SEVEN HOMES 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

1995

Legal Domicile

Principal Officer

KENNETH MAXWELL

Phone

3363788030

Tax Period

2024-01-01 to 2024-12-31

SEVEN HOMES INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $4.1M left a modest 5% surplus.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $3,040,639

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.

Program 2

Expenses: $297,594

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.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $174,789

Program Service Revenue $4,091,350

Investment Income $0

Other Revenue $81,251

TOTAL REVENUE $4,347,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,605,277

Fundraising Expenses $162,476

Program Expenses $3,338,233

Other Expenses $2,514,564

TOTAL EXPENSES $4,119,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,347,390	$4,085,988	+0.1%
Expenses	$4,119,841	$3,869,141	+0.1%
Net Income	$227,549	$216,847	+0.0%

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

Volunteers

320

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA BLEVINS	PROGRAMS CHA	N/A	Director	$0	$0	$0
ALEX HALE	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD JANKE	TREASURER	N/A	Officer Director	$0	$0	$0
PATRICK LINEBERRY	SECRETARY	N/A	Officer Director	$0	$0	$0
DEBORAH PEZZULLO	CHAIR	N/A	Officer Director	$0	$0	$0
MATTHEW PEZZULLO	DIRECTOR	N/A	Director	$0	$0	$0
CINDY REECE	DIRECTOR	N/A	Director	$0	$0	$0
RICK SHOFFNER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
CINDY TERRY	DIRECTOR	N/A	Director	$0	$0	$0

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
2024	$4,347,390	$4,119,841	$3,517,089	$227,549
2023	$4,085,988	$3,869,141	$1,932,721	$216,847
2022	$3,542,734	$3,257,600	$1,552,982	$285,134
2021	$2,888,893	$2,763,956	$1,134,112	$124,937
2020	$2,837,027	$2,318,281	$976,965	$518,746
2019	$2,050,768	$2,031,091	$468,622	$19,677
2018	$1,791,041	$1,902,864	$416,138	$-111,823