Nonprofit · EIN 51-0187791
MISSION ECONOMIC DEVELOPMENT AGENCY
Tax-exempt · SAN FRANCISCO, CA 94110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,953,956 | $30,400,580 | -$5,446,624 | $238,692,296 | $231,813,860 | $6,878,436 |
| December 31, 2023 | 990 | $26,474,112 | $31,693,130 | -$5,219,018 | $210,455,685 | $197,958,967 | $12,496,718 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,650,477
- of which government grants
- $9,677,490
- Program service revenue
- $8,048,815
- Investment income
- $233,696
- Net gain from sales of assets
- $1,350
- Net income from fundraising events
- $18,138
- Other revenue
- $20,968
Expenses
- Grants and similar amounts paid
- $3,787,498
- Compensation of officers, directors and key employees
- $1,817,240
- Other salaries and wages
- $8,855,165
- Salaries, compensation and benefits (total)
- $12,912,629
- Professional fundraising fees
- $0
- Legal fees
- $146,159
- Accounting fees
- $687,644
- Occupancy
- $1,463,990
- Travel
- $59,909
- Depreciation
- $2,367,531
- Program services (functional)
- $25,675,326
- Management and general (functional)
- $3,947,369
- Fundraising (functional)
- $777,885
Balance sheet and other
- Total assets, start of year
- $210,455,685
- Total assets, end of year
- $238,692,296
- Total liabilities, end of year
- $231,813,860
- Net assets, end of year
- $6,878,436
- Land, buildings and equipment
- $196,506,711
- Net assets without donor restrictions
- $6,878,436
- Gross unrelated business income
- $23,960
- Gross receipts
- $25,153,368
- Employees
- 121
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUIS GRANADOS | CEO Officer | 40 | $422,985 | $45,254 |
| PAMELA BENOIT | CFO (TO 9/24) Officer | 40 | $240,397 | $20,310 |
| JILLIAN SPINDLE | CHIEF STRATEGY AND ADVANCE Officer | 40 | $220,351 | $14,904 |
| KAROLEEN FENG | SENIOR ADVISOR TO CRE Key employee | 40 | $205,860 | $23,960 |
| BERLINA CEGUERRA | COO Officer | 40 | $201,452 | $6,458 |
| ELAINE YEE | VP OF COMM. REAL ESTATE Highest-paid employee | 40 | $180,618 | $19,833 |
| RAJNI BANTHIA | VP OF DATA, ANALYSIS AND PLANNING Highest-paid employee | 40 | $173,710 | $25,702 |
| CARLOS RAMIREZ | CFO FROM 09/24 Officer | 40 | $190,692 | $6,064 |
| ELIZABETH CORTEZ | VP OF MPN-COLLECTIVE IMPACT Highest-paid employee | 40 | $159,439 | $25,105 |
| DOLORES TERRAZAS | VP OF RISK MANAGEMENT & COMPLIANCE Highest-paid employee | 40 | $165,754 | $18,276 |
| ERNESTO MARTINEZ | VP OF ASSEET BUILDING PROGRAMS Highest-paid employee | 40 | $160,528 | $18,973 |
| JOSE GARCIA | CHIEF CRE Officer | 40 | $149,350 | $10,617 |
| RICHARD RAYA | CSO Officer | 40 | $50,111 | $8,477 |
| RAFAEL YAQUIAN-LLLESCAS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERESA GARCIA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WHITNEY JONES | TREASURER Trustee or director, Officer | 1 | $0 |
| MARCO CHAVARIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICH GROSS | MEMBER (FROM 3/24) Trustee or director | 1 | $0 |
| KEVIN STEIN | MEMBER Trustee or director | 1 | $0 |
| YSABEL DURON | MEMBER Trustee or director | 1 | $0 |
| ED CABRERA | MEMBER Trustee or director | 1 | $0 |
| MANUEL SANTAMARIA | MEMBER (FROM 3/24) Trustee or director | 1 | $0 |
| CARINA MARQUEZ | MEMBER Trustee or director | 1 | $0 |
| TEDDY GRAY KING VASQUEZ | MEMBER Trustee or director | 1 | $0 |
| CAROLINA MARTINEZ | MEMBER Trustee or director | 1 | $0 |
| JOYCE SLEN | MEMBER (FROM 7/24) Trustee or director | 1 | $0 |
| BIANCA LOPEZ | MEMBER (FROM 7/24) Trustee or director | 1 | $0 |
| ANTONIO ISAIS | MEMBER (FROM 9/24) Trustee or director | 1 | $0 |
| JABARI HERBERT | MEMBER (TO 3/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUIS GRANADOS | CEO Officer | 40 | $366,718 | $42,802 |
| RICHARD RAYA | CSO Officer | 40 | $191,928 | $31,157 |
| JILLIAN SPINDLE | CHIEF STRATEGY AND ADVANCEMENT OFFICER Officer | 40 | $200,077 | $13,592 |
| KAROLEEN FENG | CHIEF COMM. REAL ESTATE OFFICER Officer | 40 | $185,018 | $22,267 |
| ELAINE YEE | VP OF COMM. REAL ESTATE Highest-paid employee | 40 | $176,927 | $18,557 |
| LUCY PORRAS | VP OF DEVELOPMENT & COMMUNICATION Highest-paid employee | 40 | $174,768 | $10,037 |
| RAJNI BANTHIA | VP OF EVALUATION Highest-paid employee | 40 | $158,165 | $23,467 |
| PABLO SOLARES-ROWBURY | VP, FONDO ADELANTE Highest-paid employee | 40 | $156,769 | $23,787 |
| BERLINA CEGUERRA | COO Officer | 40 | $174,535 | $5,291 |
| PRISCILLA CHEN-OK | CFO UNTIL 9/15/23 Officer | 40 | $164,256 | $13,781 |
| CARLOS RAMIREZ | FINANCE DIRECTOR Highest-paid employee | 40 | $158,034 | $5,916 |
| PAMELA BENOIT | CFO FROM 9/11/23 Officer | 40 | $72,571 | $2,735 |
| RAFAEL YAQUIAN-LLLESCAS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERESA GARCIA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WHITNEY JONES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARCO CHAVARIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JABARI HERBERT | MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN STEIN | MEMBER Trustee or director | 1 | $0 | $0 |
| YSABEL DURON | MEMBER Trustee or director | 1 | $0 | $0 |
| ED CABRERA | MEMBER Trustee or director | 1 | $0 | $0 |
| REBECA PATINO | MEMBER Trustee or director | 1 | $0 | $0 |
| CARINA MARQUEZ | MEMBER Trustee or director | 1 | $0 | $0 |
| TEDDY GRAY KING VASQUEZ | MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINA MARTINEZ | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2301 MISSION ST STE 301, SAN FRANCISCO, CA 94110-1900
- Principal officer (990 for 2024)
- LUIS GRANADOS, 2301 MISSION STREET 301, SAN FRANCISCO, CA 94110
- Signed the 990
- CARLOS RAMIREZ, CFO
- Phone
- (415) 282-3334
- Website
- WWW.MEDASF.ORG
- Return prepared by
- BPM LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 51-0187791 or by the name MISSION ECONOMIC DEVELOPMENT AGENCY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ROOTED IN SAN FRANCISCO'S MISSION DISTRICT, MEDA IS ADVANCING A NATIONAL EQUITY MOVEMENT BY BUILDING LATINO PROSPERITY, COMMUNITY OWNERSHIP AND CIVIC POWER.
Program accomplishments
- MEDA'S COMMUNITY REAL ESTATE (CRE) PROGRAM STRATEGICALLY ACQUIRES, DEVELOPS, AND STEWARDS PROPERTIES TO CREATE AND PRESERVE PERMANENTLY AFFORDABLE HOUSING AND COMMUNITY-SERVING COMMERCIAL SPACES. THIS WORK, COMBINED WITH THE LONG-TERM OVERSIGHT OF OUR ASSET MANAGEMENT TEAM, IS CRITICAL TO COMBATING DISPLACEMENT, PROTECTING THE CULTURAL HERITAGE OF THE MISSION DISTRICT, AND ENSURING LASTING COMMUNITY OWNERSHIP IN SAN FRANCISCO. SINCE 2015, WE HAVE CREATED OR PRESERVED 1,456 AFFORABLE UNITS THROUGH THE ACQUISITION OF 38 BUILDINGS VIA THE SMALL SITES PROGRAM 5 VIA THE RENTAL ASSISTANCE DEMONSTRATION (RAD) PROGRAM, AND THE CONSTRUCTION OF 4 NEW SITES.Expenses $12,813,616 · grants $3,787,498 · revenue $7,840,737
- MEDA'S ASSET BUILDING PROGRAMS INCLUDE WORKSHOPS AND INDIVIDUAL COACHING TO HELP LOW-INCOME AND MODERATE-INCOME CLIENTS ACHIEVE FAMILY ECONOMIC SUCCESS. FREE PROGRAMS INCLUDE: FINANCIAL CAPABILITY, BUSINESS DEVELOPMENT, HOUSING OPPORTUNITIES, EVICTION PREVENTION, FREE TAX PREPARATION, AND WORKFORCE DEVELOPMENT.Expenses $6,149,694 · revenue $139,465
- MEDA IS THE LEAD AGENCY FOR THE MPN PROGRAM, A FEDERAL INITIATIVE TO HELP FAMILIES SUCCEED AND STUDENTS ACHIEVE. MEDA IS COLLABORATING WITH THE SAN FRANCISCO UNIFIED SCHOOL DISTRICT AND A HOST OF VITAL COMMUNITY PARTNERS TO ENSURE THAT EVERY CHILD IN THE MISSION DISTRICT OF SAN FRANCISCO IS ON TRACT TO THRIVE, FROM CRADLE TO COLLEGE AND BEYOND.Expenses $3,076,850 · revenue $1,195
- MISSION COMMUNITY LOAN FUND LLC DBA FONDO ADELANTE IS ORGANIZED AND OPERATES EXCLUSIVELY TO FURTHER THE FOLLOWING SPECIFIC CHARITABLE PURPOSES OF MEDA: TO PROVIDE AFFORDABLE AND ACCESSIBLE (A) SMALL BUSINESS AND CONSUMER LOAN PRODUCTS FOR PERSONS WHO HAVE NOT BEEN ABLE TO ACCESS THE CAPITAL NEEDED TO OPERATE, EXPAND, OR ACQUIRE THEIR BUSINESS OR MEET THEIR HOUSEHOLD NEEDS, (B) REAL ESTATE LOAN PRODUCTS TO FACILITATE THE PRESERVATION AND CREATION OF AFFORDABLE RESIDENTIAL AND COMMERCIAL REAL ESTATE, AND C) BUSINESS COACHING SUPPORT AND TECHNICAL ASSISTANCE TO NEW AND GROWING SMALL BUSINESS THROUGH THE BUSINESS DEVELOPMENT PROGRAM.Expenses $2,826,758 · revenue $45,688
- MEDA'S POLICY PROGRAM IS FOCUSED ON THE ADVANCEMENT OF "SOCIAL CHANGE TOWARD A MORE EQUITABLE SOCIETY," ASSESSING THE OUTCOME OF POLICIES ON THE WELL-BEING OF LOW-INCOME LATINO AND IMMIGRANT COMMUNITIES IN SAN FRANCISCO'S MISSION DISTRICT AND SURROUNDING ENVIRONMENTS. THE POLICY WORK ORGANIZES AND EMPOWERS COMMUNITY MEMBERS TO IDENTIFY SYSTEMIC INEQUITIES, CREATES AND COMMUNICATES STRATEGIC POLICY POSITIONS, AND LEADS THE CHARGE ON MAKING MEANINGFUL POLICY CHANGES TO SUPPORT THE MISSION DISTRICT'S MOST MARGINALIZED RESIDENTS.Expenses $808,408 · revenue $100
- MEDA IS A DATA-DRIVEN ORGANIZATION THAT RELIES ON ROBUST CLIENT, PROGRAM, AND COMMUNITY-LEVEL DATA TO ASSESS NEEDS, DESIGN INTERVENTIONS, AND DETERMINE THE EFFECTIVENESS OF ITS STRATEGIES. EVALUATION SERVICES ARE KEY TO THE DATA ANALYSIS AND DEVELOPMENT OF PROGRAM STRATEGIES AND COMMUNITY IMPACT. EVALUATION LEVERAGES TECHNOLOGY, USING A HUMAN-CENTERED DESIGN APPROACH TO ALIGN DATA PLATFORMS WITH PROGRAM NEEDS AND STRENGTHS, AS WELL AS FACILITATE SERVICE DELIVERY. EVALUATION SERVICES ESTABLISH A REGULAR CYCLE OF PROCESS EVALUATION, WITH THE GOAL FO DRIVING PROGRAM IMPROVEMENT THROUGH INTERNAL ASSESSMENT OF IMPACT.revenue $500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0187791
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $238,692,296
- Income (IRS master file)
- $25,153,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,953,956 | $30,400,580 | $238,692,296 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $26,474,112 | $31,693,130 | $210,455,685 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,896,587 | $23,943,298 | $192,408,729 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0187791).
Questions about MISSION ECONOMIC DEVELOPMENT AGENCY
- What is the EIN of MISSION ECONOMIC DEVELOPMENT AGENCY?
- The employer identification number (EIN) of MISSION ECONOMIC DEVELOPMENT AGENCY is 51-0187791.
- Is MISSION ECONOMIC DEVELOPMENT AGENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to MISSION ECONOMIC DEVELOPMENT AGENCY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MISSION ECONOMIC DEVELOPMENT AGENCY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MISSION ECONOMIC DEVELOPMENT AGENCY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSION ECONOMIC DEVELOPMENT AGENCY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MISSION ECONOMIC DEVELOPMENT AGENCY?
- The 990 for the year ended December 31, 2024 names LUIS GRANADOS.
- Who are the officers and directors of MISSION ECONOMIC DEVELOPMENT AGENCY?
- The 990 for the year ended December 31, 2024 lists 29 people; 13 received compensation from the organization, the highest $422,985 (LUIS GRANADOS, CEO).
- How much revenue does MISSION ECONOMIC DEVELOPMENT AGENCY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,953,956, expenses of $30,400,580 and total assets of $238,692,296 at year end.
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