Harvard Real Estate - Allston Inc - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

6174957792

Tax Period

2024-07-01 to 2025-06-30

Harvard Real Estate - Allston Inc, founded in 1997, is a mid-sized nonprofit in the Unknown sector that reported $11.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $10.9M left a modest 4% surplus.

Mission

THE ORGANIZATION ACQUIRES REAL PROPERTY, HOLDS TITLE TO, AND MANAGES SUCH PROPERTY ON BEHALF OF HARVARD UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $10,945,375 Revenue: $11,334,678

THE ORGANIZATION HAS BEEN ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM...

THE ORGANIZATION HAS BEEN ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM SUCH PROPERTY (LESS EXPENSES) TO PRESIDENT AND FELLOWS OF HARVARD COLLEGE, AN ORGANIZATION DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. DURING THE YEAR ENDED JUNE 30, 2025, THE ORGANIZATION SERVED 60 TENANTS, INCLUDING 48 COMMERCIAL TENANTS, 2 UNIVERSITY TENANTs AND 10 RESIDENTIAL TENANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,334,678

Investment Income $94,357

Other Revenue $0

TOTAL REVENUE $11,429,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,945,375

Other Expenses $10,945,375

TOTAL EXPENSES $10,945,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,429,035	$10,554,893	+0.1%
Expenses	$10,945,375	$11,526,668	-0.1%
Net Income	$483,660	$-971,775	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,723,290

Total Directors

$2,948,565

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG MCCURLEY	VICE PRESIDENT & DIRECTOR	1.0	Officer Director	$0	$43,577	$435,703
JUSTIN D STRATMAN	VICE PRESIDENT & DIRECTOR	10.0	Officer Director	$0	$65,843	$343,096
MEREDITH WEENICK	PRESIDENT, ASST. TREAS., & DIRECTOR	0.5	Officer Director	$0	$57,623	$882,830
RITU KALRA	VICE PRESIDENT, ASST. TREASURER & DIRECTOR	1.0	Officer Director	$0	$74,375	$721,071
SEAN CARON	SENIOR VP, ASST. TREASURER & DIRECTOR	1.0	Officer Director	$0	$75,695	$565,865
ELAINE FULTON	TREASURER	1.0	Officer	$0	$48,083	$339,912
HAMILTON HACKNEY	SECRETARY	1.0	Officer	$0	$44,578	$434,813

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$11,429,035	$10,945,375	$156,392,326	$483,660
2024	No data	No data	No data	No data
2023	$10,385,749	$10,449,386	$155,219,520	$-63,637
2022	$8,474,487	$9,238,390	$154,187,884	$-763,903
2021	$7,488,293	$7,999,214	$149,449,226	$-510,921
2020	$6,593,663	$8,069,817	$147,003,270	$-1,476,154
2019	$6,250,317	$8,031,374	$146,689,535	$-1,781,057
2018	$6,667,251	$11,164,623	$146,473,912	$-4,497,372

Harvard Real Estate - Allston Inc