2012-05-15T08:08:15-05:00 2011-06-30 MCGLADREY LLP 80 CITY SQUARE CHARLESTOWN MA 02129 990 2010-07-01 042632219 VINFEN CORPORATION VINF 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 RSMI 6174411800 2012-05-15 1 6179129000 2010 2016-02-24 21:20:13Z BRUCE L BIRD 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 101152585 0 X WWW.VINFEN.ORG X 1977 MA VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE. 8 8 2425 10 0 0 101844 212940 93067835 97733071 -77538 664576 143618 1233589 93235759 99844176 0 0 0 0 65177398 70516900 0 0 0 25164722 26036457 90342120 96553357 2893639 3290819 60458954 65916334 35173082 37531940 25285872 28384394 X VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE. 0 0 50946900 59312874 PSYCHIATRIC REHABILITATION SERVICES FOR PERSONS WITH MENTAL ILLNESS/DISABILITES, SUBSTANCE ABUSE, HIV/AIDS AND/OR HAVE DUAL DIAGNOSES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS TRAINING, AND CLUBHOUSE SERVICES. 34559003 38420197 DELIVERS AN ARRAY OF SERVICES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS AND EMPLOYMENT TRAINING, AND SHELTERED WORKSHOPS. 85505903 1 1 0 1 0 0 0 1 0 1 0 0 1 1 1 0 1 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 1 1 1 0 0 0 1 327 0 1 2425 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X GLEN P MATTERA CFO & TREASURER 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 ALLAN R COHEN 1.00 X 0 0 0 JAMES K SCHMIDT 1.00 X 0 0 0 DR RONALD S EBERT 1.00 X 0 0 0 PHILIP A MASON 1.00 X 0 0 0 JAMES E EARLEY 1.00 X 0 0 0 REBECCA A SULLIVAN 1.00 X 0 0 0 DR HENRY WHITE 1.00 X 0 0 0 C ALLEN ASHLEY 1.00 X X 0 0 0 BRUCE L BIRD 40.00 X 353151 0 30925 YI J JUNG 40.00 X 227652 0 30036 ELIZABETH GLASER 40.00 X 147378 0 6197 GLEN P MATTERA 40.00 X 0 0 0 KELLY M DOUGLAS 40.00 X 167682 0 26411 SUSAN C ABBOTT 40.00 X 170358 0 26436 JOHN H LIND 40.00 X 163312 0 24904 JUAN R CONDEMARIN 40.00 X 155007 0 7194 KENNETH S DUCKWORTH 32.00 X 205943 0 25620 GARY S HERCHEK 40.00 X 162098 0 6690 EILEEN C REILLY 40.00 X 153728 0 13113 ELIZABETH B SIMPSON 40.00 X 182236 0 25863 GARY W LAMSON 0.00 X 12038 0 1119 2088545 0 223389 22 0 1 0 EMMAUS INC PO BOX 568 HAVERHILL MA 01830 MENTAL HEALTH SERVICES 410783 CENTER FOR HEALTH 10 WINTER PLACE BOSTON MA 02108 HEALTH CARE 380110 JOHN W CHEFFRO 113 SARATOGA STREET EAST BOSTON MA 02128 PROFESSIONAL 201870 RONALD W CHARETTE 153 VARNUM STREET DRACUT MA 01826 CONSTRUCTION 158825 LUDIN HERNANDEZ LANDSCAPING PO BOX 893 WATERTOWN MA 02472 LANDSCAPING 124974 5 29186 183754 212940 CONTRACT REVENUE 624310 91250364 91250364 CLIENT FEES 624310 5191023 5191023 RENTAL SUBSIDIES 624310 1291684 1291684 97733071 38821 38821 174857 176732 -1875 -1875 -1875 1753900 1128145 625755 625755 625755 30269 29186 3532 26737 26737 MGMT & ADMIN REIMB 900099 1007572 1007572 SALES OF ART WORK 900099 69633 69633 CAFETERIA 722210 26794 26794 104728 104728 1208727 99844176 98941798 0 689438 1995822 1995822 57088992 52826841 4262151 1141644 1015531 126113 5363345 4919318 444027 4927097 4424496 502601 433199 737 432462 66983 66983 2563342 1983696 579646 1700 1700 100293 16076 84217 1164616 779062 385554 8638139 8492320 145819 32272 20084 12188 29781 19663 10118 909161 808146 101015 2688879 1976970 711909 427855 320484 107371 TRANSPORTATION 2003332 1940437 62895 MAINTENANCE, REPAIRS & 1980903 1481597 499306 FOOD/MEALS 1883320 1880208 3112 PROGRAM SUPPLIES 1629929 1508067 121862 STAFF TRAINING/DEVELOPM 1172098 915527 256571 310655 176643 134012 96553357 85505903 11047454 0 2736586 7123873 10117500 10124048 7935690 7425198 1060721 1804620 44300794 14851914 29503713 29448880 581757 583262 8522987 9406453 60458954 65916334 11513369 13107183 18646334 20935400 1854032 1947464 2766582 978165 392765 563728 35173082 37531940 X 24795820 27853581 490052 530813 25285872 28384394 60458954 65916334 X 3290819 -192297 X 0 1 1 X 1 1 X 217472 383539 216994 101844 212940 1132789 83056305 85443507 86115569 93067835 98941798 446625014 83273777 85827046 86332563 93169679 99154738 447757803 0 0 0 447757803 619702 456655 83303 328508 213678 1701846 619702 456655 83303 328508 213678 1701846 30269 30269 83893479 86283701 86415866 93498187 99398685 449489918 0.99610 0.99550 0.00380 0.00450 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: FORM 990, PART VIII, LINE 8(A): SCHEDULE A, PART III, SECTION B, LINE 12: GROSS INCOME FROM FUNDRAISING $30,269 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 2233 0 0 1 18979 1 1116 1 22328 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: VINFEN CORPORATION BELONGS TO SEVERAL LOCAL AND TWO NATIONAL TRADE ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ITS MEMBERS. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES AND AS SUCH NO DETERMINATIVE AMOUNT IS LISTED IN THIS SCHEDULE. 0 1 6230501 6230501 27719047 8593159 19125888 1994874 1214641 780233 8269128 5044114 3225014 87244 87244 29448880 ASSETS WHOSE USE IS LIMITED 3376830 DUE FROM AFFILIATES 5939623 BED LICENSES 90000 9406453 INTEREST RATE SWAP CONTRACT 563728 563728 99844176 96553357 3290819 -192297 -192297 3098522 100043363 18923 18923 100024440 -180264 -180264 99844176 96944841 18923 192297 180264 391484 96553357 0 96553357 PART IV, LINE 2B: VINFEN IS THE REPRESENTATIVE PAYEE FOR MANY INDIVIDUALS THAT VINFEN SERVES. VINFEN RECEIVES BENEFITS ON BEHALF OF THESE INDIVIDUALS AND ADMINISTERS THE DISTRIBUTION OF THESE FUNDS ON THE RESPECTIVE INDIVIDUAL'S FOOD, SHELTER, CLOTHING, PERSONAL SUPPLIES, AND HEALTH CARE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: VINFEN CORPORATION IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. VINFEN IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED INCOME. VINFEN FOLLOWS THE FASB GUIDANCE, ACCOUNTING FOR UNCERTAINTY IN 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 RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURES AND TRANSITION. MANAGEMENT BELIEVES THAT VINFEN HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, VINFEN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP CONTRACTS -192,297. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED IN FORM 990, PART VIII, LINE 6(B) -176,732. FUNDRAISING EXPENSES REPORTED IN FORM 990, PART VIII, LINE 8(B) -3,532. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED IN FORM 990, PART VIII, LINE 6(B) 176,732. FUNDRAISING EXPENSES REPORTED IN FORM 990, PART VIII, LINE 8(B) 3,532. TASTE OF GATEWAY 59455 29186 30269 3507 25 59455 29186 30269 3507 25 3532 26737 X X X X X 1 0 0 0 0 0 0 0 0 BRUCE L BIRD 336093 0 0 0 17058 0 11652 0 19273 0 384076 0 0 0 YI J JUNG 214152 0 0 0 13500 0 7833 0 22203 0 257688 0 0 0 ELIZABETH GLASER 138811 0 0 0 8567 0 0 0 6197 0 153575 0 0 0 KELLY M DOUGLAS 167682 0 0 0 0 0 6085 0 20326 0 194093 0 0 0 SUSAN C ABBOTT 160953 0 0 0 9405 0 5724 0 20712 0 196794 0 0 0 JOHN H LIND 163312 0 0 0 0 0 5830 0 19074 0 188216 0 0 0 JUAN R CONDEMARIN 155007 0 0 0 0 0 5365 0 1829 0 162201 0 0 0 KENNETH S DUCKWORTH 199712 0 0 0 6231 0 7151 0 18469 0 231563 0 0 0 GARY S HERCHEK 162098 0 0 0 0 0 5561 0 1129 0 168788 0 0 0 EILEEN C REILLY 153728 0 0 0 0 0 5365 0 7748 0 166841 0 0 0 ELIZABETH B SIMPSON 182236 0 0 0 0 0 6127 0 19736 0 208099 0 0 0 PART I, LINE 4A YI JUNG, CFO AND TREASURER FROM JULY 1, 2010 THROUGH JANUARY 13, 2011, RECEIVED SEVERANCE PAYMENTS TOTALING $121,250 DURING THE YEAR ENDED JUNE 30, 2011 WHICH IS REPORTED IN THE 2011 FORM W-2. IN ADDITION, VINFEN CORPORATION ACCRUED SEVERANCE PAYMENTS TOTALING $110,686 TO BE PAID TO YI IN FISCAL YEAR 2012. YI ALSO RECEIVED OUTPLACEMENT SERVICES TOTALING $6,000 DURING THE YEAR ENDED JUNE 30, 2012. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 999999999 2010-12-29 8758000 TO REFUND PRIOR BOND ISSUANCES AND TO REFINANCE REAL ESTATE BANK DEBT 0 0 0 5235409 8758000 155021 3367570 2010 1 0 1 1 0 0 0 0 1 1 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A FORMAL REVIEW OF THE IRS FORM 990 IS COMPLETED BY THE BOARD OF DIRECTORS' FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE REVIEWS THE IRS FORM 990, ALL DIRECTORS ARE PROVIDED A COPY AND GIVEN AN OPPORTUNITY OF INPUT PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VINFEN CORPORATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE ANNUALLY OR BI-ANNUALLY TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES AND REVIEWS THE RESPONSES FOR POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS OF VINFEN CORPORATION AND ITS AFIILIATED ENTITIES, AS WELL AS THE SENIOR MANAGEMENT (THE INTERDEPARTMENTAL COUNCIL OR "IDC") AT VINFEN CORPORATION AND AFFILIATES. THE GENERAL COUNSEL REVIEWS THE DISCLOSURE FORMS TO DETERMINE WHICH DIRECTORS OR IDC MEMBERS HAVE DISCLOSED A POTENTIAL CONFLICT. THE CHAIRPERSON OF THE BOARD OF DIRECTORS APPOINTS A COMMITTEE OF DIRECTORS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICT AND/OR PROPOSED BUSINESS TRANSACTION. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE FULL BOARD, WHICH IS VOTED ON ONLY BY THOSE DIRECTORS WITH NO REPORTABLE TRANSACTIONS. FOR POTENTIAL CONFLICTS BY IDC MEMBERS, THE CEO APPOINTS A COMMITTEE OF IDC MEMBERS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICTS AND PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE EXECUTIVE TEAM, WHICH IS VOTED ON ONLY BY THOSE EXECUTIVE TEAM MEMBERS WITH NO REPORTABLE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERIODICALLY ENGAGES THE SERVICES OF AN OUTSIDE COMPENSATION AND BENEFITS CONSULTANT TO DETERMINE THE COMPETITIVENESS OF THE TOTAL COMPENSATION PAID TO CORPORATE OFFICERS AND KEY EMPLOYEES. CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING OF ALL CONPENSATION DECISIONS EXIST, IN THE FORM OF A PERSONAL ACTION FORM, FOR EVERY COMPENSATION ACTION AFFECTING THE POSITIONS LISTED ABOVE, AS IS THE CASE FOR EVERY POSITION AT VINFEN CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 VINFEN CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST BY PAPER OR E-MAIL. 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: LOSS ON INTEREST RATE SWAP CONTRACTS -192,297. TOTAL TO FORM 990, PART XI, LINE 5: -192,297. COMPENSATION OF OFFICERS: FORM 990, PART VII: BRUCE L. BIRD IS COMPENSATED FOR SERVICES PROVIDED TO VINFEN CORPORATION AND AFFILIATES AS CEO & PRESIDENT. BRUCE WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HIS POSITION. YI JUNG WAS COMPENSATED FOR SERVICES PROVIDED TO VINFEN CORPORATION AND AFFILIATES AS TREASURER/CFO (7/1/10-1/12/11). YI WORKED AN AVERAGE OF 40 HOURS PER WEEK IN HER POSITION. ELIZABETH GLASER WAS COMPENSATED FOR SERVICES PROVIDED TO VINFEN CORPORATION AND AFFILIATES AS COO/INTERIM TREASURER (1/13/11-2/27/11). ELIZABETH WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HER POSITION. KELLY M. DOUGLAS IS COMPENSATED FOR SERVICES PROVIDED TO VINFEN CORPORATION AND AFFILIATES AS ASST. CLERK/GENERAL COUNSEL. KELLY WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HER POSITION. JOHN LIND IS COMPENSATED FOR SERVICES PROVIDED TO VINFEN CORPORATION AND AFFILIATES AS VP HOUSING DEVELOPMENT. JOHN WORKS AN AVERAGE OF 40 HOURS PER WEEK IN HIS POSITION. VINFEN COMMUNITY DEVELOPMENT LLC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 261905029 HOUSING - INACTIVE MA BAYSTATE PERFORMANCE SOLUTIONS LLC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043562998 EE ASST. PLAN - INACTIVE MA TRAVIS CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043002220 OUTPATIENT MENTAL HEALTH MA 501(C)(3) LINE 9 1 VINFEN CORPORATION OF CONNECTICUT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 061569439 HUMAN SERVICES CT 501(C)(3) LINE 9 1 VINFEN CORPORATION OF PLAIN INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162655 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 9 1 VINFEN CORPORATION OF FOREST INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162656 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 9 1 VINFEN FOUNDATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 510629896 INACTIVE MA 501(C)(3) LINE 7 1 OLMSTED GREEN SKILLED NURSING FACILITY INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 010892964 INACTIVE MA 501(C)(3) LINE 9 1 VINFEN HOUSING CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 510629866 INACTIVE MA 501(C)(3) LINE 9 1 VINFEN CORPORATION OF LARCHMONT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043546321 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 9 1 VINFEN HOUSING AT OLMSTED GREEN INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 510629861 INACTIVE MA 501(C)(3) LINE 9 1 FAMILY REHABILITATION SERVICES INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043140856 INACTIVE MA 501(C)(3) LINE 9 1 VINFEN CLINICAL SERVICES INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043459194 INACTIVE MA C 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 TRAVIS CORPORATION R 583059 FAIR MARKET VALUE VINFEN CORPORATION OF CONNECTICUT D 845796 FAIR MARKET VALUE VINFEN CORPORATION OF CONNECTICUT P 783221 FAIR MARKET VALUE TRAVIS CORPORATION Q 312801 FAIR MARKET VALUE VINFEN CORPORATION OF CONNECTICUT K 969285 FAIR MARKET VALUE