Home Energy Efficiency Team Inc
Nonprofit profile at a glance
- EIN
- 800388618
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025
- Location
- Boston, MA, USA
- Phone
- 5169004338
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Home Improvement and Repairs
Reported finances
- Revenue
- $2,129,962
- Expenses
- $2,507,184
- Assets
- $1,774,752
- Liabilities
- $179,437
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ANA MARIA CAMARGO (PRESIDENT)
- ZEYNEB MAGAVI (EXECUTIVE DIRECTOR)
Highest reported compensation
- NOPALZIN TORRES (DIRECTOR OF FINANCE): $126,590 total reported compensation
- ZEYNEB MAGAVI (EXECUTIVE DIRECTOR): $95,637 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To evolve the energy system to meet the needs of the future.
What it reported doing in 2025
We proposed a novel utility using single-pipe ambient geothermal networks that allows existing gas utilities and other entities to modernize and future-proof infrastructure investments while growing good jobs, lowering energy costs and emissions, and improving safety, reliability, security, health and comfort. The first gas to geo install is operational, serving 140 customers well, and we designed an expansion. Heet has built a techno economic model, launched a database, launched the first geothermal technician training, and developed and led a scalable community-initiated project approach to build a growing pipeline of projects across the country. We are engaged in innovation, education, and policy to make the thermal opportunity reality.
Operating model
- Revenue model
- Grant-funded. 62% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 87% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91%; rating input score 91
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: $10.99 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.7%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 34.1% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 24.1% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 91% of revenue deployed · 77.2% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $127K · 10 people listed
- Highest-paid contractors: 3 contractors listed · $441K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 6 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.