Cambridge Affordable Housing Corporation

Analysis

Cambridge Affordable Housing Corporation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 1990, 36 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 December 2023, Cambridge Affordable Housing Corporation reported income of $7.6m and spending of $9.4m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.9m to $7.6m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cambridge Affordable Housing Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include The Village of St Edward at Green ($7.6m), Jha Assisted Living Inc ($7.6m) and PHW Germantown Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $737k. At year end it held assets of $125.3m against liabilities of $128.5m, net assets of -$3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.