Form 990 for tax year 2022
Filed by CARITAS AFFORDABLE HOUSING INC.
Totals
- Total revenue
- $14,043,516
- Total expenses
- $12,696,673
- Contributions and grants received
- $73,657
- Grants paid
- $0
- Program service revenue
- $13,791,932
- Investment income
- $177,927
- Other revenue
- $0
- Total assets, end of year
- $83,657,945
- Total liabilities, end of year
- $85,894,830
- Net assets or fund balances, end of year
- -$2,236,885
- Program services expenses (Part IX)
- $12,441,425
- Management and general expenses
- $255,248
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,441,425
Program services were 98.0% 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
$73,657
-
2a · Program service revenue: RENTS
total $11,262,610 · related or exempt $11,262,610
-
2b · Program service revenue: UTILITIES, LAUNDRY ETC
total $2,529,322 · related or exempt $2,529,322
-
3 · Investment income
total $177,927 · excluded $177,927
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $825,478 · program services $825,478
-
9 · Other employee benefits
total $222,501 · program services $222,501
-
10 · Payroll taxes
total $138,416 · program services $138,416
-
11a · Fees: management
total $733,712 · program services $478,464 · management and general $255,248
-
11b · Fees: legal
total $39,707 · program services $39,707
-
11c · Fees: accounting
total $208,035 · program services $208,035
-
12 · Advertising and promotion
total $48,395 · program services $48,395
-
13 · Office expenses
total $36,426 · program services $36,426
-
14 · Information technology
total $41,053 · program services $41,053
-
16 · Occupancy
total $8,349,851 · program services $8,349,851
-
17 · Travel
total $2,034 · program services $2,034
-
19 · Conferences, conventions and meetings
total $7,326 · program services $7,326
-
22 · Depreciation, depletion and amortization
total $1,599,657 · program services $1,599,657
-
24a · Other expenses: BOND SERVICE FEES
total $105,623 · program services $105,623
-
24b · Other expenses: OUTSIDE SERVICES
total $99,001 · program services $99,001
-
24c · Other expenses: LICENSES & FEES
total $76,971 · program services $76,971
-
24d · Other expenses: CONSULTING
total $73,456 · program services $73,456
-
24e · All other expenses
total $89,031 · program services $89,031
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $113,830 · end of year $476,498
-
4 · Accounts receivable
beginning of year $104,433 · end of year $42,768
-
7 · Other notes and loans receivable
beginning of year $108,038 · end of year $90,347
-
8 · Inventories for sale or use
beginning of year $136,500
-
9 · Prepaid expenses and deferred charges
beginning of year $43,986 · end of year $110,288
-
10a · Land, buildings and equipment: cost or other basis
$81,378,041
-
10b · Land, buildings and equipment: accumulated depreciation
$20,888,663
-
10c · Land, buildings and equipment, net
beginning of year $61,188,885 · end of year $60,489,378
-
14 · Intangible assets
beginning of year $1,635,092 · end of year $1,572,346
-
15 · Other assets
beginning of year $20,602,812 · end of year $20,876,320
-
17 · Accounts payable and accrued expenses
beginning of year $1,820,306 · end of year $1,846,880
-
20 · Tax-exempt bond liabilities
beginning of year $82,222,400 · end of year $80,660,000
-
25 · Other liabilities
beginning of year $3,474,598 · end of year $3,387,950
-
27 · Net assets without donor restrictions
beginning of year -$4,783,728 · end of year -$3,436,885
-
28 · Net assets with donor restrictions
beginning of year $1,200,000 · end of year $1,200,000
Mission and programs · 2022
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 $12,441,425 · Revenue $14,043,516
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carol McDermottCAROL MCDERMOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Robert ThiergartnerROBERT THIERGARTNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Tom RedwitzTOM REDWITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Christine DunfeyCHRISTINE DUNFEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Charles E PackardCHARLES E PACKARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Tim CannonTIM CANNON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Robert R RedwitzROBERT R REDWITZ
CEO & CHAIRMAN OF BOARD
- Total calculated
- $0
- Hours/week
- 0 + 8 related
-
John MarkelJOHN MARKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Therese BejotteTHERESE BEJOTTE
CHIEF OPERATING OFFICER
- Total calculated
- $280,951
- From this org
- $0
- From related orgs
- $277,290
- Other
- $3,661
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $277,290 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,661 related
- Filer's total
- $0 + $280,951 related
-
John WoolleyJOHN WOOLLEY
CHIEF INVESTMENT OFFICER
- Total calculated
- $182,445
- From this org
- $0
- From related orgs
- $182,445
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $182,445 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $182,445 related
-
Penny SernaPENNY SERNA
CHIEF FINANCIAL OFFICER
- Total calculated
- $162,961
- From this org
- $0
- From related orgs
- $160,873
- Other
- $2,088
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $160,873 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $2,088 related
- Filer's total
- $0 + $162,961 related
-
Thomas MauroTHOMAS MAURO
CHIEF MISSION OFFICER
- Total calculated
- $101,566
- From this org
- $0
- From related orgs
- $101,566
- Other
- $0
- Hours/week
- 1 + 40 related
-
Jennifer E RivaJENNIFER E RIVA
VP OF FINANCE
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Gabe ChavezGABE CHAVEZ
VP OF DEVELOPMENT
- Total calculated
- $138,159
- From this org
- $0
- From related orgs
- $136,429
- Other
- $1,730
- Hours/week
- 1 + 40 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.
-
501(C)(3) · SUPPORT ORG & PROVIDE AFFORDABLE HOUSING · CA
-
501(C)(3) · SUPPORT UNDERSERVED COMMUNITY THROUGH RENT ASSISTANCE AND EDUCATION PROGRAMS · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349309514
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