Overview
What is The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund is a nonprofit organization based in San Francisco, California, dedicated to supporting affordable housing, community development, and economic development for economically disadvantaged individuals and communities in California. Through lending, investing, and direct acquisitions, the fund aims to provide sustainable housing solutions. In the fiscal year, the organization supported seven small and big sites properties, preserving over 125 units, and closed a predevelopment loan to Mercy Housing California for a new project offering affordable housing and supportive services for the homeless. Additionally, the fund made significant progress on a prototype project, with all units fully leased and occupied, and began identifying potential sites for a second new construction, permanent supportive housing project.
Official website here: www.sfhaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The San Francisco Housing Accelerator Fund has received an overall rating of 85%, primarily reflecting its strong performance in accountability and finance. The high scores in various categories indicate a well-managed organization, particularly with regards to having a fully independent board and effective oversight mechanisms in place. Such transparency and governance practices contribute positively to the organization's credibility.
However, some limitations were noted in the evaluation. The organization does not have a whistleblower policy in place and has not posted its tax form on its website, which may raise concerns about transparency in certain areas. Additionally, while the program expense ratio is commendable, the liabilities to assets ratio indicates that there may be some financial risks worth monitoring.
In summary, while The San Francisco Housing Accelerator Fund demonstrates strong accountability and financial practices, addressing the identified gaps could enhance its overall transparency and operational robustness. Efforts to implement a whistleblower policy and improve accessibility of financial documents would further increase stakeholder trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is The San Francisco Housing Accelerator Fund legitimate?
The San Francisco Housing Accelerator Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The San Francisco Housing Accelerator Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $681,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,813
For more financial information, click here
Official website here: www.sfhaf.org
What is the mission statement of The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund is dedicated to supporting affordable housing, community development, and economic development for economically disadvantaged individuals and communities. They achieve this by lending to, investing in, and directly acquiring affordable housing and related community development real estate assets. In their anti-displacement lending program, they have supported the expansion of small and big sites programs, preserving over 125 additional units. Through their underutilized land acquisition and bridge loan program, they have closed a predevelopment loan to Mercy Housing California, adding 73 units of affordable housing for families below 30% Area Median Income (AMI). The Fund celebrated major milestones in their permanent supportive housing investment and lending program, launching a new loan product to support the permanent affordability of 80 units of SRO-style housing and making significant progress on their prototype project.
Official website here: www.sfhaf.org
Who is the CEO of The San Francisco Housing Accelerator Fund?
Tamar Dorfman is the Director of The San Francisco Housing Accelerator Fund. The CEO's salary of The San Francisco Housing Accelerator Fund is $253,460 and their total compensation is $255,976.
Official website here: www.sfhaf.org
What is the revenue of The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund's revenue in 2022 was $23,702,565.
Official website here: www.sfhaf.org
Who are the executives of The San Francisco Housing Accelerator Fund and what are their salaries?
The average compensation at The San Francisco Housing Accelerator Fund during 2022 was $168,829. There are 7 employees at The San Francisco Housing Accelerator Fund.
Here are 13 key members and their salaries (The San Francisco Housing Accelerator Fund's CEO's salary is $253,460 and their total compensation is $255,976):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $253,460
- Related: $0
- Other: $2,516
- Compensation: $218,560
- Related: $0
- Other: $2,516
- Compensation: $240,910
- Related: $0
- Other: $2,516
Official website here: www.sfhaf.org
Where can I find the form 990 for The San Francisco Housing Accelerator Fund?
The San Francisco Housing Accelerator Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfhaf.org
Learn more at the official website: www.sfhaf.org
Mission Statement of The San Francisco Housing Accelerator Fund
The San Francisco Housing Accelerator Fund, a corporation dedicated to affordable housing, community development, and economic development for California's economically disadvantaged individuals and communities, fulfills its mission by lending to, investing in, and directly acquiring affordable housing and related community development real estate assets. Through its Anti-Displacement Lending Program, the Fund supported the expansion of small and big sites programs throughout the city, preserving over 125 additional units of affordable housing. Additionally, the Fund's Underutilized Land Acquisition and Bridge Loan Program celebrated the closing of a predevelopment loan to Mercy Housing California, which will facilitate the development of a new programming and services space for the Homeless Prenatal Program and add 73 units of affordable housing, half of which will support families below the 30% Area Median Income (AMI). The Fund also made significant progress on its prototype project, the Tahanan, with all units being fully leased and occupied by Q3, and started the process of identifying potential sites for a second new construction, permanent supportive housing (PSH) project. The Fund's Wholly Owned Subsidiary, Homes for the Homeless Fund, continued to make progress on the Tahanan project, with funds starting to revolve from this project. By the close of the reporting period, the Fund extended a small predevelopment loan to Mercy Housing California to support predevelopment expenses for a new potential PSH project located on the borders of the Mission and Bernal Heights neighborhoods.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The San Francisco Housing Accelerator Fund's impact is evident in its continued support for affordable housing, community development, and economic development in California. Through its various programs, the Fund has facilitated the acquisition and preservation of affordable housing units, supported the development of new housing spaces, and contributed to the creation of permanent supportive housing for vulnerable populations. By investing in projects that address the housing needs of economically disadvantaged individuals and communities, the Fund plays a crucial role in combating displacement, promoting stability, and fostering inclusive growth in San Francisco.
This information is meant to be a general summary of The San Francisco Housing Accelerator Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $70,621
- Program Service Revenue: $5,455,074
- Gross Receipts: $24,665,429
Assets and Liabilities:
- Total Assets: $204,353,715
- Total Liabilities: $116,649,049
- Net Assets: $87,704,666
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT LOAN INTEREST EARNINGS
Revenue
$3,556,001
ORIGINATION FEE INCOME
Revenue
$773,853
CONTRACTS REVENUE
Revenue
$639,676
UPSIZE FEE INCOME
Revenue
$221,164
OTHER INCOME
Revenue
$147,000
Organization Details
Founding Year
2002
Phone
(415) 663-6938Principal Officer
Tamar Dorfman
Main Address
244 KEARNY ST 5TH FLOOR, SAN FRANCISCO, CA, 94108
Website
www.sfhaf.orgNTEE Category
Code: L20 - Housing
If you are a representative of The San Francisco Housing Accelerator Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.