Homeownership San Francisco

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264226218 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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Overview

What is Homeownership San Francisco?

Homeownership San Francisco is a citywide collaboration of housing counseling agencies, headquartered in San Francisco, California. Their primary mission is to assist diverse and underserved households in achieving and maintaining homeownership within the city. They achieve this by providing comprehensive housing information, resources, and referrals for affordable rental housing, first-time homebuyers, and current homeowners. Homeownership SF supports this mission by offering educational workshops, connecting individuals with City Homeownership Orientations, and providing financial education. They also help current homeowners with topics related to home maintenance, property taxes, and homeowners associations. Additionally, they offer foreclosure prevention support and collaborate with partnering agencies to promote affordable rental housing opportunities and clinics. Their online platform attracts over 42,000 users seeking information on housing and financial services.


Official website here: www.homeownershipsf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Stars

Homeownership San Francisco has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's score is based entirely on its financial practices, with a perfect score in several key areas, including its independent board composition and financial oversight.

The organization boasts a fully independent board with 13 members, ensuring a robust governance structure. It has demonstrated sound financial management, with an exceptional program expense ratio of 89.47%, indicating that a significant portion of its funds are directed towards its core mission of supporting homeownership in San Francisco.

Additionally, there are no reported issues regarding asset diversion, and the charity has established comprehensive policies for conflict of interest, whistleblower protections, and document retention. These strengths contribute to the overall confidence in Homeownership San Francisco's operations, though specific programmatic impacts or client testimonials were not assessed in the rating.


This AI summary has been generated from information found on Charity Navigator.

Is Homeownership San Francisco legitimate?

Homeownership San Francisco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeownership San Francisco 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: $115,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,581

For more financial information, click here


Official website here: www.homeownershipsf.org

What is the mission statement of Homeownership San Francisco?

Homeownership San Francisco is an organization that serves as a citywide collaborative of housing counseling agencies, dedicated to helping diverse and underserved households achieve and sustain homeownership. Its mission is to provide housing information, resources, and referrals for affordable rental housing, first-time homebuyers, and current homeowners. The organization supports various workshops and clinics, offering financial education, home maintenance tips, and foreclosure prevention assistance. It also collaborates with other agencies to promote affordable rental opportunities and provides individual rental counseling to residents in need. Overall, Homeownership San Francisco aims to empower households in achieving stable and sustainable housing solutions.


Official website here: www.homeownershipsf.org

Who is the CEO of Homeownership San Francisco?

Shannon Way is the Executive Dir. of Homeownership San Francisco.


Official website here: www.homeownershipsf.org

What is the revenue of Homeownership San Francisco?

Homeownership San Francisco's revenue in 2022 was $741,971.


Official website here: www.homeownershipsf.org

Who are the executives of Homeownership San Francisco and what are their salaries?

The average compensation at Homeownership San Francisco during 2022 was $58,790. There are 8 employees and 19 volunteers at Homeownership San Francisco.


Here are 16 key members and their salaries:


Shannon Way (Executive Dir.)
  • Compensation: $100,584
  • Related: $0
  • Other: $9,476
Christi Baker (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Luebkema (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheri Powers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Harper (Co-Secty)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Mccray-Dickerson (Co-Secty)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Rizzie (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy Fitzsimmons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernesto Martinez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nobby Cheng (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Lau (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Rockmael (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jewlee Gardner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elmar Aslami (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Macy Leung (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rico Delgadillo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.homeownershipsf.org

Where can I find the form 990 for Homeownership San Francisco?

Homeownership San Francisco's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.homeownershipsf.org

Learn more at the official website: www.homeownershipsf.org

Mission Statement of Homeownership San Francisco

Homeownership San Francisco, an organization comprised of various housing counseling agencies, is dedicated to aiding diverse and underserved households in achieving and maintaining homeownership within the city. Its mission is to serve as a collaborative force, providing resources, information, and referrals to assist individuals in securing affordable rental housing, becoming first-time homebuyers, and navigating challenges as current homeowners. The collective efforts of Homeownership SF's member agencies have resulted in numerous workshops and orientations, enabling thousands of individuals to gain valuable insights into homeownership and financial management. By offering financial education workshops, Homeownership SF has empowered over 3,600 individuals with essential skills such as budgeting and credit building. Furthermore, the organization has supported current homeowners by providing workshops on topics like home maintenance and association fees, ultimately assisting over 350 households in need. Homeownership San Francisco has also played a pivotal role in promoting rental housing services, coordinating with partnering agencies to facilitate housing clinics and application assistance for San Francisco residents. Through these initiatives, Homeownership SF has made strides in making homeownership and affordable housing more accessible to a wide range of households in the city.

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Impact




October, 2024

Homeownership San Francisco has made a significant impact on the housing landscape in the city by providing crucial information, resources, and referrals to support both prospective and current homeowners. Through collaborative efforts with member housing counseling agencies, the initiative has orchestrated numerous workshops and orientations that assist first-time homebuyers, ultimately fostering a path to homeownership for many residents.

The organization facilitated 64 first-time homebuyer workshops, attracting nearly 3,000 participants. Additionally, 56 City Homeownership Orientations targeted first-time buyers, engaging over 4,250 individuals, showcasing a robust outreach approach that empowers potential homeowners with the knowledge necessary to navigate the housing market.

Financial education is a core component of its services, with 3,681 individuals benefiting from 105 workshops covering essential topics such as budgeting and credit building. For current homeowners, workshops addressing home maintenance, property taxes, and homeowners associations have assisted 359 participants, offering the tools needed to maintain and enhance their investments.

Homeownership San Francisco also plays a pivotal role in supporting renters. By coordinating with 12 agencies, the initiative organized 119 drop-in housing clinics that helped 700 residents apply for affordable rental units, resulting in nearly 5,800 submitted applications. This comprehensive approach to both homeownership and rental assistance enhances access to affordable housing options for individuals and families in need.

The digital platform serves as a vital resource, attracting 42,000 users seeking assistance and information regarding affordable housing opportunities, financial services, and relevant workshops. By addressing the diverse housing needs of San Francisco’s residents, Homeownership San Francisco is fostering a more inclusive and resilient community.




This information is meant to be a general summary of Homeownership San Francisco. 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.

Revenue
$741,971 (2022)
Expenses
$686,307 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $42,732
  • Gross Receipts: $741,971

Assets and Liabilities:

  • Total Assets: $912,704
  • Total Liabilities: $289,750
  • Net Assets: $622,954

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program services

Revenue

$42,732

Organization Details

Founding Year

2009

Principal Officer

Shannon Way

Main Address

275 5th Street 314, San Francisco, CA, 94103

NTEE Category

Code: L80 - Housing

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