2025-05-15T19:43:32-05:00 2024-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2023-07-01 943090854 SAN FRANCISCO HOUSING DEVELOPMENT CORPORATION SANF 4158221022 4439 THIRD STREET SAN FRANCISCO CA 94124 DAVID J SOBEL CEO 4158221022 2025-05-15 1 0 SHERMAN LEONG P00513747 4159579999 2023 2025-03-06 01:10:19Z DAVID J SOBEL 4439 THIRD STREET SAN FRANCISCO CA 94124 8400647 0 X WWW.SFHDC.ORG X 1988 CA AFFORDABLE HOUSING DEVELOPMENT, HOMEOWNERSHIP, HOUSING AND FINANCIAL EMPOWERMENT SERVICES. 11 11 50 11 0 0 6302204 6750594 2516604 1532418 435 1225 -21482 -58003 8797761 8226234 10000 8000 0 0 3597619 4048255 0 72500 185662 5838007 6971386 9445626 11100141 -647865 -2873907 43550099 46612669 30112063 35469719 13438036 11142950 X WE FOSTER FINANCIAL STABILITY THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING, THE FACILITATION OF ASSET BUILDING, AND REVITALIZATION OF SAN FRANCISCO'S UNDERSERVED NEIGHBORHOODS. 0 0 3206176 497613 REAL ESTATE DEVELOPMENT:SFHDC'S REAL ESTATE DEVELOPMENT TEAM COMPLETED RENOVATIONS AND LEASE-UP OF 168 SICKLES AVE, A 12-UNIT PRESERVATION PROJECT; BEGAN RENOVATIONS ON 936 GEARY STREET, 375 14TH STREET, AND 528 NATOMA STREET, PRESERVING ANOTHER 51 AFFORDABLE UNITS; AND MADE PROGRESS ON PRE-DEVELOPMENT FOR THE SOON-TO-BE-CONSTRUCTED 160 FREELON STREET AND SHIPYARD BLOCK 56, TOTALING APPROXIMATELY 145 NEW UNITS. 848186 942893 FINANCIAL EMPOWERMENT & HOUSING COUNSELING:SFHDC'S FINANCIAL EMPOWERMENT PROGRAM EDUCATED 1,465 LOW- AND MODERATE-INCOME INDIVIDUALS THROUGH FIRST-TIME HOMEBUYER WORKSHOPS; PROVIDED RENTAL COUNSELING TO OVER 200 CLIENTS; IMPROVED THE FINANCIAL LITERACY OF HUNDREDS OF ADDITIONAL CLIENTS; AND SUPPORTED 35 HOUSEHOLDS IN BUYING THEIR FIRST HOMES. 1393995 8000 18330 RESIDENT SERVICES:IN THE AREA OF RESIDENT SERVICES, SFHDC PROVIDED MEANINGFUL, ON-SITE SUPPORT TO APPROXIMATELY 2,500 RESIDENTS ACROSS EIGHT SITES, INCLUDING TWO NEW PROPERTIES. IT ALSO HOSTED DOZENS OF COMMUNITY-BUILDING ACTIVITIES AND EVENTS, SERVING YOUTH, ADULTS, SENIORS, AND WHOLE FAMILIES. 3603813 73582 ECONOMIC DEVELOPMENT:OUR ECONOMIC DEVELOPMENT PROGRAM LAUNCHED "IN THE BLACK", A BRICK AND MORTAR SHOP FEATURING PRODUCTS BY 20 BLACK ENTREPRENEURS; GRADUATED TWO COHORTS, TOTALING 67 BUSINESSES, THROUGH OUR "MINDING MY BLACK-OWNED BUSINESS" TECHNICAL ASSISTANCE PROGRAM; SOURCED 9,500 HOT MEALS THROUGH LOCAL CHEFS FOR DISTRIBUTION TO LOW-INCOME SENIORS; AND COORDINATED THE JUNETEENTH FESTIVAL AND THE WESTERN ADDITION MUSIC FESTIVAL, ATTRACTING THOUSANDS OF ATTENDEES 3603813 73582 9052170 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 71 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X X THE ORGANIZATION 4158221022 4439 THIRD STREET SAN FRANCISCO CA 94124 LENA ROBINSON CHAIR 1.00 X X 0 0 0 DANIEL Y WONG VICE CHAIR 1.00 X X 0 0 0 BEN GOLVIN TREASURER 1.00 X X 0 0 0 ANTOINETTE MCGILL SECRETARY 1.00 X X 0 0 0 JENNIFER ESKILDSEN DIRECTOR 1.00 X 0 0 0 CHARLES TURNER DIRECTOR 1.00 X 0 0 0 DORRIS VINCENT DIRECTOR 1.00 X 0 0 0 EDDIE WALKER DIRECTOR 1.00 X 0 0 0 JOSIE RAMIREZ DIRECTOR 1.00 X 0 0 0 CECELIA MKONDIWA DIRECTOR 1.00 X 0 0 0 MELISSA JENG DIRECTOR 1.00 X 0 0 0 DAVID J SOBEL CEO 40.00 X 197965 0 16832 NIMISH MEHTA CFO 40.00 X 165756 0 2244 TOM KOSTOSKY INTERIM DIR. OF REAL ESTATE DEVEL. 35.00 X 145000 0 4350 PIA HARRIS DIR. OF ECONOMIC DEVELOPMENT 35.00 X 140654 0 0 JESSICA MATAKA INTERIM PROGRAM DIR. ECONOMIC DEVEL. 35.00 X 125385 0 700 LOLITA RAMOS FINANCE & ADMIN 35.00 X 118962 0 11628 MICHAEL S MANIGAULT RED PROJECT MANAGER 35.00 X 116000 0 3353 1009722 0 39107 10 0 1 0 0 274746 6247479 228369 6750594 RENTAL INCOME 531110 867346 867346 PROJECT MGMT SERVICES 531110 316640 316640 OTHER INCOME 531110 196432 196432 DEVELOPER FEES 531110 152000 152000 1532418 1225 1225 116410 274746 174413 -58003 -58003 8226234 1532418 0 -56778 X 8000 8000 394420 298405 87680 8335 3034784 2300411 669170 65203 322499 216157 106327 15 296552 226629 57447 12476 261535 239201 22334 162707 29586 133121 72500 72500 1896159 1789893 106266 89816 64801 24712 303 116590 57267 58431 892 571505 536438 34947 120 13066 11025 2006 35 1100032 1057413 42619 664208 657571 5967 670 433463 191170 241843 450 RESIDENT OUTREACH 445386 445386 PROGRAM SUPPL/FOOD/MATE 339900 328425 8968 2507 TRAINING EXPENSE 161465 63418 97852 195 LICENSES AND FEES 149378 93543 55774 61 566176 437431 106845 21900 11100141 9052170 1862309 185662 476262 640033 1367236 931731 1653981 1713880 391081 600548 299189 43021 32140053 2320907 24769690 29819146 2804045 2726073 11788615 10138237 43550099 46612669 645726 1246061 707375 95859 26244312 31287242 2514650 2840557 30112063 35469719 X 13017696 11142950 420340 0 13438036 11142950 43550099 46612669 -2873907 578821 0 X X 0 1 X 1 0 X 3548437 3410438 4409730 6302204 6750594 24421403 3548437 3410438 4409730 6302204 6750594 24421403 608469 23812934 1440 126 169 435 1225 3395 24424798 15598914 0.97490 0.92130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10376306 10376306 19854463 1645491 18208972 1600359 529880 1070479 308925 145536 163389 29819146 PARTNERSHIP INVESTMENTS 2726073 C 2726073 CONSTRUCTION IN PROGRESS 230748 REPLACEMENT RESERVE 381631 OPERATING RESERVE 151413 VACANCY RESERVE 3621 TENANT SECURITY DEPOSITS 12993 RELATED-PARTY RECEIVABLE 2938535 OTHER ASSET 33921 NOTE RECEIVABLE 5000000 RIGHT OF USE ASSETS - OPERATING LEASE 1385375 10138237 ACCRUED INTEREST 665236 TENANT SECURITY DEPOSITS 115126 LINE OF CREDIT 549039 OPERATING LEASE LIABILITIES 1511156 2840557 X PART X, LINE 2: SFHDC AND SUBSIDIARIES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SFHDC AND SUBSIDIARIES' FEDERAL AND STATE INCOME TAX AND INFORMATION RETURNS FOR THE FISCAL YEARS ENDED 2020 THROUGH 2023 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. X X X X X X 1 THE GRACE GROUP 427 W 6TH STREET CLAREMONT CA 91711 GRANT WRITING 0 0 72500 0 72500 ANNUAL GALA 391156 274746 116410 174413 391156 274746 116410 174413 174413 -58003 X X 0 0 0 0 0 0 0 0 0 DAVID J SOBEL CEO 197965 0 0 0 0 0 2127 0 14705 0 214797 0 0 0 NIMISH MEHTA CFO 165756 0 0 0 0 0 0 0 2244 0 168000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND FINANCE ADMINISTRATION EDITS AND REVIEWS FORM 990, WITH ADDITIONAL REVIEW BY THE CONSULTING CPA. FORM 990, PART VI, SECTION B, LINE 12C THE CEO AND BOARD MONITOR ALL ACTIONS CONSTITUTING A POTENTIAL CONFLICT OF INTEREST AMONG BOARD AND STAFF. THE BOARD FOLLOWS THE WRITTEN POLICY AND BY-LAWS TO REQUIRE THAT A) INTERESTED BOARD MEMBERS DECLARE THEIR INTEREST, B) SIT OUT OF DISCUSSION RELATING TO THEIR CONFLICT, OTHER THAN ANSWERING QUESTIONS, AND C) RECUSE THEMSELVES FROM VOTING ON SUCH ITEMS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDED A WRITTEN SELF-REVIEW, A WRITTEN REVIEW BY THE FULL BOARD FOLLOWING A DISCUSSION. COMPENSATION WAS ALSO DETERMINED BASED ON REVIEW OF TWO INDEPENDENT STUDIES OF BAY AREA NONPROFIT ORGANIZATIONS THAT SHOW COMPENSATION FOR CEOS BY GEOGRAPHY, ORGANIZATION SIZE, ORGANIZATION BUDGET, FIELD OF WORK AND OTHER FACTORS. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY CONTACT OUR OFFICES AND/OR VIEW FORM 990 ON OUR WEBSITE - WWW.SFHDC.ORG FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 1,134,095. MANAGEMENT AND GENERAL EXPENSES 81,579. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,215,674. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 655,798. MANAGEMENT AND GENERAL EXPENSES 24,687. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 680,485. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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