Mid-Peninsula Seven Trees Inc
- Assets
- $10.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 08/1994
- Data as of
- 12/2023
- 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 12/2023, Mid-Peninsula Seven Trees Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Eric Harrison Chairperson | OfficerTrustee | 0.2 | $0 |
Gina Diaz Secretary | OfficerTrustee | 0.2 | $0 |
Enrique Torres Treasurer | OfficerTrustee | 0.2 | $0 |
Jessica Garcia-Kohl Vice Chairperson | OfficerTrustee | 0.2 | $0 |
Terry Freeman Director | Trustee | 0.2 | $0 |
Beth Bartlett Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $612,948 |
| 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 | $612,948 |
| Total Program Service Revenue | $1,644,721 |
| Investment income | $53,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,296,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,000 |
| 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 | $196,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,511 |
| Payroll taxes | $16,418 |
| Fees for services: Management | $105,948 |
| Fees for services: Legal | $13,670 |
| Fees for services: Accounting | $29,494 |
| 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 | $11,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $237,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $409,671 |
| Insurance | $49,795 |
| All other expenses | $186,132 |
| Total functional expenses | $6,431,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,014 |
| Savings and temporary cash investments | $617,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,286 |
| 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 | $3,219 |
| Net Land, buildings, and equipment | $7,757,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $615,396 |
| Intangible assets | $0 |
| Other assets | $1,426,799 |
| Total assets | $10,543,246 |
| Accounts payable and accrued expenses | $340,269 |
| Grants payable | $0 |
| Deferred revenue | $18,995 |
| 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 | $7,351,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,138 |
| Total liabilities | $7,905,625 |
| Net assets without donor restrictions | $2,637,621 |
| 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 | $10,543,246 |