Totals
- Total revenue
- $23,027,841
- Total expenses
- $8,717,922
- Contributions and grants received
- $13,398,570
- Grants paid
- $160,491
- Program service revenue
- $7,179,861
- Investment income
- $2,477,493
- Other revenue
- -$28,083
- Total assets, end of year
- $244,644,739
- Total liabilities, end of year
- $118,779,685
- Net assets or fund balances, end of year
- $125,865,054
- Program services expenses (Part IX)
- $5,525,335
- Management and general expenses
- $2,464,148
- Fundraising expenses
- $728,439
- Program service expenses (Part III)
- $5,525,335
Program services were 63.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$162,800
-
1e · Government grants (contributions)
$1,649,357
-
1f · All other contributions, gifts and grants
$11,586,413
-
2a · Program service revenue: INTEREST INCOME ON LOA
total $5,097,948 · related or exempt $5,097,948
-
2b · Program service revenue: PROGRAM SERVICE FEE
total $2,081,913 · related or exempt $2,081,913
-
3 · Investment income
total $2,441,644 · excluded $2,441,644
-
7a · Gross sales of assets other than inventory
securities $46,354,780
-
7b · Less cost or other basis and sales expenses
securities $46,318,931
-
7c · Gain or loss
securities $35,849
-
7d · Net gain or loss
total $35,849 · excluded $35,849
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$162,800
-
8b · Fundraising events: direct expenses
$33,477
-
8c · Net income from fundraising events
total -$33,477 · excluded -$33,477
-
11a · Other revenue: OTHER INCOME
total $5,394 · excluded $5,394
-
11e · Other revenue, total
$5,394
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $160,491 · program services $160,491
-
5 · Compensation of officers, directors and key employees
total $1,308,266 · program services $574,111 · management and general $553,324 · fundraising $180,831
-
7 · Other salaries and wages
total $2,743,400 · program services $1,595,888 · management and general $897,125 · fundraising $250,387
-
8 · Pension plan contributions
total $172,145 · program services $88,898 · management and general $64,634 · fundraising $18,613
-
9 · Other employee benefits
total $415,588 · program services $252,699 · management and general $120,538 · fundraising $42,351
-
10 · Payroll taxes
total $273,812 · program services $152,579 · management and general $89,673 · fundraising $31,560
-
11b · Fees: legal
total $58,062 · program services $43,254 · management and general $14,808
-
11c · Fees: accounting
total $172,055 · management and general $172,055
-
11f · Fees: investment management
total $38,035 · management and general $38,035
-
11g · Fees: other
total $798,912 · program services $492,683 · management and general $185,351 · fundraising $120,878
-
12 · Advertising and promotion
total $7,304 · program services $650 · fundraising $6,654
-
13 · Office expenses
total $70,902 · program services $33,647 · management and general $28,106 · fundraising $9,149
-
16 · Occupancy
total $287,502 · program services $164,715 · management and general $83,991 · fundraising $38,796
-
17 · Travel
total $42,312 · program services $23,343 · management and general $15,275 · fundraising $3,694
-
19 · Conferences, conventions and meetings
total $30,017 · program services $17,311 · management and general $10,399 · fundraising $2,307
-
20 · Interest
total $1,729,083 · program services $1,729,083
-
22 · Depreciation, depletion and amortization
total $88,627 · program services $50,661 · management and general $25,989 · fundraising $11,977
-
23 · Insurance
total $76,951 · program services $750 · management and general $76,201
-
24a · Other expenses: DONATIONS & SPONSORSHIP
total $29,473 · program services $28,473 · management and general $1,000
-
24e · All other expenses
total $214,985 · program services $116,099 · management and general $87,644 · fundraising $11,242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $598 · end of year $10,002
-
2 · Savings and temporary cash investments
beginning of year $50,420,441 · end of year $64,908,130
-
3 · Pledges and grants receivable
beginning of year $4,125,000 · end of year $277,500
-
4 · Accounts receivable
beginning of year $512,283 · end of year $512,744
-
7 · Other notes and loans receivable
beginning of year $163,715,358 · end of year $154,295,208
-
9 · Prepaid expenses and deferred charges
beginning of year $295,806 · end of year $225,820
-
10a · Land, buildings and equipment: cost or other basis
$535,500
-
10b · Land, buildings and equipment: accumulated depreciation
$401,686
-
10c · Land, buildings and equipment, net
beginning of year $89,782 · end of year $133,814
-
11 · Investments: publicly traded securities
beginning of year $21,739,631 · end of year $24,281,521
-
17 · Accounts payable and accrued expenses
beginning of year $1,697,920 · end of year $1,501,809
-
19 · Deferred revenue
beginning of year $9,611,549 · end of year $9,915,453
-
21 · Escrow or custodial account liability
beginning of year $4,838,212 · end of year $5,034,083
-
23 · Secured mortgages and notes payable
beginning of year $13,364,203 · end of year $11,816,733
-
24 · Unsecured notes and loans payable
beginning of year $84,632,358 · end of year $84,788,960
-
25 · Other liabilities
beginning of year $17,308,099 · end of year $5,722,647
-
27 · Net assets without donor restrictions
beginning of year $60,768,910 · end of year $82,875,276
-
28 · Net assets with donor restrictions
beginning of year $48,677,648 · end of year $42,989,778
Mission and programs · 2022
Mission
OUR MISSION AT HOUSING TRUST SILICON VALLEY, IS TO USE TRANSFORMATIVE HOUSING FINANCE AND PUBLIC AND PRIVATE PARTNERSHIPS TO CREATE MORE EQUITABLE AND AFFORDABLE COMMUNITIES.
Activities or mission (Part I)
WE USE TRANSFORMATIVE HOUSING FINANCE AND PUBLIC AND PRIVATE PARTNERSHIPS TO CREATE MORE EQUITABLE AND AFFORDABLE COMMUNITIES.
-
THE COMPETITIVE REAL ESTATE MARKET IN THE GREATER BAY AREA CREATES A CHALLENGING ENVIRONMENT FOR AFFORDABLE HOUSING DEVELOPMENT. HOUSING TRUST - WHICH MAKES MORE LOANS THAN ANY OTHER NONPROFIT HOUSING LENDER IN OUR REGION - IS HERE TO HELP. SINCE 2000, HOUSING TRUST HAS MADE LOANS TO 181 AFFORDABLE HOUSING PROJECTS, TOTALING OVER $495 MILLION IN FUNDING AND RESULTING IN 16,431 AFFORDABLE RENTAL HOMES. OUR BORROWERS ARE TYPICALLY COMMUNITY-BASED, NON-PROFIT AND MISSION ALIGNED FOR-PROFIT AFFORDABLE HOUSING DEVELOPERS WHOSE COLLECTIVE MISSION IS TO INCREASE AND PRESERVE THE AFFORDABLE HOUSING STOCK IN THE COMMUNITIES THEY SERVE, AND BY SO DOING, REVITALIZE SUCH COMMUNITIES. WE LEND IN THE GREATER BAY AREA INCLUDING ALAMEDA, CONTRA COSTA, MARIN, MONTEREY, NAPA, SACRAMENTO, SAN BENITO, SAN FRANCISCO, SAN JOAQUIN, SAN MATEO, SANTA CLARA, SANTA CRUZ, SOLANO, AND SONOMA COUNTIES.
Expenses $3,079,334 · Grants $9,091 · Revenue $6,611,842
-
SIX-FIGURE DOWN PAYMENTS CAN PUT THE DREAM OF HOMEOWNERSHIP OUT OF REACH. HOUSING TRUST OFFERS FIRST TIME HOMEBUYERS THE EDUCATION AND COUNSELING, DEFERRED INTEREST LOANS AND BELOW MARKET PURCHASE PROGRAMS THAT CAN BRING THAT DREAM CLOSER TO REALITY. HOUSING TRUST'S HOMEBUYER TEAM OFFERS ONE-ON-ONE SESSIONS THAT COVER TOPICS INCLUDING SAVING FOR A DOWN PAYMENT AND RESERVES, HOW TO SELECT AND WORK WITH REALTORS AND MORTGAGE LOAN OFFICERS AND WHAT TO EXPECT UPON CLOSING ON A NEW HOME. HOUSING TRUST'S FINANCIAL PRODUCTS REDUCE THE BURDEN OF 20% DOWN PAYMENT REQUIREMENTS AND BRIDGE THE GAP BETWEEN WHAT LOW- TO MIDDLE-INCOME BUYERS CAN AFFORD TO BORROW AND THE EQUITY REQUIRED TO DO SO. SINCE 2000 WE HAVE OFFERED HOMEBUYER DOWN PAYMENT ASSISTANCE AS DEFERRED, AMORTIZING AND EQUITY SHARE LOANS, DEPENDING ON INCOME LEVEL AND NEEDS OF THE BORROWER. OUR LOANS UNDER THESE PROGRAMS RANGE FROM $6,500 TO $250,000. WE HAVE MADE 2,593 DOWN PAYMENT ASSISTANCE LOANS TOTALING OVER $57 MILLION SINCE OUR FOUNDING. IN FY23, HOUSING TRUST PROVIDED EDUCATION AND COUNSELING TO 1,984 HOPEFUL HOMEBUYERS, MADE NINE DOWN PAYMENT ASSISTANCE LOANS.
Expenses $671,447 · Revenue $563,767
-
IN 2023, WE OFFERED LIMITED SECURITY DEPOSIT ASSISTANCE AND ARE PHASING OUT THE PROGRAM THAT STRENGTHENED AND EXPANDED THE CAPACITY OF SOCIAL SAFETY NET PROVIDERS AND PROVIDED THE FINAL KEY TO INDIVIDUALS AND FAMILIES TO PREVENT OR EXIT HOMELESSNESS.
Expenses $61,400 · Grants $61,400
-
OTHER PROGRAMS.
Expenses $1,713,154 · Grants $90,000 · Revenue $4,252
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joe AnzaloneJOE ANZALONE
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Lisa GutierrezLISA GUTIERREZ
FIRST/SECOND VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin DeebleKEVIN DEEBLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sharon LeeSHARON LEE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike BeasleyMIKE BEASLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary ChandlerMARY CHANDLER
DIRECTOR (UNTIL 2/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Art FatumART FATUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan FearnJONATHAN FEARN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie FerrickKATIE FERRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Papia GambelinPAPIA GAMBELIN
DIRECTOR (UNTIL 2/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Fiona HsuFIONA HSU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katia KamangarKATIA KAMANGAR
DIRECTOR (UNTIL 2/1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Meg McGraw-SchererMEG MCGRAW-SCHERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hilda RamirezHILDA RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig RobinsonCRAIG ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim SteeleTIM STEELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ahmad ThomasAHMAD THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Antonieta RamosANTONIETA RAMOS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $427,837
- From this org
- $408,789
- From related orgs
- $0
- Other
- $19,048
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $332,489
- Bonus
- $75,000
- Other
- $1,300
- Deferred
- $15,250
- Nontaxable benefits
- $5,031
- Filer's total
- $429,070
-
Julie MahowaldJULIE MAHOWALD
CHIEF FINANCIAL OFFICER
- Total calculated
- $320,681
- From this org
- $289,968
- From related orgs
- $0
- Other
- $30,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,838
- Bonus
- $31,130
- Other
- $0
- Deferred
- $13,089
- Nontaxable benefits
- $18,757
- Filer's total
- $321,814
-
Prathit ThakerPRATHIT THAKER
CHIEF CREDIT OFFICER
- Total calculated
- $212,392
- From this org
- $190,142
- From related orgs
- $0
- Other
- $22,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,644
- Bonus
- $13,498
- Other
- $0
- Deferred
- $4,975
- Nontaxable benefits
- $18,309
- Filer's total
- $213,426
-
Fathia MacauleyFATHIA MACAULEY
CHIEF LENDING OFFICER
- Total calculated
- $222,471
- From this org
- $198,143
- From related orgs
- $0
- Other
- $24,328
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,245
- Bonus
- $4,898
- Other
- $0
- Deferred
- $9,796
- Nontaxable benefits
- $15,778
- Filer's total
- $223,717
-
Nazmin BishopNAZMIN BISHOP
CHIEF DEV. & COM. OFFICER
- Total calculated
- $195,230
- From this org
- $164,220
- From related orgs
- $0
- Other
- $31,010
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,015
- Bonus
- $4,205
- Other
- $0
- Deferred
- $6,151
- Nontaxable benefits
- $26,853
- Filer's total
- $197,224
-
Guadalupe De Lourdes Medina MendezGUADALUPE DE LOURDES MEDINA MENDEZ
HUMAN RESOURCES DIRECTOR
- Total calculated
- $173,808
- From this org
- $156,433
- From related orgs
- $0
- Other
- $17,375
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,136
- Bonus
- $6,297
- Other
- $0
- Deferred
- $7,594
- Nontaxable benefits
- $11,049
- Filer's total
- $175,076
-
Brent MalloyBRENT MALLOY
CONTROLLER
- Total calculated
- $174,984
- From this org
- $145,208
- From related orgs
- $0
- Other
- $29,776
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,538
- Bonus
- $4,670
- Other
- $0
- Deferred
- $7,205
- Nontaxable benefits
- $23,697
- Filer's total
- $176,110
-
Stephaney KippleSTEPHANEY KIPPLE
SENIOR LOAN OFFICER
- Total calculated
- $150,986
- From this org
- $137,305
- From related orgs
- $0
- Other
- $13,681
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,634
- Bonus
- $10,671
- Other
- $0
- Deferred
- $6,342
- Nontaxable benefits
- $8,411
- Filer's total
- $152,058
-
Vivian VoVIVIAN VO
ACCOUNTING MANAGER
- Total calculated
- $163,101
- From this org
- $137,072
- From related orgs
- $0
- Other
- $26,029
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,169
- Bonus
- $5,903
- Other
- $0
- Deferred
- $6,807
- Nontaxable benefits
- $20,215
- Filer's total
- $164,094
-
Martha LopezMARTHA LOPEZ
MANAGER, LOAN ADMIN
- Total calculated
- $146,088
- From this org
- $123,478
- From related orgs
- $0
- Other
- $22,610
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE CEO RECEIVED A NON-FIXED DISCRETIONARY BONUS APPROVED BY THE BOARD OF DIRECTORS. EMPLOYEES RECEIVED NON-FIXED DISCRETIONARY BONUSES BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$61,400
PROGRAM SUPPORT
-
$55,000
PROGRAM SUPPORT
-
$9,091
PARTIAL LOAN FORGIVEN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LTOA LLC
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by HOUSING TRUST SILICON VALLEY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441069349301129
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.