Overview
What is Caritas Affordable Housing Inc?
Caritas Affordable Housing Inc is a California-based nonprofit organization dedicated to assisting local governments by providing affordable housing solutions. With nine affordable housing projects across the cities of Brea, Lancaster, Rohnert Park, Vista, Yucca Valley, and North Lakeport, they currently offer a combined total of 1,527 spaces for rent. Their mission is to acquire and maintain quality mobile home parks, striving to create vibrant communities where affordable housing, resident involvement, and care are prioritized. The organization's accomplishments include the ownership and operation of nine projects with an unfilled statutory obligation to provide affordable housing. They are overseen by the Caritas Corporation and The Assistance Corporation, which is an exempt organization.
Official website here: www.caritascorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%
Caritas Affordable Housing Inc has received an 85% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score reflects strong performance in the Accountability & Finance category, indicating a commitment to transparency and responsible financial management. The organization has successfully demonstrated adherence to best practices, particularly with an excellent program expense ratio of 97.94%, suggesting that a significant portion of resources is directly allocated to its mission.
The nonprofit boasts an independent board with 85% of its members being independent, showcasing a governance structure that prioritizes accountability. Additionally, the organization's policies regarding conflict of interest, whistleblower protections, and document retention are all in place and effectively communicated, further enhancing its credibility and operational integrity.
While the overall score is commendable, it is solely based on the Accountability & Finance beacon, which means that other aspects, such as program effectiveness or impact, are not reflected in this rating. As a result, potential donors and supporters may want to seek additional information on the organization's specific programs and their outcomes to get a fuller picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Caritas Affordable Housing Inc legitimate?
Caritas Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caritas Affordable Housing 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: $825,478
For more financial information, click here
Official website here: www.caritascorp.org
What is the mission statement of Caritas Affordable Housing Inc?
Caritas Affordable Housing Inc is a non-profit organization committed to assisting local governments by providing affordable housing solutions. Their mission is to acquire mobile home parks and offer quality, reasonably priced housing to households with fixed or limited incomes. Amidst the scarcity of reliable and long-term housing, Caritas aims to create vibrant communities where quality of life, resident involvement, and care are priorities. Their goal is to improve the living conditions for those in need and help build stable, thriving communities.
Official website here: www.caritascorp.org
Who is the CEO of Caritas Affordable Housing Inc?
Jennifer Riva is the Principal Officer of Caritas Affordable Housing Inc. The CEO's salary of Caritas Affordable Housing Inc is $0 and their total compensation is $0.
Official website here: www.caritascorp.org
What is the revenue of Caritas Affordable Housing Inc?
Caritas Affordable Housing Inc's revenue in 2022 was $14,043,516.
Official website here: www.caritascorp.org
Who are the executives of Caritas Affordable Housing Inc and what are their salaries?
There 7 volunteers at Caritas Affordable Housing Inc.
Here are 14 key members and their salaries (Caritas Affordable Housing Inc's CEO's salary is $0 and their total compensation is $0):
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- Related: $277,290
- Other: $3,661
- Compensation: $0
- Related: $182,445
- Other: $0
- Compensation: $0
- Related: $160,873
- Other: $2,088
- Compensation: $0
- Related: $101,566
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $136,429
- Other: $1,730
Official website here: www.caritascorp.org
Where can I find the form 990 for Caritas Affordable Housing Inc?
Caritas Affordable Housing Inc'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 Caritas Affordable Housing Inc
Caritas Affordable Housing Inc, a nonprofit organization, strives to make a difference by assisting local governments in providing affordable housing solutions. With the growing number of households relying on fixed or limited incomes, and the scarcity of reliable, long-term, reasonably priced housing, Caritas steps in to create vibrant communities where quality of life, resident involvement, and care are prioritized.
Caritas Affordable Housing, Inc.'s mission is geared towards the acquisition of mobile home parks, and the subsequent provision and maintenance of quality, affordable housing. Their ultimate goal is to foster thriving communities where residents can enjoy a good standard of living and be actively engaged. By prioritizing affordable housing, Caritas aims to alleviate the pressure faced by households struggling to make ends meet.
In their pursuit of creating thriving communities, Caritas goes beyond just housing. Their commitment to quality extends to the overall well-being of their residents. By focusing on the importance of resident involvement and care, Caritas fosters an environment where people feel a sense of belonging and are encouraged to participate in community activities. This, in turn, contributes to a stronger, more cohesive neighborhood.
Caritas Affordable Housing, Inc. is more than just an organization that provides housing; it's a beacon of hope and a catalyst for positive change. Through their dedication to acquiring and maintaining mobile home parks, they offer an invaluable service to local governments and the communities they serve. By prioritizing the needs of those on fixed or limited incomes, Caritas is making a significant impact on people's lives and creating vibrant, caring communities.
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Impact
October, 2024
Caritas Affordable Housing Inc significantly influences the communities it serves by providing essential affordable housing options. With ownership and operation of nine affordable housing projects across California, it addresses the pressing need for accessible housing in various cities including Brea, Lancaster, Rohnert Park, Vista, Yucca Valley, and North Lakeport.
The organization manages a total of 1,754 mobile home spaces available for rent, which serve families, individuals, and those on fixed or limited incomes. This effort not only helps meet local governmental obligations to provide affordable housing but also fosters vibrant communities where quality of life and resident involvement are paramount.
As more households struggle with the affordability of housing, Caritas plays a crucial role in creating sustainable living environments. Their focus on maintaining quality housing reflects a commitment to enhancing the well-being of residents, ensuring they have a stable place to call home, and promoting a sense of community. Through these initiatives, Caritas Affordable Housing Inc is making a lasting impact by addressing housing challenges and uplifting communities throughout California.
This information is meant to be a general summary of Caritas Affordable Housing 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: $177,927
- Program Service Revenue: $13,791,932
- Gross Receipts: $14,043,516
Assets and Liabilities:
- Total Assets: $83,657,945
- Total Liabilities: $85,894,830
- Net Assets: -$2,236,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$11,262,610
UTILITIES, LAUNDRY ETC
Revenue
$2,529,322
Organization Details
Founding Year
1998
Phone
(949) 727-0568Principal Officer
Jennifer Riva
Main Address
3 PARK PLAZA 1700, IRVINE, CA, 92614
Website
www.caritascorp.orgNTEE Category
Code: L20 - Housing
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