Hamilton House FY2024 filing

Providence, RI · Public charity (501(c)(3)) · Human Services

✓ Tax-deductible
Revenue
$266K
-24% vs prior year
Spent
$373K
To programs
69%
Net assets
$673K
By yearFY2020–FY2025
Revenue
$266K
FY2024▼ -24%
Revenue by fiscal year
FY2020$343K
FY2021$308K
FY2022$294K
FY2023$349K
FY2024$266K
FY2025$333K
Expenses
$373K
FY2024▼ -12%
Expenses by fiscal year
FY2020$322K
FY2021$238K
FY2022$275K
FY2023$425K
FY2024$373K
FY2025$337K
Net assets
$673K
FY2024▼ -3%
Net assets by fiscal year
FY2020$713K
FY2021$807K
FY2022$738K
FY2023$694K
FY2024$673K
FY2025$686K

From the FY2024 Form 990 (year ending September 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CHamilton House
EINHdr · item D23-7188201
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1972
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CProvidence, RI
NTEE classificationIRS BMFHuman Services (P81Z)
WebsiteHdr · item Jwww.historichamilton.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.30 Fundraising $0.01
Program services69%$259K
Management & general30%$112K
Fundraising1%$2K
Total functional expensesLn 25$373K

Financial health

Is it on solid ground?

Program efficiency
69%
of spending reaches programs
Operating runway
22.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$742K
FY2024▲ +5%
Total assets by fiscal year
FY2020$753K
FY2021$851K
FY2022$807K
FY2023$709K
FY2024$742K
FY2025$747K
Total liabilities
$69K
FY2024▲ +340%
Total liabilities by fiscal year
FY2020$39K
FY2021$44K
FY2022$69K
FY2023$16K
FY2024$69K
FY2025$62K
Revenue less expensesPt I · Ln 19−$108K
Total assetsPt X · Ln 16$742K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$102K
Total assetsLn 16$742K
Total liabilitiesLn 26$69K
Total net assetsLn 32$673K
Months of cash on handcomputed3.3

Statement of Revenue

Part VIII
Contributions & grants$146K · 55%
Other revenue$61K · 23%
Program service revenue$54K · 20%
Investment income$4K · 1%
Contributions & grants55%$146K
Other revenue23%$61K
Program service revenue20%$54K
Investment income1%$4K
Total revenueLn 12$266K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $690K · Operating expenses/yr $373K
22.2 months
Where the money goes
Program services
Program services $259K · Total expenses $373K
69%
Management & General
Management & general $112K · Total expenses $373K
30%
Fundraising
Fundraising $2K · Total expenses $373K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $187K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $266K
55%
Government reliance
Government grants — · Total revenue $266K
—
Earned-income share
Program service revenue $54K · Total revenue $266K
20%
Investment reliance
Investment income $4K · Total revenue $266K
+1%
Program self-sufficiency
Program service revenue $54K · Total expenses $373K
14%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $349K
-24%
Revenue CAGR
FY2019 $343K · FY2023 $266K
-6%
Net-asset trend (YoY)
End of year $673K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $373K
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $742K
—
Net-asset ratio
Net assets $673K · Total assets $742K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $588K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $742K
79%
People & payroll
Highest Reported Total Compensation
Individual Kerry Altman · Reported title EXECUTIVE DI · Highest reported compensation $56K · Total expenses $373K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $181K · Total expenses $373K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 30%——
Fundraising cost ratio 2%——
Revenue growth -24%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$55,865Pt VII · Sec A
$43,077Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chloe Clasper - Torch’s $70K as Executive Di is at the 60th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kerry Altman—$55,865$78,281$80,767$57,642$24,692
Chloe Clasper - Torch$69,732$43,077————
Jessica Haley————$4,281$49,280

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Hamilton House is a human services nonprofit based in Providence, RI.

Provided by the organization

This section is blank until Hamilton House claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $259K of program spending, described in the organization's own filed words · FY2023.
01

Arts & crafts, foreign languages, music, library facilities, health maintenance programs, etc.

$245Kprogram expense
02

Activities Program

Trips - one day and extended trips for members. Trips are planned for entertainment and personal enrichment. Trips are led by professional guides.

$8Kprogram expense
03

Meals Program

Hot and cold noontime meals are provided monday thru friday each week. Emphasis upon nutritional meals presented in a social setting.

$6Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$77K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $333K$337K+25% 990 PDF
FY2024 Viewing $266K$373K-24% 990 PDF
FY2023 $349K$425K+19% 990 PDF
FY2022 $294K$275K-5% 990 PDF
FY2021 $308K$238K-10% 990 PDF
FY2020 $343K$322K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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