Overview
What is Mp Santa Clara Inc?
Mp Santa Clara Inc, located in Foster City, California, is a nonprofit organization that plays a significant role in providing affordable housing solutions. By being a general partner in several partnerships, such as Riverwood Place Associates, Riverwood Grove Associates, and MP Vineyard Crossing, LP, among others, Mp Santa Clara Inc manages apartment complexes specifically designed for low-income individuals and families. One of their main focuses is on offering permanent independent living for adults with developmental disabilities, aiming to establish stability and opportunities in their lives. In line with related organizations, Mp Santa Clara Inc's mission is to provide high-quality, safe, and affordable housing while fostering diverse communities that promote mutual respect and harmony among people from different 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
Mp Santa Clara Inc has earned a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an overall score of 82%, the organization demonstrates strong governance practices, as evidenced by its perfect scores in areas such as independent board membership and lack of material diversion of assets. The organization also has comprehensive policies in place regarding conflict of interest and whistleblowing, contributing to its transparency.
The charity shows remarkable dedication to its mission, with a program expense ratio of 99.81%. This high percentage suggests that a significant portion of its funding is directed towards its programs rather than administrative costs, which is a positive indicator for potential donors who want to see their contributions making a tangible impact. The documentation of board meeting minutes further enhances its commitment to accountability.
While the organization has performed well in various governance aspects, the overall rating of 82% leaves room for improvement in certain financial metrics. Engaging in continual assessment and enhancement of its practices may help Mp Santa Clara Inc achieve even higher ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mp Santa Clara Inc legitimate?
Mp Santa Clara Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mp Santa Clara 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
Official website here: www.midpen-housing.org
What is the mission statement of Mp Santa Clara Inc?
Mp Santa Clara Inc, in conjunction with related organizations, aims to provide 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, Mp Santa Clara Inc strives to foster diverse communities, allowing individuals from various ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Mp Santa Clara Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Mp Santa Clara Inc. The CEO's salary of Mp Santa Clara Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Mp Santa Clara Inc?
Mp Santa Clara Inc's revenue in 2022 was $176,023.
Official website here: www.midpen-housing.org
Who are the executives of Mp Santa Clara Inc and what are their salaries?
Here are 19 key members and their salaries (Mp Santa Clara 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: $420,159
- Other: $55,781
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- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Mp Santa Clara Inc?
Mp Santa Clara 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 Mp Santa Clara Inc
Mp Santa Clara Inc, a nonprofit organization, is committed to a mission that encompasses providing high-quality, affordable housing for individuals with developmental disabilities while fostering diverse communities. This mission is pursued in collaboration with related organizations, aiming to establish stability and opportunities for its residents. The ultimate goal is to enable people from diverse ethnic, social, and economic backgrounds to live with dignity, harmony, and mutual respect within these communities. By offering safe and affordable housing, Mp Santa Clara Inc seeks to significantly impact the lives of those in need, ultimately contributing to a more inclusive and respectful society.
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Impact
October, 2024
Mp Santa Clara Inc significantly impacts the community by operating an affordable housing complex that offers permanent independent living for adults with developmental disabilities. This initiative addresses a critical need for safe and stable accommodations, allowing residents to thrive in an environment that promotes dignity and respect.
The organization serves as a general partner in multiple housing partnerships, including Riverwood Place Associates and MP Vineyard Crossing, which collectively manage apartment complexes designed for low-income individuals and families. By providing these housing solutions, Mp Santa Clara Inc not only enhances the quality of life for its residents but also fosters diverse communities where people from various backgrounds can coexist harmoniously.
Through its mission, Mp Santa Clara Inc contributes to community improvement by establishing stability and opportunities for its residents, promoting inclusive living environments that reflect the values of mutual respect and collaboration. This is vital in ensuring that individuals with developmental disabilities and low-income families are not marginalized but are instead given the resources and support necessary to live meaningful and engaged lives.
This information is meant to be a general summary of Mp Santa Clara 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: $134
- Program Service Revenue: $175,889
- Gross Receipts: $176,023
Assets and Liabilities:
- Total Assets: $5,818,683
- Total Liabilities: $8,805,970
- Net Assets: -$2,987,287
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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
$144,010
INCENTIVE FEE
Revenue
$31,879
Organization Details
Founding Year
2000
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: S50 - Community improvement
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