Overview
What is Milpitas Housing Inc?
Milpitas Housing Inc is a nonprofit organization that plays a significant role in supporting Bridge Housing Corporation (Bridge). This partnership aims to enhance communities by developing, owning, and managing high-quality, affordable housing for working families and seniors. Milpitas Housing Inc's mission is deeply rooted in creating opportunities and strengthening communities, going beyond just housing provision. Bridge is recognized as a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. The organization strives to earn the highest level of satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Milpitas Housing Inc serves as a go-to developer and owner for communities seeking various housing solutions, delivering exceptional results.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Stars.
Milpitas Housing Inc has received a low rating of 59%, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members and does not meet standard expectations for transparency. Key documentation, such as its website and tax forms, is missing, which negatively impacts its score in those areas.
Despite these shortcomings, Milpitas Housing Inc demonstrates a strong commitment to its mission, evidenced by an impressive program expense ratio of 99.88%. This suggests that nearly all of its expenditures are directed toward program services rather than administrative costs, reflecting an emphasis on supporting its beneficiaries.
However, the absence of independent oversight raises questions about governance and potential conflicts of interest. The organization has policies in place for conflict of interest and whistleblower protections, but without independent board members, overall accountability could be jeopardized.
This AI summary has been generated from information found on Charity Navigator.
Is Milpitas Housing Inc legitimate?
Milpitas Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milpitas Housing 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 Milpitas Housing Inc?
Milpitas Housing Inc supports Bridge Housing Corporation (Bridge), an organization that strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The vision of Bridge is to not only enhance communities and create opportunities for these groups, but also extend beyond housing. Bridge is recognized as a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. The organization consistently achieves the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Bridge is considered the go-to developer and owner for public officials, investors, and communities seeking a variety of housing solutions, and it consistently delivers results.
Who is the CEO of Milpitas Housing Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Milpitas Housing Inc. The CEO's salary of Milpitas Housing Inc is $0 and their total compensation is $538,963.
What is the revenue of Milpitas Housing Inc?
Milpitas Housing Inc's revenue in 2022 was $51,165.
Who are the executives of Milpitas Housing Inc and what are their salaries?
Here are 7 key members and their salaries (Milpitas Housing Inc's CEO's salary is $0 and their total compensation is $538,963):
- Compensation: $0
- Related: $486,042
- Other: $98,469
- Compensation: $0
- Related: $503,363
- Other: $35,600
- Compensation: $0
- Related: $347,144
- Other: $116,424
- Compensation: $0
- Related: $342,254
- Other: $104,797
- Compensation: $0
- Related: $347,823
- Other: $97,080
- Compensation: $0
- Related: $245,086
- Other: $21,219
- Compensation: $0
- Related: $76,056
- Other: $3,970
Where can I find the form 990 for Milpitas Housing Inc?
Milpitas Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Milpitas Housing Inc
Milpitas Housing Inc supports Bridge Housing Corporation (Bridge), an organization committed to strengthening communities and creating opportunities for working families and seniors. Bridge's mission involves developing, owning, and managing high-quality, affordable homes. They are not only focused on providing housing but aim to contribute to the overall community development. Bridge aspires to be a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing. They prioritize customer satisfaction, earning the highest degree of contentment from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Milpitas Housing Inc serves as a reliable developer and owner for public officials, investors, and communities seeking various housing solutions, and they consistently deliver results.
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Impact
October, 2024
Milpitas Housing Inc has a significant impact on the community by fostering the development and management of high-quality, affordable housing that serves working families and seniors. By partnering with Bridge Housing Corporation, it focuses on strengthening communities and creating opportunities that extend beyond mere accommodation. This initiative prioritizes effective housing solutions, addressing the urgent need for affordable living spaces in urban areas.
The organization plays a critical role in enhancing customer satisfaction among various stakeholders, including residents and local communities, by ensuring that the housing provided meets their needs and expectations. Milpitas Housing Inc positions itself as a reliable partner for public officials and investors seeking diverse housing solutions, thus contributing to social stability and community wellbeing.
Through its efforts in managing affordable and mixed-income housing projects, Milpitas Housing Inc not only addresses housing shortages but also promotes inclusive community development, enhancing the overall quality of life for its residents. By prioritizing the needs of low-income individuals, it helps create a more equitable housing landscape, making significant strides toward addressing social determinants of health and community prosperity.
This information is meant to be a general summary of Milpitas Housing 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.
- Program Service Revenue: $49,295
- Gross Receipts: $51,165
Assets and Liabilities:
- Total Assets: $49,295
- Total Liabilities: $15,483,647
- Net Assets: -$15,434,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$49,295
Organization Details
Founding Year
1996
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20Z - Housing
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