EIN 94-3159161

HIP Housing Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1992
Most recent tax filings
2023-06-01
Description
HIP Housing Development Corporation serves as a general partner in two limited partnerships that offer 92 units of low-income housing and is the 79% owner of a c Corporation, along with being the sole owner of a limited liability company. The Corporation also operates thirteen apartment buildings in San Mateo County that consist of 140 units for low and moderate income persons. Its mission is to alleviate and improve the housing condition of the needy, physically or mentally handicapped, elderly persons and others whose housing needs are not being adequately met in San Mateo County, CA.
Related structure
HIP Housing Development Corporation is a subordinate organization under Human Investment Project (HIP).
Total revenues
$3,309,128
2023
Total expenses
$4,707,438
2023
Total assets
$29,594,301
2023
Num. employees
3
2023

Program areas at HIP Housing Development Corporation

The Corporation operates thirteen apartment buildings in san mateo county consisting of 140 units for low and moderate income persons.
The Corporation serves as a general partner in two limited partnerships which provide 92 units of low-income Housing in san mateo, California. The Corporation also serves as the 79% owner of a c Corporation and the sole owner of a limited liability company. Both of these entities serve as a general partner in a limited partnership. One of these limited partnerships currently provides 36 units of low-income Housing in redwood city, California, while the other is currently developing low-income Housing in redwood city, California.
The Corporation sponsors construction and management of low and moderate income Housing projects in san mateo county.

Grants made by HIP Housing Development Corporation

GranteeGrant descriptionAmount
Human Investment Project (HIP)GNRL Support: Low Inc HSG$1,057,005

Who funds HIP Housing Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Human Investment Project (HIP)General Support: Low Inc HSG$107,340
American Endowment FoundationHousing, Shelter$15,000
Blue Oak FoundationUnrestricted General$5,000

Personnel at HIP Housing Development Corporation

NameTitleCompensation
Kate Comfort HarrExecutive Director$76,000
Ghion DessieController$0
Dianne WhitakerSecretary$0
Nancy BushTreasurer / Board Member$0
Lauren BoroPresident / Director$0
...and 7 more key personnel

Financials for HIP Housing Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$625,605
Program services$2,309,565
Investment income and dividends$261,245
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$112,805
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-92
Total revenues$3,309,128

Form 990s for HIP Housing Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-08-19990View PDF
2022-062023-11-10990View PDF
2021-062022-05-09990View PDF
2020-062021-04-06990View PDF
2019-062020-10-22990View PDF
...and 10 more Form 990s
Data update history
September 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $107,340 from Human Investment Project (HIP)
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $109,570 from Human Investment Project (HIP)
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
800 S Claremont St Suite 210
San Mateo, CA 94402
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Mateo County, CA
Website URL
hiphousing.org/ 
Phone
(650) 348-6660
IRS details
EIN
94-3159161
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
085173
FTB Entity ID
1817409
AB 488 data last updated ("as-of") date
2024-10-16
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