HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY

aka HEART - The Housing Endowment and Regional Trust of San Mateo County   |   San Mateo, CA   |  www.heartofsmc.org

Mission

HEART’s mission is to raise money from public and private sources and invest the funds to create affordable housing for low- and moderate-income families.

Ruling year info

2008

Principal Officer

Armando Sanchez

Main address

2905 S. El Camino Real

San Mateo, CA 94403 USA

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EIN

72-1589835

NTEE code info

Fund Raising and/or Fund Distribution (L12)

Housing Development, Construction, Management (L20)

Alliance/Advocacy Organizations (L01)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

QuickStart Revolving Loan Fund

Offers 3 to 5 year short-term, low-interest loans to housing developers for construction or preservation of affordable housing for seniors or working families in San Mateo County.

Population(s) Served

"Opening Doors in Our Community" offers downpayment assistance loans to low and moderate-income homebuyers looking to move or stay in San Mateo County.
 
This is in response to the high cost of housing in San Mateo County and tighter lending restrictions since the housing crash of 2008. 

HEART offers a downpayment assistance loan up to $75,000, together with a mortgage from Meriwest Credit Union. Qualifications are:
Household income up to $150,000
Maximum purchase price of $521,250
Minimum 5% downpayment required
Similar to FHA loan, but without restrictions
FICO score of 680 or better
Work or live in San Mateo County
First-time or "move-closer buyer"
apply online at www.heartofsmc.org/open or call Meriwest Mortgage at 408-363-3451

Population(s) Served

Where we work

Awards

Sustainability Award 2010

Sustainable San Mateo County

Growing Smarter Together - Public-Private Partnership 2009

Association of Bay Area Governments - ABAG

Award of Excellence - Public Agency 2007

SAMCEDA

Financials

HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Compare nonprofit financials to similar organizations

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HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY

Board of directors
as of 4/23/2020
SOURCE: Self-reported by organization
Board chair

Don Horsley

Board of Supervisors, County of San Mateo

Julie Baigent

Attorney

Karyl Eldridge

Peninsula Interfaith Action

Larry Franzella

Prudential CA Real Estate

Warren Slocum

County of San Mateo

Jack Matthews

John Matthews Architects

Anne Oliva

City of Millbrae

Diane Howard

City of Redwood City

Sara McDowell

City of San Carlos

Mark Nagales

City of South San Francisco

Pam Frisella

Former Mayor, City of Foster City

Rick Bonilla

City of San Mateo

Glenn Sylvester

City of Daly City

Michael Brownrigg

City of Burlingame

Sam Hindi

City of Foster City

Deborah Penrose

City of Half Moon Bay

David Hopkins

Sares Regis Group of Northern California

Kitty Lopez

First 5 San Mateo County

Nancy Magee

San Mateo County Office of Education

Robert Morehead

First Republic Bank

James Ruigomez

San Mateo County Building & Construction Trades Council

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No