Maldef Property Management Corp
Nonprofit profile at a glance
- EIN
- 954339999
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 2136292512
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $1,357,915
- Expenses
- $1,706,557
- Assets
- $6,109,765
- Liabilities
- $2,490,889
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- THOMAS A SAENZ (PRESIDENT & GENERAL COUNSEL)
- SHELLEY MALLCHOK (VICE PRESIDENT OF FINANCE/CFO)
Highest reported compensation
- THOMAS A SAENZ (PRESIDENT & GENERAL COUNSEL): $507,336 total reported compensation
- SHELLEY MALLCHOK (VICE PRESIDENT OF FINANCE/CFO): $256,414 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To own and operate a nonprofit center in los angeles in support of its sponsoring organization, mexican american legal defense and educational fund (maldef), and primarily irc section 501(c)(3) organizations dedicated to serving the minority communities within los angeles. Some of the tenants are commercial but mpmc is not providing services and such rental activity is excluded from unrelated trade or business income as substantially all of the property's use is directly related to the mpmc's exempt purpose.
What it reported doing in 2024
The organization owns and operates an office building in downtown los angeles, California, and leases office space to its affiliate, mexican american legal defense and educational fund, and primarily other irc section 501(c)(3) organizations dedicated to serving minority communities within the inner city of los angeles, facilitating and assisting the programs of its tenants by providing common facilities for their use, and involving tenants in a joint council coordinating their activities to best serve the community.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 60
- Accountability: 94
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.7%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -25.7%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 3.58; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.7% of spending went to programs
- Governance: 8 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $507K · 10 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $112K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.