CASA MIA SENIOR APARTMENTS INC

EIN: 742465161 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$631,674
Total Expenses
$795,353
Total Assets
$3,113,717
Net Assets
$-3,052,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AZ
Principal Officer
ALICIA NUNEZ
Phone
6022520482
Tax Period
2024-07-01 to 2025-06-30

CASA MIA SENIOR APARTMENTS INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $632K in total revenue in fiscal year 2024. Expenses of $795K exceeded revenue, resulting in a 26% operating deficit.

Mission

ORGANIZED TO OWN AND OPERATE A 64 UNIT APARTMENT COMMUNITY IN PHOENIX, ARIZONA, KNOWN AS CASA MIA APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ASSETS AND LIABILITIES OF THE APARTMENT COMMUNITY WERE TRANSFERRED FROM CASA MIA MUTUAL HOUSING ASSOCIATION, INC. TO THE CORPORATION ON AUGUST 2, 2011. THE TRANSFER OF PHYSICAL ASSETS TO THE CORPORATION WAS APPROVED BY HUD ON JUNE 23, 2011. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

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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 $316,651
Program Service Revenue $304,752
Investment Income $1,277
Other Revenue $8,994
TOTAL REVENUE $631,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,897
Fundraising Expenses $0
Program Expenses $709,033
Other Expenses $661,456
TOTAL EXPENSES $795,353

Year-over-Year Comparison

2024 2023 Change
Revenue $631,674 $655,875 0.0%
Expenses $795,353 $820,969 0.0%
Net Income $-163,679 $-165,094 0.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
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
5
$2,151,539
Total Directors
4
$1,753,804
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA NUNEZ CHAIRMAN 0.50
Officer Director
$0 $32,930 $609,459
MAX GONZALES SECRETARY 0.50
Officer Director
$0 $24,821 $420,821
PATRICIA DUARTE VICE CHAIRMAN 0.50
Officer Director
$0 $13,339 $336,681
JESSE SATTERLEE TREASURER 0.50
Officer Director
$0 $1,488 $386,843
JOSE MARTINEZ PRESIDENT 0.50
Officer
$0 $14,806 $397,735
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 $631,674 $795,353 $3,113,717 $-163,679
2024 $655,875 $820,969 $3,175,940 $-165,094
2023 $526,368 $860,355 $3,363,950 $-333,987
2022 $487,486 $727,546 $3,514,405 $-240,060
2021 $492,555 $619,043 $3,686,915 $-126,488
2020 $485,874 $622,451 $3,857,709 $-136,577
2019 $485,848 $568,579 $3,999,478 $-82,731
2018 $465,880 $588,068 $4,179,324 $-122,188
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