2020-05-18T14:24:20-05:00 2019-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2018-07-01 911969322 SEVEN HILLS FOUNDATION INC & AFFILIATES SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 MICHAEL MATTHEWS SENIOR VP/CFO 5089832900 2020-05-14 1 BARBARA E KING P00005629 5087557107 2020-05-14 64.92.68.66 2020-05-14 14:34:50 ED P A88D63C99C31B30CD722BE22DA2F36CD6FC3AB11 C06835ABCAABAEEA325C3B5FC21946FDAB5E74BC 2018 2020-11-19 02:30:22Z MICHAEL MATTHEWS 81 HOPE AVENUE WORCESTER MA 01603 242845575 1 1 3444 X WWW.SEVENHILLS.ORG X 1953 MA THE MISSION OF THE SEVEN HILLS FOUNDATION IS TO PROMOTE AND ENCOURAGE THE EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES SO THAT EACH MAY PURSUE THEIR HIGHEST POSSIBLE DEGREE OF PERSONAL WELL-BEING AND INDEPENDENCE. 15 14 4532 500 -10555 0 8417789 2970044 204677417 215664070 2640040 3499106 2090451 2403301 217825697 224536521 150611 160617 0 0 125970807 132677174 0 0 137150 81720791 89135971 207842209 221973762 9983488 2562759 213291234 211302586 131430205 127493250 81861029 83809336 X THE MISSION OF THE SEVEN HILLS FOUNDATION IS TO PROMOTE AND ENCOURAGE THE EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES SO THAT EACH MAY PURSUE THEIR HIGHEST POSSIBLE DEGREE OF PERSONAL WELL-BEING AND INDEPENDENCE. 0 0 73268373 80830131 SEVEN HILLS COMMUNITY SERVICES: TO PREPARE AND INSTRUCT INDIVIDUALS WITH DISABILITIES TO LIVE IN A VARIETY OF RESIDENTIAL ARRANGEMENTS. SHCS ALSO INCLUDES MEDICALLY AND BEHAVIORALLY INTENSIVE RESIDENTIAL OPTIONS AND INDIVIDUAL SUPPORTS. 36862125 36946065 CHILDRENS AID AND FAMILY SERVICES: TO PROVIDE DAY CARE, INFORMATION & REFERRAL, AND COUNSELING SERVICES TO CHILDREN AND THEIR FAMILIES. 24290050 23454027 SEVEN HILLS RHODE ISLAND: TO PROVIDE ADULT SERVICES, RESIDENTAL SERVICES, INDEPENDENT LIVING, AND CHILD AND FAMILY SERVICE PROGRAMS TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES 72059543 160617 77691300 OTHER PROGRAM SERVICES INCLUDE: FAMILY SUPPORT, VOCATIONAL TRAINING, COMMUNITY ORIENTATION, DAY HAB, SPECIALIZED HOME CARE, PEDIATRIC NURSING HOME SERVICES, SCHOOL SERVICES, AND BEHAVIORAL HEALTH SERVICES. 72059543 160617 77691300 206480091 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 472 25 1 4532 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 1 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 MA RI NJ X MICHAEL MATTHEWS SENIOR VPCFO 5089832901 81 HOPE AVENUE WORCESTER MA 01603 TAMMY MURRAY DIRECTOR 2.00 X 0 0 0 ARLENE LIAN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER MURPHY TRUSTEE 2.00 X 0 0 0 ELLEN AMADIO-AUBUCHON TRUSTEE 2.00 X 0 0 0 STEPHEN BLACK TRUSTEE 2.00 X 0 0 0 DIANE BRAZELTON TRUSTEE 2.00 X 0 0 0 JAMES BUSS TRUSTEE 2.00 X 0 0 0 MICHELLE MURPHY TRUSTEE 2.00 X 0 0 0 MAUREEN R GRAY TRUSTEE 2.00 X 0 0 0 DAVID GREENWOOD TRUSTEE 2.00 X 0 0 0 DEBRA HOKKANEN TRUSTEE 2.00 X 0 0 0 ELLEN HONEYMAN TRUSTEE 2.00 X 0 0 0 PAUL G KALMANSSON ESQ TRUSTEE 2.00 X 0 0 0 MARION MAHAR TRUSTEE 2.00 X 0 0 0 DAVID MASIELLO TRUSTEE 2.00 X 0 0 0 RUTHANN MELANCON TRUSTEE 2.00 X 0 0 0 JONI MILLUZZO TRUSTEE 2.00 X 0 0 0 HONORABLE RICHARD T MOORE TRUSTEE 2.00 X 0 0 0 KAREN MUGGERIDGE TRUSTEE 2.00 X 0 0 0 STEVE NELSON TRUSTEE 2.00 X 0 0 0 JOSEPH NUNES TRUSTEE 2.00 X 0 0 0 DR BENJAMIN NWOSU TRUSTEE 2.00 X 0 0 0 LT GOV KARYN POLITO TRUSTEE 2.00 X 0 0 0 PAULA ROSENBLUM TRUSTEE 2.00 X 0 0 0 DEBORAH PENTA TRUSTEE 2.00 X 0 0 0 PATRICIA RUGG TRUSTEE 2.00 X 0 0 0 DR PETER RUGG TRUSTEE 2.00 X 0 0 0 DOUGLAS RUSSELL JR TRUSTEE 2.00 X 0 0 0 R JOSEPH SALOIS TRUSTEE 2.00 X 0 0 0 DR JENNIFER SCHOTT TRUSTEE 2.00 X 0 0 0 KAREN SHORTSLEEVE TRUSTEE 2.00 X 0 0 0 DAVID E SIMON DIRECTOR 2.00 X 0 0 0 PETER STANTON DIRECTOR 2.00 X 0 0 0 BERNIE STEPHENS TRUSTEE 2.00 X 0 0 0 JO-ANN WHELAN TRUSTEE 2.00 X 0 0 0 OWEN L WILLIAMS TRUSTEE 2.00 X 0 0 0 MORGAN DYKSTAR TRUSTEE 2.00 X 0 0 0 ARLENE BETTERIDGE TRUSTEE 2.00 X 0 0 0 JOHNATHAN CAREY TRUSTEE 2.00 X 0 0 0 CHRISTINA CIOCIOLO TRUSTEE 2.00 X 0 0 0 DOROTHY DUDLEY TRUSTEE 2.00 X 0 0 0 KATE ROY SULLIVAN PHD TRUSTEE 2.00 X 0 0 0 REPRESENTATIVE HANNAH KANE TRUSTEE 2.00 X 0 0 0 DR CAMILLE ROBERTS TRUSTEE 2.00 X 0 0 0 JOHN LAJOIE TRUSTEE 2.00 X 0 0 0 MINDY MCKENZIE-HEBERT TRUSTEE 2.00 X 0 0 0 MARK O'CONNELL TRUSTEE 2.00 X 0 0 0 DALE DUCASSE TRUSTEE 2.00 X 0 0 0 WAYNE GRIFFIN TRUSTEE 2.00 X 0 0 0 ALLEN KRAUSE TRUSTEE 2.00 X 0 0 0 HONORABLE MATTHEW BEATON TRUSTEE 2.00 X 0 0 0 JOHN N ALTOMARE ESQ CHAIR 2.00 X X 0 0 0 JEANNE ANTONUCCI TRUSTEE 2.00 X 0 0 0 MAUREEN F BINIENDA DIRECTOR 2.00 X 0 0 0 CHARLES P CONROY VICE CHAIR 2.00 X X 0 0 0 DEBORAH J NEEDLEMAN SECRETARY/CLERK 2.00 X X 0 0 0 ROBERT L MAHAR TREASURER 2.00 X X 0 0 0 ROBERT ORIOL DIRECTOR 2.00 X 0 0 0 DAVID PAYDARFAR MD DIRECTOR 2.00 X 0 0 0 FRANCIS POLITO DIRECTOR 2.00 X 0 0 0 JOHN M PROSSER DIRECTOR 2.00 X 0 0 0 MARIANNE E ROGERS DIRECTOR 2.00 X 0 0 0 CLAIRE M SWAN MEMBER AT LARGE 2.00 X 0 0 0 PETER ALDEN TRUSTEE 2.00 X 0 0 0 W ROBERT BENTLEY TRUSTEE 2.00 X 0 0 0 PAUL H GALLAGHER TRUSTEE 2.00 X 0 0 0 SCOTT A GIBBS TRUSTEE 2.00 X 0 0 0 MEGAN MCDONOUGH TRUSTEE 2.00 X 0 0 0 MARJORIE COHEN TRUSTEE 2.00 X 0 0 0 WILLIAM G O'BRIEN III TRUSTEE 2.00 X 0 0 0 ROBERT E PAULSEN JR TRUSTEE 2.00 X 0 0 0 MATTHEW J PELOQUIN ESQ TRUSTEE 2.00 X 0 0 0 TODD S SOLAR TRUSTEE 2.00 X 0 0 0 STEPHEN F WALSH TRUSTEE 2.00 X 0 0 0 BETH CASAVANT TRUSTEE 2.00 X 0 0 0 BILL DAVIS TRUSTEE 2.00 X 0 0 0 DOROTHY HARGROVE TRUSTEE 2.00 X 0 0 0 DAVID J STRACHMAN ESQ TRUSTEE 2.00 X 0 0 0 THE HONORABLE JENNIFER FLANAGAN TRUSTEE 2.00 X 0 0 0 DR CATHERINE JONES TRUSTEE 2.00 X 0 0 0 THOMAS MCNAMARA TRUSTEE 2.00 X 0 0 0 PAUL LAVALLEE TRUSTEE 2.00 X 0 0 0 MICHAEL NOCKUNAS TRUSTEE 2.00 X 0 0 0 RAYMOND QUINLAN TRUSTEE 2.00 X 0 0 0 ELIZABETH DABEK VELLA TRUSTEE 2.00 X 0 0 0 DAVID WOODBURY TRUSTEE 2.00 X 0 0 0 DR DAVID JORDAN DHA PRESIDENT 40.00 X 385669 0 537597 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 40.00 X 400496 0 151147 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 40.00 X 239174 0 141247 MICHAEL MATTHEWS SENIOR VP/CFO 40.00 X 171834 0 67147 RICHARD NECKES SENIOR VP/CPO 40.00 X 201824 0 38532 JOSEPH N RICCIARDI CHIEF CLINICAL OFFICER 40.00 X 154433 0 31445 CLIFF CABRAL VP SHRI 40.00 X 148197 0 16355 RAYMOND HONL ASSISTANT RESIDENT DIRECTOR 40.00 X 133638 0 5706 JONATHAN A WORCESTER VP OF NEUROCARE 40.00 X 148315 0 31945 HOLLY JAREK VP GROTON AND CAFS 40.00 X 138175 0 24971 WILLIAM STOCK VP FOR GOVT AND COMM RELATIONS 40.00 X 142392 0 22814 JOE REALBUTO FORMER VP OF ASPIRE 40.00 X 102675 0 0 2366822 0 1068906 30 1 1 0 ACT LEASING INC 215 SALEM STREET WOBURN MA 01801 VEHICLE LEASES 1202617 RP MASIELLO PO BOX 742 BOYLSTON MA 01505 BUILDING CONTRACTOR 1032054 NETSMART TECHNOLOGIES PO BOX 823519 PHILADELPHIA PA 19182 IT/SOFTWARE 806155 EAGLE CLEANING CORP 997 MILLBURY ST SUITE A WORCESTER MA 01607 CLEANING CONTRACTOR 614634 INISHOWEN CONTRACTING LLC 6 HICKORY DRIVE RUTLAND MA 01543 BUILDING CONTRACTOR 575653 5 82468 2887576 354699 2970044 FEES/CONTRACT GOV AGENCIES 623990 173210813 173210813 MEDICARE/MEDICAID 623990 31802375 31802375 RENT, VENDING, SERVICE FEES 623990 5381326 5381326 PRIVATE CONTRACT FEES 623990 4301131 4301131 968425 968425 215664070 1356507 1356507 575556 493203 82353 82353 -73192 155545 14381747 4206096 12567266 3877978 1814481 328118 2142599 328118 1814481 33877 82468 66709 -32832 -32832 1622163 1303898 318265 255628 62637 OTHER REVENUE 623990 2035515 2035515 2035515 224536521 218283331 -10555 3293701 160617 160617 2264147 2264147 106350373 102881659 3468714 15400194 13228612 2171582 8662460 8246365 416095 133230 25652 107578 114565 83 114482 60808 60808 300253 11438 288815 6326059 5963004 363055 9818631 9018544 800087 4778690 4351067 427623 790250 108338 681912 4254219 3650909 603310 5219600 4390554 829046 1190758 1015851 174907 CHILD CARE VOUCHER PAYM 34758386 34758386 SPECIALIZED HOME CARE 11387772 11387772 MISCELLANEOUS 6446324 4495080 1951244 CLINICAL CONSULTANTS 3912478 3279362 633116 -356052 -493202 137150 221973762 206480091 15356521 137150 16008653 17325536 15000 147400 26171716 23126735 596646 915662 173359143 54766712 123207522 118592431 39635470 42670849 2079451 2533397 5576776 5990576 213291234 211302586 17338314 16475671 102516 0 99677080 93247340 6990299 9439267 7321996 8330972 131430205 127493250 X 73087965 75014465 4708971 8794871 4064093 0 81861029 83809336 213291234 211302586 X 2562759 -340603 -273849 X 0 1 X 1 1 1 X 2373598 1442441 1952676 8504160 2643044 16915919 183973855 191551163 198187755 206662024 218609407 998984204 29292 29292 29292 29292 0 117168 186376745 193022896 200169723 215195476 221252451 1016017291 0 0 0 1016017291 761966 718010 847911 1207317 1356507 4891711 761966 718010 847911 1207317 1356507 4891711 314266 387907 320471 268933 1291577 187452977 194128813 201338105 216671726 222608958 1022200579 0.99400 0.99410 0.00480 0.00430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34181223 2035948 2809226 33407945 26232553 5860170 2360419 271919 34181223 19878664 6613942 260053 26232553 20176216 331432 628984 19878664 20172549 305502 301835 20176216 0.74270 0.25730 0 0 17204115 17204115 137962984 41112920 96850064 16694613 13653792 3040821 1497431 1497431 118592431 DEFERRED COMPENSATION LIABILITY 8330972 8330972 X 225697371 -340603 1562261 1221658 224475713 60808 60808 224536521 223749064 1836110 1836110 221912954 60808 60808 221973762 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 $282,912 AND $271,919 IN 2019 AND 2018, 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 2019 AND 2018. 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, 2019 AND JUNE 30, 2018. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT, NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REQUIRED. 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 OF ACTIVITIES, OR CASH FLOW. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,303,898. UNREALIZED LOSS ON HEDGING INSTRUMENT -273,849. SPECIAL EVENT EXPENSE 39,010. RENTAL EXPENSES 493,202. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,303,898. SPECIAL EVENT EXPENSE 39,010. RENTAL EXPENSES 493,202. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS REQUIRED BY THE COMMONWEALTH OF MASSACHUSETTS PART 1, LINE 6 VARIOUS GRANTS AND EXPENSE REIMBURSEMENTS ARE RECEIVED FROM VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS 1 SUB-SAHARAN AFRICA GRANTS CLINICAL SERVICES 134417 SOUTH ASIA GRANTS CLINICAL SERVICES 8000 CENTL AMERICA GRANTS CLINICAL SERVICES 18200 0 0 0 0 0 0 160617 0 160617 KENYA CLINICAL 8000 WIRE TRANSFER BOOK LIBERIA CLINICAL 500 WIRE TRANSFER BOOK ACCRA, GHANA CLINICAL 14000 WIRE TRANSFER BOOK KHULA, BANGLADESH CLINICAL 8000 WIRE TRANSFER BOOK LOMA LINDA, GUATEMELA CLINICAL 14700 WIRE TRANSFER BOOK LA GONAVE, HAITI CLINICAL 3500 WIRE TRANSFER BOOK BO, SIERRA LEONE CLINICAL 111917 WIRE TRANSFER BOOK 0 0 0 0 0 0 PART I, LINE 2: THERE IS A COMPREHENSIVE MONITORING AND EVALUATION SYSTEM FOR OUTCOME BASED DEVELOPMENT MONITORING AS WELL AS PROGRESS REPORTS AND ANNUAL BUDGET REVIEWS. NEW BEGINNINGS GOLF TOURNAMENT 48964 37364 11600 12745 14673 ABILITY FEST/BIG DIPPER 67381 45104 22277 14954 24337 116345 82468 33877 27699 39010 66709 -32832 1536630 1064678 216324 1 1.00000 85533 22896 1 1.00000 1622163 1064678 239220 1303898 318265 MA 1 0 0 0 1.00000 JOSEPH TOSCHES SEVEN HILLS FOUNDATION 81 HOPE AVEN WORCESTER MA 01603 0 JOSEPH TOSCHES 0 MANAGER OF EVENTS X 1 243450 X X X X 0 1 0 0 0 0 0 0 0 DR DAVID JORDAN DHA PRESIDENT 376722 0 0 0 8947 0 519368 0 18229 0 923266 0 0 0 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 392795 0 0 0 7701 0 132918 0 18229 0 551643 0 0 0 DR KATHLEEN JORDAN DHA EXECUTIVE VP/CEO 238249 0 0 0 925 0 141247 0 0 0 380421 0 0 0 MICHAEL MATTHEWS SENIOR VP/CFO 171834 0 0 0 0 0 67147 0 0 0 238981 0 0 0 RICHARD NECKES SENIOR VP/CPO 197449 0 0 0 4375 0 22077 0 16455 0 240356 0 0 0 JOSEPH N RICCIARDI CHIEF CLINICAL OFFICER 154433 0 0 0 0 0 15409 0 16036 0 185878 0 0 0 CLIFF CABRAL VP SHRI 148197 0 0 0 0 0 16355 0 0 0 164552 0 0 0 JONATHAN A WORCESTER VP OF NEUROCARE 148315 0 0 0 0 0 15909 0 16036 0 180260 0 0 0 HOLLY JAREK VP GROTON AND CAFS 138175 0 0 0 0 0 19185 0 5786 0 163146 0 0 0 WILLIAM STOCK VP FOR GOVT AND COMM RELATIONS 142392 0 0 0 0 0 19820 0 2994 0 165206 0 0 0 JOE REALBUTO FORMER VP OF ASPIRE 73476 0 0 0 29199 0 0 0 0 0 102675 0 0 0 PART I, LINE 4B DAVID A. JORDAN, DHA - DEFINED BENEFIT PLAN & DEFERRED COMPENSATION - $519,368 JOSEPH L. TOSCHES - DEFINED BENEFIT PLAN - $132,918 DR KATHLEEN JORDAN, DHA - DEFINED BENEFIT PLAN - $141,247 RICHARD NECKES - DEFERRED COMPENSATION - $22,077 MICHAEL MATTHEWS - DEFINED BENEFIT PLAN - $67,147 JOSEPH RICCIARDI - DEFERRED COMPENSATION - $15,409 WILLIAM STOCK - DEFERRED COMPENSATION - $19,820 JONATHAN WORCESTER - DEFERRED COMPENSATION - $15,909 CLIFF CABRAL - DEFERRED COMPENSATION - $16,355 HOLLY JAREK - DEFERRED COMPENSATION - $19,185 JOE REALBUTO - DEFERRED COMPENSATION - $29,199 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 0.15830 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 1 0.00000 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 2013-06-30 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 3401881 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 0.16560 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 0 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 SIBLING-SISTER OF JOSEPH TOSCHES 184148 ARCHITECTURAL SERVICES 0 LOUISE PERRY CO-OWNER OF GROUP 7 DE SIBLING-SISTER OF JOSEPH TOSCHES 20000 MANAGEMENT FEE EXPENSE 0 LOUISE PERRY CO-OWNER OF GROUP 7 DE SIBLING-SISTER OF JOSEPH TOSCHES 24000 RENTAL INCOME 0 0 X 4 327000 FMV - CONDOMINIUMS X RAFFLE ITEMS DONATED 226 12745 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT DAVID JORDAN IS MARRIED TO KATHLEEN JORDAN EXECUTIVE VP/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 A, LINE 7B MAJOR DECISIONS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS, PRESIDENT,EXEC VP/CEO, AND SR. VP OF BUSINESS AND FINANCE 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 THE PROCESS FOR DETERMINING COMPENSATION FOR THE TOP TWO EMPLOYEES IS THROUGH AN INDEPENDENT COMPENSATION REVIEW EVERY TWO YEARS CONDUCTED BY AN OUTSIDE CONSULTANT. 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 -273,849. SEVEN HILLS FAMILY SERVICES INC 81 HOPE AVENUE WORCESTER MA 01603 043293665 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS COMMUNITY SERVICES INC 81 HOPE AVENUE WORCESTER MA 01603 043125422 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS ASPIRE 81 HOPE AVENUE WORCESTER MA 01603 042274992 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS DISABILITY RESOURCES & ADVOCACY INC 81 HOPE AVENUE WORCESTER MA 01603 042522064 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 WAARC REALTY INC 81 HOPE AVENUE WORCESTER MA 01603 042862244 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEASIDE EDUCATIONAL ASSOCIATES INC 81 HOPE AVENUE WORCESTER MA 01603 042669835 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS NEUROCARE INC 81 HOPE AVENUE WORCESTER MA 01603 043527672 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS BEHAVIOR HEALTH INC 81 HOPE AVENUE WORCESTER MA 01603 042173052 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS AT GROTON 81 HOPE AVENUE WORCESTER MA 01603 200172796 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS RHODE ISLAND INC 81 HOPE AVENUE WORCESTER MA 01603 056013789 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS GLOBAL OUTREACH 81 HOPE AVENUE WORCESTER MA 01603 263273731 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS CLINICAL ASSOCIATES INC 81 HOPE AVENUE WORCESTER MA 01603 020627442 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 INDIVIDUAL & FAMILY SUPPORT CENTERS INC 81 HOPE AVENUE WORCESTER MA 01603 042492493 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 CHILDREN'S AID & FAMILY SERVICE INC 81 HOPE AVENUE WORCESTER MA 01603 042161932 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 STETSON SCHOOLINC 81 HOPE AVENUE WORCESTER MA 01603 042631391 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 STETSON HOME INC 81 HOPE AVENUE WORCESTER MA 01603 042122643 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 CHILDREN'S FRIEND INC 81 HOPE AVENUE WORCESTER MA 01603 042105856 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 VSA MASSACHUSETTS INC 81 HOPE AVENUE WORCESTER MA 01603 042699540 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS NEW JERSEY 81 HOPE AVENUE WORCESTER MA 01603 474001509 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS FAMILY SERVICES INC DBA AS MCCN 81 HOPE AVENUE WORCESTER MA 01603 043293665 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 EMPIRICAL ASSET MANAGEMENT LLC 2223 WASHINGTON STREET STE 101 NEWTON MA 02462 273376835 ASSET MANAGEMENT MA INVESTMENT 5058 576926 0 0 0.06590 BIRCH B LLC (DBA HONEYDROP BEVERAGES) 1223 WYNDEN COMMONS LANE HOUSTON TX 77056 260527345 BEVERAGE MARKET TX UNRELATED -19833 423996 0 0 0.04600 WELLESLEY FRONT LLC 36 WASHINGTON STREET SUITE 390 WELLESLEY MA 02481 475074072 REAL PROPERTY MA UNRELATED -10517 443818 0 0 0.25000 SCIREH THREE LLC 146 MAIN STREET 3RD FLOOR WORCESTER MA 01608 815023726 REAL PROPERTY MA UNRELATED -31051 118849 0 0 0.05170 MERCANTILE VENTURES LLC 36 WASHINGTON STREET SUITE 390 WELLESLEY MA 02481 832466221 REAL PROPERTY MA UNRELATED -2751 497249 0 0 0.04850 CANAL DISTRICT PARTNERS LLC 4 ASH STREET WORCESTER MA 01608 001288026 REAL PROPERTY MA UNRELATED 200000 0 0 0.05900 GROUP 7 DESIGN INC 83 CEDAR STREET MILFORD MA 01757 261688975 ARCHITECTURAL DESIGN MA N/A S 2955 272499 0.73930 0 SEVEN HILLS HOLDING CORPORATION 81 HOPE AVENUE WORCESTER MA 01603 460928673 REAL ESTATE HOLDING MA C 78100 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 GROUP 7 DESIGN INC Q 20000 GAAP GROUP 7 DESIGN INC A 24000 GAAP GROUP 7 DESIGN INC L 184148 GAAP WELLESLY FRONT S 117671 GAAP SCIREH THREE LLC S 100 GAAP