Totals
- Total revenue
- $506,804
- Total expenses
- $771,485
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $506,804
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $8,307,889
- Total liabilities, end of year
- $6,333,013
- Net assets or fund balances, end of year
- $1,974,876
- Program services expenses (Part IX)
- $771,485
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $771,485
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENTAL INCOME
total $494,829 · related or exempt $494,829
-
2b · Program service revenue: OTHER INCOME
total $11,975 · related or exempt $11,975
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $33,000 · program services $33,000
-
11c · Fees: accounting
total $4,280 · program services $4,280
-
11g · Fees: other
total $8,459 · program services $8,459
-
12 · Advertising and promotion
total $830 · program services $830
-
13 · Office expenses
total $4,515 · program services $4,515
-
16 · Occupancy
total $211,489 · program services $211,489
-
20 · Interest
total $170,859 · program services $170,859
-
22 · Depreciation, depletion and amortization
total $232,058 · program services $232,058
-
23 · Insurance
total $68,577 · program services $68,577
-
24a · Other expenses: TURNOVER EXPENSE
total $20,473 · program services $20,473
-
24b · Other expenses: PROPERTY TAXES
total $8,934 · program services $8,934
-
24c · Other expenses: OTHER PROGRAM EXPENSES
total $8,011 · program services $8,011
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $251,803 · end of year $64,563
-
4 · Accounts receivable
beginning of year $34,838 · end of year $21,923
-
9 · Prepaid expenses and deferred charges
beginning of year $53,872 · end of year $12,535
-
10a · Land, buildings and equipment: cost or other basis
$10,730,665
-
10b · Land, buildings and equipment: accumulated depreciation
$2,553,938
-
10c · Land, buildings and equipment, net
beginning of year $8,362,157 · end of year $8,176,727
-
14 · Intangible assets
beginning of year $48,211 · end of year $32,141
-
17 · Accounts payable and accrued expenses
beginning of year $41,189 · end of year $6
-
19 · Deferred revenue
beginning of year $2,630 · end of year $408
-
23 · Secured mortgages and notes payable
beginning of year $5,531,208 · end of year $5,349,505
-
25 · Other liabilities
beginning of year $936,297 · end of year $983,094
-
27 · Net assets without donor restrictions
beginning of year $2,239,557 · end of year $1,974,876
Mission and programs · 2023
Mission
PROVIDE A CONVENIENT ONE-STOP RESOURCE TO OFFER ESSENTIAL SERVICES AND EDUCATION THAT SUPPPORT FINANCIAL INDEPENDENCE TO SAN FRANCISCO'S LOW AND MODERATE INCOME FAMILIES.
Activities or mission (Part I)
PROVIDE A CONVENIENT ONE-STOP RESOURCE TO OFFER ESSENTIAL SERVICES AND EDUCATION THAT SUPPORT FINANCIAL INDEPENDENCE TO SAN FRANCISCO'S LOW AND MODERATE INCOME FAMILIES.
-
MISSION RESOURCE CENTER, ALSO KNOWN TO THE LATINO COMMUNITY AS PLAZA ADELANTE, SERVES AS THE HEADQUARTERS OF MEDA. THE BUILDING WAS PURCHASED IN 2010 WITH THE INTENTION OF PROVIDING A STABLE COMMUNITY HUB OF NONPROFIT SERVICES FOR THE LATINO COMMUNITY IN THE MISSION DISTRICT. THE LOCATION ALSO SERVES AS AN INCUBATOR OF SMALL EMERGING BUSINESS CENTERED IN THE MISSION CORRIDOR OF SAN FRANCISCO.
Expenses $771,485 · Revenue $506,804
As filed on the 2023 return.
Listed in Part VII
-
Rafael Yaquian-IllescasRAFAEL YAQUIAN-ILLESCAS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
M Teresa GarcaM TERESA GARCA
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Whitney JonesWHITNEY JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Marco ChavarnMARCO CHAVARN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Jabari HerbertJABARI HERBERT
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Kevin SteinKEVIN STEIN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Ysabel DuronYSABEL DURON
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Ed CabreraED CABRERA
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Rebeca PatinoREBECA PATINO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Carina MarquezCARINA MARQUEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Teddy Gray King VasquezTEDDY GRAY KING VASQUEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Carolina MartinezCAROLINA MARTINEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Luis GranadosLUIS GRANADOS
CEO
- Total calculated
- $409,520
- From this org
- $0
- From related orgs
- $366,718
- Other
- $42,802
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $366,718 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,016 related
- Nontaxable benefits
- $0 + $33,786 related
- Filer's total
- $0 + $409,520 related
-
Priscilla Chen-OkPRISCILLA CHEN-OK
CFO
- Total calculated
- $178,037
- From this org
- $0
- From related orgs
- $164,256
- Other
- $13,781
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $164,256 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,252 related
- Nontaxable benefits
- $0 + $9,529 related
- Filer's total
- $0 + $178,037 related
-
Pamela BenoitPAMELA BENOIT
CFO
- Total calculated
- $75,306
- From this org
- $0
- From related orgs
- $72,571
- Other
- $2,735
- Hours/week
- 0.5 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- REVIEW OF FORM 990 OF OTHER ORGANIZATIONS AND WRITTEN EMPLOYEMENT CONTRACTS WERE USED TO ESTABLISH THE RELATED ORGANIZATION'S CEO'S COMPENSATION, BOARD APPROVAL IS ALSO REQUIRED.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MISSION ECONOMIC DEVELOPMENT AGENCY
501(C)(3) · ECONOMIC DEVELOPMENT · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349324250
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