The House Inc
- Assets
- $1.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Woodbridge, VA
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-2947568
Organization Overview
The House Inc is located in Woodbridge, VA. The organization was established in 2005. 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. As of 12/2023, House Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, House Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HOUSE, INC.'S OUT-OF-SCHOOL PROGRAMS FOCUS ON PRE-TEENS AND TEENS TO GUIDE YOUNG PEOPLE THROUGH HIGH-SCHOOL AND ON TO COLLEGE ACCESS, GIVING THE NEXT GENERATION OF LEADERS THE TOOLS THEY NEED TO BUILD THE WORLD THEY WANT TO SEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSE, INC. BUILDS CAPABILITIES IN YOUTH BY EQUIPPING PRE-TEENS AND TEENS WITH THE SKILLS AND TOOLS THEY NEED TO ACHIEVE THE POTENTIAL FOR THEIR OWN SUCCESS, OFFERING A BETTER ON RAMP TO HIGHER EDUCATION AND CAREER PREPAREDNESS THROUGH LEADERSHIP DEVELOPMENT, ACADEMIC ENRICHMENT, UPSKILLING PROGRAMS, AND TOTAL HEALTH INITIATIVES. THE HOUSE, INC.'S HANGRY TRUCK IS A MOBILE FOOD MARKET AND STREET KITCHEN. THIS ANTI-HUNGER INITIATIVE ADDRESSES REAL COMMMUNITY PROBLEMS AND BRINGS FOOD ASSISTANCE AND HOT MEALS TO FOOD INSECURE CHILDREN AND FAMILIES IN NEIGHBORHOODS OVERLOOKED BY TRADITIONAL SYSTEMS IMPACTED BY LONG-STANDING INEQUALITIES. BECAUSE OF THE HOUSE, INC.'S GUIDANCE, EMPOWERMENT (TRADEMARKED) CONNECTS RELEVANT EDUCATION FOR THE DEVELOPMENT OF YOUTH AS GLOBAL LEADERS. A DEVELOPED SOCIAL JUSTICE INITIATIVE, THE NATIONAL CAPITAL A CINDERELLA BALL, IS A YOUTH ADVOCACY CAPSTONE PROJECT OF THE HOUSE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Mccormick President | OfficerTrustee | 40 | $140,500 |
Todd Mccormick Executive Director | OfficerTrustee | 40 | $104,038 |
Ron Mccormick Vice President | OfficerTrustee | 40 | $49,374 |
Tamela Dashiel Board Of Directors | Trustee | 0.5 | $0 |
Doris Dippel Board Of Directors | Trustee | 25 | $30,390 |
Quintin Durden Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,180,445 |
| Noncash contributions included in lines 1a–1f | $2,543,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,305,445 |
| Total Program Service Revenue | $639,217 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,944,662 |
| 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. | $293,911 |
| Compensation of current officers, directors, key employees. | $29,391 |
| Compensation to disqualified persons | $431,567 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,055 |
| Payroll taxes | $38,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $332,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,197 |
| Insurance | $38,001 |
| All other expenses | $0 |
| Total functional expenses | $3,925,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,000 |
| Accounts receivable, net | $57,966 |
| 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 | $0 |
| Net Land, buildings, and equipment | $594,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,500 |
| Total assets | $1,624,983 |
| Accounts payable and accrued expenses | $0 |
| 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 | $165,691 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,691 |
| Net assets without donor restrictions | $1,459,292 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,624,983 |