Casa De Oro Foundation Inc
- Assets
- $1.0m
- Revenue
- $696.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Vernal, UT
- Founding
- 09/1997
- Data as of
- 01/2023
- EIN
- 77-0445845
Organization Overview
Casa De Oro Foundation Inc is located in Vernal, UT. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa DE Oro Foundation 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 01/2023, Casa DE Oro Foundation Inc generated $696.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $97.5k during the year ending 01/2023. 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
MISSION STATEMENT: THE FOUNDATIONS WORKED VERY SUCCESSFULLY WITH UBAG, THE UINTAH BASIN ASSOCIATION OF GOVERNMENTS, IN VARIOUS LOW-INCOME HOUSING PROJECTS TO KEEP THE POPULATION HOUSED THROUGHOUT THE PANDEMIC YEARS AND INTO JULY 2022. CASA DE ORO FOUNDATION CONTRIBUTED GREATLY TO MANY FAMILIES. THAT SUFFERED BECAUSE OF UNEMPLOYMENT, SICKNESS, DRUG ADDICTION, AND MENTAL HEALTH ISSUES. IN JULY A LOCAL BUYER PURCHASED THE PROPERTY PROJECTING TO MAKE REPAIRS AND MODERNIZE THE BUILDINGS. OUR MISSION WAS A TOTAL SUCCESS AND NOW LOOKING FOR OTHER PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASA DE ORO FOUNDATION HELPED THE VERNAL COMMUNITY BY PROVIDING HOUSING AND BRINGING SEVERAL FAMILIES OUT OF HOMELESSNESS AND DESPAIR. WORKING WITH UINTAH BASIN ASSOCIATIONS OF GOVERNMENTS, FREINDS AGAINST FAMILY VIOLENCE AND THE UTAH RENTAL ASSISTANCE PROGRAMS, THE FOUNDATION PROVIDED HOUSING FOR UP TO 12 FAMILIES YEAR ROUND. ALL 12 UNITS HOUSED TENANTS THAT HAD FALLEN INTO DESPAIR BECAUSE OF CLOSURES AS A RESULT OF COVID 19. HAVING STABILIZED THEIR HOUSING NEEDS, MOST ARE WELL ON THE WAY TO FINDING NEW JOBS. HAVING ACHIEVED STABILITY, EFFICIENCY AND FULL CAPACITY, THE FOUNDATION WILL PLAN TO SELL THE PROPERTY TO NEW OWNERS THAT WILL CONTINUE THIS WORK.
MISSION STATEMENT: THE FOUNDATIONS WORKED VERY SUCCESSFULLY WITH UBAG, THE UINTAH BASIN ASSOCIATION OF GOVERNMENTS, IN VARIOUS LOW-INCOME HOUSING PROJECTS TO KEEP THE POPULATION HOUSED THROUGHOUT THE PANDEMIC YEARS AND INTO JULY 2022. CASA DE ORO FOUNDATION CONTRIBUTED GREATLY TO MANY FAMILIES. THAT SUFFERED BECAUSE OF UNEMPLOYMENT, SICKNESS, DRUG ADDICTION, AND MENTAL HEALTH ISSUES. IN JULY A LOCAL BUYER PURCHASED THE PROPERTY PROJECTING TO MAKE REPAIRS AND MODERNIZE THE BUILDINGS. OUR MISSION WAS A TOTAL SUCCESS AND NOW LOOKING FOR OTHER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson P Galindo President | OfficerTrustee | $0 | |
Dr Camilo Jorge Board Member | Trustee | $0 | |
Bradley Walker Board Member | Trustee | $0 | |
Dannys E Cody Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $71,148 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $625,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $696,437 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,593 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,158 |
| Travel | $6,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,982 |
| Insurance | $0 |
| All other expenses | $24,295 |
| Total functional expenses | $97,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,031,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,318 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,549 |
| Total liabilities | $11,549 |
| Net assets without donor restrictions | $0 |
| 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 | $1,019,769 |
| Total liabilities and net assets/fund balances | $1,031,318 |