Red Housing Fund

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

EIN: 871835484 ✦ Santa rosa, CA ✦ Designated as a 501(c)(3)

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Overview

What is Red Housing Fund?

Red Housing Fund is a nonprofit organization based in Santa Rosa, California. Their primary mission is to provide financial assistance to developers through loans, with the aim of creating housing that aligns with shared public policies and community goals. These goals include increased density, transit-oriented development, and affordability and equity in housing development. Located at PO Box 3531, they contribute to the financing of residential housing projects in Sonoma County.


Official website here: www.redhousingfund.org

Is Red Housing Fund legitimate?

Red Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.redhousingfund.org

What is the mission statement of Red Housing Fund?

The Red Housing Fund's mission is to facilitate the creation of housing that aligns with public policy and community-wide goals, such as increased density, transit-oriented development, and affordability and equity in housing development. This is achieved by providing loans to developers in specific areas. The primary goal is to ensure that the funds loaned are managed efficiently and that the interest expenses are kept to a minimum. The organization's activities contribute to the development of housing that meets the needs of the community while promoting shared objectives.


Official website here: www.redhousingfund.org

Who is the CEO of Red Housing Fund?

Michelle Whitman is the President And Ceo of Red Housing Fund. The CEO's salary of Red Housing Fund is $0 and their total compensation is $0.


Official website here: www.redhousingfund.org

What is the revenue of Red Housing Fund?

Red Housing Fund's revenue in 2022 was $1,101,567.


Official website here: www.redhousingfund.org

Who are the executives of Red Housing Fund and what are their salaries?


Here are 7 key members and their salaries (Red Housing Fund's CEO's salary is $0 and their total compensation is $0):


Veronica Ferguson (President And Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Sheffield (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Ruch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Whitman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Klose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betzy Chavez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gouin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.redhousingfund.org

Where can I find the form 990 for Red Housing Fund?

Red Housing Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.redhousingfund.org

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

Mission Statement of Red Housing Fund

Red Housing Fund, as a nonprofit entity, is committed to facilitating the creation of housing that aligns with shared public policy and community-wide goals. Its mission encompasses promoting increased density, transit-oriented development, and affordability and equity in housing development. By providing loans to developers in Sonoma County for residential housing projects, Red Housing Fund plays a crucial role in shaping the housing landscape in a manner that benefits the community at large. The organization's financial management and interest expense on the funds they loan to developers are instrumental in making these housing projects a reality. By focusing on these key areas, Red Housing Fund aims to contribute to a more equitable and affordable housing market, thereby improving the lives of many individuals and families.

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Impact




July, 2024

The Red Housing Fund's impact is evident in its facilitation of the creation of housing that aligns with shared public policy and community-wide goals, including increased density, transit-oriented development, and affordability and equity in housing development. By providing loans to developers in Sonoma County for residential housing projects, the Red Housing Fund plays a crucial role in supporting the expansion of housing options and promoting sustainable development practices. Through its financial management and interest expense on funds to be loaned to developers, the organization actively contributes to addressing the housing needs of the community and promoting public benefit.




This information is meant to be a general summary of Red Housing 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.

Revenue
$1,101,567 (2022)
Expenses
$1,011,628 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $184,378
  • Gross Receipts: $1,101,567

Assets and Liabilities:

  • Total Assets: $21,355,900
  • Total Liabilities: $14,714,489
  • Net Assets: $6,641,411

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Organization Details

Founding Year

2021

Principal Officer

Michelle Whitman

Main Address

PO BOX 3531, SANTA ROSA, CA, 95402

NTEE Category

Code: W12 - Public benefit

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