Overview
What is Cambridge Affordable Housing Corp?
Cambridge Affordable Housing Corp is a nonprofit organization situated in Cambridge, Massachusetts, with a specific mission. They specialize in providing management and supporting services for related organizations that own and operate housing for individuals with low and moderate incomes. Their primary objective is to ensure the smooth operation of these low-income housing units in the city of Cambridge, MA, catering to qualified individuals in need.
Official website here: www.cambridge-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Cambridge Affordable Housing Corp has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. With an overall score derived entirely from its Accountability & Finance metrics, the organization demonstrates a strong commitment to transparency and governance, evidenced by its high ratings in areas such as board independence and financial oversight.
The nonprofit boasts an impressive 88.82% program expense ratio, indicating that a significant portion of its expenses is directed towards its mission-related activities. Additionally, the organization maintains essential policies, including conflict of interest and whistleblower policies, which enhance its operational integrity and accountability to stakeholders.
However, while the organization's financial practices are commendable, the rating suggests that there may be limited additional data on other operational aspects that could provide a more comprehensive view of its overall impact. Prospective donors and supporters might consider these factors when evaluating their contributions or involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Affordable Housing Corp legitimate?
Cambridge Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Affordable Housing Corp 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: $1,122,480
For more financial information, click here
Official website here: www.cambridge-housing.org
What is the mission statement of Cambridge Affordable Housing Corp?
Cambridge Affordable Housing Corp's mission is centered around providing management and supporting services for related organizations that own and operate low-income housing units. Their primary goal is to accommodate qualified individuals, ensuring affordable housing options are available. The organization's role extends beyond mere management; it offers essential support to these housing providers, thereby contributing to the provision of affordable living spaces for people in need.
Official website here: www.cambridge-housing.org
Who is the CEO of Cambridge Affordable Housing Corp?
John Filip is the Clerk of Cambridge Affordable Housing Corp.
Official website here: www.cambridge-housing.org
What is the revenue of Cambridge Affordable Housing Corp?
Cambridge Affordable Housing Corp's revenue in 2022 was $10,017,577.
Official website here: www.cambridge-housing.org
Who are the executives of Cambridge Affordable Housing Corp and what are their salaries?
There 5 volunteers at Cambridge Affordable Housing Corp.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $249,651
- Other: $73,362
- Compensation: $0
- Related: $230,304
- Other: $68,159
- Compensation: $0
- Related: $251,297
- Other: $45,357
- Compensation: $0
- Related: $238,993
- Other: $53,897
- Compensation: $0
- Related: $204,748
- Other: $64,908
- Compensation: $0
- Related: $63,625
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cambridge-housing.org
Where can I find the form 990 for Cambridge Affordable Housing Corp?
Cambridge Affordable Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cambridge-housing.org
Learn more at the official website: www.cambridge-housing.org
Mission Statement of Cambridge Affordable Housing Corp
Cambridge Affordable Housing Corp is dedicated to providing management and supporting services for related organizations that own and operate low-income housing units. This nonprofit organization's mission is to cater to qualified individuals in need of affordable housing. By offering these essential services, Cambridge Affordable Housing Corp plays a significant role in ensuring that low and moderate income persons have access to suitable housing options. The organization's work is geared towards improving the living conditions of those who may otherwise struggle to secure affordable housing, thereby contributing to a more equitable society.
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Impact
October, 2024
Cambridge Affordable Housing Corp plays a crucial role in enhancing the availability and management of affordable housing units in Cambridge, MA. By providing essential management and support services, the organization ensures that low and moderate-income individuals have access to safe and stable housing options.
Their impact is felt through the efficient operation of housing units, which not only improves living conditions for residents but also contributes to the overall well-being of the community. By facilitating ongoing maintenance and management, the organization helps to maintain the quality of affordable housing, allowing residents to thrive in a supportive environment. This work fosters community stability and promotes access to essential resources for those in need, making a significant contribution to addressing housing challenges in the region.
This information is meant to be a general summary of Cambridge Affordable Housing Corp. 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.
- Investment Income: $2,921
- Program Service Revenue: $8,164,686
- Gross Receipts: $10,017,577
Assets and Liabilities:
- Total Assets: $123,208,985
- Total Liabilities: $124,670,932
- Net Assets: -$1,461,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,741,899
DEVELOPMENT FEE
Revenue
$1,422,787
Organization Details
Founding Year
1989
Phone
(617) 520-6387Principal Officer
John Filip
Main Address
362 GREEN STREET, CAMBRIDGE, MA, 02139
Website
www.cambridge-housing.orgNTEE Category
Code: L210 - Housing
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