Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.15x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 1582.8% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Balance Sheet
Assets
Down$557,665
Down $149,126 (-21%) from 2017
Net Assets
Down$473,272
Down $140,451 (-23%) from 2017
Liabilities
Down$84,393
Down $8,675 (-9.3%) from 2017
Revenue And Expenses
Revenue
Down$35,555
Down $13,629 (-28%) from 2017
Expenses
Up$176,006
Up $4,673 (+2.7%) from 2017
Net Income
Down-$140,451
Down $18,302 (-15%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Nov 11, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $35,555
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 in dignity, harmony and mutual respect.
In conjunction with related organizations, mp can do inc'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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $432,841 | $295,826 | ▼ $137,015 |
| Land, Buildings, and Equipment, Net | $135,500 | $135,500 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $70,924 | $71,645 | ▲ $721 |
| Accounts Receivable | $52,231 | $39,399 | ▼ $12,832 |
| Total Assets | $706,791 | $557,665 | ▼ $149,126 |
| Other Assets Total | $15,295 | $15,295 | → $0 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $73,848 | $67,148 | ▼ $6,700 |
| Other Liabilities | $15,295 | $15,295 | → $0 |
| Accounts Payable and Accrued Expenses | $3,925 | $1,950 | ▼ $1,975 |
| Total Liabilities | $93,068 | $84,393 | ▼ $8,675 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $613,723 | $473,272 | ▼ $140,451 |
| Total Net Assets Fund Balance | $613,723 | $473,272 | ▼ $140,451 |
| Total Liabilities and Net Assets / Fund Balance | $706,791 | $557,665 | ▼ $149,126 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $135,500 | - | $135,500 |
| Investment Program Related Org | $295,826 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Matthew O Franklin | President |
| Angah Miessi | Vice President |
| Kyle Attenhofer | Director |
| Michael J Vergura | CFO and Secretary |
| Annette Green | Secretary |
| Duane Bay | Secretary |
| Enrique Torres | Secretary |
| Jan Lindenthal | Secretary |
| Janine Lind | Secretary |
| William B Webster | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $35,549
- Investment Income
- $6
- Other Revenue
- $0
- Change in Net Assets
- $-140,451
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $135,516 |
| Grants and Similar Amounts Paid | $40,490 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $40,490 | - | - | $40,490 |
| Other Expenses | $1,725 | - | - | $1,725 |
| Fees for Services Accounting | - | $750 | - | $750 |
| Total Functional Expenses | $175,256 | $750 | $0 | $176,006 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Epa Can Do | East Palo Alto, CA | 501(c)(3) | Grant to Support Affordable Housing Activities | $20,245 |
| Midpen Housing Corporation | Foster City, CA | 501(c)(3) | Grant to Support Affordable Housing Activities | $20,245 |
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
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| L/t Advances Payable - I/e | $15,295 |
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 11B
“The corporate accounting manager completes the 990 questionnaire and pulls all supporting documentation. Then the controller reviews the questionnaire and supporting documentation. The controller returns the questionnaire to the corporate accounting manager with questions or comments. Once the changes and comments have been addressed, the questionnaire is sent to the tax professionals for their preparation of the tax returns. The draft 990 tax return goes through the review and approval of the accounting management before filing the form.”
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 whihc 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 compens