2015-02-13T11:58:11-06:00 2014-03-31 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2013-04-01 042716090 NORTH HILL NEEDHAM INC % PAT PAULIN NORT 7814449910 865 Central Ave Suite Needham MA 02492 KEVIN L BURKE PRESIDENT & CEO 2015-02-12 TAMARA TARAZI P01266026 2013 2016-02-25 16:41:14Z Kevin L Burke 865 CENTRAL AVENUE Needham MA 02492 37869367 false X www.northhill.org X 1979 MA NORTH HILL NEEDHAM IS A MISSION-DRIVEN ORGANIZATION THAT PROVIDES HOUSING AND HEALTHCARE SERVICES TO ITS ELDERLY RESIDENTS FOR LIFE REGARDLESS OF THEIR ABILITY TO PAY. 15 15 372 10 627 0 0 24182577 23488273 347328 1371423 8925 188843 24538830 25048539 0 0 0 0 14325890 14064136 0 0 0 13395270 13540189 27721160 27604325 -3182330 -2555786 130272898 215377072 95724140 232286574 34548758 -16909502 X NORTH HILL NEEDHAM IS A MISSION-DRIVEN ORGANIZATION THAT PROVIDES HOUSING AND HEALTHCARE SERVICES TO THE ELDERLY, AND TAKES CARE OF ITS RESIDENTS FOR LIFE EVEN WHEN THEIR FINANCIAL RESOURCES ARE DEPLETED. false false 24595387 23611910 North Hill Needham, Inc. (Needham)is a 501(c)(3) tax-exempt continuing care retirement community governed by a Board of Trustees comprised of citizens from surrounding local communities. Needham began its tradition of leadership in 1984 offering new senior living opportunities and introducing Lifecare to Massachusetts. Almost 30 years later, Needham operates a Life Care retirement Community which includes 285 Apartments, a Home Health Agency and a 72-bed skilled nursing facility. Over the years, Needham has innovated ways to enhance the lives of people 65 and better. "Purposefull Living" is the heart of the True North spirit. It is both a philosophy and approach to life, designed to enrich the well-being of each person who lives and works at Needham. Needham connects its residents with world-class opportunities on and around its campus. Residents can take classes at a nearby university or take in the extraordinary cultural offerings of Boston. They can strengthen their minds through book clubs, art classes and lectures and strengthen their bodies in the indoor pool or by joining the outdoor walking club. Needham provides the peace of mind of lifecare and a 90% refundable entrance fee - two firsts for the state of Massachusetts. The 90% refundable entrance fee keeps Needham's lifestyle and services affordable for those in the Wellesley/Needham community and keeps pricing stable for the level of care provided. Since 2010 North Hill has offered 3 types of contracts: the flagship 90% refundable with lifecare, declining balance with lifecare and 90% refundable without lifecare. 24595387 true false false false false false false false false false true true false true true false false true false false true false false false false 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 129 0 true 372 true false true CJ false false false false false false false false X 15 15 false false false false true true false true true false false true true true true true true false false false MA X PAT PAULIN 7814449910 865 CENTRAL AVENUE Needham MA 02492 WILLIAM MEAGHER TRUSTEE 1.3 1.0 X 1300 JOHN TUCKER CHAIRMAN 2.5 3.0 X X 1600 DAVID DINWOODEY TRUSTEE 1.0 1.0 X 1300 CHRISTOPH HOFFMAN TRUSTEE 1.0 0.0 X 1300 CARL NOVOTNY TRUSTEE 1.5 0.5 X 1400 TED OWENS VICE CHAIRMAN 2.5 2.7 X X 0 DAVID PERINI TRUSTEE 0.6 0.0 X 1400 JENNIFER PLINE TRUSTEE 2.0 0.5 X 1400 JOHN SCHROEDER TRUSTEE 1.0 1.5 X 1100 JOHN SCHWARZ TRUSTEE 0.6 0.0 X 1300 GAIL WALCOTT TRUSTEE 1.5 0.0 X 1400 SARAH WILCOX TRUSTEE 1.0 0.0 X 1100 DR ELLIOT PRATHER PALMER JR TRUSTEE 0.6 0.0 X 1100 EDWIN REILLY TRUSTEE 1.0 0.0 X 1100 ELIZABETH POWELL TRUSTEE-ATTP BY BABSON COLLEGE 2.0 0.0 X 1300 KEVIN L BURKE PRESIDENT & CEO 24.0 16.0 X 0 273170 24102 JEAN PAUL GOSSELIN CFO/TREASURER 20.0 20.0 X 0 169054 18899 ANNE ORENS CLERK 32.0 8.0 X 74894 7407 DAVID MAW EXECUTIVE DIRECTOR - NEEDHAM 32.0 8.0 X 109663 39561 17714 REBECCA DONATO VP OF BUSINESS DEVELOPMENT 32.0 8.0 X 0 164424 7786 HAROLD GOODALE DIRECTOR OF PLANT SERVICES 40.0 0.0 X 119479 4943 ADAM GOLDMAN ADMINISTRATOR, HEALTH CENTER 40.0 0.0 X 140412 0 18007 CAROLI SMITH FLODSTROM DIRECTOR OF NURSING HEALTH CTR 40.0 0.0 X 111224 17704 PATRICIA PAULIN DIRECTOR OF FINANCE 37.0 3.0 X 93312 34071 9574 DARREN ROY CONTROLLER 30.0 10.0 X 124487 3117 716677 755174 129253 13 false true false CONSIGLI CONSTRUCTION CO 72 SUMNER STREET MILFORD MA 01757 CONSTRUCTION SVCS 5975016 CREATING RESULTS 14000 CROWN COURT SUITE 211 WOODBRIDGE VA 22193 MARKETING SVCS 719023 AJ ROSE FLOORING 9 BEDFORD STREET BURLINGTON MA 01803 FLOORING SVCS 502348 SEBASTIAN PINTO FILHO 36 BALLARDVALLE STREET WILMINGTON MA 01887 CONSTRUCTION SVCS 447960 JSA INC 273 CORPORATE DRIVE SUITE 100 PORTSMOUTH NH 03801 ARCHITECTUAL SVCS 452438 53 0 APARTMENT SERVICE REVENUE 623990 14745932 14745932 ENTRANCE FEES 623000 2201144 2201144 SKILLED NURSING REVENUE 623000 5588791 5588791 GUEST MEALS/DINING FUNCTION/CAFE SALES 900099 126247 126247 CLUB/CONVIVIUM REVENUE 900099 37023 37023 789136 789136 23488273 633553 627 632926 0 0 9537 9537 0 9537 9537 13558698 12452222 368606 1106476 -368606 737870 737870 0 0 0 GENERAL STORE SALES 900099 50492 50492 GUEST ROOMS/COTS 900099 55669 55669 ACTIVITY/TRIP FEES 900099 32267 32267 40878 40878 179306 25048539 23485663 627 1562249 0 0 0 0 1110051 1110051 0 10249768 9224791 1024977 145648 131083 14565 1559845 1403860 155985 998824 898942 99882 789136 789136 525330 525330 129682 129682 0 0 82029 82029 0 702419 667298 35121 2985170 2835911 149259 59439 56467 2972 0 3768967 3768967 35290 35290 0 0 0 0 4092863 4092863 369864 369864 27604325 24595387 3008938 0 0 0 8959671 15504346 0 0 2849575 5189723 0 0 0 0 0 0 303858 211509 584013 549888 144384079 43679017 63456054 100705062 33378900 23262508 20740827 21560829 0 0 0 0 0 48393207 130272898 215377072 6658800 8490596 0 0 10327193 19043831 0 87520635 0 0 0 0 17071466 0 0 0 61666681 117231512 95724140 232286574 X 34548758 -16909502 0 0 0 0 34548758 -16909502 130272898 215377072 X -2555786 2213679 -44969061 -6147092 X false true X true false X 0 0 0 0 0 0 22626563 21645386 23055585 24182577 23488273 114998384 0 0 0 22626563 21645386 23055585 24182577 23488273 114998384 0 1999561 3992003 4606923 3529413 9515726 23643626 1999561 3992003 4606923 3529413 9515726 23643626 91354758 870714 855492 904277 643160 643090 3916733 0 870714 855492 904277 643160 643090 3916733 0 179306 179306 23497277 22500878 23959862 24825737 24310669 119094423 0.76708 0.80716 0.03289 0.03775 X 12606994 12606994 73984319 33406500 40577819 15410550 9810099 5600451 42382216 462418 41919798 100705062 ALTERNATIVE STRATEGIES 21560829 F 21560829 FUNDS HELD BY TRUSTEE 48292255 INV. ACTIVITY, TRUST FUNDS 100952 48393207 0 REFUNDS PAYABLE 5222967 WAIT LIST DEPOSITS 172187 REFUNDABLE GARAGE FEES 803520 REFUNDABLE ENTRANCE FEES 99237740 ACCRUED LEASE OBLIGATION NET 2447878 LIFECARE REFUNDS PAYABLE 83600 DUE TO/(FROM) NH COMMUNITIES 885 DUE TO/(FROM) HH COMMUNITIES -1437445 FUTURE SERVICE OBLIGATION 8872657 ACCRUED INTEREST PAYABLE 1827523 117231512 X Schedule D, Supplemental Information PART X, LINE 2-FIN 48 FOOTNOTE The Audited Financial Statements did not include a FIN 48 (ASC 740) footnote. Central America and the Caribbean Investments 11613940 11613940 11613940 false false false false false false SUPPLEMENTAL INFORMATION FORM 990, SCHEDULE F, PART I The amount reported represents the ending value of investments in the region. false false false false false false false false false ADAM GOLDMAN ADMINISTRATOR, HEALTH CENTER 140412 0 0 0 15819 0 2188 0 158419 0 0 0 DAVID MAW EXECUTIVE DIRECTOR - NEEDHAM 109663 39561 12545 4053 1116 0 123324 43614 0 0 KEVIN L BURKE PRESIDENT & CEO 0 253170 0 20000 0 0 3784 0 20318 0 297272 0 0 REBECCA DONATO VP OF BUSINESS DEVELOPMENT 0 139424 0 25000 0 0 669 0 7117 0 172210 0 0 JEAN PAUL GOSSELIN CFO/TREASURER 0 149054 0 20000 0 0 2386 0 16513 0 187953 0 0 PROCESSES USED TO ESTABLISH CEO COMPENSATION SCHEDULE J, PART I, LINE 3 THE CEO'S COMPMENSATION IS ESTABLISHED BY A RELATED ORGANIZATION, NORTH HILL COMMUNITIES, INC. THROUGH THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583UXU7 2013-07-10 92584988 SEE PART VI false false false A 5100000 0 93366870 5849610 1305087 0 1628597 0 0 25268798 24183488 35131291 true false false true A true true true false 0.00000 0.00000 0.00000 false false true A false true true false false false 0 false 0 false true A true PART I, COLUMN F THE REFUNDED M&T BANK LOAN WAS ISSUED ON APRIL 25, 2012. PART II, LINE 3 AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I (E) DUE TO INVESTMENT EARNINGS ACCRUED. PART III, LINE 7 AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B) THE PORTION OF THE BONDS THAT CURRENTLY REFUNDED THE M&T BANK LOAN MET THE 6 MONTH EXPENDITURE EXCEPTION. PART VI, QUESTION 3 DELEGATION OF CONTROL OVER MANAGEMENT DUTIES North Hill Communities (NHC) supplies senior management to oversee North Hill Needham. Charges are for the salaries, benefits and expenses of those individuals. Part VI, Question 6 MEMBERS OF THE ORGANIZATION North Hill Communities, Inc. is the sole member of North Hill Needham, Inc. Part VI, Question 7a ELECTION OF TRUSTEES BY THE MEMBER The Board of Trustees shall consist of not less than three nor more than fifteen Voting Trustees as shall be determined from time to time by resolution of the Member. Part VI, Question 11B PROCESS USED TO REVIEW FORM 990 A professional accounting firm prepares a draft of the Form 990. It is reviewed by management, changes are made and a copy is provided to the Board prior to filing. Part VI, Question 12c CONFLICT OF INTEREST POLICY MONITORING THE ORGANIZATION'S CONFLICT OF INTEREST POLICY PROVIDES THAT, ANNUALLY, EACH TRUSTEE SHALL COMPLETE AND SUBMIT TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR HIS/HER DESIGNEE A "STATEMENT OF OUTSIDE INTEREST AND ACTIVITIES FORM" OUTLINING ANY POSSIBLE CONFLICTS OF INTEREST OR A STATEMENT INDICATING THAT NO SUCH CONFLICTS OF INTEREST EXIST. ANY NEWLY-APPOINTED TRUSTEE SHALL BE ADVISED OF THIS POLICY BY THE CHAIRMAN OF THE BOARD OF TRUSTEES IMMEDIATELY UPON APPOINTMENT AND SUCH NEWLY-APPOINTED TRUSTEE SHALL BE ASKED TO COMPLETE AND SUBMIT THE "STATEMENT OF OUTSIDE INTEREST AND ACTIVITIES FORM". EMPLOYEES AND AGENTS ARE REQUIRED TO REPORT ANY POTENTIAL OR ACTUAL CONFLICTS CONCERNING THEMSELVES OR FAMILY MEMBERS TO MANAGEMENT. MEMBERS OF SENIOR MANAGEMENT ARE ALSO REQUIRED TO REPORT ANY POTENTIAL OR ACTUAL CONFLICTS CONCERNING THEMSELVES OR FAMILY MEMBERS. ENFORCEMENT FAILURE TO DISCLOSE A CONFLICT OR POTENTIAL CONFLICT OF INTEREST OR TO TAKE WHATEVER ACTION IS DEEMED APPROPRIATE BY THE CHAIRMAN OF THE BOARD MAY RESULT IN REMOVAL FROM OFFICE UNLESS THE CONFLICT OR POTENTIAL CONFLICT CAN BE RESOLVED. SENIOR MANAGEMENT IS SUBJECT TO THE CODE OF CONDUCT WHICH IS ENFORCED BY THE CORPORATE COMPLIANCE COMMITTEE. WHO IS COVERED? THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS EACH MEMBER OF THE ORGANIZATION'S BOARD OF TRUSTEES. SENIOR MANAGEMENT, EMPLOYEES AND AGENTS ARE SUBJECT TO NEEDHAM'S CODE OF CONDUCT. DEPARTMENT LEADERS ALSO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. LEVEL OF DETERMINATION AND REVIEW OF CONFLICTS THE CHAIRMAN REVIEWS ALL COMPLETED "STATEMENT OF OUTSIDE INTEREST AND ACTIVITIES FORMS" REGARDING CONFLICTS OF INTEREST. AS SOON AS ANY SITUATION AS TO WHICH A TRUSTEE MAY BE IN DOUBT COMES TO HIS/HER ATTENTION, FULL DISCLOSURE MUST BE MADE TO THE CHAIRMAN OF THE BOARD SO AS TO PERMIT AN IMPARTIAL AND OBJECTIVE DETERMINATION OF WHETHER A REAL OR POTENTIAL CONFLICT OF INTEREST EXISTS. MANAGEMENT AND OR THE CORPORATE COMPLIANCE COMMITTEE REVIEWS CONFLICTS REPORTED BY EMPLOYEES OR AGENTS. EMPLOYEES ARE NOT ALLOWED TO PARTICIPATE IN MANY ARRANGEMENTS SUCH AS JOINT VENTURES WITH AN ACTUAL OR POTENTIAL REFERAL SOURCE AND CANNOT BE AN OFFICER, DIRECTOR, MANAGER OR CONSULTANT OF A POTENTIAL COMPETITOR OR SUPPLIER. THESE ARRANGEMENTS ARE EXPRESSLY PROHIBITED PURSUANT TO THE CODE OF CONDUCT. RESTRICTIONS PLACED ON CONFLICTED PERSONS IF A CONFLICT OR POTENTIAL CONFLICT IS DEEMED BY THE CHAIRMAN OF THE BOARD TO EXIST, THEN THE TRUSTEE MAY BE REQUIRED, AMONG OTHER THINGS, TO REFRAIN FROM PARTICIPATING IN DISCUSSION AND DECISION-MAKING IN REGARD TO THIS MATTER ON BEHALF OF THE ORGANIZATION AND TO REMOVE HIMSELF OR HERSELF FROM THE MEETING DURING SUCH ACTION. TRUSTEES WOULD NOT BE ALLOWED TO VOTE IN ANY ISSUES WITH WHICH THEY HAVE A CONFLICT. PART VI, QUESTIONS 15A AND 15B PROCESS FOR DETERMINING COMPENSATION NORTH HILL COMMUNITIES, INC., THE SOLE MEMBER OF NORTH HILL NEEDHAM, INC., HANDLES THE RESPONSIBILITY OF DETERMINING COMPENSATION FOR NEEDHAM'S CEO, OTHER OFFICERS, AND KEY EMPLOYEES OR MANAGEMENT OFFICIALS. PART VI, Question 19 AVAILABILITY OF GOVERNING DOCUMENTS, POLICIES & FINANCIALS TO THE PUBLIC Our governing documents, conflict of interest policy, and financial statements are available to the general public upon request. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: Equity method interest $ 1,266,274 on return alt. strategies Change in FSO Obligation ($ 7,260,743) Deconstruction loan deferred ($ 152,623) financing costs Total ($ 6,147,092) North Hill Comunities Inc 865 Central Ave Needham MA 02492 264416455 Mgmt Services MA 501(C)(3) 11, Type 2 NA false NORTH HILL HOME HEALTH CARE INC 865 CENTRAL AVE NEEDHAM MA 02492 454336870 HOME HEALTH MA 501(C)(3) 9 NH COMM false false true false false false false false false false true false false false false true true false true false NORTH HILL COMMUNITIES O 789136 FMV NORTH HILL HOME HEALTH CARE INC R 1392059 FMV NORTH HILL HOME HEALTH CARE INC B 1437446 FMV NORTH HILL HOME HEALTH CARE INC O 196590 FMV