Civic Intelligence

Elmbrook Inc

990 • Fiscal year 2024 • EIN 22-2931400

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 19, 2025

25 Follen StCambridge, MA 02138

(617) 354-3204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$36,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

228%

Faster asset growth than 96% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$227,525

Up $158,151 (+228%) from 2023

Net Assets

Up

$227,525

Up $158,151 (+228%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$433,041

Up $45,900 (+12%) from 2023

Expenses

Down

$352,581

Down $44,748 (-11%) from 2023

Net Income

Up

$80,460

Up $90,648 (+890%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2009: $41,386Liabilities 2009: $02009Assets 2012: $66,842Liabilities 2012: $0Net Assets 2012: $66,8422012Assets 2013: $62,720Liabilities 2013: $0Net Assets 2013: $62,7202013Assets 2014: $35,958Liabilities 2014: $0Net Assets 2014: $35,9582014Assets 2015: $42,138Liabilities 2015: $0Net Assets 2015: $42,1382015Assets 2016: $43,006Liabilities 2016: $0Net Assets 2016: $43,0062016Assets 2017: $87,914Liabilities 2017: $0Net Assets 2017: $87,9142017Assets 2018: $39,373Liabilities 2018: $0Net Assets 2018: $39,3732018Assets 2019: $55,190Liabilities 2019: $0Net Assets 2019: $55,1902019Assets 2020: $91,389Liabilities 2020: $0Net Assets 2020: $91,3892020Assets 2021: $30,929Liabilities 2021: $0Net Assets 2021: $30,9292021Assets 2022: $79,562Liabilities 2022: $0Net Assets 2022: $79,5622022Assets 2023: $69,374Liabilities 2023: $0Net Assets 2023: $69,3742023Assets 2024: $227,525Liabilities 2024: $0Net Assets 2024: $227,5252024Assets 2025: $157,919Liabilities 2025: $0Net Assets 2025: $157,9192025

Highlighted filing

2024

Assets$227,525
Liabilities$0
Net Assets$227,525

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2009: $240,401Expenses 2009: $242,201Net Income 2009: -$1,8002009Revenue 2012: $315,331Expenses 2012: $323,943Net Income 2012: -$8,6122012Revenue 2013: $364,375Expenses 2013: $368,497Net Income 2013: -$4,1222013Revenue 2014: $385,405Expenses 2014: $412,167Net Income 2014: -$26,7622014Revenue 2015: $332,793Expenses 2015: $326,614Net Income 2015: $6,1792015Revenue 2016: $356,982Expenses 2016: $356,113Net Income 2016: $8692016Revenue 2017: $349,866Expenses 2017: $304,958Net Income 2017: $44,9082017Revenue 2018: $322,409Expenses 2018: $370,950Net Income 2018: -$48,5412018Revenue 2019: $356,616Expenses 2019: $340,799Net Income 2019: $15,8172019Revenue 2020: $443,334Expenses 2020: $407,135Net Income 2020: $36,1992020Revenue 2021: $287,359Expenses 2021: $347,819Net Income 2021: -$60,4602021Revenue 2022: $481,814Expenses 2022: $433,181Net Income 2022: $48,6332022Revenue 2023: $387,141Expenses 2023: $397,329Net Income 2023: -$10,1882023Revenue 2024: $433,041Expenses 2024: $352,581Net Income 2024: $80,4602024Revenue 2025: $328,928Expenses 2025: $367,846Net Income 2025: -$38,9182025

Highlighted filing

2024

Revenue$433,041
Expenses$352,581
Net Income$80,460
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 19, 2025
Return Version
2024v5.0
Gross Receipts
$433,212
Mission and Program Overview

Mission

Elmbrook operates a residence for eight people including university students and staff, and it features a Christian living environment, library and chapel. Elmbrook also provides instruction and service opportunities to an additional sixty students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,374$149,834▲ $80,460
Land, Buildings, and Equipment, Net-$77,691-
Total Assets$69,374$227,525▲ $158,151
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,374$227,525▲ $158,151
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$69,374$227,525▲ $158,151
Total Liabilities and Net Assets / Fund Balance$69,374$227,525▲ $158,151

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$44,683$1,472$46,155
Buildings$0$22,500$22,500
Land$22,500-$22,500
Equipment$10,508$3,171$13,679
Other Land Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kevin MajeresPresidentFT$36,000$36,000
Jeffrey LanganDirectorFT$24,000$24,000
Martin J MillerDirectorFT$12,000$12,000

Board Members and Trustees

NameTitle
Joseph BillmeierDirector
Sergio LeosDirector
David KorenchanClerk and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$232,850
Program Service Revenue
$200,191
Investment Income
$0
Other Revenue
$0
All Other Contributions
$232,850
Change in Net Assets
$80,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,269
Salaries, Compensation, and Employee Benefits$167,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$156,622--$156,622
Other Salaries and Wages$123,832--$123,832
Payroll Taxes$42,722--$42,722
Travel$11,721--$11,721
Insurance$6,829--$6,829
Fees for Services Accounting-$3,535-$3,535
Depreciation Depletion-$3,167-$3,167
Conferences and Meetings$2,440--$2,440
Other Employee Benefits$758--$758
Information Technology$538--$538
Advertising$304--$304
Fees for Services Other-$113-$113
Total Functional Expenses$345,766$6,815$0$352,581
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Two officers of the corporation prepared and reviewed the Form 990 and provided a copy to all the directors via email.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers is required annually to sign a statement that affirms such person: (a) Has received a copy of the conflicts of interest policy; (b) Has read and understands the policy; (c) Has agreed to comply with the policy; and (d) Understands the Corporation is charitable and in order to maintain its federal tax exemption must engage primarily in activities that accomplish one or more of its exempt purposes.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Elmbrook Inc
EIN
22-2931400
Phone
6173543204
Address
25 Follen St, Cambridge, MA 02138

Signing Officer

Name
David Korenchan
Title
Treasurer
Phone
6307237340
Signed
2025-04-19

Organization Details

Principal Officer
Kevin Majeres
Formed
1997
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Elmbrook prepares students to become dedicated professionals who advance their professions as a service to persons and society. Elmbrook operates a residence for eight persons including university students and staff, and it features a Christian living environment, library, and chapel. It also provides instruction and service opportunities to an additional sixty students, both undergraduate and graduate. The central activity is a mentoring program, which the center offers to local students free of charge. In addition, Elmbrook brings students together for evenings of conversation held at the center's facility, and for various seminars and retreats on technical, ethical, and professional topics. In cooperation with the Prelature of Opus Dei, the center offers spiritual resources for students, including the Sacraments of the Catholic Faith, religious instruction, and spiritual direction. We have one resident chaplain who is a priest of Opus Dei.

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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01472
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046155
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077691
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Elmbrook prepares students to become dedicated professionals who advance their professions as a service to persons and society. Elmbrook operates a residence for eight persons including university students and staff, and it features a Christian living environment, library, and chapel. It also provides instruction and service opportunities to an additional sixty students, both undergraduate and graduate. The central activity is a mentoring program, which the center offers to local students free of charge. In addition, Elmbrook brings students together for evenings of conversation held at the center's facility, and for various seminars and retreats on technical, ethical, and professional topics. In cooperation with the Prelature of Opus Dei, the center offers spiritual resources for students, including the Sacraments of the Catholic Faith, religious instruction, and spiritual direction. We have one resident chaplain who is a priest of Opus Dei.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Two officers of the corporation prepared and reviewed the Form 990 and provided a copy to all the directors via email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each director, principal officer and member of a committee with governing board delegated powers is required annually to sign a statement that affirms such person: (a) Has received a copy of the conflicts of interest policy; (b) Has read and understands the policy; (c) Has agreed to comply with the policy; and (d) Understands the Corporation is charitable and in order to maintain its federal tax exemption must engage primarily in activities that accomplish one or more of its exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069374
IRS990/TotalAssetsEOYAmt0227525
IRS990/TotalAssetsGrp/BOYAmt069374
IRS990/TotalAssetsGrp/EOYAmt0227525
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0232850
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0345766
IRS990/TotalFunctionalExpensesGrp/TotalAmt0352581
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0227525
IRS990/TotalOtherCompensationAmt072000
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0345766
IRS990/TotalProgramServiceRevenueAmt0200191
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200191
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433041
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0227525
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt011721
IRS990/TravelGrp/TotalAmt011721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt025 Follen St
IRS990/USAddress/CityNm0Cambridge
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.elmbrookcenter.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Korenchan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06307237340
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELMBROOK INC
ReturnHeader/Filer/BusinessNameControlTxt0ELMB
ReturnHeader/Filer/EIN0222931400
ReturnHeader/Filer/PhoneNum06173543204
ReturnHeader/Filer/USAddress/AddressLine1Txt025 Follen St
ReturnHeader/Filer/USAddress/CityNm0Cambridge
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-28T19:42:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$3.29$3.68$0.39
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$4.33$3.53$0.80
2023Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$3.87$3.97$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$4.82$4.33$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$2.87$3.48$0.60
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$4.43$4.07$0.36
2019Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$3.57$3.41$0.16
2018Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$3.22$3.71$0.49
2017Summary only. Only limited summary data is available for this year.$0.88$0.00$0.88$3.50$3.05$0.45
2016Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$3.57$3.56$0.01
2015Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$3.33$3.27$0.06
2014Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$3.85$4.12$0.27
2013Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$3.64$3.68$0.04
2012Summary only. Only limited summary data is available for this year.$0.67$0.00$0.67$3.15$3.24$0.09
2009Summary only. Only limited summary data is available for this year.$0.41$0.00$2.40$2.42$0.02