Cambridge Apartments Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237009943 ✦ Milwaukee, WI ✦ Designated as a 501(c)(4)

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Overview

What is Cambridge Apartments Corporation?

Cambridge Apartments Corporation is a housing rehabilitation nonprofit situated in Milwaukee, Wisconsin. Their primary mission is to offer affordable housing options for individuals with lower incomes. This mission is accomplished through various activities, such as rehabilitating existing properties to provide suitable living spaces.

Is Cambridge Apartments Corporation legitimate?

Cambridge Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cambridge Apartments Corporation 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: $236,189

For more financial information, click here

What is the mission statement of Cambridge Apartments Corporation?

Cambridge Apartments Corporation is a nonprofit organization dedicated to providing housing solutions for individuals with lower income levels. Their primary mission is to ensure affordable housing is readily available, demonstrating a commitment to social equity and accessibility. By rehabilitating properties, they aim to create living spaces that meet the needs of their target audience, thereby contributing to the overall betterment of the community.

Who is the CEO of Cambridge Apartments Corporation?

Carmen Porco is the Director of Cambridge Apartments Corporation.

What is the revenue of Cambridge Apartments Corporation?

Cambridge Apartments Corporation's revenue in 2023 was $1,058,137.

Who are the executives of Cambridge Apartments Corporation and what are their salaries?

The average compensation at Cambridge Apartments Corporation during 2023 was $39,365. There are 6 employees and 11 volunteers at Cambridge Apartments Corporation.


Here are 11 key members and their salaries:


Karl Byleen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev John Walton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Marcus Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Gloria V Hawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Mark Clinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Walter Lanier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hausler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Carmen Porco (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Archie Ivy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Ladson-Billings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Barbara Jill Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cambridge Apartments Corporation?

Cambridge Apartments Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Cambridge Apartments Corporation

Cambridge Apartments Corporation, as a housing rehabilitation nonprofit, is dedicated to providing lower income housing. Their mission is centered around ensuring that individuals with limited financial resources have access to suitable living accommodations. By focusing on this critical need, Cambridge Apartments Corporation aims to contribute positively to the well-being of its community members, enabling them to maintain a stable living environment.

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Impact




October, 2024

Cambridge Apartments Corporation significantly impacts the Milwaukee community by providing affordable housing options for lower-income individuals and families. Through its housing rehabilitation efforts, the organization revitalizes properties, ensuring that residents have access to safe, decent, and stable living environments. This commitment not only enhances the quality of life for tenants but also contributes to the overall improvement of neighborhoods in Milwaukee. By addressing the critical need for affordable housing, Cambridge Apartments Corporation plays a vital role in fostering community stability and promoting social equity.




This information is meant to be a general summary of Cambridge Apartments Corporation. 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.

Revenue
$1,058,137 (2023)
Expenses
$1,051,668 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $23,852
  • Program Service Revenue: $938,394
  • Gross Receipts: $1,058,137

Assets and Liabilities:

  • Total Assets: $1,816,407
  • Total Liabilities: $63,428
  • Net Assets: $1,752,979

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW INCOME RENTS

Revenue

$938,394

Organization Details

Founding Year

1964

Principal Officer

Carmen Porco

Main Address

3744 WEST GREENTREE ROAD, MILWAUKEE, WI, 53209

NTEE Category

Code: L25 - Housing

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