Overview
What is Mid-Peninsula Hermanas Inc?
Mid-Peninsula Hermanas Inc is a California-based nonprofit organization situated at 303 Vintage Park Drive, Foster City. Its primary focus is to contribute to affordable housing for low-income individuals and families. The organization operates as a limited partner in MP Palo Alto Gardens LLC, a partnership that manages low-income housing properties. Additionally, Mid-Peninsula Hermanas Inc holds the sole membership in various single-member Limited Liability Companies (LLCs) with managing member interests in partnerships that own and operate housing for low-income residents. Working in conjunction with related organizations, Mid-Peninsula Hermanas Corporation's mission is to provide high-quality, safe, and affordable housing to those in need, establish stability and opportunities in their lives, and foster diverse communities that promote dignity, harmony, and mutual respect among people from various ethnic, social, and economic backgrounds.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Mid-Peninsula Hermanas Inc has received a solid rating of 82% from Charity Navigator, indicating a good level of accountability and financial health. The charity's strong performance is highlighted by a perfect score for having a majority of independent board members and effective management policies, which reflects a commitment to transparency and ethical governance.
The organization excels in its program expense ratio, allocating 95.19% of its expenses directly to its programs, demonstrating its focus on impactful service delivery. Additionally, it has implemented a comprehensive set of policies including conflict of interest and whistleblower protections, which are crucial for maintaining integrity and trust.
While the rating is commendable, potential donors and supporters should continue to monitor the organization’s operational effectiveness and impact in the community. Overall, Mid-Peninsula Hermanas Inc appears to be a responsible charity poised to make a significant difference, backed by strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula Hermanas Inc legitimate?
Mid-Peninsula Hermanas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula Hermanas 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: $29,018
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Mid-Peninsula Hermanas Inc?
Mid-Peninsula Hermanas Inc, working in collaboration with related organizations, has a mission to provide safe and affordable housing of high quality to those in need. This mission aims to establish stability and opportunities in the lives of its residents. Furthermore, the organization strives to foster diverse communities where individuals from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Mid-Peninsula Hermanas Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula Hermanas Inc. The CEO's salary of Mid-Peninsula Hermanas Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula Hermanas Inc?
Mid-Peninsula Hermanas Inc's revenue in 2022 was $498,712.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula Hermanas Inc and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula Hermanas Inc'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: $402,180
- Other: $21,754
- Compensation: $0
- Related: $420,159
- Other: $55,781
- Compensation: $0
- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Mid-Peninsula Hermanas Inc?
Mid-Peninsula Hermanas Inc'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 Mid-Peninsula Hermanas Inc
Mid-Peninsula Hermanas Inc, in collaboration with related organizations, is committed to a mission that aims to serve those in need. This nonprofit organization strives to provide safe and affordable housing of high quality, establishing stability and opportunities in the lives of its residents. Mid-Peninsula Hermanas Inc further seeks to foster diverse communities where individuals from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect. By pursuing this mission, the organization aims to create an environment that allows people to live together harmoniously and respectfully.
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Impact
July, 2024
Mid-Peninsula Hermanas Inc, operating in conjunction with related organizations, plays a crucial role in providing safe, affordable housing of high quality to those in need. By partnering with MidPen Housing Corporation, the organization aims to establish stability and opportunity in the lives of residents while fostering diverse communities that promote dignity, harmony, and mutual respect. This impact is particularly significant in supporting low-income individuals and families by owning and operating housing properties designed for their benefit. Through its strategic partnerships and mission-driven initiatives, Mid-Peninsula Hermanas Inc contributes to addressing the pressing need for accessible and equitable housing opportunities in the community.
This information is meant to be a general summary of Mid-Peninsula Hermanas 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: -$98,701
- Program Service Revenue: $584,507
- Gross Receipts: $597,991
Assets and Liabilities:
- Total Assets: $16,632,292
- Total Liabilities: $17,202,544
- Net Assets: -$570,252
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$580,996
INCOME FROM PARTNERSHI
Revenue
$3,511
Organization Details
Founding Year
1994
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: L20 - Housing
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