Mid-Peninsula The Farm Inc
- Assets
- $14.4m
- Revenue
- $736.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Foster City, CA
- Founding
- 04/1992
- Data as of
- 12/2021
- 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 12/2021, Mid-Peninsula The Farm Inc employed 4 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 12/2021, Mid-Peninsula The Farm Inc generated $736.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $1.8m 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
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 |
|---|---|---|---|
Lillian Lew-Hailer VP Of Development And Construction | Officer | 45 | $236,181 |
Joanna L Carman Director Of Housing Development | 45 | $215,004 | |
Apolonio Munoz Associate Director | 45 | $148,606 | |
Elizabeth Nahas Wilson Director Of Special Projects | 45 | $135,873 | |
Matthew O Franklin President/asst. Secretary | OfficerTrustee | 0.1 | $0 |
Michael J Vergura Cfo/asst. Secretary | OfficerTrustee | 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 | $121,700 |
| 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 | $121,700 |
| Total Program Service Revenue | $416,673 |
| Investment income | $198,465 |
| 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 | $736,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| 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. | $236,181 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,700 |
| Pension plan accruals and contributions | $15,330 |
| Other employee benefits | $24,606 |
| Payroll taxes | $30,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $0 |
| Office expenses | $10,480 |
| 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 | $1,835 |
| All other expenses | $0 |
| Total functional expenses | $1,823,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,284 |
| Savings and temporary cash investments | $3,343,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,038,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,962,926 |
| 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 | $3,266,889 |
| Intangible assets | $0 |
| Other assets | $1,032,275 |
| Total assets | $14,431,601 |
| Accounts payable and accrued expenses | $211,054 |
| 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 | $8,813,541 |
| Total liabilities | $9,024,595 |
| Net assets without donor restrictions | $5,407,006 |
| 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 | $14,431,601 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Peninsula The Farm Inc has recieved totaling $12,137.
| Awarding Organization | Amount |
|---|---|
Midpen Housing Corporation Foster City, CA PURPOSE: RELATED TO HUD GRANT | $12,137 |
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 |