MID-Penninsula Hermanas Inc.

990 • Fiscal year 2013 • EIN 94-3197473

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

Organization Profile WWW.MIDPEN-HOUSING.ORG

303 Vintage Park Drive No 25094404

(650) 356-2900

Siviq Scores

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

0.45x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

9.02x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

75%

Higher net margin than 96% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

$409,984

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 299.3% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

5.3%

Faster asset growth than 60% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet

Liabilities / Assets75th percentile

Assets

$2,739,724

Up $136,908 (+5.3%) from 2012

Net Assets

$1,504,285

Up $102,558 (+7.3%) from 2012

Liabilities

$1,235,439

Up $34,350 (+2.9%) from 2012

Revenue And Expenses

Liabilities / Revenue97th percentile Net Margin96th percentile

Revenue

$136,968

No earlier filing loaded for comparison.

Expenses

Down

$34,410

Down $172 (-0.5%) from 2012

Net Income

$102,558

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

Highlighted filing

2013

Assets$2,739,724

Liabilities$1,235,439

Net Assets$1,504,285

Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2013

Revenue$136,968

Expenses$34,410

Net Income$102,558

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: Nov 12, 2014
Return Version: 2013v3.0
Gross Receipts: $136,968

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.

To provide safe, affordable shelter of high quality to those in need of it; to help establish opportunity and stability in the lives of its residents; and to foster communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$705,802	$705,802	→ $0
Savings and Temporary Cash Investments	$175,279	$262,609	▲ $87,330
Investments Program Related	$89,786	$90,044	▲ $258
Total Assets	$2,602,816	$2,739,724	▲ $136,908
Other Assets Total	$1,631,949	$1,681,269	▲ $49,320
Liabilities
Other Liabilities	$1,199,689	$1,232,839	▲ $33,150
Accounts Payable and Accrued Expenses	$1,400	$2,600	▲ $1,200
Total Liabilities	$1,201,089	$1,235,439	▲ $34,350
Net Assets / Fund Balance
Unrestricted Net Assets	$1,401,727	$1,504,285	▲ $102,558
Total Net Assets Fund Balance	$1,401,727	$1,504,285	▲ $102,558
Total Liabilities and Net Assets / Fund Balance	$2,602,816	$2,739,724	▲ $136,908

Asset Categories

Asset	Book Value	Depreciation	Basis
Land	$705,802	-	$705,802
Other Assets Org	$24,333	-	-

Compensation and Service Providers

Top Officer Pay97th percentile

Employees

Name	Title	Other	Total
Edgardo Isana	Broker of Records/asst. Secretary	$97,237	$97,237

Board Members and Trustees

Name	Title
C Mark Battey	Chairperson
Matthew O Franklin	President / Asst. Secretary
Beth Bartlett	Vice Chairperson
Paul Staley	Vice Chairperson
Dariush Kayhan	Director
Erik Doyle	Director
Holly Vocal	Director
Kim Le	Director
Koonal Gandhi	Director
Mari Tustin	Director
Monique Moyer	Director
Richard Slaton	Director
Susan Smartt	Director
Arthur Fatum	CFO / Asst Secretary
Daniel Seubert	Secretary
Therese Freeman	Treasurer
Jan Lindenthal	VP of Development/asst. Secretary
Debra Sobeck	VP of Property Mgmt/asst. Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $113,570
Investment Income: $23,398
Other Revenue: $0
Change in Net Assets: $102,558

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$34,410
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$33,150	-	-	$33,150
Fees for Services Accounting	-	$1,200	-	$1,200
Other Expenses	$10	-	-	$10
Total Functional Expenses	$33,210	$1,200	$0	$34,410

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
94-2910860	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-2791688	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0164512	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3297850	-	To Support Developing & Operating Affordable Housing for Low Inc Persons	501(c)(3)	Line 11a, I	No
77-0151312	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
77-0132850	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
23-7089977	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
94-1738105	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
94-2090479	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0316333	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0325449	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
94-3188698	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
23-7349437	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0047939	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-2556973	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3239542	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3198805	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0262053	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
94-3188806	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0292344	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3292584	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3346915	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11b, Ii	No
77-0295718	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0283619	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3234468	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0469649	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0430914	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0313112	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3197474	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
77-0323473	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
94-3346280	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11b, Ii	No
77-0185730	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3253425	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11b, Ii	No
77-0222294	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
77-0232941	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0283355	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
77-0234676	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 9	No
77-0199866	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11b, Ii	No
77-0280070	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3225882	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3234317	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3228212	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3319924	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3382075	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-3253673	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 11a, I	No
94-1747752	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
77-0058052	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No
94-3291257	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(2)	N/a	No
77-0066443	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	PF	No
77-0066498	-	To Provide Affordable Housing for Low Income Individuals and Families	501(c)(3)	Line 7	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
45-5623896	-	To Provide Affordable Housing for Low Income Individuals and Families	$91,039	$813,363	1%	Yes
77-0546772	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0288393	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0323314	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
86-1096849	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0325450	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3254614	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0199078	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
27-1080806	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-0893466	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0292945	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3225883	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-0984174	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-2662148	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3231236	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3363820	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0294887	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-1128572	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0323472	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-3345954	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
56-2676936	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
56-2676938	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3234778	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
45-0651105	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
71-0990643	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3213101	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3346317	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0251433	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3346919	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
27-4816717	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-2980615	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3457125	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3292585	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
26-3474067	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3366881	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3297661	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3228467	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
55-0916775	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
36-4608203	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
65-1249653	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
71-1030335	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
56-2299898	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
74-3071458	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3234472	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3361618	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3287958	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3324853	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
87-0750877	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3366885	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3366887	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3329955	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
84-1719102	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3253429	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3275464	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
27-2933010	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
26-3339253	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
45-3690931	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3366888	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
56-2329976	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3366889	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3457129	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
27-1929544	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
20-3868901	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-3857247	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
45-4998304	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3385703	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
77-0292950	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3213104	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3382077	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3382078	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-4077571	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3253674	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3191465	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3146236	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
27-1339674	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
94-3303620	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-
46-2662148	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-	-

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
47-0883863	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-
-	-	To Provide Affordable Housing for Low Income Individuals and Families	-	-	-

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Notes Payable	$663,000
Accrued Interest	$569,839

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: 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: No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The corporate assistant controller completes the 990 questionnaire received from the tax accountants and assembles all supporting documentation. Then the controller reviews the questionnaires and supporting documentation. The controller will return the questionnaires to the corporate assistant controller with questions or comments. Once the questions and comments have been addressed, the questionnaires will be sent to the independent tax accountants. After the tax accountants complete the return, the cfo and controller will conduct a detail review of the return. The return is then sent to the president for review. The 990 then goes to the members of the audit committee for review and approval. The return is also sent to each board member for their review and comments prior to filing.”

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 conditions of conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The vp of human resources prepares compensation information and independent survey data for review and discussion with the governance committee of the board of directors, and then again for the board executive session. The vp of human resources makes a recommendation to the governance committee based on the survey data (governance committee completes the president's annual performance evaluation before any compensation is discussed), and the committee take their recommendation forward to the board for approval. The only executive compensation reviewed and approved by the board is the president and cfo.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

EIN: 94-3197473
Phone: 6503562900

Signing Officer

Name: Arthur Fatum
Title: Assistant Secretary
Phone: 6503562900
Signed: 2014-11-12

Organization Details

Principal Officer: Matthew O Franklin
Formed: 1994
Legal Domicile: CA
Voting Board Members: 14
Independent Board Members: 14
Employees: 0
Volunteers: 0

Preparer

Preparer: Alexis H Wong
Phone: 4159579999

Supplemental Narrative

Additional Explanations

FORM 990. PART XII, LINE 2C:

“There is no change in the oversight process or selection process for the audit 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 combined financial statements. The federal and state income tax returns for the years 2009 through 2012 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 2,188 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/ActivityOrMissionDesc	0	TO PROVIDE SAFE, AFFORDABLE SHELTER OF HIGH QUALITY TO THOSE IN NEED OF IT; TO HELP ESTABLISH OPPORTUNITY AND STABILITY IN THE LIVES OF ITS RESIDENTS; AND TO FOSTER COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	LONG-TERM ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	3	LONG-TERM DEF GROUND LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	4	ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	5	GROUND LEASE RECEIVABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	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 COMBINED FINANCIAL STATEMENTS. THE FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2009 THROUGH 2012 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
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Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,739,724
Liabilities: $1,235,439
Net assets: $1,504,285
Revenue: $136,968
Expenses: $34,410
Net income: $102,558

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$79.9	$83.5	$3.61	$0.44	$3.12	$2.68
2023Detailed filing. Detailed filing data is available for this year.	$54.7	$55.6	$0.95	$0.62	$1.00	$0.38
2022Detailed filing. Detailed filing data is available for this year.	$16.6	$17.2	$0.57	$0.50	$0.90	$0.40
2021Detailed filing. Detailed filing data is available for this year.	$12.4	$12.6	$0.17	$0.44	$0.54	$0.10
2020Detailed filing. Detailed filing data is available for this year.	$0.00	$0.06	$0.06	$0.00	$0.13	$0.13
2019Detailed filing. Detailed filing data is available for this year.	$0.07	$0.01	$0.07	$0.00	$0.00	$0.00
2018Detailed filing. Detailed filing data is available for this year.	$0.07	$0.00	$0.07	$0.00	$0.00	$0.00
2017Detailed filing. Detailed filing data is available for this year.	$0.12	$0.05	$0.07	$0.00	$0.02	$0.02
2016Summary only. Only limited summary data is available for this year.	$0.09	$0.00	$0.09	$0.00	$0.00	$0.00
2015Detailed filing. Detailed filing data is available for this year.	$0.10	$0.00	$0.09	$0.00	$0.00	$0.00
2014Detailed filing. Detailed filing data is available for this year.	$0.10	$0.00	$0.10	$0.59	$2.00	$1.41
2013Detailed filing. Detailed filing data is available for this year.	$2.74	$1.24	$1.50	$0.14	$0.03	$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.60	$1.20	$1.40		$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.37	$1.16	$1.22		$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.26	$1.13	$1.13		$0.03