NEIGHBORHEALTH CORPORATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- NEIGHBORHEALTH CORPORATION (EIN 23-7425849)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-15
- IRS object ID
- 201102279349300640
- Schema version
- 2009v1.7
- 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 J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-15T07:24:42-07:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | 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 | 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 | John P Cradock | Name |
| Title | President & CEO | Title |
| Date Signed | 2011-08-15 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | 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 | 88590166 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| 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 provides medical, radiological, and laboratory services in a community setting, and develops and promotes research programs aimed at the prevention, detection, and treatment of common chronic medical conditions. The center also participates in a Program of All-Inclusive Care for the Elderly ("PACE") commonly referred to as the Elder Service Plan ("ESP"). which is dually administered by the Medicare and Medicaid programs. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 894 | TotalNbrEmployees |
| Total Nbr Volunteers | 120 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 14888907 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 15477152 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 67637211 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 70096275 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 245854 | InvestmentIncomePriorYear |
| Investment Income Current Year | 221108 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1644071 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2602332 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 84416043 | TotalRevenuePriorYear |
| Total Revenue Current Year | 88396867 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 49632192 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 51757533 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 34091977 | OtherExpensePriorYear |
| Other Expenses Current Year | 32500613 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 83724169 | TotalExpensesPriorYear |
| Total Expenses Current Year | 84258146 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 691874 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4138721 | RevenuesLessExpensesCY |
| Total Assets BOY | 23301329 | TotalAssetsBOY |
| Total Assets EOY | 29310222 | TotalAssetsEOY |
| Total Liabilities BOY | 16636500 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18503670 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6664829 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10806552 | 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 | 38777053 | Expense |
| Revenue | 41003111 | Revenue |
| Description | In Fiscal Year 2010 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 in excess of 250 thousand patient visits during the year ending September 30,2010. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 18567370 | Expense |
| Revenue | 24187656 | Revenue |
| Description | The Elder Service Plan ("ESP") continued to provide all inclusive care for the elderly during the year, the organization provided direct care of over 3,500 thousand member months for its particpants for the period ending September 30,2010. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4486012 | Expense |
| Revenue | 4905508 | Revenue |
| Description | The Retail Pharmacy provides onsite prescription medication exclusive to health center patients only. During the period ending September 30, 2010, the organization filled in excess of 238 thousand prescriptions to its patients. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 61830435 | 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 |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | 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 | false | ProfessionalFundraising |
| Fundraising Activities | false | 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 | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 36 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 894 | NumberOfEmployees |
| Employment Tax Returns Filed | false | 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 |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| 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 |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | 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 |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| 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 |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John P Cradock | 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 (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Timothy Rogers | ||||||||
| COO | 40.00 | X | 241937 | 0 | 21900 | |||
| Sandra Caggiano | ||||||||
| Assistant Clerk | 2.00 | 0 | 0 | 0 | X | |||
| Rosa Dominguez | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| Robert Driscoll | ||||||||
| Treasurer | 2.00 | 0 | 0 | 0 | X | |||
| Rita Sorrento | ||||||||
| President | 2.00 | 0 | 0 | 0 | X | |||
| Officer Daniel Simon | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| Nancy M Christoff | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| Manual Lopes | ||||||||
| Deputy CEO | 40.00 | 213176 | 0 | 22033 | X | |||
| John White | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| John P Cradock | ||||||||
| President & CEO | 40.00 | X | 597552 | 0 | 22435 | |||
| Jiaqi Tao | ||||||||
| CFO | 40.00 | X | 202715 | 0 | 7998 | |||
| Jennifer C Blanco | ||||||||
| Clerk | 2.00 | 0 | 0 | 0 | X | |||
| Jean Staopolli | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| Frank M Ramirez | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| DrSeth Schonwald | ||||||||
| Practitioner | 40.00 | 215593 | 0 | 7832 | X | |||
| Dr Terry Patinkin | ||||||||
| Practitioner | 40.00 | 308814 | 0 | 23044 | X | |||
| Dr Jeffrey Shapiro | ||||||||
| Practitioner | 40.00 | 257359 | 0 | 22045 | X | |||
| Dr James Taylor | ||||||||
| CMO | 40.00 | X | 472737 | 0 | 22429 | |||
| Dr James Pedulla | ||||||||
| Practitioner | 40.00 | 214828 | 0 | 20890 | X | |||
| Dr Catherine Silva | ||||||||
| Practitioner | 0. | 202974 | 0 | 24197 | X | |||
| Doris Virginia Rubio | ||||||||
| Vice President | 2.00 | 0 | 0 | 0 | X | |||
| Ann Burridge | ||||||||
| Director | 2.00 | 0 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2927685 | TotalReportableCompFromOrg |
| Total Other Compensation | 194803 | TotalOtherCompensation |
| Number Individuals GT100 K | 76 | 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 |
|---|---|---|---|---|---|
| McGarr Services | |||||
| PO Box 670139 | Chesnut Hill | MA | 02467 | Cleaning Services | 566990 |
| Longwood Security | |||||
| Two Brookline Place | Brookline | MA | 02445 | Security Services | 395418 |
| Isgenuity LLC | |||||
| 633 Highland Avenue | Needham | MA | 02494 | Architects | 725389 |
| Epic Systems | |||||
| 1779 Milky Way | Milwuakee | WI | 53288 | Technical Support | 768140 |
| Eaton Apothecary Offices | |||||
| PO Box 6880 | Holliston | MA | 01746 | Pharmacy Services | 2390602 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Government Grants | 13831525 | GovernmentGrants |
| All Other Contributions | 1645627 | AllOtherContributions |
| Total Contributions | 15477152 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Retail Pharmacy Revenue | 446110 | 4905508 | 4905508 |
| Health Center NPSR | 621400 | 41003111 | 41003111 |
| ESP Revenue | 621610 | 24187656 | 24187656 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 70096275 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 148834 | TotalRevenueColumn |
| Exclusion | $148,834 | 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 | 265573 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 193299 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 72274 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72274 | TotalRevenueColumn |
| Related Or Exempt Function Income | 72274 | RelatedOrExemptFunctionIncome |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
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 | 253630 | 253630 |
| Other Program Support | 621400 | 2308698 | 2308698 |
| Equity in Srurgess Street | 623000 | 40004 | 40004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2602332 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88396867 | TotalRevenueColumn |
| Related Or Exempt Function Income | 72770881 | RelatedOrExemptFunctionIncome |
| Exclusion | $148,834 | 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 | 1250313 | Total |
| Management And General | 1250313 | 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 | 39844640 | Total |
| Program Services | 34013764 | ProgramServices |
| Management And General | 5830876 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 759836 | Total |
| Program Services | 673051 | ProgramServices |
| Management And General | 86785 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7204388 | Total |
| Program Services | 323407 | ProgramServices |
| Management And General | 6880981 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2698356 | Total |
| Program Services | 2058159 | ProgramServices |
| Management And General | 640197 | 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 | 310075 | Total |
| Management And General | 310075 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132275 | Total |
| Management And General | 132275 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82500 | Total |
| Program Services | 82500 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
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 | 46205 | Total |
| Program Services | 570 | ProgramServices |
| Management And General | 45635 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 443479 | Total |
| Program Services | 273887 | ProgramServices |
| Management And General | 169592 | ManagementAndGeneral |
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 | 5121291 | Total |
| Program Services | 2818736 | ProgramServices |
| Management And General | 2302555 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123604 | Total |
| Program Services | 25925 | ProgramServices |
| Management And General | 97679 | ManagementAndGeneral |
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 | 329829 | Total |
| Management And General | 329829 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2368412 | Total |
| Program Services | 646817 | ProgramServices |
| Management And General | 1721595 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 512017 | Total |
| Program Services | 254882 | ProgramServices |
| Management And General | 257135 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Professional & Contract Serv. | 1917925 | 1283456 | 634469 |
| Medical Supplies | 5841671 | 5841671 | |
| Institutional cost for ESP | 4962173 | 4962173 | |
| Contract/Temp Services | 3468641 | 3389443 | 79198 |
| Bad Debt | 3478932 | 3478932 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3361584 | Total |
| Program Services | 1703062 | ProgramServices |
| Management And General | 1658522 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84258146 | Total |
| Program Services | 61830435 | ProgramServices |
| Management And General | 22427711 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5774976 | BOY |
| EOY | 6846428 | 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 | 448932 | BOY |
| EOY | 703004 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2925697 | BOY |
| EOY | 3863014 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195174 | BOY |
| EOY | 168869 | 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 | 403777 | BOY |
| EOY | 386342 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 981507 | BOY |
| EOY | 1182567 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 31021421 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16220772 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11177661 | BOY |
| EOY | 14800649 | 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 | 1393605 | BOY |
| EOY | 1359349 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23301329 | BOY |
| EOY | 29310222 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9425287 | BOY |
| EOY | 11338409 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6550432 | BOY |
| EOY | 6237618 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 660781 | BOY |
| EOY | 927643 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16636500 | BOY |
| EOY | 18503670 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6664829 | BOY |
| EOY | 10806552 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6664829 | BOY |
| EOY | 10806552 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23301329 | BOY |
| EOY | 29310222 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 | $82,500 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 82500 | 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 | 3133334 | OtherCostOrOtherBasis |
| Book Value | 3133334 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 766975 | OtherCostOrOtherBasis |
| Depreciation | 621605 | Depreciation |
| Book Value | 145370 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14009276 | OtherCostOrOtherBasis |
| Depreciation | 7981606 | Depreciation |
| Book Value | 6027670 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10698607 | OtherCostOrOtherBasis |
| Depreciation | 7165229 | Depreciation |
| Book Value | 3533378 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2413229 | OtherCostOrOtherBasis |
| Depreciation | 452332 | Depreciation |
| Book Value | 1960897 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14800649 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Interest Rate Swap | Description |
| Amount | $927,643 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 927643 | TotalOfAmounts |
| Total Revenue | 88396867 | TotalRevenue |
| Total Expenses | 84258146 | TotalExpenses |
| Excess Or Deficit For Year | 4138721 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 4138721 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 85636969 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 85636969 | RevenueSubtotal |
| Other Revenues Not Included | 2759898 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2759898 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 88396867 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 83991284 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 83991284 | ExpensesSubtotal |
| Other Expenses Not Included | 266862 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 266862 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 84258146 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X | Part X : FIN48 Footnote | 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. |
| Part XIII, Line 4b | Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Loss on Interest Rate Swap $266862 $0 |
| Part XII, Line 4b | Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Equity on Sturgis Street $40004 Interest Income $31827 Gain on Sale of Property & Equipment $72274 Grant Revenue for Capital Exepnditure $2518926 Gain on Life Insurance CSR $96867 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| 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 (10 entries)
| 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 | |||||
| 241937 | 6370 | 15530 | 263837 | ||
| Manual Lopes | |||||
| 213176 | 5802 | 16231 | 235209 | ||
| John P Cradock | |||||
| 351420 | 6370 | 16065 | 619987 | 75000 | 171132 |
| Jiaqi Tao | |||||
| 202715 | 5278 | 2720 | 210713 | ||
| DrSeth Schonwald | |||||
| 215593 | 5384 | 2448 | 223425 | ||
| Dr Terry Patinkin | |||||
| 308814 | 6370 | 16674 | 331858 | ||
| Dr Jeffrey Shapiro | |||||
| 257359 | 6370 | 15675 | 279404 | ||
| Dr James Taylor | |||||
| 293495 | 6370 | 16059 | 495166 | 179242 | |
| Dr James Pedulla | |||||
| 214828 | 5595 | 15295 | 235718 | ||
| Dr Catherine Silva | |||||
| 202974 | 6370 | 17827 | 227171 | ||
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Massachusetts Development Finance Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| Date Issued | 2006-02-01 | DateIssued |
| Issue Price | 7564000 | IssuePrice |
| Description Of Purpose | Attached Note | DescriptionOfPurpose |
| Defeased | true | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 7564000 | TotalProceeds |
| Amount Defeased | 7564000 | AmountDefeased |
| Issuance Costs From Proceeds | 164761 | IssuanceCostsFromProceeds |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Regulatory Safe Harbor Satisfied | false | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
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 | 168869 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 168869 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 11 | Form 990, Part VI, Line 11: 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 Note1 | IIn 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 plus one and three-tenths percent (1.3%). 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 Banknorth 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, which is deemed effective, is designed as a cash flow hedge and the activity is reported in the statement of activities. The fixed interest rate of the swap agreement was 4.825% as of September 30, 2010 and 2009. 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 $927,643 and $660,781 as of September 30,2010 and 2009 respectively.The Bond payable balance as of September 30, 2010 is $6,237,618.00. |
Schedule R IRS990ScheduleR
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 |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| 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 |
| 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 | true | 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 | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Twenty-Six Sturgis Street Corp | |
| q | 41165 |
| Twenty-Six Sturgis Street Corp | |
| i | 399000 |
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