ITALIAN HOME FOR CHILDREN INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1919

Legal Domicile

Principal Officer

SUSAN KEAYS

Phone

6175243116

Tax Period

2023-07-01 to 2024-06-30

ITALIAN HOME FOR CHILDREN INC, founded in 1919, is a mid-sized nonprofit in the Mental Health sector that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ITALIAN HOME FOR CHILDREN PROVIDES AN INTEGRATED NETWORK OF POWERFUL AND EFFECTIVE PROGRAMS TO HELP CHILDREN AND FAMILIES WITH EMOTIONAL, BEHAVIORAL, AND EDUCATIONAL CHALLENGES THRIVE IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,027,606 Revenue: $1,687,296

COMMUNITY BASED HEALTH INITIATIVE - ITALIAN HOME FOR CHILDREN PROVIDES THREE OF THE SERVICES UNDER CHILDREN'S BEHAVIORAL HEALTH INITIATIVE (CBHI ). THESE SERVICES ARE IN-HOME THERAPY, IN-HOME...

COMMUNITY BASED HEALTH INITIATIVE - ITALIAN HOME FOR CHILDREN PROVIDES THREE OF THE SERVICES UNDER CHILDREN'S BEHAVIORAL HEALTH INITIATIVE (CBHI ). THESE SERVICES ARE IN-HOME THERAPY, IN-HOME BEHAVIORAL SERVICES AND THERAPEUTIC MENTORING. THE SERVICES OF CBHI ARE DESIGNED TO ASSIST THE FAMILY UNIT IN A COLLABORATIVE MODEL THAT WORKS WITH THE FAMILY TO CREATE POSITIVE CHANGES. THE SERVICES ARE DESIGNED TO WORK TOGETHER, USING ONE OVERARCHING TREATMENT PLAN, TO CREATE A CLINCAL AND HOLISTIC APPROACH TO INCREASING SUCCESSFUL FAMILY RELATIONSHIPS. CBHI IS PAID FOR BY MASSHEALTH AND IS AVAILABLE TO YOUTH (AGES 3-21) AND THEIR FAMILIES IN BOSTON, METRO AND SOUTHEAST AREA .

Program 2

Expenses: $2,512,367 Revenue: $2,828,402

THE MARY SAVIOLI PALLOTTA EDUCATIONAL CENTER AT THE ITALIAN HOME FOR CHILDREN IS A DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION APPROVED K-8 PROGRAM FOR CHILDREN AGES 4-13 WITH SPECIAL EDUCATION NEEDS INCLUDING EMOTIONAL/ BEHAVIORAL DIFFICULTIES, TRAUMA, LEARNING DIFFERENCES, LANGUAGE DISORDERS, HIGH FUNCTIONING AUTISM SPECTRUM DISORDERS AND DEVELOPMENTAL DELAYS. THE SCHOOL SERVES BOTH DAY AND RESIDENTIAL CHILDREN WHO ARE AT RISK OF FAILURE IN A LESS RESTRICTIVE LEARNING ENVIRONMENT. THE MARY SAVIOLI PALLOTTA EDUCATIONAL CENTER AT THE ITALIAN HOME FOR CHILDREN WORKS TO INSTILL IN THE CHILDREN THE VALUE OF EDUCATION AND THE IMPORTANCE OF ACADEMIC ACHIEVEMENT AND MOTIVATION.

Program 3

Expenses: $3,361,089 Revenue: $3,674,807

INTENSIVE TREATMENT RESIDENCE IS A LONGER-TERM PROGRAM THAT WORKS WITH CHILDREN AGES 4-13 WHO OFTEN HAVE HAD MULTIPLE FAILED COMMUNITY PLACEMENTS OR MULTIPLE HOSPITALIZATIONS/CBAT ADMISSIONS. THE...

INTENSIVE TREATMENT RESIDENCE IS A LONGER-TERM PROGRAM THAT WORKS WITH CHILDREN AGES 4-13 WHO OFTEN HAVE HAD MULTIPLE FAILED COMMUNITY PLACEMENTS OR MULTIPLE HOSPITALIZATIONS/CBAT ADMISSIONS. THE PROGRAM ACCEPTS CHILDREN WHO HAVE A RANGE OF DIAGNOSES INCLUDING BUT NOT LIMITED TO PTSD, ADHD, ASD, ODD, DEPRESSIVE AND MOOD DISORDERS, AND ADJUSTMENTS DISORDERS. THE GOAL OF THIS PROGRAM IS TO REUNIFY THE CHILDREN WITH IDENTIFIED FAMILY MEMBERS AS QUICKLY AS POSSIBLE. ALL GROUP HOME CLIENTS ARE ASSIGNED A MASTER'S LEVEL CLINICIAN AND PROVIDED INTENSIVE INDIVIDUAL, GROUP, AND FAMILY THERAPY THROUGHOUT THE DURATION OF THEIR STAY. WE WORK VERY CLOSELY WITH FAMILIES TO IDENTIFY TAILORED TREATMENT NEEDS AND NECESSARY NATURAL SUPPORTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,784,925

Program Service Revenue $14,678,684

Investment Income $122,726

Other Revenue $79,415

TOTAL REVENUE $17,665,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,141,094

Fundraising Expenses $626,930

Program Expenses $13,452,861

Other Expenses $4,536,026

TOTAL EXPENSES $17,677,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,665,750	$16,117,930	+0.1%
Expenses	$17,677,120	$15,899,683	+0.1%
Net Income	$-11,370	$218,247	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

298

Volunteers

400

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$392,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DOWLING	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMIE WHITNEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT SABADOZ	TREASURER	1.00	Officer Director	$0	$0	$0
ELLEN MAHONEY	CLERK	1.00	Officer Director	$0	$0	$0
TIM BRAUGHLER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
NICK D'ADDABBO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DEMPSEY	DIRECTOR	1.00	Director	$0	$0	$0
DIANA DORCI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FABIANO	DIRECTOR	1.00	Director	$0	$0	$0
KEN HAMEL	DIRECTOR	1.00	Director	$0	$0	$0
CARMEL HEINSOHN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MAGLIA	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MCEACHERN	DIRECTOR	1.00	Director	$0	$0	$0
QUINTON PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARIE RUDIN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SOLERA	DIRECTOR	1.00	Director	$0	$0	$0
MARC VERGA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VON EUW	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT V WALLACE JR	DIRECTOR	1.00	Director	$0	$0	$0
ROSANNE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KEAYS	CEO	40.00	Officer	$222,942	$11,440	$234,382
MICHAEL ROSS	VP OF FINANCE	40.00	Officer	$158,019	$0	$158,019
SUSAN KORBER	CLINICAL NURSE SPECIALIST	40.00	Highest	$103,024	$23,986	$127,010
JOSEPH WEEKS	SVP OF PROGRAMS	40.00	Highest	$142,500	$13,471	$155,971

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$17,665,750	$17,677,120	$11,067,992	$-11,370
2023	$16,117,930	$15,899,683	$10,478,119	$218,247
2022	$16,833,974	$14,311,934	$9,948,769	$2,522,040
2021	$16,604,847	$15,119,134	$10,044,063	$1,485,713
2020	$12,532,414	$13,453,313	$8,562,713	$-920,899
2019	$15,311,300	$14,981,161	$7,086,890	$330,139