Homework House Inc
- Assets
- $362.8k
- Revenue
- $454.6k
- Investments
- $0.0
- Employees
- 34
- Location
- Holyoke, MA
- Founding
- 09/2007
- Data as of
- 06/2023
- EIN
- 56-2666698
Organization Overview
Homework House Inc is located in Holyoke, MA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Homework House Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homework House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Homework House Inc generated $454.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $462.3k during the year ending 06/2023. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF FREE AFTER-SCHOOL TUTORING AND MENTORING FOR CHILDREN WHO ARE AT-RISK FOR ACADEMIC FAILURE AND DROPPING OUT OF SCHOOL. IMPROVEMENT OF LITERACY SKILLS AND REKINDLING THEIR INTERESTS IN LEARNING AND SELF-IMPROVEMENT. MANY CHILDREN WERE SERVED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Dillon Executive Dir. | Officer | 40 | $66,590 |
Gustavo Romero Trustee | Trustee | 1 | $0 |
Christina Elman Secretary | OfficerTrustee | 1 | $0 |
Shaun Epps Trustee | Trustee | 1 | $0 |
Jordan Hart Trustee | Trustee | 1 | $0 |
Kira Hill Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,212 |
| Membership dues | $0 |
| Fundraising events | $13,127 |
| Related organizations | $0 |
| Government grants | $242,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,935 |
| Total Program Service Revenue | $0 |
| Investment income | $421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,841 |
| Net Income from Fundraising Events | $39,105 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,590 |
| Compensation of current officers, directors, key employees. | $6,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $700 |
| Payroll taxes | $32,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,934 |
| Advertising and promotion | $9,947 |
| Office expenses | $10,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,967 |
| Travel | $453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,127 |
| Insurance | $7,247 |
| All other expenses | $2,494 |
| Total functional expenses | $462,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,598 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,584 |
| Net Land, buildings, and equipment | $51,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $362,784 |
| Accounts payable and accrued expenses | $24,753 |
| Grants payable | $0 |
| Deferred revenue | $13,312 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,065 |
| Net assets without donor restrictions | $304,319 |
| Net assets with donor restrictions | $20,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $362,784 |