Caracole Inc
- Assets
- $7.1m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 80
- Location
- Cincinnati, OH
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 31-1210524
Organization Overview
Caracole Inc is located in Cincinnati, OH. The organization was established in 1988. 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, Caracole Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caracole 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, Caracole Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 19.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE POSITIVELY CHANGE LIVES IN THE FIGHT AGAINST HIV/AIDS THROUGH PREVENTION, HOUSING AND CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WERE AWARDED THE ENDING THE HIV EPIDEMIC GRANT- A GRANT PASSED FROM THE HEALTH RESOURCES SERVICES ADMINISTRATION TO THE STATE OF OHIO. THIS IS NEW FUNDING FOR US. WE HAVE TWO GRANTS--ONE FOR CARE AND ONE FOR PREVENTION. ON THE CARE SIDE, IT IS ENABLING US TO HIRE NEW TEAM TO PROVIDE INTENSIVE SERVICES FOR NEWLY DIAGNOSED PEOPLE LIVING WITH HIV OR THOSE WHO HAVE FALLEN OUT OF CARE. WE ARE HIRING FOR A VARIETY OF POSITIONS INCLUDING PEER NAVIGATORS TO HELP PEOPLE MANEUVER THE COMPLICATED SYSTEM OF CARE. ON THE PREVENTION SIDE, WE HAVE EXPANDED OUR STAFF WITH THESE FUNDS TO ALLOW FOR AN INCREASED PRESENCE IN THE COMMUNITY FOR HIV EDUCATION AND TESTING. CARACOLE ALSO RECEIVED FUNDING TO BUILD A CUSTOMIZED HARM REDUCTION DISPENSING MACHINE AVAILABLE FOR PEOPLE WHO USE DRUGS SEEKING ACCESS TO SAFER INJECTION KITS, SAFER SMOKING KITS, NALOXONE, FENTANYL TEST STRIPS, PREGNANCY TESTS, SYRINGE DISPOSAL AND SAFER SEX KITS. THE MACHINE IS FREE AND AVAILABLE 24/7. THE GOAL IS TO PREVENT DISEASE TRANSMISSION, PROVIDE EDUCATION AND REFERRALS AND PREVENT OVERDOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Seiter Executive Director | Officer | 40 | $153,845 |
Mark Mccomas Chief Financial Officer | Officer | 40 | $88,706 |
Ellie Singleton Officer | Officer | 40 | $82,570 |
Midge Hines Officer | Officer | 40 | $79,430 |
Rina Saperstein Officer | Officer | 40 | $74,062 |
Patricia Bath Officer | Officer | 40 | $65,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmblue Llc Pharmacy Services | 12/30/18 | $1,334,597 |
Bambeck & Vest Associates Inc Construction | 12/30/18 | $150,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,243 |
| Membership dues | $0 |
| Fundraising events | $24 |
| Related organizations | $0 |
| Government grants | $4,550,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,201 |
| Noncash contributions included in lines 1a–1f | $44,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,907,297 |
| Total Program Service Revenue | $6,236,640 |
| Investment income | $249,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,153 |
| Net Income from Fundraising Events | $79,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,567,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,709,151 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,976 |
| Compensation of current officers, directors, key employees. | $43,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,790,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $524,936 |
| Payroll taxes | $267,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,875 |
| Advertising and promotion | $131,292 |
| Office expenses | $0 |
| Information technology | $113,230 |
| Royalties | $0 |
| Occupancy | $279,412 |
| Travel | $14,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,130 |
| Interest | $2,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,164 |
| Insurance | $27,036 |
| All other expenses | $106,038 |
| Total functional expenses | $11,252,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,407 |
| Accounts receivable, net | $1,604,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,557 |
| Prepaid expenses and deferred charges | $103,805 |
| Net Land, buildings, and equipment | $165,021 |
| Investments—publicly traded securities | $4,399,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,500 |
| Total assets | $7,131,053 |
| Accounts payable and accrued expenses | $491,503 |
| Grants payable | $0 |
| Deferred revenue | $13,334 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $504,837 |
| Net assets without donor restrictions | $6,546,635 |
| Net assets with donor restrictions | $79,581 |
| 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 | $7,131,053 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Caracole Inc has recieved totaling $219,323.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $75,275 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $59,295 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $26,012 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,964 |
Estee Lauder Companies Charitable Foundation New York, NY PURPOSE: CARACOLE HOUSING AND CASE MANAGEMENT PROGRAMS | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,576 |
Endowment Analysis
| Beg. Balance | $3,869,651 |
| Earnings | $524,034 |
| Ending Balance | $4,393,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Alliance For Housing Oakland County Continuum Of Care Pontiac, MI | $25,935,962 | $39,151,253 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |