Mp Mezes INC FY2020 filing

Tax-deductible

Foster City, CA501(c)(3)HousingEIN 94-3234317

In conjuction with related organizations, mp mezes inc'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 and economic backgrounds to live in dignity, harmony and mutual respect.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $1.4M a year · 521% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.0M
×16 of total assets
Concern: liabilities are 1600% of assets; over 80%.
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
$281K
Spent
$6.4M
To programs
100%
Net assets
−$4.7M
By yearFY2020–FY2024
Revenue
$281K
FY2020
Revenue by fiscal year
FY2020$281K
FY2021$341K
FY2022$231K
FY2023$181K
FY2024$296K
Expenses
$6.4M
FY2020
Expenses by fiscal year
FY2020$6.4M
FY2021$980K
FY2022$559K
FY2023$149K
FY2024$165K
Net assets
−$4.7M
FY2020
Net assets by fiscal year
FY2020−$4.7M
FY2021−$5.4M
FY2022−$5.7M
FY2023−$5.7M
FY2024−$5.5M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.4M Management & general 0% · $2K

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Chair/Corp. Broker
$0Pt VII · Sec A
Vice Chair
$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
Director
$0Pt VII · Sec A
See Mp Mezes 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 diverse, respectful communities for those in need.

Provided by the organization

This section is blank until Mp Mezes INC claims this page.

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1 program service account for $6.4M of program spending, described in the organization's own filed words · FY2020.
01

The organization is a general partner in two limited partnerships: MP latham associates and MP san mateo transit associates, LP. These partnerships are organized to provide affordable housing for low income individuals and families.

$6.4Mprogram expense

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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 · 5 grants · $5.8M · 2020–2024
Midpen Housing CorporationCA · FY2024$163,000
Midpen Housing CorporationCA · FY2023$130,000
Midpen Housing CorporationCA · FY2022$343,000
Midpen Housing CorporationCA · FY2021$270,000
Midpen Housing CorporationCA · FY2020$4,880,565

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$281K
Ln 12
Fees for servicesLn 2g$281K
Money outPt IX
$6.4M
Ln 25
Programscol B$6.4M
Managementcol C$2K
Owns and owesPt X
−$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$260
Total assetsLn 16$329K
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$281K
Total revenueLn 12$281K
Assets in detailPt X, end of year
CashLn 1$260
Cash and savings togetherLn 1–2$260
InvestmentsLn 11–13$48K
Total assetsLn 16$329K
LiabilitiesLn 26$5.0M
Net assetsLn 32−$4.7M
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 FY20End FY20
Cash and savingsLn 1–2$3K$260
InvestmentsLn 11–13$1.3M$48K
Total assetsLn 16$1.4M$329K
LiabilitiesLn 26$2K$5.0M
Net assetsLn 32$1.4M−$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.9M$4.9M
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$1.5M$1.5M
Total functional expensesLn 25$6.4M$6.4M$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$165K$131K−$5.5M 990 PDF
FY2023 $181K$149K$32K−$5.7M 990 PDF
FY2022 $231K$559K−$327K−$5.7M 990 PDF
FY2021 $341K$980K−$638K−$5.4M 990 PDF
FY2020 Viewing $281K$6.4M−$6.1M−$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $280,774 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,774$280,774
VIII-12 Total revenueRelated to mission $280,774 · Unrelated business $0 · Excluded from tax $0$280,774
Part IX · Statement of functional expenses $6,418,697 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $4,880,565$4,880,565
IX-11c Accounting feesManagement $1,750$1,750
IX-24 Other expenses (24a–d)Programs $1,536,382$1,536,382
IX-25 Total functional expensesPrograms $6,416,947 · Management $1,750 · Fundraising $0$6,418,697
Part X · Balance sheet $329,279 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $3,237$260
X-4 Accounts receivableStart of year $114,654$280,774
X-13 Program-related investmentsStart of year $1,301,389$48,245
X-16 Total assetsStart of year $1,419,280$329,279
X-17 Accounts payable and accrued expensesStart of year $1,500$500
X-25 Other liabilitiesStart of year $0$5,048,922
X-26 Total liabilitiesStart of year $1,500$5,049,422
X-27 Net assets without donor restrictionsStart of year $1,417,780−$4,720,143
X-32 Total net assets or fund balancesStart of year $1,417,780−$4,720,143
X-33 Total liabilities and net assetsStart of year $1,419,280$329,279
Part XI · Reconciliation of net assets −$4,720,143 net assets at year end
XI-1 Total revenue$280,774
XI-2 Total expenses$6,418,697
XI-3 Revenue less expenses−$6,137,923
XI-4 Net assets at start of year$1,417,780
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$4,720,143

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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