Cape Cod Apartments Inc
- Assets
- $11.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Falmouth, MA
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 04-6139234
Organization Overview
Cape Cod Apartments Inc is located in Falmouth, MA. The organization was established in 1969. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Cape Cod Apartments 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, Cape Cod Apartments Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 12.5% 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
THE ORGANIZATION'S MISSION IS TO PROVIDE MIDDLE-INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MIDDLE-INCOME HOUSING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Adams President | OfficerTrustee | 5 | $0 |
Patty Erickson Treasurer | OfficerTrustee | 5 | $0 |
Susan Zavala Cleark | OfficerTrustee | 5 | $0 |
Donald Vahey Jr Vice Preside | OfficerTrustee | 5 | $0 |
Jim Burges Director | Officer | 2 | $0 |
Christopher Alves Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $774,845 |
| 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 | $774,845 |
| Total Program Service Revenue | $479,829 |
| Investment income | $10,993 |
| 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 | $1,265,667 |
| 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 | $123,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,311 |
| Payroll taxes | $12,506 |
| Fees for services: Management | $58,116 |
| Fees for services: Legal | $3,892 |
| Fees for services: Accounting | $18,636 |
| 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 | $27,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $357,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,190 |
| Insurance | $59,675 |
| All other expenses | $32,228 |
| Total functional expenses | $1,221,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,807,171 |
| Savings and temporary cash investments | $384,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,805 |
| 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 | $425 |
| Net Land, buildings, and equipment | $4,542,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,883,585 |
| Accounts payable and accrued expenses | $225,500 |
| Grants payable | $0 |
| Deferred revenue | $8,937 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,825 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,790,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,073,840 |
| Net assets without donor restrictions | $6,740,384 |
| Net assets with donor restrictions | -$3,930,639 |
| 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 | $11,883,585 |
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