In conjunction with related organizations, midpen housing corporation's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social andeconomic backgrounds to live in dignity, harmony and mutual respect.

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $45K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
1666 mo
of spending, in cash
Looks good: 1666.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
×10 vs prior year
Spent
$3K
To programs
38%
Net assets
$399K
By yearFY2020–FY2024
Revenue
$35K
FY2024▲ ×10
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$938K
FY2022$7K
FY2023$4K
FY2024$35K
Expenses
$3K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$859K
FY2022$2K
FY2023$0
FY2024$3K
Net assets
$399K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.0M
FY2021−$2.9M
FY2022$288K
FY2023$367K
FY2024$399K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $1K Management & general 62% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Menlo Gateway INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides safe, affordable housing and fosters stable, diverse communities for those in need.

Questions for Menlo Gateway INC

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Provided by the organization

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1 program · $1K · in their own filed words · FY2024
01

To provide affordable housing for low to moderate income families, theelderly, and the disabled.

$1Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $140K · 2020–2021
Midpen Housing CorporationCA · FY2021$75,413
Midpen Housing CorporationCA · FY2020$65,061

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Investment incomeLn 3$32K
Fees for servicesLn 2g$3K
Money outPt IX
$3K
Ln 25
Programscol B$1K
Managementcol C$2K
Owns and owesPt X
$399K
net assets · Ln 32
Cash and savingsLn 1–2$403K
Total assetsLn 16$403K
LiabilitiesLn 26$3K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3K
Investment incomeLn 3$32K
Total revenueLn 12$35K
Assets in detailPt X, end of year
SavingsLn 2$403K
Cash and savings togetherLn 1–2$403K
Total assetsLn 16$403K
LiabilitiesLn 26$3K
Net assetsLn 32$399K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$312K$403K
Total assetsLn 16$387K$403K
LiabilitiesLn 26$20K$3K
Net assetsLn 32$367K$399K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$3K$1K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $35K$3K$33K$399K 990 PDF
FY2023 $4K$0$4K$367K 990 PDF
FY2022 $7K$2K$5K$288K 990 PDF
FY2021 $938K$859K$79K−$2.9M 990 PDF
FY2020 $1.9M$1.8M$105K−$3.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $35,402 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$3,250
I-10 Investment incomePrior year $3,517$32,152
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,517$35,402
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$2,899
I-18 Total expensesPrior year $0$2,899
I-19 Revenue less expensesPrior year $3,517$32,503
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,402 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,250$3,250
VIII-3 Investment incomeExcluded from tax $32,152$32,152
VIII-12 Total revenueRelated to mission $3,250 · Unrelated business $0 · Excluded from tax $32,152$35,402
Part IX · Statement of functional expenses $2,899 across 2 lines filed
IX-11c Accounting feesManagement $1,805$1,805
IX-24e All other expensesPrograms $1,094$1,094
IX-25 Total functional expensesPrograms $1,094 · Management $1,805 · Fundraising $0$2,899
Part X · Balance sheet $402,513 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $311,613$402,513
X-4 Accounts receivableStart of year $75,439$0
X-16 Total assetsStart of year $387,052$402,513
X-17 Accounts payable and accrued expensesStart of year $2,650$0
X-25 Other liabilitiesStart of year $17,764$3,372
X-26 Total liabilitiesStart of year $20,414$3,372
X-27 Net assets without donor restrictionsStart of year $366,638$399,141
X-32 Total net assets or fund balancesStart of year $366,638$399,141
X-33 Total liabilities and net assetsStart of year $387,052$402,513
Part XI · Reconciliation of net assets $399,141 net assets at year end
XI-1 Total revenue$35,402
XI-2 Total expenses$2,899
XI-3 Revenue less expenses$32,503
XI-4 Net assets at start of year$366,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$399,141

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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