MI CASA INC

EIN: 521796840 501(c)(3) Religion

WASHINGTON, DC

Total Revenue
$6,856,667
Total Expenses
$4,086,820
Total Assets
$19,092,901
Net Assets
$5,183,900
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
JUAN PABLO VACATELLO
Phone
2027227423
Tax Period
2024-01-01 to 2024-12-31

MI CASA INC, founded in 1992, is a community nonprofit in the Religion sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 40% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING IN THE WASHINGTON D.C. AREA IN ORDER TO FOSTER HEALTHY AND THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $2,336,125 Revenue: $1,412,202

RENTAL OPERATIONS - THE ORGANIZATION OPERATES THE FOLLOWING RENTAL BUILDINGS:6925 GEORGIA AVENUE LLC, AS AN AFFORDABLE RENTAL APARTMENT BUILDING LOCATED AT 6925 GEORGIA AVENUE, NW, WASHINGTON, D.C...

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RENTAL OPERATIONS - THE ORGANIZATION OPERATES THE FOLLOWING RENTAL BUILDINGS:6925 GEORGIA AVENUE LLC, AS AN AFFORDABLE RENTAL APARTMENT BUILDING LOCATED AT 6925 GEORGIA AVENUE, NW, WASHINGTON, D.C.; THE SELMA APARTMENTS, LLC, TO MANAGE TWENTY CONDOMINIUM UNITS AS AFFORDABLE RENTAL UNITS AT THE UNITY CONDOMINIUM LOCATED AT 21 KENNEDY STREET, NW, WASHINGTON, D.C.; THE 1919 CALVERT STREET, LLC, AS A ONE ROW HOUSE WITH 14 UNITS OF AFFORDABLE SINGLE ROOM OCCUPANCY; 49-53 MISSOURI AVENUE NW, LLC, TO PURCHASE AND DEVELOP LOT NUMBER NINETY TWO AT 49-53 MISSOURI AVENUE, NW, WASHINGTON, DC; 4040 8TH STREET NW, LLC, TO PURCHASE AND DEVELOP THE PROPERTY AT 4040 8TH STREET, NW, WASHINGTON, DC; 301 DELAFIELD PLACE NW, LLC, TO PURCHASE AND DEVELOP THE PROPERTY AT 301 DELAFIELD PLACE, NW, WASHINGTON, DC. 1706 16TH STREET SE, TO PURCHASE AND DEVELOP THE FOUR-UNIT RENTAL BUILDING LOCATED AT 1706 16TH ST SE.

Program 2
Expenses: $809,124 Revenue: $721,024

MULTI FAMILY DEVELOPMENT TENANT PURCHASES - SERVES AS DEVELOPMENT CONSULTANT TO TENANT ASSOCIATIONS AND NONPROFIT ORGANIZATIONS UNDERTAKING MULTI-FAMILY PROPERTY PURCHASES, ASSISTING AND OVERSEEING...

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MULTI FAMILY DEVELOPMENT TENANT PURCHASES - SERVES AS DEVELOPMENT CONSULTANT TO TENANT ASSOCIATIONS AND NONPROFIT ORGANIZATIONS UNDERTAKING MULTI-FAMILY PROPERTY PURCHASES, ASSISTING AND OVERSEEING BUILDING RENOVATIONS, AND TO NONPROFITS THAT OWN OR WANT TO OWN AND PRESERVE THEIR SPACE. ALSO WORKED WITH TENANT GROUPS TO INCREASE LONG TERM CAPACITY TO OWN AND MANAGE THEIR OWN BUILDINGS, SUPERVISING PROJECTS THROUGH COMPLETION.

Program 3
Expenses: $237,482

RENTAL AND SINGLE FAMILY MI CASA OWNED DEVELOPMENTS - THE ORGANIZATION PROMOTES ECONOMIC REINVESTMENT, HOUSING DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION TO SUSTAIN DIVERSE AND HEALTHY COMMUNITIES...

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RENTAL AND SINGLE FAMILY MI CASA OWNED DEVELOPMENTS - THE ORGANIZATION PROMOTES ECONOMIC REINVESTMENT, HOUSING DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION TO SUSTAIN DIVERSE AND HEALTHY COMMUNITIES THROUGH SINGLE FAMILY HOME DEVELOPMENT TO OFFER AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND THROUGH PURCHASING AND RENOVATING OR CONSTRUCTING MULTI-FAMILY RENTAL HOUSING TO PROVIDE STABLE, AFFORDABLE HOUSING OPPORTUNITIES TO LOW-INCOME HOUSEHOLDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,201,248
Program Service Revenue $2,133,226
Investment Income $2,827,666
Other Revenue $694,527
TOTAL REVENUE $6,856,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,521,520
Fundraising Expenses $179,363
Program Expenses $3,382,731
Other Expenses $2,489,648
TOTAL EXPENSES $4,086,820

Year-over-Year Comparison

2024 2023 Change
Revenue $6,856,667 $2,779,537 +1.5%
Expenses $4,086,820 $3,626,003 +0.1%
Net Income $2,769,847 $-846,466 -4.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
7
Employees
14
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$499,004
Total Directors
10
$499,004
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FERNANDO LEMOS EXECUTIVE DIRECTOR UNTIL 04/24 40.00
Officer Director
$150,750 $24,640 $175,390
CHRISTINA STURDIVANT SANI PRESIDENT 1.00
Officer Director
$0 $0 $0
PETA-GAY LEWIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DANIELLE MARIE BURS SECRETARY 1.00
Officer Director
$0 $0 $0
FERNANDO BONILLA-VERDESOTO TREASURER 0.50
Officer Director
$0 $0 $0
NATASHA HADIJSKI MEMBER 0.50
Director
$0 $0 $0
CAROLYN IONITA-IBACACHE MEMBER 0.50
Director
$0 $0 $0
MAURICE PERRY MEMBER 1.00
Director
$0 $0 $0
JUAN PABLO VACATELLO COO UNTIL 04/24, THEN CO-EXEC DIRECTOR 40.00
Officer Director
$154,433 $11,675 $166,108
ELIN ZURBRIGG DEPUTY DIRECTOR UNTIL 04/24, THEN CO-EXEC DIRECTOR 40.00
Officer Director
$144,330 $13,176 $157,506
ROSA LABRA DIRECTOR OF FINANCE 40.00
Highest
$112,064 $9,051 $121,115
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,856,667 $4,086,820 $19,092,901 $2,769,847
2023 $2,779,537 $3,626,003 $23,509,866 $-846,466
2022 $3,445,476 $3,705,636 $24,015,382 $-260,160
2021 $3,256,114 $3,254,688 $23,290,578 $1,426
2020 $5,741,306 $3,634,506 $23,882,826 $2,106,800
2019 $3,455,032 $3,768,898 $24,252,798 $-313,866
2018 $2,697,034 $3,727,262 $23,960,105 $-1,030,228
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