Overview
What is Caleb Housing Corporation?
Caleb Housing Corporation is a nonprofit organization situated in Lynn, Massachusetts, with a specific mission to provide affordable housing for low-income individuals. Established with the purpose of developing, acquiring, preserving, and maintaining affordable housing units, the corporation strives to contribute positively to its community by addressing the housing needs of less fortunate individuals. By engaging in these activities, Caleb Housing Corporation aims to contribute to a more equitable living environment for all.
Official website here: www.thecalebfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 69%, Star Rating: Two-Star out of Four Stars. The rating indicates that while Caleb Housing Corporation has strengths in areas such as having a fully independent board and receiving full marks for financial audits, there are significant areas needing attention, particularly regarding accountability and transparency.
The organization excels in its program expense ratio, indicating that all its resources are directed towards its programs, but it falls short in several governance policies. Notably, the lack of a conflict of interest policy, whistleblower policy, and document retention policy suggests potential gaps in safeguarding its operations and ensuring accountability.
Additionally, the liabilities to assets ratio is concerning, reflecting financial pressures that may impact the organization’s stability. While it is commendable that the financial statements are audited and there is no material diversion of assets, addressing the governance shortcomings and improving financial health will be essential for enhancing the overall effectiveness and trustworthiness of Caleb Housing Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Caleb Housing Corporation legitimate?
Caleb Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caleb Housing 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: $0
For more financial information, click here
Official website here: www.thecalebfoundation.org
What is the mission statement of Caleb Housing Corporation?
The mission of Caleb Housing Corporation is centered around developing, acquiring, preserving, and maintaining affordable housing options for individuals with low income. This organization is dedicated to providing a roof over heads for those in need, ensuring that affordable housing remains accessible and well-maintained. By carrying out these activities, Caleb Housing Corporation aims to contribute positively to the lives of low-income individuals, providing them with a stable and secure living environment.
Official website here: www.thecalebfoundation.org
Who is the CEO of Caleb Housing Corporation?
Debra Nutter is the Chairperson of Caleb Housing Corporation. The CEO's salary of Caleb Housing Corporation is $0 and their total compensation is $180,000.
Official website here: www.thecalebfoundation.org
What is the revenue of Caleb Housing Corporation?
Caleb Housing Corporation's revenue in 2022 was $930,657.
Official website here: www.thecalebfoundation.org
Who are the executives of Caleb Housing Corporation and what are their salaries?
Here are 16 key members and their salaries (Caleb Housing Corporation's CEO's salary is $0 and their total compensation is $180,000):
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- Related: $180,000
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- Related: $153,154
- Other: $0
- Compensation: $0
- Related: $149,419
- Other: $0
- Compensation: $0
- Related: $120,016
- Other: $0
- Compensation: $0
- Related: $135,000
- Other: $0
Official website here: www.thecalebfoundation.org
Where can I find the form 990 for Caleb Housing Corporation?
Caleb Housing Corporation'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 Caleb Housing Corporation
Caleb Housing Corporation is a dedicated organization that seeks to make a significant impact in the lives of low-income individuals. Their primary mission is to develop, acquire, preserve, and maintain affordable housing options for this vulnerable population. By taking on this responsibility, Caleb Housing Corporation aims to contribute to a more equitable living environment for those who may not have the financial means to secure adequate housing on their own. Through their efforts, they provide a vital service, ensuring that low-income individuals have access to safe and affordable housing, thereby enhancing their overall quality of life.
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Impact
July, 2024
Caleb Housing Corporation's impact is significant in providing affordable housing for low-income individuals in Lynn, Massachusetts. By developing, acquiring, preserving, and maintaining affordable housing units, Caleb Housing Corporation plays a crucial role in ensuring that low-income individuals have access to safe and stable housing options. Through their mission to support this vulnerable population, Caleb Housing Corporation contributes to the well-being and stability of the community by addressing an essential need for affordable housing.
This information is meant to be a general summary of Caleb Housing 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,450
- Program Service Revenue: $490,911
- Gross Receipts: $930,657
Assets and Liabilities:
- Total Assets: $5,455,732
- Total Liabilities: $5,424,283
- Net Assets: $31,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$473,096
MISCELLANEOUS
Revenue
$17,815
Organization Details
Founding Year
2016
Phone
(781) 595-4665Principal Officer
Debra Nutter
Main Address
270 BROADWAY, LYNN, MA, 01904
Website
www.thecalebfoundation.orgNTEE Category
Code: L20 - Housing
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