HARVARD PLACE INC (EIN 223502747) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

LOUISE ELVING

Phone

6174925559

Tax Period

2024-07-01 to 2025-06-30

HARVARD PLACE INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $397K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $353K left a modest 11% surplus.

Mission

PROVIDE HOUSING FOR THE ELDERLY.

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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 $394,860

Investment Income $171

Other Revenue $1,579

TOTAL REVENUE $396,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,317

Fundraising Expenses $0

Program Expenses $285,535

Other Expenses $265,740

TOTAL EXPENSES $353,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,610	$296,241	+0.3%
Expenses	$353,057	$356,991	0.0%
Net Income	$43,553	$-60,750	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BOMBARD	DIRECTOR	1.00	Director	$0	$0	$0
DELFINE MASONGO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE ELVING	PRESIDENT	1.00	Officer	$0	$0	$0
GEORGE BEAL	TREASURER	1.00	Officer	$0	$0	$0
JOHN HIXSON	CLERK	1.00	Officer	$0	$0	$0
VINCENT O'DONNELL	VICE PRESIDENT	1.00	Officer	$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
2025	$396,610	$353,057	$1,597,864	$43,553
2024	No data	No data	No data	No data
2023	$291,915	$361,476	$1,603,325	$-69,561
2022	$304,446	$343,315	$1,646,652	$-38,869
2021	$296,201	$327,114	$1,690,406	$-30,913
2020	$244,926	$336,093	$1,721,617	$-91,167
2019	$269,341	$282,784	$1,783,363	$-13,443
2018	$225,468	$294,282	$1,790,810	$-68,814

HARVARD PLACE INC