Overview
What is Castillo Homes Inc?
Castillo Homes Inc is a California-based nonprofit organization, specifically a public benefit corporation, which has constructed a 32-unit apartment complex in Santa Barbara, California. This complex is designed to serve individuals with low to moderate income. Around 60% of the revenue derived from the tenants is subsidized by the Housing Authority, ensuring affordability for the residents. The organization's mission is to provide housing and contribute to the community, playing a significant role in addressing housing needs in Santa Barbara.
Is Castillo Homes Inc legitimate?
Castillo Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castillo Homes 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.
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What is the mission statement of Castillo Homes Inc?
Castillo Homes Inc, a California-based non-profit organization, focuses on providing housing solutions for individuals with low to moderate income. They have developed a 32-unit apartment complex, with around 60% of the revenue from tenants being subsidized, ensuring affordability for its residents. The organization's main activity involves the operation and maintenance of this apartment complex, providing a home for those who might otherwise struggle to secure adequate housing. By doing so, Castillo Homes Inc contributes to the betterment of its community by offering affordable housing options.
Who is the CEO of Castillo Homes Inc?
Cindy Young is the Executive Director of Castillo Homes Inc.
What is the revenue of Castillo Homes Inc?
Castillo Homes Inc's revenue in 2022 was $433,117.
Who are the executives of Castillo Homes Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Castillo Homes Inc?
Castillo Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Castillo Homes Inc
Castillo Homes Inc, a California-based non-profit organization, is committed to providing housing solutions for individuals with low to moderate income. Their mission materialized in the form of a 32-unit apartment complex, which they developed. This complex serves as a sanctuary for many, offering them a place to call home. Notably, approximately 60% of the revenue generated from tenants is subsidized by the Housing Authority, ensuring affordability for the residents. The organization is responsible for the operation and maintenance of this complex, ensuring it remains a safe and comfortable living space for its inhabitants.
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Impact
October, 2024
Castillo Homes Inc has a significant impact on the Santa Barbara community by providing affordable housing for individuals and families with low to moderate incomes. The organization developed a 32-unit apartment complex, ensuring that housing is accessible to those who might otherwise struggle to find adequate accommodations in a high-cost area.
By operating and maintaining this apartment complex, Castillo Homes Inc not only addresses the immediate housing needs of residents but also fosters a sense of community and stability. Approximately 60% of the rental revenue is subsidized by the Housing Authority, which allows for reduced financial burdens on tenants and promotes greater economic security. This commitment to affordable housing contributes to the overall well-being of the community, creating a more inclusive and supportive environment for its residents.
This information is meant to be a general summary of Castillo Homes 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: $1,306
- Program Service Revenue: $431,811
- Gross Receipts: $433,117
Assets and Liabilities:
- Total Assets: $1,561,109
- Total Liabilities: $520,580
- Net Assets: $1,040,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY ETC. INCOME
Revenue
$2,439
RENTAL INCOME
Revenue
$429,372
Organization Details
Founding Year
1988
Phone
(805) 963-9644Principal Officer
Cindy Young
Main Address
11 EAST HALEY STREET, SANTA BARBARA, CA, 93101
NTEE Category
Code: L20Z - Housing
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