Provides housing assistance, street outreach, and medical care to people experiencing homelessness while advocating for long-term solutions to end homelessness.
Provides housing assistance, street outreach, and medical care to people experiencing homelessness while advocating for long-term solutions to end homelessness.
For fiscal year 2025 it reported $158.4M in revenue, $150.4M in expenses, and $34.8M in net assets.Pt I
Where the money goes · FY2025
Total revenue
$158.4M
Pt VIII · Ln 12
Total expenses
$150.4M
Pt IX · Ln 25
Net assets
$34.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8.0M
Where spending went · Part IX cols B–D
90%
Program services $0.90 Management & general $0.10 Fundraising $0.01
Program efficiency
90%
of spending reaches programs0% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▲ +43% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +243% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$158.4M
FY2025▲ +17%
$158.4M$79.2M$0
FY2020FY2025
Expenses
$150.4M
FY2025▲ +12%
$150.4M$75.2M$0
FY2020FY2025
Total assets
$74.1M
FY2025▲ +11%
$74.1M$37.1M$0
FY2020FY2025
Total liabilities
$39.3M
FY2025▼ -1%
$39.8M$19.9M$0
FY2020FY2025
Total revenue
$158.4M
Pt VIII · Ln 12
Total expenses
$150.4M
Pt IX · Ln 25
Net assets
$34.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8.0M
Total assetsPt X · Ln 16$74.1M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III
Where the work happens
3 program services account for $132.2M of program spending, described in the organization's own filed words · FY2024.
01
Scattered site housing unitsin addition to placing homeless families into affordable housing units owned by the organization, the organization also places homeless people into market rate apartment units made affordable through rental subsidies.
$98.2Mprogram expense
02
Supportive housing projectsthe organization places people experiencing homelessness into supportive housing units to help prevent and end homelessness in alameda, santa clara, santa cruz, san mateo, napa, solano, sonoma, and san francisco counties by providing affordable rental housing linked to supportive services such as, but not…
$30.8Mprogram expense
03
Outreach programsstreet outreach teams provide outreach, engagement, and service linkages to participants throughout alameda, napa, solano and santa clara counties. The organization also operates additional street health team services, conducting clinical outreach, providing medical CARE/SERVICES to individuals living on the street and…
Vivian Wan’s $323K as Chief Executive Officer
is at the 50th percentile of top reported officer pay among 34 $100M+ 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
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.
Individual Vivian Wan · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $323K · Total expenses $150.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $56.3M · Total expenses $150.4M
37%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $51K · Gross raised $773K
7%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
90%
—
—
Overhead ratio
10%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
17%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Fundraising fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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