Mid-Peninsula The Farm Inc
- Assets
- $15.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Foster City, CA
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 77-0283355
Organization Overview
Mid-Peninsula The Farm Inc is located in Foster City, CA. The organization was established in 1992. 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. As of 12/2023, Mid-Peninsula The Farm Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Peninsula The Farm 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 The Farm Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $1.1m 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
IT IS THE MISSION OF MID-PENINSULA THE FARM INC AND ITS SUBSIDIARIES TO DEVELOP AND PROVIDE SAFE, AFFORDABLE HOUSING FOR THE COMMUNITIES IT SERVES; TO HELP ESTABLISH OPPORTUNITY AND STABILITY IN THE LIVES OF ITS RESIDENTS; AND TO FOSTER 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 ORGANIZINATION IS A GENERAL PARTNER OF PARTNERSHIPS WHICH OWN AND OPERATE LOW INCOME HOUSING FOR LOW-INCOME FAMILIES. IT IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION THAT DEVELOPS AND PROVIDES SAFE, AFFORADABLE HOUSING FOR THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Burns Chairperson | OfficerTrustee | 0.1 | $0 |
Cynthia Rocha Vice Chairperson | OfficerTrustee | 0.1 | $0 |
Wilma Wilson Secretary | OfficerTrustee | 0.1 | $0 |
Hazel Henderson Director | Trustee | 0.1 | $0 |
Eric Harrison Director | Trustee | 0.1 | $0 |
Erica San Paolo Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dahlin Group Architectural Design | 12/30/17 | $281,255 |
Waldruhnke & Dost Architect Llp Architectural Design | 12/30/17 | $168,623 |
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 | $1,349,634 |
| Investment income | $342,155 |
| 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 | $1,691,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,000 |
| 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 | $271,209 |
| Pension plan accruals and contributions | $32,710 |
| Other employee benefits | $39,246 |
| Payroll taxes | $13,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,741 |
| Fees for services: Accounting | $33,290 |
| 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 | $14,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $600 |
| 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 | $373 |
| All other expenses | $0 |
| Total functional expenses | $1,078,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,360 |
| Savings and temporary cash investments | $3,235,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,335,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,187,347 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,340,767 |
| Intangible assets | $0 |
| Other assets | $985,734 |
| Total assets | $15,297,199 |
| Accounts payable and accrued expenses | $151,566 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,649,864 |
| Total liabilities | $9,801,430 |
| Net assets without donor restrictions | $5,495,769 |
| 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 | $15,297,199 |
Grants Awarded
Over the last fiscal year, Mid-Peninsula The Farm Inc has awarded $136,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MIDPEN HOUSING CORPORATION PURPOSE: TO FUND GP DONATION | $119,000 |
MID-PENINSULA BAKER PARK INC PURPOSE: TO FUND GP DONATION | $17,000 |