Cambridge Senior Housing Association Inc
- Assets
- $181.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 42-1145107
Organization Overview
Cambridge Senior Housing Association Inc is located in Algona, IA. The organization was established in 1983. 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. Cambridge Senior Housing Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Cambridge Senior Housing Association Inc generated $45.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $44.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY ADJUSTED INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 12 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN CAMBRIDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Mcbreen President | 0 | $0 | |
Joyce Williams Vice President | 0 | $0 | |
Karen Kovarik Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,316 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $527 |
| Total Revenue | $45,843 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,372 |
| Occupancy, rent, utilities, and maintenance | $22,459 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,819 |
| Total expenses | $44,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,501 |
| Other assets | $0 |
| Total assets | $181,073 |
| Total liabilities | $62,548 |
| Net assets or fund balances | $118,525 |
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