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Nonprofiteer
← DESTINATION HOME SV

Form 990 for tax year 2023

Filed by DESTINATION HOME SV.

Totals

Total revenue
$29,000,523
Total expenses
$27,629,347
Contributions and grants received
$27,149,080
Grants paid
$20,095,925
Program service revenue
$59,602
Investment income
$1,791,841
Other revenue
$0
Total assets, end of year
$79,780,802
Total liabilities, end of year
$1,483,824
Net assets or fund balances, end of year
$78,296,978
Program services expenses (Part IX)
$26,935,529
Management and general expenses
$511,444
Fundraising expenses
$182,374
Program service expenses (Part III)
$26,935,529

Program services were 97.5% 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.

  • 1d · Related organizations

    $5,102,495

  • 1e · Government grants (contributions)

    $6,637,367

  • 1f · All other contributions, gifts and grants

    $15,409,218

  • 1g · Noncash contributions included above

    $724,967

  • 2a · Program service revenue: Program Related Investment Fees

    total $59,602 · related or exempt $59,602

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,792,960 · excluded $1,792,960

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $724,967

  • 7b · Less cost or other basis and sales expenses

    securities $726,086

  • 7c · Gain or loss

    securities -$1,119 · other assets $0

  • 7d · Net gain or loss

    total -$1,119 · excluded -$1,119

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,095,925 · program services $20,095,925

  • 5 · Compensation of officers, directors and key employees

    total $1,137,096 · program services $966,532 · management and general $113,709 · fundraising $56,855

  • 7 · Other salaries and wages

    total $1,236,310 · program services $1,050,863 · management and general $123,631 · fundraising $61,816

  • 8 · Pension plan contributions

    total $112,626 · program services $95,732 · management and general $11,263 · fundraising $5,631

  • 9 · Other employee benefits

    total $163,156 · program services $138,683 · management and general $16,316 · fundraising $8,157

  • 10 · Payroll taxes

    total $130,608 · program services $111,017 · management and general $13,061 · fundraising $6,530

  • 11a · Fees: management

    total $201,232 · program services $100,616 · management and general $100,616

  • 11b · Fees: legal

    total $38,222 · management and general $38,222

  • 11c · Fees: accounting

    total $6,084 · management and general $6,084

  • 11g · Fees: other

    total $455,739 · program services $387,378 · management and general $45,574 · fundraising $22,787

  • 12 · Advertising and promotion

    total $20,874 · program services $17,743 · management and general $2,087 · fundraising $1,044

  • 13 · Office expenses

    total $20,469 · program services $17,399 · management and general $2,047 · fundraising $1,023

  • 14 · Information technology

    total $56,028 · program services $47,624 · management and general $5,603 · fundraising $2,801

  • 16 · Occupancy

    total $168,224 · program services $142,991 · management and general $16,822 · fundraising $8,411

  • 17 · Travel

    total $49,114 · program services $41,747 · management and general $4,911 · fundraising $2,456

  • 19 · Conferences, conventions and meetings

    total $92,976 · program services $83,458 · management and general $6,345 · fundraising $3,173

  • 23 · Insurance

    total $18,811 · program services $15,989 · management and general $1,881 · fundraising $941

  • 24a · Other expenses: Program Expenses

    total $3,601,663 · program services $3,601,663

  • 24b · Other expenses: Dues & Subscriptions

    total $11,857 · program services $11,195 · management and general $441 · fundraising $221

  • 24c · Other expenses: VOLUNTEER, DONOR APPRECIATION & DONOR CULTIVATIONS

    total $10,558 · program services $8,974 · management and general $1,056 · fundraising $528

  • 24d · Other expenses: Bank, Credit Card & Filing Fees

    total $1,775 · management and general $1,775

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,845 · end of year $5,000

  • 3 · Pledges and grants receivable

    beginning of year $6,725,474 · end of year $3,223,696

  • 4 · Accounts receivable

    beginning of year $695,183 · end of year $1,084,351

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $48,530,017 · end of year $50,380,451

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $20,577,542 · end of year $25,087,304

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $370,247 · end of year $433,244

  • 18 · Grants payable

    beginning of year $318,000 · end of year $1,050,580

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $69,169,113 · end of year $72,945,512

  • 28 · Net assets with donor restrictions

    beginning of year $6,711,701 · end of year $5,351,466

Mission and programs · 2023

Mission

DESTINATION: HOME'S MISSION IS TO MAKE HOMELESSNESS RARE, BRIEF, AND NON-RECURRING IN SANTA CLARA COUNTY.

  • HUMAN SERVICES: PROGRAMS AND SERVICES THAT PROVIDE DIRECT BENEFITS TO CLIENTS WHO ARE HOMELESS OR AT-RISK OF HOMELESSNESS.

    Expenses $23,092,602 · Grants $17,121,459

  • HOUSING AND TRANSPORTATION: ACTIVITIES THAT INCREASE THE PRODUCTION AND SUPPLY OF DEEPLY AFFORDABLE AND SUPPORTIVE HOUSING.

    Expenses $3,562,336 · Grants $2,507,000 · Revenue $59,602

  • WORKFORCE DEVELOPMENT: SERVICES THAT SUPPORT THE DEVELOPMENT OF LIVING-WAGE EMPLOYMENT OPPORTUNITIES FOR HOMELESS AND FORMERLY HOMELESS INDIVIDUALS.

    Expenses $180,413 · Grants $126,966

  • Community development, animal welfare, and other program services

    Expenses $100,178 · Grants $340,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Benjamin Spero

    Director/Chair of Board

    Total calculated
    $0
    Hours/week
    0.5

  • Jacky Morales-Ferrand

    Director/Secretary (until 7/14/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Loving

    President/Chief Executive Officer

    Total calculated
    $518,989
    From this org
    $450,815
    From related orgs
    $0
    Other
    $68,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $449,711
    Bonus
    $0
    Other
    $1,104
    Deferred
    $55,500
    Nontaxable benefits
    $12,674
    Filer's total
    $518,989

  • Ky Le

    Director/Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Lee Wilcox

    Director/Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Dontae Lartigue

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Wipfler

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Bernstein Chargin

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Joel John Roberts

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • John A Sobrato

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Louis Chicoine

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Taylor

    Director/CEO of SVCF

    Total calculated
    $1,197,190
    From this org
    $0
    From related orgs
    $1,110,573
    Other
    $86,617
    Hours/week
    0.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $983,726 related
    Bonus
    $0 + $34,407 related
    Other
    $0 + $92,440 related
    Deferred
    $0 + $55,500 related
    Nontaxable benefits
    $0 + $31,117 related
    Filer's total
    $0 + $1,197,190 related

  • Preston Prince

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Roger Biscay

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Ted Wang

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Valencia

    Chief Financial Officer

    Total calculated
    $334,379
    From this org
    $0
    From related orgs
    $300,688
    Other
    $33,691
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,046 related
    Bonus
    $0
    Other
    $0 + $642 related
    Deferred
    $0 + $29,909 related
    Nontaxable benefits
    $0 + $3,782 related
    Filer's total
    $0 + $334,379 related

  • Chad Bojorquez

    Chief Program Officer

    Total calculated
    $279,094
    From this org
    $248,224
    From related orgs
    $0
    Other
    $30,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,744
    Bonus
    $0
    Other
    $480
    Deferred
    $13,588
    Nontaxable benefits
    $17,282
    Filer's total
    $279,094

  • Ray Bramson

    Chief Operating Officer

    Total calculated
    $339,012
    From this org
    $295,684
    From related orgs
    $0
    Other
    $43,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,204
    Bonus
    $0
    Other
    $480
    Deferred
    $29,973
    Nontaxable benefits
    $13,355
    Filer's total
    $339,012

  • Chelsea Muller

    Communications and Public Policy Officer

    Total calculated
    $157,347
    From this org
    $123,289
    From related orgs
    $0
    Other
    $34,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,040
    Bonus
    $0
    Other
    $249
    Deferred
    $13,457
    Nontaxable benefits
    $20,601
    Filer's total
    $157,347

  • Claudine Sipili

    Director, Lived Experience and Innovation

    Total calculated
    $163,213
    From this org
    $149,861
    From related orgs
    $0
    Other
    $13,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,556
    Bonus
    $0
    Other
    $305
    Deferred
    $5,912
    Nontaxable benefits
    $7,440
    Filer's total
    $163,213

  • David Low

    Director, Policy and Communications

    Total calculated
    $244,527
    From this org
    $215,140
    From related orgs
    $0
    Other
    $29,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,683
    Bonus
    $0
    Other
    $457
    Deferred
    $21,567
    Nontaxable benefits
    $7,820
    Filer's total
    $244,527

  • Maia Bookoff

    Development Officer

    Total calculated
    $170,644
    From this org
    $153,851
    From related orgs
    $0
    Other
    $16,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,534
    Bonus
    $0
    Other
    $317
    Deferred
    $15,853
    Nontaxable benefits
    $940
    Filer's total
    $170,644

  • Maureen Damrel

    Senior Initiatives Officer

    Total calculated
    $155,071
    From this org
    $128,991
    From related orgs
    $0
    Other
    $26,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,742
    Bonus
    $0
    Other
    $249
    Deferred
    $14,044
    Nontaxable benefits
    $12,036
    Filer's total
    $155,071

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON SVCF, A RELATED ORGANIZATION, TO SET COMPENSATION FOR THE ORGANIZATION'S CEO. SVCF USED ONE OR MORE OF THE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
Schedule J, Part II REPORTED SALARIES
THIS SECTION INCLUDES SALARIES OF SILICON VALLEY COMMUNITY FOUNDATION EXECUTIVES WHO ARE BOARD MEMBERS OF DESTINATION: HOME SV. THESE SALARIES ARE NOT PAID BY DESTINATION: HOME SV, AND ARE ONLY LISTED BECAUSE SILICON VALLEY COMMUNITY FOUNDATION IS A RELATED ORGANIZATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ICONIQ ACCESS XLI LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICONIQ DC FUND I FEEDER (TE) LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE 2018 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE 2019 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE I-B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CVC 2019 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • Nydig Institutional Bitcoin Fund Lp

    N/A · Investment · DE

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Clearlake Opportunities Partners (E-Offshore) LP

    C Corporation · Investment · CJ

    Directly controlled by NA

  • Farallon Co-Investment Feeder Fund LP

    C Corporation · Investment · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403109349303175

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