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homeowner families moved in
Hobson Lucas Foundation
Welcome to Habitat for Humanity Greater San Francisco’s Fiscal Year 2024 Annual Report (July 1, 2023 to June 30, 2024). Read more below about the incredible impact and growth we have achieved over the past year and our bold plans to expand our impact in the years ahead.
“At Habitat GSF, we are financially strong and strategically positioned, with a robust pipeline of new homes and preservation projects to drive the impactful, sustainable change our community needs…Together, we can move beyond recognizing the problem and work toward real solutions, one home at a time.”
From Maureen Sedonaen & Dameon Philpotts…
Dear Habitat GSF supporter,
When people ask why support Habitat for Humanity Greater San Francisco (Habitat GSF), our answer is simple: because affordable housing is the number one challenge in the Bay Area and Habitat’s unique affordable homeownership model transforms families’ lives. This isn’t just about homes—it’s about building communities where families can thrive, and that benefits everyone. Homeownership creates a strong ripple effect, positively impacting everything from educational outcomes for children to increased public safety. When people own their homes, they invest in the success of their neighborhoods. They care and they matter in fulfilling the vision of resiliant, strong and vibrant communities.
Becoming a homeowner should not be just a dream—it’s something people are willing to work hard for, something they believe they deserve. When we have over 500 applicants for eight homes, our answer isn’t to stop—it’s that we need to do more, and we need to do it now. This urgency drives us, and it’s the reason we push forward, even when the challenge feels immense. It takes time, effort, and a community-wide commitment to build and achieve this reality. At Habitat GSF, we are financially strong and strategically positioned, with a robust pipeline of new homes and preservation projects to drive the impactful, sustainable change our community needs.
At Habitat GSF, we see the impact of this change every day. Affordable homeownership transforms lives: more kids go to college, families build savings, and people become more active and engaged in their communities. It’s not just about building homes—it’s about creating opportunities for people to take pride in their accomplishments, and that sense of pride radiates throughout the community.
Of the thousands of volunteers who come through our doors each year, many share the same feeling: “I’m doing something that matters.” That’s what Habitat is all about—bringing people together to make a lasting impact. Whether you volunteer your time, donate, or advocate for change, you are a part of this movement to address the Bay Area’s housing crisis. Together, we can move beyond recognizing the problem and work toward real solutions, one home at a time.
Thank you for being a vital part of this work.
In community,
Maureen Sedonaen
Chief Executive Officer, Habitat for Humanity Greater San Francisco
Dameon Philpotts
Board Chair, Habitat for Humanity Greater San Francisco
The Power of Affordable Homeownership
Watch the video to learn how affordable homeownership fits into the larger housing continuum and why it plays such a vital part in our larger community.
Our Year in Numbers
Building
108
homes prepping for construction
Stemming Displacement
26
homes preserved
Time & Talent Shared
≈11,000
volunteer hours
The Latest from Across Our Organization
Expanding Our Impact
In the Bay Area, over 40% of lower-income households risk displacement. To achieve greater impact with our Home Preservation Program, we have focused resources and expanded our remit. This enables us to help more homeowners and perform a broader scope of repairs that impact those with the greatest need.
Partnering with local municipalities, we have now rolled out the program in SF County, Marin County, Redwood City, Daly City, Belle Haven and more to come!
Innovating Around Constraints
In the Bay Area in particular, the need for housing is great yet the barriers to getting new homes built can be overwhelming, costs alone can be an insurmountable factor. When faced with such headwinds, we pivot and innovate to continuously achieve mission impact. Over the past year we have invested in two partnerships which help us continue our affordable homeownership mission despite the unique red tape we are faced with.
Forever Affordable Homes
Our affordable homeownership model is unique in that our homes are permanently affordable, meaning once the home is built it will remain affordable for future families. When a homeowner is ready to move, we purchase the home back and sell it for an affordable price to a new family. We celebrated two such ‘resale’ homeowners this year, one in Redwood City and one in East Palo Alto.
Unprecedented Scale
In early 2024, we closed escrow on a 13.6-acre property in Novato that was generously donated by Pacific Gas and Electric Company. The land transfer marked a major milestone in making the largest 100% affordable homeownership development in the state a reality. Featuring 80 homes set amongst 10 acres of open space and communal areas, the project will provide much-needed housing for more than 300 low- and moderate-income individuals.
Advocating for Change
Over the past year, our advocacy efforts have continued locally, statewide and nationally. While affordable home building certainly can face strong headwinds in our region, there have been significant wins. A number of pro housing bills have been passed that will help streamline construction and help ease some of the challenges to ensuring homes remain affordable.
Building Home and Creating Legacy
Along with her two middle-school aged sons, both fifth-generation San Franciscans, Kristen moved into her new home in early 2024. Becoming a first-time homeowner was special, as Kristen put it, “It’s the first. It has my full name on it. It’s all mine. It’s that feeling of pride.” The theme of pride of ownership is a common one that comes up when we talk with the homeowners we partner with. Whether it’s feeling more comfortable hosting family, having friends over or simply decorating to make your home feel like your own. These seemingly small acts, that many of us may take for granted, can have meaningful and long-lasting impacts.
For Kristen, who moved around as a child and did not have the security of a home that her family owned, she is trying to drive more stability for her family. As she explains it, “We moved around so much [growing up] that what I try to create for my kids is that sense of stability and that sense of home and a place they can come back to. Seeing them thrive and flourish is really all I’m hoping they can do.”
Kristen is helping create her community in Diamond Heights with her Habitat GSF neighbors, as well as beyond, through her volunteering. As she explains, “I try to instill that we have to give back because we’re very lucky in life. My happy is to see other people happy too.” Kristen explained that within their development of eight homes a true community has developed, where the homeowners look out for one another and kids can get together to play. “I’m hoping that other people can get into a program such as mine and be able to have this feeling of comfort, home and community.”
“What I try to create for my kids is that sense of stability and that sense of home and a place they can come back to. Seeing them thrive and flourish is really all I’m hoping they can do.”
Financial Performance
Net Assets $30,928,020
Revenue
Total $28,615,872
* Includes: gain on disposal of property and equipment, and other income
- Public Support $12,178,751
- Sales of Homes $8,671,812
- Land Donation $5,000,000
- Contributions & Grants $1,842,692
- Mortgage Revenue $584,483
- Other* $338,134
Public Support
Total $12,178,751
** Includes: bequests, faith organizations and other non-profit organizations
- Government Grants $5,625,195
- Individuals $3,512,681
- Foundations $1,704,717
- Corporations $1,154,120
- Other Support** $182,038
Expenses
Total $28,040,692
- Programs $22,904,499
- Administration $2,880,102
- Fundraising $2,256,091
One Day. Day One.
We have ambitious goals for the year ahead and a strong pipeline of projects to support this growth. Many of the homeowners we speak with talk about how they wished for the security and stability of homeownership, how it was something they hoped they could work towards one day. Together with our supporters, we are determined to expand our efforts, so we can turn one day into today.
Thank you to our corporate & foundation partners
$100,000+
Marin Community Foundation
Palo Alto Community Fund
Sand Hill Foundation
Solid Rock Foundation
Tamalpais Pacific Foundation
Wells Fargo
$50,000+
The Bank of America Charitable Foundation
BMO
Gilead Sciences, Inc.
Lowe's
Salesforce
$25,000+
Flagstar Bank
Kirkland & Ellis LLP
Stellar Development Foundation
US Bank
$10,000+
- Bailard Inc
- Bank of San Francisco
- Bloomberg
- City National Bank
- Clark Pest Control
- CSAA Insurance Group
- GIC Real Estate, Inc.
- Herman Christensen and Sons
- Holland & Knight*
- The Home Depot Foundation
- Intrax
- JPMorgan Chase
- Kaiser Permanente
- KPMG
- Meta
- Plant Construction Company
- Prime Finance
- Provident Credit Union
- Samsara
- Shartsis Friese LLP
- State Farm Insurance
- TMG Partners
*includes In-kind donations.