MID-PENINSULA COALITION BELLE HAVE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2023-01-01 to 2023-12-31

MID-PENINSULA COALITION BELLE HAVEN INC, founded in 1984, is a small nonprofit that reported $462K in total revenue in fiscal year 2023. Expenses of $662K exceeded revenue, resulting in a 43% operating deficit.

Mission

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MIDPEN HOUSINGCORPORATION'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGHQUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY AND OPPORTUNITY INTHE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE INDIGNITY, HARMONY AND MUTUAL RESPECT.

Program Service Accomplishments

Program 1

Expenses: $55,383

BELLE HAVEN, INC. OWNS AND LEASES REAL PROPERTY TO OTHER NONPROFITORGANIZATIONS AND GOVERNMENTAL AGENCIES TO PROVIDE AFFORDABLE HOUSINGAND HOMELESS SHELTERS.

Program 2

Expenses: $395,737 Revenue: $211,165

BELLE HAVEN JESSIE STREET APARTMENTS OWNS & OPERATES 14 RESIDENTIALAPARTMENT UNITS, WHICH IT LEASES AT AFFORDABLE RENTS TO HOMELESS,HANDICAPPED & ELDERLY INDIVIDUALS.

Program 3

Expenses: $211,245 Revenue: $184,588

BELLE HAVEN SUNDIAL APARTMENTS OWNS & OPERATES 11 RESIDENTIAL APARTMENTUNITS, WHICH IT LEASES AT AFFORDABLE RENTS TO HOMELESS, HANDICAPPED &ELDERLY INDIVIDUALS.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,477

Program Service Revenue $395,753

Investment Income $12,565

Other Revenue $0

TOTAL REVENUE $461,795

Expense Breakdown

Grants Paid $352,117

Salaries & Benefits $41,078

Fundraising Expenses $0

Program Expenses $662,365

Other Expenses $269,170

TOTAL EXPENSES $662,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,795	$432,697	+0.1%
Expenses	$662,365	$460,182	+0.4%
Net Income	$-200,570	$-27,485	+6.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$2,820,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HARRISON	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
JESSICA GARCIA-KOHL	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
GINA DIAZ	SECRETARY	0.20	Officer Director	$0	$0	$0
ENRIQUE TORRES	TREASURER	0.20	Officer Director	$0	$0	$0
TERRY FREEMAN	DIRECTOR	0.20	Director	$0	$0	$0
RENEE MCDONNELL	DIRECTOR	0.20	Director	$0	$0	$0
BETH BARTLETT	DIRECTOR	0.20	Director	$0	$0	$0
ELISA DE LAET JAGERSON	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER HICKS	DIRECTOR	0.20	Director	$0	$0	$0
FAY SIEN GOON	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER MARTINEZ	DIRECTOR	0.20	Director	$0	$0	$0
CHAN U LEE	DIRECTOR	0.20	Director	$0	$0	$0
ROB HOLLISTER	DIRECTOR	0.20	Director	$0	$0	$0
MATTHEW O FRANKLIN	CEO/PRESIDENT/ASST. SECRETARY	0.50	Officer	$0	$54,523	$692,605
SHWETHA SUBRAMANIAN	CREDO / ASSISTANT SECRETARY	0.00	Officer	$0	$12,167	$383,262
MICHAEL J VERGURA	CFO / ASSISTANT SECRETARY	0.50	Officer	$0	$59,660	$484,601
JANINE LIND	COO / ASSISTANT SECRETARY	1.00	Officer	$0	$45,469	$533,385
LANCE SMITH	VP/CORP. COUNSEL & BROKER/ASST. SECRETARY	0.00	Officer	$0	$45,625	$355,061
KASEY ARCHERY	ASSISTANT SECRETARY	0.10	Officer	$0	$33,914	$371,936

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	$461,795	$662,365	$1,859,268	$-200,570
2022	$432,697	$460,182	$3,009,466	$-27,485
2021	$373,015	$424,116	$2,958,752	$-51,101
2020	$486,309	$469,828	$3,030,553	$16,481
2019	$385,724	$446,763	$2,897,849	$-61,039
2018	$449,346	$450,509	$2,670,425	$-1,163

MID-PENINSULA COALITION BELLE HAVEN INC