Mission Housing Development Corpor… - 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

1971

Legal Domicile

Principal Officer

IRVING GONZALES

Phone

4158646432

Tax Period

2023-01-01 to 2023-12-31

Mission Housing Development Corporation, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $30.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES, THE HANDICAPPED AND ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $17,675,158 Revenue: $6,311,207

THE CORPORATION SERVES AS A GENERAL PARTNER IN THREE LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN SIX LIMITED PARTNERSHIPS WHICH PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. THE CORPORATION...

THE CORPORATION SERVES AS A GENERAL PARTNER IN THREE LIMITED PARTNERSHIPS AND THE LIMITED PARTNER IN SIX LIMITED PARTNERSHIPS WHICH PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS THE SOLE OWNER OF SIX LIMITED LIABILITY COMPANIES, THE MANAGING MEMBER OF ONE LIMITED LIABILITY COMPANY, AND THE MAJORITY OWNER OF TWO CORPORATIONS WHICH ALL SERVE AS THE GENERAL OR LIMITED PARTNERS IN THIRTEEN LIMITED PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING IN SAN FRANCISCO, CA. LASTLY, THE CORPORATION IS THE SOLE OWNER OF A CORPORATION WHICH PROVIDES MANAGEMENT SERVICES FOR LOW-INCOME HOUSING IN SAN FRANCISCO, CA.

Program 2

Expenses: $8,193,636 Revenue: $3,655,713

THE CORPORATION WORKED TOWARD DEVELOPING HOUSING FOR LOW-INCOME FAMILIES, HANDICAPPED AND ELDERLY IN SAN FRANCISCO, CALIFORNIA.

Program 3

Expenses: $2,329,579 Revenue: $2,032,726

THE CORPORATION OPERATED APPROXIMATELY 154 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CALIFORNIA.

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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 $17,477,763

Program Service Revenue $10,589,787

Investment Income $1,567,837

Other Revenue $580,673

TOTAL REVENUE $30,216,060

Expense Breakdown

Grants Paid $42,500

Salaries & Benefits $4,232,893

Fundraising Expenses $9,974

Program Expenses $29,757,691

Other Expenses $26,958,600

TOTAL EXPENSES $31,233,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,216,060	$27,672,713	+0.1%
Expenses	$31,233,993	$22,325,527	+0.4%
Net Income	$-1,017,933	$5,347,186	-1.2%

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

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

$281,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM MOSS	Executive Dir.	40.00	Officer	$272,650	$8,818	$281,468
MARCIA CONTRERAS	DEPUTY EXEC. DIR	40.00		$229,985	$17,369	$247,354
MARIZZA BAUTISTA-ONG	CONTROLLER	40.00		$172,666	$36,159	$208,825
KEVIN KITCHINGHAM	DIR-HSG DEV/CONST	40.00		$200,336	$1,161	$201,497
NICOLE REAMS	DIR - ASSET MGMT	40.00		$161,632	$20,279	$181,911
JONATHAN LOVELL	SR. PROJECT DEV	40.00		$139,375	$25,910	$165,285
IRVING GONZALES	Chairman	1.00	Officer Director	$0	$0	$0
MUSETTA SO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIA KOSHELEVA-COATS	Treasurer	1.00	Officer Director	$0	$0	$0
FERNANDO GOMEZ-BENITEZ	Secretary	1.00	Officer Director	$0	$0	$0
JON LAYMAN	Director	1.00	Director	$0	$0	$0
MARA ROSALES	Director	1.00	Director	$0	$0	$0

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	$30,216,060	$31,233,993	$66,081,613	$-1,017,933
2022	$27,672,713	$22,325,527	$66,717,890	$5,347,186
2021	$19,251,297	$12,338,997	$63,790,844	$6,912,300
2020	$21,880,441	$10,736,593	$61,247,816	$11,143,848
2019	$13,773,764	$10,826,514	$56,689,380	$2,947,250
2018	$12,111,384	$8,257,944	$61,737,306	$3,853,440

Mission Housing Development Corporation