MIT Real Estate Foundation Inc

EIN: 043397800 501(c)(3) Science & Technology

Cambridge, MA

Total Revenue
$81,000
Total Expenses
$86,000
Total Assets
$4,249,000
Net Assets
$4,249,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Phone
6172534835
Tax Period
2024-07-01 to 2025-06-30

MIT Real Estate Foundation Inc, founded in 1997, is a micro nonprofit in the Science & Technology sector that reported $81K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Net assets of $4.2M represent 629 months of operating reserves.

Mission

TO HOLD REAL ESTATE AND ANY OTHER FORM OF PROPERTY FOR THE BENEFIT OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), OF CAMBRIDGE, MASSACHUSETTS, AND OTHERWISE TO AID, ASSIST AND ENABLE MIT TO CARRY OUT ITS EDUCATIONAL AND CHARITABLE PURPOSES, ALL WITHIN THE LIMITATIONS OF SECTION 501(C)(3) AND 509(A)(3) OF THE IRS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $81,000
TOTAL REVENUE $81,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,000
Other Expenses $86,000
TOTAL EXPENSES $86,000

Year-over-Year Comparison

2024 2023 Change
Revenue $81,000 $4,284,000 -1.0%
Expenses $86,000 $2,390,000 -1.0%
Net Income $-5,000 $1,894,000 -1.0%
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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Governance

Voting Members
1
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
2
$6,347,466
Total Directors
1
$4,462,390
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Seth Alexander President, Treasurer, and Clerk 1.0
Officer Director
$0 $617,315 $4,462,390
Patrick Rowe Assistant Treasurer and Assistant Clerk 1.0
Officer
$0 $297,050 $1,885,076
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 $81,000 $86,000 $4,249,000 $-5,000
2024 $4,284,000 $2,390,000 $4,754,000 $1,894,000
2023 $-1,595,000 $4,389,000 $2,816,000 $-5,984,000
2022 $6,016,000 $102,000 $8,819,000 $5,914,000
2021 $-155,000 $1,643,000 $3,185,000 $-1,798,000
2020 $3,315,000 $40,000 $4,514,000 $3,275,000
2019 $8,000 $8,000 $1,033,000 No data
2018 $1,203,000 $3,887,000 $1,033,000 $-2,684,000
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