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← CASA COMMUNITY ASSOCIATION

Form 990 for tax year 2023

Filed by CASA COMMUNITY ASSOCIATION.

Totals

Total revenue
$1,414,263
Total expenses
$1,714,150
Contributions and grants received
$769,401
Grants paid
$0
Program service revenue
$610,990
Investment income
$30,679
Other revenue
$3,193
Total assets, end of year
$4,162,074
Total liabilities, end of year
$8,231,316
Net assets or fund balances, end of year
-$4,069,242
Program services expenses (Part IX)
$1,364,511
Management and general expenses
$349,639
Fundraising expenses
$0
Program service expenses (Part III)
$1,364,511

Program services were 79.6% 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)

    $769,401

  • 2a · Program service revenue: TENANT RENT & CHARGES

    total $610,990 · related or exempt $610,990

  • 3 · Investment income

    total $30,679 · excluded $30,679

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $1,771 · excluded $1,771

  • 11b · Other revenue: MISC INCOME

    total $1,422 · excluded $1,422

  • 11e · Other revenue, total

    $3,193

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $187,362 · program services $64,081 · management and general $123,281

  • 9 · Other employee benefits

    total $1,717 · program services $1,717

  • 10 · Payroll taxes

    total $15,531 · program services $15,531

  • 11a · Fees: management

    total $153,920 · management and general $153,920

  • 11c · Fees: accounting

    total $14,938 · management and general $14,938

  • 11g · Fees: other

    total $95 · management and general $95

  • 12 · Advertising and promotion

    total $1,159 · management and general $1,159

  • 13 · Office expenses

    total $16,880 · management and general $16,880

  • 16 · Occupancy

    total $652,157 · program services $652,157

  • 22 · Depreciation, depletion and amortization

    total $390,834 · program services $390,834

  • 23 · Insurance

    total $227,740 · program services $227,740

  • 24a · Other expenses: MISCELLANEOUS ADMINISTR

    total $37,306 · management and general $37,306

  • 24b · Other expenses: REAL ESTATE TAXES

    total $12,322 · program services $12,322

  • 24c · Other expenses: BAD DEBTS

    total $2,060 · management and general $2,060

  • 24d · Other expenses: MISC FINANCIAL EXPENSE

    total $129 · program services $129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,743 · end of year $2,710

  • 4 · Accounts receivable

    beginning of year $479,627 · end of year $66,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,063 · end of year $189,034

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

    $11,511,490

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

    $9,110,569

  • 10c · Land, buildings and equipment, net

    beginning of year $2,791,755 · end of year $2,400,921

  • 15 · Other assets

    beginning of year $1,191,877 · end of year $1,502,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,560 · end of year $90,228

  • 19 · Deferred revenue

    beginning of year $7,747 · end of year $3,780

  • 23 · Secured mortgages and notes payable

    beginning of year $8,103,110 · end of year $8,103,110

  • 25 · Other liabilities

    beginning of year $34,003 · end of year $34,198

  • 27 · Net assets without donor restrictions

    beginning of year -$3,769,355 · end of year -$4,069,242

Mission and programs · 2023

Mission

PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES.

  • THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW INCOME FAMILIES. THE ORGANIZATION'S OPERATIONS ARE REGULATED BY HUD AND SUBJECT TO HUD'S OVERSIGHT.

    Expenses $1,364,511 · Revenue $610,990

As filed on the 2023 return.

Listed in Part VII

  • TOM A LUNGIN

    PRESIDENT/CEO FOR CA

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN WATSON

    SECRETARY,TREASURER/CEO FOR CA

    Total calculated
    $0
    Hours/week
    2

  • ESTELLE JIMENEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARRETT LUNGIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARINA HESSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202422259349303052

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