Housecorp INC

EIN 23-7091484 Mutual-benefit / member-serving Cambridge, MA
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Revenue & expenses by yearFY2021–FY2025
Revenue
$292K
FY2025▼ -10%
Expenses
$251K
FY2025▼ -18%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Provides housing and community for MIT students. For fiscal year 2025 it reported $292K in revenue, $251K in expenses, and $851K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Cambridge, MA
Filings
5 on file (2021–2025)
Revenue
$292KFY2025
Expenses
$251K
Net assets
$851K
People
7
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Provided by the organization

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Size
$100K–1M
What they do
Provides housing and community for MIT students.
Leadership
Sasha Rickard · President & Director
Money in and out
$292K revenue, $251K expenses
Bottom line
+14% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Massachusetts Institute of Technology

1 distinct foundation funder(s) on file, $52K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

95% to programs

95% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -10% vs prior year

Revenue band $100K–1M, -10% versus the prior filing year (down). See detail →

Reported financial activity · FY2025
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$851K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Surplus margin
+14%
revenue over expenses, this year▲ +167% vs prior filing year
Program spending
95%
of expenses reach programs▼ -2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$856K
FY2025▲ +5%
Total liabilities
$6K
FY2025▼ -27%
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$856K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CHousecorp INC
EINHdr · item D23-7091484
Principal addressHdr · item CCambridge, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMF0000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & Director
$0Pt VII · Sec A
Clerk & Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
Assistant Clerk & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Housecorp INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $237K of program spending, described in the organization's own filed words · FY2024.
01

The housecorp residence houses approximately 34 students, sponsors ALUMNI/HOUSE social events, holds weekly study breaks, and funds regular maintenance on the property.

$237Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$291K
Contributions & grants$861
Investment income$5
Total revenueLn 12$292K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$237K
Management & general5%$13K
Total functional expensesLn 25$251K

Balance Sheet

Part X · end of year
CashLn 1$454K
Total assetsLn 16$856K
Total liabilitiesLn 26$6K
Total net assetsLn 32$851K
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $454K · Operating expenses/yr $251K
21.7 months
Where the money goes
Program services
Program services $237K · Total expenses $251K
95%
Management & General
Management & general $13K · Total expenses $251K
5%
Fundraising
Fundraising $0 · Total expenses $251K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $6K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $861 · Total revenue $292K
0.3%
Government reliance
Government grants — · Total revenue $292K
—
Earned-income share
Program service revenue $291K · Total revenue $292K
100%
Investment reliance
Investment income $5 · Total revenue $292K
<0.01%
Program self-sufficiency
Program service revenue $291K · Total expenses $251K
116%
Growth & trend
Revenue growth (YoY)
This year $292K · Prior year $323K
-10%
Revenue CAGR
FY2020 $39K · FY2024 $292K
+65%
Net-asset trend (YoY)
End of year $851K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $292K · Expenses $251K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $856K
—
Net-asset ratio
Net assets $851K · Total assets $856K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $856K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sasha Rickard · Reported title PRESIDENT & DIRECTOR · Highest reported compensation $0 · Total expenses $251K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $251K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Revenue growth -10%——
Accounting fee ratio 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$52K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$292K revenue · viewing · ⤓ 990 PDF
FY2024$323K revenue · ⤓ 990 PDF
FY2023$275K revenue · ⤓ 990 PDF
FY2022$285K revenue · ⤓ 990 PDF
FY2021$39K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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