Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
22 people listed on the 990; $1.5M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Geoffrey Morgan | — | $224,214 | $308,570 | $333,606 | $260,060 |
| Michael P Santero | $314,706 | $202,254 | $186,000 | $181,201 | $169,429 |
| Bianey Martinez | $221,399 | $188,868 | $136,857 | $136,421 | $119,501 |
| David Munson | $42,122 | $191,526 | $181,043 | $184,386 | $175,070 |
| Vianey Nava | — | — | $179,978 | — | — |
| Renu Madan | — | $172,747 | — | — | — |
| Regina Celestin Williams | — | — | — | $161,979 | $156,204 |
| Araseli Adams | $159,862 | $121,088 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and operates high-quality, sustainable, and energy-efficient affordable rental housing for low- to moderate-income households in the Silicon Valley region.
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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.
In partnership with the privately contracted comprehensive housing over 3,000 people were served during the year. Management services at each property, FCH provides enhanced, on-site resident services. These services are ustomized to the needs of residents through partnerships with service-based non-profit organizations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.6M | $2.2M |
| InvestmentsLn 11–13 | −$40.6M | −$27.6M |
| Land, buildings, equipmentLn 10c | $896K | $857K |
| Total assetsLn 16 | $40.3M | $51.8M |
| LiabilitiesLn 26 | $63.4M | $61.1M |
| Net assetsLn 32 | −$23.2M | −$9.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $964K | $223K | $740K | |
| Other salaries and wagesLn 7 | $1.2M | $845K | $328K | |
| Pension plan contributionsLn 8 | $40K | $28K | $12K | |
| Other employee benefitsLn 9 | $243K | $224K | $19K | |
| Payroll taxesLn 10 | $158K | $95K | $63K | |
| Legal feesLn 11b | $127K | $127K | ||
| Accounting feesLn 11c | $190K | $190K | ||
| Other fees for servicesLn 11g | $378K | $143K | $235K | |
| Office expensesLn 13 | $39K | $16K | $23K | |
| Information technologyLn 14 | $135K | $88K | $46K | |
| OccupancyLn 16 | $355K | $190K | $164K | |
| TravelLn 17 | $18K | $16K | $2K | |
| Conferences, conventions and meetingsLn 19 | $49K | $17K | $32K | |
| InterestLn 20 | $400K | $5K | $395K | |
| Depreciation, depletion and amortizationLn 22 | $39K | $39K | ||
| InsuranceLn 23 | −$53K | −$53K | ||
| Other expenses (24a–d)Ln 24 | $6.3M | $4.2M | $2.1M | |
| All other expensesLn 24e | $29K | $29K | ||
| Total functional expensesLn 25 | $10.6M | $6.1M | $4.5M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | −$994K | $13.0M | −$14.0M | −$23.2M | 990 PDF |
| FY2023 Viewing | $23.1M | $10.6M | $12.4M | −$9.2M | 990 PDF |
| FY2022 | $3.3M | $30.7M | −$27.4M | −$23.2M | 990 PDF |
| FY2021 | $734K | $4.9M | −$4.2M | $4.2M | 990 PDF |
| FY2020 | $1.4M | $4.1M | −$2.7M | $8.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $23,061,178 across 6 lines filed
Part IX · Statement of functional expenses $10,631,115 across 18 lines filed
Part X · Balance sheet $51,842,706 assets, 16 lines filed
Part XI · Reconciliation of net assets −$9,242,698 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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