Casa Nueva Vida Inc
- Assets
- $6.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 122
- Location
- Jamaica Plain, MA
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 04-3012063
Organization Overview
Casa Nueva Vida Inc is located in Jamaica Plain, MA. The organization was established in 1992. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Casa Nueva Vida Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Nueva Vida 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 06/2022, Casa Nueva Vida Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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
THE ORGANIZATION PROVIDES TEMPORARY HOUSING TO HOMELESS FAMILIES WITH PARTICULAR ATTENTION TO THE NEEDS OF HISPANIC FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TEMPORARY HOUSING TO HOMELESS FAMILIES WITH PARTICULAR ATTENTION TO THE NEEDS OF HISPANIC FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Violeta Gonzalez Director | Trustee | 0.5 | $0 |
Alba Alvarez Treasurer | Trustee | 1 | $0 |
Jim Cote Director | Trustee | 1 | $0 |
Lisa Morales President, Clerk, Interim Director | Trustee | 10 | $37,080 |
Vernon Blessing Interim Exetive Director | 40 | $112,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,016,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,111,317 |
| Total Program Service Revenue | $0 |
| Investment income | $769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,114,675 |
| 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. | $149,820 |
| Compensation of current officers, directors, key employees. | $14,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,584,554 |
| Pension plan accruals and contributions | $46,167 |
| Other employee benefits | $357,114 |
| Payroll taxes | $244,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $426,345 |
| Fees for services: Accounting | $47,810 |
| 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 | $100,383 |
| Information technology | $31,339 |
| Royalties | $0 |
| Occupancy | $1,848,184 |
| Travel | $1,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,674 |
| Insurance | $79,206 |
| All other expenses | $57,794 |
| Total functional expenses | $6,740,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,809,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $597,551 |
| 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 | $116,062 |
| Net Land, buildings, and equipment | $3,146,778 |
| Investments—publicly traded securities | $56,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,263 |
| Total assets | $6,808,115 |
| Accounts payable and accrued expenses | $686,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $582,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,269,172 |
| Net assets without donor restrictions | $5,523,152 |
| Net assets with donor restrictions | $15,791 |
| 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 | $6,808,115 |