2024-11-08T10:47:07-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 201897201 THE BOSTONIAN FOUNDATION INC C/O BANE CARE MANAGEMENT BOST 7814742263 350 GRANITE STREET 2203 BRAINTREE MA 02184 JASON GEISINGER PRESIDENT 7814742263 2024-11-07 1 0 KATARZYNA O PADZIK P02268641 7819821001 2024-10-31 2023 2024-10-15 13:58:12Z JASON GEISINGER 350 GRANITE STREET 2203 BRAINTREE MA 02184 750248 0 X N/A X 2004 MA TO PROVIDE SUPPORTING SERVICES TO A RELATED ORGANIZATION. 5 4 0 4 0 0 0 0 499115 749467 74 781 0 0 499189 750248 0 0 0 0 0 0 0 0 0 980489 974342 980489 974342 -481300 -224094 5175972 4942907 10978966 10969995 -5802994 -6027088 X THE BOSTONIAN FOUNDATION, INC. IS A MASSACHUSETTS NOT-FOR-PROFIT CHARITABLE CORPORATION THAT PROVIDES SUPPORTING SERVICES TO A RELATED ORGANIZATION THROUGH OWNING AND LEASING A 121-BED NURSING FACILITY KNOWN AS THE BOSTONIAN NURSING AND REHABILITATION CENTER TO METRO HEALTH FOUNDATION MASSACHUSETTS, INC., A GEORGIA NOT-FOR-PROFIT CHARITABLE CORPORATION. 0 0 836355 0 749467 LEASING SERVICES - OWNS AND LEASES A 121-BED RELATED NON-PROFIT NURSING FACILITY KNOWN AS THE BOSTONIAN NURSING AND REHABILITATION CENTER TO METRO HEALTH FOUNDATION MASSACHUSETTS, INC. 836355 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 MA X JUDY LIMA 7814742263 350 GRANITE STREET SUITE 2203 BRAINTREE MA 02184 JASON GEISINGER PRESIDENT 10.00 30.00 X X 0 67173 0 SAVINO MAGALETTA SECRETARY 10.00 30.00 X X 0 0 0 JONATHAN NEAGLE TREASURER 2.00 8.00 X X 0 0 0 STEVE COHEN DIRECTOR 1.00 2.00 X 0 0 0 MARYANNE PEABODY DIRECTOR 1.00 2.00 X 0 0 0 0 67173 0 0 0 0 0 0 LEASE REVENUE 531110 749467 749467 749467 781 781 750248 749467 0 781 48138 48138 18160 18160 33156 30538 2618 340463 313584 26879 386681 356153 30528 136409 125640 10769 OTHER PROPERTY EXPENSES 11335 10440 895 974342 836355 137987 0 104276 107650 13076088 8513900 4769447 4562188 302249 273069 5175972 4942907 77030 157933 10228669 10020329 673267 791733 10978966 10969995 X -5802994 -6027088 -5802994 -6027088 5175972 4942907 -224094 0 X 0 1 X 1 1 1 X X 1 METRO HEALTH FOUNDATION OF MASSACHUSETTS INC 582211053 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60382 60382 11481252 7120110 4361142 1534454 1393790 140664 4562188 HUD ESCROWS 273069 273069 DUE TO RELATED PARTIES 791733 791733 X 750248 0 750248 0 750248 974342 0 974342 0 974342 PART X, LINE 2: THE PROJECT HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND APPLICABLE STATE STATUTES; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PROJECT'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE RELATED ORGANIZATION'S ADMINISTRATOR IS ESTABLISHED THROUGH A STUDY CONDUCTED BY THE MANAGEMENT COMPANY, WHICH USES COMPARABILITY DATA ON SALARIES WITHIN THE INDUSTRY. USING THESE REPORTS AS WELL AS WRITTEN EMPLOYMENT CONTRACTS, THE APPROVAL OF COMPENSATION IS DISCUSSED AND VOTED ON BY THE BOARD THROUGH THE BUDGET PROCESS, AND DOCUMENTED WITHIN THE BOARD MEETING MINUTES. THIS PROCESS WAS LAST COMPLETED DURING 2023. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE SUPERVISION OF OFFICERS, DIRECTORS, OR KEY EMPLOYEES TO BANE CARE MANAGEMENT. DUTIES INCLUDE SUPERVISING PERSONNEL AND PLANNING AND EXECUTING FINANCIAL OPERATIONS. NO CURRENT OR FORMER OFFICERS/EMPLOYEES OF THE ORGANIZATION WORK FOR THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS METRO HEALTH FOUNDATION OF MASSACHUSETTS, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF METRO HEALTH FOUNDATION OF MASSACHUSETTS, INC. SHALL AUTOMATICALLY AND SIMULTANEOUSLY SERVE AS THE BOARD OF DIRECTORS OF THE BOSTONIAN FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO FILING WITH THE IRS, A COMPLETE COPY OF THE FORM 990 IS PRESENTED AND REVIEWED BY THE CFO OF BANE CARE MANAGEMENT AND MEMBERS OF THE GOVERNING BODY FOR FINAL REVIEW. UPON FINAL REVIEW AND APPROVAL BY THE MEMBERS OF THE GOVERNING BODY, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 A STUDY IS CONDUCTED BY THE MANAGEMENT COMPANY, WHICH USES COMPARABILITY DATA ON SALARIES WITHIN THE INDUSTRY. USING THESE REPORTS AS WELL AS WRITTEN EMPLOYMENT CONTRACTS, THE APPROVAL OF COMPENSATION IS DISCUSSED AND VOTED ON BY THE BOARD THROUGH THE BUDGET PROCESS, AND DOCUMENTED WITHIN THE BOARD MEETING MINUTES. THIS PROCESS WAS LAST COMPLETED DURING 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. METRO HEALTH FOUNDATION OF MASSACHUSETTS INC 350 GRANITE STREET 2203 BRAINTREE MA 02184 582211053 NURSING FACILITY GA 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0