Harvard Real Estate Inc
Overview
Mission
Harvard real estate, inc. (hre, inc.) provides real estate services to president and fellows of harvard college ("harvard university") community members.
What it reported doing in 2024
The brokerage services that were directly provided by hre, inc. Are now provided through a related organization.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 042649303
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Cambridge, MA, USA
- Phone
- 6174957792
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 57
- Accountability: 32
- Sustainability: 1
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -21.2% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -12.7% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $883K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 217 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
6 people listed
Highest reported compensation
- MEREDITH WEENICK (PRESIDENT, ASST. TREASURER & DIRECTOR): $882,830 total reported compensation
- SEAN CARON (SENIOR VP, ASST. TREASURER & DIRECTOR): $565,865 total reported compensation
- HAMILTON HACKNEY (CLERK): $434,813 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.