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Nonprofit · EIN 85-1098163

FIRST COMMUNITY LAND

Tax-exempt · SANTA CLARA, CA 95054

Financials

$2K$2.5M2023−$7M$442K2024
Revenue Expenses · by fiscal year end
Financials of FIRST COMMUNITY LAND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-$6,952,118$442,218-$7,394,336$9,599,459$19,620,633-$10,021,174
December 31, 2023990$1,600$2,520,657-$2,519,057$16,652,958$19,279,796-$2,626,838
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,600
Program service revenue
$0
Investment income
-$6,953,718
Net gain from sales of assets
-$6,953,718
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
-$656
Accounting fees
$7,392
Program services (functional)
-$137,486
Management and general (functional)
$579,704

Balance sheet and other

Total assets, start of year
$16,652,958
Total assets, end of year
$9,599,459
Total liabilities, end of year
$19,620,633
Net assets, end of year
-$10,021,174
Land, buildings and equipment
$2,750,000
Net assets without donor restrictions
-$10,021,174
Gross receipts
$1,600
Employees
0
Volunteers
13
Year formed
2020
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL P SANTEROCOO
Key employee
2$0$314,706$53,033
BIANEY MARTINEZDIRECTOR OF ASSET MANAGER
Key employee
2$0$221,399$44,726
DAVID MUNSONDIRECTOR OF FINANCE (THRU 02/24)
Officer
0.5$0$42,122$7,173
KATHIE LEEINTERIM DIRECTOR OF FINANCE (START 02/24)
Officer
0.5$0$0$0
RICHARD L CONNIFFCHAIRMAN & CEO
Trustee or director, Officer
0.5$0$0$0
RU WEERAKOONVICE PRESIDENT
Trustee or director, Officer
0.5$0$0$0
DUNIA NOELSECRETARY
Trustee or director, Officer
0.5$0$0$0
ROBERT SHERRARDTREASURER
Trustee or director, Officer
0.5$0$0$0
BILL ANDERSONDIRECTOR
Trustee or director
0.5$0$0$0
KERMIT CONLEYDIRECTOR
Trustee or director
0.5$0$0$0
JOSH CROSSDIRECTOR
Trustee or director
0.5$0$0$0
GERRY DEYOUNGDIRECTOR
Trustee or director
0.5$0$0$0
JEFF GEEDIRECTOR
Trustee or director
0.5$0$0$0
MATTHEW JAMESDIRECTOR
Trustee or director
0.5$0$0$0
SUSAN MUYSENBERGDIRECTOR
Trustee or director
0.5$0$0$0
2 more people on this return
NameTitleHours / weekCompensation
PRESTON PRINCEDIRECTOR
Trustee or director
0.5$0
JOYCE RODGERDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GEOFFREY MORGANPRESIDENT/CEO OF FCH (THRU 06/23)
Officer
0.5$0$224,214$29,255
MICHAEL SANTERONON-VOTING VP & COO
Key employee
0.5$0$202,254$50,094
DAVID MUNSONDIRECTOR OF FINANCE OF FCH
Officer
0.5$0$191,526$48,591
GARY SCHOENNAUERCHAIRMAN OF THE BOD (THRU 06/23)
Trustee or director, Officer
0.5$0$0$0
RICHARD L CONNIFFCHAIRMAN/DIRECTOR/CEO
Trustee or director, Officer
0.5$0$0$0
RU WEERAKOONVP/DIRECTOR
Trustee or director, Officer
0.5$0$0$0
ROBERT SHERRARDTREASURER/DIRECTOR
Trustee or director, Officer
0.5$0$0$0
DUNIA NOELSECRETARY/DIRECTOR
Trustee or director, Officer
0.5$0$0$0
JAIME ANGULODIRECTOR (THRU 09/23)
Trustee or director
0.5$0$0$0
KERMIT CONLEYDIRECTOR
Trustee or director
0.5$0$0$0
JOSH CROSSDIRECTOR
Trustee or director
0.5$0$0$0
GERRY DEYOUNGDIRECTOR
Trustee or director
0.5$0$0$0
JEFF GEEDIRECTOR
Trustee or director
0.5$0$0$0
MATTHEW JAMESDIRECTOR
Trustee or director
0.5$0$0$0
SUSAN MUYSENBERGDIRECTOR
Trustee or director
0.5$0$0$0
JOYCE RODGERDIRECTOR
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
2755 AUGUSTINE DR STE 701, SANTA CLARA, CA 95054-2960
In care of
% GEOFFREY MORGAN
Principal officer (990 for 2024)
RICHARD CONNIFF, 75 E SANTA CLARA STREET 1175, SAN JOSE, CA 95113
Signed the 990
RICHARD CONNIFF, CHAIRMAN & CEO
Phone
(408) 291-8650
Return prepared by
ARMANINO ADVISORY LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 85-1098163 or by the name FIRST COMMUNITY LAND.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

SUPPORT THE MISSION OF FIRST COMMUNITY HOUSING (FCH), A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, BY FACILITATING THE PURCHASE AND OWNERSHIP OF REAL PROPERTY FOR THE FUTURE DEVELOPMENT OF SUBSIDIZED AFFORDABLE HOUSING BY FCH.

990 for the year ended December 31, 2024

Program accomplishments

  • FIRST COMMUNITY LAND INVESTS IN PROPERTY FOR THE DEVELOPMENT OF AFFORDABLE HOUSING APARTMENT COMPLEXES. IN JUNE 2020, FIRST COMMUNITY LAND PURCHASED A PARCEL OF LAND LOCATED IN MORGAN HILL, CALIFORNIA. THE LAND WAS TO BE DEVELOPED TO PROVIDE AFFORDABLE HOUSING. IN 2023, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH EDEN HOUSING TO JOINTLY DEVELOP THE PROPERTY. THE JOINT VENTURE IS CURRENTLY, IN AUGUST 2025, ARRANGING FINANCING TO FURTHER DEVELOPMENT AND COMMENCE CONSTRUCTION UNDER THE MANAGEMENT OF EDEN HOUSING AT WHICH POINT OWNERSHIP OF THE LAND WILL BE TRANSFERRED FROM FIRST COMMUNITY LAND.
    Expenses -$137,486

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1098163
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type II
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$9,599,459
Income (IRS master file)
$1,600

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024-$6,952,118$442,218$9,599,459XML
990December 2023$1,600$2,520,657$16,652,958XML
990December 2022$0$31,533$18,421,365IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1098163).

Questions about FIRST COMMUNITY LAND

What is the EIN of FIRST COMMUNITY LAND?
The employer identification number (EIN) of FIRST COMMUNITY LAND is 85-1098163.
Is FIRST COMMUNITY LAND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to FIRST COMMUNITY LAND tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FIRST COMMUNITY LAND file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FIRST COMMUNITY LAND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST COMMUNITY LAND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FIRST COMMUNITY LAND?
The 990 for the year ended December 31, 2024 names RICHARD CONNIFF.
Who are the officers and directors of FIRST COMMUNITY LAND?
The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
How much revenue does FIRST COMMUNITY LAND have?
On its 990 for the year ended December 31, 2024 it reported revenue of -$6,952,118, expenses of $442,218 and total assets of $9,599,459 at year end.

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