Housing Industry Foundation

Tax-deductible

Palo Alto, CA501(c)(3)UnclassifiedEIN 94-3100671Revenue $3.4M in FY2024

On file with the IRS3460 W Bayshore Rd Ste 101, 94303-4269 · Palo Alto, CATax-exempt since Dec 1995Publicly supported charity — 170(b)(1)(A)(vi)

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To help provide or rehabilitate short or long term housing for low income individuals and homeless.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$307K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $26K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$307K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $362K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-6% vs prior year
Spent
$3.5M
To programs
84%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$3.4M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$3.1M
FY2023$3.6M
FY2024$3.4M
Expenses
$3.5M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$3.3M
FY2023$3.3M
FY2024$3.5M
Net assets
$1.5M
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$869K
FY2021$1.0M
FY2022$1.3M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.0M Management & general 5% · $188K Fundraising 11% · $385K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $307K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (thru 8/24)
$168,695Pt VII · Sec A
Managing Director
$138,665Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Steve Sullivan$168,695$180,503$166,674$150,000
Barbie Csore$138,665———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides or rehabilitates housing for low-income individuals and the homeless.

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2024
01

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).

$1.9Mprogram expense
02

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.

$904Kprogram expense
03

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…

$210Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 4 grants · $5.9M · 2022–2024
Unitemized GrantFY2024$920,896
Unitemized GrantFY2024$700,857
Unitemized GrantFY2023$2,002,682
Unitemized GrantFY2022$2,248,117

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$732K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.0M
Managementcol C$188K
Fundraisingcol D$385K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$778K
Total assetsLn 16$1.5M
LiabilitiesLn 26$7K
PeoplePt VI, VII
36
listed · VII A
PaidVII A2
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$39K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$11K
Other incomeLn 4–11$732K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
SavingsLn 2$778K
Cash and savings togetherLn 1–2$778K
InvestmentsLn 11–13$307K
Total assetsLn 16$1.5M
LiabilitiesLn 26$7K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$778K
InvestmentsLn 11–13$283K$307K
Total assetsLn 16$1.6M$1.5M
LiabilitiesLn 26$15K$7K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$192K$95K$29K$67K
Other salaries and wagesLn 7$555K$277K$83K$196K
Pension plan contributionsLn 8$15K$7K$3K$5K
Other employee benefitsLn 9$18K$9K$3K$6K
Payroll taxesLn 10$55K$27K$10K$18K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$19K$18K$70$1K
Office expensesLn 13$12K$6K$2K$4K
OccupancyLn 16$40K$19K$7K$14K
InsuranceLn 23$6K$3K$1K$2K
Other expenses (24a–d)Ln 24$965K$889K$7K$69K
All other expensesLn 24e$8K$4K$1K$3K
Total functional expensesLn 25$3.5M$3.0M$188K$385K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.4M$3.5M−$162K$1.5M 990 PDF
FY2023 $3.6M$3.3M$304K$1.6M 990 PDF
FY2022 $3.1M$3.3M−$261K$1.3M 990 PDF
FY2021 $2.2M$2.1M$143K$1.0M 990 PDF
FY2020 $2.0M$2.1M−$156K$869K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,386,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,545,314$1,109,868
I-9 Program service revenuePrior year $1,201,979$1,534,396
I-10 Investment incomePrior year $15,747$10,769
I-11 Other revenuePrior year $824,536$731,905
I-12 Total revenuePrior year $3,587,576$3,386,938
I-13 Grants and similar amounts paidPrior year $2,002,682$1,621,753
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $794,598$834,474
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $486,224$1,092,325
I-18 Total expensesPrior year $3,283,504$3,548,552
I-19 Revenue less expensesPrior year $304,072−$161,614
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,386,938 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,109,868
VIII-1g Noncash contributions (included above)$38,982
VIII-1h Total contributions, gifts and grants$1,109,868
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,534,396$1,534,396
VIII-3 Investment incomeExcluded from tax $10,769$10,769
VIII-8 Net income from fundraising eventsExcluded from tax $731,905$731,905
VIII-12 Total revenueRelated to mission $1,534,396 · Unrelated business $0 · Excluded from tax $742,674$3,386,938
Part IX · Statement of functional expenses $3,548,552 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $1,621,753$1,621,753
IX-5 Pay of current officers, directors and key staffPrograms $95,261 · Management $29,285 · Fundraising $67,258$191,804
IX-7 Other salaries and wagesPrograms $276,738 · Management $82,929 · Fundraising $195,813$555,480
IX-8 Pension plan contributionsPrograms $7,079 · Management $2,588 · Fundraising $4,917$14,584
IX-9 Other employee benefitsPrograms $8,645 · Management $3,160 · Fundraising $6,005$17,810
IX-10 Payroll taxesPrograms $26,598 · Management $9,723 · Fundraising $18,475$54,796
IX-11c Accounting feesManagement $40,680$40,680
IX-11g Other fees for servicesPrograms $18,165 · Management $70 · Fundraising $1,264$19,499
IX-13 Office expensesPrograms $6,066 · Management $2,219 · Fundraising $4,214$12,499
IX-16 OccupancyPrograms $19,445 · Management $7,109 · Fundraising $13,507$40,061
IX-23 InsurancePrograms $3,020 · Management $1,105 · Fundraising $2,098$6,223
IX-24 Other expenses (24a–d)Programs $888,729 · Management $7,483 · Fundraising $68,860$965,072
IX-24e All other expensesPrograms $4,025 · Management $1,471 · Fundraising $2,795$8,291
IX-25 Total functional expensesPrograms $2,975,524 · Management $187,822 · Fundraising $385,206$3,548,552
Part X · Balance sheet $1,507,594 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,107,611$777,963
X-4 Accounts receivableStart of year $257,954$422,793
X-11 Publicly traded securitiesStart of year $283,178$306,838
X-16 Total assetsStart of year $1,648,743$1,507,594
X-17 Accounts payable and accrued expensesStart of year $12,475$5,000
X-25 Other liabilitiesStart of year $2,274$2,272
X-26 Total liabilitiesStart of year $14,749$7,272
X-27 Net assets without donor restrictionsStart of year $1,633,994$1,500,322
X-32 Total net assets or fund balancesStart of year $1,633,994$1,500,322
X-33 Total liabilities and net assetsStart of year $1,648,743$1,507,594
Part XI · Reconciliation of net assets $1,500,322 net assets at year end
XI-1 Total revenue$3,386,938
XI-2 Total expenses$3,548,552
XI-3 Revenue less expenses−$161,614
XI-4 Net assets at start of year$1,633,994
XI-5 Net unrealized gains (losses) on investments$26,500
XI-8 Prior period adjustments$1,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,500,322

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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