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Mp Mezes INC FY2021 filing

Tax-deductible

Foster City, CA501(c)(3)HousingEIN 94-3234317Revenue $341K in FY2021

On file with the IRSmidpen-housing.org303 Vintage Park Dr Ste 250, 94404-1176 · Foster City, CATax-exempt since Aug 1996Supporting organization — 509(a)(3)

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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

FY2021 · 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: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.8M
×15 of total assets
Concern: liabilities are 1500% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
+22% vs prior year
Spent
$980K
To programs
100%
Net assets
−$5.4M
By yearFY2020–FY2024
Revenue
$341K
FY2021▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$281K
FY2021$341K
FY2022$231K
FY2023$181K
FY2024$296K
Expenses
$980K
FY2021▼ -85%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$980K
FY2022$559K
FY2023$149K
FY2024$165K
Net assets
−$5.4M
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.7M
FY2021−$5.4M
FY2022−$5.7M
FY2023−$5.7M
FY2024−$5.5M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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% · $979K Management & general 0% · $250

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
Kim Le
Chair
$0Pt VII · Sec A
Eric Harrison
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Gina Diaz
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Battey
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.

Questions for Mp Mezes INC

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Provided by the organization

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1 program · $979K · in their own filed words · FY2021
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.

$979Kprogram 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 · 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$341K
Ln 12
Fees for servicesLn 2g$341K
Money outPt IX
$980K
Ln 25
Programscol B$979K
Managementcol C$250
Owns and owesPt X
−$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$402K
LiabilitiesLn 26$5.8M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$341K
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$48K
Other assetsLn 15$1K
Total assetsLn 16$402K
LiabilitiesLn 26$5.8M
Net assetsLn 32−$5.4M
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 FY21End FY21
Cash and savingsLn 1–2$260$11K
InvestmentsLn 11–13$48K$48K
Total assetsLn 16$329K$402K
LiabilitiesLn 26$5.0M$5.8M
Net assetsLn 32−$4.7M−$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$270K$270K
Accounting feesLn 11c$250$250
Other expenses (24a–d)Ln 24$709K$709K
Total functional expensesLn 25$980K$979K$250$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 Viewing $341K$980K−$638K−$5.4M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $341,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $280,774$341,405
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $280,774$341,405
I-13 Grants and similar amounts paidPrior year $4,880,565$270,000
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 $1,538,132$709,703
I-18 Total expensesPrior year $6,418,697$979,703
I-19 Revenue less expensesPrior year −$6,137,923−$638,298
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $341,405 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $341,405$341,405
VIII-12 Total revenueRelated to mission $341,405 · Unrelated business $0 · Excluded from tax $0$341,405
Part IX · Statement of functional expenses $979,703 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $270,000$270,000
IX-11c Accounting feesManagement $250$250
IX-24 Other expenses (24a–d)Programs $709,453$709,453
IX-25 Total functional expensesPrograms $979,453 · Management $250 · Fundraising $0$979,703
Part X · Balance sheet $401,690 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $260$11,120
X-4 Accounts receivableStart of year $280,774$341,405
X-13 Program-related investmentsStart of year $48,245$48,165
X-15 Other assetsStart of year $0$1,000
X-16 Total assetsStart of year $329,279$401,690
X-17 Accounts payable and accrued expensesStart of year $500$0
X-25 Other liabilitiesStart of year $5,048,922$5,760,131
X-26 Total liabilitiesStart of year $5,049,422$5,760,131
X-27 Net assets without donor restrictionsStart of year −$4,720,143−$5,358,441
X-32 Total net assets or fund balancesStart of year −$4,720,143−$5,358,441
X-33 Total liabilities and net assetsStart of year $329,279$401,690
Part XI · Reconciliation of net assets −$5,358,441 net assets at year end
XI-1 Total revenue$341,405
XI-2 Total expenses$979,703
XI-3 Revenue less expenses−$638,298
XI-4 Net assets at start of year−$4,720,143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,358,441

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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