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Nonprofiteer
← HOUSING TRUST FUND VENTURA COUNTY

Form 990 for tax year 2024

Filed by HOUSING TRUST FUND VENTURA COUNTY.

Totals

Total revenue
$1,053,427
Total expenses
$875,141
Contributions and grants received
$221,532
Grants paid
$50,000
Program service revenue
$38,850
Investment income
$712,895
Other revenue
$80,150
Total assets, end of year
$23,607,119
Total liabilities, end of year
$8,778,822
Net assets or fund balances, end of year
$14,828,297
Program services expenses (Part IX)
$555,804
Management and general expenses
$172,868
Fundraising expenses
$146,469
Program service expenses (Part III)
$555,804

Program services were 63.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $221,532

  • 1g · Noncash contributions included above

    $24,662

  • 2a · Program service revenue: Board Dues

    total $7,900 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Application Fees

    total $2,500 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Documentation Fees

    total $1,500 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Loan Origination Fee

    total $24,700 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Underwriting Fee

    total $2,250 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $712,895 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $131,800

  • 8a · Fundraising events: contributions included on line 1c

    $131,800

  • 8b · Fundraising events: direct expenses

    $51,650

  • 8c · Net income from fundraising events

    total $80,150 · unrelated business $0 · excluded $80,150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $149,199 · program services $59,680 · management and general $29,840 · fundraising $59,679

  • 7 · Other salaries and wages

    total $181,384 · program services $112,051 · management and general $50,135 · fundraising $19,198

  • 10 · Payroll taxes

    total $25,730 · program services $13,427 · management and general $6,194 · fundraising $6,109

  • 11b · Fees: legal

    total $1,297 · program services $1,297 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $4,763 · program services $0 · management and general $4,763 · fundraising $0

  • 12 · Advertising and promotion

    total $107,547 · program services $60,838 · management and general $0 · fundraising $46,709

  • 14 · Information technology

    total $18,185 · program services $5,421 · management and general $7,803 · fundraising $4,961

  • 16 · Occupancy

    total $21,300 · program services $11,065 · management and general $5,153 · fundraising $5,082

  • 17 · Travel

    total $3,493 · program services $3,144 · management and general $0 · fundraising $349

  • 20 · Interest

    total $209,195 · program services $209,195 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,258 · program services $0 · management and general $1,258 · fundraising $0

  • 23 · Insurance

    total $13,739 · program services $3,186 · management and general $10,553 · fundraising $0

  • 24a · Other expenses: Bank Service Charge

    total $10,037 · program services $6,022 · management and general $4,015 · fundraising $0

  • 24b · Other expenses: Office Telephone/Internet

    total $1,698 · program services $1,443 · management and general $0 · fundraising $255

  • 24c · Other expenses: Office Supplies

    total $2,071 · program services $62 · management and general $1,998 · fundraising $11

  • 24d · Other expenses: Membership dues

    total $6,726 · program services $6,326 · management and general $400 · fundraising $0

  • 24e · All other expenses

    total $67,519 · program services $12,647 · management and general $50,756 · fundraising $4,116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,592,528 · end of year $11,880,857

  • 2 · Savings and temporary cash investments

    beginning of year $475,780 · end of year $536,089

  • 4 · Accounts receivable

    beginning of year $442,040 · end of year $495,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,236 · end of year $6,012

  • 10a · Land, buildings and equipment: cost or other basis

    $888,290

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,346

  • 10c · Land, buildings and equipment, net

    beginning of year $884,201 · end of year $882,944

  • 15 · Other assets

    beginning of year $11,505,975 · end of year $9,805,234

  • 17 · Accounts payable and accrued expenses

    end of year $21,073

  • 25 · Other liabilities

    beginning of year $6,256,749 · end of year $8,757,749

  • 27 · Net assets without donor restrictions

    beginning of year $6,490,723 · end of year $11,590,051

  • 28 · Net assets with donor restrictions

    beginning of year $8,159,288 · end of year $3,238,246

Mission and programs · 2024

Mission

To support more housing choices by generating and leveraging financial resources, working in partnership with the public, private, and non-profit sectors throughout Ventura County.

  • The primary program of HTFVC is a revolving loan fund for the development of affordable housing. The revolving loan fund is comprised of public, private and charitable funds. For-profit and non-profit developers may apply for loans to fill gaps in predevopment, acquisition/rehabilitation and construction loans for new afforable housing units in Ventura County. Revolving loan funds are obtained through a number of sources: Local government contributions, County of Ventura, State of California, Proposition 1 Local Housing Trust Fund matching grant, corporate grants, private charitable grants, and individual donations.

    Expenses $555,804 · Revenue $1,117,651

As filed on the 2024 return.

Listed in Part VII

  • Ken Trigueiro

    Chairperson

    Total calculated
    $0
    Hours/week
    3

  • Elenore Vaughn

    Vice-Chair

    Total calculated
    $0
    Hours/week
    3

  • Karen Flock

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Derrick Wada

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Tracy McAulay

    Former Chair

    Total calculated
    $0
    Hours/week
    3

  • Dawn Dyer

    Chair Emeritus

    Total calculated
    $0
    Hours/week
    3

  • Mary Ann Krause

    Advisor

    Total calculated
    $0
    Hours/week
    2

  • Elsa Brown

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Maruja Clensay

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Garry Collett

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Angel Garcia

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Sarah McCarthy-Garcia

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Anthony Mireles

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Sean Morreale

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Cathi Nye

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lynn Oshita

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Stratis Perros

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Mark Pettit

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Alex Russell

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Linda Braunschweiger

    CEO

    Total calculated
    $149,199
    From this org
    $149,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2025
IRS schema version
2024v5.1
Source object
202541279349303129

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