2017-11-02T15:30:24-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2016-01-01 042103905 THE BOSTON HOME INC BOST 6178253905 2049 DORCHESTER AVENUE BOSTON MA 02124 MARVA SEROTKIN PRESIDENT & CEO 6178253905 2017-10-18 1 JUDY DALEY P01294075 6179848100 2017-10-02 67.137.57.251 2017-10-18 11:10:20 ED P 29F87A9D39E1AF1CE74A79087F12977789B3302A 59D64C9552D6079BF474F8B7BAF6DF689AA58653 2016 2021-01-29 14:40:06Z MARVA SEROTKIN 2049 DORCHESTER AVENUE BOSTON MA 02124 20366965 0 X WWW.THEBOSTONHOME.ORG X 1884 MA THE BOSTON HOME, INC. SEEKS TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES, INCLUDING MULTIPLE SCLEROSIS, THROUGH EXCEPTIONAL CLINICAL CARE, COMPASSION AND INNOVATIVE PROGRAMS. 18 18 257 55 27761 0 541588 557979 10645929 10807014 2683795 2926362 -9336 15483 13861976 14306838 0 0 0 0 9732067 10099251 0 0 154606 3584468 3915620 13316535 14014871 545441 291967 67428082 67724297 15740827 15150738 51687255 52573559 X THE BOSTON HOME, INC. SEEKS TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES, INCLUDING MULTIPLE SCLEROSIS, THROUGH EXCEPTIONAL CLINICAL CARE, COMPASSION AND INNOVATIVE PROGRAMS. 0 0 11948995 10822497 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. 11948995 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 257 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 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 KAREN QUIGLEY CHAIR 1.00 X X 0 0 0 PATRICIA A ROSS CLERK 1.00 X X 0 0 0 VIRGINIA SOYBEL TREASURER 1.00 X X 0 0 0 ROBIN ATLAS MD TRUSTEE 1.00 X 0 0 0 CINDY BAGLEY TRUSTEE 1.00 X 0 0 0 RANDOLPH G HAWTHORNE TRUSTEE 1.00 X 0 0 0 ELIZABETH COLBURN-MORAITES TRUSTEE 1.00 X 0 0 0 MAUREEN FEENEY TRUSTEE 1.00 X 0 0 0 DEBRA FRANKEL TRUSTEE 1.00 X 0 0 0 SALLY MICHAEL TRUSTEE 1.00 X 0 0 0 DR LEIGH HOCHBERG TRUSTEE 1.00 X 0 0 0 KURT A ROCKSTROH TRUSTEE 1.00 X 0 0 0 RONALD ROSENBERG TRUSTEE 1.00 X 0 0 0 LAURA SALTONSTALL TRUSTEE 1.00 X 0 0 0 JAMES SEIDE TRUSTEE 1.00 X 0 0 0 KENNETH SMITH TRUSTEE 1.00 X 0 0 0 JOSEFINA MARTINEZ STAMATOS TRUSTEE 1.00 X 0 0 0 JOHN WOODARD TRUSTEE 1.00 X 0 0 0 MARVA SEROTKIN PRESIDENT & CEO 40.00 X 247418 0 8595 FRANCIS R MURPHY III CFO 40.00 X 173122 0 7594 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVI 40.00 X 143333 0 7019 MARK WILLIAMSON DIRECTOR OF HUMAN RESOURCE 40.00 X 117963 0 2144 HELEN HALL NURSE PRACTICE LEADER 40.00 X 118467 0 6761 800303 0 32113 5 0 1 0 DIMELLA SHAFFER 281 SUMMER STREET BOSTON MA 02210 ARCHITECT 329089 1 216757 341222 557979 NET PATIENT SERVICE REVENUE 623000 10807014 10807014 10807014 290775 27761 263014 8695714 6060127 2635587 2635587 2635587 MISCELLANEOUS INCOME 900099 15483 15483 15483 14306838 10822497 27761 2898601 436728 436728 8273327 7837201 348271 87855 89321 77141 12180 702314 633247 67748 1319 597561 538364 48893 10304 1668 1668 49606 49606 124862 124862 280307 279981 326 55356 630 54726 69646 13958 55612 76 148320 148320 426015 401165 24850 4012 4012 589545 589545 891528 891528 76114 76114 FOOD 299251 299251 SUPPLIES 260193 260193 ANCILLARY EXPENSES 213736 213736 GRANT EXPENSE 192008 192008 233453 1658 231795 14014871 11948995 1911270 154606 1598899 2932661 120254 53737 808811 876120 230439 261382 24804362 13578585 11423111 11225777 16554623 15751069 35735458 35311316 956487 1312235 67428082 67724297 1654698 2218129 119460 53417 12082419 11333571 1884250 1545621 15740827 15150738 X 44274596 46141707 6277484 5282401 1135175 1149451 51687255 52573559 67428082 67724297 X 291967 255708 338629 X 0 1 X 1 0 X 411477 368716 427768 541588 557979 2307528 9712544 9821327 10353708 10645929 10807014 51340522 16411 7500 23911 10140432 10197543 10781476 11187517 11364993 53671961 18550 16045 19616 24280 34630 113121 0 18550 16045 19616 24280 34630 113121 53558840 663945 507442 481291 605359 263014 2521051 663945 507442 481291 605359 263014 2521051 6734 27761 34495 27324 15393 18298 6888 14483 82386 10831701 10720378 11281065 11806498 11670251 56309893 0.95110 0.94100 0.04480 0.05470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 27513 0 0 27513 0 PART II-B, LINE 1: THE ORGANIZATION UTILIZES LOBBYIST ROBERT WHITE ASSOCIATES TO HELP WITH STATE SPECIAL RATE LEGISLATION AND CONSULTANT MARY GEARY-SALGADO TO HELP RUN THE TBH INSTITUTE. IN 2016, THE AMOUNT PAID TO ROBERT WHITE ASSOCIATES DESIGNATED AS LOBBYING WAS $24,000. THE AMOUNT PAID TO MARY GEARY-SALGADO DESIGNATED AS LOBBYING WAS $2,302. 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, $44, AND $673, RESPECTIVELY. 0 1 X 53464022 -4779 3027094 2900000 53586337 57116833 8108 -1560919 2100000 53464022 55751156 1255715 2109962 2000000 57116833 52073214 6077942 2400000 55751156 49122707 463886 4936621 2450000 52073214 0.88170 0.02150 0.09680 1 0 50200 50200 22232764 11920506 10312258 2308633 1475516 833117 212765 182563 30202 11225777 MUTUAL FUNDS 16662308 F ALTERNATIVE INVESTMENTS 18649008 F 35311316 LIABILITY UNDER SWAP AGREEMENT 1545621 1545621 X 14300962 0 14300962 5876 5876 14306838 13884133 -5876 -5876 13890009 124862 124862 14014871 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 4B - OTHER ADJUSTMENTS: RECLASS OF NEGATIVE BAD DEBT EXPENSE 5,876. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF NEGATIVE BAD DEBT EXPENSE -5,876. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 124,862. X X 0 0 0 0 0 0 0 0 0 MARVA SEROTKIN PRESIDENT & CEO 210146 0 5000 0 32272 0 4203 0 4392 0 256013 0 0 0 FRANCIS R MURPHY III CFO 159878 0 5000 0 8244 0 3195 0 4399 0 180716 0 0 0 CYNTHIA WALSH DIRECTOR OF CLINICAL SERVI 131507 0 5000 0 6826 0 2627 0 4392 0 150352 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 B, LINE 11B THE COMPLETE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS AT A BOARD MEETING PRIOR TO FILING. 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 338,629.