2019-11-15T07:17:21-06:00 2018-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2018-01-01 043204112 Hospitality Homes Inc HOSP 8885954678 PO Box 15265 Boston MA 02215 Marc Volpe Treasurer 8885954678 2019-11-14 1 Nicholas E Porto P01310283 2078792100 2019-11-14 208.105.168.164 2019-11-14 16:01:48 ES P 89E582745F398AB9123794375B037D04AD0E63E3 86AD5A998A217BD7885303F5109AB5202568ED7D 2018 2020-04-17 16:48:07Z Shanon Heckethorn PO Box 15265 Boston MA 02215 589002 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. 13 13 7 150 0 0 529848 508890 43985 43105 8250 7874 71698 -56405 653781 503464 0 0 0 0 351400 342761 0 0 57361 150983 165614 502383 508375 151398 -4911 1066338 1033068 23504 20314 1042834 1012754 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 385439 0 43105 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 35 year history, Hospitality Homes has provided over 175,000 nights of housing. In the last seven years alone, the organization has served over 7,400 guests who traveled from over 50 U.S. States and Territories and 15 countries, saving them more than $11.8M in estimated equivalent hotel fees. These guests accompanied patients seeking treatment at 25 Boston-area healthcare facilities, and stayed an average of 10 nights. 385439 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 1 0 0 0 0 0 0 0 0 1 7 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Shanon Heckethorn 8885954678 PO Box 15265 Boston MA 02215 Anu Advani Director 1.00 X 0 0 0 Judith Chasin Director 1.00 X 0 0 0 Leslie Greenfield Director 1.00 X 0 0 0 Al Hammond Director 1.00 X 0 0 0 Stephanie Harriston-Diggs Director 1.00 X 0 0 0 Katherine Keough Director 1.00 X 0 0 0 Tara O'Donnell Director 2.00 X 0 0 0 Judy E Paradis Director 1.00 X 0 0 0 Holli Roth Director 1.00 X 0 0 0 Kathryn Crist Chair 3.00 X X 0 0 0 Sarah L Schwartz Vice Chair 2.00 X X 0 0 0 Marc Volpe Treasurer 2.00 X X 0 0 0 Dianne Cerce Secretary 1.00 X X 0 0 0 Marianne M Jones CEO 40.00 X 114400 0 11105 114400 0 11105 1 0 0 0 0 127891 380999 37817 508890 Apartment Service Fees 532000 38105 38105 Training Fees 531390 5000 5000 43105 7874 7874 22865 127891 85280 -62415 -62415 6268 258 6010 6010 503464 43105 0 -48531 125505 100404 6275 18826 178498 142798 8925 26775 4547 3638 227 682 10967 8774 548 1645 23244 18595 3487 1162 16000 16000 18469 10634 6971 864 15143 12096 3047 16269 9018 6401 850 5091 4072 764 255 40881 32703 6133 2045 2857 2857 6213 6213 Housing Services 44691 39850 3631 1210 508375 385439 65575 57361 284675 245985 94423 317702 189659 189811 13877 13877 0 0 277320 495331 2250 2250 1066338 1033068 23504 20314 23504 20314 X 868167 896087 174667 18000 0 98667 1042834 1012754 1066338 1033068 -4911 -25169 0 X X 0 1 X 1 0 X 414962 484170 374724 529848 508890 2312594 90242 91120 132991 161965 72238 548556 505204 575290 507715 691813 581128 2861150 171445 166523 169710 168040 40930 716648 0 171445 166523 169710 168040 40930 716648 2144502 6777 2995 8491 8250 7874 34387 6777 2995 8491 8250 7874 34387 511981 578285 516206 700063 589002 2895537 0.74060 0.68470 0.01190 0.01180 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 2421387 -25169 1857554 85538 1917923 503464 0 503464 2451467 1857554 85538 1943092 508375 0 508375 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, 2018, 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 85,280. Gaming Expenses 258. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 85,280. Gaming Expenses 258. 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 $1,874,764 for the year ended December 31, 2018 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 $1,691,317 for the year ended December 31, 2018. The value of these accommodations is based on 6,581 estimated equivalent hotel room nights in 2018 at a rate of $257 per night. The grand total value of donated goods-in-kind, accommodations, and services received by Hospitality Homes in 2018 was $1,912,470, which includes the amounts described in the preceding paragraphs. It has been determined that $54,916 of these donated in-kind items relate to the receipt and eventual expenditure of physical goods and property in the 2018 tax year. Therefore, the difference of $1,857,554 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 142526 125191 17335 17099 37817 14080 7100 8864 Wine Tasting 8230 2700 5530 320 150756 127891 22865 17099 37817 14080 7100 9184 85280 -62415 X Auction Items 33 37817 Fair Market Value 0 0 0 0 Part I, Column (b): In its 2018 tax year, Hospitality Homes hosted a Golf Tournament Fundraiser. The organization received multiple non-cash gifts-in-kind for this fundraiser, which the organization arranged to be put up for auction as fundraising participation incentives. For this golf tournament, Hospitality Homes received 30 contributions of tickets and passes to various concerts, shows and events, and 3 contributions of food and beverage products, all of which were given away as non-cash prizes as part of the golf fundraiser. The total approximate market value for these contributions was estimated to be $37,817. 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 XII, Line 2c: In its 2018 tax year, Hospitality Homes contracted with an independent public accounting firm to audit its 2018 financial statements and to prepare its 2018 Form 990, as well as all applicable schedules and additional filings. The organization had not previously engaged with this particular accounting firm. Hospitality Homes' Board of Directors, specifically its President, CEO and Treasurer, along with the Finance Committee assumes responsibility for the oversight of the audit and the eventually issued financial statements. Other than the change in contracted accountants, the audit process has not changed from the prior year.