2012-10-12T08:27:54-05:00 2011-12-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-01-01 042103905 THE BOSTON HOME INC BOST 6178253905 2049 DORCHESTER AVENUE BOSTON MA 02124 MARVA SEROTKIN 6178253905 2012-09-21 1 JOSEPH M GISO MST P00030126 6177610600 2012-09-07 2011 2016-02-24 21:20:13Z MARVA SEROTKIN 2049 DORCHESTER AVENUE BOSTON MA 02124 24761076 0 X WWW.THEBOSTONHOME.ORG X 1881 MA SEE SCHEDULE O 20 20 188 75 363 0 235842 512007 9718568 9558259 2925739 4554435 -37926 8226 12842223 14632927 0 0 0 0 8291052 8323018 0 0 86861 4696472 4399005 12987524 12722023 -145301 1910904 67631183 64307067 17049717 18006709 50581466 46300358 X THE BOSTON HOME, INC. SEEKS TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES, INCLUDING MULTIPLE SCLEROSIS, THROUGH EXCEPTIONAL CLINICAL CARE, COMPASSION AND INNOVATIVE PROGRAMS.THE BOSTON HOME SEEKS TO CONTINUOUSLY EXPAND ITS ROLE AS INDUSTRY LEADER AND CATALYST FOR CHANGE BY CONDUCTING RESEARCH AND TRAINING, EXPORTING OUR COMPETENCIES TO OTHERS IN THE HEALTH CARE COMMUNITY, AND ADDING A STRONG VOICE TO THE PUBLIC POLICY DEBATE ON BEHALF OF ADULTS LIVING WITH DISABILITIES DUE TO PROGRESSIVE NEUROLOGICAL DISEASES. 0 0 11244440 9566485 THE BOSTON HOME, INC. WAS FOUNDED IN 1881 AND IS LOCATED ON A WHEELCHAIR-ENABLED SEVEN-ACRE CAMPUS IN THE DORCHESTER NEIGHBORHOOD OF BOSTON, MASSACHUSETTS. WE ARE A NOT-FOR-PROFIT, SPECIALIZED RESIDENCE AND CENTER FOR CARE FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES INCLUDING MULTIPLE SCLEROSIS. WE HAVE BEEN DESIGNATED A "CENTER FOR EXCELLENCE IN LONG TERM CARE" BY THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND ARE THE ONLY FACILITY OF OUR KIND IN NEW ENGLAND AND ONE OF ONLY A FEW IN THE UNITED STATES. THE BOSTON HOME INSTITUTE ADVANCES STANDARDS FOR CARE THROUGH RESEARCH, EDUCATION AND ADVOCACY. THE BOSTON HOME'S OUTPATIENT WHEELCHAIR SEATING CLINIC BRINGS TOGETHER PHYSICAL THERAPISTS, VENDORS AND ADAPTIVE TECHNOLOGY SPECIALISTS WHO WORK WITH COMPLEX REHABILITATION CLIENTS TO PRESCRIBE, ORDER AND CUSTOMIZE WHEELCHAIRS. B.FIT!, OUR SOCIAL DAY PROGRAM, PROVIDES PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN MAXIMUM LEVELS OF PERSONAL INDEPENDENCE. THE BOSTON HOME'S MOBILITY ENHANCEMENT CENTER (MEC) PROVIDES THE GREATER BOSTON DISABLED COMMUNITY WITH A RESOURCE FOR CUSTOMIZED WHEELCHAIR SOLUTIONS, EMERGENCY WHEELCHAIR REPAIRS AND SERVICE REFERRALS FOR THE MYRIAD OF MOBILITY EQUIPMENT AND TECHNOLOGICAL ADAPTATIONS NOW BEING USED.RESIDENT LIFE PROGRAMS:OUR RESIDENTS RECEIVE EXCEPTIONAL CLINICAL CARE THROUGH INNOVATIVE PROGRAMS DELIVERED IN A FRIENDLY, CARING ENVIRONMENT. WE PROVIDE OUR RESIDENTS WITH COMPREHENSIVE CLINICAL SERVICES FOLLOWING A PRO-ACTIVE PLAN OF CARE DESIGNED TO IMPROVE FUNCTION, WHENEVER POSSIBLE, AND TO PROMOTE A HIGH QUALITY OF LIFE. OUR RESIDENTS HAVE ACCESS TO THE LATEST IN ADVANCED ADAPTIVE TECHNOLOGIES TO SUPPORT INDEPENDENCE AND CREATIVITY AND AN ON-SITE ADAPTIVE TECHNOLOGY SPECIALIST OFFERING CUSTOMIZED SOLUTIONS FOR EACH OF OUR RESIDENTS. WE SUPPLEMENT OUR CLINICAL CARE WITH CREATIVE WELLNESS ACTIVITIES AND SPIRITUALITY PROGRAMS DESIGNED TO MEET EVERYONE'S NEEDS. OUR RESIDENTS CAN CHOOSE FROM A DAILY MENU OF STIMULATING AND ENGAGING ACTIVITIES AND EVENTS, INCLUDING VARIOUS GROUP ACTIVITIES AND OUTINGS TO THEATER, MUSEUMS, CIVIC EVENTS, LOCAL SHOPS AND RESTAURANTS.OUTPATIENT SERVICES:MANY INDIVIDUALS IN THE LOCAL COMMUNITY, WITH CONDITIONS SIMILAR TO THOSE OF OUR RESIDENTS, COME TO US FOR WELLNESS, SOCIALIZATION, PHYSICAL THERAPY, AND WHEELCHAIR ASSESSMENT PROGRAMS. THE B.FIT! PROGRAM IS ONE OF OUR MANY INNOVATIVE EFFORTS INVOLVING DAILY PHYSICAL AND MENTAL EXERCISE. B.FIT! IS AN INNOVATIVE OUTPATIENT DAY PROGRAM AT THE BOSTON HOME FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES, INCLUDING MULTIPLE SCLEROSIS, AND IS CO-SPONSORED BY THE NATIONAL MULTIPLE SCLEROSIS SOCIETY, CENTRAL NEW ENGLAND.THE GOAL OF B.FIT! IS TO PROVIDE PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN MAXIMUM LEVELS OF PERSONAL INDEPENDENCE. THIS IS ACCOMPLISHED THROUGH ACTIVE EXERCISE PROGRAMS; PROVIDING STRATEGIES FOR MAINTAINING MEMORY AND COGNITIVE ABILITIES; PROMOTING PARTICIPANTS' WELLNESS THROUGH PEER SUPPORT, SOCIALIZATION, AND EDUCATION; AND OFFERING INFORMATION ABOUT HEALTH MANAGEMENT.SPECIALTY SERVICES:WE PROVIDE COMPLETE PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES, THROUGH PHYSICIAN REFERRALS, ALONG WITH ASSISTIVE TECHNOLOGY SERVICES. 11244440 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 188 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X FRAN R MURPHY III CFO 6178253905 2049 DORCHESTER AVENUE BOSTON MA 02124 KAREN QUIGLEY 1.00 X X 0 0 0 JOHN F HANNON 1.00 X X 0 0 0 MARY BECKMAN 1.00 X 0 0 0 ROBIN ATLAS MD 1.00 X 0 0 0 CINDY BAGLEY 1.00 X 0 0 0 JANE T BARRY 1.00 X 0 0 0 JONATHAN M BOCKIAN 1.00 X 0 0 0 HOLLY G BURNES 1.00 X 0 0 0 ELIZABETH COLBURN-MORAITES 1.00 X 0 0 0 DEBRA FRANKEL 1.00 X 0 0 0 RANDOLPH G HAWTHORNE 1.00 X 0 0 0 ARTHUR D HINDMAN 1.00 X 0 0 0 MERIBETH MCKENZIE MACDONALD 1.00 X 0 0 0 DAVID PILGRIM MD 1.00 X 0 0 0 KURT A ROCKSTROH 1.00 X 0 0 0 PATRICIA A ROSS 1.00 X X 0 0 0 JAMES SEIDE 1.00 X 0 0 0 JOHN V WOODARD 1.00 X 0 0 0 MAUREEN FEENEY 1.00 X 0 0 0 RONALD ROSENBERG 1.00 X 0 0 0 JOSEFINA MARTINEZ STAMATOS 1.00 X 0 0 0 MARVA SEROTKIN 40.00 X 168406 0 13513 FRANCIS R MURPHY III 40.00 X 88149 0 5938 CYNTHIA WALSH 40.00 X 110015 0 8362 HELEN HALL 40.00 X 107211 0 8062 473781 0 35875 3 0 1 0 BRAINTREE REHABILITATION HOSPITAL 250 POND STREET BRAINTREE MA 02184 REHABILITATION SERVICES 464686 PEGASUS SOLUTIONS INC 48 MYRTLE STREET NORFOLK MA 02056 BILLING & ACCOUNTING SUPPORT 123428 2 37470 474537 512007 PATIENT REVENUE 623000 8506851 8506851 MEDICARE REVENUE 623000 1051408 1051408 9558259 776489 363 776126 13906095 10128149 3777946 3777946 3777946 DAY PROGRAM REVENUE 623000 8226 8226 8226 14632927 9566485 363 4554072 172827 172827 6988316 6581010 345700 61606 13826 33319 -19493 632373 549655 80593 2125 515676 475911 35143 4622 19886 19886 55328 55328 27850 27850 101824 101824 1141124 887371 253753 2061 875 1186 19732 19732 119347 119347 308451 308451 13456 13456 2329 2329 789350 789350 766430 766430 74575 74575 SUPPLIES 861355 822824 38531 BAD DEBT 31971 31971 EQUIPMENT RENTAL 17015 17015 PRINTING & PUBLICATIONS 15534 541 14993 31387 -1852 33239 12722023 11244440 1390722 86861 1073629 744374 48711 54196 99175 869670 774353 158156 279995 22324047 9526570 13195836 12797477 27618709 15733078 24448439 33603515 218033 220904 67631183 64307067 729988 1091651 14465000 14020000 29113 1825616 2895058 17049717 18006709 X 43670307 39511492 6335749 6212123 575410 576743 50581466 46300358 67631183 64307067 X 1910904 -6192012 X 0 1 1 X 0 X 197585 272464 127557 235842 512007 1345455 9467032 9988866 9899145 9718568 9558259 48631870 7444 17054 6993 7356 8226 47073 9672061 10278384 10033695 9961766 10078492 50024398 20991 25700 12170 14780 16455 90096 47335 49944 49496 49445 48629 244849 68326 75644 61666 64225 65084 334945 49689453 1808721 1845306 1001567 797594 776489 6229677 1808721 1845306 1001567 797594 776489 6229677 3829 12221 12826 28876 11484611 12135911 11048088 10759360 10854981 56282951 0.88290 0.87910 0.11070 0.12030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 27850 0 0 27850 0 PART IV, SUPPLEMENTAL INFORMATION: PART II-B, LINE 1(G): TBH UTILIZES LOBBYIST ROBERT WHITE ASSOCIATES TO HELP WITH STATE SPECIAL RATE LEGISLATION AND CONSULTANT MARY GEARY-SALGADO TO HELP RUN THE TBH INSTITUTE. IN CALENDAR 11, THE AMOUNT PAID TO ROBERT WHITE ASSOCIATES DESIGNATED AS LOBBYING WAS $24,000. THE AMOUNT PAID TO MARY GEARY-SALGADO DESIGNATED AS LOBBYING WAS $3,170. IN ADDITION, TBH PAYS DUES TO THE AMERICAN HEALTH CARE ASSOCIATION AND THE MASSACHUSETTS SENIOR CARE ASSOCIATION, A PORTION OF WHICH MAY BE ATTRIBUTABLE TO LOBBYING. AMOUNTS ATTRIBUTABLE TO LOBBYING ARE $534 AND $146 RESPECTIVELY. 52067148 296585 -675504 2565522 49122707 49869144 5585058 3142751 244303 52067148 45732112 360963 7280860 3504791 49869144 47757045 -2024933 45732112 0.86620 0.01170 0.12210 0 0 50200 50200 20233299 8340900 11892399 1401927 950791 451136 638621 234879 403742 12797477 MUTUAL FUNDS 17257049 F ALTERNATIVE INVESTMENTS 16346466 F 33603515 LOAN AQUISITION COST, NET 220904 220904 ACCOUNTS HELD IN TRUST FOR RESIDENTS 51756 INTEREST RATE SWAP VALUE 2843302 2895058 14632927 12722023 1910904 -5128115 -1063897 -6192012 -4281108 9504812 -5128115 -5128115 14632927 0 14632927 13785920 1063897 1063897 12722023 0 12722023 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUPPORT OPERATIONS AS DEFINED IN THE PROGRAM STATEMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE BOSTON HOME ("TBH") IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. GIVEN THE LIMITED TAXABLE ACTIVITIES OF THE HOME, MANAGEMENT CONCLUDED THAT DISCLOSURES RELATIVE TO TAX PROVISIONS ARE NOT NECESSARY. TBH ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. TBH HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, TBH HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE HOME IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP AGREEMENT -1,063,897. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP AGREEMENT 1,063,897. X X 0 0 0 0 0 0 0 0 0 MARVA SEROTKIN 168406 0 0 0 0 0 2898 0 10615 0 181919 0 0 0 ORGANIZATION MISSION STATEMENT FORM 990, PART I, LINE 1 FOUNDED IN 1881, THE BOSTON HOME IS A NOT-FOR-PROFIT, SPECIALIZED RESIDENCE AND CENTER FOR CARE FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES INCLUDING MULTIPLE SCLEROSIS. WE HAVE BEEN DESIGNATED A "CENTER FOR EXCELLENCE IN LONG TERM CARE" BY THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND ARE THE ONLY FACILITY OF OUR KIND IN NEW ENGLAND AND ONE OF ONLY A FEW IN THE UNITED STATES. THE BOSTON HOME INSTITUTE ADVANCES STANDARDS FOR CARE THROUGH RESEARCH, EDUCATION AND ADVOCACY. THE BOSTON HOME'S OUTPATIENT WHEELCHAIR SEATING CLINIC BRINGS TOGETHER PHYSICAL THERAPISTS, VENDORS AND ADAPTIVE TECHNOLOGY SPECIALISTS WHO WORK WITH COMPLEX REHABILITATION CLIENTS TO PRESCRIBE, ORDER AND CUSTOMIZE WHEELCHAIRS. B.FIT!, OUR SOCIAL DAY PROGRAM, PROVIDES PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN MAXIMUM LEVELS OF PERSONAL INDEPENDENCE. THE BOSTON HOME'S MOBILITY ENHANCEMENT CENTER (MEC) PROVIDES THE GREATER BOSTON DISABLED COMMUNITY WITH A RESOURCE FOR CUSTOMIZED WHEELCHAIR SOLUTIONS, EMERGENCY WHEELCHAIR REPAIRS AND SERVICE REFERRALS FOR THE MYRIAD OF MOBILITY EQUIPMENT AND TECHNOLOGICAL ADAPTATIONS NOW BEING USED. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT THE BOSTON HOME IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE ANNUAL STATEMENTS WILL BE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IF AN INDIVIDUAL IS FOUND TO HAVE A POTENTIAL CONFLICT, THAT PERSON IS BARRED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE CONFLICTING MATTER. PERIODIC REVIEWS; TO ENSURE THAT THE BOSTON HOME OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND ARE THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE BOSTON HOME'S CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. USE OF OUTSIDE EXPERTS: IN CONDUCTING THE PERIODIC REVIEWS PROVIDED FOR IN ARTICLE VII, THE BOSTON HOME MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT SUB-COMPONENT OF THE BOARD OF DIRECTORS (COMPENSATION COMMITTEE) MEETS ANNUALLY TO REVIEW AND PROVIDE RECOMMENDATIONS ON THE COMPENSATION PACKAGES OF THE ORGANIZATION'S OFFICERS, TOP MANAGEMENT OFFICIAL, AND KEY EMPLOYEES. IN ALL CASES, COMPENSATION IS SET BY INDEPENDENT PERSONS USING COMPARABILITY DATA WHERE APPLICABLE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS KEPT. FORM 990, PART VI, SECTION C, LINE 19 OUR FORMS 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US. WE ALSO MAKE OUR FORM 990, FORM 1023, FORM 990-T, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,128,115. LOSS ON INTEREST RATE SWAP AGREEMENT -1,063,897. TOTAL TO FORM 990, PART XI, LINE 5: -6,192,012.