Overview
What is Cascap Realty Inc?
Cascap Realty Inc, situated in Cambridge, Massachusetts, is a dedicated nonprofit organization committed to providing housing and support services tailored to the needs of individuals with low income. The organization manages a substantial number of residential units, including 5 two-bedroom units, 71 one-bedroom or studio apartments, and 53 single occupancy units. Their mission is centered around offering housing solutions that cater specifically to this demographic, ensuring they have access to living accommodations that meet their unique requirements.
Official website here: www.cascap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Cascap Realty Inc has received an 81% rating from Charity Navigator, indicating a strong performance in accountability and finance. This score highlights the organization’s commitment to transparency and responsible management of resources, demonstrating that it effectively maintains financial integrity and adheres to best practices.
The nonprofit features a fully independent board, with all eight members meeting independence criteria, which enhances its governance structure. Additionally, it scores exceptionally well in areas such as material diversion of assets and financial statement oversight, receiving full points in these categories, indicating a robust oversight mechanism in place.
While the organization excels in financial management and accountability, it is essential to consider that the rating is derived solely from financial metrics and may not encompass other aspects like program effectiveness or community impact. Overall, Cascap Realty Inc shows strong potential in its financial operations, which is a critical factor for donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
Is Cascap Realty Inc legitimate?
Cascap Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cascap Realty 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: $350,955
For more financial information, click here
Official website here: www.cascap.org
What is the mission statement of Cascap Realty Inc?
Cascap Realty Inc's mission is centered around providing housing and essential services tailored to the needs of individuals with low income. The organization is committed to this mission by offering a range of accommodation options, including two-bedroom units, one-bedroom or studio apartments, and single occupancy units. Their primary goal is to ensure that these living spaces are affordable for those with modest incomes, thereby improving their overall living conditions. Additionally, Cascap Realty Inc also provides necessary services to complement their housing offerings, aiming to enhance the quality of life for the individuals they serve.
Official website here: www.cascap.org
Who is the CEO of Cascap Realty Inc?
Sara Barcan is the Director of Cascap Realty Inc.
Official website here: www.cascap.org
What is the revenue of Cascap Realty Inc?
Cascap Realty Inc's revenue in 2022 was $2,100,150.
Official website here: www.cascap.org
Who are the executives of Cascap Realty Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
Official website here: www.cascap.org
Where can I find the form 990 for Cascap Realty Inc?
Cascap Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cascap.org
Learn more at the official website: www.cascap.org
Mission Statement of Cascap Realty Inc
Cascap Realty Inc, as a nonprofit organization, is committed to providing housing and essential services tailored to meet the unique needs of individuals with low income. Its mission is centered around providing these individuals with a home, aiming to enhance their living conditions and improve their overall well-being. The organization manages a variety of housing units, including 5 two-bedroom units, 71 one-bedroom or studio apartments, and 53 single occupancy units, all designed specifically for low and moderate income individuals. By offering these housing solutions, Cascap Realty Inc helps these individuals secure a stable living environment, which is a crucial foundation for their personal growth and development.
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Impact
October, 2024
Cascap Realty Inc has a significant impact on the community by providing essential housing and support services tailored to individuals of low and moderate income. With a portfolio that includes five two-bedroom units, 71 one-bedroom or studio apartments, and 53 single occupancy units in Cambridge, MA, the organization plays a vital role in addressing housing scarcity for vulnerable populations.
By offering affordable living options, Cascap Realty Inc helps to reduce homelessness and housing instability, fostering a sense of security and stability for residents. Additionally, the organization focuses on services designed to meet the unique needs of its tenants, facilitating access to resources that improve quality of life. Overall, Cascap Realty Inc is instrumental in enhancing community resilience and promoting equitable housing solutions in the region.
This information is meant to be a general summary of Cascap Realty 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.
- Investment Income: $769
- Program Service Revenue: $2,095,374
- Gross Receipts: $2,100,150
Assets and Liabilities:
- Total Assets: $13,114,133
- Total Liabilities: $17,963,156
- Net Assets: -$4,849,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$2,095,374
Organization Details
Founding Year
1998
Phone
(617) 492-5559Principal Officer
Sara Barcan
Main Address
810 MEMORIAL DRIVE SUITE 107, CAMBRIDGE, MA, 02139
Website
www.cascap.orgNTEE Category
Code: L210 - Housing
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