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CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

aka CEOC   |   Cambridge, MA   |  https://ceoccambridge.org/

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GuideStar Charity Check

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

EIN: 04-2378175


Mission

CEOC's mission is to empower people and mobilize resources to fight poverty’s causes and impacts through education and organizing.

Ruling year info

1965

Executive Director

Tina Alu

Main address

11 Inman Street

Cambridge, MA 02139 USA

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EIN

04-2378175

Subject area info

Job counseling

Community organizing

Housing loss prevention

Financial counseling

Economic justice

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Population served info

Families

People of Middle Eastern descent

People of Asian descent

People of African descent

People of Latin American descent

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NTEE code info

Human Services - Multipurpose and Other N.E.C. (P99)

Community Improvement, Capacity Building N.E.C. (S99)

Alliance/Advocacy Organizations (R01)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Tax Preparation Assistance

CEOC is a IRS certified VITA site and provides free tax preparation to people with low or moderate incomes, persons with disabilities, seniors and limited English speaking taxpayers. This service is offered in Spanish, Amharic, Portuguese and English.

Population(s) Served

CEOC helps our clients apply for health insurance like MassHealth, Health Connector plans, Health Safety Net and dental plans through the Massachusetts Health Connector. We also help people choose the right plan and medical provider and make changes to their coverage if something changes in their lives, like losing a job or experiencing a change in family income.

Our state-certified SHINE Counselor is on hand to guide Medicare recipients and folks who are uninsured on benefits and options.

Our Navigator staff also makes health insurance less confusing. They provide information on co-pays, co-insurance, deductibles, out-of-pocket maximums and many other terms that are hard to understand.

We also assist clients struggling to pay medical bills.

Population(s) Served

CEOC offers a broad range of services including reasonable accommodation requests, applications for affordable subsidized housing, Cambridge Housing Authority grievance & conference panels, eviction prevention, homeless shelter referral, resolving issues with another tenant, property manager or landlord, hoarding or housekeeping issues, legal services referral, rent arrearages, rent re-certification, sanitary code violations reporting, Section 8 applications, tenant’s rights education and advocacy, transfer requests, utility assistance, housing search, mediation assistance, and court attendance.

CEOC is also active in developing and advocating for public policy that supports and expands access to affordable housing opportunities.

Population(s) Served

We help individuals fill out their FAFSA (Free Application for Federal Student Aid) to get the most financial aid they are eligible for. Our advocates can help review financial aid award letters to assist in choosing the college which is the best financial fit.

Population(s) Served

CEOC operates two food pantries, one in North Cambridge and one in Central Square. We feature in particular healthy foods, staples and culturally appropriate items. For instance, CEOC partners with ICNA Relief New England to provide Halal meat vouchers for our Muslim neighbors.

In addition, CEOC helps eligible clients apply for Supplemental Nutrition Assistance Program (SNAP) benefits.

Population(s) Served

CEOC provides financial education workshops and individual coaching to help clients achieve their financial goals. This includes creating a spending plan, saving for emergencies, making a plan to pay down debt, fixing credit report errors, and learning how to protect themselves from fraud and identity theft.

Population(s) Served

Journey to Hope is a new CEOC program that provides free, personalized support to teach Cambridge residents wellness skills based on their individual goals. Our specially trained staff helps our clients learn how to manage stress and reach a happier, healthier place. This service is provided in English, Haitian Creole, and Amharic.

Population(s) Served

CEOC assists clients in accessing and troubleshooting a variety of public benefits including Social Security, SSI, SSDI, TAFDC and EAEDC.

Population(s) Served

Where we work

Financials

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC
Fiscal year: Oct 01 - Sep 30
Financial documents
2022
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

7.18

Average of 7.68 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4

Average of 10.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

27%

Average of 27% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

This snapshot of CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $5,049 -$17,510 $87,647 $317,174 -$206,632
As % of expenses 0.5% -1.7% 6.8% 19.0% -10.1%
Unrestricted surplus (deficit) after depreciation -$1,938 -$23,885 $79,590 $308,550 -$215,256
As % of expenses -0.2% -2.3% 6.2% 18.3% -10.5%
Revenue composition info
Total revenue (unrestricted & restricted) $1,031,015 $1,080,428 $1,249,756 $1,947,645 $2,086,932
Total revenue, % change over prior year 2.8% 4.8% 15.7% 55.8% 7.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.4% 0.3% 0.6% 0.9% 1.0%
Government grants 87.3% 83.5% 71.1% 70.1% 75.7%
All other grants and contributions 10.4% 13.1% 25.8% 26.3% 21.6%
Other revenue 1.9% 3.1% 2.5% 2.7% 1.8%
Expense composition info
Total expenses before depreciation $1,010,691 $1,044,887 $1,285,057 $1,673,166 $2,043,390
Total expenses, % change over prior year 3.4% 3.4% 23.0% 30.2% 22.1%
Personnel 62.6% 55.5% 58.6% 53.9% 48.6%
Professional fees 8.8% 11.3% 1.8% 3.5% 2.6%
Occupancy 1.6% 1.6% 1.0% 0.9% 0.6%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 27.0% 31.6% 38.6% 41.6% 48.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,017,678 $1,051,262 $1,293,114 $1,681,790 $2,052,014
One month of savings $84,224 $87,074 $107,088 $139,431 $170,283
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $32,115 $11,812 $0 $0
Total full costs (estimated) $1,101,902 $1,170,451 $1,412,014 $1,821,221 $2,222,297

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 14.1 14.4 5.4 5.6 4.0
Months of cash and investments 14.1 14.4 12.7 12.0 8.4
Months of estimated liquid unrestricted net assets 14.2 13.2 11.4 11.1 7.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,184,676 $1,252,080 $576,494 $787,709 $682,976
Investments $0 $0 $785,341 $892,057 $740,152
Receivables $144,021 $91,255 $190,314 $323,148 $241,472
Gross land, buildings, equipment (LBE) $263,728 $246,249 $258,061 $258,061 $258,061
Accumulated depreciation (as a % of LBE) 74.0% 61.7% 62.0% 65.3% 68.6%
Liabilities (as a % of assets) 9.3% 10.2% 21.0% 21.0% 13.3%
Unrestricted net assets $1,267,060 $1,243,175 $1,322,765 $1,631,315 $1,416,059
Temporarily restricted net assets $15,275 $68,326 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $15,275 $68,326 $0 $30,158 $97,962
Total net assets $1,282,335 $1,311,501 $1,322,765 $1,661,473 $1,514,021

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Tina Alu

Number of employees

Source: IRS Form 990

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC

Board of directors
as of 11/22/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Moana Bentin

MIT Alumni Services

Randy Albelda

University of Massachcusetts

Hector Acevedo

MIT

Sally Benbasset

Retired Teacher

Victoria Bergland

Community Resident

Debbie Bonilla

Cambridge Public Schools

Gail Council

Riverside Community Care

Betty Dupont

City of Cambridge

Linda Montgomery

Community Resident

Elaine O'Reilly

Governmental Strategies, Inc.

Toni Preston

Retired HR Manager

Sara Resse-Monestime

Cambridge Public Schools

Organizational demographics

SOURCE: Self-reported; last updated 11/21/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data