Propiedades Adelante
Nonprofit profile at a glance
- EIN
- 993131204
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025
- Location
- San Francisco, CA, USA
- Phone
- 8445349700
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $1,432,616
- Expenses
- $1,382,956
- Assets
- $290,225
- Liabilities
- $322,427
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Sonia Lapolice (CEO)
Highest reported compensation
- Luis Granados (Board Member): $431,216 total reported compensation
- Carlos Ramirez (CFO): $206,441 total reported compensation
- Brooks Kenney Baskin (Assistant Secretary): $45,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rooted in mission and focused on San Francisco, MEDA's mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development.
What it reported doing in 2025
Propiedades Adelante provides property management services of Development Agency. The properties are owned by limited liability companies (LLCs) in which MEDA is the sole member and manager, and which are disregarded entities for tax purposes. The LLC owners of these properties are Meda Precita Small Properties, LLC, a California limited liability company; Meda Small Properties, LLC, a California limited liability company; and Meda Haf Small Properties, LLC, a California limited liability company (individually an owner and collectively the owners). The owners now own 38 properties with 402 residential units. All properties are located in the City and County of San Francisco.
Operating model
- Revenue model
- Earned-program. 96% 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 - The filed numbers largely add up and program spending has grown recently. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 65
- Accountability: 56
- Sustainability: 28
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.5%; rating input score 65
- Program expense ratio: 68.6%; rating input score 69
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 76.3% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 79.3% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -62.1% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 65.5% of revenue deployed · 68.6% of spending went to programs
- Governance: 4 of 5 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $949K in reported program spending
- Leadership: top reported pay $431K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.