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Nonprofiteer
← CASA MIA SENIOR APARTMENTS INC

Form 990 for tax year 2023

Filed by CASA MIA SENIOR APARTMENTS INC.

Totals

Total revenue
$655,875
Total expenses
$820,969
Contributions and grants received
$334,595
Grants paid
$0
Program service revenue
$315,817
Investment income
$19
Other revenue
$5,444
Total assets, end of year
$3,175,940
Total liabilities, end of year
$6,065,017
Net assets or fund balances, end of year
-$2,889,077
Program services expenses (Part IX)
$736,482
Management and general expenses
$84,487
Fundraising expenses
$0
Program service expenses (Part III)
$736,482

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $334,595

  • 2a · Program service revenue: RENTAL INCOME

    total $293,280 · related or exempt $293,280

  • 2b · Program service revenue: FORGIVENESS OF DEBT

    total $22,537 · related or exempt $22,537

  • 3 · Investment income

    total $19 · excluded $19

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,997 · excluded $2,997

  • 11b · Other revenue: TENANT CHARGES

    total $2,362 · excluded $2,362

  • 11c · Other revenue: OTHER REVENUE-MISC.

    total $85 · excluded $85

  • 11e · Other revenue, total

    $5,444

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,741 · program services $111,741

  • 8 · Pension plan contributions

    total $2,371 · program services $2,371

  • 9 · Other employee benefits

    total $22,587 · program services $22,587

  • 10 · Payroll taxes

    total $8,612 · program services $8,612

  • 11a · Fees: management

    total $32,648 · management and general $32,648

  • 11b · Fees: legal

    total $88 · management and general $88

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 11g · Fees: other

    total $3,228 · management and general $3,228

  • 12 · Advertising and promotion

    total $500 · management and general $500

  • 13 · Office expenses

    total $28,024 · management and general $28,024

  • 14 · Information technology

    total $5,804 · management and general $5,804

  • 16 · Occupancy

    total $434,327 · program services $434,327

  • 17 · Travel

    total $962 · management and general $962

  • 22 · Depreciation, depletion and amortization

    total $153,583 · program services $153,583

  • 24a · Other expenses: MANAGER UNIT

    total $6,533 · management and general $6,533

  • 24b · Other expenses: BAD DEBTS

    total $3,261 · program services $3,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,443 · end of year $4,952

  • 4 · Accounts receivable

    beginning of year $40,826 · end of year $3,861

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,234 · end of year $22,607

  • 10a · Land, buildings and equipment: cost or other basis

    $5,174,545

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,129,649

  • 10c · Land, buildings and equipment, net

    beginning of year $3,198,479 · end of year $3,044,896

  • 13 · Investments: program-related

    beginning of year $48,279 · end of year $74,608

  • 15 · Other assets

    beginning of year $22,689 · end of year $25,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $227,218 · end of year $140,362

  • 19 · Deferred revenue

    beginning of year $5,679 · end of year $386

  • 23 · Secured mortgages and notes payable

    beginning of year $5,680,781 · end of year $5,658,244

  • 25 · Other liabilities

    beginning of year $174,255 · end of year $266,025

  • 27 · Net assets without donor restrictions

    beginning of year -$2,723,983 · end of year -$2,889,077

Mission and programs · 2023

Mission

ORGANIZED TO OWN AND OPERATE A 64 UNIT APARTMENT COMMUNITY IN PHOENIX, ARIZONA, KNOWN AS CASA MIA APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ASSETS AND LIABILITIES OF THE APARTMENT COMMUNITY WERE TRANSFERRED FROM CASA MIA MUTUAL HOUSING ASSOCIATION, INC. TO THE CORPORATION ON AUGUST 2, 2011. THE TRANSFER OF PHYSICAL ASSETS TO THE CORPORATION WAS APPROVED BY HUD ON JUNE 23, 2011. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

  • ORGANIZED TO OWN AND OPERATE A 64 UNIT APARTMENT COMMUNITY IN PHOENIX, ARIZONA, KNOWN AS CASA MIA APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ASSETS AND LIABILITIES OF THE APARTMENT COMMUNITY WERE TRANSFERRED FROM CASA MIA MUTUAL HOUSING ASSOCIATION, INC. TO THE CORPORATION ON AUGUST 2, 2011. THE TRANSFER OF PHYSICAL ASSETS TO THE CORPORATION WAS APPROVED BY HUD ON JUNE 23, 2011. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

    Expenses $736,482 · Revenue $315,817

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID ADAME UNTIL 103123

    CHAIRMAN

    Total calculated
    $945,210
    From this org
    $0
    From related orgs
    $925,292
    Other
    $19,918
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $925,292 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,266 related
    Nontaxable benefits
    $0 + $16,652 related
    Filer's total
    $0 + $945,210 related

  • ALICIA NUNEZ

    CHAIRMAN/TREASURER

    Total calculated
    $460,618
    From this org
    $0
    From related orgs
    $428,505
    Other
    $32,113
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,505 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,273 related
    Nontaxable benefits
    $0 + $23,840 related
    Filer's total
    $0 + $460,618 related

  • MAX GONZALES

    DIRECTOR

    Total calculated
    $474,415
    From this org
    $0
    From related orgs
    $450,408
    Other
    $24,007
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,408 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,692 related
    Nontaxable benefits
    $0 + $18,315 related
    Filer's total
    $0 + $474,415 related

  • JOSE MARTINEZ

    PRESIDENT

    Total calculated
    $451,263
    From this org
    $0
    From related orgs
    $438,603
    Other
    $12,660
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,603 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,144 related
    Nontaxable benefits
    $0 + $2,516 related
    Filer's total
    $0 + $451,263 related

  • PATRICIA DUARTE

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $367,242
    From this org
    $0
    From related orgs
    $355,770
    Other
    $11,472
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,946 related
    Nontaxable benefits
    $0 + $1,526 related
    Filer's total
    $0 + $367,242 related

  • JESSE SATTERLEE

    CFO

    Total calculated
    $303,709
    From this org
    $0
    From related orgs
    $303,228
    Other
    $481
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,228 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $481 related
    Filer's total
    $0 + $303,709 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202520159349301557

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