Seven Hills Foundation Inc, Stetson Home Inc in Barre, Massachusetts (MA)

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Seven Hills Foundation Inc, Stetson Home Inc
Employer Identification Number (EIN)042122643
Name of OrganizationSeven Hills Foundation Inc
Secondary NameStetson Home Inc
AddressPO BOX 309, Barre, MA 01005-0309
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
Tax Period06/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,295,274
Amount of Income$1,342,856
Form 990 Revenue Amount$356,488
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Developmentally Disabled Centers, Services


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Amount of income in 2012: $1,342,856
Seven Hills Foundation Inc, Stetson Home Inc: 

 $1,342,856
Other organizations performing similar types of work: 

 $1,035,550

Assets in 2012: $14,295,274
This organization: 

 $14,295,274
Other organizations performing similar types of work: 

 $842,678

Expenses in 2012: $380,845
This organization: 

 $380,845
Other organizations performing similar types of work: 

 $1,065,220

Income to expenses ratio in 2012: 3.5
Seven Hills Foundation Inc, Stetson Home Inc: 

 3.5
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 78.2%
Seven Hills Foundation Inc, Stetson Home Inc: 

 78.2%
Other organizations performing similar types of work: 

 90.2%

Grants share in income in 2012: 0.0%
Seven Hills Foundation Inc, Stetson Home Inc: 

 0.0%
Other organizations performing similar types of work: 

 3.9%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$356,488
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$177,509
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$180,592
Gross rents (Real / Personal)$1,028,344 / $0
Less: rental expenses (Real / Personal)$847,752 / $0
Rental income or (loss) (Real / Personal)$180,592 / $0
Net loss from sales of assets other than inventory$-1,613
Gross amount from sales of assets other than inventory (Securities / Other)$137,003 / $0
Less: cost or other basis and sales expenses (Securities / Other)$138,616 / $0
Gain or (loss) (Securities / Other)$-1,613 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$380,845
Compensation of current officers, directors, trustees, and key employees$25,000
Other salaries and wages$20,100
Payroll taxes$3,687
Professional fundraising services$0
Other$332,058
Balance Sheet (for 2012)
Total assets$14,295,274
Total liabilities$9,210,697
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$8,614,519
Unsecured notes and loans payable to unrelated third parties$0
Other$596,178
Total net assets or fund balances$5,084,577
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002
Total revenue$444,462$356,893
Contributions, gifts, grants, and similar amounts received$19,360$0
Contributions to donor advised funds
Direct public support$19,360$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$67,474$52,954
Dividends and interest from securities$85,517$77,152
Net rental income or (loss)$294,959$70,032
Gross rents$715,000$794,390
Less: rental expenses$420,041$724,358
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-22,848$156,755
Gross amount from sales of assets other than inventory$182,228$970,992
Less: cost or other basis and sales expenses$205,076$814,237
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$186,133$277,333
Program services$130,794$216,869
Management and general$55,339$60,464
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$3,984,970$4,087,238
Excess or (deficit) for the year$258,329$79,560
Net assets or fund balances at beginning of year$3,992,815$3,984,970
Other changes in net assets or fund balances$-266,174$22,708
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$277,333$216,869$60,464$0
Grants paid from donor advised funds
Other grants and allocations$216,869
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,725$0$9,725$0
Legal fees$0$0$0$0
Supplies$947$0$947$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$49,792$0$49,792$0
Balance Sheets
20012002
Total assets$11,794,910$14,930,387
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$384,677$219,500
Accounts receivable less allowance for doubtful accounts$128,263$168,501
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$219,760$234,407
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$15,047$24,286
Investments - publicly-traded securities
Investments - other securities$2,957,974$3,145,810
Investments - land, buildings, and equipment less accumulated depreciation$7,990,119$11,137,883
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$99,070$0
Other assets, including program-related investments$0$0
Total liabilities$7,809,940$10,843,149
Accounts payable and accrued expenses$11,623$7,000
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$7,798,317$10,836,149
Other liabilities$0$0
Total liabilities and net assets/fund balances$11,794,910$14,930,387
Total net assets or fund balances$3,984,970$4,087,238
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002
Total revenue$444,462$356,893
Total revenue, gains, and other support per audited financial statements$444,462$379,601
Other expenses$0$22,708
Net unrealized gains on investments$0$22,708
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002
Total expenses$186,133$277,333
Total expenses and losses per audited financial statements$452,307$277,333
Other revenue$266,174$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$266,174$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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?Yes
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)?
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$356,893
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
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$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$52,954
Dividends and interest from securities000000$000$0$77,152
Net rental income or (loss) from real estate
debt-financed property000000$000$0$70,032
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$000$0$156,755
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 2002)
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 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
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?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
20002001
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
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$0$0
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$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Seven Hills Foundation Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$22,149,912
2Seven Hills Foundation Inc, Stetson Home IncPO BOX 309, Barre, MA 01005-0309MA1999-03$1,342,856
3Road To Responsibility Inc1831 Ocean St, Marshfield, MA 02050-4977MA1989-03$26,676,823
4Berkshire County Arc IncPO BOX 2, Pittsfield, MA 01202-0002MA1958-03$26,236,494
5Nonotuck Resource Associates40 Main St Ste 101, Florence, MA 01062-3100MA1975-08$21,412,531
6Nupath Inc147 New Boston St, Woburn, MA 01801-6201MA1969-02$14,559,011
7Cooperative For Human Services Inc420 Bedford St Ste 100, Lexington, MA 02420-1506MA1982-12$14,439,216
8Community Connections Inc127 Whites Path, S Yarmouth, MA 02664-1217MA1986-01$13,446,410
9East Middlesex Arc Inc20 Gould St, Reading, MA 01867-2927MA1963-07$12,085,591
10Seven Hills Foundation Inc, Stetson School IncPO BOX 309, Barre, MA 01005-0309MA1999-03$11,756,536
11The Arc Of The South Shore Inc371 River St, N Weymouth, MA 02191-2200MA1954-12$8,965,072
12Woodruff Mountain Foundation Inc125 S Sandisfield Rd, New Marlborou, MA 01230-2232MA1995-07$858
13Positive Light Inc592 A Washington St, Wellesley, MA 02482-6417MA1995-05$0
14Seven Hills Foundation Inc, Seven Hill Community Services Inc81 Hope Ave, Worcester, MA 01603-2212MA1996-05$0
15Seven Hills Foundation Inc, Seven Hill Family Services Inc799 West Boylston Street, Worcester, MA 01606-3071MA1996-05$0
16Seven Hills Foundation Inc, Seven Hills Clinical Associates Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
17Seven Hills Foundation Inc, Seven Hills Disability Resources81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
18Seven Hills Foundation Inc, Seven Hills Global Outreach81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
19Seven Hills Foundation Inc, Seven Hills Occupational And Rehabi150 Goddard Memorial Dr, Worcester, MA 01603-1260MA1996-05$0
20Seven Hills Foundation Inc, Waarc Realty Inc81 Hope Ave, Worcester, MA 01603-2212MA1996-05$0
Number of organizations performing similar types of work
Alaska2
Alabama16
Arkansas16
Arizona6
California58
Colorado7
Connecticut15
District of Columbia2
Florida48
Georgia21
Hawaii3
Iowa10
Idaho4
Illinois31
Indiana20
Kansas8
Kentucky13
Louisiana22
Massachusetts39
Maryland13
Maine5
Michigan32
Minnesota21
Missouri23
Mississippi8
Montana3
North Carolina23
North Dakota2
Nebraska4
New Hampshire5
New Jersey15
New Mexico10
Nevada7
New York77
Ohio29
Oklahoma10
Oregon9
Pennsylvania33
Rhode Island2
South Carolina20
Tennessee22
Texas30
Utah2
Virginia15
Vermont3
Washington20
Wisconsin10
West Virginia6
Wyoming3
International1
Total804
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralSeven Hills Foundation Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$22,149,912
SubordinateSeven Hills Foundation Inc, Group Return81 Hope Ave, Worcester, MA 01603-2212MA1996-05$166,781,560
SubordinateSeven Hills Foundation Group Inc, Seven Hills Rhode Island Inc30 Cumberland St Ste 4, Woonsocket, RI 02895-3342RI1999-03$23,397,653
SubordinateSeven Hills Foundation Inc, Stetson Home IncPO BOX 309, Barre, MA 01005-0309MA1999-03$1,342,856
SubordinateSeven Hills Foundation Inc, Stetson School IncPO BOX 309, Barre, MA 01005-0309MA1999-03$11,756,536
SubordinateSeven Hills Foundation Inc, Childrens Aid & Family Services Inc81 Hope Ave, Worcester, MA 01603-2299MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seven Hills Behavioral Health Inc81 Hope Ave, Worcester, MA 01603-2299MA1999-03$0
SubordinateSeven Hills Foundation Inc, Ifs Fiscal Intermediary Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
SubordinateSeven Hills Foundation Inc, Individual & Family Support Centers81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seaside Educational Associates Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seven Hill Community Services Inc81 Hope Ave, Worcester, MA 01603-2212MA1996-05$0
SubordinateSeven Hills Foundation Inc, Seven Hill Family Services Inc799 West Boylston Street, Worcester, MA 01606-3071MA1996-05$0
SubordinateSeven Hills Foundation Inc, Seven Hills At Groton Inc22 Hillside Ave, Groton, MA 01450-1284MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seven Hills Clinical Associates Inc81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seven Hills Disability Resources81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
SubordinateSeven Hills Foundation Inc, Seven Hills Occupational And Rehabi150 Goddard Memorial Dr, Worcester, MA 01603-1260MA1996-05$0
SubordinateSeven Hills Foundation Inc, Waarc Realty Inc81 Hope Ave, Worcester, MA 01603-2212MA1996-05$0
SubordinateSeven Hills Foundation Inc, Seven Hills Global Outreach81 Hope Ave, Worcester, MA 01603-2212MA1999-03$0
Number of affiliated organizations
Massachusetts17
Rhode Island1
Total18

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