Overview
What is Mission Housing Development Corporation?
The Mission Housing Development Corporation is a San Francisco-based nonprofit organization with a team of 40 employees. They serve as the general or limited partner in over twenty partnerships, ensuring the provision of low-income housing in San Francisco, California. The corporation owns several companies, managing member roles, and majority ownership in other corporations, all contributing to the development and management of affordable housing for low-income families, the handicapped, and the elderly.
Official website here: www.missionhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Mission Housing Development Corporation has received a strong Four-Star rating from Charity Navigator, indicating high standards in accountability and financial management. This rating is based entirely on their accountability and finance score, which reflects their commitment to transparency and ethical practices in managing funds and resources.
The organization demonstrates significant strengths, including a fully independent board and no material diversion of assets, which enhances their credibility. They maintain a high program expense ratio of 94.42%, ensuring that a large portion of their funds directly supports their mission. Their policies regarding conflict of interest, whistleblower protection, and document retention are well established, which further illustrates their commitment to ethical governance.
However, while the financial management and accountability ratings are excellent, the data does not provide insights into program effectiveness or community impact. This limitation suggests that potential donors and stakeholders may want to seek additional information about the organization’s operational outcomes and the effectiveness of its initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mission Housing Development Corporation?
100% of 14 reviewers on Facebook recommend Mission Housing Development Corporation. Here is a summary of their reviews:
The feedback highlights significant appreciation for the support provided by Mission Housing. Users specifically mention the positive impact of their programs, such as the summer pilot development initiative at Valencia Gardens, which underscores the organization's commitment to community engagement and support.
Overall, it’s evident that the services offered are well-received, and the nonprofit is fulfilling its mission successfully. The community seems to value the efforts made by Mission Housing and expresses gratitude for the assistance they receive.
This AI summary has been generated from reviews found on Facebook.
Is Mission Housing Development Corporation legitimate?
Mission Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Housing Development 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: $290,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,686,164
For more financial information, click here
Official website here: www.missionhousing.org
What is the mission statement of Mission Housing Development Corporation?
The Mission Housing Development Corporation is dedicated to providing affordable housing solutions for low-income families, the handicapped, and the elderly. This non-profit organization assumes various roles in several partnerships and businesses, serving as a general or limited partner in multiple limited partnerships and corporations that offer low-income housing across the board. Its commitment to affordable housing extends to its role as the sole owner of a corporation providing management services for such housing.
Official website here: www.missionhousing.org
Who is the CEO of Mission Housing Development Corporation?
Irving Gonzales is the Chairman of Mission Housing Development Corporation.
Official website here: www.missionhousing.org
What is the revenue of Mission Housing Development Corporation?
Mission Housing Development Corporation's revenue in 2022 was $27,672,713.
Official website here: www.missionhousing.org
Who are the executives of Mission Housing Development Corporation and what are their salaries?
The average compensation at Mission Housing Development Corporation during 2022 was $74,405. There are 40 employees at Mission Housing Development Corporation.
Here are 12 key members and their salaries:
- Compensation: $282,538
- Related: $0
- Other: $7,517
- Compensation: $236,618
- Related: $0
- Other: $38,132
- Compensation: $143,590
- Related: $0
- Other: $33,838
- Compensation: $157,523
- Related: $0
- Other: $18,966
- Compensation: $120,904
- Related: $0
- Other: $31,604
- Compensation: $117,628
- Related: $0
- Other: $30,285
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionhousing.org
Where can I find the form 990 for Mission Housing Development Corporation?
Mission Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionhousing.org
Learn more at the official website: www.missionhousing.org
Mission Statement of Mission Housing Development Corporation
Mission Housing Development Corporation, a notable nonprofit organization, is dedicated to providing affordable housing solutions for low-income families, the handicapped, and the elderly. The corporation serves as the cornerstone in various partnerships, assuming key roles as a general partner in three limited partnerships and the limited partner in five more, all of which offer low-income housing in San Francisco, California. Additionally, Mission Housing Development Corporation is the sole owner of five limited liability companies, the managing member of one, and the majority owner of two corporations. These entities all collaborate as general or limited partners in sixteen more limited partnerships, continuing to provide low-income housing in San Francisco, California. Furthermore, the corporation is the sole owner of a corporation that offers management services for low-income housing in the same location. By taking on these various roles, Mission Housing Development Corporation significantly contributes to the availability of affordable housing options for those in need.
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Impact
October, 2024
Mission Housing Development Corporation plays a crucial role in enhancing the quality of life for low-income families, the handicapped, and the elderly in San Francisco. By providing affordable housing solutions, it addresses a pressing need in a city where housing costs are notoriously high.
The organization operates multiple limited partnerships and liability companies, positioning itself as a key player in the affordable housing landscape of San Francisco. Through its involvement in various partnerships, it successfully develops and manages a significant number of housing units designed specifically to accommodate vulnerable communities.
With a commitment to creating stable living environments, Mission Housing facilitates access to safe and affordable homes, thus contributing to the overall wellbeing and empowerment of those it serves. This impact is vital in combating homelessness and promoting social equity within the bustling urban context of San Francisco.
This information is meant to be a general summary of Mission Housing Development 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: $971,735
- Program Service Revenue: $14,450,151
- Gross Receipts: $27,939,598
Assets and Liabilities:
- Total Assets: $66,717,890
- Total Liabilities: $13,468,929
- Net Assets: $53,248,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT & MGMT FEES
Revenue
$7,045,101
MISCELLANEOUS INCOME
Revenue
$7,230
PRTNRSHP SHARE GROSS RENT
Revenue
$6,158,310
RESIDENTIAL RENTAL INCOME
Revenue
$1,239,510
Organization Details
Founding Year
1971
Phone
(415) 864-6432Principal Officer
Irving Gonzales
Main Address
474 Valencia Street Suite 280, San Francisco, CA, 94103
Website
www.missionhousing.orgNTEE Category
Code: L210 - Housing
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