2022-02-04T17:37:11-06:00 2021-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2020-07-01 042921507 NORTH AMERICAN FAMILY INSTITUTE INC NORT 9785380286 90 MAPLE STREET NO UNIT 2 STONEHAM MA 02180 PAMELA ROCHA TREASURER & CFO 9785380286 2022-02-04 1 PAMELA ROCHA 999009999 STEPHANIE LONCZAK P01880207 6179881000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR YITZHAK BAKAL 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 7132764 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. 12 12 125 22 0 0 94125 26298 6352193 7004715 115065 98311 13877 3440 6575260 7132764 0 0 0 0 4833694 4836513 0 0 0 1904595 1839608 6738289 6676121 -163029 456643 7222819 8201283 4815449 5225685 2407370 2975598 X TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPLES OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES TO GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES. 0 0 1481200 0 1581852 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. 584156 0 703529 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. 175370 0 162950 COMMUNITY BUILDING SERVICES: NORTH AMERICAN FAMILY INSTITUTE OFFERS ALTERNATIVE SERVICES TO YOUTH BASED ON PEER EMPOWERMENT, GROUP WORK, ACCOUNTABILITY AND RECOGNITION FOR POSITIVE CHOICES.(SEE SCHEDULE O) 251718 0 4559824 OTHER PROGRAM SERVICESOTHER PROGRAMS CONSIST OF INTERCOMPANY TRANSACTIONS WITH FOUR SUBSIDIARY CORPORATIONS AND CONTRIBUTION REVENUE. 251718 0 4559824 2492444 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 22 0 1 125 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 0.75 X 0 0 0 DR WILLIAM MADAUS DIRECTOR 0.23 X 0 0 0 JAMES ZAFRIS DIRECTOR 0.69 0.46 X 0 0 0 MARGARET N ZUSKY DIRECTOR 0.23 X 0 0 0 MATTHEW SAGAL DIRECTOR 0.23 0.46 X 0 0 0 JACKIE ROSARIO DIRECTOR 0.23 0.46 X 0 0 0 KATHERINE TURNER DIRECTOR 0.23 0.46 X 0 0 0 STEVE HAHN DIRECTOR 0.23 X 0 0 0 HILDEGARDE PARIS CHIEF OPERATING OFFICER 40.00 0.10 X 244521 0 31222 PAMELA ROCHA TREASURER/CHIEF FIN OFFICER 40.00 2.00 X 139588 0 21294 HOLLY ROY ASSISTANT CLERK 40.00 X 52632 0 7363 DR YITZHAK BAKAL PRESIDENT 38.00 X 273042 0 227524 DR PAUL DANN EXECUTIVE DIRECTOR 0.00 40.00 X 203776 0 29889 LYDIA TODD EXECUTIVE DIRECTOR 0.00 40.00 X 177143 0 20529 DR CHUCK MYERS EXECUTIVE DIRECTOR 0.00 40.00 X 151016 0 18817 LYNN BISHOP EXECUTIVE DIRECTOR 0.00 40.00 X 197919 0 26860 PATRICIA SHEA CHIEF ADMINISTRATIVE OFFICER 40.00 X 170085 0 2010 1609722 0 385508 12 0 1 0 UKG INC 2000 ULTIMATE WAY WESTON FL 33326 PAYROLL SERVICES 393263 PC CONNECTION SALES CORP PO BOX 536472 PITTSBURGH PA 15253 INFO TECHNOLOGY 215259 KPMGLLP PO BOX 120001 DALLAS TX 75312 AUDIT SERVICES 188100 NETSMART TECHNOLOGIES INC PO BOX 823519 PHILADELPHIA PA 19182 INFO TECHNOLOGY 182109 JMK SYSTEMS SOLUTIONS INC 20 BROADWAY AVENUE IPSWICH MA 01938 INFO TECHNOLOGY 165229 6 26298 26298 FEES/CONTRACTS FROM GO 624100 7004715 7004715 7004715 98311 98311 MISCELLANEOUS 624100 3440 3440 3440 7132764 7008155 0 98311 683452 683452 2902243 1480241 1422002 958316 238581 719735 292502 120750 171752 15985 963 15022 203400 203400 510868 132618 378250 28714 2054 26660 16718 6045 10673 217961 360 217601 166332 40145 126187 18138 28202 -10064 7839 518 7321 50166 49641 525 221056 147850 73206 42673 23289 19384 LICENSE/FEES/SUBSCRIPTI 122520 110768 11752 OTHER DIRECT 85156 73261 11895 EQUIPMENT 72202 5154 67048 TELECOMMUNICATIONS 41764 13888 27876 18116 18116 6676121 2492444 4183677 0 0 687382 3050499 4105088 0 0 1159130 222824 0 0 0 0 216077 160407 0 0 279478 531227 7279615 5929761 1534243 1349854 591635 715876 0 0 0 0 0 0 391757 428625 7222819 8201283 3021787 3427210 0 0 8827 32328 0 0 0 0 0 0 1164163 1006124 0 0 620672 760023 4815449 5225685 X 2324767 2895800 82603 79798 2407370 2975598 7222819 8201283 456643 111585 0 X 0 1 X 1 0 X 143540 145850 73676 94125 26298 483489 10132772 9750098 10083553 6352193 7004715 43323331 10276312 9895948 10157229 6446318 7031013 43806820 85835 105233 5000 10000 12450 218518 0 85835 105233 5000 10000 12450 218518 43588302 59668 67907 80410 101065 98311 407361 59668 67907 80410 101065 98311 407361 2421 1177 18479 13877 3440 39394 10338401 9965032 10256118 6561260 7132764 44253575 0.98500 0.98740 0.00920 0.00640 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 2,421. 2017 AMOUNT: $ 1,177. 2018 AMOUNT: $ 18,479. 2019 AMOUNT: $ 13,877. 2020 AMOUNT: $ 3,440. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259753 259753 1664474 1218704 445770 3661318 3160810 500508 1323010 1200916 122094 371060 349331 21729 1349854 DUE FROM AFFILIATES 202303 SECURITY DEPOSITS 19115 GOODWILL 55000 LEASE RIGHT OF USE 71969 OTHER ASSETS 80238 428625 DUE TO AFFILIATES 324430 DEFERRED TAX LIABILITIES 363624 LEASE LIABILITIES 71969 760023 X 7244349 111585 111585 7132764 0 7132764 6676121 0 6676121 0 6676121 PART X, LINE 2: FIN 48 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 0 0 0 0 0 0 1 0 DR YITZHAK BAKAL PRESIDENT 273042 0 0 0 0 0 221093 0 6431 0 500566 0 0 0 HILDEGARDE PARIS CHIEF OPERATING OFFICER 244521 0 0 0 0 0 23964 0 7258 0 275743 0 0 0 DR PAUL DANN EXECUTIVE DIRECTOR 203776 0 0 0 0 0 21718 0 8171 0 233665 0 0 0 LYNN BISHOP EXECUTIVE DIRECTOR 197919 0 0 0 0 0 19227 0 7633 0 224779 0 0 0 LYDIA TODD EXECUTIVE DIRECTOR 172143 0 5000 0 0 0 17510 0 3019 0 197672 0 0 0 PATRICIA SHEA CHIEF ADMINISTRATIVE OFFICER 167085 0 3000 0 0 0 0 0 2010 0 172095 0 0 0 DR CHUCK MYERS EXECUTIVE DIRECTOR 151016 0 0 0 0 0 11582 0 7235 0 169833 0 0 0 PAMELA ROCHA TREASURER/CHIEF FIN OFFICER 136588 0 3000 0 0 0 14717 0 6577 0 160882 0 0 0 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). PART III, LINE 4C (CONT.) 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 COMMUNITIES 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. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS 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 CONFLICT OF INTEREST 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 COMPENSATION POLICY 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 CEO 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 CEO AND FOLLOWS THE SAME REVIEW AND APPROVAL PROCESS. ONCE COMPENSATION IS DETERMINED, IT IS ADEQUATELY DOCUMENTED BY THE CEO AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE 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 SVCS MA 501(C)(3) 10 NAFI 1 NFI NORTH INC 40 PARK LANE CONTOOCOOK NH 03229 043161042 SOCIAL SVCS NH 501(C)(3) 10 NAFI 1 NFI VERMONT INC 30 AIRPORT ROAD SOUTH BURLINGTON VT 05403 030304434 SOCIAL SVCS VT 501(C)(3) 10 NAFI 1 NAFI CONNECTICUT INC 20 BATTERSON PARK ROAD STE 300 FARMINGTON CT 06032 900059160 SOCIAL SVCS CT 501(C)(3) 10 NAFI 1 THE CAPTIVE ADVANTAGE LLC PO BOX 52108 BOSTON MA 02205 CAPTIVE CELL DE NAFI 197681 52979 0 1 0.13300 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 1 0 0 NFI VERMONT INC L 959021 % OF REVENUE NFI VERMONT INC J 6485 ACTUAL EXPENSE NFI VERMONT INC P 37466 ACTUAL EXPENSE NFI MASSACHUSETTS INC L 1390803 % OF REVENUE NFI MASSACHUSETTS INC J 11909 ACTUAL EXPENSE NFI MASSACHUSETTS INC P 71887 ACTUAL EXPENSE NFI NORTH INC L 1558503 % OF REVENUE NFI NORTH INC J 44134 ACTUAL EXPENSE NFI NORTH INC P 84189 ACTUAL EXPENSE NFI NORTH INC Q 202303 ACTUAL EXPENSE NAFI CONNECTICUT INC L 1279282 % OF REVENUE NAFI CONNECTICUT INC J 126267 ACTUAL EXPENSE NAFI CONNECTICUT INC P 130889 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 $959,021 FOR THE YEAR ENDED JUNE 30, 2021, 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 $6,485 FOR THE YEAR ENDED JUNE 30, 2021 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, 2021 IN THE AMOUNT OF $37,466. 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 $1,390,803 FOR THE YEAR ENDED JUNE 30, 2021 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 $11,909 FOR THE YEAR ENDED JUNE 30, 2021 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, 2021 FROM NAFI IN THE AMOUNT OF $71,887 AND NAFI CT IN THE AMOUNT OF $100. 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 $1,558,503 FOR THE YEAR ENDED JUNE 30, 2021, 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 $44,134 FOR THE YEAR ENDED JUNE 30, 2021, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT UNDERPAYMENTS RESULTED IN A BALANCE DUE TO NAFI AS OF JUNE 30, 2021 IN THE AMOUNT OF $202,303. THIS AMOUNT HAS BEEN REPORTED AS DUE TO AFFILIATE IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2021 IN THE AMOUNT OF $84,189. 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 $1,279,282 FOR THE YEAR ENDED JUNE 30, 2021 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 $126,267 FOR THE YEAR ENDED JUNE 30, 2021, 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, 2021 IN THE AMOUNT OF $130,889. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION OF $52,889 EXPECTED TO BE PAID WITHIN ONE YEAR. COST REIMBURSEMENT UNDERPAYMENTS HAVE RESULTED IN A BALANCE DUE TO NFI AS OF JUNE 30, 2021 IN THE AMOUNT OF $100. THIS AMOUNT HAS BEEN REPORTED AS DUE TO AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND IS EXPECTED TO BE PAID WITHIN ONE YEAR. NAFI AND ITS SUBSIDIARY CORPORATIONS MAY PERIODICALLY MAKE SHORT-TERM LOANS, NOT TO EXCEED ONE YEAR, TO ITS AFFILIATED CORPORATION, SECURED BY DOCUMENTATION EVIDENCING SUCH INDEBTEDNESS. FOR THE YEAR ENDED JUNE 30, 2021, NAFICT PROVIDED SUPPORT TO ITS AFFILIATES THROUGH USE OF CERTAIN CASH RESERVES WITH AN INTEREST FEE, BASED ON PRIME RATE LESS .50%. THE AMOUNT OF RELATED INTEREST INCOME RECORDED IN THE ACCOMPANYING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021 WAS NOT SIGNIFICANT.