2016-03-25T08:08:05-05:00 2015-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2014-07-01 042921507 NORTH AMERICAN FAMILY INSTITUTE INC % HILDEGARDE PARIS NORT 9785380286 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 HILDEGARDE PARIS TREASURER 9788824878 2016-03-09 true TARA D'AGOSTINO P01245482 6179881000 2014 2016-08-17 19:52:53Z X DR YITZHAK BAKAL 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 24336192 false 9242 X WWW.NAFI.COM X 1986 MA TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPALS OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES. 11 9 408 9 16878 -3651 148509 331907 21449688 21246660 44093 2301870 -11103 -6719 21631187 23873718 0 424500 0 0 13588297 14234763 0 0 0 7792559 7888562 21380856 22547825 250331 1325893 8456253 8972961 4952539 4102756 3503714 4870205 X TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPALS OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES TO GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES. false false 6488751 6979375 JUVENILE JUSTICE SERVICES: THE NORTH AMERICAN FAMILY INSTITUTE OFFERS A CONTINUUM OF SERVICES FOR ADJUDICATED DELINQUENTS FROM EVIDENCE BASED PREVENTION, FAMILY SUPPORT, INDEPENDENT LIVING, SHELTERS, GROUP HOMES, RESIDENTIAL TREATMENT, AND STAFF-SECURE RESIDENTIAL PROGRAMS. EDUCATION IS A PRIORITY FOR YOUTH RECEIVING SERVICES. NAFI OPERATES SEVERAL SCHOOLS IN RESIDENTIAL PROGRAMS AND SUPPORTS STUDENT PARTICIPATION IN PUBLIC SCHOOLS. 9028368 10179779 BEHAVIORAL HEALTH SERVICES: THE NORTH AMERICAN FAMILY INSTITUTE OFFERS A CONTINUUM OF SERVICES FROM PREVENTION, OUTPATIENT SERVICES IN PRIMARY CARE PRACTICES, THERAPEUTIC FOSTER CARE, FOSTER CARE, AND RESIDENTIAL TREATMENT PROGRAMS FOR ADJUDICATED AND YOUTH REFERRED FROM CHILD WELFARE, MENTAL HEALTH, AND EDUCATIONAL AGENCIES. EDUCATION IS A PRIORITY FOR YOUTH RECEIVING SERVICES. NAFI OPERATES SEVERAL SCHOOLS IN RESIDENTIAL PROGRAMS AND SUPPORTS STUDENT PARTICIPATION IN PUBLIC SCHOOLS. NAFI ALSO OPERATES A RESIDENTIAL AND INDEPENDENT LIVING PROGRAM FOR CHRONICALLY MENTAL ILL ADULTS. 804979 313244 COMMUNITY BUILDING SERVICES: UTILIZING ITS YOUTH AND POLICE INITIATIVE AND YOUTH LINK PROGRAM, NAFI WORKS WITH URBAN COMMUNITIES TO REDUCE VIOLENCE AND GANG INVOLVEMENT BY YOUTH. NAFI ENGAGES YOUTH AND COMMUNITIES IN POSITIVE SOCIAL CHANGE TO CREATE SUSTAINABLE, POSITIVE RELATIONSHIPS AMONG TEENS AND POLICE, REPLACING ANIMOSITY AND DISTRUST WITH MUTUAL RESPECT AND UNDERSTANDING. THIS PROCESS IS DONE IN PARTNERSHIP WITH SCHOOLS, POLICE DEPARTMENTS, CITY AND NEIGHBORHOOD ORGANIZATIONS, BUSINESSES, DEDICATED INDIVIDUAL LEADERS, AND GREAT KIDS. 696092 424500 3767543 17018190 true true false false false false false false false false true false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 122 0 true 408 true true true false false false false false false false false false X 11 9 false false false false false false false true true false true true true true true true true true true true true false CA MA NY X X HILDEGARDE PARIS 9788824878 90 MAPLE STREET UNIT 2 STONEHAM MA 02180 X HOWARD RICH CHAIRMAN OF THE BOARD 0.69 0.69 X X 0 0 0 ROGER MARCORELLE VICE CHAIRMAN/DIRECTOR 0.54 0.69 X X HILDEGARDE PARIS TREASURER/CHIEF OPER OFFICER 40.0 0.1 X X 188986 0 5723 DR BARBARA VINICK CLERK/DIRECTOR 0.23 0.69 X X 0 0 0 KELLY MADDEN ASST CLERK/CHIEF ADMIN OFFICER 40.0 0.85 X X 104332 0 3498 BARNET WEINSTEIN DIRECTOR 0.23 0.69 X 0 0 0 DR NANCY GROSSMAN DIRECTOR 0.38 0.75 X 0 0 0 DR WILLIAM MADAUS DIRECTOR 0.23 0.0 X 0 0 0 JAMES ZAFRIS DIRECTOR 0.69 0.69 X 0 0 0 MARGARET N ZUSKY DIRECTOR 0.23 0.0 X 0 0 0 MATTHEW SAGAL DIRECTOR 0.23 0.0 X 0 0 0 PAMELA ROCHA CHIEF FINANCIAL OFFICER 40.0 0.69 X 110428 0 4193 DR YITZHAK BAKAL PRESIDENT 40.0 0.0 X 271709 0 111392 JAMES ISENBERG DIRECTOR OF MARKETING 40.0 0.0 X 173599 0 5516 CHARLES MYERS EXECUTIVE DIRECTOR 0.0 40.0 X 133976 0 0 PAUL DANN EXECUTIVE DIRECTOR 0.0 40.0 X 143367 0 7016 STEVEN HAHN EXECUTIVE DIRECTOR 0.0 40.0 X 133402 0 2602 LYNN BISHOP EXECUTIVE DIRECTOR 0.0 40.0 X 124841 0 6805 1384640 0 146745 9 false true false CERIDIAN 3311 EAST OLD SHAKOPEE ROAD MINNEAPOLIS MN 55425 H/R SERVICES 317624 JMK SYSTEMS SOLUTIONS INC 20 BROADWAY AVENUE IPSWICH MA 01938 INFO TECHNOLOGY 156870 KPMG LLP DEPT 0579 BOX 120001 DALLAS TX 75312 AUDIT FEES 144100 PLL PERFORMANCE GROUP LLC PO BOX 31035 SAVANNAH GA 31410 CONSULTANT 129288 4 331907 2110 331907 FEES/CONTRACTS FROM GOVERNMENT AGENCIES 624100 21246660 21246660 21246660 64344 16878 47466 0 0 0 0 0 0 0 0 2700000 462474 0 2237526 2237526 2237526 0 0 0 0 0 LOSS FSA SPENDING ACCOUNT 900099 -8733 -8733 CLIENT RECORDS FEES 900099 2014 2014 -6719 23873718 21239941 16878 2284992 424500 424500 0 0 0 849054 849054 0 10550725 8689589 1861136 0 0 1995788 1521308 474480 839196 639685 199511 38645 4146 34499 152155 7933 144222 230950 230950 0 0 0 1336614 964148 372466 5913 3294 2619 67573 43328 24245 259132 259132 0 934421 601474 332947 505605 378943 126662 0 130279 21051 109228 90236 80807 9429 0 768602 533652 234950 171050 140389 30661 PROVIDER STIPENDS 1437326 1437326 CONSUMABLES 944991 944991 OTHER DIRECT 377690 266119 111571 TELECOMMUNICATIONS 195979 119532 76447 241401 195975 45426 22547825 17018190 5529635 0 0 0 758000 2466150 0 0 2625008 2343198 0 0 0 0 510700 471336 0 0 264135 432746 7704148 5114020 3566057 2590128 389835 413731 0 0 0 0 0 0 342518 255672 8456253 8972961 2433470 2115329 0 0 339643 37925 0 0 0 0 0 0 1919162 1730623 0 0 260264 218879 4952539 4102756 X 3390854 4765764 112860 104441 0 0 3503714 4870205 8456253 8972961 1325893 40598 X false true X true false X 204575 322861 179552 148509 331907 1187404 20674993 18215355 17559862 21449688 21246660 99146558 0 0 0 20879568 18538216 17739414 21598197 21578567 100333962 13000 7300 20300 0 13000 7300 20300 100313662 26402 25693 26005 31704 64344 174148 0 26402 25693 26005 31704 64344 174148 0 8887 6047 1967 822 -6719 11004 20914857 18569956 17767386 21630723 21636192 100519114 0.99796 0.99860 0.00173 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259753 259753 1664474 896137 768337 3778634 2749132 1029502 1465439 1112317 353122 535848 356434 179414 2590128 0 DUE TO AFFILIATES 218879 218879 X 24665654 40598 751338 791936 23873718 23873718 23299163 751338 751338 22547825 22547825 FIN 48 PART X NAFI IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). NAFI HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. false NAFI CONNECTICUT INC 20 BATTERSON PARK ROAD FARMINGTON CT 06032 900059160 501(C)(3) 424500 SUPPORT 1 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 NORTH AMERICAN FAMILY INSTITUTE (NAFI) AND NAFI CONNECTICUT ARE RELATED ORGANIZATIONS. NAFI PROVIDED THE GRANT TO NAFI CONNECTICUT FOR ASSISTANCE IN MAINTAINING ONE OF ITS PROGRAM SERVICE FACILITIES LOCATED IN CONNECTICUT. X X X false true false false false false false false false HILDEGARDE PARIS TREASURER/CHIEF OPER OFFICER 188340 0 0 0 646 0 0 0 5723 0 194709 0 0 0 DR YITZHAK BAKAL PRESIDENT 270160 0 0 0 1549 0 104877 0 6515 0 383101 0 0 0 PAUL DANN EXECUTIVE DIRECTOR 141502 0 0 0 1865 0 0 0 7016 0 150383 0 0 0 JAMES ISENBERG DIRECTOR OF MARKETING 165599 0 8000 0 0 0 0 0 5516 0 179115 0 0 0 PART I, LINE 4B DR. YITZHAK BAKAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J, PART II, COLUMN C. OTHER PROGRAM SERVICES PART III, LINE 4D OTHER PROGRAMS CONSIST OF INTERCOMPANY TRANSACTIONS WITH FOUR SUBSIDIARY CORPORATIONS AND CONTRIBUTIONS. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11B INFORMATION IS GATHERED FROM THE BUSINESS OFFICE/EXECUTIVE DIRECTOR BY THE CHIEF FINANCIAL OFFICER AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH INDEPENDENT TAX AUDITORS. ONCE COMPLETED, THE DRAFT FORM IS REVIEWED AND FORWARDED BY THE CFO TO THE NAFI/NFI AUDIT COMMITTEE FOR REVIEW PRIOR TO ITS SUBMISSION. THE AUDIT COMMITTEE HAS BEEN AUTHORIZED TO REVIEW AND APPROVE THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. A FILING COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST PART VI, SECTION B, QUESTION 12C IN ADDITION TO SUBMISSION OF SIGNED BOARD MEMBER ANNUAL STATEMENT AFFIRMING RECEIPT OF THE CONFLICT OF INTEREST POLICY, THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY AND UNDERSTAND THAT THE CORPORATION IS CHARITABLE AND MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ITS CHARITABLE PURPOSES, BOARD MEMBERS HAVE A DUTY TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST. WHEN SUCH A DISCLOSURE IS MADE, THE BOARD OF DIRECTORS WILL DISCUSS THE ISSUE WITH THE INTERESTED PARTY. THE INTERESTED PARTY WILL THEN LEAVE THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR HAS FAILED TO DISCLOSE A POSSIBLE CONFLICT OF INTEREST, THE BOARD WILL AFFORD THAT DIRECTOR AN OPPORTUNITY TO EXPLAIN. THE BOARD WILL CONDUCT FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES. THAT DIRECTOR WILL BE RECUSED FROM THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD DETERMINES THAT THE BOARD MEMBER FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. COMPENSATION POLICY PART VI, SECTION B, QUESTION 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF NAFI TOP MANAGEMENT OFFICIALS, INCLUDING THE CEO, ALL OFFICERS, AND KEY EMPLOYEES, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S BOARD OF DIRECTORS WHO ARE INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. PRIOR TO MAKING ANY COMPENSATION DECISIONS, NAFI CONDUCTS PERIODIC ANALYSIS OF LIKE POSITIONS AT COMPARABLE HUMAN SERVICE ORGANIZATIONS. THE CEO COMPLETES EVALUATION SUMMARIES OF ALL EXECUTIVE DIRECTORS WHICH ARE REVIEWED, DISCUSSED AND APPROVED AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ALSO COMPLETES AN EVALUATION SUMMARY FOR THE CEO AND FOLLOWS THE SAME REVIEW AND APPROVAL PROCESS. ONCE COMPENSATION IS DETERMINED, IT IS ADEQUATELY DOCUMENTED BY THE CEO AND BOARD OF DIRECTORS. PUBLIC DISCLOSURE PART VI, SECTION C, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON THE WEBSITE OF THE MASSACHUSETTS'S ATTORNEY GENERAL AND WWW.GUIDESTAR.ORG. COMPENSATION PART VII CHARLES MYERS RECEIVED A REFUND OF PRIOR YEAR HEALTHCARE PREMIUMS THAT WERE DEDUCTED AND REPORTED AS NONTAXABLE BENEFITS WHEN HE WAS NOT ENROLLED IN THE AMOUNT OF $9,773. NFI MASSACHUSETTS INC 300 ROSEWOOD DRIVE SUITE 101 DANVERS MA 01923 237378470 SOCIAL SVCS MA 501(C)(3) 9 NAFI true NFI NORTH INC 40 PARK LANE CONTOOCOOK NH 03229 043161042 SOCIAL SVCS NH 501(C)(3) 9 NAFI true NFI VERMONT INC 30 AIRPORT ROAD SOUTH BURLINGTON VT 05403 030304434 SOCIAL SVCS VT 501(C)(3) 9 NAFI true NAFI CONNECTICUT INC 20 BATTERSON PARK ROAD STE 301 FARMINGTON CT 06032 900059160 SOCIAL SVCS CT 501(C)(3) 9 NAFI true TEAM COORDINATING AGENCY INC 76 WINTER STREET HAVERHILL MA 01831 042474141 SOCIAL SVCS MA 501(C)(3) 9 NFI MA true THE CAPTIVE ADVANTAGE LLC PO BOX 52108 BOSTON MA 02205 264681578 CAPTIVE CELL DE NAFI EXCLUDED 142089 6678 false 0 true 0.18080 PLL PERFORMANCE GROUP LLC 1032 SOUTH LAGOON DRIVE GILBERT AZ 85233 455258197 BEHAVIOR MODEL DE NA UNRELATED 16878 55865 false 16878 true 0.15000 false false false false true true false false false true false true false true true true true true false NFI VERMONT INC l 671087 % OF REVENUE NFI VERMONT INC j 9760 ACTUAL EXPENSE NFI VERMONT INC p 42586 ACTUAL EXPENSE NFI MASSACHUSETTS INC l 1319263 % OF REVENUE NFI MASSACHUSETTS INC n 147000 ACTUAL EXPENSE NFI MASSACHUSETTS INC j 22702 ACTUAL EXPENSE NFI MASSACHUSETTS INC p 57688 ACTUAL EXPENSE NFI NORTH INC l 808085 % OF REVENUE NFI NORTH INC p 40687 ACTUAL EXPENSE NFI NORTH INC j 55468 ACTUAL EXPENSE NAFI CONNECTICUT INC l 880170 % OF REVENUE NAFI CONNECTICUT INC j 138233 ACTUAL EXPENSE NAFI CONNECTICUT INC p 77919 ACTUAL EXPENSE RELATED PARTY TRANSACTIONS NFI VERMONT, INC. NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $671,087 FOR THE YEAR ENDED JUNE 30, 2015, AND HAVE BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFIV PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $9,760 FOR THE YEAR ENDED JUNE 30, 2015 AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2015 IN THE AMOUNT OF $42,586. THIS AMOUNT HAS BEEN REPORTED AS DUE TO AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND $28,896 IS EXPECTED TO BE PAID WITHIN ONE YEAR. NFI MASSACHUSETTS, INC. NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE AND AN ESTIMATED PROPERTY USAGE FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $1,466,263 FOR THE YEAR ENDED JUNE 30, 2015 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFI PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $22,702 FOR THE YEAR ENDED JUNE 30, 2015 AND HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2015 IN THE AMOUNT OF $57,688. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION OF $30,309 IS EXPECTED TO BE RECEIVED WITHIN ONE YEAR. NFI NORTH, INC. NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $808,085 FOR THE YEAR ENDED JUNE 30, 2015, AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFIN PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $55,468 FOR THE YEAR ENDED JUNE 30, 2015, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2015 IN THE AMOUNT OF $40,687. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. THE CURRENT PORTION TO BE RECEIVED WITHIN ONE YEAR IS $22,785. NAFI CONNECTICUT, INC. NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $880,170 FOR THE YEAR ENDED JUNE 30, 2015 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NAFICT PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $138,233 FOR THE YEAR ENDED JUNE 30, 2015, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2015 IN THE AMOUNT OF $77,919. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION, $56,858 IS EXPECTED TO BE RECEIVED WITHIN ONE YEAR. NAFI AND ITS SUBSIDIARY CORPORATIONS MAY PERIODICALLY MAKE SHORT TERM LOANS, NOT TO EXCEED ONE YEAR, TO ITS AFFILIATED CORPORATION, SECURED BY DOCUMENTATION EVIDENCING SUCH INDEBTEDNESS. THE DOCUMENTATION SHALL INCLUDE DATE AND AMOUNT OF THE REQUEST, INTEREST RATE AND OTHER APPROPRIATE TERMS APPROVED BY THE EXECUTIVE DIRECTOR OF ADMINISTRATIVE SERVICES AND THE EXECUTIVE DIRECTOR OF THE BORROWING AFFILIATED CORPORATION. FOR THE YEAR ENDED JUNE 30, 2015, NAFICT PROVIDED SUPPORT TO ITS AFFILIATES THROUGH USE OF CERTAIN CASH RESERVES WITH AN INTEREST FEE, BASED ON PRIME RATE LESS 0.50%. THE AMOUNT OF RELATED INTEREST INCOME RECORDED IN THE ACCOMPANYING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2015 WAS NOT SIGNIFICANT.