Overview
What is Mid-Peninsula Tyrella Corporation?
Mid-Peninsula Tyrella Corporation is a notable nonprofit organization located in Foster City, California. Its primary mission is to offer quality, safe, and affordable housing options to low-income families. The organization operates as a managing general partner of two partnerships, Mid-Peninsula Castroville Associates and MP Hillsdale Townhomes, L.P. In alignment with related organizations, Mid-Peninsula Tyrella Corporation strives to establish stability and opportunities in the lives of its residents, fostering diverse communities that embrace individuals from various ethnic, social, and economic backgrounds, allowing them to live with dignity, harmony, and mutual respect. The organization's initiatives aim to provide a sense of security and promote a sense of belonging in the community.
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.
The Mid-Peninsula Tyrella Corporation has achieved a solid score of 82%, reflecting a strong focus on accountability and finance. The entire rating is based on a single beacon score, indicating a streamlined evaluation of their financial practices. The organization boasts a fully independent board, with 100% of its members being independent, and maintains a high standard in governance policies, which enhances its credibility.
Strengths of the organization include an impressive program expense ratio of 98.70%, indicating that nearly all funds are directed toward its programs rather than administrative costs. Additionally, the charity has well-established policies in areas such as conflicts of interest, whistleblower protection, and document retention, demonstrating a commitment to ethical operations and transparency.
However, some concerns arise regarding the compensation of key personnel, which appears high relative to the organization's overall financial health. Transparency in financial management is critical, and while the accountability measures are strong, stakeholders may want to keep an eye on the sustainability of such salary levels in relation to the charity's mission and fundraising efforts. Overall, the Mid-Peninsula Tyrella Corporation presents a trustworthy option for donors, with room for continued improvement in communication about executive compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula Tyrella Corporation legitimate?
Mid-Peninsula Tyrella Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula Tyrella 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 Tyrella Corporation?
Mid-Peninsula Tyrella Corporation, in collaboration with related organizations, strives to provide safe and affordable high-quality housing to individuals in need. The corporation's mission is twofold: firstly, it aims to establish stability and opportunities in the lives of its residents. Secondly, Mid-Peninsula Tyrella Corporation seeks to cultivate 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
Who is the CEO of Mid-Peninsula Tyrella Corporation?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula Tyrella Corporation. The CEO's salary of Mid-Peninsula Tyrella Corporation is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula Tyrella Corporation?
Mid-Peninsula Tyrella Corporation's revenue in 2022 was $0.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula Tyrella Corporation and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula Tyrella 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
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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 Tyrella Corporation?
Mid-Peninsula Tyrella 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 Tyrella Corporation
Mid-Peninsula Tyrella Corporation, in conjunction with related organizations, is dedicated to providing safe and affordable housing of high quality to individuals in need. Its mission goes beyond just providing shelter; it aims to establish stability and opportunities in the lives of its residents. The corporation strives to create diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. By fostering such communities, Mid-Peninsula Tyrella Corporation contributes to a society where everyone can thrive, irrespective of their backgrounds. The corporation's approach to housing and community development is rooted in a commitment to promoting equality and respect, ensuring that everyone has a chance to live a fulfilling life.
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Impact
October, 2024
Mid-Peninsula Tyrella Corporation plays a significant role in enhancing the quality of life for individuals and families in need of housing stability. By prioritizing the provision of safe and affordable housing, the organization addresses critical social issues and supports low-income families in achieving stability and opportunity.
The corporation manages partnerships dedicated to developing and maintaining high-quality housing, which not only provides shelter but also fosters diverse communities where individuals from various backgrounds can live in dignity and harmony. This commitment promotes mutual respect and understanding among residents, contributing to a sense of belonging and community cohesion.
In a region where housing affordability is a pressing concern, Mid-Peninsula Tyrella Corporation’s efforts are instrumental in ensuring that families have access to necessary resources, thereby improving their overall well-being and enhancing their potential for upward mobility. Through its initiatives, the organization significantly impacts the local landscape by creating inclusive communities that enable residents to thrive, regardless of their ethnic, social, or economic backgrounds.
This information is meant to be a general summary of Mid-Peninsula Tyrella 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.
Assets and Liabilities:
- Total Assets: $64,288
- Total Liabilities: $954,712
- Net Assets: -$890,424
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Organization Details
Founding Year
1989
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: L20Z - Housing
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