2018-01-31T09:14:11-06:00 2017-03-31 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-04-01 042716090 North Hill Needham Inc NORT 7814449910 865 Central Ave Needham MA 02492 Darren Roy CFO 7814449910 2018-01-26 1 JULIUS C GREEN CPA P00350393 2159720701 X 174.59.42.130 2018-01-26 09:28:40 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 41D52B76DFE0CA0C5E5ED141E25DBC48D8427C36 2016 2021-01-29 14:40:06Z Darren Roy 865 Central Ave Needham MA 02492 71758158 0 X www.northhill.org X 1979 MA TO PROVIDE HOUSING & HEALTHCARE SERVICES TO RESIDENTS FOR LIFE REGARDLESS OF THEIR ABILITY TO PAY. 16 16 425 35 187 0 0 5887 27889656 31730552 1807199 2354878 367153 394330 30064008 34485647 0 0 0 0 15870772 15191431 0 0 0 21301958 24526932 37172730 39718363 -7108722 -5232716 193358427 198092576 220137821 229892088 -26779394 -31799512 X North Hill Needham, Inc. is a mission-driven organization that provides housing and healthcare services to the elderly, and takes care of its residents for life even when their financial resources are depleted. 0 0 30394353 0 31730552 North Hill Needham, Inc. is a 501(c)(3) tax-exempt continuing care retirement community governed by a board of trustees comprised of citizens from surrounding local communities. NORTH HILL Needham, Inc. Began its tradition of leadership in 1984 offering new senior living opportunities and introducing lifecare to Massachusetts. mORE THAN 30 years later, NORTH HILL Needham, Inc. operates a lifecare retirement community which includes 323 apartments, 45 enhanced independent living apartments, and a 72-bed skilled nursing facility. Over the years, North Hill Needham, Inc. has innovated ways to enhance the lives of people 65 and better. "Purposefull Living" is the heart of the true north spirit. It is both a philosophy and approach to life, designed to enrich the well-being of each person who lives and works at north hill Needham, Inc. north hill Needham, Inc. connects its residents with an abundance of opportunities on and around its campus. Residents can take classes at a nearby university or take in the extraordinary cultural offerings of Boston. They can strengthen their minds through book clubs, art classes and lectures and strengthen their bodies in the indoor pool or by joining the outdoor walking club. north hill Needham, Inc. provides the peace of mind of lifecare and a 90% refundable entrance fee - two firsts for the state of Massachusetts. The 90% refundable entrance fee keeps north hill Needham, Inc.'s lifestyle and services affordable for those in the Wellesley/Needham community and keeps pricing stable for the level of care provided.Since 2010, north hill Needham, Inc. has offered three types of contracts: The flagship 90% refundable with life care, declining balance with lifecare and 90% refundable without lifecare. 30394353 1 1 0 1 0 0 0 0 1 0 1 1 0 0 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 0 0 0 0 0 0 0 1 0 0 0 1 142 0 1 425 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Darren Roy CFO 7814449910 865 Central Ave Needham MA 02492 Ted Owens ChAIR 2.50 5.20 X X 0 0 0 Christoph Hoffmann Vice Chair 1.00 3.00 X X 0 0 0 katherine babson jr Trustee 1.50 X 0 0 0 David Dinwoodey Trustee 1.00 X 0 0 0 penny greenberg trustee (res. April 2016) 1.50 1.00 X 0 0 0 maurice handel trustee 1.50 X 0 0 0 Dr Elliot Prather Palmer Trustee 0.60 X 0 0 0 Elizabeth Powell Trustee (Nov. 2016) 2.00 X 0 0 0 Michael Price Trustee 1.50 X 0 0 0 Edwin Reilly Trustee 1.00 X 0 0 0 John Schwarz Trustee 1.50 3.00 X 0 0 0 Gail Walcott Trustee 1.50 X 0 0 0 Sarah Wilcox Trustee 1.00 X 0 0 0 David Hansen Trustee 1.00 X 0 0 0 susan mellace Trustee 1.00 X 0 0 0 George Peterman Trustee 1.00 X 0 0 0 Ron Ruth Trustee 1.00 X 0 0 0 Tina Vasconcelles Trustee 1.00 X 0 0 0 Darren Roy chief financial officer 8.00 32.00 X 0 166330 11451 Kevin L Burke President & Chief executive officer 8.00 32.00 X 0 264068 28442 David Maw Executive Director 24.00 16.00 X 156355 0 27511 Eddie Brown Director of human resource 40.00 X 117637 0 3650 Harold Goodale Director of Plant Services 40.00 X 127085 0 12234 Steven Hall Administrator 40.00 X 114577 0 7290 Maria Byrne Director of Sales 40.00 X 179577 0 12988 Charlene Herb Resident Assessment Coordinator 40.00 X 103974 0 12412 799205 430398 115978 6 0 1 0 Ce floyd inc 135 South Road Bedford MA 01730 Construction 674252 Heritage Healthcare 1009 Resevoir Ave Cranston RI 04215 Housekeeping Services 543491 Ryegate inc 141 grove street kingston MA 02364 Project Management 393525 Select Rehabilitation inc po box 809056 Chicago IL 606809056 REhab Services 386732 Dimella Shaffer 281 Summer St Boston MA 02110 Architects 305742 16 5887 5887 Apartment Service Revenue 623990 17926014 17926014 Skilled Nursing Revenue 623000 6908205 6908205 Enhanced Living Revenue 900099 3631827 3631827 Entrance Fees 623000 3264506 3264506 31730552 319229 187 319042 88737 24647 64090 64090 64090 39244235 37115156 93430 2129079 -93430 2035649 2035649 45961 39278 6683 6683 guest catering/dining 900099 152215 152215 support services 900099 69600 69600 Activity/Trip Fees 900099 62965 62965 38777 38777 323557 34485647 31730552 187 2749021 219601 219601 12096632 9492834 2603798 171617 136867 34750 1749913 1485743 264170 953668 750290 203378 1226958 1226958 29400 29400 90154 90154 760 760 91253 91253 1456155 915303 540852 132301 132301 2201459 1482770 718689 280519 54361 226158 2503379 1463863 1039516 29224 25813 3411 36389 20193 16196 4276788 4276788 7096656 7096656 409550 58375 351175 Dining Service Expense 1647098 1647098 Lease Agreement Expense 1016136 1016136 Resident Incentives 499695 499695 Repairs & Maintenance 407597 364707 42890 1095461 903091 192370 39718363 30394353 9324010 0 200 200 1869192 4515997 1073577 818331 277526 365252 575882 339283 197557250 55162587 131662457 142394663 25396141 25033006 16489229 16478848 16014223 8146996 193358427 198092576 6147413 3373964 22331865 30356445 59617351 47981975 3454551 425614 11988700 280351 116597941 147473739 220137821 229892088 X -26779394 -31799512 -26779394 -31799512 193358427 198092576 -5232716 212598 0 X 0 1 X 1 0 X 5887 5887 24182577 23488273 24001440 27893338 31730552 131296180 24182577 23488273 24001440 27893338 31736439 131302067 0 0 0 131302067 643160 643090 768316 493286 407779 2955631 643160 643090 768316 493286 407779 2955631 179306 311623 322489 369518 1182936 24825737 24310669 25081379 28709113 32513736 135440634 0.96940 0.96640 0.02180 0.02720 X Schedule A, Part III, Line 12, Explanation of Other Income: GENERAL STORE SALES - 2013 Amount: $ 50,492. 2014 Amount: $ 55,352. 2015 Amount: $ 53,300. 2016 Amount: $ 45,961. GUEST ROOMS/COTS - 2013 Amount: $ 55,669. ACTIVITY/TRIP FEES - 2013 Amount: $ 32,267. 2014 Amount: $ 22,898. 2015 Amount: $ 48,229. 2016 Amount: $ 62,965. MISC INCOME - 2013 Amount: $ 40,878. 2014 Amount: $ 39,996. CUSTOMIZATION INCOME - 2014 Amount: $ 21,028. 2015 Amount: $ 26,761. 2016 Amount: $ 31,536. COURSES EVENT REGISTRATION - 2014 Amount: $ 16,025. 2015 Amount: $ 10,261. 2016 Amount: $ 2,169. WELLNESS REVENUE - 2014 Amount: $ 9,138. 2015 Amount: $ 5,151. 2016 Amount: $ 4,802. GUEST CATERING/DINING - 2014 Amount: $ 147,186. 2015 Amount: $ 153,442. 2016 Amount: $ 152,485. Support Services - 2015 Amount: $ 25,345. 2016 Amount: $ 69,600. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 760 760 0 Part II-B, Line 1: THE ORGANIZATION PAYS DUES TO ASSOCATIONS WHOSE PURPOSE IT IS TO SUPPORT SENIOR CITIZENS AND THEIR NEEDS. A PORTION OF THE DUES PAID IS ALLOCATED TO LOBBYING. 0 1 X 12490528 12490528 134594874 41973334 92621540 20082665 12672208 7410457 30389183 517045 29872138 142394663 Alternative Investments 16478848 F 16478848 Refunds Payable 1448002 Refundable Entrance Fees 143039375 Accrued Lease Obligation 1596286 Accrued Interest Payable 1203802 Due to Affiliate 186274 147473739 X 34764347 212598 -91253 121345 34643002 -157355 -157355 34485647 39784465 157355 157355 39627110 91253 91253 39718363 Part IV, Line 2b: North Hill Needham maintains escrow accounts for private pay residents in the skilled nursing and enhanced living environments and also for potential independent living residents. Part X, Line 2: The Company accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in fiscal years 2017 and 2016. Part XI, Line 2d - Other Adjustments: Investment Fees -91,253. Part XI, Line 4b - Other Adjustments: LOSS ON DISPOSAL OF PROPERTY -93,430. COST OF GOODS SOLD -39,278. RENTAL EXPENSES -24,647. Part XII, Line 2d - Other Adjustments: LOSS ON DISPOSAL OF PROPERTY 93,430. COST OF GOODS SOLD 39,278. RENTAL EXPENSES 24,647. Part XII, Line 4b - Other Adjustments: Investment Fees 91,253. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 6813871 0 0 0 0 0 0 6813871 0 6813871 1 0 1 0 0 0 X X X X 0 0 0 0 0 0 0 1 0 Darren Roy chief financial officer 0 166009 0 0 0 321 0 3329 0 8122 0 177781 0 0 Kevin L Burke President & Chief executive officer 0 262907 0 0 0 1161 0 5479 0 22963 0 292510 0 0 David Maw Executive Director 155436 0 0 0 919 0 3033 0 24478 0 183866 0 0 0 Maria Byrne Director of Sales 126948 0 52390 0 239 0 1937 0 11051 0 192565 0 0 0 Part I, Line 7 BONUS AMOUNTS REPORTED ON SCHEDULE j, PART II, COLUMN B(II) ARE DETERMINED ON A YEARLY BASIS AT THE DISCRETION OF EXECUTIVE MANAGEMENT and the board of trustees. A Massachusetts Development Finance Agency 043431814 57583UXU7 2013-07-10 92584988 The refunded M&T Bank loan was issued on April 25, 2012. 0 0 0 A 43485000 94172261 3967536 2251817 1628597 61076567 25229152 18592 2016 1 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 part 1(f): the refunded M&T bank loan was issued onapril 25, 2012. Part III, Line 3 Amount listed differs from the issue price listed in part I, (E) due to investment earnings accrued. Part III, Line 7 As provided in Treasury Regulation Section 1.141-4(c)(i)(b), the amount of private payments taken into account under the private payment test may not exceed the amount of private use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, Line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, Line 6, is not in excess of amounts permitted under section 145 of the code. Part IV, Line 2 The portion of the bonds that currently refunded the M&T Bank loan met the 6 month expenditure exception. Form 990, Part VI, Section A, line 6 North Hill Communities, Inc. is the sole member of North Hill Needham, Inc. Form 990, Part VI, Section A, line 7a The board of trustees shall consist of no less than three nor more than fifteen voting trustees as shall be determined from time to time by resolution of the member. Form 990, Part VI, Section B, line 11b A professional accounting firm prepares a draft of Form 990. It is reviewed by management, changes are made and a copy is provided to the board prior to filing. Form 990, Part VI, Section B, line 12c Monitoring - The organization's conflict of interest policy provides that, annually, each trustee shall complete and submit to the chairman of the board of trustees or his/her designee a "Statement of Outside Interest and Activities Form" outlining any possible conflict of interest or a statement indicating that no such conflicts of interest exist. Any newly-appointed trustee shall be asked to complete and submit the "Statement of Outside Interest and Activities Form." Employees and agents are required to report any potential or actual conflicts concerning themselves or family members to management. Members of senior management are also required to report any potential or actual conflicts concerning themselves or family members. Trustees would not be allowed to vote on any issues with which they have a conflict. Enforcement - Failure to disclose a conflict or potential conflict of interest or to take whatever action is deemed appropriate by the chairman of the board may result in removal from office unless the conflict or potential conflict can be resolved. Senior management is subject to the code of conduct which is enforced by the corporate compliance committee. Who is covered? - The organization's conflict of interest policy covers each member or the organization's board of trustees. senior management, employees and agents are also subject to the code of conduct. Level of determination and review of conflicts - The chairman reviews all completed "Statement of Outside Interest and Activities Forms" regarding conflicts of interest. As soon as any situation as to which a trustee may be in doubt comes to his/her attention, full disclosure must be made to the chairman of the board so as to permit an impartial and objective determination of whether a real or potential conflict of interest exists. Management and/or the corporate compliance committee review conflicts reported by employees or agents. Employees are not allowed to participate in many arrangements such as joint ventures with an actual or potential referral source and cannot be an officer, director, manager or consultant of a potential competitor or supplier. These arrangements are expressly prohibited pursuant to the code of conduct. Restrictions placed on conflicted persons - If a conflict or potential conflict is deemed by the chairman of the board to exist, then the trustee may be required, among other things, to refrain from participating in discussion and decision-making in regard to this matter on behalf of the organization and to remove himself or herself from the meeting during such action. Form 990, Part VI, Section B, line 15 North Hill Communities, Inc., the sole member of North Hill Needham, Inc., handles the responsibility of determining compensation for Needham's CEO, other officers, and key employees or management officials. nORTH hILL cOMMUNITIES, iNC. determines the compensation of the CEO, Executive Director and other officers and key employees by reviewing compensation data from the Form 990 of similar organizations, as well as by utilizing the services of a compensation consultant and reviewing a compensation study. This information is analyzed by the HR trustees committee, which brings the recommendations to the board for approval. the compensation study is performed annually for the CEO and bi-annually for other management personnel. Form 990, Part VI, Section C, line 19 THE Governing documents, conflict of interest policy, and financial statements are available to the general public upon request. North Hill Communities Inc 865 Central Ave Needham MA 02492 264416455 Management Services MA 501(c)(3) Line 12b, II N/A 0 North Hill Home Health Care Inc 865 Central Ave Needham MA 02492 454336870 Home Healthcare Services MA 501(c)(3) Line 10 North Hill Communities Inc 0 Connected for Life Inc 865 Central Ave needham MA 02492 811415511 home Healthcare Services MA 501(c)(3) Line 10 North Hill Communities Inc 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0