2017-05-12T12:23:18-05:00 2016-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2015-07-01 911969322 SEVEN HILLS FOUNDATION INC & AFFILIATES SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 MICHAEL MATTHEWS SENIOR VP/CFO 5087552340 2017-05-12 1 DAVID G EATON CPA P00545132 5087557107 2017-05-12 2015 2021-01-29 14:40:06Z MICHAEL MATTHEWS 81 HOPE AVENUE WORCESTER MA 01603 200953152 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. 18 18 4629 500 0 0 2373598 1442441 182411269 186190587 1673117 185983 1863872 6052498 188321856 193871509 103324 116873 0 0 110106292 115924437 0 0 81913 72278820 72336035 182488436 188377345 5833420 5494164 203627637 191359034 142909127 125316620 60718510 66042414 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 1 59926969 68774896 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. 29099240 29270222 CHILDRENS AID AND FAMILY SERVICES: TO PROVIDE DAY CARE, INFORMATION & REFERRAL, AND COUNSELING SERVICES TO CHILDREN AND THEIR FAMILIES. 23698610 23430890 SEVEN HILLS RHODE ISLAND: TO PROVIDE ADULT SERVICES, RESIDENTAL SERVICES, INDEPENDENT LIVING, AND CHILD AND FAMILY SERVICE PROGRAMS TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES 62471530 116873 70463062 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. 62471530 116873 70463062 175196349 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 1 0 0 0 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 1 193 23 1 4629 1 0 0 0 0 0 1 1 0 0 X 18 18 1 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MA RI NJ X MICHAEL MATTHEWS CFO 5089832901 81 HOPE AVENUE WORCESTER MA 01603 TAMMY MURRAY TRUSTEE 2.00 X 0 0 0 ARLENE LIAN TRUSTEE 2.00 X 0 0 0 ROBIN RHODES 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 HELEN GARCIA 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 MASSIELLO 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 JAMES PATTERSON 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 SIMON TRUSTEE 2.00 X 0 0 0 PETER STANTON TRUSTEE 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 CHRIS CIOCIOLO TRUSTEE 2.00 X 0 0 0 THOMAS CULLINANE TRUSTEE 2.00 X 0 0 0 BRIAN DONOVAN TRUSTEE 2.00 X 0 0 0 KATE ROY SULLIVAN PHD TRUSTEE 2.00 X 0 0 0 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 BRIAN NEWTON 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 0 0 0 JEANNE ANTONUCCI DIRECTOR 2.00 X 0 0 0 CHARLES AUSTIN DIRECTOR 2.00 X 0 0 0 MAUREEN F BINIENDA DIRECTOR 2.00 X 0 0 0 BRIAN R FORTS ESQ VICE CHAIR 2.00 X 0 0 0 MELVIN P GORDON CLERK 2.00 X 0 0 0 JOHN HEALY MEMBER AT LARGE 2.00 X 0 0 0 ROBERT L MAHAR TREASURER 2.00 X 0 0 0 TODD C MCDONALD DIRECTOR 2.00 X 0 0 0 DEBORAH NEEDLEMAN 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 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 ROBERT JOHNSON PHD TRUSTEE 2.00 X 0 0 0 MEGAN MCDONOUGH TRUSTEE 2.00 X 0 0 0 FREDERIC H MULLIGAN 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 KENNETH S ANSIN TRUSTEE 2.00 X 0 0 0 DR CHARLES P CONROY 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 DARLENE A MOORE TRUSTEE 2.00 X 0 0 0 DR DAVID JORDAN DHA PRESIDENT/CEO 40.00 X 322846 0 447149 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 40.00 X 336590 0 38169 DR KATHLEEN JORDAN DHA SR. VICE PRESIDENT/CPO 40.00 X 207572 0 71052 MICHAEL MATTHEWS CFO 40.00 X 126527 0 29032 DR GOURI DATTA MEDICAL DIRECTOR NARCOTIC 40.00 X 260896 0 1449 RICHARD NECKES VP SHCS 40.00 X 169817 0 13457 ROBERT MILLER MEDICAL DIRECTOR 40.00 X 141850 0 0 LEE DALPHONSE VP SHBH 40.00 X 133221 0 6256 DON MARTEL VP HOME BASED COUNSELING 40.00 X 128407 0 29789 WILLIAM STOCK VP GOV. AND COMM. RELATIONS 40.00 X 130498 0 17188 MARILYN LOPEZ HADDAD VP OF HR 40.00 X 125299 0 29099 2083523 0 682640 24 0 1 0 NEW ENGLAND CONSTRUCTION 293 BOURNE AVE RUMFORD RI 02916 BUILDING CONTRACTOR 1669009 RP MASIELLO PO BOX 742 BOYLSTON MA 01505 BUILDING CONTRACTOR 1290509 RAMSAY BARRETT 705 MYLES STANDISH BLVD TAUNTON MA 02780 BUILDING CONTRACTOR 1139923 RUBICON BUILDERS LLC 705 MYLES STANDISH BLVD TAUNTON MA 02780 BUILDING CONTRACTOR 1006117 FACILITIES MGMT & MAINTENANCE 1000 MT LAUREL CIRCLE SHIRLEY MA 01464 MAINTENANCE/JANITORIAL 860673 37 35531 1406910 25119 1442441 FEES/CONTRACT GOV AGENCIES 623990 144882461 144882461 MEDICARE/MEDICAID 623990 29273755 29273755 RENT, VENDING, SERVICE FEES 623990 5325920 5325920 PRIVATE CONTRACT FEES 623990 3895614 3895614 PRIVATE CONTRACT FEES 623990 1843095 1843095 969742 969742 186190587 718010 718010 4298481 898239 4516522 1212225 -218041 -313986 -532027 -313986 -218041 14400 35531 24371 -9971 -9971 1716432 1328525 387907 387907 GAIN ON DISCONTINUED OPERATIONS 900099 4126235 4126235 OTHER REVENUE 623990 1548327 1548327 5674562 193871509 191939070 0 489998 116873 116873 1958224 1958224 92611680 87507958 5103722 13847850 12119735 1728115 7506683 7134124 372559 225504 23931 201573 103697 103697 59015 59015 356881 1965 354916 6158399 5872074 286325 9378129 8946982 431147 3715963 3565164 150799 534147 87242 446905 3897695 3496994 400701 4723853 4340826 383027 1010339 931128 79211 CHILD CARE VOUCHER PAYM 27155098 27155098 SPECIALIZED HOME CARE 10020012 10020012 MISCELLANEOUS 6347211 3840233 2506978 CLINICAL CONSULTANTS 3006753 2457345 549408 -4356661 -4438574 81913 188377345 175196349 13099083 81913 10873297 14068382 275000 55000 19571885 26745263 593932 541260 155730216 41802030 114473009 113928186 24772555 24129524 1141927 1854064 31926032 10037355 203627637 191359034 15501941 14438239 111560422 88820740 10618471 16034562 5228293 6023079 142909127 125316620 X 56208884 62103038 3937650 3367400 571976 571976 60718510 66042414 203627637 191359034 X 5494164 -370421 200161 X 0 1 X 1 1 1 X 896391 1304975 2147034 2373598 1442441 8164439 137589422 148901187 169037643 183973855 191551163 831053270 29292 29292 29292 29292 29292 146460 138515105 150235454 171213969 186376745 193022896 839364169 0 0 0 839364169 383579 591997 679676 761966 718010 3135228 383579 591997 679676 761966 718010 3135228 3100421 301321 270736 314266 387907 4374651 141999105 151128772 172164381 187452977 194128813 846874048 0.99110 0.98990 0.00370 0.00350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20176216 331432 628984 19878664 20172549 305502 301835 20176216 18642589 1529960 20172549 12118106 6524483 18642589 13212750 -1094644 12118106 0.80220 0.02880 0.16900 0 0 14649774 14649774 125593085 31194238 94398847 13840452 10607792 3232660 1646905 1646905 113928186 LOAN ACQUISITION COSTS 3081772 DEPOSITS AND OTHER ASSETS 272406 CASH VALUE OF LIFE INSURANCE 3306874 REFUNDS HELD IN ESCROW FROM T/E BONDS - LONG TERM 3376303 10037355 DEFERRED COMPENSATION LIABILITY 6023079 6023079 X 195000051 -370421 29292 1528686 1187557 193812494 59015 59015 193871509 189676147 29292 1328525 1357817 188318330 59015 59015 188377345 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 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. THE BOARD OF DIRECTORS HAS INTERPRETED STATE LAW AS ALLOWING THE UTILIZATION OF APPRECIATION ON PERMANENTLY RESTRICTED ASSETS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS PERMANENTLY 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 IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED 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. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED 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 FOUNDATION'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS 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. 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 AND DIVIDENDS). 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. PART X, LINE 2: THE FOUNDAITON 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. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDAITON IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,328,525. UNREALIZED GAIN ON HEDGING INSTRUMENT 200,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,328,525. 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 0 BO, SIERRA LEONE GRANTS CLINICAL SERVICES 74740 ACCRA, GHANA GRANTS CLINICAL SERVICES 13603 LOMA LINDA, GUATEMALA GRANTS CLINICAL SERVICES 11230 KHULA, BANGLADESH GRANTS CLINICAL SERVICES 12550 NAIROBI, KENYA, AFRICA GRANTS CLINICAL SERVICES XEYLA, GUATEMALA GRANTS CLINICAL SERVICES LA GONAVE, HAITI GRANTS CLINICAL SERVICES 2750 NIMBA COUNTY, LIBERIA GRANTSGRANTS CLINICAL SERVICES 1000 SINOE COUNTY, LIBERIA GRANTS CLINICAL SERVICES 1000 0 0 0 0 0 0 115873 1000 116873 BO,SIERRA LEONE CLINICAL WIRE TRANSFER BOOK ACCRA, GHANA CLINICAL WIRE TRANSFER BOOK LOMA LINDA, GUATEMALA CLINICAL WIRE TRANSFER BOOK KHULA, BANGLADESH CLINICAL WIRE TRANSFER BOOK NAIROBI, KENYA, AFRICA CLINICAL WIRE TRANSFER BOOK XEYLA, GUATEMALA CLINICAL 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 BI-ANNUAL PROGRESS REPORTS AND ANNUAL BUDGET REVIEWS. NEW BEGINNINGS GOLF TOURNAMENT 49931 35531 14400 9971 14400 49931 35531 14400 9971 14400 24371 -9971 1622758 1077736 227749 1 1.00000 93674 23040 1 1.00000 1716432 1077736 250789 1328525 387907 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 423500 FORM 990, SCHEDULE G, PART III, LINE 17B THIS AMOUNT INCLUDES INTER-COMPANY DISTRIBUTIONS AS WELL AS DISTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS. X X X X 0 1 0 0 0 0 0 0 0 DR DAVID JORDAN DHA PRESIDENT/CEO 314134 0 0 0 8712 0 432480 0 14669 0 769995 0 0 0 DR JOSEPH TOSCHES DBA EXECUTIVE VP/COO 329307 0 0 0 7283 0 23500 0 14669 0 374759 0 0 0 DR KATHLEEN JORDAN DHA SR. VICE PRESIDENT/CPO 206672 0 0 0 900 0 71052 0 0 0 278624 0 0 0 MICHAEL MATTHEWS CFO 126527 0 0 0 0 0 29032 0 0 0 155559 0 0 0 DR GOURI DATTA MEDICAL DIRECTOR NARCOTIC 260896 0 0 0 0 0 0 0 1449 0 262345 0 0 0 RICHARD NECKES VP SHCS 169817 0 0 0 0 0 0 0 13457 0 183274 0 0 0 DON MARTEL VP HOME BASED COUNSELING 127822 0 0 0 585 0 16391 0 13398 0 158196 0 0 0 MARILYN LOPEZ HADDAD VP OF HR 120235 0 0 0 5064 0 15701 0 13398 0 154398 0 0 0 PART I, LINE 4B DAVID A. JORDAN, DHA - DEFINED BENEFIT PLAN & DEFERRED COMPENSATION $432,480 JOSEPH L. TOSCHES - DEFINED BENEFIT PLAN $23,500 DR KATHLEEN JORDAN, DHA - DEFERRED COMPENSATION $71,052 MICHAEL MATTHEWS - DEFERRED COMPENSATION $29,032 LEE A. DALPHONSE - DEFERRED COMPENSATION $6,256 DON MARTEL - DEFERRED COMPENSATION $16,391 WILLIAM STOCK - DEFERRED COMPENSATION $17,188 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 381002 11715020 2010 0 0 1 1 B 5500000 171175 5305712 2010 0 0 1 1 C 8051000 278350 7075135 2013 0 0 1 1 D 3555000 119268 3197063 2013 0 0 1 1 A 0 0 0 0 0 1 0.14180 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 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 0 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 SCHEDULE K, PART II, QUESTION 14, ENTITY 2, COLUMN C ISSUES REFUNDED WITH CURRENT ISSUE ARE AS FOLLOWS: 1999 ISSUE $9,845,000 2002 ISSUE $11,680,000 2005 ISSUE $20,620,000 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 A 1655000 23685 1606835 2014 0 0 1 1 B 11653000 159840 11493160 2004 0 0 1 1 C 55835000 3376302 471447 59260474 2015 1 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 0.11420 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 A 0 B 1 C 1 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 229016 ARCHITECTURAL SERVICES 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 15000 MANAGEMENT FEE EXPENSE 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 24000 RENTAL INCOME 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 13914 AAA DISTRIBUTION 0 X 1 15148 FMV X RAFFLE ITEMS DONATED 16 9971 FMV 0 1 0 FORM 990, PART III, LINE 3 DISCONTINUED OPERATIONS AND SALE OF SEVEN HILLS BEHAVIORAL HEALTH AND RELATED METHADONE AND SUBSTANCE ABUSE PROGRAMS FORM 990, PART VI, SECTION A, LINE 2 DAVID JORDAN, THE PRESIDENT/CEO, IS MARRIED TO KATHLEEN JORDAN WHO IS THE SR. VICE PRESIDENT/CPO. 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 11 THE BOARD OF DIRECTORS, CEO, CFO, AND COO 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 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 GAIN ON HEDGING INSTRUMENT 200,161. 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