North Bay Housing Coalition

What it reported doing in 2024

GOLDEN STATE POOLED TRUSTThe Golden State Pooled Trust (GSPT), established in 2004, has grown to support over 550 beneficiaries with a trust corpus totaling $22,251,250 as of 12/31/2024. GSPT ensures reliable asset management while safeguarding continued eligibility for essential government benefits, such as Supplemental Security Income (SSI), Medi-Cal, and In-Home Support Services (IHSS).GSPT holds funds from sources like lawsuit settlements, inheritances, or other payments, which is crucial in cases where:1. A sudden influx of funds could disqualify a person with disabilities from essential public benefits.2. The recipient requires ongoing care or advocacy over an extended period.3. The award may be quickly depleted to cover medical expenses, which would otherwise be covered by Medi-Cal, and the recipient lacks other financial support to meet their needs.Pooled special needs trusts are an effective solution for managing unexpected financial proceeds, such as those from litigation or inheritances, while preserving access to critical benefits that support the well-being of the individual. Funds placed in a properly structured pooled special needs trust, like GSPT, are not considered a resource when qualifying for SSI, Medi-Cal, or IHSS.Maintaining a balance between preserving public benefits and accommodating the limitations of a special needs trust is essential. The primary restriction is that beneficiaries do not have direct access to the funds. Instead, the trustee pays for goods and services on their behalf.Skilled trustees and advisors experienced in managing special needs trusts can help alleviate the restrictions, making the process smoother.The Golden State Pooled Trust is a sound option for protecting litigation proceeds, offering secure asset management and dedicated advocacy for the benefit of the trusts beneficiaries.HOUSING SERVICES AND SUPPORTS TO PERSONS WITH INTELLECTUAL/DVELOPMENTALDISABILITIESOur Housing Services and Support program is designed to empower individuals withintellectual and developmental disabilities (I/DD) to achieve stable, independent living arrangements. This comprehensive program offers essential guidance and resources through each step of the housing journey, from planning to implementation. Key components of the program include:1. Development of a Personalized Housing Plan: Each participant receives a customized housing plan that addresses individual needs and goals. The plan includes detailed budget analysis, helping individuals understand and manage housing costs and identify financial resources.2. Housing Search: we offer specialized housing searches tailored to each personsdesires and needs.3. Background Check Coordination: To enhance housing security and meet requirementsof potential landlords or housing providers, we conduct thorough background checks.This step helps facilitate access to suitable housing options that prioritize safety and accessibility.4. Identification of Housing Barriers: We work with participants to identify potential obstacles to securing housing, including financial limitations, credit history, or accessibility needs. Our team provides actionable solutions to overcome these barriers, opening pathways to stable housing.5. Tenant Education and Empowerment: Education is a vital component of our program.Participants receive training on tenant rights and responsibilities, budgeting, andhousehold management. This empowers them to build sustainable housing practicesand maintain long-term tenancy successfully.6. Mediation and Liaison Services: We act as a mediator and liaison betweenparticipants and property managers to facilitate clear communication and ensuremutual understanding. Our team supports individuals in negotiating lease agreements, addressing concerns, and resolving conflicts with property managers. By providingskilled mediation, we foster a positive relationship between tenants and propertymanagers, helping to maintain stability and long-term housing succe

Financial Efficiency

• Mission deployment rate: 87.1%; rating input score 87
• Program expense ratio: 86.6%; rating input score 87
• Fundraising efficiency: Limited

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: -0.6%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 14.8; rating input score 94; 94th percentile among comparable filings
• Liabilities to assets ratio: 1.01; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 12% per year; rating input score 100; 68th percentile among comparable filings
• Revenue growth: 10.9% per year; rating input score 100; 69th percentile among comparable filings
• Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings