2020-11-13T12:56:30-06:00 2019-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2019-01-01 043204112 Hospitality Homes Inc HOSP 8885954678 PO Box 15265 Boston MA 02215 Marc Volpe Treasurer 8885954678 2020-11-13 1 Nicholas E Porto P01310283 2078792100 2020-11-13 208.105.168.164 2020-11-13 12:15:01 ES P 28DFC247DC37E34370B98ED8955637B35689D29D DA1D1F22D002DE74304CAE64996AD19EA354FE22 2019 2021-01-29 14:40:06Z Deborah Pepper PO Box 15265 Boston MA 02215 586639 0 X www.hosp.org X 1993 MA Hospitality Homes provides temporary housing (additional information on Schedule O...)(continued from page 1...) in volunteer host homes and other donated accommodations for families and friends of patients seeking care at Boston-Area medical centers. 12 12 6 120 0 0 508890 487837 43105 42395 7874 11611 -56405 -21436 503464 520407 0 0 0 0 342761 322694 0 14313 68753 165614 151880 508375 488887 -4911 31520 1033068 1136057 20314 36919 1012754 1099138 X Hospitality Homes provides temporary housing in volunteer host homes and other donated accommodations for families and friends of patients seeking care at Boston-Area medical centers. (See Schedule O for additional information)(continued from Page 2...) Hospitality Homes' unique, home-away-from-home lodging option has provided a caring response as well as relief from emotional and financial challenges for these individuals and families. 0 0 366137 0 42395 Through its network of close to 150 host homes, Hospitality Homes offers not only a comfortable bed in which to sleep, but also a compassionate presence in an unfamiliar city and a welcoming home to return to for families and friends who spend long days at the hospital, supporting their loved ones. Hospitality Homes is unique among Boston-area hospital housing programs because it is open to all families, regardless of income, nationality, or the patient's age, diagnosis, or treatment facility. (See Schedule O for additional information).(continued from page 2...) Over 60 percent of the program's guests have annual household incomes under $40,000, and all families are challenged with the high costs associated with serious and/or chronic illness. By providing all housing at no cost, Hospitality Homes seeks to alleviate financial constraints and enable families to focus both their financial and their emotional resources on their hospitalized loved ones. Many guests report that, without the housing that Hospitality Homes offers, their family members simply would not be able to access the life-saving or life-changing treatment they need. Over the course of its 36-year history, Hospitality Homes has provided over 182,100 nights of housing. In the last eight years alone, the organization has served over 8,200 guests who traveled from over 50 U.S. States and Territories and 22 countries, saving them more than $14.4M in estimated equivalent hotel fees. These guests accompanied patients seeking treatment at 26 Boston-area healthcare facilities, and stayed an average of 10 nights. 366137 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Deborah Pepper Executive Director 8885954678 PO Box 15265 Boston MA 02215 Marianne M Jones CEO (end 7/19) 40.00 0.00 X 77240 0 5600 Shanon Heckethorn Interim CEO 40.00 0.00 X 71741 0 6093 Anu Advani Director 1.00 0.00 X 0 0 0 Rich Allred Director 1.00 0.00 X 0 0 0 Jonathan Arruda Director (end 12/19) 1.00 0.00 X 0 0 0 Judith Chasin Director 1.00 0.00 X 0 0 0 Andrew Lehrer Director (end 12/19) 1.00 0.00 X 0 0 0 Jay Levine Director 1.00 0.00 X 0 0 0 Sarah Nochur Director 1.00 0.00 X 0 0 0 Judy E Paradis Director 1.00 0.00 X 0 0 0 Holli Roth Director 1.00 0.00 X 0 0 0 Kathryn Crist Chair (end 1/19); Director 3.00 0.00 X X 0 0 0 Sarah L Schwartz Chair 3.00 0.00 X X 0 0 0 Tara O'Donnell Vice-Chair 2.00 0.00 X X 0 0 0 Marc Volpe Treasurer 2.00 0.00 X X 0 0 0 Leslie Greenfield Secretary 1.00 0.00 X X 0 0 0 148981 0 11693 0 0 0 0 0 X 98765 389072 210 487837 Apartment service fees 532000 38881 38881 Support services 561000 3514 3514 42395 11611 11611 38486 98765 65932 -27446 -27446 6310 300 6010 6010 520407 42395 0 -9825 160674 128539 8034 24101 116325 93061 5815 17449 2652 2121 133 398 23376 18701 1169 3506 19667 15488 978 3201 14700 14700 14313 14313 26647 23584 1147 1916 11244 11244 20993 12685 7210 1098 43612 34887 6543 2182 1633 1633 6499 6499 Housing services 26552 24194 1769 589 488887 366137 53997 68753 245985 378615 317702 223589 189811 188086 13877 13877 0 0 277320 343167 2250 2600 1033068 1136057 20314 36919 20314 36919 X 896087 970471 116667 128667 1012754 1099138 1033068 1136057 31520 54864 0 X X 0 1 X 1 0 X 484170 374724 529848 508890 487837 2385469 25163 36545 43985 43105 42395 191193 509333 411269 573833 551995 530232 2576662 166523 169710 168040 40930 10700 555903 0 166523 169710 168040 40930 10700 555903 2020759 2995 8491 8250 7874 11611 39221 2995 8491 8250 7874 11611 39221 5827 45060 71698 6010 6010 134605 518155 464820 653781 565879 547853 2750488 0.73470 0.74060 0.01430 0.01190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98667 98667 98667 98667 98667 98667 98667 98667 98667 98667 0.00000 1.00000 0.00000 0 0 13877 13877 0 0 X 2778015 54864 2136512 66232 2257608 520407 0 520407 2691631 2136512 66232 2202744 488887 0 488887 Part V, Line 4: The Organization's endowment consists of an individual, donor-restricted endowment fund established to achieve the long-range goals of the Organization. Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Contributions to the Organization are tax deductible under Section 170(c) of the Internal Revenue Code. In determining the recognition of uncertain tax positions, the Organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of December 31, 2019, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization is not currently under examination by any taxing jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed. Part XI, Line 2d - Other Adjustments: Fundraising expenses 65,932. Gaming expenses 300. Part XII, Line 2d - Other Adjustments: Fundraising expenses 65,932. Gaming expenses 300. Form 990, Schedule D, Part XI, Line 2b, and Part XII, Line 2b: The Organization records donated goods, accommodations, and other items which pass through the Organization's programs at their estimated fair value at the date of donation. Accordingly, donated goods and accommodations of $2,143,286 for the year ended December 31, 2019 were recorded as both revenue and expense in the statements of activities on the audited financial statements. Included in the above amounts are donated accommodations at hosts' homes with an estimated value of $1,931,320 for the year ended December 31, 2019. The value of these accommodations is based on 7,288 estimated equivalent hotel room nights in 2019 at a rate of $265 per night. The grand total value of donated goods-in-kind, accommodations, and services received by Hospitality Homes in 2019 was $2,143,286, which includes the amounts described in the preceding paragraphs. It has been determined that $6,774 of these donated in-kind items relate to the receipt and eventual expenditure of physical goods and property, or cash equivalent gifts and expenditures, in the 2019 tax year. Therefore, the difference of $2,136,512 is the combined value for the donations of services, room-accommodations, and lodging benefits and privileges, as appears on Form 990, Schedule D, Part XI, Line 2b, and on Part VII, Line 2b. Golf Tournament 124437 92481 31956 6371 20340 10111 14173 Wine Tasting 12814 6284 6530 194 95 279 14369 137251 98765 38486 6565 20340 10206 279 28542 65932 -27446 Schedule G, Part II, Fundraising Events Due to Form 990 filing instruction requirements, the presentation of the Organization's fundraising events in Schedule G, Part II, Line 11 appears to report a loss of $27,446. However, IRS instructions require that any donations or raffle income received as part of the event should be moved from Line 3 and reported elsewhere on the return. This creates the appearance that the Organization operated its fundraising events at a deficit. However, actual net income from its fundraising events in 2019 was a positive $77,329 when including donations of $98,765 and raffle income of $6,010. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside accounting firm. The President, CEO and Treasurer initially review the Form 990 after it is prepared by the contracted accounting firm and, upon their approval, the Form 990 is then distributed to the rest of the Board for their review and for final approval by the full Board. Form 990, Part VI, Section B, line 12c The Chairman of the Board explains the Conflict of Interest Policy at board meetings to all board members and addresses any and all questions that the board may have at that time. The Conflict of Interest Disclosure Form is distributed to all board members at the board meeting. Any board members who are absent from the meeting are given the disclosure form electronically. Signed Conflict of Interest Disclosure Forms are collected at subsequent board meetings or are mailed to the offices of Hospitality Homes. Signed copies are kept in permanent files at the organization's corporate office. Form 990, Part VI, Section B, line 15 Officer compensation is reviewed by the board of directors. Hospitality Homes determines an appropriate wage for officer compensation by analyzing databases of the nonprofit sector. Hospitality Homes ultimately determines the amount to be paid to officers based on industry standards set by comparable tax-exempt entities relative to the officer's title, job description and responsibilities and length of service. 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. The organization's tax filings and financial statements are also available from digital resources, such as Guidestar, The Boston Foundation Online Giving Common platform, and other public access databases. Form 990, Part VIII, Line 8c: Due to Form 990 filing instruction requirements, the presentation of the Organization's fundraising events in Part VIII, Line 8c appears to report a loss of $27,446. However, IRS instructions require that any donations or raffle income received as part of the event should be moved from Line 8a to Lines 1c and 9a, respectively. This creates the appearance that the Organization operated its fundraising events at a deficit. However, actual net income from its fundraising events in 2019 was a positive $77,329 when including donations of $98,765 and raffle income of $6,010. Form 990, Part XII, Line 2c: The audit process has not changed from the previous year.