Overview
What is Vivente 2 Inc?
Vivente 2 Inc is a nonprofit organization situated in Foster City, California. With a focus on social responsibility, they offer 29 affordable rental units specifically tailored for low-income and disabled individuals. As part of their mission, in collaboration with related organizations like Midpen Housing Corporation, they strive to provide high-quality and safe housing, establish stability and opportunities for residents, and foster diverse communities where individuals from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Vivente 2 Inc holds a Three-Star rating from Charity Navigator, indicating a relatively strong performance in terms of accountability and finance. With an overall score of 81%, the organization has demonstrated effective financial practices and governance structures that are in compliance with best practices.
Strengths of Vivente 2 Inc include its fully independent board, consisting of 14 members, and a program expense ratio of 94.03%, which shows that the majority of funds are directed towards its programs rather than administrative costs. The organization excels in multiple accountability metrics, such as having no material diversion of assets and fully compliant policies regarding conflict of interest, whistleblower protections, and document retention.
While the organization performs well in several areas, the rating suggests room for improvement in aspects not fully detailed in the data. However, the strong financial management and governance practices provide a positive view of the nonprofit's operations and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Vivente 2 Inc legitimate?
Vivente 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vivente 2 Inc 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: $48,599
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Vivente 2 Inc?
Vivente 2 Inc, in collaboration with related organizations, strives to achieve its mission. This mission involves providing residents with safe, high-quality, and affordable housing. The primary goal is to establish stability and opportunities in the lives of the individuals residing in these properties. Furthermore, the organization aims to foster diverse communities that encourage mutual respect and harmony, allowing people from various ethnic, social, and economic backgrounds to live in dignity.
Official website here: www.midpen-housing.org
Who is the CEO of Vivente 2 Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Vivente 2 Inc. The CEO's salary of Vivente 2 Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Vivente 2 Inc?
Vivente 2 Inc's revenue in 2022 was $629,059.
Official website here: www.midpen-housing.org
Who are the executives of Vivente 2 Inc and what are their salaries?
Here are 19 key members and their salaries (Vivente 2 Inc'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
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- 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 Vivente 2 Inc?
Vivente 2 Inc'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 Vivente 2 Inc
Vivente 2 Inc, a nonprofit organization, is committed to providing affordable rental housing for individuals with low income and disabilities. In alignment with related organizations, Midpen Housing Corporation, Vivente 2 Inc's mission is multifaceted. It aims to provide residents with safe and high-quality housing, thereby establishing stability and opportunities in their lives. Additionally, the organization strives to foster diverse communities, where individuals from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. By offering affordable housing, Vivente 2 Inc plays an essential role in promoting inclusivity and equality, ensuring that everyone has a place to call home.
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Impact
July, 2024
Vivente 2 Inc's impact is significant in providing affordable rental housing for low-income and disabled persons in Foster City, California. By offering 29 rental units specifically tailored for those in need, the organization plays a crucial role in ensuring housing stability and opportunity for vulnerable populations. Vivente 2 Inc, in partnership with related organizations like MidPen Housing Corporation, contributes to creating diverse communities where individuals from various backgrounds can live with dignity, harmony, and mutual respect. This impactful work aligns with the broader mission of enhancing the quality of life for residents and fostering inclusivity within the community.
This information is meant to be a general summary of Vivente 2 Inc. 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: $3,591
- Program Service Revenue: $158,708
- Gross Receipts: $630,854
Assets and Liabilities:
- Total Assets: $4,273,976
- Total Liabilities: $4,037,561
- Net Assets: $236,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$156,228
OTHER INCOME
Revenue
$2,480
Organization Details
Founding Year
1985
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: P70Z - Human services
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