Seven Homes INC

Tax-deductible

Jamestown, NC501(c)(3)Human ServicesEIN 56-1907860Revenue $4.3M in FY2024

On file with the IRS7homes4kids.com5228 Hilltop Rd, 27282-9351 · Jamestown, NCTax-exempt since May 1998Publicly supported — 509(a)(2)

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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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 150 volunteers and 25 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $275K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $19K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+6% vs prior year
Spent
$4.1M
To programs
81%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$4.3M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$3.5M
FY2023$4.1M
FY2024$4.3M
Expenses
$4.1M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.8M
FY2022$3.3M
FY2023$3.9M
FY2024$4.1M
Net assets
$1.7M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$875K
FY2021$1000K
FY2022$1.3M
FY2023$1.5M
FY2024$1.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $3.3M Management & general 15% · $619K Fundraising 4% · $162K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Programs Cha
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Kenneth Maxwell’s $72K as Executive Di is at the 12th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Kenneth Maxwell$71,712$70,560

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides youth with love, safety, and stability through whole-child therapeutic support.

Questions for Seven Homes INC

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Provided by the organization

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2 programs · $3.3M · in their own filed words · FY2024
01

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.

$3.0Mprogram expense
02

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.

$298Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$19K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$4.1M
Gifts and grantsLn 1h$175K
Other incomeLn 4–11$81K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.3M
Managementcol C$619K
Fundraisingcol D$162K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Noncash giftsLn 1g$86K
Fees for servicesLn 2g$4.1M
Other incomeLn 4–11$81K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$193K
Total assetsLn 16$3.5M
LiabilitiesLn 26$1.8M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 525
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$810K$1.2M
Land, buildings, equipmentLn 10c$154K$1.6M
Total assetsLn 16$1.9M$3.5M
LiabilitiesLn 26$442K$1.8M
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$97K$97K
Other salaries and wagesLn 7$1.3M$994K$264K$86K
Other employee benefitsLn 9$45K$31K$11K$3K
Payroll taxesLn 10$120K$83K$30K$7K
Legal feesLn 11b$13K$5K$7K$2K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$40K$28K$10K$2K
Information technologyLn 14$67K$50K$17K
OccupancyLn 16$110K$76K$27K$7K
Conferences, conventions and meetingsLn 19$6K$4K$1K$356
InterestLn 20$53K$53K
Depreciation, depletion and amortizationLn 22$100K$75K$25K
InsuranceLn 23$53K$40K$13K
Other expenses (24a–d)Ln 24$1.9M$1.9M$32K$49K
All other expensesLn 24e$109K$70K$32K$6K
Total functional expensesLn 25$4.1M$3.3M$619K$162K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.3M$4.1M$228K$1.7M 990 PDF
FY2023 $4.1M$3.9M$217K$1.5M 990 PDF
FY2022 $3.5M$3.3M$285K$1.3M 990 PDF
FY2021 $2.9M$2.8M$125K$1000K 990 PDF
FY2020 $2.8M$2.3M$519K$875K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,347,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,706$174,789
I-9 Program service revenuePrior year $3,810,045$4,091,350
I-10 Investment income$0
I-11 Other revenuePrior year $76,237$81,251
I-12 Total revenuePrior year $4,085,988$4,347,390
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,515,006$1,605,277
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,354,135$2,514,564
I-18 Total expensesPrior year $3,869,141$4,119,841
I-19 Revenue less expensesPrior year $216,847$227,549
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,347,390 across 7 lines filed
VIII-1f All other contributions, gifts and grants$174,789
VIII-1g Noncash contributions (included above)$85,788
VIII-1h Total contributions, gifts and grants$174,789
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,091,350$4,091,350
VIII-8 Net income from fundraising events$72,218
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,033$9,033
VIII-12 Total revenueRelated to mission $4,100,383$4,347,390
Part IX · Statement of functional expenses $4,119,841 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $96,512$96,512
IX-7 Other salaries and wagesPrograms $993,692 · Management $263,522 · Fundraising $86,408$1,343,622
IX-9 Other employee benefitsPrograms $31,387 · Management $11,372 · Fundraising $2,729$45,488
IX-10 Payroll taxesPrograms $82,562 · Management $29,914 · Fundraising $7,179$119,655
IX-11b Legal feesPrograms $4,917 · Management $6,857 · Fundraising $1,644$13,418
IX-11c Accounting feesPrograms $14,000$14,000
IX-13 Office expensesPrograms $27,927 · Management $10,119 · Fundraising $2,427$40,473
IX-14 Information technologyPrograms $50,463 · Management $16,820$67,283
IX-16 OccupancyPrograms $75,754 · Management $27,447 · Fundraising $6,588$109,789
IX-19 Conferences, conventions and meetingsPrograms $4,097 · Management $1,483 · Fundraising $356$5,936
IX-20 InterestManagement $52,703$52,703
IX-22 Depreciation, depletion and amortizationPrograms $75,180 · Management $25,060$100,240
IX-23 InsurancePrograms $39,929 · Management $13,310$53,239
IX-24 Other expenses (24a–d)Programs $1,867,869 · Management $31,714 · Fundraising $49,168$1,948,751
IX-24e All other expensesPrograms $70,456 · Management $32,299 · Fundraising $5,977$108,732
IX-25 Total functional expensesPrograms $3,338,233 · Management $619,132 · Fundraising $162,476$4,119,841
Part X · Balance sheet $3,517,089 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $810,424$1,234,326
X-4 Accounts receivableStart of year $650,884$404,959
X-9 Prepaid expenses and deferred chargesStart of year $44,501$60,035
X-10c Land, buildings and equipment, netStart of year $153,979$1,624,525
X-15 Other assetsStart of year $272,933$193,244
X-16 Total assetsStart of year $1,932,721$3,517,089
X-17 Accounts payable and accrued expensesStart of year $160,274$242,060
X-25 Other liabilitiesStart of year $282,188$1,535,257
X-26 Total liabilitiesStart of year $442,462$1,777,317
X-27 Net assets without donor restrictionsStart of year $1,490,259$1,739,772
X-32 Total net assets or fund balancesStart of year $1,490,259$1,739,772
X-33 Total liabilities and net assetsStart of year $1,932,721$3,517,089
Part XI · Reconciliation of net assets $1,739,772 net assets at year end
XI-1 Total revenue$4,347,390
XI-2 Total expenses$4,119,841
XI-3 Revenue less expenses$227,549
XI-4 Net assets at start of year$1,490,259
XI-8 Prior period adjustments$21,964
XI-10 Net assets at end of year$1,739,772

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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