↑ parent cluster · ·
research dossier →

SANTA CRUZ APARTMENTS INC

PHOENIX, AZ · EIN 860712873 · Form 990 · FY2021 · NTEE L210 · Housing & Shelter · Medium ($1M-$10M) · www.santacruzaptstucson.com
revenue
$1.0M
expenses
$800K
net assets
$-476K
employees
0
program ratio
87%
mission · from form 990

SANTA CRUZ APARTMENTS, INC. WAS ORGANIZED TO ACQUIRE, OWN AND OPERATE A 132 UNIT APARTMENT COMMUNITY IN TUCSON, ARIZONA, KNOWN AS SANTA CRUZ APARTMENTS. THE COMMUNITY WAS PURCHASED FROM THE RESOLUTION TRUST CORPORATION ON DECEMBER 17, 1993. THE COMMUNITY WAS ORIGINALLY FINANCED BY THE CORPORATION UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JUNE 24, 2003, THE COMMUNITY WAS REFINANCED AND THE FHA MORTGAGE LOAN WAS PAID IN FULL.

profile · synthesized from sources

Santa Cruz Apartments Inc. operates a 132-unit apartment community in Tucson, Arizona, providing rental housing options including studio, one-bedroom, and two-bedroom units. The community offers various amenities such as a playground, pool, spa, and gated access, catering to residents seeking affordable living in the area.

named programs · 3 · from sources

what they call their work

1 Bed 1 Bath Apartments
Rental units with 1 bedroom, 1 bath, and 490 sq. ft.
2 Bed 1 Bath Apartments
Rental units with 2 bedrooms, 1 bath, and 702 sq. ft.
Studio Apartments
Rental units with studio layout, 1 bath, and 345 sq. ft.
activities · 3 clusters

what they do

  • Continuing Care Retirement Communities 2 activities
    • Management of rental apartments with tiered unit sizes and pricing
      Offers studio, one-bedroom, and two-bedroom rental units ranging from 345 to 702 square feet at monthly rents of $650, $750, and $1,025 respectively, providing affordable housing options in a structured residential community.
    • Residential rental housing
      Offers studio, one-bedroom, and two-bedroom rental apartments with monthly rents ranging from $650 to $1,025. Units range from 345 to 702 square feet and include one bathroom.
  • On-Site Community Amenities for Residential Facilities 2 activities
    • On-site resident amenities
      Provides shared recreational and convenience amenities including a playground, large basketball court, multiple ramadas, a resort-style pool, a spa with sundeck, covered parking, and upgraded laundry facilities with seasonal hours.
    • Provision of on-site community amenities for residents
      Operates a gated residential community featuring a playground, large basketball court, multiple ramadas, a resort-style pool, a spa with sundeck, covered parking, and upgraded laundry facilities with seasonal operating hours, enhancing resident quality of life.
  • Resident Support and Security Services 2 activities
    • Property management and security
      Operates a gated community with on-site staff, 24-hour customer service, and 24-hour emergency maintenance support.
    • Provision of 24-hour resident support and maintenance services
      Provides round-the-clock customer service and emergency maintenance support, along with on-site staff, ensuring continuous operational responsiveness and resident safety.
financials · form 990 · fy2021

the money

revenue
Total revenue$1.04M
Contributions & grants$00%
Program service revenue$972K94%
Investment income$1240%
Other revenue$65K
expenses
Total expenses$800K
Program expenses87%
Admin / overhead13%
Fundraising0%
Salaries & benefits$166K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.56M
Cash$985K
Investments$144K
Liabilities$2.04M
Net assets$-476K
Liquid reserves16.9 mo
3 years on record · 2019–2021 · YoY revenue +5.8%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 3
NameTitleHours/wkCompensation
DAVID ADAME CHAIRMAN 1 $652K
ALICIA NUNEZ CFO 1 $482K
MAX GONZALES DIRECTOR 1 $434K
board members · 4
  • ALEX VARELA — TREASURER
  • ANTONIO MOYA — DIRECTOR
  • DELMA HERRERA — DIRECTOR
  • STEPHANIE ACOSTA — SECRETARY