Overview
What is Mission Housing Dev Prop Iii Inc?
Mission Housing Dev Prop III is a nonprofit organization committed to offering affordable housing solutions to families, individuals with disabilities, and the elderly. Acting as a supporter to its affiliated nonprofit, Mission Housing Development Corporation (MHDC), the organization assists in providing low-income housing opportunities. Mission Housing Dev Prop III owns two limited liability companies, which function as general partners in a limited partnership, offering 63 units of affordable housing in San Francisco, California. The corporation's primary goal is to contribute to the overall mission of making housing accessible and affordable for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Mission Housing Dev Prop III Inc has achieved a high score of 94%, reflecting its strong practices in accountability and finance. With a rating calculated entirely from a single beacon score, the organization excels particularly in maintaining an independent board and effective financial oversight. The majority of its board members (83%) are independent, showcasing a commitment to ethical governance.
The organization has demonstrated robust financial health, with a low liabilities to assets ratio of 10.46% and an impressive program expense ratio of 95.22%. This indicates that a significant portion of its resources is directed towards its mission rather than administrative costs, aligning with best practices for nonprofits.
There are no noted limitations or concerns regarding governance or financial management, as the organization maintains several important policies, including conflict of interest and whistleblower policies, all of which are well-documented. Overall, Mission Housing Dev Prop III Inc stands out for its transparency and responsible stewardship of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Housing Dev Prop Iii Inc legitimate?
Mission Housing Dev Prop Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Housing Dev Prop Iii 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
What is the mission statement of Mission Housing Dev Prop Iii Inc?
Mission Housing Development Property III Inc. is committed to providing low-income housing. This organization supports its affiliated nonprofit, Mission Housing Development Corporation, in its mission to offer affordable housing. The corporation itself manages two limited liability companies, which collectively oversee a limited partnership that provides 63 units of affordable housing in San Francisco, California. The primary goal of Mission Housing Dev Prop III Inc. is to assist vulnerable populations, including families, handicapped individuals, and the elderly, by ensuring they have access to suitable housing solutions.
Who is the CEO of Mission Housing Dev Prop Iii Inc?
Mara Rosales is the Chairman of Mission Housing Dev Prop Iii Inc.
What is the revenue of Mission Housing Dev Prop Iii Inc?
Mission Housing Dev Prop Iii Inc's revenue in 2022 was $546,618.
Who are the executives of Mission Housing Dev Prop Iii Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $282,538
- Other: $7,517
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Mission Housing Dev Prop Iii Inc?
Mission Housing Dev Prop Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mission Housing Dev Prop Iii Inc
Mission Housing Development Property III, Inc., as a committed organization, is dedicated to providing low-income housing solutions for families, individuals with disabilities, and the elderly. This nonprofit provides support to its affiliated corporation, Mission Housing Development Corporation (MHDC), which is primarily focused on creating and maintaining affordable housing opportunities. To fulfill its mission, Mission Housing Dev Prop III, Inc. owns two limited liability companies that serve as general partners for a limited partnership, offering 63 units of affordable housing in San Francisco, California. The nonprofit's efforts contribute to the betterment of the community by ensuring that low-income individuals can secure suitable housing options and live with dignity.
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Impact
July, 2024
Mission Housing Dev Prop III Inc's impact is significant in providing low-income housing to families, handicapped individuals, and elders in San Francisco, CA. Through its support of the related nonprofit corporation, Mission Housing Development Corporation (MHDC), it helps in offering affordable housing solutions. The corporation's ownership of limited liability companies that serve as general partners for a limited partnership results in 63 units of low-income housing being made available in the area.
This information is meant to be a general summary of Mission Housing Dev Prop Iii 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.
- Investment Income: $517,571
- Program Service Revenue: $16,197
- Gross Receipts: $546,618
Assets and Liabilities:
- Total Assets: $17,161,303
- Total Liabilities: $1,795,755
- Net Assets: $15,365,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARE OF PS RENTS
Revenue
$16,197
Organization Details
Founding Year
1988
Phone
(415) 864-6432Principal Officer
Mara Rosales
Main Address
474 Valencia Street Suite 280, San Francisco, CA, 94103
NTEE Category
Code: L22Z - Housing
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