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Midpen Housing Corporation

Foster City, CA · EIN 23-7089977 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Midpen Housing Corporation reported $109.0 million in revenue and $35.7 million in expenses for calendar year 2025. Of every $100 it spent, $69.12 went to program services, $30.88 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 45.8% of the total. Government grants made up 30.5%. The highest compensation it reported for one person was $740,121 (CEO/PRESIDENT/ASST. SECRETARY). Revenue rose 137% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $36M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $109M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
69.1%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
30.9%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
45.1%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
30.5%1.0%
Program service revenue share
Part VIII 2g ÷ 12
45.8%66.2%
Highest reported compensation
Part VII-A, columns D–F
$740,121$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.07%1.57%
People paid over $100,000
Part VII, line 2
05
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
130.910.0
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$25M expenses · 100.0% of program spending · grants $2.3M · revenue $50M

The corporation develops and operates safe and affordable housing of high quality for low- and very-low income individuals and families, including elderly and disabled persons

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO/PRESIDENT/ASST. SECRETARY
Officer, 25.00 hrs/week
$0$663,497$76,624$740,121
CFO / ASSISTANT SECRETARY
Officer, 25.00 hrs/week
$0$462,338$80,418$542,756
COO / ASSISTANT SECRETARY
Officer, 24.50 hrs/week
$0$467,204$38,029$505,233
ASSISTANT SECRETARY
Officer, 0.00 hrs/week
$0$365,590$48,047$413,637
ASSISTANT SECRETARY
Officer, 44.80 hrs/week
$0$354,074$57,138$411,212
VP/CORP. COUNSEL & BROKER/ASST. SECRETARY
Officer, 35.00 hrs/week
$0$332,367$65,784$398,151
ASSISTANT SECRETARY
Officer, 20.00 hrs/week
$0$325,182$56,743$381,925

0 people received more than $100,000 in reportable compensation from Midpen Housing Corporation (Part VII, line 2).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200M2019202020212022202320242025$109M$36M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$109M$36M69.1%$390M$740,121
2024 ⓘ$55M$34M67.1%$311M$716,168
2023 ⓘ$56M$36M71.5%$286M$692,605
2022 ⓘ$62M$38M78.9%$258M$660,095
2021 ⓘ$51M$22M69.9%$244M$634,375
2020 ⓘ$65M$25M81.3%$211M$683,216
2019 ⓘ$46M$20M96.1%$168M$597,263

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
DAVID BAKER AND PARTNERS
Architectural service
$916,248
MODELEXPAND
Talent acquisition consulting service
$640,502
XANTRION INC
Data storage/it service
$623,691
JOE JUNCTION INC
It consulting service
$218,700

Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Midpen Housing Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Midpen Housing Corporation, you can publish a response that is linked from this page.

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Questions people ask

How much of Midpen Housing Corporation's spending goes to programs?

In calendar year 2025, Midpen Housing Corporation reported that 69.1% of its $35.7 million in expenses went to program services, 30.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Midpen Housing Corporation pay its top executive?

The largest total compensation Midpen Housing Corporation reported for one person in calendar year 2025 was $740,121, for the role of CEO/PRESIDENT/ASST. SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Midpen Housing Corporation get its money?

Of $109.0 million in revenue in calendar year 2025, 45.1% came from contributions and grants (including 30.5% from government grants) and 45.8% from program service revenue (Form 990, Part VIII).

Is Midpen Housing Corporation a registered charity?

The IRS lists EIN 23-7089977 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202622329349300137 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202502389349300300 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202422499349301347 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202332449349301403 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202242419349301669 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202122259349302467 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202032279349300348 · read the filing

All filings for EIN 23-7089977: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.