MISSION ECONOMIC DEVELOPMENT AGENCY

EIN: 510187791 501(c)(3)

SAN FRANCISCO, CA

Total Revenue
$26,474,112
Total Expenses
$31,693,130
Total Assets
$210,455,685
Net Assets
$12,496,718
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Principal Officer
LUIS GRANADOS
Phone
4152823334
Tax Period
2023-01-01 to 2023-12-31

MISSION ECONOMIC DEVELOPMENT AGENCY, founded in 1973, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2023. Expenses of $31.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

ROOTED IN SAN FRANCISCO'S MISSION DISTRICT, MEDA IS ADVANCING A NATIONAL EQUITY MOVEMENT BY BUILDING LATINO PROSPERITY, COMMUNITY OWNERSHIP AND CIVIC POWER.

Program Service Accomplishments

Program 1
Expenses: $12,304,260 Revenue: $7,810,183

THE COMMUNITY REAL ESTATE PROGRAM PRESERVES AND PRODUCES AFFORDABLE HOUSING. SINCE 2015, MEDA HAS PARTNERED WITH OTHER SAN FRANCISCO BASED NON-PROFIT HOUSING DEVELOPERS TO ACQUIRE OR BUILD AFFORDABLE...

Read more

THE COMMUNITY REAL ESTATE PROGRAM PRESERVES AND PRODUCES AFFORDABLE HOUSING. SINCE 2015, MEDA HAS PARTNERED WITH OTHER SAN FRANCISCO BASED NON-PROFIT HOUSING DEVELOPERS TO ACQUIRE OR BUILD AFFORDABLE HOUSING APARTMENT BUILDINGS, BEGINNING IN 2016, WITH THE ASSISTANCE OF THE CITY AND COUNTY OF SAN FRANCISCO, MEDA AND SUBSIDIARIES ALSO BEGAN THEIR ACQUISITION AND REHABILITATION OF "SMALL SITES" IN THE MISSION DISTRICT OF SAN FRANCISCO WITH THE OBJECTIVE OF PRESERVING EXISTING AFFORDABLE HOUSING. MEDA AND SUBSIDIARIES HAVE ACQUIRED 36 "SMALL SITES" PROPERTIES AS OF DECEMBER 31, 2023.

Program 2
Expenses: $5,092,806 Revenue: $1,395

MEDA'S ASSET BUILDING PROGRAMS INCLUDE WORKSHOPS AND INDIVIDUAL COACHING TO HELP LOW-INCOME AND MODERATE-INCOME CLIENTS ACHIEVE FAMILY ECONOMIC SUCCESS. FREE PROGRAMS INCLUDE: FINANCIAL CAPABILITY...

Read more

MEDA'S ASSET BUILDING PROGRAMS INCLUDE WORKSHOPS AND INDIVIDUAL COACHING TO HELP LOW-INCOME AND MODERATE-INCOME CLIENTS ACHIEVE FAMILY ECONOMIC SUCCESS. FREE PROGRAMS INCLUDE: FINANCIAL CAPABILITY, BUSINESS DEVELOPMENT, HOUSING OPPORTUNITIES, FREE TAX PREPARATION, AND WORKFORCE DEVELOPMENT.

Program 3
Expenses: $2,896,013 Revenue: $2,800

MEDA IS THE LEAD AGENCY FOR THE MPN PROGRAM, A FEDERAL INITIATIVE TO HELP FAMILIES SUCCEED AND STUDENTS ACHIEVE. MEDA IS COLLABORATING WITH SAN FRANCISCO UNITED SCHOOL DISTRICT AND A HOST OF VITAL...

Read more

MEDA IS THE LEAD AGENCY FOR THE MPN PROGRAM, A FEDERAL INITIATIVE TO HELP FAMILIES SUCCEED AND STUDENTS ACHIEVE. MEDA IS COLLABORATING WITH SAN FRANCISCO UNITED SCHOOL DISTRICT AND A HOST OF VITAL COMMUNITY PARTNERS TO ENSURE THAT EVERY CHILD IN THE MISSION DISTRICT OF SAN FRANCISCO IS ON TRACK TO THRIVE, FROM CRADLE TO COLLEGE AND BEYOND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,695,758
Program Service Revenue $8,040,828
Investment Income $155,935
Other Revenue $2,581,591
TOTAL REVENUE $26,474,112

Expense Breakdown

Grants Paid $1,019,736
Salaries & Benefits $12,698,093
Fundraising Expenses $847,627
Program Expenses $24,247,970
Other Expenses $17,975,301
TOTAL EXPENSES $31,693,130

Year-over-Year Comparison

2023 2022 Change
Revenue $26,474,112 $26,896,587 0.0%
Expenses $31,693,130 $23,943,298 +0.3%
Net Income $-5,219,018 $2,953,289 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
117
Volunteers
61

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$1,486,728
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAFAEL YAQUIAN-LLLESCAS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TERESA GARCIA VICE CHAIR 1.00
Officer Director
$0 $0 $0
WHITNEY JONES TREASURER 1.00
Officer Director
$0 $0 $0
MARCO CHAVARIN SECRETARY 1.00
Officer Director
$0 $0 $0
JABARI HERBERT MEMBER 1.00
Director
$0 $0 $0
KEVIN STEIN MEMBER 1.00
Director
$0 $0 $0
YSABEL DURON MEMBER 1.00
Director
$0 $0 $0
ED CABRERA MEMBER 1.00
Director
$0 $0 $0
REBECA PATINO MEMBER 1.00
Director
$0 $0 $0
CARINA MARQUEZ MEMBER 1.00
Director
$0 $0 $0
TEDDY GRAY KING VASQUEZ MEMBER 1.00
Director
$0 $0 $0
CAROLINA MARTINEZ MEMBER 1.00
Director
$0 $0 $0
LUIS GRANADOS CEO 40.00
Officer
$366,718 $42,802 $409,520
PRISCILLA CHEN-OK CFO UNTIL 9/15/23 40.00
Officer
$164,256 $13,781 $178,037
JILLIAN SPINDLE CHIEF STRATEGY AND ADVANCEMENT OFFICER 40.00
Officer
$200,077 $13,592 $213,669
KAROLEEN FENG CHIEF COMM. REAL ESTATE OFFICER 40.00
Officer
$185,018 $22,267 $207,285
RICHARD RAYA CSO 40.00
Officer
$191,928 $31,157 $223,085
BERLINA CEGUERRA COO 40.00
Officer
$174,535 $5,291 $179,826
PAMELA BENOIT CFO FROM 9/11/23 40.00
Officer
$72,571 $2,735 $75,306
LUCY PORRAS VP OF DEVELOPMENT & COMMUNICATION 40.00
Highest
$174,768 $10,037 $184,805
ELAINE YEE VP OF COMM. REAL ESTATE 40.00
Highest
$176,927 $18,557 $195,484
RAJNI BANTHIA VP OF EVALUATION 40.00
Highest
$158,165 $23,467 $181,632
CARLOS RAMIREZ FINANCE DIRECTOR 40.00
Highest
$158,034 $5,916 $163,950
PABLO SOLARES-ROWBURY VP, FONDO ADELANTE 40.00
Highest
$156,769 $23,787 $180,556
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $26,474,112 $31,693,130 $210,455,685 $-5,219,018
2022 $26,896,587 $23,943,298 $192,408,729 $2,953,289
2021 $20,206,962 $22,929,222 $193,556,070 $-2,722,260
2020 $27,796,380 $20,429,250 $191,207,226 $7,367,130
2019 $19,512,957 $17,532,930 $131,908,342 $1,980,027
2018 $12,764,815 $14,696,142 $96,315,225 $-1,931,327
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MISSION ECONOMIC DEVELOPMENT AGENCY with other nonprofits in California and across the country.