Mission Housing Development Corp

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 12/2021, Mission Housing Development Corp employed 45 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 12/2021, Mission Housing Development Corp generated $19.3m 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 (5.9%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

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 FOUR LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN THREE 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 ELEVEN 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Guzman Construction Group Inc
General Contractor
$2,386,330
John M Barber
Project Management
$101,750
Flying Colors
Painting/rennovation
$241,438
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,513,334
Government grants $4,459,699
All other contributions, gifts, grants, and similar amounts not included above$50,965
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,023,998
Total Program Service Revenue$7,491,032
Investment income $856,161
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $172,800
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 $19,251,297

Grants Awarded

Over the last fiscal year, Mission Housing Development Corp has awarded $452,490 in support to 2 organizations.

Grant RecipientAmount

COLOSIMO APARTMENTS INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: GENR'L SUPPORT - LOW INC HSG

$399,339

ALTAMONT HOTEL INC

Org PageRecipient Profile

San Francisco, CA

PURPOSE: GENR'L SUPPORT - LOW INC HSG

$53,151
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mission Housing Development Corp has recieved totaling $7,916.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,916
View Grant Recipient Profile

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