HOMEWORK HOUSE INC

EIN: 562666698 501(c)(3) Education

HOLYOKE, MA

Total Revenue
$417,223
Total Expenses
$431,289
Total Assets
$331,123
Net Assets
$310,653
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MA
Phone
4132651017
Tax Period
2023-07-01 to 2024-06-30

HOMEWORK HOUSE INC, founded in 2007, is a small nonprofit in the Education sector that reported $417K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Homework House, Inc. provides free tutoring and mentoring for children who are at-risk for academic failure and dropping out of school. We give children a loving and caring environment. We help them improve their literacy skills so they can become productive members of our community. We work towards rekindling their interest in learning and self-improvement - one page at a time. Services are provided to school-age children without regard to race, religion, ethnicity or gender.

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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 $391,876
Program Service Revenue $0
Investment Income $430
Other Revenue $24,917
TOTAL REVENUE $417,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,306
Fundraising Expenses $4,212
Program Expenses $379,006
Other Expenses $85,983
TOTAL EXPENSES $431,289

Year-over-Year Comparison

2023 2022 Change
Revenue $417,223 $454,620 -0.1%
Expenses $431,289 $462,319 -0.1%
Net Income $-14,066 $-7,699 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
25
Volunteers
118

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
5
$66,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Virginia Dillon Left July 2024 Executive Dir. 40.00
Officer
$66,500 $0 $66,500
Jasarah Burgos Trustee 1.00
Director
$0 $0 $0
Christina Elman Trustee 1.00
Director
$0 $0 $0
Shaun Epps Trustee 1.00
Director
$0 $0 $0
Elizabeth Gourde Trustee 1.00
Director
$0 $0 $0
Kira Hill Secretary 1.00
Officer Director
$0 $0 $0
Jacara Youmans Trustee 1.00
Director
$0 $0 $0
William Hynes Treasurer 1.00
Officer Director
$0 $0 $0
Nayroby Rosa Vice President 1.00
Officer Director
$0 $0 $0
Jennifer Baril President 1.00
Officer Director
$0 $0 $0
Jennifer Warren Trustee 1.00
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
2024 $417,223 $431,289 $331,123 $-14,066
2023 $454,620 $462,319 $362,784 $-7,699
2022 $470,209 $415,418 $381,339 $54,791
2021 $440,126 $354,635 $299,951 $85,491
2020 $323,619 $341,429 $247,947 $-17,810
2019 $277,160 $294,154 $220,415 $-16,994
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