NEIGHBORHEALTH CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- NEIGHBORHEALTH CORPORATION (EIN 23-7425849)
- Tax period
- 2012-10-01 to 2013-09-30
- Filed
- 2014-08-14
- IRS object ID
- 201432269349301808
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-08-14T08:38:38-07:00 | Timestamp |
| Tax Period End Date | 2013-09-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237425849 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | East Boston Neighborhood Health Center | BusinessNameLine1 |
| Business Name Line2 | Corporation and Affiliate | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EAST | NameControl |
| Phone | 6175684570 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Gove Street | AddressLine1 |
| City | East Boston | City |
| State | MA | State |
| ZIP Code | 02128 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | James Hazard | Name |
| Title | CFO | Title |
| Date Signed | 2014-08-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John P Cradock | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Gove Street | AddressLine1 |
| City | East Boston | City |
| State | MA | State |
| ZIP Code | 02128 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 104589455 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ebnhc.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | The Health Center's mission is to provide easily accessible, affordable, appropriate, high-quality, personalized, coordinated primary care, for all who live and work in East Boston and the surrounding communities, without regard to age, income, insurance status, language, culture, or social circumstances | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1015 | TotalNbrEmployees |
| Total Nbr Volunteers | 153 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 15851425 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 13903381 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 75007549 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 86097034 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 137175 | InvestmentIncomePriorYear |
| Investment Income Current Year | 76884 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3037988 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3558803 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 94034137 | TotalRevenuePriorYear |
| Total Revenue Current Year | 103636102 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 59176888 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 63373559 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 19245 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 62529 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 34676675 | OtherExpensePriorYear |
| Other Expenses Current Year | 39648057 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 93853563 | TotalExpensesPriorYear |
| Total Expenses Current Year | 103040861 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 180574 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 595241 | RevenuesLessExpensesCY |
| Total Assets BOY | 72102982 | TotalAssetsBOY |
| Total Assets EOY | 75753236 | TotalAssetsEOY |
| Total Liabilities BOY | 52609868 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 55478372 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19493114 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20274864 | NetAssetsOrFundBalancesEOY |
| Mission Description | The Health Center's mission is to provide easily accessible, affordable, appropriate, high-quality, personalized, coordinated primary care, for all who live and work in East Boston and the surrounding communities, without regard to age, income, insurance status, language, culture, or social circumstances | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 48681669 | Expense |
| Revenue | 50373816 | Revenue |
| Description | In Fiscal Year 2013 the East Boston Neighborhood Health Center Corp.continued it's mission to provide easily accessible, personalized, high quality,affordable care that is sensitive to the needs of each individual who lives or works in the East Boston Community regardless of the ability to pay.The Center had 284 thousand patient visits during the year ending September 30,2013. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 26820645 | Expense |
| Revenue | 29989739 | Revenue |
| Description | The Elder Services division which includes the Elder Service Program ("ESP"),Senior Care Options,("SCO"), and the Long Term Care Pharmacy,continued to provide all inclusive care for the elderly during the year, the organization provided direct care for 4,555 member months for its ESP particpants and 5,246 member months for its SCO participants for the period ending September 30,2013. The Long Term Care Pharmacy provided 103,837 prescriptions to members of both the ESP and SCO members in FY2013 as well. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5691318 | Expense |
| Revenue | 5733479 | Revenue |
| Description | The Retail Pharmacy provides onsite prescription medication exclusive to health center patients only. During the period ending September 30, 2013, the organization filled 335,523 thousand prescriptions for its patients.In August of 2013 the health center entered into and agreement with Walgreen's Pharmacy which enables health center patients to fill their prescription at participating Walgreen's Pharmacies at discount 340B pricing. There were 473 prescriptions filled in FY2013 | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 81193632 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | true | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 75 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1015 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | James Hazard | NamePerson |
| Telephone Number | 6175684570 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Gove Street | AddressLine1 |
| City | East Boston | City |
| State | MA | State |
| ZIP Code | 02128 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Officer Daniel Simon | ||||||||
| Director | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Frank M Ramirez | ||||||||
| Director | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Doris Virginia Rubio | ||||||||
| Vice President | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Nancy M Christoff | ||||||||
| Director | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Jennifer C Blanco | ||||||||
| Clerk | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rosa Dominguez | ||||||||
| Director | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Jean Staopolli | ||||||||
| Director | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Sandra Caggiano | ||||||||
| Treasurer | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Rita Sorrento | ||||||||
| BOD President | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Timothy Rogers | ||||||||
| COO | 40.00 | 0.00 | 255318 | 0 | 24387 | X | ||
| Dr James Taylor | ||||||||
| CMO Emeritas | 32.00 | 0.00 | 411785 | 0 | 24508 | X | ||
| John P Cradock | ||||||||
| President | 40.00 | 0.00 | 643399 | 0 | 25060 | X | ||
| Mari Bentley | ||||||||
| CMO | 40.00 | 0.00 | 255219 | 0 | 24794 | X | ||
| Manuel Lopes | ||||||||
| CEO | 40.00 | 0.00 | 349197 | 0 | 25060 | X | ||
| James Hazard | ||||||||
| CFO | 40.00 | 0.00 | 187517 | 0 | 21647 | X | ||
| Dr Jeffrey Shapiro | ||||||||
| Practitioner | 40.00 | 0.00 | 266961 | 0 | 29371 | X | ||
| Dr James Pedulla | ||||||||
| Practitioner | 40.00 | 0.00 | 220347 | 0 | 28270 | X | ||
| Dr Catherine Silva | ||||||||
| Practitioner | 40.00 | 0.00 | 216919 | 0 | 7286 | X | ||
| Dr Nadeem Afridi | ||||||||
| Practitioner | 40.00 | 0.00 | 207869 | 0 | 18981 | X | ||
| Stephen Fraser | ||||||||
| VP Campus Oper. | 40.00 | 0.00 | 200920 | 0 | 23059 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3215451 | TotalReportableCompFromOrg |
| Total Other Compensation | 252423 | TotalOtherCompensation |
| Number Individuals GT100 K | 85 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Quest Diagnostics MA LLC | |||||
| 5763 Collection Center Drive | Chicago | IL | 606930057 | Laboratory Services | 258157 |
| McGarr Services | |||||
| PO Box 670139 | Chesnut Hill | MA | 02467 | Cleaning Services | 860681 |
| Longwood Security | |||||
| Two Brookline Place | Brookline | MA | 02467 | Security Services | 556502 |
| Epic Systems | |||||
| 1779 Milky Way | Milwuakee | WI | 53288 | Technical Support | 1021890 |
| Eaton Apothecary Offices | |||||
| PO Box 6880 | Holliston | MA | 01746 | Pharmacy Services | 3586913 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| Government Grants | 12348382 | GovernmentGrants |
| All Other Contributions | 1554999 | AllOtherContributions |
| Total Contributions | 13903381 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Retail Pharmacy Revenue | 446110 | 5733479 | 5733479 |
| Health Center NPSR | 621400 | 50373816 | 50373816 |
| ESP Revenue | 621610 | 29989739 | 29989739 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 86097034 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 708382 | TotalRevenueColumn |
| Exclusion | $708,382 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 259326 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 890824 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -631498 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -631498 | TotalRevenueColumn |
| Exclusion | -$631,498 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 211700 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 62529 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 149171 | TotalRevenueColumn |
| Exclusion | $149,171 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Rental Income | 623000 | 375422 | 375422 |
| Other Program Support | 621400 | 2965433 | 2965433 |
| Equity in Srurgess Street | 623000 | 68777 | 68777 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3409632 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103636102 | TotalRevenueColumn |
| Related Or Exempt Function Income | 89506666 | RelatedOrExemptFunctionIncome |
| Exclusion | $226,055 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1363241 | Total |
| Program Services | 50239 | ProgramServices |
| Management And General | 1313003 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49264996 | Total |
| Program Services | 41446163 | ProgramServices |
| Management And General | 7818833 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 867612 | Total |
| Program Services | 790096 | ProgramServices |
| Management And General | 77516 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8620814 | Total |
| Program Services | 7031392 | ProgramServices |
| Management And General | 1589422 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3256896 | Total |
| Program Services | 2405853 | ProgramServices |
| Management And General | 851043 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 301424 | Total |
| Management And General | 301424 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106992 | Total |
| Management And General | 106992 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19245 | Total |
| Fundraising | 19245 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78941 | Total |
| Program Services | 6182 | ProgramServices |
| Management And General | 72759 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 425512 | Total |
| Program Services | 305570 | ProgramServices |
| Management And General | 117942 | ManagementAndGeneral |
| Fundraising | 2000 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6056812 | Total |
| Program Services | 3010780 | ProgramServices |
| Management And General | 3046032 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138967 | Total |
| Program Services | 33764 | ProgramServices |
| Management And General | 103228 | ManagementAndGeneral |
| Fundraising | 1975 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 841281 | Total |
| Program Services | 2435 | ProgramServices |
| Management And General | 838846 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3384393 | Total |
| Program Services | 722498 | ProgramServices |
| Management And General | 2661895 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 548084 | Total |
| Program Services | 252096 | ProgramServices |
| Management And General | 295988 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Consultants | 3235013 | 2176124 | 1056577 | 2312 |
| Other Admin Expenses | 5671731 | 4564656 | 1087448 | 19626 |
| Institutional Expenses | 6612041 | 6612041 | ||
| Medical Expenses | 8410535 | 8410535 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3836331 | Total |
| Program Services | 3373208 | ProgramServices |
| Management And General | 445752 | ManagementAndGeneral |
| Fundraising | 17371 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103040861 | Total |
| Program Services | 81193632 | ProgramServices |
| Management And General | 21784700 | ManagementAndGeneral |
| Fundraising | 62529 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5707450 | BOY |
| EOY | 11865415 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 412878 | BOY |
| EOY | 311440 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6884878 | BOY |
| EOY | 5428905 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 678145 | BOY |
| EOY | 956866 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1458542 | BOY |
| EOY | 1594380 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 58335066 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23215353 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36679877 | BOY |
| EOY | 35119713 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20281212 | BOY |
| EOY | 20476517 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72102982 | BOY |
| EOY | 75753236 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12598716 | BOY |
| EOY | 15884765 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 334286 | BOY |
| EOY | 81845 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15701608 | BOY |
| EOY | 15050862 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23975258 | BOY |
| EOY | 24460900 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52609868 | BOY |
| EOY | 55478372 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18982299 | BOY |
| EOY | 19577540 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 510815 | BOY |
| EOY | 697324 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19493114 | BOY |
| EOY | 20274864 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72102982 | BOY |
| EOY | 75753236 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 595241 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 186509 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
Accountant Compile Or Review Basis AccountantCompileOrReviewBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Hospital170b1 Aiii | X | Hospital170b1Aiii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed4955 Tax | false | Form4720Filed4955Tax |
| Correction Made | false | CorrectionMade |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $47,500 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | true | RalliesDemonstrations |
| Rallies Demonstrations | $13,303 | RalliesDemonstrationsAmount |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 60803 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2674483 | OtherCostOrOtherBasis |
| Book Value | 2674483 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17315732 | OtherCostOrOtherBasis |
| Depreciation | 1300856 | Depreciation |
| Book Value | 16014876 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17538594 | OtherCostOrOtherBasis |
| Depreciation | 10904687 | Depreciation |
| Book Value | 6633907 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15638857 | OtherCostOrOtherBasis |
| Depreciation | 10006805 | Depreciation |
| Book Value | 5632052 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5167400 | OtherCostOrOtherBasis |
| Depreciation | 1003005 | Depreciation |
| Book Value | 4164395 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 35119713 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (8 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Sturgis Street Investment | 148681 |
| Sturgis Street Equity Receivable | 252006 |
| Rounding | 3 |
| Fixed Assets Deposit | |
| ESP Cash Reserve | 110333 |
| East Boston Temp Restricted | 697324 |
| Deferred Financing Costs | 1537884 |
| CSR Life Insurance | 1137827 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 20476517 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (9 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| QLICI Loan-USB | $6,000,000 |
| QLICI Loan-UA 2 | $1,600,000 |
| QLICI Loan-UA 1 | $4,400,000 |
| QLICI Loan-MHIC | $4,850,000 |
| QLICI Loan-A1 | $5,526,000 |
| Post Retirement Benefit | $280,000 |
| Interest Rate Swap | $684,958 |
| General Reserve | $319,942 |
| BMC Forgivable Loan | $800,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 24460900 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 103636102 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 103636102 | RevenueSubtotal |
| Total Revenue Per Form990 | 103636102 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 103040861 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 103040861 | ExpensesSubtotal |
| Total Expenses Per Form990 | 103040861 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part X | Identifier |
| Return Reference | Part X : FIN48 Footnote | ReturnReference |
| Explanation | The Center is incorporated under Section 501(c)(3) of the Internal Revenue Code(the "Code") and, accordingly, is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The Center is classified as a public charity. In accordance with generally accepted accounting principles, the Center annually evaluates its tax status and tax positions taken with respect to its operations and financial position.Tax years from 2006 through the current year remain open for examination by Federal and state authorities. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KMC Consulting | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Richard Road | AddressLine1 |
| City | Hopedale | City |
| State | MA | State |
| ZIP Code | 01747 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Gross Receipts | 192450 | GrossReceipts |
| Amount Retained By Contractor | 19245 | AmountRetainedByContractor |
| Net To Organization | 173205 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 192450 | TotalGrossReceipts |
| Total Retained By Contractors | 19245 | TotalRetainedByContractors |
| Total Net To Organization | 173205 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Art of Health Care | NameOfEvent1 |
| Gross Receipts Event1 | 211700 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 211700 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 11381 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 19626 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 31522 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 211700 | GrossReceiptsTotal |
| Gross Revenue Total Events | 211700 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 11381 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 19626 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 31522 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 62529 | DirectExpenseSummaryEvents |
| Net Income Summary | 149171 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg |
|---|---|---|---|---|---|---|
| Timothy Rogers | ||||||
| COO | 255318 | 6500 | 17887 | 279705 | ||
| Stephen Fraser | ||||||
| VP Campus Oper. | 200920 | 5396 | 17663 | 223979 | ||
| Mari Bentley | ||||||
| CMO | 255219 | 6500 | 18294 | 280013 | ||
| Manuel Lopes | ||||||
| CEO | 349197 | 6500 | 18560 | 374257 | ||
| John P Cradock | ||||||
| President | 379326 | 6500 | 18560 | 668459 | 65000 | 199073 |
| James Hazard | ||||||
| CFO | 187517 | 4110 | 17537 | 209164 | ||
| Dr Nadeem Afridi | ||||||
| Practitioner | 207869 | 5405 | 13576 | 226850 | ||
| Dr Jeffrey Shapiro | ||||||
| Practitioner | 266961 | 6500 | 22871 | 296332 | ||
| Dr James Taylor | ||||||
| CMO Emeritas | 249100 | 5000 | 19508 | 436293 | 162685 | |
| Dr James Pedulla | ||||||
| Practitioner | 220347 | 5761 | 22509 | 248617 | ||
| Dr Catherine Silva | ||||||
| Practitioner | 216919 | 5320 | 1966 | 224205 | ||
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Massachusetts Development | ||||||
| B | 043431814 | 2012-09-12 | 10400000 | Attached Note | false | false |
| Massachusetts Development Finance Agency | ||||||
| A | 043431814 | 2006-02-01 | 7564000 | Attached Note | true | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceeds | Refunding EscrowRefundingEscrow | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds |
|---|---|---|---|---|---|---|---|---|---|
| B | 10400000 | 10400000 | 10400000 | 2012 | false | true | true | true | |
| A | 7564000 | 7564000 | 7564000 | true | false | true | true | 164761 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements |
|---|---|---|---|---|
| B | false | false | false | false |
| A | false | false | false | false |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|
| B | true | false | false | false | false |
| A | true | true | false | false | false |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John P Cradock | NamePerson |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $208,110 | OriginalPrincipalAmount |
| Balance Due | 68869 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 68869 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part XI, Line 9 | Other Changes In Net Assets Or Fund Balances - Other Increases | Change in temporarily restricted net assets = $186509 |
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The organization prepares the Form 990 and the related disclosures with assistance and guidance from it's individual tax advisors (CPA firm).The Form 990 is reviewed by the organizations' management team prior to submission to the board of directors and the IRS.The Form 990 is also available on the Massachusetts office of the Attorney General's website. |
| Form 990, Part VI, Line 15b | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | All compensation for the CEO and senior executives are governed and overseen by the Board of Directors. The Board established a Compensation Committee, made up of disinterested trustees, who are given the authority to establish compensation for all senior executives. The Compensation Committee performs annual reviews and approves executive compensation. In order to assist the Committee in its responsibilities, the Compensation Committee hires independent, outside compensation consultants to advise the committee on the reasonableness of the overall executive compensation. The Committee works with these consultants to ensure that all compensation is reasonable, meets all regulatory requirements, and is competitive within the relevant market. |
| Form 990, Part VI, Line 12c | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The organization requires that employees, members and officers of the board of directors and any member of any committee disclose in writing (and update annually) all business and other relationships which might potentially create a conflict of interest as defined by the policy. The written disclosure shall include an itemization of any substantive conflict of interest for such individual by virtue of his or her activities. The conflict of interest policy is reviewed and communicated to ensure individuals with outside relationships do not inappropriately participate in business decisions of the Organization in which they are not independent |
| Form 990, Part VI, Line 11b | Form 990, Part VI, Line 11b: Form 990 Review Process | A copy of the Form 990 is made available to it's governing body for review prior to submission to the Internal Revenue Service through a web site portal. |
| Client Note 1 - In October of 2013,The Center entered into a ten (10)year forgivable loan agreement with Boston Medical Center ("BMC") for $100,000 to support capital improvements to the Center's facilities. The loan bears interest equal to prime rate plus two percent (2%).The principal and interest balance shall be forgiven yearly over the life of the loan. The balance outstanding as of September 30, 2013 is $900,000.In September 2012, the Center entered into an agreement with the Massachusetts Development Finance Agency ("MDFA") to issue $10,400,000 of MDFA Series 2012 Revenue Bonds ("Series 2012 Bonds"), East Boston Neighborhood Health Center Issue, Series 2012 that will mature on September 1,2037.The bonds were issued to in order to finance the construction of a new health center building.Under the terms of a loan and trust agreement (the "Agreement") between the Center, MDFA and TD Banknorth, as trustee, the Center is required to make monthly payments to the trustee in amounts sufficient to pay the scheduled principal and interest requirements of the Series 2012 Bonds through maturity on September 1, 2037. The annual interest rate on the outstanding Series 2012 Bonds is 2.4%. Collateral for the Series 2012 Bonds consists of the Center's accounts receivable. The Agreement also contains various financial and reporting covenants.The Bond payable balance as of September 30, 2013 is $9,774,962.00The Center loaned the proceeds of its new bonds to East Boston Neighborhood Health Center Fund, LLC.("Investment Fund").The Investment Fund then invested in the Qualified Low Income Community Investments CDE #1-#5, LLC("CDE".The CDE used the investment to provide the financing to TMS in five separate loans, totaling $22,376,000 for the construction of the new health center.In February of 2006, the Center entered into an agreement with the Massachusetts Development Finance Agency ("MDFA") to issue $7.564,000 of MDFA Series 1996 Revenue Bonds ("Series 2006 Bonds"), East Boston Neighborhood Health Center Issue, Series 2006 that will mature on July 1, 2026.The bonds were issued to advance refund the Center's outstanding MIFA Series 1996 Revenue Bonds. Under the terms of a loan and trust agreement (the "Agreement") between the Center, MDFA and TD Banknorth, as trustee, the Center is required to make monthly payments to the trustee in amounts sufficient to pay the scheduled principal and interest requirements of the Series 2006 Bonds through maturity on July 1, 2026. The annual interest rate on the outstanding Series 2006 Bond is the LIBOR rate times sixty nine percent (69%)plus one and two hundred seventy-eight thousand percent(1.278%). The interest rate was one and forty-five hundreds percent (1.45%) at September 30, 2013 and 2012. Collateral for the Series 2006 Bonds consists of the Center's accounts receivable. The Agreement also contains various financial and reporting covenants.Concurrent with the Center's loan and trust agreement, the Center entered into a fifteen (15) year interest rate swap agreement (the "Swap") with TD Bank effectively modifying the interest rate under the variable rate instrument to a fixed rate in order to avoid the risk of rising interest rates and to make their borrowing costs more predictable.The interest rate swap,is designed as a cash flow hedge and the activity is reported in other changes changes in net assets.The notional amount is $6,448,600 with a maturity date of February 1, 2021. The fixed rate is $4.825% and the floating rate is 1.437%.Interest expense is recorded at the fixed rate. The swap is outstanding through February 1, 2021, while the debt is outstanding until 2026.The interest rate swap was recorded at fair value as a liability of $684,958 and $999,316 as of September 30,2013 and 2012 respectively.The Bond payable balance as of September 30, 2013 is $5,275,900.00. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Twenty Maverick Square Corp | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Gove Street | AddressLine1 |
| City | East Boston | City |
| State | MA | State |
| ZIP Code | 02128 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272299376 | EIN |
| Primary Activities | Health Center | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Total Income | 425000 | TotalIncome |
| EOY Assets | 25495452 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Twenty-Six Sturgis Street Corp | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26 Sturgis Street | AddressLine1 |
| City | Winthrop | City |
| State | MA | State |
| ZIP Code | 02152 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Elderly Housing | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Exempt Code Section | 501(C)3 | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Comments