Mid Peninsula Scotts Valley Inc
- Assets
- $3.2m
- Revenue
- $172.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 94-3253425
Organization Overview
Mid Peninsula Scotts Valley Inc is located in Foster City, CA. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Mid Peninsula Scotts Valley Inc 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, Mid Peninsula Scotts Valley Inc generated $172.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $241.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN CONJUNCTION WITH RELATED ORGANIZATIONS, MID-PENINSULA SCOTTS VALLEY 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION (IN CONJUNCTION WITH ITS WHOLLY OWNED LIMITED LIABILITY COMPANIES) HAS MANAGING GENERAL PARTNER INTERESTS IN MP SCOTTS VALLEY ASSOCIATES, MP NEW COMMUNITIES ASSOCIATES, MP MANTECA AFFORDABLE HOUSING ASSOCIATES, MP MILPITAS AFFORDABLE HOUSING ASSOCIATES, MP ST STEPHENS ASSOCIATES, AND MP GARDEN STREET LLC, WHOSE MISSION IS TO PROVIDE QUALITY, SAFE AND AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Le Chair | OfficerTrustee | 0.2 | $0 |
Daniel K Seubert Treasurer | OfficerTrustee | 0.2 | $0 |
Eric Harrison Vice Chair | OfficerTrustee | 0.2 | $0 |
Gina Diaz Secretary | OfficerTrustee | 0.2 | $0 |
Matthew O Franklin President/asst. Secretary | Officer | 0.5 | $0 |
Michael J Vergura Cfo/asst. Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $136,730 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $172,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $385 |
| Payroll taxes | $123 |
| Fees for services: Management | $3,126 |
| Fees for services: Legal | $140 |
| Fees for services: Accounting | $5,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,213 |
| Insurance | $3,270 |
| All other expenses | $0 |
| Total functional expenses | $241,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,603 |
| Savings and temporary cash investments | $38,231 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,811 |
| Net Land, buildings, and equipment | $1,188,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,477,899 |
| Intangible assets | $0 |
| Other assets | $5,701 |
| Total assets | $3,212,521 |
| Accounts payable and accrued expenses | $7,577 |
| 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 | $612,941 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,915,118 |
| Total liabilities | $4,535,636 |
| Net assets without donor restrictions | -$1,323,115 |
| 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 | $3,212,521 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid Peninsula Scotts Valley Inc has recieved totaling $23,509.
| Awarding Organization | Amount |
|---|---|
Midpen Housing Corporation Foster City, CA PURPOSE: STATE OF CALIFORNIA (CA PUBLIC UTILITIES COMMISSION) | $23,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elwyn California San Jose, CA | $38,347,314 | $73,477,787 |
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |