Mission Economic Development Agency
Mission Economic Development Agency (MEDA) is a 501(c)(3) nonprofit organization based in San Francisco, California, rooted in the Mission District. Founded in 1976, MEDA advances economic mobility opportunities for low- and moderate-income families through integrated programs addressing housing, financial health, education, and community advocacy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$238.7M
+13.4% YoY
Annual Giving
$3.5M
+650.4% YoY
Grant Count
37
+208.3% YoY
Avg Grant Size
$94K
+143.4% YoY
Mission & Focus Areas
MEDA's vision is to create generations of Mission District families and individuals thriving economically, excelling in education, launching businesses that create jobs, and driving policies that foster lasting prosperity.
The organization addresses systemic barriers including housing displacement, low wages, and high cost of living that keep families in poverty. Primary program areas include:
- Community Real Estate: Since 2014, MEDA has secured over 1,400 affordable housing units in its portfolio, stabilizing low- and moderate-income families, seniors, and transitional age youth.
- Financial Capability: Supporting financial health and asset building
- Jobs and Training: Workforce development programs
- Small Business Support: Small business loans and entrepreneurship assistance
- Educational Support: Programs to help youth and families access educational opportunities
- Community Advocacy: Policy advocacy to foster lasting prosperity
- Homebuying Assistance: Support for families seeking homeownership
- Eviction Defense: Services for San Francisco residents
Grantmaking
MEDA functions primarily as a service provider and community development organization rather than a traditional grantmaker. However, financial data indicates the organization distributes grants:
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Geographic Focus
Where this funder awards grants
MEDA's primary focus is San Francisco's Mission District, with particular emphasis on serving low- and moderate-income families and individuals in this community.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of most recent filing (2023-2024):
- Total assets: $238,692,296
- Total liabilities: $198,000,000
- Revenue (2023): $26,500,000
- Expenses (2023): $31,700,000
Organizational Rating: Three-Star rating with 79% overall score, indicating good accountability and financial management.
Audit Finding: An independent audit for fiscal year ending December 2023 identified a material weakness in internal controls related to financial data tracking and reporting.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $238,692,296 | $210,455,685 | $192,408,729 |
| Revenue | $24,953,956 | $26,474,112 | $26,896,587 |
| Expenses | $30,400,580 | $31,693,130 | $23,943,298 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $233,696 | $155,935 | $6,868 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
95 grants across all recorded years
Open Grants
1 open opportunity from Mission Economic Development Agency
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Luis Granados: Chief Executive Officer
- Juan Mesa: Director of Marketing and Communications
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAFAEL YAQUIAN-LLLESCAS | BOARD CHAIR | 1 | — |
| TERESA GARCIA | VICE CHAIR | 1 | — |
| WHITNEY JONES | TREASURER | 1 | — |
| MARCO CHAVARIN | SECRETARY | 1 | — |
| RICH GROSS | MEMBER (FROM 3/24) | 1 | — |
| KEVIN STEIN | MEMBER | 1 | — |
| YSABEL DURON | MEMBER | 1 | — |
| ED CABRERA | MEMBER | 1 | — |
| MANUEL SANTAMARIA | MEMBER (FROM 3/24) | 1 | — |
| CARINA MARQUEZ | MEMBER | 1 | — |
| TEDDY GRAY KING VASQUEZ | MEMBER | 1 | — |
| CAROLINA MARTINEZ | MEMBER | 1 | — |
| JOYCE SLEN | MEMBER (FROM 7/24) | 1 | — |
| BIANCA LOPEZ | MEMBER (FROM 7/24) | 1 | — |
| ANTONIO ISAIS | MEMBER (FROM 9/24) | 1 | — |
| JABARI HERBERT | MEMBER (TO 3/24) | 1 | — |
| LUIS GRANADOS | CEO | 40 | $422,985 |
| JILLIAN SPINDLE | CHIEF STRATEGY AND ADVANCE | 40 | $220,351 |
| RICHARD RAYA | CSO | 40 | $50,111 |
| BERLINA CEGUERRA | COO | 40 | $201,452 |
| PAMELA BENOIT | CFO (TO 9/24) | 40 | $240,397 |
| CARLOS RAMIREZ | CFO FROM 09/24 | 40 | $190,692 |
| JOSE GARCIA | CHIEF CRE | 40 | $149,350 |
| KAROLEEN FENG | SENIOR ADVISOR TO CRE | 40 | $205,860 |
| DOLORES TERRAZAS | VP OF RISK MANAGEMENT & COMPLIANCE | 40 | $165,754 |
| ELAINE YEE | VP OF COMM. REAL ESTATE | 40 | $180,618 |
| RAJNI BANTHIA | VP OF DATA, ANALYSIS AND PLANNING | 40 | $173,710 |
| ELIZABETH CORTEZ | VP OF MPN-COLLECTIVE IMPACT | 40 | $159,439 |
| ERNESTO MARTINEZ | VP OF ASSEET BUILDING PROGRAMS | 40 | $160,528 |
Contact Information
Address: Plaza Adelante, 2301 Mission Street, Suite 301, San Francisco, CA 94110
Phone: (415) 282-3334
Website: medasf.org | missionpromise.org
EIN: 51-0187791
Tax-exempt since: April 1976
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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