HOMEFIRST SERVICES OF SANTA CLARA … - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

SHANTEL WEINGAND

Phone

4085392118

Tax Period

2024-07-01 to 2025-06-30

HOMEFIRST SERVICES OF SANTA CLARA COUNTY, founded in 1980, is a mid-sized nonprofit that reported $62.2M in total revenue in fiscal year 2024.

Mission

HOMEFIRST CONFRONTS HOMELESSNESS BY CULTIVATING PEOPLE'S POTENTIAL TO GET HOUSED AND STAY HOUSED.

Program Service Accomplishments

Program 1

EIH-RUE FERRARI:HOMEFIRST, IN PARTNERSHIP WITH THE CITY OF SAN JOS, OPERATES THE EMERGENCY INTERIM HOUSING (EIH) PROGRAM AT THE RUE FERRARI SITE, PROVIDING LOW-BARRIER, NON-CONGREGATE TEMPORARY...

EIH-RUE FERRARI:HOMEFIRST, IN PARTNERSHIP WITH THE CITY OF SAN JOS, OPERATES THE EMERGENCY INTERIM HOUSING (EIH) PROGRAM AT THE RUE FERRARI SITE, PROVIDING LOW-BARRIER, NON-CONGREGATE TEMPORARY HOUSING AND SUPPORTIVE SERVICES TO UNHOUSED ADULTS. THE PROGRAM OFFERS 24/7 ON-SITE OPERATIONS, INCLUDING CASE MANAGEMENT, HOUSING NAVIGATION, AND BEHAVIORAL HEALTH SUPPORT, WITHIN A HOUSING FIRST FRAMEWORK. THROUGH A PHASED SERVICE APPROACH, THE PROGRAM STABILIZES PARTICIPANTS AND ASSISTS THEM IN SECURING AND MAINTAINING PERMANENT HOUSING, AS PART OF THE CITY'S BROADER HOMELESSNESS RESPONSE SYSTEM.

Program 2

SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF):THIS PROGRAM IS DESIGNED TO ASSIST LOW-INCOME VETERAN FAMILIES WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS. THE PROGRAM PROVIDES RAPID REHUSING AND...

SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF):THIS PROGRAM IS DESIGNED TO ASSIST LOW-INCOME VETERAN FAMILIES WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS. THE PROGRAM PROVIDES RAPID REHUSING AND HOMELESSNESS PREVENTION SERVICES, HELPING VETERAN FAMILIES STABILIZE THEIR HOUSING SITUATION. SERVICES PROVIDED INCLUDE FINANCIAL ASSISTANCE FOR RENT, UTILITIES AND SECURITY DEPOSITS, MEDIATION WITH LANDLORDS TO PREVENT EVICTION, RAPID REHOUSING ASSISTANCE IN SECURING PERMANENT HOUSING, CASE MANAGEMENT TO HELP ACCCESS MAINSTREAM BENEFITS SUCH AS FOOD ASSISTANCE AND EMPLOYMENT PROGRAMS, EMPLOYMENT SUPPORT SUCH AS EMPLOYMENT SEARCH ASSISTANCE AND RESUME BUILDING, AND HEALTH SERVICES SUCH AS SUBSTANCE USE TREATMENT REFERRALS.

Program 3

COLD WEATHER SHELTER-GILROY:HOMEFIRST OPERATES THE COLD WEATHER SHELTER PROGRAM IN PARTNERSHIP WITH SANTA CLARA COUNTY AT ITS GILROY SITE, PROVIDING SEASONAL, LOW-BARRIER EMERGENCY SHELTER AND...

COLD WEATHER SHELTER-GILROY:HOMEFIRST OPERATES THE COLD WEATHER SHELTER PROGRAM IN PARTNERSHIP WITH SANTA CLARA COUNTY AT ITS GILROY SITE, PROVIDING SEASONAL, LOW-BARRIER EMERGENCY SHELTER AND SUPPORTIVE SERVICES TO INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS DURING THE WINTER MONTHS. THE PROGRAM OPERATES ON A REFERRAL BASIS AND OFFERS OVERNIGHT ACCOMMODATIONS, MEALS, HYGIENE FACILITIES, AND CASE MANAGEMENT TO HELP STABILIZE PARTICIPANTS AND CONNECT THEM TO HOUSING AND SUPPORTIVE SERVICES. DESIGNED TO PROTECT VULNERABLE INDIVIDUALS DURING PERIODS OF INCLEMENT WEATHER, THE PROGRAM SERVES AS A CRITICAL COMPONENT OF THE COUNTY'S EMERGENCY SHELTER SYSTEM AND BROADER CONTINUUM OF CARE.

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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 $60,010,411

Program Service Revenue $1,980,285

Investment Income $1,453

Other Revenue $198,352

TOTAL REVENUE $62,190,501

Expense Breakdown

Grants Paid $5,272,235

Salaries & Benefits $39,975,716

Fundraising Expenses $1,280,033

Program Expenses $54,486,482

Other Expenses $17,855,928

TOTAL EXPENSES $63,103,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,190,501	$58,258,104	+0.1%
Expenses	$63,103,879	$58,496,757	+0.1%
Net Income	$-913,378	$-238,653	+2.8%

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

584

Volunteers

448

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

$749,145

Total Directors

Key Employees

$493,342

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SRI VENKAT	PRESIDENT/BOARD CHAIR	2.00	Officer Director	$0	$0	$0
APAMA MOTIWALA	BOARD VICE CHAIR/FUND DEV./GOV. COMM.	2.00	Officer Director	$0	$0	$0
SURESH BHAT	TREASURER/FINANCE COMMITTEE	2.00	Officer Director	$0	$0	$0
MARY CURTIS	SECRETARY/GOV. COMM. CHAIR	2.00	Officer Director	$0	$0	$0
AMY BADANI	FUND DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
RICHARD FISH	FUND DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
KRIS HANER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MILLER	AUDIT COMMITTEE CHAIR/FUND DEV./GOV COMMITTEE	2.00	Director	$0	$0	$0
DAVE MONTEZ	AUDIT COMMITTEE	2.00	Director	$0	$0	$0
MICHELE RYAN	GOV. COMM./FINANCE COMM.	2.00	Director	$0	$0	$0
SKETCH SALAZAR	FUND DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
TROY TAZBAZ	GOVERNANCE COMMITTEE	2.00	Director	$0	$0	$0
ANDREA URTON	CEO (THRU 07/2024)	40.00	Officer	$147,184	$0	$147,184
RENE RAMIREZ	COO, CEO (AS OF 11/2024)	40.00	Officer	$322,488	$34,073	$356,561
ARTHUR STEIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$233,136	$12,264	$245,400
KELLY VAZQUEZ	CPO, COO (AS OF 01/2025)	40.00	Key Emp	$242,786	$8,239	$251,025
BEATRIZ E RAMOS	VP, EMERGENCY HOUSING, CPO (01/2025)	40.00	Key Emp	$222,390	$19,927	$242,317
B MICHAEL MCFARLAND	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$226,701	$12,179	$238,880
KRISTIN SMALE	CONTROLLER	40.00	Highest	$163,935	$27,000	$190,935
SANDRA KISS	HUMAN RESOURCES DIRECTOR	40.00	Highest	$161,871	$23,879	$185,750
ELIZABETH P MACAPANPAN	SENIOR FACILITIES DIRECTOR	40.00	Highest	$158,496	$30,346	$188,842
LORI SMITH	CHIEF MARK. & COMMUNICATIONS OFFICER	40.00	Highest	$155,492	$5,090	$160,582

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
2025	$62,190,501	$63,103,879	$33,808,205	$-913,378
2024	No data	No data	No data	No data
2023	$51,218,666	$50,218,563	$33,424,113	$1,000,103
2022	$44,443,452	$43,326,024	$30,090,310	$1,117,428
2021	$44,725,955	$43,381,812	$29,402,933	$1,344,143
2020	$25,108,162	$24,427,440	$25,392,086	$680,722
2019	$17,720,938	$17,705,420	$22,449,882	$15,518
2018	$14,182,572	$15,413,182	$21,658,497	$-1,230,610

HOMEFIRST SERVICES OF SANTA CLARA COUNTY