Mission Housing Development Corp
- Assets
- $63.8m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 45
- Location
- San Francisco, CA
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 94-1753722
Organization Overview
Mission Housing Development Corp is located in San Francisco, CA. The organization was established in 1972. 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. As of 12/2021, Mission Housing Development Corp employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Housing Development Corp 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 Housing Development Corp generated $19.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, THE HANDICAPPED AND ELDERLY.
Describe the Organization's Program Activity:
THE CORPORATION SERVES AS A GENERAL PARTNER IN FOUR LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN THREE LIMITED PARTNERSHIPS WHICH PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE SOLE OWNER OF FIVE LIMITED LIABILITY COMPANIES, THE MANAGING MEMBER OF ONE LIMITED LIABILITY COMPANY, AND THE MAJORITY OWNER OF TWO CORPORATIONS WHICH ALL SERVE AS THE GENERAL OR LIMITED PARTNERS IN ELEVEN LIMITED PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. LASTLY, THE CORPORATION IS THE SOLE OWNER OF A CORPORATION WHICH PROVIDES MANAGEMENT SERVICES FOR LOW-INCOME HOUSING IN SAN FRANCISCO, CA.
THE CORPORATION OPERATED APPROXIMATELY 154 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CALIFORNIA.
THE CORPORATION WORKED TOWARD DEVELOPING HOUSING FOR LOW-INCOME FAMILIES, HANDICAPPED AND ELDERLY IN SAN FRANCISCO, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Moss Executive Dir. | Officer | 40 | $237,323 |
Marcia Contreras Deputy Exec. Dir | 40 | $213,708 | |
Marizza Bautista-Ong Controller | 40 | $155,116 | |
Bulbul Goswami Sr. Asset Mgr | 40 | $118,479 | |
Jonathan Lovell Sr. Project Dev | 40 | $108,612 | |
Lisa Mendoza Sr. Asset Mgr | 40 | $101,715 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John M Barber Project Management | 12/30/18 | $101,750 |
Flying Colors Painting/rennovation | 12/30/18 | $241,438 |
Guzman Construction Group Inc General Contractor | 12/30/18 | $2,386,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,513,334 |
| Government grants | $4,459,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,023,998 |
| Total Program Service Revenue | $7,491,032 |
| Investment income | $856,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $172,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,251,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $473,855 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,176 |
| Compensation of current officers, directors, key employees. | $24,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,663,409 |
| Pension plan accruals and contributions | $24,598 |
| Other employee benefits | $476,678 |
| Payroll taxes | $227,637 |
| Fees for services: Management | $186,460 |
| Fees for services: Legal | $63,017 |
| Fees for services: Accounting | $60,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,271 |
| Advertising and promotion | $53,481 |
| Office expenses | $187,388 |
| Information technology | $19,477 |
| Royalties | $0 |
| Occupancy | $2,333,822 |
| Travel | $3,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,269 |
| Interest | $234,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,993 |
| Insurance | $0 |
| All other expenses | -$117,174 |
| Total functional expenses | $12,338,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,965,613 |
| Savings and temporary cash investments | $18,667,859 |
| Pledges and grants receivable | $327,546 |
| Accounts receivable, net | $4,151,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,762,734 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $109,791 |
| Net Land, buildings, and equipment | $9,094,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$39,994,611 |
| Intangible assets | $0 |
| Other assets | $12,705,317 |
| Total assets | $63,790,844 |
| Accounts payable and accrued expenses | $5,117,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,659,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,699 |
| Total liabilities | $15,889,069 |
| Net assets without donor restrictions | $47,901,775 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,790,844 |
Grants Awarded
Over the last fiscal year, Mission Housing Development Corp has awarded $452,490 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENR'L SUPPORT - LOW INC HSG | $399,339 |
San Francisco, CA PURPOSE: GENR'L SUPPORT - LOW INC HSG | $53,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mission Housing Development Corp has recieved totaling $7,916.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |