Mission Housing Development Corp
- Assets
- $66.7m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 40
- Location
- San Francisco, CA
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 94-1753722
Organization Overview
Mission Housing Development Corp is located in San Francisco, CA. The organization was established in 1972. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Mission Housing Development Corp employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Housing Development Corp 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 12/2022, Mission Housing Development Corp generated $27.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $22.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, THE HANDICAPPED AND ELDERLY.
Describe the Organization's Program Activity:
THE CORPORATION SERVES AS A GENERAL PARTNER IN THREE LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN FIVE LIMITED PARTNERSHIPS WHICH PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE SOLE OWNER OF FIVE LIMITED LIABILITY COMPANIES, THE MANAGING MEMBER OF ONE LIMITED LIABILITY COMPANY, AND THE MAJORITY OWNER OF TWO CORPORATIONS WHICH ALL SERVE AS THE GENERAL OR LIMITED PARTNERS IN SIXTEEN LIMITED PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. LASTLY, THE CORPORATION IS THE SOLE OWNER OF A CORPORATION WHICH PROVIDES MANAGEMENT SERVICES FOR LOW-INCOME HOUSING IN SAN FRANCISCO, CA.
THE CORPORATION OPERATED APPROXIMATELY 154 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CALIFORNIA.
THE CORPORATION WORKED TOWARD DEVELOPING HOUSING FOR LOW-INCOME FAMILIES, HANDICAPPED AND ELDERLY IN SAN FRANCISCO, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Moss Executive Dir. | Officer | 40 | $282,538 |
Marcia Contreras Deputy Exec. Dir | 40 | $236,618 | |
Marizza Bautista-Ong Controller | 40 | $143,590 | |
Nicole Reams Dir - Asset Mgmt | 40 | $157,523 | |
Bulbul Goswami Sr. Asset Mgr | 40 | $120,904 | |
Jonathan Lovell Sr. Project Dev | 40 | $117,628 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guzman Construction Group Inc General Contractor | 12/30/18 | $2,386,330 |
Flying Colors Painting/rennovation | 12/30/18 | $241,438 |
John M Barber Project Management | 12/30/18 | $101,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $398,604 |
| Related organizations | $1,096,670 |
| Government grants | $10,462,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,978,607 |
| Total Program Service Revenue | $14,450,151 |
| Investment income | $971,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $246,826 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$82,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,672,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,779 |
| 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. | $290,055 |
| Compensation of current officers, directors, key employees. | $62,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,686,164 |
| Pension plan accruals and contributions | $25,056 |
| Other employee benefits | $492,378 |
| Payroll taxes | $246,455 |
| Fees for services: Management | $183,425 |
| Fees for services: Legal | $134,970 |
| Fees for services: Accounting | $50,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,937 |
| Advertising and promotion | $77,591 |
| Office expenses | $267,669 |
| Information technology | $19,414 |
| Royalties | $0 |
| Occupancy | $1,947,043 |
| Travel | $4,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,576 |
| Interest | $158,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $479,368 |
| Insurance | $0 |
| All other expenses | -$106,586 |
| Total functional expenses | $22,325,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,183,964 |
| Savings and temporary cash investments | $13,702,675 |
| Pledges and grants receivable | $148,612 |
| Accounts receivable, net | $4,655,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,673,581 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,101 |
| Net Land, buildings, and equipment | $10,431,227 |
| Investments—publicly traded securities | $4,883,000 |
| Investments—other securities | $0 |
| Investments—program-related | -$35,680,390 |
| Intangible assets | $0 |
| Other assets | $17,553,565 |
| Total assets | $66,717,890 |
| Accounts payable and accrued expenses | $3,494,361 |
| 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 | $9,853,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,853 |
| Total liabilities | $13,468,929 |
| Net assets without donor restrictions | $53,248,961 |
| 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 | $66,717,890 |
Grants Awarded
Over the last fiscal year, Mission Housing Development Corp has awarded $21,829 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION HSG DEV PRPTY III INC PURPOSE: GENR'L SUPPORT - LOW INC HSG | $14,723 |
SUNSET HOUSING DEV CORP PURPOSE: GENR'L SUPPORT - LOW INC HSG | $7,106 |