St Matthew San Mateo Inc
Nonprofit profile at a glance
- EIN
- 943291257
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Foster City, CA, USA
- Phone
- 6503562900
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $306,585
- Expenses
- $290,042
- Assets
- $913,859
- Liabilities
- $60,023
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- MATTHEW O FRANKLIN (CEO/PRESIDENT/ASST. SECRET)
Highest reported compensation
- MATTHEW O FRANKLIN (CEO/PRESIDENT/ASST. SECRET): $716,168 total reported compensation
- MICHAEL J VERGURA (CFO / ASSISTANT SECRETARY): $550,709 total reported compensation
- KASEY ARCHEY (ASSISTANT SECRETARY): $457,923 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In conjunction with related organizations, st. Matthew san mateo inc's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect.
What it reported doing in 2024
The corporation owns a portion of property purchased for the purpose of providing low-income housing. The portion owned by the corporation is operated for the benefit of a nonprofit corporation.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 68
- Accountability: 95
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.4%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 3.15; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 134.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $716K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 207 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.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.