First Community Land
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
- Only -31% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
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.
- Income
- $-7.0 million
- Spending
- $442,218
- Spent on programs
- -31%
- Reserves
- -346.6 months of spending
- Employees
- 0
- Volunteers
- 13
- Highest pay
- $367,739, coo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 0 out of 100. Higher than 0% of charities in its peer group (housing, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 204% of what it owns.
Income trend
0 of 15Income fell 434607% on the year before.
Spending floor
0 of 15-31% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 94 out of 100. Higher than 80% of charities in its peer group (housing, under $250k).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.