Midpen Housing Corporation

Organization Overview

Midpen Housing Corporation is located in Foster City, CA. The organization was established in 1971. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midpen Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Midpen Housing Corporation generated $50.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $22.5m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Midpen Housing Corporation has awarded 57 individual grants totaling $4,418,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION DEVELOPS AND OPERATES SAFE AND AFFORDABLE HOUSING OF HIGH QUALITY FOR LOW- AND VERY-LOW INCOME INDIVIDUALS AND FAMILIES, INCLUDING ELDERLY AND DISABLED PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Le
Chair
$0
Gina Diaz
Secretary
$0
Dan Seubert
Treasurer
$0
Eric Harrison
Vice Chair
$0
Matthew O Franklin
President/asst Secretary
$0
Michael J Vergura
Cfo/asst. Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Depaul Law Inc
Legal Services
$152,105
The Winters Group Inc
Consulting Service
$267,500
Langan Engineering & Envir Svcs Inc
Engineering/surveyors/planning Service
$127,511
Xantrion Inc
Data Storage/ It Service
$421,079
Craig Communications Inc
Engineering/surveyors/planning Service
$126,087
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$12,168,189
Government grants $8,195,453
All other contributions, gifts, grants, and similar amounts not included above$280,042
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,643,684
Total Program Service Revenue$23,616,161
Investment income $3,719,104
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$37,503
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,937,724

Grants Awarded

Over the last fiscal year, Midpen Housing Corporation has awarded $693,353 in support to 12 organizations.

Grant RecipientAmount

MP PICKERING INC

PURPOSE: RELATED TO CITY OF LIVERMORE REIMBURSEMENT FUND

$235,372

MIDPEN RESIDENT SERVICES CORP

Org PageRecipient Profile

Foster City, CA

PURPOSE: RELATED TO CIF GRANT

$150,000

MIDPEN RESIDENT SERVICES CORP

Org PageRecipient Profile

Foster City, CA

PURPOSE: RELATED TO MIDWAY PROJECT

$100,000

MIDPEN RESIDENT SERVICES CORP

Org PageRecipient Profile

Foster City, CA

PURPOSE: RELATED TO HUD GRANT (MOON GATE)

$79,594

MIDPEN RESIDENT SERVICES CORP

Org PageRecipient Profile

Foster City, CA

PURPOSE: ACAP GRANT

$60,000

NON PROFIT HOUSING ASSOCIATE OF NORTHERN CA

Org PageRecipient Profile

San Francisco, CA

PURPOSE: FOR EVENTS' DONATION

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Midpen Housing Corporation has recieved totaling $128,486.

Awarding OrganizationAmount
The Housing Partnership Network Inc

Boston, MA

PURPOSE: RESIDENT SERVICES SUPPORT, COUNSELING OUTREACH & INCENTIVES

$76,500
Mp Can Do Inc

Foster City, CA

PURPOSE: GRANT TO SUPPORT AFFORDABLE HOUSING ACTIVITIES

$26,986
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$25,000
View Grant Recipient Profile

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