Mission Economic Development Agency

Organization Overview

Mission Economic Development Agency is located in San Francisco, CA. The organization was established in 1976. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Mission Economic Development Agency employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Economic Development Agency 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, Mission Economic Development Agency generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $22.9m during the year ending 12/2021. While expenses have increased by 14.3% 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 2016, Mission Economic Development Agency has awarded 139 individual grants totaling $9,004,918. 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

ROOTED IN THE MISSION AND FOCUSED ON SAN FRANCISCO, MEDA'S MISSION IS TO STRENGTHEN LOW- AND MODERATE-INCOME LATINO FAMILIES BY PROMOTING ECONOMIC EQUITY AND SOCIAL JUSTICE THROUGH ASSET BUILDING AND COMMUNITY DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDA IS THE LEAD AGENCY FOR THE MPN PROGRAM, A FEDERAL INITIATIVE TO HELP FAMILIES SUCCEED AND STUDENTS ACHIEVE. MEDA IS COLLABORATING WITH THE SAN FRANCISCO UNIFIED SCHOOL DISTRICT AND A HOST OF VITAL COMMUNITY PARTNERS TO ENSURE THAT EVERY CHILD IN THE MISSION DISTRICT OF SANFRANCISCO IS ON TRACK TO THRIVE, FROM CRADLE TO COLLEGE AND BEYOND.


MEDA'S ASSET BUILDING PROGRAMS INCLUDE WORKSHOPS AND INDIVIDUAL COACHING TO HELP LOW-INCOME AND MODERATE-INCOME CLIENTS ACHIEVE FAMILY ECONOMIC SUCCESS. FREE PROGRAMS INCLUDE: FINANCIAL CAPABILITY, BUSINESS DEVELOPMENT, HOUSING OPPORTUNITIES, FREE TAX PREPARATION, AND WORKFORCE DEVELOPMENT.


THE COMMUNITY REAL ESTATE PROGRAM PRESERVES AND PRODUCES AFFORDABLEHOUSING. SINCE 2015, MEDA HAS PARTNERED WITH OTHER SAN FRANCISCO BASED NON-PROFIT HOUSING DEVELOPERS TO ACQUIRE OR BUILD AFFORDABLE HOUSING APARTMENT BUILDINGS. BEGINNING IN 2016, WITH THE ASSISTANCE OF THE CITY AND COUNTY OF SAN FRANCISCO, MEDA AND SUBSIDIARIES ALSO BEGAN THEIR ACQUISITION AND REHABILITATION OF "SMALL SITES" IN THE MISSION DISTRICT OF SAN FRANCISCO WITH THE OBJECTIVE OF PRESERVING EXISTING AFFORDABLE HOUSING. MEDA AND SUBSIDIARIES HAVE ACQUIRED 33 "SMALL SITES" PROPERTIES AS OF DECEMBER 31, 2021.


MEDA'S COMMUNITY LENDING ARM, THE FONDO ADELANTE, IS A NEW VEHICLE THAT MAKES AFFORDABLE LOANS TO SMALL BUSINESSES WHOSE OWNERS RECEIVE TRAINING AND CONSULTATION FROM MEDA'S BUSINESS DEVELOPMENT PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Luis Granados
CEO
$272,022
Priscilla Chen-Ok
CFO
$175,164
Karoleen Feng
Dir. Of Comm. Real Estate
$174,479
Jillian Spindle
COO
$171,356
Richard Raya
Cso
$154,489
Elaine Yee
Deputy Dir. Comm. Real Estate
$139,893

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Accountemps
Accounting Services
$394,273
Robert Half Finance & Accounting
Accounting Services
$135,291
Zubi Consulting Llc
Consulting Services
$128,868
Lindquist Von Husen & Joyce Llp
Accounting Services
$102,550
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$116,582
Related organizations$0
Government grants $9,567,519
All other contributions, gifts, grants, and similar amounts not included above$3,922,185
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,606,286
Total Program Service Revenue$6,507,146
Investment income $106,156
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$12,626
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,206,962

Grants Awarded

Over the last fiscal year, Mission Economic Development Agency has awarded $1,787,341 in support to 40 organizations.

Grant RecipientAmount

LA RAZA COMMUNITY RESOURCE CENTER

Org PageRecipient Profile

San Francisco, CA

PURPOSE: FAMILY RELIEF FUND

$300,000

INSTITUTO FAMILIAR DE LA RAZA INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO SUPPORT PROGRAMS

$254,000

MISSION GRADUATES

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO SUPPORT PROGRAMS

$202,000

JAMESTOWN COMMUNITY CENTER

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO SUPPORT PROGRAMS

$175,000

MISSION NEIGHBORHOOD CENTER INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO SUPPORT PROGRAMS

$127,000

GOOD SAMARITAN FAMILY RESOURCE CENTER

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO SUPPORT PROGRAMS

$124,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 25 grants that Mission Economic Development Agency has recieved totaling $6,573,353.

Awarding OrganizationAmount
Crankstart Foundation

San Francisco, CA

PURPOSE: BIG SITES INITIATIVE

$1,000,000
Crankstart Foundation

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD - PARTNERS' BRIDGE FUNDING

$1,000,000
Futures Without Violence

San Francisco, CA

PURPOSE: TO SUPPORT BAY AREA COMMUNITIES IN REIMAGINING HOW CHILD AND FAMILY SERVING SYSTEMS CAN MORE EFFECTIVELY INTERRUPT AND PREVENT CHILDHOOD TRAUMA WITH COMMUNITY-DRIVEN STRATEGIES THAT ARE ROOTED IN RACIAL EQUITY, HEALING, AND PREVENTION.

$600,000
Crankstart Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT

$500,000
Crankstart Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT

$500,000
Crankstart Foundation

San Francisco, CA

PURPOSE: BIG SITES INITIATIVE

$500,000
View Grant Recipient Profile

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