77 Magazine House Inc
Nonprofit profile at a glance
- EIN
- 223041897
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2013, Form 990-EZ 2024
- Location
- Cambridge, MA, USA
- Phone
- 6174925559
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $180,187
- Expenses
- $142,753
- Assets
- $368,089
- Liabilities
- $496,440
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- LOUISE ELVING (PRESIDENT)
- VINCENT O'DONNELL (VICE PRESIDENT)
People named in this filing
- LOUISE ELVING (PRESIDENT)
- GEORGE BEAL (TREASURER)
- JOHN HIXSON (CLERK)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide residential, supported, and independent living facilities for those coping with chronic mental illnesses.
What it reported doing in 2024
Operated and maintained approximately 10 units of housing for low-income families who suffer with chronic mental illnesses, located in cambridge, Massachusetts.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 82
- Sustainability: 68
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.2%; rating input score 79
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20.8%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 2.58; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 1.35; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 79.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $143K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 10 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.