Harvard Place INC: FY2021 Nonprofit Profile & Form 990 (EIN 22-3502747)

Revenue by fiscal year
FY2020	$245K
FY2021	$296K
FY2022	$304K
FY2023	$292K
FY2024	$296K
FY2025	$397K

Expenses by fiscal year
FY2020	$336K
FY2021	$327K
FY2022	$343K
FY2023	$361K
FY2024	$357K
FY2025	$353K

Net assets by fiscal year
FY2020	$639K
FY2021	$608K
FY2022	$570K
FY2023	$500K
FY2024	$439K
FY2025	$483K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $283K Management & general 13% · $44K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Lee Ventre

Assistant Clerk

$0Pt VII · Sec A

Janes Carbone

President

$0Pt VII · Sec A

Rebecca Schofield

Clerk

$0Pt VII · Sec A

Will Monson

Treasurer

$0Pt VII · Sec A

See Harvard Place INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and support for seniors in need.

Questions for Harvard Place INC

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1 program · $283K · in their own filed words · FY2020

01

Provide housing facilities and services to elderly people who may be disabled or handicapped.

$283Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $2.1M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$1.8M

Lower Income Housing Assistance Program_section 8 New Construction/Substantial RehabilitationDepartment of Housing and Urban Development · ALN 14.182 · Direct$288K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$296K

Ln 12

Fees for servicesLn 2g$276K

Other incomeLn 4–11$20K

Investment incomeLn 3$21

Money outPt IX

$327K

Ln 25

Programscol B$283K

Managementcol C$44K

Owns and owesPt X

$608K

net assets · Ln 32

Cash and savingsLn 1–2$54K

Total assetsLn 16$1.7M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$276K

Investment incomeLn 3$21

Other incomeLn 4–11$20K

Total revenueLn 12$296K

Assets in detailPt X, end of year

CashLn 1$12K

SavingsLn 2$42K

Cash and savings togetherLn 1–2$54K

Land, buildings, equipmentLn 10c$1.6M

Other assetsLn 15$5K

Total assetsLn 16$1.7M

LiabilitiesLn 26$1.1M

Net assetsLn 32$608K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$16K	$54K
Land, buildings, equipmentLn 10c	$1.7M	$1.6M
Total assetsLn 16	$1.7M	$1.7M
LiabilitiesLn 26	$1.1M	$1.1M
Net assetsLn 32	$639K	$608K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$41K	$24K	$16K
Management feesLn 11a	$23K	$23K
Legal feesLn 11b	$478	$478
Accounting feesLn 11c	$6K	$6K
Office expensesLn 13	$20K	$12K	$8K
OccupancyLn 16	$63K	$50K	$13K
Depreciation, depletion and amortizationLn 22	$82K	$82K
InsuranceLn 23	$29K	$29K
Other expenses (24a–d)Ln 24	$64K	$57K	$7K
Total functional expensesLn 25	$327K	$283K	$44K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 22, 2026	$397K	$353K	$44K	$483K	990 PDF
FY2024Filed with the IRS May 13, 2025	$296K	$357K	−$61K	$439K	990 PDF
FY2023Filed with the IRS May 13, 2024	$292K	$361K	−$70K	$500K	990 PDF
FY2022Filed with the IRS Apr 3, 2023	$304K	$343K	−$39K	$570K	990 PDF
FY2021 ViewingFiled with the IRS Mar 8, 2022	$296K	$327K	−$31K	$608K	990 PDF
FY2020Filed with the IRS Feb 9, 2021	$245K	$336K	−$91K	$639K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $296,201 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $234,147$276,297

I-10 Investment incomePrior year $44$21

I-11 Other revenuePrior year $12,644$19,883

I-12 Total revenuePrior year $246,835$296,201

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $64,490$40,717

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $271,603$286,397

I-18 Total expensesPrior year $336,093$327,114

I-19 Revenue less expensesPrior year −$89,258−$30,913

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $296,201 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,297$276,297

VIII-3 Investment incomeExcluded from tax $21$21

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,883$19,883

VIII-12 Total revenueRelated to mission $296,180 · Unrelated business $0 · Excluded from tax $21$296,201

Part IX · Statement of functional expenses $327,114 across 9 lines filed

IX-7 Other salaries and wagesPrograms $24,438 · Management $16,279$40,717

IX-11a Management feesPrograms $23,255$23,255

IX-11b Legal feesPrograms $478$478

IX-11c Accounting feesPrograms $5,650$5,650

IX-13 Office expensesPrograms $11,788 · Management $7,840$19,628

IX-16 OccupancyPrograms $50,353 · Management $12,906$63,259

IX-22 Depreciation, depletion and amortizationPrograms $81,704$81,704

IX-23 InsurancePrograms $28,861$28,861

IX-24 Other expenses (24a–d)Programs $56,765 · Management $6,797$63,562

IX-25 Total functional expensesPrograms $283,292 · Management $43,822 · Fundraising $0$327,114

Part X · Balance sheet $1,690,406 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $5,576$11,874

X-2 Savings and temporary cash investmentsStart of year $10,448$41,897

X-4 Accounts receivableStart of year $7,311$16,298

X-9 Prepaid expenses and deferred charges$4,677

X-10c Land, buildings and equipment, netStart of year $1,692,586$1,610,881

X-15 Other assetsStart of year $5,696$4,779

X-16 Total assetsStart of year $1,721,617$1,690,406

X-17 Accounts payable and accrued expensesStart of year $29,216$17,013

X-19 Deferred revenueStart of year $1,855$3,908

X-25 Other liabilitiesStart of year $60,299$70,151

X-26 Total liabilitiesStart of year $1,082,277$1,081,979

X-27 Net assets without donor restrictionsStart of year −$1,146,060−$1,176,973

X-28 Net assets with donor restrictionsStart of year $1,785,400$1,785,400

X-32 Total net assets or fund balancesStart of year $639,340$608,427

X-33 Total liabilities and net assetsStart of year $1,721,617$1,690,406

Part XI · Reconciliation of net assets $608,427 net assets at year end

XI-1 Total revenue$296,201

XI-2 Total expenses$327,114

XI-3 Revenue less expenses−$30,913

XI-4 Net assets at start of year$639,340

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$608,427

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Harvard Place INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Harvard Place INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV