Overview
What is Casa Castaner Inc?
Casa Castaner Inc is a nonprofit organization situated in Castaner, Puerto Rico. Primarily functioning as a Single Asset Corporation, it manages a 63-unit apartment project specifically for the elderly, falling under the category of low and very low income individuals. Established under Section 202 of the National Housing Act, the project's operations are regulated by the U.S. Department of Housing and Urban Development (HUD). The project operates under a Housing Assistance Payment (HAP) contract since 1982, which significantly contributes to its income. The primary mission of Casa Castaner Inc is to provide affordable housing opportunities for the elderly, ensuring they have a comfortable living space.
Is Casa Castaner Inc legitimate?
Casa Castaner Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casa Castaner 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: $32,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,844
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What is the mission statement of Casa Castaner Inc?
Casa Castaner Inc, as a non-profit organization, is committed to providing affordable housing opportunities for low and very low-income elderly individuals. Their mission is centered around ensuring that this vulnerable group has access to suitable living arrangements. Operating under Section 202 of the National Housing Act, the organization is regulated by the U.S. Department of Housing and Urban Development (HUD), which influences the rental charges and operational methods of the project. Since 1982, the project has been operating under a Housing Assistance Payment (HAP) contract, and the subsidy provided under this contract significantly contributes to the project's income.
Who is the CEO of Casa Castaner Inc?
Casa Castaner Inc is the Principal Officer of Casa Castaner Inc.
What is the revenue of Casa Castaner Inc?
Casa Castaner Inc's revenue in 2022 was $711,493.
Who are the executives of Casa Castaner Inc and what are their salaries?
The average compensation at Casa Castaner Inc during 2022 was $16,908. There are 8 employees at Casa Castaner Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Casa Castaner Inc?
Casa Castaner Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Casa Castaner Inc
Casa Castaner Inc, a nonprofit organization, is dedicated to providing affordable housing opportunities for low and very low-income elderly individuals. Its mission is centered around making housing accessible for this specific demographic, ensuring they can reside in a secure and affordable living environment. The organization operates under Section 202 of the National Housing Act and is regulated by the US Department of Housing and Urban Development (HUD). This regulation governs the rental charges and operating methods of the project, with the majority of its income being subsidized through a Housing Assistance Payment (HAP) contract, a subsidy that has been in place since 1982.
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Impact
October, 2024
Casa Castaner Inc significantly impacts the community by providing affordable housing opportunities specifically tailored for low and very low-income elderly individuals. Located in Castañer, Puerto Rico, the organization operates a 63-unit apartment complex that offers a safe and supportive living environment for older adults in need.
By partnering with the U.S. Department of Housing and Urban Development (HUD), Casa Castaner ensures that rent is kept affordable, which is crucial for its residents who often live on fixed incomes. The Housing Assistance Payment (HAP) contract established in 1982 further enhances financial stability, allowing residents to access necessary housing without the burden of excessive costs.
This initiative not only addresses the essential need for affordable housing but also fosters a sense of community among the elderly, promoting their well-being and independence. Through its operations, Casa Castaner makes a profound difference in the lives of its residents, contributing to improved quality of life and dignity for some of the most vulnerable members of society.
This information is meant to be a general summary of Casa Castaner 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: $777
- Gross Receipts: $711,493
Assets and Liabilities:
- Total Assets: $1,705,012
- Total Liabilities: $1,494,517
- Net Assets: $210,495
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Organization Details
Founding Year
1978
Phone
(787) 829-6750Principal Officer
Casa Castaner Inc
Main Address
PO BOX 1026, CASTANER, PR, 00631
NTEE Category
Code: L22 - Housing
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