Maac
Legal name: Metropolitan Area Advisory Committee on Anti-Poverty of San Diego County Inc
Nonprofit profile at a glance
- EIN
- 952457354
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Chula Vista, CA, US
- Phone
- (619) 426-3595
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Family Services
Reported finances
- Revenue
- $82,199,728
- Expenses
- $66,483,760
- Assets
- $177,560,863
- Liabilities
- $132,512,619
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- ARNULFO MANRIQUEZ (CEO)
Highest reported compensation
- ARNULFO MANRIQUEZ (CEO): $399,882 total reported compensation
- AUSTIN J FOYE (CFO): $233,101 total reported compensation
- ADOLFO VENTURA: $218,113 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Maximizing self-sufficiency with families and individuals in our communities.
What it reported doing in 2024
GENERAL: Housing & Real Estate Development (RED) - MAAC manages 876 units across our six properties and 1 partner property (Valencia Pointe in southeast San Diego). Our current portfolio includes the following locations Hillside Views Oak Park, Mercado Barrio Logan, San Martin de Porres Spring Valley, Laurel Tree Carlsbad, Seniors on Broadway Chula Vista, and Villa Lakeshore -- Lakeside. Our 2024 priorities included closing and breaking ground at our Laurel Tree Apartments in Carlsbad and securing funding to rehabilitate existing eligible assets in our portfolio (Seniors on Broadway in Chula Vista) and securing funding for (and control of) sites to construct new multi-family affordable housing communities within San Diego County. CLOSINGS: In 2024, we secured funding for the rehabilitation of Laurel Tree Apartments and Seniors on Broadway. MAAC was awarded an allocation of low-income housing tax credits and tax-exempt bonds for each of those properties. Laurel Tree closed in June and began construction in July 2024 with estimated completion in October 2025. Seniors on Broadway in Chula Vista closed financing in September 2025 and is now under way for a major rehab. Conversion of units to comply with Fair Housing and ADA is the primary scope of work along with various energy savings upgrades and solar PV. San Marin de Pores converted its construction financing to its permanent loan in October 2025 which included the final payout of developer fee as well as increasing its permanent loan to pay off some deferred fee. CIP: In October, construction rehab commenced Seniors on Broadway while the construction rehab on Laurel Tree was ongoing. FUNDING: MAAC submitted an application for CDBG for Mercado in 2025 with an award of $15,275,000 in March. RED applied for tax credits and tax-exempt bonds in September for Mercado as well. Award announcements are scheduled for November. MAAC also submitted an application to California HCD for AHSC funds for Ascencia in April 2025. Award announcements are scheduled for end of October.PIPELINE: As of December 31, 2023, MAAC has 916 units of affordable housing in pre-development: Ascencia (Escondido), Azuriik (National City), The Ivy (Escondido), and Sendero (San Diego). MAAC is also developing rehab projects for Seniors on Broadway and Mercado Apartments. MAAC is continuing to look to acquire new parcels to construct new multi-family affordable housing communities.
Operating model
- Revenue model
- Grant-funded. 63% of the money available for current operations came from government grants.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 82
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: $114.05 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Pass
- 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: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.1%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.67; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 78th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 81.5% of revenue deployed · 88% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $58.5M in reported program spending
- Leadership: top reported pay $400K · 23 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.4M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 33 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.