2026-05-05T17:19:34-05:00 2025-06-30 582487348 Aprio Advisory Group LLC 2185 N California Blvd Suite 350 Walnut Creek CA 94596 990 2024-07-01 943159161 HIP Housing Development Corporation HIPH 6503486660 111 E 5th Avenue San Mateo CA 94401 Kate Comfort Harr Executive Director 6503486660 2026-05-05 1 1 Stacy Cullen P00974308 9252102180 2026-05-05 2024 2025-03-06 01:10:19Z X Kate Comfort Harr 111 E 5th Avenue San Mateo CA 94401 5126040 0 X X 1992 CA 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. 5 5 3 5 0 0 593729 184096 2219043 3132852 499373 1809092 -80 0 3312065 5126040 2270341 1580816 0 0 422187 589915 0 0 0 15320363 3512165 18012891 5682896 -14700826 -556856 15054424 14545108 35190174 35058808 -20135750 -20513700 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. 0 0 3891905 4696308 The corporation operates thirteen apartment buildings in San Mateo county consisting of 140 units for low and moderate income persons. 1580816 1580816 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. The corporation sponsors construction and management of low and moderate income housing projects in San Mateo County. 5472721 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 22 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X The Organization 6503486660 111 E 5th Avenue San Mateo CA 94401 Lauren Boro President 0.50 1.00 X X 0 0 0 Nancy Bush Treasurer 0.50 1.00 X X 0 0 0 Dianne Whitaker Secretary 0.50 X X 0 0 0 Aaron Aknin Director 0.50 X 0 0 0 Latisa Brooks Director 0.50 X 0 0 0 Kate Comfort Harr Executive Director 16.00 24.00 X 79599 135195 29794 Ghion Dessie VP of Finance 16.00 24.00 X 47807 136561 17080 127406 271756 46874 2 1 1 0 0 184096 184096 Tenant Rental Income 531110 2720624 2720624 Development Fees 531110 336771 336771 Laundry & Tenant charges 531110 40012 40012 Partnership Management Fees 531110 17365 17365 Accounting Fees 531110 10000 10000 8080 8080 3132852 245636 245636 1563456 0 1563456 1563456 1563456 5126040 4696308 0 245636 1580816 1580816 127406 86176 41230 341985 231315 110670 15554 10521 5033 66849 47402 19447 38121 25785 12336 136368 130673 5695 11119 10655 464 50398 48293 2105 121736 115947 5789 128639 123267 5372 12284 11771 513 339118 339118 5658 5422 236 936574 936574 1046117 1046117 108116 108116 Operating and Maintenan 585968 585968 Taxes 24474 23231 1243 Licenses & Permits 5596 5554 42 5682896 5472721 210175 0 879900 647112 1319630 1281966 135704 45978 1986420 3727275 18743 25331 36777947 13264593 24648535 23513354 2680275 2258779 -18224913 -18225052 1610130 1270365 15054424 14545108 4939722 5449658 12782 0 29182091 28636853 1055579 972297 35190174 35058808 X -20135750 -20513700 -20135750 -20513700 15054424 14545108 -556856 178906 0 X X 0 1 X 1 1 1 X 2827827 623628 625605 593729 184096 4854885 1970511 2158854 2309565 2219043 3132852 11790825 4798338 2782482 2935170 2812772 3316948 16645710 0 0 0 16645710 75223 133193 261245 228249 245636 943546 75223 133193 261245 228249 245636 943546 1970511 2158854 2309565 2219043 3132852 11790825 6844072 5074529 5505980 5260064 6695436 29380081 0.56660 0.53070 0.03210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8435124 8435124 28342823 13264593 15078230 23513354 Developer Fee Receivable 571135 Partnership Management Fees Receivable 25004 Receivable from Affiliates 447457 Right of Use Asset 226769 1270365 Tenant Security Deposits 208467 Note Payable - HIP 200000 Accrued Interest- HIP 187515 Acct Payable to Affiliate 149546 Right of Use Liability 226769 972297 X Part X, Line 2: The Organization is a nonprofit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for federal income taxes is required. The Organization applies the guidance on accounting for uncertain tax positions in FASB ASC 740 Income Taxes. The Organization is no longer subject to income tax examinations for tax years up to and including 2021. 1 Human Investment Project Inc 111 E 5th Avenue San Mateo CA 94401 942154614 501(C)(3) 1580816 0 General Support: Low Inc Housing 1 Part I, Line 2: Two officers and two directors of the organization are members of the board of directors of the related receipient 501(c)(3) organization, Human Investment Project, Inc (HIP). Additionally, the executive director and controller of the organization serve as the executive director and controller for HIP. As such, there is direct oversight of the use of the funds received from HIP Housing Development Corporation. In addition, for grants and other assistance to organizations: 1. The fundraising department keeps a copy of all grant requests and grant agreements, and provides a copy to the accounting department. 2. For grants made to related entities, the fundraising department keeps a grant log that indicates all grants received and the program they are designated to. The grant log is distributed to the board of directors at each board meeting (every two months). 3. Before the board meeting, the grant log is provided to the accounting director. A cross check is made to ensure all numbers match and grants are designated to the appropriate programs. 4. When the foundations request a report on how the funds are used, the accounting director will also provide a budget sheet of the fund allocation. X 0 0 0 0 0 0 0 0 0 Kate Comfort Harr Executive Director 79599 135195 0 0 0 0 0 0 0 29794 79599 164989 0 0 Ghion Dessie VP of Finance 47807 136561 0 0 0 0 0 0 0 17080 47807 153641 0 0 Form 990, Part VI, Section A, line 7a The board of directors shall consist of five (5) directors. All directors of the corporation shall be residents of the state of California. Three (3) directors shall be members of the Executive Committee of Human Investment Project, Inc., a California nonprofit public benefit corporation, and two (2) directors shall each be (i) a resident of a low-income neighborhood, or (ii) a low-income community resident, or (iii) an elected representative of a low-income neighborhood organization. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the board of directors prior to filing. Form 990, Part VI, Section B, line 12c All board members are required to sign a conflict of interest policy and are reminded of the policy on an annual basis. Form 990, Part VI, Section B, line 15 The executive director conducts performance reviews for any key employees and gets authorization from the personnel and finance committee members for any salary increases. The board of directors and managers conduct a performance review for the Executive Director. The board meets with the Executive and personnel committee members to decide on any salary increases. Form 990, Part VI, Section C, line 19 Available upon request. Form 990, Part XII Line 2C The organization has not changed any processes from prior year. 1304 El Camino Real LLC 111 E 5th Avenue San Mateo CA 94401 873897090 Serves As GP IN FEIN 87-4190382, See Part III CA 92797 2132584 HHDC 6-8 Coleman Place LLC 111 E 5th Avenue San Mateo CA 94401 943159161 Low-Income Housing CA 309164 7054830 HHDC Human Investment Project Inc 111 E 5th Avenue San Mateo CA 94401 942154614 Improve housing conditions for ppl in need CA 501(C)(3) Line 7 Organization N/A 0 HIP Housing Affordable Ventures Inc 111 E 5th Avenue San Mateo CA 94401 911868360 Management of Low-Income Housing CA 501(C)(3) 12A Human Investment Project Inc 0 Redwood Oaks Associates 111 E 5th Avenue San Mateo CA 94401 943364905 Low-Income Housing CA HHDC Related 1141 0 1 0.01000 Edgewater Isle Associates LP 111 E 5th Avenue San Mateo CA 94401 473019770 Low-Income Housing CA HHDC Related 5 3874321 0 1 0.39450 Redwood Oaks Associates II LP 111 E 5th Avenue San Mateo CA 94401 831168874 Low-Income Housing CA 83-1161755 Related 847 0 1 0.00010 Redwood Oaks - HHDC LLC 111 E 5th Avenue San Mateo CA 94401 831161755 Low-Income Housing CA HHDC C 40 6689837 0.79000 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 1 1 1