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Nonprofiteer
← CARITAS HOUSING CORPORATION

Form 990 for tax year 2024

Filed by CARITAS HOUSING CORPORATION.

Totals

Total revenue
$514,402
Total expenses
$267,754
Contributions and grants received
$0
Grants paid
$254,562
Program service revenue
$0
Investment income
$514,402
Other revenue
$0
Total assets, end of year
$12,882,719
Total liabilities, end of year
$1,127
Net assets or fund balances, end of year
$12,881,592
Program services expenses (Part IX)
$254,562
Management and general expenses
$13,192
Fundraising expenses
$0
Program service expenses (Part III)
$254,562

Program services were 95.1% 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.

  • 3 · Investment income

    total $514,402 · excluded $514,402

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $254,562 · program services $254,562

  • 11c · Fees: accounting

    total $10,450 · management and general $10,450

  • 23 · Insurance

    total $2,742 · management and general $2,742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,072 · end of year $153,191

  • 2 · Savings and temporary cash investments

    beginning of year $12,336,979 · end of year $12,626,635

  • 15 · Other assets

    beginning of year $52,893 · end of year $102,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000 · end of year $1,127

  • 27 · Net assets without donor restrictions

    beginning of year $12,634,944 · end of year $12,881,592

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES FOR THE ECONOMICALLY AND FINANCIALLY DISADVANTAGED WHO ARE NOT ABLE TO AFFORD HOUSING IN THEIR COMMUNITY, INCLUDING SENIOR CITIZENS, THE ELDERLY AND THE DISABLED.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES FOR PERSONS WHO ARE ECONOMICALLY AND FINANCIALLY DISADVANTAGED.

  • THE ORGANIZATION IS IN THE PROCESS OF PROVIDING FUNDS NECESSARY TO OTHER NONPROFIT ORGANIZATIONS THAT HAVE THE SAME MISSION OF PROVIDING AFFORDABLE HOUSING TO THOSE WHO ARE ECONOMICALLY AND FINANCIALLY DISADVANTAGED. THE NONPROFIT ORGANIZATIONS RECEIVING THE FUNDS ARE PROVIDING AFFORDABLE HOUSING AND RELATED SERVICES FOR PERSONS OF LIMITED MEANS OR SPECIAL NEEDS IN LONG ISLAND, NEW YORK, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

    Expenses $254,562 · Grants $254,562

As filed on the 2024 return.

Listed in Part VII

  • Michael Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Richard Balcom

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert J Ahlstrom Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William G Chapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maryanne Fitzgerald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Pietrowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Cregan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Grants 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
2024
Filed
29 June 2026
IRS schema version
2024v5.5
Source object
202621829349301407

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