Overview
What is Causa Community Development Inc?
Causa Community Development Inc, an Arizona-based nonprofit organization, was established with the mission to construct, own, and manage a 60-unit apartment community in Guadalupe, Arizona, named Guadalupé Barrio Nuevo Apartments. Operating under Section 223(A)(7) of the National Housing Act, the project is regulated by the Federal Housing Administration (FHA) Section of HUD. The nonprofit has entered into a Housing Assistance Payments Contract, ensuring the provision of affordable housing options. The primary focus of Causa Community Development Inc is to contribute to the housing sector, providing a home for its residents in compliance with the established regulations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Causa Community Development Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score reflects a strong performance in the Accountability & Finance category, which comprises various metrics assessing the charity's governance and financial practices. The organization has implemented effective policies, including a conflict of interest policy and a whistleblower policy, both of which contribute positively to its accountability score.
Strengths of Causa Community Development Inc include a high program expense ratio of 91.69%, demonstrating a commitment to directing a significant portion of its funds towards its mission-related activities. Additionally, the charity has a fully independent board, with a majority of members being independent, which is essential for maintaining transparency and good governance. The organization has also scored well in areas such as financial statements and audit oversight.
However, the charity faces a limitation with a liabilities to assets ratio of 175.70%, which may indicate potential financial risk or unsustainable debt levels. While there are no concerns regarding material diversion of assets, this high ratio could raise questions about the organization’s financial stability in the long term. Overall, while Causa Community Development Inc shows strong accountability and effective governance, it is important for potential donors to consider its financial ratios when assessing its sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Causa Community Development Inc legitimate?
Causa Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Causa Community Development 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: $111,229
For more financial information, click here
What is the mission statement of Causa Community Development Inc?
Causa Community Development Inc, a non-profit organization based in Arizona, was established with the aim of constructing, owning, and operating a 60-unit apartment community. This project, known as Guadalupe Barrio Nuevo Apartments, operates under Section 223(A)(7) of the National Housing Act. The corporation has entered into a regulatory agreement with the Federal Housing Administration section of HUD and a Housing Assistance Payments contract, ensuring the operation of the project in accordance with these agreements. While the information provided does not detail a specific mission statement or objectives beyond the project itself, it can be inferred that Causa Community Development Inc is committed to providing affordable housing solutions.
Who is the CEO of Causa Community Development Inc?
David Adame is the Chairman of Causa Community Development Inc.
What is the revenue of Causa Community Development Inc?
Causa Community Development Inc's revenue in 2023 was $758,368.
Who are the executives of Causa Community Development Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $809,241
- Other: $20,934
- Compensation: $0
- Related: $374,101
- Other: $27,532
- Compensation: $0
- Related: $404,377
- Other: $22,507
- Compensation: $0
- Related: $0
- Other: $0
- 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 Causa Community Development Inc?
Causa Community Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Causa Community Development Inc
Causa Community Development Inc, a not-for-profit corporation, was established with a mission to construct, own, and manage a 60-unit apartment community in Guadalupe, Arizona. This community, named Guadalupe Barrio Nuevo Apartments, operates under Section 223(A)(7) of the National Housing Act, as amended. The organization has entered into a regulatory agreement with the Federal Housing Administration Section of HUD and a Housing Assistance Payments Contract, ensuring the operation and maintenance of the apartment complex. The primary objective of Causa Community Development Inc is to provide affordable housing solutions, contributing to the betterment of its community.
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Impact
July, 2024
Causa Community Development Inc's impact can be seen in the construction and operation of a 60-unit apartment community in Guadalupe, Arizona, known as Guadalupe Barrio Nuevo Apartments. This project, operating under Section 223(a)(7) of the National Housing Act, provides much-needed affordable housing options for individuals and families in the area. By entering into a housing assistance payments contract and adhering to FHA regulatory agreements, Causa Community Development Inc is actively working to address housing needs in the community and improve the quality of life for its residents.
This information is meant to be a general summary of Causa Community Development 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 2023.
- Investment Income: $238
- Program Service Revenue: $311,870
- Gross Receipts: $758,368
Assets and Liabilities:
- Total Assets: $2,415,452
- Total Liabilities: $4,244,117
- Net Assets: -$1,828,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$311,870
Organization Details
Founding Year
1987
Phone
(602) 252-0482Principal Officer
David Adame
Main Address
1112 EAST BUCKEYE ROAD, PHOENIX, AZ, 85034
NTEE Category
Code: L210 - Housing
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