Overview
What is The Caleb Foundation Inc Initiatives In Affordable Housing?
The Caleb Foundation Inc's initiatives focus on affordable housing, specifically targeting low-income elderly, handicapped, and families. Their work involves acquiring, implementing, and monitoring multi-family housing properties. The foundation's mission is centered around owning, investing in, and managing these properties to ensure they maintain a high standard of quality. Their primary goal is to provide affordable living spaces for families with moderate income levels, demonstrating their commitment to addressing housing needs in their community.
Official website here: www.thecalebfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Caleb Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating highlights the organization's strong commitment to accountability and finance, with numerous indicators suggesting effective governance and transparency. The charity benefits from a fully independent board and robust financial audits, which are critical components for donor trust and operational integrity.
Key strengths include a full score for program expenses, demonstrating that 100% of its expenditures are directed toward its mission of affordable housing initiatives. The foundation also maintains a low liabilities-to-assets ratio, indicating financial stability. However, areas for improvement are noted, as the organization lacks essential policies such as a conflict of interest policy and a whistleblower policy, which are important for comprehensive governance.
Overall, The Caleb Foundation Inc shows promise in its financial practices and governance structure, but addressing the noted policy gaps could enhance its credibility and operational effectiveness further. Potential donors may appreciate the financial transparency but should also consider the importance of comprehensive governance policies when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is The Caleb Foundation Inc Initiatives In Affordable Housing legitimate?
The Caleb Foundation Inc Initiatives In Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Caleb Foundation Inc Initiatives In Affordable Housing 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: $0
For more financial information, click here
Official website here: www.thecalebfoundation.org
What is the mission statement of The Caleb Foundation Inc Initiatives In Affordable Housing?
The Caleb Foundation Inc's initiatives in affordable housing are dedicated to owning, investing in, and managing and developing quality housing for families with low and moderate incomes. Their mission is to provide multi-family housing solutions, catering specifically to the needs of low-income elderly, disabled, and families. They actively engage in the acquisition, implementation, and monitoring of these housing projects to ensure they meet the necessary standards.
Official website here: www.thecalebfoundation.org
Who is the CEO of The Caleb Foundation Inc Initiatives In Affordable Housing?
Debra Nutter is the Chairperson of The Caleb Foundation Inc Initiatives In Affordable Housing. The CEO's salary of The Caleb Foundation Inc Initiatives In Affordable Housing is $0 and their total compensation is $180,000.
Official website here: www.thecalebfoundation.org
What is the revenue of The Caleb Foundation Inc Initiatives In Affordable Housing?
The Caleb Foundation Inc Initiatives In Affordable Housing's revenue in 2022 was $11,235,165.
Official website here: www.thecalebfoundation.org
Who are the executives of The Caleb Foundation Inc Initiatives In Affordable Housing and what are their salaries?
Here are 12 key members and their salaries (The Caleb Foundation Inc Initiatives In Affordable Housing's CEO's salary is $0 and their total compensation is $180,000):
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Official website here: www.thecalebfoundation.org
Where can I find the form 990 for The Caleb Foundation Inc Initiatives In Affordable Housing?
The Caleb Foundation Inc Initiatives In Affordable Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecalebfoundation.org
Learn more at the official website: www.thecalebfoundation.org
Mission Statement of The Caleb Foundation Inc Initiatives In Affordable Housing
The Caleb Foundation Inc Initiatives In Affordable Housing is committed to a mission that involves owning, investing in, and managing affordable housing for families with low and moderate incomes. This nonprofit organization seeks to develop high-quality housing units, catering specifically to this demographic. Through its activities, The Caleb Foundation aims to provide a living space that is both comfortable and affordable for these families, ensuring they have a secure place to call home.
In its pursuit of this mission, The Caleb Foundation engages in the acquisition, implementation, and monitoring of multi-family housing. This includes properties for low-income elderly individuals, those with disabilities, and families in need. By managing and developing such housing, the foundation strives to contribute positively to the lives of these individuals, providing them with a safe and stable living environment. The Caleb Foundation's mission is a testament to its commitment to addressing housing affordability, a pressing issue for many families across various communities.
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Impact
October, 2024
The Caleb Foundation Inc Initiatives In Affordable Housing significantly impacts the community by providing quality affordable housing for low and moderate-income families in Lynn, Massachusetts. Through the acquisition, implementation, and monitoring of multi-family housing projects, it addresses the critical need for safe and affordable living conditions.
By focusing on low-income elderly, handicapped individuals, and families, the foundation ensures that vulnerable populations have access to stable housing, promoting dignity and quality of life. Their efforts not only enhance the living standards of residents but also contribute to the local economy by sustaining vibrant communities and fostering social stability.
Overall, the foundation plays a crucial role in mitigating housing insecurity and enhancing the overall well-being of those it serves, thereby creating lasting positive effects in the area.
This information is meant to be a general summary of The Caleb Foundation Inc Initiatives In Affordable Housing. 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: $7,137,951
- Program Service Revenue: $3,191,562
- Gross Receipts: $13,878,419
Assets and Liabilities:
- Total Assets: $31,326,979
- Total Liabilities: $5,383,333
- Net Assets: $25,943,646
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HISTORIC TAX CREDIT INCOME
Revenue
$1,548,658
DEVELOPMENT FEES
Revenue
$1,034,457
RENTAL INCOME
Revenue
$360,441
PARTNERSHIP REVENUE
Revenue
$150,116
ADMINISTRATIVE FEES
Revenue
$48,830
Organization Details
Founding Year
1992
Phone
(781) 595-4665Principal Officer
Debra Nutter
Main Address
270 BROADWAY, LYNN, MA, 01904
Website
www.thecalebfoundation.orgNTEE Category
Code: L20Z - Housing
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