Driving the creation of affordable housing for a more vibrant and equitable silicon valley

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 18 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $54K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$715K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+18% vs prior year
Spent
$2.0M
To programs
66%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$1.6M
FY2022$1.1M
FY2023$1.6M
FY2024$1.8M
Expenses
$2.0M
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.6M
FY2023$1.7M
FY2024$2.0M
Net assets
$1.5M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$1.7M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.3M Management & general 24% · $492K Fundraising 10% · $205K

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

21 people listed on the 990; $715K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$207,794Pt VII · Sec A
Deputy Director
$152,933Pt VII · Sec A
Director of Policy
$137,287Pt VII · Sec A
Director of Operations
$115,963Pt VII · Sec A
Policy Manager
$100,769Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Regina Celestin Williams’s $208K as Executive Director is at the 88th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Regina Celestin Williams$207,794$199,349$199,250$31,923—
Leslye Corsiglia———$142,026$195,451
Josh Ishimatsu$152,933————
Matthew Reed$137,287————
Sonia Avitia———$127,246$103,241
Mathew Reed—$121,887$106,319$113,883$100,214
Antonia Gutierrez$115,963$109,175———
David Meyer———$113,250$108,347

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.

See Sv Home executive salaries →

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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

Builds affordable homes to create a more vibrant and equitable Silicon Valley.

Questions for Sv Home

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Your first name shows with your question. Sv Home answers here, for everyone.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

Sv@home paves the way for local and regional solutions to santa clara county's housing crisis by working to streamline the housing development process, identify land opportunities, increase funding for new affordable homes, and change the conversation around housing and affordable housing.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $60K · 2021–2022
Palo Alto ForwardCA · FY2022$30,000
Palo Alto ForwardCA · FY2021$29,922

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$29K
Investment incomeLn 3$26K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.3M
Managementcol C$492K
Fundraisingcol D$205K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.5M
LiabilitiesLn 26$72K
PeoplePt VI, VII
21
listed · VII A
PaidVII A5
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$303K
Fees for servicesLn 2g$19K
Investment incomeLn 3$26K
Other incomeLn 4–11$29K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$496K
SavingsLn 2$715K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$1.5M
LiabilitiesLn 26$72K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 514
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$1.2M
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$1.7M$1.5M
LiabilitiesLn 26$118K$72K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Pay of current officers, directors and key staffLn 5$232K$139K$50K$43K
Other salaries and wagesLn 7$1.2M$901K$158K$120K
Other employee benefitsLn 9$151K$105K$32K$14K
Payroll taxesLn 10$116K$87K$17K$12K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$119K$54K$52K$13K
Advertising and promotionLn 12$1K$194$608$467
Office expensesLn 13$14K$1K$13K
Information technologyLn 14$370$370
OccupancyLn 16$56K$56K
TravelLn 17$18K$15K$3K
Conferences, conventions and meetingsLn 19$28K$27K$985
InterestLn 20$154$154
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$52K$5K$45K$2K
Total functional expensesLn 25$2.0M$1.3M$492K$205K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$2.0M−$186K$1.5M 990 PDF
FY2023 $1.6M$1.7M−$120K$1.6M 990 PDF
FY2022 $1.1M$1.6M−$531K$1.7M 990 PDF
FY2021 $1.6M$1.5M$108K$2.3M 990 PDF
FY2020 $2.3M$1.3M$997K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,848,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,507,954$1,775,154
I-9 Program service revenue$18,750
I-10 Investment incomePrior year $17,344$25,641
I-11 Other revenuePrior year $40,787$28,921
I-12 Total revenuePrior year $1,566,085$1,848,466
I-13 Grants and similar amounts paidPrior year $500$3,116
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,340,369$1,678,808
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $345,173$352,262
I-18 Total expensesPrior year $1,686,042$2,034,186
I-19 Revenue less expensesPrior year −$119,957−$185,720
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,848,466 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$95,788
VIII-1c Fundraising events$303,000
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,376,366
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,775,154
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,750 · Unrelated business $0 · Excluded from tax $0$18,750
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $25,641$25,641
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$38,310−$38,310
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67,231 · Unrelated business $0 · Excluded from tax $0$67,231
VIII-12 Total revenueRelated to mission $85,981 · Unrelated business $0 · Excluded from tax −$12,669$1,848,466
Part IX · Statement of functional expenses $2,034,186 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $3,116$3,116
IX-5 Pay of current officers, directors and key staffPrograms $139,222 · Management $49,871 · Fundraising $43,213$232,306
IX-7 Other salaries and wagesPrograms $901,407 · Management $158,255 · Fundraising $120,049$1,179,711
IX-9 Other employee benefitsPrograms $104,751 · Management $32,364 · Fundraising $14,136$151,251
IX-10 Payroll taxesPrograms $86,655 · Management $17,331 · Fundraising $11,554$115,540
IX-11c Accounting feesManagement $49,659$49,659
IX-11g Other fees for servicesPrograms $53,612 · Management $52,383 · Fundraising $13,117$119,112
IX-12 Advertising and promotionPrograms $194 · Management $608 · Fundraising $467$1,269
IX-13 Office expensesPrograms $1,077 · Management $12,928$14,005
IX-14 Information technologyManagement $370$370
IX-16 OccupancyManagement $55,957$55,957
IX-17 TravelPrograms $14,516 · Management $3,192$17,708
IX-19 Conferences, conventions and meetingsPrograms $27,319 · Management $985$28,304
IX-20 InterestManagement $154$154
IX-22 Depreciation, depletion and amortizationManagement $1,255$1,255
IX-23 InsuranceManagement $11,991$11,991
IX-24 Other expenses (24a–d)Programs $5,408 · Management $44,819 · Fundraising $2,251$52,478
IX-25 Total functional expensesPrograms $1,337,277 · Management $492,122 · Fundraising $204,787$2,034,186
Part X · Balance sheet $1,529,323 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $125,731$496,066
X-2 Savings and temporary cash investmentsStart of year $1,417,496$714,972
X-3 Pledges and grants receivableStart of year $176,884$302,599
X-9 Prepaid expenses and deferred chargesStart of year $10,635$11,699
X-10c Land, buildings and equipment, netStart of year $5,242$3,987
X-16 Total assetsStart of year $1,735,988$1,529,323
X-17 Accounts payable and accrued expensesStart of year $117,572$69,314
X-19 Deferred revenue$2,805
X-26 Total liabilitiesStart of year $117,572$72,119
X-27 Net assets without donor restrictionsStart of year $1,315,916$947,204
X-28 Net assets with donor restrictionsStart of year $302,500$510,000
X-32 Total net assets or fund balancesStart of year $1,618,416$1,457,204
X-33 Total liabilities and net assetsStart of year $1,735,988$1,529,323
Part XI · Reconciliation of net assets $1,457,204 net assets at year end
XI-1 Total revenue$1,848,466
XI-2 Total expenses$2,034,186
XI-3 Revenue less expenses−$185,720
XI-4 Net assets at start of year$1,618,416
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$24,508
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,457,204

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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