Overview
What is Casa Caribe Inc?
Casa Caribe Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, with a specific focus on providing affordable housing units for the elderly. Established with the intention of addressing the housing needs of this demographic, Casa Caribe Inc has been granted tax-exempt status by the Internal Revenue Service (IRS). Their mission revolves around offering low-income housing options, aiming to contribute positively to the well-being of elderly individuals in the community.
Official website here: www.hacecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 68%)
Casa Caribe Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of its operations. The organization scores well in accountability and finance with a total of 68%, reflecting strong governance values such as having a fully independent board and effective conflict of interest policies. However, there are significant shortcomings, particularly in transparency and compliance, as evidenced by low scores in areas like whistleblower policy and document retention practices.
The organization excels in its program expense ratio, demonstrating a commitment to allocating resources effectively towards its mission. However, the liabilities to assets ratio reveals potential financial concerns that may need addressing to ensure long-term sustainability. Additionally, the lack of accessible financial documents on their website could hinder stakeholder trust and transparency, vital for nonprofit organizations.
Overall, while Casa Caribe Inc shows promise with strong governance and program expenses, it faces critical challenges in transparency and financial management. Addressing these issues could lead to improved ratings and greater community confidence in its mission and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Casa Caribe Inc legitimate?
Casa Caribe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casa Caribe Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,242
For more financial information, click here
Official website here: www.hacecdc.org
What is the mission statement of Casa Caribe Inc?
Casa Caribe Inc is dedicated to providing low-income housing opportunities for the elderly. This mission is the primary focus of the organization, for which it was granted tax-exempt status by the IRS. The organization's main activity revolves around offering housing units specifically designed for elderly individuals who are financially disadvantaged. The aim is to provide a secure and comfortable living environment for this vulnerable population, thereby contributing positively to their quality of life. Casa Caribe Inc's mission aligns with the broader goal of ensuring that all seniors, regardless of their financial circumstances, have access to adequate housing.
Official website here: www.hacecdc.org
Who is the CEO of Casa Caribe Inc?
David Gonzalez is the Property Man of Casa Caribe Inc.
Official website here: www.hacecdc.org
What is the revenue of Casa Caribe Inc?
Casa Caribe Inc's revenue in 2022 was $510,185.
Official website here: www.hacecdc.org
Who are the executives of Casa Caribe Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $158,086
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hacecdc.org
Where can I find the form 990 for Casa Caribe Inc?
Casa Caribe Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hacecdc.org
Learn more at the official website: www.hacecdc.org
Mission Statement of Casa Caribe Inc
Casa Caribe Inc, a nonprofit organization, is dedicated to providing low-income housing units specifically for the elderly. This mission is the very reason why Casa Caribe Inc was established and was granted tax-exempt status by the Internal Revenue Service (IRS). The organization's primary focus is on creating a living environment that is accessible and affordable for the elderly, ensuring their dignity and independence are maintained. By offering low-income housing units, Casa Caribe Inc is contributing significantly to the well-being of the elderly community, providing them with a secure and comfortable place to call home.
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Impact
July, 2024
Casa Caribe Inc's impact is substantial in providing low-income housing for the elderly in Philadelphia, PA. By offering affordable housing units specifically tailored for the elderly population, Casa Caribe Inc plays a crucial role in ensuring that this vulnerable demographic has access to safe and suitable living arrangements. Their mission of providing housing support for low-income elderly individuals contributes to enhancing their quality of life and promoting their well-being. Through their focused efforts on addressing the housing needs of the elderly, Casa Caribe Inc positively impacts the community by creating a supportive environment for this often underserved group.
This information is meant to be a general summary of Casa Caribe Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22
- Program Service Revenue: $481,505
- Gross Receipts: $510,185
Assets and Liabilities:
- Total Assets: $2,790,258
- Total Liabilities: $4,929,946
- Net Assets: -$2,139,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$481,505
Organization Details
Founding Year
1997
Phone
(215) 426-8025Principal Officer
David Gonzalez
Main Address
167 WEST ALLEGHENY AVENUE, PHILADELPHIA, PA, 19140
Website
www.hacecdc.orgNTEE Category
Code: L20 - Housing
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