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Form 990 for tax year 2022

Filed by CASA.

Totals

Total revenue
$10,419,968
Total expenses
$8,583,573
Contributions and grants received
$4,052,907
Grants paid
$0
Program service revenue
$6,037,977
Investment income
$39,649
Other revenue
$289,435
Total assets, end of year
$54,698,433
Total liabilities, end of year
$40,670,764
Net assets or fund balances, end of year
$14,027,669
Program services expenses (Part IX)
$6,299,251
Management and general expenses
$1,741,025
Fundraising expenses
$543,297
Program service expenses (Part III)
$6,299,251

Program services were 73.4% 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)

    $429,270

  • 1f · All other contributions, gifts and grants

    $3,623,637

  • 1g · Noncash contributions included above

    $245,491

  • 2a · Program service revenue: RENTAL INCOME

    total $4,105,867 · related or exempt $4,105,867

  • 2b · Program service revenue: DEVELOPER FEES

    total $1,507,804 · related or exempt $1,507,804

  • 2c · Program service revenue: MANAGEMENT FEES

    total $411,836 · related or exempt $411,836

  • 2d · Program service revenue: GRANT ADMINISTRATION FEES

    total $12,470 · related or exempt $12,470

  • 3 · Investment income

    total $38,009 · excluded $38,009

  • 7a · Gross sales of assets other than inventory

    other assets $1,640

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,640

  • 7d · Net gain or loss

    total $1,640 · excluded $1,640

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $281,126 · excluded $281,126

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $8,309 · related or exempt $8,309

  • 11e · Other revenue, total

    $289,435

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $293,286 · program services $110,112 · management and general $172,050 · fundraising $11,124

  • 7 · Other salaries and wages

    total $1,624,327 · program services $147,884 · management and general $1,125,077 · fundraising $351,366

  • 8 · Pension plan contributions

    total $8,977 · program services $6,921 · management and general $1,007 · fundraising $1,049

  • 9 · Other employee benefits

    total $163,807 · program services $126,292 · management and general $18,374 · fundraising $19,141

  • 10 · Payroll taxes

    total $174,849 · program services $134,805 · management and general $19,613 · fundraising $20,431

  • 11b · Fees: legal

    total $54,942 · management and general $54,942

  • 11c · Fees: accounting

    total $40,000 · management and general $40,000

  • 13 · Office expenses

    total $555,506 · program services $58,694 · management and general $286,998 · fundraising $209,814

  • 20 · Interest

    total $606,637 · program services $606,012 · fundraising $625

  • 22 · Depreciation, depletion and amortization

    total $1,183,141 · program services $1,183,141

  • 23 · Insurance

    total $23,808 · program services $5,095 · management and general $15,569 · fundraising $3,144

  • 24a · Other expenses: RENTAL EXPENSE

    total $2,806,563 · program services $2,804,477 · management and general $2,086

  • 24b · Other expenses: JUNCTION POINT EXPENSES

    total $741,897 · program services $741,897

  • 24c · Other expenses: OPERATING COSTS

    total $173,295 · program services $170,841 · management and general $2,454

  • 24d · Other expenses: DEVELOPMENT COSTS

    total $136,567 · program services $136,567

  • 24e · All other expenses

    total -$4,029 · program services $66,513 · management and general $2,855 · fundraising -$73,397

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,927,650 · end of year $11,603,145

  • 3 · Pledges and grants receivable

    beginning of year $2,936,729 · end of year $2,955,615

  • 4 · Accounts receivable

    beginning of year $145,867 · end of year $156,096

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

    $51,148,003

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

    $11,746,331

  • 10c · Land, buildings and equipment, net

    beginning of year $25,250,833 · end of year $39,401,672

  • 15 · Other assets

    beginning of year $419,054 · end of year $581,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $562,867 · end of year $1,891,125

  • 19 · Deferred revenue

    beginning of year $125,155 · end of year $151,740

  • 23 · Secured mortgages and notes payable

    beginning of year $25,566,826 · end of year $38,386,764

  • 25 · Other liabilities

    beginning of year $232,504 · end of year $241,135

  • 27 · Net assets without donor restrictions

    beginning of year $4,113,266 · end of year $3,882,620

  • 28 · Net assets with donor restrictions

    beginning of year $8,079,515 · end of year $10,145,049

Mission and programs · 2022

Mission

CASA'S MISSION IS TO DEVELOP AND MANAGE AFFORDABLE HOUSING,PROVIDING OPPORTUNITIES FOR SUCCESSFUL LIVING.

Activities or mission (Part I)

CASA PROVIDES ACCESS TO STABLE, AFFORDABLE HOUSING FOR PEOPLE WHO ARE HOMELESS OR AT RISK BY DEVELOPING AND MANAGING RENTAL COMMUNITIES.

  • CASA DEVELOPS, OWNS AND MANAGES RENTAL PROPERTIES THAT PROVIDE SAFE, DECENT AND AFFORDABLE APARTMENTS FOR PEOPLE WHO ARE OF LOW INCOME, MANY HAVE BEEN HOMELESS AND MAY HAVE A DISABILITY. CASA PARTNERS WITH AREA AGENCIES TO PROVIDE SUPPORTIVE SERVICES TO TENANTS WITH DISABILITIES.

    Expenses $6,299,251 · Revenue $6,046,286

As filed on the 2022 return.

Listed in Part VII

  • Marlene Frias

    CAO

    Total calculated
    $54,346
    From this org
    $54,096
    From related orgs
    $0
    Other
    $250
    Hours/week
    40

  • Daneene Barton

    CHIEF FINANCIAL OFFICER

    Total calculated
    $53,832
    From this org
    $51,121
    From related orgs
    $0
    Other
    $2,711
    Hours/week
    40

  • Everett McEleveen

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $141,485
    From this org
    $138,419
    From related orgs
    $0
    Other
    $3,066
    Hours/week
    40

  • Rebecca Joyner

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Sharonda Ocean

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Dr Keith Hull Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Casey Angel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Sheneque Duncan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rob Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tina Konidaris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steven Peden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Levi Zsuppan

    BOARD MEMBER

    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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • JUNCTION POINT LLC

    PROVIDE AFFORDABLE HOUSING · NC · income $1,182,818 · assets $119,755

    Directly controlled by CASA

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202411179349301001

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