Friends of Harvard Square Inc

EIN: 043577348 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$225,029
Total Expenses
$83,227
Total Assets
$152,632
Net Assets
$152,632
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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
2002
Legal Domicile
MA
Principal Officer
David DeSimone
Phone
6172334556
Tax Period
2023-01-01 to 2023-12-31

Friends of Harvard Square Inc, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2023. The organization ran a surplus of $142K, a strong 63% operating margin.

Mission

To restore, renovate, preserve or protect buildings of architectural historical, or cultural significance in Harvard Square, Cambridge, MA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,575
Program Service Revenue $0
Investment Income $454
Other Revenue $0
TOTAL REVENUE $225,029

Expense Breakdown

Grants Paid $83,227
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $83,227
Other Expenses $0
TOTAL EXPENSES $83,227

Year-over-Year Comparison

2023 2022 Change
Revenue $225,029 N/A N/A
Expenses $83,227 N/A N/A
Net Income $141,802 $0 N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David DeSimone President/Trustee 1.00
Officer Director
$0 $0 $0
David Schwartz Treasurer/Trustee 1.00
Officer Director
$0 $0 $0
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
2023 $225,029 $83,227 $152,632 $141,802
2017 $2,182 $2,772 $831 $-590
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