2019-11-13T13:24:11-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2018-01-01 042103905 THE BOSTON HOME INC BOST 6178253905 2049 DORCHESTER AVENUE BOSTON MA 02124 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 6178253905 2019-11-13 1 MICHELE M PRATT CPA MBA P00643742 6179848100 67.137.57.251 2019-11-13 14:24:03 ES P FBF91E9F6601ABEAE195131D925EE83266DF73FD 623AF3ECE4A3668C62189EBF18041AA444D0AF2F 2018 2020-04-17 16:48:07Z FRANCIS R MURPHY III 2049 DORCHESTER AVENUE BOSTON MA 02124 18225616 0 X WWW.THEBOSTONHOME.ORG X 1884 MA TO IMPROVE THE LIVES OF ADULTS WITH ADVANCED MULTIPLE SCLEROSIS AND OTHER NEUROLOGICAL DISORDERS. 19 19 262 60 0 -68790 471215 824817 11319822 11315501 5099013 2569581 49005 12127 16939055 14722026 0 36094 0 0 10192993 10096258 65718 0 342703 4418675 5172539 14677386 15304891 2261669 -582865 79310453 64806712 20860046 13255066 58450407 51551646 X THE BOSTON HOME SEEKS TO IMPROVE THE LIVES OF ADULTS WITH ADVANCED MULTIPLE SCLEROSIS AND OTHER NEUROLOGICAL DISORDERS. 0 0 12106787 36094 11327628 THE BOSTON HOME PROVIDES A UNIQUE CONTINUUM OF CARE FOR ADULTS WITH ADVANCED MULTIPLE SCLEROSIS AND OTHER NEUROLOGICAL DISORDERS. WE DO THIS IN FOUR PRIMARY AREAS: (1) OUR ON-SITE RESIDENTIAL SKILLED NURSING FACILITY, BY FAR THE LARGEST OF OUR PROGRAMS, SUPPORTS THE INDEPENDENCE OF 96 DISABLED ADULTS IN A LONG-TERM CARE SETTING BY PROVIDING OUTSTANDING CLINICAL CARE AS WELL AS UTILIZING THE LATEST ADVANCES IN ASSISTIVE TECHNOLOGY, WHEELCHAIR MODIFICATIONS, REHABILITATION SERVICES, WHEELCHAIR SEATING CLINIC, AND BY OFFERING A WIDE RANGE OF LIFE ENHANCING PROGRAMS AND EVENTS. (2) WE SUPPORT ADULTS, WITH SIMILAR NEEDS WHO ARE LIVING IN THE COMMUNITY, BY GIVING THEM ACCESS TO THE RESOURCES DESCRIBED ABOVE AND ALSO TO B.FIT! - OUR SOCIAL DAY PROGRAM THAT PROVIDES PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A ROBUST SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN A HIGH LEVEL OF PERSONAL INDEPENDENCE. (3) WE JUST COMPLETED THE DEVELOPMENT OF HARMON APARTMENTS, LLC, A 36 UNIT, AFFORDABLE, COMPLETELY ACCESSIBLE, SUPPORTIVE INDEPENDENT APARTMENT BUILDING DESIGNED FOR THOSE WITH MOBILITY IMPAIRMENTS AND A DESIRE FOR SUPPORTIVE SERVICES. (4) AND FINALLY, WE COLLABORATE AND SHARE BEST CLINICAL PRACTICES WITH THE BROAD WORLD OF ACADEMIA, RESEARCH AND ADVOCACY ON ISSUES RELATED TO THE NEEDS AND CARE OF THOSE WITH ADVANCED MULTIPLE SCLEROSIS THROUGH THE BOSTON HOME INSTITUTE. 12106787 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 30 0 262 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X FRANCIS R MURPHY III 6173264294 2049 DORCHESTER AVENUE BOSTON MA 02124 RANDOLPH G HAWTHORNE CHAIR 1.00 X X 0 0 0 VIRIGIA E SOYBEL TREASURER 1.00 X X 0 0 0 CINDY BAGLEY TRUSTEE 1.00 X 0 0 0 DEBRA FRANKEL TRUSTEE 1.00 X 0 0 0 DR LEIGH HOCHBERG TRUSTEE 1.00 X 0 0 0 ELIZABETH COLBURN-MORAITES TRUSTEE 1.00 X 0 0 0 JAMES SEIDE TRUSTEE 1.00 X 0 0 0 JOHN WOODARD TRUSTEE 1.00 X 0 0 0 JOSEFINA MARTINEZ STAMATOS TRUSTEE 1.00 X 0 0 0 KAREN QUIGLEY TRUSTEE 1.00 X 0 0 0 KENNETH SMITH TRUSTEE 1.00 X 0 0 0 KURT A ROCKSTROH TRUSTEE 1.00 X 0 0 0 LAURA SALTONSTALL TRUSTEE 1.00 X 0 0 0 MAUREEN FEENEY TRUSTEE 1.00 X 0 0 0 RONALD ROSENBERG TRUSTEE 1.00 X 0 0 0 SALLY MICHAEL TRUSTEE 1.00 X 0 0 0 SAMANTHA BUDD HAEBERLEIN TRUSTEE 1.00 X 0 0 0 VIRGINIA MIRISOLA TRUSTEE 1.00 X 0 0 0 DAVID YOUNG-HONG TRUSTEE 1.00 X 0 0 0 CHRISTINE REILLY PRESIDENT & CHIEF EXECUTIVE 40.00 X 209028 0 13000 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 40.00 X 187970 0 12024 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVICES 40.00 X 147753 0 14029 MARK WILLIAMSON DIRECTOR OF HUMAN RESOURCE 40.00 X 110974 0 4199 JESSICA REILLY CLINICAL SPECIALIST 40.00 X 106149 0 2119 ALEXANDER BURNHAM DIRECTOR OF REHAB 40.00 X 102161 0 2110 864035 0 47481 6 0 1 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT FEES 116612 1 31964 792853 824817 NET PATIENT SERVICE REVENUE 623000 11315501 11315501 11315501 805779 805779 5267392 3503590 1763802 1763802 1763802 MISCELLANEOUS INCOME 900099 12127 12127 12127 14722026 11327628 0 2569581 36094 36094 398029 398029 8186015 7378889 674503 132623 101360 87854 12230 1276 743006 634512 106818 1676 667848 606542 42955 18351 60465 60465 118407 118407 267445 207882 59563 180364 4400 175964 86425 1187 78436 6802 182184 182184 442336 397880 44456 590977 590977 985763 803363 176389 6011 61146 61146 SUPPLIES 620750 620750 MISCELLANEOUS EXPENSE 315054 4915 310139 FOOD 313058 313058 BAD DEBTS 20921 20921 927244 219779 707465 15304891 12106787 2855401 342703 293523 211613 3403069 3702513 130030 461272 2401528 880920 172597 233235 26247761 15480226 12512048 10767535 18075670 14052229 34987274 30937468 7334714 3559927 79310453 64806712 3620098 2048317 49381 50820 10799755 10245938 2362829 4027983 909991 20860046 13255066 X 54094216 47975626 3131540 2351369 1224651 1224651 58450407 51551646 79310453 64806712 X -582865 -6628845 312949 X 0 1 X 1 0 X 427768 541588 557979 471215 824817 2823367 10353708 10645929 10807014 11319822 11315501 54441974 10781476 11187517 11364993 11791037 12140318 57265341 19616 24280 34630 30500 83303 192329 0 19616 24280 34630 30500 83303 192329 57073012 481291 605359 263014 411946 805779 2567389 481291 605359 263014 411946 805779 2567389 6734 22 6756 18298 6888 14483 32039 12127 83835 11281065 11806498 11642512 12235022 12958224 59923321 0.95240 0.95690 0.04280 0.03930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DAY PROGRAM INCOME - ENERGY REBATES - 2017 AMOUNT: $ 16,870. MUNICIPAL DERIVATIVES SETTLEMENT - 2017 AMOUNT: $ 6,570. STATE REFUND - 2017 AMOUNT: $ 3,525. OTHER INCOME - 2014 AMOUNT: $ 18,298. 2015 AMOUNT: $ 6,888. 2016 AMOUNT: $ 14,483. 2017 AMOUNT: $ 5,074. 2018 AMOUNT: $ 12,127. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 26115 0 1 1259 27374 0 PART II-B, LINE 1: THE ORGANIZATION RETAINS LOBBYIST ROBERT WHITE ASSOCIATES TO OVERSEE MASSHEALTH RATE ISSUES AND CONSULTANT MARY GEARY-SALGADO TO RUN THE TBH INSTITUTE. IN 2018, THE AMOUNT PAID TO ROBERT WHITE ASSOCIATES DESIGNATED AS LOBBYING WAS $24,000. THE AMOUNT PAID TO MARY GEARY-SALGADO DESIGNATED AS LOBBYING WAS $2,115. IN ADDITION, THE ORGANIZATION PAYS DUES TO THE AMERICAN HEALTH CARE ASSOCIATION; THE NEW ENGLAND COUNCIL; AND THE MASSACHUSETTS SENIOR CARE ASSOCIATION, A PORTION OF WHICH ARE ATTRIBUTABLE TO LOBBYING, $494, $11, AND $754, RESPECTIVELY. 1 0 56421353 -4271219 3500000 48650134 53586337 7035016 4200000 56421353 53464022 -4779 3024094 2900000 53583337 57116833 8108 -1560919 2100000 53464022 55751156 1255715 2109962 2000000 57116833 0.93060 0.02380 0.04560 1 0 35045 35045 23164703 13417462 9747241 2833705 1869993 963712 214308 192771 21537 10767535 INVESTMENTS-OTH SECS(DETAIL)-990 30937468 C 30937468 OTHER CURRENT ASSETS 530170 INTERCOMPANY 3029757 3559927 INTEREST RATE SWAP VALUE 909991 909991 X 8362723 -6628845 75000 312949 -6240896 14603619 118407 118407 14722026 15261484 75000 75000 15186484 118407 118407 15304891 PART IV, LINE 1B: THE ORGANIZATION HOLDS ESCROW ACCOUNTS WHICH ARE RESIDENT TRUST FUNDS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO SUPPLEMENT THE OPERATING COSTS OF THE BOSTON HOME IN FURTHERANCE OF ITS MISSION. PART X, LINE 2: THE BOSTON HOME, INC. ("TBH") IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. GIVEN THE LIMITED TAXABLE ACTIVITIES OF TBH, MANAGEMENT CONCLUDED THAT DISCLOSURES RELATIVE TO TAX PROVISIONS ARE NOT NECESSARY. TBH ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. TBH HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, TBH HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. TBH IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SWAP AGREEMENT 312,949. X X X X 1 DEVELOPMENT COMMUNICATION ASSOCIATES INC 9 VERNON STREET FRAMINGHAM MA 01701 CAPITAL CAMPAIGN PLANNING 0 611240 72500 538740 611240 72500 538740 MA 0 HARMON APARTMENTS HOUSING INC 2045 DORCHESTER AVENUE BOSTON MA 02124 815429508 36094 FMV DONATIONS FOR SALARIES 1 X X 0 1 0 0 0 0 0 0 0 CHRISTINE REILLY PRESIDENT & CHIEF EXECUTIVE 209028 0 0 0 0 0 9960 0 3040 0 222028 0 0 0 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 180470 0 7500 0 0 0 8698 0 3326 0 199994 0 0 0 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVICES 142753 0 5000 0 0 0 7089 0 6940 0 161782 0 0 0 A MASS HEALTH AND EDUCATIONAL FACILITIES AUTH 042456011 57585KZY7 2009-09-14 14900000 TO REFUND PRIOR BONDS 0 0 0 A 4485000 14900000 14900000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 1 CITIZENS BANK 5.500000000000 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE CORPORATION AND SUCH ADDITIONAL TRUSTEES AS THE CHAIRMAN MAY APPOINT. THE CHAIRMAN SHALL BE THE CHAIRMAN OF THE COMMITTEE. UNLESS THE TRUSTEES OTHERWISE DETERMINE, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACT ON ALL MATTERS BETWEEN MEETINGS OF THE TRUSTEES EXCEPT FOR SUCH ACTIONS THAT BY LAW MUST BE TAKEN BY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B WE PROVIDE THE BOARD WITH A COPY OF THE FORM 990 AS WELL AS MATERIALS TO ASSIST THEM IN COMPLETING THEIR RESPONSIBILITIES RELATED TO FORM 990. THE AUDITORS ARE ON HAND AT THE ANNUAL MEETING TO ANSWER ANY QUESTIONS THE BOARD MEMBERS MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS THAT THE BOSTON HOME IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE ANNUAL STATEMENTS WILL BE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF AN INDIVIDUAL IS FOUND TO HAVE A POTENTIAL CONFLICT, THAT PERSON IS BARRED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE CONFLICTING MATTER. PERIODIC REVIEWS: TO ENSURE THAT THE BOSTON HOME OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND ARE THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE BOSTON HOME'S CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. USE OF OUTSIDE EXPERTS: IN CONDUCTING THE PERIODIC REVIEWS PROVIDED FOR IN ARTICLE VII, THE BOSTON HOME MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT SUB-COMPONENT OF THE BOARD OF DIRECTORS (COMPENSATION COMMITTEE) MEETS ANNUALLY TO REVIEW AND PROVIDE RECOMMENDATIONS ON THE COMPENSATION PACKAGES OF THE ORGANIZATION'S OFFICERS, TOP MANAGEMENT OFFICIAL, AND KEY EMPLOYEES. IN ALL CASES, COMPENSATION IS SET BY INDEPENDENT PERSONS USING COMPARABILITY DATA WHERE APPLICABLE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS KEPT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON SWAP AGREEMENT 312,949. HARMON APARTMENTS HOUSING INC 2049 DORCHESTER AVENUE DORCHESTER MA 02124 815429508 REAL ESTATE FOR THOSE WITH PHYSICAL DISABILITIES MA 501(C)(3) LINE 10 0 HARMON APARTMENT LLC 2049 DORCHESTER AVENUE DORCHESTER MA 02124 384029564 REAL ESTATE FOR THOSE WITH PHYSICAL DISABILITIES MA 0 0 HARMON APARTMENTS MANAGER LLC 2049 DORCHESTER AVENUE DORCHESTER MA 02124 820744073 REAL ESTATE FOR THOSE WITH PHYSICAL DISABILITIES MA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0