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Nonprofiteer
← SEVEN HILLS FOUNDATION INC

Form 990 for tax year 2022

Filed by SEVEN HILLS FOUNDATION INC.

Totals

Total revenue
$25,188,401
Total expenses
$21,346,789
Contributions and grants received
$2,346,120
Grants paid
$0
Program service revenue
$19,249,941
Investment income
$2,832,125
Other revenue
$760,215
Total assets, end of year
$216,033,194
Total liabilities, end of year
$131,889,849
Net assets or fund balances, end of year
$84,143,345
Program services expenses (Part IX)
$21,167,292
Management and general expenses
$0
Fundraising expenses
$179,497
Program service expenses (Part III)
$21,167,292

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,724

  • 1f · All other contributions, gifts and grants

    $2,339,396

  • 1g · Noncash contributions included above

    $1,423,878

  • 2a · Program service revenue: PROGRAM SERVICES

    total $19,249,941 · related or exempt $19,249,941

  • 3 · Investment income

    total $1,569,223 · excluded $1,569,223

  • 6a · Gross rents

    real property $316,119

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $316,119

  • 6d · Net rental income or loss

    total $316,119 · excluded $316,119

  • 7a · Gross sales of assets other than inventory

    securities $44,336,030 · other assets $85,906

  • 7b · Less cost or other basis and sales expenses

    securities $43,056,276 · other assets $102,758

  • 7c · Gain or loss

    securities $1,279,754 · other assets -$16,852

  • 7d · Net gain or loss

    total $1,262,902 · related or exempt $1,262,902

  • 11a · Other revenue: OTHER REVENUE

    total $371,974 · related or exempt $371,974

  • 11b · Other revenue: LLC/S-CORP TAXABLE INCOME

    total $52,122 · unrelated business $52,122

  • 11c · Other revenue: MANAGEMENT FEE

    total $20,000 · unrelated business $20,000

  • 11e · Other revenue, total

    $444,096

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,072,971 · program services $2,072,971

  • 7 · Other salaries and wages

    total $5,280,848 · program services $5,280,848

  • 9 · Other employee benefits

    total $3,324,548 · program services $3,324,548

  • 10 · Payroll taxes

    total $659,346 · program services $659,346

  • 11b · Fees: legal

    total $286,213 · program services $286,213

  • 11c · Fees: accounting

    total $143,525 · program services $143,525

  • 11f · Fees: investment management

    total $113,113 · program services $113,113

  • 12 · Advertising and promotion

    total $226,845 · program services $226,845

  • 13 · Office expenses

    total $419,767 · program services $419,767

  • 16 · Occupancy

    total $1,272,582 · program services $1,272,582

  • 19 · Conferences, conventions and meetings

    total $899,514 · program services $899,514

  • 20 · Interest

    total $619,142 · program services $619,142

  • 22 · Depreciation, depletion and amortization

    total $701,827 · program services $701,827

  • 23 · Insurance

    total $291,189 · program services $291,189

  • 24a · Other expenses: CONSULTANTS

    total $2,449,187 · program services $2,449,187

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $852,863 · program services $852,863

  • 24c · Other expenses: MISCELLANEOUS

    total $593,239 · program services $593,239

  • 24d · Other expenses: CLIENT TRANSPORTATION

    total $583,741 · program services $583,741

  • 24e · All other expenses

    total $556,329 · program services $376,832 · fundraising $179,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,272,307 · end of year $2,076,344

  • 3 · Pledges and grants receivable

    beginning of year $51,700 · end of year $30,700

  • 7 · Other notes and loans receivable

    beginning of year $24,691 · end of year $24,691

  • 10a · Land, buildings and equipment: cost or other basis

    $218,010,844

  • 10b · Land, buildings and equipment: accumulated depreciation

    $86,194,385

  • 10c · Land, buildings and equipment, net

    beginning of year $122,308,846 · end of year $131,816,459

  • 11 · Investments: publicly traded securities

    beginning of year $52,248,788 · end of year $51,650,580

  • 12 · Investments: other securities

    beginning of year $1,905,644 · end of year $1,649,464

  • 15 · Other assets

    beginning of year $21,272,972 · end of year $28,784,956

  • 20 · Tax-exempt bond liabilities

    beginning of year $81,103,175 · end of year $77,678,461

  • 23 · Secured mortgages and notes payable

    beginning of year $25,266,263 · end of year $33,941,031

  • 25 · Other liabilities

    beginning of year $15,325,435 · end of year $20,270,357

  • 27 · Net assets without donor restrictions

    beginning of year $75,874,623 · end of year $82,647,463

  • 28 · Net assets with donor restrictions

    beginning of year $1,515,452 · end of year $1,495,882

Mission and programs · 2022

Mission

TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-FOUR AFFILIATES UNDER COMMON CONTROL.

  • TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-FOUR AFFILIATES UNDER COMMON CONTROL.

    Expenses $21,167,292 · Revenue $20,884,817

As filed on the 2022 return.

Listed in Part VII

  • JOHN N ALTOMARE ESQ

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • DAVID SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR DAVID PAYDARFAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR TAMMY MURRAY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • FRANCES POLITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARIANNE E ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MAUREEN BINIENDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PETER STANTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR CAROL DONNELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAYMOND L QUINLAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DEBORAH J NEEDLEMAN

    SECRETARY/CLERK

    Total calculated
    $0
    Hours/week
    2

  • ROBERT L MAHAR

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • DR CHARLES P CONROY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DAVID WOODBURY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALLEN KRAUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ARLENE BETTERIDGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ARLENE LIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BERNIE STEPHENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINA CIOCIOLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DALE DUCASSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERNEST DUBE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID GREENWOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELISABETA GAGA BLANEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID MASIELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEBORAH PENTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEBRA HOKKANEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DIANE BRAZELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOROTHY HARGROVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS RUSSELL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR BENJAMIN NWOSU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR CAMILLE ROBERTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR JENNIFER SCHOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR PETER RUGG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MELVIN P GORDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELLEN HONEYMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PALL KALMANSSON ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • REPRESENTATIVE HANNAH KANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW BEATON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HONORABLE RICHARD T MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES BUSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JO-ANN WHELAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DONNA STOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN CAREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JONI MILLUZO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH NUNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KAREN MUGGERIDGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KAREN SHORTSLEEVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR KATE ROY SULLIVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LT GOV KARYN POLITO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARION MAHAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK O'CONNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW J PELOQUIN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAUREEN GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MEGAN MCDONOUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MINDY MCKENZIE-HEBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MORGAN DYKSTAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN HAVERLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA RUGG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SPENCER HOLLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL H GALLAGHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAULA ROSENBLUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER ALDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R JOSEPH SALOIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT E PAULSEN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS MCNAMARA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN F WALSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TODD S SOLAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • W ROBERT BENTLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WAYNE GRIFFIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM G O'BRIEN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEANNE ANTONUCCI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RUTHANN MELANCON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOROTHY DUDLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THE HONORABLE JENNIFER FLANAGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL NOCKUNAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH DABEK VELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT KIEVRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BILL DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK BORENSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL LAVALLEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GLENN KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUZANNE MAAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TODD MANDELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AMY MCCARTHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LAURANCE S MORRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN M PROSSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KARLA SANTIAGO-RUIZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEVIN SHAUGNESSY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EMILY S STARR ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAURA STICKLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEAN THEODORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIC GOODWINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TIMOTHY MURRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AIVI NGUYEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SEAN PITTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DR DAVID A JORDAN DHA

    PRESIDENT

    Total calculated
    $8,056,496
    From this org
    $7,825,827
    From related orgs
    $0
    Other
    $230,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $7,823,044
    Bonus
    $0
    Other
    $2,783
    Deferred
    $202,220
    Nontaxable benefits
    $28,449
    Filer's total
    $8,056,496

  • DR KATHLEEN JORDAN DHA

    EXECUTIVE VP/CEO

    Total calculated
    $523,488
    From this org
    $314,405
    From related orgs
    $0
    Other
    $209,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,630
    Bonus
    $2,500
    Other
    $1,275
    Deferred
    $209,083
    Nontaxable benefits
    $0
    Filer's total
    $523,488

  • MICHAEL MATTHEWS

    SR VP OF BUSINESS AND FINA

    Total calculated
    $367,370
    From this org
    $244,474
    From related orgs
    $0
    Other
    $122,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,536
    Bonus
    $2,500
    Other
    $2,438
    Deferred
    $93,066
    Nontaxable benefits
    $29,830
    Filer's total
    $367,370

  • ERIC COLE

    CFO

    Total calculated
    $137,024
    From this org
    $134,019
    From related orgs
    $0
    Other
    $3,005
    Hours/week
    40

  • MARILYN LOPEZ-HADDAD

    VP HUMAN RESOURCES

    Total calculated
    $209,040
    From this org
    $195,186
    From related orgs
    $0
    Other
    $13,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,686
    Bonus
    $2,500
    Other
    $0
    Deferred
    $12,474
    Nontaxable benefits
    $1,380
    Filer's total
    $209,040

  • DOMINIC SMARRA

    CIO

    Total calculated
    $139,803
    From this org
    $138,423
    From related orgs
    $0
    Other
    $1,380
    Hours/week
    40

  • MAUREEN MCDONOUGH

    MANAGER PROGRAM IMPROVEMEN

    Total calculated
    $153,690
    From this org
    $132,234
    From related orgs
    $0
    Other
    $21,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,734
    Bonus
    $2,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,456
    Filer's total
    $153,690

  • KATHLEEN MYSHRALL

    VP ADVANCEMENT

    Total calculated
    $170,295
    From this org
    $134,584
    From related orgs
    $0
    Other
    $35,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,084
    Bonus
    $2,500
    Other
    $0
    Deferred
    $14,161
    Nontaxable benefits
    $21,550
    Filer's total
    $170,295

  • WILLIAM STOCK

    VP FOR GOVT AND COMM RELAT

    Total calculated
    $189,564
    From this org
    $156,187
    From related orgs
    $0
    Other
    $33,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,687
    Bonus
    $2,500
    Other
    $0
    Deferred
    $11,921
    Nontaxable benefits
    $21,456
    Filer's total
    $189,564

  • MICHAEL KENDRICK

    AVP FACILITIES

    Total calculated
    $143,550
    From this org
    $122,094
    From related orgs
    $0
    Other
    $21,456
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DR KATHLEEN JORDAN, DHA - DEFINED BENEFIT PLAN $209,083 MARILYN LOPEZ-HADDAD - DEFERRED COMPENSATION - $12,474 MICHAEL MATTHEWS - DEFINED BENEFIT PLAN $93,066 KATHLEEN MARSHALL - DEFERRED COMPENSATION - $14,161 THE EMPLOYER CONTRIBUTES THESE DEFERRED COMPENSATION PAYMENTS TO A NON QUALIFIED INELIGIBLE 457(F) PLAN. THESE AMOUNTS CONTRIBUTED INTO THE 457(F) PLAN ARE NOT VESTED AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE IN THE EVENT THAT EMPLOYEES DO NOT FULFIL THEIR OBLIGATIONS OF THEIR EMPLOYMENT WITH THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EMPIRICAL ASSET MANAGEMENT LLC

    INVESTMENT · ASSET MANAGEMENT · MA · 6.84% owned · share of income -$74,684 · share of assets $526,563

  • BIRCH B LLC

    UNRELATED · BEVERAGE MARKET · DE · 4.61% owned · share of assets $385,854

  • WELLESLEY FRONT LLC

    UNRELATED · REAL PROPERTY · MA · 25% owned · share of assets $114,934

  • SCIREH THREE LLC

    UNRELATED · REAL PROPERTY · MA · 2.48% owned · share of income $1,752 · share of assets $42,581

  • MERCANTILE VENTURES LLC

    UNRELATED · REAL PROPERTY · MA · 4.85% owned · share of income $38,339 · share of assets $161,459

  • CANAL DISTRICT PARTNERS LLC

    UNRELATED · REAL PROPERTY · MA · 2.94% owned · share of income $361 · share of assets $66,930

  • WBC INVESTMENTS LLC

    UNRELATED · REAL PROPERTY · MA · 8% owned · share of income $5,138 · share of assets $87,296

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431359349304033

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.