Form 990 for tax year 2023
Filed by CAMBRIDGE AFFORDABLE HOUSING CORPORATION.
Totals
- Total revenue
- $7,616,334
- Total expenses
- $9,370,467
- Contributions and grants received
- $105,772
- Grants paid
- $105,772
- Program service revenue
- $7,505,667
- Investment income
- $4,895
- Other revenue
- $0
- Total assets, end of year
- $125,323,621
- Total liabilities, end of year
- $128,539,701
- Net assets or fund balances, end of year
- -$3,216,080
- Program services expenses (Part IX)
- $8,236,312
- Management and general expenses
- $1,134,155
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,236,312
Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$105,772
-
2a · Program service revenue: RENTAL INCOME
total $6,395,481 · related or exempt $6,395,481
-
2b · Program service revenue: DEVELOPMENT FEE
total $1,008,058 · related or exempt $1,008,058
-
2c · Program service revenue: OTHER TENANT REVENUE
total $102,128 · related or exempt $102,128
-
3 · Investment income
total $4,895 · excluded $4,895
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $105,772 · program services $105,772
-
7 · Other salaries and wages
total $736,539 · program services $362,891 · management and general $373,648
-
8 · Pension plan contributions
total $175,458 · management and general $175,458
-
9 · Other employee benefits
total $199,626 · program services $145,995 · management and general $53,631
-
11a · Fees: management
total $368,889 · management and general $368,889
-
11b · Fees: legal
total $5,640 · management and general $5,640
-
11c · Fees: accounting
total $47,154 · management and general $47,154
-
11g · Fees: other
total $8,779 · management and general $8,779
-
13 · Office expenses
total $67,718 · management and general $67,718
-
14 · Information technology
total $5,827 · management and general $5,827
-
16 · Occupancy
total $1,937,320 · program services $1,937,320
-
17 · Travel
total $2,054 · management and general $2,054
-
20 · Interest
total $2,343,755 · program services $2,343,755
-
22 · Depreciation, depletion and amortization
total $1,809,060 · program services $1,809,060
-
23 · Insurance
total $282,158 · program services $282,158
-
24a · Other expenses: DEVELOPMENT FEE
total $1,008,058 · program services $1,008,058
-
24b · Other expenses: CONDO ASSESSMENT FEES
total $144,608 · program services $144,608
-
24c · Other expenses: TENANT SERVICES
total $54,817 · program services $54,817
-
24d · Other expenses: BAD DEBT EXPENSE
total $41,878 · program services $41,878
-
24e · All other expenses
total $25,357 · management and general $25,357
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,589,830 · end of year $18,242,729
-
4 · Accounts receivable
beginning of year $216,100 · end of year $361,134
-
9 · Prepaid expenses and deferred charges
beginning of year $289,714 · end of year $290,945
-
10a · Land, buildings and equipment: cost or other basis
$37,911,945
-
10b · Land, buildings and equipment: accumulated depreciation
$9,539,589
-
10c · Land, buildings and equipment, net
beginning of year $29,203,466 · end of year $28,372,356
-
15 · Other assets
beginning of year $73,909,875 · end of year $78,056,457
-
17 · Accounts payable and accrued expenses
beginning of year $1,435,498 · end of year $1,252,731
-
19 · Deferred revenue
beginning of year $17,992 · end of year $24,761
-
23 · Secured mortgages and notes payable
beginning of year $97,172,889 · end of year $97,059,643
-
25 · Other liabilities
beginning of year $26,044,553 · end of year $30,202,566
-
27 · Net assets without donor restrictions
beginning of year -$1,461,947 · end of year -$3,216,080
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE LOW-INCOME HOUSING UNITS FOR QUALIFIED INDIVIDUALS IN THE CITY OF CAMBRIDGE, MA.
Activities or mission (Part I)
MANAGEMENT & SERVICES FOR RELATED ORGANIZATIONS WHICH OWN & OPERATE LOW INCOME HOUSING.
-
AFFORDABLE HOUSING - MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS WHICH OWN AND OPERATE HOUSING FOR LOW AND MODERATE INCOME PERSONS.
Expenses $8,236,312 · Grants $105,772 · Revenue $7,505,667
As filed on the 2023 return.
Listed in Part VII
-
Michael J JohnstonMICHAEL J JOHNSTON
CLERK
- Total calculated
- $348,878
- From this org
- $0
- From related orgs
- $264,682
- Other
- $84,196
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $262,296 related
- Bonus
- $0
- Other
- $0 + $2,386 related
- Deferred
- $0 + $58,187 related
- Nontaxable benefits
- $0 + $26,009 related
- Filer's total
- $0 + $348,878 related
-
Elaine DerosaELAINE DEROSA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Louis Bacci IIILOUIS BACCI III
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gerald J ClarkGERALD J CLARK
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Victoria BerglandVICTORIA BERGLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Susan T ConnellySUSAN T CONNELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Brenda Snowden DowningBRENDA SNOWDEN DOWNING
DEPUTY EXECUTIVE DIRECTOR
- Total calculated
- $328,192
- From this org
- $0
- From related orgs
- $249,000
- Other
- $79,192
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $237,000 related
- Bonus
- $0 + $12,000 related
- Other
- $0
- Deferred
- $0 + $53,183 related
- Nontaxable benefits
- $0 + $26,009 related
- Filer's total
- $0 + $328,192 related
-
Joe DimambroJOE DIMAMBRO
DEPUTY FISCAL DIRECTOR
- Total calculated
- $217,804
- From this org
- $0
- From related orgs
- $158,844
- Other
- $58,960
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,844 related
- Bonus
- $0 + $5,000 related
- Other
- $0
- Deferred
- $0 + $34,746 related
- Nontaxable benefits
- $0 + $24,214 related
- Filer's total
- $0 + $217,804 related
-
Margaret Donnelly-MoranMARGARET DONNELLY-MORAN
DEPUTY EXECUTIVE DIRECTOR OF DEV.
- Total calculated
- $328,276
- From this org
- $0
- From related orgs
- $271,063
- Other
- $57,213
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $259,063 related
- Bonus
- $0 + $12,000 related
- Other
- $0
- Deferred
- $0 + $56,323 related
- Nontaxable benefits
- $0 + $890 related
- Filer's total
- $0 + $328,276 related
-
John FilipJOHN FILIP
CHIEF FINANCIAL OFFICER
- Total calculated
- $308,335
- From this org
- $0
- From related orgs
- $244,764
- Other
- $63,571
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $236,764 related
- Bonus
- $0 + $8,000 related
- Other
- $0
- Deferred
- $0 + $52,277 related
- Nontaxable benefits
- $0 + $11,294 related
- Filer's total
- $0 + $308,335 related
-
Kevin J BragaKEVIN J BRAGA
DIRECTOR OF OPERATIONS
- Total calculated
- $279,915
- From this org
- $0
- From related orgs
- $205,595
- Other
- $74,320
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $197,595 related
- Bonus
- $0 + $8,000 related
- Other
- $0
- Deferred
- $0 + $44,275 related
- Nontaxable benefits
- $0 + $30,045 related
- Filer's total
- $0 + $279,915 related
-
John LindamoodJOHN LINDAMOOD
DIRECTOR OF RESIDENT SERVICES
- Total calculated
- $243,620
- From this org
- $0
- From related orgs
- $184,417
- Other
- $59,203
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $176,417 related
- Bonus
- $0 + $8,000 related
- Other
- $0
- Deferred
- $0 + $39,331 related
- Nontaxable benefits
- $0 + $19,872 related
- Filer's total
- $0 + $243,620 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD OF CAMBRIDGE HOUSING AUTHORITY (CHA), A RELATED ORGANIZATION, APPOINTS A CLERK WHO USES A DILIGENT REVIEW PROCESS TO DETERMINE COMPENSATION OF OFFICERS AND TOP MANAGEMENT. THE COMPENSATION PROCESS INCLUDES A REVIEW OF MARKET RATES AND PASSED AFTER A REVIEW BY THE BOARD. THE COMPENSATION CONTRACT IS KEPT CURRENT BY THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT. COMPENSATION IS ONLY RECEIVED BY CHA ACTIVITIES - NO COMPENSATION IS PAID DIRECTLY FROM CAMBRIDGE AFFORDABLE HOUSING CORPORATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CAMBRIDGE HOUSING AUTHORITY
$105,772
RESIDENT SERVICES WORKFORCE PROGRAM
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CAMBRIDGE HOUSING AUTHORITY
GOVERNMENT · AFFORDABLE HOUSING · MA
-
501(C)(3) · AFFORDABLE HOUSING · MA
Directly controlled by CAMBRIDGE HOUSING AUTHORITY
-
501(C)(3) · AFFORDABLE HOUSING · MA
Directly controlled by CAMBRIDGE HOUSING AUTHORITY
-
RESIDENT SERVICES EMPOWERMENT INC
501(C)(3) · EDUCATION AND EMPOWERMENT · MA
Directly controlled by CAMBRIDGE HOUSING AUTHORITY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
JEFFERSON PARK APARTMENTS MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
MILLERS RIVER HOLDING LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
CAHC YWCA LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
CORCORAN PARK HOLDING LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
BURNS APARTMENTS HOLDING LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
ROOSEVELT TOWERS HOLDING LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
JACKSON PLACE HOLDING LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
TRUMAN APARTMENTS MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
ST PAUL'S RESIDENCES MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
PUTNAM SCHOOL APARTMENTS MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
ST PAUL'S RESIDENCES LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
ROOSEVELT TOWERS MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
PUTNAM SCHOOL MANAGER LLC
AFFORDABLE HOUSING · MA · income $0 · assets $0
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CAHC PORTER ROAD MANAGER LLC
C · AFFORDABLE HOUSING · MA · 55% owned
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
ROOSEVELT TOWERS MANAGER LLC
C · AFFORDABLE HOUSING · MA · 55% owned
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
PUTNAM SCHOOL MANAGER LLC
C · AFFORDABLE HOUSING · MA · 100% owned
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
-
TRUMAN APARTMENTS MANAGER LLC
C · AFFORDABLE HOUSING · MA · 55% owned
Directly controlled by CAMBRIDGE AFFORDABLE HOUSING CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403179349305835
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