2022-05-13T07:12:52-05:00 2021-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2020-07-01 043293659 SEVEN HILLS FOUNDATION SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 MICHAEL MATTHEWS SENIOR VP OF BUSI 5087552340 2022-05-12 1 MICHAEL MATTHEWS XXX-XX-XXXX BARBARA E KING P00005629 5087557107 2022-05-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL MATTHEWS 81 HOPE AVENUE WORCESTER MA 01603 44540073 0 3444 X WWW.SEVENHILLS.ORG X 1953 MA TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-THREE AFFILIATES UNDER COMMON CONTROL. 16 15 5045 500 -144512 327 7485426 1956571 13089588 15793838 1925815 4249013 545728 1647844 23046557 23647266 0 0 0 0 8763726 9396961 0 0 95905 6750092 8440764 15513818 17837725 7532739 5809541 186253865 199694162 124427116 123351719 61826749 76342443 TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-THREE AFFILIATES UNDER COMMON CONTROL. 0 0 17741820 17254900 TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE TWENTY-THREE AFFILIATES UNDER COMMON CONTROL. 17741820 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 1 186 0 1 5045 1 1 1 0 0 0 0 0 0 0 1 0 X 16 15 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MA X MICHAEL MATTHEWS SENIOR VP OF BUSINESS AND FINANCE 5089832900 81 HOPE AVENUE WORCESTER MA 01603 JOHN N ALTOMARE ESQ CHAIR 2.00 X X 0 0 0 DAVID SIMON DIRECTOR 2.00 X 0 0 0 DR DAVID PAYDARFAR DIRECTOR 2.00 X 0 0 0 DR TAMMY MURRAY MEMBER-AT-LARGE 2.00 X 0 0 0 FRANCES POLITO DIRECTOR 2.00 X 0 0 0 ERIC BATISTA DIRECTOR 2.00 X 0 0 0 MARIANNE E ROGERS DIRECTOR 2.00 X 0 0 0 MAUREEN BINIENDA DIRECTOR 2.00 X 0 0 0 PETER STANTON DIRECTOR 2.00 X 0 0 0 DR CAROL DONNELLY DIRECTOR 2.00 X 0 0 0 RAYMOND L QUINLAN TREASURER 2.00 X 0 0 0 DEBORAH J NEEDLEMAN SECRETARY/CLERK 2.00 X X 0 0 0 ROBERT L MAHAR MEMBER-AT-LARGE 2.00 X X 0 0 0 DR CHARLES P CONROY VICE CHAIR 2.00 X X 0 0 0 ALLEN KRAUSE TRUSTEE 2.00 X 0 0 0 ARLENE BETTERIDGE TRUSTEE 2.00 X 0 0 0 ARLENE LIAN TRUSTEE 2.00 X 0 0 0 KATHLEEN BATES CFO 40.00 X X 116269 0 0 BERNIE STEPHENS TRUSTEE 2.00 X 0 0 0 CHRISTINA CIOCIOLO TRUSTEE 2.00 X 0 0 0 CHRISTOPHER MURPHY TRUSTEE 2.00 X 0 0 0 DALE DUCASSE TRUSTEE 2.00 X 0 0 0 ERNEST DUBE TRUSTEE 2.00 X 0 0 0 DAVID GREENWOOD TRUSTEE 2.00 X 0 0 0 ELISABETA GAGA BLANEY TRUSTEE 2.00 X 0 0 0 DAVID MASIELLO TRUSTEE 2.00 X 0 0 0 DEBORAH PENTA TRUSTEE 2.00 X 0 0 0 DEBRA HOKKANEN TRUSTEE 2.00 X 0 0 0 DIANE BRAZELTON TRUSTEE 2.00 X 0 0 0 DOROTHY HARGROVE TRUSTEE 2.00 X 0 0 0 DOUGLAS RUSSELL JR TRUSTEE 2.00 X 0 0 0 DR BENJAMIN NWOSU TRUSTEE 2.00 X 0 0 0 DR CAMILLE ROBERTS TRUSTEE 2.00 X 0 0 0 DR JENNIFER SCHOTT TRUSTEE 2.00 X 0 0 0 DR PETER RUGG TRUSTEE 2.00 X 0 0 0 MELVIN P GORDON TRUSTEE 2.00 X 0 0 0 ELLEN HONEYMAN TRUSTEE 2.00 X 0 0 0 PALL KALMANSSON ESQ TRUSTEE 2.00 X 0 0 0 HANNAH KANE TRUSTEE 2.00 X 0 0 0 HONORABLE MATTHEW BEATON TRUSTEE 2.00 X 0 0 0 HONORABLE RICHARD T MOORE TRUSTEE 2.00 X 0 0 0 JAMES BUSS TRUSTEE 2.00 X 0 0 0 JO-ANN WHELAN TRUSTEE 2.00 X 0 0 0 JOHN LAJOIE TRUSTEE 2.00 X 0 0 0 JONATHAN CAREY TRUSTEE 2.00 X 0 0 0 JONI MILLUZO TRUSTEE 2.00 X 0 0 0 JOSEPH NUNES TRUSTEE 2.00 X 0 0 0 KAREN MUGGERIDGE TRUSTEE 2.00 X 0 0 0 KAREN SHORTSLEEVE TRUSTEE 2.00 X 0 0 0 DR KATE ROY SULLIVAN TRUSTEE 2.00 X 0 0 0 LT GOV KARYN POLITO TRUSTEE 2.00 X 0 0 0 MARION MAHAR TRUSTEE 2.00 X 0 0 0 MARK O'CONNELL TRUSTEE 2.00 X 0 0 0 MATTHEW J PELOQUIN ESQ TRUSTEE 2.00 X 0 0 0 MAUREEN GRAY TRUSTEE 2.00 X 0 0 0 MEGAN MCDONOUGH TRUSTEE 2.00 X 0 0 0 MICHELLE MURPHY TRUSTEE 2.00 X 0 0 0 MINDY MCKENZIE-HEBERT TRUSTEE 2.00 X 0 0 0 MORGAN DYKSTAR TRUSTEE 2.00 X 0 0 0 JONATHAN HAVERLY TRUSTEE 2.00 X 0 0 0 PATRICIA RUGG TRUSTEE 2.00 X 0 0 0 SPENCER HOLLAND TRUSTEE 2.00 X 0 0 0 PAUL H GALLAGHER TRUSTEE 2.00 X 0 0 0 PAULA ROSENBLUM TRUSTEE 2.00 X 0 0 0 PETER ALDEN TRUSTEE 2.00 X 0 0 0 R JOSEPH SALOIS TRUSTEE 2.00 X 0 0 0 ROBERT E PAULSEN JR TRUSTEE 2.00 X 0 0 0 THOMAS MCNAMARA TRUSTEE 2.00 X 0 0 0 SCOTT A GIBBS TRUSTEE 2.00 X 0 0 0 MAUREEN MCDONOUGH MANAGER PROGRAM IMPROVEMENTS 40.00 X 126484 0 19525 STEPHEN F WALSH TRUSTEE 2.00 X 0 0 0 STEVE NELSON TRUSTEE 2.00 X 0 0 0 TODD S SOLAR TRUSTEE 2.00 X 0 0 0 W ROBERT BENTLEY TRUSTEE 2.00 X 0 0 0 WAYNE GRIFFIN TRUSTEE 2.00 X 0 0 0 WILLIAM G O'BRIEN III TRUSTEE 2.00 X 0 0 0 JEANNE ANTONUCCI TRUSTEE 2.00 X 0 0 0 MARJORIE COHEN TRUSTEE 2.00 X 0 0 0 RUTHANN MELANCON TRUSTEE 2.00 X 0 0 0 DOROTHY DUDLEY TRUSTEE 2.00 X 0 0 0 THE HONORABLE JENNIFER FLANAGAN TRUSTEE 2.00 X 0 0 0 MICHAEL NOCKUNAS TRUSTEE 2.00 X 0 0 0 ELIZABETH DABEK VELLA TRUSTEE 2.00 X 0 0 0 ROBERT KIEVRA TRUSTEE 2.00 X 0 0 0 BILL DAVIS TRUSTEE 2.00 X 0 0 0 DR CATHERINE JONES TRUSTEE 2.00 X 0 0 0 PAUL LAVALLEE TRUSTEE 2.00 X 0 0 0 GLENN KING TRUSTEE 2.00 X 0 0 0 SUZANNE MAAS TRUSTEE 2.00 X 0 0 0 TODD MANDELLA TRUSTEE 2.00 X 0 0 0 AMY MCCARTHY TRUSTEE 2.00 X 0 0 0 LAURANCE S MORRISON TRUSTEE 2.00 X 0 0 0 JOHN M PROSSER TRUSTEE 2.00 X 0 0 0 KARLA SANTIAGO-RUIZ TRUSTEE 2.00 X 0 0 0 KEVIN SHAUGNESSY TRUSTEE 2.00 X 0 0 0 EMILY S STARR ESQ TRUSTEE 2.00 X 0 0 0 MAURA STICKLES TRUSTEE 2.00 X 0 0 0 JOHN STOWE TRUSTEE 2.00 X 0 0 0 DEAN THEODORE TRUSTEE 2.00 X 0 0 0 DR DAVID A JORDAN DHA PRESIDENT 40.00 X 593734 0 502111 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 40.00 X 271344 0 147146 MICHAEL MATTHEWS SR VP OF BUSINESS AND FINA 40.00 X 206816 0 71862 MARILYN LOPEZ-HADDAD VP HUMAN RESOURCES 40.00 X 153674 0 17447 DOMINIC SMARRA CIO 40.00 X 132467 0 1413 KATHLEEN MYSHRALL VP ADVANCEMENT 40.00 X 124030 0 36003 WILLIAM STOCK VP FOR GOVT AND COMM RELAT 40.00 X 140971 0 28191 DR JOSEPH TOSCHES DBA FORMER EXECUTIVE VP/COO 40.00 X 1097030 0 0 RICHARD NECKES FORMER SENIOR VP/CHIEF PROGRAM OF 40.00 X 139057 0 0 3101876 0 823698 11 1 1 0 NETSMART TECHNOLOGIES PO BOX 823519 PHILADELPHIA PA 19182 IT/SOFTWARE 369580 BOLLUS LYNCH 89 SHREWSBURY STREET WORCESTER MA 01604 AUDIT 137649 2 1020702 935869 121580 1956571 PROGRAM SERVICES 623990 15793838 15793838 15793838 1519218 1519218 474379 0 474379 474379 474379 20105269 3517333 17518559 3374248 2586710 143085 2729795 143085 2586710 OTHER REVENUE 623990 1317977 1317977 MANAGEMENT FEE 900099 20000 20000 LLC/S-CORP TAXABLE INCOME 900099 -164512 -164512 1173465 23647266 17254900 -144512 4580307 2307981 2307981 4178596 4178596 2414975 2414975 495409 495409 350714 350714 118271 118271 214188 214188 311405 311405 1203353 1203253 100 660904 660904 581135 581135 858477 858477 204957 204957 COVID-19 SUPPLIES 1144235 1144235 CONSULTANTS 775414 775414 MISCELLANEOUS 640726 640726 CLIENT TRANSPORTATION 555078 555078 821907 726102 95805 17837725 17741820 0 95905 458765 398531 155676 78676 24691 24691 195165204 75241891 121948451 119923313 44794856 59109970 2268874 1997047 16602552 18161934 186253865 199694162 88357157 84049097 20169787 16660094 10000000 15900172 12642528 124427116 123351719 X 60445214 74876991 1381535 1465452 61826749 76342443 186253865 199694162 X 5809541 8507715 198438 X 0 1 X 1 1 1 X 814267 727090 1736562 1029446 814289 5121654 12233315 12485473 13146199 13505427 15793838 67164252 13047582 13212563 14882761 14534873 16608127 72285906 325000 303000 290000 165000 1083000 0 325000 303000 290000 165000 1083000 71202906 698778 1032446 1352633 1419074 1519218 6022149 698778 1032446 1352633 1419074 1519218 6022149 182779 136459 26498 -327145 -147047 -128456 13929139 14381468 16261892 15626802 17980298 78179599 0.91080 0.91190 0.07700 0.06820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34848664 9054313 1094994 42807983 33407945 1771527 1105245 1436053 34848664 34181223 2035948 2809226 33407945 26232553 5860170 2360419 271919 34181223 19878664 6613942 260053 26232553 0.76260 0.23740 0 0 19067228 19067228 153445342 59436602 94008740 20214462 15805289 4409173 2438172 2438172 119923313 OTHER ASSETS 18161934 18161934 DEFERRED COMPENSATION LIABILITY 8540475 DUE TO AFFILIATES 4102053 12642528 X 32235148 8507715 33926 8541641 23693507 118271 -164512 -46241 23647266 17719454 0 17719454 118271 118271 17837725 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS AND CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE FOUNDATION CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE FOUNDATION MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE FOUNDATION; AND THE INVESTMENT POLICIES OF THE FOUNDATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE STETSON HOME, INC. AFFILIATE HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 7% OF ITS BEGINNING OF THE YEAR RESTRICTED BALANCES. AMOUNTS APPROPRIATED FOR EXPENDITURE WERE $248,489 AND $268,579 IN 2021 AND 2020, RESPECTIVELY. THE CHILDREN'S FRIEND, INC. AFFILIATE HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF THE ENDOWMENT FUND'S TWELVE QUARTER MOVING AVERAGE OF MARKET VALUE, CALCULATED QUARTERLY. THERE WERE NO WITHDRAWALS FOR APPROPRIATION IN 2021 AND 2021. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE FOUNDATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST, DIVIDENDS AND NET RENTAL INCOME). THE FOUNDATION HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2021 AND JUNE 30, 2020. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE FOUNDATION'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OR ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON HEDGING INSTRUMENT 200,973. BOOK/TAX LOSS FROM PASSTHROUGH INVESTMENTS -167,047. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAX LOSS ON INVESTMENTS -164,512. CAYMAN ISLANDS INVESTMENTS 677966 0 0 0 0 0 0 677966 0 677966 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X 0 1 0 0 0 0 0 0 0 DR JOSEPH TOSCHES DBA FORMER EXECUTIVE VP/COO 67729 0 0 0 1029301 0 0 0 0 0 1097030 0 1029301 0 DR DAVID A JORDAN DHA PRESIDENT 593734 0 0 0 0 0 502111 0 0 0 1095845 0 0 0 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 271344 0 0 0 0 0 147146 0 0 0 418490 0 0 0 MICHAEL MATTHEWS SR VP OF BUSINESS AND FINA 206816 0 0 0 0 0 70449 0 1413 0 278678 0 0 0 MARILYN LOPEZ-HADDAD VP HUMAN RESOURCES 153674 0 0 0 0 0 16034 0 1413 0 171121 0 0 0 WILLIAM STOCK VP FOR GOVT AND COMM RELAT 140971 0 0 0 0 0 21051 0 7140 0 169162 0 0 0 KATHLEEN MYSHRALL VP ADVANCEMENT 124030 0 0 0 0 0 15906 0 20097 0 160033 0 0 0 RICHARD NECKES FORMER SENIOR VP/CHIEF PROGRAM OF 71407 0 0 0 67650 0 0 0 0 0 139057 0 67650 0 PART I, LINE 4B DAVID A. JORDAN, DHA - DEFERRED COMPENSATION $502,111 JOSEPH L. TOSCHES - DEFINED BENEFIT PLAN - $1,029,301 DR KATHLEEN JORDAN, DHA - DEFINED BENEFIT PLAN $147,146 RICHARD NECKES - DEFERRED COMPENSATION - $67,650 MICHAEL MATTHEWS - DEFINED BENEFIT PLAN $70,449 WILLIAM STOCK - DEFERRED COMPENSATION $21,051 THE EMPLOYER CONTRIBUTES THESE DEFERRED COMPENSATION PAYMENTS TO A NON QUALIFIED INELIGIBLE 457(F) PLAN. THESE AMOUNTS CONTRIBUTED INTO THE 457(F) PLAN ARE NOT VESTED AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE IN THE EVENT THAT EMPLOYEES DO NOT FULFIL THEIR OBLIGATIONS OF THEIR EMPLOYMENT WITH THE ORGANIZATION. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-09-01 12000000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 2008-09-01 5500000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 2011-12-29 8051000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 D RI HEALTH & EDUCATIONAL BUILDING CORP 000052919 2012-06-01 3555000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 A 12000000 284980 11715020 2010 0 0 1 1 B 5500000 194288 5305712 2010 0 0 1 1 C 8051000 161096 7075135 2013 0 0 1 1 D 3555000 71100 3197063 2013 0 0 1 1 A 0 0 0 0 0 1 0.17490 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 1 0.15220 0 1 D 0 0 0 0 0 1 0 1 A 0 1 1 1 1 1 TD BANK 5.000000000000 0 0 0 0 1 B 0 1 1 1 1 1 TD BANK 10.000000000000 0 0 0 0 1 C 0 1 1 1 1 1 TD BANK 4.000000000000 0 0 0 0 1 D 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2014 ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/03/2014 ISSUER NAME: MASS HEFA REVENUE BONDS DATE THE REBATE COMPUTATION WAS PERFORMED: 11/19/2014 A RI HEALTH & EDUCATIONAL BUILDING CORP 000052919 2013-06-01 1655000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 B MASS HEFA REVENUE BONDS 042456011 2004-11-19 11653000 CONSOLIDATE LOANS 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 57583U6N3 2015-04-09 55835000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 D MASS DEVELOPMENT FINANCE AGENCY 043431814 2017-10-31 20000000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 A 1655000 23414 1606835 2014 0 0 1 1 B 11653000 159840 11493160 2004 0 0 1 1 C 55835000 34143976 447673 59260474 2015 1 0 1 1 D 20000000 297179 19702820 2017 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 1 0.11650 0 1 D 0 0 0 0 0 1 0.00800 0 1 A 0 1 1 1 1 0 0 0 1 B 0 1 1 1 1 1 TD BANK 10.000000000000 0 0 0 0 1 C 0 1 1 1 1 0 0 0 1 D 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 LOUISE PERRY CO-OWNER OF GROUP 7 DE SISTER OF JOSEPH TOSCHES 20000 MANAGEMENT FEE EXPENSE 0 LOUISE PERRY CO-OWNER OF GROUP 7 DE SISTER OF JOSEPH TOSCHES 97625 ARCHITECTURAL SERVICES 0 X 1 121580 FMV - CONDOMINIUM 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID JORDAN, THE PRESIDENT, IS MARRIED TO KATHLEEN JORDAN WHO IS THE SR. VICE PRESIDENT/CEO. FORM 990, PART VI, SECTION A, LINE 7A A NOMINATING COMMITTEE MEETS TO REVIEW PROSPECTIVE CANDIDATES FOR SEVEN HILLS FOUNDATION DIRECTOR OR TRUSTEE POSITIONS. THE LIST OF NOMINATED CANDIDATES IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ELECTED DIRECTORS AND TRUSTEES SERVE FOR A 3-YEAR TERM. BOARD OFFICERS SERVE A 1-YEAR TERM. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS, CEO, SR VP OF BUSINESS & FINANCE, AND CFO WILL REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A INDEPENDENT COMPENSATION REVIEW IS COMPLETED EVERY TWO YEARS CONDUCTED BY AN OUTSIDE SPECIALIST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON HEDGING INSTRUMENT 200,973. BOOK/TAX DIFFERENCE OF VARIOUS PASSTHROUGH ENTITIES -2,535. 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