Cambridge Affordable Housing Corporation
Cambridge Affordable Housing Corp: Strong Assets, Declining Revenue
EIN: 223026442 · Cambridge, MA · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $9.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-3,216,080 |
| Transparency Score | 85/100 |
Is Cambridge Affordable Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cambridge Affordable Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cambridge Affordable Housing Corporation
Cambridge Affordable Housing Corporation (EIN: 223026442) is a nonprofit organization based in Cambridge, MA, classified under NTEE code L210. The organization reported total revenue of $7.6M and total assets of $101.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cambridge Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cambridge Affordable Housing Corporation is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $9.4M |
| Surplus / Deficit | $-1,754,133 |
| Total Assets | $125.3M |
| Total Liabilities | $128.5M |
| Net Assets | $-3,216,080 |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 102.6% |
| Months of Reserves | 160.5 months |
Financial Health Grade: C
In 2023, Cambridge Affordable Housing Corporation reported a deficit of $1.8M with expenses exceeding revenue, holds 160.5 months of operating reserves (strong position), has a debt-to-asset ratio of 102.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Cambridge Affordable Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.0% | -20.1% | +1.7% |
| 2022 | -23.8% | -17.3% | -4.3% |
| 2021 | +35.8% | +16.9% | +12.3% |
| 2020 | -11.1% | +3.5% | -16.3% |
| 2019 | +16.2% | -11.4% | +30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cambridge Affordable Housing Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cambridge Affordable Housing Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 in the provided filings, which is unusual for an organization of this size and suggests compensation may be reported under different line items or through a related entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cambridge Affordable Housing Corporation's IRS 990 filings:
- Consistent reporting of $0 for highest compensated employees across multiple years, despite significant revenue and assets.
- Declining revenue trend from $13,147,216 in 2021 to $7,615,379 in 2023, while assets continue to grow.
Strengths
The following positive indicators were identified for Cambridge Affordable Housing Corporation:
- Significant and growing asset base, reaching over $100 million, indicating strong financial stability.
- Long operational history with consistent financial reporting.
- Focus on affordable housing in a high-cost-of-living area like Cambridge, MA.
Frequently Asked Questions about Cambridge Affordable Housing Corporation
Is Cambridge Affordable Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cambridge Affordable Housing Corporation (EIN: 223026442) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Cambridge Affordable Housing Corporation spend its money?
Cambridge Affordable Housing Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cambridge Affordable Housing Corporation tax-deductible?
Cambridge Affordable Housing Corporation is registered as a tax-exempt nonprofit (EIN: 223026442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cambridge Affordable Housing Corporation CEO make?
Cambridge Affordable Housing Corporation's highest-compensated officer earns $0 annually. The organization reported $7.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cambridge Affordable Housing Corporation's spending goes to programs?
Cambridge Affordable Housing Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cambridge Affordable Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cambridge Affordable Housing Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cambridge Affordable Housing Corporation located?
Cambridge Affordable Housing Corporation is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 223026442. It is classified under NTEE code L210.
How many years of IRS 990 filings does Cambridge Affordable Housing Corporation have?
Cambridge Affordable Housing Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.6M in total revenue.
What does Cambridge Affordable Housing Corporation do?
Cambridge Affordable Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in Cambridge, Massachusetts. It is classified under NTEE code L210.
How much revenue does Cambridge Affordable Housing Corporation have?
Cambridge Affordable Housing Corporation reported total revenue of $7,615,379. Based on 14 IRS 990 filings on record.
What are Cambridge Affordable Housing Corporation's total assets?
Cambridge Affordable Housing Corporation holds total assets of $101,385,189 as reported in IRS 990 filings.
Where is Cambridge Affordable Housing Corporation located?
Cambridge Affordable Housing Corporation is based in Cambridge, Massachusetts.
What is Cambridge Affordable Housing Corporation's EIN?
Cambridge Affordable Housing Corporation's Employer Identification Number (EIN) is 223026442. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cambridge Affordable Housing Corporation?
Cambridge Affordable Housing Corporation is classified under NTEE code L210 (Housing & Shelter).
Is Cambridge Affordable Housing Corporation a registered 501(c)(3)?
Yes, Cambridge Affordable Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223026442.
Does Cambridge Affordable Housing Corporation file IRS Form 990?
Yes, Cambridge Affordable Housing Corporation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cambridge Affordable Housing Corporation's revenue in 2023?
In the 202312 filing period, Cambridge Affordable Housing Corporation reported total revenue of $7,616,334, total expenses of $9,370,467, and net assets of $125,323,621.
Is Cambridge Affordable Housing Corporation's revenue growing or declining?
Cambridge Affordable Housing Corporation's revenue is declining. Revenue went from $10,017,577 (202212) to $7,616,334 (202312), a -24.0% change. Based on 14 filings on record.
What is Cambridge Affordable Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Cambridge Affordable Housing Corporation covers tax period 202312. It shows revenue of $7,616,334, expenses of $9,370,467, total assets of $125,323,621, and liabilities of $128,539,701.
How much does Cambridge Affordable Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Cambridge Affordable Housing Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cambridge Affordable Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Cambridge Affordable Housing Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Cambridge Affordable Housing Corporation?
The following concerns were identified: Consistent reporting of $0 for highest compensated employees across multiple years, despite significant revenue and assets.. Declining revenue trend from $13,147,216 in 2021 to $7,615,379 in 2023, while assets continue to grow.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cambridge Affordable Housing Corporation's strengths?
Positive indicators for Cambridge Affordable Housing Corporation include: Significant and growing asset base, reaching over $100 million, indicating strong financial stability.. Long operational history with consistent financial reporting.. Focus on affordable housing in a high-cost-of-living area like Cambridge, MA.. These findings are derived from AI analysis of the organization's financial filings.
How does Cambridge Affordable Housing Corporation compensate executives?
Executive compensation is reported as $0 in the provided filings, which is unusual for an organization of this size and suggests compensation may be reported under different line items or through a related entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cambridge Affordable Housing Corporation?
• The organization consistently reports 0% compensation for its highest-paid employees, which requires further investigation to understand how executive compensation is structured or if it's reported under different categories. • Detailed program spending breakdowns are not readily available in the provided data, making it difficult to assess the specific impact of their affordable housing initiatives. • The financial filings show consistent growth in assets, but a declining trend in revenue ove Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for highest compensated employees, how does Cambridge Affordable Housing Corporation manage its executive leadership and what are the actual costs associated with their leadership team?
The provided data consistently shows $0 for highest compensated employees. This could indicate that executive compensation is paid by a related entity, reported under a different expense category, or that the organization relies heavily on volunteer leadership. Further investigation into their Form 990s would be necessary to clarify this.
What is driving the significant decline in revenue from $13,147,216 in 2021 to $7,615,379 in 2023, and how does this impact the organization's ability to expand its affordable housing programs?
The revenue decline could be due to various factors such as reduced grant funding, changes in rental income, or completion of specific projects. While assets have grown, a sustained decline in revenue could limit new program development or expansion, despite the strong asset base.
Filing History
IRS 990 filing history for Cambridge Affordable Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Cambridge Affordable Housing Corporation's revenue has grown by 431.7%, moving from $1.4M to $7.6M. Total assets increased by 496.2% over the same period, from $21.0M to $125.3M. Total functional expenses rose by 400%, from $1.9M to $9.4M. In its most recent filing year (2023), Cambridge Affordable Housing Corporation reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $128.5M in liabilities against $125.3M in assets (debt-to-asset ratio: 102.6%), resulting in net assets of $-3,216,080.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $9.4M | $125.3M | $128.5M | — | — |
| 2022 | $10.0M | $11.7M | $123.2M | $124.7M | — | View 990 |
| 2021 | $13.1M | $14.2M | $128.7M | $128.4M | — | View 990 |
| 2020 | $9.7M | $12.1M | $114.6M | $113.9M | — | View 990 |
| 2019 | $10.9M | $11.7M | $136.9M | $132.2M | — | View 990 |
| 2018 | $9.4M | $13.2M | $105.0M | $99.6M | — | View 990 |
| 2017 | $6.2M | $6.8M | $64.4M | $55.1M | — | View 990 |
| 2016 | $3.7M | $4.0M | $63.1M | $53.2M | — | View 990 |
| 2016 | $3.1M | $3.6M | $24.8M | $14.6M | — | — |
| 2015 | $1.6M | $2.4M | $33.2M | $28.1M | — | View 990 |
| 2014 | $2.9M | $7.9M | $23.1M | $21.0M | — | View 990 |
| 2013 | $3.1M | $2.4M | $24.3M | $16.5M | — | View 990 |
| 2012 | $1.5M | $1.9M | $23.4M | $16.4M | — | View 990 |
| 2011 | $1.4M | $1.9M | $21.0M | $13.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $9.4M, and assets of $125.3M (revenue -24.0% year-over-year).
- 2022: Revenue of $10.0M, expenses of $11.7M, and assets of $123.2M (revenue -23.8% year-over-year).
- 2021: Revenue of $13.1M, expenses of $14.2M, and assets of $128.7M (revenue +35.8% year-over-year).
- 2020: Revenue of $9.7M, expenses of $12.1M, and assets of $114.6M (revenue -11.1% year-over-year).
- 2019: Revenue of $10.9M, expenses of $11.7M, and assets of $136.9M (revenue +16.2% year-over-year).
- 2018: Revenue of $9.4M, expenses of $13.2M, and assets of $105.0M (revenue +50.9% year-over-year).
- 2017: Revenue of $6.2M, expenses of $6.8M, and assets of $64.4M (revenue +68.1% year-over-year).
- 2016: Revenue of $3.7M, expenses of $4.0M, and assets of $63.1M (revenue +17.6% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.6M, and assets of $24.8M (revenue +91.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.4M, and assets of $33.2M (revenue -42.9% year-over-year).
- 2014: Revenue of $2.9M, expenses of $7.9M, and assets of $23.1M (revenue -8.9% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.4M, and assets of $24.3M (revenue +109.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.9M, and assets of $23.4M (revenue +5.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.9M, and assets of $21.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cambridge Affordable Housing Corporation:
Data Sources and Methodology
This transparency report for Cambridge Affordable Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.