Real Estate Trust at Silicon Valley Community Foundation
DBA: The Real Estate Trust
TO SUPPORT THE SILICON VALLEY COMMUNITY FOUNDATION BY FACILITATING GIFTS OF REAL PROPERTY AND ENGAGING IN THE SAME CHARITABLE PURPOSES AS THE SILICON VALLEY COMMUNITY FOUNDATION.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$22K
Total Expenses
$52K
Net Assets
$2.5M
Employees
0
Volunteers
2
Grants Paid
$3K
Program Expense Ratio
4.9%
This nonprofit profile presents IRS Form 990 tax filing data for Real Estate Trust at Silicon Valley Community Foundation (EIN: 04-3701887), 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, 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.
Real Estate Trust at Silicon Valley Community Foundation is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 2002. The organization has held tax-exempt status since 2003. In its 2024 filing, the organization reported $22K in total revenue, a 105.8% increase from the prior year, and $52K in total expenses. The organization engaged 2 volunteers. Elizabeth A Carey, President, is the highest-compensated individual at $644,448. The organization runs 1 program, totaling $3K in program expenses. 4 of 6 recommended governance policies are in place.
Real Estate Trust at Silicon Valley Community Foundation is classified under NTEE code T113. Its foundation type is 17.
Programs(Tax Year 2024)
1 record
Real Estate Trust at Silicon Valley Community Foundation operates 1 program, with total program expenses of $3K. Real Estate Trust at Silicon Valley Community Foundation's largest program accounts for 100% of total program spending.
THE ORGANIZATION ACCEPTS GIFTS OF PROPERTY THAT ARE SOLD AND THE PROCEEDS ARE USED FOR CHARITABLE PURPOSES. LOCAL NONPROFITS THAT HAVE DONORS WHO WOULD LIKE TO GIVE REAL ESTATE BUT DO NOT HAVE THE RESOURCES TO ACCEPT REAL ESTATE GIFTS MAY WORK WITH THE ORGANIZATION WHICH WILL ACCEPT, LIQUIDATE, AND SEND THE REAL ESTATE PROCEEDS TO THE NONPROFIT.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Real Estate Trust at Silicon Valley Community Foundation's revenue has declined from $12.9M to $22K, a 99.8% decrease. Program expenses represent 5% of total spending.
Revenue increased 105.8% year-over-year, while expenses declined 92.5%. net assets rose to $2.5M, up 7.1% from the prior year.
Real Estate Trust at Silicon Valley Community Foundation derives 100% from investment income.
Real Estate Trust at Silicon Valley Community Foundation allocates 5% to programs, 95% to management and general.
Revenue grew by 105.8% while expenses declined by only 92.5%, suggesting improving operational efficiency.
Real Estate Trust at Silicon Valley Community Foundation distributed $3K in grants to other organizations and individuals, representing 5% of total expenses.
Over 6 filings from 2019–2024, Real Estate Trust at Silicon Valley Community Foundation declined revenue from $12.9M to $22K (-99.8%) while maintaining a program expense ratio of 5%.
Real Estate Trust at Silicon Valley Community Foundation holds $4.3M in total assets against $1.7M in liabilities (debt-to-asset ratio of 41%). The organization has 574.8 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $22K | $0 | $0 | $0 | $22K |
| 2023 | $-380K | $0 | $0 | $0 | $-380K |
| 2022 | $-1.5M | $1.1M | $0 | $0 | $-2.5M |
| 2021 | $1.3M | $1.3M | $0 | $0 | $2K |
| 2020 | $116.9M | $117.1M | $0 | $0 | $-2.1M |
| 2019 | $12.9M | $14.1M | $0 | $0 | $-1.2M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $52K | $3K | $50K | $0 | $3K |
| 2023 | $697K | $666K | $31K | $0 | $660K |
| 2022 | $16.4M | $16.2M | $161K | $0 | $16.2M |
| 2021 | $1.6M | $923K | $630K | $0 | $923K |
| 2020 | $103.1M | $102.7M | $405K | $0 | $102.6M |
| 2019 | $10.9M | $10.8M | $143K | $0 | $10.8M |
Program Expense Ratio
4.9%
Admin Expense Ratio
95.1%
Fundraising Efficiency
—
Operating Reserve
574.8 mo
People & Compensation(Tax Year 2024)
5 records
Real Estate Trust at Silicon Valley Community Foundation reported compensation for 5 officers and key employees. Total officer compensation was $1.5M, representing 2944.6% of total expenses. 2 individuals received total compensation exceeding $500,000.
Real Estate Trust at Silicon Valley Community Foundation's highest-compensated individual received $644K in total compensation. Total officer compensation of $1.5M represents 2944.6% of total expenses. 2 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Elizabeth A Carey | President | OfficerDirector | 0.50 | $0 | $570,212 | $644,448 |
| Chanthi Lune | Secretary/Treasurer | OfficerDirector | 0.50 | $0 | $493,848 | $542,491 |
| Sarah Valencia | Treasurer | Officer | 0.50 | $0 | $322,125 | $357,983 |
| Brad Smith | Director | Director | 0.50 | $0 | $0 | $0 |
| Robert Allen | Director | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Elizabeth A Carey
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Chanthi Lune
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Sarah Valencia
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Real Estate Trust at Silicon Valley Community Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 4 members, 2 of whom are independent.
Real Estate Trust at Silicon Valley Community Foundation's financial statements are audited, an audit committee oversees the process.
Real Estate Trust at Silicon Valley Community Foundation delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2003–2024)
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 | $22K | $52K | $2.5M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $-380K | $697K | $2.3M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $-1.5M | $16.4M | $3.6M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $1.3M | $1.6M | $21.8M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $116.9M | $103.1M | $22.9M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $12.9M | $10.9M | $8.6M |
| 2003–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Real Estate Trust at Silicon Valley Community Foundation do?
TO SUPPORT THE SILICON VALLEY COMMUNITY FOUNDATION BY FACILITATING GIFTS OF REAL PROPERTY AND ENGAGING IN THE SAME CHARITABLE PURPOSES AS THE SILICON VALLEY COMMUNITY FOUNDATION.
How much revenue does Real Estate Trust at Silicon Valley Community Foundation have?
Real Estate Trust at Silicon Valley Community Foundation reported $21,903 in total revenue for tax year 2024, up 105.8% from the prior year.
Who is the highest-paid executive at Real Estate Trust at Silicon Valley Community Foundation?
Elizabeth A Carey, President, received $644,448 in total compensation as of tax year 2024.
Is Real Estate Trust at Silicon Valley Community Foundation a 501(c)(3)?
Yes, Real Estate Trust at Silicon Valley Community Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Real Estate Trust at Silicon Valley Community Foundation located?
Real Estate Trust at Silicon Valley Community Foundation is headquartered in Mountain View, CA 94040.
Is Real Estate Trust at Silicon Valley Community Foundation audited?
Yes, Real Estate Trust at Silicon Valley Community Foundation's financial statements are audited, and the organization has an audit committee.
Does Real Estate Trust at Silicon Valley Community Foundation give grants?
Yes, Real Estate Trust at Silicon Valley Community Foundation distributed $2,564 in grants to other organizations and individuals in tax year 2024.
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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