Overview
What is Midpen Housing Corporation?
Midpen Housing Corporation is a California-based nonprofit organization that focuses on developing and managing safe and affordable housing for low- and very-low income individuals and families, including the elderly and disabled. The corporation's mission, in conjunction with related organizations, is to provide quality housing, create stability, and foster diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. By offering affordable housing, Midpen Housing Corporation aims to make a difference in the lives of those in need and contribute to the establishment of thriving, inclusive communities.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Midpen Housing Corporation has achieved an impressive 96% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. This high score is derived solely from its exemplary performance in the Accountability & Finance category, which is crucial for potential donors assessing the organization’s integrity and efficacy.
The organization boasts an independent board composed entirely of 14 members, receiving full marks for both board member independence and size. Additionally, it has a robust framework for financial oversight, with a dedicated audit and oversight committee, and demonstrates transparency through well-documented policies on conflicts of interest and whistleblower protections. Other indicators of financial health include a low liabilities-to-assets ratio and a high percentage of expenses directed towards its programs.
While the data showcases Midpen Housing Corporation's strengths in governance and fiscal responsibility, no significant limitations were noted in the feedback. This positions the organization as a trustworthy choice for potential supporters looking to invest in housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Midpen Housing Corporation legitimate?
Midpen Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midpen Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,430,120
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Midpen Housing Corporation?
Midpen Housing Corporation, in collaboration with related organizations, strives to provide safe and affordable housing of high quality to those in need. The corporation aims to create stability and opportunities for residents, enabling them to live in dignity and harmony. By fostering diverse communities, Midpen Housing Corporation allows individuals from various ethnic, social, and economic backgrounds to coexist in mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Midpen Housing Corporation?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Midpen Housing Corporation. The CEO's salary of Midpen Housing Corporation is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Midpen Housing Corporation?
Midpen Housing Corporation's revenue in 2022 was $62,012,587.
Official website here: www.midpen-housing.org
Who are the executives of Midpen Housing Corporation and what are their salaries?
Here are 19 key members and their salaries (Midpen Housing Corporation's CEO's salary is $0 and their total compensation is $660,095):
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- Related: $606,526
- Other: $53,569
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- Related: $402,180
- Other: $21,754
- Compensation: $0
- Related: $420,159
- Other: $55,781
- Compensation: $0
- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Midpen Housing Corporation?
Midpen Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midpen-housing.org
Learn more at the official website: www.midpen-housing.org
Mission Statement of Midpen Housing Corporation
Midpen Housing Corporation, a mission-driven organization, strives to provide safe and affordable housing of superior quality to individuals in need. In collaboration with related organizations, this corporation sets out to establish stability and opportunities in the lives of residents, fostering diverse communities that promote dignity, harmony, and mutual respect among people from diverse ethnic, social, and economic backgrounds.
The core mission of Midpen Housing Corporation revolves around addressing the housing needs of those less fortunate. By supplying secure and affordable housing, the organization lays the foundation for residents to focus on personal growth and development, ultimately enhancing their overall well-being. The diverse communities cultivated by Midpen Housing Corporation bring together individuals from all walks of life, providing an environment conducive to learning, understanding, and respect among its inhabitants.
Moreover, Midpen Housing Corporation is not just about providing a roof over people's heads; it is about creating an inclusive and supportive living environment. By fostering diverse communities, the organization empowers its residents to live in harmony and mutual respect, allowing them to build fulfilling lives while contributing positively to society. In essence, Midpen Housing Corporation is more than just a housing provider; it is a beacon of hope and opportunity for countless individuals seeking a stable and dignified living situation.
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Impact
October, 2024
Midpen Housing Corporation significantly impacts the community by developing and operating high-quality, safe, and affordable housing for low- and very-low-income individuals and families, including the elderly and disabled. Through its initiatives, it establishes stability and provides opportunities for residents to improve their quality of life. This organization fosters diverse communities that encourage individuals from all ethnic, social, and economic backgrounds to coexist in dignity and mutual respect. The work of Midpen Housing Corporation not only addresses immediate housing needs but also contributes to long-term community resilience and inclusivity, ultimately enhancing the social fabric of the regions it serves, such as Foster City, CA.
This information is meant to be a general summary of Midpen Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,717,353
- Program Service Revenue: $29,760,405
- Gross Receipts: $86,802,246
Assets and Liabilities:
- Total Assets: $303,587,001
- Total Liabilities: $45,936,433
- Net Assets: $257,650,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$28,316,489
RENTAL INCOME
Revenue
$1,434,643
MISC. INCOME
Revenue
$9,273
Organization Details
Founding Year
1970
Phone
(650) 356-2900Principal Officer
Matthew O Franklin
Main Address
303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA, 94404
Website
www.midpen-housing.orgNTEE Category
Code: L210 - Housing
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