Seven Hills Foundation Inc
- Assets
- $186.3m
- Revenue
- $23.0m
- Investments
- $2.3m
- Employees
- 5,045
- Location
- Worcester, MA
- Founding
- 03/1999
- Data as of
- 06/2020
- EIN
- 04-3293659
Organization Overview
Seven Hills Foundation Inc is located in Worcester, MA. The organization was established in 1999. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Seven Hills Foundation Inc employed 5,045 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Seven Hills Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Seven Hills Foundation Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $15.5m during the year ending 06/2020. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-THREE AFFILIATES UNDER COMMON CONTROL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-THREE AFFILIATES UNDER COMMON CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joseph Tosches Dba Former Executive Vp/coo | 40 | $1,097,030 | |
Dr David A Jordan Dha President | Officer | 40 | $593,734 |
Dr Kathleen Jordan Dha Executive Vp/ceo | Officer | 40 | $271,344 |
Michael Matthews Sr VP Of Business And Fina | Officer | 40 | $206,816 |
Marilyn Lopez-Haddad VP Human Resources | Officer | 40 | $153,674 |
William Stock VP For Govt And Comm Relat | 40 | $140,971 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bollus Lynch Audit | 6/29/21 | $137,649 |
Netsmart Technologies It/software | 6/29/21 | $369,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,485,426 |
| Investment income | $1,419,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $396,569 |
| Net Gain/Loss on Asset Sales | $506,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $200,103 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,046,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,043,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,064,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,178,114 |
| Payroll taxes | $478,096 |
| Fees for services: Management | $165,000 |
| Fees for services: Legal | $242,908 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $249,721 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $965,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $649,468 |
| Interest | $581,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $718,087 |
| Insurance | $190,550 |
| All other expenses | $0 |
| Total functional expenses | $15,513,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155,676 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,691 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $44,794,856 |
| Investments—other securities | $2,268,874 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,602,552 |
| Total assets | $186,253,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $88,357,157 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,169,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,900,172 |
| Total liabilities | $124,427,116 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $61,826,749 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Seven Hills Foundation Inc has recieved totaling $74,679.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $45,932 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: FAMILY RESOURCE CENTER OPERATING SUPPORT | $12,500 |
United Way Of South Central Massachusetts Inc Southbridge, MA PURPOSE: ASOST-R | $11,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,247 |
Endowment Analysis
| Beg. Balance | $34,848,664 |
| Earnings | $9,054,313 |
| Other Expense | $1,094,994 |
| Ending Balance | $42,807,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonotuck Resource Associates Northampton, MA | $18,873,235 | $49,340,481 |
Behavioral Health & Developmental Services Of Stafford County Inc Dover, NH | $15,344,389 | $51,511,437 |
Road To Responsibility Inc Marshfield, MA | $19,565,169 | $50,589,105 |
Nysarc Inc Williamsville, NY | $31,860,300 | $46,137,521 |
Nysarc Inc Montgomery County Chapter Amsterdam, NY | $44,455,992 | $44,789,753 |
Berkshire County Arc Inc Pittsfield, MA | $12,681,001 | $47,437,014 |
Consumer Directed Choices Albany, NY | $21,497,712 | $46,559,698 |
Center For Family Support Inc New York, NY | $27,265,278 | $49,190,549 |
Nysarc Inc Port Henry, NY | $36,303,802 | $46,373,007 |
Franziska Racker Centers Inc Ithaca, NY | $26,737,255 | $41,949,573 |
Community Services For Every1 Inc Buffalo, NY | $25,615,845 | $41,228,210 |
Iri Innovative Resources For Independence Inc Queens Village, NY | $57,255,612 | $54,242,990 |