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Caleb Development Corporation is a private corporation based in LYNN, MA. The foundation received its IRS ruling in 1997. The principal officer is Joan B Sawyer. It holds total assets of $9.8M. Annual income is reported at $2.2M. Total assets have grown from $5.9M in 2011 to $10.1M in 2023. The foundation is governed by 9 officers and trustees. Provide low income housing. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Caleb Development Corporation has made 4 grants totaling $607K, with a median grant of $172K. Annual giving has decreased from $223K in 2020 to $39K in 2023. Grantmaking activity was highest in 2022 with $344K distributed across 2 grants. Individual grants have ranged from $39K to $223K, with an average award of $152K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Provide low income housing
Expenses: $2.4M
Provide low income housing. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MA.
Caleb Development Corporation has distributed a total of $607K across 4 grants. The median grant size is $172K, with an average of $152K. Individual grants have ranged from $39K to $223K.
Caleb Development Corporation typically selects its grantees rather than accepting unsolicited proposals.
Caleb Development Corporation is headquartered in LYNN, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathryn Burns | CLERK | $0 | $0 | N/A |
| Robert Snow | TREASURER EMERITUS | $0 | $0 | N/A |
| Bessy Kong | DIRECTOR | $0 | $0 | N/A |
| Vince O'Donnell | TREASURER | $0 | $0 | N/A |
| Roxie Severance | CHAIRPERSON | $0 | $0 | N/A |
| Gigi Guyton-Thompson | DIRECTOR | $0 | $0 | N/A |
| Joni Boissonneault | DIRECTOR | $0 | $0 | N/A |
| Matt Lincoln | DIRECTOR | $0 | $0 | N/A |
| Holly Burbank | VICE CHAIRPERSON | $0 | $0 | N/A |
Total Giving
$2.7M
Total Assets
$10.1M
Fair Market Value
$10.1M
Net Worth
$140K
Grants Paid
$39K
Contributions
$647K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$607K
Average Grant
$152K
Median Grant
$172K
Unique Recipients
1
Most Common Grant
$172K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Caleb Foundation IncAFFORDABLE HOUSING | Lynn, MA | $39K | 2023 |