Aslan Housing Foundation

Redwood City, CA   |  www.aslan.org

Mission

Aslan is Type III Functionally Integrated Supporting Organization of Peninsula Covenant Church (PCC). Aslan acquires assets, provides confidential housing coaching, and co-creates innovative, long-term, equity-based housing solutions with people who serve the mission of PCC (ministry, preschool, child care, PE, community center, youth development, literacy, arts, fitness).

Notes from the nonprofit

Thanks for reading! We strive to provide innovative, long-term, equity-based housing solutions to ministry professionals in Silicon Valley. We welcome your questions, comments, and ideas. If you have a heart for housing or ministry, consider reaching out to discuss ways you can advance this important work. [email protected] or 650-569-0909 Blessings!

Ruling year info

2018

Co-Founder/CEO/President

Nicole Marie Bergeron

Main address

3560 Farm Hill Blvd

Redwood City, CA 94061 USA

Show more contact info

EIN

83-0913511

NTEE code info

Housing Expense Reduction Support, Rent Assistance (L82)

Single Organization Support (W11)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Housing prices are insane in Silicon Valley. This fact is the single greatest strategic threat to Bay Area ministry. Aslan has two main programs to address this crisis: 1. Donors to Aslan provide long-term housing pathways out of the rental market and into ownership opportunities for ministry staff (pastors, youth workers, preschool teachers, etc...) Steps on the path include Below-Market Rentals, land trusts, and equity shares. 2. Volunteers coach ministry staff on financial wellness and how to save for a house.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Staff Housing Coaching

To assist staff of all ages and life stages, Aslan provides 1:1 housing coaching. We listen to employee's housing narratives, in a safe, confidential manner to learn stories from three layers: personal, positional, and private. We help staff design strategies to ensure they can meet their housing goals and timeline. We listen to what types of solutions are needed by staff so we can co-create appropriate options.

Population(s) Served

Aslan partners with ministry professionals in equity shares, down payment assistance, and land-trust model/durably affordable homes. Our goal is to transition ministry professionals out of rental homes into the real estate market whenever possible to build their families' futures.

Population(s) Served

Our donors are primarily from the PCC congregation. Aslan finds creative ways for people of all income levels to support housing solutions for ministry professionals. By creating a market for people to give cash, stock, homes, estates, and talent, Aslan disciples donors to think broadly about ways they can give. Aslan does not accept gifts in lieu of tithes and offerings for the general mission of PCC.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of people no longer living in unaffordable, overcrowded housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Pathways to Home Ownership

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

People who have left market rentals (with high rents and/or unsatisfactory conditions such as square footage, commute distance, neighborhood quality)

Number of homebuyers/tenants with low incomes receiving housing subsidies as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Pathways to Home Ownership

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Five singles. One family with two adults and one child.

Number of applications for housing received from targeted population

This metric is no longer tracked.
Totals By Year
Related Program

Pathways to Home Ownership

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The ten applications represent 17 people. Three families. Six singles.

Number of children and youth who have received access to stable housing

This metric is no longer tracked.
Totals By Year
Related Program

Pathways to Home Ownership

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Total number of counseling sessions performed

This metric is no longer tracked.
Totals By Year
Related Program

Staff Housing Coaching

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Coachees receive guidance about how to balance competing financial priorities in the quest to save for a down payment. Coachees also learn about investing, affordable housing pathways, and tax breaks.

Number of low-income units in market-rate neighborhood

This metric is no longer tracked.
Totals By Year
Related Program

Pathways to Home Ownership

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Five landlords offered housing at below-market rates. Two were new to the ecosystem.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Aslan and its donors have four core goals:

Goal 1: God to be glorified.

Goal 2: Ministry staff to thrive at work and at home so Silicon Valley can flourish in the love of God and the Gospel of Christ.

Goal 3: Provide housing solutions that ministry staff can afford on a pathway to home ownership.

Goal 4: Invite donors and investors to participate in this important work.

On the housing continuum from market-rate rentals (where ministry staff rapidly lose ground) to independent homeownership (which is exceptionally difficult ), Aslan works in the middle by creating steps on the path from one extreme to the other.

Step 1: Below-Market Rentals. Aslan works with landlords to offer quality housing at below-market rates to stabilize what staff are paying.

Step 2: Land Trusts. Community land trust models of durable affordability allow ministry professionals to purchase 'only' the home on land owned by Aslan. This smaller purchase requires less down and a smaller mortgage. The resale is capped at gains related to the increase in pay scales of staff. and For example, the home is sold to a preschool teacher and then resold to the next preschool teacher at a price that has kept pace with preschool salaries (not the housing market). This provides durable affordability. While there is less upside for the seller, it provides ongoing purchasing power for successive staff buyers.

Step 3: Home equity shares. Aslan supplements staff down payments in exchange for a proportional share of the gain/loss upon sale/exit.

Aslan does not provide rental assistance to third-party landlords as that money is lost to the Aslan ecosystem.

Aslan's Board is comprised of leaders with deep knowledge of philanthropy, governance, housing, finance, insurance, zoning, public policy, and law. Aslan has a committed team of volunteers and professionals in real estate and construction.

The congregation has significant untapped financial resources. Aslan is able to leverage private institutional philanthropy from organizations working to fund affordable housing strategies.

CEO Nicole Marie Bergeron is an experienced nonprofit and foundation executive with over 25 years of experience in Silicon Valley.

All Aslan Board Members are members of PCC. 2/3 live in Redwood City. One half are former Officers of PCC. All have a deep knowledge of the community and our staff needs.

Aslan coaches are experienced financial coaches (Dave Ramsey's Financial Peace University leaders), CPAs, and investors.

Incorporated in June 2018. Obtained our tax-exemption in August 2018

Raising funds: over $800K

All full-time staff have been offered coaching. Younger staff (20-30s) are deeply encouraged, budgeting, and thinking deeply about their future housing goals and how to get there.

Landlords have come forward and young staffers are in affordable, beautiful home shares.

Our real estate team is identifying a duplex for purchase for our first land trust/equity share.

Three surveys of staff and the congregation have provided loads of actionable data to make sure Aslan is effective.

Aslan is working with PCC's Housing Committee to provide solutions in furtherance of its new Housing Policy. Lots of collaboration!

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Community meetings/Town halls, Suggestion box/email,

  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To strengthen relationships with the people we serve,

  • What significant change resulted from feedback?

    Our November 2019 survey of the people we serve had two huge data points that were new actionable insights: 1. 67% are willing to commute 10 or more miles to get into an ownership position. Whereas we had been focused on a distance of 5 miles or less. There is way more affordability in the distance range people gave us. Great news! 2. 82% are willing to sacrifice ‘upside’ if it makes owning a home possible. This makes it far easier to attract investors. Now we know we can give a little bit more upside to investors which makes Aslan deals for more attractive. This will in turn enable us to get more people into homeownerhip positions.

  • With whom is the organization sharing feedback?

    The people we serve, Our staff, Our board, Our funders, Our community partners,

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, It is difficult to find the ongoing funding to support feedback collection,

Financials

Aslan Housing Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Aslan Housing Foundation

Board of directors
as of 6/13/2020
SOURCE: Self-reported by organization
Board chair

Doug Morton

Woodruff Sawyer

Term: 2018 - 2022

Daniela Pedley

Summit Trail Advisors

Scott Armienti

Gunderson Dettmer

Scott Tyndall

Tyndall Construction

Andy Chang

City of Mountain View

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable