Maof Properties Inc
- Assets
- $8.1m
- Revenue
- $802.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Montebello, CA
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 95-4501175
Organization Overview
Maof Properties Inc is located in Montebello, CA. The organization was established in 1997. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Maof Properties 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 06/2022, Maof Properties Inc generated $802.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $180.0k during the year ending 06/2022. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAOF PROPERTIES INC SUPPORTS THE MISSION OF THE MEXICAN AMERICAN OPPORTUNITY FOUNDATION "TO PROVIDE FOR THE SOCIO-ECONOMIC BETTERMENT OF THE GREATER LATINO COMMUNITY OF CALIFORNIA, WHILE PRESERVING THE PRIDE, VALUES AND HERITAGE OF THE MEXICAN AMERICA CULTURE."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES VOCATIONAL TRAINING IN THE AREA OF MANAGEMENT AND OPERATIONS OF A RETAIL STORE FOR LOW INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Nogales Member | Officer | 0 | $0 |
Jeff Penichet President | Officer | 0 | $0 |
Moctesuma Esparza Secretary | Officer | 0 | $0 |
Fernando Del Rio Member | Officer | 0 | $0 |
Alex Chaves Member | Officer | 0 | $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 | $54,478 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $747,535 |
| 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 | $802,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,500 |
| 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. | $39,145 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $32 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $402 |
| Total functional expenses | $180,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,811 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,134,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509,731 |
| Total assets | $8,067,577 |
| Accounts payable and accrued expenses | $507,926 |
| 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 | $1,393,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,901,115 |
| Net assets without donor restrictions | $0 |
| 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 | $6,166,462 |
| Total liabilities and net assets/fund balances | $8,067,577 |
Grants Awarded
Over the last fiscal year, Maof Properties Inc has awarded $112,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Montebello, CA PURPOSE: PROVIDE OPERATING FUNDS | $102,500 |
MEXICAN AMERICAN CULTURAL EDU PURPOSE: PROVIDE SCHOLARSHIPS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Improvement Program Incorporated Chico, CA | $21,391,562 | $12,094,024 |
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Corporation For Better Housing Woodland Hills, CA | $296,535,247 | $11,913,598 |
Heritage Housing Partners Pasadena, CA | $46,963,988 | $3,328,873 |
Habitat For Humanity International Inc Fairfield, CA | $2,927,144 | $1,679,465 |
Rebuilding Together Sacramento Sacramento, CA | $605,075 | $1,258,303 |
Oakland Community Land Trust Oakland, CA | $15,577,472 | $4,458,347 |
Rebuilding Together Oakland Oakland, CA | $294,014 | $544,113 |
Esperanza-39th Street Partners Corporation Los Angeles, CA | $1,434,255 | $357,264 |
Los Angeles Communities Advocating For Unity Social Justice & Action Montebello, CA | $90,519 | $242,052 |
Sullivan Senior Housing Inc Portland, OR | $2,127,510 | $201,448 |
Rebuilding Together Of The City Of Angels Studio City, CA | $142,680 | $405,025 |