Civic Intelligence

Homeownership San Francisco DBA Home Sf

990 • Fiscal year 2019 • EIN 26-4226218

Jul 01, 2018 to Jun 30, 2019 • Filed on May 08, 2020

275 5th StreetSan Francisco, CA 94103

(415) 202-5462

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.26x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.32x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

59th percentile

7.5%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$85,260

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-0.5%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$660,851

Up $67,274 (+11%) from 2018

Net Assets

Up

$488,480

Up $40,277 (+9.0%) from 2018

Liabilities

Up

$172,371

Up $26,997 (+19%) from 2018

Revenue

Down

$534,751

Down $2,628 (-0.5%) from 2018

Expenses

Up

$494,474

Up $32,662 (+7.1%) from 2018

Net Income

Down

$40,277

Down $35,290 (-47%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2015: $207,273Liabilities 2015: $43,337Net Assets 2015: $163,9362015Assets 2016: $376,547Liabilities 2016: $104,521Net Assets 2016: $272,0262016Assets 2017: $466,224Liabilities 2017: $93,588Net Assets 2017: $372,6362017Assets 2018: $593,577Liabilities 2018: $145,374Net Assets 2018: $448,2032018Assets 2019: $660,851Liabilities 2019: $172,371Net Assets 2019: $488,4802019Assets 2020: $856,378Liabilities 2020: $399,553Net Assets 2020: $456,8252020Assets 2021: $1,000,950Liabilities 2021: $433,660Net Assets 2021: $567,2902021Assets 2022: $912,704Liabilities 2022: $289,750Net Assets 2022: $622,9542022Assets 2023: $965,492Liabilities 2023: $246,124Net Assets 2023: $719,3682023Assets 2024: $1,289,232Liabilities 2024: $369,562Net Assets 2024: $919,6702024Assets 2025: $1,333,582Liabilities 2025: $528,866Net Assets 2025: $804,7162025

Highlighted filing

2019

Assets$660,851
Liabilities$172,371
Net Assets$488,480

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $329,068Expenses 2015: $322,373Net Income 2015: $6,6952015Revenue 2016: $431,177Expenses 2016: $323,087Net Income 2016: $108,0902016Revenue 2017: $421,981Expenses 2017: $321,371Net Income 2017: $100,6102017Revenue 2018: $537,379Expenses 2018: $461,812Net Income 2018: $75,5672018Revenue 2019: $534,751Expenses 2019: $494,474Net Income 2019: $40,2772019Revenue 2020: $549,424Expenses 2020: $581,079Net Income 2020: -$31,6552020Revenue 2021: $703,247Expenses 2021: $592,782Net Income 2021: $110,4652021Revenue 2022: $741,971Expenses 2022: $686,307Net Income 2022: $55,6642022Revenue 2023: $826,380Expenses 2023: $729,966Net Income 2023: $96,4142023Revenue 2024: $975,579Expenses 2024: $775,277Net Income 2024: $200,3022024Revenue 2025: $656,894Expenses 2025: $771,848Net Income 2025: -$114,9542025

Highlighted filing

2019

Revenue$534,751
Expenses$494,474
Net Income$40,277
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 8, 2020
Return Version
2018v3.1
Gross Receipts
$534,751
Mission and Program Overview

Mission

The Organization is a citywide collaborative of housing counseling agencies that helps diverse and underserved households achieve and sustain homeownership in San Francisco.

HomeownershipSF helps diverse and underserved households achieve and sustain homeownership in San Francisco through a coordinated network of member organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$409,487$399,686▼ $9,801
Accounts Receivable$124,610$178,193▲ $53,583
Savings and Temporary Cash Investments$52,352$72,372▲ $20,020
Prepaid Expenses and Deferred Charges$5,628$7,450▲ $1,822
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$593,577$660,851▲ $67,274
Other Assets Total$1,500$3,150▲ $1,650
Liabilities
Accounts Payable and Accrued Expenses$133,012$147,769▲ $14,757
Other Liabilities$12,362$13,202▲ $840
Deferred Revenue-$11,400-
Total Liabilities$145,374$172,371▲ $26,997
Net Assets / Fund Balance
Unrestricted Net Assets$439,245$455,895▲ $16,650
Temporarily Rstr Net Assets$8,958$32,585▲ $23,627
Total Net Assets Fund Balance$448,203$488,480▲ $40,277
Total Liabilities and Net Assets / Fund Balance$593,577$660,851▲ $67,274

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$73,768-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shannon WayExecutive DirectorFT$85,260$85,260

Board Members and Trustees

NameTitle
Christi BakerBoard Chair
Elmar AslamiVice-Chair
Halbert LuongBoard member
Joel LuebkemaBoard member
Keith RockmaelBoard member
Laurel EngbretsonBoard member
Nobby ChengBoard member
Rick HarperBoard member
Rico DelgadilloBoard member
Sheri PowersBoard member
Wayne RafusBoard member
Daniel LauCorr Secretary
Katy FitzsimmonsRec. Secty
Juan Diego CastroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$515,271
Program Service Revenue
$19,460
Investment Income
$0
Other Revenue
$20
All Other Contributions
$147,802
Change in Net Assets
$40,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$534,751
Total Revenue per Audited Statements
$534,751
Total Revenue per Form 990
$534,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$336,046
Other Expenses$158,428
Total Fundraising Expense$6,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,009$8,043$2,011$201,063
Current Officers, Directors, Trustees, and Key Employees$81,938$3,450$862$86,250
Fees for Services Other$37,943$2,888-$40,831
Fees for Services Accounting-$28,763-$28,763
Occupancy$24,463$1,159$252$25,874
Other Employee Benefits$23,622$1,454$249$25,325
Office Expenses$21,381$1,225$982$23,588
Payroll Taxes$22,558$613$237$23,408
Advertising$11,569-$160$11,729
Information Technology$7,948$2,377$329$10,654
Travel$5,683$1,374$1,067$8,124
Insurance$3,003$126$32$3,161
Other Expenses$500$204-$704
Total Functional Expenses$431,617$56,676$6,181$494,474

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$494,474
Total Expenses per Audited Statements$494,474
Total Expenses per Form 990$494,474
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shannon WayEmployee/Former BODPayrollNo$86,250

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$13,201
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board reviews the 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members sign conflict of interest statement at each annual board meeting.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Documents are available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Homeownership San Francisco
EIN
26-4226218
Phone
4152025462
Address
275 5th Street, San Francisco, CA 94103

Signing Officer

Name
Shannon Way
Title
Executive Director
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
30

Preparer

Firm
Patricia A Foley EA
Address
1131 Comanche Drive, Fawnskin, CA 92333
Preparer
Patricia A Foley
Phone
5105896820
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