2017-02-14T16:55:17-06:00 2016-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2015-07-01 770545135 HOUSING TRUST SILICON VALLEY HOUS 4084363450 95 S MARKET ST NO 610 SAN JOSE CA 95113 KEVIN ZWICK CEO 4084363450 2017-02-14 1 ALEXIS H WONG P00604756 4159579999 2015 2021-01-29 14:40:06Z KEVIN ZWICK 95 S MARKET ST NO 610 SAN JOSE CA 95113 17796108 0 X WWW.HOUSINGTRUSTSV.ORG X 2000 CA WE WORK TO MAKE THE BAY AREA A MORE AFFORDABLE PLACE TO LIVE - THROUGH LENDING PROGRAMS AND GRANTS. THE HOUSING TRUST MADE A SIGNIFICANT NUMBER OF LOANS TO DEVELOPERS TO PURCHASE, DEVELOP, BUILD AND RENOVATE PROPERTIES TO CREATE AFFORDABLE HOUSING IN SILICON VALLEY. THE HOUSING TRUST ALSO AWARDED GRANTS TO OTHER ORGANIZATIONS. 15 15 18 0 0 0 6753939 14414477 408123 723689 739706 832125 162708 171698 8064476 16141989 1277122 654681 0 0 1519459 1966862 0 0 192021 660115 775673 3456696 3397216 4607780 12744773 52554076 72137211 12413580 19521639 40140496 52615572 X THE MISSION OF THE HOUSING TRUST SILICON VALLEY IS TO MAKE THE 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 0 605148 0 319925 AFFORDABLE MULTI-FAMILY RENTAL PROGRAM - THE PROGRAM IS DESIGNED TO HELP CREATE AFFORDABLE MULTI-FAMILY RENTAL HOUSING UNITS IN COMMUNITIES THROUGHOUT SILICON VALLEY THROUGH GRANTS AND LOANS TO QUALIFIED DEVELOPERS OF AFFORDABLE MULTI-FAMILY RENTAL HOUSING. 565164 463838 39210 OUR SAFETY NET AND HOMELESS PREVENTION PROGRAMS - LOANS & GRANTS TO REHABILATE AND PRESERVE FACILITIES THAT SERVE THE HOMELESS. 386437 131173 160266 HOMEBUYER PROGRAM - HOUSING TRUST OFFERS THE DOWNPAYMENT ASSISTANCE PROGRAM, MORTGAGE ASSISTANCE PROGRAM, AND CLOSING COST ASSISTANCE PROGRAM, AND EQUITY SHARE CO-INVESTMENT PROGRAM TO HELP QUALIFIED HOMEBUYERS IN SANTA CLARA COUNTY WITH SECOND MORTGAGE, DOWNPAYMENT AND CLOSING COSTS. 1082124 59670 204288 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 LAUNCHED SV@HOME, AN AFFORDABLE HOUSING POLICY AND EDUCATION PROGRAM IN JUNE 2015. SV@HOME ADVOCATES POLICIES, PROGRAMS, LAND USE, AND FUNDING THAT LEAD TO AN INCREASED SUPPLY OF AFFORDABLE HOUSING. 1082124 59670 204288 2638873 1 1 0 1 0 0 0 0 0 0 1 1 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 30 0 18 1 0 0 0 0 0 0 0 0 X 15 15 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 DIRECTOR 1.00 0.00 X 0 0 0 CANDICE GONZALEZ FIRST VICE-CHAIR 1.00 0.00 X X 0 0 0 GEORGE BROWN DIRECTOR 1.00 0.00 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 DANIEL FURTADO DIRECTOR 1.00 0.00 X 0 0 0 HON STEVE TATE DIRECTOR 1.00 0.00 X 0 0 0 JOHN BARTON CHAIR 1.00 0.00 X X 0 0 0 JOHN MCLEMORE DIRECTOR 1.00 0.00 X 0 0 0 JOHN PAUL BRUNO DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN KING SECOND VICE-CHAIR 1.00 0.00 X X 0 0 0 LINDA MANDOLINI DIRECTOR 1.00 0.00 X 0 0 0 LORENA MENDEZ-QUEZADA DIRECTOR 1.00 0.00 X 0 0 0 MARY CHANDLER DIRECTOR 1.00 0.00 X 0 0 0 RACHEL GROSSMAN DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SHERRARD TREASURER 1.00 0.00 X X 0 0 0 SHILOH BALLARD DIRECTOR 1.00 0.00 X 0 0 0 SPARKY HARLAN SECRETARY 1.00 0.00 X X 0 0 0 CRAIG ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 MAUREEN SHILLING CFO 40.00 0.00 X 113567 0 19881 JAMES MATHER CLO 40.00 0.00 X 113431 0 30148 SANDRA MURILLO COO 40.00 0.00 X 105666 0 8082 KEVIN ZWICK CEO 40.00 0.00 X 191100 0 24471 523764 0 82582 4 0 1 0 0 15725 7034920 7363832 4505265 14414477 PROGRAM SERVICE FEE 531390 723689 723689 723689 862950 862950 1527995 1558820 -30825 -30825 -30825 266997 15725 95299 171698 171698 16141989 723689 0 1003823 198670 198670 456011 456011 606346 451802 116996 37548 1102814 821732 212791 68291 63761 47510 12303 3948 71984 53637 13889 4458 121957 90873 23532 7552 77297 37689 39608 35876 3869 31779 228 148843 100211 46364 2268 59935 7607 622 51706 15634 12809 2186 639 133047 99136 25672 8239 32325 27537 4384 404 102119 102119 20322 16622 2801 899 8358 216 8142 LOAN ADMINISTRATION 26847 26847 MEMBERSHIP DUES 23129 20165 1281 1683 OTHER OPERATING EXPENSE 18895 8406 9261 1228 SPONSORSHIPS 14525 14000 525 58521 41405 14186 2930 3397216 2638873 566322 192021 9589626 18465779 1431856 1080686 37069733 47556700 32225 40200 157040 118309 42416 38731 4116854 3985433 271366 969682 52554076 72137211 199965 288978 28764 10372 532038 4256418 6650000 8650000 5002813 6315871 12413580 19521639 X 25821041 26973564 14319455 25642008 40140496 52615572 52554076 72137211 X 12744773 -40697 -229000 X X 0 1 X 1 1 1 X 16216841 9471873 4840985 6697237 14398752 51625688 16216841 9471873 4840985 6697237 14398752 51625688 4611955 47013733 360788 453977 688560 672135 862950 3038410 54664098 1522952 0.86000 0.95390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 2004 1 2004 0 4008 0 PART II-B, LINE 1: THE ORGANIZATION SPENT 20 HOURS ON GRASSROOTS LOBBYING TO INFLUENCE PUBLIC OPINION ON THE NEED FOR THE NEW AFFORDABLE HOUSING POLICIES AND 20 HOURS ON DIRECT LOBBYING OF STATE LEGISLATORS ON AFFORDABLE HOUSING LEGISLATION. 110816 85791 25025 46224 32518 13706 38731 LONG-TERM INVESTMENT PORTFOLIO 3985433 C 3985433 NON-RECOURSE BANK LOAN CAPITAL 6315871 6315871 X 16101292 -40697 -40697 16141989 0 16141989 3626216 229000 229000 3397216 0 3397216 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 2012 THROUGH 2015 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 229,000. SPECIAL EVENTS 282722 15725 266997 95299 282722 15725 266997 95299 95299 171698 1 CITY OF SAN JOSE 200 EAST SANTA CLARA STREET SAN JOSE CA 95113 946000419 CITY GOVERNMENT 39170 NSP2 PASS THROUGH GRANT SUNNYVALE COMMUNITY SERVICES 725 KIFER ROAD SUNNYVALE CA 94086 941713897 501(C)(3) 100000 ASSISTED SUNNYVALE RESIDENTS DISPLACED FROM THE FIRE BILL WILSON CENTER 3490 THE ALAMEDA SANTA CLARA CA 95050 942221849 501(C)(3) 50000 YOUTH SHELTER GRANT NON PROFIT HOUSING ASSOCIATION OF NORTHERN CALIFORNIA 369 PINE STREET SUITE 350 SAN FRANCISCO CA 94104 942741597 501(C)(3) 9500 TO SUPPORT THE ACTIVITIES OF THE DONEE ORGANIZATION 4 HOUSING REPAIRS PROGRAM 37 131173 GUARDINO SCHOLARSHIPS 5 11000 SECURITY DEPOSIT GRANTS 200 313838 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 166100 0 25000 0 0 0 9043 0 15428 0 215571 0 0 0 TREE HOUSE APARTMENTS LP BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 350000 RELATED PARTY LOAN 0 HILLVIEW GLEN APTS BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 371992 RELATED PARTY LOAN 0 PALO ALTO FAMILY LP BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 495357 RELATED PARTY LOAN 0 PEACOCK COMMONSBILL WILSON CENTER BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 500000 RELATED PARTY LOAN 0 FORD ROAD FAMILY HOUSING LP BOARD MEMBER IS EXEC. DIRECTOR OF ORG. SERVING AS GP IN LIMITED PARTNERSHIP 483703 RELATED PARTY LOAN 0 2585 EL CAMINO REAL LLC BOARD MEMBER IS SENIOR VP OF THE LEAD PARTICIPANT IN THE LOAN POOL 1181807 RELATED PARTY LOAN 0 BILL WILSON CENTER BOARD MEMBER IS CEO OF ORGANIZATION 35000 RELATED PARTY LOAN 0 MP EDWINA BENNER ASSOCIATES LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 3200000 RELATED PARTY LOAN 0 MP SHOREBREEZE ASSOCIATES LP BOARD MEMBER IS CFO OF ORGANIZATION SERVING AS GP IN LIMITED PARTNERSHIP 13900 RELATED PARTY LOAN 0 DIANE MCNUTT FORMER BOARD 36000 CONSULTANT 0 X LOAN PORTFOLIO 1 4489540 BOOK VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 THE EXECUTIVE DIRECTOR. 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 -229,000. 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