Overview
What is Mission Economic Development Agency?
The Mission Economic Development Agency (MEDA) is a San Francisco-based nonprofit organization, specifically located at 2301 Mission Street 301. Established with a mission to strengthen low- and moderate-income Latinx families and promote economic equity and social justice, MEDA has focused on asset building and community development since its inception. MEDA's efforts have primarily revolved around preserving and producing affordable housing. Beginning in 2016, they have collaborated with other local housing developers to acquire or construct affordable housing apartment buildings, with the assistance of the City and County of San Francisco. In addition, since 2015, MEDA and its subsidiaries have acquired and rehabilitated 34 "small sites" in the Mission District of San Francisco, with the goal of preserving existing affordable housing. The organization's workforce consists of 118 employees.
Official website here: www.medasf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Mission Economic Development Agency (MEDA) has received a Three-Star rating from Charity Navigator, indicating a solid level of transparency and accountability. The organization boasts a high Culture & Community Score of 100, reflecting its commitment to fostering a supportive environment. The majority of its board members are independent, which enhances its governance and decision-making processes.
On the financial side, MEDA demonstrates a Program Expense Ratio of 69.53%, signaling that a significant portion of its funds is directed towards program services rather than administrative costs. The charity has robust policies in place, including a whistleblower policy and a conflict of interest policy, which are crucial for maintaining integrity and trust. Additionally, the organization has scored well in audit and oversight measures, indicating sound financial practices.
However, the organization faces a limitation with a Liabilities to Assets Ratio of 91.31%, which suggests potential financial vulnerabilities. While the agency performs admirably in many areas, it may need to address its financial stability to ensure long-term sustainability and impact. Overall, MEDA shows strong governance and community engagement but should focus on managing its liabilities effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Economic Development Agency legitimate?
Mission Economic Development Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Economic Development Agency 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: $1,237,867
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,260,102
For more financial information, click here
Official website here: www.medasf.org
What is the mission statement of Mission Economic Development Agency?
The Mission Economic Development Agency (MEDA) is dedicated to enhancing the economic equity and social justice of low- and moderate-income families, primarily focusing on Latinx communities. Through asset building and community development, MEDA is contributing to a larger national equity movement. MEDA's efforts include preserving and producing affordable housing through partnerships with other non-profit housing developers. Since 2015, they have worked alongside the City and County of San Francisco to acquire and build affordable housing apartment buildings. Moreover, MEDA and its subsidiaries have been acquiring and rehabilitating "small sites" in their objective to preserve existing affordable housing. As of December 31, 2022, they have successfully acquired 34 such properties.
Official website here: www.medasf.org
Who is the CEO of Mission Economic Development Agency?
Luis Granados is the Ceo of Mission Economic Development Agency. The CEO's salary of Mission Economic Development Agency is $356,698 and their total compensation is $398,823.
Official website here: www.medasf.org
What is the revenue of Mission Economic Development Agency?
Mission Economic Development Agency's revenue in 2022 was $26,896,587.
Official website here: www.medasf.org
Who are the executives of Mission Economic Development Agency and what are their salaries?
The average compensation at Mission Economic Development Agency during 2022 was $72,017. There are 118 employees and 86 volunteers at Mission Economic Development Agency.
Here are 20 key members and their salaries (Mission Economic Development Agency's CEO's salary is $356,698 and their total compensation is $398,823):
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- Compensation: $356,698
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- Other: $42,125
- Compensation: $195,425
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- Other: $31,484
- Compensation: $186,690
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- Other: $13,740
- Compensation: $175,493
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- Other: $28,753
- Compensation: $185,516
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- Other: $21,944
- Compensation: $158,488
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- Other: $7,823
- Compensation: $154,199
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- Other: $4,876
- Compensation: $149,749
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- Other: $16,887
- Compensation: $147,845
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- Other: $8,815
- Compensation: $141,949
- Related: $0
- Other: $32,717
Official website here: www.medasf.org
Where can I find the form 990 for Mission Economic Development Agency?
Mission Economic Development Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medasf.org
Learn more at the official website: www.medasf.org
Mission Statement of Mission Economic Development Agency
Mission Economic Development Agency (MEDA) is a nonprofit organization deeply rooted in the heart of San Francisco, with a mission to fortify low- and moderate-income Latin families by championing economic equity and social justice through asset building and community development. MEDA's commitment extends beyond San Francisco, contributing to a national equity movement as they foster Latino prosperity, community ownership, and civic power.
MEDA's community-focused initiatives begin with its Real Estate Program, which prioritizes the preservation and production of affordable housing. Since 2015, the organization has collaborated with other San Francisco-based nonprofit housing developers to acquire or construct affordable housing apartment buildings. In 2016, with the support of the city and county of San Francisco, MEDA and its subsidiaries embarked on the acquisition and rehabilitation of "small sites" in San Francisco's Mission District to preserve existing affordable housing. As of December 31, 2022, MEDA and its subsidiaries have acquired 34 small sites' properties, each thoughtfully designed to protect affordable living options for residents.
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Impact
October, 2024
The Mission Economic Development Agency (MEDA) significantly impacts low- and moderate-income Latino families in San Francisco by promoting economic equity and social justice. With a strong focus on asset building and community development, MEDA works to strengthen families through various programs.
One of the agency's primary efforts is its Community Real Estate Program, which aims to preserve and produce affordable housing. Since 2015, MEDA has collaborated with local nonprofit housing developers to acquire or construct affordable apartment buildings. This initiative is crucial, particularly in San Francisco's rapidly changing housing market.
Beginning in 2016, MEDA partnered with the City and County of San Francisco to rehabilitate "small sites" in the Mission District, focusing on preserving existing affordable housing. As of December 31, 2022, MEDA and its subsidiaries have successfully acquired 34 such properties, ensuring that low-income families have access to stable housing options.
By fostering community ownership and civic power, MEDA is rooted in the Mission District and advances broader national equity movements, ultimately contributing to the prosperity of the Latino community in San Francisco.
This information is meant to be a general summary of Mission Economic Development Agency. 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: $6,868
- Program Service Revenue: $7,369,837
- Gross Receipts: $27,164,636
Assets and Liabilities:
- Total Assets: $192,408,729
- Total Liabilities: $175,697,478
- Net Assets: $16,711,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,630,276
DEVELOPER FEES
Revenue
$1,136,624
OTHER INCOME
Revenue
$336,093
REAL ESTATE TAX REIMURSEMENT
Revenue
$266,844
Organization Details
Founding Year
1973
Phone
(415) 282-3334Principal Officer
Luis Granados
Main Address
2301 MISSION STREET 301, SAN FRANCISCO, CA, 94110
Website
www.medasf.orgNTEE Category
Code: S31 - Community improvement
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