2018-04-23T12:27:18-05:00 2017-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2016-07-01 770545135 HOUSING TRUST SILICON VALLEY HOUS 4084363450 95 S MARKET ST NO 610 SAN JOSE CA 95113 KEVIN ZWICK CEO 4084363450 2018-04-20 1 ALEXIS H WONG P00604756 4159579999 208.185.144.202 2018-04-23 10:27:07 PD P 6CB7EBB3AEA98B6F4E21E828A360FC07F440F679 E39559B10FBD7E0F0C8332019CEC93402DFB0C32 2016 2021-01-29 14:40:06Z KEVIN ZWICK 95 S MARKET ST NO 610 SAN JOSE CA 95113 12943276 0 X WWW.HOUSINGTRUSTSV.ORG X 2000 CA HOUSING TRUST IS LEADING THE EFFORT TO CREATE A STRONG AFFORDABLE HOUSING MARKET IN THE GREATER BAY AREA. WE ASSIST A WIDE RANGE OF RESIDENTS FROM THOSE EXPERIENCING HOMELESSNESS TO RENTERS TO FIRST-TIME HOMEBUYERS. HOUSING TRUST ACCOMPLISHES THIS THROUGH LENDING TO DEVELOPERS WHO ARE CREATING AND PRESERVING AFFORDABLE RENTAL HOUSING AND VIA DOWN PAYMENT ASSISTANCE TO FIRST TIME HOMEBUYERS AS WELL AS GRANTS TO OTHER INDIVIDUALS AND ORGANIZATIONS. 18 11 24 18 0 0 14414477 8137030 723689 1171193 832125 1321038 171698 238033 16141989 10867294 654681 1423236 0 0 1966862 2061192 0 0 258937 775673 981390 3397216 4465818 12744773 6401476 72137211 100173849 19521639 41437914 52615572 58735935 X THE MISSION OF HOUSING TRUST SILICON VALLEY IS TO MAKE BAY AREA A MORE AFFORDABLE PLACE TO LIVE. WE MAKE LOANS AND GRANTS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING, ASSIST FIRST-TIME HOMEBUYERS, PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS. 0 1 1000320 6100 736350 AFFORDABLE MULTI-FAMILY RENTAL PROGRAM - THE PROGRAM IS DESIGNED TO HELP CREATE AFFORDABLE MULTI-FAMILY RENTAL HOUSING UNITS IN COMMUNITIES THROUGHOUT THE 13-COUNTY GREATER BAY AREA THROUGH GRANTS AND LOANS TO QUALIFIED DEVELOPERS OF AFFORDABLE MULTI-FAMILY RENTAL HOUSING. 887786 825276 15419 OUR SAFETY NET AND HOMELESS PREVENTION PROGRAMS - LOANS & GRANTS TO REHABILATE AND PRESERVE FACILITIES THAT SERVE THE HOMELESS AND TO INDIVIDUALS EMERGING FROM HOMELESSNESS. 263954 214155 HOUSING TRUST PROVIDES OUT SOURCED ADMINISTRATION, ADVISORY AND LOAN ADMINISTRATION SERVICES TO CITIES AND COUNTIES ON A FEE FOR SERVICE BASIS. 1356987 591860 205269 NEIGHBORHOOD STABILIZATION AND FORECLOSURE MITIGATION PROGRAMS - HOUSING TRUST WAS AWARDED $25,000,000 IN NSP 2 GRANT FUNDS FROM HUD IN 2010. LEADING THE SAN JOSE CONSORTIUM, HOUSING TRUST GRANTED FUNDS TO SUB-RECIPIENT, CITY OF SAN JOSE, FOR THE ACQUISITION AND REHABILITATION OF FORECLOSED AND ABANDONED HOMES FOR RESALE TO LOW AND MODERATE INCOME HOUSEHOLDS. IN ADDITION HOUSING TRUST PROVIDED INFORMATION AND REFERRAL SERVICES TO ASSIST FAMILIES IMPACTED BY FORECLOSURE NAVIGATE THROUGH THE FORECLOSURE PROCESS. SERVICES PROVIDED INCLUDE PREVENTION, INTERVENTION AND FAMILY RE-STABILIZATION.ADVOCACY AND POLICY - HOUSING TRUST WORKED ON THE SUCESSFUL CAMPAIGN TO PASS MEASURE A FOR AFFORDABLE HOUSING IN SANTA CLARA COUNTY IN NOVEMBER 2016. THE SUCCESS OF THIS MEASURE WILL LEAD TO CREATION OF SIGNIFICANT HOUSING FOR EXTREMELY LOW INCOME AND HOMELESS POPULATIONS IN THE COMING YEARS. HOMEBUYER PROGRAMS-HOUSING TRUST OFFERS DOWN PAYMENT ASSISTANCE LOANS TO FIRST-TIME HOMEBUYERS, AND EDUCATION AND COUNSELING TO HOPEFUL HOMEBUYERS. HOUSING TRUST CURRENTLY OFFERS A GAP ASSISTANCE PROGRAM TO HELP QUALIFIED HOMEBUYERS IN SILICON VALLEY WITH A DEFERRED SECOND MORTGAGE THAT COULD SERVE AS A DOWN PAYMENT. HOUSING TRUST ALSO ADMINISTERS THE CITY OF SANTA CLARA'S BELOW MARKET PROGRAM, FACILITATING THE SALE OF BELOW MARKET OWNERSHIP TO QUALIFIED BUYERS. 1356987 591860 205269 3509047 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 1 32 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 18 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X THE ORGANIZATION 4084363450 95 S MARKET STREET STE 610 SAN JOSE CA 95113 AMANDA MONTEZ DIRECTOR 1.00 0.00 X 0 0 0 ART FATUM TREASURER 1.00 0.00 X X 0 0 0 CANDICE GONZALEZ CHAIR 1.00 0.00 X X 0 0 0 GEORGE BROWN VICE CHAIR 1.00 0.00 X X 0 0 0 HILDA RAMIREZ DIRECTOR 1.00 0.00 X 0 0 0 HON ASH KALRA DIRECTOR 1.00 0.00 X 0 0 0 HON STEVE TATE DIRECTOR 1.00 0.00 X 0 0 0 JOHN BARTON DIRECTOR 1.00 0.00 X 0 0 0 JOHN PAUL BRUNO DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN KING SECRETARY 1.00 0.00 X X 0 0 0 LORENA MENDEZ-QUEZADA DIRECTOR 1.00 0.00 X 0 0 0 MARY CHANDLER VICE CHAIR 1.00 0.00 X X 0 0 0 RACHEL COLTON DIRECTOR 1.00 0.00 X 0 0 0 SHILOH BALLARD DIRECTOR 1.00 0.00 X 0 0 0 CRAIG ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 JOE ANZALONE DIRECTOR 1.00 0.00 X 0 0 0 KATIA KAMANGAR DIRECTOR 1.00 0.00 X 0 0 0 THANG DO DIRECTOR 1.00 0.00 X 0 0 0 JULIE MAHOWALD CFO 40.00 0.00 X 138308 0 3707 JAMES MATHER CLO 40.00 0.00 X 122260 0 26444 SANDRA MURILLO COO 40.00 0.00 X 110976 0 8363 KEVIN ZWICK CEO 40.00 0.00 X 227107 0 23605 598651 0 62119 4 0 1 0 0 6729435 1407595 508287 8137030 PROGRAM SERVICE FEE 531390 1106193 1106193 OTHER INCOME 531390 65000 65000 1171193 1230475 1230475 2115197 2024634 90563 90563 90563 289381 51348 238033 238033 10867294 1171193 0 1559071 1109696 1109696 313540 313540 714351 476550 176157 61644 1058915 706410 261126 91379 68924 45980 16996 5948 90789 60566 22388 7835 128213 85532 31617 11064 52922 8874 44048 43787 7326 35543 918 113863 98225 10446 5192 55281 4661 1192 49428 12368 7975 3196 1197 130284 92171 28233 9880 26722 13059 11020 2643 17983 12365 4240 1378 260415 260415 19523 13024 4814 1685 7688 750 6938 BALLOT MEASURES 110000 110000 STAFF DEVELOPMENT 29066 12847 15763 456 SOFTWARE SUPPORT 22558 13593 5565 3400 WEBSITE 15439 15183 256 63491 40305 18552 4634 4465818 3509047 697834 258937 18465779 28738513 1080686 309557 47556700 65692978 40200 32801 160089 135411 38731 24678 3985433 4315183 969682 1060139 72137211 100173849 288978 412021 10372 10372 4256418 9558376 8650000 22675000 6315871 8782145 19521639 41437914 X 26973564 27756271 25642008 30979664 52615572 58735935 72137211 100173849 X 6401476 205206 -3819 -482500 X X 0 1 X 1 1 1 X 9471873 4840985 6697237 14398752 8137030 43545877 9471873 4840985 6697237 14398752 8137030 43545877 43545877 453977 688560 672135 862950 1230475 3908097 47453974 2587744 0.91760 0.86000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21791 141831 163622 4302196 4465818 373291 93323 0 0 373291 373291 559937 163622 163622 93323 93323 139985 21791 21791 109285 95662 13623 50804 39749 11055 24678 NON-RECOURSE BANK LOAN CAPITAL 8782145 8782145 X 11309003 205206 236503 441709 10867294 0 10867294 5188640 240322 482500 722822 4465818 0 4465818 PART X, LINE 2: HOUSING TRUST BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. HOUSING TRUST'S FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS 2013 THROUGH 2016 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO RESERVE FOR LOAN LOSSES 482,500. SPECIAL EVENTS 289381 289381 51348 289381 289381 51348 51348 238033 1 BILL WILSON CENTER 3490 THE ALAMEDA SANTA CLARA CA 95050 942221849 501(C)(3) 471736 FMV YOUTH SHELTER GRANT THE ROMAN CATHOLIC BISHOP OF SAN JOSE 1150 N FIRST ST SAN JOSE CA 95112 942734503 501(C)(3) 20000 FMV SAFETY NET CAPITAL IMPROVEMENT GRANT WILLOW GLEN UNITED METHODIST CHURCH 1420 NEWPORT AVE SAN JOSE CA 95125 941546106 501(C)(3) 20000 FMV SAFETY NET CAPITAL IMPROVEMENT GRANT SVHOME 350 W JULIAN ST BUILDING 5 SAN JOSE CA 95110 814755729 501(C)(3) 584260 FMV TO FACILITATE SPIN-OFF OF SV@HOME AS INDEPENDENT NONPROFIT ORGANIZATION 4 GUARDINO SCHOLARSHIPS 6 16000 SECURITY DEPOSIT GRANTS 165 297540 PART I, LINE 2: THE ORGANIZATION PUBLISHES INITIAL GRANT GUIDELINES AND ACCEPTS APPLICATIONS FROM QUALIFIED ORGANIZATIONS. THE PROGRAM COMMITTEE REVIEWS ALL GRANT APPLICANTS AND APPROVES THE AWARD OF ALL GRANTS. THE RECIPIENT ORGANIZATION MUST REPORT MONTHLY THE STATUS OF ALL GRANT FUNDS RECEIVED AND THE WAY IN WHICH THESE FUNDS HAVE BEEN DISBURSED IN ACCORDANCE WITH THE INITIAL PURPOSE. X X X X X 0 0 0 0 0 0 0 0 0 KEVIN ZWICK CEO 192107 0 35000 0 0 0 10373 0 13232 0 250712 0 0 0 OAK COURT APARTMENTS LP BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 303142 RELATED PARTY LOAN 0 NEW HOMESTEAD ASSOCIATES BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 500000 RELATED PARTY LOAN 0 MP MILPITAS AFFORDABLE HOUSING ASSOCIATES BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 500000 RELATED PARTY LOAN 0 MP CENTRAL PARK ASSOCIATES BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 510000 RELATED PARTY LOAN 0 TREE HOUSE APARTMENTS LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 350000 RELATED PARTY LOAN 0 MP EDWINA BENNER ASSOCIATES LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 200000 RELATED PARTY LOAN 0 MP SHOREBREEZE ASSOCIATES LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 407431 RELATED PARTY LOAN 0 MP ATHERTON COURT LLC BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 11219235 RELATED PARTY LOAN 0 SUNFLOWER HILL LIVERMORE LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 368484 RELATED PARTY LOAN 0 HOUSING FIRST LLC BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 610313 RELATED PARTY LOAN 0 TERRA BELLA I LLC BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 6892786 RELATED PARTY LOAN 0 DIANE MCNUTT FORMER BOARD 36000 CONSULTING FEE 0 X LOAN PORTFOLIO 1 508287 BOOK VALUE 0 0 0 FORM 990, PART III, LINE 3 HOUSING TRUST LAUNCHED SV@HOME, AN AFFORDABLE HOUSING POLICY AND EDUCATION PROGRAM IN JUNE 2015. HOUSING TRUST INCUBATED THIS ORGANIZATION AS ONE OF ITS PROGRAMS FOR TWO YEARS. SV@HOME ADVOCATES FOR POLICIES, PROGRAMS, LAND USE, AND FUNDING THAT LEAD TO AN INCREASED SUPPLY OF AFFORDABLE HOUSING. ADDITIONALLY, SV@HOME EDUCATES ELECTED OFFICIALS AND THE COMMUNITY ABOUT THE NEED FOR HOUSING AND THE LINK BETWEEN HOUSING AND OTHER QUALITY OF LIFE OUTCOMES, INCLUDING EDUCATION, HEALTH, TRANSPORTATION AND THE ENVIRONMENT. ON JANUARY 1, 2017, SV@HOME BECAME AN INDEPENDENT 501(C)(3) NONPROFIT ORGANIZATION AND THE NET ASSETS RESULTING FROM DONATIONS, GRANTS AND EVENTS, NET OF EXPENSES WERE TRANSFERRED TO SV@HOME ON THAT DATE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED FOR FILING BY THE AUDIT COMMITTEE. THE ENTIRE BOARD RECEIVES A COPY OF THE FORM 990 PRIOR TO FILING IN SUFFICIENT TIME TO POSE ANY QUESTIONS OR GIVE COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. NEW BOARD MEMBERS OR THOSE BEING CONSIDERED ARE EVALUATED TO SEE IF THERE EXIST ANY CONFLICT OF INTEREST. EMPLOYEES MUST ALSO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF THE BOARD IS EVALUATING A BUSINESS DEALING WITH AN ENTITY THAT A BOARD MEMBER HAS SOME INVOLVEMENT, THE BOARD MEMBER RECUSES THEMSELVES FROM ALL DISCUSSION AND FROM VOTING. IN ADDITION THE BOARD MEMBER ALSO EXCUSED THEMSELVES FROM THE MEETING TO ALLOW OTHER MEMBERS TO DISCUSS THE DEAL CANDIDLY. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE RELIES UPON SALARY SURVEY DATA TO DETERMINE THE REASONABLENESS OF THE COMPENSATION OF CHIEF EXECUTIVE OFFICER. ADDITIONALLY THE PERSONNEL COMMITTEE PERIODICALLY ENGAGES A CONSULTANT TO PERFORM A COMPENSATION STUDY FOR THE CEO, CFO AND CLO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION OFFICES WHICH ARE AVAILABLE FOR INSPECTION MON TO FRI, 9AM TO 5PM. FORM 990, PART XI, LINE 9: ADJUSTMENT TO RESERVE FOR LOAN LOSSES -482,500. FORM 990, PART XII, LINE 2C THE COMMITTEE'S OVERSIGHT PROCESS OF THE AUDIT AND THE PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED. LTOA LLC 95 S MARKET STREET SUITE 610 SAN JOSE CA 95113 AFFORDABLE HOUSING CA 0 0 HOUSING TRUST SILICON VALLEY