India Houseinc
- Assets
- $2.1m
- Revenue
- $143.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1938
- Data as of
- 12/2018
- EIN
- 13-5156110
Organization Overview
India Houseinc is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. India Houseinc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2018, India Houseinc generated $143.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $452.7k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL, INTELLECTUAL, AND RECREATIONAL ACTIVITY FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Lowman President | OfficerTrustee | 3 | $0 |
Louis Fd Kelley Vice President | OfficerTrustee | 3 | $0 |
Katherine L Shine Treasurer | OfficerTrustee | 3 | $0 |
Peter Kane Vice President | OfficerTrustee | 3 | $0 |
Lawrence Blascovich Governor | Trustee | 3 | $0 |
George F Gregor Governor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $146,532 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,341 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,619 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,981 |
| Advertising and promotion | $0 |
| Office expenses | $19,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,662 |
| Interest | $2,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,124 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $452,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 |
| Savings and temporary cash investments | $47,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,968 |
| Net Land, buildings, and equipment | $1,796,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,066,400 |
| Accounts payable and accrued expenses | $180,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $339,269 |
| Other liabilities | $200,896 |
| Total liabilities | $720,222 |
| Unrestricted restricted net Assets | $1,346,178 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,346,178 |
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