Caring Housing Ministries Inc
- Assets
- $1.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 14
- Location
- El Monte, CA
- Founding
- 03/1996
- Data as of
- 03/2022
- EIN
- 95-4540601
Organization Overview
Caring Housing Ministries Inc is located in El Monte, CA. The organization was established in 1996. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 03/2023, Caring Housing Ministries Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Housing Ministries 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 03/2022, Caring Housing Ministries Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.4m during the year ending 03/2022. While expenses have increased by 4.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF AFFORDABLE HOUSING TO APPROXIMATELY 3,000 PERSONS THROUGHOUT THE STATES OF CALIFORNIA AND ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARING HOUSING MINISTRIES, INC. MANAGES 23 HUD-SUBSIDIZED AND TAX CREDIT FACILITIES, WHICH PROVIDE HOUSING TO APPROXIMATELY 2,400 RESIDENTS. ITS MANAGED COMMUNITIES ARE LOCATED THROUGHOUT CALIFORNIA AND GLENDALE, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Woodward Ceo/director | OfficerTrustee | 2 | $0 |
Eduardo Salvador Cfo/secretary | OfficerTrustee | 1 | $0 |
Joseph Butler Chief Legal Officer | Officer | 2 | $0 |
Soraya Diaz President | Officer | 38 | $249,815 |
Rachel Vranich Assistant Secretary/clo | OfficerTrustee | 2 | $0 |
Martin Lakatos Vice President - Development | 40 | $304,452 |
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 | $2,766,920 |
| 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 | $2,766,920 |
| 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. | $267,660 |
| Compensation of current officers, directors, key employees. | $133,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,206,344 |
| Pension plan accruals and contributions | $66,005 |
| Other employee benefits | $292,190 |
| Payroll taxes | $117,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $458 |
| Fees for services: Accounting | $6,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $514 |
| Fees for services: Other | $23,731 |
| Advertising and promotion | $0 |
| Office expenses | $38,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,612 |
| Travel | $43,246 |
| 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 | $10,178 |
| Insurance | $1,656 |
| All other expenses | $5,950 |
| Total functional expenses | $2,368,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,897 |
| 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 | $13,481 |
| Net Land, buildings, and equipment | $18,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,104 |
| Total assets | $1,525,183 |
| Accounts payable and accrued expenses | $355,538 |
| 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 | $168,175 |
| Total liabilities | $523,713 |
| Net assets without donor restrictions | $1,001,470 |
| 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 | $1,525,183 |