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 12/2019, Mission Economic Development Agency employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Mission Economic Development Agency generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $17.5m during the year ending 12/2019. While expenses have increased by 14.3% per year over the past 5 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 99 individual grants totaling $7,217,577. 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

2019

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 SAN FRANCISCO 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 AFFORDABLE HOUSING. 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 27 AND 22 "SMALL SITES" PROPERTIES AS OF DECEMBER 31, 2019 AND 2018, RESPECTIVELY.


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
$199,602
Jillian Spindle
COO
$152,686
Karoleen Feng
Director Of Real Estate
$150,708
Maria L Arellano-Bravo
Director Of Asset Building
$137,108
Richard Raya
Director Of Mpn
$132,513
Libardo Clavijo
CFO
$123,473

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Future General Construction
Construction
$846,863
Jones It
Computer Support
$124,900
Amone Corporation
Construction
$2,686,016
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$139,070
Related organizations$0
Government grants $5,132,694
All other contributions, gifts, grants, and similar amounts not included above$8,425,814
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,697,578
Total Program Service Revenue$5,900,711
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$85,332
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,512,957

Grants Awarded

Over the last fiscal year, Mission Economic Development Agency has awarded $1,706,534 in support to 26 organizations.

Grant RecipientAmount

INSTITUTO FAMILIAR DE LA RAZA INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$266,000

MISSION GRADUATES

Org PageRecipient Profile

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$228,000

THE JAMESTOWN COMMUNITY CENTER

Org PageRecipient Profile

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$175,000

GOOD SAMARITAN FAMILY RESOURCE CENTER

Org PageRecipient Profile

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$125,000

FAMILY SERVICE AGENCY OF SF

Org PageRecipient Profile

Alameda, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$124,000

MISSION NEIGHBORHOOD CENTER INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: MISSION PROMISE NEIGHBORHOOD

$122,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Mission Economic Development Agency has recieved totaling $163,002.

Awarding OrganizationAmount
Strivetogether Inc

Cincinnati, OH

PURPOSE: Challenge Fund

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$25,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$13,002
View Grant Recipient Profile

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