Overview
What is Mid-Peninsula Scotts Valley Inc?
Mid-Peninsula Scotts Valley Inc is a nonprofit organization located in Foster City, California. Its primary mission, in collaboration with several related entities, is to ensure the provision of safe and affordable housing of high quality for those in need. This organization aims to establish stability and opportunities in the lives of its residents, fostering diverse communities where individuals from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect. Mid-Peninsula Scotts Valley Inc manages general partnership interests in various associations, including MP Scotts Valley Associates, MP New Communities Associates, and others, all dedicated to this noble cause.
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 Stars
Mid-Peninsula Scotts Valley Inc has received an 82% rating from Charity Navigator, earning it a Three-Star designation. This rating reflects strong performance in the Accountability & Finance category, which is the sole focus of their score this year. The organization has demonstrated exemplary governance practices, boasting a board consisting entirely of independent members, as well as robust policies for conflict of interest and whistleblower protections.
One of the notable strengths of Mid-Peninsula Scotts Valley Inc is its transparency and commitment to financial integrity. The organization maintains a high program expense ratio of 96.31%, indicating that a substantial portion of its resources is directed toward its mission. Additionally, it adheres to best practices in documentation and governance, as evidenced by the thoroughness in record-keeping and policy adherence.
However, it is important to note a significant limitation regarding financial ratios; the organization has a liabilities-to-assets ratio of 146.30%, which raises concerns about its financial stability. This suggests that the organization may be operating with more liabilities than assets, potentially impacting its long-term sustainability. Overall, while Mid-Peninsula Scotts Valley Inc shows strong governance, attention should be given to its financial health moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Peninsula Scotts Valley Inc legitimate?
Mid-Peninsula Scotts Valley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Peninsula Scotts Valley 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: $3,795
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Mid-Peninsula Scotts Valley Inc?
Mid-Peninsula Scotts Valley Inc, in conjunction with related organizations, aims to fulfill a mission. This mission primarily focuses on providing high-quality, affordable housing to individuals in need. By offering such housing, the organization aims to establish stability and opportunities in the lives of its residents. Furthermore, Mid-Peninsula Scotts Valley Inc strives to foster diverse communities. These communities encourage people from various ethnic, social, and economic backgrounds to live together in dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Mid-Peninsula Scotts Valley Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mid-Peninsula Scotts Valley Inc. The CEO's salary of Mid-Peninsula Scotts Valley Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mid-Peninsula Scotts Valley Inc?
Mid-Peninsula Scotts Valley Inc's revenue in 2022 was $175,236.
Official website here: www.midpen-housing.org
Who are the executives of Mid-Peninsula Scotts Valley Inc and what are their salaries?
Here are 19 key members and their salaries (Mid-Peninsula Scotts Valley 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
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- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $420,159
- Other: $55,781
- 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 Scotts Valley Inc?
Mid-Peninsula Scotts Valley 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 Scotts Valley Inc
Mid-Peninsula Scotts Valley Inc, working in collaboration with related organizations, is dedicated to providing safe and affordable housing of high quality to individuals in need. The organization's mission is multifaceted, aiming to establish stability and opportunities in the lives of its residents. Furthermore, Mid-Peninsula Scotts Valley Inc strives to foster diverse communities, allowing people from various ethnic, social, and economic backgrounds to live in harmony and mutual respect. By achieving these goals, the nonprofit aims to enable individuals to live in dignity.
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Impact
October, 2024
Mid-Peninsula Scotts Valley Inc significantly impacts its community by providing safe and affordable housing solutions to those in need. Through collaborations with various related organizations, it focuses on fostering stability and opportunity for residents, ultimately improving their quality of life. By ensuring access to high-quality housing, the organization helps create diverse communities where individuals and families from different ethnic, social, and economic backgrounds can live together in dignity, harmony, and mutual respect. This mission promotes a sense of belonging and enhances social cohesion, contributing to stronger, more resilient neighborhoods. The organization also addresses vital housing challenges, helping to alleviate the pressures faced by low-income families, which is essential for creating equitable opportunities for all residents.
This information is meant to be a general summary of Mid-Peninsula Scotts Valley 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: $348
- Program Service Revenue: $174,888
- Gross Receipts: $175,236
Assets and Liabilities:
- Total Assets: $3,190,815
- Total Liabilities: $4,668,442
- Net Assets: -$1,477,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MGMT FEE
Revenue
$97,497
RENTAL INCOME
Revenue
$67,970
INCENTIVE FEE INCOME
Revenue
$8,695
OTHER RENTAL INCOME
Revenue
$726
Organization Details
Founding Year
1996
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: L20Z - Housing
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