San Francisco Community Land Trust
Nonprofit profile at a glance
- EIN
- 113700403
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4153991490
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Land Resources Conservation
Reported finances
- Revenue
- $3,259,546
- Expenses
- $5,316,095
- Assets
- $71,611,255
- Liabilities
- $56,677,262
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- HOPE WILLIAMS (PRESIDENT)
- FRANCESCA MANNING (VICE PRESIDENT)
- SAKI BAILEY (EXECUTIVE DIRECTOR)
Highest reported compensation
- SAKI BAILEY (EXECUTIVE DIRECTOR): $186,455 total reported compensation
- EMILY SILAGON (CONSTRUCTION MANAGEMENT DIRECTOR): $160,002 total reported compensation
- TERESA WANG (DEPUTY DIRECTOR): $151,730 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The san francisco community land trust (sfclt) is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for charitable purposes. The specific purposes for which this corporation is organized are to combat displacement and discrimination, relieve the stress on the poor caused by high housing prices, promote community empowerment, and provide san francisco with quality resident-controlled housing for very low to moderate-income households that will remain permanently affordable for future generations.
What it reported doing in 2024
Provision of affordable housing of 16 properties; asset management and stewardship, resident support, vacancy filling in compliance with mohcd procedures.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.1%; rating input score 81
- Fundraising efficiency: $4.3 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -63.1%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 13.47; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 17.9%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 15.1% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.1% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.3M in reported program spending
- Leadership: top reported pay $186K · 21 people listed · 1 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 12 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: Fundraising efficiency scored 14/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 15/100.