Skip to content
Nonprofiteer
← CARITAS AFFORDABLE HOUSING INC

Form 990 for tax year 2023

Filed by CARITAS AFFORDABLE HOUSING INC.

Totals

Total revenue
$14,749,521
Total expenses
$12,875,669
Contributions and grants received
$28,031
Grants paid
$0
Program service revenue
$14,341,472
Investment income
$340,309
Other revenue
$39,709
Total assets, end of year
$84,281,120
Total liabilities, end of year
$84,644,153
Net assets or fund balances, end of year
-$363,033
Program services expenses (Part IX)
$12,649,917
Management and general expenses
$225,752
Fundraising expenses
$0
Program service expenses (Part III)
$12,649,917

Program services were 98.2% 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.

  • 1d · Related organizations

    $28,031

  • 2a · Program service revenue: RENTS

    total $11,573,999 · related or exempt $11,573,999

  • 2b · Program service revenue: UTILITIES, LAUNDRY ETC

    total $2,767,473 · related or exempt $2,767,473

  • 3 · Investment income

    total $340,309 · excluded $340,309

  • 11a · Other revenue: MOBLIE HOME SALES

    total $39,709 · related or exempt $39,709

  • 11e · Other revenue, total

    $39,709

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $887,300 · program services $887,300

  • 9 · Other employee benefits

    total $241,798 · program services $241,798

  • 10 · Payroll taxes

    total $115,299 · program services $115,299

  • 11a · Fees: management

    total $732,808 · program services $507,056 · management and general $225,752

  • 11b · Fees: legal

    total $63,212 · program services $63,212

  • 11c · Fees: accounting

    total $212,106 · program services $212,106

  • 11d · Fees: lobbying

    total $51,721 · program services $51,721

  • 13 · Office expenses

    total $35,795 · program services $35,795

  • 14 · Information technology

    total $55,487 · program services $55,487

  • 16 · Occupancy

    total $8,404,400 · program services $8,404,400

  • 17 · Travel

    total $3,193 · program services $3,193

  • 19 · Conferences, conventions and meetings

    total $9,860 · program services $9,860

  • 22 · Depreciation, depletion and amortization

    total $1,609,003 · program services $1,609,003

  • 24a · Other expenses: BOND FEES

    total $120,363 · program services $120,363

  • 24b · Other expenses: OUTSIDE SERVICES

    total $99,221 · program services $99,221

  • 24c · Other expenses: LICENSES & FEES

    total $92,947 · program services $92,947

  • 24d · Other expenses: CONSULTING

    total $85,724 · program services $85,724

  • 24e · All other expenses

    total $55,432 · program services $55,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $476,498 · end of year $773,361

  • 4 · Accounts receivable

    beginning of year $42,768 · end of year $23,386

  • 7 · Other notes and loans receivable

    beginning of year $90,347 · end of year $70,027

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,288 · end of year $49,204

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

    $82,117,854

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

    $22,499,619

  • 10c · Land, buildings and equipment, net

    beginning of year $60,489,378 · end of year $59,618,235

  • 14 · Intangible assets

    beginning of year $1,572,346 · end of year $1,526,740

  • 15 · Other assets

    beginning of year $20,876,320 · end of year $22,220,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,846,880 · end of year $1,920,364

  • 20 · Tax-exempt bond liabilities

    beginning of year $80,660,000 · end of year $79,415,000

  • 25 · Other liabilities

    beginning of year $3,387,950 · end of year $3,308,789

  • 27 · Net assets without donor restrictions

    beginning of year -$3,436,885 · end of year -$1,660,482

  • 28 · Net assets with donor restrictions

    beginning of year $1,200,000 · end of year $1,297,449

Mission and programs · 2023

Mission

CARITAS AFFORDABLE HOUSING, INC. IS A NONPROFIT ORGANIZATION WHOSE GOAL IS TO PROVIDE AND MAINTAIN QUALITY, AFFORDABLE HOUSING THROUGH THE ACQUISTION OF MOBILE HOME PARKS. WITH THE INCREASING NUMBER OF HOUSEHOLDS ON FIXED OR LIMITED INCOMES AND WITH THE SCARCITY OF RELIABLE, LONG-TERM, REASONABLY PRICED HOUSING, CARITAS ENDEAVORS TO CREATE VIBRANT COMMUNITIES WHERE QUALITY OF LIFE, RESIDENT INVOLVEMENT, AND CARING ARE PRIORITIES.

Activities or mission (Part I)

ASSIST LOCAL GOVERNMENTS BY PROVIDING AFFORDABLE HOUSING.

  • EXEMPT PURPOSE ACHIEVEMENTS OF CARITAS AFFORDABLE HOUSING, INC. INCLUDE THE OWNERSHIP AND OPERATION OF NINE AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF BREA, LANCASTER, ROHNERT PARK, VISTA, YUCCA VALLEY AND NORTH LAKEPORT, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 100 MOBILE HOME SPACES AVAILABLE FOR RENT IN THE CITY OF BREA, 852 SPACES AVAILABLE FOR RENT IN LANCASTER, 285 SPACES AVAILABLE FOR RENT IN ROHNERT PARK, 266 SPACES AVAILABLE FOR RENT IN VISTA, 285 SPACES AVAILABLE IN ROHNERT PARK, 164 SPACES AVAILABLE FOR RENT IN THE CITY OF YUCCA VALLEY AND 67 SPACES AVAILABLE FOR RENT IN THE CITY OF NORTH LAKEPORT. THE CORPORATION IS UNDER THE DIRECTION OF THE CARITAS CORPORATION, THE ASSISTANCE CORPORATION (AN EXEMPT ORGANIZATION).

    Expenses $12,649,917 · Revenue $14,381,181

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

Listed in Part VII

  • Therese Bejotte

    CHIEF OPERATING OFFICER

    Total calculated
    $254,074
    From this org
    $0
    From related orgs
    $250,770
    Other
    $3,304
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,304 related
    Filer's total
    $0 + $254,074 related

  • John Woolley

    CHIEF INVESTMENT OFFICER

    Total calculated
    $193,017
    From this org
    $0
    From related orgs
    $193,017
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,017 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,017 related

  • Penny Serna

    CHIEF FINANCIAL OFFICER

    Total calculated
    $173,782
    From this org
    $0
    From related orgs
    $171,445
    Other
    $2,337
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,445 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,337 related
    Filer's total
    $0 + $173,782 related

  • Samantha McCullagh

    CHIEF MISSION OFFICER

    Total calculated
    $85,331
    From this org
    $0
    From related orgs
    $85,331
    Other
    $0
    Hours/week
    1 + 40 related

  • Gabe Chavez

    VP OF DEVELOPMENT

    Total calculated
    $153,296
    From this org
    $0
    From related orgs
    $151,168
    Other
    $2,128
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,168 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,128 related
    Filer's total
    $0 + $153,296 related

  • Robert R Redwitz

    CEO & CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    0 + 8 related

  • Carol McDermott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Robert Thiergartner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tom Redwitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Christine Dunfey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tim Cannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • John Markel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jennifer E Riva

    VP OF FINANCE

    Total calculated
    $0
    Hours/week
    0 + 2 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 November 2024
IRS schema version
2023v5.1
Source object
202413209349314146

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.