Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION
DESTINATION: HOME'S MISSION IS TO MAKE HOMELESSNESS RARE, BRIEF, AND NON-RECURRING IN SANTA CLARA COUNTY.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$31.6M
Total Expenses
$25.9M
Net Assets
$84.8M
Employees
17
Volunteers
15
Grants Paid
$17.6M
Program Expense Ratio
96.7%
Fundraising Efficiency
12158.6%
This nonprofit profile presents IRS Form 990 tax filing data for Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION (EIN: 82-3353174), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 2017. It is classified under NTEE code L11 (Single Organization Support), within the Housing & Shelter category. The organization has held tax-exempt status since 2018. In its 2024 filing, the organization reported $31.6M in total revenue, a 8.8% increase from the prior year, and $25.9M in total expenses. The organization employed 17 people and engaged 15 volunteers. Nicole Taylor, Director/CEO of SVCF, is the highest-compensated individual at $1,268,486. The organization runs 3 programs, totaling $25.0M in program expenses. 6 of 6 recommended governance policies are in place.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION is classified under NTEE code L11 (Single Organization Support), which falls within the Housing & Shelter category. Its foundation type is 21.
Programs(Tax Year 2024)
3 records
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION operates 3 programs, with total program expenses of $25.0M. Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION's largest program accounts for 52% of total program spending.
HUMAN SERVICES: PROGRAMS AND SERVICES THAT PROVIDE DIRECT BENEFITS TO CLIENTS WHO ARE HOMELESS OR AT-RISK OF HOMELESSNESS.
HOUSING AND TRANSPORTATION: ACTIVITIES THAT INCREASE THE PRODUCTION AND SUPPLY OF DEEPLY AFFORDABLE AND SUPPORTIVE HOUSING.
General nonprofit support: Meeting basic needs for households at risk of or experiencing homelessness.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION's revenue has grown from $18.5M to $31.6M, a 70.9% increase. Program expenses represent 97% of total spending.
Revenue increased 8.8% year-over-year, while expenses declined 6.4%. net assets rose to $84.8M, up 8.3% from the prior year. the organization added 3 employees.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION derives 92% from contributions and grants, with 0% from program services, with 8% from investment income.
Revenue is heavily concentrated: 92% comes from contributions and grants, indicating limited diversification.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION allocates 97% to programs, 2% to management and general, 1% to fundraising.
Revenue grew by 8.8% while expenses declined by only 6.4%, suggesting improving operational efficiency.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION distributed $17.6M in grants to other organizations and individuals, representing 68% of total expenses.
Over 6 filings from 2019–2024, Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION grew revenue from $18.5M to $31.6M (+70.9%) while maintaining a program expense ratio of 97%.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION holds $86.6M in total assets against $1.8M in liabilities (debt-to-asset ratio of 2%). The organization has 39.3 months of operating reserves. Cash and equivalents of $2K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $31.6M | $29.1M | $4.6M | $69K | $2.4M |
| 2023 | $29.0M | $27.1M | $6.6M | $60K | $1.8M |
| 2022 | $29.2M | $28.4M | $15.8M | $102K | $767K |
| 2021 | $46.3M | $45.6M | $9.8M | $87K | $636K |
| 2020 | $63.0M | $61.8M | $13.9M | $40K | $1.1M |
| 2019 | $18.5M | $17.8M | $0 | $77K | $599K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $25.9M | $25.0M | $618K | $239K | $17.6M |
| 2023 | $27.6M | $26.9M | $508K | $182K | $20.1M |
| 2022 | $24.2M | $23.0M | $898K | $308K | $19.8M |
| 2021 | $32.1M | $29.4M | $1.4M | $1.3M | $21.8M |
| 2020 | $46.0M | $45.1M | $538K | $386K | $39.6M |
| 2019 | $9.2M | $8.5M | $450K | $327K | $7.4M |
Program Expense Ratio
96.7%
Admin Expense Ratio
2.4%
Fundraising Efficiency
12158.6%
Operating Reserve
39.3 mo
People & Compensation(Tax Year 2024)
25 records
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION reported compensation for 25 officers and key employees. Total officer compensation was $3.9M, representing 15.0% of total expenses. 2 individuals received total compensation exceeding $500,000.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $3.9M represents 15.0% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Nicole Taylor | Director/CEO of SVCF | Director | 0.50 | $0 | $1,177,663 | $1,268,486 |
| Jennifer Loving | President/Chief Executive Officer | OfficerDirector | 40.00 | $472,943 | $0 | $544,868 |
| Ray Bramson | Chief Operating Officer | Key Employee | 40.00 | $319,380 | $0 | $367,014 |
| Sarah Valencia | Chief Financial Officer | Officer | 0.50 | $0 | $322,125 | $357,983 |
| Chad Bojorquez | Chief Program Officer | Key Employee | 40.00 | $267,595 | $0 | $339,520 |
| David Low | Director, Policy and Communications | Highest Comp | 40.00 | $233,604 | $0 | $265,960 |
| Chelsea Muller | Communications and Public Policy Officer | Highest Comp | 40.00 | $155,571 | $0 | $197,608 |
| Maia Bookoff | Development Officer | Highest Comp | 40.00 | $167,894 | $0 | $186,182 |
| Claudine Sipili | Director, Lived Experience and Innovation | Highest Comp | 40.00 | $159,016 | $0 | $178,803 |
| Maureen Damrel | Senior Initiatives Officer | Highest Comp | 40.00 | $136,405 | $0 | $165,149 |
| Preston Prince | Director | Director | 0.50 | $0 | $0 | $0 |
| Roger Biscay | Director | Director | 0.50 | $0 | $0 | $0 |
| Ted Wang | Director | Director | 0.50 | $0 | $0 | $0 |
| Ky Le | Director/Treasurer | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Benjamin Spero | Director/Chair of Board | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Lee Wilcox | Director/Secretary | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Erik Solivan | Director/Secretary (Start 7/29/2024) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Janae Pina | Director (Start 7/29/2024) | Director | 0.50 | $0 | $0 | $0 |
| Alex Senegal | Director | Director | 0.50 | $0 | $0 | $0 |
| Dontae Lartigue | Director | Director | 0.50 | $0 | $0 | $0 |
| Gary Wipfler | Director | Director | 0.50 | $0 | $0 | $0 |
| Jan Bernstein Chargin | Director | Director | 0.50 | $0 | $0 | $0 |
| Joel John Roberts | Director | Director | 0.50 | $0 | $0 | $0 |
| John A Sobrato | Director | Director | 0.50 | $0 | $0 | $0 |
| Louis Chicoine | Director | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Jennifer Loving
Base Salary
$471,839
Bonus
—
Other Reportable
$1,104
Retirement/Deferred
$57,500
Nontaxable Benefits
$14,425
Nicole Taylor
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Sarah Valencia
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Chad Bojorquez
Base Salary
$266,491
Bonus
—
Other Reportable
$1,104
Retirement/Deferred
$57,500
Nontaxable Benefits
$14,425
Ray Bramson
Base Salary
$318,900
Bonus
—
Other Reportable
$480
Retirement/Deferred
$32,416
Nontaxable Benefits
$15,218
Maia Bookoff
Base Salary
$167,539
Bonus
—
Other Reportable
$355
Retirement/Deferred
$17,254
Nontaxable Benefits
$1,034
Maureen Damrel
Base Salary
$136,137
Bonus
—
Other Reportable
$268
Retirement/Deferred
$14,904
Nontaxable Benefits
$13,840
David Low
Base Salary
$233,125
Bonus
—
Other Reportable
$479
Retirement/Deferred
$23,428
Nontaxable Benefits
$8,928
Chelsea Muller
Base Salary
$155,226
Bonus
—
Other Reportable
$345
Retirement/Deferred
$16,887
Nontaxable Benefits
$25,150
Claudine Sipili
Base Salary
$158,526
Bonus
—
Other Reportable
$490
Retirement/Deferred
$11,277
Nontaxable Benefits
$8,510
Top Contractors(Tax Year 2024)
1 record
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION reported 1 contractor receiving over $100,000, with total contractor payments of $117K.
| Name | Service | Compensation |
|---|---|---|
| HOMEBASE | EVENT PLANNING SERVICES | $116,834 |
Governance & Compliance(Tax Year 2024)
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 16 members, 14 of whom are independent.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION's financial statements are audited, an audit committee oversees the process.
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
62 records
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION awarded $17.6M across 62 grants to organizations. Top recipients include Sacred Heart Community Service (San Jose, CA) — $6.0M for human services; Bay Area Housing Innovation Fund LLC (San Francisco, CA) — $5.0M for housing and transportation; County of Santa Clara Office of Supportive Housing (San Jose, CA) — $1.4M for housing and transportation.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Sacred Heart Community Service237179787 | San Jose, CA | $6.0M | Human Services |
| Bay Area Housing Innovation Fund LLC992594508 | San Francisco, CA | $5.0M | Housing and Transportation |
| County of Santa Clara Office of Supportive Housing946000533 | San Jose, CA | $1.4M | Housing and Transportation |
| Abode Property Management942650901 | Milpitas, CA | $500K | Housing and Transportation |
| African American Cultural Center800356346 | San Jose, CA | $450K | Human Services |
| Silicon Valley Community Foundation205205488 | Mountain View, CA | $400K | General Nonprofit Support |
| Charities Housing Development Corp of Santa Clara County770359848 | San Jose, CA | $320K | Housing and Transportation |
| City of Mountain View946000379 | Mountain View, CA | $300K | Housing and Transportation |
| Family Supportive Housing Inc770106237 | San Jose, CA | $260K | Human Services |
| Bill Wilson Center942221849 | Santa Clara, CA | $248K | Human Services |
| Razing the Bar800441705 | San Jose, CA | $220K | Human Services |
| St Josephs Family Center030391775 | Gilroy, CA | $210K | Human Services |
| City of San Jose946000419 | San Jose, CA | $180K | Housing and Transportation |
| Carry the Vision010952753 | Gilroy, CA | $170K | Human Services |
| The United Effort Organization Inc852290026 | Mountain View, CA | $152K | Human Services |
| Elevate Community Center862130650 | Santa Clara, CA | $145K | Human Services |
| Downtown Streets Inc205242330 | San Jose, CA | $138K | Human Services |
| Amigos De Guadalupe Center for Justice and Empowerment770555838 | San Jose, CA | $125K | Human Services |
| Latinos United for a New America465043077 | San Jose, CA | $115K | Human Services |
| Latinas Contra Cancer562412069 | San Jose, CA | $115K | Human Services |
Showing 20 of 62 grants.
Filing History(Tax Years 2018–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $31.6M | $25.9M | $84.8M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $29.0M | $27.6M | $78.3M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $29.2M | $24.2M | $75.9M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $46.3M | $32.1M | $70.9M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $63.0M | $46.0M | $56.9M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $18.5M | $9.2M | $39.6M |
| 2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION do?
DESTINATION: HOME'S MISSION IS TO MAKE HOMELESSNESS RARE, BRIEF, AND NON-RECURRING IN SANTA CLARA COUNTY.
How much revenue does Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION have?
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION reported $31,561,404 in total revenue for tax year 2024, up 8.8% from the prior year.
Who is the highest-paid executive at Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION?
Nicole Taylor, Director/CEO of SVCF, received $1,268,486 in total compensation as of tax year 2024.
Is Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION a 501(c)(3)?
Yes, Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION is classified as a 501(c)(3) tax-exempt organization.
Where is Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION located?
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION is headquartered in Mountain View, CA 94040.
How many employees does Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION have?
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION has 17 employees and 15 volunteers as of tax year 2024.
What type of nonprofit is Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION?
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION is classified under NTEE code L11 (Single Organization Support), within the Housing & Shelter category. It is a 501(c)(3) tax-exempt organization.
Is Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION audited?
Yes, Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION's financial statements are audited, and the organization has an audit committee.
How much does Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION spend on fundraising?
Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION reported $238,953 in fundraising expenses for tax year 2024, which represents 0.9% of total expenses.
Does Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION give grants?
Yes, Destination Home SV CO SILICON VALLEY COMMUNITY FOUNDATION distributed $17,609,706 in grants to other organizations and individuals in tax year 2024. Top recipients include Sacred Heart Community Service, Bay Area Housing Innovation Fund LLC, County of Santa Clara Office of Supportive Housing.
Data Source
Prepared by: Crowe LLP, Plano, TX
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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