ITALIAN HOME FOR CHILDREN INC

EIN: 042103799 501(c)(3) Mental Health

JAMAICA PLAIN, MA

Total Revenue
$17,665,750
Total Expenses
$17,677,120
Total Assets
$11,067,992
Net Assets
$9,318,671
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
MA
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

EDUCATION, CARE AND TREATMENT FOR CHILDREN.

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Trantor Score

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

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

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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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
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
6
$392,401
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
2
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
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