Seven Year Foundation

Nonprofit profile at a glance

EIN
471794763
IRS 990-EZ coverage
2016–2018
Forms available
Form 990-EZ 2018
Location
Tempe, AZ, USA
Phone
6024728400
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Housing Support

Reported finances

Revenue
$356
Expenses
$356
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Ojo Jelani Yesuto (President)

People named in this filing

  • Ojo Jelani Yesuto (President)
  • Jacque Huerta (Marketing Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose of this organization is to educate, advocate, and assist low income and modest income families in owning their own homes. Our mission is to help provide families with a legitimate opportunity to own their own property through traditional and non traditional methods. We are also committed to helping current home owners keep their homes in the event the property is in jeopardy of foreclosure and provide some viable alternatives to foreclosure.

What it reported doing in 2018

This organization was able to make new connections and network with individuals, other organizations, and for profit companies to identify and locate suitable candidates for its Board of Directors. This organization was able to name its first Marketing Director and develop a plan to implement marketing strategies to raise funds for the organization. This organization was able to establish a social media presence and begin posting relevant content relating to its nonprofit purpose.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -100% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 100% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.