Civic Intelligence

Housing Trust Silicon Valley

990 • Fiscal year 2019 • EIN 77-0545135

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 24, 2020

Organization ProfileWWW.HOUSINGTRUSTSV.ORG

View Organization Page

75 E Santa Clara Street No 1350San Jose, CA 95113

(408) 703-3837

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.55x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

6.14x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

94th percentile

54%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

26th percentile

$297,155

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

94th percentile

39%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

74th percentile

12%

Faster revenue growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$166,578,851

Up $46,531,224 (+39%) from 2018

Net Assets

Up

$75,060,855

Up $8,094,383 (+12%) from 2018

Liabilities

Up

$91,517,996

Up $38,436,841 (+72%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin94th percentile

Revenue

Up

$14,912,402

Up $1,654,514 (+12%) from 2018

Expenses

Up

$6,897,919

Up $2,371,457 (+52%) from 2018

Net Income

Down

$8,014,483

Down $716,943 (-8.2%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $30,672,868Liabilities 2010: $2,273,612Net Assets 2010: $28,399,2562010Assets 2011: $38,913,102Liabilities 2011: $5,998,635Net Assets 2011: $32,914,4672011Assets 2012: $37,811,362Liabilities 2012: $4,166,402Net Assets 2012: $33,644,9602012Assets 2013: $39,771,200Liabilities 2013: $5,874,724Net Assets 2013: $33,896,4762013Assets 2014: $46,030,874Liabilities 2014: $10,482,580Net Assets 2014: $35,548,2942014Assets 2015: $52,554,076Liabilities 2015: $12,413,580Net Assets 2015: $40,140,4962015Assets 2016: $72,137,211Liabilities 2016: $19,521,639Net Assets 2016: $52,615,5722016Assets 2017: $100,173,849Liabilities 2017: $41,437,914Net Assets 2017: $58,735,9352017Assets 2018: $120,047,627Liabilities 2018: $53,081,155Net Assets 2018: $66,966,4722018Assets 2019: $166,578,851Liabilities 2019: $91,517,996Net Assets 2019: $75,060,8552019Assets 2020: $223,956,871Liabilities 2020: $134,111,912Net Assets 2020: $89,844,9592020Assets 2021: $250,989,111Liabilities 2021: $146,321,222Net Assets 2021: $104,667,8892021Assets 2022: $240,898,899Liabilities 2022: $131,452,341Net Assets 2022: $109,446,5582022Assets 2023: $244,644,739Liabilities 2023: $118,779,685Net Assets 2023: $125,865,0542023Assets 2024: $276,529,893Liabilities 2024: $135,997,410Net Assets 2024: $140,532,4832024Assets 2025: $313,661,440Liabilities 2025: $130,195,269Net Assets 2025: $183,466,1712025

Highlighted filing

2019

Assets$166,578,851
Liabilities$91,517,996
Net Assets$75,060,855
Open 2019 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Expenses 2010: $2,310,5312010Expenses 2011: $8,793,1822011Expenses 2012: $16,041,2402012Revenue 2013: $10,143,554Expenses 2013: $9,892,038Net Income 2013: $251,5162013Revenue 2014: $5,867,979Expenses 2014: $4,296,204Net Income 2014: $1,571,7752014Revenue 2015: $8,064,476Expenses 2015: $3,456,696Net Income 2015: $4,607,7802015Revenue 2016: $16,141,989Expenses 2016: $3,397,216Net Income 2016: $12,744,7732016Revenue 2017: $10,867,294Expenses 2017: $4,465,818Net Income 2017: $6,401,4762017Revenue 2018: $13,257,888Expenses 2018: $4,526,462Net Income 2018: $8,731,4262018Revenue 2019: $14,912,402Expenses 2019: $6,897,919Net Income 2019: $8,014,4832019Revenue 2020: $24,483,819Expenses 2020: $9,602,863Net Income 2020: $14,880,9562020Revenue 2021: $21,448,557Expenses 2021: $7,260,732Net Income 2021: $14,187,8252021Revenue 2022: $26,012,346Expenses 2022: $20,047,859Net Income 2022: $5,964,4872022Revenue 2023: $23,027,841Expenses 2023: $8,717,922Net Income 2023: $14,309,9192023Revenue 2024: $16,521,006Expenses 2024: $9,922,102Net Income 2024: $6,598,9042024Revenue 2025: $56,290,504Expenses 2025: $13,642,259Net Income 2025: $42,648,2452025

Highlighted filing

2019

Revenue$14,912,402
Expenses$6,897,919
Net Income$8,014,483
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 24, 2020
Return Version
2018v3.1
Gross Receipts
$113,165,687
Mission and Program Overview

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.

Housing trust is leading the effort to create a strong affordable housing market in the greater bay area, including making more loans than any other nonprofit housing lender in the region. From the homeless to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Our financial expertise and extensive private and public sector partnerships ensure we make the most out of every dollar so local residents can secure stable and affordable housing that works for them and their families. To date, housing trust has invested $257 million and our borrowers have leveraged housing trust's investment of $3.8 billion to create 19,066 affordable housing opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$72,669,588$109,696,530▲ $37,026,942
Savings and Temporary Cash Investments$40,146,398$45,576,470▲ $5,430,072
Investments in Publicly Traded Securities$5,175,025$9,067,269▲ $3,892,244
Pledges and Grants Receivable$354,561$606,791▲ $252,230
Land, Buildings, and Equipment, Net$227,425$190,558▼ $36,867
Prepaid Expenses and Deferred Charges$75,880$102,716▲ $26,836
Cash and Non-Interest-Bearing Accounts$274$436▲ $162
Total Assets$120,047,627$166,578,851▲ $46,531,224
Other Assets Total$1,398,476$1,338,081▼ $60,395
Liabilities
Unsecured Notes Loans Payable$44,375,476$75,879,087▲ $31,503,611
Other Liabilities$4,312,390$12,920,151▲ $8,607,761
Deferred Revenue$3,977,332$1,695,150▼ $2,282,182
Accounts Payable and Accrued Expenses$415,957$1,023,608▲ $607,651
Total Liabilities$53,081,155$91,517,996▲ $38,436,841
Net Assets / Fund Balance
Temporarily Rstr Net Assets$37,003,167$40,224,626▲ $3,221,459
Unrestricted Net Assets$29,963,305$34,836,229▲ $4,872,924
Total Net Assets Fund Balance$66,966,472$75,060,855▲ $8,094,383
Total Liabilities and Net Assets / Fund Balance$120,047,627$166,578,851▲ $46,531,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$167,167$107,461$274,628
Other Land Buildings$1,690$51,199$52,889
Leasehold Improvements$21,701$5,297$26,998
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin ZwickChief Executive OfficerFT$220,082$77,073$297,155
Julie MahowaldChief Financial OfficerFT$163,218$28,905$192,123
James MatherChief Lending Officer (as of 05/19)FT$127,556$53,994$181,550
Julie QuinnChief Development OfficerFT$111,918$8,562$120,480
Craig MizushimaChief Compliance & Risk OfficerFT$103,300$13,265$116,565

Board Members and Trustees

NameTitle
George BrownChair
Mary ChandlerFirst Vice-chair
Craig RobinsonSecond Vice-chair
Candice GonzalezDirector
Hilda RamirezDirector
Jim MorgensenDirector
Joe AnzaloneDirector
Katia KamangarDirector
Lisa GutierrezDirector
Lorena Mendez-quezadaDirector
Nathan HoDirector
Rachel ColtonDirector
Sparky HarlanDirector
Thang DoDirector
Sharon LeeDirector (as of 02/19)
Shiloh BallardSecretary
Art FatumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,548,310
Program Service Revenue
$5,318,992
Investment Income
$1,067,743
Other Revenue
$-22,643
All Other Contributions
$722,306
Change in Net Assets
$8,014,483

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,872,831
Revenue Not Reported on Financial Statements
$39,571
Revenue Not Reported on Form 990
$102,885
Total Revenue per Audited Statements
$14,975,716
Total Revenue per Form 990
$14,912,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,490,700
Salaries, Compensation, and Employee Benefits$2,682,802
Grants and Similar Amounts Paid$724,417
Total Fundraising Expense$349,081
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$957,103$238,387$126,279$1,321,769
Interest$1,043,753--$1,043,753
Current Officers, Directors, Trustees, and Key Employees$453,565$350,804$71,976$876,345
Grants to Domestic Individuals$381,611--$381,611
Grants to Domestic Orgs$342,806--$342,806
Fees for Services Other$169,095$94,820$24,631$288,546
Occupancy$200,714$48,276$25,089$274,079
Other Employee Benefits$173,689$67,822$16,089$257,600
Payroll Taxes$110,095$36,870$16,188$163,153
Fees for Services Accounting-$122,179-$122,179
Other Expenses$39,700$27,400$8,545$67,100
Depreciation Depletion$47,419$11,405$5,927$64,751
Pension Plan Contributions$44,515$13,015$6,405$63,935
Advertising$16,592$881$43,467$60,940
Travel$26,448$16,614$2,062$45,124
Fees for Service Investment Mgmnt Fees-$39,571-$39,571
Fees for Services Legal$32,339$5,014-$37,353
Insurance$750$21,124-$21,874
Office Expenses$14,720$3,575$1,735$20,030
Conferences and Meetings$14,174$1,185$688$16,047
Total Functional Expenses$5,416,282$1,132,556$349,081$6,897,919

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,897,919
Total Expenses per Audited Statements$6,881,333
Expenses per Audited Statements$6,858,348
Expenses Not Reported on Financial Statements$39,571
Expenses Not Reported on Form 990$22,985
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HOPE'S CORNER INCMountain View, CA501(c)(3)Safety Net Capital Improvement Grant.$240,000
Family Supportive HousingSan Jose, CA501(c)(3)Partial Loan Forgiven$54,546
Gilroy Compassion CenterGilroy, CA501(c)(3)Safety Net Capital Improvement Grant$48,260
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,992
Fundraising Gross Income$39,842
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$371,401$39,842$20,800$19,042
Total Events$371,401$39,842$64,992$-25,150
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Non-recourse Bank Loan Capital$12,920,151
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed and approves for filing by the audit committee. The entire board receives a copy of the form 990 prior to filing in sufficient time to pose any questions or give comments.”

Form 990, Part VI, Section B, Line 12C

“Each board member must complete and sign a conflict of interest policy annually. New board members or those being considered are evaluated to see if there exist any conflict of interest. Employees must also sign a conflict of interest statement annually. If the board is evaluating a business dealing with an entity that a board member has some involvement, the board member recuses themselves from all discussion and from voting. In addition the board member also excused themselves from the meeting to allow other members to discuss the deal candidly.”

Form 990, Part VI, Section B, Line 15

“The personnel committee relies upon salary survey data to determine the reasonableness of the compensation of chief executive officer. Chief executive uses comparability data to determine compensation of the cfo, clo, chief development officer, and chief compliance & risk officer.”

Form 990, Part VI, Section C, Line 19

“The governing documents are available at the organization offices which are available for inspection monday to friday (except holidays), 9am to 5pm. Post audited financials on website.”

Filing and Contact Details

Filer

Filer Name
Housing Trust Silicon Valley
EIN
77-0545135
Phone
4087033837
Address
75 E SANTA CLARA STREET NO 1350, SAN JOSE, CA 95113

Signing Officer

Name
Kevin Zwick
Title
Chief Executive Officer
Phone
4087033837
Signed
2020-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Zwick
Formed
2000
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
23
Volunteers
17

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Housing trust believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Housing trust's federal and state information returns for the years 2015 through 2018 are subject to examination by regulatory agencies, generally for three and four years after they were filed for federal and state, respectively.”

Raw XML AppendixShowing 400 of 762 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HOUSING TRUST IS LEADING THE EFFORT TO CREATE A STRONG AFFORDABLE HOUSING MARKET IN THE GREATER BAY AREA, INCLUDING MAKING MORE LOANS THAN ANY OTHER NONPROFIT HOUSING LENDER IN THE REGION. FROM THE HOMELESS TO RENTERS TO FIRST-TIME HOMEBUYERS, WE ASSIST A WIDE RANGE OF RESIDENTS WITH PROGRAMS ACROSS THE ENTIRE SPECTRUM OF HOUSING ISSUES. OUR FINANCIAL EXPERTISE AND EXTENSIVE PRIVATE AND PUBLIC SECTOR PARTNERSHIPS ENSURE WE MAKE THE MOST OUT OF EVERY DOLLAR SO LOCAL RESIDENTS CAN SECURE STABLE AND AFFORDABLE HOUSING THAT WORKS FOR THEM AND THEIR FAMILIES. TO DATE, HOUSING TRUST HAS INVESTED $257 MILLION AND OUR BORROWERS HAVE LEVERAGED HOUSING TRUST'S INVESTMENT OF $3.8 BILLION TO CREATE 19,066 AFFORDABLE HOUSING OPPORTUNITIES.
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IRS990/Desc0THE 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 136 AFFORDABLE HOUSING PROJECTS, TOTALING OVER $202 MILLION IN FUNDING AND RESULTING IN 9,758 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, SAN BENITO, SAN FRANCISCO, SAN JOAQUIN, SAN MATEO, SANTA CLARA, SANTA CRUZ, SOLANO AND SONOMA COUNTIES. MULTI-FAMILY LENDING VOLUME HAS GROWN SIGNIFICANTLY OVER THE PAST SEVERAL YEARS AND FY19 WAS OUR BIGGEST LENDING YEAR TO DATE WITH $73.4 MILLION COMMITTED TO FINANCE 1,843 HOMES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1737073
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IRS990/Form990PartVIISectionAGrp/PersonNm0GEORGE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm2CRAIG ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm3ART FATUM
IRS990/Form990PartVIISectionAGrp/PersonNm4SHILOH BALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm5CANDICE GONZALEZ
IRS990/Form990PartVIISectionAGrp/PersonNm6HILDA RAMIREZ
IRS990/Form990PartVIISectionAGrp/PersonNm7LORENA MENDEZ-QUEZADA
IRS990/Form990PartVIISectionAGrp/PersonNm8RACHEL COLTON
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE ANZALONE
IRS990/Form990PartVIISectionAGrp/PersonNm10KATIA KAMANGAR
IRS990/Form990PartVIISectionAGrp/PersonNm11THANG DO
IRS990/Form990PartVIISectionAGrp/PersonNm12LISA GUTIERREZ
IRS990/Form990PartVIISectionAGrp/PersonNm13SPARKY HARLAN
IRS990/Form990PartVIISectionAGrp/PersonNm14NATHAN HO
IRS990/Form990PartVIISectionAGrp/PersonNm15JIM MORGENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm16SHARON LEE
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN ZWICK
IRS990/Form990PartVIISectionAGrp/PersonNm18JULIE MAHOWALD
IRS990/Form990PartVIISectionAGrp/PersonNm19JAMES MATHER
IRS990/Form990PartVIISectionAGrp/PersonNm20JULIE QUINN
IRS990/Form990PartVIISectionAGrp/PersonNm21CRAIG MIZUSHIMA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18177747
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19135136
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20111918
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21103300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (AS OF 02/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF LENDING OFFICER (AS OF 05/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF COMPLIANCE & RISK OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0331559
IRS990/FundraisingDirectExpensesAmt064992
IRS990/FundraisingGrossIncomeAmt039842
IRS990/GainOrLossGrp/SecuritiesAmt099220
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt07494445
IRS990/GrantAmt054546
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IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt0113165687
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt0750
IRS990/InsuranceGrp/TotalAmt021874
IRS990/InterestGrp/ProgramServicesAmt01043753
IRS990/InterestGrp/TotalAmt01043753
IRS990/InvestmentIncomeGrp/ExclusionAmt0968523
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0968523
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt09067269
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0163957
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0227425
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IRS990/LandBldgEquipCostOrOtherBssAmt0354515
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt098188293
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF HOUSING TRUST SILICON VALLEY IS TO MAKE BAY AREA A MORE AFFORDABLE PLACE TO LIVE. WE MAKE LOANS AND GRANTS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING, ASSIST FIRST-TIME HOMEBUYERS, PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt066966472
IRS990/NetAssetsOrFundBalancesEOYAmt075060855
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt099220
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt099220
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-25150
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-25150
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt079900
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt025089
IRS990/OccupancyGrp/ManagementAndGeneralAmt048276
IRS990/OccupancyGrp/ProgramServicesAmt0200714
IRS990/OccupancyGrp/TotalAmt0274079
IRS990/OfficeExpensesGrp/FundraisingAmt01735
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03575
IRS990/OfficeExpensesGrp/ProgramServicesAmt014720
IRS990/OfficeExpensesGrp/TotalAmt020030
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01398476
IRS990/OtherAssetsTotalGrp/EOYAmt01338081
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016089
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt067822
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0173689
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0257600
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2DONATIONS & SPONSORSHIP
IRS990/OtherExpensesGrp/FundraisingAmt08545
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033614
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127400
IRS990/OtherExpensesGrp/ProgramServicesAmt01286000
IRS990/OtherExpensesGrp/ProgramServicesAmt161194
IRS990/OtherExpensesGrp/ProgramServicesAmt239700
IRS990/OtherExpensesGrp/TotalAmt01286000
IRS990/OtherExpensesGrp/TotalAmt1103353
IRS990/OtherExpensesGrp/TotalAmt267100
IRS990/OtherLiabilitiesGrp/BOYAmt04312390
IRS990/OtherLiabilitiesGrp/EOYAmt012920151
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02507
IRS990/OtherRevenueTotalAmt02507
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0126279
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0238387
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0957103
IRS990/OtherSalariesAndWagesGrp/TotalAmt01321769
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt072669588
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0109696530
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016188
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036870
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110095
IRS990/PayrollTaxesGrp/TotalAmt0163153
IRS990/PensionPlanContributionsGrp/FundraisingAmt06405
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013015
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt044515
IRS990/PensionPlanContributionsGrp/TotalAmt063935
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0354561
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0606791
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075880
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0102716
IRS990/PrincipalOfficerNm0KEVIN ZWICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME ON LOA
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03219826
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12099166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03219826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12099166
IRS990/ProgSrvcAccomActy2Grp/Desc0SIX-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 HOMEBUYER AND FINANCIAL LITERACY EDUCATION IN GROUP SETTINGS AS WELL AS 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 $125,000.WE HAVE MADE 2,535 DOWN PAYMENT ASSISTANCE LOANS TOTALING OVER $50 MILLION SINCE OUR FOUNDING. AS THE ADMINISTRATOR OF THE CITY OF SANTA CLARA'S BELOW MARKET PURCHASE PROGRAM, HOUSING TRUST MANAGES THE SALE OF THEIR INCLUSIONARY HOMES SOLD TO ELIGIBLE BUYERS AT A COST THAT IS DETERMINED NOT BY THE MARKET BUT RATHER BASED ON WHAT A LOW- OR MODERATE-INCOME HOUSEHOLD CAN AFFORD. IN FY19, HOUSING TRUST PROVIDED EDUCATION AND COUNSELING TO 2,733 HOPEFUL HOMEBUYERS, MADE EIGHT DOWN PAYMENT ASSISTANCE LOANS AND COMPLETED TWO BELOW MARKET PURCHASE PROGRAM HOME SALES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0481207
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0295066
IRS990/ProgSrvcAccomActy3Grp/Desc0WE HELP NEIGHBORS EXPERIENCING HOMELESSNESS MOVE OFF THE STREETS AND INTO HOMES. THIS IS A VITAL PIECE OF OUR COMPREHENSIVE MISSION, HELPING OUR COMMUNITIES' LOWEST INCOME HOUSEHOLDS ACHIEVE STABILITY. HOUSING TRUST HAS GRANT PROGRAMS THAT STRENGTHEN AND EXPAND CAPACITY OF SOCIAL SAFETY NET PROVIDERS AND PROVIDE THE FINAL KEY TO INDIVIDUALS AND FAMILIES TO PREVENT OR EXIT HOMELESSNESS. OUR SAFETY NET PROGRAM GRANTS FUNDS TO COMMUNITY-BASED NONPROFIT ORGANIZATIONS FOR IMPROVEMENTS TO SHELTERS, TRANSITIONAL HOUSING FACILITIES AND OTHER SUPPORTING FACILITIES. HOUSING TRUST PARTNERS WITH SOCIAL SERVICE AGENCIES TO MAKE SECURITY AND UTILITY DEPOSITS ASSISTANCE TO HOUSEHOLDS EXPERIENCING OR AT RISK OF HOMELESSNESS, ALLOWING FAMILIES TO MOVE INTO PERMANENT HOUSING. SINCE 2000, HOUSING TRUST HAS ALSO HELPED 7,206 PEOPLE WITH OUR HOMELESSNESS ASSISTANCE GRANTS, TOTALING $5.1 MILLION. THESE PROGRAMS REACH THOSE AT THE VERY LOW END OF THE INCOME SPECTRUM, WITH OVER 80% OF FUNDS REACHING EXTREMELY LOW-INCOME HOUSEHOLDS (THOSE EARNING 30% OR LESS OF THE AREA MEDIAN INCOME). THE LACK OF AFFORDABLE HOUSING AND HIGH COST OF RENT CAN FORCE EVEN EMPLOYED INDIVIDUALS INTO HOMELESSNESS. OUR DEPOSIT ASSISTANCE CLIENTS ARE OFTEN EMPLOYED AS RETAIL CLERKS, RESTAURANT WORKERS, HOSPITAL STAFF AND MANY OTHER PROFESSIONS OUR COMMUNITIES DEPEND UPON. IN FY19, HOUSING TRUST HELPED 357 PEOPLE AVOID OR EXIT HOMELESSNESS, GRANTING $317,635.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0764320
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0606496
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt032751
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02176657

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,578,851
Liabilities
$91,517,996
Net assets
$75,060,855
Revenue
$14,912,402
Expenses
$6,897,919
Net income
$8,014,483
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$314$130$183$56.3$13.6$42.6
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$277$136$141$16.5$9.92$6.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$245$119$126$23.0$8.72$14.3
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$241$131$109$26.0$20.0$5.96
2021Detailed filing. Detailed filing data is available for this year.$251$146$105$21.4$7.26$14.2
2020Detailed filing. Detailed filing data is available for this year.$224$134$89.8$24.5$9.60$14.9
2019Detailed filing. Detailed filing data is available for this year.$167$91.5$75.1$14.9$6.90$8.01
2018Detailed filing. Detailed filing data is available for this year.$120$53.1$67.0$13.3$4.53$8.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$100$41.4$58.7$10.9$4.47$6.40
2016Detailed filing. Detailed filing data is available for this year.$72.1$19.5$52.6$16.1$3.40$12.7
2015Detailed filing. Detailed filing data is available for this year.$52.6$12.4$40.1$8.06$3.46$4.61
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$10.5$35.5$5.87$4.30$1.57
2013Summary only. Only limited summary data is available for this year.$39.8$5.87$33.9$10.1$9.89$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$4.17$33.6$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$6.00$32.9$8.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$2.27$28.4$2.31