Civic Intelligence

MID-Peninsula Coalition Belle Haven Inc

EIN 77-0047939 • 501(c)3 • Foster City, CA

Profile

In conjunction with related organizations, midpen housingcorporation's mission is to provide safe, affordable housing of highquality to those in need; to establish stability and opportunity inthe lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live indignity, harmony and mutual respect.

303 Vintage Park Drive 250Foster City, CA 94404

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.60x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

14.78x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$716,168

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 361.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-1.5%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,832,304

Down $26,964 (-1.5%) from 2023

Liabilities

Up

$2,929,966

Up $58,540 (+2.0%) from 2023

Net Assets

Down

-$1,097,662

Down $85,504 (-8.4%) from 2023

Revenue

Down

$198,235

Down $263,560 (-57%) from 2023

Expenses

Down

$283,739

Down $378,626 (-57%) from 2023

Net Income

Up

-$85,504

Up $115,066 (+57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $4,736,809Liabilities 2010: $6,730,190Net Assets 2010: -$1,993,3812010Assets 2011: $4,605,000Liabilities 2011: $6,768,035Net Assets 2011: -$2,163,0352011Assets 2012: $4,452,777Liabilities 2012: $6,761,809Net Assets 2012: -$2,309,0322012Assets 2013: $5,975,463Liabilities 2013: $6,264,382Net Assets 2013: -$288,9192013Assets 2014: $6,008,489Liabilities 2014: $5,956,283Net Assets 2014: $52,2062014Assets 2015: $5,680,570Liabilities 2015: $4,457,411Net Assets 2015: $1,223,1592015Assets 2016: $5,578,387Liabilities 2016: $4,369,985Net Assets 2016: $1,208,4022016Assets 2017: $2,688,912Liabilities 2017: $3,779,648Net Assets 2017: -$1,090,7362017Assets 2018: $2,670,425Liabilities 2018: $3,762,324Net Assets 2018: -$1,091,8992018Assets 2019: $2,897,849Liabilities 2019: $4,050,787Net Assets 2019: -$1,152,9382019Assets 2020: $3,030,553Liabilities 2020: $4,167,010Net Assets 2020: -$1,136,4572020Assets 2021: $2,958,752Liabilities 2021: $4,146,310Net Assets 2021: -$1,187,5582021Assets 2022: $3,009,466Liabilities 2022: $4,224,509Net Assets 2022: -$1,215,0432022Assets 2023: $1,859,268Liabilities 2023: $2,871,426Net Assets 2023: -$1,012,1582023Assets 2024: $1,832,304Liabilities 2024: $2,929,966Net Assets 2024: -$1,097,6622024

Highlighted filing

2024

Assets$1,832,304
Liabilities$2,929,966
Net Assets-$1,097,662

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $682,6422010Expenses 2011: $699,6332011Expenses 2012: $693,9742012Revenue 2013: $3,310,187Expenses 2013: $1,290,075Net Income 2013: $2,020,1122013Revenue 2014: $802,524Expenses 2014: $461,399Net Income 2014: $341,1252014Revenue 2015: $1,634,771Expenses 2015: $463,818Net Income 2015: $1,170,9532015Revenue 2016: $407,804Expenses 2016: $422,561Net Income 2016: -$14,7572016Revenue 2017: $744,074Expenses 2017: $3,043,212Net Income 2017: -$2,299,1382017Revenue 2018: $449,346Expenses 2018: $450,509Net Income 2018: -$1,1632018Revenue 2019: $385,724Expenses 2019: $446,763Net Income 2019: -$61,0392019Revenue 2020: $486,309Expenses 2020: $469,828Net Income 2020: $16,4812020Revenue 2021: $373,015Expenses 2021: $424,116Net Income 2021: -$51,1012021Revenue 2022: $432,697Expenses 2022: $460,182Net Income 2022: -$27,4852022Revenue 2023: $461,795Expenses 2023: $662,365Net Income 2023: -$200,5702023Revenue 2024: $198,235Expenses 2024: $283,739Net Income 2024: -$85,5042024

Highlighted filing

2024

Revenue$198,235
Expenses$283,739
Net Income-$85,504

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.83$2.93$1.10$0.20$0.28$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.86$2.87$1.01$0.46$0.66$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.01$4.22$1.22$0.43$0.46$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.96$4.15$1.19$0.37$0.42$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.03$4.17$1.14$0.49$0.47$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.90$4.05$1.15$0.39$0.45$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.67$3.76$1.09$0.45$0.45$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.69$3.78$1.09$0.74$3.04$2.30
2016Detailed filing. Detailed filing data is available for this year.$5.58$4.37$1.21$0.41$0.42$0.01
2015Detailed filing. Detailed filing data is available for this year.$5.68$4.46$1.22$1.63$0.46$1.17
2014Detailed filing. Detailed filing data is available for this year.$6.01$5.96$0.05$0.80$0.46$0.34
2013Detailed filing. Detailed filing data is available for this year.$5.98$6.26$0.29$3.31$1.29$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$6.76$2.31$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$6.77$2.16$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$6.73$1.99$0.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$198,235
Mission and Program Overview

Mission

In conjunction with related organizations, midpen housingcorporation's mission is to provide safe, affordable housing of highquality to those in need; to establish stability and opportunity inthe lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live indignity, harmony and mutual respect.

Belle haven,inc. Owns and operates two residential apartment buildings,which it leases at affordable rents to homeless, handicapped andelderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,508,945$1,491,397▼ $17,548
Savings and Temporary Cash Investments$124,805$71,964▼ $52,841
Accounts Receivable$15,057$20,314▲ $5,257
Cash and Non-Interest-Bearing Accounts$3,861$586▼ $3,275
Prepaid Expenses and Deferred Charges$120$0▼ $120
Total Assets$1,859,268$1,832,304▼ $26,964
Other Assets Total$206,480$248,043▲ $41,563
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,895,741$1,895,741→ $0
Other Liabilities$957,468$1,014,040▲ $56,572
Accounts Payable and Accrued Expenses$18,201$20,130▲ $1,929
Deferred Revenue$16$55▲ $39
Total Liabilities$2,871,426$2,929,966▲ $58,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,012,158$-1,097,662▼ $85,504
Total Net Assets Fund Balance$-1,012,158$-1,097,662▼ $85,504
Total Liabilities and Net Assets / Fund Balance$1,859,268$1,832,304▼ $26,964

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,363,054-$1,363,054
Buildings$124,136$907,459$1,031,595
Equipment$0$87,533$87,533
Other Land Buildings$4,207$10,362$14,569
Other Assets Org$24,029--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lance SmithVP/corp. Counsel & Broker/asst. Secretary$375,051$375,051

Board Members and Trustees

NameTitle
Eric HarrisonChairperson
Matthew O FranklinCEO/president/asst. Secret
Jessica Garcia-kohlVice Chairperson
Chan U LeeDirector
Elisa De Laet JagersonDirector
Fay Sien GoonDirector
Jennifer HicksDirector
Jonathan FearnDirector
Melanie MockDirector
Renee McdonnellDirector
Stephanie SonnenshineDirector
Terry FreemanDirector
Yusef FreemanDirector
Abigail Goldware PotluriAssistant Secretary
Joanna CarmanAssistant Secretary
Kasey ArcheyAssistant Secretary
Michael J VerguraCFO / Assistant Secretary
Ann Goggins GregoryCOO / Assistant Secretary
Janine LindCOO / Assistant Secretary
Jennifer MartinezSecretary
Enrique TorresTreasurer
Lance SmithVP/corp. Counsel & Broker/asst. Secr
Revenue and Support

Revenue Composition

Contributions and Grants
$11,736
Program Service Revenue
$172,545
Investment Income
$13,954
Other Revenue
$0
Change in Net Assets
$-85,504

Audited Revenue Reconciliation

Revenue per Audited Statements
$198,235
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$198,235
Total Revenue per Form 990
$198,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,004
Salaries, Compensation, and Employee Benefits$26,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$49,227--$49,227
All Other Expenses$30,104--$30,104
Insurance$22,708--$22,708
Other Salaries and Wages$20,493--$20,493
Depreciation Depletion$17,548--$17,548
Fees for Services Management$14,590--$14,590
Fees for Services Accounting$13,290--$13,290
Other Expenses$5,000--$5,000
Other Employee Benefits$3,356--$3,356
Payroll Taxes$1,736--$1,736
Pension Plan Contributions$1,150--$1,150
Total Functional Expenses$283,739$0$0$283,739

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$283,739
Total Expenses per Audited Statements$283,739
Total Expenses per Form 990$283,739
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$938,864
Payable to Affiliates$61,375
Tenant Security Deposits$13,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The tax accounting manager completes the 990 questionnaire and accumulates all supporting documentation. The questionnaire is sent to the tax professionals for their preparation of the tax returns. The draft 990 tax return goes through the review of the tax accounting manager. Upon the chief financial officer's approval, the tax return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

A conflict of interest disclosure questionnaire is submitted annually to the board of directors and key employees, who complete and return the forms disclosing any conditions of potential or actual conflict of interest. The disclosures are reviewed by the corporate counsel and the cfo. A summary of the disclosures is presented to the governance committee, which assesses if any conflict of interest actually exists. Any conditions which warrant elevation to the board of directors is done so on a case-by-case basis. As of the reporting date, there has been no reportable condition of conflict of interest.

Form 990, Part VI, Section B, Line 15

Data from an external compensation survey is reviewed and discussed with the bod.

Form 990, Part VI, Section C, Line 19

Governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Mid-peninsula Coalition Belle Haven Inc
EIN
77-0047939
Phone
6503562900
Address
303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA 94404

Signing Officer

Name
Michael J Vergura
Title
CFO/assistant Secretary
Phone
6503562900
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew O Franklin
Formed
1984
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1255 TREAT BLVD SUITE 410, WALNUT CREEK, CA 94597
Preparer
Eric Barnett
Phone
9259494300
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A AND 2B:

The organization has no employees. Salaries and wages reported in part ix, functional expenses, were reimbursements to midpen property management corporation. The amount was listed to conform with the requirements of federal and/or state regulatory agencies and/or lenders on audited financial statements.

Form 990, Part IX, Line 24E

Other expenses - real estate taxes and assessments 9,530 workers comp. 1,181 social services fee 19,393 total 30,104

Form 990, Part XII, Line 2C

Process is unchanged from prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The corporation's federal and state income tax returns for the years 2020 through 2023 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for federal and state, respectively.

Raw XML AppendixShowing 400 of 3,031 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BELLE HAVEN,INC. OWNS AND OPERATES TWO RESIDENTIAL APARTMENT BUILDINGS,WHICH IT LEASES AT AFFORDABLE RENTS TO HOMELESS, HANDICAPPED ANDELDERLY INDIVIDUALS.
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