Cambridge Homes
- Assets
- $39.5m
- Revenue
- $6.4m
- Investments
- $36.4m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 05/1918
- Data as of
- 06/2021
- EIN
- 04-2103958
Organization Overview
Cambridge Homes is located in Cambridge, MA. The organization was established in 1918. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cambridge Homes generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAMBRIDGE HOMES SERVICES SENIORS THROUGHOUT THE CITY OF CAMBRIDGE, MA AND NEIGHBORING TOWNS, PROVIDING RENT SUBSIDIES TO LOW INCOME RESIDENTS IN ITS 44 UNIT ASSISTED LIVING FACILITY. APPROXIMATELY ONE-THIRD OF THE RESIDENTS ARE LOW INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Aussubel Resident Care Direct | 40 | $130,684 | |
Lindsay Mckenzie Director Of Business | 40 | $86,991 | |
Derrick Peterson Director Of Dining E | 40 | $80,328 | |
Walter Crane Director Of Building | 40 | $80,025 | |
Abdelkader Derkaoui Resident Care Assist | 40 | $76,361 | |
Mike Wiggins Director (as Of 5/21) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Senior Living Residences Llc | 6/29/21 | $554,860 |
Merrill Lynch | 6/29/21 | $218,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,434 |
| Interest on Savings | $64 |
| Dividends & Interest | $612,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,418,666 |
| Capital Gain Net Income | $2,418,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,323,214 |
| Total Revenue | $6,429,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,629,546 |
| Pension plans, employee benefits | $433,396 |
| Interest | $0 |
| Taxes | $246,745 |
| Depreciation | $390,211 |
| Occupancy | $332,073 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $777,823 |
| Total operating and administrative expenses | $4,568,902 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,568,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,465 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,275 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,365 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,630,583 |
| Other assets | $186,686 |
| Total assets | $39,547,737 |
| Accounts payable and accrued expenses | $432,422 |
| Grants payable | $0 |
| Deferred revenue | $397,174 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $829,596 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Homes has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |