Caleb Village Heights Foundation Inc
- Assets
- $7.8m
- Revenue
- $2.3m
- Investments
- $3.0m
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 04-3276483
Organization Overview
Caleb Village Heights Foundation Inc is located in Lynn, MA. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Caleb Village Heights Foundation Inc 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 12/2023, Caleb Village Heights Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, ACQUIRE, PRESERVE AND MAINTAIN AFFORDABLE HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS AND LIVING REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS WITH SPECIAL NEEDS AND LIVING REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxie Severance Chairperson | Trustee | 2 | $0 |
Debra Nutter President | Trustee | 2 | $0 |
Kathryn Burns Clerk | Trustee | 2 | $0 |
Vince O'donnell Treasurer | Trustee | 2 | $0 |
Holly Burbank Vice Chairperson | Trustee | 2 | $0 |
Matthew D Lincoln Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,125,107 |
| Investment income | $86,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,277,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $134,404 |
| Fees for services: Legal | $8,355 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90 |
| Office expenses | $12,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44 |
| Interest | $163,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,575 |
| Insurance | $56,829 |
| All other expenses | $201,396 |
| Total functional expenses | $2,164,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,864 |
| Savings and temporary cash investments | $416,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,863,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,992,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $487,047 |
| Total assets | $7,821,087 |
| Accounts payable and accrued expenses | $277,080 |
| Grants payable | $0 |
| Deferred revenue | $16,149 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,827,774 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,109 |
| Total liabilities | $4,165,112 |
| Net assets without donor restrictions | $3,655,975 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,821,087 |