Overview
What is Santa Cruz Apartments Inc?
Santa Cruz Apartments Inc is a nonprofit organization established with the primary purpose of acquiring, owning, and operating a 132-unit apartment community located in Tucson, Arizona, named Santa Cruz Apartments. The community was initially purchased from the Resolution Trust Corporation on December 17, 1993, and was originally financed by the corporation under Section 207, pursuant to Section 223(F) of the National Housing Act. Subsequently, on June 24, 2003, the community underwent refinancing, and the FHA mortgage loan was paid in full. The nonprofit's mission revolves around the management and operation of this apartment complex.
Is Santa Cruz Apartments Inc legitimate?
Santa Cruz Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Cruz Apartments 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: $158,520
For more financial information, click here
What is the mission statement of Santa Cruz Apartments Inc?
Santa Cruz Apartments Inc was established with the primary objective of acquiring, owning, and operating a 132-unit apartment community. This community, known as Santa Cruz Apartments, was originally purchased in 1993 from the Resolution Trust Corporation, with financing under Section 207 of the National Housing Act, Section 223(F). In 2003, the community was refinanced, and the FHA mortgage loan was paid off in full. The company's mission, therefore, can be summarized as focusing on the acquisition, ownership, and operation of apartment communities, with a specific instance being the Santa Cruz Apartments in Tucson, Arizona.
Who is the CEO of Santa Cruz Apartments Inc?
David Adame is the Chairman of Santa Cruz Apartments Inc.
What is the revenue of Santa Cruz Apartments Inc?
Santa Cruz Apartments Inc's revenue in 2023 was $1,189,541.
Who are the executives of Santa Cruz Apartments 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 Santa Cruz Apartments Inc?
Santa Cruz Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Santa Cruz Apartments Inc
Santa Cruz Apartments Inc was established with the primary objective of acquiring, owning, and managing a 132-unit apartment community located in Tucson, Arizona. Initially, the community was procured from the Resolution Trust Corporation on December 17, 1993, and was financed under Section 207, in accordance with Section 223(F) of the National Housing Act, as amended. Later, on June 24, 2003, the community underwent refinancing, and the FHA mortgage loan was fully paid off. Santa Cruz Apartments Inc's mission revolves around the responsible management of this apartment community, ensuring it remains a viable and sustainable housing option for its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Santa Cruz Apartments Inc plays a vital role in addressing housing needs within Tucson, Arizona by managing a 132-unit apartment community known as Santa Cruz Apartments. Established in 1993, the organization was created to acquire, maintain, and operate this residential complex, providing accessible housing options for the community.
By purchasing the apartments from the Resolution Trust Corporation, Santa Cruz Apartments Inc has been able to offer stable and affordable residences essential for families and individuals in the area. The organization undertook significant financial actions to ensure the community’s sustainability, including the refinancing of the property in 2003, which further demonstrates its commitment to long-term viability and the financial health of the housing community.
In summary, Santa Cruz Apartments Inc makes a meaningful impact by contributing to the affordable housing sector, ensuring that local residents have access to dependable living arrangements in a supportive and well-managed environment.
This information is meant to be a general summary of Santa Cruz Apartments 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: $603
- Program Service Revenue: $1,102,359
- Gross Receipts: $1,189,541
Assets and Liabilities:
- Total Assets: $1,778,171
- Total Liabilities: $2,030,677
- Net Assets: -$252,506
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,102,359
Organization Details
Founding Year
1992
Phone
(602) 252-0482Principal Officer
David Adame
Main Address
1112 EAST BUCKEYE ROAD, PHOENIX, AZ, 85034
NTEE Category
Code: L210 - Housing
If you are a representative of Santa Cruz Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.