Overview
What is Minna Street Inc?
Minna Street Inc. is a company based in San Francisco that holds a minor stake, specifically a 1% general partnership interest, in Minna Street Associates. This associated entity, with the ID number 94-3169144, is currently engaged in an impactful project: developing a low-income housing apartment building. Minna Street Inc. is contributing to this initiative, which aims to provide affordable living spaces in the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35% (Zero-Star out of Four Star rating)
Minna Street Inc has received a low rating of 35% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's score reflects a complete lack of independent board members and several missing governance policies, which are critical for ensuring transparency and effective oversight.
Despite achieving a perfect score regarding program expenses, the absence of essential documents such as a conflict of interest policy, a whistleblower policy, and meeting minutes raises red flags about its operational integrity. The organization also fails to maintain a website with required documentation, which impedes stakeholders' ability to access important information.
The liabilities to assets ratio is notably high at 208.58%, suggesting potential financial instability. This combination of governance shortcomings and financial risk emphasizes the need for Minna Street Inc to improve its practices to better serve its mission and earn public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Minna Street Inc legitimate?
Minna Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minna Street 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 Minna Street Inc?
Minna Street Inc. is involved in the development of low-income housing through its 1% general partnership interest in Minna Street Associates. Their mission, in essence, is to contribute to the construction of affordable living spaces for individuals who may not otherwise have access to such accommodations. By partnering with Minna Street Associates, Minna Street Inc. is actively participating in efforts to address housing disparities. Currently, they are involved in a project in San Francisco, where a low-income housing apartment building is being developed. The company's involvement in this project aligns with its mission of promoting affordable housing solutions.
Who is the CEO of Minna Street Inc?
Lamar Heystek is the Treasurer of Minna Street Inc.
What is the revenue of Minna Street Inc?
Minna Street Inc's revenue in 2022 was $28.
Who are the executives of Minna Street Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minna Street Inc?
Minna Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minna Street Inc
Minna Street Inc., a nonprofit organization, plays a significant role in the development of low-income housing apartment buildings. Specifically, it holds a 1% general partnership interest in Minna Street Associates, a company currently constructing such a building in San Francisco. This involvement in affordable housing is Minna Street Inc.'s mission, aiming to contribute to the provision of comfortable living spaces for individuals with limited financial resources. The organization's participation in this project aligns with its commitment to promoting social equity and improving living standards for underprivileged communities.
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Impact
October, 2024
Minna Street Inc. plays a vital role in addressing the critical need for affordable housing in San Francisco. By holding a 1% general partnership interest in Minna Street Associates, the organization is actively involved in the development of a low-income housing apartment building. This initiative is essential in a city where housing costs are prohibitive for many residents, helping to alleviate some of the pressure on the housing market.
Through its efforts, Minna Street Inc. is not only contributing to the availability of affordable living options but also fostering community stability and inclusivity. By providing low-income housing, the organization supports individuals and families who might otherwise struggle to find safe and secure homes. This impact extends beyond housing affordability; it enhances the overall quality of life for residents, promotes diversity, and strengthens the fabric of the San Francisco community.
This information is meant to be a general summary of Minna Street 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: $28
- Gross Receipts: $28
Assets and Liabilities:
- Total Assets: $28,121
- Total Liabilities: $58,655
- Net Assets: -$30,534
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Organization Details
Phone
(415) 928-5910Principal Officer
Lamar Heystek
Main Address
1167 MISSION STREET 4TH FLOOR, SAN FRANCISCO, CA, 94103
NTEE Category
Code: L20 - Housing
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