2021-07-15T13:46:30-05:00 2020-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2019-07-01 911969322 SEVEN HILLS FOUNDATION INC & AFFILIATES SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 MICHAEL MATTHEWS SENIOR VP OF BUSI 5087552340 2021-05-11 1 BARBARA E KING P00005629 5087557107 2021-05-11 2019 2022-09-23 18:48:47Z MICHAEL MATTHEWS 81 HOPE AVENUE WORCESTER MA 01603 278201107 1 1 3444 X WWW.SEVENHILLS.ORG X 1953 MA THE MISSION OF THE SEVEN HILLS FOUNDATION IS TO PROMOTE AND ENCOURAGE THE EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES SO THAT EACH MAY PURSUE THEIR HIGHEST POSSIBLE DEGREE OF PERSONAL WELL-BEING AND INDEPENDENCE. 16 15 4691 2700 -17304 0 2970044 8483656 215664070 249508583 3499106 1928183 2403301 1939327 224536521 261859749 160617 177845 0 0 132677174 147866726 0 0 147958 89135971 106260136 221973762 254304707 2562759 7555042 211302586 229024016 127493250 137763190 83809336 91260826 X THE MISSION OF THE SEVEN HILLS FOUNDATION, INC. AND AFFILIATES IS TO PROMOTE AND ENCOURAGE THE EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES SO THAT EACH MAY PURSUE THEIR HIGHEST POSSIBLE DEGREE OF PERSONAL WELL-BEING AND INDEPENDENCE. 1 0 87731569 88412307 SEVEN HILLS COMMUNITY SERVICES (SHCS): TO PREPARE AND INSTRUCT INDIVIDUALS WITH DISABILITIES TO LIVE IN A VARIETY OF RESIDENTIAL ARRANGEMENTS. SHCS ALSO INCLUDES MEDICALLY AND BEHAVIORALLY INTENSIVE RESIDENTIAL OPTIONS AND INDIVIDUAL SUPPORTS. 51874775 51820728 CHILDRENS AID AND FAMILY SERVICES: TO PROVIDE SERVICES TO INDIVIDUALS WITH DISABILITIES, AND THEIR FAMILIES, AND CAREGIVERS, AND PROVIDE A WIDE ARRAY OF OPTIONS TO ENABLE INDIVIDUALS TO LIVE IN A NURTURING ENVIRONMENT, MAINTAIN RELATIONSHIPS WITH FAMILIES AND CHOOSE HOW TO LIVE, LEARN, AND GROW. 25795050 26504006 SEVEN HILLS FAMILY SERVICES: TO PROVIDE ADULT SERVICES, RESIDENTAL SERVICES, INDEPENDENT LIVING, AND CHILD AND FAMILY SERVICE PROGRAMS TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES 71053985 177845 84040806 OTHER PROGRAM SERVICES INCLUDE: INDEPENDENT LIVING, VOCATIONAL TRAINING, COMMUNITY ORIENTATION, DAY HAB, SPECIALIZED HOME CARE, PEDIATRIC NURSING HOME SERVICES, SCHOOL SERVICES, AND BEHAVIORAL HEALTH SERVICES. 71053985 177845 84040806 236455379 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 464 25 1 4691 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 1 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 MA RI NJ X MICHAEL MATTHEWS SENIOR VP OF BUSINESS AND FINANCE 5089832901 81 HOPE AVENUE WORCESTER MA 01603 DR TAMMY MURRAY MEMBER AT LARGE 2.00 X 0 0 0 ARLENE LIAN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER MURPHY TRUSTEE 2.00 X 0 0 0 ERIC BATISTA DIRECTOR 2.00 X 0 0 0 STEPHEN BLACK TRUSTEE 2.00 X 0 0 0 DIANE BRAZELTON TRUSTEE 2.00 X 0 0 0 JAMES BUSS TRUSTEE 2.00 X 0 0 0 MICHELLE MURPHY TRUSTEE 2.00 X 0 0 0 MAUREEN R GRAY TRUSTEE 2.00 X 0 0 0 DAVID GREENWOOD TRUSTEE 2.00 X 0 0 0 DEBRA HOKKANEN TRUSTEE 2.00 X 0 0 0 ELLEN HONEYMAN TRUSTEE 2.00 X 0 0 0 PAUL G KALMANSSON ESQ TRUSTEE 2.00 X 0 0 0 MARION MAHAR TRUSTEE 2.00 X 0 0 0 DAVID MASIELLO TRUSTEE 2.00 X 0 0 0 RUTHANN MELANCON TRUSTEE 2.00 X 0 0 0 JONI MILLUZZO TRUSTEE 2.00 X 0 0 0 HONORABLE RICHARD T MOORE TRUSTEE 2.00 X 0 0 0 KAREN MUGGERIDGE TRUSTEE 2.00 X 0 0 0 STEVE NELSON TRUSTEE 2.00 X 0 0 0 JOSEPH NUNES TRUSTEE 2.00 X 0 0 0 DR BENJAMIN NWOSU TRUSTEE 2.00 X 0 0 0 LT GOV KARYN POLITO TRUSTEE 2.00 X 0 0 0 PAULA ROSENBLUM TRUSTEE 2.00 X 0 0 0 DEBORAH PENTA TRUSTEE 2.00 X 0 0 0 PATRICIA RUGG TRUSTEE 2.00 X 0 0 0 DR PETER RUGG TRUSTEE 2.00 X 0 0 0 DOUGLAS RUSSELL JR TRUSTEE 2.00 X 0 0 0 R JOSEPH SALOIS TRUSTEE 2.00 X 0 0 0 DR JENNIFER SCHOTT TRUSTEE 2.00 X 0 0 0 KAREN SHORTSLEEVE TRUSTEE 2.00 X 0 0 0 DAVID E SIMON DIRECTOR 2.00 X 0 0 0 PETER STANTON DIRECTOR 2.00 X 0 0 0 BERNIE STEPHENS TRUSTEE 2.00 X 0 0 0 JO-ANN WHELAN TRUSTEE 2.00 X 0 0 0 DR CAROL DONNELLY DIRECTOR 2.00 X 0 0 0 MORGAN DYKSTAR TRUSTEE 2.00 X 0 0 0 ARLENE BETTERIDGE TRUSTEE 2.00 X 0 0 0 JOHNATHAN CAREY TRUSTEE 2.00 X 0 0 0 CHRISTINA CIOCIOLO TRUSTEE 2.00 X 0 0 0 DOROTHY DUDLEY TRUSTEE 2.00 X 0 0 0 KATE ROY SULLIVAN PHD TRUSTEE 2.00 X 0 0 0 REPRESENTATIVE HANNAH KANE TRUSTEE 2.00 X 0 0 0 DR CAMILLE ROBERTS TRUSTEE 2.00 X 0 0 0 JOHN LAJOIE TRUSTEE 2.00 X 0 0 0 MINDY MCKENZIE-HEBERT TRUSTEE 2.00 X 0 0 0 MARK O'CONNELL TRUSTEE 2.00 X 0 0 0 DALE DUCASSE TRUSTEE 2.00 X 0 0 0 WAYNE GRIFFIN TRUSTEE 2.00 X 0 0 0 ALLEN KRAUSE TRUSTEE 2.00 X 0 0 0 HONORABLE MATTHEW BEATON TRUSTEE 2.00 X 0 0 0 JOHN N ALTOMARE ESQ CHAIR 2.00 X X 0 0 0 JEANNE ANTONUCCI TRUSTEE 2.00 X 0 0 0 MAUREEN F BINIENDA DIRECTOR 2.00 X 0 0 0 DR CHARLES P CONROY VICE CHAIR 2.00 X X 0 0 0 DEBORAH J NEEDLEMAN SECRETARY/CLERK 2.00 X X 0 0 0 ROBERT L MAHAR TREASURER 2.00 X X 0 0 0 ERNEST DUBE TRUSTEE 2.00 X 0 0 0 DR DAVID PAYDARFAR DIRECTOR 2.00 X 0 0 0 FRANCES POLITO DIRECTOR 2.00 X 0 0 0 JOHN M PROSSER TRUSTEE 2.00 X 0 0 0 MARIANNE E ROGERS DIRECTOR 2.00 X 0 0 0 CLAIRE M SWAN MEMBER AT LARGE 2.00 X 0 0 0 PETER ALDEN TRUSTEE 2.00 X 0 0 0 W ROBERT BENTLEY TRUSTEE 2.00 X 0 0 0 PAUL H GALLAGHER TRUSTEE 2.00 X 0 0 0 SCOTT A GIBBS TRUSTEE 2.00 X 0 0 0 MEGAN MCDONOUGH TRUSTEE 2.00 X 0 0 0 MARJORIE COHEN TRUSTEE 2.00 X 0 0 0 WILLIAM G O'BRIEN III TRUSTEE 2.00 X 0 0 0 ROBERT E PAULSEN JR TRUSTEE 2.00 X 0 0 0 MATTHEW J PELOQUIN ESQ TRUSTEE 2.00 X 0 0 0 TODD S SOLAR TRUSTEE 2.00 X 0 0 0 STEPHEN F WALSH TRUSTEE 2.00 X 0 0 0 BETH CASAVANT TRUSTEE 2.00 X 0 0 0 BILL DAVIS TRUSTEE 2.00 X 0 0 0 DOROTHY HARGROVE TRUSTEE 2.00 X 0 0 0 ELISABETA GEGA BLANEY TRUSTEE 2.00 X 0 0 0 THE HONORABLE JENNIFER FLANAGAN TRUSTEE 2.00 X 0 0 0 DR CATHERINE JONES TRUSTEE 2.00 X 0 0 0 THOMAS MCNAMARA TRUSTEE 2.00 X 0 0 0 PAUL LAVALLEE TRUSTEE 2.00 X 0 0 0 MICHAEL NOCKUNAS TRUSTEE 2.00 X 0 0 0 RAYMOND QUINLAN DIRECTOR 2.00 X 0 0 0 ELIZABETH DABEK VELLA TRUSTEE 2.00 X 0 0 0 DAVID WOODBURY TRUSTEE 2.00 X 0 0 0 MELVIN P GORDON TRUSTEE 2.00 X 0 0 0 JONATHAN HAVERLY TRUSTEE 2.00 X 0 0 0 SPENCER HOLLAND TRUSTEE 2.00 X 0 0 0 ROBERT KIEVRA TRUSTEE 2.00 X 0 0 0 GLENN KING TRUSTEE 2.00 X 0 0 0 SUZANNE MAAS TRUSTEE 2.00 X 0 0 0 TODD MANDELLA TRUSTEE 2.00 X 0 0 0 AMY MCCARTHY TRUSTEE 2.00 X 0 0 0 LAURANCE S MORRISON TRUSTEE 2.00 X 0 0 0 DR PETER RUGG TRUSTEE 2.00 X 0 0 0 KARLA SANTIAGO-RUIZ TRUSTEE 2.00 X 0 0 0 KEVIN SHAUGHNESSY TRUSTEE 2.00 X 0 0 0 EMILY S STARR ESQ TRUSTEE 2.00 X 0 0 0 MAURA STICKLES TRUSTEE 2.00 X 0 0 0 JOHN STOWE TRUSTEE 2.00 X 0 0 0 DEAN THEODORE TRUSTEE 2.00 X 0 0 0 DR DAVID JORDAN DHA PRESIDENT 40.00 X 415933 0 487202 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 40.00 X 991501 0 0 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 40.00 X 247675 0 144123 MICHAEL MATTHEWS SR VP OF BUSINESS AND FINANCE 40.00 X 177211 0 70259 RICHARD NECKES SENIOR VP/CPO 40.00 X 211146 0 34998 CLIFF CABRAL VP SHRI 40.00 X 155606 0 17693 JONATHAN A WORCESTER VP OF NEUROCARE 40.00 X 155286 0 34641 JOSEPH N RICCIARDI CHIEF CLINICAL OFFICER 40.00 X 155180 0 34170 RAYMOND HONL ASSISTANT RESIDENT DIRECTO 40.00 X 134922 0 6396 HOLLY JAREK VP GROTON AND CAFS 40.00 X 139678 0 26629 WILLIAM STOCK VP FOR GOVT AND COMM RELAT 40.00 X 138707 0 26881 MARILYN LOPEZ-HADDAD VP HUMAN RESOURCES 40.00 X 154979 0 17000 CYNTHIA ANDREWS DIRECTOR OF NURSING GROTON 40.00 X 128696 0 3370 KATHLEEN MYSHRALL VP ADVANCEMENT 40.00 X 126574 0 34363 3333094 0 937725 30 0 1 0 ACT LEASING INC 215 SALEM STREET WOBURN MA 01801 VEHICLE LEASES 1138105 EAGLE CLEANING CORP 997 MILLBURY ST SUITE A WORCESTER MA 01607 CLEANING CONTRACTOR 960283 NETSMART TECHNOLOGIES PO BOX 823519 PHILADELPHIA PA 19182 IT/SOFTWARE 719236 WASTE MANAGEMENT PO BOX 13648 PHILADELPHIA PA 19101 WASTE CONTRACTOR 435334 HEALTHCARE SERVICES GROUP PO BOX 829677 PHILADELPHIA PA 19182 WASTE CONTRACTOR 388772 24 58000 8425656 6397980 8483656 FEES/CONTRACT GOV AGENCIES 623990 180835224 180835224 MEDICARE/MEDICAID 623990 59701191 59701191 RENT, VENDING, SERVICE FEES 623990 5227930 5227930 PRIVATE CONTRACT FEES 623990 2878581 2878581 865657 865657 249508583 1421442 1421442 829072 491956 337116 337116 -59453 396569 14415826 1042699 13618287 1333497 797539 -290798 506741 -290798 797539 1097721 897618 200103 157954 42149 OTHER REVENUE 623990 1402108 1402108 1402108 261859749 250777847 -17304 2615550 177845 177845 3333095 3333095 116466528 112709114 3757414 17881343 15580768 2300575 10185760 9587930 597830 153139 21342 131797 164549 43400 121149 84837 84837 301297 50773 250524 6372340 6036034 302516 33790 10011645 8957615 1053875 155 4316331 3832317 484014 761658 105505 656153 4119915 3517916 601999 5223300 4494377 728923 1490256 1207276 282980 CHILD CARE VOUCHER PAYM 49271534 49271534 SPECIALIZED HOME CARE 11935289 11935289 MISCELLANEOUS 7376436 5108211 2268109 116 CLINICAL CONSULTANTS 5055669 4310089 745580 -378059 -491956 113897 254304707 236455379 17701370 147958 17325536 17610992 147400 155676 23126735 30984562 915662 1395571 191940185 69991734 118592431 121948451 42670849 44794856 2533397 3330168 5990576 8803740 211302586 229024016 16475671 23792398 93247340 88357157 9439267 17993936 8330972 7619699 127493250 137763190 X 75014465 81417838 8794871 9842988 83809336 91260826 211302586 229024016 X 7555042 221712 -325264 X 0 1 X 1 1 1 X 1442441 1952676 8504160 2643044 2085676 16627997 191551163 198187755 206662024 218609407 255948965 1070959314 29292 29292 29292 87876 193022896 200169723 215195476 221252451 258034641 1087675187 0 0 0 1087675187 718010 847911 1207317 1356507 1421442 5551187 718010 847911 1207317 1356507 1421442 5551187 387907 320471 268933 977311 194128813 201338105 216671726 222608958 259456083 1094203685 0.99400 0.99400 0.00510 0.00480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33407945 1771527 1105245 1436054 34848663 34181223 2035948 2809226 33407945 26232553 5860170 2360419 271919 34181223 19878664 6613942 260053 26232553 20176216 331432 628984 19878664 0.75550 0.24450 0 0 18813035 18813035 150371298 55252521 95118777 18915497 14739213 4176284 3840355 3840355 121948451 DEFERRED COMPENSATION LIABILITY 7619699 7619699 X 263060934 221712 1064310 1286022 261774912 84837 84837 261859749 255609444 1389574 1389574 254219870 84837 84837 254304707 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS AND CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE FOUNDATION CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE FOUNDATION MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE FOUNDATION; AND THE INVESTMENT POLICIES OF THE FOUNDATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE STETSON HOME, INC. AFFILIATE HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 7% OF ITS BEGINNING OF THE YEAR RESTRICTED BALANCES. AMOUNTS APPROPRIATED FOR EXPENDITURE WERE $268,579 AND $282,912 IN 2020 AND 2019, RESPECTIVELY. THE CHILDREN'S FRIEND, INC. AFFILIATE HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF THE ENDOWMENT FUND'S TWELVE QUARTER MOVING AVERAGE OF MARKET VALUE, CALCULATED QUARTERLY. THERE WERE NO WITHDRAWALS FOR APPROPRIATION IN 2020 AND 2019. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE FOUNDATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST, DIVIDENDS AND NET RENTAL INCOME). THE FOUNDATION HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2020 AND JUNE 30, 2019. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REQUIRED. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE FOUNDATION'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOW. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 897,618. UNREALIZED LOSS ON HEDGING INSTRUMENT -325,264. RENTAL EXPENSES 491,956. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 897,618. RENTAL EXPENSES 491,956. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS REQUIRED BY THE COMMONWEALTH OF MASSACHUSETTS PART 1, LINE 6 VARIOUS GRANTS AND EXPENSE REIMBURSEMENTS ARE RECEIVED FROM VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS 1 SUB-SAHARAN AFRICA GRANTS CLINICAL SERVICES 136145 SOUTH ASIA GRANTS CLINICAL SERVICES 17000 CENTRAL AMERICA GRANTS CLINICAL SERVICES 24700 CAYMAN ISLANDS INVESTMENTS 429391 0 0 0 0 0 0 607236 0 607236 KENYA CLINICAL 17500 WIRE TRANSFER BOOK BO, SIERRA LEONE CLINICAL 1000 WIRE TRANSFER BOOK ACCRA, GHANA CLINICAL 24120 WIRE TRANSFER BOOK KHULA, BANGLADESH CLINICAL 15500 WIRE TRANSFER BOOK LOMA LINDA, GUATEMELA CLINICAL 13200 WIRE TRANSFER BOOK LA GONAVE, HAITI CLINICAL 5500 WIRE TRANSFER BOOK BO, SIERRA LEONE CLINICAL 93525 WIRE TRANSFER BOOK DHAKA, BANGLEDESH CLINICAL 1500 WIRE TRANSFER BOOK SAN JUAN, PUERTO RICO CLINICAL 5000 WIRE TRANSFER BOOK KINGSTON, JAMAICA CLINICAL 1000 WIRE TRANSFER BOOK 0 0 0 0 0 0 PART I, LINE 2: THERE IS A COMPREHENSIVE MONITORING AND EVALUATION SYSTEM FOR OUTCOME BASED DEVELOPMENT MONITORING AS WELL AS PROGRESS REPORTS AND ANNUAL BUDGET REVIEWS. PART III ACCOUNTING METHOD: NEW BEGINNINGS GOLF TOURNAMENT ABILITY FEST/BIG DIPPER 1039300 725112 156234 1 1.00000 58421 16272 1 1.00000 1097721 725112 172506 897618 200103 MA 1 0 0 0 1.00000 MICHAEL MATTHEWS SEVEN HILLS FOUNDATION 81 HOPE AVEN WORCESTER MA 01603 0 MICHAEL MATTHEWS MANAGER OF EVENTS X 1 367600 X X X X 0 1 0 0 0 0 0 0 0 DR DAVID JORDAN DHA PRESIDENT 406629 0 0 0 9304 0 487202 0 0 0 903135 0 0 0 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 408800 0 0 0 582701 0 0 0 0 0 991501 0 575000 0 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 246750 0 0 0 925 0 144123 0 0 0 391798 0 0 0 MICHAEL MATTHEWS SR VP OF BUSINESS AND FINANCE 177211 0 0 0 0 0 68757 0 1502 0 247470 0 0 0 RICHARD NECKES SENIOR VP/CPO 206771 0 0 0 4375 0 17448 0 17550 0 246144 0 0 0 CLIFF CABRAL VP SHRI 155606 0 0 0 0 0 17293 0 400 0 173299 0 0 0 JONATHAN A WORCESTER VP OF NEUROCARE 155286 0 0 0 0 0 16800 0 17841 0 189927 0 0 0 JOSEPH N RICCIARDI CHIEF CLINICAL OFFICER 155180 0 0 0 0 0 16329 0 17841 0 189350 0 0 0 HOLLY JAREK VP GROTON AND CAFS 139678 0 0 0 0 0 20174 0 6455 0 166307 0 0 0 WILLIAM STOCK VP FOR GOVT AND COMM RELAT 138707 0 0 0 0 0 20426 0 6455 0 165588 0 0 0 MARILYN LOPEZ-HADDAD VP HUMAN RESOURCES 154979 0 0 0 0 0 15558 0 1442 0 171979 0 0 0 KATHLEEN MYSHRALL VP ADVANCEMENT 126574 0 0 0 0 0 15434 0 18929 0 160937 0 0 0 PART I, LINE 4B DAVID A. JORDAN, DHA - DEFERRED COMPENSATION - $487,202 JOSEPH L. TOSCHES - DEFINED BENEFIT PLAN - $575,000 DR KATHLEEN JORDAN, DHA - DEFINED BENEFIT PLAN - $144,123 RICHARD NECKES - DEFERRED COMPENSATION - $17,448 MICHAEL MATTHEWS - DEFINED BENEFIT PLAN - $68,757 JOSEPH RICCIARDI - DEFERRED COMPENSATION - $16,329 WILLIAM STOCK - DEFERRED COMPENSATION - $20,426 JONATHAN WORCESTER - DEFERRED COMPENSATION - $16,800 CLIFF CABRAL - DEFERRED COMPENSATION - $17,923 HOLLY JAREK - DEFERRED COMPENSATION - $20,174 KATHERINE MYSHRAL - DEFERRED COMPENSATION - $15,434 MARILYN LOPEZ HADDAD - DEFERRED COMPENSATION - $15,558 THE EMPLOYER CONTRIBUTES THESE DEFERRED COMPENSATION PAYMENTS TO A NON QUALIFIED INELIGIBLE 457(F) PLAN. THESE AMOUNTS CONTRIBUTED INTO THE 457(F) PLAN ARE NOT VESTED AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE IN THE EVENT THAT EMPLOYEES DO NOT FULFILL THEIR OBLIGATIONS OF THEIR EMPLOYMENT WITH THE ORGANIZATION. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-09-01 12000000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-09-01 5500000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 2011-12-29 8051000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 D RI HEALTH & EDUCATIONAL BUILDING CORP 000052919 2012-06-01 3555000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 A 12000000 284980 11715020 2010 0 0 1 1 B 5500000 194288 5305712 2010 0 0 1 1 C 8051000 161096 7075135 2013 0 0 1 1 D 3555000 71100 3197063 2013 0 0 1 1 A 0 0 0 0 0 1 0.15830 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 1 0.15220 0 1 D 0 0 0 0 0 1 0.00000 0 1 A 0 1 1 1 1 1 TD BANK 5.000000000000 0 0 0 0 1 B 0 1 1 1 1 1 TD BANK 10.000000000000 0 0 0 0 1 C 0 1 1 1 1 1 TD BANK 4.000000000000 0 0 0 0 1 D 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2014 ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2014 ISSUER NAME: MASS HEFA REVENUE BONDS DATE THE REBATE COMPUTATION WAS PERFORMED: 11/19/2014 A RI HEALTH & EDUCATIONAL BUILDING CORP 000052919 2013-06-30 1655000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 B MASS HEFA REVENUE BONDS 042456011 2004-11-19 11653000 CONSOLIDATE LOANS 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 57583U6N3 2015-04-09 55835000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 D MASS DEVELOPMENT FINANCE AGENCY 043431814 2017-10-31 20000000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 A 1655000 23414 1606835 2014 0 0 1 1 B 11653000 159840 11493160 2004 0 0 1 1 C 55835000 3413046 447673 59260474 2015 1 0 1 1 D 20000000 297179 19702820 2017 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 1 0.16560 0 1 D 0 0 0 0 0 1 0.00800 0 1 A 0 1 1 1 1 0 0 0 1 B 0 1 1 1 1 1 TD BANK 10.000000000000 0 0 0 0 1 C 0 1 1 1 0 0 0 0 1 D 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 LOUISE PERRY CO-OWNER OF GROUP 7 DE SIBLING-SISTER OF JOSEPH TOSCHES 152276 ARCHITECTURAL SERVICES 0 LOUISE PERRY CO-OWNER OF GROUP 7 DE SIBLING-SISTER OF JOSEPH TOSCHES 20000 MANAGEMENT FEE EXPENSE 0 LOUISE PERRY CO-OWNER OF GROUP 7 DE SIBLING-SISTER OF JOSEPH TOSCHES 24000 RENTAL INCOME 0 0 X CONTRIBUTION ASSOCIATED WITH AFFILIATION AGREEMENT 2 6397980 FMV 0 1 0 FORM 990, PART III, LINE 2 SEVEN HILLS FOUNDATION AND AFFILIATES, INC. APPROVED AFFILIATION AGREEMENTS WITH FAMILY SERVICES OF CENTRAL MASSACHUSETTS AND YOUTH OPPORTUNITIES UPHELD, INC. RESULTING IN ADDITIONAL AFFILIATES. FORM 990, PART VI, SECTION A, LINE 2 DAVID JORDAN, PRESIDENT, IS MARRIED TO KATHLEEN JORDAN, EXECUTIVE VP/CEO. FORM 990, PART VI, SECTION A, LINE 7A A NOMINATING COMMITTEE MEETS TO REVIEW PROSPECTIVE CANDIDATES FOR SEVEN HILLS FOUNDATION DIRECTOR OR TRUSTEE POSITIONS. THE LIST OF NOMINATED CANDIDATES IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ELECTED DIRECTORS AND TRUSTEES SERVE FOR A 3-YEAR TERM. BOARD OFFICERS SERVE A 1-YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B MAJOR DECISIONS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS, PRESIDENT,EXEC VP/CEO, AND SENIOR VP OF BUSINESS AND FINANCE WILL REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE TOP TWO EMPLOYEES IS THROUGH AN INDEPENDENT COMPENSATION REVIEW EVERY TWO YEARS CONDUCTED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON HEDGING INSTRUMENT -325,264. AFFILIATION AGREEMENTS THE BOARD OF DIRECTORS OF THE FOUNDATION AND THE BOARD OF DIRECTORS OF FAMILY SERVICE ORGANIZATION OF WORCESTER, INC. AND AFFILIATE VOTED TO APPROVE AN AFFILIATION AGREEMENT WITH THE FOUNDATION RESULTING IN FAMILY SERVICE ORGANIZATION OF WORCESTER, INC. BECOMING AN AFFILIATE OF THE FOUNDATION EFFECTIVE JANUARY 1, 2020. ALL CONTRACTS AND ACTIVITIES OF FAMILY SERVICE ORGANIZATION OF WORCESTER, INC. CONTINUED AS AN AFFILIATE OF THE FOUNDATION. THE ASSETS, LIABILITIES, AND NET (DEFICIT) FOR FAMILY SERVICE ORGANIZATION OF WORCESTER, INC. ARE AS FOLLOWS: ASSETS - $594,874 LIABILITIES - $660,367 NET ASSETS (DEFICIT) - $(65,493) THE BOARD OF DIRECTORS OF THE FOUNDATION AND THE BOARD OF DIRECTORS OF YOUTH OPPORTUNITIES UPHELD, INC. VOTED TO APPROVE AN AFFILIATION AGREEMENT WITH THE FOUNDATION RESULTING IN YOUTH OPPORTUNITIES UPHELD, INC. BECOMING AN AFFILIATE OF THE FOUNDATION EFFECTIVE APRIL 1, 2020. ALL CONTRACTS AND ACTIVITIES OF YOUTH OPPORTUNITIES UPHELD, INC. CONTINUED AS AN AFFILIATES OF THE FOUNDATION. THE ASSETS, LIABILITIES AND NET ASSETS FOR YOUTH OPPORTUNITIES UPHELD, INC. ARE AS FOLLOWS: ASSETS - $17,011,075 LIABILITIES - $10,547,602 NET ASSETS- $2,378,636 SEVEN HILLS FAMILY SERVICES INC 81 HOPE AVENUE WORCESTER MA 01603 043293665 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS COMMUNITY SERVICES INC 81 HOPE AVENUE WORCESTER MA 01603 043125422 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS ASPIRE 81 HOPE AVENUE WORCESTER MA 01603 042274992 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS DISABILITY RESOURCES & ADVOCACY INC 81 HOPE AVENUE WORCESTER MA 01603 042522064 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 WAARC REALTY INC 81 HOPE AVENUE WORCESTER MA 01603 042862244 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEASIDE EDUCATIONAL ASSOCIATES INC 81 HOPE AVENUE WORCESTER MA 01603 042669835 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS NEUROCARE INC 81 HOPE AVENUE WORCESTER MA 01603 043527672 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS BEHAVIOR HEALTH INC 81 HOPE AVENUE WORCESTER MA 01603 042173052 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS AT GROTON 81 HOPE AVENUE WORCESTER MA 01603 200172796 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS RHODE ISLAND INC 81 HOPE AVENUE WORCESTER MA 01603 056013789 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS GLOBAL OUTREACH 81 HOPE AVENUE WORCESTER MA 01603 263273731 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS CLINICAL ASSOCIATES INC 81 HOPE AVENUE WORCESTER MA 01603 020627442 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 INDIVIDUAL & FAMILY SUPPORT CENTERS INC 81 HOPE AVENUE WORCESTER MA 01603 042492493 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 CHILDREN'S AID & FAMILY SERVICE INC 81 HOPE AVENUE WORCESTER MA 01603 042161932 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 STETSON SCHOOLINC 81 HOPE AVENUE WORCESTER MA 01603 042631391 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 STETSON HOME INC 81 HOPE AVENUE WORCESTER MA 01603 042122643 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 CHILDREN'S FRIEND INC 81 HOPE AVENUE WORCESTER MA 01603 042105856 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 OPEN DOOR ARTS INC 81 HOPE AVENUE WORCESTER MA 01603 042699540 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS NEW JERSEY 81 HOPE AVENUE WORCESTER MA 01603 474001509 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS FAMILY SERVICES INC DBA AS MCCN 81 HOPE AVENUE WORCESTER MA 01603 043293665 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 FAMILY SERVICES ORGANIZATION OF WORCESTER INC 81 HOPE AVENUE WORCESTER MA 01603 042103767 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 FSMC-GIRLS WELFARE SOCIETY OF WORCESTER 81 HOPE AVENUE WORCESTER MA 01603 237092431 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 YOUTH OPPORTUNITES UPHELD INC 81 HOPE AVENUE WORCESTER MS 01603 237112665 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 EMPIRICAL ASSET MANAGEMENT LLC 2223 WASHINGTON STREET STE 101 NEWTON MA 02462 273376835 ASSET MANAGEMENT MA INVESTMENT 6365 583291 0 0 0.06560 BIRCH B LLC (DBA HONEYDROP BEVERAGES) 1223 WYNDEN COMMONS LANE HOUSTON TX 77056 260527345 BEVERAGE MARKET TX UNRELATED -14776 409220 0 0 0.04610 WELLESLEY FRONT LLC 36 WASHINGTON STREET SUITE 390 WELLESLEY MA 02481 475074072 REAL PROPERTY MA UNRELATED -123820 281062 0 0 0.25000 SCIREH THREE LLC 146 MAIN STREET 3RD FLOOR WORCESTER MA 01608 815023726 REAL PROPERTY MA UNRELATED -5641 113208 0 0 0.02750 MERCANTILE VENTURES LLC 36 WASHINGTON STREET SUITE 390 WELLESLEY MA 02481 832466221 REAL PROPERTY MA UNRELATED -142745 309504 0 0 0.04850 CANAL DISTRICT PARTNERS LLC 4 ASH STREET WORCESTER MA 01608 001288026 REAL PROPERTY MA UNRELATED -141249 58751 0 0 0.02940 WBC INVESTMENTS LLC 175 RICHDALE AVE CAMBRIDGE MA 02140 843724692 REAL PROPERTY MA UNRELATED 200000 0 0 GROUP 7 DESIGN INC 83 CEDAR STREET MILFORD MA 01757 261688975 ARCHITECTURAL DESIGN MA N/A S 32572 313957 0.73930 0 SEVEN HILLS HOLDING CORPORATION 81 HOPE AVENUE WORCESTER MA 01603 460928673 REAL ESTATE HOLDING MA C 78100 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 GROUP 7 DESIGN INC Q 20000 GAAP GROUP 7 DESIGN INC A 24000 GAAP GROUP 7 DESIGN INC L 152276 GAAP WELLESLY FRONT S 38996 GAAP MERCANTILE VENTURES S 45000 GAAP GROUP 7 DESIGN INC S 10749 GAAP