EIN 94-3159161

HIP Housing Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
1992
Most recent tax filings
2024-06-01
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
$3,312,065
2024
Total expenses
$18,012,891
2024
Total assets
$15,054,424
2024
Num. employees
2
2024

Program areas at HIP Housing Development Corporation

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 limited partnerships which provide 75 units of low-income Housing in redwood city, California.
The Corporation operates thirteen apartment buildings in san mateo county consisting of 140 units for low and moderate income persons.
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$2,270,341

Who funds HIP Housing Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Human Investment Project (HIP)General Support: Low Inc HSG$115,500
American Endowment FoundationHousing, Shelter$17,000

Financials for HIP Housing Development Corporation

RevenuesFYE 06/2024
Total grants, contributions, etc.$593,729
Program services$2,219,043
Investment income and dividends$228,249
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$271,124
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-80
Total revenues$3,312,065

Organizations like HIP Housing Development Corporation

OrganizationLocationRevenue
PathStone Development CorporationRochester, NY$2,925,160
Pro Viviendas IiSan Juan, PR$1,976,854
Pharr Housing Development CorporationPharr, TX$2,354,862
Park Parthenia A CALIFORNIA NON PROFIT CORPORATIONNorthridge, CA$2,147,608
Del Monte ManorSeaside, CA$1,146,923
St Margaret's House Housing Development Fund CorporationNew York, NY$11,491,143
Housing LopezLopez Island, WA$9,055,781
Turk StreetSan Francisco, CA$8,077,317
Hacd CorporationDanbury, CT$1,543,696
Hawaii Assisted HousingHonolulu, HI$4,051,328
Data update history
March 24, 2025
Posted financials
Added Form 990 for fiscal year 2024
October 23, 2024
Received grants
Identified 1 new grant, including a grant for $17,000 from American Endowment Foundation
October 19, 2024
Updated personnel
Identified 25 new personnel
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)
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
2025-07-16
Free account sign-up

Want updates when HIP Housing Development Corporation has new information, or want to find more organizations like HIP Housing Development Corporation?

Create free Cause IQ account