2015-08-06T09:30:05-05:00 2014-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON ST SUITE 308A DEDHAM MA 02026 990 2014-01-01 042104913 YMCA OF THE NORTH SHORE INC YMCA 9789220990 245 CABOT STREET BEVERLY MA 01915 KEVIN MCCARTHY CFO 9789220990 2015-08-04 KRISTOFFER LANE P01446126 6172629898 2015-08-04 2014 2016-02-25 16:41:14Z KEVIN MCCARTHY 245 CABOT STREET BEVERLY MA 01915 39875963 0 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. 36 36 2548 3200 0 0 5410925 7992876 27484456 28539942 607950 540083 2406685 1785542 35910016 38858443 2326734 2005431 0 0 20292353 22165876 0 0 655144 10040626 10670351 32659713 34841658 3250303 4016785 71798996 72037516 25728216 21841350 46070780 50196166 X SEE SCHEDULE O 0 0 9190885 575563 6922829 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 2014, MORE THAN 1 IN 4 CHILDREN IN OUR Y RECEIVED SUBSIDIZED CHILD CARE. 3333907 54306 1731616 AQUATICS- OUR Y IS A LEADING VOICE IN COMMUNITY WATER SAFETY. WE TEACH YOUNG CHILDREN TO SWIM, CERTIFY LIFGUARDS 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. 2838201 64053 1902166 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 25% PERCENT OF THE YOUNG PEOPLE WE ENGAGE. 1032533 0 1034235 RESIDENCE - OUR YMCA PROVIDES HOUSING FACILITIES IN BEVERLY, IPSWICH, CAPE ANN AND HAVERHILL. OVER 385 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. 12369809 978717 12738230 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 $2,000,000 IN FINANCIAL ASSISTANCE TO THOSE CHILDREN, ADULTS AND FAMILIES WHO WERE UNABLE TO PAY FOR THE YMCA'S MEMBERSHIP AND PROGRAMS. 1686506 70306 1588262 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. 2339851 262486 1928682 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. 17428699 1311509 17289409 32791692 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 22 0 1 2548 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 MA X X KEVIN MCCARTHY CFO 9789220990 245 CABOT STREET BEVERLY MA 01915 JENNIFER BURAS SECRETARY CLERK 2.00 X X 0 0 0 SHEILA BURKE BOARD MEMBER 2.00 X 0 0 0 JM CUNNIFF JR BOARD MEMBER 2.00 X 0 0 0 THOMAS DAVIS BOARD MEMBER 2.00 X 0 0 0 ROSEMARY FRENCH BOARD MEMBER 2.00 X 0 0 0 PHILIP GLOUDEMANS BOARD MEMBER 2.00 X 0 0 0 JACK GOOD PRESIDENT 2.00 X X 0 0 0 DAVID GROOM BOARD MEMBER 2.00 X 0 0 0 BRIAN HINES 2ND VICE PRESIDENT 2.00 X X 0 0 0 COURTNEY KAGAN BOARD MEMBER 2.00 X 0 0 0 OMAR LONGUS BOARD MEMBER 2.00 X 0 0 0 MAURA MCGRANE BOARD MEMBER 2.00 X 0 0 0 BETSY MERRY BOARD MEMBER 2.00 X 0 0 0 KIM MEADER BOARD MEMBER 2.00 X 0 0 0 JON PARK BOARD MEMBER 2.00 X 0 0 0 RICK SETTELMEYER BOARD MEMBER 2.00 X 0 0 0 CAROL TOWNSEND 1ST VICE PRESIDENT 2.00 X X 0 0 0 KIMBERLY ROCK BOARD MEMBER 2.00 X 0 0 0 NANCY WARNER BOARD MEMBER 2.00 X 0 0 0 DAVID YOUNGBLOOD BOARD MEMBER 2.00 X 0 0 0 RICHARD CARLSON TRUSTEE 2.00 X 0 0 0 HERB COLLINS TRUSTEE 2.00 X 0 0 0 CALEB LORING III TRUSTEE 2.00 X 0 0 0 ROBERT LUTTS TRUSTEE 2.00 X 0 0 0 GLEN MACLEOD TRUSTEE 2.00 X 0 0 0 THOMAS ALEXANDER COUNSELOR 2.00 X X 0 0 0 EVERETT MORSS TRUSTEE 2.00 X 0 0 0 RICHARD WYKE TRUSTEE 2.00 X 0 0 0 GREGG BAZYLEWICZ BOARD MEMBER 2.00 X 0 0 0 SCOTT BEYER BOARD MEMBER 2.00 X 0 0 0 WILLIAM LEAVER TREASURER 2.00 X X 0 0 0 RALPH EDWARDS BOARD MEMBER 2.00 X 0 0 0 MARY GRANT BOARD MEMBER 2.00 X 0 0 0 LIZ O'CONNOR BOARD MEMBER 2.00 X 0 0 0 MARY O'NEIL BOARD MEMBER 2.00 X 0 0 0 BRANDON RUGGIERI BOARD MEMBER 2.00 X 0 0 0 DUDLEY MILLER TRUSTEE 2.00 X 0 0 0 HEATON ROBERTSON TRUSTEE 2.00 X 0 0 0 MAUREEN TREFY TRUSTEE 2.00 X 0 0 0 MARGE CRAIG BOARD MEMBER 2.00 X 0 0 0 ED CROUCH BOARD MEMBER 2.00 X 0 0 0 ROBERT EASTMAN BOARD MEMBER 2.00 X 0 0 0 JEFF LOEB BOARD MEMBER 2.00 X 0 0 0 KAREN LUCAS BOARD MEMBER 2.00 X 0 0 0 MICHELLE MCCARTHY BOARD MEMBER 2.00 X 0 0 0 PETER RICHARDSON BOARD MEMBER 2.00 X 0 0 0 JOHN J MEANY CEO 40.00 X 320406 0 95562 CHRISTOPHER LOVASCO COO 40.00 X 194723 0 35666 DIANE LINEHAN CFO 40.00 X 168460 0 26240 BETH FRANCIS CHIEF DEVELOPMENT OFFICER 40.00 X 164204 0 13033 MEEGAN O'NEIL CHIEF STRATEGY AND MARKETI 40.00 X 133934 0 23195 981727 0 193696 5 0 1 0 CON EDISON SOLUTIONS 2 BURLINGTON WOODS BURLINGTON MA 01803 GENERAL CONTRACTOR 2581005 WJJ PLANNING & CONSTRUCTION LLC 64 HAVERHILL STREET READING MA 01867 CONSTRUCTION 916787 GRIFFEN & MERROW INC 7 WALNUT S PEABODY MA 01960 CONTRUCTION 288705 SUNDANCE SCREENPRINTERS 20 MAPLEWOOD AVE GLOUCESTER MA 01930 PRINTING 158626 EMILYS INC 35-41 WILLIAMS ST CHELSEA MA 02150 FOOD SERVICES 157172 5 155668 86096 3333906 4417206 86096 7992876 PROGRAM FEES 624100 15832116 15832116 MEMBERSHIP DUES 900099 12707826 12707826 28539942 540083 540083 558303 626072 -67769 -67769 -67769 1138252 86096 391448 746804 746804 HOUSING MANAGEMENT FEE 900099 730409 730409 RESALE INCOME 900099 72272 72272 303826 303826 1106507 38858443 29574177 0 1291390 2005431 2005431 1175731 1098062 50400 27269 17504655 16317419 781696 405540 640526 582046 46246 12234 1493591 1352387 114130 27074 1351373 1271627 50567 29179 15032 14073 959 53360 49956 3404 11967 11204 763 405599 379728 25871 169118 116597 51884 637 405364 304188 97773 3403 2164357 2158076 6281 122765 89828 16287 16650 571534 570894 640 2621465 2576465 45000 373407 358372 15035 PROGRAM 1807373 1697062 23445 86866 OTHER EXPENSES 545122 485166 14864 45092 BANK AND OTHER FEES 481583 454429 27154 DUES & CERTS 385366 363265 22101 536939 535417 322 1200 34841658 32791692 1394822 655144 2146873 1021241 222532 2023917 804940 1236957 4537764 3326624 601728 742061 75904943 23028886 53478139 52876057 8288192 8993374 245456 230570 1473372 1586715 71798996 72037516 5372970 2140983 484472 1334390 11483276 10194983 8011083 7999782 376415 171212 25728216 21841350 X 42873109 44895684 1956543 4052854 1241128 1247628 46070780 50196166 71798996 72037516 X 4016785 49131 59470 X 0 1 X 1 1 1 X 4705463 5401753 4826347 5410925 7992876 28337364 23244554 24679369 26206725 27484456 28539942 130155046 27950017 30081122 31033072 32895381 36532818 158492410 34900 215374 201082 214439 839791 1505586 0 34900 215374 201082 214439 839791 1505586 156986824 695540 681252 803020 1149425 1098386 4427623 695540 681252 803020 1149425 1098386 4427623 1193152 2183814 1624827 1726427 1106507 7834727 29838709 32946188 33460919 35771233 38737711 170754760 0.91940 0.92100 0.02590 0.02470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6919832 675879 260897 398207 11967 7446434 6321440 110908 899499 398207 13808 6919832 5400606 208307 862222 135028 14667 6321440 5606006 182994 -203704 184890 5400406 5388697 -92174 477486 176719 -8716 5606006 0.72200 0.05500 0.22300 1 0 4885173 4885173 63079483 23028886 40050597 7811474 7811474 128813 128813 52876057 CAPITAL LEASE OBLIGATION 156805 TENANT SECURITY DEPOSITS 14407 171212 X PART V, LINE 4: THE FUNDS ARE FOR THE OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: 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. 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 2011. AUCTION 723033 86096 636937 90333 7320 24570 35842 NSY ROAD RACE SERIES 237188 237188 45340 2965 75288 22 264127 264127 4517 55159 4995 45119 1224348 86096 1138252 49857 145492 15280 24570 156249 391448 746804 1 SCHOLARSHIP-MEMBERSHIP PROGRAM ALL 6175 974356 SCHOLARSHIPS-CAMP & SPECIALTY PROGRAM 1592 262486 SCHOLARSHIPS-INFANT & TODDLER 168 288370 SCHOLARSHIPS-SCHOOL AGE CC 641 287193 SCHOLARSHIPS-SPECIALTY PROGRAMMING 3886 193026 SCHEDULE I, PART I, LINE 2: 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 0 1 0 0 0 0 0 1 0 JOHN J MEANY CEO 272524 0 39306 0 8576 0 74946 0 20616 0 415968 0 0 0 CHRISTOPHER LOVASCO COO 181125 0 12500 0 1098 0 15490 0 20176 0 230389 0 0 0 DIANE LINEHAN CFO 159650 0 7500 0 1310 0 13372 0 12868 0 194700 0 0 0 BETH FRANCIS CHIEF DEVELOPMENT OFFICER 152911 0 10000 0 1293 0 13033 0 0 0 177237 0 0 0 MEEGAN O'NEIL CHIEF STRATEGY AND MARKETI 130842 0 2000 0 1092 0 10627 0 12568 0 157129 0 0 0 PART I, LINE 4B PROVIDED THAT THE CEO REMAINS EMPLOYED WITH THE ORGANIZATION AS OF 1/18/15, HE WILL RECEIVE PAYMENT FROM A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ESTABLISHED FOR HIS BENEFIT. PART I, LINE 7 BONUS PAYMENTS ARE PERFORMANCE BASED AND AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND MANAGEMENT. A MASSDEVELOPMENT FINANCE AGENCY 043431814 2012-02-29 11026039 SEPARATE PRIOR 2009 ISSUE INTO SERIES A & B 0 0 0 B MASSDEVELOPMENT FINANCE AGENCY 043431814 2012-02-29 5000000 SEPARATE PRIOR 2009 ISSUE INTO SERIES A & B 0 0 0 A 11026039 0 0 1 1 B 5000000 0 0 1 1 A 0 1 1 0 0 0.00500 0.00500 0 0 0 B 0 1 1 0 0 0.00500 0.00500 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 A 0 B 0 X AUCTION ITEMS 226 86096 FMV 0 1 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION AND GOALS: 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 2,445 MEMBER EMPLOYEE TEAM AND 3,300 MEMBER VOLUNTEER TEAM ARE COMMITED 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 $2,600,000 WAS DISTRIBUTED TO OVER 13,000 CHILDREN, ADULTS AND FAMILIES WHO WERE UNABLE TO PAY FOR Y MEMBERSHIP PROGRAMS. FORM 990, PART VI, SECTION A, LINE 6 THIS IS BASED ON ARTICLE IV OF THE CONSTITUTION AND BYLAWS OF THE ORGANIZATION, NOT LESS THAN SIXTEEN AND NOT MORE THAN 36 VOTING MEMBERS, BASED IN REPRESENTATIVE DIRECTORS AND AT-LARGE DIRECTORS. MEMBERS SHALL HAVE AND EXERCISE ALL POWERS NECESSARY TO CONTROL THE PROGRAMMING AND PERSONNEL OF THE NORTH SHORE YMCA IN ANY OF ITS DETAILS IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS. THE MANAGEMENT OF THE NORTH SHORE YMCA ("NSY") SHALL BE VESTED IN A BOARD OF DIRECTORS OF NOT LESS THAN SIXTEEN NOT MORE THAN THIRTY-SIX MEMBERS. DIRECTORS SHALL BE EIGHTEEN YEARS OF AGE OR OLDER AND SHALL SUBSCRIBE TO THE NSY STATEMENT OF PURPOSE CONTAINED IN ARTICLE 1 , SECTION 2. ELECTION OF MEMBERS SHALL BE BY TWO PROCEDURES: REPRESENTATIVE DIRECTORS DESIGNATED BY LOCAL BOARD OF DIRECTORS AND AT-LARGE DIRECTORS ELECTED ANNUALLY BY VOTE OF THE QUALIFIED MEMBERS OF THE NSY. REPRESENTATIVE DIRECTORS AND AT-LARGE DIRECTORS SHALL HAVE THE SAME RIGHTS, DUTIES AND OBLIGATIONS, EXCEPT AS STATED IN THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A 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, SECTION B, LINE 11 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 INCLUDES 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, SECTION B, LINE 12C 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, SECTION B, LINE 15 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 MAY 2012. THE COMPENSATION OF THE CFO IS REVIEWED ANNUALLY BY THE CEO DURING THE EVALUATION PROCESS. THIS WAS LAST COMPLETED IN DECEMBER 2012. FORM 990, PART VI, SECTION C, LINE 19 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 XI, LINE 9: CHANCE IN CASH SURRENDER VALUE 52,970. CHANGE IN BENEFICIAL INTEREST IN PERP TRUST 6,500. LOSS ON SALE/DISPOSAL OF ASSETS WADLEIGH HOUSE LLC 81 WINTER STREET HAVERHILL MA 01830 LOW INCOME HOUSING MA 128559 3830878 YMCA OF NORTH SHORE INC YNS AFFORDABLE HOUSING INC 245 CABOT BEVERLY MA 01915 274406835 LOW INCOME HOUSING MA 501 (C)(3) LINE 9 N/A 1 WINTER STREET HOUSING LP 81 WINTER STREET HAVERHILL MA 01830 201677719 LOW INCOME HOUSING MA N/A RELATED -24 -152 0 0 0.00010 HOLCROFT PARK HOMES ONE LP 102 LAFAYETTE ST SALEM MA 01970 273773984 LOW INCOME HOUSING MA N/A RELATED 0 0 0.00490 HOLCROFT PARK HOMES TWO LP 102 LAFAYETTE ST SALEM MA 01970 264724156 LOW INCOME HOUSING MA N/A RELATED -9 23355 0 0 0.00490 POWDER HOUSE VILLAGE LP 112 COUNTY ROAD IPSWICH MA 01938 270195040 LOW INCOME HOUSING MA N/A RELATED -489600 -758647 0 0 0.00010 CABOT STREET HOMES LP 245 CABOT STREET BEVERLY MA 01915 043751123 LOW INCOME HOUSING MA N/A RELATED 0 0 HOLCROFT PHASE 2 GP LLC 102 LAFAYETTE ST SALEM MA 01970 454420055 LOW INCOME HOUSING MA N/A RELATED 0 0 0.00510 HOLCROFT PARK HOMES ONE GP INC 102 LAFEYETTE STREET SALEM MA 01970 273755656 PROVISION OF LOW INCOME HOUSING MA N/A C 0.49000 0 WINTER STREET HOUSING INC 81 WINTER STREET HAVERHILL MA 01830 201677719 PROVISION OF LOW INCOME HOUSING MA N/A C -975 -6314 1.00000 0 POWDER HOUSE VILLAGE GP INC 245 CABOT STREET BEVERLY MA 01915 270195040 PROVISION OF LOW INCOME HOUSING MA N/A C -1482 -5384 1.00000 0 CABOT STREET HOMES GP INC 102 LAFEYETTE STREET SALEM MA 01970 263750951 PROVISION OF LOW INCOME HOUSING MA N/A C 0.51000 0 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 HOLCROFT PARK HOMES PH 2 L 19573 VALUE OF LOAN ISSUANCE HISTORIC HAVERHILL INC J 6966 FMV AT TIME OF LEASE AGREEMENT POWDER HOUSE VILLAGE LP L 27732 FMV OF SERVICES PROVIDED WINTER STREET HOUSING L 43832 FMV OF SERVICES PROVIDED YNS AFFORDABLE HOUSING L 31878 FMV OF SERVICES PROVIDED HOLCROFT PARK HOMES ONE LP L 21317 FMV OF SERVICES PROVIDED HOLCROFT PARK HOMES TWO LP L COMPLETION PERCENTAGE OF SERVICES CABOT STREET HOMES LP K 11760 FMV OF SERVICES PROVIDED HOLCROFT PARK HOMES TWO LP P 64327 REIMBURSEMENT OF COSTS INCURRED WINTER STREET HOUSING P 103848 REIMBURSEMENT OF COSTS INCURRED YNS AFFORDABLE HOUSING P 154179 REIMBURSEMENT OF COSTS INCURRED POWDER HOUSE VILLAGE LP P 101435 REIMBURSEMENT OF COSTS INCURRED HOLCROFT PARK HOMES ONE LP P 66287 REIMBURSEMENT OF COSTS INCURRED CABOT STREET HOMES LP P 73848 REIMBURSEMENT OF COSTS INCURRED