2011-08-15T07:24:42-07:00 2010-09-30 990 2009-10-01 237425849 East Boston Neighborhood Health Center Corporation EAST 6175684570 10 Gove Street East Boston MA 02128 John P Cradock 2011-08-15 2009 2016-02-24 21:20:13Z John P Cradock 10 Gove Street East Boston MA 02128 88590166 false false X www.ebnhc.org X 1974 MA 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. 12 12 894 120 0 14888907 15477152 67637211 70096275 245854 221108 1644071 2602332 84416043 88396867 0 0 49632192 51757533 0 0 34091977 32500613 83724169 84258146 691874 4138721 23301329 29310222 16636500 18503670 6664829 10806552 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 false false 38777053 41003111 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. 18567370 24187656 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. 4486012 4905508 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. 61830435 true true false true false false false false false false true true false false false false false false false false false false false false true true false true false false false true false false false false false false false false false true false false false true 36 0 true 894 false false false false false false false false false false false false 0 false false false false false false false false 12 12 false false false false false false false true true false false false true true true true true true true true false false MA X X John P Cradock 6175684570 10 Gove Street East Boston MA 02128 Timothy Rogers 40.00 X 241937 0 21900 Sandra Caggiano 2.00 X 0 0 0 Rosa Dominguez 2.00 X 0 0 0 Robert Driscoll 2.00 X 0 0 0 Rita Sorrento 2.00 X 0 0 0 Officer Daniel Simon 2.00 X 0 0 0 Nancy M Christoff 2.00 X 0 0 0 Manual Lopes 40.00 X 213176 0 22033 John White 2.00 X 0 0 0 John P Cradock 40.00 X 597552 0 22435 Jiaqi Tao 40.00 X 202715 0 7998 Jennifer C Blanco 2.00 X 0 0 0 Jean Staopolli 2.00 X 0 0 0 Frank M Ramirez 2.00 X 0 0 0 DrSeth Schonwald 40.00 X 215593 0 7832 Dr Terry Patinkin 40.00 X 308814 0 23044 Dr Jeffrey Shapiro 40.00 X 257359 0 22045 Dr James Taylor 40.00 X 472737 0 22429 Dr James Pedulla 40.00 X 214828 0 20890 Dr Catherine Silva 0. X 202974 0 24197 Doris Virginia Rubio 2.00 X 0 0 0 Ann Burridge 2.00 X 0 0 0 2927685 194803 76 false true false 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 12 13831525 1645627 15477152 Retail Pharmacy Revenue 446110 4905508 4905508 Health Center NPSR 621400 41003111 41003111 ESP Revenue 621610 24187656 24187656 70096275 148834 148834 0 0 0 265573 193299 72274 72274 72274 0 0 0 Rental Income 623000 253630 253630 Other Program Support 621400 2308698 2308698 Equity in Srurgess Street 623000 40004 40004 2602332 88396867 72770881 148834 0 0 0 0 1250313 1250313 0 39844640 34013764 5830876 759836 673051 86785 7204388 323407 6880981 2698356 2058159 640197 0 310075 310075 132275 132275 82500 82500 0 0 0 46205 570 45635 443479 273887 169592 0 0 5121291 2818736 2302555 123604 25925 97679 0 0 329829 329829 0 2368412 646817 1721595 512017 254882 257135 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 3361584 1703062 1658522 84258146 61830435 22427711 0 5774976 6846428 0 448932 703004 2925697 3863014 195174 168869 0 0 403777 386342 981507 1182567 31021421 16220772 11177661 14800649 0 0 0 0 1393605 1359349 23301329 29310222 9425287 11338409 6550432 6237618 660781 927643 16636500 18503670 X 6664829 10806552 6664829 10806552 23301329 29310222 X true true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 82500 false false 82500 false false 3133334 3133334 766975 621605 145370 14009276 7981606 6027670 10698607 7165229 3533378 2413229 452332 1960897 14800649 Interest Rate Swap 927643 927643 88396867 84258146 4138721 4138721 85636969 85636969 2759898 2759898 88396867 83991284 83991284 266862 266862 84258146 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 X X X X X false false false false false false false false false false Timothy Rogers 241937 6370 15530 263837 Manual Lopes 213176 5802 16231 235209 John P Cradock 351420 75000 171132 6370 16065 619987 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 179242 6370 16059 495166 Dr James Pedulla 214828 5595 15295 235718 Dr Catherine Silva 202974 6370 17827 227171 Massachusetts Development Finance Agency 043431814 2006-02-01 7564000 Attached Note true false 7564000 7564000 164761 false false false true false false false false false true false false false false John P Cradock X 208110 168869 false true true 168869 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. Twenty-Six Sturgis Street Corp 26 Sturgis Street Winthrop MA 02152 Elderly Housing MA 501(C)3 N/A false false false false false false false false true false false false false false false false true false Twenty-Six Sturgis Street Corp q 41165 Twenty-Six Sturgis Street Corp i 399000