Overview
What is Mid-Peninsula Woodlands Corporation?
Mid-Peninsula Woodlands Corporation is a nonprofit organization situated in Foster City, California. Its primary mission is to support the development of affordable housing for low-income families. This is achieved through providing short-term loans, assisting in the development process, reducing the burden on local governments, and eventually selling or renting these properties to eligible buyers and tenants. In collaboration with related organizations, Mid-Peninsula Woodlands Corporation strives to provide high-quality, safe, and affordable housing, foster stability and opportunities in the lives of residents, and promote diverse communities that encourage respect among individuals from various ethnic, social, and economic backgrounds. The corporation serves as the general partner in EPA Woodlands Associates, which manages an apartment complex for these families.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating. This rating indicates that Mid-Peninsula Woodlands Corporation demonstrates a good level of accountability and finance management, earning them a solid score primarily based on their financial practices.
The organization's strengths lie in its strong governance structure, with 100% of board members being independent and a high level of transparency in their financial reporting. They have implemented essential policies, including conflict of interest and whistleblower protections, which contribute to their high accountability score. Furthermore, their program expense ratio is impressive at 98.25%, indicating that the vast majority of their funds are directed towards their programs and initiatives.
Despite the positive aspects, the overall rating reflects solely on the Accountability & Finance domain, suggesting there may be limited data regarding other operational metrics. While they excel in financial transparency and governance, potential donors may seek additional insights into program effectiveness and impact, which are not captured in this rating. Overall, the organization demonstrates responsible financial stewardship but may benefit from providing more comprehensive performance metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula Woodlands Corporation legitimate?
Mid-Peninsula Woodlands Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula Woodlands 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: $0
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Mid-Peninsula Woodlands Corporation?
Mid-Peninsula Woodlands Corporation, in conjunction with related organizations, aims to provide safe and high-quality affordable housing for individuals in need. The corporation's mission is also focused on establishing stability and opportunities in the lives of its residents. Furthermore, Mid-Peninsula Woodlands Corporation seeks to foster diverse communities that promote mutual respect and harmony among people from various ethnic, social, and economic backgrounds. By doing so, the corporation aims to allow these individuals to live in dignity. Additionally, the corporation assists non-profit sponsors in the development of low and moderate income housing and lessens the burden on local governments by acquiring, owning, and operating such housing. Qualified buyers can purchase, and qualified tenants can rent these housing units from the corporation.
Official website here: www.midpen-housing.org
Who is the CEO of Mid-Peninsula Woodlands Corporation?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula Woodlands Corporation. The CEO's salary of Mid-Peninsula Woodlands Corporation is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula Woodlands Corporation?
Mid-Peninsula Woodlands Corporation's revenue in 2022 was $22,017.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula Woodlands Corporation and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula Woodlands Corporation's CEO's salary is $0 and their total compensation is $660,095):
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- Related: $606,526
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- Other: $42,379
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- Related: $420,159
- Other: $55,781
- Compensation: $0
- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Mid-Peninsula Woodlands Corporation?
Mid-Peninsula Woodlands 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 Mid-Peninsula Woodlands Corporation
Mid-Peninsula Woodlands Corporation, in collaboration with related organizations, aims to deliver safe, high-quality, affordable housing to individuals in need. This mission serves to establish stability and opportunities in the lives of its residents, fostering diverse communities where individuals from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect. Additionally, the corporation's objective is to lessen the burden on local governments by acquiring, owning, and operating low and moderate income housing. Ultimately, Mid-Peninsula Woodlands Corporation sells qualifying properties to eligible buyers and leases homes to eligible tenants, further contributing to the provision of affordable housing solutions.
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Impact
October, 2024
Mid-Peninsula Woodlands Corporation significantly impacts the community by facilitating the development of affordable housing for low and moderate-income families. Through the provision of short-term loans and assistance to nonprofit sponsors, the organization plays a crucial role in bridging the gap in housing availability. By acquiring, owning, and operating low-income housing, it alleviates the burden on local governments, ensuring that essential housing needs are met.
The corporation operates properties like the EPA Woodlands Associates apartment complex, which directly benefits low-income families by providing safe, affordable living conditions. Its mission to offer high-quality housing fosters stability, opportunity, and diversity within the community. By promoting an inclusive environment where individuals from various backgrounds can thrive with dignity and mutual respect, Mid-Peninsula Woodlands Corporation helps cultivate vibrant neighborhoods and empowers residents to improve their quality of life.
This information is meant to be a general summary of Mid-Peninsula Woodlands 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: $12,017
- Program Service Revenue: $10,000
- Gross Receipts: $22,017
Assets and Liabilities:
- Total Assets: $262,536
- Total Liabilities: $509,826
- Net Assets: -$247,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MANAGEMENT
Revenue
$10,000
Organization Details
Founding Year
1988
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: L20 - Housing
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