MID-PENINSULA GREENRIDGE INC

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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

1997

Legal Domicile

Principal Officer

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2023-01-01 to 2023-12-31

MID-PENINSULA GREENRIDGE INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 41% operating margin.

Mission

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MID-PENINSULA GREENRIDGE, 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.

Program Service Accomplishments

Program 1

Expenses: $99,895 Revenue: $174,264

THE ORGANIZATION IS A GENERAL PARTNER OF MP GREENRIDGE ASSOCIATES, MP SOUTH CITY, LP, AND MP SOUTH CITY II, LP, AND IS THE SOLE MEMBER OF MP DELAWARE PACIFIC, LLC, WHICH IS THE GENERAL PARTNER OF MP DELAWARE PACIFIC ASSOCIATES, LP. EACH OF THESE PARTNERSHIPS OWNS AND OPERATES AN APARTMENT COMPLEX FOR THE BENEFIT OF LOW INCOME PERSONS/FAMILIES.

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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 $0

Program Service Revenue $174,264

Investment Income $737

Other Revenue $0

TOTAL REVENUE $175,001

Expense Breakdown

Grants Paid $99,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,895

Other Expenses $3,450

TOTAL EXPENSES $102,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,001	$138,949	+0.3%
Expenses	$102,450	$97,469	+0.1%
Net Income	$72,551	$41,480	+0.7%

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	$175,001	$102,450	$700,018	$72,551
2022	$138,949	$97,469	$625,912	$41,480
2021	$155,876	$118,885	$586,932	$36,991
2020	$100,040	$24,056	$551,816	$75,984
2019	$92,239	$21,825	$471,557	$70,414
2018	$84,876	$96,623	$401,143	$-11,747