Housing Trust Fund Ventura County

Everyone deserves a home

Camarillo, CA | www.housingtrustfundvc.org

GuideStar Charity Check

EIN: 45-3191747

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

View summary

Charity Check report

Mission

The mission of Housing Trust Fund Ventura County (HTFVC) is to partner with supporters, donors and developers in providing affordable housing options that create stable homes for underserved residents of Ventura County and increasing the supply of affordable housing.

Notes from the nonprofit

Providing low-interest rate loans to develop affordable housing in Ventura County, California.

Ruling year info

2012

CEO

Linda Braunschweiger

Deputy Director, Loan Portfolio Manager

Jason Gaffner

Main address

360 Mobil Ave. Suite 213AA

Camarillo, CA 93010 USA

Show more contact info

EIN

45-3191747

Subject area info

Community and economic development

Shelter and residential care

Population served info

Economically disadvantaged people

Homeless people

Low-income people

NTEE code info

Fund Raising and/or Fund Distribution (L12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

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

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

As the 8th most expensive metropolitan area in the US (National Low Income Housing Coalition), 78% of Ventura County residents do not earn enough ($34.95/hr.) to afford a 2-bedroom apartment at market-rate (ave. $2,039/mo.); almost 22% of households in the County make less than 46% of median household income; 10% are living below poverty level. Chronic very low vacancy rate (below 3%) creates high demand and premium pricing. Average age of apartments is 40 years, requiring more maintenance and are more likely to have expiring affordable covenants. The results of high housing costs comparative to wage include high homeless or at-risk population, families with more than one full-time job, crowded living conditions, spending 50% or more on housing, minimal resources for food, healthcare and education, hard to retain and attract businesses and jobs to the region, high commuter traffic.

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?

Revolving Loan Fund

The "Revolving Loan Fund" generates below market interest rate loans for pre-development, construction, and bridge/gap loans to developers producing affordable multifamily housing unit in Ventura County.

Population(s) Served

Economically disadvantaged people

Homeless people

Where we work

Awards

Nonprofit of the Year 2019

Ventura Chamber of Commerce

CEO named top 50 Women In Business Award 2021

Pacific Coast Business Time

CEO named top 50 Women in Business Award 2022

Pacific Business Time

CEO named top 50 Women in Business Award 2023

Pacific Business Time

Affiliations & memberships

Ventura Chamber of Commerce - Nonprofit of the Year 2019

Housing Land Trust Ventura County a supporting nonprofit 2020

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

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.

What is the organization aiming to accomplish?

Our primary goal is to increase the supply of affordable housing in Ventura County, thereby creating strong, sustainable, inclusive communities and quality homes that are affordable for all. Ultimately, we aim to utilize housing as a platform for improving quality of life. To address this problem, we help finance new and safe affordable housing for low-income individuals and families. We attract capital from sources not traditionally dedicated to housing, and leverage it with public, corporate, nonprofit and individual funds, building a revolving loan fund dedicated to expanding affordable and workforce housing. From the Fund we make short-term, below-market interest rate loans to developers for new affordable housing projects. We provide capital for single-family, multi-family, rental and owner-occupied affordable housing. We play a key role as part of a project's total financing mix, helping attract funds from other sources. We aim to support both the affordable housing developer as well as the renter and future homeowner through consultation and other services.

What are the organization's key strategies for making this happen?

From our Revolving Loan Fund we make short-term, below-market interest rate loans to developers for new affordable housing projects. Eligible projects include 1) new construction of affordable housing, and 2) acquisition and conversion of market rate housing or non-residential property to affordable housing. Loans are typically awarded for pre-development, gap financing, and construction costs. As resources permit, we are able to provide longer terms and other types of loans such as rehab of housing with expiring covenants to keep them affordable. Currently we prioritize funding for developments that serve: veterans, homeless, youth transitioning out of foster care, farm-workers, and extremely-low to low-income households. To increase our positive impact on housing affordability, we are looking at other products/services including down-payment assistance, shared ownership equity through a land trust, first-time home-buyer assistance programs, temporary and semi-permanent shelter assistance, etc.

What are the organization's capabilities for doing this?

In the twelve years since formation, we have developed a Revolving Loan Fund over $6 million with support from an impressive varied mix of 85 for-profit businesses, 35 foundations/non-profits, the State, County and all 10 cities, and 204 individuals. We are a certified CDFI, certified at the federal level in March 2018, and in 2015 at the State COIN level. We are actively growing this fund by pursuing C1DFI investments and grants, participating in the State of California Prop. 1 program (voter approved Nov. 2018) with a potential $25m match, receiving low-interest investment loans, engaging businesses and employers at the local level (possible Community Impact Note product), developing a legislated dedicated funding source, and supporting legislative efforts and the State level.
We have 2.5 staff, 5 contract consultants, 18 board members, and several other individuals as committee members and volunteers. Our board members represent varied sectors including local government, banking, housing development, housing providers, real estate industry, target populations, and legal. We are active participants in local and regional housing and economic development forums partnering with other nonprofits, business community, university research, and municipal players.

What have they accomplished so far and what's next?

2011 - Granted 501c3 nonprofit status
April 2016 - Certified under the State COIN CDFI program (California Organized Investment Network)
March 2018 - Certified under the federal CDFI program

2012 - Received a $2 million matching grant from State of California (Prop. 1C)
July 2016 - Raised the full $2 million matched funds
Dec. 2016 - Loaned (or committed) the full $4 million of grant + match.

2013 - 2018 $4.7 million in 12 loans for 10 projects creating 143 new affordable housing units.
2013 - 2018 $2.78 million in repaid loans, put back into the Fund.
Jan 2017 - First long-term residual receipts loan
Dec 2017 - First for-sale, single-family development loan
June 2022 - First (TAY) Transitional Age Youth project funded- Ten tiny homes

Hosted 9 successful annual celebration/fundraising events each attended by about 160-200 people.
Financial support from 335 separate individuals, businesses, organizations and municipal entities, including ALL ten cities and the County.
Received $2.5 million in investment loans from 5 entities.

As of March 2021, HTFVC has lent close to $11M in short term loans for pre-development, acquisition, construction, and gap/bridge funding for new affordable housing. These developments will produce 720 units of housing.

Financials

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Housing Trust Fund Ventura County

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$10,974
Government Grants	$696,667
Program Services	$0
Investments	$496
Special Events	$18,381
Sales	$0
Other	$708
Total Revenue	$727,226

Expenses
Program Services	$75,510
Administration	$0
Fundraising	$0
Total Expenses	$75,510
Net Gain/Loss	$651,716

Functional expenses
Accounting Fees	$1,860
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$3,401
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$4,616
Government Grants	$673,333
Program Services	$18,999
Investments	$6,257
Special Events	$23,321
Sales	$0
Other	$0
Total Revenue	$726,526

Expenses
Program Services	$87,293
Administration	$0
Fundraising	$339
Total Expenses	$87,632
Net Gain/Loss	$638,894

Functional expenses
Accounting Fees	$2,345
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$853
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$86,166
Government Grants	$473,600
Program Services	$21,500
Investments	$32,498
Special Events	$15,484
Sales	$0
Other	$0
Total Revenue	$629,248

Expenses
Program Services	$103,495
Administration	$0
Fundraising	$4,340
Total Expenses	$107,835
Net Gain/Loss	$521,413

Functional expenses
Accounting Fees	$3,282
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$888
Interest Expenses	$3,991
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$16,118
Government Grants	$212,280
Program Services	$10,750
Investments	$55,849
Special Events	$26,065
Sales	$0
Other	$0
Total Revenue	$321,062

Expenses
Program Services	$113,783
Administration	$0
Fundraising	$11,754
Total Expenses	$125,537
Net Gain/Loss	$195,525

Functional expenses
Accounting Fees	$3,092
Advertising & Promotion	$475
Information Technology Expenses	$650
Insurance Expenses	$1,089
Interest Expenses	$6,496
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$7,509
Government Grants	$161,001
Program Services	$8,750
Investments	$41,514
Special Events	$39,304
Sales	$0
Other	$0
Total Revenue	$258,078

Expenses
Program Services	$124,510
Administration	$0
Fundraising	$20,575
Total Expenses	$145,085
Net Gain/Loss	$112,993

Functional expenses
Accounting Fees	$3,891
Advertising & Promotion	$1,731
Information Technology Expenses	$1,440
Insurance Expenses	$1,214
Interest Expenses	$7,504
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$50,281
Government Grants	$1,263,873
Program Services	$14,375
Investments	$54,777
Special Events	$67,050
Sales	$0
Other	$0
Total Revenue	$1,450,356

Expenses
Program Services	$134,028
Administration	$0
Fundraising	$36,792
Total Expenses	$170,820
Net Gain/Loss	$1,279,536

Functional expenses
Accounting Fees	$4,055
Advertising & Promotion	$3,030
Information Technology Expenses	$1,440
Insurance Expenses	$1,255
Interest Expenses	$8,397
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$14,319
Government Grants	$150,000
Program Services	$8,250
Investments	$62,785
Special Events	$46,872
Sales	$0
Other	$0
Total Revenue	$282,226

Expenses
Program Services	$182,673
Administration	$0
Fundraising	$25,551
Total Expenses	$208,224
Net Gain/Loss	$74,002

Functional expenses
Accounting Fees	$3,261
Advertising & Promotion	$3,551
Information Technology Expenses	$3,925
Insurance Expenses	$10,315
Interest Expenses	$21,759
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$92,805
Government Grants	$100,000
Program Services	$58,524
Investments	$99,195
Special Events	$82,725
Sales	$0
Other	$0
Total Revenue	$433,249

Expenses
Program Services	$266,350
Administration	$0
Fundraising	$29,617
Total Expenses	$295,967
Net Gain/Loss	$137,282

Functional expenses
Accounting Fees	$3,691
Advertising & Promotion	$38,085
Information Technology Expenses	$4,176
Insurance Expenses	$8,653
Interest Expenses	$32,791
Investment Management Fees	$0
Legal Fees	$12,184
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$100,600
Government Grants	$224,900
Program Services	$29,350
Investments	$115,455
Special Events	$32,695
Sales	$0
Other	$0
Total Revenue	$503,000

Expenses
Program Services	$353,400
Administration	$0
Fundraising	$41,397
Total Expenses	$394,797
Net Gain/Loss	$108,203

Functional expenses
Accounting Fees	$6,000
Advertising & Promotion	$78,132
Information Technology Expenses	$10,526
Insurance Expenses	$8,752
Interest Expenses	$51,158
Investment Management Fees	$0
Legal Fees	$16,502
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$130,466
Government Grants	$2,326,365
Program Services	$54,182
Investments	$116,565
Special Events	$49,161
Sales	$0
Other	$0
Total Revenue	$2,676,739

Expenses
Program Services	$421,028
Administration	$0
Fundraising	$68,499
Total Expenses	$489,527
Net Gain/Loss	$2,187,212

Functional expenses
Accounting Fees	$6,416
Advertising & Promotion	$93,026
Information Technology Expenses	$5,884
Insurance Expenses	$9,968
Interest Expenses	$76,384
Investment Management Fees	$0
Legal Fees	$13,506
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$939,224
Government Grants	$4,616,124
Program Services	$133,500
Investments	$258,693
Special Events	$65,859
Sales	$0
Other	$0
Total Revenue	$6,013,400

Expenses
Program Services	$594,229
Administration	$0
Fundraising	$51,363
Total Expenses	$645,592
Net Gain/Loss	$5,367,808

Functional expenses
Accounting Fees	$6,000
Advertising & Promotion	$99,187
Information Technology Expenses	$9,465
Insurance Expenses	$11,017
Interest Expenses	$135,061
Investment Management Fees	$0
Legal Fees	$487
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Housing Trust Fund Ventura County

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$10,974
Cash & Equivalents	$0	$651,716	$651,716
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$0	$651,716	$651,716

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2012	Dec 31, 2012	Change
Temporarily Restricted Net Assets	$0	$597,667	$597,667
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$597,667	$597,667
Unrestricted Net Assets	$0	$54,049	$54,049
Net Assets	$0	$651,716	$651,716

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$4,616
Cash & Equivalents	$651,716	$781,265	$129,549
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$10,000	$10,000
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$1,960,100	$1,960,100
Total Assets	$651,716	$2,751,365	$2,099,649

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Accounts Payable	$0	$755	$755
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$1,460,000	$1,460,000
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$1,460,755	$1,460,755

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Temporarily Restricted Net Assets	$597,667	$1,271,000	$673,333
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$597,667	$1,271,000	$673,333
Unrestricted Net Assets	$54,049	$19,610	($34,439)
Net Assets	$651,716	$1,290,610	$638,894

Assets	Jan 01, 2014	Dec 31, 2014	Change
Contributions	$86,166
Cash & Equivalents	$781,265	$827,979	$46,714
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$10,000	$35,216	$25,216
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,960,100	$2,356,030	$395,930
Total Assets	$2,751,365	$3,219,225	$467,860

Liabilities	Jan 01, 2014	Dec 31, 2014	Change
Accounts Payable	$755	$1,302	$547
Grants Payable	$0	$0	$0
Deferred Revenue	$1,460,000	$1,055,900	($404,100)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$350,000	$350,000
Total Liabilities	$1,460,755	$1,407,202	($53,553)

Fund balance	Jan 01, 2014	Dec 31, 2014	Change
Temporarily Restricted Net Assets	$1,087,503	$1,569,103	$481,600
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$1,087,503	$1,569,103	$481,600
Unrestricted Net Assets	$203,107	$242,920	$39,813
Net Assets	$1,290,610	$1,812,023	$521,413

Assets	Jan 01, 2015	Dec 31, 2015	Change
Contributions	$16,118
Cash & Equivalents	$827,979	$1,706,153	$878,174
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$35,216	$2,992	($32,224)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$2,356,030	$1,856,000	($500,030)
Total Assets	$3,219,225	$3,565,145	$345,920

Liabilities	Jan 01, 2015	Dec 31, 2015	Change
Accounts Payable	$1,302	$1,697	$395
Grants Payable	$0	$0	$0
Deferred Revenue	$1,055,900	$1,205,900	$150,000
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$350,000	$350,000	$0
Total Liabilities	$1,407,202	$1,557,597	$150,395

Fund balance	Jan 01, 2015	Dec 31, 2015	Change
Temporarily Restricted Net Assets	$1,569,103	$1,734,111	$165,008
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$1,569,103	$1,734,111	$165,008
Unrestricted Net Assets	$242,920	$273,437	$30,517
Net Assets	$1,812,023	$2,007,548	$195,525

Assets	Jan 01, 2016	Dec 31, 2016	Change
Contributions	$7,509
Cash & Equivalents	$1,706,153	$1,306,055	($400,098)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,992	$350	($2,642)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,856,000	$2,071,300	$215,300
Total Assets	$3,565,145	$3,377,705	($187,440)

Liabilities	Jan 01, 2016	Dec 31, 2016	Change
Accounts Payable	$1,697	$1,264	($433)
Grants Payable	$0	$0	$0
Deferred Revenue	$1,205,900	$905,900	($300,000)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$350,000	$350,000	$0
Total Liabilities	$1,557,597	$1,257,164	($300,433)

Fund balance	Jan 01, 2016	Dec 31, 2016	Change
Temporarily Restricted Net Assets	$1,734,111	$1,874,103	$139,992
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$1,734,111	$1,874,103	$139,992
Unrestricted Net Assets	$273,437	$246,438	($26,999)
Net Assets	$2,007,548	$2,120,541	$112,993

Assets	Jan 01, 2017	Dec 31, 2017	Change
Contributions	$50,281
Cash & Equivalents	$1,306,055	$2,532,012	$1,225,957
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$350	$6,000	$5,650
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$2,071,300	$1,719,257	($352,043)
Total Assets	$3,377,705	$4,257,269	$879,564

Liabilities	Jan 01, 2017	Dec 31, 2017	Change
Accounts Payable	$1,264	$7,192	$5,928
Grants Payable	$0	$0	$0
Deferred Revenue	$905,900	$0	($905,900)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$350,000	$850,000	$500,000
Total Liabilities	$1,257,164	$857,192	($399,972)

Housing Trust Fund Ventura County

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Housing Trust Fund Ventura County’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	-$58,496	$158,892	-$93,882	$2,000,001	$1,641,269
As % of expenses	-28.1%	53.7%	-23.8%	409.6%	254.7%
Unrestricted surplus (deficit) after depreciation	-$58,496	$158,892	-$94,197	$1,998,743	$1,640,011
As % of expenses	-28.1%	53.7%	-23.9%	408.3%	254.0%

Revenue composition
Total revenue (unrestricted & restricted)	$282,226	$433,249	$503,000	$2,676,739	$6,013,400
Total revenue, % change over prior year	-80.5%	53.5%	16.1%	432.2%	124.7%
Program services revenue	2.9%	13.5%	5.8%	2.0%	2.2%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	22.2%	22.9%	23.0%	4.4%	4.3%
Government grants	53.1%	23.1%	44.7%	86.9%	76.8%
All other grants and contributions	21.7%	40.5%	26.5%	6.7%	16.7%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$208,224	$295,967	$394,482	$488,269	$644,334
Total expenses, % change over prior year	21.9%	42.1%	33.3%	23.8%	32.0%
Personnel	67.4%	52.6%	37.9%	39.7%	32.7%
Professional fees	1.6%	5.4%	5.7%	4.1%	1.0%
Occupancy	0.0%	0.0%	2.1%	1.5%	1.2%
Interest	10.4%	11.1%	13.0%	15.6%	21.0%
Pass-through	2.4%	0.0%	0.4%	0.0%	0.3%
All other expenses	18.2%	31.0%	40.9%	39.0%	43.9%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$208,224	$295,967	$394,797	$489,527	$645,592
One month of savings	$17,352	$24,664	$32,874	$40,689	$53,695
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$6,290	$0	$882,000
Total full costs (estimated)	$225,576	$320,631	$433,961	$530,216	$1,581,287

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	167.1	58.3	130.4	116.3	139.2
Months of cash and investments	167.1	58.3	130.4	116.3	139.2
Months of estimated liquid unrestricted net assets	22.6	22.3	11.1	58.1	58.2

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$2,899,081	$1,438,293	$4,287,079	$4,733,712	$7,472,868
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$8,219
Gross land, buildings, equipment (LBE)	$0	$0	$6,290	$6,290	$888,290
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	5.0%	25.0%	0.3%
Liabilities (as a % of assets)	19.7%	29.3%	40.4%	29.8%	34.7%
Unrestricted net assets	$392,065	$550,957	$371,760	$2,370,503	$4,010,514
Temporarily restricted net assets	$3,082,016	N/A	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A	N/A
Total restricted net assets	$3,082,016	$3,077,016	$3,364,415	$3,552,885	$7,280,682
Total net assets	$3,474,081	$3,627,973	$3,736,175	$5,923,388	$11,291,196

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

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

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

CEO

Linda Braunschweiger

LinkedIn profile

Ms. Braunschweiger has spent thirty years in finance, affordable housing development, non-profit management and business. She spent many years in public affairs and lobbying at the federal, state and local levels working, including working in Washington D.C. for the White House and U.S. Senate. Ms. Braunschweiger launched Braunschweiger & Associates (B&A) in 1999, assisting clients with affordable housing policy strategies, affordable housing financing, and nonprofit management, representing financial institutions, non-profits, local municipalities, housing authorities, and industry trade organizations. Ms. Braunschweiger is the CEO of Housing Trust Fund Ventura County (HTFVC). In her role, she has helped orchestrate the formation of HTFVC, assisted in raising over $4,000,000 in commitments, and funded $4.2m in loans. Ms. Braunschweiger has an BA in Speech Communications and Industrial Psychology and an MBA with a focus in Public Policy. She lives in Camarillo with her two children.

Deputy Director, Loan Portfolio Manager

Jason Gaffner

LinkedIn profile

Jason brings nearly two decades of experience in commercial real estate finance with over $600 million in real estate debt and equity negotiated and closed. Prior to joining the nonprofit, Jason was a senior member of the West Coast originations team for a real estate lending, investment, and advisory company. With experience as both a broker and a lender, Jason has participated in providing financing for all major asset classes, in California and nationwide. Jason holds an MBA from Babson College with a focus on entrepreneurial management. He earned his Bachelor of Science degree from The Wharton School, University of Pennsylvania with a dual concentration in finance and marketing.

Number of employees

Source: IRS Form 990

Housing Trust Fund Ventura County

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Housing Trust Fund Ventura County

Board of directors
as of 08/21/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board co-chair

Tracy McAulay

County of Ventura

Term: 2023 - 2024

Board co-chair

Tracy McAulay

County of Ventura, Executive Office

Term: 2023 - 2024

Dawn Dyer

Dyer Sheehan Group

Marni Brook

Women's Economic Ventures

Mary Ann Krause

Retired City Planner, Former Mayor

Mark Pettit

Lauterbach & Associates Architects

Stratis Perros

City of Simi Valley

Lynn Oshita

City of Thousand Oaks

Anthony Mireles

Laborers International Union Local 585

Karen Flock

Housing Authority of the City of San Buenaventura

Cathi Nye

Ventura County Office of Education

Jennie Buckingham

City of San Buenaventura, Community Development Department

Carrick DeHart

California State University, Channel Islands

Daniel Gonzalez

Future Leaders of America

Emilio Ramirez

City of Oxnard

Sarah McCarthy-Garcia

McCarthy Construction

Ken Triguerio

People's Self-Help Housing

Elenore Vaughn

Housingg Authority of the City of Santa Paula

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? Yes
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? Yes

Organizational demographics

SOURCE: Self-reported; last updated 8/21/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Decline to state

Disability status

Person with a disability

The organization's co-leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Male, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Last updated: 08/21/2023

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 review compensation data across the organization (and by staff levels) to identify disparities by race.
We ask team members to identify racial disparities in their programs and / or portfolios.
We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
We disaggregate data by demographics, including race, in every policy and program measured.

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.

Housing Trust Fund Ventura County

Everyone deserves a home

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

Revolving Loan Fund

Where we work

Awards

Affiliations & memberships

Our results

Evaluation documents

Number of loans issued to clients

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Total dollar amount of loans issued

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of housing units financed

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of affordable housing units financed for targeted populations

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Total dollars received in contributions

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Our Sustainable Development Goals

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

1.25

Months of cash in 2022 info

139.2

Fringe rate in 2022 info

12%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Housing Trust Fund Ventura County

Housing Trust Fund Ventura County

Housing Trust Fund Ventura County

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

CEO

Linda Braunschweiger

Deputy Director, Loan Portfolio Manager

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities