SALEM COMMUNITY CORP: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SALEM COMMUNITY CORP (EIN 04-2696489)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201133199349305178
- Schema version
- 2010v3.4
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T12:36:00-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 CROWN COLONY DRIVE SUITE 310 | AddressLine1 |
| City | QUINCY | City |
| State | MA | State |
| ZIP Code | 02169 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042696489 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALEM COMMUNITY CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SALE | NameControl |
| Phone | 5088522670 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01606 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN ZOLTOWSKI | Name |
| Title | CEO | Title |
| Phone | 5088522670 | Phone |
| Date Signed | 2011-11-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA J MORRISON | Name |
| Phone | 6179848100 | Phone |
| Date Prepared | 2011-11-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN ZOLTOWSKI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20138120 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BRIARWOODRETIREMENT.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | PROVIDES HOUSING, HEALTH, WELLNESS AND SUPPORTIVE SERVICES FOR THE ELDERLY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 277 | TotalNbrEmployees |
| Total Nbr Volunteers | 99 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 34705 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 139899 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12103028 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12785030 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 440513 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1194052 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 28032 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12578246 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14147013 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6937139 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7040245 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6779851 | OtherExpensePriorYear |
| Other Expenses Current Year | 6926111 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13716990 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13966356 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1138744 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 180657 | RevenuesLessExpensesCY |
| Total Assets BOY | 44791168 | TotalAssetsBOY |
| Total Assets EOY | 45615440 | TotalAssetsEOY |
| Total Liabilities BOY | 56009915 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 58145402 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -11218747 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -12529962 | NetAssetsOrFundBalancesEOY |
| Mission Description | BRIARWOOD'S MISSION IS TO ENHANCE THE WELL-BEING, INDEPENDENCE AND PERSONAL FULFILLMENT OF ITS RESIDENTS AND OTHER SENIORS BY PROVIDING EXCELLENT HOUSING, HEALTH, WELLNESS AND SUPPORTIVE SERVICES CONSISTENT WITH THE CARING SPIRIT OF THE FOUNDING CHURCHES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12798106 | Expense |
| Revenue | 13672594 | Revenue |
| Description | OPERATION OF AN 82 BED SKILLED NURSING FACILITY AND A 198 UNIT CONTINUING CARE RETIREMENT & ASSISTED LIVING FACILITY | Description |
| Total Program Service Expense | 12798106 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 25 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 277 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICHARD CALVERT CFO | NamePerson |
| Telephone Number | 5088522670 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 BRIARWOOD CIRCLE | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01606 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DAVID DILL | |||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 | |
| ROBERT EVANS | |||||||
| VICE-PRESIDENT | 1.00 | X | X | 0 | 0 | 0 | |
| PAUL WILLIAMS | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| FRANCIS HARVEY JR | |||||||
| CLERK | 1.00 | X | X | 0 | 0 | 0 | |
| ERVA BERG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JANICE BJORK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| NANCY BROWN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT CHASE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DIX DAVIS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELLEN FERRANTE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RODNEY FERRIS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ALLEN KRAUSE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| VALERIE LORING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JULIA MARKS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| PATRICIA KEANE MARTIN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR E MALCOLM PARKINSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARY SCHWARTZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SHARON SMITH VILES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV DR THOMAS MCKIBBENS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV MARK FRYKHOLM | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN ZOLTOWSKI | |||||||
| CEO | 40.00 | X | 150248 | 0 | 21350 | ||
| RICHARD CALVERT | |||||||
| CFO | 40.00 | 103200 | 0 | 7928 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 253448 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 29278 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MJK CARPENTRY | |||||
| PO BOX 60716 | WORCESTER | MA | 01606 | REMODELING | 510540 |
| NORTON ASSOCIATES | |||||
| 24 ELM STREET | COHASSET | MA | 02025 | REHAB SERVICES | 443250 |
| DELPHI CONSTRUCTION | |||||
| 130 OVERLAND ROAD | WALTHAM | MA | 02451 | CONSTRUCTION | 313770 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 139899 | AllOtherContributions |
| Total Contributions | 139899 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROG.SERV.REVENUE-RELA | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 12717381 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12717381 | RelatedOrExemptFunctionIncome |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67649 | TotalRevenueColumn |
| Related Or Exempt Function Income | 67649 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12785030 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 306488 | TotalRevenueColumn |
| Exclusion | $306,488 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6860751 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5896126 | Securities |
| Other | 77061 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 964625 | Securities |
| Other | -77061 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 887564 | TotalRevenueColumn |
| Related Or Exempt Function Income | 887564 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 45952 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 17920 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28032 | TotalRevenueColumn |
| Exclusion | $28,032 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14147013 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13672594 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $334,520 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171598 | Total |
| Program Services | 171598 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5858715 | Total |
| Program Services | 4948389 | ProgramServices |
| Management And General | 910326 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 520626 | Total |
| Program Services | 446318 | ProgramServices |
| Management And General | 74308 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 489306 | Total |
| Program Services | 402944 | ProgramServices |
| Management And General | 86362 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18557 | Total |
| Management And General | 18557 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78697 | Total |
| Management And General | 78697 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123953 | Total |
| Program Services | 123953 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96107 | Total |
| Program Services | 96107 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 292155 | Total |
| Program Services | 292155 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17481 | Total |
| Program Services | 17481 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2400618 | Total |
| Program Services | 2400618 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269 | Total |
| Program Services | 269 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6456 | Total |
| Program Services | 6456 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1405570 | Total |
| Program Services | 1405570 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103554 | Total |
| Program Services | 103554 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| DIETARY | 784760 | 784760 |
| ANCILLARIES | 683318 | 683318 |
| MAINTENANCE | 479326 | 479326 |
| BAD DEBTS | 138290 | 138290 |
| HOUSEKEEPING | 94347 | 94347 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202653 | Total |
| Program Services | 202653 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13966356 | Total |
| Program Services | 12798106 | ProgramServices |
| Management And General | 1168250 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521839 | BOY |
| EOY | 1209 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 629612 | BOY |
| EOY | 961586 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20000 | BOY |
| EOY | 10000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1407356 | BOY |
| EOY | 1934907 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81232 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111963 | BOY |
| EOY | 216029 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 48910340 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15263574 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33889903 | BOY |
| EOY | 33646766 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7491697 | BOY |
| EOY | 7688019 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 637566 | BOY |
| EOY | 1156924 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44791168 | BOY |
| EOY | 45615440 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1508374 | BOY |
| EOY | 1742168 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1786536 | BOY |
| EOY | 1930476 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27283974 | BOY |
| EOY | 27275000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25431031 | BOY |
| EOY | 27197758 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56009915 | BOY |
| EOY | 58145402 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -11999161 | BOY |
| EOY | -13477993 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 780414 | BOY |
| EOY | 457934 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 490097 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -11218747 | BOY |
| EOY | -12529962 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44791168 | BOY |
| EOY | 45615440 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 180657 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1491872 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 47312 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 188471 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 281122 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34705 | CurrentTaxYearMinus1Year |
| Current Tax Year | 167931 | CurrentTaxYear |
| Total | 719541 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11667600 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11778872 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12215399 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12103029 | CurrentTaxYearMinus1Year |
| Current Tax Year | 12785030 | CurrentTaxYear |
| Total | 60549930 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11714912 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11967343 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12496521 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12137734 | CurrentTaxYearMinus1Year |
| Current Tax Year | 12952961 | CurrentTaxYear |
| Total | 61269471 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 242500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15600 | CurrentTaxYearMinus1Year |
| Current Tax Year | 122874 | CurrentTaxYear |
| Total | 380974 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 242500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15600 | CurrentTaxYearMinus1Year |
| Current Tax Year | 122874 | CurrentTaxYear |
| Total | 380974 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 60888497 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 414606 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 619399 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 421360 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 323273 | CurrentTaxYearMinus1Year |
| Current Tax Year | 306488 | CurrentTaxYear |
| Total | 2085126 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 414606 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 619399 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 421360 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 323273 | CurrentTaxYearMinus1Year |
| Current Tax Year | 306488 | CurrentTaxYear |
| Total | 2085126 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -6955 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 128727 | CurrentTaxYearMinus3Years |
| Total | 121772 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12122563 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12715469 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12917881 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12461007 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13259449 | CurrentTaxYear |
| Total | 63476369 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.95920 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.95950 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.03280 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.03340 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 780414 | BeginningOfYearBalance |
| Contributions | 108784 | Contributions |
| Investment Earnings Or Losses | 66275 | InvestmentEarningsOrLosses |
| Other Expenditures | 7442 | OtherExpenditures |
| End Of Year Balance | 948031 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.51700 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.48300 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1819250 | OtherCostOrOtherBasis |
| Book Value | 1819250 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 42155501 | OtherCostOrOtherBasis |
| Depreciation | 12904295 | Depreciation |
| Book Value | 29251206 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3212005 | OtherCostOrOtherBasis |
| Depreciation | 925276 | Depreciation |
| Book Value | 2286729 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1420049 | OtherCostOrOtherBasis |
| Depreciation | 1165156 | Depreciation |
| Book Value | 254893 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 303535 | OtherCostOrOtherBasis |
| Depreciation | 268847 | Depreciation |
| Book Value | 34688 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 33646766 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ENTRANCE DEPOSITS PAYABLE | $22,137,381 |
| FAIR VALUE OF INTEREST RATE SWAP | $2,349,377 |
| REFUNDABLE ENTRANCE FEES | $2,711,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 27197758 | TotalOfAmounts |
| Total Revenue | 14147013 | TotalRevenue |
| Total Expenses | 13966356 | TotalExpenses |
| Excess Or Deficit For Year | 180657 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -704869 | NetUnrealizedGLOnInvestments |
| Other | -$787,003 | OtherAmount |
| Total Adjustments | -1491872 | TotalAdjustments |
| Excess Or Deficit Per FS | -1311215 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 14229147 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -704869 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -704869 | RevenueNotRptdF990 |
| Revenue Subtotal | 14934016 | RevenueSubtotal |
| Other Revenues Not Included | -787003 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -787003 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14147013 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13966356 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13966356 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13966356 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE RESIDENT ASSISTANCE FUND IS RESTRICTED TO HELPING RESIDENTS (NOT IN NH) PAY THEIR BILLS. THE WOODBURY FUND IS RESTRICTED FOR UNANTICIPATED CAPITAL EXPENDITURES. THE LOAN FUND IS RESTRICTED FOR HELPING A RESIDENT THAT MIGHT HAVE THE INCOME TO COVER THE MONTHLY FEE BUT NOT THE CAPITAL TO FUND THE ENTRY. THE STAFF DEVELOPMENT FUND WAS DONATED IN 2008 AND IS TOWARDS STAFF DEVELOPMENT. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | INTEREST RATE SWAP - FMV ADJUSTMENT -787,003. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTEREST RATE SWAP - FMV ADJUSTMENT -787,003. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 45952 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 45952 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 2475 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 6779 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 8666 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 45952 | GrossReceiptsTotal |
| Gross Revenue Total Events | 45952 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 2475 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 6779 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 8666 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 17920 | DirectExpenseSummaryEvents |
| Net Income Summary | 28032 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOHN ZOLTOWSKI | NamePerson |
| Base Compensation Filing Org | 150248 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 21350 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 171598 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
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 | 042608195 | IssuerEIN |
| CUSIP Number | 57583F5P2 | CUSIPNumber |
| Date Issued | 2004-09-01 | DateIssued |
| Issue Price | 28310000 | IssuePrice |
| Description Of Purpose | TO REFUND OUTSTANDING AMOUNT OF PREVIOUS BONDS, PAY OUTSTANDING DEBT, | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 28310000 | TotalProceeds |
| Refunding Escrow | 27106663 | RefundingEscrow |
| Issuance Costs From Proceeds | 1203337 | IssuanceCostsFromProceeds |
| Year Of Subst Completion | 2004 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOVEREIGN BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT WILL REVIEW A DRAFT OF THE FORM 990 UPON PREPARATION AND GIVE APPROVAL BEFORE IT IS FILED. | |
| THE CEO SERVES AS COMPLIANCE OFFICER. ALL SERVICES INVOLVING CONTRACTS WITH THE CORPORATION WILL BE REVIEWED AND APPROVED BY THE CEO. ALL MEMBERS OF THE CORPORATION AND MANAGERS INVOLVED IN CORPORATE PURCHASES, WILL COMPLETE AN ANNUAL DISCLOSURE AND CONFLICT OF INTEREST DOCUMENT TO ASSURE ALL PROFESSIONAL, BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY AFFECT PURCHASING OR SERVICE TO RESIDENTS ARE IDENTIFIED. ANY MEMBER OF THE CORPORATION OF MANAGER IDENTIFIED AS HAVING SUCH A PROFESSIONAL, BUSINESS OR PERSONAL RELATIONSHIP SHALL AT A MINIMUM, BE PROHIBITED FROM VOTING ON CONTRACTS. ISSUES THAT CAN NOT BE RESOLVED ON THE IMMEDIATE OPERATIONAL LEVEL WILL BE REFERRED TO THE ETHICS SUB-COMMITTEE OF THE BOARD'S HEALTH AND WELLNESS COMMITTEE. ISSUES REMAINING SHALL BE REFERRED TO THE BOARD'S EXECUTIVE COMMITTEE FOR A FINAL DECISION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE PROCESS WAS USED IN 2008 TO DETERMINE THE COMPENSATION FOR CEO. | FORM 990, PART VI, SECTION B, LINE 15A | |
| FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -704,869. INTEREST RATE SWAP - FMV ADJUSTMENT -787,003. TOTAL TO FORM 990, PART XI, LINE 5: -1,491,872. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED FOR THE COMMITTEE ASSUMING RESPONSIBILITY. THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. | FORM 990, PART XI, LINE 2C |
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