Housing Trust Silicon Valley
Nonprofit profile at a glance
- EIN
- 770545135
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- San Jose, CA, USA
- Phone
- 408-703-3837 ext. 301
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $56,290,504
- Expenses
- $13,642,259
- Assets
- $313,661,440
- Liabilities
- $130,195,269
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- ANTONIETA RAMOS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANTONIETA RAMOS (CHIEF EXECUTIVE OFFICER): $465,419 total reported compensation
- JULIE MAHOWALD (CFO & HEAD OF P'SHIPS & STRATEGY): $370,046 total reported compensation
- JULIE QUINN (CHIEF PROGRAM & IMPACT OFFICER): $273,351 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We use transformative housing finance and public and private partnerships to create more equitable and affordable communities. HOUSING TRUST SILICON VALLEY (Housing Trust)** believes that safe, stable, affordable housing opens the door to a better life for everyone. Housing Trust is certified by the U.S. Treasury Depart-ment as a Community Development Financial Institution (CDFI), and they seek to provide innova-tive financial solutions to create a strong affordable housing market in the fourteen counties of the greater Bay Area. Mission Statement We use transformative housing finance and public and private partnerships to create more equitable and affordable communities.
What it reported doing in 2024
Six-figure down payments can put the dream of homeownership out of reach. Housing trust offers first time homebuyers the education and counseling and deferred interest loans. Housing trust's homebuyer team offers one-on-one sessions that cover topics including saving for a down payment and reserves, how to select and work with realtors and mortgage loan officers and what to expect upon closing on a new home. Housing trust's financial products reduce the burden of 20% down payment requirements and bridge the gap between what low- to middle-income buyers can afford to borrow and the equity required to do so. Since 2000 we have offered homebuyer down payment assistance as deferred, amortizing and equity share loans, depending on income level and needs of the borrower. Our loans under these programs range from $6,500 to $250,000. We have made 2,635 down payment assistance loans totaling over $66 million since our founding. In fy25, housing trust provided education and counseling to 382 hopeful homebuyers, made twenty down payment assistance loans.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 91
- Accountability: 95
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.7%; rating input score 17
- Program expense ratio: 71.3%; rating input score 71
- Fundraising efficiency: $56.69 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 75.8%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 22.99; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 18.5%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 83rd percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site
- Where the money goes: 16.7% of revenue deployed · 71.3% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $9.7M in reported program spending
- Leadership: top reported pay $465K · 29 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $439K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 17/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.