Overview
What is Midpen Property Management Corp?
Midpen Property Management Corp is a notable nonprofit organization, headquartered in Foster City, California. Their primary mission is to offer property management and support services, contributing significantly to the development, operation, and preservation of affordable housing options for low-income, elderly, and disabled individuals. In collaboration with related organizations, Midpen Property Management Corporation aims to provide high-quality, safe housing, fostering stability and opportunities in the lives of their residents. The corporation strives to establish diverse communities where people from diverse ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. With a dedicated workforce of around 635 employees, Midpen Property Management Corp is committed to serving its community by ensuring access to affordable housing and promoting a sense of community.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
**Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)**
Midpen Property Management Corp has achieved a commendable rating of 96% from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization is primarily rated based on its financial efficiency, sustainability, and governance practices, demonstrating a high level of trustworthiness. Its board consists entirely of independent members, and the organization adheres to best practices in financial oversight and conflict of interest policies.
The strong program expense ratio of 78.55% indicates that a significant portion of its funds is used directly for program services, reinforcing its mission-driven approach. However, while the financial metrics are robust, the absence of scores for impact measurement, culture and community, and leadership adaptability suggests areas where additional evaluation could provide a more comprehensive understanding of the organization’s effectiveness.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in direct public sentiment about the organization’s services and community perception. Overall, while Midpen Property Management Corp demonstrates solid financial governance, further insights into its impact and community engagement would enhance the overall evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Midpen Property Management Corp legitimate?
Midpen Property Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midpen Property Management 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: $2,181,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,549,441
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Midpen Property Management Corp?
Midpen Property Management Corp, in conjunction with related organizations, has a mission to provide high-quality, affordable housing for individuals in need, including the low-income, elderly, and disabled. Their goal is to establish stability and opportunities in the lives of their residents, fostering diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Midpen Property Management Corp?
Matthew O Franklin is the Principal Officer of Midpen Property Management Corp. The CEO's salary of Midpen Property Management Corp is $606,526 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Midpen Property Management Corp?
Midpen Property Management Corp's revenue in 2022 was $9,394,965.
Official website here: www.midpen-housing.org
Who are the executives of Midpen Property Management Corp and what are their salaries?
The average compensation at Midpen Property Management Corp during 2022 was $7,451. There are 635 employees at Midpen Property Management Corp.
Here are 24 key members and their salaries (Midpen Property Management Corp's CEO's salary is $606,526 and their total compensation is $660,095):
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- Compensation: $606,526
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- Other: $53,569
- Compensation: $402,180
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- Other: $21,754
- Compensation: $459,933
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- Other: $42,379
- Compensation: $420,159
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- Other: $55,781
- Compensation: $292,945
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- Compensation: $304,783
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- Other: $5,111
- Compensation: $255,746
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- Other: $30,438
- Compensation: $282,647
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- Other: $50,872
- Compensation: $271,450
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- Other: $41,334
- Compensation: $256,173
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- Other: $46,764
Official website here: www.midpen-housing.org
Where can I find the form 990 for Midpen Property Management Corp?
Midpen Property Management 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 Midpen Property Management Corp
Midpen Property Management Corporation, a organization dedicated to property management and support services, has a mission that extends beyond mere housing. In conjunction with related organizations, this corporation aims to provide safe, high-quality, and affordable housing for individuals who are economically disadvantaged, elderly, or disabled. By doing so, Midpen Property Management Corporation seeks to establish stability and opportunities in the lives of its residents. Furthermore, the corporation strives to foster diverse communities where individuals from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. This mission underscores Midpen Property Management Corporation's commitment to uplifting and empowering its residents, ensuring they have a stable and dignified living environment.
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Impact
July, 2024
Midpen Property Management Corp's impact is vital in providing property management and support services for the development, operation, and preservation of housing for low-income, elderly, and disabled persons. By ensuring safe and affordable housing of high quality, the organization helps establish stability and opportunity in the lives of its residents. Additionally, Midpen Property Management Corp fosters diverse communities, allowing individuals from various backgrounds to live in dignity, harmony, and mutual respect. Their efforts contribute significantly to addressing the housing needs of vulnerable populations and promoting inclusivity in society.
This information is meant to be a general summary of Midpen Property Management 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: $518
- Program Service Revenue: $9,394,224
- Gross Receipts: $9,394,965
Assets and Liabilities:
- Total Assets: $4,968,754
- Total Liabilities: $2,116,101
- Net Assets: $2,852,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT MANAGEMENT
Revenue
$7,956,390
PROJECT BOOKKEEPING
Revenue
$1,165,483
DEVELOPER FEE
Revenue
$242,565
OTHER INCOME
Revenue
$29,786
Organization Details
Founding Year
1970
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: L50 - Housing
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