2024-05-15T16:34:53-05:00 2023-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2022-07-01 943090854 SAN FRANCISCO HOUSING DEVELOPMENT CORPORATION SANF 4158221022 4439 THIRD STREET SAN FRANCISCO CA 94124 DAVID J SOBEL CEO 4158221022 2024-05-15 1 DAVID SOBEL 999009999 0 SHERMAN LEONG P00513747 4159579999 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID J SOBEL 4439 THIRD STREET SAN FRANCISCO CA 94124 8854814 0 X WWW.SFHDC.ORG X 1988 CA AFFORDABLE HOUSING DEVELOPMENT, HOMEOWNERSHIP, HOUSING AND FINANCIAL EMPOWERMENT SERVICES. 9 9 36 9 0 0 4409730 6302204 4482102 2516604 169 435 21328 -21482 8913329 8797761 6350 10000 0 0 2742043 3597619 0 0 264561 3517764 5838007 6266157 9445626 2647172 -647865 36899216 43550099 22813315 30112063 14085901 13438036 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 2846213 1372015 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. 1022323 855516 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. 1160302 10000 287896 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. 2765174 1177 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 2765174 1177 7794012 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 97 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 DANIEL Y WONG VICE CHAIR 1.00 X X 0 0 0 BEN GOLVIN TREASURER 1.00 X X 0 0 0 NOREEN BEIRO SECRETARY 1.00 X X 0 0 0 JENNIFER ESKILDSEN DIRECTOR 1.00 X 0 0 0 LENA ROBINSON CHAIR 1.00 X X 0 0 0 CHARLES TURNER DIRECTOR 1.00 X 0 0 0 EDDIE WALKER DIRECTOR 1.00 X 0 0 0 DORRIS VINCENT DIRECTOR 1.00 X 0 0 0 ANTOINETTE MCGILL DIRECTOR 1.00 X 0 0 0 DAVID J SOBEL CEO 40.00 X 190962 0 16957 NIMISH MEHTA CFO 40.00 X 148615 0 0 TOM KOSTOSKY INTERIM DIR. OF REAL ESTATE DEVELOPMENT 35.00 X 145269 0 4358 PIA HARRIS DIR. OF ECONOMIC DEVELOPMENT 35.00 X 102531 0 40500 TAYLOR BOOKER DIRECTOR OF RESIDENT SERVICES 35.00 X 117923 0 0 SARAH GRAHAM RED PROJECT MANAGER 35.00 X 114692 0 11389 REGINALD HARRISTON RED PROJECT MANAGER 35.00 X 110000 0 0 929992 0 73204 9 0 1 0 0 280694 5264440 757070 6302204 DEVELOPER FEES 531110 1304734 1304734 RENTAL INCOME 531110 815513 815513 PROJECT MGMT SERVICES 531110 326883 326883 OTHER INCOME 531110 52541 52541 INCOME FROM PTRSHIP. 531110 16933 16933 2516604 435 435 35571 280694 57053 -21482 -21482 8797761 2516604 0 -21047 X 10000 10000 364963 283310 68209 13444 2696145 2091225 505704 99216 291911 232093 49050 10768 244600 191318 44187 9095 95295 52503 42792 226882 12170 214712 2033583 1795692 137651 100240 9449 7095 297 2057 60358 27143 28144 5071 464488 428979 36217 -708 15765 9118 2278 4369 805242 771450 33792 376992 371088 4908 996 387285 360989 25222 1074 RESIDENT OUTREACH 418912 418912 PROGRAM SUPPL/FOOD/MATE 340794 323304 16871 619 RENTAL ASSISTANCE 127059 127059 LICENSES AND FEES 94961 81713 13054 194 380942 198851 163965 18126 9445626 7794012 1387053 264561 851918 476262 585818 1367236 2043287 1653981 52838 391081 94834 299189 26426389 1656699 21923454 24769690 2808038 2804045 8539029 11788615 36899216 43550099 1231694 645726 174884 707375 20945687 26244312 461050 2514650 22813315 30112063 X 13515002 13017696 570899 420340 14085901 13438036 36899216 43550099 -647865 0 X X 0 1 X 1 0 X 2616979 3548437 3410438 4409730 6302204 20287788 2616979 3548437 3410438 4409730 6302204 20287788 1557462 18730326 41070 1440 126 169 435 43240 20331028 17284681 0.92130 0.88050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10376306 10376306 14204709 1252397 12952312 1600359 289481 1310878 245015 114821 130194 24769690 PARTNERSHIP INVESTMENTS 2804045 C 2804045 CONSTRUCTION IN PROGRESS 2147796 REPLACEMENT RESERVE 334796 OPERATING RESERVE 37844 VACANCY RESERVE 3621 TENANT SECURITY DEPOSITS 24542 RELATED-PARTY RECEIVABLE 2656664 OTHER ASSET 93677 NOTE RECEIVABLE 5000000 RIGHT OF USE ASSETS - OPERATING LEASE 1489675 11788615 ACCRUED INTEREST 398734 TENANT SECURITY DEPOSITS 78756 LINE OF CREDIT 458697 OPERATING LEASE LIABILITIES 1578463 2514650 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 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. ANNUAL GALA 316265 280694 35571 57053 316265 280694 35571 57053 57053 -21482 X X 0 0 0 0 0 0 0 0 0 DAVID J SOBEL CEO 190962 0 0 0 0 0 1910 0 15047 0 207919 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 939,584. MANAGEMENT AND GENERAL EXPENSES 125,894. FUNDRAISING EXPENSES 100,240. TOTAL EXPENSES 1,165,718. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 856,108. MANAGEMENT AND GENERAL EXPENSES 11,757. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 867,865. 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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