Overview
What is Mv Central Park Apartments Inc?
Mv Central Park Apartments Inc is a nonprofit organization based in Foster City, California. Its primary mission is to offer quality, safe, and affordable housing for low-income families. By doing so, the organization aims to establish stability and opportunities in the lives of its residents, while fostering diverse communities that promote mutual respect and harmony among people from various ethnic, social, and economic backgrounds. The organization serves as a managing general partner of MP Central Park Associates, working tirelessly to ensure those in need have a place to call home.
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)
Mv Central Park Apartments Inc has an overall score of 82%, which indicates a solid performance in terms of accountability and finance. The rating is derived entirely from the Accountability & Finance Beacon, suggesting that the organization maintains a strong focus on financial management and transparency.
The organization excels in several key areas, including having a fully independent board and no material diversion of assets, which demonstrates a commitment to governance. It also scores full points for its website being listed on its tax form and having comprehensive policies in place regarding conflicts of interest, whistleblower protections, and document retention.
While the organization has shown strength in financial accountability, there are no specific programmatic strengths or activities detailed in the available data. While the high program expense ratio of 97.20% indicates that a significant portion of funds are directed towards programs, further information on the impact and effectiveness of its programs could provide a more complete picture.
This AI summary has been generated from information found on Charity Navigator.
Is Mv Central Park Apartments Inc legitimate?
Mv Central Park Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mv Central Park Apartments 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: $0
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Mv Central Park Apartments Inc?
Mv Central Park Apartments Inc's mission is centered around providing safe and affordable housing of high quality to individuals in need. The organization aims to establish stability and opportunities in the lives of its residents, fostering diverse communities where people from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect. By doing so, Mv Central Park Apartments Inc strives to contribute positively to the well-being and social cohesion of its residents.
Official website here: www.midpen-housing.org
Who is the CEO of Mv Central Park Apartments Inc?
Matthew O Franklin is the Secretary of Mv Central Park Apartments Inc.
Official website here: www.midpen-housing.org
What is the revenue of Mv Central Park Apartments Inc?
Mv Central Park Apartments Inc's revenue in 2022 was $100,882.
Official website here: www.midpen-housing.org
Who are the executives of Mv Central Park Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.midpen-housing.org
Where can I find the form 990 for Mv Central Park Apartments Inc?
Mv Central Park Apartments 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 Mv Central Park Apartments Inc
Mv Central Park Apartments Inc is committed to providing safe, high-quality, and affordable housing to individuals in need. Their mission is twofold: firstly, to establish stability and opportunities in the lives of their residents, and secondly, to foster diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. By serving as a managing general partner of MP Central Park Associates, Mv Central Park Apartments Inc ensures that low-income families have access to quality housing, contributing to a more equitable living environment.
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Impact
October, 2024
Mv Central Park Apartments Inc significantly impacts the community by offering safe and affordable housing to those in need, particularly low-income families. This organization is committed to creating high-quality living environments that promote stability and opportunity for residents. By fostering diverse communities where people from various ethnic, social, and economic backgrounds can coexist, Mv Central Park Apartments Inc enables individuals to live with dignity and mutual respect. This holistic approach not only addresses housing needs but also enhances the overall quality of life for residents, contributing to social cohesion and community strength in Foster City, CA.
This information is meant to be a general summary of Mv Central Park Apartments 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.
- Program Service Revenue: $100,882
- Gross Receipts: $100,882
Assets and Liabilities:
- Total Assets: $739,547
- Total Liabilities: $650,743
- Net Assets: $88,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PARTNERSHIP FEES
Revenue
$50,342
PARTNERSHIP MGMT FEES
Revenue
$50,117
INCOME FROM PARTNERSHI
Revenue
$423
Organization Details
Founding Year
1998
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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