2012-04-24T07:43:26-05:00 2011-06-30 MCGLADREY & PULLEN LLP 80 CITY SQUARE BOSTON MA 021293742 990 2010-07-01 043461434 COMMUNITY RESOURCES FOR JUSTICE INC COMM 6174822520 355 BOYLSTON STREET BOSTON MA 02116 RICHARD J MCCROSSAN 6174822520 2012-04-24 1 6179129000 2010 2016-02-24 21:20:13Z JOHN J LARIVEE 355 BOYLSTON STREET BOSTON MA 02116 31072226 0 X WWW.CRJUSTICE.ORG X 1999 MA COMMUNITY RESOURCES FOR JUSTICE, INC. OPERATES COMMUNITY BASED CORRECTIONAL, HUMAN SERVICE, RESIDENTIAL, EMPLOYMENT & EDUCATION PROGRAMS FOR ADULT MALES AND FEMALES, JUVENILES AND FAMILIES. THE AGENCY ALSO DEVELOPS AND IMPLEMENTS INNOVATIVE PROGRAMS & SERVICES AS A RESOURCE FOR THE CRIMINAL JUSTICE COMMUNITY & FOR THE GENERAL PUBLIC. 16 16 716 100 0 0 980849 1120415 25135388 28066351 26034 171813 281808 345658 26424079 29704237 0 0 0 0 17072025 19593416 0 0 211033 8953182 9363855 26025207 28957271 398872 746966 24543957 25929306 14011659 13790694 10532298 12138612 X COMMUNITY RESOURCES FOR JUSTICE, INC. OPERATES COMMUNITY BASED CORRECTIONAL, HUMAN SERVICE, RESIDENTIAL, EMPLOYMENT & EDUCATION PROGRAMS FOR ADULT MALES AND FEMALES, JUVENILES AND FAMILIES. THE AGENCY ALSO DEVELOPS AND IMPLEMENTS INNOVATIVE PROGRAMS & SERVICES AS A RESOURCE FOR THE CRIMINAL JUSTICE COMMUNITY & FOR THE GENERAL PUBLIC. 0 0 12044828 15546154 COMMUNITY STRATEGIES, A DIVISION OF COMMUNITY RESOURCES FOR JUSTICE, PROVIDES COMPREHENSIVE COMMUNITY BASED RESIDENTIAL, VOCATIONAL AND CLINICAL SERVICES IN A HIGHLY SUPERVISED THERAPEUTIC ENVIRONMENT TO DUALLY DIAGNOSED INDIVIDUALS WITH BEHAVIORAL CHALLENGES. SINCE ITS INCEPTION IN 1993, THE PROGRAM HAS EVOLVED INTO A SPECIALIZED SERVICE PROVIDER WITH UNIQUE EXPERTISE IN SERVING INDIVIDUALS WITH MENTAL RETARDATION AND PSYCHIATRIC DISORDERS, AS WELL AS THOSE WITH PAST INVOLVEMENT IN THE CRIMINAL JUSTICE SYSTEM. THE GOAL OF COMMUNITY STRATEGIES IS TO PROVIDE THESE INDIVIDUALS WITH THE OPPORTUNITY TO LIVE HAPPILY AND COMFORTABLY WITHIN THE COMMUNITY WHILE MAINTAINING A SAFE, HIGH QUALITY AND COST EFFECTIVE PROGRAM.COMMUNITY STRATEGIES OPERATES TWENTY FOUR HOMES AND VARIOUS SHARED LIVING ARRANGEMENTS IN THE FOLLOWING LOCATIONS: ATHOL, ABINGTON, BELLINGHAM, BROOKFIELD, CARVER, KINGSTON, FRANKLIN, FITCHBURG, TEMPLETON, LEOMINSTER (THREE SITES), MILFORD, MIDDLEBORO, MEDWAY, NORTHBOROUGH, PAXTON, WESTBOROUGH (TWO SITES), WESTMINSTER, WRENTHAM, WENDELL, AND WINCHENDON (TWO SITES) AND SHARED LIVING (VARIOUS HOMES). PRESENTLY, THE PROGRAM'S PRIMARY FUNDING SOURCE IS THE MASSACHUSETTS DEPARTMENT OF DEVELOPMENTAL SERVICES. FUNDING IS ALSO PROVIDED BY THE DEPARTMENT OF MENTAL HEALTH, THE MASSACHUSETTS REHABILITATION COMMISSION AND THE DEPARTMENT OF EDUCATION. COMMUNITY STRATEGIES MAINTAINS THE SAFETY OF OUR INDIVIDUALS AND MEMBERS OF THE COMMUNITY WHILE TEACHING INDIVIDUALS THE SKILLS THEY NEED TO FUNCTION MORE INDEPENDENTLY. WE ARE SUCCESSFUL WHEN INDIVIDUALS LEARN THE NECESSARY SOCIAL AND LIFE SKILLS, HAVE GREATER OPPORTUNITIES FOR INCLUSION IN THE COMMUNITY, GET MEANINGFUL EMPLOYMENT AND REQUIRE LESS EXTERNAL STRUCTURE. WE PROVIDE A CONTINUUM OF SUPPORTS - RANGING FROM GROUP PROGRAMS WITH 24/7 SUPERVISION, THROUGH SHARED LIVING WITH A PROVIDER TO CASE MANAGEMENT WHERE THE INDIVIDUAL LIVES ALONE WITH MINIMAL SERVICES. WE HAVE BEEN SUCCESSFUL IN SUPPORTING INDIVIDUALS MOVE INTO SITUATIONS REQUIRING LESS SUPPORT. IN THE LAST TWO YEARS, WE HAVE PLACED A DOZEN INDIVIDUAL FROM PROGRAMS INTO SHARED LIVING SITUATIONS, AND HAVE SUPPORTED THREE OTHER CLIENTS WHO REQUIRE CASE MANAGEMENT OR ONLY INTERMITTENT SUPERVISION. IN THE LAST TWO YEARS, WE HAVE SEEN A MARKED INCREASE IN THE NUMBER OF INDIVIDUALS WHO HAVE GOTTEN OR MAINTAINED JOBS AND/OR WHO HAVE REQUIRED LESS JOB COACHING TO BE SUCCESSFUL. OUR INDIVIDUALS INCREASINGLY ATTEND COMMUNITY COLLEGE, FORMALLY STUDY FOR THEIR GED, TAKE VOCATIONAL CLASSES AND ATTEND RELIGIOUS STUDY CLASSES. MANY MORE OF OUR INDIVIDUALS HAVE DEVELOPED QUALITY PERSONAL RELATIONSHIPS WITH MEMBERS OF THE COMMUNITY. THIS INCREASED COMMUNITY INVOLVEMENT HAS BEEN ACCOMPANIED BY A HIGH LEVEL OF DEMONSTRATED PROACTIVE SOCIAL SKILLS, COMMUNITY AWARENESS, AND SAFE BEHAVIOR. OUR SUCCESS IN MEETING OUR GOALS HAS BEEN RECOGNIZED BY THE AWARD OF A TWO YEAR LICENSE WITH AN OVERALL RATING OF 99% BY THE DEPARTMENT OF DEVELOPMENTAL SERVICES. 5204584 6476246 CRJ'S ADULT CORRECTIONAL PROGRAMS PROVIDE RESIDENTIAL SERVICES TO MEN AND WOMEN WHO ARE INVOLVED WITH PAROLE AND FEDERAL, STATE, AND COUNTY CORRECTIONAL SYSTEMS. OUR GOAL IS TO ASSIST THESE RESIDENTS TO REENTER THEIR COMMUNITIES AS PRODUCTIVE AND CONTRIBUTING CITIZENS. BASED ON A COMPREHENSIVE ASSESSMENT, OUR PROGRAMS PROVIDE ASSISTANCE WITH TRANSITIONAL ISSUES INCLUDING EMPLOYMENT, HOUSING, ADDICTIONS, FAMILY SUPPORT, COUNSELING AND TREATMENT. WORKING WITH OVER 1,000 RESIDENTS PER YEAR, CRJ'S ADULT PROGRAMS OFFER A BALANCE OF ACCOUNTABILITY AND SERVICE OPTIONS. THE INTENT IS TO ENABLE THESE MEN AND WOMEN TO BREAK OUT OF THE CYCLE OF GANGS, CRIME, AND INCARCERATION, AND CREATE A NEW CYCLE OF PERSONAL RESPONSIBILITY AND POSITIVE COMMUNITY ENGAGEMENT. ALL CRJ PROGRAMS ADHERE TO OUR TREATMENT CULTURE PHILOSOPHY, AND ITS GUIDING PRINCIPLES WHICH APPLY TO STAFF AND CLIENTS ALIKE: WE WELCOME CHANGE; WE LISTEN; WE FOCUS ON BEHAVIOR; AND WE OFFER CHOICES. 2408474 2673160 CRJ'S RESIDENTIAL YOUTH PROGRAMS WORK WITH AT-RISK DELINQUENT YOUTH INVOLVED WITH THE DEPARTMENT OF YOUTH SERVICES, AND AGED-OUT YOUTH INVOLVED WITH THE DEPARTMENT OF CHILDREN AND FAMILIES. OUR EDUCATION SUPPORT AND ENRICHMENT PROGRAM WORKS WITH YOUTH INVOLVED WITH BOTH THE JUVENILE JUSTICE AND FOSTER CARE SYSTEMS. TOGETHER THE PROGRAMS SERVE OVER 500 YOUTH PER YEAR. OUR GOAL IS TO PROVIDE STRENGTH-BASED, GOAL-ORIENTED SERVICES TO ENABLE THESE YOUNG PEOPLE TO DEVELOP AND TO ACHIEVE THEIR FULL POTENTIAL. ALL CRJ PROGRAMS ADHERE TO OUR TREATMENT CULTURE PHILOSOPHY, AND ITS GUIDING PRINCIPLES WHICH APPLY TO STAFF AND CLIENTS ALIKE: WE WELCOME CHANGE; WE LISTEN; WE FOCUS ON BEHAVIOR; AND WE OFFER CHOICES. 2007110 1955603 COMMUNITY STRATEGIES (CS) IS A DIVISION OF COMMUNITY RESOURCES FOR JUSTICE (CRJ) OUT OF BOSTON, MASSACHUSETTS. CS PROVIDES A HIGH QUALITY, CONTINUUM OF COMMUNITY-BASED, INDIVIDUALIZED SERVICES AND SUPPORTS FOR PERSONS WITH SPECIAL PSYCHIATRIC, DEVELOPMENTAL, BEHAVIORAL AND OTHER COMPLEX NEEDS. CS AND COMMUNITY RESOURCES FOR JUSTICE BOTH HAVE EXTENSIVE EXPERIENCE AND STRONG REPUTATIONS IN SUCCESSFULLY SERVING PEOPLE WITH DUAL DIAGNOSIS AND BEHAVIORAL CHALLENGES. THE DRIVING FORCE OF OUR WORK IS TO INCREASE THE LEVEL OF INDEPENDENCE AND QUALITY OF LIFE OF THE PEOPLE WE SERVE, SUPPORT AND ASSIST THEM IN THEIR INCLUSION INTO SOCIETY, AND ONGOING SUCCESS WITHIN THE COMMUNITY. MOST OF OUR CONSUMERS LIVE WITH CHRONIC CONDITIONS AND COMPLEX CHALLENGES THAT SEVERELY LIMIT THEIR ABILITY TO FUNCTION INDEPENDENTLY. THROUGH CS'S MODELS OF CARE, OUR STAFF PROVIDES A BALANCED MIX OF SUPPORT, SUPERVISION, TREATMENT AND PROGRESSIVE FREEDOM, WHICH BUILDS UPON THE STRENGTHS OF OUR CONSUMERS, EMPOWERS THEM WITH CONFIDENCE TO WORK TOWARDS GREATER INDEPENDENCE AND THEIR PERSONAL GOALS, AND PROMOTES THEIR SUCCESSFUL AND CONSTRUCTIVE INCLUSION INTO SOCIETY. OUR EXPERTISE HAS ALLOWED MANY PEOPLE, WHOM WOULD HAVE BEEN LIVING IN INSTITUTIONAL SETTINGS, THE OPPORTUNITY TO LIVE IN THE COMMUNITY IN LESS RESTRICTIVE SETTINGS. OUR SERVICES, WHICH INCLUDE DAY HABILITATION, OUTREACH, 24/7 RESIDENTIAL SUPPORTS, IN HOME-BASED ENHANCED FAMILY CARE SETTINGS, CLINICAL SERVICES (GROUP AND INDIVIDUAL), RESPITE SERVICES, AND A WIDE RANGE OF WRAPAROUND SUPPORTS -- ALL OF WHICH ARE DESIGNED TO BE REALISTIC AND FLEXIBLE, IN A MANNER THAT CAN BE SEAMLESSLY ADJUSTED TO THE ONGOING EVOLUTION OF EACH PERSON AND HIS/HER FAMILY'S NEEDS 1699446 953246 THE CRIME AND JUSTICE INSTITUTE (CJI) AT COMMUNITY RESOURCES FOR JUSTICE OFFERS A TEAM OF EXPERTS WHO PROVIDE NONPARTISAN CONSULTING, POLICY ANALYSIS, AND RESEARCH SERVICES TO IMPROVE PUBLIC SAFETY IN COMMUNITIES THROUGHOUT THE COUNTRY. CJI DEVELOPS AND PROMOTES EVIDENCE-BASED PRACTICES WHICH INFORM PRACTITIONERS AND POLICYMAKERS, INCLUDING CORRECTIONS OFFICIALS, POLICY, COURTS, AND POLITICAL AND COMMUNITY LEADERS TO ASSIST THEM IN MAKING CRIMINAL AND JUVENILE JUSTICE SYSTEMS MORE EFFICIENT AND COST-EFFECTIVE TO PROMOTE ACCOUNTABILITY FOR ACHIEVING BETTER RESULTS.WITH A REPUTATION BUILT OVER MANY DECADES FOR INNOVATIVE THINKING, UNBIASED ISSUE ANALYSIS, AND EFFECTIVE POLICY ADVOCACY, CJI'S STRENGTH LIES IN OUR ABILITY TO BRIDGE THE GAP BETWEEN RESEARCH AND PRACTICE IN PUBLIC INSTITUTIONS AND COMMUNITIES, AND TO PROVIDE EVIDENCE-BASED, RESULTS-DRIVEN RECOMMENDATIONS. WITH OUR CREATIVE, COLLABORATIVE APPROACHES TO TODAY'S MOST PRESSING AND COMPLEX SOCIAL AND PUBLIC SAFETY PROBLEMS, CJI IS IMPROVING PUBLIC SAFETY AND HUMAN SERVICE DELIVERY NATIONWIDE AND IN MASSACHUSETTS. 277110 OTHER PROGRAMS OF COMMUNITY RESOURCES FOR JUSTICE INCLUDE OTHER HUMAN SERVICE TYPE PROGRAMS AS WELL AS RENTAL PROPERTIES AND COMMERCIAL SPACE. 3983666 2908849 23641552 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 186 0 1 716 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X RICHARD J MCCROSSAN 6174822520 355 BOYLSTON STREET BOSTON MA 02116 SCOTT HARSHBARGER 5.00 X X 0 0 0 GERALD K KELLEYESQ 5.00 X X 0 0 0 THOMAS J DESIMONE 5.00 X X 0 0 0 MICHAEL RICHARDS 5.00 X X 0 0 0 STEPHEN C BAZARIAN 5.00 X 0 0 0 TIM CABOT 5.00 X 0 0 0 BRIAN CALLERY 5.00 X 0 0 0 JOSEPH C CARTER 5.00 X 0 0 0 TIZIANA C DEARING 5.00 X 0 0 0 ANNETTE HANSON 5.00 X 0 0 0 ELLEN M LAWTON ESQ 5.00 X 0 0 0 GRACE LEE 5.00 X 0 0 0 JAMES G MARCHETTI 5.00 X 0 0 0 STAN A MCLAREN 5.00 X 0 0 0 PETER PATCH 5.00 X 0 0 0 GERRY MORRISSEY 5.00 X 0 0 0 ELYSE CLAWSON 40.00 X 144532 0 21090 JOHN J LARIVEE - CEO 40.00 X 575031 0 12614 WILLIAM J COUGHLIN 40.00 X 141238 0 18855 ELLEN DONNARUMMA 40.00 X 129544 0 7748 RICHARD J MCCROSSAN 40.00 X 169859 0 11152 PAUL SWINDLEHURST 40.00 X 0 0 0 STEPHEN BURKE 40.00 X 107207 0 8424 ERIC SCHARF 40.00 X 101500 0 19152 1368911 0 99035 7 0 1 0 ACCOUNTING MANAGEMENT SOLUTIONS INC SOUTH STREET WALTHAM MA 02145 CONSULTING-FINANCIAL 132397 MCGLADREY & PULLEN LLP 5155 PAYSHERE CIRCLE CHICAGO IL 60674 AUDITING 105171 JOSEPH AUCOIN PLUMBING & HEATING INC 23 CAVANAUGH ROAD FRAMINGHAM MA 01701 PLUMBING & HEATING 104236 3 65580 1054835 18704 1120415 PROGRAM SERVICE FEES 611710 27604409 27604409 CONSULTING 624100 461942 461942 28066351 149381 149381 331675 331675 331675 331675 1306507 1284075 22432 22432 22432 55322 65580 83914 -28592 -28592 MISCELLANEOUS INCOME 900099 42575 42575 42575 29704237 28108926 0 474896 901983 826283 75700 15019570 12976889 1997472 45209 203324 171333 30307 1684 2279338 1899835 362440 17063 1189201 982671 196591 9939 49066 49066 90924 90924 1988553 1650745 301820 35988 262735 193568 66503 2664 101776 60493 37359 3924 1694562 1340645 351164 2753 962869 760489 195690 6690 563926 506481 57445 827767 778210 48025 1532 275696 185176 89452 1068 SUPPLIES 1559150 1555577 3562 11 ADMINISTRATIVE EXPENSES 546157 372583 167404 6170 DEVELOPMENT EXPENSE 359727 145403 214324 0 FIRE/SECURITY EXPENSES 50450 47056 3326 68 RECRUITMENT 18743 8895 9599 249 11754 5503 5930 321 28957271 23641552 5104686 211033 2021810 1406720 2264367 3015542 362167 454681 25016654 9068080 15486684 15948574 3788967 4812274 619962 291515 24543957 25929306 2286101 2011808 173324 626696 7240000 7100000 2795570 3099826 1516664 952364 14011659 13790694 X 10532298 12117984 20628 10532298 12138612 24543957 25929306 X 746966 859348 X 0 1 1 X 1 1 X 733154 1073511 480718 980849 1175737 4443969 20080021 21966386 22813924 25147799 28066351 118074481 20813175 23039897 23294642 26128648 29242088 122518450 0 0 0 122518450 431745 464542 510365 420793 481056 2308501 431745 464542 510365 420793 481056 2308501 153511 138267 329363 24977 42575 688693 21398431 23642706 24134370 26574418 29765719 125515644 0.97610 0.97470 0.01840 0.01950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2069413 2069413 20853867 7587686 13266181 1591133 1436159 154974 502241 44235 458006 15948574 DEPOSITS AND LONG TERM ACCRUALS 32230 INTEREST RATE SWAP AGREEMENT 920134 952364 29704237 28957271 746966 626742 232606 859348 1606314 30647499 626742 232606 859348 29788151 -83914 -83914 29704237 29041185 83914 83914 28957271 0 28957271 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE AGENCY IS A NON-PROFIT ORGANIZTION GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE AGENCY 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 AGENCY HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE AGENCY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT OBLIGATION 232,606. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT OBLIGATION 232,606. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED WITH REVENUE ON FORM 990, PART VIII, LINE 8B -83,914. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED WITH REVENUE ON FORM 990, PART VIII, LINE 8B 83,914. ANNUAL EVENT 120902 65580 55322 25950 57964 120902 65580 55322 25950 57964 83914 -28592 X X X X 0 1 0 0 0 0 0 0 0 ELYSE CLAWSON 142887 0 0 0 1645 0 5917 0 15173 0 165622 0 0 0 JOHN J LARIVEE - CEO 199383 0 0 0 375648 0 8459 0 4155 0 587645 0 0 0 WILLIAM J COUGHLIN 138860 0 0 0 2378 0 5696 0 13159 0 160093 0 0 0 RICHARD J MCCROSSAN 164882 0 0 0 4977 0 6767 0 4385 0 181011 0 0 0 PART I, LINE 4B THE AGENCY ESTABLISHED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR THE AGENCY'S CEO, WHICH BEGAN BEING FUNDED IN 1997. BETWEEN 1997 AND 2006, THE CEO WAS PAID AN AVERAGE ANNUAL SALARY OF $88,352; DURING THE SAME YEARS, AN AVERAGE OF $44,470 WAS DEFERRED EACH YEAR AND INVESTED IN TWO ANNUITIES FUNDED BY THE PLAN. AS PART OF THIS PLAN, THE ANNUITIES THAT WERE IN THE NAME OF THE AGENCY'S CEO WERE SUBJECT TO THE SUBSTANTIAL RISK OF FORFEITURE SHOULD THE EXECUTIVE TERMINATE EMPLOYMENT BEFORE THE AGE OF 62. DURING FISCAL YEAR 2011, THE BOARD OF DIRECTORS MET AND VOTED TO REMOVE THE SUBSTANTIAL RISK OF FORFEITURE CLAUSE AND THE AGENCY'S CEO ELECTED TO TAKE A DISTRIBUTION OF SUCH FUNDS. THE AMOUNT DISTRIBUTED AND INCLUDED ON THE FORM W-2 TOTALED $367,788. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57583RDT9 2010-04-01 7240000 TO CURRENTLY REFUND PRIOR ISSUE 0 0 0 140000 7240000 7240000 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 RBS CITIZENS NA 15.666600000000 0 0 1 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE TOP FINANCIAL OFFICIAL. ONCE ALL COMMENTS HAVE BEEN ADDRESSED, A COPY OF THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE FOR REVIEW. ONCE APPROVED BY THE FINANCE COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD VIA E-MAIL AND THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CRJ HAS PUBLISHED AND DISSEMINATED TO THE BOARD A DETAILED POLICY REGARDING CONFLICT OF INTEREST AND REVIEWS AND ENFORCES COMPLIANCE WITH THE SAME ON AN ANNUAL BASIS. EACH MEMBER OF THE BOARD HAS A FIDUCIARY RESPONSIBILITY TOWARD CRJ. THIS MEANS THAT BOARD MEMBERS MAY NOT HAVE AN INTEREST, PERSONAL OR BUSINESS, WHICH CONFLICTS WITH THE MISSION AND PURPOSE OF CRJ. IT ALSO MEANS THAT BOARD MEMBERS MUST ACT IN THE BEST INTERESTS OF CRJ WITH A VIEW TO ADVANCING ITS MISSION AND PURPOSE. EACH MEMBER OF THE BOARD MUST EXERCISE CAUTION IN ENTERING INTO ANY BUSINESS RELATIONSHIP WITH CRJ, AND THE BOARD MUST BE CAUTIOUS ABOUT ALLOWING CRJ TO ENTER INTO ANY SUCH RELATIONSHIP. SUCH TRANSACTIONS SHOULD NOT BE CONSUMMATED UNLESS THE BOARD DETERMINES THAT IT IS CLEARLY IN THE BEST INTERESTS OF CRJ. ACCORDINGLY, THE BOARD ADOPTS THE FOLLOWING PROCEDURES REGARDING CONFLICTS OF INTEREST. EACH MEMBER OF THE BOARD SHALL PROVIDE ADDITIONAL WRITTEN DISCLOSURES TO THE BOARD IF AND WHEN ADDITIONAL MATERIAL, FINANCIAL OR OTHER BENEFICIAL INTERESTS DEVELOP, AND IF AND WHEN ANY ADDITIONAL POTENTIAL CONFLICT OF INTEREST DEVELOPS. SUCH DISCLOSURE SHALL BE MADE ANNUALLY IN JUNE AND IN WRITING. SUCH DISCLOSURES SHALL BE MADE A MATTER OF CORPORATE RECORD, REFLECTED IN THE MINUTES OF MEETINGS AND RECORDS OF PROCEEDINGS, AND PROPERLY DISCLOSED IN FEDERAL AND STATE REGULATORY REPORTS. EACH MEMBER OF THE BOARD SHALL ABSTAIN FROM ANY BOARD ACTION OR ACTIVITY WHERE THERE IS A POTENTIAL FOR CONFLICT OF INTEREST. DIRECTORS ARE CONSIDERED TO BE IN A "CONFLICT OF INTEREST" WHENEVER THEY THEMSELVES, OR MEMBERS OF THEIR FAMILY, BUSINESS PARTNERS OR CLOSE PERSONAL ASSOCIATES, MAY PERSONALLY BENEFIT EITHER DIRECTLY OR INDIRECTLY, FINANCIALLY OR OTHERWISE, FROM THEIR POSITION ON THE BOARD. A DIRECTOR IN A CONFLICT OF INTEREST IS AN "INTERESTED PERSON." A CONFLICT OF INTEREST MAY BE "REAL", "POTENTIAL" OR "PERCEIVED", BUT THE SAME DUTY TO DISCLOSE APPLIES TO EACH. FULL DISCLOSURE DOES NOT REMOVE A CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD SHALL ANNUALLY DISCLOSE TO THE GOVERNANCE AND NOMINATIONS COMMITTEE OF THE BOARD ANY POTENTIAL CONFLICT OF INTEREST HE OR SHE MAY HAVE. SUCH DISCLOSURE SHALL IDENTIFY ANY MATERIAL, FINANCIAL OR OTHER BENEFICIAL INTEREST HELD BY THE MEMBER OR BY HIS OR HER IMMEDIATE FAMILY IN ORGANIZATIONS ENGAGED IN THE SAME BUSINESSES OR SERVICES AS CRJ, OR ENGAGED IN THE DELIVERY OF PRODUCTS OR SERVICES TO CRJ. EACH MEMBER OF THE BOARD SHALL PROVIDE ADDITIONAL WRITTEN DISCLOSURES TO THE GOVERNANCE AND NOMINATIONS COMMITTEE IF AND WHEN ADDITIONAL MATERIAL, FINANCIAL OR OTHER BENEFICIAL INTERESTS DEVELOP, AND IF AND WHEN ANY ADDITIONAL POTENTIAL OR ACTUAL CONFLICT OF INTEREST DEVELOPS. FORM 990, PART VI, SECTION B, LINE 15 CRJ PERIODICALLY COMPILES INDUSTRY COMPARABLE SALARIES FOR ITS EXECUTIVE STAFF AND PROVIDES THE SAME TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 626,742. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT OBLIGATION 232,606. TOTAL TO FORM 990, PART XI, LINE 5: 859,348.