FIRST COMMUNITY HOUSING

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

RICHARD CONNIFF

Phone

4082918650

Tax Period

2024-01-01 to 2024-12-31

FIRST COMMUNITY HOUSING, founded in 1986, is a micro nonprofit that reported $994K in total revenue in fiscal year 2024. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

TO RELIEVE THE POOR AND UNDERPRIVILEGED, TO LESSEN THE BURDENS OF GOVERNMENT AND TO COMBAT COMMUNITY DETERIORATION BY DEVELOPING AND PROVIDING QUALITY, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME HOUSEHOLDS.

Program Service Accomplishments

Program 1

Expenses: $10,353,628 Revenue: $1,782,154

IN PARTNERSHIP WITH THE THIRD-PARTY PROPERTY MANAGEMENT COMPANIES, OTHER NON-PROFIT SERVICE COMPANIES AND PUBLIC AGENCIES, OVER 3,000 PEOPLE WERE SERVED DURING THE YEAR. MANAGEMENT SERVICES AT EACH PROPERTY, FCH PROVIDES ENHANCED, ON-SITE RESIDENT SERVICES. THESE SERVICES ARE CUSTOMIZED TO THE NEEDS OF RESIDENTS THROUGH PARTNERSHIPS WITH SERVICE-BASED NON-PROFIT ORGANIZATIONS. THE PROGRAMS INCLUDE: FINANCIAL LITERACY, COMPUTER TRAINING CLASSES, YOUTH LITERACY, AND MORE.

Program 2

Expenses: $425,134 Revenue: $670,572

SINCE 1986 FIRST COMMUNITY HOUSING (FCH) HAS DEVELOPED AND OPERATES OVER 1,634 UNITS OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING FOR HOUSEHOLDS EARNING 20-80% OF THE AREA MEDIAN INCOME FOR SILICON...

SINCE 1986 FIRST COMMUNITY HOUSING (FCH) HAS DEVELOPED AND OPERATES OVER 1,634 UNITS OF HIGH-QUALITY AFFORDABLE RENTAL HOUSING FOR HOUSEHOLDS EARNING 20-80% OF THE AREA MEDIAN INCOME FOR SILICON VALLEY. FCH IS A GREEN DEVELOPER NOTED FOR ITS COMMITMENT TO USING SUSTAINABLE, ENERGY-EFFICIENT MATERIALS AND SYSTEMS IN ITS DEVELOPMENTS AND HAS WON AWARDS FOR ARCHITECTURAL DESIGN, PROPERTY MANAGEMENT, AND ENERGY-EFFICIENCY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,721,749

Program Service Revenue $2,415,836

Investment Income $-5,168,690

Other Revenue $36,890

TOTAL REVENUE $-994,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,642,445

Fundraising Expenses $0

Program Expenses $10,778,762

Other Expenses $11,368,825

TOTAL EXPENSES $13,011,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-994,215	$23,061,178	-1.0%
Expenses	$13,011,270	$10,631,115	+0.2%
Net Income	$-14,005,485	$12,430,063	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$49,295

Total Directors

Key Employees

$633,864

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDITH FIGUROA	COMMUNITY IMPACT PROGRAMS MNGR (THRU 12/24)	40.00	Highest	$110,834	$29,856	$140,690
MICHAEL P SANTERO	COO	40.00	Key Emp	$314,706	$53,033	$367,739
CLAUDIA PINON	ASSET MANAGER	40.00	Highest	$118,967	$31,844	$150,811
BIANEY MARTINEZ	DIR. OF ASSET MANAGER (THRU 10/24)	40.00	Key Emp	$221,399	$44,726	$266,125
HARJEET REEHAL	PERM. SUPPORTIVE HOUSING MNGR.	40.00	Highest	$129,895	$13,218	$143,113
ARASELI ADAMS	ASSET MANAGER	40.00	Highest	$159,862	$12,111	$171,973
VIVIANA RODRIGUEZ	ACCOUNTANT (THRU 10/24)	40.00	Highest	$138,276	$20,198	$158,474
DAVID MUNSON	DIRECTOR OF FINANCE (THRU 02/24)	40.00	Officer	$42,122	$7,173	$49,295
KATHIE LEE	INTERIM DIR. OF FIN. (START 02/24)	16.00	Officer	$0	$0	$0
RICHARD L CONNIFF	CHAIRMAN & CEO	15.00	Officer Director	$0	$0	$0
RU WEERAKOON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DUNIA NOEL	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT SHERRARD	TREASURER	1.00	Officer Director	$0	$0	$0
BILL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KERMIT CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH CROSS	DIRECTOR	1.00	Director	$0	$0	$0
GERRY DEYOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GEE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW JAMES	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MUYSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE RODGER	DIRECTOR	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
2024	$-994,215	$13,011,270	$100,059,515	$-14,005,485
2023	$23,061,178	$10,631,115	$51,842,706	$12,430,063
2022	$3,311,800	$30,740,892	$40,255,959	$-27,429,092
2021	$734,419	$4,893,081	$58,290,308	$-4,158,662
2020	$1,365,523	$4,105,682	$54,081,683	$-2,740,159
2019	$2,956,167	$4,268,898	$20,661,809	$-1,312,731
2018	$2,389,250	$3,169,528	$17,760,544	$-780,278