2024-08-14T23:01:44-05:00 2023-09-30 346565596 Ernst & Young LLP 1 Manhattan West New York NY 10001 990 2022-10-01 043323330 CHB Properties Inc CHBP 6173556000 300 Longwood Avenue Boston MA 02115 Doug Vanderslice Treasurer 6173556000 2024-08-08 1 1 Nicole Sokolowski P01683199 2127733000 2022 2024-08-08 14:25:15Z Kevin B Churchwell MD 300 Longwood Avenue Boston MA 02115 6108577 0 X N/A X 1996 MA Maintains and operates ambulatory care satellite properties for Children's Hospital and other 3rd party leases. 4 1 0 0 0 0 0 0 0 0 0 0 951294 -292670 951294 -292670 0 0 0 0 0 0 0 0 0 0 0 0 0 951294 -292670 44614963 207543701 33042225 196263633 11572738 11280068 CHB Properties maintains and operates ambulatory care satellite properties for use by The Children's Hospital Corporation and its affiliated entities. 0 0 0 0 -292671 CHB Properties, Inc. (formerly known as Children's Extended Care Center) maintains and operates ambulatory care satellite properties in Peabody, Massachusetts. This organization leases space to Children's Hospital clinics and other healthcare organizations to provide healthcare services to children and others in these cities and surrounding communities. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X Doug Vanderslice Treasurer & CFO 6173556000 300 Longwood Avenue Boston MA 02115 X Kevin Churchwell MD President & Trustee 1.00 60.00 X X 0 3239502 125802 Douglas Vanderslice Treasurer, CFO & Trustee 1.00 60.00 X X 0 1981768 75202 Michele Garvin Esq Secretary & Trustee 1.00 60.00 X X 0 1698464 45408 Douglas Berthiaume Chairman 0.00 10.00 X 0 0 0 Sandra Fenwick Former President & Trustee 0.00 0.00 X 0 958796 0 0 7878530 246412 0 1 1 0 Turner Construction Company Two Seaport Lane Boston MA 02210 Construction Services 4500115 Securitas Security Services USA Inc 77 Summer Street Boston MA 02110 Security Services 1388014 Wise Construction 21 East Street Winchester MA 01890 Construction Services 443151 Payette Associates Inc 290 Congress Street Boston MA 02210 Architecture Services 262136 Cox Engineering Co 21 Pacella Park Drive Randolph MA 02368 HVAC Services 200538 8 6108577 6401247 -292670 -292670 -292670 -292670 -292670 0 0 0 0 0 0 8815725 8164118 105247 105247 4156 4423 232886308 33616395 28539649 199269913 7150186 0 44614963 207543701 27000000 26999999 6042225 169263634 33042225 196263633 X 11572738 11280068 11572738 11280068 44614963 207543701 -292670 0 X 0 1 X 1 0 X 20243854 21394309 22429728 5888390 6108577 76064858 20243854 21394309 22429728 5888390 6108577 76064858 0 0 0 76064858 20243854 21394309 22429728 5888390 6108577 76064858 1.00000 0.99890 0.00000 0.00110 X 59433320 33616395 25816925 173452988 173452988 199269913 DUE TO AFFILIATES 169263634 169263634 Part X, Line 2 There is no FIN48/ASC740 footnote in the organization's audited financial statements. 0 1 0 0 0 0 0 0 0 Kevin Churchwell MD President & Trustee 0 1548242 0 1160000 0 531260 0 24400 0 101402 0 3365304 0 0 Douglas Vanderslice Treasurer, CFO & Trustee 0 885183 0 754720 0 341865 0 27450 0 47752 0 2056970 0 0 Michele Garvin Esq Secretary & Trustee 0 770048 0 771250 0 157166 0 24400 0 21008 0 1743872 0 0 Sandra Fenwick Former President & Trustee 0 0 0 0 0 958796 0 0 0 0 0 958796 0 958796 Part I, Line 4b Children's Hospital Corporation, a related organization, made contributions to the supplemental non-qualified retirement plan for the individuals listed below. Contribution amounts are generally based on a percentage of compensation. Participants of the supplemental executive retirement plan are fully vested. All payments with respect to a participant's separation from service will be made in a single sum following the separation from service unless participant has elected to receive the accrued interest portion of his or her account in three annual installments. Contributions were for Children's Hospital Corporation employee benefits and not for CHB Properties, Inc.'s Trustee or Officer of the Board services and/or responsibilities. During calendar year 2022, Children's Hospital Corporation made contributions to the supplemental non-qualified retirement plan for the individuals listed below: Kevin Churchwell, MD received a contribution of $456,800 Douglas Vanderslice received a contribution of $242,524 Michele Garvin, Esq. received a contribution of $120,044 During calendar year 2022, the following individual received supplemental executive retirement plan distributions from Children's Hospital Corporation: Sandra Fenwick received a distribution of $958,796 Part II Compensation is for Children's Hospital Corporation's executive/employee services; not for CHB Properties, Inc. Trustee or Officer of the Board services. Form 990, Part VI, Section A, line 6 Children's Medical Center Corporation is the sole Member of CHB Properties, Inc. Form 990, Part VI, Section A, line 7a Children's Medical Center Corporation is the sole Member of CHB Properties, Inc. The Children's Medical Center Corporation elects the governing body of CHB Properties, Inc. Form 990, Part VI, Section A, line 7b Children's Medical Center Corporation is the sole Member of CHB Properties, Inc. As stated in the organization's By Laws, Children's Medical Center Corporation has the powers and rights: - To approve the annual operating and capital budgets; - To approve capital expenditures by the Corporation in excess of $150,000; - To approve long-range planning goals and objectives; - To approve the sale of any major portion of the Corporation's assets; - To approve the initiation of any fund raising program; - To approve the revision of policies; - To approve any new contracts; - To approve any substantial increase in the compensation of employees or officers; - To approve any lease of equipment or real estate; - To approve any change in insurance coverage; - To approve any incurrence of long-term indebtedness; - To approve any change in independent certified public accountants; - To approve any change in accounting practice; - To approve any change in bank accounts or persons authorized to sign checks; - To approve any contracts involving an annual payment of more than $5,000; - To approve any major change in significant suppliers; - To approve the entry into any new line of business. Form 990, Part VI, Section B, line 11b The Form 990 tax return was prepared by Children's Hospital staff and reviewed by the Chief Financial Officer and General Counsel, along with the outside accounting firm of Ernst & Young. A copy was made available to the Board prior to filing. Form 990, Part VI, Section B, line 12c CHB Properties, Inc. adopts the Conflict of Interest Policy in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. The Organization's conflict of interest policy applies to all directors, Trust Board members, members of the medical or research staff, faculty, fellow, resident, student, visiting faculty or scientist, consultant, volunteers and employees of the Hospital. Directors, chiefs of service and division chiefs, senior directors and others who exercise influence over important strategic, business and purchasing decisions of the Hospital are required to complete an annual conflict of interest disclosure questionnaire about their financial interests and outside activities. If an expected questionnaire is not returned, the Compliance Officer notifies the individual's supervisor or the CEO or COO, and repeated requests for the completed questionnaire are made until the questionnaire is completed. Responses are reviewed by the Compliance Officer and any potential conflicts are discussed with the Office of General Counsel and/or the individual's supervisor; any actual or potential conflicts are managed by termination of the conflict, management of the conflict, recusal, disclosure, review, or a combination thereof. Outside interests and outside activities may be permitted as long as the Hospital, Medical Center or Trust determines that such interests and activities are consistent with the policies of the Hospital, Medical Center or Trust and the Hospital, Medical Center or Trust Board member, medical staff member or employee involved does the following: 1. discloses the fact that he/she has a financial interest or a consultative role in or with a person or company with which the Hospital, Medical Center or Trust is doing or is thinking of doing business; and 2. refrains from voting or exercising any personal influence whatsoever in the selection of a person or company to do business with the Hospital, Medical Center or Trust with whom or in which he/she has a financial interest or a consultative role; and 3. avoids any active participation in any financial negotiations between the Hospital, Medical Center or Trust and the person or company with whom or in which he/she has a financial interest or consultative role; and 4. does not permit such outside interests or activities to absorb such amounts of his/her time and effort as to make it impractical for them to fulfill their assigned responsibilities at the Hospital, Medical Center or Trust; and 5. does not permit such outside interests or activities to compromise or appear to compromise the name or reputation of the Hospital, Medical Center or Trust. Form 990, Part VI, Section B, line 15 The organization does not have any employees and does not compensate its Trustees or Officers of the Board. Form 990, Part VI, Section C, line 19 CHB Properties, Inc. adopts the Code of Conduct, the Conflict of Interest Policy, and the Compliance Manual in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. Children's Hospital posts its Code of Conduct (which incorporates the Conflict of Interest Policy) and its Compliance Manual (which includes a summary of the Conflict of Interest Policy) on its external website and these are also available from the Compliance Office or the Office of General Counsel. Governing documents are not posted publicly but are available upon request and are also filed with the Massachusetts Secretary of State, where they are available to the public. Financial statements are available upon request. Form 990, Part VII, Section A The individuals, who have compensation from related organizations, listed in Column E, spend the remainder of their full time hours working for Children's Medical Center and its other affiliates. Form 990, Part I, Line 4 and VI, Line 1b - Governing Body & Management The filing organization has one independent member of the governing body. However, the filing organization is part of an integrated delivery system of organizations, including Children's Hospital that have community boards. There has been no material change in the structure of the governing body since it applied for and received exempt status. Children's Medical Center Corporation 300 Longwood Avenue Boston MA 02115 041174680 Holds & manages sec., real estate inv. for Children's Hospital MA 501(c)(3) Line 12b, II N/A 0 Children's Hospital Corporation 300 Longwood Avenue Boston MA 02115 042774441 Pediatric health care, education & research hospital MA 501(c)(3) Line 3 Children's Medical Center Corporation 0 Longwood Research Institute Inc 300 Longwood Avenue Boston MA 02115 042781368 Medical & scientific research; holds real estate investments MA 501(c)(3) Line 12b, II Children's Medical Center Corporation 0 Blood Research Institute Inc 300 Longwood Avenue Boston MA 02115 043136318 Owning & leasing real estate MA 501(c)(3) Line 12a, I Children's Medical Center Corporation 0 Boston Children's Network Specialty Physicians Inc 300 Longwood Avenue Boston MA 02115 881343469 Healthcare MA 501(c)(3) Line 10 Children's Hospital Corporation 0 Franciscan Hospital for Children Inc 30 Warren Street Brighton MA 02135 042156082 Pediatric Rehabilitation and Behavioral Health MA 501(c)(3) Line 3 Children's Medical Center Corporation 0 Franciscan Pediatrics Inc 30 Warren Street Brighton MA 02135 043160358 Healthcare MA Franciscan Hospital for Children Inc C 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0