2023-03-17T15:17:12-05:00 2022-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2021-07-01 042921507 NORTH AMERICAN FAMILY INSTITUTE INC NORT 9785380286 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 PAMELA ROCHA TREASURER & CFO 9785380286 2023-03-17 1 PAMELA ROCHA 999009999 STEPHANIE LONCZAK P01880207 6179881000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR YITZHAK BAKAL 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 7848572 0 9242 X WWW.NAFI.COM X 1986 MA TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPALS OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES. 11 11 134 13 0 0 26298 64931 7004715 7680385 98311 95946 3440 7310 7132764 7848572 0 0 0 0 4836513 5030097 0 0 0 1839608 2109145 6676121 7139242 456643 709330 8201283 8876686 5225685 5286474 2975598 3590212 X TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPLES OF DIGNITY ANDRESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES TO GROW AND CHANGEIN ORDER TO BETTER THEIR LIVES. 1 0 1770646 0 2051506 SENIOR SERVICES: NORTH AMERICAN FAMILY INSTITUTE OFFERS ALTERNATIVE SERVICES TO SENIORS. HOMECARE CHOICES OFFERS A NEW LEVEL OF COMPANION AND QUALITY IN HOME CARE SERVICES ON CAPE COD AND THE ISLANDS. HOMECARE CHOICES OFFERS A UNIQUE, CUSTOMIZED AND CLIENT-FOCUSED EXPERIENCE TO SENIORS SEEKING TO REMAIN HAPPILY AND SAFELY AT HOME, ON THEIR OWN TERMS. 705961 0 802546 EVIDENCE BASED SERVICES: NORTH AMERICAN FAMILY INSTITUTE OFFERS EVIDENCE BASED PREVENTION SERVICES, KNOWN AS PARENTING WITH LOVE AND LIMITS, FOR ADJUDICATED DELINQUENTS IN THE STATE OF FLORIDA THAT INCLUDES FAMILY SUPPORT, COMMUNITY CONNECTIONS AND EDUCATIONAL AND THERAPEUTIC RESOURCES. 257988 0 166360 COMMUNITY BUILDING SERVICES: NORTH AMERICAN FAMILY INSTITUTE OFFERS ALTERNATIVE SERVICES TO YOUTH BASED ON PEER EMPOWERMENT, GROUP WORK, ACCOUNTABILITY AND RECOGNITION FOR POSITIVE CHOICES.YOUTH LINK IS AN INNOVATIVE PREVENTION INITIATIVE THAT OFFERS A SYSTEM OF SKILLS AND STRATEGIES THAT ARE COMBINED TO BUILD LASTING TRUST AND POSITIVE RELATIONSHIPS BETWEEN YOUTH AND THE COMMUNITY OF ADULTS IN THEIR LIVES. YOUTH LINK SERVICES ENGAGE YOUTH AND COMMUNITITES IN POSITIVE SOCIAL CHANGE TO REDUCE VIOLENCE AND GANG INVOLVEMENT BY CREATING SUSTAINABLE POSITIVE RELATIONSHIPS AMONG TEENS AND ADULTS, REPLACING ANIMOSITY AND DISTRUST WITH MUTUAL RESPECT AND UNDERSTANDING. 460135 0 4667283 OTHER PROGRAMS ALSO CONSISTS OF INTERCOMPANY TRANSACTIONS WITH FOUR SUBSIDIARY CORPORATIONS AND CONTRIBUTION REVENUE. 460135 0 4667283 3194730 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 23 0 1 134 1 0 0 0 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA MA NY X X HILDEGARDE PARIS 9788824878 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 HOWARD RICH CHAIRMAN OF THE BOARD 0.69 0.46 X X 0 0 0 DR BARBARA VINICK CLERK/DIRECTOR 0.23 0.46 X X 0 0 0 ROGER MARCORELLE DIRECTOR 0.69 0.46 X 0 0 0 BARNET WEINSTEIN DIRECTOR 0.23 0.46 X 0 0 0 DR NANCY GROSSMAN DIRECTOR 0.38 0.69 X 0 0 0 DR WILLIAM MADAUS DIRECTOR 0.15 0.00 X 0 0 0 JAMES ZAFRIS DIRECTOR 0.69 0.46 X 0 0 0 MARGARET N ZUSKY DIRECTOR 0.23 0.00 X 0 0 0 DR MATTHEW SAGAL DIRECTOR 0.23 0.35 X 0 0 0 DR JACKIE ROSARIO DIRECTOR 0.19 0.46 X 0 0 0 DR KATHERINE TURNER DIRECTOR 0.23 0.46 X 0 0 0 STEVE HAHN DIRECTOR 0.23 0.00 X 0 0 0 DR HARVEY LOWELL DIRECTOR 0.23 0.12 X 0 0 0 DR YITZHAK BAKAL PRESIDENT 38.00 0.00 X 1378773 0 34291 HILDEGARDE PARIS CHIEF OPERATING OFFICER 40.00 0.10 X 239993 0 32891 PAMELA ROCHA TREASURER/CHIEF FIN OFFICER 40.00 2.00 X 141101 0 23607 HOLLY ROY ASSISTANT CLERK 40.00 0.00 X 39124 0 4092 DR PAUL DANN EXECUTIVE DIRECTOR 0.00 40.00 X 220209 0 30853 LYNN BISHOP EXECUTIVE DIRECTOR 0.00 40.00 X 206250 0 26063 LYDIA TODD EXECUTIVE DIRECTOR 0.00 40.00 X 184155 0 21625 DR CHUCK MYERS EXECUTIVE DIRECTOR 0.00 40.00 X 147346 0 16997 KATHRYN SWEENEY ED OF ADMIN & FIN 40.00 0.00 X 115754 22966 23128 2672705 22966 213547 13 0 1 0 UKG INC 2000 ULTIMATE WAY WESTON FL 33326 PAYROLL SERVICES 366108 KPMGLLP PO BOX 120001 DALLAS TX 75312 AUDIT SERVICES 203475 NETSMART TECHNOLOGIES INC PO BOX 823519 PHILADELPHIA PA 19182 INFO TECHNOLOGY 190164 JMK SYSTEMS SOLUTIONS INC 20 BROADWAY AVENUE IPSWICH MA 01938 INFO TECHNOLOGY 158279 SAVANNAH FAMILY INSTITUTE INC PO BOX 30381 SAVANNAH GA 31410 LICENSE FEES 154516 5 64931 29747 64931 FEES/CONTRACTS FROM GO 624100 7680385 7680385 7680385 95946 95946 MISCELLANEOUS 624100 7310 7310 7310 7848572 7687695 0 95946 675695 675695 3256504 1797165 1459339 772328 294119 478209 325570 148798 176772 6138 6138 301820 301820 611245 217802 393443 28596 11636 16960 89373 22379 66994 155996 5461 150535 299074 178450 120624 59118 59314 -196 12791 6546 6245 616 238 378 190808 139942 50866 49081 28284 20797 LICENSE/FEES/SUBSCRIPTI 178128 164032 14096 OTHER DIRECT 83246 83112 134 CONSUMABLES 28172 28172 EQUIPMENT 14943 9280 5663 7139242 3194730 3944512 0 687382 838572 4105088 4937513 0 0 222824 393205 0 0 0 0 160407 106285 0 0 531227 465175 6743778 5606728 1349854 1137050 715876 633211 0 0 0 0 0 0 428625 365675 8201283 8876686 3427210 3871964 0 0 32328 14088 0 0 0 0 0 0 1006124 683058 0 0 760023 717364 5225685 5286474 X 2895800 3512985 79798 77227 2975598 3590212 8201283 8876686 709330 -94716 0 X 0 1 X 1 0 X 145850 73676 94125 26298 64931 404880 9750098 10083553 6352193 7004715 7680385 40870944 9895948 10157229 6446318 7031013 7745316 41275824 105233 5000 10000 12450 6000 138683 0 105233 5000 10000 12450 6000 138683 41137141 67907 80410 101065 98311 95946 443639 67907 80410 101065 98311 95946 443639 1177 18479 13877 3440 7310 44283 9965032 10256118 6561260 7132764 7848572 41763746 0.98500 0.98500 0.01060 0.00920 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 1,177. 2018 AMOUNT: $ 18,479. 2019 AMOUNT: $ 13,877. 2020 AMOUNT: $ 3,440. 2021 AMOUNT: $ 7,310. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224753 224753 1349474 1003072 346402 3654219 3203897 450322 1312367 1228011 84356 202965 171748 31217 1137050 DUE TO AFFILIATES 717364 717364 X 7753856 -94716 -94716 7848572 0 7848572 7139242 0 7139242 0 7139242 PART X, LINE 2: NAFI IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). NAFI HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. X X X 0 1 0 0 0 0 0 1 0 DR YITZHAK BAKAL PRESIDENT 271796 0 0 0 1106977 0 27386 0 6905 0 1413064 0 1106977 0 HILDEGARDE PARIS CHIEF OPERATING OFFICER 239993 0 0 0 0 0 24877 0 8014 0 272884 0 0 0 DR PAUL DANN EXECUTIVE DIRECTOR 220209 0 0 0 0 0 23403 0 7450 0 251062 0 0 0 LYNN BISHOP EXECUTIVE DIRECTOR 202250 0 4000 0 0 0 20862 0 5201 0 232313 0 0 0 LYDIA TODD EXECUTIVE DIRECTOR 184155 0 0 0 0 0 18636 0 2989 0 205780 0 0 0 PAMELA ROCHA TREASURER/CHIEF FIN OFFICER 139101 0 2000 0 0 0 15252 0 8355 0 164708 0 0 0 DR CHUCK MYERS EXECUTIVE DIRECTOR 147346 0 0 0 0 0 11744 0 5253 0 164343 0 0 0 KATHRYN SWEENEY ED OF ADMIN & FIN 115754 22966 0 0 0 0 15991 0 5680 1457 137425 24423 0 0 PART I, LINE 4B DR. YITZHAK BAKAL PARTICIPATES IN A SUPPLEMENTAL RETIREMENT PLAN ARRANGEMENT SUBJECT TO SECTION 457(F). AS PART OF THE TERMS OF THIS ARRANGEMENT, $1,106,977 VESTED AS OF JANUARY 1, 2021 AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS OF THAT DATE. THE PAYMENT OF THIS AMOUNT TO DR. BAKAL HAS NOT YET BEEN MADE AS THE PAYMENT IS CONTINGENT UPON HIS SEPARATION OF SERVICE WHICH HAS NOT YET OCCURRED. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED NON-FIXED PERFORMANCE BASED BONUS PAYMENTS THAT ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(III). X 2747 FMV X FURNITURE 4 27000 FMV 0 0 0 FORM 990, PART III, LINE 2 RESPITE RESIDENTIAL SERVICES: NORTH AMERICAN FAMILY INSTITUTE OPENED A WELCOME AND RESPITE CENTER IN BARTOW FLORIDA THIS SPRING. THE FACILITY IS A 12 BED CO-ED PROGRAM PROVIDING RESPITE SERVICES FOR YOUTH WHO HAVE BEEN REMOVED FROM HOME AND/OR ANOTHER PLACEMENT. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS GATHERED FROM THE BUSINESS OFFICE/EXECUTIVE DIRECTOR BY THE CHIEF FINANCIAL OFFICER AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH INDEPENDENT TAX AUDITORS. ONCE COMPLETED, THE DRAFT FORM IS REVIEWED AND FORWARDED BY THE CFO TO THE NAFI/NFI AUDIT COMMITTEE FOR REVIEW PRIOR TO ITS SUBMISSION. THE AUDIT COMMITTEE HAS BEEN AUTHORIZED TO REVIEW AND APPROVE THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. A FILING COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO SUBMISSION OF SIGNED BOARD MEMBER ANNUAL STATEMENT AFFIRMING RECEIPT OF THE CONFLICT OF INTEREST POLICY, THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY AND UNDERSTAND THAT THE CORPORATION IS CHARITABLE AND MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ITS CHARITABLE PURPOSES, BOARD MEMBERS HAVE A DUTY TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST. WHEN SUCH A DISCLOSURE IS MADE, THE BOARD OF DIRECTORS WILL DISCUSS THE ISSUE WITH THE INTERESTED PARTY. THE INTERESTED PARTY WILL THEN LEAVE THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR HAS FAILED TO DISCLOSE A POSSIBLE CONFLICT OF INTEREST, THE BOARD WILL AFFORD THAT DIRECTOR AN OPPORTUNITY TO EXPLAIN. THE BOARD WILL CONDUCT FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES. THAT DIRECTOR WILL BE RECUSED FROM THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD DETERMINES THAT THE BOARD MEMBER FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF NAFI TOP MANAGEMENT OFFICIALS, INCLUDING THE CEO, ALL OFFICERS, AND KEY EMPLOYEES, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S BOARD OF DIRECTORS WHO ARE INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. PRIOR TO MAKING ANY COMPENSATION DECISIONS, NAFI CONDUCTS PERIODIC ANALYSIS OF LIKE POSITIONS AT COMPARABLE HUMAN SERVICE ORGANIZATIONS. THE COO COMPLETES EVALUATION SUMMARIES OF ALL EXECUTIVE DIRECTORS WHICH ARE REVIEWED, DISCUSSED AND APPROVED AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ALSO COMPLETES AN EVALUATION SUMMARY FOR THE COO AND FOLLOWS THE SAME REVIEW AND APPROVAL PROCESS. ONCE COMPENSATION IS DETERMINED, IT IS ADEQUATELY DOCUMENTED BY THE COO AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON THE WEBSITE OF THE MASSACHUSETTS'S ATTORNEY GENERAL AND WWW.GUIDESTAR.ORG. NFI MASSACHUSETTS INC 300 ROSEWOOD DRIVE SUITE 101 DANVERS MA 01923 237378470 SOCIAL SERVICES MA 501(C)(3) 10 NAFI 1 NFI NORTH INC 40 PARK LANE CONTOOCOOK NH 03229 043161042 SOCIAL SERVICES NH 501(C)(3) 10 NAFI 1 NFI VERMONT INC 30 AIRPORT ROAD SOUTH BURLINGTON VT 05403 030304434 SOCIAL SERVICES VT 501(C)(3) 10 NAFI 1 NAFI CONNECTICUT INC 20 BATTERSON PARK ROAD STE 300 FARMINGTON CT 06032 900059160 SOCIAL SERVICES CT 501(C)(3) 10 NAFI 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 NFI VERMONT INC L 994965 % OF REVENUE NFI VERMONT INC P 71869 ACTUAL EXPENSE NFI MASSACHUSETTS INC L 1324305 % OF REVENUE NFI NORTH INC L 1765645 % OF REVENUE NFI NORTH INC P 106738 ACTUAL EXPENSE NAFI CONNECTICUT INC L 1198049 % OF REVENUE NAFI CONNECTICUT INC P 341205 ACTUAL EXPENSE RELATED PARTY TRANSACTIONS NFI VERMONT, INC. NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI) CHARGES AN AFFILIATE, NFI VERMONT, INC. (NFIV) AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $994,965 FOR THE YEAR ENDED JUNE 30, 2022, AND HAVE BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFIV PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $5,310 FOR THE YEAR ENDED JUNE 30, 2022 AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CONTRACTED SERVICES EXPENSES WITHIN THE STATEMENT OF FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2022 IN THE AMOUNT OF $71,869. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND IS EXPECTED TO BE PAID WITHIN ONE YEAR. NFI MASSACHUSETTS, INC. NAFI CHARGES AN AFFILIATE, NFI MASSACHUSETTS, INC. (NFI) AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $1,324,305 FOR THE YEAR ENDED JUNE 30, 2022 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFI PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $10,735 FOR THE YEAR ENDED JUNE 30, 2022 AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE AS OF JUNE 30, 2022 FROM NAFI IN THE AMOUNT OF $47,882. THESE AMOUNTS HAVE BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND IS EXPECTED TO BE PAID WITHIN ONE YEAR. NFI NORTH, INC. NAFI CHARGES AN AFFILIATE, NFI NORTH, INC. (NFIN), AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $1,765,645 FOR THE YEAR ENDED JUNE 30, 2022, AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CONTRACTED SERVICES EXPENSES WITHIN THE STATEMENT OF FUNCTIONAL EXPENSES. IN ADDITION, NFIN PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $33,757 FOR THE YEAR ENDED JUNE 30, 2022, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2022 IN THE AMOUNT OF $106,738. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND IS EXPECTED TO BE PAID WITHIN ONE YEAR. NAFI CONNECTICUT, INC. NAFI CHARGES AN AFFILIATE, NAFI CONNECTICUT, INC. (NAFICT), AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $1,198,049 FOR THE YEAR ENDED JUNE 30, 2022 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CONTRACTED SERVICES EXPENSES WITHIN THE STATEMENT OF FUNCTIONAL EXPENSES. IN ADDITION, NAFICT PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $27,534 FOR THE YEAR ENDED JUNE 30, 2022, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2022 IN THE AMOUNT OF $341,205. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION OF $274,905 EXPECTED TO BE PAID WITHIN ONE YEAR.