To create a vibrant, inclusive community on Treasure Island that provides pathways for economic advancement for lower-income san franciscans, including those who have experienced homelessness. We achieve this through affordable housing, jobs, community building, and advocacy.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 152 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $368K a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$406K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
17 mo
of spending, in cash
Looks good: 16.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $37K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$131K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
-6% vs prior year
Spent
$2.9M
To programs
82%
Net assets
$9.7M
By yearFY2020–FY2025
Revenue
$3.5M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.9M
FY2021$3.5M
FY2022$2.9M
FY2023$3.3M
FY2024$3.7M
FY2025$3.5M
Expenses
$2.9M
FY2025▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.2M
FY2023$3.3M
FY2024$3.1M
FY2025$2.9M
Net assets
$9.7M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.8M
FY2021$8.0M
FY2022$7.2M
FY2023$7.7M
FY2024$8.6M
FY2025$9.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.4M Management & general 13% · $377K Fundraising 5% · $132K

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

16 people listed on the 990; $406K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$151,690Pt VII · Sec A
Executive Dir.
$147,965Pt VII · Sec A
Deputy Director
$106,824Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sherry Williams’s $152K as Executive Dir. is at the 74th percentile of top reported officer pay among 3869 $1–10M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sherry Williams$151,690$141,788$136,676$134,685$132,695$128,830
Marinella Goncalves$147,965—————
Vinicio Castro$106,824—————

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 One Treasure Island 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 housing and jobs to advance lower-income San Franciscans and those experiencing homelessness.

Questions for One Treasure Island

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Your first name shows with your question. One Treasure Island answers here, for everyone.

Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2024
01

Community Services

One ti services include operating the weekly food pantry and managing and operating the ship shape community center. It also includes support for the operations of the island childcare center.

$1.4Mprogram expense
02

Employment/Pre-Apprenticeship Program

One tis employment program pays for a pre-apprenticeship program. It provides training for economically disadvantaged san franciscans and leads to osha 10 and other certifications. Graduates of the program are also offered union membership in various trades.

$812Kprogram expense
03

Ti Development Program Planning

One ti is an integral part of the long term development of the island. As such, one ti needs to plan for the replacement and increase of its housing units for formerly homeless san franciscans.

$182Kprogram 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 · FY2024
Total grants receivedfrom 4 funders$37K
See all 4 funders →
Grants paid · 3 grants · $78K · 2019–2021

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$222K
Fees for servicesLn 2g$100K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.4M
Managementcol C$377K
Fundraisingcol D$132K
Owns and owesPt X
$9.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$9.8M
LiabilitiesLn 26$131K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$652K
Fundraising eventsLn 1c$305K
Fees for servicesLn 2g$100K
Investment incomeLn 3$222K
Gains on assetsLn 7$10K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$189K
Other assetsLn 15$9K
Total assetsLn 16$9.8M
LiabilitiesLn 26$131K
Net assetsLn 32$9.7M
OperationsPt I, VI
EmployeesI 511
VolunteersI 6152
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$3.8M$4.0M
InvestmentsLn 11–13$4.6M$5.0M
Land, buildings, equipmentLn 10c$164K$189K
Total assetsLn 16$9.2M$9.8M
LiabilitiesLn 26$534K$131K
Net assetsLn 32$8.6M$9.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$328K$220K$70K$38K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$598K$441K$84K$73K
Pension plan contributionsLn 8$53K$39K$7K$6K
Other employee benefitsLn 9$51K$37K$7K$6K
Payroll taxesLn 10$73K$52K$12K$9K
Management feesLn 11a$0
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$42K$42K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$232K$201K$31K
Advertising and promotionLn 12$33K$7K$26K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$102K$98K$4K
TravelLn 17$21K$4K$17K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$26K$25K$326
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$223K$182K$41K
Total functional expensesLn 25$2.9M$2.4M$377K$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.5M$2.9M$628K$9.7M 990 PDF
FY2024 $3.7M$3.1M$599K$8.6M 990 PDF
FY2023 $3.3M$3.3M$32K$7.7M 990 PDF
FY2022 $2.9M$3.2M−$322K$7.2M 990 PDF
FY2021 $3.5M$3.2M$340K$8.0M 990 PDF
FY2020 $3.9M$3.0M$935K$7.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,532,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,168,839$3,273,647
I-9 Program service revenuePrior year $137,897$100,000
I-10 Investment incomePrior year $496,448$221,934
I-11 Other revenuePrior year −$55,195−$63,398
I-12 Total revenuePrior year $3,747,989$3,532,183
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,088,611$1,102,371
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,059,186$1,801,914
I-18 Total expensesPrior year $3,148,797$2,904,285
I-19 Revenue less expensesPrior year $599,192$627,898
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $3,532,183 across 13 lines filed
VIII-1c Fundraising events$305,326
VIII-1e Government grants$1,447,277
VIII-1f All other contributions, gifts and grants$1,521,044
VIII-1g Noncash contributions (included above)$651,613
VIII-1h Total contributions, gifts and grants$3,273,647
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,000$100,000
VIII-3 Investment incomeExcluded from tax $212,055$212,055
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,879$9,879
VIII-8 Net income from fundraising eventsExcluded from tax −$67,679−$67,679
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,281$4,281
VIII-12 Total revenueRelated to mission $114,160 · Excluded from tax $144,376$3,532,183
Part IX · Statement of functional expenses $2,904,285 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $219,611 · Management $70,465 · Fundraising $37,689$327,765
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $440,718 · Management $84,409 · Fundraising $73,037$598,164
IX-8 Pension plan contributionsPrograms $38,949 · Management $7,460 · Fundraising $6,455$52,864
IX-9 Other employee benefitsPrograms $37,433 · Management $7,169 · Fundraising $6,204$50,806
IX-10 Payroll taxesPrograms $51,868 · Management $12,290 · Fundraising $8,614$72,772
IX-11a Management fees$0
IX-11b Legal feesManagement $9,238$9,238
IX-11c Accounting feesManagement $41,792$41,792
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $11,550$11,550
IX-11g Other fees for servicesPrograms $201,385 · Management $30,594$231,979
IX-12 Advertising and promotionPrograms $6,829 · Management $26,003$32,832
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $98,091 · Management $4,250$102,341
IX-17 TravelPrograms $4,239 · Management $17,238$21,477
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $25,322 · Management $326$25,648
IX-23 InsuranceManagement $12,465$12,465
IX-24 Other expenses (24a–d)Programs $1,089,226$1,089,226
IX-24e All other expensesPrograms $181,936 · Management $41,430$223,366
IX-25 Total functional expensesPrograms $2,395,607 · Management $376,679 · Fundraising $131,999$2,904,285
Part X · Balance sheet $9,794,182 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $5,614$9,744
X-2 Savings and temporary cash investmentsStart of year $3,830,107$4,037,302
X-3 Pledges and grants receivableStart of year $484,568$484,433
X-4 Accounts receivableStart of year $86,864$20,375
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,673$2,242
X-10c Land, buildings and equipment, netStart of year $163,690$189,115
X-11 Publicly traded securitiesStart of year $4,591,979$5,042,048
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $11,784$8,923
X-16 Total assetsStart of year $9,178,279$9,794,182
X-17 Accounts payable and accrued expensesStart of year $372,441$70,395
X-19 Deferred revenueStart of year $88,378$2,000
X-25 Other liabilitiesStart of year $73,533$58,402
X-26 Total liabilitiesStart of year $534,352$130,797
X-27 Net assets without donor restrictionsStart of year $8,547,201$9,159,057
X-28 Net assets with donor restrictionsStart of year $96,726$504,328
X-32 Total net assets or fund balancesStart of year $8,643,927$9,663,385
X-33 Total liabilities and net assetsStart of year $9,178,279$9,794,182
Part XI · Reconciliation of net assets $9,663,385 net assets at year end
XI-1 Total revenue$3,532,183
XI-2 Total expenses$2,904,285
XI-3 Revenue less expenses$627,898
XI-4 Net assets at start of year$8,643,927
XI-5 Net unrealized gains (losses) on investments$417,375
XI-9 Other changes in net assets−$25,815
XI-10 Net assets at end of year$9,663,385

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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