Silverwood Casitas Inc
- Assets
- $5.0m
- Revenue
- $341.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 80-0691441
Organization Overview
Silverwood Casitas Inc is located in Tucson, AZ. The organization was established in 2011. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Silverwood Casitas 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 12/2022, Silverwood Casitas Inc generated $341.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $472.2k during the year ending 12/2022. 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
TO MANAGE A US DEPARTMENT OF HOUSING & URBAN DEVELOPMENT SECTION 202 PROJECT PROVIDING HOUSING TO LOW INCOME ELDERLY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORTIVE HOUSING TO THE ELDERLY UNDER HUD SECTION 202
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Heddings Executive Director | Trustee | 10 | $0 |
Diane Quihuis Treasurer | OfficerTrustee | 0 | $0 |
Megan O'leary Secretary | OfficerTrustee | 0 | $0 |
Stanley Lehman President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,480 |
| 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 | $195,480 |
| Total Program Service Revenue | $146,100 |
| Investment income | $31 |
| 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 | $341,611 |
| 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 | $90,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,684 |
| Payroll taxes | $6,772 |
| Fees for services: Management | $23,016 |
| Fees for services: Legal | $357 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87 |
| Office expenses | $12,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $142,502 |
| Insurance | $13,603 |
| All other expenses | $20,307 |
| Total functional expenses | $472,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,843 |
| Savings and temporary cash investments | $11,121 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231 |
| 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 | $5,362 |
| Net Land, buildings, and equipment | $4,800,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,148 |
| Total assets | $4,980,527 |
| Accounts payable and accrued expenses | $14,968 |
| Grants payable | $0 |
| Deferred revenue | $178 |
| 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 | $11,529 |
| Total liabilities | $26,675 |
| Net assets without donor restrictions | -$905,548 |
| Net assets with donor restrictions | $5,859,400 |
| 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 | $4,980,527 |