2016-05-09T15:03:26-05:00 2015-12-31 042734675 Daniel Dennis & Company LLP 990 Washington Street Suite 308A Dedham MA 02026 990 2015-01-01 042104913 YMCA OF THE NORTH SHORE INC YMCA 9789220990 245 CABOT STREET BEVERLY MA 01915 KEVIN MCCARTHY CFO 2016-05-09 true P01797572 6172629898 2015 2016-09-27 15:27:22Z KEVIN MCCARTHY 245 CABOT STREET BEVERLY MA 01915 47103990 false X WWW.NORTHSHOREYMCA.ORG X 1858 MA OUR YMCA WELCOMES ALL. WE STRENGTHEN COMMUNITIES, EDUCATE AND NURTURE CHILDREN, AND PROMOTE HEALTHY LIVING IN SPIRIT, MIND AND BODY. 33 33 2658 3621 0 0 7992876 12278206 28539942 31098188 540083 694086 1785542 2065305 38858443 46135785 2005431 2341440 0 22165876 22949686 0 994771 10670351 12352021 34841658 37643147 4016785 8492638 72037516 79172388 21841350 21103585 50196166 58068803 X OUR YMCA WELCOMES ALL. WE STRENGTHEN COMMUNITIES, EDUCATE AND NURTURE CHILDREN, AND PROMOTE HEALTHY LIVING IN SPIRIT, MIND AND BODY. OUR STRATEGIC GOALS INCLUDE BUILDING DEVELOPMENT ASSETS IN YOUTH. FOSTERING DIVERSE LEADERSHIP AT ALL LEVELS, WELCOMING EVERYONE REGARDLESS OF INCOME, BUILDING AND MAINTAINING STRONG FACILITIES, PROVIDING QUALITY CHILDCARE PROGRAMS, DEVELOPING CHILDHOOD AND ADULT OBESITY PROGRAMS AND EXPANDING AFFORDABLE HOUSING PROGRAMS. OUR 2,658 MEMBER EMPLOYEE TEAM AND 3,621 MEMBER VOLUNTEER TEAM ARE COMMITTED TO SERVING ALL IN OUR COMMUNITIES. THIS COMMITMENT CAN BE SEEN IN THE HIGH QUALITY OF SERVICE WE PROVIDE AND OUR STRONG FINANCIAL ASSISTANCE PROGRAM, IN WHICH OVER $2,300,000 WAS DISTRIBUTED TO OVER 14,000 CHILDREN, ADULTS AND FAMILIES WHO WERE UNABLE TO PAY FOR Y MEMBERSHIP AND PROGRAMS. false false 12660195 1066762 14737679 MEMBERSHIP AND FITNESS - THE YMCA IS A MEMBER ORGANIZATION. THE YMCA HAS OVER 45,000 MEMBERS FROM IN AND AROUND THE NORTHSHORE REGION OF MASSACHUSETTS. IN 2014, THE ORGANIZATION OPENED ITS NEWEST FULL SERVICE FACILITY IN PLAISTOW, NEW HAMPSHIRE. SINCE OPENING OVER 2,500 MEMBERS HAVE JOINED THE PLAISTOW COMMUNITY YMCA. BY COMMITTING TO SERVE ALL, THE YMCA PROVIDED $1,100,000 IN FINANCIAL ASSISTANCE TO THOSE CHILDREN, ADULTS AND FAMILIES WHO WERE UNABLE TO PAY FOR THE YMCA'S MEMBERSHIP AND PROGRAMS. 9446159 712570 8152990 CHILDCARE- AS THE REGION'S LARGEST PROVIDER OF HIGH-QUALITY AFFORDABLE CHILD CARE, WE SUPPORT THE HEALTHY DEVELOPMENT OF MORE THAN 2,300 CHILDREN. AT OUR 25+ CHILD CARE CENTERS, WE FOCUS ON NURTURING CHILDREN BY PROVIDING A SAFE AND HEALTHY PLACE TO LEARN FOUNDATIONAL SKILLS DEVELOP HEALTHY, TRUSTING RELATIONSHIPS AND BUILD SELF-RELIANCE THROUGH THE Y VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY. WITH OUR FULL-DAY AND PARTIAL-DAY CHILD CARE PROGRAMS FOR INFANTS THROUGH MIDDLE SCHOOL CHILDREN, WE ENABLE PARENTS AND GUARDIANS TO GO TO WORK KNOWING THEIR CHILDREN ARE IN A SAFE, STIMULATING ENVIRONMENT. IN 2015, MORE THAN 1 IN 3 CHILDREN IN OUR Y RECEIVED SUBSIDIZED CHILD CARE. 3737852 83825 2036873 AQUATICS- OUR Y IS A LEADING VOICE IN COMMUNITY WATER SAFETY. WE TEACH YOUNG CHILDREN TO SWIM, CERTIFY LIFEGUARDS TO PROTECT OUR REGION'S BEACHES, AND PROVIDE HEALTH AND WELLNESS PROGRAMS TO ENSURE ADULT WELL-BEING. MORE THAN 13,000 OF OUR NEIGHBORS STAY SAFE AND HEALTHY IN OUR SWIM PROGRAMS. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. 3132428 97674 2115568 YOUTH SERVICES - OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, INCLUDING OUR TEEN CENTERS, THEATRE PROGRAMS, AND YOUTH SPORTS PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR 20% OF THE YOUNG PEOPLE WE ENGAGE. 2478572 253163 2325516 CAMP - THIS PROGRAM PROVIDES DAY CAMP EXPERIENCE AND IS PACKED WITH ACTIVITIES GUARANTEED TO FILL EACH SUMMER DAY WITH FRIENDSHIPS AND MEMORIES THAT LAST A LIFETIME. OVER 5,000 CHILDREN ENJOYED CAMP ADVENTURES RANGING FROM HIKING IN THE NEW ENGLAND MOUNTAINS TO SAILING OFF THE COAST OF MARBLEHEAD. 1957250 127446 1729562 GYMNASTICS - THIS PROGRAM PROVIDES YOUTH AND TEENS THE OPPORTUNITY TO EXPRESS THEMSELVES IN A UNIQUE SPORT THAT COMBINES CREATIVITY AND PHYSICALITY. GYMNASTS OF ALL ABILITIES AND AGES HAVE THE OPPORTUNITY TO HAVE FUN, GAIN SELF-CONFIDENCE AND EXERCISE WITH PROFESSIONAL AND ENTHUSIASTIC INSTRUCTORS. 1810745 1085717 RESIDENCE - OUR YMCA PROVIDES HOUSING FACILITIES IN BEVERLY, IPSWICH, CAPE ANN AND HAVERHILL. OVER 490 CHILDREN AND ADULTS ARE PROVIDED A SAFE AFFORDABLE AND CLEAN SPACE TO CALL HOME. THE ORGANIZATION CONTINUES TO SEEK NEW OPPORTUNITIES TO DEVELOP AND MANAGE RESIDENCE IN OUR COMMUNITIES TO HELP MEET THE CONTINUED NEED OF AFFORDABLE HOUSING AND SERVE WHAT HAS ALWAYS BEEN A PART OF THE YMCA'S MISSION. 9378995 478283 7256363 35223201 true true false true false false false false false true true false false false true true false true false false false false false false true false false false true true true false false false false false false false false false false true false false false true true true true false false true 58 0 true 2658 true false false false false false true true false false false false false false X 33 33 false false true false false true false true true false true true true true true true true true true true true true MA X X KEVIN MCCARTHY 9789220990 245 CABOT STREET BEVERLY MA 01915 X Thomas Alexander Counselor 2.0 X X 0 0 0 William Leaver President 2.0 X X 0 0 0 Jennifer Buras Treasurer 2.0 X X 0 0 0 Courtney Kagan Secretary Clerk 2.0 X X 0 0 0 David Youngblood Assistant Treasurer 2.0 X X 0 0 0 Carol Townsend 1st Vice President 2.0 X X 0 0 0 Mary Grant Board Member 2.0 X 0 0 0 Gregg Bazylewicz Board Member 2.0 X 0 0 0 Pam Demetroulakas Board Member 2.0 X 0 0 0 Rosemary French Board Member 2.0 X 0 0 0 Jack Good Board Member 2.0 X 0 0 0 Sheila Burke Board Member 2.0 X 0 0 0 Jeanne Lambkin Board Member 2.0 X 0 0 0 Jeff Loeb Board Member 2.0 X 0 0 0 Michelle McCarthy Board Member 2.0 X 0 0 0 David McKechnie Board Member 2.0 X 0 0 0 Betsy Merry Board Member 2.0 X 0 0 0 Steven Kapfhammer Board Member 2.0 X 0 0 0 Rick Alpern Board Member 2.0 X 0 0 0 Paul Gaucher Board Member 2.0 X 0 0 0 Robert Eastman Board Member 2.0 X 0 0 0 Omar Longus Board Member 2.0 X 0 0 0 Majorie Cregg Board Member 2.0 X 0 0 0 Maura McGrane Board Member 2.0 X 0 0 0 J M Cunniff Jr Board Member 2.0 X 0 0 0 Kim Meader Board Member 2.0 X 0 0 0 Jon Park Board Member 2.0 X 0 0 0 Kimberly Rock Board Member 2.0 X 0 0 0 Greg Spero Board Member 2.0 X 0 0 0 Nancy Warner Board Member 2.0 X 0 0 0 Mary O'Neil Board Member 2.0 X 0 0 0 Peter Richardson Board Member 2.0 X 0 0 0 Brandon Ruggieri Board Member 2.0 X 0 0 0 Christopher Lovasco CEO 40.0 X 324935 0 41169 Kevin McCarthy CFO 40.0 X 135011 0 30893 Diane Linehan Former CFO 10.0 X 131784 0 9390 Marguerite Francis Chief Development Officer 40.0 X 194457 0 15557 Scott Hitchcock COO 40.0 X 153783 0 26715 Meegan O'Neil Chief Strategy and Marketing Officer 40.0 X 150129 0 23738 JUDITH CRONIN EXECUTIVE DIRECTOR 40.0 X 118462 0 20672 TRACY SOUCY-FULLER EXECUTIVE DIRECTOR 40.0 X 104437 0 643 DARLENE MOULTON DIRECTOR OF RISK MANAGEMENT 40.0 X 108347 0 7562 John J Meany Former CEO 10.0 X 672906 0 8810 2094251 0 185149 7 true true true WJJ PLANNING & CONSTRUCTION LLC 64 HAVERHILL STREET READING MA 01867 CONSTRUCTION 485415 1 X 133072 0 96186 0 3373163 8675785 96186 12278206 Membership Revenue 13948022 13948022 Childcare Revenue -- Infant/Toddler/Preschool 4702668 4702668 Childcare Revenue -- School Age 3642613 3642613 Day Camp Revenue 1715270 1715270 Resident Camp Revenue 0 0 7089615 7089615 0 0 31098188 694086 694086 755185 639183 116002 0 116002 116002 0 0 1091692 96186 329022 762670 762670 HOUSING MANAGEMENT FEE 900099 662281 662281 HOUSING DEVELOPER FEE 900099 46260 46260 RESALE INCOME 900099 54656 54656 423436 423436 0 0 1186633 46135785 32183905 0 1673674 2341440 2341440 0 0 1096387 1023959 46999 25429 18186883 16896346 741702 548835 710731 645841 51315 13575 1512948 1352175 112044 48729 1442737 1343371 62672 36694 14454 13009 1445 56308 50677 5631 13301 13301 22376 20138 2238 629504 555837 27650 46017 187412 121492 60080 5840 452034 338639 103215 10180 2465289 2452088 13201 107520 76901 16688 13931 532622 528114 4508 0 0 0 0 2599517 2564668 34849 441050 422780 18270 PROGRAM 1632837 1509470 34636 88731 BANK AND OTHER FEES 509927 489970 10816 9141 DUES AND CERTS 442131 414689 27442 OTHER EXPENSES 2245739 2048296 49774 147669 37643147 35223201 1425175 994771 1021241 3576591 2023917 7353905 1236957 1091824 0 0 3326624 3871400 742061 497806 78340362 25389096 52876057 52951266 8993374 7625616 0 0 230570 220877 1586715 1983103 72037516 79172388 2140983 2446895 1334390 1138213 10194983 9615208 7999782 7787055 0 0 171212 116214 21841350 21103585 44895684 47305022 4052854 9383853 1247628 1379928 50196166 58068803 72037516 79172388 X 8492638 -614136 0 0 0 -5865 X false true X true true true X 5401753 4826347 5410925 7992876 12278206 35910107 24679369 26206725 27484456 28539942 31098188 138008680 0 0 0 30081122 31033072 32895381 36532818 43376394 173918787 215374 201082 214439 839791 5315235 6785921 0 0 0 0 539877 539877 215374 201082 214439 839791 5855112 7325798 166592989 681252 803020 1149425 1098386 1449271 5181354 0 681252 803020 1149425 1098386 1449271 5181354 0 2183814 1624827 1726427 1106507 1186633 7828208 32946188 33460919 35771233 38737711 46012298 186928349 0.8912 0.9194 0.0277 0.0259 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 2183814.0, COLUMN B - 1624827.0, COLUMN C - 1726427.0, COLUMN D - 1106507.0, COLUMN E - 1186633.0, COLUMN F - 7828208.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 13301 13301 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE YMCA OF THE NORTH SHORE, INC. IS A MEMBER OF THE ALLIANCE OF MASSACHUSETTS YMCAS, A PUBLIC POLICY AND ADVOCACY GROUP COMMITTED TO WORKING WITH YMCAS AND OTHER CHILD CARE AND HUMAN SERVICE ORGANIZATIONS IN THE COMMONWEALTH, CONCERNED WITH THE WELL BEING OF CHILDREN AND FAMILIES. THE YMCA OF THE NORTH SHORE, INC. ENGAGES A STRATEGIC MANAGEMENT AND PUBLIC AFFAIRS CONSULTANT TO ASSIST THE ORGANIZATION IN NAVIGATING REGULATORY AND FUNDING MATTERS PERTAINING TO YMCA SERVICES. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE YMCA OF THE NORTH SHORE, INC. IS A MEMBER OF THE ALLIANCE OF MASSACHUSETTS YMCAS, A PUBLIC POLICY AND ADVOCACY GROUP COMMITTED TO WORKING WITH YMCAS AND OTHER CHILD CARE AND HUMAN SERVICE ORGANIZATIONS IN THE COMMONWEALTH, CONCERNED WITH THE WELL BEING OF CHILDREN AND FAMILIES. THE YMCA OF THE NORTH SHORE, INC. ENGAGES A STRATEGIC MANAGEMENT AND PUBLIC AFFAIRS CONSULTANT TO ASSIST THE ORGANIZATION IN NAVIGATING REGULATORY AND FUNDING MATTERS PERTAINING TO YMCA SERVICES. 7446433 313991 -187168 135242 21289 7416725 6919832 675879 260897 398207 11968 7446433 6321240 110908 899499 398207 13608 6919832 5400406 208307 862222 135028 14667 6321240 5606006 182994 -203704 184890 5400406 0.711 0.055 0.234 true false 4815313 4815313 67813674 25389096 42424578 0 0 0 0 3883003 0 3883003 1828372 0 1828372 52951266 CAPITAL LEASE OBLIGATION 57869 TENANT SECURITY DEPOSITS 15091 DUE TO AFFILIATE 4657 OTHER LONG-TERM DEBT 38597 116214 X Schedule D, Part V, Line 4 Intended uses of endowment funds THE FUNDS ARE FOR THE OPERATIONS OF THE ORGANIZATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization follows FASB ASC 740, "Income Taxes", which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. All tax exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. Management believes that the Organization has no material uncertainties in income taxes. The Organization is no longer subject to income tax examinations by the U.S. Federal, State, or local tax authorities for the years before 2012. The Organizations tax returns for 2012, 2013 and 2014 are subject to examination. Auction 673489 96186 577303 4307 68986 22490 32166 NSY Road Race Series 234737 234737 52275 2141 75854 8 279652 279652 5456 53131 1979 10237 1187878 96186 1091692 57731 57438 73106 22490 118257 329022 762670 true SCHOLARSHIPS-MEMBERSHIP PROGRAM ALL 6553 1061725 SCHOLARSHIPS-CAMP PROGRAM 1553 253163 SCHOLARSHIPS-INFANT & TODDLER 168 359691 SCHOLARSHIPS-SCHOOL AGE CC 608 322290 SCHOLARSHIPS-SPECIALTY PROGRAM 5490 344571 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE YMCA OFFERS FINANCIAL ASSISTANCE BASED ON FAMILY HOUSEHOLD INCOME, ENSURING THAT HELP IS OFFERED WHERE MOST NEEDED. THIS INCLUDES COLLECTING PAYSTUB INFORMATION, HOURS WORKED AND OTHER DOCUMENTATION TO VERIFY LEGAL RESIDENCE. X X X true true false false false false false true false Christopher Lovasco CEO 240000 0 82500 0 2435 0 21200 0 19969 0 366104 0 0 0 Kevin McCarthy CFO 129331 0 4000 0 1680 0 10924 0 19969 0 165904 0 0 0 Marguerite Francis Chief Development Officer 158028 0 35000 0 1429 0 15557 0 0 0 210014 0 0 0 Scott Hitchcock COO 148556 0 4000 0 1227 0 12303 0 14412 0 180498 0 0 0 Meegan O'Neil Chief Strategy and Marketing Officer 144910 0 4000 0 1219 0 11235 0 12503 0 173867 0 0 0 John J Meany Former CEO 57649 0 38154 0 577103 0 5207 0 3603 0 681716 0 498500 0 Schedule J, Part I, Line 4a Severance or change-of-control payment THE ORGANIZATION PROVIDED A SEVERANCE TO A FORMER EMPLOYEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Provided that the former CEO remained employed with the Organization as of 1/18/15, he was eligible to receive payment from a supplemental executive retirement plan established for his benefit. The purpose of this supplemental executive retirement plan was to reward his 22 years of service and commitment to the Organization through retirement. Schedule J, Part I, Line 7 Non-fixed payments BONUS PAYMENTS ARE PERFORMANCE BASED AND AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND MANAGEMENT. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-02-29 11626039 SEPERATE PRIOR 2009 ISSUE INTO SERIES A & B false false false B MASS DEVELOPMENT FINANCE AGENCY 043431814 2012-02-29 5000000 SEPERATE PRIOR 2009 ISSUE INTO SERIES A & B false false false A 11626039 11626039 2012 false false true true B 5000000 5000000 2012 false false true true A false true true false false 0.005 0.005 false false false B false true true false false 0.005 0.005 false false false A false false true false true false false false false B false false true false true false false false false A false B false Schedule K, Part I BOND ISSUES (A) ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: SEPARATE PRIOR 2009 ISSUE INTO SERIES A & B (A) ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY (F) DESCRIPTION OF PURPOSE: SEPARATE PRIOR 2009 ISSUE INTO SERIES A & B X AUCTION ITEMS 154 96186 Market value false true false Form 990, Part III, Line 4d Description of other program services (Expenses $ 12,660,195 including grants of $ 1,066,762)(Revenue $ 14,737,679) MEMBERSHIP AND FITNESS - THE YMCA IS A MEMBER ORGANIZATION. THE YMCA HAS OVER 45,000 MEMBERS FROM IN AND AROUND THE NORTHSHORE REGION OF MASSACHUSETTS. IN 2014, THE ORGANIZATION OPENED ITS NEWEST FULL SERVICE FACILITY IN PLAISTOW, NEW HAMPSHIRE. SINCE OPENING OVER 2,500 MEMBERS HAVE JOINED THE PLAISTOW COMMUNITY YMCA. BY COMMITTING TO SERVE ALL, THE YMCA PROVIDED $1,100,000 IN FINANCIAL ASSISTANCE TO THOSE CHILDREN, ADULTS AND FAMILIES WHO WERE UNABLE TO PAY FOR THE YMCA'S MEMBERSHIP AND PROGRAMS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 2,478,572 including grants of $ 253,163)(Revenue $ 2,325,516) CAMP - THIS PROGRAM PROVIDES DAY CAMP EXPERIENCE AND IS PACKED WITH ACTIVITIES GUARANTEED TO FILL EACH SUMMER DAY WITH FRIENDSHIPS AND MEMORIES THAT LAST A LIFETIME. OVER 5,000 CHILDREN ENJOYED CAMP ADVENTURES RANGING FROM HIKING IN THE NEW ENGLAND MOUNTAINS TO SAILING OFF THE COAST OF MARBLEHEAD. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,957,250 including grants of $ 127,446)(Revenue $ 1,729,562) GYMNASTICS - THIS PROGRAM PROVIDES YOUTH AND TEENS THE OPPORTUNITY TO EXPRESS THEMSELVES IN A UNIQUE SPORT THAT COMBINES CREATIVITY AND PHYSICALITY. GYMNASTS OF ALL ABILITIES AND AGES HAVE THE OPPORTUNITY TO HAVE FUN, GAIN SELF-CONFIDENCE AND EXERCISE WITH PROFESSIONAL AND ENTHUSIASTIC INSTRUCTORS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,810,745 including grants of $)(Revenue $ 1,085,717) RESIDENCE - OUR YMCA PROVIDES HOUSING FACILITIES IN BEVERLY, IPSWICH, CAPE ANN AND HAVERHILL. OVER 490 CHILDREN AND ADULTS ARE PROVIDED A SAFE AFFORDABLE AND CLEAN SPACE TO CALL HOME. THE ORGANIZATION CONTINUES TO SEEK NEW OPPORTUNITIES TO DEVELOP AND MANAGE RESIDENCE IN OUR COMMUNITIES TO HELP MEET THE CONTINUED NEED OF AFFORDABLE HOUSING AND SERVE WHAT HAS ALWAYS BEEN A PART OF THE YMCA'S MISSION. Form 990, Part VI, Line 4 Significant changes to organizational documents Upon the dissolution of the corporation, assets shall be distributed for one or more exempt purpose within the meaning of section 501(c)(3) of the Internal Revenue Service Code, or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government for a public purpose. If you choose to name a specific organization to receive the assets of the organization in the event of dissolution, the receiving organization must be a like or similar operating with the same purpose. If the specific organization is tax-exempt under IRS Code Section 501)c)(3), it must be registered with the state of New Hampshire Department of Justice. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body EACH LOCAL BOARD OF DIRECTORS SHALL ELECT ONE MEMBER TO SIT ON THE BOARD OF DIRECTORS. ELECTION OF SAID REPRESENTATIVE DIRECTORS SHALL BE CONDUCTED IN THE TIME AND MANNER SPECIFIED IN THE WRITTEN POLICY OF EACH LOCAL BOARD OF DIRECTORS. THE NSY SHALL CONDUCT ANNUAL ELECTIONS TO ELECT THE AT-LARGE DIRECTORS WHO SHALL SERVE UNTIL THE FOLLOWING ANNUAL ELECTION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE BOARD TREASURER/CHAIRMAN OF THE FINANCE COMMITTEE, CHAIRMAN OF THE AUDIT COMMITTEE, CFO AND CEO, PRIOR TO FILING FINAL ELECTRONICALLY WITH THE IRS. THIS REVIEW INCLUDED CHANGES IN THE FORM 990 COMPARED TO LAST YEAR AND VERIFICATION OF ACCURACY IN STATEMENTS AND MISSION OF THE ORGANIZATION. IN ADDITION, A COPY OF FORM 990 IS REVIEWED AND ELECTRONICALLY COMMUNICATED TO THE ENTIRE BOARD PRIOR TO FILING Form 990, Part VI, Line 12c Conflict of interest policy AN INTERESTED PARTY IS UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY SHOULD BE KNOWN. AN INTERESTED PARTY SHALL COMPLETE THE QUESTIONNAIRE FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT AND AFFIRMATION OF THE COMPLIANCE SHALL BE SUBMITTED UPON HIS/HER ASSOCIATION WITH THE YMCA OF THE NORTH SHORE, AND SHALL BE FILED WHENEVER A POTENTIAL CONFLICT ARISES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS OCCURS DURING THE EVALUATION PROCESS. THIS PROCESS WAS LAST COMPLETED IN APRIL 2015. THE COMPENSATION OF OTHER KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE CEO DURING THE EVALUATION PROCESS. THIS WAS LAST COMPLETED IN DECEMBER 2015. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE AND UPON REQUEST. THE FORM 990 IS ALSO MADE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AND GUIDESTAR WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue Other Program Revenue - Total Revenue: 7089615, Related or Exempt Function Revenue: 7089615, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All Other Revenue - Total Revenue: 423436, Related or Exempt Function Revenue: 423436, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Cash Surrender Value - -6387; Change in Beneficial Interest in Perpetual Trusts - 522; WADLEIGH HOUSE LLC 81 WINTER STREET HAVERHILL MA 01830 LOW INCOME HOUSING MA 153539 3204060 YMCA OF NORTH SHORE INC YNS AFFORDABLE HOUSING INC 245 CABOT BEVERLY MA 01915 274406835 LOW INCOME HOUSING MA 501(c)(2 YMCA of the North Shore Inc true WINTER STREET HOUSING LP 81 WINTER STREET HAVERHILL MA 01830 201677719 LOW INCOME HOUSING MA NA Related -16 -168 false false 0.0001 HOLCROFT PARK HOMES ONE LP 102 LAFEYETTE ST SALEM MA 01970 273773984 LOW INCOME HOUSING MA NA Related -1474 17003 false false 0.00004 HOLCROFT PARK HOMES TWO LP 102 LAFEYETTE ST SALEM MA 01970 264724156 LOW INCOME HOUSING MA NA Related -9 22888 false false 0.00005 POWDER HOUSE VILLAGE LP 112 COUNTRY ROAD IPSWICH MA 01938 270195040 LOW INCOME HOUSING MA NA Related -15 -38 false false 0.00003 CABOT STREET HOMES LP 245 CABOT STREET BEVERLY MA 01915 043751123 LOW INCOME HOUSING MA NA Related -8 -38 false false 0.00004 HOLCROFT PHASE 2 GP LLC 102 LAFEYETTE ST SALEM MA 01970 454420055 LOW INCOME HOUSING MA NA Related -904 22751 false false 0.0051 HOLCROFT PARK HOMES ONE GP INC 102 LAFEYETTE STREET SALEM MA 01970 273755656 PROVISION OF LOW INCOME HOUSING MA NA C Corporation -615 -3453 0.49 false WINTER STREET HOUSING INC 81 WINTER STREET HAVERHILL MA 01830 201677719 PRIOVISION OF LOW INCOME HOUSING MA NA C Corporation -1276 -8874 1 false POWDER HOUSE VILLAGE GP INC 245 CABOT STREET BEVERLY MA 01915 270195040 PROVISION OF LOW INCOME HOUSING MA NA C Corporation -1426 -8236 1 false CABOT STREET HOMES GP INC 102 LAFEYETTE STREET SALEM MA 01970 263750951 PROVISION OF LOW INCOME HOUSING MA NA C Corporation -385 -31610 0.3 false false false false true false false false false false false true true false false false false true false false Holcroft Park Homes Ph 2 D 488900 Value of loan issuance YNS Affordable Housing Inc D 201944 Value of loan issuance YNS Affordable Housing Inc D 173000 Value of loan issuance Winter Street Housing LP Q 101478 Reimbursement of costs incurred YNS Affordable Housing Inc Q 115541 Reimbursement of costs incurred Powder House Village LP Q 107275 Reimbursement of costs incurred Holcroft Park Homes One LP Q 70230 Reimbursement of costs incurred Cabot Street Homes LP Q 61452 Reimbursement of costs incurred Holcroft Park Homes Two LP Q 63598 Reimbursement of costs incurred Historic Haverhill Inc K 6944 Based on agreement