HOUSING TR FUND OF SANTA BARBARA COUNTY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: HOUSING TR FUND OF SANTA BARBARA COUNTY INC (EIN 43-2007672)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-13
IRS object ID: 202621339349304862
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-13T12:08:32-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	651164012	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PROSPERITY PARTNERS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 E CARRILLO ST STE 300	AddressLine1Txt
City	SANTA BARBARA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	93101	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	432007672	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HOUSING TRUST FUND OF SANTA BARBARA	BusinessNameLine1Txt
Business Name Line2	COUNTY INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	HOUS	BusinessNameControlTxt
Phone	8057705261	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 60909	AddressLine1Txt
City	SANTA BARBARA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	931600909	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LUIS VILLEGAS	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	8057705261	PhoneNum
Signature	2026-05-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHRISLEY REED CPA	PreparerPersonNm
PTIN	P00025230	PTIN
Phone	8059629175	PhoneNum
Preparation	2026-05-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LUIS VILLEGAS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 60909	AddressLine1Txt
City	SANTA BARBARA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	931600909	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,048,019	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SBHOUSINGTRUST.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	THE HOUSING TRUST FUND'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES (CONTINUED ON SCH O) TO LOW, MODERATE AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	3	TotalEmployeeCnt
Total Volunteers	6	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,107,000	PYContributionsGrantsAmt
CY Contributions Grants	$421,988	CYContributionsGrantsAmt
PY Program Service Revenue	$580,574	PYProgramServiceRevenueAmt
CY Program Service Revenue	$580,852	CYProgramServiceRevenueAmt
PY Investment Income	$9,622	PYInvestmentIncomeAmt
CY Investment Income	$5,810	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$39,369	CYOtherRevenueAmt
PY Total Revenue	$1,697,196	PYTotalRevenueAmt
CY Total Revenue	$1,048,019	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$276,255	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$288,135	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$7,747	CYTotalFundraisingExpenseAmt
PY Other Expenses	$296,588	PYOtherExpensesAmt
CY Other Expenses	$335,158	CYOtherExpensesAmt
PY Total Expenses	$572,843	PYTotalExpensesAmt
CY Total Expenses	$623,293	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,124,353	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$424,726	CYRevenuesLessExpensesAmt
Total Assets BOY	$10,258,382	TotalAssetsBOYAmt
Total Assets EOY	$10,669,710	TotalAssetsEOYAmt
Total Liabilities BOY	$2,162,715	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,149,317	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$8,095,667	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$8,520,393	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE HOUSING TRUST FUND'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO LOW, MODERATE AND MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$532,665	ExpenseAmt
Revenue	$620,221	RevenueAmt
Desc	SEE SCHEDULE O.	Desc
Total Program Service Expenses	$532,665	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (1)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	3	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	3	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JON PETERSON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8057705055	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 60909	AddressLine1Txt
City	SANTA BARBARA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	931600909	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
JESSICA WISHAN
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
SYLVIA BARNARD
DIRECTOR	1.00	Yes (X)		$0	$0	$0
SHERYL FLORES
DIRECTOR	1.00	Yes (X)		$0	$0	$0
CODY SARGEANT
VICE CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
LUIS VILLEGAS
CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
ANTOINETTE MCCAULEY
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROSA PAREDES
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JENNIFER MCGOVERN
PRESIDENT & CEO	40.00		Yes (X)	$127,515	$0	$14,475

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$127,515	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$14,475	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$164,338	GovernmentGrantsAmt
All Other Contributions	$257,650	AllOtherContributionsAmt
Total Contributions	$421,988	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOAN PROGRAM REVENUE	Desc
Business	522291	BusinessCd
Total Revenue Column	$580,852	TotalRevenueColumnAmt
Related Or Exempt Func Income	$580,852	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$580,852	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,810	TotalRevenueColumnAmt
Exclusion	$5,810	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$39,369	TotalRevenueColumnAmt
Related Or Exempt Func Income	$39,369	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$39,369	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,048,019	TotalRevenueColumnAmt
Related Or Exempt Func Income	$620,221	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,810	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$144,753	TotalAmt
Program Services	$133,810	ProgramServicesAmt
Management And General	$6,731	ManagementAndGeneralAmt
Fundraising	$4,212	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$102,196	TotalAmt
Program Services	$73,427	ProgramServicesAmt
Management And General	$26,121	ManagementAndGeneralAmt
Fundraising	$2,648	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$23,080	TotalAmt
Program Services	$18,463	ProgramServicesAmt
Management And General	$4,228	ManagementAndGeneralAmt
Fundraising	$389	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$18,106	TotalAmt
Program Services	$15,087	ProgramServicesAmt
Management And General	$2,521	ManagementAndGeneralAmt
Fundraising	$498	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$250	TotalAmt
Management And General	$250	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$50,910	TotalAmt
Program Services	$17,819	ProgramServicesAmt
Management And General	$33,091	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$89,431	TotalAmt
Program Services	$88,489	ProgramServicesAmt
Management And General	$942	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$2,323	TotalAmt
Program Services	$2,191	ProgramServicesAmt
Management And General	$132	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$35,260	TotalAmt
Program Services	$31,734	ProgramServicesAmt
Management And General	$3,526	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$45,012	TotalAmt
Program Services	$45,012	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,345	TotalAmt
Program Services	$1,345	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$4,516	TotalAmt
Management And General	$4,516	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
LOAN LOSS RESERVE	$99,940	$99,940
PRINTING & PUBLICATION	$2,427	$2,184	$243
OPERATING SUPPLIES	$1,934	$1,354	$580
LOAN FEES	$1,810	$1,810

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$623,293	TotalAmt
Program Services	$532,665	ProgramServicesAmt
Management And General	$82,881	ManagementAndGeneralAmt
Fundraising	$7,747	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$184,234	BOYAmt
EOY	$191,996	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$4,476,364	BOYAmt
EOY	$3,406,688	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$43,563	BOYAmt
EOY	$12,313	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$5,479,684	BOYAmt
EOY	$7,004,438	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,298	BOYAmt
EOY	$4,080	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$13,113	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$10,821	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$3,637	BOYAmt
EOY	$2,292	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$67,602	BOYAmt
EOY	$47,903	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$10,258,382	BOYAmt
EOY	$10,669,710	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$15,064	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$1,849,991	BOYAmt
EOY	$1,849,980	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$312,724	BOYAmt
EOY	$284,273	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,162,715	BOYAmt
EOY	$2,149,317	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,850,015	BOYAmt
EOY	$6,145,859	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,245,652	BOYAmt
EOY	$2,374,534	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$8,095,667	BOYAmt
EOY	$8,520,393	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$10,258,382	BOYAmt
EOY	$10,669,710	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$424,726	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$167,905	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$880,625	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$568,600	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,107,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$421,988	CurrentTaxYearAmt
Total	$3,146,118	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$167,905	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$880,625	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$568,600	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,107,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$421,988	CurrentTaxYearAmt
Total	$3,146,118	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$350,262	SubstantialContributorsTotAmt
Public Support Total170	$2,795,856	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,100	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,749	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,816	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$9,622	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,810	CurrentTaxYearAmt
Total	$28,097	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$3,174,215	TotalSupportAmt
Public Support CY170	0.88080	PublicSupportCY170Pct
Public Support PY170	0.89720	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,113	OtherCostOrOtherBasisAmt
Depreciation	$10,821	DepreciationAmt
Book Value	$2,292	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,292	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
LINE OF CREDIT	$238,871
OPERATING LEASE LIABILITY	$45,402

Field	Value	IRS element (for citing)
Total Liability	$284,273	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,048,019	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$1,048,019	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,048,019	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$623,293	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$623,293	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$623,293	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS, WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF JUNE 30, 2025, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN U.S. FEDERAL AND CALIFORNIA JURISDICTIONS AND IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS ENDING JUNE 30, 2022 AND JUNE 30, 2021, RESPECTIVELY.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
LUIS VILLEGAS DIRECTOR
VICE PRESIDENT AND BRANCH MANAGER OF ORGANIZATION'S BANK.	BANK HOLDS CASH DEPOSITS IN EXCESS OF $208,000 AND A $500,000 NOTE.	0
ANTOINETTE MCCAULEY DIRECTOR
SENIOR VP AND MANAGER OF REI GROUP AT ORGANIZATION'S FINANCIAL INSTITUTION.	FINANCIAL INSTITUTION THAT HOLDS CASH DEPOSITS IN EXCESS OF $1,220,000 AND A LINE OF CREDIT WITH A BALANCE IN EXCESS OF $121,000.	0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS	THE HOUSING TRUST FUND'S (HTF) PRIMARY ACTIVITY IS A $7.4 MILLION REVOLVING LOAN FUND FOR AFFORDABLE HOUSING THAT PROVIDES LOW-COST LOANS TO QUALIFIED SPONSORS OF AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. HTF PROVIDES DIRECT LOANS FOR SITE ACQUISITION, PREDEVELOPMENT AND CONSTRUCTION COSTS, AND PERMANENT FINANCING FOR RENTAL AND HOMEOWNERSHIP PROJECTS THAT CREATE, MAINTAIN, PRESERVE, EXPAND OR PRESERVE THE COUNTY'S AFFORDABLE HOUSING STOCK. HTF ALSO PROVIDES FREE TECHNICAL ASSISTANCE TO: 1) HELP GROUPS DETERMINE IF THEY HAVE A FEASIBLE PROJECT, 2)CONNECT THEM TO DEVELOPMENT EXPERTISE, AND 3) ASSIST THEM IN THE APPLICATION PROCESS FOR LOANS. HTF SUPPORTS THE INITIATION OF AFFORDABLE HOUSING PROJECTS BY COMMUNITY GROUPS THAT MIGHT OTHERWISE NOT PROCEED, FACILITATES PROJECTS SPONSORED BY EXPERIENCED DEVELOPERS, AND HELPS REDUCE PROJECT DEVELOPMENT COSTS. TO DATE, 100% OF LOAN FUND ACTIVITY HAS BEEN DIRECTED TO PROJECTS THAT SERVE LOWER INCOME HOUSEHOLDS IN SANTA BARBARA COUNTY EARNING BETWEEN 0-80% OF AREA MEDIAN INCOME. SINCE 2012 HTF HAS ALSO OPERATED A $5.3 MILLION WORKFORCE HOMEBUYER PROGRAM USING GOVERNMENT GRANTS AND PRIVATE INVESTMENT CAPITAL THAT HELPS FIRST-TIME HOMEBUYERS WHO HAVE BEEN SHUT OUT OF THE EXPENSIVE SANTA BARBARA COUNTY HOUSING MARKET PURCHASE AN ENTRY-LEVEL HOME IN THE COMMUNITY. HTF CURRENTLY PROVIDES DOWN PAYMENT LOANS TO LOW, MODERATE AND MIDDLE-INCOME HOUSEHOLDERS EARNING BETWEEN 30% TO 210% OF AREA MEDIAN INCOME. HTF DOWN PAYMENT LOANS ARE STRUCTURED TO MATCH THE REQUIREMENTS OF GOVERNMENT FUNDING PROGRAMS AND PRIVATE INVESTMENT SOURCES THAT PROVIDE CAPITAL FOR HTF DOWN PAYMENT LOANS. DEPENDING ON THE COST OF HOMES WITHIN THE RESPECTIVE COUNTY HOUSING SUB-MARKET AND THE RESULTANT AFFORDABILITY GAP TO LOCAL FIRST-TIME HOMEBUYERS, HTF CURRENTLY OFFERS A 30-YEAR DEFERRED SIMPLE INTEREST LOAN (AT 3% INTEREST) OR A 10-15 YEAR LOW-COST INTEREST-ONLY LOAN. IN THE PAST, HTF PROVIDED A 30-YEAR DEFERRED SHARED APPRECIATION LOAN, HOWEVER THIS LOAN IS ONLY CURRENTLY OFFERED UNDER A PROGRAM THE AGENCY MANAGES FOR THE CITY OF CARPINTERIA. THE MAXIMUM DOWN PAYMENT LOAN IS UP TO 16.5% OR 20% OF THE HOME PURCHASE PRICE, BASED ON HOMEBUYER NEED AND THE REQUIREMENTS OF THE CAPITAL FUNDING SOURCES. THE HTF DOWN PAYMENT LOAN IS TAILORED TO BRIDGE THE HOMEOWNERSHIP AFFORDABILITY GAP AND MAKE HOUSING PAYMENTS AFFORDABLE TO FIRST-TIME HOMEBUYERS. HTF DOWN PAYMENT LOANS CAN BE USED TO PURCHASE BOTH MARKET RATE AND RESALE CONTROLLED AFFORDABLE HOMES. THE HTF WORKFORCE HOMEBUYER PROGRAM WORKS TO EXPAND AFFORDABLE HOMEOWNERSHIPS OPPORTUNITIES FOR LOW TO MIDDLE INCOME RESIDENTS OF SANTA BARBARA COUNTY. IN 2024 SANTA BARBARA COUNTY WAS THE 4TH LEAST AFFORDABLE SMALL METROPOLITAN HOUSING MARKET IN THE NATION (NAHB/WELLS FARGO HOUSING OPPORTUNITY INDEX). OVER THE PAST SEVERAL DECADES, SANTA BARBARA COUNTY'S RELATIVELY LOW WAGES AND MEDIAN HOUSEHOLD INCOME, COMPARED TO OTHER CALIFORNIA HIGH COST AND COASTAL AREAS, COMBINED WITH SOME OF THE HIGHEST HOUSING COSTS IN THE NATION HAVE CREATED A LARGE AND GROWING CHARITABLE CLASS OF PEOPLE WHO SIMPLY CAN NO LONGER AFFORD TO RENT OR PURCHASE HOUSING IN THE PRIVATE MARKET AND EXPERIENCE HOUSING-RELATED POVERTY AND ECONOMIC DISTRESS RELATIVE TO THE COST OF HOUSING WITHIN THEIR RESPECTIVE COMMUNITIES. REGARDING HOMEOWNERSHIP OPPORTUNITIES, HOUSING MARKET INFLATION HAS ERODED THE ABILITY OF THE VAST MAJORITY OF WORKING FAMILITIES AND INDIVIDUALS TO PURCHASE A HOME AND PUT DOWN ROOTS IN THE COMMUNITY. IN RESPONSE TO THE SEVERITY OF OUR COUNTYWIDE HOUSING AFFORDABILITY GAP, HTF SEEKS TO INCREASE THE INCOME LIMIT FOR ITS WORKFORCE HOMEBUYER PROGRAM UP TO 250% OF THE COUNTY AREA MEDIAN INCOME IN ORDER TO SERVE A BROADER RANGE OF CHARITABLE CLASSES OF PERSONS WHO ARE DISADVANTAGED AND ECONOMICALLY DISTRESSED RELATIVE TO SECURING AN AFFORDABLE HOME IN THE HIGH COST SANTA BARBARA COUNTY HOUSING MARKET.
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT PERFORMED A DETAILED REVIEW OF THE 990. AFTER MANAGEMENT'S REVIEW, THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL FOR REVIEW. SUFFICIENT TIME WAS ALLOWED FOR ADDRESSING COMMENTS OR QUESTIONS. THE BOARD EXECUTIVE COMMITTEE APPROVED THE FILING OF FORM 990 FOR THE PERIOD ENDED JUNE 30, 2025.
FORM 990, PART VI, SECTION B, LINE 12C	TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3) A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4) THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE INVOLVING VOLUNTEERS IN THE ORGANIZATION SHOULD BE MADE TO THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. DISCLOSURE INVOLVING DIRECTORS AND COMMITTEE MEMBERS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD TREASURER) WHO SHALL BRING THESE MATTERS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN ITS SOLE DISCRETION, AND ITS CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE COMPLETED ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15A	DETERMINING COMPENSATION FOR EXECUTIVE MANAGEMENT IS DONE BY AN INDEPENDENT REVIEW BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES USE OF COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. APPROVED COMPENSATION IS BUDGETED AND CONTEMPORANEOUS DOCUMENTATION REGARDING THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT ARE MEMORIALIZED IN THE MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS OR BY REQUEST.
FORM 990, PART IX, LINE 11G	CONSULTING: PROGRAM SERVICE EXPENSES 87,547. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,547. OTHER FEES: PROGRAM SERVICE EXPENSES 942. MANAGEMENT AND GENERAL EXPENSES 942. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,884.
PART XII, LINE 2C:	THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.