VINFEN CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VINFEN CORPORATION (EIN 04-2632219)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202531359349305973
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T10:51:53-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042632219 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VINFEN CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VINF | BusinessNameControlTxt |
| Phone | 6174411800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 CAMBRIDGE STREET | AddressLine1Txt |
| City | CAMBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021411001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEAN YANG | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6174411800 | PhoneNum |
| Signature | 2025-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEAN YANG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 CAMBRIDGE STREET | AddressLine1Txt |
| City | CAMBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021411001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $250,108,906 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VINFEN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1977 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | VINFEN CORPORATION ("VINFEN") TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND PROVIDING COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 3320 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,277,192 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,336,726 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $223,627,015 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $242,035,512 | CYProgramServiceRevenueAmt |
| PY Investment Income | $896,387 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,651,056 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,865,072 | PYOtherRevenueAmt |
| CY Other Revenue | $2,019,507 | CYOtherRevenueAmt |
| PY Total Revenue | $229,665,666 | PYTotalRevenueAmt |
| CY Total Revenue | $250,042,801 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $160,082,973 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $171,957,163 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $472,851 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $63,163,031 | PYOtherExpensesAmt |
| CY Other Expenses | $70,873,054 | CYOtherExpensesAmt |
| PY Total Expenses | $223,246,004 | PYTotalExpensesAmt |
| CY Total Expenses | $242,830,217 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,419,662 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,212,584 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $178,644,934 | TotalAssetsBOYAmt |
| Total Assets EOY | $182,308,359 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $108,520,264 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $107,838,764 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $70,124,670 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $74,469,595 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND PROVIDING COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $95,458,643 | ExpenseAmt |
| Revenue | $110,049,228 | RevenueAmt |
| Desc | THE PSYCHIATRIC REHABILITATION DIVISION PROVIDES SERVICES FOR PEOPLE WITH SERIOUS AND PERSISTENT PSYCHIATRIC DISABILITIES, SUBSTANCE ABUSE, ADDICTION AND/OR HIV/AIDS INCLUDING ASSERTIVE COMMUNITY TREATMENT, EMPLOYMENT SERVICES, RESIDENTIAL SUPPORTS, CLUBHOUSE DAY SERVICES AND HOMELESS OUTREACH SERVICES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $90,756,012 | ExpenseAmt |
| Revenue | $105,926,813 | RevenueAmt |
| Desc | DEVELOPMENTAL DISABILITY SERVICES DELIVER AN ARRAY OF SERVICES FOR PERSONS WITH DISABILITIES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS AND EMPLOYMENT TRAINING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $28,796,174 | ExpenseAmt |
| Revenue | $26,059,471 | RevenueAmt |
| Desc | THE INNOVATION TEAM PROVIDES A VARIETY OF INNOVATIVE SERVICE DELIVERY MODELS TO CLIENTS WHO RECEIVE VINFEN SERVICES. THESE INITIATIVES INCLUDE HEALTH OUTCOMES RESEARCH STUDIES CONDUCTED IN COLLABORATION WITH DARTMOUTH'S GEISEL SCHOOL OF MEDICINE AND MASSACHUSETTS GENERAL HOSPITAL; HEALTH INTEGRATION GRANTS FUNDED BY THE CENTERS FOR MEDICAID AND MEDICARE INNOVATION (CMMI) AND THE BLUE CROSS BLUE SHIELD FOUNDATION OF MASSACHUSETTS; AND IMPLEMENTATION OF THE MEDICAID ONE CARE INITIATIVE IN PARTNERSHIP WITH COMMONWEALTH CARE ALLIANCE. AN ADDITIONAL FOCUS OF THE INNOVATION TEAM IS THE EXPANSION AND INTEGRATION OF TECHNOLOGY INTO THE DELIVERY OF INTEGRATED HEALTH SERVICES FOR INDIVIDUALS WITH PSYCHIATRIC CONDITIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $215,010,829 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 475 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3320 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANNETTE KOVAMEES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6174411800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 CAMBRIDGE STREET | AddressLine1Txt |
| City | CAMBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02141 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| JEAN YANG | ||||||||||
| DIRECTOR, PRESIDENT & CEO | 31.00 | 9.00 | Yes (X) | Yes (X) | $578,761 | $0 | $11,279 | |||
| GIUSEPPE RAVIOLA | ||||||||||
| DIRECTOR (THRU 9/21/23) | 0.80 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| IPEK DEMIRSOY | ||||||||||
| DIRECTOR (AS OF 9/21/23) | 0.80 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MAREN BATALDEN | ||||||||||
| DIRECTOR (AS OF 9/21/23) | 0.80 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PADMAJA RAMAN | ||||||||||
| DIRECTOR | 0.80 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL ZINTL | ||||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PHILIP A MASON | ||||||||||
| DIRECTOR, CHAIR | 1.60 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| C ALLEN ASHLEY | ||||||||||
| DIRECTOR, CLERK | 1.20 | 0.20 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANNETTE KOVAMEES | ||||||||||
| CFO & TREASURER (AS OF 4/1/24) | 31.00 | 9.00 | Yes (X) | $290,085 | $0 | $36,936 | ||||
| JEANNE RUSSO | ||||||||||
| COO | 40.00 | 0.00 | Yes (X) | $293,836 | $0 | $30,240 | ||||
| LURLEEN GANNON | ||||||||||
| ASSISTANT CLERK | 39.50 | 0.50 | Yes (X) | $233,277 | $0 | $6,959 | ||||
| JOSEPH F GOMES | ||||||||||
| SR. VP, DS SERVICES | 40.00 | 0.00 | $230,734 | $0 | $31,103 | Yes (X) | ||||
| ELIZABETH CELLA | ||||||||||
| SR. VP, PSYCH REHAB | 40.00 | 0.00 | $211,929 | $0 | $6,987 | Yes (X) | ||||
| DONALD P CONDIE | ||||||||||
| MEDICAL DIRECTOR | 40.00 | 0.00 | $362,659 | $0 | $24,822 | Yes (X) | ||||
| PEGGY JOHNSON | ||||||||||
| CHIEF MEDICAL OFFICER | 40.00 | 0.00 | $247,059 | $0 | $17,074 | Yes (X) | ||||
| JONATHAN BURT | ||||||||||
| CHIEF INFO. & TECH. OFFICER | 40.00 | 0.00 | $235,858 | $0 | $18,029 | Yes (X) | ||||
| EILEEN C REILLY | ||||||||||
| PSYCHIATRIST | 40.00 | 0.00 | $229,004 | $0 | $21,051 | Yes (X) | ||||
| KIMBERLY SHELLENBERGER | ||||||||||
| CHIEF STRATEGY OFFICER | 40.00 | 0.00 | $240,470 | $0 | $6,717 | Yes (X) | ||||
| RICHARD F SULLIVAN | ||||||||||
| FORMER CFO & TREASURER | 0.00 | 0.00 | $123,033 | $0 | $8,097 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,276,705 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $219,294 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 103 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COMMONWEALTH SOLUTIONS LLC | |||||
| PO BOX 248 | RANDOLPH | MA | 02368 | DIRECT CARE STAFFING | $6,715,325 |
| MOONHILL HOME CARE LLC | |||||
| 100 CUMMINGS CENTER STE 309-G | BEVERLY | MA | 01915 | DIRECT CARE STAFFING | $2,984,635 |
| SWIFT STAFFING AGENCY | |||||
| PO BOX 330 | BEVERLY | MA | 01915 | DIRECT CARE STAFFING | $2,479,507 |
| J & F CONSTRUCTION | |||||
| 111 LEYDEN AVENUE | MEDFORD | MA | 02155 | CONSTRUCTION SERVICES | $2,262,957 |
| AMERGIS STAFFING SOLUTIONS | |||||
| 12558 COLLECTIONS CTR DR | CHICAGO | IL | 60693 | DIRECT CARE STAFFING | $1,477,313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 40 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $14,504 | FundraisingAmt |
| Government Grants | $3,426,421 | GovernmentGrantsAmt |
| All Other Contributions | $895,801 | AllOtherContributionsAmt |
| Noncash Contributions | $41,190 | NoncashContributionsAmt |
| Total Contributions | $4,336,726 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRACT REVENUE | 624310 | $232,335,405 | $232,335,405 |
| CLIENT FEES | 624310 | $7,742,878 | $7,742,878 |
| RENTAL SUBSIDIES | 624310 | $1,957,229 | $1,957,229 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $242,035,512 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,651,056 | TotalRevenueColumnAmt |
| Exclusion | $1,651,056 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $51,386 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $58,130 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$6,744 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$6,744 | TotalRevenueColumnAmt |
| Exclusion | -$6,744 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $14,504 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $7,975 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,975 | TotalRevenueColumnAmt |
| Exclusion | -$7,975 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MANAGEMENT FEE | 900099 | $1,747,816 | $1,747,816 |
| PERSON SERVED PRODUCT SALES & SVC | 900099 | $133,931 | $133,931 |
| DMH LEASE MGMT REVENUE | 900099 | $130,992 | $130,992 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,487 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,487 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,034,226 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $250,042,801 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $244,069,738 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,636,337 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,981,278 | TotalAmt |
| Management And General | $1,981,278 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,046,258 | TotalAmt |
| Program Services | $125,723,788 | ProgramServicesAmt |
| Management And General | $14,178,270 | ManagementAndGeneralAmt |
| Fundraising | $144,200 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,748,608 | TotalAmt |
| Management And General | $2,748,608 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,667,194 | TotalAmt |
| Program Services | $16,654,976 | ProgramServicesAmt |
| Fundraising | $12,218 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,513,825 | TotalAmt |
| Program Services | $10,254,963 | ProgramServicesAmt |
| Management And General | $247,215 | ManagementAndGeneralAmt |
| Fundraising | $11,647 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,284 | TotalAmt |
| Program Services | $36,328 | ProgramServicesAmt |
| Management And General | $252,956 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,983 | TotalAmt |
| Management And General | $170,983 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,000 | TotalAmt |
| Management And General | $21,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,695,520 | TotalAmt |
| Program Services | $21,438,262 | ProgramServicesAmt |
| Management And General | $1,198,581 | ManagementAndGeneralAmt |
| Fundraising | $58,677 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,530,337 | TotalAmt |
| Program Services | $2,011,401 | ProgramServicesAmt |
| Management And General | $2,518,011 | ManagementAndGeneralAmt |
| Fundraising | $925 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,890,011 | TotalAmt |
| Program Services | $15,437,344 | ProgramServicesAmt |
| Management And General | $443,523 | ManagementAndGeneralAmt |
| Fundraising | $9,144 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,522,389 | TotalAmt |
| Program Services | $1,149,642 | ProgramServicesAmt |
| Management And General | $365,972 | ManagementAndGeneralAmt |
| Fundraising | $6,775 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,194,357 | TotalAmt |
| Program Services | $5,032,344 | ProgramServicesAmt |
| Management And General | $1,162,013 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,520,876 | TotalAmt |
| Program Services | $1,163,083 | ProgramServicesAmt |
| Management And General | $357,129 | ManagementAndGeneralAmt |
| Fundraising | $664 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM SUPPLIES | $5,107,008 | $4,769,110 | $230,616 | $107,282 |
| FOOD/MEALS | $3,412,417 | $3,408,029 | $3,847 | $541 |
| MAINTENANCE/REPAIRS | $2,929,972 | $2,716,792 | $212,580 | $600 |
| TRANSPORTATION | $2,865,450 | $2,775,942 | $89,508 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,723,450 | TotalAmt |
| Program Services | $2,438,825 | ProgramServicesAmt |
| Management And General | $1,164,447 | ManagementAndGeneralAmt |
| Fundraising | $120,178 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,830,217 | TotalAmt |
| Program Services | $215,010,829 | ProgramServicesAmt |
| Management And General | $27,346,537 | ManagementAndGeneralAmt |
| Fundraising | $472,851 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,176,337 | BOYAmt |
| EOY | $16,605,507 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,811,434 | BOYAmt |
| EOY | $21,678,978 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,036,135 | BOYAmt |
| EOY | $32,037,322 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,414,133 | BOYAmt |
| EOY | $2,347,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $120,049,111 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,156,304 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,952,600 | BOYAmt |
| EOY | $64,892,807 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,254,295 | BOYAmt |
| EOY | $44,746,387 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,644,934 | BOYAmt |
| EOY | $182,308,359 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,726,857 | BOYAmt |
| EOY | $22,847,119 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,434,462 | BOYAmt |
| EOY | $565,029 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,020,143 | BOYAmt |
| EOY | $37,326,554 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,876,537 | BOYAmt |
| EOY | $3,561,426 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,349,228 | BOYAmt |
| EOY | $5,988,445 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,113,037 | BOYAmt |
| EOY | $37,550,191 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,520,264 | BOYAmt |
| EOY | $107,838,764 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,315,155 | BOYAmt |
| EOY | $72,418,934 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,809,515 | BOYAmt |
| EOY | $2,050,661 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,124,670 | BOYAmt |
| EOY | $74,469,595 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,644,934 | BOYAmt |
| EOY | $182,308,359 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,212,584 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$2,867,659 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $471,652 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $682,059 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,004,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,277,192 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,336,726 | CurrentTaxYearAmt |
| Total | $10,772,340 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $178,158,095 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $190,370,816 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $201,583,241 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $225,502,539 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $244,069,738 | CurrentTaxYearAmt |
| Total | $1,039,684,429 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $178,629,747 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $191,052,875 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $203,587,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $228,779,731 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $248,406,464 | CurrentTaxYearAmt |
| Total | $1,050,456,769 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,010 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,350 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,500 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,350 | CurrentTaxYearAmt |
| Total | $32,370 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,010 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,350 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,500 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,350 | CurrentTaxYearAmt |
| Total | $32,370 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $1,050,424,399 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $453,498 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $156,029 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $147,895 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $947,586 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,702,442 | CurrentTaxYearAmt |
| Total | $3,407,450 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $453,498 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $156,029 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $147,895 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $947,586 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,702,442 | CurrentTaxYearAmt |
| Total | $3,407,450 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $145,463 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $894,922 | CurrentTaxYearMinus2YearsAmt |
| Total | $1,040,385 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $179,083,245 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $191,354,367 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $204,630,769 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $229,727,317 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $250,108,906 | CurrentTaxYearAmt |
| Total | $1,054,904,604 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99580 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99700 | PublicSupportPY509Pct |
| Investment Income CY | 0.00320 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00180 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | Yes (1) | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $21,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | Yes (1) | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Total Lobbying Expenditures | $21,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LINE 1G - ALLOCATION OF SALARIES PAID TO EMPLOYEES WHO ENGAGE IN LOBBYING ACTIVITIES. LINE 1I - VINFEN CORPORATION BELONGS TO SEVERAL LOCAL AND NATIONAL TRADE ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ITS MEMBERS. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES AND AS SUCH NO DETERMINATIVE AMOUNT IS LISTED IN THIS SCHEDULE. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,083,455 | OtherCostOrOtherBasisAmt |
| Book Value | $13,083,455 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,002,994 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,841,261 | DepreciationAmt |
| Book Value | $36,161,733 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,745,089 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,534,638 | DepreciationAmt |
| Book Value | $7,210,451 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,699,475 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,478,238 | DepreciationAmt |
| Book Value | $6,221,237 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,518,098 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,302,167 | DepreciationAmt |
| Book Value | $2,215,931 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,892,807 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ASSETS WHOSE USE IS LIMITED | $3,758,337 |
| DUE FROM AFFILIATES | $10,118,898 |
| SECURITY DEPOSITS - REAL ESTATE | $1,015,882 |
| RIGHT-OF-USE ASSET-OPERATING, NET | $15,206,040 |
| RIGHT-OF-USE ASSET-FINANCING, NET | $14,647,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $44,746,387 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| LINE OF CREDIT | $7,214,274 |
| PORTION OF LEASE LIABILITY-OPERATING | $16,195,276 |
| PORTION OF LEASE LIABILITY-FINANCING | $14,140,641 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $37,550,191 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $247,241,247 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$2,867,659 | OtherRevenueAmt |
| Revenue Not Reported | -$2,867,659 | RevenueNotReportedAmt |
| Revenue Subtotal | $250,108,906 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$66,105 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$66,105 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $250,042,801 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $242,896,322 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $66,105 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $66,105 | ExpensesNotReportedAmt |
| Expenses Subtotal | $242,830,217 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $242,830,217 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | VINFEN IS THE REPRESENTATIVE PAYEE FOR MANY INDIVIDUALS THAT VINFEN SERVES AND CERTAIN OTHERS. VINFEN RECEIVES BENEFITS ON BEHALF OF THESE INDIVIDUALS AND ADMINISTERS THE DISTRIBUTION OF THESE FUNDS FOR THE RESPECTIVE INDIVIDUAL'S FOOD, SHELTER, CLOTHING, PERSONAL SUPPLIES, AND HEALTH CARE. A SMALL PORTION OF THESE AMOUNTS REPRESENT SECURITY DEPOSITS FOR TENANTS. |
| PART X, LINE 2: | VINFEN CORPORATION IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. VINFEN IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. VINFEN FOLLOWS THE FASB GUIDANCE, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT VINFEN CORPORATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, VINFEN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE DATE FILED. VINFEN CORPORATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF OPERATING EXPENSES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | IMPAIRMENT LOSS -2,867,659. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED IN FORM 990, PART VIII, LINE 6(B) -58,130. FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8(B) -7,975. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED IN FORM 990, PART VIII, LINE 6(B) 58,130. FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8(B) 7,975. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEAN YANG | ||||||||||||||
| DIRECTOR, PRESIDENT & CEO | $575,695 | $0 | $0 | $0 | $3,066 | $0 | $0 | $0 | $11,279 | $0 | $590,040 | $0 | $0 | $0 |
| DONALD P CONDIE | ||||||||||||||
| MEDICAL DIRECTOR | $347,256 | $0 | $0 | $0 | $15,403 | $0 | $11,150 | $0 | $13,672 | $0 | $387,481 | $0 | $0 | $0 |
| ANNETTE KOVAMEES | ||||||||||||||
| CFO & TREASURER (AS OF 4/1/24) | $287,561 | $0 | $0 | $0 | $2,524 | $0 | $0 | $0 | $36,936 | $0 | $327,021 | $0 | $0 | $0 |
| JEANNE RUSSO | ||||||||||||||
| COO | $285,659 | $0 | $0 | $0 | $8,177 | $0 | $7,881 | $0 | $22,359 | $0 | $324,076 | $0 | $0 | $0 |
| PEGGY JOHNSON | ||||||||||||||
| CHIEF MEDICAL OFFICER | $243,297 | $0 | $0 | $0 | $3,762 | $0 | $0 | $0 | $17,074 | $0 | $264,133 | $0 | $0 | $0 |
| JOSEPH F GOMES | ||||||||||||||
| SR. VP, DS SERVICES | $224,486 | $0 | $0 | $0 | $6,248 | $0 | $8,150 | $0 | $22,953 | $0 | $261,837 | $0 | $0 | $0 |
| JONATHAN BURT | ||||||||||||||
| CHIEF INFO. & TECH. OFFICER | $234,678 | $0 | $0 | $0 | $1,180 | $0 | $6,750 | $0 | $11,279 | $0 | $253,887 | $0 | $0 | $0 |
| EILEEN C REILLY | ||||||||||||||
| PSYCHIATRIST | $223,146 | $0 | $0 | $0 | $5,858 | $0 | $7,655 | $0 | $13,396 | $0 | $250,055 | $0 | $0 | $0 |
| KIMBERLY SHELLENBERGER | ||||||||||||||
| CHIEF STRATEGY OFFICER | $239,281 | $0 | $0 | $0 | $1,189 | $0 | $6,208 | $0 | $509 | $0 | $247,187 | $0 | $0 | $0 |
| LURLEEN GANNON | ||||||||||||||
| ASSISTANT CLERK | $232,525 | $0 | $0 | $0 | $752 | $0 | $6,450 | $0 | $509 | $0 | $240,236 | $0 | $0 | $0 |
| ELIZABETH CELLA | ||||||||||||||
| SR. VP, PSYCH REHAB | $210,012 | $0 | $0 | $0 | $1,917 | $0 | $6,478 | $0 | $509 | $0 | $218,916 | $0 | $0 | $0 |
| RICHARD F SULLIVAN | ||||||||||||||
| FORMER CFO & TREASURER | $72,916 | $0 | $0 | $0 | $50,117 | $0 | $7,351 | $0 | $746 | $0 | $131,130 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | GROSS-UP GAIN SHARE AWARD PAYMENTS WERE RECEIVED BY OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES DURING THE YEAR WHO MEET CERTAIN ELIGIBILITY REQUIREMENTS. THERE WERE EIGHT LISTED PERSONS WHO RECEIVED THIS GROSS UP GAIN SHARE AWARD. THE AMOUNTS ARE REPORTED UNDER PART II, COL. B(III) AND ARE TAXABLE. |
| PART I, LINE 4A | RICHARD SULLIVAN, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $49,167 WHICH IS REPORTED IN PART II, COLUMN (B)(III). |
| PART I, LINE 7 | THE GAIN SHARE AWARD IS UNDER THE DISCRETION OF SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 000000000 | CUSIPNum |
| Bond Issued | 2019-05-30 | BondIssuedDt |
| Issue Price | $42,900,000 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $5,019,941 | RetiredAmt |
| Total Proceeds | $43,452,612 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $457,253 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $21,375,744 | CapitalExpendituresAmt |
| Other Spent Proceeds | $21,482,933 | OtherSpentProceedsAmt |
| Unspent | $136,682 | UnspentAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | (F) DESCRIPTION OF PURPOSE: | FormAndLineReferenceDesc |
| Explanation | - $16,468,881 CURRENT REFUNDING OF 2013 MDFA TAX-EXEMPT BONDS - $5,014,902 REFINANCING OF TAXABLE REAL ESTATE LINE OF CREDIT - $469,105 PAYMENT OF COSTS OF ISSUANCE - $20,947,112 NEW MONEY FOR PROJECT FUND (TO BE USED FOR THE ACQUISITION, RENOVATION, FURNISHING AND/OR EQUIPPING OF REAL PROPERTY, BUILDINGS AND IMPROVEMENTS IN MASSACHUSETTS AND THE ACQUISITION AND INSTALLATION OF TECHNOLOGY HARDWARE AND SOFTWARE FOR USE AT THE VINFEN'S CORPORATE HEADQUARTERS AT 950 CAMBRIDGE STREET, CAMBRIDGE, MASSACHUSETTS AND AT THE VINFEN'S OTHER FACILITIES IN MASSACHUSETTS) SCHEDULE K, PART II, LINE 3: THE ISSUE PRICE IS DIFFERENT THAN THE AMOUNT OF TOTAL PROCEEDS OF ISSUE IS BECAUSE OF INVESTMENT EARNINGS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $41,190 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | REPORTING THE NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY VINFEN'S FINANCE STAFF AND REVIEWED BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER. ALL DIRECTORS ARE PROVIDED A COPY AND GIVEN AN OPPORTUNITY TO RESPOND PRIOR TO SUBMISSION TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | VINFEN CORPORATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE ANNUALLY OR BI-ANNUALLY TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES AND REVIEWS THE RESPONSES FOR POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS OF VINFEN CORPORATION AND ITS AFFILIATED ENTITIES, AS WELL AS THE SENIOR MANAGEMENT (THE INTERDEPARTMENTAL COUNCIL OR "IDC") AT VINFEN CORPORATION AND AFFILIATES. THE GENERAL COUNSEL REVIEWS THE DISCLOSURE FORMS TO DETERMINE WHICH DIRECTORS OR IDC MEMBERS HAVE DISCLOSED A POTENTIAL CONFLICT. FOR POTENTIAL BOARD CONFLICTS, THE CHAIRPERSON OF THE BOARD OF DIRECTORS APPOINTS A COMMITTEE OF DIRECTORS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICT AND/OR PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE FULL BOARD, WHICH IS VOTED ON ONLY BY THOSE DIRECTORS WITH NO REPORTABLE TRANSACTIONS. FOR POTENTIAL CONFLICTS BY IDC MEMBERS, THE CEO APPOINTS A COMMITTEE OF IDC MEMBERS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICTS AND PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE EXECUTIVE TEAM, WHICH IS VOTED ON ONLY BY THOSE EXECUTIVE TEAM MEMBERS WITH NO REPORTABLE TRANSACTIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS PERIODICALLY ENGAGES THE SERVICES OF AN OUTSIDE COMPENSATION AND BENEFITS CONSULTANT TO DETERMINE THE COMPETITIVENESS OF THE TOTAL COMPENSATION PAID TO CORPORATE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE OF THE BOARD USES COMPARABLE COMPENSATION DATA TO DETERMINE THE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES PERIODICALLY WITH CONTEMPORANEOUS DOCUMENTATION. RECORDKEEPING OF ALL COMPENSATION DECISIONS EXIST, IN THE FORM OF PERSONNEL ACTION FORMS FOR EVERY COMPENSATION ACTION AFFECTING POSITIONS AT VINFEN CORPORATION INCLUDING THE CORPORATE OFFICERS AND OTHER KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | VINFEN CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY PAPER OR E-MAIL FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA THE CANDID WEBSITE, FORMERLY KNOWN AS GUIDESTAR, AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | IMPAIRMENT LOSS -2,867,659. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|
| VINFEN COMMUNITY DEVELOPMENT LLC | |||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 261905029 | HOUSING - INACTIVE | MA | VINFEN CORPORATION |
| BAYSTATE PERFORMANCE SOLUTIONS LLC | |||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 043562998 | EE ASST. PLAN - INACTIVE | MA | VINFEN CORPORATION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| VINFEN CORPORATION OF CONNECTICUT INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 061569439 | HUMAN SERVICES | CT | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| VINFEN CORPORATION OF LARCHMONT INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 043546321 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| VINFEN CORPORATION OF PLAIN INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 300162655 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| VINFEN CORPORATION OF FOREST INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 300162656 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| WESTLAND COMMUNITY HOUSING CORPORATION | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 311758843 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| MERRIMACK HOUSING CORPORATION | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 223215740 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| GARDEN STREET APARTMENTS INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 043233283 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| FORT HILL AVENUE INC | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 311740060 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| APPLETON HOUSING CORPORATION | ||||||||||
| 950 CAMBRIDGE STREET | CAMBRIDGE | MA | 02141 | 043259610 | LOW INCOME HOUSING FOR DISABLED PERSONS | MA | 501(C)(3) | LINE 10 | VINFEN CORPORATION | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| APPLETON HOUSING CORPORATION | ||
| L | $488,151 | FAIR MARKET VALUATION |
| FORT HILL AVENUE INC | ||
| L | $321,380 | FAIR MARKET VALUATION |
| GARDEN STREET APARTMENTS | ||
| L | $392,652 | FAIR MARKET VALUATION |
| MERRIMACK HOUSING CORPORATION | ||
| L | $429,919 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF CONNECTICUT | ||
| L | $7,352,099 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF CONNECTICUT | ||
| D | $4,564,394 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF CONNECTICUT | ||
| E | $45,009,177 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF CONNECTICUT | ||
| L | $1,550,000 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF FOREST | ||
| L | $230,726 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF LARCHMONT | ||
| L | $309,690 | FAIR MARKET VALUATION |
| VINFEN CORPORATION OF PLAIN | ||
| L | $235,208 | FAIR MARKET VALUATION |
| WESTLAND COMMUNITY HOUSING CORP | ||
| L | $359,073 | FAIR MARKET VALUATION |
Comments