Civic Intelligence

Mission Housing Development Properties III Inc.

990 • Fiscal year 2018 • EIN 94-3082775

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 05, 2019

1358 Valencia StreetSan Francisco, CA 94110

(415) 864-6432

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

3.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$144,156

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.6%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

54%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,932,556

Up $231,183 (+8.6%) from 2017

Net Assets

Up

-$94,433

Up $288,462 (+75%) from 2017

Liabilities

Down

$3,026,989

Down $57,279 (-1.9%) from 2017

Revenue

Up

$838,116

Up $294,713 (+54%) from 2017

Expenses

Down

$549,654

Down $1,063 (-0.2%) from 2017

Net Income

Up

$288,462

Up $295,776 (+4044%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $3,306,957Liabilities 2011: $3,358,743Net Assets 2011: -$51,7862011Assets 2012: $3,170,674Liabilities 2012: $3,314,614Net Assets 2012: -$143,9402012Assets 2013: $3,002,748Liabilities 2013: $3,289,081Net Assets 2013: -$286,3332013Assets 2014: $2,926,146Liabilities 2014: $3,237,181Net Assets 2014: -$311,0352014Assets 2015: $2,825,326Liabilities 2015: $3,191,734Net Assets 2015: -$366,4082015Assets 2016: $2,761,987Liabilities 2016: $3,137,568Net Assets 2016: -$375,5812016Assets 2017: $2,701,373Liabilities 2017: $3,084,268Net Assets 2017: -$382,8952017Assets 2018: $2,932,556Liabilities 2018: $3,026,989Net Assets 2018: -$94,4332018Assets 2019: $8,893,401Liabilities 2019: $30,489Net Assets 2019: $8,862,9122019Assets 2020: $21,194,058Liabilities 2020: $6,259,361Net Assets 2020: $14,934,6972020Assets 2021: $18,465,015Liabilities 2021: $2,321,098Net Assets 2021: $16,143,9172021Assets 2022: $17,161,303Liabilities 2022: $1,795,755Net Assets 2022: $15,365,5482022Assets 2023: $14,963,857Liabilities 2023: $0Net Assets 2023: $14,963,8572023Assets 2024: $15,267,719Liabilities 2024: $0Net Assets 2024: $15,267,7192024

Highlighted filing

2018

Assets$2,932,556
Liabilities$3,026,989
Net Assets-$94,433

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $483,015Expenses 2011: $537,171Net Income 2011: -$54,1562011Revenue 2012: $486,505Expenses 2012: $578,659Net Income 2012: -$92,1542012Revenue 2013: $390,986Expenses 2013: $533,379Net Income 2013: -$142,3932013Revenue 2014: $510,602Expenses 2014: $535,304Net Income 2014: -$24,7022014Revenue 2015: $505,392Expenses 2015: $560,765Net Income 2015: -$55,3732015Revenue 2016: $521,566Expenses 2016: $530,739Net Income 2016: -$9,1732016Revenue 2017: $543,403Expenses 2017: $550,717Net Income 2017: -$7,3142017Revenue 2018: $838,116Expenses 2018: $549,654Net Income 2018: $288,4622018Revenue 2019: $894,379Expenses 2019: $817,089Net Income 2019: $77,2902019Revenue 2020: $1,754,991Expenses 2020: $1,167,872Net Income 2020: $587,1192020Revenue 2021: $2,845,206Expenses 2021: $2,094,276Net Income 2021: $750,9302021Revenue 2022: $546,618Expenses 2022: $1,324,987Net Income 2022: -$778,3692022Revenue 2023: $556,589Expenses 2023: $958,280Net Income 2023: -$401,6912023Revenue 2024: $544,724Expenses 2024: $240,862Net Income 2024: $303,8622024

Highlighted filing

2018

Revenue$838,116
Expenses$549,654
Net Income$288,462
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 5, 2019
Return Version
2017v2.2
Gross Receipts
$838,116
Mission and Program Overview

Mission

To provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,304,813$2,210,567▼ $94,246
Savings and Temporary Cash Investments$347,875$381,450▲ $33,575
Cash and Non-Interest-Bearing Accounts$41,587$312,291▲ $270,704
Accounts Receivable$726$26,644▲ $25,918
Pledges and Grants Receivable$6,372$1,604▼ $4,768
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,701,373$2,932,556▲ $231,183
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,003,964$2,945,738▼ $58,226
Accounts Payable and Accrued Expenses$61,290$62,639▲ $1,349
Other Liabilities$18,918$18,516▼ $402
Deferred Revenue$96$96→ $0
Total Liabilities$3,084,268$3,026,989▼ $57,279
Net Assets / Fund Balance
Unrestricted Net Assets$-382,895$-94,433▲ $288,462
Total Net Assets Fund Balance$-382,895$-94,433▲ $288,462
Total Liabilities and Net Assets / Fund Balance$2,701,373$2,932,556▲ $231,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,310,567$2,443,853$3,754,420
Land$900,000-$900,000
Other Land Buildings-$179,245$179,245
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sam MossDirector$144,156$144,156
Marcia ContrerasCFO$132,561$132,561

Board Members and Trustees

NameTitle
Josh ArceChair
Fernando Gomez-benitezVice Chair
Jon LaymanDirector
Irving GonzalesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$699,256
Program Service Revenue
$136,375
Investment Income
$2,485
Other Revenue
$0
Change in Net Assets
$288,462

Audited Revenue Reconciliation

Revenue per Audited Statements
$838,116
Total Revenue per Audited Statements
$838,116
Total Revenue per Form 990
$838,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$411,768
Salaries, Compensation, and Employee Benefits$137,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$234,514--$234,514
Other Salaries and Wages$112,854--$112,854
Depreciation Depletion$94,246--$94,246
Fees for Services Management$23,228$2,581-$25,809
Other Employee Benefits$19,614--$19,614
Office Expenses$15,073$1,665-$16,738
Fees for Services Accounting$13,410$1,490-$14,900
Fees for Services Other$14,664--$14,664
Payroll Taxes$5,418--$5,418
Other Expenses$516--$516
Fees for Services Legal$350--$350
Total Functional Expenses$543,918$5,736$0$549,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$549,654
Total Expenses per Audited Statements$549,654
Total Expenses per Form 990$549,654
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Mortgage Interest$10,476
Tenant Security Deposits$8,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The project is managed by caritas management corporation, a c corporation directly controlled by mission housing development corporation. Mission housing development corporation is a california nonprofit public benefit corporation related to the corporation by common members of the board of directors. Caritas is responsible for the day to day operations of the low income housing project, including maintenance of accounting records, rent collection, facility maintenance, etc.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no subcommittes of the board of directors

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed with the board during the annual audit presentation

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Reviewed as part of honoring any contracts with third party vendors/service providers.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The corporation does not pay compensation, either as an employee or independent contractor, to any individual.one of the corporations officers and one of the corporations directors are compensated employees of mission housing development corporation, a related california nonprofit public benefit corporation (mhdc). Their salaries from mhdc are determined by the board executive committee which and are based on the salary standardization survey from the bay area local initiative support coalition.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The corporation does not pay compensation, either as an employee or independent contractor, to any individual.one of the corporations officers and one of the corporations directors are compensated employees of mission housing development corporation, a related california nonprofit public benefit corporation (mhdc). Their salaries from mhdc are determined by the board executive committee which and are based on the salary standardization survey from the bay area local initiative support coalition.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Mission Housing Dev Prop III Inc
EIN
94-3082775
Phone
4158646432
Address
1358 Valencia Street, San Francisco, CA 94110

Signing Officer

Name
Marcia Contreras
Title
CFO
Signed
2019-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Arce
Formed
1988
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
Spiteri Narasky & Daley LLP
Address
1024 Country Club Dr, Moraga, CA 94556
Preparer
Brieanne E Fairley
Phone
9253762195
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The corporation has been granted tax-exempt status by the internal revenue service under code section 501(c)(3) and by the california franchise tax board under code section 23701(d). The corporation believes that it does not have any uncertain tax positions that are material to the financial statements. The federal and state information returns for the years ending september 30, 2017, 2016, 2015 and 2014 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for the federal and state returns, respectively.

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IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt05037
IRS990/OtherExpensesGrp/ProgramServicesAmt13160
IRS990/OtherExpensesGrp/ProgramServicesAmt21834
IRS990/OtherExpensesGrp/ProgramServicesAmt3516
IRS990/OtherExpensesGrp/TotalAmt05037
IRS990/OtherExpensesGrp/TotalAmt13160
IRS990/OtherExpensesGrp/TotalAmt21834
IRS990/OtherExpensesGrp/TotalAmt3516
IRS990/OtherLiabilitiesGrp/BOYAmt018918
IRS990/OtherLiabilitiesGrp/EOYAmt018516
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0112854
IRS990/OtherSalariesAndWagesGrp/TotalAmt0112854
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05418
IRS990/PayrollTaxesGrp/TotalAmt05418
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06372
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01604
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOSH ARCE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MICELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3TENANT RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1180
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3133403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3133403
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0418562
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03377
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0416872
IRS990/PYProgramServiceRevenueAmt0121464
IRS990/PYRevenuesLessExpensesAmt0-7314
IRS990/PYSalariesCompEmpBnftPaidAmt0133845
IRS990/PYTotalExpensesAmt0550717
IRS990/PYTotalRevenueAmt0543403
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0288462
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0136375
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0347875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0381450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0699256
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0418562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0400743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0388145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0390639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02297345
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01496
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01557
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011085
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0610649
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99520
IRS990ScheduleA/PublicSupportPY170Pct00.99520
IRS990ScheduleA/PublicSupportTotal170Amt02297345
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0699256
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0418562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0400743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0388145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0390639
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02297345
IRS990ScheduleA/TotalSupportAmt02308430
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01310567
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02443853
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03754420
IRS990ScheduleD/ExpensesSubtotalAmt0549654
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0900000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0179245
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0179245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MORTGAGE INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0838116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3) AND BY THE CALIFORNIA FRANCHISE TAX BOARD UNDER CODE SECTION 23701(D). THE CORPORATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS ENDING SEPTEMBER 30, 2017, 2016, 2015 AND 2014 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR THE FEDERAL AND STATE RETURNS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02210567
IRS990ScheduleD/TotalExpensesPerForm990Amt0549654
IRS990ScheduleD/TotalLiabilityAmt018516
IRS990ScheduleD/TotalRevenuePerForm990Amt0838116
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0838116
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0549654
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY CARITAS MANAGEMENT CORPORATION, A C CORPORATION DIRECTLY CONTROLLED BY MISSION HOUSING DEVELOPMENT CORPORATION. MISSION HOUSING DEVELOPMENT CORPORATION IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION RELATED TO THE CORPORATION BY COMMON MEMBERS OF THE BOARD OF DIRECTORS. CARITAS IS RESPONSIBLE FOR THE DAY TO DAY OPERATIONS OF THE LOW INCOME HOUSING PROJECT, INCLUDING MAINTENANCE OF ACCOUNTING RECORDS, RENT COLLECTION, FACILITY MAINTENANCE, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SUBCOMMITTES OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED WITH THE BOARD DURING THE ANNUAL AUDIT PRESENTATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED AS PART OF HONORING ANY CONTRACTS WITH THIRD PARTY VENDORS/SERVICE PROVIDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION DOES NOT PAY COMPENSATION, EITHER AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR, TO ANY INDIVIDUAL.ONE OF THE CORPORATIONS OFFICERS AND ONE OF THE CORPORATIONS DIRECTORS ARE COMPENSATED EMPLOYEES OF MISSION HOUSING DEVELOPMENT CORPORATION, A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION (MHDC). THEIR SALARIES FROM MHDC ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE WHICH AND ARE BASED ON THE SALARY STANDARDIZATION SURVEY FROM THE BAY AREA LOCAL INITIATIVE SUPPORT COALITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION DOES NOT PAY COMPENSATION, EITHER AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR, TO ANY INDIVIDUAL.ONE OF THE CORPORATIONS OFFICERS AND ONE OF THE CORPORATIONS DIRECTORS ARE COMPENSATED EMPLOYEES OF MISSION HOUSING DEVELOPMENT CORPORATION, A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION (MHDC). THEIR SALARIES FROM MHDC ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE WHICH AND ARE BASED ON THE SALARY STANDARDIZATION SURVEY FROM THE BAY AREA LOCAL INITIATIVE SUPPORT COALITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0942921688
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROP MGMT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CARITAS MANAGEMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01358 VALENCIA STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd094110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd9false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.00$15.3$0.54$0.24$0.30
2023Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$0.56$0.96$0.40
2022Detailed filing. Detailed filing data is available for this year.$17.2$1.80$15.4$0.55$1.32$0.78
2021Detailed filing. Detailed filing data is available for this year.$18.5$2.32$16.1$2.85$2.09$0.75
2020Detailed filing. Detailed filing data is available for this year.$21.2$6.26$14.9$1.75$1.17$0.59
2019Detailed filing. Detailed filing data is available for this year.$8.89$0.03$8.86$0.89$0.82$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.93$3.03$0.09$0.84$0.55$0.29
2017Detailed filing. Detailed filing data is available for this year.$2.70$3.08$0.38$0.54$0.55$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.76$3.14$0.38$0.52$0.53$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.83$3.19$0.37$0.51$0.56$0.06
2014Summary only. Only limited summary data is available for this year.$2.93$3.24$0.31$0.51$0.54$0.02
2013Summary only. Only limited summary data is available for this year.$3.00$3.29$0.29$0.39$0.53$0.14
2012Summary only. Only limited summary data is available for this year.$3.17$3.31$0.14$0.49$0.58$0.09
2011Summary only. Only limited summary data is available for this year.$3.31$3.36$0.05$0.48$0.54$0.05