2026-05-06T18:55:35-05:00 2025-06-30 943108253 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2024-07-01 010716217 THE SAN FRANCISCO HOUSING ACCELERATOR FUND SANF 4156636938 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 TAMAR DORFMAN CFO 4156636938 2026-05-06 1 0 ELAINE CHANG P01404427 4153568000 2024 2025-03-06 01:10:19Z TAMAR DORFMAN 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 58161822 0 X X 2002 CA THE SAN FRANCISCO HOUSING ACCELERATOR FUND SUPPORTS AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT FOR CALIFORNIA'S ECONOMICALLY DISADVANTAGED INDIVIDUALS AND COMMUNITIES, BY LENDING TO, INVESTING IN, AND DIRECTLY ACQUIRING SUCH AFFORDABLE HOUSING AND RELATED COMMUNITY DEVELOPMENT REAL ESTATE ASSETS. 14 14 12 0 0 0 16520098 30819622 6949772 5205668 5517130 6455206 0 0 28987000 42480496 0 0 0 0 1949334 2597256 0 0 317406 3737584 3805577 5686918 6402833 23300082 36077663 231044783 274664274 109384024 117817694 121660759 156846580 X THE CORPORATION'S SPECIFIC PURPOSE IS TO SUPPORT AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT FOR CALIFORNIA'S ECONOMICALLY DISADVANTAGED INDIVIDUALS AND COMMUNITIES, BY LENDING TO, INVESTING IN, AND DIRECTLY ACQUIRING SUCH AFFORDABLE HOUSING AND RELATED COMMUNITY DEVELOPMENT REAL ESTATE ASSETS. 0 0 5105866 11626245 DURING FY2025, THE FUND EXPANDED PRESERVATION LENDING BY CLOSING SIX PRESERVATION LOANS THAT PRESERVED 362 AFFORDABLE HOUSING UNITS, INCLUDING SUPPORTIVE AND INTERIM HOUSING FOR VULNERABLE POPULATIONS. MAJOR TRANSACTIONS INCLUDED FINANCING FOR 2059 MISSION, THE NORMANDY APARTMENTS, HOUSING FOR JUSTICE-INVOLVED TRANSITION-AGED YOUTH, AND FUTURE HOUSING FOR FORMERLY HOMELESS VETERANS.DURING FY2025, THE FUND ADVANCED NEW AFFORDABLE HOUSING PRODUCTION BY SUPPORTING FOUR NEW AFFORDABLE HOUSING DEVELOPMENTS TOTALING MORE THAN 450 UNITS ACROSS THE BAY AREA. THESE PROJECTS INCLUDED PERMANENT SUPPORTIVE HOUSING IN SANTA CRUZ COUNTY, AFFORDABLE FAMILY HOUSING IN SAN JOSE, AND AFFORDABLE SENIOR HOUSING IN SAN FRANCISCO.DURING FY2025, THE FUND LAUNCHED AND SCALED INNOVATIVE FINANCING TOOLS TO ACCELERATE AFFORDABLE HOUSING DELIVERY AND PRESERVATION. THESE INCLUDED CONTINUED ACTIVITY OF THE BAY AREA HOUSING INNOVATION FUND AND THE INDUSTRIALIZED CONSTRUCTION CATALYST FUND. 5105866 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 29 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X TAMAR DORFMAN CFO 5103900931 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 ANAGHA DANDEKAR CLIFFORD DIRECTOR 1.25 X 0 0 0 BRIGITT JANDREAU DIRECTOR 1.25 X 0 0 0 ERNEST BROWN DIRECTOR 1.25 X 0 0 0 LYDIA TAN BOARD SECRETARY 1.50 X 0 0 0 MEG SPRIGGS BOARD PRESIDENT 1.50 X 0 0 0 NINA HATVANY DIRECTOR 1.25 X 0 0 0 PABLO BRAVO DIRECTOR 1.25 X 0 0 0 TYLER VAN GUNDY DIRECTOR 1.25 X 0 0 0 TANGERINE BRIGHAM DIRECTOR 1.25 X 0 0 0 KATHERINE AUGUST DEWILDE DIRECTOR 1.25 X 0 0 0 TED HOLMAN DIRECTOR 1.25 X 0 0 0 JUDITH BELL DIRECTOR 1.25 X 0 0 0 PAUL CARNEY BOARD TREASURER 1.50 X 0 0 0 JEREMY LIEW DIRECTOR 1.25 X 0 0 0 REBECCA FOSTER CEO 40.00 X 362585 0 48037 TAMAR DORFMAN CFO 40.00 X 275460 0 13247 JAN LINDENTHAL-COX CHIEF INVESTMENT OFFICER 40.00 X 281105 0 54641 KATE HARTLEY CHIEF LENDING OFFICER 40.00 X 0 0 0 RIGO MENDOZA FINANCE MANAGER 40.00 X 110960 0 24147 KATHRYNE FISHER SVP LENDING AND CAPITAL 40.00 X 111292 0 6241 CAROLINE MCCORMACK VICE PRESIDENT, LENDING 40.00 X 130901 0 5984 DEVON NEARY VICE PRESIDENT, LENDING 40.00 X 115101 0 12085 1387404 0 164382 7 0 1 0 FORSYTH STREET ADVISORS LLC 588 BROADWAY SUITE 1208 NEW YORK NY 10012 FINANCIAL ADVISORY 270996 1 7490112 23329510 30819622 PROJECT LOAN INTEREST EARNINGS 900099 3820613 3820613 ORIGINATION FEE INCOME 900099 969036 969036 CONTRACTS REVENUE 900099 385631 385631 LOAN SERVICING FEE 900099 17743 17743 OTHER REVENUE 900099 7645 7645 5000 5000 5205668 6420577 6420577 15715955 15681326 34629 34629 34629 42480496 11626245 0 34629 X 1313871 926618 203634 183619 1026683 754695 210276 61712 37718 24988 9206 3524 75405 49138 21717 4550 143579 102904 26873 13802 420468 150291 270177 100000 100000 11051 11051 811991 723712 88279 15100 512 147 14441 218909 155664 44576 18669 77741 55281 15830 6630 1988090 1988090 34217 34217 38505 27380 7841 3284 GENERAL OPERATING SUPPL 59751 26070 30555 3126 WORKERS COMP INSURANCE 29754 20523 5182 4049 6402833 5105866 979561 317406 136613047 159988053 2880376 11683532 82295695 87983584 75468 87716 8273523 8273523 8273523 483800 6365574 17420 23174 405454 259118 231044783 274664274 315222 475217 20800000 500000 87790000 115954840 478802 887637 109384024 117817694 X 107516632 121106966 14144127 35739614 121660759 156846580 231044783 274664274 X 36077663 591574 231824 -1715240 X 0 1 X 1 1 1 X 4129830 18176870 6241086 16520098 30819622 75887506 4873340 5525695 10105039 12466902 5205668 38176644 9003170 23702565 16346125 28987000 36025290 114064150 0 1501716 1501716 1501716 1501716 112562434 6455206 6455206 6455206 6455206 9003170 23702565 16346125 28987000 42480496 120519356 0.93400 1.00000 0.05360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 6302833 6402833 470142 117536 0 0 434346 470142 904488 1356732 150000 100000 250000 108587 117536 226123 339185 8273523 8273523 8273523 INTEREST PAYABLE 500371 OPERATING LEASE LIABILITY 81313 ALLOWANCE FOR CREDIT LOSSES - UNFUNDED COMMITMENTS 305953 887637 X 43012854 591574 231824 823398 42189456 291040 291040 42480496 7827033 231824 1215352 1447176 6379857 22976 22976 6402833 PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS FOUR YEARS OF TAX RETURNS FILED. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR ORIGINATION FEE 291,040. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR PROVISION FOR CREDIT LOSSES 1,215,352. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR AMORTIZATION 22,976. X X 0 0 0 0 0 0 0 0 0 REBECCA FOSTER CEO 280085 0 82500 0 0 0 15471 0 32566 0 410622 0 0 0 TAMAR DORFMAN CFO 231846 0 43614 0 0 0 12176 0 1071 0 288707 0 0 0 JAN LINDENTHAL-COX CHIEF INVESTMENT OFFICER 226771 0 54334 0 0 0 12987 0 41654 0 335746 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S EXTERNAL AUDITORS AND REVIEWED FOR ACCURACY AND COMPLETENESS BY THE CFO. A COMPLETE COPY IS THEN PROVIDED TO THE CEO AND MEMBERS OF THE GOVERNING BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD AND THE ORGANIZATION'S EMPLOYEES ARE REQUIRED TO RE-SIGN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. FURTHERMORE, THE CONFLICT OF INTEREST POLICY IS STATED IN THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW WAS CONDUCTED FOR CEO WITH AD HOC BOARD COMMITTEE LED BY BOARD CHAIR AND INCLUDED A CEO PERFORMANCE REVIEW SURVEY, REVIEW OF COMPARISON REPORTS ON COMPENSATION FOR CEOS, AND ANALYSIS OF COMPENSATION IMPLICATIONS ON FY BUDGET. COMPENSATION FOR THE CFO IS SET BY THE CEO AFTER A REVIEW OF COMPENSATION DATA FOR THE SAME POSITION IN SIMILAR ORGANIZATIONS, COMPILED FROM NONPROFIT SURVEYS AND 990 DATA. THE CFO COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 723,712. MANAGEMENT AND GENERAL EXPENSES 88,279. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 811,991. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR ORIGINATION FEE -291,040. ADJUSTMENT FOR DONATED LEGAL SERVICES -231,824. ADJUSTMENT FOR PROVISION FOR CREDIT LOSSES -1,215,352. ADJUSTMENT FOR AMORTIZATION 22,976. HOMES FOR THE HOMELESS FUND LLC 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 371904352 INVESTMENT AND LENDING CA 780466 17001166 THE SAN FRANCISCO HOUSING ACCELERATOR SAN FRANCISCO HOMES FOR THE HOMELESS NO 1 LLC 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 824786396 INVESTMENT AND LENDING CA 19001 8584400 THE SAN FRANCISCO HOUSING ACCELERATOR BAY AREA HOUSING INNOVATION FUND LLC 564 MARKET ST SUITE 225 SAN FRANCISCO CA 94104 992594508 INVESTMENT AND LENDING CA 997591 27191442 THE SAN FRANCISCO HOUSING ACCELERATOR