2016-01-13T17:48:26-06:00 2015-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2014-07-01 770545135 HOUSING TRUST SILICON VALLEY (FORMERLY HOUSING TRUST OF SANTA CLARA) HOUS 4084363450 95 S MARKET ST NO 610 SAN JOSE CA 95113 KEVIN ZWICK CEO 4084363450 2016-01-12 ALEXIS H WONG P00604756 4159579999 2014 2016-04-25 22:37:26Z KEVIN ZWICK 95 S MARKET ST NO 610 SAN JOSE CA 95113 11365086 0 X WWW.HOUSINGTRUSTSV.ORG X 2000 CA THE HOUSING TRUST SILICON VALLEY MAKES LOANS AND GRANTS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING WITHIN SANTA CLARA COUNTY, ASSISTING FIRST TIME HOMEBUYERS, PREVENTING HOMELESSNESS AND STABILIZING NEIGHBORHOODS. 19 19 16 0 0 0 4840985 6753939 184817 408123 692827 739706 149350 162708 5867979 8064476 2050622 1277122 0 0 1388318 1519459 0 0 175190 857264 660115 4296204 3456696 1571775 4607780 46030874 52554076 10482580 12413580 35548294 40140496 X THE MISSION OF THE HOUSING TRUST SILICON VALLEY IS TO MAKE SILICON VALLEY A MORE AFFORDABLE PLACE TO LIVE. THE HOUSING TRUST MAKES LOANS AND GRANTS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING, ASSIST FIRST-TIME HOMEBUYERS, PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS. 0 0 750157 9000 246481 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 631668 356504 HOMELESS AND SPECIAL NEEDS PROGRAM - THE PROGRAM IS DESIGNED TO HELP PREVENT HOMELESSNESS IN CITIES ACROSS SILICON VALLEY THROUGH GRANTS AND LOANS TO QUALIFIED DEVELOPERS OF HOUSING FOR THE HOMELESS AND/OR THOSE WITH SPECIAL NEEDS. 1211856 671220 98391 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. 561928 240398 63251 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. 561928 240398 63251 3155609 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 0 0 1 1 0 0 0 1 0 0 0 0 1 211 0 16 1 0 0 0 0 0 0 0 0 0 0 X 19 19 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 ERIN BRENNOCK DIRECTOR 1.00 0.00 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 KEVIN ZWICK CEO 40.00 0.00 X 169197 0 24115 MAUREEN SHILLING CFO 40.00 0.00 X 123997 0 30086 JAMES MATHER CLO 40.00 0.00 X 111194 0 27242 SANDRA MURILLO DIRECTOR OF GRANTS ADMINISTRATION 40.00 0.00 X 102568 0 7881 506956 0 89324 4 0 1 0 0 56702 5760627 936610 56702 6753939 PROGRAM SERVICE FEE 531390 408123 408123 408123 672135 672135 3265924 3198353 67571 67571 67571 264965 56702 102257 162708 162708 8064476 408123 0 902414 886708 886708 390414 390414 485831 416210 31777 37844 806091 689515 53465 63111 52784 45590 3707 3487 85059 73426 5176 6457 89694 77070 5362 7262 38205 31690 2590 3925 158111 144990 5017 8104 5009 560 4449 27855 23144 1410 3301 86774 73020 5468 8286 11019 10060 381 578 10208 9034 364 810 73555 73555 15671 13082 1029 1560 17977 15326 1054 1597 PROGRAM ADMINISTRATION 51386 46905 1781 2700 OUTSIDE COMPUTER SERVIC 29010 24405 1831 2774 BANK SERVICE CHARGES 25025 24179 310 536 AUTO MILAGE AND PARKING 21034 18343 977 1714 89276 68383 4198 16695 3456696 3155609 125897 175190 9463036 9589626 643075 1431856 33065 30233541 37069733 25132 32225 140403 97987 33897 42416 4116936 4116854 1482192 271366 46030874 52554076 188732 199965 138007 28764 1459816 532038 5600000 6650000 3096025 5002813 10482580 12413580 X 26091471 25821041 9456823 14319455 35548294 40140496 46030874 52554076 X 4607780 -154412 138834 X X 0 1 X 1 1 1 X 12910657 16216841 9471873 4840985 6697237 50137593 12910657 16216841 9471873 4840985 6697237 50137593 50137593 249414 360788 453977 688560 672135 2424874 52562467 899013 0.95390 0.95960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1791 1 6189 0 7980 0 PART II-B, LINE 1: THE ORGANIZATION SPENT HOURS LOBBYING FOR THE PASSING OF THE HOUSING IMPACT FEE IN SAN JOSE. SAN JOSE'S CITY COUNCIL HAD TO VOTE ON THE PROPOSED IMPACT FEES (WHICH ADOPTED IN NOVEMBER 2014). THE CEO WAS INVOLVED IN DIRECT AND PUBLIC COMMUNICATION ABOUT LOCAL ORDINANCES. 96684 72394 24290 43719 25593 18126 42416 PROGRAM SPENDING RESERVE 2042095 C LONG TERM OPERATING RESERVE 2074759 C 4116854 NON-RECOURSE BANK LOAN CAPITAL 5002813 5002813 X 7910064 -154412 -154412 8064476 0 8064476 3317862 -138834 -138834 3456696 0 3456696 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 2011 THROUGH 2014 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: DOWNWARD ADJUSTMENT TO RESERVE FOR LOAN LOSSES -138,834. GOOD EATS AND TREATS 321667 56702 264965 102257 321667 56702 264965 102257 102257 162708 1 CITY OF SAN JOSE 200 EAST SANTA CLARA STREET SAN JOSE CA 95113 946000419 CITY GOVERNMENT 236707 NSP2 PASS THROUGH GRANT NEIGHBORHOOD HOUSING SERVICES SILICON VALLEY 31 NORTH 2ND STREET SUITE 300 SAN JOSE CA 95113 770413992 NON PROFIT 650000 BOOK VALUE DEBT FORGIVENESS NSP2 PASS THROUGH GRANT AND FORECLOSUREHELP PASS THROUGH GRANT 2 HOUSING REPAIRS PROGRAM 5 21220 GUARDINO SCHOLARSHIPS 3 9000 SECURITY DEPOSIT GRANTS 229 342740 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 154197 0 15000 0 0 0 8457 0 15658 0 193312 0 0 0 MAUREEN SHILLING CFO 117247 0 6750 0 0 0 6489 0 23597 0 154083 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 379909 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 436843 RELATED PARTY LOAN 0 BILL WILSON CENTER BOARD MEMBER IS CEO OF ORGANIZATION 35000 RELATED PARTY LOAN 0 X WEBSITE 1 56702 BOOK VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED AND APPROVED FOR FILING BY THE FINANCE 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: DOWNWARD ADJUSTMENT TO RESERVE FOR LOAN LOSSES 138,834. 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