2018-11-01T10:12:11-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2017-01-01 042103905 THE BOSTON HOME INC BOST 6178253905 2049 DORCHESTER AVENUE BOSTON MA 02124 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 6178253905 2018-10-04 1 IVY BECKHAM P01316131 6179848100 67.137.57.251 2018-10-04 14:29:10 ED P 28698AAE8AAF239F46C0E0B7A1BBA5F21C2E160A FBF91E9F6601ABEAE195131D925EE83266DF73FD 2017 2018-06-14 16:35:46Z FRANCIS R MURPHY III 2049 DORCHESTER AVENUE BOSTON MA 02124 28419763 0 X WWW.THEBOSTONHOME.ORG X 1884 MA MAKE A COMPELLING DIFFERENCE IN THE LIVES OF ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES. 20 20 258 50 -33448 -55635 557979 471215 10807014 11319822 2926362 5099013 15483 49005 14306838 16939055 0 0 0 0 10099251 10192993 0 65718 172903 3915620 4418675 14014871 14677386 291967 2261669 67724297 79310453 15150738 20860046 52573559 58450407 X THE PURPOSE FOR WHICH THE CORPORATION IS CONSTITUTED IS TO ESTABLISH AND MAINTAIN A HOME FOR THE CARE AND TREATMENT OF PERSONS AFFECTED WITH AN INCURABLE DISEASE OR DISORDER AND TO FOSTER LOW-INCOME HOUSING WITH A PREFERENCE FOR INDIVIDUALS WITH AN INCURABLE DISEASE OR DISORDER. 0 0 11951486 11319822 FOUNDED IN 1881, THE BOSTON HOME IS A NOT-FOR-PROFIT, SPECIALIZED RESIDENCE AND CENTER FOR CARE FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES INCLUDING MULTIPLE SCLEROSIS. WE HAVE BEEN DESIGNATED A "CENTER FOR EXCELLENCE IN LONG TERM CARE" BY THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND ARE THE ONLY FACILITY OF OUR KIND IN NEW ENGLAND AND ONE OF ONLY A FEW IN THE UNITED STATES. THE BOSTON HOME INSTITUTE ADVANCES STANDARDS FOR CARE THROUGH RESEARCH, EDUCATION AND ADVOCACY.THE BOSTON HOME'S OUTPATIENT WHEELCHAIR SEATING CLINIC BRINGS TOGETHER PHYSICAL THERAPISTS, VENDORS AND ADAPTIVE TECHNOLOGY SPECIALISTS WHO WORK WITH COMPLEX REHABILITATION CLIENTS TO PRESCRIBE, ORDER AND CUSTOMIZE WHEELCHAIRS. B.FIT!, OUR SOCIAL DAY PROGRAM, PROVIDES PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN MAXIMUM LEVELS OF PERSONAL INDEPENDENCE. THE BOSTON HOME'S WHEELCHAIR ENHANCEMENT CENTER (WEC) PROVIDES THE GREATER BOSTON DISABLED COMMUNITY WITH A RESOURCE FOR CUSTOMIZED WHEELCHAIR SOLUTIONS, EMERGENCY WHEELCHAIR REPAIRS AND SERVICE REFERRALS FOR THE MYRIAD OF MOBILITY EQUIPMENT AND TECHNOLOGICAL ADAPTATIONS NOW BEING USED. THE NATIONAL MAGAZINE PUBLISHER MCKNIGHT'S LONG-TERM CARE NEWS & ASSISTED LIVING AWARDED THE BOSTON HOME ITS GOLD AWARD IN THE INNOVATOR OF THE YEAR CATEGORY IN THE MCKNIGHT'S TECHNOLOGY AWARDS - CONNECT OUR WORLD FOR ITS WHEELCHAIR ENHANCEMENT CENTER. 11951486 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 23 0 258 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 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 PATRICIA A ROSS CLERK 1.00 X X 0 0 0 ARLENE FORTUNATO TRUSTEE 1.00 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 ROBIN ATLAS MD 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 MARVA SEROTKIN PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 X 270064 0 6664 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 40.00 X 177005 0 7961 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVICES 40.00 X 146412 0 8379 MARK WILLIAMSON DIRECTOR OF HUMAN RESOURCES 40.00 X 120476 0 2192 HELEN HALL ASSSISTANT DIRECTOR OF NURSING 40.00 X 121109 0 7112 835066 0 32308 5 0 1 0 DIMELLA SHAFFER 281 SUMMER STREET BOSTON MA 02210 ARCHITECTS 184417 1 89121 382094 471215 NET PATIENT SERVICE REVENUE 623000 11319822 11319822 11319822 378498 -33448 411946 14942548 1240078 11446959 15152 3495589 1224926 4720515 4720515 35563 18597 16966 16966 ENERGY REBATES 900099 16870 16870 MUNICIPAL DERIVATIVES SETTLEMENT 900099 6570 6570 STATE REFUND 900099 3525 3525 5074 5074 32039 16939055 11319822 -33448 5181466 461694 461694 8314169 7887366 331627 95176 85702 80741 4961 723183 659023 62836 1324 608245 545789 50163 12293 828 828 49165 49165 26655 26655 65718 65718 120514 120514 303570 162194 141376 5165 37 5128 57018 1202 55380 436 185541 185541 412240 386147 26093 1014 1014 561790 561790 948246 948246 77617 77617 USER FEE EXPENSE 725625 725625 PROGRAM FOOD 301263 301263 PROGRAM SUPPLIES 254286 254286 BAD DEBT EXPENSE 191996 191996 196142 163439 39875 -7172 14677386 11951486 2552997 172903 458993 293523 2527405 3403069 130030 876120 2401528 261382 172597 27022695 14510647 11225777 12512048 15751069 18075670 35311316 34987274 1312235 7334714 67724297 79310453 2218129 3620098 53417 49381 11333571 10799755 2362829 1545621 4027983 15150738 20860046 X 46141707 54094216 5282401 3131540 1149451 1224651 52573559 58450407 67724297 79310453 X 2261669 3292498 322681 X 0 1 X 1 0 X 368716 427768 541588 557979 471215 2367266 9821327 10353708 10645929 10807014 11319822 52947800 7500 7500 10197543 10781476 11187517 11364993 11791037 55322566 16045 19616 24280 34630 30500 125071 0 16045 19616 24280 34630 30500 125071 55197495 507442 481291 605359 263014 411946 2269052 507442 481291 605359 263014 411946 2269052 6734 22 6756 15393 18298 6888 14483 32039 87101 10720378 11281065 11806498 11642512 12235022 57685475 0.95690 0.95110 0.03930 0.04480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DAY PROGRAM INCOME - 2013 AMOUNT: $ 10,237. ENERGY REBATES - 2017 AMOUNT: $ 16,870. MUNICIPAL DERIVATIVES SETTLEMENT - 2017 AMOUNT: $ 6,570. STATE REFUND - 2017 AMOUNT: $ 3,525. OTHER INCOME - 2013 AMOUNT: $ 5,156. 2014 AMOUNT: $ 18,298. 2015 AMOUNT: $ 6,888. 2016 AMOUNT: $ 14,483. 2017 AMOUNT: $ 5,074. 0 0 0 0 0 0 1 27513 0 0 27513 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 2017, THE AMOUNT PAID TO ROBERT WHITE ASSOCIATES DESIGNATED AS LOBBYING WAS $24,000. THE AMOUNT PAID TO MARY GEARY-SALGADO DESIGNATED AS LOBBYING WAS $2,655. 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, $41, AND $661, RESPECTIVELY. 0 1 X 53586337 7035016 4200000 56421353 53464022 -4779 3024094 2900000 53583337 57116833 8108 -1560919 2100000 53464022 55751156 1255715 2109962 2000000 57116833 52073214 6077942 2400000 55751156 0.92700 0.02170 0.05130 1 0 1285045 1285045 22952217 12657593 10294624 2571125 1665289 905836 214308 187765 26543 12512048 MUTUAL FUNDS 16751079 F ALTERNATIVE INVESTMENTS 18236195 F 34987274 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 604865 DUE FROM RELATED PARTY 2811976 CONSTRUCTION IN PROGRESS 3587940 FINANCING FEES 138683 DEVELOPMENT COSTS 191250 7334714 LIABILITY UNDER SWAP AGREEMENT 1222940 DUE TO RELATED ENTITY 2805043 4027983 X 21004399 3292498 552082 322681 4167261 16837138 120514 -18597 101917 16939055 15127551 552082 18597 570679 14556872 120514 120514 14677386 PART IV, LINE 2B: 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 322,681. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -18,597. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 18,597. X X X X 1 DEVELOPMENT COMMUNICATION ASSOCIATES INC 9 VERNON STREET FRAMINGHAM MA 01701 CAPITAL CAMPAIGN PLANNING 0 150 65718 -65568 150 65718 -65568 MA M. SEROTKIN RETIREMENT 35563 35563 0 12281 0 6316 35563 35563 12281 6316 18597 16966 X X 0 0 0 0 0 0 0 0 0 MARVA SEROTKIN PRESIDENT & CHIEF EXECUTIVE OFFICER 214838 0 20000 0 35226 0 4184 0 2480 0 276728 0 0 0 FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 177005 0 0 0 0 0 3268 0 4693 0 184966 0 0 0 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVICES 146412 0 0 0 0 0 3686 0 4693 0 154791 0 0 0 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 A, LINE 4 THE ORGANIZATION UPDATED THE ORGANIZATION'S EXEMPT PURPOSE. SEE BELOW "THE PURPOSE FOR WHICH THE CORPORATION IS CONSTITUTED IS TO ESTABLISH AND MAINTAIN A HOME FOR THE CARE AND TREATMENT OF PERSONS AFFECTED WITH AN INCURABLE DISEASE OR DISORDER AND TO FOSTER LOW-INCOME HOUSING WITH A PREFERENCE FOR INDIVIDUALS WITH AN INCURABLE DISEASE OR DISORDER." 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 322,681. HARMON APARTMENTS LLC 2045 DORCHESTER AVENUE DORCHESTER MA 02124 815429508 REAL ESTATE MA 0 6647000 HARMON APARTMENTS MANAGER LLC 2045 DORCHESTER AVENUE DORCHESTER MA 02124 820744073 REAL ESTATE MA 0 6647000