Nonprofit · EIN 93-1656528
HEART-SV
Tax-exempt · SAN MATEO, CA 94403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $393,453 | $603,662 | -$210,209 | $3,605,753 | $3,815,962 | -$210,209 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $380,306
- Investment income
- $12,644
- Other revenue
- $503
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $34,424
- Accounting fees
- $373
- Occupancy
- $23,189
- Travel
- $68
- Depreciation
- $74,645
- Program services (functional)
- $547,951
- Management and general (functional)
- $55,711
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $3,605,753
- Total liabilities, end of year
- $3,815,962
- Net assets, end of year
- -$210,209
- Land, buildings and equipment
- $2,775,355
- Net assets without donor restrictions
- -$338,743
- Net assets with donor restrictions
- $128,534
- Gross receipts
- $393,453
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ARMANDO SANCHEZ | EXECUTIVE DI Officer | 10 | $0 | $232,066 |
| MICHAEL BROWNRIGG | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE HOWARD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GLENN R SYLVESTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVE HOPKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK MATTHEWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BART PANTOJA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARYL ELDRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY FRANZELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY MAGEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAN SCHEINMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MOREHEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE BREEZE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDERS FUNG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA DIAZ NASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY BIER | DIRECTOR Trustee or director | 1 | $0 |
| NOELIA CORZO | DIRECTOR Trustee or director | 1 | $0 |
| CLIFF LENTZ | DIRECTOR Trustee or director | 1 | $0 |
| JAMES COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| SARA MCDOWELL | DIRECTOR Trustee or director | 1 | $0 |
| LISA GAUTHIER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2905 S EL CAMINO REAL, SAN MATEO, CA 94403-2730
- In care of
- % ARMANDO SANCHEZ
- Principal officer (990 for 2024)
- ARMANDO SANCHEZ, 2905 S EL CAMINO REAL, SAN MATEO, CA 94403
- Signed the 990
- ARMANDO SANCHEZ, EXECUTIVE DIRECTOR
- Phone
- (650) 204-5640
- Website
- WWW.HEARTOFSMC.ORG
- Return prepared by
- CHAVAN & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 93-1656528 or by the name HEART-SV.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
HEART-SV'S MISSION IS TO ACQUIRE, FINANCE, OPERATE, AND SUSTAIN WORKFORCE AND OTHER PUBLIC BENEFIT HOUSING PROGRAMS THAT EXPAND ACCESS TO STABLE, AFFORDABLE HOMES FOR LOW- TO MODERATE-INCOME AND ESSENTIAL WORKERS IN THE REGION.
Program accomplishments
- HEART-SV MEETS CRITICAL HOUSING NEEDS IN SAN MATEO COUNTY AND THE BAY AREA REGION BY PROVIDING AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME RESIDENTS AND ESSENTIAL WORKERS. HEART-SV OWNS, CREATES AND MAINTAINS REAL ESTATE ASSETS, INCLUDING MULT-FAMILY HOUSING, FOR LOW TO MODERATE INCOME RESIDENTS AND ESSENTIAL WORKERS.Expenses $547,951 · revenue $380,306
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 93-1656528
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $3,605,753
- Income (IRS master file)
- $393,453
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $393,453 | $603,662 | $3,605,753 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1656528).
Questions about HEART-SV
- What is the EIN of HEART-SV?
- The employer identification number (EIN) of HEART-SV is 93-1656528.
- Is HEART-SV tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to HEART-SV tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEART-SV file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEART-SV due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEART-SV last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HEART-SV?
- The 990 for the year ended June 30, 2025 names ARMANDO SANCHEZ.
- Who are the officers and directors of HEART-SV?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does HEART-SV have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $393,453, expenses of $603,662 and total assets of $3,605,753 at year end.
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All nonprofits in SAN MATEO · California · Community improvement and capacity building