2018-08-16T10:52:43-07:00 2017-09-30 990 2016-10-01 237425849 East Boston Neighborhood Health Center Corporation and Affiliates EAST 6175684570 10 Gove Street East Boston MA 02128 James Hazard CFO 2018-08-16 2016 2022-09-23 18:48:47Z 140825986 false false X www.ebnhc.org X 1974 MA The Health Center's mission is to provide easily accessible, affordable, appropriate, high-quality, personalized, coordinated primary care, for all who lives and works in East Boston and the surrounding communities, without regard to age, income, insurance status, language, culture, or social circumstances 11 11 1215 189 0 17936679 16739528 115607075 116998488 369873 160947 6278751 6821885 140192378 140720848 0 0 81508428 85514875 0 84484 55206222 57877669 136714650 143392544 3477728 -2671696 86081045 82661500 58325345 54821571 27755700 27839929 The Health Center's mission is to provide easily accessible, affordable, appropriate, high-quality, personalized, coordinated primary care, for all who lives and works in East Boston and the surrounding communities, without regard to age, income, insurance status, language, culture, or social circumstances false false 63331363 59813163 In Fiscal Year 2017 the East Boston Neighborhood Health Center Corp.continued it's mission to provide easily accessible, personalized, high quality,affordable care that is sensitive to the needs of each individual who lives or works in the East Boston Community regardless of the ability to pay.The Center had 323,281 patient visits during the year ending September 30,2017. 37753673 41585650 The Neighborhood PACE Program and the Long Term Care Pharmacy,continued to provide all inclusive care for the elderly during the year, the organization provided direct care for 6,034 member months for its PACE particpantsthe period ending September 30,2017. The Long Term Care Pharmacy provided 131,064 prescriptions to members of he PACE Program in FY2017 as well. 10231629 15599675 The Retail Pharmacy provides onsite prescription medication exclusive to health center patients only.Health Center patients are able to purchase prescriptions at select CVS, Walgreens,and Rite Aid loactions in the area.During the period ending September 30, 2017, the organization filled 594,950 prescriptions for its patients. 111316665 true true false true false false false false false false true false false true true false false true false false false false false false true false false false false true true false false false false false false false false false false false false false false false true true false false false true 123 0 true 1215 true false false false false false false false false 0 false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false X X James Hazard 6175684570 10 Gove Street East Boston MA 02128 Rita Sorrento BOD President 2.00 0.00 X 0 0 0 Sandra Caggiano Treasurer 2.00 0.00 X 0 0 0 Jean Staropoli Director 2.00 0.00 X 0 0 0 Lawrence F Keegan Jr Director 2.00 0.00 X 0 0 0 Allison Eng Director 2.00 0.00 X 0 0 0 Rosa Dominguez Director 2.00 0.00 X 0 0 0 Jennifer C Blanco Clerk 2.00 0.00 X 0 0 0 Louis Scapicchio Director 2.00 0.00 X 0 0 0 Nancy M Christoff Director 2.00 0.00 X 0 0 0 Doris Virginia Rubio Vice President 2.00 0.00 X 0 0 0 Frank M Ramirez Director 2.00 0.00 X 0 0 0 James Hazard CFO 40.00 0.00 X 255722 0 26127 Manuel Lopes President & CEO 40.00 0.00 X 538426 0 25697 Dr Jackie Fantes CMO 40.00 0.00 X 279053 0 26785 Dr Irving S Danesh Physician 40.00 0.00 X 321663 0 27002 Dr Jeffrey Shapiro Physician 40.00 0.00 X 288485 0 26576 Dr James Pedulla Physician 40.00 0.00 X 246168 0 26380 Dr Catherine Silva Physician 40.00 0.00 X 246139 0 9218 Laura Wagner VP PACE Program 40.00 0.00 X 221453 0 13839 2397109 181624 157 false true false Eaton Apothecary Offices PO Box 6880 Holliston MA 01746 Pharmacy Services 1989507 BU Family Medicine One BMC Place Boston MA 02118 Medical Services 1481609 McGarr Services Corp PO Box 670139 Chesnut Hill MA 02467 Cleaning Services 998079 Epic Systems 1779 Milky Way Milwuakee WI 53288 IT Services 945509 Quest Diagnostics MA LLC 5763 Collection Center Drive Chicago IL 606930057 Laboratory Services 819414 19 15401528 1338000 16739528 Health Center NPSR 621400 59813163 59813163 PACE Revenue 621610 41585650 41585650 Pharmacy Revenue 446110 15599675 15599675 116998488 266085 266085 0 0 0 105138 -105138 -105138 -105138 310579 310579 310579 0 0 Other Program Support 621400 7159091 7159091 Rental Income 623000 235737 235737 TMS Corp 621400 -883522 -883522 6511306 140720848 123509794 471526 0 0 0 0 1151810 1151810 0 67560633 55060289 12500344 1295644 1043711 251933 10936052 8642981 2293071 4570736 3351233 1219503 0 247462 2358 245104 119717 119717 66500 66500 0 0 0 282464 39147 243317 556093 374342 181751 0 0 6057046 3613041 2443839 166 196260 40183 156077 0 0 505255 -425597 930852 0 4344529 527156 3817373 633407 276076 357331 Purchased Services 13889277 12105406 1760628 23243 Medical Expenses 12734585 12682304 52281 Institutional Expenses 11245040 11245040 Other Admin Expenses 5213508 1473104 3696938 43466 1786526 1265891 503026 17609 143392544 111316665 31991395 84484 11412947 7752949 0 566505 609837 11882900 10333846 0 0 0 1096831 1010067 2682786 2153472 77283357 35872966 40344273 41410391 0 0 0 0 18094803 19390938 86081045 82661500 19793166 17932698 1740781 2868066 13501459 12091914 23289939 21928893 58325345 54821571 X 27370445 24697502 385255 3142427 27755700 27839929 86081045 82661500 X -2671696 2755925 X true X true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 66500 false false 66500 false false 5715548 5715548 18780732 3172438 15608294 24526912 14738585 9788327 20938298 15351302 5586996 7321867 2610641 4711226 41410391 CSR Life Insurance 1551394 Due From Related Party -2672 Due From Related Party 96085 East Boston Temp Restricted ESP Cash Reserve 111890 Investment in TMS -1405165 N/R Invest. Fund 15990392 N/R LSLP 103238 N/R LSLP 2495776 N/R Lyman School 450000 res 19390938 Deferred Revenue 20004940 Due to Related Party (TMS) 104524 General Reserve 726991 Interest Rate Swap 277177 Post Retirement Benefit 815261 21928893 X X X true MA Art of Health Care 310579 310579 310579 310579 310579 X X X X X X false false false false false false false false false false Dr Catherine Silva Physician 246139 6890 2328 255357 Dr Irving S Danesh Physician 321663 6890 20112 348665 Dr Jackie Fantes CMO 279053 6890 19895 305838 Dr James Pedulla Physician 246168 6890 19490 272548 Dr Jeffrey Shapiro Physician 288485 6890 19686 315061 James Hazard CFO 255722 6656 19471 281849 Laura Wagner VP PACE Program 221453 4370 9469 235292 Manuel Lopes President & CEO 448426 90000 5565 20132 564123 A Massachusetts Development Finance Agency 043431814 2006-02-01 7564000 Attached Note false false B Massachusetts Development 043431814 2012-09-12 10400000 Attached Note false false A 7564000 7399239 7564000 true false true true B 10400000 10400000 false true true true A false false false false B false false false false A true true false false false B true false false false false Client Note 1 Client Note 1 - In October of 2013,The Center entered into a ten (10)year forgivable loan agreement with Boston Medical Center ("BMC") for $100,000 to support capital improvements to the Center's facilities. The loan bears interest equal to prime rate plus two percent (2%).The principal and interest balance shall be forgiven yearly over the life of the loan. The balance outstanding as of September 30, 2017 is $500,000.In September 2012, the Center entered into an agreement with the Massachusetts Development Finance Agency ("MDFA") to issue $10,400,000 of MDFA Series 2012 Revenue Bonds ("Series 2012 Bonds"), East Boston Neighborhood Health Center Issue, Series 2012 that will mature on September 1,2037.The bonds were issued to in order to finance the construction of a new health center building.Under the terms of a loan and trust agreement (the "Agreement") between the Center, MDFA and TD Banknorth, as trustee, the Center is required to make monthly payments to the trustee in amounts sufficient to pay the scheduled principal and interest requirements of the Series 2012 Bonds through maturity on September 1, 2037. The annual interest rate on the outstanding Series 2012 Bonds is 2.4%. Collateral for the Series 2012 Bonds consists of the Center's accounts receivable. The Agreement also contains various financial and reporting covenants.The Bond payable balance as of September 30, 2017 is $8,785,734.The Center loaned the proceeds of its new bonds to East Boston Neighborhood Health Center Fund, LLC.("Investment Fund").The Investment Fund then invested in the Qualified Low Income Community Investments CDE #1-#5, LLC("CDE".The CDE used the investment to provide the financing to TMS in five separate loans, totaling $22,376,000 for the construction of the new health center.In February of 2006, the Center entered into an agreement with the Massachusetts Development Finance Agency ("MDFA") to issue $7.564,000 of MDFA Series 1996 Revenue Bonds ("Series 2006 Bonds"), East Boston Neighborhood Health Center Issue, Series 2006 that will mature on July 1, 2026.The bonds were issued to advance refund the Center's outstanding MIFA Series 1996 Revenue Bonds. Under the terms of a loan and trust agreement (the "Agreement") between the Center, MDFA and TD Banknorth, as trustee, the Center is required to make monthly payments to the trustee in amounts sufficient to pay the scheduled principal and interest requirements of the Series 2006 Bonds through maturity on July 1, 2026. The annual interest rate on the outstanding Series 2006 Bond is the LIBOR rate times sixty nine percent (69%)plus one and two hundred seventy-eight thousand percent(1.278%). The interest rate was one and forty-five hundreds percent (1.45%) at September 30, 2015 and 2014. Collateral for the Series 2006 Bonds consists of the Center's accounts receivable. The Agreement also contains various financial and reporting covenants.Concurrent with the Center's loan and trust agreement, the Center entered into a fifteen (15) year interest rate swap agreement (the "Swap") with TD Bank effectively modifying the interest rate under the variable rate instrument to a fixed rate in order to avoid the risk of rising interest rates and to make their borrowing costs more predictable.The interest rate swap,is designed as a cash flow hedge and the activity is reported in other changes changes in net assets.The notional amount is $6,448,600 with a maturity date of February 1, 2021. The fixed rate is $4.825% and the floating rate is 1.437%.Interest expense is recorded at the fixed rate. The swap is outstanding through February 1, 2021, while the debt is outstanding until 2026.The interest rate swap was recorded at fair value as a liability of $277,177 and $459,824 as of September 30,2017 and 2016 respectively.The Bond payable balance as of September 30, 2017 is $4,216,600. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the Form 990 is made available to it's governing body for review prior to submission to the Internal Revenue Service through a web site portal. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization requires that employees, members and officers of the board of directors and any member of any committee disclose in writing (and update annually) all business and other relationships which might potentially create a conflict of interest as defined by the policy. The written disclosure shall include an itemization of any substantive conflict of interest for such individual by virtue of his or her activities. The conflict of interest policy is reviewed and communicated to ensure individuals with outside relationships do not inappropriately participate in business decisions of the Organization in which they are not independent Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All compensation for the President and CEO are governed and overseen by the Board of Directors.The Board established a Compensation Committee,made up of disinterested trustees,who are given the authority to establish compensation for the President and CEO.The Compensation Committee performs annual reviews and approves executive compensation for the President and CEO.In order to assist the Committee in it's responsibilities, the Compensation Committee hires independent, outside compensation consultants to advise the committee on the reasonableness of the overall executive compensation. The Committee works with these consultants to ensure that all compensation is reasonable, meets all regulatory requirements, and is competitive within the relevant market.Compensation for senior staff is overseen by the President and CEO, and is based upon benchmarks from an independent, outside compensation consultant. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization prepares the Form 990 and the related disclosures with assistance and guidance from it's individual tax advisors (CPA firm).The Form 990 is reviewed by the organizations' management team prior to submission to the board of directors and the IRS.The Form 990 is also available on the Massachusetts office of the Attorney General's website. Other Changes In Net Assets Or Fund Balances - Other Increases 4 = $2840409 Other Changes In Net Assets Or Fund Balances - Other Decreases 4 = -$84484 Twenty Maverick Square Corporation 10 Gove Street East Boston MA 02128 272299376 Support for East Boston Health Center MA 501 (c) (3) 10 East Boston Neighborhood Health Center true Lyman School Housing Committee 30 Gove Street East Boston MA 02128 042733990 Housing for the Elderly MA 501 (c) (3) 10 East Boston Neighborhood Health Center true Ten Garofalo Street Corporation 10 Gove Street East Boston MA 02128 821162875 Support for East Boston Health Center MA 501 (c) (3) 10 East Boston Neighborhood Health Center true false false false false false false false false false false false false false false false false false false false