Overview
What is Mid-Peninsula Palms Ii Inc?
Mid-Peninsula Palms II Inc, based in Foster City, California, is a significant nonprofit organization. Primarily, it serves as a 67% shareholder in Sharon Palms Lane LLC, which is a partner in a partnership that manages and operates low-income housing facilities for individuals in need. The organization's mission extends beyond property management, as it aims to provide elderly residents with specialized services to cater to their physical, social, and psychological needs. In collaboration with related organizations, Mid-Peninsula Palms II, Inc. strives to offer safe, affordable, and high-quality housing, helping to establish stability and opportunities in the lives of its residents. The organization also promotes diverse communities that allow people from various ethnic, social, and economic backgrounds to 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: 57% - One-Star out of Four Stars
Mid-Peninsula Palms II Inc has received a one-star rating from Charity Navigator, reflecting concerns regarding its accountability and financial practices. The organization demonstrates strengths in governance, with a fully independent board and strong policies for conflict of interest, whistleblower protections, and document retention. However, the charity struggles significantly with its financial management, evidenced by a very high liabilities to assets ratio and a low program expense ratio, indicating that a large portion of its expenses may not be directed toward its core mission.
The organization provides transparency in some areas, such as having its board meeting minutes documented and its website listed on its tax form. Despite scoring well in various governance factors, the absence of its tax form on its website is a notable downside, which may hinder potential donors from evaluating its financial health thoroughly. This lack of readily available financial data contributes to the overall low accountability score.
Overall, while Mid-Peninsula Palms II Inc has established strong governance policies, its financial ratios raise red flags about its sustainability and effectiveness in fulfilling its mission. Donors and stakeholders may want to consider these financial concerns before making contributions or decisions related to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula Palms Ii Inc legitimate?
Mid-Peninsula Palms Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula Palms Ii 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 Mid-Peninsula Palms Ii Inc?
Mid-Peninsula Palms II Inc, in conjunction with related organizations, strives to provide safe and affordable high-quality housing for individuals in need. Their mission is twofold: firstly, to establish stability and opportunities in the lives of residents, and secondly, to foster diverse communities where people from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect. The organization's services are specifically designed to cater to the physical, social, and psychological needs of the elderly.
Official website here: www.midpen-housing.org
Who is the CEO of Mid-Peninsula Palms Ii Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula Palms Ii Inc. The CEO's salary of Mid-Peninsula Palms Ii Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula Palms Ii Inc?
Mid-Peninsula Palms Ii Inc's revenue in 2022 was $0.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula Palms Ii Inc and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula Palms Ii Inc's CEO's salary is $0 and their total compensation is $660,095):
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- Related: $606,526
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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 Palms Ii Inc?
Mid-Peninsula Palms Ii 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 Mid-Peninsula Palms Ii Inc
Mid-Peninsula Palms II Inc, as a mission-driven organization, strives to provide high-quality, affordable housing to individuals in need. The organization's goal is twofold: firstly, to ensure the safety and stability of its residents, and secondly, to foster diverse communities that promote dignity, harmony, and mutual respect among people from various ethnic, social, and economic backgrounds. In pursuit of this mission, Mid-Peninsula Palms II Inc offers specialized services designed to meet the physical, social, and psychological needs of the elderly population. By collaborating with related organizations, the nonprofit aims to create an environment where everyone can live in harmony and respect.
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Impact
October, 2024
Mid-Peninsula Palms II Inc significantly impacts the community by providing quality housing and tailored services for the elderly, addressing their unique physical, social, and psychological needs. As a key shareholder in Sharmon Palms Lane LLC, the organization plays a vital role in the ownership and operation of low-income housing, ensuring that individuals and families with limited financial means have access to safe and affordable living options.
By prioritizing the establishment of stability and opportunity for residents, Mid-Peninsula Palms II Inc fosters a sense of community and inclusivity, promoting environments where diverse populations can coexist in dignity and mutual respect. This commitment not only enhances the quality of life for its residents but also contributes to the broader goal of building cohesive and supportive neighborhoods in Foster City, California.
This information is meant to be a general summary of Mid-Peninsula Palms Ii 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.
Assets and Liabilities:
- Total Assets: $851
- Total Liabilities: $8,489
- Net Assets: -$7,638
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Organization Details
Founding Year
1992
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: L21 - Housing
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