Seven Homes Inc
- Assets
- $1.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 32
- Location
- Greensboro, NC
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 56-1907860
Organization Overview
Seven Homes Inc is located in Greensboro, NC. The organization was established in 1998. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Seven Homes Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Homes 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 12/2021, Seven Homes Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REACH OUT TO YOUTH IN NEED OF LOVE, SAFETY, AND STABILITY. THE THERAPEUTIC VISION OF THIS MISSION IS TO SERVE THE NEEDS OF THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVEN HOMES IS A TRADITIONAL FOSTER CARE PROGRAM THAT OFFERS A SUPPORTIVE AND NURTURING SYSTEM FOR BOTH THE FOSTER CHILD AND FOSTER FAMILY. FOSTER PARENTS WORK IN PARTNERSHIP WITH THE STAFF OF SEVEN HOMES. OUR FOSTER PARENTS ENJOY AND EXERCISE AUTONOMY OVER THE MANAGEMENT OF THEIR FOSTER CHILDREN WITHIN A SUPERVISED PROGRAM TO ENSURE THE NEEDS OF THE CHILD, FOSTER FAMILY AND BIRTH FAMILY ARE BEING MET.
OUR ADOPTION PHILOSOPHY IS DRIVEN BY OUR DESIRE TO FIND PERMANENCY FOR CHILDREN IN FOSTER CARE. SEVEN HOMES ONLY PROVIDES ADOPTION SERVICES FOR CHILDREN IN FOSTER CARE. SEVEN HOMES DOES NOT PROVIDE PRIVATE ADOPTION OR INTERNATIONAL ADOPTION SERVICES. OUR GOAL IS TO SUPPORT REUNIFICATION, AND ALMOST 60% OF THE CHILDREN WHO COME TO SEVEN HOMES ARE REUNIFIED WITH THEIR BIRTH FAMILY. FOR CHILDREN WHO CANNOT RETURN HOME OR LIVE WITH A FAMILY MEMBER, WE WORK TIRELESSLY TO FIND THEM THE FOREVER FAMILY THEY DESERVE. SEVEN HOMES PROVIDES ADOPTION SERVICES FOR FAMILIES IN NORTH CAROLINA INTERESTED IN ADOPTING CHILDREN FROM THE SOCIAL SERVICE SYSTEM. OUR PRIMARY FOCUS IS ON CHILDREN IN NORTH CAROLINA, BUT WE ARE WILLING TO WORK WITH FAMILIES CONSIDERING ADOPTING CHILDREN FROM OTHER STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Maxwell Executive Di | Officer | 40 | $71,712 |
Erin Webb Secretary | Officer | $0 | |
Matthew Pezzullo Treasurer | Officer | $0 | |
Christina Rush Vice-Chairma | Officer | $0 | |
Alex Hale Chairman | Officer | $0 | |
Deborah Mergner Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,767 |
| Total Program Service Revenue | $2,694,230 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,888,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $71,712 |
| Compensation of current officers, directors, key employees. | $71,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $907,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,593 |
| Payroll taxes | $87,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,155 |
| Fees for services: Accounting | $7,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,753 |
| Advertising and promotion | $0 |
| Office expenses | $35,594 |
| Information technology | $61,861 |
| Royalties | $0 |
| Occupancy | $82,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,994 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,960 |
| Insurance | $25,066 |
| All other expenses | $88,627 |
| Total functional expenses | $2,763,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $337,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,112 |
| Net Land, buildings, and equipment | $146,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,134,112 |
| Accounts payable and accrued expenses | $134,366 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $134,366 |
| Net assets without donor restrictions | $999,746 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,134,112 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Seven Homes Inc has recieved totaling $11,216.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $536 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $480 |
Gap Foundation San Francisco, CA PURPOSE: FOR CIVIC & COMMUNITY ENGAGEMENT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Villa Richmond, VA | $27,428,777 | $22,658,558 |
Methodist Home Of The South Georgia Conference Macon, GA | $89,864,705 | $15,345,921 |
Developmental Services Of Dickson County Dickson, TN | $11,323,972 | $14,070,114 |
Our Lady Of Hope Health Center Inc Roanoke, VA | $20,100,998 | $16,173,779 |
Boys And Girls Home Of North Carolina Inc Lake Waccamaw, NC | $27,444,905 | $18,368,279 |
Elk Hill Farm Inc Goochland, VA | $8,024,424 | $11,816,534 |
Presbyterian Homes & Family Services Inc Lynchburg, VA | $44,827,588 | $11,019,660 |
Epworth Childrens Home Columbia, SC | $51,499,184 | $11,292,801 |
Insight Incentive For Normal Social Interaction-Group Home Today Inc Woodbridge, VA | $13,170,657 | $11,222,553 |
Ralph Scott Lifeservices Inc Burlington, NC | $9,602,091 | $12,832,538 |
United Methodist Childrens Home Of North Georgia Conference Inc Tucker, GA | $95,066,769 | $13,566,951 |
The Goshen Valley Foundation Inc Waleska, GA | $8,327,784 | $9,488,443 |