Cambridge Community Housing Development Inc

Analysis

Cambridge Community Housing Development Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 1998, 28 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 2023, Cambridge Community Housing Development Inc reported income of $8.0m and spending of $10.0m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $8.0m (+18%), an average of +4.1% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cambridge Community Housing Development Inc 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 Masonicare at Chester Village Inc ($7.9m), Birmingham Green Adult Care Residence ($8.0m) and Hawthorne Ridge Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $501k. At year end it held assets of $58.4m against liabilities of $80.1m, net assets of -$21.6m.

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.