San Luis Obispo County Housing Trust Fund

San Luis Obispo County Housing Trust Fund consistently grows assets with zero reported officer compensation.

EIN: 134243257 · Sn Luis Obisp, CA · NTEE: L20 · Updated: 2026-03-28

$8.6MRevenue

$25.7MAssets

95/100Mission Score (Excellent)

L20

About San Luis Obispo County Housing Trust Fund

San Luis Obispo County Housing Trust Fund (EIN: 134243257) is a nonprofit organization based in Sn Luis Obisp, CA, classified under NTEE code L20. The organization reported total revenue of $8.6M and total assets of $25.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of San Luis Obispo County Housing Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The San Luis Obispo County Housing Trust Fund demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in assets and revenue over the past decade. In the latest filing period (202312), the organization reported revenue of $2,364,109 against expenses of $699,964, indicating a healthy surplus that contributes to its asset base, which stood at $21,684,022. The organization's liabilities have also grown, reaching $9,020,667 in 202312, which is typical for housing trusts that often utilize debt financing for their programs. The consistent absence of reported officer compensation across all filings suggests a highly efficient operational model, likely relying on volunteer leadership or staff salaries not categorized as officer compensation, which enhances its spending efficiency and transparency regarding executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates San Luis Obispo County Housing Trust Fund with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, San Luis Obispo County Housing Trust Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, volunteer-based, or compensated through general staff salaries rather than specific officer compensation, which is a positive indicator of financial efficiency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for San Luis Obispo County Housing Trust Fund:

Consistent asset growth, from $7.48M in 2014 to $21.68M in 2023.
Zero reported officer compensation across all 13 filings, indicating high efficiency.
Healthy revenue-to-expense ratio, with revenue significantly exceeding expenses in most periods (e.g., $2.36M revenue vs. $0.70M expenses in 202312).
Strong program focus implied by low administrative overhead and mission-driven asset accumulation.

Frequently Asked Questions about San Luis Obispo County Housing Trust Fund

Is San Luis Obispo County Housing Trust Fund a good charity?

Based on its financial data, the San Luis Obispo County Housing Trust Fund appears to be a very good charity. It consistently grows its assets, maintains a healthy revenue-to-expense ratio, and reports no officer compensation, suggesting a strong focus on its mission and efficient use of funds.

How has the organization's financial health changed over time?

The organization has shown significant financial growth. Its assets have increased from $7,480,081 in 201412 to $21,684,022 in 202312, and revenue has fluctuated but generally trended upwards, demonstrating sustained financial health and capacity building.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings, indicating a highly lean approach to executive pay, potentially relying on volunteer leadership or integrating executive salaries within broader operational expenses, which is a strong positive for efficiency.

Filing History

IRS 990 filing history for San Luis Obispo County Housing Trust Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), San Luis Obispo County Housing Trust Fund's revenue has grown by 20%, moving from $2.0M to $2.4M. Total assets increased by 337.2% over the same period, from $5.0M to $21.7M. Total functional expenses rose by 161.3%, from $268K to $700K. In its most recent filing year (2023), San Luis Obispo County Housing Trust Fund reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $9.0M in liabilities against $21.7M in assets (debt-to-asset ratio: 41.6%), resulting in net assets of $12.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.4M	$700K	$21.7M	$9.0M	—	—
2022	$771K	$522K	$19.4M	$7.6M	—	View 990
2021	$2.6M	$533K	$16.4M	$4.8M	—	View 990
2020	$2.2M	$569K	$14.9M	$5.4M	—	—
2019	$668K	$583K	$13.7M	$5.8M	—	View 990
2018	$1.7M	$445K	$13.3M	$5.5M	—	View 990
2017	$1.1M	$389K	$10.7M	$4.3M	—	View 990
2016	$472K	$288K	$10.3M	$4.5M	—	View 990
2015	$392K	$282K	$9.3M	$3.7M	—	View 990
2014	$1.6M	$288K	$7.5M	$2.0M	—	View 990
2013	$627K	$257K	$5.4M	$1.3M	—	View 990
2012	$847K	$261K	$5.0M	$1.1M	—	View 990
2011	$2.0M	$268K	$5.0M	$1.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.4M, expenses of $700K, and assets of $21.7M (revenue +206.5% year-over-year).
2022: Revenue of $771K, expenses of $522K, and assets of $19.4M (revenue -70.9% year-over-year).
2021: Revenue of $2.6M, expenses of $533K, and assets of $16.4M (revenue +21.9% year-over-year).
2020: Revenue of $2.2M, expenses of $569K, and assets of $14.9M (revenue +225.1% year-over-year).
2019: Revenue of $668K, expenses of $583K, and assets of $13.7M (revenue -60.9% year-over-year).
2018: Revenue of $1.7M, expenses of $445K, and assets of $13.3M (revenue +62.1% year-over-year).
2017: Revenue of $1.1M, expenses of $389K, and assets of $10.7M (revenue +123.6% year-over-year).
2016: Revenue of $472K, expenses of $288K, and assets of $10.3M (revenue +20.3% year-over-year).
2015: Revenue of $392K, expenses of $282K, and assets of $9.3M (revenue -75.6% year-over-year).
2014: Revenue of $1.6M, expenses of $288K, and assets of $7.5M (revenue +156.6% year-over-year).
2013: Revenue of $627K, expenses of $257K, and assets of $5.4M (revenue -26.0% year-over-year).
2012: Revenue of $847K, expenses of $261K, and assets of $5.0M (revenue -57.0% year-over-year).
2011: Revenue of $2.0M, expenses of $268K, and assets of $5.0M.

Data Sources and Methodology

This transparency report for San Luis Obispo County Housing Trust Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.