Overview
What is Mid-Peninsula San Carlos Corp?
Mid-Peninsula San Carlos Corp is a nonprofit organization based in Foster City, California. Its primary mission, in collaboration with related organizations, is to provide safe, high-quality, affordable housing for individuals in need. The corporation aims to instill stability and opportunities in the lives of its residents and promote diverse communities where individuals from various ethnic, social, and economic backgrounds can coexist in dignity, harmony, and mutual respect. To achieve this, Mid-Peninsula San Carlos Corp serves as a general partner of Laureola Oaks Associates, a limited partnership that owns and operates low-income housing projects. Furthermore, the organization is the sole member of seven single-member limited liability companies, each with partnership interests in partnerships that own and operate low-income housing projects.
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)
Mid-Peninsula San Carlos Corp has received an 82% rating from Charity Navigator, reflecting strong accountability and financial health. The charity boasts a perfect score in several key areas, including having a fully independent board and no material diversion of assets, which contributes to its credibility and transparency. The organization's commitment to ethical governance is highlighted by its comprehensive conflict of interest and whistleblower policies.
The high program expense ratio of 99.22% indicates that a significant portion of its funds is directed towards its programs, showcasing its dedication to fulfilling its mission. Additionally, the charity maintains all necessary documentation and policies, ensuring compliance and operational integrity. This level of transparency is likely to foster donor confidence and support.
However, while the overall rating is solid, potential donors may want to consider any qualitative data regarding the charity's impact and community feedback, as this information is not reflected in the rating alone. Nonetheless, the strong governance and financial practices position Mid-Peninsula San Carlos Corp as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula San Carlos Corp legitimate?
Mid-Peninsula San Carlos Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula San Carlos Corp 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 San Carlos Corp?
Mid-Peninsula San Carlos Corporation's mission, in collaboration with related organizations, is centered around providing safe and affordable housing of high quality to individuals in need. The corporation aims to establish stability and opportunities in the lives of its residents, fostering diverse communities that allow people from various ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Mid-Peninsula San Carlos Corp?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula San Carlos Corp. The CEO's salary of Mid-Peninsula San Carlos Corp is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula San Carlos Corp?
Mid-Peninsula San Carlos Corp's revenue in 2022 was $108,725.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula San Carlos Corp and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula San Carlos Corp'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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- Related: $459,933
- Other: $42,379
- Compensation: $0
- 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 San Carlos Corp?
Mid-Peninsula San Carlos Corp'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 San Carlos Corp
Mid-Peninsula San Carlos Corporation, in collaboration with related organizations, is committed to a mission of providing high-quality, safe, and affordable housing to individuals in need. Their goal is to establish stability and opportunities in the lives of residents, fostering diverse communities that promote dignity, harmony, and mutual respect among people from various ethnic, social, and economic backgrounds. By doing so, Mid-Peninsula San Carlos Corporation aims to create a living environment that allows all residents to live with pride and unity.
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Impact
October, 2024
Mid-Peninsula San Carlos Corp significantly impacts the community by providing safe and affordable housing to those in need. By partnering with related organizations, it not only facilitates the development of high-quality living spaces but also enhances stability and opportunities for residents. The organization supports the creation of diverse communities where individuals from various ethnic, social, and economic backgrounds can coexist in dignity and mutual respect. Through its management of several low-income housing projects, Mid-Peninsula San Carlos Corp contributes to fostering inclusive environments, helping residents build harmonious relationships and providing a foundation for upward mobility. This commitment ensures that vulnerable populations have access to housing that promotes quality of life and community development.
This information is meant to be a general summary of Mid-Peninsula San Carlos Corp. 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: $361
- Program Service Revenue: $108,364
- Gross Receipts: $108,725
Assets and Liabilities:
- Total Assets: $884,376
- Total Liabilities: $6,127,011
- Net Assets: -$5,242,635
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP FEE
Revenue
$103,364
ASSET MGMT FEE
Revenue
$5,000
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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