Caritas Communities Inc

Organization Overview

Caritas Communities Inc is located in Braintree, MA. The organization was established in 1987. 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 12/2021, Caritas Communities Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caritas Communities 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 12/2021, Caritas Communities Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HOMELESSNESS PREVENTION THROUGH HOUSING WITH SUPPORT FOR VERY LOW INCOME INDIVIDUALS IN GREATER BOSTON.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT & REAL ESTATE DEVELOPMENT - CARITAS COMMUNITIES, INC. SERVES AS THE REAL ESTATE DEVELOPER AND PROPERTY MANAGER OF ALL OF ITS 30 BUILDINGS LOCATED IN 14 GREATER BOSTON COMMUNITIES, AND HAS SERVED AS A CO-DEVELOPER OF THREE ADDITIONAL AFFORDABLE HOUSING PROJECTS LOCATED IN SOUTH BOSTON. CARITAS COMMUNITIES, INC. UNDERSTANDS THE IMPORTANCE OF STABLE, SAFE, AND QUALITY HOUSING AND BY SERVING AS THE DEVELOPER AND PROPERTY MANAGER OF ITS RENTAL HOUSING, CARITAS COMMUNITIES, INC. IS ABLE TO ENSURE ITS HOUSING MAINTAINS THE STANDARD OF EXCELLENCE ITS RESIDENTS DESERVE.


RENTAL HOUSING - CARITAS COMMUNITIES, INC. PROVIDES PERMANENT HOMES TO MORE THAN 1,000 VERY LOW-INCOME INDIVIDUALS. FOR OVER 33 YEARS, CARITAS HAS HELPED FILL THE NEED FOR AFFORDABLE, SAFE, SECURE HOUSING IN GREATER BOSTON. WE PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS. CARITAS COMMUNITIES, INC. PRIDES ITSELF ON PROVIDING SAFE, WELL MAINTAINED, STABLE HOUSING. EACH HOUSE IS SUPERVISED BY A LIVE-IN RESIDENT MANAGER RESPONSIBLE FOR THE WELL-BEING OF THE RESIDENTS AND THE UPKEEP OF THE PROPERTY. THE CARITAS MODEL CREATES SUSTAINABLE PROPERTIES THAT LESSEN THE NEED FOR HOMELESS SHELTERS. WE MAKE IT POSSIBLE FOR OUR RESIDENTS TO HAVE A PERMANENT HOME, AND TO MAINTAIN DIGNITY AND STABILITY IN THEIR LIVES.


HEALTHY RESIDENTS - CARITAS DEVELOPED THE HEALTHY RESIDENT PROGRAM TO HELP HEAL THE OUTCOMES OF POVERTY AND HOMELESSNESS THAT RESULT IN ISOLATION, DISTRUST, DEPRESSION AND POOR HEALTH. CARITAS' HEALTHY RESIDENT PROGRAM ENCOMPASSES FREE Y MEMBERSHIPS, COMMUNITY MEALS, OPEN ART WORKSHOPS, WRITING WORKSHOPS, BUDGET WORKSHOPS AND LIBRARIES IN OUR HOMES, ALL INTENDED TO PROVIDE CARITAS RESIDENTS WITH OPPORTUNITIES TO CONNECT WITH OTHERS AND PARTICIPATE IN ACTIVITIES THAT FACILITATE PHYSICAL AND MENTAL WELLNESS AND SOCIAL BELONGING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Service United States Corp
Janitorial Services
$214,647
Thrift Builders
Contractor
$135,610
Nw Pest Control
Extermination Services
$112,345
Paulo Cezar Paizante Dba So Clean Clean
Janitorial Services
$143,362
Three-kay Consulting
Consulting Services
$186,091
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$329,265
Membership dues$0
Fundraising events$756,685
Related organizations$0
Government grants $925,329
All other contributions, gifts, grants, and similar amounts not included above$1,253,985
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,265,264
Total Program Service Revenue$2,590,313
Investment income $32,539
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$175,081
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,716,151

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Caritas Communities Inc has recieved totaling $21,000.

Awarding OrganizationAmount
Middlesex Savings Charitable Foundation Inc

Natick, MA

PURPOSE: EXEMPT PURPOSE

$20,000
Melrose Cooperative Bank Foundation

Melrose, MA

PURPOSE: GENERAL OPERATINGSUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$653,113
Net Contributions$92,050
Ending Balance$745,163

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