Housecorp Inc
- Assets
- $817.2k
- Revenue
- $323.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 00/0000
- Data as of
- 06/2024
- EIN
- 23-7091484
Organization Overview
Housecorp Inc is located in Cambridge, MA. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. Housecorp Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Housecorp Inc generated $323.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $306.1k during the year ending 06/2024. While expenses have increased by 8.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CLUB - STUDENT RESIDENCE AT MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSECORP RESIDENCE HOUSES APPROXIMATELY 33 STUDENTS, SPONSORS ALUMNI/HOUSE SOCIAL EVENTS, HOLDS WEEKLY STUDY BREAKS, AND FUNDS REGULAR MAINTENANCE ON THE PROPERTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sasha Rickard President & Director | OfficerTrustee | 1 | $0 |
Ryan Caveney Clerk & Director | OfficerTrustee | 1 | $0 |
Will Cummings Treasurer & Director | OfficerTrustee | 2 | $0 |
Tyler Kemp-Benedict Assistant Clerk & Director | OfficerTrustee | 1 | $0 |
Lauren Tencate Director | Trustee | 1 | $0 |
Jeff Jackson Director | Trustee | 1 | $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 | $1,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,207 |
| Total Program Service Revenue | $321,929 |
| Investment income | $5 |
| 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 | $323,141 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,821 |
| 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 | $1,463 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,247 |
| Insurance | $26,601 |
| All other expenses | $62,243 |
| Total functional expenses | $306,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,450 |
| Savings and temporary cash investments | $48,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,943 |
| 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 | $288,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,818 |
| Total assets | $817,232 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,576 |
| Total liabilities | $7,576 |
| Net assets without donor restrictions | $0 |
| 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 | $809,656 |
| Total liabilities and net assets/fund balances | $817,232 |