Homeownership San Francisco Dba Home SF

What it reported doing in 2024

Homeownership San Francisco (HSF, or DBA Home SF) is a coalition of experienced, nonprofit housing agencies advancing housing equity and asset building opportunities for low-to-moderate income renters, homebuyers and homeowners. Home SF serves as a centralized resource hub, connecting underserved communities with financial education, housing services, and affordable housing opportunities in San Francisco. Founded in 2009, in response to the foreclosure crisis and the need for additional homeowner retention resources HSF has evolved to become San Francisco's lead agency for connecting San Francisco low and moderate income households with homebuyer education and counseling, post-purchase education, foreclosure prevention counseling and rental housing counseling services.Home SF partners with the Mayors Office of Housing and Community Development and the 5 HUD approved housing counseling agencies in San Francisco to offer the required homebuyer education and counseling certification for City homebuyer assistance programs. As a coordinating body, Home SF provides a platform for housing counselors to share their knowledge and experience, develop best practices, and access training opportunities. Home SF provides ongoing public outreach, content development, language support, and technical assistance. For San Francisco residents, Home SF's website serves as a one stop resource for affordable housing information, and features a calendar of Citywide workshops facilitated by Home SF member agencies and other housing service providers and provides referrals and information. Home SF has proudly hosted the San Francisco Housing Expo, the Bay Areas largest annual affordable housing resource fair and help center, a showcase of the Citys available programs and services for renters, homebuyers and current homeowners. We understand that affordable homeownership is vital to ensuring diverse, mixed-income communities and a high quality of life. Mobilizing a diverse coalition of service providers, Home SF helps to increase access to affordable homeownership opportunities, leverage the capacity nonprofit agencies, provide opportunities for training and skill sharing, and coordinate services. Home SF provides a centralized affordable housing information hub, and helps to insure uniform services and resource connections, so that low- and moderate-income people see homeownership in San Francisco as a viable option. During the fiscal year, Home SF coordinated workshops, presented by HUD approved housing counselors and other industry professionals, including: 58 San Francisco Homebuyer Program Orientations which were attended by more than 3,500 individuals, 69 HUD Approved First Time Homebuyer Workshops, attended by over 2,000 low to moderate income home buyers, 32 Financial Education Workshops, attended by over 500 individuals, 11 Post Purchase workshops, attended by approximately 300 new home owners, and 12 Rental Housing workshops and dozens of drop-in rental housing clinics, providing application assistance and education to hundreds of vulnerable community members seeking lower income housing opportunities. Together, Home SF and it's member agencies were proud to serve over 5,000 unique households in San Francisco with workshops in 4 different languages. helping to prevent displacement and assisting vulnerable communities to achieve long term housing stability. 87.5% of these households earn below HUD median income for the metro area.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 85.6%; rating input score 86
• Fundraising efficiency: $52.23 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -17.5%; rating input score 11; 11th percentile among comparable filings
• Total-asset coverage ratio: 1.73; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 19.2%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 9.6% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 8.4% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 13.6% per year; rating input score 100; 69th percentile among comparable filings