University of California Home Loan Program Corporation
University of California Home Loan Program Corporation
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About this organization
Mission
The organization performs the loan origination functions associated with the University of California's housing assistance program. The mission of the program is to provide mortgage loan assistance in support of the recruitment and retention of faculty and senior managers.
About
The University of California Home Loan Program Corporation (UCHLP) administers the mortgage lending activities of the University of California's mortgage program for faculty and certain senior managers. The daily activities of UCHLP are carried out by employees of the University of California's office of loan programs pursuant to a services agreement between UCHLP and the regents of the University of California. For the fiscal year ended June 30, 2019, 396 first deed mortgages were funded with an aggregate dollar amount of $296.2 million, and 67 second trust deed mortgages were funded with an aggregate dollar amount of $8.1 million. The primary expense associated with the corporation is interest expense on advances from the university.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “The organization performs the loan origination functions associated with the university of california's housing assistance program. the mission of the program is to provide mortgage loan assistance in support of the recruitment and retention of faculty and senior managers.”.
When referring to its actions, they were outlined as: “The organization performs the loan origination functions associated with the university of california's housing assistance program. the mission of the program is to provide mortgage loan assistance in support of the recruitment and retention of faculty and senior managers.”.
- The non-profit has complied with legal obligations by reporting their state of operation as CA.
- The non-profit's address in 2020 is noted in the filing as 1111 FRANKLIN STREET 6TH FLOOR, OAKLAND, CA, 94607.
- The non-profit's form for 2020 reports a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,440,952.
- The organization has 0 independent voting members.
- The organization was formed in 2014.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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