Casita Maria Inc
Casita Maria Inc. consistently operates at a deficit, drawing down assets over the past decade.
EIN: 131623994 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $12.2M |
| Transparency Score | 70/100 |
Is Casita Maria Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Casita Maria Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Casita Maria Inc
Casita Maria Inc (EIN: 131623994) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $2.9M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casita Maria Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Casita Maria Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-125,509 |
| Total Assets | $12.8M |
| Total Liabilities | $584K |
| Net Assets | $12.2M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 44.3 months |
Financial Health Grade: B
In 2023, Casita Maria Inc reported a deficit of $126K with expenses exceeding revenue, holds 44.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Casita Maria Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | +8.4% | -2.1% |
| 2022 | -2.3% | -3.9% | -5.2% |
| 2021 | -5.5% | +2.9% | -1.5% |
| 2020 | +18.7% | +2.5% | +0.8% |
| 2019 | -1.0% | -7.2% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Casita Maria Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Casita Maria Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a fully volunteer executive leadership or that compensation is covered by other means not reported in this section, which is highly unusual for an organization with annual expenses exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Casita Maria Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in 9 out of 10 years)
- Declining asset base over the past decade (from $16.1M in 2014 to $12.8M in 2023)
- Unusually low (0%) reported officer compensation, which may obscure actual leadership costs or indicate an unsustainable reliance on volunteerism for key roles.
Strengths
The following positive indicators were identified for Casita Maria Inc:
- Substantial asset base ($12.7M in 2023) provides a buffer despite deficits
- Low liabilities relative to assets (e.g., $583,578 liabilities vs. $12.7M assets in 2023)
- Consistent filing history demonstrates transparency in reporting.
Frequently Asked Questions about Casita Maria Inc
Is Casita Maria Inc a legitimate charity?
Casita Maria Inc (EIN: 131623994) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Casita Maria Inc spend its money?
Casita Maria Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Casita Maria Inc tax-deductible?
Casita Maria Inc is registered as a tax-exempt nonprofit (EIN: 131623994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Casita Maria Inc CEO make?
Casita Maria Inc's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Casita Maria Inc's spending goes to programs?
Casita Maria Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Casita Maria Inc located?
Casita Maria Inc is headquartered in Bronx, New York and files with the IRS under EIN 131623994.
How many years of IRS 990 filings does Casita Maria Inc have?
Casita Maria Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
Is Casita Maria Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earned, with expenses exceeding revenue in 9 out of 10 reported years. While it has significant assets ($12,777,590 in 2023), these have been declining, raising questions about long-term sustainability without a shift in financial strategy.
What is the actual executive compensation structure, given the 0% reported?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and operational scope. Further investigation into their Form 990, Part VII, Section A, Line 1a, and Schedule J would be necessary to understand how executive leadership is compensated, if at all, or if these roles are entirely volunteer-based.
What is the cause of the declining asset base?
The asset base has decreased from $16,115,308 in 2014 to $12,777,590 in 2023. This decline is likely due to the consistent operating deficits, where expenses have exceeded revenues, requiring the organization to draw upon its reserves to cover costs.
Filing History
IRS 990 filing history for Casita Maria Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Casita Maria Inc's revenue has grown by 134.7%, moving from $1.4M to $3.3M. Total assets decreased by 26.6% over the same period, from $17.4M to $12.8M. Total functional expenses rose by 79.7%, from $1.9M to $3.5M. In its most recent filing year (2023), Casita Maria Inc reported a deficit of $126K, with expenses exceeding revenue. The organization holds $584K in liabilities against $12.8M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.5M | $12.8M | $584K | — | View 990 |
| 2022 | $2.8M | $3.2M | $13.0M | $755K | — | View 990 |
| 2021 | $2.8M | $3.3M | $13.8M | $1.0M | — | — |
| 2020 | $3.0M | $3.2M | $14.0M | $793K | — | View 990 |
| 2019 | $2.5M | $3.2M | $13.9M | $455K | — | View 990 |
| 2018 | $2.6M | $3.4M | $14.5M | $453K | — | View 990 |
| 2017 | $2.9M | $3.2M | $15.1M | $228K | — | View 990 |
| 2016 | $2.9M | $3.3M | $15.6M | $365K | — | View 990 |
| 2015 | $2.9M | $2.9M | $16.0M | $407K | — | View 990 |
| 2014 | $2.6M | $2.8M | $16.1M | $505K | — | View 990 |
| 2013 | $1.7M | $2.5M | $16.4M | $598K | — | View 990 |
| 2012 | $1.8M | $2.2M | $17.0M | $449K | — | View 990 |
| 2011 | $1.4M | $1.9M | $17.4M | $446K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.5M, and assets of $12.8M (revenue +20.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $3.2M, and assets of $13.0M (revenue -2.3% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.3M, and assets of $13.8M (revenue -5.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.2M, and assets of $14.0M (revenue +18.7% year-over-year).
- 2019: Revenue of $2.5M, expenses of $3.2M, and assets of $13.9M (revenue -1.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $3.4M, and assets of $14.5M (revenue -11.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.2M, and assets of $15.1M (revenue -2.0% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.3M, and assets of $15.6M (revenue +0.1% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.9M, and assets of $16.0M (revenue +11.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.8M, and assets of $16.1M (revenue +50.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.5M, and assets of $16.4M (revenue -4.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.2M, and assets of $17.0M (revenue +28.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.9M, and assets of $17.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Casita Maria Inc:
Data Sources and Methodology
This transparency report for Casita Maria Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.