Form 990 for tax year 2022
Filed by HOUSING TRUST FUND VENTURA COUNTY.
Totals
- Total revenue
- $6,013,400
- Total expenses
- $645,592
- Contributions and grants received
- $5,555,348
- Grants paid
- $1,718
- Program service revenue
- $133,500
- Investment income
- $258,693
- Other revenue
- $65,859
- Total assets, end of year
- $17,293,082
- Total liabilities, end of year
- $6,001,886
- Net assets or fund balances, end of year
- $11,291,196
- Program services expenses (Part IX)
- $594,229
- Management and general expenses
- $0
- Fundraising expenses
- $51,363
- Program service expenses (Part III)
- $594,229
Program services were 92.0% 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.
-
1e · Government grants (contributions)
$4,616,124
-
1f · All other contributions, gifts and grants
$939,224
-
1g · Noncash contributions included above
$7,500
-
2a · Program service revenue: Board Dues
total $8,000 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Application Fees
total $1,500 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Documentation Fees
total $1,000 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Loan Origination Fee
total $92,750 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Underwriting Fee
total $2,250 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $28,000 · unrelated business $0 · excluded $0
-
3 · Investment income
total $258,693 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$118,083
-
8a · Fundraising events: contributions included on line 1c
$118,083
-
8b · Fundraising events: direct expenses
$52,224
-
8c · Net income from fundraising events
total $65,859 · unrelated business $0 · excluded $65,859
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,718 · program services $1,718
-
5 · Compensation of officers, directors and key employees
total $130,528 · program services $117,475 · management and general $0 · fundraising $13,053
-
7 · Other salaries and wages
total $57,612 · program services $43,209 · management and general $0 · fundraising $14,403
-
10 · Payroll taxes
total $22,859 · program services $20,573 · management and general $0 · fundraising $2,286
-
11b · Fees: legal
total $487 · program services $487 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $6,000 · program services $6,000 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $99,187 · program services $79,458 · management and general $0 · fundraising $19,729
-
14 · Information technology
total $9,465 · program services $9,455 · management and general $0 · fundraising $10
-
16 · Occupancy
total $7,500 · program services $7,500 · management and general $0 · fundraising $0
-
17 · Travel
total $2,387 · program services $2,387 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $3,779 · program services $3,779 · management and general $0 · fundraising $0
-
20 · Interest
total $135,061 · program services $135,061 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,258 · program services $1,258 · management and general $0 · fundraising $0
-
23 · Insurance
total $11,017 · program services $9,135 · management and general $0 · fundraising $1,882
-
24a · Other expenses: Bank Service Charge
total $1,217 · program services $1,217 · management and general $0 · fundraising $0
-
24b · Other expenses: Office Telephone/Internet
total $1,407 · program services $1,407 · management and general $0 · fundraising $0
-
24c · Other expenses: Office Supplies
total $1,825 · program services $1,825 · management and general $0 · fundraising $0
-
24d · Other expenses: Membership dues
total $3,439 · program services $3,439 · management and general $0 · fundraising $0
-
24e · All other expenses
total $148,846 · program services $148,846 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,171,493 · end of year $4,685,845
-
2 · Savings and temporary cash investments
beginning of year $3,562,219 · end of year $2,787,023
-
4 · Accounts receivable
end of year $8,219
-
9 · Prepaid expenses and deferred charges
end of year $1,536
-
10a · Land, buildings and equipment: cost or other basis
$888,290
-
10b · Land, buildings and equipment: accumulated depreciation
$2,831
-
10c · Land, buildings and equipment, net
beginning of year $4,717 · end of year $885,459
-
15 · Other assets
beginning of year $3,700,000 · end of year $8,925,000
-
17 · Accounts payable and accrued expenses
beginning of year $15,041 · end of year $0
-
25 · Other liabilities
beginning of year $2,500,000 · end of year $6,001,886
-
27 · Net assets without donor restrictions
beginning of year $2,370,503 · end of year $4,010,514
-
28 · Net assets with donor restrictions
beginning of year $3,552,885 · end of year $7,280,682
Mission and programs · 2022
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 $594,229 · Grants $4,646,124 · Revenue $6,065,624
As filed on the 2022 return.
Listed in Part VII
-
Tracy McAulay
Chairperson
- Total calculated
- $0
- Hours/week
- 3
-
Ken Trigueiro
Vice-Chair
- Total calculated
- $0
- Hours/week
- 3
-
Karen Flock
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Daniel Gonzalez
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Alex Russell
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
-
Marni Brook
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jennie Buckingham
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Carrick DeHart
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
-
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 Petit
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Emilio Ramirez
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Elenore Vaughn
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Linda Braunschweiger
CEO
- Total calculated
- $130,528
- From this org
- $130,528
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321449349300807
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