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MISSION ASSET FUND

AKA Mission Asset Fund

San Francisco, CA

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MISSION ASSET FUND

Also Known As:
Mission Asset Fund
Physical Address:
San Francisco, CA 94110 
EIN:
20-8993652
Web URL:
www.missionassetfund.org
Leadership:
Jose Quinonez
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Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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Annual Revenue & Expenses Additional Information Financial information on GuideStar is either digitized from Form 990 images we receive from the IRS or submitted by the nonprofits themselves through the GuideStar Exchange (990 filers cannot override Form 990 financial data). If your organization does not file a Form 990, 990-EZ, or 990-PF and you would like to have your financial data displayed in this section, join the GuideStar Exchange today!

Fiscal Year Starting: Jan 01, 2011
Fiscal Year Ending: Dec 31, 2011
Revenue
Total Revenue $1,194,343
Expenses
Total Expenses $992,274

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Financial data from Forms 990 for Year 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.




GuideStar Exchange Member

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Basic Organization Information

MISSION ASSET FUND

Also Known As:
Mission Asset Fund
Physical Address:
San Francisco, CA 94110 
EIN:
20-8993652
Web URL:
www.missionassetfund.org 
NTEE Category:
S Community Improvement, Capacity Building 
S30 Economic Development 
W Public, Society Benefit 
W60 Financial Institutions/Services (Non-Government Related) 
R Civil Rights, Social Action, Advocacy 
R22 Minority Rights 
Year Founded:
2008 
Ruling Year:
2008 

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Mission Statement

<p >Mission Asset Fund (MAF) is a nonprofit organization that helps financially excluded communities &#8211; low-income and immigrant families &#8211; to become visible, active, and successful participants in the U.S. financial mainstream.&nbsp;</p>

Expert Assessment

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Impact Summary from the Nonprofit

MAF&#8217;s secure financial services and technology help people overcome economic barriers, including predatory lending and lack of access to affordable credit. Since 2008, Lending Circles has enabled low-income individuals to get secure, no-interest loans that now total more than $1.2 million. With improved credit scores, hundreds of people have started businesses, gotten out of high-cost debt, bought homes and changed their lives for the better &#8211; all with 100% repayments and no defaults.

Personal Reviews

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Revenue and Expenses

Revenue and Expense data from Forms 990 for 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Balance Sheet

Balance Sheet data from Forms 990 for Year 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

Financial Statements for 2011, 2010 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Annual Reports

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Leadership

Jose Quinonez


Board Chair

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Board of Directors

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Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Program: Lending Circles

Budget:
$1,300,000
Category:
Public, Society Benefit
Population Served:
Poor/Economically Disadvantaged, Indigent, General
Adults
Hispanics

Program Description:

<p >Our models and programs tackle the financial exclusion of low-income families. From no-cost credit-building loans to cutting-edge community research, we bridge the gap between diverse cultural practices and the mainstream financial system &#8211; all to help the financially invisible become visible.<em ></em></p><p >At our flagship office located in San Francisco's Mission District, we directly work with individuals living in the San Francisco Bay Area. With organizational partners throughout California, MAF is quickly expanding its programs across the nation. We provide technological infrastructure and consultation to nonprofit partners to provide the benefits of our innovative models to other communities.</p><p >&nbsp;</p><p ><strong >Lending Circles</strong></p><p ><a target="_self" href="http://www.missionassetfund.org/programs/lending-circles" >Lending Circles</a>&nbsp;are zero-fee, zero-interest credit-building social loans. By organizing low-income community members into Lending Circles, borrowers become lenders and lenders become borrowers.</p><p ><strong >&nbsp;</strong></p><p ><strong >Lending Circles for Citizenship</strong></p><p ><a target="_self" href="http://www.missionassetfund.org/programs/lending-circles/lending-circles-for-citizenship" >Citizenship Tandas</a>, a social loan and match savings program, helps remove the financial barriers to citizenship. Citizenship Tandas organizes low-income participants to save and lend money to each other to cover the cost of filing for citizenship. MAF provides a 25% charitable match to help meet their goal.</p><p >&nbsp;</p><p ><strong >Lending Circles for DREAMers</strong></p><p ><a href="http://www.missionassetfund.org/programs/lending-circles/lending-circles-for-dreamers" target="_self" >Lending Circles for Dreamers</a>,&nbsp;a social loan and match savings program, helps remove the financial barriers to applying for deferred action. Lending Circles for Dreamers organizes qualified low-income participants to save and lend money to each other to cover the cost of filing for deferred action. MAF provides a 33% charitable match to help meet their goal.</p><p >&nbsp;</p><p ><strong >Resources Match</strong><br /></p><p ><a target="_self" href="http://www.missionassetfund.org/programs/resources-match" >Resources Match</a>&nbsp;is an online screening tool that connects low-income clients with the services they need. And fast. That means you can get access to Food Stamps, low-cost checking accounts, housing and employment assistance programs in your neighborhood&#8212;all at the same time.&nbsp;<br /></p><p >&nbsp;</p><p ><strong >Research &amp; Policy</strong><br /></p><p >Our&nbsp;<a target="_self" href="http://www.missionassetfund.org/programs/research-policy" >Research &amp; Policy</a>&nbsp;work is about inspiring change at a larger level through cutting-edge research, publications and policy leadership - all in the interest of moving the needle to improve financial access, products and protections for low-income consumers.&nbsp;</p>

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Social loans provide the boost people need to transform dreams into reality. With Lending Circles, low-income individuals are building credit, starting successful businesses, getting out of high-cost debt, buying homes, saving for college and working to increase their assets and financial capability. With 100% repayment rate and a 0% default rate, Lending Circles has a big impact on entire communities. For more information, please visit&nbsp;<a href="http://www.missionassetfund.org/impact/program-outcomes">http://www.missionassetfund.org/impact/program-outcomes</a>.&nbsp;



Evidence of Impact

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Organizational Strengths

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Areas for Improvement

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From the Nonprofit

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