Seven Hills Foundation Inc, The Homestead Group in Woonsocket, Rhode Island (RI)

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Seven Hills Foundation Inc, The Homestead Group
Employer Identification Number (EIN)056013789
Name of OrganizationSeven Hills Foundation Inc
Secondary NameThe Homestead Group
Address68 Cumberland St Ste 200, Woonsocket, RI 02895-3331
ActivitiesAid to the handicapped (see also 031), Other instruction and training
SubsectionCharitable Organization
Ruling Date03/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$5,000,000 to $9,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,637,186
Amount of Income$23,397,653
Form 990 Revenue Amount$23,340,830
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Developmentally Disabled Centers, Services



Amount of income in 2008: $23,397,653
Seven Hills Foundation Inc, The Homestead Group:  $23,397,653
Other organizations performing similar types of work:  $934,856

Assets in 2008: $8,637,186
This organization:  $8,637,186
Other organizations performing similar types of work:  $726,825

Expenses in 2006: $16,080,572
This organization:  $16,080,572
Other organizations performing similar types of work:  $9,228,321

Income to expenses ratio in 2006: 1.0
Seven Hills Foundation Inc, The Homestead Group:  1.0
Other organizations performing similar types of work:  1.0

Expenses allocated to program services in 2006: 88.1%
Seven Hills Foundation Inc, The Homestead Group:  88.1%
Other organizations performing similar types of work:  89.5%

Number of employees in 2006: 321
Seven Hills Foundation Inc, The Homestead Group:  321
Other organizations performing similar types of work:  319

Employees paid over $50,000 in 2006: 3.4%
Seven Hills Foundation Inc, The Homestead Group:  3.4%
Other organizations performing similar types of work:  2.8%

Grants share in income in 2006: 1.6%
This organization:  1.6%
Other organizations performing similar types of work:  2.3%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020022003200420052006
Total revenue$11,169,537$12,034,352$12,226,607$12,572,124$13,349,704$16,319,292
Contributions, gifts, grants, and similar amounts received$10,302,627$289,389$100,323$151,001$85,254$255,266
Contributions to donor advised funds$0
Direct public support$215,970$278,924$92,321$68,745$40,520$248,767
Indirect public support$14,600$10,465$8,002$7,988$8,884$6,499
Government contributions (grants)$10,072,057$0$0$74,268$35,850$0
Program service revenue including government fees and contracts$787,375$11,677,720$12,079,197$12,359,778$13,209,115$16,003,105
Membership dues and assessments$8,279$5,550$5,318$4,626$3,155$0
Interest on savings and temporary cash investments$59,306$35,265$30,033$29,714$22,709$22,471
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$64,876
Gross rents$0$0$0$0$0$64,876
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$-26,426
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$26,426
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$11,950$26,428$11,736$27,005$29,471$0
Gross sales of inventory, less returns and allowances$146,294$152,872$135,484$132,454$129,708$0
Less: cost of goods sold$134,344$126,444$123,748$105,449$100,237$0
Other revenue$0$0$0$0$0$0
Total expenses$11,371,324$12,322,784$12,167,146$12,502,703$13,528,596$16,080,572
Program services$9,031,734$10,653,519$10,706,558$10,955,462$11,790,361$14,161,308
Management and general$2,339,590$1,577,958$1,408,250$1,396,316$1,609,225$1,854,904
Fundraising$0$91,307$52,338$150,925$129,010$64,360
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$3,540,625$4,046,452$3,993,413$3,950,334$3,715,192$3,915,904
Excess or (deficit) for the year$-201,787$-288,432$59,461$69,421$-178,892$238,720
Net assets or fund balances at beginning of year$3,742,412$4,053,634$4,046,452$3,993,413$3,950,334$3,715,192
Other changes in net assets or fund balances$0$281,250$-112,500$-112,500$-56,250$-38,008
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$16,080,572$14,161,308$1,854,904$64,360
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$388,925$353,922$31,114$3,889
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$9,344,686$8,586,769$707,130$50,787
Pension plan contributions not included above$119,663$104,253$15,395$15
Employee benefits not included above$1,373,698$1,266,685$104,026$2,987
Payroll taxes$768,008$712,274$51,707$4,027
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$324,638$222,998$101,584$56
Telephone$100,761$65,901$34,620$240
Postage and shipping$0$0$0$0
Occupancy$487,491$451,364$35,821$306
Equipment rental and maintenance$65,732$57,796$7,834$102
Printing and publications$40,862$10,552$29,893$417
Travel$309,511$303,394$5,772$345
Conferences, conventions, and meetings$33,561$21,592$11,862$107
Interest$36,445$29,579$6,866$0
Depreciation, depletion, etc.$325,641$264,067$61,239$335
Other expenses not covered above$2,360,950$1,710,162$650,041$747
Balance Sheets
200020022003200420052006
Total assets$6,309,049$6,743,454$6,819,748$6,822,271$6,476,314$7,708,808
Cash - non-interest-bearing$711,253$395,997$1,273,085$548,865$511,122$1,017,252
Savings and temporary cash investments$835,239$1,197,013$848,440$1,812,229$1,339,596$1,050,963
Accounts receivable less allowance for doubtful accounts$113,661$154,239$37,006$33,078$1,241,042$1,619,792
Pledges receivable less allowance for doubtful accounts$0$449,375$284,659$129,897$14,108$10,108
Grants receivable$855,969$913,023$1,071,535$1,070,029$0$65,000
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$237,292$175,000$0$0$0$180,035
Inventories for sale or use$11,381$10,424$10,665$11,201$7,266$9,602
Prepaid expenses and deferred charges$115,542$121,191$130,016$154,626$184,134$234,427
Investments - publicly-traded securities$107,843
Investments - other securities$137,790$249,577$271,686$288,482$450,395$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$3,290,922$3,077,615$2,892,656$2,773,864$2,728,651$3,394,635
Other assets, including program-related investments$0$0$0$0$0$19,151
Total liabilities$2,768,424$2,697,002$2,826,335$2,871,937$2,761,122$3,792,904
Accounts payable and accrued expenses$1,895,883$2,099,640$2,340,883$2,424,515$2,356,859$2,434,439
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$75,859
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$826,431$597,362$485,452$447,422$404,263$1,238,073
Other liabilities$46,110$0$0$0$0$44,533
Total liabilities and net assets/fund balances$6,309,049$6,743,454$6,819,748$6,822,271$6,476,314$7,708,808
Total net assets or fund balances$3,540,625$4,046,452$3,993,413$3,950,334$3,715,192$3,915,904
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020022003200420052006
Total revenue$11,169,537$12,034,352$12,226,607$12,572,124$13,349,704$16,319,292
Total revenue, gains, and other support per audited financial statements$11,458,381$12,193,196$12,373,155$12,700,373$13,528,991$16,461,116
Other expenses$154,500$32,400$22,800$22,800$79,050$141,824
Net unrealized gains on investments$0$0$0$0$0$6,525
Donated services and use of facilities$154,500$32,400$22,800$22,800$79,050$135,299
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$-134,344$-126,444$-123,748$-105,449$-100,237$0
Investment expenses$0$0$0$0$0$0
Other$-134,344$-126,444$-123,748$-105,449$-100,237$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020022003200420052006
Total expenses$11,371,324$12,322,784$12,167,146$12,502,703$13,528,596$16,080,572
Total expenses and losses per audited financial statements$11,660,168$12,594,128$12,426,194$12,743,452$13,764,133$16,215,871
Other revenue$288,844$271,344$259,048$240,749$235,537$135,299
Donated services and use of facilities$154,500$144,900$135,300$135,300$135,300$135,299
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$134,344$126,444$123,748$105,449$100,237$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$140,150$36,179$0
40$90,398$37,162$0
40$78,341$6,695$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings12
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006321
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$60,921$16,003,105
Program service revenue
Program service revenue 1000000$000$0$358,404
Program service revenue 2000000$000$0$542,980
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$15,101,721
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$22,471$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$64,876$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-26,426$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$67,897$19,318$0
$62,858$22,438$0
$59,294$1,027$0
$63,003$9,102$0
$73,579$27,979$0
Total number of other employees paid over $50,0003
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
199920012002200320042005
Total$10,824,095$12,347,093$12,007,924$12,214,871$12,545,119$13,349,704
Gifts, grants, and contributions received$10,037,258$612,112$289,389$100,323$151,001$85,254
Membership fees received$9,738$6,750$5,550$5,318$4,626$3,155
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$724,784$11,662,563$11,677,720$12,079,197$12,359,778$13,238,586
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$52,315$65,668$35,265$30,033$29,714$22,709
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Suburban Adult Services Inc960 Maple Rd, Elma, NY 14059-9530NY1979-12$26,855,700
2Seven Hills Foundation Inc, The Homestead Group68 Cumberland St Ste 200, Woonsocket, RI 02895-3331RI1999-03$23,397,653
3Hattie Larlham Center For Children With Disabilities9772 Diagonal Rd, Mantua, OH 44255-9128OH1964-03$20,994,122
4Seven Hills Foundation Inc, Seven Hills Foundation81 Hope Ave, Worcester, MA 01603MA1999-03$19,381,467
5People Inc, Group Return1219 N Forest Rd, Williamsville, NY 14221-3230NY1994-01$18,040,902
6Aspire Of Illinois9901 Derby Ln, Westchester, IL 60154-3709IL1969-05$16,619,889
7The Center Serving Persons With3550 W Dallas St, Houston, TX 77019-1702TX1953-08$13,614,794
8Noble Inc7701 East 21st Street, Indianapolis, IN 46219IN1955-12$13,350,781
9Human Services Center130 W North St, New Castle, PA 16101-3906PA1967-04$10,694,995
10The Arc Of The District Of Columbia Inc415 Michigan Ave Ne Ste 400, Washington, DC 20017-4505DC1977-05$3,458,696
11Greater Opportunities For The Developmentally Disabled900 Lafayette St Ste 700, Santa Clara, CA 95050-4967CA1984-07$3,337,445
12Leaders Industries115 W Dunnam St, Hobbs, NM 88240-6020NM1991-07$3,300,115
13Connections Of Moorhead Inc810 4th Ave S Ste 156, Moorhead, MN 56560-2862MN1973-12$3,296,238
14Westside Community Focus Inc2334 Nw Marshall St, Portland, OR 97210-2913OR1971-11$1,612,340
15North Valley Rehabilitation Foundation2255 Fair St, Chico, CA 95928-6747CA1986-11$505,041
16Gibb Gulf Coast Village Inc300 Mabry St, Tallahassee, FL 32304-3813FL1991-09$186,142
17Adult Retarded Citizens HomesPO BOX 22708, Charleston, SC 29413-2708SC1983-02$60,422
18Developmental Disabilities Center, Imagine1400 Dixon Ave, Lafayette, CO 80026-2790CO1969-11$34,853,121
19Evansville Arc IncPO BOX 4089, Evansville, IN 47724-0089IN1957-06$12,573,993
20Association For Retarded Citizens Texas, The Arc Of Hunt CountyPo Box 8783, Greenville, TX 75401TX1966-07$9,224,864
21Centers For The Developmentally Disabled N Cent Alabama Inc, Cdd Nca Inc1602 Church Street, Decatur, AL 35601AL1994-05$8,289,391
22Friends Aware Incorporated1601 Holland St, Cumberland, MD 21502-1117MD1965-09$5,735,473
23Disabled Persons Action Organizati N Inc617 Davidson Street, Watertown, NY 13601-1450NY1978-08$4,047,221
24Community Industries Corp41 Park Ridge Dr, Stevens Point, WI 54481-4436WI1966-04$3,306,416
25Association For Rights Of Citizens With Developmental Disabilities, The Arc7 Lakeland Cir Ste 600, Jackson, MS 39216MS1961-06$2,824,841
26Effort Inc15040 Harper Ave, Detroit, MI 48224-2962MI1972-06$454,819
27Community Rehabilitation Agencies Of Tennessee, Cmra40 Rutledge St, Nashville, TN 37210-2043TN1985-09$428,023
28Glenwood Handicapped Services Inc3226 Wilkins Rd, Ithaca, NY 14850-9568NY1983-06$337,059
29Association For Retarded Citizens - Downriver4212 13th St, Wyandotte, MI 48192-7003MI1956-10$222,945
30Gold Beach Senior Center Inc29841 Airport Way, Gold Beach, OR 97444OR1986-02$92,058
Number of organizations performing similar types of work
Alaska2
Alabama15
Arkansas16
Arizona6
California58
Colorado7
Connecticut16
District of Columbia2
Florida48
Georgia23
Hawaii3
Iowa10
Idaho4
Illinois31
Indiana20
Kansas8
Kentucky14
Louisiana22
Massachusetts35
Maryland13
Maine5
Michigan31
Minnesota21
Missouri23
Mississippi8
Montana3
North Carolina24
North Dakota2
Nebraska4
New Hampshire5
New Jersey15
New Mexico10
Nevada7
New York76
Ohio28
Oklahoma10
Oregon9
Pennsylvania37
Rhode Island2
South Carolina21
Tennessee22
Texas32
Utah2
Virginia15
Vermont3
Washington21
Wisconsin10
West Virginia6
Wyoming3
International1
Total809
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralSeven Hills Foundation Inc, Seven Hills Foundation81 Hope Ave, Worcester, MA 01603MA1999-03$19,381,467
SubordinateSeven Hills Foundation Inc, Group Return81 Hope Ave, Worcester, MA 01603-2212MA1996-05$127,236,290
SubordinateSeven Hills Foundation Inc, The Homestead Group68 Cumberland St Ste 200, Woonsocket, RI 02895-3331RI1999-03$23,397,653
Number of affiliated organizations
Massachusetts2
Rhode Island1
Total3

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