San Jose Downtown Property Owners' Association

What it reported doing in 2024

(c) image enhancement and cosmetic improvements to visually improve downtown. Tree maintenance to maintain the street trees and palms within the downtown san jose property-based business improvement district ("pbid") boundary.streetscape beautification and image enhancements, also referred to as street life projects, comprise the third component of the core pbid services. The pbid continues to provide general maintenance of the pbid's previous installations. The street life scope includes greening initiatives such as landscaping services, planting and maintaining seasonal hanging baskets, and urban canopy maintenance and plantings. It also includes partnership projects such as the sofa pocket park and streetscape enhancements in the form of decorative lighting, murals, art crosswalks, and volunteer activities. Building on this foundation, we have begun stitching districtsa transformative initiative focused on uniting san jose's vibrant districts into a cohesive, walkable, art-filled urban experience which brings both immediate and long-term value to the public realm. In the short term, it delivers lighting upgrades, mural preservation, landscaping enhancements, and branded wayfinding that help residents and visitors experience downtown in a new light. Long term, stitching districts sets the stage for a reimagined san jose, where each district is celebrated for its unique character while seamlessly integrated into the greater whole. With strong public and private partnerships, this initiative not only enhances beauty but also strengthens equity, accessibility, resilience, and community pride.our tree maintenance program provides support to the city of san jose through the trimming, pruning, treatment, and planting of trees within pbid boundaries. As part of our long-term commitment to public space management and environmental resilience, we are investing in the treeplotter software suite to digitize, centralize, and elevate the way we manage san jose's urban forest. We launched a comprehensive tree inventory mapping all 3,300 downtown trees into this cutting-edge, gis-based platform trusted by municipalities, nonprofits, and urban forestry leaders worldwide. Treeplotter enables us to shift from reactive tree maintenance to proactive, data-informed canopy planning, with tools to access live field data, prioritize tasks, and document critical health indicators such as tree condition, species, canopy exposure, hardscape conflicts, pests, and structural weaknesses. With a new street life management in place, this tool has helped us get back on track with our four-year pruning cycle, targeting key areas west of the pbid, the transit mall, the south end of the pbid, and the east side. All palms within the pbid are pruned annually, and in fy 24-25 we completed 16 tree pruning projects of palms - balancing strategic deployment with property owner requests.mural program: our mural and facade projects continue to activate downtown san jose with vibrant, community-driven art that celebrates culture, strengthens neighborhood identity, and supports local businesses. Over the past year, we have completed 2 asphalt murals, 2 building facade murals, 3 facade improvements, and 2 window vinyl art installationsworking with 24 local artists and partnering with 3 public art entities. From large-scale works like the san pedro and post street asphalt murals to neighborhood enhancements such as the sofa planter gateway and historic facade restorations, these projects have drawn visitors, improved public spaces, and empowered local creatives, reinforcing downtown as a hub of arts, culture, and connection.santa clara corridor project: the santa clara corridor pilot program completed 17 public space improvement projects between 20242025, establishing a clear model for the larger stitching districts initiative. This work included 5 murals (new commissions, restorations, and landmark projects), 3 facade improvements, 3 window art/vinyl installations, 2 maj

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• 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: 6 of 7 controls in place; rating input score 86
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -1.9%; rating input score 27; 27th percentile among comparable filings
• Total-asset coverage ratio: 0.25; rating input score 7; 7th percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 6.5% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings