Caritas
- Assets
- $21.7m
- Revenue
- $6.8m
- Investments
- $14.0m
- Employees
- 134
- Location
- Richmond, VA
- Founding
- 06/1988
- Data as of
- 06/2023
- EIN
- 54-1441917
Organization Overview
Caritas is located in Richmond, VA. The organization was established in 1988. 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 06/2023, Caritas employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caritas 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 06/2023, Caritas generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $6.8m during the year ending 06/2023. While expenses have increased by 10.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARITAS PROVIDES EMERGENCY SHELTER, RECOVERY SERVICES, AND HOUSING RESOURCES TO THOUSANDS OF PEOPLE EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY SHELTER - CARITAS IS A LEADING PROVIDER OF INCLUSIVE EMERGENCY SHELTER TO UNACCOMPANIED INDIVIDUALS IN CENTRAL VIRGINIA PROVIDING FOOD, SHELTER, HOUSING ASSISTANCE, AND A PATHWAY TO SELF-SUFFICIENCY. CARITAS SERVES MORE THAN 700 PEOPLE ANNUALLY.
FURNITURE BANK - CARITAS ACCEPTS DONATIONS OF NEW AND GENTLY USED FURNITURE, KITCHENWARE, LINENS AND BASIC HOUSEHOLD ITEMS AT CENTRAL VIRGINIA'S ONLY FURNITURE BANK, WHICH SERVES MORE THAN 650 HOUSEHOLDS ANNUALLY. EQUIPPED WITH BASIC HOUSEHOLD GOODS, THESE FAMILIES CAN DEDICATE THEIR RESOURCES TO BREAKING THE CYCLE OF HOMELESSNESS AND POVERTY.
WORKS- CARITAS RUNS AN INTENSIVE WORKFORCE DEVELOPMENT AND LIFE SKILLS PROGRAM FOR INDIVIDUALS WITH SIGNIFICANT BARRIERS TO EMPLOYMENT INCLUDING HOMELESSNESS, ADDICTION, AND FELONY CONVICTIONS. MORE THAN 75% OF WORKS STUDENTS LEAVE THE PROGRAM EMPLOYED AND EQUIPPED TO THRIVE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Keller Secretary | OfficerTrustee | 1 | $0 |
Arrion Dennis Director | Trustee | 1 | $0 |
Bill Biedenharn Director | Trustee | 1 | $0 |
Cedrick Overton Director | Trustee | 1 | $0 |
Charles Fitzgerald Director | Trustee | 1 | $0 |
Cindy L Birsinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $142,557 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,914,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,783,076 |
| Noncash contributions included in lines 1a–1f | $1,400,517 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,840,580 |
| Total Program Service Revenue | $1,162,044 |
| Investment income | $190,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,827,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $553,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,607 |
| Compensation of current officers, directors, key employees. | $83,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,577,473 |
| Pension plan accruals and contributions | $46,168 |
| Other employee benefits | $249,629 |
| Payroll taxes | $204,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,103 |
| Fees for services: Accounting | $50,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,123 |
| Advertising and promotion | $22,979 |
| Office expenses | $81,414 |
| Information technology | $86,226 |
| Royalties | $0 |
| Occupancy | $1,027,103 |
| Travel | $4,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,631 |
| Insurance | $127,748 |
| All other expenses | $172,749 |
| Total functional expenses | $6,782,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,295 |
| Savings and temporary cash investments | $2,476,441 |
| Pledges and grants receivable | $355,943 |
| Accounts receivable, net | $25,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,589 |
| Prepaid expenses and deferred charges | $31,064 |
| Net Land, buildings, and equipment | $763,375 |
| Investments—publicly traded securities | $1,125,133 |
| Investments—other securities | $14,023,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,732,291 |
| Total assets | $21,737,110 |
| Accounts payable and accrued expenses | $476,375 |
| Grants payable | $0 |
| Deferred revenue | $356,143 |
| 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 | $1,167,035 |
| Total liabilities | $1,999,553 |
| Net assets without donor restrictions | $19,431,171 |
| Net assets with donor restrictions | $306,386 |
| 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 | $21,737,110 |