VILLA CARIDAD

EIN: 680387620 501(c)(3) Housing & Shelter

SANTA BARBARA, CA

Total Revenue
$1,080,502
Total Expenses
$1,931,690
Total Assets
$7,788,989
Net Assets
$4,240,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
Principal Officer
ROSA PAREDES
Phone
8056836388
Tax Period
2024-07-01 to 2025-06-30

VILLA CARIDAD, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 79% operating deficit.

Mission

VILLA CARIDAD IS A NONPROFIT PUBLIC BENEFIT CORPORATION ESTABLISHED TO DEVELOP, CONSTRUCT, AND OPERATE A 95 UNIT AFFORDABLE HOUSING PROJECT FOR LOW-INCOME SENIORS UNDER SECTION 202 OF THE HOUSING ACT OF 1959, AND IS SUBJECT TO OVERSIGHT BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $1,931,690 Revenue: $512,386

VILLA CARIDAD LEASES AND OPERATES A 95 UNIT SENIOR HOUSING APARTMENT BUILDING IN THE CITY OF SANTA BARBARA THAT PROVIDES LOW INCOME HOUSING, RECREATIONAL OPPORTUNITIES, AND A SHARED COMMUNITY TO...

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VILLA CARIDAD LEASES AND OPERATES A 95 UNIT SENIOR HOUSING APARTMENT BUILDING IN THE CITY OF SANTA BARBARA THAT PROVIDES LOW INCOME HOUSING, RECREATIONAL OPPORTUNITIES, AND A SHARED COMMUNITY TO SENIOR CITIZENS WHO QUALIFY.

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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 $565,635
Program Service Revenue $512,386
Investment Income $2,481
Other Revenue $0
TOTAL REVENUE $1,080,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,930
Fundraising Expenses $0
Program Expenses $1,931,690
Other Expenses $1,664,760
TOTAL EXPENSES $1,931,690

Year-over-Year Comparison

2024 2023 Change
Revenue $1,080,502 $1,012,454 +0.1%
Expenses $1,931,690 $1,798,709 +0.1%
Net Income $-851,188 $-786,255 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$428,302
Total Directors
8
$428,302
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSA PAREDES PRESIDENT 8.00
Officer Director
$0 $19,279 $288,067
MARY MANZO VICE PRESIDENT 8.00
Officer Director
$0 $17,788 $140,235
SR BETTY MARIE DUNKEL DC DIRECTOR 2.00
Director
$0 $0 $0
SR MARGARET KEAVENEY DC DIRECTOR 4.00
Director
$0 $0 $0
MARTHA VITALARI VICE CHAIR 2.00
Director
$0 $0 $0
SR ARTHUR GORDON DC CHAIRPERSON 2.00
Director
$0 $0 $0
GRACE STANKEVITZ DIRECTOR 2.00
Director
$0 $0 $0
JEANNE WEST SECRETARY 2.00
Director
$0 $0 $0
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
2025 $1,080,502 $1,931,690 $7,788,989 $-851,188
2024 $1,012,454 $1,798,709 $8,450,734 $-786,255
2023 $480,650 $907,693 $9,181,123 $-427,043
2022 $923,760 $1,782,410 $9,542,414 $-858,650
2021 $909,451 $1,713,218 $10,306,774 $-803,767
2020 $883,786 $1,681,423 $11,079,327 $-797,637
2019 $846,923 $1,645,351 $11,808,166 $-798,428
2018 $815,234 $1,601,301 $12,557,274 $-786,067
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