Overview
What is First Community Land?
First Community Land is a nonprofit organization situated in San Jose, California. Their primary mission is to facilitate the development of affordable housing complexes through the investment in land acquisition. In June 2020, they purchased a parcel of land in Morgan Hill, California, intended for the construction of affordable housing units. Construction is scheduled to begin in 2023, with completion expected in 2025. This nonprofit organization supports First Community Housing (FCH), a California public benefit corporation, by aiding the less fortunate, lessening government burdens, and combating community deterioration. They achieve this by developing and providing high-quality, affordable housing for low and moderate-income households, functioning as a community land trust.
Official website here: www.firsthousing.org
Is First Community Land legitimate?
First Community Land is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Community Land submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.firsthousing.org
What is the mission statement of First Community Land?
First Community Land's mission is to aid First Community Housing (FCH), a California nonprofit public benefit corporation, by facilitating relief for the poor and underprivileged, reducing government burdens, and combating community deterioration. They accomplish this by developing and providing quality, affordable housing for low and moderate-income households. Acting as a community land trust, they contribute significantly to the community by ensuring the long-term availability of affordable housing options, thereby promoting social stability and economic equality.
Official website here: www.firsthousing.org
Who is the CEO of First Community Land?
Richard Conniff is the President/Ceo Of Fch of First Community Land. The CEO's salary of First Community Land is $0 and their total compensation is $350,295.
Official website here: www.firsthousing.org
What is the revenue of First Community Land?
First Community Land's revenue in 2022 was $0.
Official website here: www.firsthousing.org
Who are the executives of First Community Land and what are their salaries?
There 13 volunteers at First Community Land.
Here are 15 key members and their salaries (First Community Land's CEO's salary is $0 and their total compensation is $350,295):
- Compensation: $0
- Related: $308,570
- Other: $41,725
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- Related: $181,043
- Other: $51,999
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- Compensation: $0
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- Other: $0
Official website here: www.firsthousing.org
Where can I find the form 990 for First Community Land?
First Community Land's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firsthousing.org
Learn more at the official website: www.firsthousing.org
Mission Statement of First Community Land
First Community Land, a California nonprofit public benefit corporation, is dedicated to supporting its affiliate, First Community Housing (FCH). Its mission involves facilitating relief for the poor and underprivileged, alleviating government burdens, and combating community deterioration. To achieve these goals, First Community Land specializes in developing and providing high-quality, affordable housing for low and moderate-income households. By acting as a community land trust, the organization contributes to the betterment of its community by ensuring that affordable housing remains accessible for generations to come.
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Impact
October, 2024
First Community Land plays a significant role in addressing the housing affordability crisis by creating and maintaining permanently affordable homes. By investing in properties designated for the development of affordable housing, such as their recent acquisition of land in Morgan Hill, California, they aim to provide access to quality housing for low and moderate-income households.
This initiative not only alleviates the burden of high housing costs but also contributes to community stability and revitalization. Construction on the Morgan Hill site is set to begin in 2023, with a completion target of 2025, which will further enhance the availability of affordable housing in the area.
Overall, First Community Land's commitment to developing affordable housing options fosters economic diversity and strengthens communities by ensuring that all residents have access to safe and quality living conditions. Their actions combat community deterioration and lessen the pressures on government resources, ultimately benefiting those who are often marginalized in the housing market.
This information is meant to be a general summary of First Community Land. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $18,421,365
- Total Liabilities: $18,529,146
- Net Assets: -$107,781
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Organization Details
Founding Year
2020
Phone
(408) 291-8650Principal Officer
Richard Conniff
Main Address
75 E SANTA CLARA ST 1300, SAN JOSE, CA, 95113
Website
www.firsthousing.orgNTEE Category
Code: L21 - Housing
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