Overview
What is Midpen Resident Services Corporation?
Midpen Resident Services Corporation is a California-based nonprofit organization committed to providing social programs and support services to various community members. They focus on enhancing academic performance for school-age youth, offering vocational development and employment assistance for working-age adults, and providing healthcare support for seniors. Additionally, they cater to residents dealing with mental health, substance abuse, or physical health challenges. In conjunction with related organizations, Midpen Resident Services Corporation aims to provide safe, affordable housing of high quality to those in need, establish stability and opportunities for residents, and foster diverse communities where people from diverse ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Midpen Resident Services Corporation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a perfect score in multiple areas, including having a majority of independent board members and robust financial oversight measures. Such high ratings indicate that the charity is effectively managing its resources and adhering to best practices in governance.
The nonprofit's financial health is further evidenced by its low ratio of liabilities to assets, standing at 11.74%, and a program expense ratio of 80.94%. This means that a significant portion of its funding is directed towards its programs rather than administrative expenses, demonstrating a commitment to maximizing the impact of its services.
While the data points to strong governance and financial management, there are no notable limitations highlighted in the available information. Overall, Midpen Resident Services Corporation appears to be a well-managed organization, focused on delivering value to its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Midpen Resident Services Corporation legitimate?
Midpen Resident Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midpen Resident Services 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: $5,894,446
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Midpen Resident Services Corporation?
Midpen Resident Services Corporation, in collaboration with related organizations, aims to provide safe and affordable housing of high quality for those in need. The mission is to establish stability and opportunities in the lives of residents, fostering diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. The corporation's efforts contribute to creating thriving neighborhoods where individuals can call home.
Official website here: www.midpen-housing.org
Who is the CEO of Midpen Resident Services Corporation?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Midpen Resident Services Corporation. The CEO's salary of Midpen Resident Services Corporation is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Midpen Resident Services Corporation?
Midpen Resident Services Corporation's revenue in 2022 was $20,548,249.
Official website here: www.midpen-housing.org
Who are the executives of Midpen Resident Services Corporation and what are their salaries?
There 6 volunteers at Midpen Resident Services Corporation.
Here are 19 key members and their salaries (Midpen Resident Services 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: $420,159
- Other: $55,781
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- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $402,180
- Other: $21,754
- Compensation: $0
- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Midpen Resident Services Corporation?
Midpen Resident Services 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 Midpen Resident Services Corporation
Midpen Resident Services Corporation, a mission-driven organization, strives to provide safe and affordable housing of high quality to those in need. In collaboration with related organizations, they are dedicated to creating stability and opportunity in the lives of residents. By fostering diverse communities, Midpen Resident Services Corporation allows individuals from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.
The organization's primary focus lies in delivering quality housing solutions for those who require it most. Midpen Resident Services Corporation's commitment extends beyond just providing shelter, as they aim to establish long-term stability and opportunities for their residents. Their ultimate goal is to create inclusive communities that embrace and respect the unique differences of each individual.
In their pursuit of this mission, Midpen Resident Services Corporation works in partnership with other organizations to ensure their efforts reach as many people as possible. By offering safe, affordable housing, they provide the foundation for their residents to build a better future for themselves and their families. Through their tireless dedication, Midpen Resident Services Corporation creates welcoming, diverse communities where people from all walks of life can thrive.
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Impact
October, 2024
Midpen Resident Services Corporation significantly impacts the lives of individuals and families by ensuring access to safe, affordable housing, while fostering stability and opportunity for residents. By implementing targeted social programs, the organization supports school-age youth through initiatives that enhance academic performance, thereby laying a strong foundation for their future. For working-age adults, it promotes vocational development and employment support, which can lead to increased economic independence and job satisfaction.
Additionally, Midpen provides critical age-in-place healthcare support for seniors, ensuring they can maintain their quality of life as they age. The organization also offers assistance tailored to residents facing mental health challenges, substance abuse issues, or physical health difficulties, helping them navigate and overcome these obstacles. Through these comprehensive services, Midpen cultivates diverse communities, empowering individuals from all backgrounds to live with dignity, harmony, and mutual respect. The corporation's commitment to creating supportive environments ultimately enhances the overall well-being of the community it serves.
This information is meant to be a general summary of Midpen Resident Services 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: $7,935
- Program Service Revenue: $10,215,044
- Gross Receipts: $20,548,249
Assets and Liabilities:
- Total Assets: $13,540,749
- Total Liabilities: $1,589,968
- Net Assets: $11,950,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$10,215,044
Organization Details
Founding Year
2000
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: L80 - Housing
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