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Nonprofiteer
← CARITAS CORPORATION

Form 990 for tax year 2023

Filed by CARITAS CORPORATION.

Totals

Total revenue
$26,045,405
Total expenses
$25,618,637
Contributions and grants received
$226,057
Grants paid
$220,945
Program service revenue
$24,770,520
Investment income
$533,377
Other revenue
$515,451
Total assets, end of year
$201,334,676
Total liabilities, end of year
$212,745,215
Net assets or fund balances, end of year
-$11,410,539
Program services expenses (Part IX)
$23,151,800
Management and general expenses
$2,466,837
Fundraising expenses
$0
Program service expenses (Part III)
$23,151,800

Program services were 90.4% 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.

  • 1d · Related organizations

    $116,523

  • 1e · Government grants (contributions)

    $109,534

  • 2a · Program service revenue: RENTAL INCOME

    total $19,083,364 · related or exempt $19,083,364

  • 2b · Program service revenue: ANCILLARY FEES

    total $5,687,156 · related or exempt $5,687,156

  • 3 · Investment income

    total $533,377 · excluded $533,377

  • 11a · Other revenue: MANAGEMENT FEES

    total $225,752 · related or exempt $225,752

  • 11b · Other revenue: OTHER INCOME

    total $184,699 · related or exempt $184,699

  • 11c · Other revenue: MANAGEMENT FEES - NON-OWNED

    total $105,000 · related or exempt $105,000

  • 11e · Other revenue, total

    $515,451

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,945 · program services $220,945

  • 5 · Compensation of officers, directors and key employees

    total $851,731 · management and general $851,731

  • 6 · Compensation of disqualified persons

    total $1,775,519 · program services $1,438,236 · management and general $337,283

  • 9 · Other employee benefits

    total $507,243 · program services $440,407 · management and general $66,836

  • 10 · Payroll taxes

    total $274,262 · program services $182,146 · management and general $92,116

  • 11a · Fees: management

    total $841,034 · program services $841,034

  • 11b · Fees: legal

    total $267,185 · program services $212,618 · management and general $54,567

  • 11c · Fees: accounting

    total $662,536 · program services $368,003 · management and general $294,533

  • 11d · Fees: lobbying

    total $222,615 · program services $102,117 · management and general $120,498

  • 13 · Office expenses

    total $76,941 · program services $58,634 · management and general $18,307

  • 14 · Information technology

    total $154,868 · program services $111,536 · management and general $43,332

  • 16 · Occupancy

    total $15,581,391 · program services $15,405,246 · management and general $176,145

  • 17 · Travel

    total $28,241 · program services $9,254 · management and general $18,987

  • 19 · Conferences, conventions and meetings

    total $18,138 · program services $18,138

  • 22 · Depreciation, depletion and amortization

    total $2,798,692 · program services $2,798,692

  • 24a · Other expenses: CONSULTING

    total $342,207 · program services $111,435 · management and general $230,772

  • 24b · Other expenses: BOND SERVICE FEE

    total $251,195 · program services $251,195

  • 24c · Other expenses: LICENSES & FEES

    total $196,257 · program services $185,485 · management and general $10,772

  • 24d · Other expenses: OUTSIDE SERVICES

    total $158,278 · program services $158,278

  • 24e · All other expenses

    total $389,359 · program services $238,401 · management and general $150,958

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,251,507 · end of year $2,507,932

  • 2 · Savings and temporary cash investments

    beginning of year $1,873,131 · end of year $2,099,360

  • 3 · Pledges and grants receivable

    end of year $97,449

  • 4 · Accounts receivable

    beginning of year $97,493 · end of year $87,548

  • 7 · Other notes and loans receivable

    beginning of year $157,858 · end of year $122,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $315,798 · end of year $643,870

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

    $197,157,169

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

    $23,838,885

  • 10c · Land, buildings and equipment, net

    beginning of year $143,972,861 · end of year $173,318,284

  • 14 · Intangible assets

    beginning of year $1,480,461 · end of year $4,523,734

  • 15 · Other assets

    beginning of year $23,518,301 · end of year $17,934,343

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,377,781 · end of year $3,590,017

  • 19 · Deferred revenue

    end of year $47,493

  • 20 · Tax-exempt bond liabilities

    beginning of year $167,387,645 · end of year $192,736,636

  • 23 · Secured mortgages and notes payable

    beginning of year $3,608,677 · end of year $3,538,601

  • 25 · Other liabilities

    beginning of year $11,462,109 · end of year $12,832,468

  • 27 · Net assets without donor restrictions

    beginning of year -$11,168,802 · end of year -$11,410,539

Mission and programs · 2023

Mission

THE CARITAS CORPORATION IS A NONPROFIT ORGANIZATION WHOSE GOAL IS TO PROVIDE AND MAINTAIN QUALITY, AFFORDABLE HOUSING THROUGH THE ACQUISITION OF MOBILE HOME PARKS, ACQUISITION OF APARTMENT BUILDINGS AND THE DEVELOPMENT OF AFFORDABLE HOUSING COMMUNITIES . 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.

  • SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS AND AN APARTMENT BUILDING). ADDITIONALLY, THE CARITAS CORPORATION'S EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PURCHASE AND OPERATION OF AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF DANA POINT, FRESNO, GARDEN GROVE, LANCASTER, NEWCASTLE, OCEANO, PALMDALE, SAN MARCOS, VACAVILLE, SANTA MONICA, YUCAIPA, INDIO, THERMAL, NAPA VALLEY, AND CHATSWORTH, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 17 APARTMENTS AVAILABLE FOR RENT IN THE CITY OF DANA POINT AS SUPPORTIVE HOUSING FOR THE HOMELESS AND DISABLED, 233 MOBILE HOME SPACES IN THE CITY OF FRESNO, 254 MOBILE HOME SPACES IN THE CITY OF GARDEN GROVE, 308 SPACES IN THE CITY OF LANCASTER, 203 MOBILE HOME SPACES IN THE CITY OF NEWCASTLE, 120 MOBILE HOME SPACES IN THE CITY OF OCEANO, 298 MOBILE HOME SPACES IN THE CITY OF PALMDALE, 150 SPACES IN THE CITY OF SAN MARCOS, 153 MOBILE HOME SPACES IN THE CITY OF VACAVILLE, 105 MOBILE HOMES SPACES IN THE CITY OF SANTA MONICA, 217 MOBILE HOME SPACES IN THE CITY OF YUCAIPA, 185 MOBILE HOME SPACES IN THE CITY OF INDIO AND 35 MOBILE HOME SPACES IN THE CITY OF THERMAL. THERE ARE 7 AFFORDABLE HOUSING PROJECTS LOCATED IN OREGON CITIES OF HUBBARD, HAPPY VALLEY, AND WOODBURN. THERE ARE 121 MOBILE HOME SPACES IN THE CITY OF WOODBURN, 105 MOBILE HOME SPACES IN THE CITY OF HUBBARD, AND 68 MOBILE HOME SPACES IN THE CITY OF HAPPY VALLEY. THERE IS AN AFFORDABLE HOUSING APARTMENT COMPLEX WITH 20 UNITS IN NAPA VALLEY. THERE ARE A TOTAL OF 198 MOBILE HOME SPACES AVAILABLE IN THE CITY OF CHATSWORTH.

    Expenses $23,151,800 · Grants $220,945 · Revenue $25,285,971

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
    $250,770
    From related orgs
    $0
    Other
    $3,304
    Hours/week
    40

    Schedule J breakdown matched by us

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

  • John Woolley

    CHIEF INVESTING OFFICER

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

    Schedule J breakdown matched by us

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

  • Penny Serna

    CHIEF FINANCIAL OFFICER

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

    Schedule J breakdown matched by us

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

  • Gabe Chavez

    VP OF DEVELOPMENT

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

    Schedule J breakdown matched by us

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

  • Samantha McCullagh

    CHIEF MISSION OFFICER

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

  • Robert R Redwitz

    CEO & CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    8

  • Carol McDermott

    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

  • Robert Thiergartner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jennifer E Riva

    VP OF FINANCE

    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. 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

  • THE CARITAS FOUNDATION

    $190,000

    RENTAL ASSISTANCE AND EDUCATION PROGRAMS FOR UNDERSERVED COMMUNITIES

  • SISTERS OF ST CLARE

    $20,800

    PROVIDING FUNDING FOR SISTER EYMARD

  • ORDER OF MALTA

    $5,145

    SUPPORT FOR EARTHQUAKE TURKEY-SYRIA

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.

  • CARITAS ACQUISITIONS I LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS TOWNE & COUNTRY LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · DE

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS RANCHO DEL ARROYO LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · DE

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS III LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS IV LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS SILVER LANTERN LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS V LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS VI LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS VII LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS VIII LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

  • CARITAS ACQUISITIONS IX LLC

    ASSIST LOCAL GOV'T BY PROVIDING AFFORDABLE HOUSING · CA

    Directly controlled by THE CARITAS CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349320605

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