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 create and preserve affordable housing for low- and moderate-income families by raising and investing money from public and private sources.

Ruling year info

2008

Executive Director

Armando F. 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
Adults

HEART's First Time Homebuyer Program offers downpayment assistance loans to low and moderate-income homebuyers looking to move or stay in San Mateo County.
 
This program addresses the high cost of housing in San Mateo County and tighter lending restrictions since the housing crash of 2008. 

Program eligibility and delivery is available on our website.

Population(s) Served
Adults

HEART provides several designs for green, all-electric detached Accessory Dwelling Units (ADUs) that can be downloaded by the public at no cost. Helping homeowners save on design costs and months of design development time, HEART’s investment allows homeowners to focus their expenditures on improved energy efficiency and renewable energy options to reduce greenhouse gas emissions and energy bills. The cost and time savings make building ADUs more accessible and equitable for homeowners who are struggling with cost constraints and for whom ADUs are cost-prohibitive. Our program contributes to increasing housing stock and our designs can be used anywhere in California. Additionally, we have developed a FREE Green and Livable Accessory Dwelling Unit Resource Guide handbook which provides key information and resources for building ADUs and can be used independently of the ADU designs by all homeowners.

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

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We focus on increasing affordable housing for middle- and low-income residents in San Mateo County to maintain the diversity and culture of the community while increasing equity. We support the climate action and ensure sustainable development of Green Livable Accessory Dwelling Units (ADU) while making the construction of ADUs more equitable by providing free construction plans and a handbook guide. The new construction projects HEART is funding are on average targeting LEED Gold with all the green specifications required under this standard, supporting sustainability, climate action, housing affordability, and partnership goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    We serve homeowners, first-time homebuyers, and the middle- and low-income income community of San Mateo County.

  • How is your organization collecting feedback from the people you serve?

    Suggestion box/email, We collect feedback and testimonials from our first time home buyers,

  • How is your organization using feedback from the people you serve?

    To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects,

  • What significant change resulted from feedback?

    We heard from the community we serve that the income limits and purchase price maximums for our first-time home buyer program were out of date and limiting access/use of the program. In response to that feedback, our board passed a resolution in March 2022 for changes to the program to the income limits to create greater accessibility, especially for middle-income families.

  • With whom is the organization sharing feedback?

    Our staff, Our board, Our funders, Our community partners,

  • How has asking for feedback from the people you serve changed your relationship?

    Our goal is to serve the community and, based on community need/feedback, we are currently developing new programs to continually increase our support of affordable housing for low-income families in San Mateo County.

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We act on the feedback we receive,

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback,

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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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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HOUSING ENDOWMENT AND REGIONAL TRUST OF SAN MATEO COUNTY

Board of directors
as of 06/28/2022
SOURCE: Self-reported by organization
Board chair

Don Horsley

Board of Supervisors, County of San Mateo

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

Nancy Magee

San Mateo County Office of Education

Robert Morehead

First Republic Bank

Bart Pantoja

Building & Construction Trades Council of San Mateo County

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? Yes
  • 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

Organizational demographics

SOURCE: Self-reported; last updated 6/28/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

No data

Equity strategies

Last updated: 06/28/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.