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Nonprofiteer
← RHF FOUNDATION

Form 990 for tax year 2024

Filed by RHF FOUNDATION.

Totals

Total revenue
$17,472,532
Total expenses
$4,824,073
Contributions and grants received
$4,113,065
Grants paid
$120,193
Program service revenue
$5,877,895
Investment income
$7,481,572
Other revenue
$0
Total assets, end of year
$334,175,069
Total liabilities, end of year
$78,501,678
Net assets or fund balances, end of year
$255,673,391
Program services expenses (Part IX)
$4,821,862
Management and general expenses
$2,211
Fundraising expenses
$0
Program service expenses (Part III)
$4,821,862

Program services were 100.0% 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.

  • 1d · Related organizations

    $4,113,065

  • 2a · Program service revenue: DEVELOPER FEE INCOME

    total $3,324,895 · related or exempt $3,324,895

  • 2b · Program service revenue: RENTAL INCOME

    total $2,553,000 · related or exempt $2,553,000

  • 3 · Investment income

    total $7,481,572 · related or exempt $937,318 · excluded $6,544,254

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,193 · program services $120,193

  • 7 · Other salaries and wages

    total $809,081 · program services $806,870 · management and general $2,211

  • 8 · Pension plan contributions

    total $15,102 · program services $15,102

  • 9 · Other employee benefits

    total $113,189 · program services $113,189

  • 10 · Payroll taxes

    total $52,920 · program services $52,920

  • 11c · Fees: accounting

    total $1,600 · program services $1,600

  • 13 · Office expenses

    total $13,242 · program services $13,242

  • 17 · Travel

    total $44,033 · program services $44,033

  • 19 · Conferences, conventions and meetings

    total $323 · program services $323

  • 20 · Interest

    total $496,660 · program services $496,660

  • 24a · Other expenses: RENT EXPENSES

    total $2,278,853 · program services $2,278,853

  • 24b · Other expenses: BAD DEBTS

    total $480,000 · program services $480,000

  • 24c · Other expenses: AMORTIZATION EXPENSE

    total $274,147 · program services $274,147

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $72,511 · program services $72,511

  • 24e · All other expenses

    total $52,219 · program services $52,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6 · end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $20,226,156 · end of year $32,354,407

  • 4 · Accounts receivable

    beginning of year $8,664,157 · end of year $12,523,030

  • 7 · Other notes and loans receivable

    beginning of year $198,958,093 · end of year $199,521,443

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

    $347,159

  • 10c · Land, buildings and equipment, net

    beginning of year $347,159 · end of year $347,159

  • 11 · Investments: publicly traded securities

    beginning of year $75,061,337 · end of year $77,975,798

  • 12 · Investments: other securities

    beginning of year $2,091,351 · end of year $2,091,351

  • 13 · Investments: program-related

    beginning of year $11,722,986 · end of year $9,361,880

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,048,390 · end of year $3,713,993

  • 23 · Secured mortgages and notes payable

    beginning of year $3,989,830 · end of year $3,973,496

  • 25 · Other liabilities

    beginning of year $71,088,336 · end of year $70,814,189

  • 27 · Net assets without donor restrictions

    beginning of year $161,546,228 · end of year $175,353,862

  • 28 · Net assets with donor restrictions

    beginning of year $77,398,461 · end of year $80,319,529

Mission and programs · 2024

Mission

TO PROVIDE LOW AND VERY LOW INCOME HOUSING DEVELOPMENT AND RESIDENT BENEVOLENT CARE.

  • RHF FOUNDATION, INC., WAS ESTABLISHED TO HOLD CERTAIN TRUST FUNDS ON BEHALF OF RETIREMENT HOUSING FOUNDATION, A CALIFORNIA NONPROFIT CORPORATION. THE TRUST FUNDS WERE AVAILABLE TO PROVIDE DEVELOPMENT AND/OR EQUITY FUNDS FOR NEW PROJECTS BEING DEVELOPED TO PROVIDE SHELTER AND/OR SERVICES FOR VERY LOW, LOW, AND MODERATE INCOME SENIORS; VERY LOW AND LOW INCOME FAMILIES; AND FOR VERY LOW AND LOW INCOME PERSONS WITH DISABILITIES.

    Expenses $4,821,862 · Grants $120,193 · Revenue $6,815,213

As filed on the 2024 return.

Listed in Part VII

  • HARTMAN STUART J

    PRESIDENT/CEO

    Total calculated
    $770,133
    From this org
    $0
    From related orgs
    $693,394
    Other
    $76,739
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $684,994 related
    Bonus
    $0
    Other
    $0 + $8,400 related
    Deferred
    $0 + $38,250 related
    Nontaxable benefits
    $0 + $38,489 related
    Filer's total
    $0 + $770,133 related

  • AMBERG ROBERT R

    EXECUTIVE VP GEN COUNSEL

    Total calculated
    $530,647
    From this org
    $0
    From related orgs
    $475,930
    Other
    $54,717
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $469,930 related
    Bonus
    $0
    Other
    $0 + $6,000 related
    Deferred
    $0 + $36,074 related
    Nontaxable benefits
    $0 + $18,643 related
    Filer's total
    $0 + $530,647 related

  • ROSSELLO FRANK JR

    CFO AND VP OF FINANCE

    Total calculated
    $488,122
    From this org
    $0
    From related orgs
    $457,628
    Other
    $30,494
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,628 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $13,119 related
    Nontaxable benefits
    $0 + $17,375 related
    Filer's total
    $0 + $488,122 related

  • FARD BOBBY J

    VP ACQUIS AND PROJ DEV

    Total calculated
    $326,600
    From this org
    $0
    From related orgs
    $300,470
    Other
    $26,130
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,670 related
    Bonus
    $0
    Other
    $0 + $4,800 related
    Deferred
    $0 + $8,755 related
    Nontaxable benefits
    $0 + $17,375 related
    Filer's total
    $0 + $326,600 related

  • ESCANDON YURI ANDREW

    VP HOUSING OPERATIONS

    Total calculated
    $322,377
    From this org
    $0
    From related orgs
    $266,772
    Other
    $55,605
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,372 related
    Bonus
    $0
    Other
    $0 + $5,400 related
    Deferred
    $0 + $10,119 related
    Nontaxable benefits
    $0 + $45,486 related
    Filer's total
    $0 + $322,377 related

  • GILCHRIST KEVIN DARRELL

    VP DEV FIN & ASSET MGMT

    Total calculated
    $317,115
    From this org
    $0
    From related orgs
    $258,558
    Other
    $58,557
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,358 related
    Bonus
    $0
    Other
    $0 + $4,200 related
    Deferred
    $0 + $7,631 related
    Nontaxable benefits
    $0 + $50,926 related
    Filer's total
    $0 + $317,115 related

  • BATTAGLIA NADA

    VP HUMAN RESOURCES

    Total calculated
    $306,215
    From this org
    $0
    From related orgs
    $252,697
    Other
    $53,518
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,697 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $21,498 related
    Nontaxable benefits
    $0 + $32,020 related
    Filer's total
    $0 + $306,215 related

  • TITUS STEPHANIE L

    TREASURER

    Total calculated
    $310,109
    From this org
    $0
    From related orgs
    $251,721
    Other
    $58,388
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,721 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $7,462 related
    Nontaxable benefits
    $0 + $50,926 related
    Filer's total
    $0 + $310,109 related

  • KING DIANE D

    COMPL AND PRIVACY OFFICER

    Total calculated
    $259,898
    From this org
    $0
    From related orgs
    $237,670
    Other
    $22,228
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,520 related
    Bonus
    $0
    Other
    $0 + $3,150 related
    Deferred
    $0 + $5,033 related
    Nontaxable benefits
    $0 + $17,195 related
    Filer's total
    $0 + $259,898 related

  • MAGNONE VINCENT B

    VP TREASURY & INVSTMT OFF

    Total calculated
    $254,783
    From this org
    $0
    From related orgs
    $233,022
    Other
    $21,761
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,122 related
    Bonus
    $0
    Other
    $0 + $900 related
    Deferred
    $0 + $5,865 related
    Nontaxable benefits
    $0 + $15,896 related
    Filer's total
    $0 + $254,783 related

  • CLOW JOHN C

    VP RISK MANAGEMENT

    Total calculated
    $248,543
    From this org
    $0
    From related orgs
    $226,254
    Other
    $22,289
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,254 related
    Bonus
    $0
    Other
    $0 + $3,000 related
    Deferred
    $0 + $6,698 related
    Nontaxable benefits
    $0 + $15,591 related
    Filer's total
    $0 + $248,543 related

  • MICKELSON LAVONNE R

    DIR OF AFFORD HOUSING OPS

    Total calculated
    $209,677
    From this org
    $0
    From related orgs
    $204,802
    Other
    $4,875
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,602 related
    Bonus
    $0
    Other
    $0 + $4,200 related
    Deferred
    $0 + $4,875 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $209,677 related

  • STECKBECK KENT

    BUDGET & ANALYTICS DIR

    Total calculated
    $206,102
    From this org
    $0
    From related orgs
    $200,731
    Other
    $5,371
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,731 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,371 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $206,102 related

  • PHELPS LORI ANN

    INFO SYSTEMS DIRECTOR

    Total calculated
    $204,059
    From this org
    $0
    From related orgs
    $198,115
    Other
    $5,944
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,115 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,944 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $204,059 related

  • ROBINSON TINA M

    VP HOUSING ACCOUNTING

    Total calculated
    $214,780
    From this org
    $0
    From related orgs
    $193,656
    Other
    $21,124
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,656 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,900 related
    Nontaxable benefits
    $0 + $17,224 related
    Filer's total
    $0 + $214,780 related

  • HALL MAGGIE W

    ASSOCIATE COUNSEL

    Total calculated
    $212,890
    From this org
    $0
    From related orgs
    $189,413
    Other
    $23,477
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,756 related
    Nontaxable benefits
    $0 + $17,721 related
    Filer's total
    $0 + $212,890 related

  • CHUNG DEAN H

    CONTROLLER

    Total calculated
    $213,671
    From this org
    $0
    From related orgs
    $181,894
    Other
    $31,777
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,894 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,425 related
    Nontaxable benefits
    $0 + $29,352 related
    Filer's total
    $0 + $213,671 related

  • SANCHEZ OMAR E

    CONSTRUCTION MANAGER SR

    Total calculated
    $199,550
    From this org
    $0
    From related orgs
    $183,630
    Other
    $15,920
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,430 related
    Bonus
    $0
    Other
    $0 + $4,200 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,920 related
    Filer's total
    $0 + $199,550 related

  • SILVA JOANNE L

    VP OCCUPANCY & TAX CREDIT

    Total calculated
    $212,522
    From this org
    $0
    From related orgs
    $183,549
    Other
    $28,973
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,149 related
    Bonus
    $0
    Other
    $0 + $2,400 related
    Deferred
    $0 + $13,411 related
    Nontaxable benefits
    $0 + $15,562 related
    Filer's total
    $0 + $212,522 related

  • FOX LAURA L

    DIRECTOR OF CORP RECORDS

    Total calculated
    $182,283
    From this org
    $0
    From related orgs
    $164,261
    Other
    $18,022
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,261 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,991 related
    Nontaxable benefits
    $0 + $13,031 related
    Filer's total
    $0 + $182,283 related

  • HART DONALD G

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

  • KOIDE BRIAN M

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

  • POTTER CHRISTINA E

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION COMPENSATES THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR AND USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE COMPENSATION COMMITTEE AND BOARD.
SCHEDULE J, PART II:
DIRECTORS AND OFFICERS ARE MEMBERS OF RETIREMENT HOUSING FOUNDATION WHICH IS A RELATED ORGANIZATION THAT SPONSORS AND MANAGES APPROXIMATELY 190 TAX EXEMPT ORGANIZATIONS AND PARTNERSHIPS THAT PROVIDE AFFORDABLE AND MARKET-RATE HOUSING, SKILLED NURSING AND ASSISTED LIVING SERVICES FOR SENIOR ADULTS, LOW INCOME FAMILIES AND PERSONS WITH DISABILITIES THROUGHOUT THE UNITED STATES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
29 May 2026
IRS schema version
2024v5.5
Source object
202601529349300900

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