2023-08-15T17:32:25+00:00 2022-09-30 346565596 ERNST YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990 2021-10-01 383707573 NewBridge on the Charles Inc NEWB 6173258000 1200 CENTRE STREET BOSTON MA 02131 LOUIS J WOOLF PRESIDENT CEO 6173258000 2023-08-15 true JAMES HART 999009999 George Pagano P01978122 6172662000 2023-07-19 2021 2023-04-26 12:10:37Z LOUIS J WOOLF PRESIDENT CEO 1200 CENTRE STREET BOSTON MA 02131 55740429 false X WWW.HEBREWSENIORLIFE.ORG X 2004 MA TO OPERATE A CONTINUING CARE RETIREMENT LIVING THAT CAN ENRICH AND ENHANCE THEIR LIVES, COMBINED WITH SAFETY AND HEALTHCARE OPTIONS. 4 2 432 65 0 0 1237653 608608 49434998 51917495 3579950 2977309 214374 237017 54466975 55740429 0 0 0 0 25408053 26923638 0 0 0 40483922 42336013 65891975 69259651 -11425000 -13519222 302355064 273146187 488467435 482981724 -186112371 -209835537 X IN THE SPIRIT OF THE FIFTH COMMANDMENT, AS ILLUMINATED BY THE TRADITIONS OF THE JEWISH PEOPLE, OUR MISSION IS TO HONOR OUR ELDERS, BY RESPECTING AND PROMOTING THEIR INDEPENDENCE, SPIRITUAL VIGOR, DIGNITY AND CHOICE, AND BY RECOGNIZING THAT SENIORS ARE A RESOURCE TO BE CHERISHED. (CONTINUED ON SCHEDULE O) false false 33313142 0 21715551 INDEPENDENT LIVING WHEN MOVING TO NEWBRIDGE ON THE CHARLES, INC. (NBOC) RESIDENTS ENJOY THE FREEDOM FROM HOME OWNERSHIP, THE CONVENIENCE OF SERVICES AND AMENITITES, AND THE FLEXIBILITY TO ENJOY A WIDE RANGE OF ACTIVITIES. PERHAPS THE BIGGEST BENEFIT IS PEACE OF MIND THAT COMES WITH KNOWING THEY HAVE A FULL SPECTRUM OF HEALTH CARE SERVICES AND LIVING ACCOMODATIONS AS THEIR NEEDS CHANGE OVER TIME. THIS CONTINUUM OF CARE EXTENDS FROM INDEPENDENT LIVING TO ASSISTED LIVING, TO SKILLED REHABILITATIVE AND LONG-TERM NURSING CARE, ALL IN ONE COMMUNITY. A MEDICAL PRACTICE AS WELL AS HOME HEALTH CARE CENTER IS AVAILABLE ON THE CAMPUS. IN OUR HEALTH CARE CENTER, CARE IS PROVIDED FROM AN INTERDISCIPLINARY TEAM OF SPECIALISTS FROM HEBREW REHABILITATION CENTER (HRC)/HEBREW SENIORLIFE, INC. (HSL) - AN INTERNATIONALLY RECOGNIZED LEADER IN GERIATRIC RESEARCH, TRAINING AND EDUCATION. THIS TEAM INCLUDES GERIATRICIANS/PHYSICIANS, GERIATRIC NURSE PRACTITIONERS, REHABILITATION SPECIALISTS, SOCIAL WORKERS, AND CERTIFIED NURSE ASSISTANTS, WORKING TOGETHER TO ENSURE AN INDIVIDUAL'S CARE PLAN IS COMPREHENSIVE AND SEAMLESS. AT NEWBRIDGE ON THE CHARLES (NBOC), IT'S ALL ABOUT BUILDING A LIFESTYLE THAT BEST SUITS YOUR PREFERENCES AND NEEDS. FOR EXAMPLE, IF ONE SPOUSE REQUIRES ASSISTANCE WITH DAILY LIVING WHILE THE OTHER IS INDEPENDENT, OR, IF BOTH WANT TO LIVE INDEPENDENTLY BUT NEED SPECIALIZED CARE OR SUPPORT, NBOC OFFERS HOME HEALTH CARE SERVICES AND SPECIALTY OUTPATIENT CLINICS. RESIDENTS ALSO HAVE OPTIONS WHEN IT COMES TO RECUPERATIVE SERVICES IN SHORT OR LONG-TERM CARE. WE OFFER RESIDENTS PRIORITY AND FLEXIBILITY IN HELPING THEM MAKE DECISIONS WHEN THEY ARE FACED WITH MEDICAL CARE ISSUES. NBOC IS A COMMUNITY DESIGNED FOR INDEPENDENT LIVING, OFFERING FLEXIBILITY TO RESIDENTS WHO ENJOY SCHEDULING THEIR OWN DAILY ACTIVITIES WHILE KNOWING THEY CAN BE SPONTANEOUS AT ANY GIVEN MOMENT. WE CONTINUALLY OFFER NEW PROGRAMS, WORKSHOPS, AND EVENTS AS PART OF OUR COMMITMENT TO LIFELONG LEARNING. OUR PHILOSOPHY OF LIFELONG LEARNING GOES HAND IN HAND WITH OUR APPROACH OF PROVIDING A CONTINUUM OF WELLNESS, ADDRESSING THE "WHOLE PERSON, AND INTEGRATING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL DIMENSIONS OF AGING. THE COTTAGE COMMUNITY AT NBOC IS DESIGNED FOR OLDER ADULTS WHO VALUE AN ACTIVE, INDEPENDENT LIFESTYLE. LIFE IN THE COTTAGES OFFERS A COMBINATION OF PRIVATE HOME LIVING AND CLOSE PROXIMITY TO NBOC'S SELECTION OF PROGRAMS, AMENITIES, AND ACTIVITIES. COTTAGE RESIDENTS CAN SELECT FROM THREE HOME MODELS, EACH OFFERING DIFFERENT FINISHES AND FLOOR PLAN CHOICES. HOMES RANGE FROM 1,475 TO 2,700 SQUARE FEET. SOME INCLUDE A LOWER LEVEL, A LOFT, OR BOTH INCREASING THE LIVING SPACE UP TO 3,200 SQUARE FEET. HOMES ALSO FEATURE A PRIVATE ONE OR TWO-CAR GARAGE. SITUATED IN A QUIET, PRIVATE SETTING, THE VILLAS AT NBOC ARE CONVENIENTLY ACCESSIBLE TO THE COMMUNITY CENTER BY AN UNDERGROUND WALKWAY OR THROUGH THE COURTYARD GARDEN. THE SPACIOUS INTERIORS OFFER HIGH CEILINGS, EXCEPTIONAL AMENITIES, LARGE WINDOWS, AND UNDERGROUND PARKING. THE TWO-BEDROOM VILLAS, WHICH ARE MORE INTIMATE VERSIONS OF OUR APARTMENTS, RANGE IN SIZE FROM 1,589 TO 1,800 SQUARE FEET. EACH VILLA IS A CORNER RESIDENCE TO ALLOW FOR PLENTY OF LIGHT, WITH EACH HOME SERVED BY AN ELEVATOR LOCATED IN A LOBBY IN THE CENTER OF THE BUILDING. FOR OPTIMAL CONVENIENCE, THE NBOC APARTMENTS ARE LOCATED WITHIN THE CARL J. AND RUTH SHAPIRO COMMUNITY CENTER AND TWO ADJACENT BUILDINGS. THESE HOMES OFFER COZY AND INNOVATIVE FLOOR PLANS RANGING IN SIZE FROM NEARLY 1,000 TO JUST OVER 2,000 SQUARE FEET. THEY FEATURE GOURMET KITCHENS, NINE-FOOT CEILINGS, AND EXPANSIVE WINDOWS PROVIDING EXCEPTIONAL VIEWS OF THE MEADOWS, GARDENS AND COURTYARDS. ALL APARTMENTS HAVE ACCESS TO UNDERGROUND PARKING SPACES, AND SPACIOUS STORAGE LOCKERS. WHILE OTHER FEATURES INCLUDE SCREENED-IN PORCHES, FIREPLACES, AND A GREAT ROOM. 12721962 0 18440486 RECUPERATIVE SERVICES UNIT/SNF HRC AT NBOC, LOCATED IN THE GLORIA ADELSON FIELD HEALTH CENTER, IS A PIONEERING STATE-OF-THE ART GERIATRIC HEALTH CARE CENTER THAT OFFERS COMPREHENSIVE SHORT-TERM REHABILITATIVE SERVICES, LONG-TERM CARE, AND A MEMORY CARE UNIT. BUILDING ON HEWBREW SENIORLIFE'S HOLISTIC APPROACH TO CARE, HRC SERVES AS GROUND-BREAKING MODEL IN CREATING AN OPTIMAL LIVING ENVIRONMENT AND PROVIDING THE TYPES OF SERVICES AND PROGRAMS THAT SENIORS BEST RESPOND TO PHYSICALLY AND EMOTIONALLY WHEN IN SHORT OR LONG-TERM CARE. THE PRIVATE ROOMS AND COMMON LIVING SPACES RESEMBLE ALL THE CHARM AND COZINESS OF HOME, PROVIDING PLENTY OF NATURAL LIGHT, WARMTH, AND COMFORT. WE OFFER THE COMMUNITY ACCESS TO AN OUTSTANDING ARRAY OF REHABILITATION OPTIONS THROUGH OUR RECUPERATIVE SERVICES UNIT (RSU), WHICH IS A SKILLED NURSING UNIT. ON THE NBOC CAMPUS THERE ARE 48 BEDS FOR SHORT-TERM REHABILITATION CARE. PHYSICIANS REPRESENTING DOZENS OF MEDICAL SPECIALTIES, AS WELL AS NURSES, AND THERAPISTS, ARE AVAILABLE FOR CONSULTATION TO ENSURE THAT EVERY PATIENT NEED IS ADDRESSED. OUR INTAKE COORDINATOR AND CASE MANAGERS WILL SCREEN THE PATIENT AND EITHER ACCEPT OR DENY ADMISSION. IF THE REFERRAL IS ACCEPTED, WE WILL ARRANGE A TRANSFER TIME WITH THE APPROPRIATE CASE MANAGER AT THE HOSPITAL. OUR INTAKE COORDINATOR AND CASE MANAGERS WILL SCREEN THE PATIENT AND EITHER ACCEPT OR DENY ADMISSION. IF THE REFERRAL IS ACCEPTED, WE WILL ARRANGE A TRANSFER TIME WITH THE APPROPRIATE CASE MANAGER AT THE HOSPITAL. 6469383 0 10888235 ASSISTED LIVING THE TRADITIONAL ASSISTED LIVING PROGRAM AT NBOC IS A KEY COMPONENT OF OUR CONTINUING CARE RETIREMENT COMMUNITY (CCRC) PROVIDING THE OPPORTUNITY FOR THOSE WHO WISH TO LIVE IN A SUPPORTIVE COMMUNITY OR FOR CURRENT INDEPENDENT LIVING RESIDENTS TO CONTINUE RESIDING ON OUR CAMPUS. IN 51 TRADITIONAL ASSISTED LIVING APARTMENTS, NBOC FOSTERS A DEEP SENSE OF COMMUNITY AND HOME AWAY FROM HOME IN A COMPASSIONATE ENVIRONMENT FOR SENIORS. AT THE CORE OF THIS AREA IS A FULL SERVICE DINING ROOM AND LIBRARY AS WELL AS ACTIVITY AND MEETING ROOMS. IN ADDITION TO PROVIDING PERSONALIZED SUPPORTIVE SERVICES IN A WARM AND INVITING SETTING, OUR TRADITIONAL ASSISTED LIVING PROGRAM REFLECTS THE MANY SERVICES, PROGRAMS, AND AMENITIES UNIQUE TO NBOC. FOR EXAMPLE, RESIDENTS HAVE PLENTY OF OPPORTUNITIES TO ENJOY A WIDE RANGE OF LIFELONG LEARNING ACTIVITIES, MUSIC AND ART PRESENTATIONS, WELLNESS PROGRAMS AND MULTIGENERATIONAL ACTIVITIES WITH STUDENTS FROM THE NEIGHBORING RASHI SCHOOL. THE NBOC MEMORY SUPPORT ASSISTED LIVING PROGRAM IS A NATIONALLY RENOWNED MODEL OF COMPREHENSIVE CARE DESIGNED TO ENHANCE COGNITIVE AND PHYSICAL ABILITIES IN A SAFE ENVIRONMENT. AS A KEY COMPONENT OF THE ASSISTED LIVING PROGRAM, THERE ARE 41 APARTMENTS ON THE NBOC CAMPUS FOR THOSE WITH DEMENTIA-RELATED CONDITIONS. WE OFFER AN INDIVIDUALIZED CARE PLAN FOR EACH RESIDENT, FOCUSING ON THERAPIES AND APPROACHES THAT ARE SPECIFIC TO EACH INDIVIDUAL'S STRENGTHS AND NEEDS THROUGHOUT DAILY ACTIVITIES. ONE OF THE MANY BENEFITS WE OFFER IS THE CONVENIENCE OF NOT HAVING TO TRAVEL FOR MEDICAL APPOINTMENTS. RESIDENTS MAY CHOOSE TO JOIN OUR ONSITE PRIMARY CARE PRACTICE, LOCATED IN THE HEALTH CARE CENTER. OUR HARVARD MEDICAL SCHOOL-AFFILIATED GERIATRICIANS PROVIDE CONTINUOUS, COORDINATED, AND SEAMLESS CARE. WE FOCUS ON ENCOURAGEMENT, DIGNITY, AND CREATING FEELINGS OF SUCCESS. AMONG OUR MANY BENEFITS, WE OFFER: - INDIVIDUALIZED SERVICE PLANS - PRIVATE STUDIO APARTMENTS WITH INDIVIDUAL BATHS - THREE NUTRITIOUS "HEALTHY MIND" MEALS AND SNACKS - RESIDENT-SECURE ENTRY AND EXIT - ENCLOSED COURTYARD AND GARDENS - REGULARLY SCHEDULED ENRICHMENT AND FITNESS PROGRAMS - 24-HOUR PROFESSIONAL RESIDENT CARE STAFF - ON-SITE NURSING STAFF - INCONTINENCE CARE, AND - MEDICATION MANAGEMENT 1247131 0 873223 OTHER PROGRAM SERVICE REVENUE IS MADE UP OF INCOME FROM RESIDENTS AND THEIR GUESTS FOR VARIOUS SERVICES THAT NBOC PROVIDES (THE EXPENSES), INCLUDING CULINARY, TELECOMMUNICATIONS, MISCELLANEOUS, GUEST SUITES, PERSONAL CARE, AND ACTIVITY FEES. 1247131 873223 53751618 true true false false false false false true false true false false true true false true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 79 0 true 432 true false false false false false false false false false false false false X 4 2 false false false false true true true true true false false true true true true true true false true false MA X X CAROLE JOHNSON 6173258000 1200 CENTRE STREET BOSTON MA 02131 JAMES D HART SECRETARY CHIEF FIN. OFFICER 4.0 46.0 X X 0 491138 67006 LOUIS J WOOLF PRESIDENT AND CEO 4.0 46.0 X X 0 1235441 105921 MARSHA COHEN TREASURER 0.1 3.0 X X 0 0 0 MELISSA BAYER TEARNEY BOARD CHAIR 0.1 3.0 X X 0 0 0 ERIC ROGERS CHIEF INFORMATION OFFICER 4.0 46.0 X 0 301494 69279 MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. HRC 2.0 48.0 X 0 522494 62884 MATTHEW W HOLLINGSHEAD EXECUTIVE DIRECTOR 50.0 0 X 189008 0 53104 RHONDA D GLYMAN EXE. DIR. ASSISTED LIVING NBOC 30.0 20.0 X 57142 132513 30170 STEPHEN COLWELL EXECUTIVE DIRECTOR 50.0 0 X 186487 0 30459 DEBORAH L LEMMERMAN CHIEF PEOPLE OFFICER (THRU 01/2022) 4.0 46.0 X 0 265927 65210 HELEN CHEN MD CHIEF MEDICAL OFFICER 2.0 48.0 X 0 417284 47214 KATELYN QUYNN CHIEF DEV OFF VP BOARD REL 4.0 46.0 X 0 477487 72832 KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 5.0 45.0 X 0 429739 63108 LEWIS LIPSITZ MD DIR, HMIFAR CHIEF ACAD. OFF 0.5 49.5 X 0 394795 97648 RACHEL LERNER ESQ GEN. CNSL. CHIEF COMP. OFF. 4.0 46.0 X 0 340148 60767 RACHEL WHITEHOUSE CHIEF COMM. PLAN OFFICER 4.0 46.0 X 0 305525 69677 TAMMY B RETALIC MS RN CHIEF NURSING OFF. VP PCS 2.0 48.0 X 0 319420 115600 FERNANDO A RODRIGUES DIRECTOR OF FACILITIES 45.0 0 X 122371 0 48065 GARY J TSACOYIANIS CHIEF FACILITIES ENGINEER 45.0 0 X 106136 0 9220 JOSHUA L FERRARO DIRECTOR OF FOOD AND BEVERAGE 45.0 0 X 106144 0 40688 VICTOR M FURTADO DIRECTOR OF SECURITY 45.0 0 X 108216 0 39170 875504 5633405 1148022 6 false true false 0 608608 608608 INDEPENDENT LIVING FEES 623000 18546603 18546603 ASSISTED LIVING FEES 623000 10888235 10888235 HEALTHCARE CENTER 623000 18440486 18440486 EARNED ENTRANCE FEES 623000 3168948 3168948 CULINARY 623000 266073 266073 607150 607150 0 0 51917495 2977309 2977309 237017 237017 0 237017 237017 0 0 0 0 0 0 0 55740429 51917495 0 3214326 375495 375495 19503291 15124319 4378972 7044852 2023868 5020984 25584 25584 2939746 2766529 173217 0 11465 11465 495765 139083 356682 949202 879324 69878 3152 960 2192 8488 2671 5817 10680689 10680689 1567846 1567846 18643672 18643672 800942 800942 SHARED SERVICES 2730424 2730424 FOOD AND BEVERAGE COST 2231907 2231907 REAL ESTATE TAXES 1247131 1247131 0 0 0 0 69259651 53751618 15508033 0 13105260 4997884 55148170 46820857 2183190 2076967 0 0 0 0 749458 282314 86160 98546 47890 143388 414009415 209472282 217667580 204537133 0 0 13367356 14189098 302355064 273146187 50075396 45174061 235720598 233000153 788405 752058 0 0 201883036 204055452 488467435 482981724 X -186212641 -209999484 100270 163947 -186112371 -209835537 302355064 273146187 X -13519222 -10430268 226324 X false true X true false X 1791182 2695533 1237653 608608 6332976 49762454 51553198 48571463 49434998 51917495 251239608 0 0 0 51553636 51553198 51266996 50672651 52526103 257572584 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 257572584 873943 1378658 1352864 3794324 3214326 10614115 0 873943 1378658 1352864 3794324 3214326 10614115 0 0 0 0 0 0 0 52427579 52931856 52619860 54466975 55740429 268186699 0.9604 0.9702 0.04 0.03 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 18158924 18158924 216464438 71602071 144862367 11571348 3112299 8459049 94174048 81411974 12762074 73640657 53345938 20294719 204537133 BOND FUND - DEBT SERVICE RESERVE 13437041 OTHER ASSETS 752057 14189098 REFUNDABLE ENTRANCE FEES 181074149 NON-REFUNDABLE ENTRANCE FEES 22611263 ENTRANCE FEE DEPOSITS 370040 204055452 45472808 -10430268 162647 -10267621 55740429 0 0 55740429 69259651 0 0 69259651 0 0 69259651 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE ESCROW ACCOUNT LIABILITY REPRESENTS 10% OF ENTRANCE FEE DEPOSITS RECEIVED FROM FUTURE RESIDENTS. THESE AMOUNTS ARE APPLIED AGAINST ENTRANCE FEES DUE WHEN RESIDENTS MOVE IN. ENTRANCE FEE DEPOSITS CONSIST PRIMARILY OF DEPOSITS RECEIVED FROM PROSPECTIVE RESIDENTS WHO HAVE ENTERED INTO A RESIDENCY AND CARE AGREEMENT. ENTRANCE FEES RECEIVED PRIOR TO OCCUPANCY ARE ACCOUNTED FOR AS REFUNDABLE DEPOSITS IN ACCORDANCE WITH THE TERMS OF THE RESIDENCY AND CARE AGREEMENT. THESE DEPOSIT AMOUNTS ARE HELD IN ESCROW, AND DEDUCTED FROM THE ENTRANCE FEE, WHICH IS PAYABLE UPON POSSESSION OF THE INDEPENDENT LIVING UNIT. ENTRANCE FEES ARE TYPICALLY DUE AT THE TIME A RESIDENT TAKES OCCUPANCY OF AN INDEPENDENT LIVING UNIT. HOWEVER, IN CERTAIN CIRCUMSTANCES, NEWBRIDGE ON THE CHARLES, INC. ALLOWS FOR A DEFERRAL OF PAYMENT, WITH INTEREST AT VARYING RATES, SO THAT THE RESIDENT MAY COMPLETE THE SALE OF THEIR HOME, AND USE THE PROCEEDS FROM THE SALE TO FUND THE ENTRANCE FEE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Insurance Proceeds - 162647 false true false true false true false false false JAMES D HART SECRETARY CHIEF FIN. OFFICER 0 352668 0 138059 0 411 0 5800 0 61206 0 558144 0 0 LOUIS J WOOLF PRESIDENT AND CEO 0 684786 0 550655 0 0 0 25300 0 80621 0 1341362 0 0 STEPHEN COLWELL EXECUTIVE DIRECTOR 186231 0 0 0 256 0 2579 0 27880 0 216946 0 0 0 RHONDA D GLYMAN EXE. DIR. ASSISTED LIVING NBOC 40579 132391 16499 0 64 122 0 2612 318 27240 57460 162365 0 0 MATTHEW W HOLLINGSHEAD EXECUTIVE DIRECTOR 172100 0 16846 0 62 0 3613 0 49491 0 242112 0 0 0 MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. HRC 0 378023 0 144471 0 0 0 5800 0 57084 0 585378 0 0 ERIC ROGERS CHIEF INFORMATION OFFICER 0 254461 0 46890 0 143 0 5774 0 63505 0 370773 0 0 KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 0 297402 0 132194 0 143 0 5800 0 57308 0 492847 0 0 HELEN CHEN MD CHIEF MEDICAL OFFICER 0 344166 0 72850 0 268 0 5800 0 41414 0 464498 0 0 DEBORAH L LEMMERMAN CHIEF PEOPLE OFFICER (THRU 01/2022) 0 265516 0 0 0 411 0 4825 0 60385 0 331137 0 0 RACHEL LERNER ESQ GEN. CNSL. CHIEF COMP. OFF. 0 246912 0 93174 0 62 0 5800 0 54967 0 400915 0 0 LEWIS LIPSITZ MD DIR, HMIFAR CHIEF ACAD. OFF 0 358738 0 36057 0 0 0 25300 0 72348 0 492443 0 0 KATELYN QUYNN CHIEF DEV OFF VP BOARD REL 0 359207 0 117869 0 411 0 25300 0 47532 0 550319 0 0 TAMMY B RETALIC MS RN CHIEF NURSING OFF. VP PCS 0 272318 0 46834 0 268 0 52967 0 62633 0 435020 0 0 RACHEL WHITEHOUSE CHIEF COMM. PLAN OFFICER 0 257645 0 47612 0 268 0 5225 0 64452 0 375202 0 0 FERNANDO A RODRIGUES DIRECTOR OF FACILITIES 122113 0 0 0 258 0 2614 0 45451 0 170436 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation HEBREW SENIORLIFE, INC. (HSL), THE PARENT ORGANIZATION, ESTABLISHES THE COMPENSATION OF THE ORGANIZATIONS' PRESIDENT/CEO AND CFO. HSL UTILIZES THE FOLLOWING IN ESTABLISHING SUCH COMPENSATION: COMPENSATION COMMITTEE WRITTEN EMPLOYMENT CONTRACT INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan LOUIS J. WOOLF, PRESIDENT AND CEO, KATELYN QUYNN, CHIEF DEVELOPMENT OFFICER VP OF BOARD RELATIONS, AND LEWIS LIPSITZ, MD, DIRECTOR, HMIFAR PARTICIPATED IN AN IRC SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN THAT INCLUDED $19,500 OF EMPLOYER CONTRIBUTIONS DURING THE YEAR. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C) FOR EACH LISTED INDIVIDUAL. Schedule J, Part I SCHEDULE J, PART I, LINES 5A, 5B, 6A, 6B EACH YEAR, HEBREW REHABILITATION CENTER WITHHOLDS A PORTION OF ITS SENIOR LEADERSHIP'S COMPENSATION TO CREATE AN "AT RISK" BONUS, WHICH IS THEN PAID, ON AN INCENTIVE BASIS, TO ITS SENIOR LEADERSHIP WHEN TARGET GOALS ARE REACHED. BEFORE ANY BONUS IS PAID OUT UNDER THIS ARRANGEMENT, HSL'S COMPENSATION COMMITTEE REVIEWS THE FINANCIAL POSITION OF THE ORGANIZATION, INCLUDING THE ORGANIZATION'S GROSS AND NET EARNINGS, AND, IF FEASIBLE, WILL APPROVE BONUSES TO ELIGIBLE SENIOR LEADERSHIP. BONUSES ARE BUDGETED EACH YEAR AS A PERCENTAGE OF THE ELIGIBLE EMPLOYEE'S BASE WAGES. THE PERCENTAGE PAYABLE RANGES FROM 5 TO 15 PERCENT. THE FOLLOWING EMPLOYEES RECEIVED BONUSES PAID OUT UNDER HRC'S BONUS ARRANGEMENT IN CALENDAR YEAR 2021: MATTHEW W. HOLLINGSHEAD $16,846 RHONDA D. GLYMAN $16,499 THIS AMOUNT IS INCLUDED IN BONUS INCENTIVE COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584X4P3 2017-12-19 236290000 SEE STATEMENT false false false A 237774151 0 246303247 13406950 0 0 1077863 0 0 0 0 0 2017 true true true true A false true true false false 0.021 0.0 0.021 false false true A false true false false false false false false true A true Schedule K, Part II, Line 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE OF THE BOND AND TOTAL PROCEEDS IS THE FOLLOWING: PAR AMOUNT $236,290,000 NET PREMIUM $ 11,823,722 UNDERWRITER DISCOUNT ($ 1,810,475) --------------- TOTAL $246,303,247 Schedule K, Part I, Column (f) THE PROCEEDS FROM THE SALE OF THE SERIES 2017 BONDS AND CERTAIN OTHER AVAILABLE MONIES WILL BE USED TO FINANCE AND REFINANCE THE FOLLOWING: (1) THE CURRENT REFUNDING OF ALL OR A PORTION OF THE OUTSTANDING PRINCIPAL AMOUNT OF THE REFUNDED BONDS, (2) FUND CERTAIN COST ASSOCIATED WITH THE TERMINATION OF AN INTEREST RATE SWAP, (3) FUND A DEBT SERVICE RESERVE FUND FOR THE SERIES 2017 BONDS, AND (4) PAY CERTAIN COSTS OF ISSUANCE IN CONNECTION WITH THE SERIES 2017 BONDS. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY NA Form 990, Part I, Line 22 DESCRIPTION OF NEGATIVE ASSETS THE NEGATIVE UNRESTRICTED NET ASSET BALANCE IS DUE TO REFUNDABLE ENTRANCE FEE LIABILITIES. REFUNDABLE ENTRANCE FEES ARE PAID TO FORMER RESIDENTS FROM THE PROCEEDS OF ENTRANCE FEES PAID BY NEW RESIDENTS. AS ENTRANCE FEES INCREASE OVER TIME, THE SIZE OF THE REFUNDABLE ENTRANCE FEE LIABILITY ALSO INCREASES, ASSUMING A STABLE RESIDENT CENSUS. Form 990, Part III, Line 1 (CONTINUED) AS PART OF OUR MISSION, WE ACCEPT SPECIAL RESPONSIBILITY FOR THE FRAILEST AND NEEDIEST MEMBERS OF OUR COMMUNITY WHO ARE SENIOR MOST DEPENDENT ON OUR CARE. EVERYTHING WE DO FLOWS FROM THESE TENETS AND IS FURTHER INSPIRED BY THE DUTY OF TIKKUN OLAM-TO HEAL THE WORLD. WE SEEK TO FULFILL THIS MISSION BY: - PROVIDING A COMPLETE AND INTEGRATED SPECTRUM OF THE HIGHEST QUALITY HEALTH CARE, HOUSING FACILITIES, AND SERVICES FOR SENIORS, - CONDUCTING MEDICAL AND SOCIAL GERONTOLOGICAL RESEARCH TO IMPROVE SENIORS' HEALTH AND QUALITY OF LIFE, - TEACHING FUTURE GENERATIONS OF HEALTH CARE PROFESSIONALS, - ADVOCATING FOR POLICIES AND PROGRAMS THAT BENEFIT SENIORS AND THEIR FAMILIES - PROVIDING NATIONAL AND INTERNATIONAL LEADERSHIP IN THE FIELDS OF SENIOR HEALTH CARE, HOUSING, RESEARCH AND TEACHING; AND - RAISING STANDARDS IN SENIOR HEALTH CARE AND HOUSING THROUGH INNOVATION AND LEADERSHIP AT THE LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,247,131 including grants of $ 0)(Revenue $ 873,223) OTHER PROGRAM SERVICE REVENUE IS MADE UP OF INCOME FROM RESIDENTS AND THEIR GUESTS FOR VARIOUS SERVICES THAT NBOC PROVIDES (THE EXPENSES), INCLUDING CULINARY, TELECOMMUNICATIONS, MISCELLANEOUS, GUEST SUITES, PERSONAL CARE, AND ACTIVITY FEES. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EXECUTIVES THE COMPENSATION COMMITTEE OF THE HSL BOARD, WITH THE ASSISTANCE OF DATA PROVIDED BY AN INDEPENDENT, EXPERT CONSULTANT, HAS REVIEWED THE PRESIDENT/CEO'S TOTAL COMPENSATION AND THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES AS WELL AS HIGHLY COMPENSATED EMPLOYEES (> $150,000) OF HSL AND ITS AFFILIATES. THE FULL HSL BOARD FURTHER REVIEWED AND APPROVED THE COMPENSATION OF THE OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES OF HSL AND ITS AFFILIATES. THE REVIEW AND APPROVAL PROCEDURES OUTLINED ABOVE WERE LAST COMPLETED IN 2018. ADDITIONALLY THE ORGANIZATION COMPLETED A WALK THROUGH OF SENIOR LEADERSHIP COMPENSATION WITH AN INDEPENDENT, EXPERT CONSULTANT, DURING 2019. ALL OF THESE COMMITTEE MEMBERS ARE INDEPENDENT DIRECTORS. INDEPENDENT CONSULTANTS WERE HIRED BY THE COMPENSATION COMMITTEE AND ASSISTED WITH THE COMPENSATION REVIEW. DOCUMENTATION AND RECORDS OF COMPENSATION COMMITTEE MEETINGS ARE MAINTAINED WITH RESPECT TO DELIBERATIONS AND COMPENSATION DECISIONS. Form 990, Part VI, Line 6 Classes of members or stockholders Hebrew SeniorLife, Inc. (HSL) IS THE SOLE MEMBER OF THE ORGANIZATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE HSL BOARD CHAIR APPOINTS THE MEMBERS OF THE NBOC'S BOARD OF DIRECTORS WITH THE ADVICE AND CONSENT OF HSL BOARD MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders DECISIONS INVOLVING MAJOR CHANGES IN ORGANIZATION, DEBT PLACEMENT, SALE OF ASSETS, ETC. ARE ALSO SUBJECT TO APPROVAL BY HSLS, BOARD. ULTIMATELY, GOVERNANCE OF THE CORPORATION RESTS WITH THE BOARD OF DIRECTORS OF THE COMPANY'S SOLE CORPORATE MEMBER, HSL. Form 990, Part VI, Line 11b Review of form 990 by governing body PREPARATION OF THE FORM 990 BEGINS INTERNALLY WITH HSL STAFF AND ERNST YOUNG PREPARING THE FORM WITH INPUT PROVIDED BY NBOC. ALL FORMS 990 AND 990-T OF THE AFFILIATES OF HSL (HSL IS THE SOLE CORPORATE MEMBER OF EACH AFFILIATE) WILL BE REVIEWED PRIOR TO FILING BY THE AUDIT COMMITTEE OF HSL. SUBSEQUENT TO SUCH REVIEW AND PRIOR TO FILING COPIES WILL BE PROVIDED TO THE APPROPRIATE GOVERNING BOARD OF DIRECTORS FOR EACH AFFILIATE. THE GOVERNING BOARDS WILL HAVE FIVE DAYS TIME IN WHICH TO VIEW THE FULL RETURNS PRIOR TO THEIR FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF NBOC VOTED TO ADOPT THE HSL CONFLICT OF INTEREST POLICY. MONITORING AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS: INDIVIDUALS COVERED UNDER THE CONFLICT OF INTEREST POLICY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OR POSSIBILITY OF A CONFLICT OF INTEREST AND SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE HSL CONFLICTS COMMITTEE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY PROVIDES THAT ANNUALLY, EACH COVERED PERSON SHALL SIGN A STATEMENT AFFIRMING THAT SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE SIGNED STATEMENT AFFIRMS THAT THE PERSON UNDERSTANDS NBOC IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, NBOC MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WHO IS COVERED: THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, PERSONS SERVING IN SENIOR STAFF POSITIONS OUTLINED IN AN EXHIBIT ATTACHED TO THE CONFLICT OF INTEREST POLICY, AND ANY OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF ANY OF THE ORGANIZATION OR ANY OF ITS AFFILIATES. LEVEL AT WHICH DETERMINATIONS OF CONFLICT ARE MADE AND WHICH ACTUAL CONFLICTS ARE REVIEWED: THE HSL CONFLICTS COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS AND EVALUATING WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE CONFLICTS COMMITTEE REPORTS ITS FINDINGS TO THE BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR MAKING A FINAL DETERMINATION ON THE CONFLICT. RESTRICTIONS ON CONFLICTED PERSONS: ALL COVERED PERSONS ARE RESTRICTED FROM ENTERING INTO A TRANSACTION WITHOUT DISCLOSING THE ACTUAL OR POTENTIAL CONFLICT TO THE HSL CONFLICT COMMITTEE AND OBTAINING APPROVAL OF THE BOARD OF DIRECTORS. COVERED PERSONS WITH A CONFLICT MUST LEAVE THE ROOM WHEN TRANSACTIONS GIVING RISE TO THE CONFLICT ARE UNDER DISCUSSION BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S TAX RETURNS ARE AVAILABLE AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS ARE AVAILABLE AT THE COMMONWEALTH OF MASSACHUSETTS' WEBSITE. THE TAX RETURNS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST AT THE OFFICES OF HSL AT 1200 CENTRE ST. BOSTON, MA 02131 OR BY TELEPHONE AND E-MAIL. Form 990, Part VIII, Line 2f Other Program Service Revenue All other program service revenue - Total Revenue: 607150, Related or Exempt Function Revenue: 607150, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances 2021 RESTRICTED FUND BALANCE - -100270; DONOR RESTRICTED NET ASSETS - 163947; INSURANCE PROCEEDS - 162647; HEBREW SENIORLIFE HOSPICE CARE INC 1200 CENTRE STREET BOSTON MA 02131 461309228 HOSPICE CARE MA 501(c)(3) 10 HSL true HEBREW SENIORLIFE INC 1200 CENTRE STREET BOSTON MA 02131 900183119 MGMT SERVICES MA 501(c)(3) 7 NA false HRCA SENIOR HOUSING INC 1200 CENTRE STREET BOSTON MA 02131 042765428 ELDER HOUSING MA 501(c)(3) 10 HSL true CTR COMMUNITIES OF BROOKLINE INC 1200 CENTRE STREET BOSTON MA 02131 010569404 ELDER HOUSING MA 501(c)(3) 10 HSL true ORCHARD COVE INC ONE DEL POND DRIVE CANTON MA 02021 223080006 CONT. CARE MA 501(c)(3) 10 HSL true HEBREW REHABILITATION CENTER 1200 CENTRE STREET BOSTON MA 02131 042104298 HOSPITAL MA 501(c)(3) 3 HSL true HRCA BROOKLINE HOUSING 112-120 CENTRE CO 1200 CENTRE STREET BOSTON MA 02131 030372998 ELDER HOUSING MA 501(c)(3) 10 HSL true HRCA BROOKLINE HOUSING 1550 BEACON 1200 CENTRE STREET BOSTON MD 02131 010569403 ELDER HOUSING MA 501(c)(3) 10 HSL true HEBREW SENIORLIFE AFFILIATED MED GROUP 1200 CENTRE STREET BOSTON MA 02131 823654673 PHYSICIAN SVC MA 501(c)(3) 10 HSL true HRCA HOUSING FOR ELDERLY INC 1200 CENTRE STREET BOSTON MA 02131 042543731 ELDER HOUSING MA 501(c)(3) 10 HSL true RCA BROOKLINE HOUSING 108 CENTRE 1200 CENTRE STREET BOSTON MA 02131 810612222 ELDER HOUSING MA 501(c)(3) Type II HSL true CCB COHEN 112 CENTRE MM LLC (82- 1763395) 1200 CENTRE ST BOSTON MA 02131 ELDER HOUSING MA NA N/A 0 0 false 0 false HSL FIREMAN OPERATING LP (84-4212813) 640 N MAIN ST RANDOLPH MA 02368 ELDER HOUSING MA NA N/A 0 0 false 0 false HSL PAYROLL SERVICES INC 100 CENTRE STREET BROOKLINE MA 02446 042684823 PAYROLL SERVICES MA NA C Corporation false HEBREW SENIORLIFE REAGE SOLUTIONS INC 1200 CENTRE STREET BOSTON MA 02131 814906048 MGMT CONS. SVCS DE NA C Corporation false false false false false false false false false false true false false true false false true false false true Hebrew SeniorLife Inc M 1216886 Contract Hebrew SeniorLife Inc M 1952892 Actual Hebrew Rehabilitation Center J 8167749 Contract Hebrew Rehabilitation Center M 3105902 Actual Hebrew Rehabilitation Center S 9403178 Actual