IRVINE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CARITAS CORPORATION, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.0M in total revenue in fiscal year 2023.
THE CARITAS CORPORATION IS A NONPROFIT ORGANIZATION WHOSE GOAL IS TO PROVIDE AND MAINTAIN QUALITY, AFFORDABLE HOUSING THROUGH THE ACQUISITION OF MOBILE HOME PARKS, ACQUISITION OF APARTMENT BUILDINGS AND THE DEVELOPMENT OF AFFORDABLE HOUSING COMMUNITIES . WITH THE INCREASING NUMBER OF HOUSEHOLDS ON FIXED OR LIMITED INCOMES AND WITH THE SCARCITY OF RELIABLE, LONG-TERM, REASONABLY PRICED HOUSING, CARITAS ENDEAVORS TO CREATE VIBRANT COMMUNITIES WHERE QUALITY OF LIFE, RESIDENT INVOLVEMENT, AND CARING ARE PRIORITIES.
SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS AND AN APARTMENT BUILDING). ADDITIONALLY, THE...
SUPPORT FOR THE PURPOSE OF SUPERVISING AND ASSISTING ONE AFFILIATED CORPORATION THAT OWNS AND MAINTAINS AFFORDABLE HOUSING PROJECTS (MOBILE HOME PARKS AND AN APARTMENT BUILDING). ADDITIONALLY, THE CARITAS CORPORATION'S EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PURCHASE AND OPERATION OF AFFORDABLE HOUSING PROJECTS LOCATED IN THE CALIFORNIA CITIES OF DANA POINT, FRESNO, GARDEN GROVE, LANCASTER, NEWCASTLE, OCEANO, PALMDALE, SAN MARCOS, VACAVILLE, SANTA MONICA, YUCAIPA, INDIO, THERMAL, NAPA VALLEY, AND CHATSWORTH, WHICH HAVE AN UNFULFILLED STATUTORY OBLIGATION TO PROVIDE AFFORDABLE HOUSING. THERE ARE A TOTAL OF 17 APARTMENTS AVAILABLE FOR RENT IN THE CITY OF DANA POINT AS SUPPORTIVE HOUSING FOR THE HOMELESS AND DISABLED, 233 MOBILE HOME SPACES IN THE CITY OF FRESNO, 254 MOBILE HOME SPACES IN THE CITY OF GARDEN GROVE, 308 SPACES IN THE CITY OF LANCASTER, 203 MOBILE HOME SPACES IN THE CITY OF NEWCASTLE, 120 MOBILE HOME SPACES IN THE CITY OF OCEANO, 298 MOBILE HOME SPACES IN THE CITY OF PALMDALE, 150 SPACES IN THE CITY OF SAN MARCOS, 153 MOBILE HOME SPACES IN THE CITY OF VACAVILLE, 105 MOBILE HOMES SPACES IN THE CITY OF SANTA MONICA, 217 MOBILE HOME SPACES IN THE CITY OF YUCAIPA, 185 MOBILE HOME SPACES IN THE CITY OF INDIO AND 35 MOBILE HOME SPACES IN THE CITY OF THERMAL. THERE ARE 7 AFFORDABLE HOUSING PROJECTS LOCATED IN OREGON CITIES OF HUBBARD, HAPPY VALLEY, AND WOODBURN. THERE ARE 121 MOBILE HOME SPACES IN THE CITY OF WOODBURN, 105 MOBILE HOME SPACES IN THE CITY OF HUBBARD, AND 68 MOBILE HOME SPACES IN THE CITY OF HAPPY VALLEY. THERE IS AN AFFORDABLE HOUSING APARTMENT COMPLEX WITH 20 UNITS IN NAPA VALLEY. THERE ARE A TOTAL OF 198 MOBILE HOME SPACES AVAILABLE IN THE CITY OF CHATSWORTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $26,045,405 | $25,570,510 | +0.0% |
| Expenses | $25,618,637 | $26,051,236 | 0.0% |
| Net Income | $426,768 | $-480,726 | -1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THERESE BEJOTTE | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$250,770 | $3,304 | $254,074 |
| JOHN WOOLLEY | CHIEF INVESTING OFFICER | 40.00 |
Officer
|
$193,017 | $0 | $193,017 |
| PENNY SERNA | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$171,445 | $2,337 | $173,782 |
| GABE CHAVEZ | VP OF DEVELOPMENT | 40.00 |
Highest
|
$151,168 | $2,128 | $153,296 |
| SAMANTHA MCCULLAGH | CHIEF MISSION OFFICER | 40.00 |
Officer
|
$85,331 | $0 | $85,331 |
| ROBERT R REDWITZ | CEO & CHAIRMAN OF BOARD | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROL MCDERMOTT | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| TOM REDWITZ | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE DUNFEY | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| TIM CANNON | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| JOHN MARKEL | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| ROBERT THIERGARTNER | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER E RIVA | VP OF FINANCE | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $26,045,405 | $25,618,637 | $201,334,676 | $426,768 |
| 2022 | $25,570,510 | $26,051,236 | $173,667,410 | $-480,726 |
| 2021 | $21,109,394 | $21,282,067 | $218,858,497 | $-172,673 |
| 2020 | $18,949,903 | $20,248,941 | $155,856,161 | $-1,299,038 |
| 2019 | $20,394,582 | $21,449,376 | $167,212,659 | $-1,054,794 |
| 2018 | $22,662,178 | $21,942,644 | $175,430,773 | $719,534 |
Compare THE CARITAS CORPORATION with other nonprofits in California and across the country.