First Community Housing
- Assets
- $58.3m
- Revenue
- $734.4k
- Investments
- $0.0
- Employees
- 31
- Location
- San Jose, CA
- Founding
- 10/1986
- Data as of
- 12/2021
- EIN
- 77-0119210
Organization Overview
First Community Housing is located in San Jose, CA. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, First Community Housing employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Community Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, First Community Housing generated $734.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Community Housing has awarded 36 individual grants totaling $912,783. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HIGH QUALITY, SUSTAINABLE, AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1986 FIRST COMMUNITY HOUSING (FCH) HAS DEVELOPED OVER 1,466 UNITS OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING FOR HOUSEHOLDS EARNING 20-80% OF THE AREA MEDIAN INCOME FOR SILICON VALLEY. FCH IS A GREEN DEVELOPER NOTED FOR ITS COMMITMENT TO USING SUSTAINABLE, ENERGY-EFFICIENT MATERIALS AND SYSTEMS IN ITS DEVELOPMENTS AND HAS WON AWARDS FOR ARCHITECTURAL DESIGN, PROPERTY MANAGEMENT, AND ENERGY-EFFICIENCY.OVER 3,000 PEOPLE WERE SERVED DURING THE YEAR.
IN PARTNERSHIP WITH THE PRIVATELY CONTRACTED COMPREHENSIVE HOUSING MANAGEMENT SERVICES AT EACH PROPERTY, FCH PROVIDES ENHANCED, ON-SITE RESIDENT SERVICES. THESE SERVICES ARE CUSTOMIZED TO THE NEEDS OF RESIDENTS THROUGH PARTNERSHIPS WITH SERVICE-BASED NON-PROFIT ORGANIZATIONS. THE PROGRAMS INCLUDE: FINANCIAL LITERACY, COMPUTER TRAINING CLASSES, YOUTH LITERACY, ENGLISH AS A SECOND LANGUAGE COURSES, AND MORE. FCH HAS TWICE BEEN HONORED WITH THE MET-LIFE / ENTERPRISE FOUNDATION AWARD "EXCELLENCE IN AFFORDABLE HOUSING: FOR PROPERTY AND ASSET MANAGEMENT".OVER 3,000 PEOPLE WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey Morgan President/ceo Of Fch | Officer | 40 | $333,606 |
David Munson Director Of Finance | Officer | 40 | $184,386 |
Michael P Santero Director Of Asset Mgt | Officer | 40 | $181,201 |
Regina Celestin Williams Director Of Development | 40 | $161,979 | |
Ava Kuo Senior Project Manager | 40 | $159,021 | |
Bianey Martinez Senior Asset Manager | 40 | $136,421 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armanino Llp Accounting And Tax Services | 12/30/21 | $126,682 |
Goldfarb & Lipman Llp Legal Service | 12/30/21 | $235,515 |
Renu Madan Project Management Services | 12/30/21 | $105,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,490,148 |
| Government grants | $359,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,269,247 |
| Total Program Service Revenue | -$2,618,759 |
| Investment income | $75,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $734,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $158,269 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $845,377 |
| Compensation of current officers, directors, key employees. | $611,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,777,209 |
| Pension plan accruals and contributions | $40,104 |
| Other employee benefits | $341,366 |
| Payroll taxes | $193,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,474 |
| Fees for services: Accounting | $122,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $308,215 |
| Advertising and promotion | $11,645 |
| Office expenses | $97,654 |
| Information technology | $79,974 |
| Royalties | $0 |
| Occupancy | $264,254 |
| Travel | $28,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,084 |
| Interest | $170,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,956 |
| Insurance | $1,849 |
| All other expenses | $0 |
| Total functional expenses | $4,893,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,423,476 |
| Savings and temporary cash investments | $229,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,427,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $214,639 |
| Net Land, buildings, and equipment | $912,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$17,439,401 |
| Intangible assets | $0 |
| Other assets | $57,391,146 |
| Total assets | $58,290,308 |
| Accounts payable and accrued expenses | $1,757,932 |
| Grants payable | $100,000 |
| Deferred revenue | $887,351 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $47,286,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,020,531 |
| Total liabilities | $54,052,224 |
| Net assets without donor restrictions | $3,874,428 |
| Net assets with donor restrictions | $363,656 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,290,308 |
Grants Awarded
Over the last fiscal year, First Community Housing has awarded $149,019 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
San Rafael, CA PURPOSE: SUPPORT THE LOW-INCOME HOUSING OPERATIONS | $100,000 |
CURTNER STUDIOS LP PURPOSE: SUPPORT THE LOW-INCOME HOUSING OPERATIONS | $24,759 |
San Francisco, CA PURPOSE: SUPPORT FOR THE MISSION | $9,500 |
LEIGH AVENUE APARTMENTS LP PURPOSE: HELP HOMELESS RESIDENCE | $7,380 |
NORTH SAN PEDRO APARTMENTS LP PURPOSE: HELP HOMELESS RESIDENCE | $7,380 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that First Community Housing has recieved totaling $172,610.
| Awarding Organization | Amount |
|---|---|
Destination Home Sv Mountain View, CA PURPOSE: Housing and Transportation | $106,000 |
Sovereign Order Of St John Of Jerusalem Knights Hospitaller Prio San Jose, CA PURPOSE: CHARITY FOR THE SICK AND NEEDY | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,528 |
Brezzo Family Foundation San Rafael, CA PURPOSE: TO SUPPORT CHARITABLE ACTIVITY | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |