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Mi Casa Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521796840 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is Mi Casa Inc?

Mi Casa Inc is a nonprofit organization based in Washington, D.C., with a focus on providing affordable housing opportunities for low and moderate-income individuals in the Washington, D.C., and Baltimore metropolitan areas. Their mission involves promoting economic reinvestment, housing development, and neighborhood revitalization to create diverse and healthy communities. Mi Casa Inc manages several rental buildings, including 6925 Georgia Avenue LLC, The Selma Apartments LLC, The 1919 Calvert Street LLC, 49-53 Missouri Avenue NW LLC, 4040 8th Street NW LLC, and 301 Delafield Place NW LLC, as well as a four-unit rental building located at 1706 16th Street SE. With a workforce of 17 employees, Mi Casa Inc is committed to enhancing the living conditions and fostering the growth of communities in need.


Official website here: www.micasa-inc.org

Is Mi Casa Inc legitimate?

Mi Casa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Casa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $259,705
Professional Fundraising Fees: $42,000
Other Salaries and Wages: $705,642

For more financial information, click here


Official website here: www.micasa-inc.org

What is the mission statement of Mi Casa Inc?

Mi Casa Inc's mission is centered around providing affordable housing opportunities to individuals with low and moderate incomes. This organization aims to foster healthy and thriving communities by promoting economic reinvestment, housing development, and neighborhood revitalization. To achieve this, Mi Casa Inc manages several rental buildings, including 6925 Georgia Avenue LLC, The Selma Apartments LLC, and 1919 Calvert Street LLC, among others, offering affordable housing units. The organization's mission is to contribute to the betterment of communities by providing affordable housing options.


Official website here: www.micasa-inc.org

Who is the CEO of Mi Casa Inc?

Fernando Lemos is the Executive Director of Mi Casa Inc.


Official website here: www.micasa-inc.org

What is the revenue of Mi Casa Inc?

Mi Casa Inc's revenue in 2022 was $3,445,476.


Official website here: www.micasa-inc.org

Who are the executives of Mi Casa Inc and what are their salaries?

The average compensation at Mi Casa Inc during 2022 was $56,785. There are 17 employees and 8 volunteers at Mi Casa Inc.

Here are 11 key members and their salaries:

    Fernando Lemos (Executive Director)
  • Compensation: $124,919
  • Related: $0
  • Other: $13,972

    • Juan Pablo Vacatello (Chief Operating Officer)
  • Compensation: $117,788
  • Related: $0
  • Other: $3,026

    • Elin Zurbrigg (Deputy Director)
  • Compensation: $108,368
  • Related: $0
  • Other: $9,919

    • Christina Sturdivant Sani (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peta-Gay Lewis (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danielle Marie Burs (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne-Marie Baker (Treasurer Until 09/2022) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fernando Bonilla-Verdesoto (Member Until 09/2022, Then Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Ionita-Ibacache (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maurice Perry (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natasha Hadijski (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.micasa-inc.org

    Where can I find the form 990 for Mi Casa Inc?

    The Mi Casa Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.micasa-inc.org

    Learn more at the official website: www.micasa-inc.org

    Mission Statement of Mi Casa Inc

    Mi Casa Inc, as a nonprofit organization, is committed to providing affordable housing opportunities for low and moderate-income individuals in the Washington, D.C., and Baltimore metropolitan areas. Their mission is twofold: promoting economic reinvestment and neighborhood revitalization, and fostering diverse and healthy communities. By offering affordable housing, Mi Casa Inc aims to contribute to the sustainability of communities, ensuring that those with limited financial means can secure suitable living spaces.

    In pursuit of this mission, Mi Casa Inc operates various rental buildings, such as 6925 Georgia Avenue LLC, which provides affordable rental apartments, and The Selma Apartments, LLC, offering affordable units within a condominium complex. The organization also manages affordable single-room occupancy units at 1919 Calvert Street, LLC, and is involved in purchasing and developing properties to accommodate affordable rental units, as evident in their plans for 49-53 Missouri Avenue NW, LLC, 4040 8th Street NW, LLC, and 301 Delafield Place NW, LLC. Furthermore, Mi Casa Inc is intent on purchasing and developing a four-unit rental building located at 1706 16th Street SE.

    In summary, Mi Casa Inc's mission is to make a tangible difference in the lives of low-income individuals by offering affordable housing options. By doing so, the organization aims to contribute to the economic development and revitalization of communities, ultimately fostering healthy and thriving environments for all its residents.

    Impact

    This information is meant to be a general summary of Mi Casa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Mi Casa Inc's impact can be seen in its commitment to providing affordable housing opportunities for low and moderate-income individuals in the Washington, DC and Baltimore metropolitan areas. By promoting economic reinvestment, housing development, and neighborhood revitalization, the organization plays a crucial role in sustaining diverse and healthy communities. Through its rental operations, including managing affordable rental apartment buildings and condominium units, Mi Casa Inc directly addresses the pressing need for accessible housing options in the region. Its mission to foster healthy and thriving communities through affordable housing initiatives makes a tangible difference in improving the quality of life for individuals and families in the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,348
  • Program Service Revenue: $2,295,303
  • Gross Receipts: $3,445,476

    • Assets and Liabilities:
  • Total Assets: $24,015,382
  • Total Liabilities: $20,754,863
  • Net Assets: $3,260,519
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $1,351,091

    DEVELOPMENT FEES

    Revenue

    $675,747

    CONSULTING FEES

    Revenue

    $268,465

    Organization Details

    Founding Year

    1992

    Principal Officer

    Fernando Lemos

    Main Address

    6230 3RD STREET NW 2, WASHINGTON, DC, 20011

    NTEE Category

    Code: X99Z - Religion related

    If you are a representative of Mi Casa Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.