Casa
- Assets
- $38.7m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Raleigh, NC
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 56-1778714
Organization Overview
Casa is located in Raleigh, NC. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Casa employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa 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 06/2022, Casa generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 10.9% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CASA PROVIDES ACCESS TO STABLE, AFFORDABLE HOUSING FOR PEOPLE WHO ARE HOMELESS OR AT RISK BY DEVELOPING AND MANAGING RENTAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASA DEVELOPS, OWNS AND MANAGES RENTAL PROPERTIES THAT PROVIDE SAFE, DECENT AND AFFORDABLE APARTMENTS FOR PEOPLE WHO ARE OF LOW INCOME, MANY HAVE BEEN HOMELESS AND MAY HAVE A DISABILITY. CASA PARTNERS WITH AREA AGENCIES TO PROVIDE SUPPORTIVE SERVICES TO TENANTS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Griffin Board Member | Trustee | 1 | $0 |
Casey Angel Board Member | Trustee | 1 | $0 |
Stewart Witzeman Secretary | OfficerTrustee | 1 | $0 |
Dr Keith Hull Jr Board Member | Trustee | 1 | $0 |
Rebecca Joyner Chair | OfficerTrustee | 1 | $0 |
Steven Peden Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olympian Welding & Fabrication Construction | 6/29/20 | $266,088 |
Sta-bil Construction Llc Construction | 6/29/20 | $145,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,126,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,315,046 |
| Noncash contributions included in lines 1a–1f | $319,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,441,197 |
| Total Program Service Revenue | $3,598,426 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $721,954 |
| Net Income from Fundraising Events | $1,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,762,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,776 |
| Compensation of current officers, directors, key employees. | $269,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $921,256 |
| Pension plan accruals and contributions | $16,347 |
| Other employee benefits | $140,746 |
| Payroll taxes | $127,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $647,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $251,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,519 |
| Insurance | $30,602 |
| All other expenses | $40,781 |
| Total functional expenses | $6,596,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,927,650 |
| Pledges and grants receivable | $2,936,729 |
| Accounts receivable, net | $145,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,250,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $419,054 |
| Total assets | $38,680,133 |
| Accounts payable and accrued expenses | $562,867 |
| Grants payable | $0 |
| Deferred revenue | $125,155 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,566,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,504 |
| Total liabilities | $26,487,352 |
| Net assets without donor restrictions | $4,113,266 |
| Net assets with donor restrictions | $8,079,515 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,680,133 |