Casa De Oro Foundation Inc
- Assets
- $604.2k
- Revenue
- $77.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Vernal, UT
- Founding
- 09/1997
- Data as of
- 01/2022
- 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 01/2022, Casa DE Oro Foundation Inc generated $77.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $103.2k during the year ending 01/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CASA DE ORO FOUNDATION IS TO PROVIDE AND ASSIST IN PROVIDING HOUSING TO AND FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES, PARTICULARLY IN DISTRESSED AREAS AND NEIGHBORDHOODS AND IN REDEVELOPED ZONES RECOGNIZED BY STATE, LOCAL AND FEDERAL AGENCIES.
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.
CASA DE ORO FOUNDATION HAS CONTINUED TO PROVIDE LOW INCOME HOUSING AND HAS STRUGGLED THROUGH THIS COVID 19 PANDEMIC ALL DURING 2020 SUFFERING FROM COST OF REPAIRS AND HAS FALLEN BEHIND ON THEIR PROPERTY TAXES. THE FOUNDATION IS WORKING IN ASSOCIATION WITH THE LOCAL GOVERNMENT AGENCY TO PROVIDE HOUSING TO THE HOMELESS UNDER THE UT RENT RELIEF PROGRAM. I AM HAPPY TO SAY THAT WE ARE HELPING MANY OTHERWISE HOMELESS FAMILIES THAT WOULD OTHERWISE BE HOMELESS. DURING 2021 WE HAVE CONTINUED TO PROVIDE HOUSING AND SOLUTIONS TO FAMILIES IN GREAT NEED. THE UT RENT RELIEF PROGRAM IS HELPING US REDUCE THE RENT AND HOPEFULLY PAY THE PROPERTY TAXES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson P Galindo President | OfficerTrustee | $0 | |
Dannys E Cody Secretary | Officer | $0 | |
Dr Camilo Jorge Board Member | Trustee | $0 | |
Bradley Walker Board Member | Trustee | $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 | $77,007 |
| Investment income | $0 |
| 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 | $77,007 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,530 |
| Travel | $0 |
| 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 | $32,958 |
| Insurance | $0 |
| All other expenses | $16,679 |
| Total functional expenses | $103,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,056 |
| Savings and temporary cash investments | $1,452 |
| 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 | $599,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $604,230 |
| 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 | $157,400 |
| Other liabilities | $26,040 |
| Total liabilities | $183,440 |
| 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 | $420,790 |
| Total liabilities and net assets/fund balances | $604,230 |
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