Cambridge Affordable Housing Corporation

Organization Overview

Cambridge Affordable Housing Corporation is located in Cambridge, MA. The organization was established in 1990. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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 Affordable Housing Corporation 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 12/2021, Cambridge Affordable Housing Corporation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 21.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MANAGEMENT & SERVICES FOR RELATED ORGANIZATIONS WHICH OWN & OPERATE LOW INCOME HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael J Johnston
Clerk
$0
Elaine Derosa
President
$0
Louis Bacci III
Vice President
$0
Gerald J Clark
Treasurer
$0
Brenda Snowden Downing
Deputy Executive Director
$0
John Filip
Chief Financial Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$167,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$375,312
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$542,312
Total Program Service Revenue$12,367,855
Investment income $8,317
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $148,075
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,147,216

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Cambridge Affordable Housing Corporation has recieved totaling $249,812.

Awarding OrganizationAmount
Herb And Maxine Jacobs Foundation Inc

Boston, MA

PURPOSE: GENERAL

$100,000
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: SPECIAL PROJECT

$63,000
Cambridge Community Foundation

Cambridge, MA

PURPOSE: PROGRAM ASSISTANCE

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$30,000
Oneworld Boston Inc

Woburn, MA

PURPOSE: AFFORDABLE HOUSING PROGRAM

$5,000
Gap Foundation

San Francisco, CA

PURPOSE: FOR CIVIC & COMMUNITY ENGAGEMENT

$1,750
View Grant Recipient Profile

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