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Nonprofiteer
← CASA MIA SENIOR APARTMENTS INC

Form 990 for tax year 2022

Filed by CASA MIA SENIOR APARTMENTS INC.

Totals

Total revenue
$526,368
Total expenses
$860,355
Contributions and grants received
$254,443
Grants paid
$0
Program service revenue
$265,972
Investment income
$0
Other revenue
$5,953
Total assets, end of year
$3,363,950
Total liabilities, end of year
$6,087,933
Net assets or fund balances, end of year
-$2,723,983
Program services expenses (Part IX)
$770,396
Management and general expenses
$89,959
Fundraising expenses
$0
Program service expenses (Part III)
$770,396

Program services were 89.5% 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)

    $254,443

  • 2a · Program service revenue: RENTAL INCOME

    total $243,435 · related or exempt $243,435

  • 2b · Program service revenue: FORGIVENESS OF DEBT

    total $22,537 · related or exempt $22,537

  • 11a · Other revenue: LAUNDRY & VENDING

    total $3,675 · excluded $3,675

  • 11b · Other revenue: TENANT CHARGES

    total $1,964 · excluded $1,964

  • 11c · Other revenue: OTHER REVENUE-MISC.

    total $314 · excluded $314

  • 11e · Other revenue, total

    $5,953

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,034 · program services $111,034

  • 8 · Pension plan contributions

    total $2,270 · program services $2,270

  • 9 · Other employee benefits

    total $23,498 · program services $23,498

  • 10 · Payroll taxes

    total $8,589 · program services $8,589

  • 11a · Fees: management

    total $32,824 · management and general $32,824

  • 11b · Fees: legal

    total $174 · management and general $174

  • 11c · Fees: accounting

    total $6,550 · management and general $6,550

  • 11g · Fees: other

    total $133 · management and general $133

  • 12 · Advertising and promotion

    total $1,926 · management and general $1,926

  • 13 · Office expenses

    total $34,864 · management and general $34,864

  • 14 · Information technology

    total $5,629 · management and general $5,629

  • 16 · Occupancy

    total $471,422 · program services $471,422

  • 17 · Travel

    total $1,607 · management and general $1,607

  • 22 · Depreciation, depletion and amortization

    total $153,583 · program services $153,583

  • 24a · Other expenses: MANAGER UNIT

    total $6,252 · management and general $6,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,231 · end of year $32,443

  • 4 · Accounts receivable

    end of year $40,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,394 · end of year $21,234

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

    $5,174,545

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

    $1,976,066

  • 10c · Land, buildings and equipment, net

    beginning of year $3,352,062 · end of year $3,198,479

  • 13 · Investments: program-related

    beginning of year $128,293 · end of year $48,279

  • 15 · Other assets

    beginning of year $22,425 · end of year $22,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,530 · end of year $227,218

  • 19 · Deferred revenue

    beginning of year $3,247 · end of year $5,679

  • 23 · Secured mortgages and notes payable

    beginning of year $5,703,318 · end of year $5,680,781

  • 25 · Other liabilities

    beginning of year $93,306 · end of year $174,255

  • 27 · Net assets without donor restrictions

    beginning of year -$2,389,996 · end of year -$2,723,983

Mission and programs · 2022

Mission

ORGANIZED TO OWN AND OPERATE A 64 UNIT APARTMENT COMMUNITY IN PHOENIX, ARIZONA, KNOWN AS CASA MIA APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ASSETS AND LIABILITIES OF THE APARTMENT COMMUNITY WERE TRANSFERRED FROM CASA MIA MUTUAL HOUSING ASSOCIATION, INC. TO THE CORPORATION ON AUGUST 2, 2011. THE TRANSFER OF PHYSICAL ASSETS TO THE CORPORATION WAS APPROVED BY HUD ON JUNE 23, 2011. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

  • ORGANIZED TO OWN AND OPERATE A 64 UNIT APARTMENT COMMUNITY IN PHOENIX, ARIZONA, KNOWN AS CASA MIA APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ASSETS AND LIABILITIES OF THE APARTMENT COMMUNITY WERE TRANSFERRED FROM CASA MIA MUTUAL HOUSING ASSOCIATION, INC. TO THE CORPORATION ON AUGUST 2, 2011. THE TRANSFER OF PHYSICAL ASSETS TO THE CORPORATION WAS APPROVED BY HUD ON JUNE 23, 2011. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

    Expenses $770,396 · Revenue $265,972

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Adame

    CHAIRMAN

    Total calculated
    $830,175
    From this org
    $0
    From related orgs
    $809,241
    Other
    $20,934
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $809,241 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,885 related
    Nontaxable benefits
    $0 + $18,049 related
    Filer's total
    $0 + $830,175 related

  • Alicia Nunez

    CFO

    Total calculated
    $401,633
    From this org
    $0
    From related orgs
    $374,101
    Other
    $27,532
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,101 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,262 related
    Nontaxable benefits
    $0 + $21,270 related
    Filer's total
    $0 + $401,633 related

  • Max Gonzales

    DIRECTOR

    Total calculated
    $426,884
    From this org
    $0
    From related orgs
    $404,377
    Other
    $22,507
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $404,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,123 related
    Nontaxable benefits
    $0 + $17,384 related
    Filer's total
    $0 + $426,884 related

  • Antonio Moya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Delma Herrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Alex Varela

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Stephanie Acosta

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 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
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202420239349300407

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