Cambridge Community Housing Inc
- Assets
- $22.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1993
- Data as of
- 06/2022
- EIN
- 22-2933799
Organization Overview
Cambridge Community Housing Inc is located in Cambridge, MA. The organization was established in 1993. 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 itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Cambridge Community 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, Cambridge Community Housing Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 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 DEVELOP AND MAINTAIN AFFORDABLE HOUSING IN CAMBRIDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Elving President | OfficerTrustee | 0.5 | $0 |
Margaret Drury Vice President | OfficerTrustee | 0.5 | $0 |
Tim Bombard Treasurer | OfficerTrustee | 0.5 | $0 |
John Hixson Clerk | OfficerTrustee | 0.5 | $0 |
John Miller Director | Trustee | 0.5 | $0 |
Peter Daly Former Executive Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Usi Insurance Services Llc Insurance | 6/29/22 | $316,825 |
All Time Service Inc Janitorial | 6/29/22 | $269,101 |
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 | $4,305,169 |
| Investment income | $0 |
| 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 | $4,369,519 |
| 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 | $274,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,305 |
| Payroll taxes | $23,225 |
| Fees for services: Management | $306,035 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $116,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,872 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $610,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749,943 |
| Insurance | $297,566 |
| All other expenses | $153,410 |
| Total functional expenses | $3,373,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,982,566 |
| Savings and temporary cash investments | $1,319,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,744 |
| 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 | $89,005 |
| Net Land, buildings, and equipment | $5,376,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,804,200 |
| Total assets | $22,815,181 |
| Accounts payable and accrued expenses | $163,418 |
| Grants payable | $0 |
| Deferred revenue | $65,470 |
| 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 | $13,124,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,009 |
| Total liabilities | $13,357,771 |
| Net assets without donor restrictions | $9,419,235 |
| Net assets with donor restrictions | $38,175 |
| 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 | $22,815,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |