HOUSTON HOUSE FOUNDATION

EIN: 760314047 501(c)(3) Health Care

HOUSTON, TX

Total Revenue
$605,832
Total Expenses
$714,846
Total Assets
$23,873,891
Net Assets
$23,873,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TX
Principal Officer
TONY VISAGE
Phone
7137953581
Tax Period
2023-01-01 to 2023-12-31

HOUSTON HOUSE FOUNDATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $606K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $715K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE HOUSTON HOUSE FOUNDATION IS TO PROVIDE LONG-TERM FINANCIAL SUPPORT TO THE RONALD MCDONALD HOUSE CHARITIES GREATER HOUSTON, INC.

Program Service Accomplishments

Program 1
Expenses: $600,000

IN 2023, THE HOUSTON HOUSE FOUNDATION AND ITS TRUSTEES WORKED WITH RMH HOUSTON MANAGEMENT AND BOARD MEMBERS TO SECURE DONATIONS AND PLEDGES FOR AN ENDOWMENT FOR THE RMH HOUSTON HOLCOMBE HOUSE'S...

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IN 2023, THE HOUSTON HOUSE FOUNDATION AND ITS TRUSTEES WORKED WITH RMH HOUSTON MANAGEMENT AND BOARD MEMBERS TO SECURE DONATIONS AND PLEDGES FOR AN ENDOWMENT FOR THE RMH HOUSTON HOLCOMBE HOUSE'S PLAYGROUND AREA AND A FUND FOR RMH HOUSTON FAMILY EMERGENCY FINANCIAL NEEDS. THE DONOR-DESIGNATED PLAYGROUND FUND WILL BE USED TO SUPPORT FUTURE MAINTENANCE AND REPLACEMENT NEEDS OF THE PLAYGROUND. THE FAMILY EMERGENCY FUND WAS ESTABLISHED IN HONOR AND MEMORY OF AN RMH HOUSTON FOUNDING MEMBER, LIZ KELLEY. THE FUND IS INTENDED TO GROW SUCH THAT A PERCENTAGE OF THE EARNINGS EACH YEAR WILL BE USED BY RMH HOUSTON TO SUPPORT FAMILIES' EMERGENCY FINANCIAL NEEDS. THESE EXPENDITURES WOULD BE ADMINISTERED BY RMH HOUSTON MANAGEMENT AND SOCIAL WORK STAFF. THE HOUSTON HOUSE FOUNDATION SUPPORTED RMH HOUSTON IN 2023 WITH A $600,000 CONTRIBUTION FOR GENERAL OPERATING SUPPORT. THE HOUSTON HOUSE FOUNDATION TRUSTEES ALSO PROVIDE DIRECT AND INDIRECT PHILANTHROPIC SUPPORT TO THE FUNDRAISING ACTIVITIES OF RMH HOUSTON.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,145
Program Service Revenue $0
Investment Income $547,687
Other Revenue $0
TOTAL REVENUE $605,832

Expense Breakdown

Grants Paid $600,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $600,000
Other Expenses $114,846
TOTAL EXPENSES $714,846

Year-over-Year Comparison

2023 2022 Change
Revenue $605,832 $761,190 -0.2%
Expenses $714,846 $612,503 +0.2%
Net Income $-109,014 $148,687 -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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
8

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL D GROSSBARD TRUSTEE 2.00
Director
$0 $0 $0
DEBORAH S GIBSON TRUSTEE 2.00
Director
$0 $0 $0
JAMES WALSH TRUSTEE 2.00
Director
$0 $0 $0
TYLER LANE TRUSTEE VICE PRESIDENT & TREASURER 2.00
Officer Director
$0 $0 $0
TONY VISAGE TRUSTEE PRESIDENT 2.00
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
2024 No data No data No data No data
2023 $605,832 $714,846 $23,873,891 $-109,014
2022 $761,190 $612,503 $21,393,069 $148,687
2021 $2,323,735 $117,503 $25,539,769 $2,206,232
2020 $452,446 $591,467 $22,372,356 $-139,021
2019 $596,781 $593,589 $20,325,682 $3,192
2018 $1,742,211 $584,595 $17,656,354 $1,157,616
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