Mid-Peninsula Seven Trees Inc
- Assets
- $15.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 77-0222294
Organization Overview
Mid-Peninsula Seven Trees Inc is located in Foster City, CA. The organization was established in 1994. 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 Seven Trees 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 Seven Trees Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 13.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN CONJUCTION WITH RELATED ORGANIZATIONS, MID-PENINSULA SEVEN TREES 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 COMMUNITES THAT ALLOW PEOPLE FROM ALL ETHIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | $572,952 |
| 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 | $572,952 |
| Total Program Service Revenue | $1,525,013 |
| Investment income | $113,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$71,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,193,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,000 |
| 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 | $202,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,667 |
| Payroll taxes | $18,451 |
| Fees for services: Management | $89,598 |
| Fees for services: Legal | $6,323 |
| Fees for services: Accounting | $25,385 |
| 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 | $8,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $267,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $455,634 |
| Insurance | $45,215 |
| All other expenses | $126,407 |
| Total functional expenses | $1,878,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,246 |
| Savings and temporary cash investments | $803,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,172,342 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,454 |
| Net Land, buildings, and equipment | $8,389,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $616,183 |
| Intangible assets | $0 |
| Other assets | $1,347,336 |
| Total assets | $15,481,127 |
| Accounts payable and accrued expenses | $305,023 |
| Grants payable | $0 |
| Deferred revenue | $10,415 |
| 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 | $7,950,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,460 |
| Total liabilities | $8,465,895 |
| Net assets without donor restrictions | $7,015,232 |
| 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 | $15,481,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Peninsula Seven Trees Inc has recieved totaling $22,589.
| Awarding Organization | Amount |
|---|---|
Midpen Housing Corporation Foster City, CA PURPOSE: RELATED TO STATE AWARD | $22,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |