Civic Intelligence

Sv Home Action Fund

990 • Fiscal year 2019 • EIN 83-3065072

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

350 W Julian Street Bldg 5San Jose, CA 95110

(408) 780-8411

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.10x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

44%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$175,225

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$195,693

No earlier filing loaded for comparison.

Net Assets

$160,181

No earlier filing loaded for comparison.

Liabilities

$35,512

No earlier filing loaded for comparison.

Revenue

$362,710

No earlier filing loaded for comparison.

Expenses

$202,529

No earlier filing loaded for comparison.

Net Income

$160,181

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $195,693Liabilities 2019: $35,512Net Assets 2019: $160,1812019Assets 2020: $257,985Liabilities 2020: $17,835Net Assets 2020: $240,1502020Assets 2021: $428,081Liabilities 2021: $26,272Net Assets 2021: $401,8092021Assets 2022: $293,829Liabilities 2022: $20,379Net Assets 2022: $273,4502022Assets 2023: $224,611Liabilities 2023: $31,272Net Assets 2023: $193,3392023Assets 2024: $129,344Liabilities 2024: $20,093Net Assets 2024: $109,2512024

Highlighted filing

2019

Assets$195,693
Liabilities$35,512
Net Assets$160,181

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $362,710Expenses 2019: $202,529Net Income 2019: $160,1812019Revenue 2020: $224,159Expenses 2020: $139,190Net Income 2020: $84,9692020Revenue 2021: $400,447Expenses 2021: $238,788Net Income 2021: $161,6592021Revenue 2022: $83,415Expenses 2022: $211,774Net Income 2022: -$128,3592022Revenue 2023: $50,520Expenses 2023: $130,631Net Income 2023: -$80,1112023Revenue 2024: $1,040Expenses 2024: $85,128Net Income 2024: -$84,0882024

Highlighted filing

2019

Revenue$362,710
Expenses$202,529
Net Income$160,181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$362,710
Mission and Program Overview

Mission

Established in 2019, sv@home's action fund (svhaf) addresses the housing crisis through civic engagement, legislative advocacy, and support or opposition of ballot measures that impact affordable housing and homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$141,385▲ $141,385
Accounts Receivable$0$53,908▲ $53,908
Prepaid Expenses and Deferred Charges$0$400▲ $400
Total Assets$0$195,693▲ $195,693
Liabilities
Accounts Payable and Accrued Expenses$0$35,512▲ $35,512
Total Liabilities$0$35,512▲ $35,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$130,181▲ $130,181
Net Assets With Donor Restrictions$0$30,000▲ $30,000
Total Net Assets Fund Balance$0$160,181▲ $160,181
Total Liabilities and Net Assets / Fund Balance$0$195,693▲ $195,693
Compensation and Service Providers

Employees

NameTitleOtherTotal
Micheal LaneDeputy Director$134,800$134,800

Board Members and Trustees

NameTitle
Ron GonzalesChair
Janice JensenVice Chair
Amie FishmanDirector
Andrea OsgoodDirector
Bob BrownsteinDirector
Chris NealeDirector
Gina DalmaDirector
Jan LindenthalDirector
Janikke KlemDirector
Javier GonzalesDirector
Jennifer LovingDirector
Jennifer Van EveryDirector
Katie FerrickDirector
Kelley SniderDirector
Mary MurtaghDirector
Poncho GuevaraDirector
Shiloh BallardDirector
Nathan HoDirector (thru 8/19)
Leslye CorsigliaExecutive Director
Kathy ThibodeauxSecretary
Kevin ZwickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$362,500
Program Service Revenue
$0
Investment Income
$210
Other Revenue
$0
All Other Contributions
$317,500
Change in Net Assets
$160,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,126
Salaries, Compensation, and Employee Benefits$63,503
Total Fundraising Expense$6,569
Grants and Similar Amounts Paid$1,900
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$57,300-$57,300
Other Salaries and Wages$34,162$4,218$3,796$42,176
Advertising$22,282--$22,282
Fees for Services Lobbying$20,000--$20,000
Current Officers, Directors, Trustees, and Key Employees$11,610$1,433$1,290$14,333
Other Expenses$14,174--$14,174
Office Expenses$7,845$370$208$8,423
Fees for Services Accounting-$7,276-$7,276
Travel$3,370$354$319$4,043
Payroll Taxes$2,843$351$316$3,510
Other Employee Benefits$2,822$348$314$3,484
Occupancy$1,902$235$211$2,348
Grants to Domestic Orgs$1,900--$1,900
Information Technology$727$90$81$898
Insurance$310$38$34$382
Total Functional Expenses$123,947$72,013$6,569$202,529
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 treasurer receives and reviews the 990 prior to filing and then the 990 is emailed to the board of directors.

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

Employees and officers of sv@home action fund follow its related organization sv@home's conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The organization doesn't have or compensate any employees. All staff are hired and employed by its related organization sv@home.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy available to public upon request.

Filing and Contact Details

Filer

Filer Name
Svhome Action Fund
EIN
83-3065072
Phone
4087808411
Address
350 W JULIAN STREET BLDG 5, SAN JOSE, CA 95110

Signing Officer

Name
Leslye Corsiglia
Title
Executive Director
Phone
4087808411
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslye Corsiglia
Formed
2019
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
20

Preparer

Firm
Armanino Llp
Address
50 W SAN FERNANDO ST STE 500, SAN JOSE, CA 95113
Preparer
Matthew Petroski
Phone
4082006400
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IRS990/ActivityOrMissionDesc0ESTABLISHED IN 2019, SV@HOME'S ACTION FUND (SVHAF) ADDRESSES THE HOUSING CRISIS THROUGH CIVIC ENGAGEMENT, LEGISLATIVE ADVOCACY, AND SUPPORT OR OPPOSITION OF BALLOT MEASURES THAT IMPACT AFFORDABLE HOUSING AND HOMELESSNESS.
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IRS990/Desc0CIVIC ENGAGEMENT - IN PARTNERSHIP WITH TECH EQUITY COLLABORATIVE, SILICON VALLEY COUNCIL OF NONPROFITS, AND CA YIMBY, THE ACTION FUND HOSTED A NONPARTISAN CANDIDATE FORUM SERIES LEADING UP TO THE MARCH 3, 2020 PRESIDENTIAL PRIMARY. THE SERIES FEATURED CANDIDATES FOR SAN JOSE CITY COUNCIL DISTRICTS 4 AND 6, SANTA CLARA COUNTY BOARD OF SUPERVISORS DISTRICT 3, AND CA SENATE DISTRICTS 13 AND 15 AS WELL AS ASSEMBLY DISTRICT 25. IN PARTNERSHIP WITH THE SANTA CLARA COUNTY REGISTRAR OF VOTERS, THE ACTION FUND CONDUCTED OUTREACH AND EDUCATION ON THE VOTER'S CHOICE ACT (VCA) PROVIDING VOTERS WITH MORE OPTIONS ON HOW TO VOTE.LEGISLATIVE ADVOCACY - SINCE ITS INCEPTION, SV@HOME HAS CHAMPIONED STATE LEGISLATION AUTHORED BY BAY AREA CAUCUS MEMBERS THAT SEEK TO IMPROVE AND EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING. SV@HOME'S LEGISLATIVE ADVOCACY AGENDA RANGES FROM PARTICIPATING IN LOBBYING DAYS OF ACTION WITH PARTNERS, CONVENING ROUNDTABLE DISCUSSIONS WITH LOCAL AND STATE ELECTED AND CIVIC LEADERS AS WELL AS ENGAGING IN REGIONAL PRO-HOUSING COALITIONS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR (THRU 8/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DEPUTY DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt045000
IRS990/GrantAmt01900
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01900
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01900
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0362710
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt081
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt090
IRS990/InformationTechnologyGrp/ProgramServicesAmt0727
IRS990/InformationTechnologyGrp/TotalAmt0898
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/FundraisingAmt034
IRS990/InsuranceGrp/ManagementAndGeneralAmt038
IRS990/InsuranceGrp/ProgramServicesAmt0310
IRS990/InsuranceGrp/TotalAmt0382
IRS990/InvestmentIncomeGrp/ExclusionAmt0210
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0210
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ESTABLISHED IN 2019, SV@HOME'S ACTION FUND (SVHAF) ADDRESSES THE HOUSING CRISIS THROUGH CIVIC ENGAGEMENT, LEGISLATIVE ADVOCACY, AND SUPPORT OR OPPOSITION OF BALLOT MEASURES THAT IMPACT AFFORDABLE HOUSING AND HOMELESSNESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0160181
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0130181
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/FundraisingAmt0211
IRS990/OccupancyGrp/ManagementAndGeneralAmt0235
IRS990/OccupancyGrp/ProgramServicesAmt01902
IRS990/OccupancyGrp/TotalAmt02348
IRS990/OfficeExpensesGrp/FundraisingAmt0208
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0370
IRS990/OfficeExpensesGrp/ProgramServicesAmt07845
IRS990/OfficeExpensesGrp/TotalAmt08423
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0314
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0348
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02822
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03484
IRS990/OtherExpensesGrp/Desc0PROGRAM EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt014174
IRS990/OtherExpensesGrp/TotalAmt014174
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03796
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04218
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034162
IRS990/OtherSalariesAndWagesGrp/TotalAmt042176
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0316
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0351
IRS990/PayrollTaxesGrp/ProgramServicesAmt02843
IRS990/PayrollTaxesGrp/TotalAmt03510
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0400
IRS990/PrincipalOfficerNm0LESLYE CORSIGLIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0160181
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0167208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05336
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt02681
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LESLYE CORSIGLIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0175225
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SV@HOME ACTION FUND DOES NOT COMPENSATE ANY EMPLOYEES OR OFFICERS. ALL EMPLOYEES AND OFFICERS OF SV@HOME ACTION FUND ARE COMPENSATED BY ITS RELATED ORGANIZATION SV@HOME. THE BOARD OF DIRECTORS OF SV@HOME IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE EVALUATION OF THE EXECUTIVE DIRECTOR AND MAKES RECOMMENDATIONS TO THE FULL BOARD DURING THE CLOSED SESSION OF ITS DECEMBER MEETING. THE LAST TIME THIS PROCESS WAS UNDERTAKEN WAS IN 2020.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3

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