Casa Major Inc
- Assets
- $798.2k
- Revenue
- $718.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 31-1707836
Organization Overview
Casa Major Inc is located in Newport Beach, CA. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Major Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Casa Major Inc generated $718.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $531.9k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASA MAJOR HAS BENEFICIAL INTEREST IN APPROXIMATELY 3,400 DWELLING UNITS IN 27 SEPARATE HOUSING COMMUNITIES THROUGHOUT CALIFORNIA AND MISSOURI. CASA MAJOR PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS AND SERVES AS THE MANAGING GENERAL PARTNER OF LIMITED PARTNERSHIPS THAT OWN OR MANAGE AFFORDABLE HOUSING FOR THE BENEFIT OF LOW AND MODERATE INCOME PERSONS. CASA MAJOR ALSO LOOKS TO PROVIDE SOCIAL SERVICE OUTREACH VENTURES AIMED AT EMPOWERING LOW INCOME PERSONS AND THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Hirsch President | 5 | $2,000 | |
Vasilios Salamandrakis Treasurer And Secretary | 5 | $2,000 | |
Mary Ruth Virgil Director | 1 | $2,000 | |
Shawn Boyd Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,178 |
| Dividends & Interest | $56 |
| Net Rental Income | $4,277 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $707,205 |
| Total Revenue | $718,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $453,662 |
| Total operating and administrative expenses | $521,920 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $531,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,074 |
| Savings and temporary cash investments | $220,896 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,251 |
| Total assets | $798,221 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $307 |
| Total liabilities | $307 |
Grants Awarded
Over the last fiscal year, Casa Major Inc has awarded $20,960 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN CALIFORNIA PUBLIC RADIO PURPOSE: GENERAL OPERATING SUPPORT | $2,100 |
CASA DE ORO PURPOSE: RENT PAYMENTS TO HELP A LOW-INCOME INDIVIDUAL | $18,860 |