Caleb Foundation Inc
- Assets
- $34.8m
- Revenue
- $4.2m
- Investments
- $2.8m
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 22-3205846
Organization Overview
Caleb Foundation Inc is located in Lynn, 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 independent organization and not affiliated with a larger national or regional group of organizations. Caleb 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 Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.6% 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 OWN, INVEST IN, AND MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, IMPLEMENTATION AND MONITORING MULTI-FAMILY HOUSING FOR LOW-INCOME ELDERLY, HANDICAPPED AND FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxie Severance Chairperson | Trustee | 2 | $0 |
Kathryn Burns Clerk | Trustee | 2 | $0 |
Vince O'donnell Treasurer | Trustee | 2 | $0 |
Bessy Kong Director | Trustee | 2 | $0 |
Matthew D Lincoln Director | Trustee | 2 | $0 |
Joni Boissoneault Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keith Construction Inc Construction | 12/30/22 | $447,405 |
Dms Design Llc Architecture | 12/30/22 | $197,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $251,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,675 |
| Total Program Service Revenue | $3,142,430 |
| Investment income | $692,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,176,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,245 |
| 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 | $38,963 |
| Fees for services: Legal | $4,860 |
| Fees for services: Accounting | $66,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,328 |
| Advertising and promotion | $2,217 |
| Office expenses | $33,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,694 |
| Insurance | $28,744 |
| All other expenses | $46,343 |
| Total functional expenses | $1,611,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $130,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,440 |
| Net Land, buildings, and equipment | $3,640,180 |
| Investments—publicly traded securities | $2,815,139 |
| Investments—other securities | $2,824,457 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,171,307 |
| Total assets | $34,753,575 |
| Accounts payable and accrued expenses | $108,193 |
| Grants payable | $0 |
| Deferred revenue | $5,226 |
| 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 | $5,041,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $908,626 |
| Total liabilities | $6,063,919 |
| Net assets without donor restrictions | $0 |
| 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 | $28,689,656 |
| Total liabilities and net assets/fund balances | $34,753,575 |