2018-12-06T16:39:59-05:00 2018-06-30 472399509 WORTHINGTON HUGHES & HOAR PC 400 W CUMMINGS PARK STE 3000 WOBURN MA 018016592 990 2017-07-01 043019658 CENTERBOARD INC CENT 7815989417 16 CITY HALL SQUARE LYNN MA 01901 MARK DEJOIE CEO 7815989417 2018-11-30 true STEPHEN J HOAR P00189845 7813053534 2018-11-20 96.95.164.137 2018-12-06 15:39:59 CS P 1292CEF98CCEA5BC8A4BB0F2B61B687C67AECF05 8FDE05D6707C3141E29F27043F20D778A9B13256 2017 2019-02-21 02:37:17Z MARK DEJOIE C/O CENTERBOARD16 CITY HALL SQUARE LYNN MA 01901 14606552 false X WWW.THECENTERBOARD.ORG X 1988 MA CENTERBOARD IS A COMMUNITY-BASED ORGANIZATION THAT SUPPORTS FAMILIES AND YOUNG PEOPLE THROUGH HOUSING, ACCESS TO EMPLOYMENT, EDUCATION AND FINANCIAL EMPOWERMENT. (CONTINUED ON PAGE 2) 12 11 219 250 0 169690 408534 14026307 14124183 3559 1753 12406 27314 14211962 14561784 0 0 6377473 6589882 0 202659 6767970 7863556 13145443 14453438 1066519 108346 6400422 10087732 3094233 6661915 3306189 3425817 X (CONTINUED FROM PAGE 1) WE WORK WITH LOCAL RESIDENTS, BUSINESSES, AND ELECTED OFFICIALS TO INCREASE ECONOMIC OPPORTUNITY IN THE COMMUNITY. THROUGH THESE EFFORTS, WE SERVE OVER 1,500 PEOPLE EACH YEAR. false false 8053549 9421207 SCATTERED SITE FAMILY EMERGENCY SHELTER THIS PROGRAM OFFERS APPROXIMATELY 250 FAMILIES EMERGENCY SHELTER IN TWO TO THREE BEDROOM APARTMENT UNITS, LOCATED THROUGHOUT THE NORTH SHORE. FAMILIES, WHO ENTER THE PROGRAM, ARE REFERRED TO THE PROGRAM BY THE MASSACHUSETTS DEPARTMENT OF TRANSITIONAL ASSISTANCE. EACH FAMILY IS ASSIGNED TO AN INDIVIDUAL FAMILY ADVOCATE WHO SUPPORTS THEM THROUGHOUT THEIR STAY. FAMILY ADVOCATES OFFER OUR FAMILIES RESOURCES, INFORMATION AND SUPPORT TO MAKE THE CHANGES NECESSARY TO ADVANCE THEIR LIVES FROM HOMELESSNESS TO INDEPENDENCE. 1753324 1749512 TEEN LIVING PROGRAM THE TEEN LIVING PROGRAM (TLP) IS A RESIDENTIAL PROGRAM DESIGNED TO PROVIDE A PERMANENT AND STABLE HOME ENVIRONMENT FOR APPROXIMATELY 35 PREGNANT OR PARENTING YOUNG MOTHERS AND THEIR CHILDREN. IN AN EMERGENCY SITUATION THE PROGRAM MAY TEMPORARILY ACCOMMODATE THREE ADDITIONAL TEEN MOTHERS AND THEIR CHILDREN UNTIL PERMANENT HOMES ARE FOUND. TEEN PARENTS MUST BE REFERRED TO CENTERBOARD BY THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES. EVERY TEEN MOTHER MUST ATTEND SCHOOL REGULARLY AND PARTICIPATE IN SKILL DEVELOPMENT. THIS STRUCTURED CURRICULUM IS BALANCED WITH A NURTURING SUPPORT SYSTEM DESIGNED TO FOSTER PHYSICAL AND SOCIAL DEVELOPMENT FOR THE RESIDENTS AND THEIR CHILDREN. 1086170 943264 ADOLESCENT GROUP HOME THIS GROUP HOME PROGRAM PROVIDES RESIDENTIAL TREATMENT FOR 12 YOUTHS (AGES 13-18) WHO ARE UNDER THE CARE OF THE DEPARTMENT OF CHILDREN AND FAMILIES. THIS PROGRAM PROVIDES LONG TERM CARE FROM THREE MONTHS TO UP TO TWO YEARS. YOUTHS IN THIS PROGRAM HAVE AN ARRAY OF CONCERNS SUCH AS: DIFFICULTIES IN SCHOOL, ISSUES AT HOME, BEHAVIORAL ISSUES, AND MENTAL HEALTH ISSUES. YOUTHS HAVE THEIR MEDICAL AND MENTAL HEALTH NEEDS ADDRESSED WITHIN THE PROGRAM BY A TEAM OF PROFESSIONALS. FAMILY MEMBERS ARE ENCOURAGED TO PARTICIPATE IN THE PROGRAM WHENEVER POSSIBLE. 2004728 2010200 TOTAL TOTAL PROGRAM NAME: EXPENSES REVENUES PRE-INDEPENDENT LIVING PROGRAM 728,120 787,154 SCATTERED SITES STABILIZATION PROGRAM 566,732 433,721 PROGRAM FOR INDEPENDENT LIVING 305,583 381,035 FAMILY RESOURCE CENTER 224,059 271,736 SUPPORTED TEEN EMPLOYMENT PROGRAM 110,401 136,554 PUBLIC ARTS PROJECT 63,134 - MASS OFFICE OF VICTIMS ASSISTANCE TRAINING 6,699 - _________ _________ TOTAL 2,004,728 2,010,200 2004728 2010200 12897771 true true false false false false false false true false true false false false false true true false false false false false false false true false false false false true true false false false false false false false true true true false false false false false false false false false true 74 0 219 true false false false false false false false false false false false false false false false X 12 11 false false false false false false false true true false false true true true true true true true true false MA X KEITH BRANSFIELD 7815989417 16 CITY HALL SQUARE LYNN MA 01901 MARK DEJOIE CEO 40.00 X 170820 0 29605 HEATHER HILDEBRAND COO 40.00 X 140970 0 28733 KEITH BRANSFIELD CFO 40.00 X 146188 0 9061 THOMAS O'KEEFE PRESIDENT 2.00 X X 0 0 0 SHAWN FORD TREASURER 2.00 X X 0 0 0 SCOTT BROGRAN CLERK 2.00 X X 0 0 0 JOHN VOGEL DIRECTOR 2.00 X 0 0 0 TERI FAULISI DIRECTOR 2.00 X 0 0 0 KEMBERLY SOUSA DIRECTOR 2.00 X 0 0 0 SAMUEL TANG DIRECTOR 2.00 X 0 0 0 DOLLY MOSER DIRECTOR 2.00 X 0 0 0 ANGELICA BUENO DIRECTOR 2.00 X 0 0 0 TOYUWA NEWTON DIRECTOR 2.00 X 0 0 0 DONNA MARTIN DIRECTOR 2.00 X 0 0 0 MARTHA SOTIROPOULOS DIRECTOR 2.00 X 0 0 0 457978 67399 3 false true false GUARANTEED ENTERPRISES LLC 136 R WALNUT ST LYNN MA 01905 CONSTRUCTION 587782 WINXNET INC PO BOX 1700 PORTLAND ME 04104 IT SUPPORT 156154 1 9173 6618 392743 2380 408534 COMMONWEALTH OF MASSACHUSETTS 623990 14123373 14123373 CLIENT AND PROGRAM FEES 623990 810 810 14124183 826 826 6760 6760 6760 6760 4500 3573 927 927 927 61749 9173 41195 20554 14561784 14125110 7586 444994 444994 4911464 4480381 281795 149288 670776 560826 101442 8508 562648 471321 75854 15473 50607 33325 16607 675 4923 4923 38100 38100 141813 141813 45233 1316 25673 18244 237539 91242 139933 6364 105998 84049 21949 5807560 5770054 37506 68037 59113 8886 38 44212 37252 6660 300 285040 212576 72464 227046 206908 20138 103150 86851 14491 1808 CLIENT SUPPORT 397308 397308 PROG. SUPP'S & MATERIALS 306990 258513 46516 1961 14453438 12897771 1353008 202659 246306 811965 1141100 28491 1204676 1509441 143982 126410 7915444 599700 3564358 7315744 11282 100000 284399 6400422 10087732 670639 685698 20431 5604839 10723 11061 2392440 360317 3094233 6661915 X 3179102 3100017 127087 325800 3306189 3425817 6400422 10087732 108346 11282 X false true X true false X 184585 37374 23784 169690 408534 823967 6444727 9434869 12808436 14026307 14185932 56900271 6629312 9472243 12832220 14195997 14594466 57724238 57724238 5862 68460 13244 12809 7586 107961 5862 68460 13244 12809 7586 107961 6635174 9540703 12845464 14208806 14602052 57832199 0.99810 0.99780 0.00000 0.00000 X false true X 1592810 1592810 5782400 364932 5417468 540234 234768 305466 7315744 X 14614261 11282 41195 52477 14561784 14561784 14494633 41195 41195 14453438 14453438 SCHEDULE D, PAGE 2, PART IV, LINE 2B CENTERBOARD RECEIVES FUNDS FROM THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES ("DCF") WHICH ARE PAID DIRECTLY TO CLIENTS IN CENTERBOARD'S PROGRAMS TO PAY FOR LIVING EXPENSES. SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE THAN LIKELY OR NOT THRESHOLD. THIS APPLIES TO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ORGANIZATION REGULARLY ASSESSES THE POTENTIAL SETTLEMENT OUTCOMES RESULTING FROM INCOME TAX EXAMINATIONS. THE ORGANIZATION DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN ITS FINANCIAL STATEMENTS. AS OF THE DATE OF THIS REPORT, THE STATUTE OF LIMITATIONS FOR EXAMINATION BY THE FEDERAL AND MASSACHUSETTS TAXING AUTHORITIES IS OPEN FOR THE ORGANIZATION'S 2014 THROUGH 2017 TAX RETURNS (REPRESENTING THE FISCAL YEARS ENDED JUNE 30, 2015 THROUGH 2018). SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EVENT COSTS 41,195 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EVENT COSTS 41,195 GALA 55522 9173 46349 7320 6103 10000 10879 GOLF TOURNAMENT 15400 15400 400 1920 1248 3325 70922 9173 61749 7720 1920 7351 10000 14204 41195 20554 X X X X false false false false false false false false false MARK DEJOIE CEO 170820 4480 25125 200425 HEATHER HILDEBRAND COO 140970 3970 24763 169703 KEITH BRANSFIELD CFO 146188 3970 5091 155249 A MASS DEVELOPMENT FINANCE AGENCY 043431814 2017-08-31 5900000 REAL ESTATE ACQUISITION & REFINANCE OF EXISTING MORTGAGES false false false A 87824 5900000 116785 14115 2554548 2930838 283714 2018 false false true true A false true false false 0.00160 0.00160 false false true A false true false false true true CITIZENS BANK 30.000000000000 false false false false true A true MARK DEJOIE CEO 818000 SEE BELOW false DAVID HUGHES FORMER DIRECTOR 80300 SEE BELOW false HEATHER HILDEBRAND COO 17400 SEE BELOW false SHAWN FORD DIRECTOR SEE BELOW false OTHER VARIOUS SEE BELOW false SCHEDULE L, PART V INTERESTED PARTY: MARK DEJOIE, CEO CENTERBOARD HAS ENTERED INTO SEVERAL RENTAL CONTRACTS WITH AFFORDABLE HOUSING ASSOCIATES OF LYNN, INC. ("AHA"), A NON-PROFIT ORGANIZATION RELATED TO CENTERBOARD BY COMMON MANAGEMENT, FOR USE IN SEVERAL PROGRAMS. RENTS PAID BY CENTERBOARD TO AHA WERE APPROXIMATELY 218,000 AND 310,000 FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY. ALL RENTS ARE AT ESTABLISHED MARKET VALUES. CENTERBOARD BILLS AHA FOR REPAIRS AND MAINTENANCE COSTS INCURRED BY CENTERBOARD IN CONNECTION WITH PROPERTIES OWNED BY AHA AND USED BY CENTERBOARD IN ITS PROGRAMS. CENTERBOARD ACQUIRED REAL ESTATE IN OCTOBER 2017 FROM AHA, AT A TOTAL COST OF 600,000, WHICH WAS CONSISTENT WITH TWO INDEPENDENT BANK APPRAISALS THAT WERE PERFORMED ON THE PROPERTY PRIOR TO CLOSING, AS A CONDITION OF THE BOND FINANCING. THERE ARE NO AMOUNTS PAYABLE TO, OR RECEIVABLE FROM, AHA AS OF JUNE 30, 2018 AND 2017. CENTERBOARD AND AHA HAVE COMBINED EFFORTS IN A NUMBER OF PROGRAMS AND HAVE USED THEIR EXPERTISE TO APPLY FOR GRANTS UNDER JOINT VENTURE AGREEMENTS AND/OR MEMORANDUMS OF UNDERSTANDING. CENTERBOARD'S BOARD OF DIRECTORS HAS VOTED TO INVESTIGATE FURTHER COLLABORATIVE AND/OR OTHER TYPES OF ALIGNMENT, WHICH WOULD BENEFIT BOTH ORGANIZATIONS. IN AUGUST 2016, CENTERBOARD ENTERED INTO AN AGREEMENT TO RENT TWO APARTMENTS FROM A LIMITED LIABILITY COMPANY WHICH WAS MANAGED BY CENTERBOARD'S CHIEF EXECUTIVE OFFICER AND ANOTHER BOARD MEMBER, FOR USE IN ITS SCATTERED SITES PROGRAM. RENTAL PAYMENTS TO THIS COMPANY TOTALED 4,500 FOR THE YEAR ENDED JUNE 30, 2017. MANAGEMENT BELIEVES THESE RENTS TO BE AT ESTABLISHED FAIR MARKET VALUE AND IN THE NORMAL COURSE OF BUSINESS. THE APARTMENTS HAVE SINCE BEEN SOLD TO AN UNRELATED THIRD PARTY AND THE CHIEF EXECUTIVE OFFICER AND BOARD MEMBER NO LONGER HAVE ANY BENEFICIAL INTERESTS THERETO. INTERESTED PARTY: DAVID HUGHES, FORMER DIRECTOR (THROUGH FALL 2017) DURING 2012, CENTERBOARD BEGAN RENTING APARTMENTS FROM LIMITED LIABILITY COMPANIES THAT ARE PARTIALLY OWNED BY A BOARD MEMBER. MANAGEMENT BELIEVES THAT THE RENTS ARE BEING PAID AT FAIR MARKET VALUE, ARE CONSISTENT WITH AMOUNTS PAID FOR SIMILAR APARTMENTS, AND ARE IN THE NORMAL COURSE OF BUSINESS OF THE ORGANIZATION. RENTAL PAYMENTS TO THESE COMPANIES TOTALED 80,300 AND 78,000 FOR THE FISCAL YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY. DURING 2017, CENTERBOARD MADE PAYMENTS TOTALING 21,350 TO A REALTY COMPANY OWNED BY THE SAME BOARD MEMBER FOR DEPOSITS ON REAL ESTATE PURCHASES THAT CLOSED IN SEPTEMBER 2017. THE BOARD MEMBER RESIGNED DURING THE FALL OF 2017. INTERESTED PARTY: HEATHER HILDEBRAND, COO DURING 2016, CENTERBOARD BEGAN RENTING AN APARTMENT OWNED BY A FAMILY MEMBER OF CENTERBOARD'S CHIEF OPERATING OFFICER. RENTAL PAYMENTS FOR THE USE OF THIS PROPERTY TOTALED 17,400 FOR EACH OF THE YEARS ENDED JUNE 30, 2018 AND 2017. MANAGEMENT BELIEVES THESE RENTS TO BE AT ESTABLISHED FAIR MARKET VALUE AND IN THE NORMAL COURSE OF BUSINESS. INTERESTED PARTY: SHAWN FORD, DIRECTOR A MEMBER OF CENTERBOARD'S BOARD OF DIRECTORS IS ALSO VICE PRESIDENT OF A MAJOR LOCAL FINANCIAL INSTITUTION THAT CENTERBOARD USES FOR BANKING PURPOSES IN THE ORDINARY COURSE OF BUSINESS, INCLUDING THE MAINTENANCE AND SERVICING OF CHECKING AND SAVINGS ACCOUNTS, AND PRIOR TO THE BOND ISSUANCE, FOR LINES OF CREDIT AND MORTGAGE LENDING. INTERESTED PARTY: OTHER THE CHILDREN OF CERTAIN STAFF MEMBERS, INCLUDING EXECUTIVE MANAGEMENT, ARE TEMPORARILY EMPLOYED DURING THE SUMMER IN VARIOUS PROGRAMS, AND ARE PAID PRE-ESTABLISHED HOURLY RATES BASED ON A SALARY TIER SYSTEM. HOURS WORKED DURING THE FISCAL YEARS ENDED JUNE 30, 2018 AND 2017 WERE NOMINAL. THE COST IS CONSIDERED NECESSARY AND AT MARKET RATE. FORM 990, PAGE 2, PART III, LINE 4D TOTAL TOTAL PROGRAM NAME: EXPENSES REVENUES PRE-INDEPENDENT LIVING PROGRAM 728,120 787,154 SCATTERED SITES STABILIZATION PROGRAM 566,732 433,721 PROGRAM FOR INDEPENDENT LIVING 305,583 381,035 FAMILY RESOURCE CENTER 224,059 271,736 SUPPORTED TEEN EMPLOYMENT PROGRAM 110,401 136,554 PUBLIC ARTS PROJECT 63,134 - MASS OFFICE OF VICTIMS ASSISTANCE TRAINING 6,699 - _________ _________ TOTAL 2,004,728 2,010,200 FORM 990, PAGE 6, PART VI, LINE 11B THE CEO, COO, AND CFO REVIEW THE FORM 990CONTEMPORANEOUSLY WITH THE CPA/PAID-PREPARER (WORTHINGTON, HUGHES & HOAR, P.C.), PRIOR TO FILING THE FORM. THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FILED FORM 990 AT ITS NEXT REGULARLY SCHEDULED BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND OFFICERS ARE ENCOURAGED TO DISCLOSE ANY NEW OR POTENTIAL CONFLICT OF INTEREST AT EACH BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET REVIEW. EXECUTIVE STAFF PROVIDES RECOMMENDATIONS FOR COMPENSATION ADJUSTMENT BASED ON THE FOLLOWING: A) FUNDABILITY OF PROPOSED INCREASES WITHIN THE BUDGET, B) COMPENSATION ADJUSTMENTS AFFORDED DIRECT CARE STAFF THROUGH STATE CONTRACT ADJUSTMENTS, AND C) COMPARISON OF COMPENSATION FOR EXECUTIVE STAFF IN SIMILAR ORGANIZATIONS BASED ON THE SIZE AND SCOPE OF AGENCY OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 15B SAME AS PART VI, SECTION B, LINE 15A. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.