June 30, 2023 | 990 | $3,309,128 | $4,707,438 | -$1,398,310 | $29,594,301 | $35,115,435 | -$5,521,134 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $184,096
- Program service revenue
- $3,132,852
- Investment income
- $1,809,092
- Net gain from sales of assets
- $1,563,456
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,580,816
- Compensation of officers, directors and key employees
- $127,406
- Other salaries and wages
- $341,985
- Salaries, compensation and benefits (total)
- $589,915
- Professional fundraising fees
- $0
- Legal fees
- $11,119
- Accounting fees
- $50,398
- Occupancy
- $339,118
- Travel
- $5,658
- Depreciation
- $1,046,117
- Program services (functional)
- $5,472,721
- Management and general (functional)
- $210,175
Balance sheet and other
- Total assets, start of year
- $15,054,424
- Total assets, end of year
- $14,545,108
- Total liabilities, end of year
- $35,058,808
- Net assets, end of year
- -$20,513,700
- Land, buildings and equipment
- $23,513,354
- Publicly traded securities
- $2,258,779
- Net assets without donor restrictions
- -$20,513,700
- Gross receipts
- $5,126,040
- Employees
- 3
- Volunteers
- 5
- Year formed
- 1992
- 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 |
|---|---|---|---|---|---|
| Kate Comfort Harr | Executive Director Officer | 16 | $79,599 | $135,195 | $29,794 |
| Ghion Dessie | VP of Finance Officer | 16 | $47,807 | $136,561 | $17,080 |
| Lauren Boro | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Nancy Bush | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Dianne Whitaker | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Aaron Aknin | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Latisa Brooks | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATE COMFORT HARR | Executive Dir. Officer | 16 | $77,045 | $116,659 | $27,306 |
| GHION DESSIE | Controller Officer | 16 | $0 | $161,672 | $15,761 |
| LAUREN BORO | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| NANCY BUSH | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DIANNE WHITAKER | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| AARON AKNIN | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| LATISA BROOKS | Director Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATE COMFORT HARR | Executive Dir. Officer | 16 | $76,000 | $136,480 | $23,643 |
| GHION DESSIE | Controller Officer | 16 | $0 | $161,958 | $14,774 |
| LAUREN BORO | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| NANCY BUSH | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DIANNE WHITAKER | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOSH AMOROSO | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| JANET BORGENS | Director Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 E 5TH AVE, SAN MATEO, CA 94401-4108
- In care of
- % KATE COMFORT HARR
- Principal officer (990 for 2024)
- Kate Comfort Harr, 111 E 5th Avenue, San Mateo, CA 94401
- Signed the 990
- Kate Comfort Harr, Executive Director
- Phone
- (650) 348-6660
- Return prepared by
- Aprio Advisory Group LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3159161 or by the name HIP HOUSING DEVELOPMENT 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
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.
Program accomplishments
- The corporation operates thirteen apartment buildings in San Mateo county consisting of 140 units for low and moderate income persons.Expenses $3,891,905 · revenue $4,696,308
- 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.Expenses $1,580,816 · grants $1,580,816
- The corporation sponsors construction and management of low and moderate income housing projects in San Mateo County.
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
- 94-3159161
- 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
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L300)
- Assets (IRS master file)
- $14,545,108
- Income (IRS master file)
- $5,126,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,126,040 | $5,682,896 | $14,545,108 | IRS |
| 990 | June 2024 | $3,312,065 | $18,012,891 | $15,054,424 | XML |
| 990 | June 2023 | $3,309,128 | $4,707,438 | $29,594,301 | XML |
| 990 | June 2022 | $17,027,307 | $5,025,916 | $30,487,933 | 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 94-3159161).
Questions about HIP HOUSING DEVELOPMENT CORPORATION
- What is the EIN of HIP HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HIP HOUSING DEVELOPMENT CORPORATION is 94-3159161.
- Is HIP HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to HIP HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIP HOUSING DEVELOPMENT 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 HIP HOUSING DEVELOPMENT 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 HIP HOUSING DEVELOPMENT 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 HIP HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Kate Comfort Harr.
- Who are the officers and directors of HIP HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $79,599 (Kate Comfort Harr, Executive Director).
- How much revenue does HIP HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,126,040, expenses of $5,682,896 and total assets of $14,545,108 at year end.
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- HOUSING LEADERSHIP COUNCIL OF SAN MATEO COUNTY EIN 94-3395945 · last filed 990 for 2025
- SAN MATEO COUNTY COLLEGES EDUCATIONAL HOUSING CORPORATION EIN 20-1880465 · last filed 990 for 2025
- HIP HOUSING AFFORDABLE VENTURES INC HHAV EIN 91-1868360 · last filed 990 for 2025
- ROTARY HACIENDAS INC EIN 94-2978646 · last filed 990 for 2025
- NORTH HIGHLAND AVENUE 1233 CORP EIN 86-2047819 · last filed 990 for 2025
- ROBERTS FOUNDATION EIN 94-2967074 · last filed 990-PF for 2024
All nonprofits in SAN MATEO · California · Housing and shelter