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Tenants and Owners Development Corporation

EIN 94-2408519 · San Francisco, CA

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

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE AFFORDABLE HOUSING RESIDENT SERVICES AND COMMUNITY ADVOCACY FOR THE SOUTH OF MARKET NEIGHBORHOOD IN SAN FRANCISCO.

Income
$7.3 million
Spending
$8.3 million
Spent on programs
63%
Reserves
45.9 months of spending
Largest source of income
fees for its services, 50%
Employees
35
Volunteers
8
Highest pay
$380,783, ceo

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

Good: 78 out of 100. Higher than 65% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 45.9 months of spending.

  • Debt

    16 of 20

    It owes 15% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 13% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 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 42% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a 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

    0 of 15

    Its accounts were not audited or reviewed 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 (5)
  1. $2.8 million spent. RESIDENTIAL SERVICE PROGRAM - FUNDS USED TO PROVIDE INEXPENSIVE DAILY MEALS AND RECREATION EVENTS TO SENIOR RESIDENTS FOR TODCO'S OWNED WOOLF HOUSE III PROJECT AS WELL AS ITS AFFILIATED PROJECTS: WOOLF HOUSE I & II, CEATRICE POLITE, MENDELSOHN HOUSE, LELAND APARTMENTS, COLEMAN HOUSE, KNOX SRO, ISABEL SRO AND BAYANIHAN SRO HOUSING PROJECTS FOR THE LOW INCOME AND ELDERLY
  2. $624,501 spent. WOOLF HOUSE III - FUNDS USED FOR OPERATING 30 HOUSING UNITS FOR THE LOW INCOME FRAIL ELDERLY IN SAN FRANCISCO.
  3. $449,398 spent. 6TH STREET PHOTOGRAPHY WORKSHOP - FUNDS USED FOR OPERATION OF A PHOTOGRAPHY WORKSHOP PROGRAM FOR THE BENEFIT OF THE NEIGHBORHOOD.
  4. $1.3 million spent. NEIGHBORHOOD DEVELOPMENT PROGRAM - FUNDS USED TO PROVIDE NEIGHBORHOOD SERVICES FOR TENANTS OF TODCO OWNED AND AFFILIATED PROJECTS AND OTHER LOW-INCOME RESIDENTS IN THE YERBA BUENA REDEVELOPMENT AREA.
  5. ALICE STREET GARDENS - FUNDS USED FOR THE OPERATION AND MAINTENANCE OF A COMMUNITY GARDEN OR OTHER FORMS OF COMMUNITY OPEN SPACE FOR THE BENEFIT OF THE NEIGHBORHOOD.

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 November 6, 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 February 1975.

    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 November 4, 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.