2025-09-09T09:42:54-05:00 2024-12-31 946214841 ARMANINO ADVISORY LLC 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2024-01-01 770509841 PAULA APARTMENTS INC PAUL 4082918650 75 EAST SANTA CLARA STREET 1175 SAN JOSE CA 95113 RICHARD CONNIFF CHAIRMAN & CEO 4082918650 2025-09-08 1 1 WANWAN ZHANG P01317662 4082006400 2025-09-04 2024 2025-03-06 01:10:19Z X RICHARD CONNIFF 75 EAST SANTA CLARA STREET 1175 SAN JOSE CA 95113 467789 0 X WWW.FIRSTHOUSING.ORG X 1998 CA TO OWN, OPERATE AND PROVIDE QUALITY, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME HOUSEHOLDS. 13 13 0 13 0 0 0 0 452696 467761 29 28 0 0 452725 467789 0 0 0 0 73165 73003 0 0 0 405976 425289 479141 498292 -26416 -30503 2395274 2259474 2673908 2568611 -278634 -309137 TO OWN, OPERATE, AND PROVIDE QUALITY, AFFORDABLE HOUSING FOR LOW INCOME HOUSEHOLDS, AND THEREBY BENEFIT AND SUPPORT FIRST COMMUNITY HOUSING, A CALIFORNIA PUBLIC BENEFIT CORPORATION, IN ACCORDANCE WITH INTERNAL REVENUE CODE SEC. 509(A)(3). 0 0 432490 467761 THE ORGANIZATION OWNS, MAINTAINS, AND MANAGES GOOD QUALITY, AFFORDABLE HOUSING FOR 20 LOW-INCOME HOUSEHOLDS IN SANTA CLARA COUNTY. APPROXIMATELY 67 PEOPLE WERE SERVED DURING THE YEAR. 432490 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X KATHIE LEE INTERIM DIRECTOR OF FIN 4082918650 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 X RICHARD L CONNIFF CHAIRMAN/CEO 0.50 15.00 X X 0 0 0 RU WEERAKOON VP/DIRECTOR 0.50 1.00 X X 0 0 0 DUNIA NOEL SECRETARY/DIRECTOR 0.50 1.00 X X 0 0 0 ROBERT SHERRARD TREASURER/DIRECTOR 0.50 1.00 X X 0 0 0 BILL ANDERSON DIRECTOR 0.50 1.00 X 0 0 0 KERMIT CONLEY DIRECTOR 0.50 1.00 X 0 0 0 JOSH CROSS DIRECTOR 0.50 1.00 X 0 0 0 GERRY DEYOUNG DIRECTOR 0.50 1.00 X 0 0 0 JEFFREY GEE DIRECTOR 0.50 1.00 X 0 0 0 MATTHEW JAMES DIRECTOR 0.50 1.00 X 0 0 0 SUSAN MUYSENBERG DIRECTOR 0.50 1.00 X 0 0 0 PRESTON PRINCE DIRECTOR 0.50 1.00 X 0 0 0 JOYCE RODGER DIRECTOR 0.50 1.00 X 0 0 0 KATHIE LEE INTERIM DIR. OF FINANCE (AS OF 02/24) 0.50 16.00 X 0 0 0 DAVID MUNSON DIRECTOR OF FINANCE (THRU 02/24) 0.50 40.00 X 0 42122 7173 MICHAEL P SANTERO NON-VOTING VP/COO 1.00 40.00 X 0 314706 53033 BIANEY MARTINEZ DIR. OF ASSET MANAGER (THRU 10/24) 1.00 40.00 X 0 221399 44726 EDITH FIGUROA COMMUNITY IMPACT PROGRAMS MNGR (THRU 12/24) 1.00 40.00 X 0 110834 29856 CLAUDIA PINON ASSET MANAGER 3.00 40.00 X 0 118967 31844 0 808028 166632 0 0 1 0 0 RENT-AFFORDABLE HOUSIN 531110 465081 465081 TENANT SERVICES INCOME 531110 2680 2680 467761 28 28 467789 467761 0 28 51038 51038 16321 16321 5644 5644 46448 46448 1789 1789 18887 18887 27291 27291 27331 27331 3723 3723 54494 54494 1528 1528 467 467 67915 67915 91433 91433 30362 30362 REPAIRS & MAINTENANCE 36737 36737 MANAGER'S UNIT 16884 16884 498292 432490 65802 0 85782 17689 2742 4956 17089 13648 4010839 1837455 2232656 2173384 57005 49797 2395274 2259474 10640 23845 24 117 2574829 2487821 88415 56828 2673908 2568611 X -278634 -309137 -278634 -309137 2395274 2259474 -30503 0 X 0 1 X 1 0 X X X 1 FIRST COMMUNITY HOUSING 770119210 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 551821 551821 3210350 1650316 1560034 248668 187139 61529 2173384 TENANT SECURITY DEPOSITS 29346 MANAGEMENT FEE PAYABLE (FCH) 17535 MANAGEMENT FEE PAYABLE (FHS) 9684 INCENTIVE MANAGEMENT FEE PAYABLE 263 56828 X 467789 0 467789 0 467789 498292 0 498292 0 498292 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS FOR THE TAX YEARS 2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA RETURNS FOR THE TAX YEARS 2020 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. 1 0 0 0 0 0 0 0 0 MICHAEL P SANTERO NON-VOTING VP/COO 0 218248 0 0 0 96458 0 6053 0 46980 0 367739 0 0 BIANEY MARTINEZ DIR. OF ASSET MANAGER (THRU 10/24) 0 153692 0 0 0 67707 0 5576 0 39150 0 266125 0 0 CLAUDIA PINON ASSET MANAGER 0 92967 0 0 0 26000 0 2197 0 29647 0 150811 0 0 PART I, LINE 3 A RELATED ORGANIZATION, FIRST COMMUNITY HOUSING (FCH) DID NOT COMPENSATE ITS CEO IN CALENDAR YEAR 2024. ON NOVEMBER 18, 2024, FCH CONTRACTS WITH AVENIDA ESPANA HDC INC. TO PROVIDE ASSET MANAGEMENT AND ADMINISTRATIVE SERVICES. FCH CONTRACTS WITH RAVIX FINANCIAL TO PROVIDE OUTSOURCED FINANCE AND ACCOUNTING SUPPORT. PART I, LINE 4A THE AMOUNTS LISTED IN PART II, SECTION B. (III), OTHER REPORTABLE COMPENSATION, ARE RELATED TO SEPARATION PAYMENTS FROM FIRST COMMUNITY HOUSING (FCH). ON NOVEMBER 18, 2024, FIRST COMMUNITY HOUSING ENTERED INTO A MANAGEMENT SERVICES AGREEMENT WITH AVENIDA ESPANA HDC INC. AVENIDA WILL BE FURNISHING ADMINISTRATIVE, OPERATIONAL, AND MANAGEMENT SERVICES AND AS A RESULT, NO EMPLOYEES OF FCH REMAINED AFTER 12/31/24. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS, AND THE FINANCE COMMITTEE AND MANAGEMENT REVIEW THE FORM 990 BEFORE FILING IT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST ANNUAL DISCLOSURE FORMS ARE COMPLETED BY ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES. THESE DISCLOSURES INCLUDE ANY POTENTIAL CONFLICT OF INTEREST AND ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE EVALUATES THE POTENTIAL CONFLICTS AND TAKES APPROPRIATE ACTIONS DESCRIBED IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO WAS A VOLUNTEER AND NOT COMPENSATED. OTHER KEY EMPLOYEES OF THE ORGANIZATION WERE COMPENSATED BY FIRST COMMUNITY HOUSING (FCH), A RELATED CALIFORNIA NON-PROFIT ORGANIZATION THROUGH END OF THE YEAR. ON NOVEMBER 18, 2024, FCH CONTRACTS WITH AVENIDA ESPANA HDC INC. TO PROVIDE ASSET MANAGEMENT AND ADMINISTRATIVE SERVICES. FCH CONTRACTS WITH RAVIX FINANCIAL TO PROVIDE OUTSOURCED FINANCE AND ACCOUNTING SUPPORT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART VII SECTION A COLUMN (B) ALL BOARD MEMBERS ATTEND BOARD MEETINGS OF OTHER RELATED ORGANIZATIONS. THE CEO IS AN UNPAID VOLUNTEER SERVING 15 HOURS/WEEK FOR FIRST COMMUNITY HOUSING, A RELATED NON-PROFIT ORGANIZATION. FIRST COMMUNITY HOUSING 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770119210 DEVELOPER OF AFFORDABLE HOUSING CA 501(C)(3) LINE 7 N/A 0 RINCON DE LOS ESTEROS INC 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770329569 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 GUADALUPE INC 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770207370 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 BETTY ANNE GARDENS INC 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770563148 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 CRAIG GARDENS INC 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770566901 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST COMMUNITY HOUSING 0 EL PASEO APARTMENTS INC 75 EAST SANTA CLARA STREET STE 1175 SAN JOSE CA 95113 770563647 GENERAL PARTNER FOR AFFORDABLE HOUSING CA 501(C)(3) LINE 12A, I FIRST 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