Mi Casa My House Inc
- Assets
- $23.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Washington, DC
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 52-1796840
Organization Overview
Mi Casa My House Inc is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, MI Casa My House Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MI Casa My House 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 12/2023, MI Casa My House Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME PEOPLE IN THE WASHINGTON, DC AND BALTIMORE METROPOLITAN AREAS. THE ORGANIZATION PROMOTES ECONOMIC REINVESTMENT, HOUSING DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION TO SUSTAIN DIVERSE AND HEALTHY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OPERATIONS - THE ORGANIZATION OPERATES THE FOLLOWING RENTAL BUILDINGS:6925 GEORGIA AVENUE LLC, AS AN AFFORDABLE RENTAL APARTMENT BUILDING LOCATED AT 6925 GEORGIA AVENUE, NW, WASHINGTON, D.C.; THE SELMA APARTMENTS, LLC, TO MANAGE TWENTY CONDOMINIUM UNITS AS AFFORDABLE RENTAL UNITS AT THE UNITY CONDOMINIUM LOCATED AT 21 KENNEDY STREET, NW, WASHINGTON, D.C.; THE 1919 CALVERT STREET, LLC, AS A ONE ROW HOUSE WITH 14 UNITS OF AFFORDABLE SINGLE ROOM OCCUPANCY; 49-53 MISSOURI AVENUE NW, LLC, TO PURCHASE AND DEVELOP LOT NUMBER NINETY TWO AT 49-53 MISSOURI AVENUE, NW, WASHINGTON, DC; 4040 8TH STREET NW, LLC, TO PURCHASE AND DEVELOP THE PROPERTY AT 4040 8TH STREET, NW, WASHINGTON, DC; 301 DELAFIELD PLACE NW, LLC, TO PURCHASE AND DEVELOP THE PROPERTY AT 301 DELAFIELD PLACE, NW, WASHINGTON, DC. 1706 16TH STREET SE, TO PURCHASE AND DEVELOP THE FOUR-UNIT RENTAL BUILDING LOCATED AT 1706 16TH ST SE.
MULTI FAMILY DEVELOPMENT TENANT PURCHASES - SERVES AS DEVELOPMENT CONSULTANT TO TENANT ASSOCIATIONS AND NONPROFIT ORGANIZATIONS UNDERTAKING MULTI-FAMILY PROPERTY PURCHASES, ASSISTING AND OVERSEEING BUILDING RENOVATIONS, AND TO NONPROFITS THAT OWN OR WANT TO OWN AND PRESERVE THEIR SPACE. ALSO WORKED WITH TENANT GROUPS TO INCREASE LONG TERM CAPACITY TO OWN AND MANAGE THEIR OWN BUILDINGS, SUPERVISING PROJECTS THROUGH COMPLETION.
RENTAL AND SINGLE FAMILY MI CASA OWNED DEVELOPMENTS - THE ORGANIZATION PROMOTES ECONOMIC REINVESTMENT, HOUSING DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION TO SUSTAIN DIVERSE AND HEALTHY COMMUNITIES THROUGH SINGLE FAMILY HOME DEVELOPMENT TO OFFER AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Lemos Executive Director | OfficerTrustee | 40 | $124,168 |
Christina Sturdivant Sani President | OfficerTrustee | 1 | $0 |
Peta-Gay Lewis Vice President | OfficerTrustee | 1 | $0 |
Danielle Marie Burs Secretary | OfficerTrustee | 1 | $0 |
Fernando Bonilla-Verdesoto Treasurer | OfficerTrustee | 1 | $0 |
Natasha Hadijski Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vicente Aquinoaq Contractors General Contracting | 12/30/21 | $484,630 |
Valentin Valdovinos Villalba General Contracting | 12/30/21 | $116,898 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,755 |
| Total Program Service Revenue | $1,827,549 |
| Investment income | $7,384 |
| 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 | $2,779,537 |
| 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. | $265,961 |
| Compensation of current officers, directors, key employees. | $42,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $808,685 |
| Pension plan accruals and contributions | $19,642 |
| Other employee benefits | $118,605 |
| Payroll taxes | $82,568 |
| Fees for services: Management | $3,360 |
| Fees for services: Legal | $25,271 |
| Fees for services: Accounting | $40,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $73,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,338 |
| Advertising and promotion | $0 |
| Office expenses | $23,222 |
| Information technology | $28,238 |
| Royalties | $0 |
| Occupancy | $470,871 |
| Travel | $3,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,680 |
| Interest | $615,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,135 |
| Insurance | $102,444 |
| All other expenses | $0 |
| Total functional expenses | $3,626,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451,822 |
| Savings and temporary cash investments | $494,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,542,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,604,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,056 |
| Net Land, buildings, and equipment | $15,647,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,744,379 |
| Total assets | $23,509,866 |
| Accounts payable and accrued expenses | $2,387,169 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $67,573 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,556,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,404 |
| Total liabilities | $21,095,813 |
| Net assets without donor restrictions | $2,414,053 |
| Net assets with donor restrictions | $0 |
| 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 | $23,509,866 |