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MIDPEN PROPERTY MANAGEMENT CORP

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Public IRS 990 nonprofit record

MIDPEN PROPERTY MANAGEMENT CORP

EIN 94-1738105 · Senior Citizens Housing & Retirement Communities (L22)

What they do

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MIDPEN PROPERTY MANAGEMENT CORPORATIONS MISSION is to PROVIDE SAFE, AFFORDABLE HOUSING of HIGH QUALITY to THOSE IN NEED; to ESTABLISH STABILITY and OPPORTUNITY IN THE LIVES of OUR RESIDENTS; and to FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL and ECONOMIC BACKGROUNDS to LIVE IN DIGNITY, HARMONY and MUTUAL RESPECT.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $62.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

58.15%of revenue went to mission work62.6% of expenses · Program services
$79.49spent for every $100 of revenueRevenue covered expenses this year.
34.67%of revenue went to management and office costs37.4% of expenses
$0.89in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $716,168 for MATTHEW O FRANKLIN (CEO/PRESIDENT/ASST. SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,081,335
Mission workProgram services$7,606,41758.15% of revenue62.6% of expenses
ManagementOffice and general costs$4,535,17834.67% of revenue37.4% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$939,7407.18% of revenueShown in gray on the chart
Total expenses$12,141,59592.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 62.6% mission · 37.4% management · 0.0% fundraisingTotal expenses: 92.82% of revenue
2023Expense mix: 66.8% mission · 33.2% management · 0.0% fundraisingTotal expenses: 91.99% of revenue
2022Expense mix: 64.8% mission · 35.2% management · 0.0% fundraisingTotal expenses: 91.43% of revenue
2021Expense mix: 80.7% mission · 19.3% management · 0.0% fundraisingTotal expenses: 100.95% of revenue
2020Expense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 105.77% of revenue
2019Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 105.52% of revenue
2018Expense mix: 95.6% mission · 4.4% management · 0.0% fundraisingTotal expenses: 98.98% of revenue
2017Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 92.75% of revenue

Money in and money out

Revenue$15,273,446
Expenses$12,141,595
Annual surplus $3,131,851 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,606,417 · 62.6% of expenses
Management and office costs$4,535,178 · 37.4% of expenses
See all reported dollar amounts
Revenue$15,273,446
Expenses$12,141,595
Assets$10,778,977
Income$15,273,446
Contributions$604
Mission work (program services)$7,606,417
Management and general$4,535,178
Executive compensation (total)$3,767,296
Accounting fees$12,200
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MATTHEW O FRANKLINCEO/PRESIDENT/ASST. SECRETARY · 12 hrs/week $716,168Base $643,737 · Other $72,431
MICHAEL J VERGURACFO / ASSISTANT SECRETARY · 12 hrs/week $550,709Base $473,242 · Other $77,467
KASEY ARCHEYASSISTANT SECRETARY · 45 hrs/week $457,923Base $432,459 · Other $25,464
ABIGAIL GOLDWARE POTLURIASSISTANT SECRETARY $386,944Base $330,028 · Other $56,916
ANN GOGGINS GREGORYCOO / ASSISTANT SECRETARY · 12 hrs/week $381,003Base $343,443 · Other $37,560
JENNIFER INGRAMSVP OF COMMUNITY VALUES IMPACT & INNOVATION · 15 hrs/week $378,088Base $313,973 · Other $64,115
LANCE SMITHVP/CORPORATE COUNSEL & BROKER/ASST. SECRETARY · 5 hrs/week $375,051Base $310,371 · Other $64,680
KYLE ATTENHOFERSVP OF ASSET MANAGEMENT · 27 hrs/week $345,652Base $292,037 · Other $53,615
MARI LYN HIKIDAVP OF CORPORATE COMMUNICATIONS AND PUBLIC RELATION · 5 hrs/week $327,282Base $259,307 · Other $67,975
FELIX AUYEUNGVP OF BUSINESS DEVELOPMENT $321,048Base $255,085 · Other $65,963
CRAIG B YAPPERTVP OF INFORMATION TECHNOLOGY · 15 hrs/week $315,989Base $253,338 · Other $62,651
JANINE LINDCOO / ASSISTANT SECRETARY · 12 hrs/week $308,244Base $298,361 · Other $9,883

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

MATTHEW O FRANKLINCEO/PRESIDENT/ASST. SECRETARY

MICHAEL J VERGURACFO / ASSISTANT SECRETARY

KASEY ARCHEYASSISTANT SECRETARY

ABIGAIL GOLDWARE POTLURIASSISTANT SECRETARY

ANN GOGGINS GREGORYCOO / ASSISTANT SECRETARY

JENNIFER INGRAMSVP OF COMMUNITY VALUES IMPACT & INNOVATION

LANCE SMITHVP/CORPORATE COUNSEL & BROKER/ASST. SECRETARY

KYLE ATTENHOFERSVP OF ASSET MANAGEMENT

MARI LYN HIKIDAVP OF CORPORATE COMMUNICATIONS AND PUBLIC RELATION

FELIX AUYEUNGVP OF BUSINESS DEVELOPMENT

CRAIG B YAPPERTVP OF INFORMATION TECHNOLOGY

JANINE LINDCOO / ASSISTANT SECRETARY

JOANNA L CARMANASSISTANT SECRETARY

MELANIE MOCKDIRECTOR

RENEE MCDONNELLDIRECTOR

STEPHANIE SONNENSHINEDIRECTOR

TERRY FREEMANDIRECTOR

YUSEF FREEMANDIRECTOR

JONATHAN FEARNDIRECTOR

JESSICA GARCIA-KOHLVICE CHAIRPERSON

JENNIFER MARTINEZSECRETARY

JENNIFER HICKSDIRECTOR

FAY SIEN GOONDIRECTOR

ERIC HARRISONCHAIRPERSON

ENRIQUE TORRESTREASURER

ELISA DE LAET JAGERSONDIRECTOR

CHAN U LEEDIRECTOR

About this charity

Recognized since
January 1971
Location
303 VINTAGE PARK DR STE 250, FOSTER CITY, CA 94404-1176
County
San Mateo
In care of
MICHAEL J VERGURA
Primary officer
MICHAEL J VERGURA, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
NOVOGRADAC & COMPANY LLP
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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