Calhfa Homeowner Relief Corporation
- Assets
- $815.0m
- Revenue
- $243.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacremento, CA
- Founding
- Data as of
- 09/2022
- EIN
- 87-1237752
Organization Overview
Calhfa Homeowner Relief Corporation is located in Sacremento, CA. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calhfa Homeowner Relief Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Calhfa Homeowner Relief Corporation generated $243.3m in total revenue. All expenses for the organization totaled $243.3m during the year ending 09/2022. While expenses have increased by 563.1% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER THE CALIFORNIA MORTGAGE RELIEF PROGRAM WITH THE GOAL OF PROVIDING VARIOUS FORMS OF ASSISTANCE TO CERTAIN CALIFORNIA HOMEOWNERS AT RISK OF FORECLOSURE DUE TO ADVERSE CONDITIONS CREATED BY COVID-19 AFFECTING HOUSING AND THE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ESTABLISHED UNDER HAF ARE FOR THE MITIGATION OF HOMEOWNERS' FINANCIAL HARDSHIPS ASSOCIATED WITH THE CORONAVIRUS PANDEMIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Franklin Board Chair | OfficerTrustee | 5 | $0 |
Jee Lee Board Member | Trustee | 5 | $0 |
Mary Ann Smith Board Member | Trustee | 5 | $0 |
Dalila Sotelo Board Member | Trustee | 5 | $0 |
Stephen Russell Board Member | Trustee | 5 | $0 |
Claire Taurianen Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $242,516,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,516,222 |
| Total Program Service Revenue | $0 |
| Investment income | $744,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,260,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000,000 |
| Grants and other assistance to domestic individuals. | $180,391,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $34,258,520 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,496 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,042,923 |
| Office expenses | $0 |
| Information technology | $7,686,350 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $766,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,682 |
| All other expenses | $48,445 |
| Total functional expenses | $243,282,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,653,319 |
| Savings and temporary cash investments | $662,599,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $724,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,583 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000,000 |
| Total assets | $814,979,661 |
| Accounts payable and accrued expenses | $6,771,018 |
| Grants payable | $0 |
| Deferred revenue | $807,441,365 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $766,278 |
| Total liabilities | $814,978,661 |
| Net assets without donor restrictions | $1,000 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $814,979,661 |
Grants Awarded
Over the last fiscal year, Calhfa Homeowner Relief Corporation has awarded $11,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA HEALTH FOUNDATION PURPOSE: INTERMEDIARY TO CONTRACT WITH A STATEWIDE NETWORK OF COMMUNITY BASED ORGANIZATIONS FOR MRP OUTREACH SERVICES | $5,000,000 |
STATE BAR OF CALIFORNIA PURPOSE: FACILITATE COMPETITIVE GRANTS TO ITS STATEWIDE NETWORK OF LEGAL SERVICES ORGANIZATIONS | $6,000,000 |