Caritas FY2023 filing

Tax-deductible

Richmond, VA501(c)(3)Since 1987HousingEIN 54-1441917Revenue $6.8M in FY2023

On file with the IRScaritasva.org2220 Stockton St, 23224-3707 · Richmond, VATax-exempt since Jun 1988Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

To help its most vulnerable neighbors break the cycles of homelessness and addiction to reclaim their dignity.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$555K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $81K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$555K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.8M
+33% vs prior year
Spent
$6.8M
To programs
74%
Net assets
$19.7M
By yearFY2021–FY2025
Revenue
$6.8M
FY2023▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.0M
FY2022$5.1M
FY2023$6.8M
FY2024$6.9M
FY2025$6.4M
Expenses
$6.8M
FY2023▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.1M
FY2022$5.4M
FY2023$6.8M
FY2024$6.6M
FY2025$6.8M
Net assets
$19.7M
FY2023▲ +0.7%
Tap a bar for its year
Net assets by fiscal year
FY2021$20.0M
FY2022$19.6M
FY2023$19.7M
FY2024$20.1M
FY2025$20.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $5.0M Management & general 15% · $1.0M Fundraising 10% · $698K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

24 people listed on the 990; $555K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Outgoing President/CEO
$210,553Pt VII · Sec A
COO/President/CEO
$128,499Pt VII · Sec A
$121,434Pt VII · Sec A
Outgoing CFO
$94,492Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Karen O'Brien’s $201K as CEO is at the 88th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Karen J Stanley——$210,553$230,711$213,850
Karen O'Brien$200,619$185,793$128,499$140,692$125,097
Clara Stokes$139,908$137,059$121,434$128,174$110,533
Mark Cassidy$138,326$94,012———
Emily Lehmann$123,283————
Elly Flippen——$94,492$120,775—
Karen Stanley—$118,515———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Caritas executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps vulnerable neighbors overcome homelessness and addiction to regain dignity.

Questions for Caritas

Tap to ask. Caritas sees how many people are interested.

Your first name shows with your question. Caritas answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $2.8M · in their own filed words · FY2022
01

Emergency Shelter

Caritas is a leading provider of inclusive emergency shelter to unaccompanied individuals in central virginia providing food, shelter, housing assistance, and a pathway to self-sufficiency. Caritas serves more than 700 people annually.

$1.4Mprogram expense
02

Furniture Bank

Caritas accepts donations of new and gently used furniture, kitchenware, linens and basic household items at central virginia's only furniture bank, which serves more than 650 households annually. Equipped with basic household goods, these families can dedicate their resources to breaking the cycle of homelessness and poverty.

$1.1Mprogram expense
03

Works- caritas runs an intensive workforce development and life skills program for individuals with significant barriers to employment including homelessness, addiction, and felony convictions. More than 75% of works students leave the program employed and equipped to thrive in the community.

$311Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$11K
Grants paid · 1 grant · $511K · 2021–2021
Unitemized GrantFY2021$510,779

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Gifts and grantsLn 1h$5.8M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$189K
Money outPt IX
$6.8M
Ln 25
Programscol B$5.0M
Managementcol C$1.0M
Fundraisingcol D$698K
Owns and owesPt X
$19.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$21.7M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$1.4M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$189K
Gains on assetsLn 7−$1K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$15.1M
Land, buildings, equipmentLn 10c$763K
Other assetsLn 15$2.7M
Total assetsLn 16$21.7M
LiabilitiesLn 26$2.0M
Net assetsLn 32$19.7M
OperationsPt I, VI
EmployeesI 5122
VolunteersI 6224
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$2.5M
InvestmentsLn 11–13$15.6M$15.1M
Land, buildings, equipmentLn 10c$389K$763K
Total assetsLn 16$20.7M$21.7M
LiabilitiesLn 26$1.1M$2.0M
Net assetsLn 32$19.6M$19.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$553K$553K
Pay of current officers, directors and key staffLn 5$472K$321K$84K$67K
Other salaries and wagesLn 7$2.6M$1.8M$455K$368K
Pension plan contributionsLn 8$46K$29K$5K$12K
Other employee benefitsLn 9$250K$170K$53K$26K
Payroll taxesLn 10$204K$157K$20K$28K
Legal feesLn 11b$40K$40K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$25K$14K$8K$3K
Advertising and promotionLn 12$23K$2K$1K$20K
Office expensesLn 13$81K$44K$3K$35K
Information technologyLn 14$86K$48K$29K$9K
OccupancyLn 16$1.0M$945K$59K$23K
TravelLn 17$5K$3K$2K
InterestLn 20$7K$7K$437$164
Depreciation, depletion and amortizationLn 22$128K$110K$16K$2K
InsuranceLn 23$128K$82K$45K$840
Other expenses (24a–d)Ln 24$907K$662K$154K$90K
All other expensesLn 24e$173K$147K$13K$13K
Total functional expensesLn 25$6.8M$5.0M$1.0M$698K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.4M$6.8M−$345K$20.0M 990 PDF
FY2024 $6.9M$6.6M$260K$20.1M 990 PDF
FY2023 Viewing $6.8M$6.8M$45K$19.7M 990 PDF
FY2022 $5.1M$5.4M−$208K$19.6M 990 PDF
FY2021 $5.0M$5.1M−$159K$20.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $6,827,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,068,868$5,840,580
I-9 Program service revenuePrior year $928,128$1,162,044
I-10 Investment incomePrior year $57,985$188,982
I-11 Other revenuePrior year $89,653−$363,609
I-12 Total revenuePrior year $5,144,634$6,827,997
I-13 Grants and similar amounts paidPrior year $510,779$553,214
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,902,330$3,549,366
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,939,514$2,680,380
I-18 Total expensesPrior year $5,352,623$6,782,960
I-19 Revenue less expensesPrior year −$207,989$45,037
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,827,997 across 10 lines filed
Lines not itemized here account for $6,624 of total revenue; see the IRS return.
VIII-1a Federated campaigns$142,557
VIII-1e Government grants$1,914,947
VIII-1f All other contributions, gifts and grants$3,783,076
VIII-1g Noncash contributions (included above)$1,400,517
VIII-1h Total contributions, gifts and grants$5,840,580
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,162,044$1,162,044
VIII-3 Investment incomeExcluded from tax $190,425$190,425
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,443−$1,443
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$370,233−$370,233
VIII-12 Total revenueRelated to mission $798,435 · Unrelated business $0 · Excluded from tax $188,982$6,827,997
Part IX · Statement of functional expenses $6,782,960 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $553,214$553,214
IX-5 Pay of current officers, directors and key staffPrograms $320,906 · Management $83,600 · Fundraising $67,101$471,607
IX-7 Other salaries and wagesPrograms $1,754,858 · Management $454,577 · Fundraising $368,038$2,577,473
IX-8 Pension plan contributionsPrograms $28,700 · Management $5,049 · Fundraising $12,419$46,168
IX-9 Other employee benefitsPrograms $170,073 · Management $53,102 · Fundraising $26,454$249,629
IX-10 Payroll taxesPrograms $156,610 · Management $19,864 · Fundraising $28,015$204,489
IX-11b Legal feesManagement $40,103$40,103
IX-11c Accounting feesManagement $50,055$50,055
IX-11g Other fees for servicesPrograms $14,089 · Management $8,500 · Fundraising $2,534$25,123
IX-12 Advertising and promotionPrograms $1,740 · Management $1,309 · Fundraising $19,930$22,979
IX-13 Office expensesPrograms $43,880 · Management $3,015 · Fundraising $34,519$81,414
IX-14 Information technologyPrograms $48,355 · Management $29,174 · Fundraising $8,697$86,226
IX-16 OccupancyPrograms $944,599 · Management $59,176 · Fundraising $23,328$1,027,103
IX-17 TravelPrograms $2,698 · Management $2,201$4,899
IX-20 InterestPrograms $6,872 · Management $437 · Fundraising $164$7,473
IX-22 Depreciation, depletion and amortizationPrograms $109,800 · Management $15,800 · Fundraising $2,031$127,631
IX-23 InsurancePrograms $82,236 · Management $44,672 · Fundraising $840$127,748
IX-24 Other expenses (24a–d)Programs $662,118 · Management $154,262 · Fundraising $90,497$906,877
IX-24e All other expensesPrograms $146,864 · Management $12,668 · Fundraising $13,217$172,749
IX-25 Total functional expensesPrograms $5,047,612 · Management $1,037,564 · Fundraising $697,784$6,782,960
Part X · Balance sheet $21,737,110 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $928,141$51,295
X-2 Savings and temporary cash investmentsStart of year $1,826,252$2,476,441
X-3 Pledges and grants receivableStart of year $1,070,049$355,943
X-4 Accounts receivableStart of year $38,769$25,747
X-8 Inventories for sale or useStart of year $62,625$152,589
X-9 Prepaid expenses and deferred chargesStart of year $53,581$31,064
X-10c Land, buildings and equipment, netStart of year $388,700$763,375
X-11 Publicly traded securitiesStart of year $999,062$1,125,133
X-12 Other securitiesStart of year $14,592,715$14,023,232
X-15 Other assetsStart of year $775,566$2,732,291
X-16 Total assetsStart of year $20,735,460$21,737,110
X-17 Accounts payable and accrued expensesStart of year $311,217$476,375
X-19 Deferred revenueStart of year $78,822$356,143
X-25 Other liabilitiesStart of year $750,198$1,167,035
X-26 Total liabilitiesStart of year $1,140,237$1,999,553
X-27 Net assets without donor restrictionsStart of year $17,252,317$19,431,171
X-28 Net assets with donor restrictionsStart of year $2,342,906$306,386
X-32 Total net assets or fund balancesStart of year $19,595,223$19,737,557
X-33 Total liabilities and net assetsStart of year $20,735,460$21,737,110
Part XI · Reconciliation of net assets $19,737,557 net assets at year end
XI-1 Total revenue$6,827,997
XI-2 Total expenses$6,782,960
XI-3 Revenue less expenses$45,037
XI-4 Net assets at start of year$19,595,223
XI-5 Net unrealized gains (losses) on investments$81,017
XI-9 Other changes in net assets$16,280
XI-10 Net assets at end of year$19,737,557

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.