The House Inc

Nonprofit profile at a glance

EIN
202947568
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Woodbridge, VA, USA
Phone
7039095459
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,874,938
Expenses
$3,885,989
Assets
$1,577,479
Liabilities
$129,238

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • HELEN MCCORMICK (PRESIDENT)
  • TODD MCCORMICK (EXECUTIVE DIRECTOR)
  • RON MCCORMICK (VICE PRESIDENT)

Highest reported compensation

  • HELEN MCCORMICK (PRESIDENT): $168,385 total reported compensation
  • TODD MCCORMICK (EXECUTIVE DIRECTOR): $129,850 total reported compensation
  • JESSICA STREUFERT (KEY EMPLOYEE): $110,510 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The House, Inc. after-effects lower disparities and respond to key points that emphasize student learning and development through program services, addressing more than one critical challenge concurrently. The House, Inc.s initiatives work to improve health, education, and promote employment outcomes outside of The House, Inc. in the disturbing and hugely unequal impacts often falling along lines of race and class. The House, Inc.s scope of activities and programs eliminate barriers to full participation in student career trajectories.

What it reported doing in 2024

The House, Inc. builds capabilities in youth by equipping pre-teens and teens with the skills and tools they need to achieve the potential for their own success, offering a better on ramp to higher education and career preparedness through leadership development, academic enrichment, upskilling programs, and total health initiatives. The House, Inc.s HANGRY Truck is a mobile food market and street kitchen. This anti-hunger initiative addresses real commmunity problems and brings food assistance and hot meals to food insecure children and families in neighborhoods overlooked by traditional systems impacted by long-standing inequalities. Because of The House, Inc.s guidance, EmpowerMEnt (Trademarked) connects relevant education for the development of youth as global leaders. A developed social justice initiative, the National Capital A Cinderella Ball, is a youth advocacy capstone project of The House, Inc.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 65
  • Accountability: 43
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.2%; rating input score 96
  • Program expense ratio: 95.9%; rating input score 96
  • Fundraising efficiency: $207.63 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.3%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 11.9%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 9.2% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 10.3% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 96.2% of revenue deployed · 95.9% of spending went to programs
  • Governance: 3 of 6 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.7M in reported program spending
  • Leadership: top reported pay $168K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.