Cambridge Neighborhood Apartment Housing Service Inc

Analysis

Cambridge Neighborhood Apartment Housing Service Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cambridge Neighborhood Apartment Housing Service Inc reported income of $2.1m and spending of $428k, leaving 80% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $2.1m (+39%), an average of +6.9% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cambridge Neighborhood Apartment Housing Service Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Community Housing Associates Inc ($2.1m), Community Concepts Development Corporation ($2.1m) and Yes in My Back Yard ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $214k (50% of expenses). At year end it held assets of $36.9m against liabilities of $732k, net assets of $36.1m.