Caritas Corporation

Organization Overview

Caritas Corporation is located in Irvine, CA. The organization was established in 1996. 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 12/2022, Caritas Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caritas Corporation 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 12/2022, Caritas Corporation generated $25.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $26.1m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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.

Since 2014, Caritas Corporation has awarded 32 individual grants totaling $1,789,337. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST LOCAL GOVERNMENTS BY PROVIDING AFFORDABLE HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS AND AN APARTMENT BUILDING). ADDITIONALLY, THE CARITAS CORPORATION'S EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PURCHASE AND OPERATION OF SIXTEEN AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF DANA POINT, FRESNO, GARDEN GROVE, LANCASTER, NEWCASTLE, OCEANO, PALMDALE, SAN MARCOS, VACAVILLE, SANTA MONICA, YUCAIPA, INDIO AND THERMAL, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 17 APARTMENTS AVAILABLE FOR RENT IN THE CITY OF DANA POINT AS SUPPORTIVE HOUSING FOR THE HOMELESS AND DISABLED, 233 MOBILE HOME SPACES IN THE CITY OF FRESNO, 254 MOBILE HOME SPACES IN THE CITY OF GARDEN GROVE, 308 SPACES IN THE CITY OF LANCASTER, 203 MOBILE HOME SPACES IN THE CITY OF NEWCASTLE, 120 MOBILE HOME SPACES IN THE CITY OF OCEANO, 298 MOBILE HOME SPACES IN THE CITY OF PALMDALE, 117 MOBILE HOME SPACES IN THE CITY OF PALO ALTO, 150 SPACES IN THE CITY OF SAN MARCOS, 153 MOBILE HOME SPACES IN THE CITY OF VACAVILLE, 105 MOBILE HOMES SPACES IN THE CITY OF SANTA MONICA, 217 MOBILE HOME SPACES IN THE CITY OF YUCAIPA, 185 MOBILE HOME SPACES IN THE CITY OF INDIO AND 35 MOBILE HOME SPACES IN THE CITY OF THERMAL. THERE ARE 7 AFFORDABLE HOUSING PROJECTS LOCATED IN OREGON CITIES OF HUBBARD, HAPPY VALLEY, AND WOODBURN. THERE ARE 121 MOBILE HOME SPACES IN THE CITY OF WOODBURN, 105 MOBILE HOME SPACES IN THE CITY OF HUBBARD, AND 68 MOBILE HOME SPACES IN THE CITY OF HAPPY VALLEY. THERE IS AN AFFORDABLE HOUSING APPARTMENT COMPLEX UNDER CONSTRUCTION IN NAPA, CALIFORNIA.


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Board, Officers & Key Employees

Name (title)Compensation
Carol Mcdermott
Board Member
$0
Robert Thiergartner
Board Member
$0
Tom Redwitz
Board Member
$0
Christine Dunfey
Board Member
$0
Charles E Packard
Board Member
$0
Tim Cannon
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Midstate Construction
Napa Construction
$3,604,856
Redwitz Inc
Accounting, Consulting
$837,540
Birtcher Anderson Realty Management
Property Management
$776,769
As Design Asphalt
Asphalt
$277,450
Redwitz Inc
Rent/furniture
$127,693
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$107,571
Government grants $1,443,685
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,551,256
Total Program Service Revenue$22,940,399
Investment income $694,260
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 $25,570,510

Grants Awarded

Over the last fiscal year, Caritas Corporation has awarded $287,012 in support to 3 organizations.

Grant RecipientAmount

SISTERS OF ST CLARE

PURPOSE: PROVIDING FUNDING FOR SISTER EYMARD

$20,800

THE CARITAS FOUNDATION

PURPOSE: RENTAL ASSISTANCE AND EDUCATION PROGRAMS FOR UNDERSERVED COMMUNITIES

$246,212

BOYS & GIRLS CLUB

PURPOSE: PROVIDING FUNDING FOR STUDENTS

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Elwyn California
San Jose, CA
$76,207,908
National Community Renaissance Of California
Rancho Cucamonga, CA
$53,753,487
City Of Scottsdale Municipal Property Corp
Scottsdale, AZ
$48,575,000
Bridge Housing Corporation
San Francisco, CA
$69,068,304
Self Help Enterprises
Visalia, CA
$41,610,602
Eden South County Inc
Hayward, CA
$27,651,734
Habitat For Humanity International Inc
Bellflower, CA
$56,195,444
Chinatown Community Development Center Inc
San Francisco, CA
$32,240,314
Reach Community Development Inc
Portland, OR
$25,254,357
Central Valley Coalition For Affordable Housing
Merced, CA
$31,106,692
Millennium Housing Corporation
Costa Mesa, CA
$31,709,132
Nevada Affordable Housing Assistance Corporation
Las Vegas, NV
$28,051,600
Caritas Corporation
Irvine, CA
$25,570,510
Rincon De Los Esteros Inc
San Jose, CA
$36,882,846
Habitat For Humanity Portland Metro East
Portland, OR
$27,913,722
Jamboree Housing Corporation
Irvine, CA
$33,004,708
Linc Housing Corporation
Long Beach, CA
$19,739,757
Single Room Occupancy Housing Corp
Los Angeles, CA
$21,747,617
Kingdom Development Inc
Riverside, CA
$26,036,112
The Mortgage Capital Development Company
Oakland, CA
$21,879,934
Abode Communities
Los Angeles, CA
$32,741,209
A Community Of Friends
Los Angeles, CA
$19,454,068
Habitat For Humanity International Inc
Oakland, CA
$21,910,227
Century Housing Corporation
Culver City, CA
$37,466,757
Los Angeles Lomod South Inc
Los Angeles, CA
$26,338,478

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