Mp Preservation Inc

Organization Overview

Mp Preservation Inc is located in Foster City, CA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MP Preservation 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, MP Preservation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 44.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MP PRESERVATION INC'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY ADN OPPORTUNITY IN THE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE 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 ORGANIZATION IS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE LOW INCOME HOUSING FOR LOW INCOME PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Seubert
Treasurer
$0
Kim Le
Chair
$0
Gina Diaz
Secretary
$0
Eric Harrison
Vice Chair
$0
Matthew O Franklin
President/asst. Secretary
$0
Janine Lind
Coo/asst. Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$18,888
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$18,888
Total Program Service Revenue$2,828,964
Investment income $0
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 $2,847,852

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