CASITAS ON EAST BROADWAY
140 W SPEEDWAY BLVD STE 230, TUCSON, AZ 85705

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Organizations Filed Purposes: CASITAS ON EAST BROADWAY, AN ARIZONA NON-PROFIT CORPORATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATION PURPOSES WITH A SINGLE MISSION TO DEVELOP, OWN AND OPERATE 57 UNITS OF SUBSIDIZED HOUSING FOR VERY-LOW INCOME ELDERLY AND ELDERLY HANDICAPPED PERSONS UNDER HUD'S SECTION 202 SUPPORTIVE HOUSING FOR ELDERLY PROGRAM. THE HOUSING FACILITIES AND SERVICES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THE HEALTH, SECURITY, HAPPINESS AND USEFULNESS OF THE RESIDENTS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NON-PROFIT BASIS. TO QUALIFY FOR OCCUPANCY, RESIDENTS MUST BE AT LEAST 62 YEARS OF AGE OR OLDER, AND HAVE INCOME LEVELS AT OR BELOW 50% OF THE AREA MEDIAN INCOME.

CASITAS ON EAST BROADWAY IS A SINGLE-PURPOSE 501(C)(3) TAX-EXEMPT ORGANIZATION. THE ORGANIZATION DEVELOPED 57 UNITS OF HOUSING UNDER HUD'S SECTION 202 SUPPORTIVE HOUSING FOR ELDERLY PROGRAM. THE 57 UNITS, INCLUDING 56 UNITS THAT ARE OCCUPIED BY VERY LOW-INCOME ELDERLY FAMILIES, AND 1 UNIT THAT IS OCCUPIED BY ON-SITE MANAGEMENT, WERE COMPLETED AND PUT INTO SERVICE ON 8/11/2010. 56 OF THE 57 UNITS HAVE BEEN LEASED TO RESIDENTS THAT QUALIFY AS VERY LOW INCOME; THOSE WHO ARE AT LEAST 62 YEARS OF AGE AND WHOSE INCOME LEVELS ARE AT OR BELOW 50% OF AREA MEDIAN. THE 56 UNITS ARE ALSO SUBSIDIZED BY A PRAC, PROJECT RENTAL ASSITANCE CONTRACT; QUALIFIED TENANTS PAY ONLY 1/3 OF THEIR ADJUSTED MONTHLY INCOME TOWARD RENT AND UTILITIES.

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