Casa Mia Senior Apartments Inc

Analysis

Casa Mia Senior Apartments Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Casa Mia Senior Apartments Inc reported income of $526k and spending of $860k, spending 163% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $486k to $526k (+8.3%), an average of +2.0% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa Mia Senior Apartments Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include Lemma Village Inc ($526k), NJ Hand Inc ($526k) and Bahia Properties Inc ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.4m against liabilities of $6.1m, net assets of -$2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.