Civic Intelligence

MID-Peninsula Horizons Inc

EIN 77-0283619 • 501(c)3 • Foster City, CA

Profile

In conjunction with related organizations, midpen housing corporation's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, 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

80th percentile

0.31x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.91x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$716,168

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 225.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

28th percentile

-5.3%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

2.4%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$936,166

Down $52,324 (-5.3%) from 2023

Liabilities

Down

$289,764

Down $17,574 (-5.7%) from 2023

Net Assets

Down

$646,402

Down $34,750 (-5.1%) from 2023

Revenue

Up

$317,637

Up $7,473 (+2.4%) from 2023

Expenses

Up

$352,387

Up $23,868 (+7.3%) from 2023

Net Income

Down

-$34,750

Down $16,395 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,577,284Liabilities 2011: $304,702Net Assets 2011: $1,272,5822011Assets 2012: $1,507,109Liabilities 2012: $258,791Net Assets 2012: $1,248,3182012Assets 2013: $1,478,457Liabilities 2013: $290,788Net Assets 2013: $1,187,6692013Assets 2014: $1,394,545Liabilities 2014: $263,148Net Assets 2014: $1,131,3972014Assets 2015: $1,356,473Liabilities 2015: $263,474Net Assets 2015: $1,092,9992015Assets 2016: $1,319,054Liabilities 2016: $272,809Net Assets 2016: $1,046,2452016Assets 2017: $1,272,327Liabilities 2017: $267,288Net Assets 2017: $1,005,0392017Assets 2018: $1,238,921Liabilities 2018: $273,224Net Assets 2018: $965,6972018Assets 2019: $1,213,648Liabilities 2019: $275,621Net Assets 2019: $938,0272019Assets 2020: $1,143,553Liabilities 2020: $308,563Net Assets 2020: $834,9902020Assets 2021: $1,066,540Liabilities 2021: $294,020Net Assets 2021: $772,5202021Assets 2022: $982,191Liabilities 2022: $282,684Net Assets 2022: $699,5072022Assets 2023: $988,490Liabilities 2023: $307,338Net Assets 2023: $681,1522023Assets 2024: $936,166Liabilities 2024: $289,764Net Assets 2024: $646,4022024

Highlighted filing

2024

Assets$936,166
Liabilities$289,764
Net Assets$646,402

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $277,4232011Expenses 2012: $282,1702012Expenses 2013: $346,7612013Revenue 2014: $252,157Expenses 2014: $308,429Net Income 2014: -$56,2722014Revenue 2015: $257,994Expenses 2015: $296,392Net Income 2015: -$38,3982015Revenue 2016: $267,638Expenses 2016: $293,166Net Income 2016: -$25,5282016Revenue 2017: $278,703Expenses 2017: $319,909Net Income 2017: -$41,2062017Revenue 2018: $280,797Expenses 2018: $320,139Net Income 2018: -$39,3422018Revenue 2019: $282,860Expenses 2019: $310,530Net Income 2019: -$27,6702019Revenue 2020: $273,801Expenses 2020: $376,838Net Income 2020: -$103,0372020Revenue 2021: $287,456Expenses 2021: $349,926Net Income 2021: -$62,4702021Revenue 2022: $287,130Expenses 2022: $360,143Net Income 2022: -$73,0132022Revenue 2023: $310,164Expenses 2023: $328,519Net Income 2023: -$18,3552023Revenue 2024: $317,637Expenses 2024: $352,387Net Income 2024: -$34,7502024

Highlighted filing

2024

Revenue$317,637
Expenses$352,387
Net Income-$34,750

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.29$0.65$0.32$0.35$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.31$0.68$0.31$0.33$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.28$0.70$0.29$0.36$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.07$0.29$0.77$0.29$0.35$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.31$0.83$0.27$0.38$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.28$0.94$0.28$0.31$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.24$0.27$0.97$0.28$0.32$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.27$1.01$0.28$0.32$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.27$1.05$0.27$0.29$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.36$0.26$1.09$0.26$0.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.26$1.13$0.25$0.31$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.29$1.19$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.26$1.25$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.30$1.27$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.2
Gross Receipts
$317,637
Mission and Program Overview

Mission

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

The organization operates a 24 unit affordable housing complex that provides permanent independent living for adults with development disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$641,085$614,200▼ $26,885
Savings and Temporary Cash Investments$79,696$7,450▼ $72,246
Accounts Receivable$1,854$2,009▲ $155
Prepaid Expenses and Deferred Charges$85$0▼ $85
Total Assets$988,490$936,166▼ $52,324
Other Assets Total$265,770$312,507▲ $46,737
Liabilities
Mortgage Notes Payable Secured by Investment Property$185,877$185,877→ $0
Other Liabilities$75,224$77,894▲ $2,670
Accounts Payable and Accrued Expenses$40,196$21,236▼ $18,960
Deferred Revenue$6,041$4,757▼ $1,284
Total Liabilities$307,338$289,764▼ $17,574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$681,152$646,402▼ $34,750
Total Net Assets Fund Balance$681,152$646,402▼ $34,750
Total Liabilities and Net Assets / Fund Balance$988,490$936,166▼ $52,324

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$139,064$1,744,464$1,883,528
Land$475,000-$475,000
Equipment$136$98,914$99,050
Leasehold Improvements$0$24,845$24,845
Other Assets Org$14,562--
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
$143,735
Program Service Revenue
$159,238
Investment Income
$14,664
Other Revenue
$0
Change in Net Assets
$-34,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$317,637
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$317,637
Total Revenue per Form 990
$317,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,190
Salaries, Compensation, and Employee Benefits$48,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,965--$35,965
Depreciation Depletion$26,885--$26,885
Office Expenses$21,285--$21,285
Fees for Services Management-$20,736-$20,736
All Other Expenses$20,084--$20,084
Other Expenses$16,636--$16,636
Fees for Services Accounting-$13,331-$13,331
Insurance$10,466--$10,466
Other Employee Benefits$9,392--$9,392
Payroll Taxes$2,840--$2,840
Interest$1,858--$1,858
Fees for Services Other$1,048--$1,048
Conferences and Meetings$689--$689
Total Functional Expenses$318,320$34,067$0$352,387

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$352,387
Total Expenses per Audited Statements$352,387
Total Expenses per Form 990$352,387
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
Interest Payable$62,101
Security Deposits Payable$15,555
Related Party-payable$238
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 are available upon request.

Filing and Contact Details

Filer

Filer Name
Mid-peninsula Horizons Inc
EIN
77-0283619
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
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew O Franklin
Formed
1990
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 & 2B:

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

FORM 990, PART XII, LINE 2C:

The process of overseeing the audit and selecting an independent accountant has not changed from the 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 information 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 3,026 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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