Community Action For Better Housing Inc
- Assets
- $7.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- New Bedford, MA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 04-3330633
Organization Overview
Community Action For Better Housing Inc is located in New Bedford, MA. The organization was established in 1946. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Community Action For Better Housing Inc employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Action For Better Housing 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 06/2022, Community Action For Better Housing Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO PERSONS WITH LOW OR MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CLEAN, SAFE AND AFFORDABLE HOUSING UNITS TO 84 INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOMES; PROVIDE 9 HOUSING UNITS AND 4 MULTI-BED BUILDINGS TO CATHOLIC SOCIAL SERVICES OF FALL RIVER. A RELATED ORGANIZATION, FOR ITS HOMELESS SHELTER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar M Da Cunha President, Treasurer | Officer | 10 | $0 |
Kevin Kiley Assistant Clerk | Officer | 10 | $0 |
Rev Richard Wilson Director | Officer | 10 | $0 |
Irene M Frechette Director | Officer | 10 | $0 |
Karen Andersen Director | Officer | 10 | $0 |
Josh Amaral Director | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Investment income | $1,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,279,088 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $411,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,775 |
| Fees for services: Accounting | $24,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,857 |
| Information technology | $12,426 |
| Royalties | $0 |
| Occupancy | $409,728 |
| Travel | $1,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,926 |
| Insurance | $100,571 |
| All other expenses | $0 |
| Total functional expenses | $1,380,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,058 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,989 |
| Total assets | $7,835,552 |
| Accounts payable and accrued expenses | $52,854 |
| Grants payable | $0 |
| Deferred revenue | $239,621 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,847 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,320,956 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,526 |
| Total liabilities | $8,787,804 |
| Net assets without donor restrictions | -$952,252 |
| 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 |
| Total liabilities and net assets/fund balances | -$952,252 |