Cambridge Homes

Organization Overview

Cambridge Homes is located in Cambridge, MA. The organization was established in 1918. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cambridge Homes generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CAMBRIDGE HOMES SERVICES SENIORS THROUGHOUT THE CITY OF CAMBRIDGE, MA AND NEIGHBORING TOWNS, PROVIDING RENT SUBSIDIES TO LOW INCOME RESIDENTS IN ITS 44 UNIT ASSISTED LIVING FACILITY. APPROXIMATELY ONE-THIRD OF THE RESIDENTS ARE LOW INCOME.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Senior Living Residences Llc
$554,860
Merrill Lynch
$218,547
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $74,434
Interest on Savings $64
Dividends & Interest $612,790
Net Rental Income$0
Net Gain on Sale of Assets $2,418,666
Capital Gain Net Income $2,418,666
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $3,323,214
Total Revenue $6,429,168

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cambridge Homes has recieved totaling $500.

Awarding OrganizationAmount
Alchemy Foundation

Cambridge, MA

PURPOSE: GENERAL SUPPORT

$500
View Grant Recipient Profile

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