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← HOUSING TRUST FUND VENTURA COUNTY

Form 990 for tax year 2023

Filed by HOUSING TRUST FUND VENTURA COUNTY.

Totals

Total revenue
$4,127,413
Total expenses
$768,598
Contributions and grants received
$3,498,514
Grants paid
$40,100
Program service revenue
$63,570
Investment income
$500,196
Other revenue
$65,133
Total assets, end of year
$20,906,760
Total liabilities, end of year
$6,256,749
Net assets or fund balances, end of year
$14,650,011
Program services expenses (Part IX)
$718,857
Management and general expenses
$0
Fundraising expenses
$49,741
Program service expenses (Part III)
$718,857

Program services were 93.5% 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.

  • 1e · Government grants (contributions)

    $3,371,168

  • 1f · All other contributions, gifts and grants

    $127,346

  • 1g · Noncash contributions included above

    $22,324

  • 2a · Program service revenue: Board Dues

    total $8,750 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Application Fees

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

  • 2c · Program service revenue: Documentation Fees

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

  • 2d · Program service revenue: Loan Origination Fee

    total $45,320 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Underwriting Fee

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

  • 2f · All other program service revenue

    total $7,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $500,196 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $96,715

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

    $96,715

  • 8b · Fundraising events: direct expenses

    $31,582

  • 8c · Net income from fundraising events

    total $65,133 · unrelated business $0 · excluded $65,133

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,100 · program services $40,100

  • 5 · Compensation of officers, directors and key employees

    total $141,064 · program services $126,958 · management and general $0 · fundraising $14,106

  • 7 · Other salaries and wages

    total $141,339 · program services $133,747 · management and general $0 · fundraising $7,592

  • 10 · Payroll taxes

    total $24,531 · program services $22,078 · management and general $0 · fundraising $2,453

  • 11b · Fees: legal

    total $1,930 · program services $1,930 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $6,074 · program services $6,074 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $104,843 · program services $83,980 · management and general $0 · fundraising $20,863

  • 14 · Information technology

    total $7,496 · program services $4,996 · management and general $0 · fundraising $2,500

  • 16 · Occupancy

    total $21,300 · program services $21,300 · management and general $0 · fundraising $0

  • 17 · Travel

    total $5,532 · program services $5,532 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,981 · program services $3,981 · management and general $0 · fundraising $0

  • 20 · Interest

    total $162,140 · program services $162,140 · 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 $13,386 · program services $11,159 · management and general $0 · fundraising $2,227

  • 24a · Other expenses: Bank Service Charge

    total $11,838 · program services $11,838 · management and general $0 · fundraising $0

  • 24b · Other expenses: Office Telephone/Internet

    total $1,499 · program services $1,499 · management and general $0 · fundraising $0

  • 24c · Other expenses: Office Supplies

    total $379 · program services $379 · management and general $0 · fundraising $0

  • 24d · Other expenses: Membership dues

    total $4,911 · program services $4,911 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $74,997 · program services $74,997 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,685,845 · end of year $7,592,528

  • 2 · Savings and temporary cash investments

    beginning of year $2,787,023 · end of year $475,780

  • 4 · Accounts receivable

    beginning of year $8,219 · end of year $442,040

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,536 · end of year $6,236

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

    $888,290

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

    $4,089

  • 10c · Land, buildings and equipment, net

    beginning of year $885,459 · end of year $884,201

  • 15 · Other assets

    beginning of year $8,925,000 · end of year $11,505,975

  • 25 · Other liabilities

    beginning of year $6,001,886 · end of year $6,256,749

  • 27 · Net assets without donor restrictions

    beginning of year $4,010,514 · end of year $6,490,723

  • 28 · Net assets with donor restrictions

    beginning of year $7,280,682 · end of year $8,159,288

Mission and programs · 2023

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 $718,857 · Revenue $4,158,995

As filed on the 2023 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
    $141,064
    From this org
    $141,064
    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
2023
Filed
2 April 2024
IRS schema version
2023v5.0
Source object
202421649349301952

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