The Caleb Group Inc
- Assets
- $1.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 110
- Location
- Lynn, MA
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 04-3460139
Organization Overview
The Caleb Group Inc is located in Lynn, MA. The organization was established in 2000. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Caleb Group Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caleb Group 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 12/2022, Caleb Group Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT SERVICES FOR ORGANIZATIONS THAT PROVIDE AFFORDABLE HOUSING TO QUALIFIED TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE INDEPENDENCE OF THOSE LOW AND MODERATE INCOME ELDERLY INDIVIDUALS AND FAMILIES AND DISABLED WHO IT SEEKS TO SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarke Orzalli Chairperson | Trustee | 2 | $0 |
Debra Nutter President And CEO | Trustee | 40 | $180,000 |
Kathryn Burns Clerk | Trustee | 2 | $0 |
Vince O'donnell Treasurer | Trustee | 2 | $0 |
Matt Lincoln Director | Trustee | 2 | $0 |
John Wasielewski 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 | $30,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,207 |
| Total Program Service Revenue | $4,006,474 |
| Investment income | $303 |
| 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 | $4,036,984 |
| 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. | $180,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,335,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $204,876 |
| Payroll taxes | $211,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,608 |
| Advertising and promotion | $4,412 |
| Office expenses | $45,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $949 |
| Insurance | $3,778 |
| All other expenses | $0 |
| Total functional expenses | $4,111,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,939 |
| Savings and temporary cash investments | $74,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,072,976 |
| 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 | $77,254 |
| Net Land, buildings, and equipment | $885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,497 |
| Total assets | $1,848,384 |
| Accounts payable and accrued expenses | $483,753 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,309 |
| Total liabilities | $514,062 |
| Net assets without donor restrictions | $1,334,322 |
| 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 | $1,848,384 |