Overview
What is Cambridge Community Housing Development Inc?
Cambridge Community Housing Development Inc is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 280 Franklin Street. Their primary mission is to provide affordable housing for the city's low and moderate-income residents. To achieve this goal, they actively engage in developing and maintaining affordable housing units within Cambridge. Their work contributes to ensuring that a diverse range of residents can afford to live in the community, thereby promoting social equity and inclusivity.
What are the reviews and ratings of this charity?
79% - This charity's score is a Three-Star out of Four Star rating.
Cambridge Community Housing Development Inc demonstrates strengths in its financial accountability and governance practices, scoring highly in areas such as independent board membership and the presence of essential policies like conflict of interest and whistleblower protections. The organization has an excellent program expense ratio, indicating that a significant portion of its expenses is directed towards its mission.
However, the organization faces challenges, notably reflected in its liabilities to assets ratio, which significantly impacts its overall financial health score. Despite these limitations, the charity maintains transparent financial statements and has performed well on audit and oversight metrics, suggesting it is committed to responsible management of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Community Housing Development Inc legitimate?
Cambridge Community Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Community Housing Development 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: $480,812
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What is the mission statement of Cambridge Community Housing Development Inc?
Cambridge Community Housing Development Inc is dedicated to a significant mission. Their primary objective is to develop and maintain affordable housing solutions, catering to individuals with moderate and low income levels. This organization strives to provide a stable living environment for these residents, ensuring they can reside in a community that fits their financial circumstances. Their activities are centered around the development, construction, and maintenance of affordable housing units, thereby addressing the housing needs of a vulnerable segment of society.
Who is the CEO of Cambridge Community Housing Development Inc?
Sara Barcan is the President of Cambridge Community Housing Development Inc.
What is the revenue of Cambridge Community Housing Development Inc?
Cambridge Community Housing Development Inc's revenue in 2022 was $7,704,327.
Who are the executives of Cambridge Community Housing Development Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $235,253
- Other: $18,075
Where can I find the form 990 for Cambridge Community Housing Development Inc?
Cambridge Community Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cambridge Community Housing Development Inc
Cambridge Community Housing Development Inc, as its mission statement suggests, is dedicated to the development and maintenance of affordable housing. In simpler terms, this nonprofit organization works tirelessly to provide housing options that are within reach for individuals and families with low to moderate incomes. By undertaking this mission, Cambridge Community Housing Development Inc aims to contribute positively to the community, ensuring that everyone has a place to call home, regardless of their financial situation. This mission is not just about constructing buildings; it's about creating a more inclusive and equitable society where everyone has access to basic necessities like a safe and affordable place to live.
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Impact
October, 2024
Cambridge Community Housing Development Inc significantly impacts the community by developing and maintaining affordable housing options for low and moderate-income residents in Cambridge, MA. This organization addresses the pressing need for accessible housing in a city where rising costs can make it challenging for many to find suitable living arrangements.
By focusing on creating and sustaining affordable housing, the organization promotes economic diversity and stability within the community, ensuring that residents from various backgrounds can reside in Cambridge. This initiative not only enhances the quality of life for individuals and families but also contributes to the overall health and vibrancy of the neighborhood.
Furthermore, the organization’s mission supports a more inclusive community by providing essential housing resources to those most in need, fostering a sense of belonging and community cohesion among residents. Overall, Cambridge Community Housing Development Inc plays a crucial role in shaping a more equitable and sustainable living environment in Cambridge.
This information is meant to be a general summary of Cambridge Community Housing Development 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: $7,384,654
- Gross Receipts: $7,704,327
Assets and Liabilities:
- Total Assets: $56,982,552
- Total Liabilities: $76,586,299
- Net Assets: -$19,603,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,384,654
Organization Details
Founding Year
1985
Phone
(617) 868-4858Principal Officer
Sara Barcan
Main Address
280 FRANKLIN STREET, CAMBRIDGE, MA, 02139
NTEE Category
Code: L210 - Housing
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