Overview
What is Casa De Corazones Inc Co High Desert Housing?
Casa De Corazones Inc Co High Desert Housing is a nonprofit organization located in Albuquerque, New Mexico. Their primary focus is to establish, maintain, and operate a program providing affordable housing for the disabled, indigent, and underprivileged, in compliance with regulatory agreements. This is carried out under Section 811 of the National Affordable Housing Act. The organization's mission is to cater to the housing needs of this specific demographic, aiming to provide a safe and affordable living environment for them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
Casa De Corazones Inc Co High Desert Housing has received a poor rating of 48% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a strong program expense ratio of 93.87%, showcasing a commitment to its charitable activities, its overall financial health is questionable, highlighted by a liabilities to assets ratio of 156.58%.
The organization benefits from a majority of independent board members, which is a positive sign for governance, but it falls short with only two independent members overall. There are several critical policies missing, including conflict of interest and whistleblower policies, which raises concerns about transparency and the management of potential risks within the organization.
The absence of key documentation on its website, including the tax form and policies regarding document retention, further detracts from its accountability rating. Overall, while Casa De Corazones Inc demonstrates some strengths in its program spending, it faces serious challenges that could impact its effectiveness and trustworthiness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Casa De Corazones Inc Co High Desert Housing legitimate?
Casa De Corazones Inc Co High Desert Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casa De Corazones Inc Co High Desert Housing 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: $36,924
For more financial information, click here
What is the mission statement of Casa De Corazones Inc Co High Desert Housing?
Casa De Corazones Inc Co High Desert Housing is dedicated to establishing, maintaining, and operating a program that provides affordable housing for the disabled, indigent, and underprivileged, in accordance with Section 811 of the National Affordable Housing Act. The organization's mission is to ensure that very low-income and disabled individuals have access to safe and affordable housing, with compliance with regulatory agreements. This housing project aims to make a significant difference in the lives of those in need, particularly those who are most vulnerable.
Who is the CEO of Casa De Corazones Inc Co High Desert Housing?
Kara Summers is the Director of Casa De Corazones Inc Co High Desert Housing.
What is the revenue of Casa De Corazones Inc Co High Desert Housing?
Casa De Corazones Inc Co High Desert Housing's revenue in 2022 was $141,304.
Who are the executives of Casa De Corazones Inc Co High Desert Housing and what are their salaries?
There 3 volunteers at Casa De Corazones Inc Co High Desert Housing.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Casa De Corazones Inc Co High Desert Housing?
Casa De Corazones Inc Co High Desert Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Casa De Corazones Inc Co High Desert Housing
Casa de Corazones Inc Co High Desert Housing is an organization dedicated to establishing, maintaining, and operating a program to provide affordable housing for the disabled, indigent, and underserved. This mission is carried out under Section 811 of the National Affordable Housing Act.
The organization's primary goal is to provide affordable housing for those who are most in need, including the disabled and underprivileged. By doing so, Casa de Corazones Inc Co High Desert Housing aims to make a significant impact on the lives of its residents, offering them a safe and comfortable living environment.
Compliance with regulatory agreements ensures the project, occupied by very low-income and disabled persons, is run with transparency and adherence to established standards. This commitment to accountability and quality is a testament to Casa de Corazones Inc Co High Desert Housing's dedication to its mission of providing affordable housing for those who need it most.
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Impact
June, 2024
Casa De Corazones Inc Co High Desert Housing's impact lies in providing affordable housing for disabled, indigent, and underprivileged individuals in Albuquerque, NM. By establishing, maintaining, and operating a program under Section 811 of the National Affordable Housing Act, the organization offers a housing project that caters to very low-income and disabled persons while ensuring compliance with regulatory agreements. This initiative not only addresses the critical need for affordable housing but also specifically supports individuals with mental health challenges, thereby positively impacting their quality of life and overall well-being.
This information is meant to be a general summary of Casa De Corazones Inc Co High Desert Housing. 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: $12
- Program Service Revenue: $141,292
- Gross Receipts: $141,304
Assets and Liabilities:
- Total Assets: $1,022,061
- Total Liabilities: $1,600,374
- Net Assets: -$578,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVT RENT ASSISTANT
Revenue
$93,021
TENANT RENT REVENUE
Revenue
$47,986
LAUNDRY VENDING TENANT
Revenue
$285
Organization Details
Founding Year
2003
Principal Officer
Kara Summers
Main Address
PO BOX 80009, Albuquerque, NM, 87198
NTEE Category
Code: F33 - Mental health
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