2015-08-11T06:01:00-05:00 2014-12-31 010494526 BAKER NEWMAN & NOYES LLC 650 ELM STREET SUITE 302 MANCHESTER NH 03101 990 2014-01-01 043239593 YOUVILLE HOUSE INC YOUV 6174911234 1573 CAMBRIDGE STREET CAMBRIDGE MA 02138 JOANNE C PARSONS CHIEF EXECUTIVE OFFICER 6174911234 2015-08-10 E DREW CHENEY P00182972 8002447444 2015-08-10 2014 2016-02-25 16:41:14Z JOANNE C PARSONS 1573 CAMBRIDGE STREET CAMBRIDGE MA 02138 6461641 0 X YOUVILLEHOUSE.ORG X 1997 MA WE ARE A COMMUNITY OF HOPE INSPIRED BY THE LIFE AND WORK OF SAINT MARGUERITE D'YOUVILE. IN HER SPIRIT WE COMMIT OURSELVES TO EXCELLENCE, RESPECT AND COMPASSION FOR ALL WE SERVE AND FOR ONE ANOTHER. 9 7 83 0 0 0 2856 1404 6211707 6305003 126970 155234 0 0 6341533 6461641 0 0 0 0 2910517 2980357 0 0 0 2510535 2443704 5421052 5424061 920481 1037580 25418799 26907193 12116359 12337286 13302440 14569907 WE ARE A COMMUNITY OF HOPE INSPIRED BY THE LIFE AND WORK OF SAINT MARGUERITE D'YOUVILLE. IN HER SPIRIT WE COMMIT OURSELVES TO EXCELLENCE, RESPECT AND COMPASSION FOR ALL WE SERVE FOR ONE ANOTHER. 0 0 5353218 6305003 THE ORGANIZATION PROVIDED 34,213 DAYS OF RESIDENTIAL ASSISTED LIVING SERVICES TO THE ELDERLY FROM ALL ECONOMIC, RELIGIOUS AND ETHNIC BACKGROUNDS YOUVILLE HOUSE FOLLOWS THE METHODOLOGY THAT IS RECOMMENDED BY THE CATHOLIC HEALTH ASSOCIATION FOR CALCULATING THE COST OF SUPPORT FOR THE BROADER COMMUNITY. IN THE METHODOLOGY, THE COST OF PROVIDING SERVICES IS REDUCED BY PAYMENTS RECEIVED FOR SERVICES RESULTING IN A NET COST. IT IS THE NET COST OF PROGRAMS DIRECTED TO THE NEEDY COMPARED TO THE ACTUAL REIMBURSEMENT FOR THOSE SERVICES. YOUVILLE HOUSE HAD A TOTAL COMMUNITY BENEFIT OF $238,774, OF WHICH $194,969 WERE RENTS SUBSIDIZED BY THE ORGANIZATION. THIS IS 4.40% OF OPERATING EXPENSES FOR THE YEAR OF THIS RETURN. 5353218 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 31 0 1 83 1 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOANNE C PARSONS CHIEF EXECUTIVE OFFICER 6174911234 1573 CAMBRIDGE STREET CAMBRIDGE MA 02138 MICHAEL MCHUGHESQ CHAIR 3.00 0.00 X X 0 0 0 H WILLIAM ADAMS TREASURER/CLERK 1.00 0.00 X X 0 0 0 THOMAS GIBSON DIRECTOR 1.00 0.00 X 0 0 0 KENNETH FERRON DIRECTOR 1.00 39.00 X 0 302427 115847 JOSEPH CONNARTON DIRECTOR 1.00 0.00 X 0 0 0 CAROL FLYNN DIRECTOR 1.00 0.00 X 0 0 0 JOANNE C PARSONS PRESIDENT/CEO 20.00 20.00 X X 160642 0 15904 DANIEL C NELSON DIRECTOR 1.00 0.00 X 0 0 0 MARY LYNNE HEDLEY DIRECTOR 1.00 0.00 X 0 0 0 JOANNE SCIANNA CHIEF OPERATING OFFICER 20.00 20.00 X 0 129482 13727 JOHN COONEY SR. DIRECTOR OF FINANCE 20.00 20.00 X 102651 0 28601 DINAH OLANOFF SR. DIRECTOR OF MARKETING 20.00 20.00 X 100231 0 3688 363524 431909 177767 3 0 1 0 THYSSENKRUPP ELEVATOR 665 CONCORD AVENUE CAMBRIDGE MA 02138 ELEVATOR CONTRACTOR SERVICE 332924 SPAULDING HOSPITAL CAMBRIDGE 1573 CAMBRIDGE STREET CAMBRIDGE MA 02138 UTILITY SERVICES 135226 2 1404 1404 RESIDENT ROOM & BOARD 623000 6122892 6122892 OTHER RESIDENT SERVICE 623000 182111 182111 6305003 155234 155234 6461641 6305003 0 155234 160642 160642 2219728 2219728 94078 94078 312628 312628 193281 193281 64926 64926 84 84 5833 5833 41913 41913 88829 88829 295721 295721 5967 5967 413285 413285 583671 583671 59295 59295 OPERATING SUPPLIES 637356 637356 PURCHASE SERVICES 177215 177215 ALL OTHER MISCELLANEOUS 69609 69609 5424061 5353218 70843 0 987924 853078 32444 20826 72551 37979 17866744 6399848 11394505 11466896 3462186 2731273 9469189 11797141 25418799 26907193 720860 753514 10705000 10630000 690499 953772 12116359 12337286 X 9832739 11138286 2881014 2842935 588686 588686 13302440 14569907 25418799 26907193 X 1037580 121368 108519 X 0 1 X 1 0 X 5395 3960 7110 2856 1404 20725 5818787 5994617 6149513 6211707 6305003 30479627 5824182 5998577 6156623 6214563 6306407 30500352 0 0 0 30500352 85897 308376 214647 126970 155234 891124 85897 308376 214647 126970 155234 891124 5910079 6306953 6371270 6341533 6461641 31391476 0.97160 0.97140 0.02840 0.02860 X 3469700 -38080 3431621 2666368 803332 3469700 2847139 -180771 2666368 3034785 -187646 2847139 3023949 10836 3034785 0.17150 0.82850 0 0 14186723 5126588 9060135 3680021 1273260 2406761 11466896 OTHER SECURITIES 2731273 C 2731273 DUE FROM AFFILIATES 582730 DEBT SERVICE SINKING FUND 37505 RESIDENT SECURITY DEPOSITS 456094 DEBT SERVICE INTEREST FUND 223924 BOND ISSUANCE COSTS 114006 BOARD DESIGNATED FUND 6941083 DONOR RESTRICTED FUNDS 3431621 ESCROW - ELEVATOR 10178 11797141 ORIGINAL BOND ISSUE DISCOUNT 85825 RESIDENT SECURITY DEPOSIT AND INTEREST 456094 DUE TO AFFILIATES 107423 DEFERRED REVENUE 304430 953772 X PART V, LINE 4: FUNDS ARE USED TO ASSIST RESIDENTS WHO HAVE DEPLETED THEIR AVAILABLE RESOURCES OR ARE OTHERWISE UNABLE TO PAY FOR SUCH SERVICES. PART X, LINE 2: COVENANT AND ITS MEMBER ORGANIZATIONS ARE CONSIDERED NOT-FOR-PROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT AS NOTED BELOW. TAX-EXEMPT ORGANIZATIONS COULD BE REQUIRED TO RECORD AN OBLIGATION FOR INCOME TAXES AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS INCLUDING UNRELATED BUSINESS INCOME OR TAX STATUS. UNDER GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD, ASSETS AND LIABILITIES ARE ESTABLISHED FOR UNCERTAIN TAX POSITIONS TAKEN OR POSITIONS EXPECTED TO BE TAKEN IN INCOME TAX RETURNS WHEN SUCH POSITIONS ARE JUDGED TO NOT MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD, BASED UPON THE TECHNICAL MERITS OF THE POSITION. ESTIMATED INTEREST AND PENALTIES, IF APPLICABLE, RELATED TO UNCERTAIN TAX POSITIONS ARE INCLUDED AS A COMPONENT OF INCOME TAX EXPENSE. THE SYSTEM HAS EVALUATED THE POSITION TAKEN ON ITS FILED TAX RETURNS. THE SYSTEM HAS CONCLUDED NO UNCERTAIN INCOME TAX POSITIONS EXIST AT DECEMBER 31, 2014. UNDER INTERNAL REVENUE SERVICE REGULATIONS, THE SYSTEM'S TAX YEARS FROM 2011 THROUGH 2014 ARE OPEN AND SUBJECT TO EXAMINATION. 1 X X X X 0 0 0 0 0 0 0 1 0 KENNETH FERRON DIRECTOR 0 256140 0 0 0 46287 0 85079 0 30768 0 418274 0 0 JOANNE C PARSONS PRESIDENT/CEO 126529 0 16613 0 17500 0 4404 0 11500 0 176546 0 0 0 PART I, LINE 3 EVERY TWO TO THREE YEARS THE COMPENSATION COMMITTEE OF THE COVENANT HEALTH'S BOARD OF DIRECTORS ENGAGES AN EXTERNAL CONSULTANT TO PROVIDE COMPETITIVE MARKET DATA FROM VARIOUS SURVEY SOURCES, WHICH IS USED TO DEVELOP RECOMMENDATIONS FOR CHANGES TO THE COMPENSATION PROGRAM. SINCE 2003 THE COMPENSATION COMMITTEE HAS ENGAGED MERCER HUMAN RESOURCES CONSULTING TO CONDUCT THIS ANALYSIS. THE SPECIFIC OBJECTIVES OF THE ANALYSIS ARE TO ASSESS THE COMPETITIVENESS OF THE CURRENT TOTAL CASH COMPENSATION LEVELS FOR THE SENIOR LEADERSHIP TEAM; DEVELOP MARKET COMPETITIVE SALARY RANGES FOR ALL EXECUTIVE POSITIONS AND ENSURE THAT THE ANNUAL INCENTICE OPPORTUNITIES, IF THERE ARE ANY, ARE COMPETITIVE AND REASONABLE. PART I, LINE 7 IN CONJUNCTION WITH ITS SOLE MEMBER, COVENANT HEALTH, THE ORGANIZATION MAINTAINS AN INCENTIVE COMPENSATION PLAN FOR EXECUTIVES THAT IS ADMINISTERED BY COVENANT HEALTH'S COMPENSATION COMMITTEE. THE PLAN PROVIDES EXECUTIVES WITH THE OPPORTUNITY TO EARN REASONABLE INCENTIVE COMPENSATION BASED ON THE PERFORMANCE OF THE INDIVIDUAL EXECUTIVE, AS MEASURED AGAINST GOALS THAT ARE SET AT THE BEGINNING OF THE YEAR. A MA HEALTH & EDUCATION AUTHORITY 042456011 57584QAA4 2012-06-27 10645000 REFUNDING PRIOR ISSUE,CAPITAL EQUIPMENT AND PROJECTS 1 0 0 A 10645000 339330 96746 10200000 348254 0 1 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 A 0 PART IV, #7 & PART V: BOTH BONDS ARE CAREFULLY AND CONSISTENTLY MONITORED FOR POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS, BUT THE PROCEDURES WERE NOT WRITTEN AS OF THE END OF THE YEAR COVERED BY THIS TAX RETURN. HOWEVER, THE ORGANIZATION IS CONSIDERING ADOPTING FORMAL POLICIES THAT SET FORTH THE ORGANIZATION'S METHODOLOGY FOR ENSURING POST-ISSUANCE COMPLIANCE WITH IRS REQUIREMENTS PERTAINING TO TAX-EXEMPT DEBT AND CONTAIN SPECIFIC LANGUAGE REGARDING ORGANIZATIONAL RESPONSIBILITY, RECORD RETENTION, PRIVATE BUSINESS USE, ARBITRAGE REBATE, AND REMEDIAL ACTION. ALTHOUGH FORMAL POLICIES ARE NOT IN PLACE IN REGARDS TO THE REMEDIATION OF OUR BONDS, THE MONITORING REQUIREMENTS OF SECTION 148, AND PROCEDURES TO ENSURE THAT VIOLATIONS ARE TIMELY IDENTIFIED AND CORRECTED, THE ORGANIZATION HAS COMPLIANCE CHECKS IN PLACE THAT SUBSTANTIATE THESE REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 6 COVENANT HEALTH IS THE SOLE MEMBER OF THE ORGANIZATION. AS SUCH IT RETAINS CERTAIN RESERVE RIGHTS CONCERNING CORPORATE DECISIONS AND BOARD COMPOSITION FORM 990, PART VI, SECTION A, LINE 7A COVENANT HEALTH IS THE SOLE MEMBER OF THE ORGANIZATION. AS SUCH IT RETAINS CERTAIN RESERVE RIGHTS OVER CORPORATE DECISONS AND BOARD COMPOSITION. FORM 990, PART VI, SECTION A, LINE 7B COVENANT HEALTH IS THE SOLE MEMBER OF THE ORGANIZATION. AS SUCH IT RETAINS CERTAIN RESERVE RIGHTS OVER CORPORATE DECISIONS AND BOARD COMPOSITION. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION PROVIDES THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARY DISTRIBUTES A CONFLICT OF INTEREST STATEMENT TO BOARD MEMBERS, EMPLOYEES AND OTHER PARTIES TO DETERMINE WHETHER THESE PARTIES HAVE A FINANCIAL OR OTHER INTEREST IN FIRMS IN WHICH THE ORGANIZATION HAS A BUSINESS RELATIONSHIP. THESE FORMS MUST BE SIGNED AND RETURNED TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 EVERY TWO TO THREE YEARS THE COMPENSATION COMMITTEE OF THE COVENANT HEALTH'S BOARD OF DIRECTORS ENGAGES AN EXTERNAL CONSULTANT TO PROVIDE COMPETITIVE MARKET DAATA FROM VARIOUS SURVEY SOURCES, WHICH IS USED TO DEVELOP RECOMMENDATIONS FOR CHANGES TO THE COMPENSATION PROGRAM. SINCE 2003, THE COMPENSATION COMMITTEE HAS ENGAGED MERCER HUMAN RESOURCES CONSULTING TO CONDUCT THIS ANALYSIS. OBJECTIVES ARE TO ASSESS THE COMPOSITENESS OF THE CURRENT TOTAL CASH COMPENSATION LEVELS OF THE SENIOR LEADERSHIP TEAM, DEVELOP MARKET BASED COMPETITIVE SALARY RANGES FOR ALL EXECUTIVE POSITIONS AND ENSURE THAT THE ANNUAL INCENTIVE OPPORTUNITIES, IF THERE ARE ANY, ARE COMPETITIVE AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE ORANIZATION PROVIDES FORM 990 AND ACCESS TO GOVENING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO POSTED ON COVENANT HEALTH SYSTEM'S WEBSITE. FORM 990, PART XI, LINE 9: ROUNDING -1. CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -38,080. NET ASSETS RELEASED FROM RESTRICTION 146,600. COVENANT HEALTH INC 100 AMES POND SUITE 102 TEWKSBURY MA 018761293 222484505 MANAGEMENT AND HEALTH RESOURCE ORGANIZATION MA 501(C)3 9 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 D R