Cambridge Community Housing Development Inc
- Assets
- $54.3m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1998
- Data as of
- 06/2020
- EIN
- 22-3345968
Organization Overview
Cambridge Community Housing Development Inc is located in Cambridge, MA. The organization was established in 1998. 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.
For the year ending 06/2020, Cambridge Community Housing Development Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $8.7m during the year ending 06/2020. While expenses have increased by 3.6% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MAINTAIN AFFORDABLE HOUSING IN CAMBRIDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF CAMBRIDGE, MA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Miller Treasurer | OfficerTrustee | 0.5 | $0 |
Louise Elving President | OfficerTrustee | 0.5 | $0 |
Deb Favreau Clerk | OfficerTrustee | 0.5 | $0 |
Vince O'donnell Vice President | OfficerTrustee | 0.5 | $0 |
John Kelley Director Of Finance | Officer | 4 | $0 |
Peter Daly Executive Director | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edwards Construction Co Llc Construction | 6/29/20 | $174,847 |
Timothy Wheeler Construction | 6/29/20 | $106,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,556,085 |
| Investment income | $490,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,145,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,473 |
| Payroll taxes | $31,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,069 |
| Fees for services: Accounting | $103,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $77,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,843,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,207,339 |
| Insurance | $183,958 |
| All other expenses | $327,599 |
| Total functional expenses | $8,673,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,570,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,730 |
| Net Land, buildings, and equipment | $29,526,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,086,509 |
| Total assets | $54,272,109 |
| Accounts payable and accrued expenses | $120,946 |
| Grants payable | $0 |
| Deferred revenue | $64,134 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $69,950,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,135,174 |
| Net assets without donor restrictions | -$18,063,715 |
| Net assets with donor restrictions | $2,200,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,272,109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Elant At Brandywine Inc Goshen, NY | $12,795,730 | $14,014,165 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $41,225,680 | $9,090,923 |
Cambridge Affordable Housing Corporation Cambridge, MA | $136,870,580 | $10,886,409 |
New Samaritan Corporation Inc Storrs, CT | $11,945,749 | $11,022,602 |
Hudson River Housing Poughkeepsie, NY | $25,741,692 | $11,588,329 |
Boston Tremont Housing Development Fund Corporation New York, NY | $19,311,527 | $14,902,281 |
Fit-Nhnh Inc Manchester, NH | $20,211,623 | $14,555,429 |
Augustus & James Corporation New York, NY | $14,841,846 | $11,349,706 |
Equinox Inc Albany, NY | $6,087,418 | $9,728,215 |
Rupco Inc Kingston, NY | $18,056,705 | $9,570,443 |
Cambridge Community Housing Development Inc Cambridge, MA | $54,272,109 | $7,145,171 |