Harvard Real Estate - Allston Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043373410 ✦ Cambridge, MA ✦ Designated as a 501(c)(25)

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Overview

What is Harvard Real Estate - Allston Inc?

Harvard Real Estate - Allston Inc is a nonprofit organization located at 1033 Massachusetts Avenue, Cambridge, MA 02138. Its primary purpose is to acquire real property and manage it on behalf of Harvard University, as per the Internal Revenue Code section 501(c)(3). The organization serves various tenants, including 57 commercial and 8 residential entities, and its income from these properties is remitted back to Harvard University. Overall, Harvard Real Estate - Allston Inc plays a vital role in property acquisition and management, contributing to Harvard University's operations.

Is Harvard Real Estate - Allston Inc legitimate?

Harvard Real Estate - Allston Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Harvard Real Estate - Allston Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Harvard Real Estate - Allston Inc?

Harvard Real Estate - Allston Inc. is an organization tasked with acquiring real property, maintaining ownership, and managing these properties on behalf of Harvard University. Its primary objective is to collect income from these properties and subsequently remit the entire income (after deducting expenses) to Harvard University, a non-profit organization under Section 501(c)(3) of the Internal Revenue Code. During the fiscal year ending June 30, 2022, the organization served a total of 65 tenants, including 57 commercial entities and 8 residential tenants.

Who is the CEO of Harvard Real Estate - Allston Inc?

Unavailable

What is the revenue of Harvard Real Estate - Allston Inc?

Harvard Real Estate - Allston Inc's revenue in 2022 was $8,474,487.

Who are the executives of Harvard Real Estate - Allston Inc and what are their salaries?


Here are 8 key members and their salaries:


Craig Mccurley (Vice President & Director)
  • Compensation: $0
  • Related: $350,427
  • Other: $36,565
Katherine N Lapp (President, Asst. Treasurer & Director)
  • Compensation: $0
  • Related: $736,446
  • Other: $47,393
Meredith Weenick (Senior Vp, Asst. Treasurer & Director)
  • Compensation: $0
  • Related: $473,180
  • Other: $46,017
Sean Caron (Vice President, Asst. Treasurer & Director)
  • Compensation: $0
  • Related: $271,033
  • Other: $63,363
Thomas J Hollister (Vice President, Asst. Treasurer & Director)
  • Compensation: $0
  • Related: $544,795
  • Other: $69,139
Paul Massaro (Treasurer & Secretary)
  • Compensation: $0
  • Related: $292,205
  • Other: $65,871
Carolee Hill (Former Vice President, Asst. Treasurer & Director)
  • Compensation: $0
  • Related: $264,393
  • Other: $1,967
Daniel S Rabinovitz (Former Secretary)
  • Compensation: $0
  • Related: $281,604
  • Other: $0
Where can I find the form 990 for Harvard Real Estate - Allston Inc?

Harvard Real Estate - Allston Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Harvard Real Estate - Allston Inc

Harvard Real Estate - Allston Inc, as a nonprofit organization, is dedicated to acquiring real property, maintaining ownership, and managing these properties on behalf of Harvard University. Its primary mission is to collect income from these properties and then remit the entire amount, after deducting expenses, to Harvard University, an organization classified under Section 501(c)(3) of the Internal Revenue Code. During the fiscal year ending June 30, 2022, Harvard Real Estate - Allston Inc served a total of 65 tenants, including 57 commercial and 8 residential tenants. The organization's role is crucial in supporting Harvard University's real estate needs, ensuring the efficient management and income generation from its property portfolio.

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Impact




October, 2024

Harvard Real Estate - Allston Inc plays a pivotal role in supporting Harvard University through strategic real estate management. By acquiring and managing properties, the organization ensures that Harvard has a stable and productive asset base to facilitate its educational and research missions.

In managing real estate, the organization provides diverse spaces for a mix of 65 tenants, comprising both commercial and residential entities. This contributes not only to the university's income stream but also enhances the local economy by fostering business activity and providing housing options in Cambridge, MA.

The revenue generated from these properties is remitted to Harvard University, enabling further investment in academic programs, research initiatives, and community engagement efforts. This cycle of property management and fund allocation ultimately strengthens the university’s capacity to serve its educational objectives while positively impacting the surrounding community. Thus, Harvard Real Estate - Allston Inc effectively acts as a crucial link between Harvard University's institutional growth and the broader economic vitality of its location.




This information is meant to be a general summary of Harvard Real Estate - Allston Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,474,487 (2022)
Expenses
$9,238,390 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,272
  • Program Service Revenue: $8,473,215
  • Gross Receipts: $8,474,487

Assets and Liabilities:

  • Total Assets: $154,187,884
  • Total Liabilities: $56,082,456
  • Net Assets: $98,105,428

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REAL ESTATE RENTAL INCOME

Revenue

$8,472,940

Organization Details

Founding Year

1997

Main Address

1033 Massachusetts Avenue 3rd Fl, Cambridge, MA, 02138

NTEE Category

Code: Z99 - Unknown

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