Caleb Development Corporation in Swampscott, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Caleb Development Corporation | |
| Employer Identification Number (EIN) | 043365903 |
| Name of Organization | Caleb Development Corporation |
| In Care of Name | Joan B Sawyer |
| Address | 491 Humphrey St, Swampscott, MA 01907-2618 |
| Activities | Described in section 509(a)(2) of the Code, Low income housing |
| Subsection | Charitable Organization |
| Ruling Date | 11/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $364,641 |
| Form 990 Revenue Amount | $750,338 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $364,641 (it was $4,721,423 in 2012)
| Caleb Development Corporation: | $364,641 |
| Other organizations performing similar types of work: | $438,600 |
Assets in 2013: $1 (it was $2,185,108 in 2012)
| This organization: | $1 |
| Other organizations performing similar types of work: | $1,170,741 |
Expenses in 2012: $1,747,122
| Caleb Development Corporation: | $1,747,122 |
| Other organizations performing similar types of work: | $386,925 |
Income to expenses ratio in 2012: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 58.6%
| Caleb Development Corporation: | 58.6% |
| Other organizations performing similar types of work: | 0.4% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,607,708 | $11 | $367,497 | |
| Contributions, gifts, grants, etc., received | $942,636 | |||
| Interest on savings and temporary cash investments | $11 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $367,486 | |||
| Other | $297,575 | |||
| Total expenses and disbursements | $1,747,122 | $0 | $754,640 | $431,370 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,315,752 | $0 | $0 | |
| Contributions, gifts, grants paid | $431,370 | |||
| Excess of revenue over expenses and disbursements | $-139,414 | |||
| Net investment income | $11 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,185,108 | $2,185,108 |
| Cash - non-interest-bearing | $57,071 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,128,037 | |
| Total liabilities | $2,291,007 | |
| Mortgages and other notes payable | $2,172,574 | |
| Other | $118,433 | |
| Total liabilities and net assets/fund balances | $-105,899 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $297,575 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Hollybush Afforable Housing Inc | 122 E 42nd St Rm 3605, New York, NY 10168-3620 | NY | 1995-04 | $11,546,894 |
| 2 | Community Housing Works | 2815 Camino Del Rio S Ste 350, San Diego, CA 92108-3816 | CA | 1992-11 | $9,504,128 |
| 3 | Hollywood Community Housing Corporation | 5020 Santa Monica Blvd, Los Angeles, CA 90029-2412 | CA | 1994-10 | $2,436,810 |
| 4 | Massachusetts Affordable Housing Alliance Inc | 1803 Dorchester Ave, Dorchester, MA 02124-2530 | MA | 1993-05 | $1,177,827 |
| 5 | Lake County Haven | PO BOX 127, Libertyville, IL 60048-0127 | IL | 1993-02 | $825,293 |
| 6 | Foxwood Affordable Housing Inc | 122 E 42nd St Rm 3605, New York, NY 10168-3620 | NY | 1995-04 | $814,033 |
| 7 | Willow Arms Mutual Housing Association Inc | 95 Niles St, Hartford, CT 06105-2305 | CT | 1996-08 | $797,593 |
| 8 | Stevens Creek Village Inc | 1245 S Winchester Blvd Ste 200, San Jose, CA 95128-3908 | CA | 1996-10 | $438,600 |
| 9 | S A M H Corporation, Second African Meeting House Corp | 150 Warren St, Roxbury, MA 02119-3234 | MA | 1997-04 | $403,333 |
| 10 | Caleb Development Corporation | 491 Humphrey St, Swampscott, MA 01907-2618 | MA | 1997-11 | $364,641 |
| 11 | South Brooklyn Mutual Housing Development Fund Corporation, Mha | 621 Degraw St, Brooklyn, NY 11217-3120 | NY | 1995-03 | $317,104 |
| 12 | Henry Phipps Plaza South Housing Development Fund Corporation | 902 Broadway - 13th Floor, New York, NY 10010-6033 | NY | 1974-07 | $79,588 |
| 13 | Yerba Buena Housing Sites Trust | 230 4th St, San Francisco, CA 94103-3117 | CA | 1991-10 | $55,697 |
| 14 | Alleghany Highlands Economic Development Foundation | PO BOX 786, Covington, VA 24426-0786 | VA | 1995-04 | $0 |
| 15 | Las Americas | Rt 1 Box 219s, La Feria, TX 78559-9847 | TX | 1995-01 | $0 |
| 16 | Moanalua Hillside Resident Council | 1182 Ala Kipa St Apt 401, Honolulu, HI 96819-1218 | HI | 1997-05 | $0 |
| 17 | Oyster Bay Resources Management Inc | 115 Central Park Road P O Box 351, Plainview, NY 11803 | NY | 1997-12 | $0 |
| 18 | Riverview Towers Foundation, Mendelowitz Harold L Ttee | 52 Garretta St, Pittsburgh, PA 15217-3231 | PA | 1992-12 | $0 |
| 19 | Self-Sufficiency Thru Housing And Economic Development, San Jacinto Garden Cooperative | PO BOX 801754, Houston, TX 77280-1754 | TX | 1995-03 | $0 |
| 20 | Westminister Church Homes Foundation Inc | 101 Timber Ridge Road, Westminster, MD 21157 | MD | 1985-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||
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| Total | 28 | ||||||||||||||||||||||
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