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Housing Endowment & Tr of San Mateo County

EIN 72-1589835 · San Mateo, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$5.8 million
Spending
$1.2 million
Spent on programs
84%
Reserves
Over 10 years of spending
Largest source of income
government grants, 76%
Employees
9
Highest pay
$232,066, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 96 out of 100. Higher than 88% of charities in its peer group (religion, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    16 of 20

    It owes 17% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 79% of income.

  • Income trend

    15 of 15

    Income rose 63% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 66% of charities in its peer group (religion, $1m to $10m).

  • Independent board

    25 of 25

    20 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.0 million spent. 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. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2008.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.