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The Caleb Foundation Inc Initiatives In Affordable Housing

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223205846 ✦ Lynn, MA ✦ Designated as a 501(c)(3)

Overview

What is The Caleb Foundation Inc Initiatives In Affordable Housing?

The Caleb Foundation Inc's initiatives focus on affordable housing, specifically targeting low-income elderly, handicapped, and families. Their work involves acquiring, implementing, and monitoring multi-family housing properties. The foundation's mission is centered around owning, investing in, and managing these properties to ensure they maintain a high standard of quality. Their primary goal is to provide affordable living spaces for families with moderate income levels, demonstrating their commitment to addressing housing needs in their community.


Official website here: www.thecalebfoundation.org

Is The Caleb Foundation Inc Initiatives In Affordable Housing legitimate?

The Caleb Foundation Inc Initiatives In Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Caleb Foundation Inc Initiatives In Affordable Housing submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thecalebfoundation.org

What is the mission statement of The Caleb Foundation Inc Initiatives In Affordable Housing?

The Caleb Foundation Inc's initiatives in affordable housing are dedicated to owning, investing in, and managing and developing quality housing for families with low and moderate incomes. Their mission is to provide multi-family housing solutions, catering specifically to the needs of low-income elderly, disabled, and families. They actively engage in the acquisition, implementation, and monitoring of these housing projects to ensure they meet the necessary standards.


Official website here: www.thecalebfoundation.org

Who is the CEO of The Caleb Foundation Inc Initiatives In Affordable Housing?

Debra Nutter is the Chairperson of The Caleb Foundation Inc Initiatives In Affordable Housing. The CEO's salary of The Caleb Foundation Inc Initiatives In Affordable Housing is $0 and their total compensation is $180,000.


Official website here: www.thecalebfoundation.org

What is the revenue of The Caleb Foundation Inc Initiatives In Affordable Housing?

The Caleb Foundation Inc Initiatives In Affordable Housing's revenue in 2022 was $11,235,165.


Official website here: www.thecalebfoundation.org

Who are the executives of The Caleb Foundation Inc Initiatives In Affordable Housing and what are their salaries?

Here are 12 key members and their salaries (The Caleb Foundation Inc Initiatives In Affordable Housing's CEO's salary is $0 and their total compensation is $180,000):

    Debra Nutter (President & Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $180,000
  • Other: $0

    • Clarke Orzelli (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Burns (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vince O'Donnell (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bessy Kong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew D Lincoln (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Wasielewski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren Sawyer (Chairman Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roxie Severence (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan B Sawyer (Clerk Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shawn Yardley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Snow (Treasurer Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thecalebfoundation.org

    Where can I find the form 990 for The Caleb Foundation Inc Initiatives In Affordable Housing?

    The The Caleb Foundation Inc Initiatives In Affordable Housing’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thecalebfoundation.org

    Learn more at the official website: www.thecalebfoundation.org

    Mission Statement of The Caleb Foundation Inc Initiatives In Affordable Housing

    The Caleb Foundation Inc Initiatives In Affordable Housing is committed to a mission that involves owning, investing in, and managing affordable housing for families with low and moderate incomes. This nonprofit organization seeks to develop high-quality housing units, catering specifically to this demographic. Through its activities, The Caleb Foundation aims to provide a living space that is both comfortable and affordable for these families, ensuring they have a secure place to call home.

    In its pursuit of this mission, The Caleb Foundation engages in the acquisition, implementation, and monitoring of multi-family housing. This includes properties for low-income elderly individuals, those with disabilities, and families in need. By managing and developing such housing, the foundation strives to contribute positively to the lives of these individuals, providing them with a safe and stable living environment. The Caleb Foundation's mission is a testament to its commitment to addressing housing affordability, a pressing issue for many families across various communities.

    Impact

    This information is meant to be a general summary of The Caleb Foundation Inc Initiatives In Affordable Housing. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Caleb Foundation Inc Initiatives In Affordable Housing has made a significant impact by acquiring, implementing, and monitoring multi-family housing for low-income elderly, handicapped, and families in Lynn, MA. Through their efforts, they have provided quality affordable housing for those in need, ensuring that low and moderate-income families have a place to call home. Their initiative in affordable housing has positively impacted the community by addressing the housing needs of vulnerable populations and contributing to the overall well-being and stability of these individuals and families.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,137,951
  • Program Service Revenue: $3,191,562
  • Gross Receipts: $13,878,419

    • Assets and Liabilities:
  • Total Assets: $31,326,979
  • Total Liabilities: $5,383,333
  • Net Assets: $25,943,646
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    HISTORIC TAX CREDIT INCOME

    Revenue

    $1,548,658

    DEVELOPMENT FEES

    Revenue

    $1,034,457

    RENTAL INCOME

    Revenue

    $360,441

    PARTNERSHIP REVENUE

    Revenue

    $150,116

    ADMINISTRATIVE FEES

    Revenue

    $48,830

    Organization Details

    Founding Year

    1992

    Principal Officer

    Debra Nutter

    Main Address

    270 BROADWAY, LYNN, MA, 01904

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of The Caleb Foundation Inc Initiatives In Affordable Housing and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.