Overview
What is Cambridge Community Housing Inc?
Cambridge Community Housing Inc is a nonprofit organization situated in the historic city of Cambridge, Massachusetts. Their primary mission is to develop and preserve affordable housing options within the city, catering to various residential areas. Through their endeavors, they aim to contribute positively to the community by providing affordable living spaces.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
Cambridge Community Housing Inc has demonstrated a strong commitment to accountability and financial management, earning a Four-Star rating from Charity Navigator. The organization scored highly in various criteria, including independent board governance, financial oversight, and transparency in operations. Notably, it has a fully independent board and maintains a high program expense ratio, indicating that a significant portion of its resources are directed towards its mission.
The organization shows no material diversion of assets and has established comprehensive policies regarding conflicts of interest and whistleblower protections, enhancing its credibility and trustworthiness. However, its liabilities to assets ratio of 55.86% suggests some financial obligations that could warrant further review, although it is not significantly detrimental to its overall financial health.
Overall, Cambridge Community Housing Inc stands out for its strong governance and dedication to its mission, but potential donors and stakeholders should consider the financial structure and liabilities when evaluating the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Community Housing Inc legitimate?
Cambridge Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Community Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,443
For more financial information, click here
What is the mission statement of Cambridge Community Housing Inc?
Cambridge Community Housing Inc. is committed to developing and maintaining affordable housing options. This mission is carried out by offering apartment homes in various locations within their jurisdiction, ensuring that affordable housing remains accessible to those in need. By focusing on this mission, the organization contributes significantly to addressing housing affordability challenges, thereby enhancing the living standards of its community.
Who is the CEO of Cambridge Community Housing Inc?
Sara Barcan is the President of Cambridge Community Housing Inc.
What is the revenue of Cambridge Community Housing Inc?
Cambridge Community Housing Inc's revenue in 2022 was $4,369,519.
Who are the executives of Cambridge Community Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $235,253
- Other: $18,075
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Where can I find the form 990 for Cambridge Community Housing Inc?
Cambridge Community Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cambridge Community Housing Inc
Cambridge Community Housing Inc, a notable organization, is dedicated to the mission of creating and preserving affordable housing within the city. By taking on this role, the institution aims to cater to the housing needs of various individuals in the community. Through their efforts, they provide apartment homes in various locations across Cambridge, Massachusetts. This commitment to affordable housing is essential in ensuring that residents can maintain a stable living environment, regardless of their financial circumstances. By developing and maintaining affordable housing, Cambridge Community Housing Inc plays a crucial role in fostering a diverse and inclusive community, where individuals from all walks of life can call home.
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Impact
October, 2024
Cambridge Community Housing Inc significantly impacts the local community by addressing the critical need for affordable housing in Cambridge, Massachusetts. By developing and maintaining apartment homes in various locations throughout the historic city, the organization provides essential housing options for individuals and families, fostering stability and inclusivity in the community. This commitment not only enhances the quality of life for residents but also contributes to the overall vibrancy and diversity of Cambridge, ensuring that people from different backgrounds can thrive in this dynamic environment. In essence, their efforts play a vital role in combating housing insecurity and promoting equitable access to living spaces in a city known for its educational and cultural richness.
This information is meant to be a general summary of Cambridge Community Housing 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: $4,305,169
- Gross Receipts: $4,369,519
Assets and Liabilities:
- Total Assets: $22,815,181
- Total Liabilities: $13,357,771
- Net Assets: $9,457,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,305,169
Organization Details
Founding Year
1985
Phone
(617) 868-4858Principal Officer
Sara Barcan
Main Address
280 FRANKLIN STREET, CAMBRIDGE, MA, 02139
NTEE Category
Code: L20Z - Housing
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