FIRST COMMUNITY LAND

EIN: 851098163 501(c)(3) Housing & Shelter

SAN JOSE, CA

Total Revenue
$-6,952,118
Total Expenses
$442,218
Total Assets
$9,599,459
Net Assets
$-10,021,174
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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
2020
Legal Domicile
CA
Principal Officer
RICHARD CONNIFF
Phone
4082918650
Tax Period
2024-01-01 to 2024-12-31

FIRST COMMUNITY LAND, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $7.0M in total revenue in fiscal year 2024. Revenue fell 434607% from the prior year — a significant decline worth monitoring.

Mission

CREATES AND MAINTAINS PERMANENTLY AFFORDABLE SINGLE FAMILY OR MULTIFAMILY RESIDENCES

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,600
Program Service Revenue $0
Investment Income $-6,953,718
Other Revenue $0
TOTAL REVENUE $-6,952,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $-137,486
Other Expenses $442,218
TOTAL EXPENSES $442,218

Year-over-Year Comparison

2024 2023 Change
Revenue $-6,952,118 $1,600 -4346.1%
Expenses $442,218 $2,520,657 -0.8%
Net Income $-7,394,336 $-2,519,057 +1.9%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
6
$49,295
Total Directors
13
$0
Key Employees
2
$633,864
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL P SANTERO COO 2.00
Key Emp
$0 $53,033 $367,739
DAVID MUNSON DIRECTOR OF FINANCE (THRU 02/24) 0.50
Officer
$0 $7,173 $49,295
KATHIE LEE INTERIM DIRECTOR OF FINANCE (START 02/24) 0.50
Officer
$0 $0 $0
RICHARD L CONNIFF CHAIRMAN & CEO 0.50
Officer Director
$0 $0 $0
BIANEY MARTINEZ DIRECTOR OF ASSET MANAGER 2.00
Key Emp
$0 $44,726 $266,125
RU WEERAKOON VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DUNIA NOEL SECRETARY 0.50
Officer Director
$0 $0 $0
ROBERT SHERRARD TREASURER 0.50
Officer Director
$0 $0 $0
BILL ANDERSON DIRECTOR 0.50
Director
$0 $0 $0
KERMIT CONLEY DIRECTOR 0.50
Director
$0 $0 $0
JOSH CROSS DIRECTOR 0.50
Director
$0 $0 $0
GERRY DEYOUNG DIRECTOR 0.50
Director
$0 $0 $0
JEFF GEE DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW JAMES DIRECTOR 0.50
Director
$0 $0 $0
SUSAN MUYSENBERG DIRECTOR 0.50
Director
$0 $0 $0
PRESTON PRINCE DIRECTOR 0.50
Director
$0 $0 $0
JOYCE RODGER DIRECTOR 0.50
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 $-6,952,118 $442,218 $9,599,459 $-7,394,336
2023 $1,600 $2,520,657 $16,652,958 $-2,519,057
2022 No data $31,533 $18,421,365 No data
2021 No data $61,145 $17,735,853 No data
2020 No data $15,103 $8,973,077 No data
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