Cascap Realty Inc
- Assets
- $13.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 31-1671588
Organization Overview
Cascap Realty Inc is located in Cambridge, MA. The organization was established in 1999. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Cascap Realty 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, Cascap Realty Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 4.2% 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 PROVIDE PERSONS OF LOW INCOME WITH HOUSING AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS AND MANAGES 5 TWO-BEDROOM UNITS, 71 ONE-BEDROOM OR STUDIO APARTMENT UNITS, AND 53 SINGLE OCCUPANCY UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Bombard Treasurer | Officer | 1 | $0 |
Louise Elving President | Officer | 1 | $0 |
John Hixson Clerk | Officer | 1 | $0 |
Margaret Drury Vice President | Officer | 1 | $0 |
Vincent O'donnell Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,095,374 |
| Investment income | $769 |
| 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 | $2,100,150 |
| 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 | $350,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,794 |
| Payroll taxes | $28,428 |
| Fees for services: Management | $279,826 |
| Fees for services: Legal | $2,521 |
| Fees for services: Accounting | $26,426 |
| 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 | $44,262 |
| Information technology | $33,352 |
| Royalties | $0 |
| Occupancy | $94,296 |
| Travel | $12,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $231,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,548 |
| Insurance | $97,319 |
| All other expenses | $3,765 |
| Total functional expenses | $2,433,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,374 |
| Savings and temporary cash investments | $732,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,232 |
| 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 | $4,585 |
| Net Land, buildings, and equipment | $11,433,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $670,359 |
| Total assets | $13,114,133 |
| Accounts payable and accrued expenses | $93,239 |
| Grants payable | $0 |
| Deferred revenue | $46,844 |
| 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 | $17,398,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $424,474 |
| Total liabilities | $17,963,156 |
| Net assets without donor restrictions | -$4,849,023 |
| 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 | $13,114,133 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cascap Realty Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |
Rupco Inc Kingston, NY | $24,947,682 | $11,097,811 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |