Overview
What is The Caritas Corporation?
The Caritas Corporation is a nonprofit organization based in Irvine, California, with a team of eleven dedicated individuals. Their mission is to support and assist one affiliated corporation in owning and maintaining affordable housing projects, primarily in California and Oregon. These projects consist of mobile home parks and apartment buildings across various cities, including Dana Point, Fresno, Garden Grove, Lancaster, Newcastle, Oceano, Palmdale, Palo Alto, San Marcos, Vacaville, Santa Monica, Yucaipa, Indio, Thermal, Hubbard, Happy Valley, and Woodburn. In California, they plan to construct an affordable housing apartment complex in Napa. Their initiatives aim to provide affordable housing, addressing the increasing need for reliable and reasonably priced housing options for households with fixed or limited incomes. By creating vibrant communities, The Caritas Corporation prioritizes quality of life, resident involvement, and caring.
Official website here: www.caritascorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Stars ating
The Caritas Corporation has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This score is derived solely from their impressive Accountability & Finance score of 85%. The organization exhibits a robust governance structure with an entirely independent board and strong financial oversight measures, including regular audits and transparent reporting practices.
Strengths of The Caritas Corporation include a high program expense ratio of 90.36%, indicating that a significant portion of their funds is directed towards their programs rather than administrative costs. They also have comprehensive policies in place, such as conflict of interest and whistleblower policies, which further emphasize their commitment to ethical operations and transparency.
While the rating highlights many strengths, it is important to note that the overall score is based exclusively on financial accountability, and additional qualitative factors such as program outcomes or community impact are not assessed in this rating. Therefore, potential donors and supporters may want to consider seeking more information about their programming effectiveness alongside the financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is The Caritas Corporation legitimate?
The Caritas Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Caritas Corporation 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: $858,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.caritascorp.org
What is the mission statement of The Caritas Corporation?
The Caritas Corporation is a nonprofit organization dedicated to helping local governments by supplying affordable housing options. Their mission is to provide and maintain quality, reasonably priced housing through the acquisition of mobile home parks, apartment buildings, and the development of affordable housing communities. With the rising number of households on fixed or limited incomes and the scarcity of reliable, long-term housing, Caritas strives to create vibrant communities that prioritize quality of life, resident involvement, and care.
Official website here: www.caritascorp.org
Who is the CEO of The Caritas Corporation?
Robert R Redwitz is the Board Member of The Caritas Corporation. The CEO's salary of The Caritas Corporation is $0 and their total compensation is $0.
Official website here: www.caritascorp.org
What is the revenue of The Caritas Corporation?
The Caritas Corporation's revenue in 2022 was $25,570,510.
Official website here: www.caritascorp.org
Who are the executives of The Caritas Corporation and what are their salaries?
The average compensation at The Caritas Corporation during 2022 was $78,055. There are 11 employees and 7 volunteers at The Caritas Corporation.
Here are 14 key members and their salaries (The Caritas Corporation's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $277,290
- Related: $0
- Other: $3,661
- Compensation: $182,445
- Related: $0
- Other: $0
- Compensation: $160,873
- Related: $0
- Other: $2,088
- Compensation: $101,565
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $136,429
- Related: $0
- Other: $1,730
Official website here: www.caritascorp.org
Where can I find the form 990 for The Caritas Corporation?
The Caritas Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caritascorp.org
Learn more at the official website: www.caritascorp.org
Mission Statement of The Caritas Corporation
The Caritas Corporation, a prominent nonprofit organization, strives to make a difference by working closely with local governments to address the critical issue of affordable housing. With the increasing number of households relying on fixed or limited incomes, the scarcity of reliable, long-term, reasonably priced housing has become a major concern. In response, Caritas Corporation sets out to create vibrant communities where residents can enjoy a good quality of life.
This mission-driven organization, based on the principles of acquisition and development, pursues the acquisition of mobile home parks, apartment buildings, and the development of affordable housing communities. Caritas Corporation's ultimate goal is to provide and maintain quality, affordable housing for those in need. Through these efforts, they aim to prioritize the well-being of residents, foster community involvement, and promote a caring environment.
By focusing on the acquisition and development of affordable housing, Caritas Corporation plays a vital role in addressing the housing crisis faced by numerous households. Their commitment to creating sustainable and thriving communities is a beacon of hope for individuals and families seeking reliable and reasonably priced housing options.
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Impact
October, 2024
The Caritas Corporation significantly impacts communities by addressing the pressing need for affordable housing. By acquiring and maintaining a diverse range of housing options, such as mobile home parks and apartment buildings, Caritas plays a crucial role in increasing the availability of affordable living spaces for individuals and families facing financial challenges.
With a strong presence in California and Oregon, Caritas operates sixteen affordable housing projects in cities like Dana Point, Fresno, and Santa Monica, among others. This not only provides essential housing for low-income residents but also fulfills statutory obligations to ensure that communities have adequate affordable housing options. The organization currently offers various types of affordable housing, including supportive housing for the homeless and disabled, with a total of over 1,500 mobile home spaces and apartment units available for rent across its locations.
Moreover, The Caritas Corporation creates vibrant communities that prioritize quality of life and resident engagement. By focusing on the needs of households on fixed or limited incomes, Caritas fosters an environment of care and community involvement, which is vital for the well-being of residents. Their ongoing commitment, exemplified by new developments like an affordable housing apartment complex under construction in Napa, California, further demonstrates their dedication to addressing housing scarcity and enhancing the living conditions for some of the most vulnerable populations.
This information is meant to be a general summary of The Caritas Corporation. 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: $694,260
- Program Service Revenue: $22,940,399
- Gross Receipts: $25,570,510
Assets and Liabilities:
- Total Assets: $173,667,410
- Total Liabilities: $184,836,212
- Net Assets: -$11,168,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,866,421
ANCILLARY FEES
Revenue
$5,073,978
Organization Details
Founding Year
1996
Phone
(949) 727-0568Principal Officer
Robert R Redwitz
Main Address
3 PARK PLAZA 1700, IRVINE, CA, 92614
Website
www.caritascorp.orgNTEE Category
Code: L200 - Housing
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