E C S V REAL ESTATE

EIN: 465073349 501(c)(3) Education

SAN JOSE, CA

Total Revenue
$129,595
Total Expenses
$581,339
Total Assets
$15,520,084
Net Assets
$14,676,438
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
JASON VANN
Phone
4085734801
Tax Period
2022-07-01 to 2023-06-30

E C S V REAL ESTATE, founded in 2013, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $581K exceeded revenue, resulting in a 349% operating deficit.

Mission

THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE AN EDUCATION FACILITY LOCATED IN SAN JOSE, CA TO ECSV. THE ORGANIZATION RECEIVED LOANS TO CONSTRUCT THE BUILDING VIA A NEW MARKETS TAX CREDIT FINANCING TRANSACTION.

Program Service Accomplishments

Program 1
Expenses: $553,503 Revenue: $18,000

ECSV REAL ESTATE (THE ORGANIZATION") WAS FORMED FOR THE BENEFIT OF EDUCARE CALIFORNIA AT SILICON VALLEY ("ECSV"). ECSV IS A NONPROFIT, 501(C)(3) ORGANIZATION WHOSE MISSION IS TO BUILD AND OPERATE AN...

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ECSV REAL ESTATE (THE ORGANIZATION") WAS FORMED FOR THE BENEFIT OF EDUCARE CALIFORNIA AT SILICON VALLEY ("ECSV"). ECSV IS A NONPROFIT, 501(C)(3) ORGANIZATION WHOSE MISSION IS TO BUILD AND OPERATE AN EARLY LEARNING CENTER IN SAN JOSE, CALIFORNIA TO HELP ENSURE THAT THE CHILDREN THEREBY SERVED WILL SUCCEED IN SCHOOL AND LATER LIFE. ECSV OFFERS CURRICULA AND PROGRAMS FOCUSED ON DELIVERING BEST PRACTICES IN EARLY CHILDHOOD DEVELOPMENT AND EDUCATION. THE PURPOSE OF THIS ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR ECSV. THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION THAT PROVIDED FUNDS TO FINANCE THE CONSTRUCTION AND DEVELOPMENT OF A FACILITY LOCATED IN SAN JOSE, CALIFORNIA. CONSTRUCTION WAS COMPLETED IN AUGUST 2015 AND THE ORGANIZATION COMMENCED LEASING THE FACILITY TO ECSV FOR ECSV TO SERVE APPROXIMATELY 164 CHILDREN AGES BIRTH TO 5 AND THEIR FAMILIES IN A MODEL EARLY LEARNING SCHOOL. CLASSROOM SERVICES WERE PROVIDED BY THE SANTA CLARA COUNTY OFFICE OF EDUCATION (SCCOE) AND FRANKLIN MCKINLEY SCHOOL DISTRICT(FMSD), AND FUNDED WITH FEDERAL, STATE AND LOCAL FUNDING SOURCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $111,595
Program Service Revenue $18,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $129,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $553,503
Other Expenses $581,339
TOTAL EXPENSES $581,339

Year-over-Year Comparison

2022 2021 Change
Revenue $129,595 $203,250 -0.4%
Expenses $581,339 $581,881 0.0%
Net Income $-451,744 $-378,631 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
37

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$109,191
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BURKE VICE CHAIR 1.00
Officer Director
$0 $0 $0
JUAN CRUZ TREASURER 1.00
Officer Director
$0 $0 $0
JASON VANN CHAIR 1.00
Officer Director
$0 $0 $0
SHAWN GERTH EXECUTIVE DIRECTOR 20.00
Director
$0 $0 $109,191
DARCIE GREEN SECRETARY 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $129,595 $581,339 $15,520,084 $-451,744
2022 $203,250 $581,881 $16,055,694 $-378,631
2021 $14,567,378 $1,169,288 $16,597,710 $13,398,090
2020 $265,409 $747,848 $17,105,164 $-482,439
2019 $376,790 $730,326 $17,644,435 $-353,536
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