Overview
What is Cambridge Neighborhood Apartment Housing Services Inc?
Cambridge Neighborhood Apartment Housing Services Inc is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 280 Franklin Street, 02139. Their primary mission is to support property owners of low and moderate income housing in the city by providing technical assistance and low-cost loans. This aid enables property owners to make necessary improvements that align with local housing codes, as they may struggle to secure adequate private financing. Established with the intention of fostering collaboration among diverse residents, the organization also serves as a referral center for housing rehabilitation information and resources, offering affordable loans or other financial assistance when necessary.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% Rating
Cambridge Neighborhood Apartment Housing Services Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization's overall score is entirely based on its accountability practices, showcasing a robust commitment to financial integrity and transparency.
The nonprofit boasts an impressive accountability score of 94, with key strengths including a fully independent board and a strong financial oversight committee. It has no material diversion of assets and maintains comprehensive policies regarding conflict of interest and document retention, indicating a well-structured governance framework.
One notable aspect is the high program expense ratio of 91%, which demonstrates that the majority of resources are directed towards its mission-related activities. However, while the organization excels in financial management, specific programmatic outcomes and impacts are not detailed, which may be a consideration for potential donors seeking a broader understanding of effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Neighborhood Apartment Housing Services Inc legitimate?
Cambridge Neighborhood Apartment Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Neighborhood Apartment Housing Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $161,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cambridge Neighborhood Apartment Housing Services Inc?
Cambridge Neighborhood Apartment Housing Services Inc was established with the aim of fostering cooperation among individuals of diverse religions and nationalities. Its primary objective is to promote living conditions that are decent, safe, and sanitary for all. The organization serves as a referral center, providing information and technical assistance regarding housing rehabilitation. Additionally, it offers affordable loans or financing assistance to property owners, enabling them to make necessary improvements adhering to local housing codes, when private financing is unattainable. In essence, the mission of Cambridge Neighborhood Apartment Housing Services Inc is to enhance housing conditions and provide financial aid, ensuring that everyone has access to decent living spaces.
Who is the CEO of Cambridge Neighborhood Apartment Housing Services Inc?
Sara Barcan is the President of Cambridge Neighborhood Apartment Housing Services Inc.
What is the revenue of Cambridge Neighborhood Apartment Housing Services Inc?
Cambridge Neighborhood Apartment Housing Services Inc's revenue in 2022 was $1,708,785.
Who are the executives of Cambridge Neighborhood Apartment Housing Services Inc and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $226,253
- Other: $27,075
Where can I find the form 990 for Cambridge Neighborhood Apartment Housing Services Inc?
Cambridge Neighborhood Apartment Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cambridge Neighborhood Apartment Housing Services Inc
Cambridge Neighborhood Apartment Housing Services Inc, a nonprofit organization, was established with the goal of fostering unity among individuals of various religions and nationalities who share a desire for decent, safe, and sanitary living conditions. The primary mission of this organization is to serve as a referral center, providing valuable information and technical assistance related to housing rehabilitation. Furthermore, Cambridge Neighborhood Apartment Housing Services Inc offers affordable loans or financing assistance to property owners, enabling them to make necessary improvements that adhere to local housing codes. Regrettably, in some cases, obtaining adequate private financing can prove challenging, and this is where the organization steps in to lend a helping hand.
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Impact
October, 2024
Cambridge Neighborhood Apartment Housing Services Inc significantly enhances the quality of life for low and moderate-income residents in Cambridge by facilitating access to safe, decent, and sanitary housing. By providing technical assistance and low-cost loans to property owners, the organization enables necessary improvements in housing that align with local codes, particularly when traditional financing options are unavailable. This initiative not only helps maintain the integrity of housing stock but also fosters cooperative efforts among diverse communities, ensuring that individuals from all backgrounds can secure stable living conditions. Ultimately, its impact lies in creating a more inclusive and equitable housing landscape, contributing to the overall wellbeing of the community.
This information is meant to be a general summary of Cambridge Neighborhood Apartment Housing Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,304,285
- Gross Receipts: $1,708,785
Assets and Liabilities:
- Total Assets: $33,973,958
- Total Liabilities: $977,560
- Net Assets: $32,996,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$1,081,385
LOAN SERVICING AND OTH
Revenue
$222,900
Organization Details
Founding Year
1983
Phone
(617) 868-4858Principal Officer
Sara Barcan
Main Address
280 FRANKLIN STREET, CAMBRIDGE, MA, 02139
NTEE Category
Code: L200 - Housing
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