2016-05-16T10:34:48-05:00 2015-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2014-07-01 043293659 SEVEN HILLS FOUNDATION SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 JOSEPH L TOSCHES EXECUTIVE VICE PRESIDENT/COO 5087552340 2016-05-13 1 DAVID G EATON CPA P00545132 5087557107 2016-05-13 2014 2016-08-17 19:52:53Z DR JOSEPH L TOSCHES DB 81 HOPE AVENUE WORCESTER MA 01603 23805703 0 3444 X WWW.SEVENHILLS.ORG X 1953 MA TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE SEVENTEEN AFFILIATES UNDER COMMON CONTROL. 18 18 2047 500 59995 0 1055815 761759 7594520 8357484 2137442 1556625 609846 537658 11397623 11213526 0 0 0 0 5397704 5680779 0 0 78486 3610233 4392787 9007937 10073566 2389686 1139960 139179460 168782033 97517756 127407186 41661704 41374847 TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE SEVENTEEN AFFILIATES UNDER COMMON CONTROL. 0 0 9995080 8682422 TO PROVIDE MANAGEMENT AND OVERSIGHT TO THE SEVENTEEN AFFILIATES UNDER COMMON CONTROL. 9995080 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 1 146 0 1 2047 1 1 1 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 MA X MICHAEL MATTHEWS CFO 5089832901 81 HOPE AVENUE WORCESTER MA 01603 HONORABLE MATTHEW BEATON TRUSTEE 2.00 X 0 0 0 FRANCES POLITO DIRECTOR 2.00 X 0 0 0 DEBORAH PENTA TRUSTEE 2.00 X 0 0 0 PAULA ROSENBLUM 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 MORGAN DYKSTAR TRUSTEE 2.00 X 0 0 0 HELEN GARCIA TRUSTEE 2.00 X 0 0 0 MAUREEN GRAY TRUSTEE 2.00 X 0 0 0 DAVID GREENWOOD TRUSTEE 2.00 X 0 0 0 DR MARK HASSO DIRECTOR 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 KAREN MUGGERIDGE 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 TODD MCDONALD DIRECTOR 2.00 X 0 0 0 RUTHANN MELANCON TRUSTEE 2.00 X 0 0 0 JONI MILLUZO TRUSTEE 2.00 X 0 0 0 HONORABLE RICHARD T MOORE 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 BENJAMIN NWOSU 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 JAMES PATTERSON TRUSTEE 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 BINIENDA DIRECTOR 2.00 X 0 0 0 ATTORNEY BRIAN R FORTS DIRECTOR 2.00 X 0 0 0 MELVIN GORDON CLERK 2.00 X 0 0 0 JOHN HEALY CHAIRMAN 2.00 X 0 0 0 ARLENE LIAN TRUSTEE 2.00 X 0 0 0 ROBERT L MAHAR TREASURER 2.00 X 0 0 0 DEBORAH J NEEDLEMAN DIRECTOR 2.00 X 0 0 0 DR DAVID PAYDARFAR DIRECTOR 2.00 X 0 0 0 JOHN PROSSER MEMBER-AT-LARGE 2.00 X 0 0 0 MARIANNE E ROGERS DIRECTOR 2.00 X 0 0 0 HANNAH KANE TRUSTEE 2.00 X 0 0 0 JOHN N ALTOMARE ESQ VICE CHAIR 2.00 X 0 0 0 DR CAMILLE ROBERTS TRUSTEE 2.00 X 0 0 0 TAMMY MURRAY TRUSTEE 2.00 X 0 0 0 ROBIN RHODES TRUSTEE 2.00 X 0 0 0 CLAIRE M SWAN MEMBER-AT-LARGE 2.00 X 0 0 0 ELLEN AMADIO-AUBUCHON TRUSTEE 2.00 X 0 0 0 ARLENE BETTERIDGE TRUSTEE 2.00 X 0 0 0 JOSEPH J BEVILACQUA PHD 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 JONATHAN 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 LT GOV KARYN POLITO TRUSTEE 2.00 X 0 0 0 FRANK SMITH TRUSTEE 2.00 X 0 0 0 KATE ROY SULLIVAN PHD 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 ROBERT E PAULSEN JR TRUSTEE 2.00 X 0 0 0 ROBERT JOHNSON PH D PRES TRUSTEE 2.00 X 0 0 0 DR MARTHA MCKENNA DIRECTOR 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 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 MATTHEW J PELOQUIN 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 DR DAVID A JORDAN DHA PRESIDENT 40.00 X 335205 0 400727 DR JOSEPH L TOSCHES DBA EXECUTIVE VP/COO 40.00 X 334078 0 36321 DR KATHLEEN JORDAN DHA SR VICE PRESIDENT/CPO 40.00 X 193717 0 71053 MICHAEL P MATTHEWS CFO 40.00 X 133063 0 29032 MARILYN LOPEZ-HADDAD VP OF HUMAN RESOURCES 40.00 X 127700 0 27786 WILLIAM STOCK VP GOVERNMENT RELATIONS 40.00 X 122988 0 16764 DOMENIC SMARRA VP IT 40.00 X 110023 0 0 KATHLEEN A MYSHRALL VP OF ADVANCEMENT 40.00 X 108203 0 11476 1464977 0 593159 8 0 1 0 NETSMART TECHNOLOGIES PO BOX 823519 PHILADELPHIA PA 19182 IT/SOFTWARE 518651 COMPETITIVE EDGE SERVICES 44 BEARFOOT ROAD SUITE 1A NORTHBOROUGH MA 01532 IT/SOFTWARE 178689 THE LOWELL SUN PUBLISHING CO PO BOX 65230 COLORADO SPRINGS CO 80962 ADVERTISING 162223 FLETCHER TILTON 370 MAIN STREET WORCESTER MA 01608 LEGAL 139162 4 35144 726615 12989 761759 PROGRAM SERVICES 623990 8356932 8356932 552 552 8357484 645474 645474 12483204 1005528 11406338 1171243 1076866 -165715 911151 -165715 1076866 1606 35144 14596 -12990 -12990 OTHER REVENUE 623990 490653 490653 LLC/S-CORP TAXABLE INCOME 900099 59995 59995 550648 11213526 8682422 59995 1709350 1464977 1464977 2648048 2648048 1271559 1271559 296195 296195 177392 177392 145125 145125 103300 103300 67715 67715 367661 367661 491851 491851 92923 92923 376511 376511 522316 522316 278857 278857 54645 54645 MISCELLANEOUS 540672 540672 CONSULTANTS 444575 444575 SUPPLIES 193036 193036 POSTAGE & SHIPPING 141237 141237 394971 316485 78486 10073566 9995080 0 78486 215900 472600 407635 275000 16210 12131 155565524 41092515 106360874 114473009 24679571 24772555 785916 1141927 6713354 27634811 139179460 168782033 80237033 111560422 12444375 10618471 4836348 5228293 97517756 127407186 X 41661704 41374847 41661704 41374847 139179460 168782033 X 1139960 -1491039 64222 X 0 1 X 1 1 1 X 382957 176098 753926 1055815 761759 3130555 5654326 5964539 6574468 8186022 8682422 35061777 6037283 6140637 7328394 9241837 9444181 38192332 0 0 0 38192332 357338 360202 586908 591786 645474 2541708 357338 360202 586908 591786 645474 2541708 582101 2796299 -6931 34123 59995 3465587 6976722 9297138 7908371 9867746 10149650 44199627 0.86410 0.85080 0.05750 0.07030 X PART III, SECTIONS B, C AND D 2013 PUBLIC SUPPORT AND INVESTMENT INCOME PERCENTAGES HAVE BEEN UPDATED FROM THE ORIGINALLY FILED AMOUNTS TO EXCLUDE GROSS INCOME FROM SALE OF CAPITAL ASSETS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20172549 305502 301835 20176216 18642589 1529960 20172549 12118106 6524483 18642589 13212750 -1094644 12118106 10759106 2453644 13212750 0.79000 0.03000 0.18000 0 0 14114920 14114920 123146603 29310747 93835856 15720731 11781768 3938963 2583270 2583270 114473009 OTHER ASSETS 2540521 REFUNDS HELD IN ESCROW FROM T/E BONDS - SHORT TERM 21080266 REFUNDS HELD IN ESCROW FROM T/E BONDS - LONG TERM 4014024 27634811 DEFERRED COMPENSATION LIABILITY 5228293 5228293 X 9718993 -1491040 124217 -1366823 11085816 67715 59995 127710 11213526 10005851 0 10005851 67715 67715 10073566 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 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 OR ACTIVITIES, OR CASH FLOWS. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDAITON IS NO LONGER SUBJECT OT U.S. FEDERAL INCOME TAX EXAMINIATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON HEDGING INSTRUMENT 124,217. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAXABLE INCOME ON LLC/S-CORPS 59,995. NEW BEGINNINGS GOLF TOURNAMENT 36750 35144 1606 12989 14596 36750 35144 1606 12989 14596 27585 -25979 X X X X 0 1 0 0 0 0 0 0 0 DR DAVID A JORDAN DHA PRESIDENT 327843 0 0 0 7362 0 387906 0 12821 0 735932 0 0 0 DR JOSEPH L TOSCHES DBA EXECUTIVE VP/COO 327514 0 0 0 6564 0 23500 0 12821 0 370399 0 0 0 DR KATHLEEN JORDAN DHA SR VICE PRESIDENT/CPO 192742 0 0 0 975 0 71053 0 0 0 264770 0 0 0 MICHAEL P MATTHEWS CFO 131913 0 1150 0 0 0 29032 0 0 0 162095 0 0 0 MARILYN LOPEZ-HADDAD VP OF HUMAN RESOURCES 127100 0 600 0 0 0 15289 0 12497 0 155486 0 0 0 PART I, LINE 4B DR. DAVID A. JORDAN, DHA - DEFINED BENEFIT PLAN & DEFERRED COMPENSATION $387,906 DR. JOSEPH L. TOSCHES, DBA - DEFINED BENEFIT PLAN $23,500 DR. KATHLEEN JORDAN, DHA - DEFERRED COMPENSATION $71,053 MICHAEL MATTHEWS- DEFERRED COMPENSATION $29,032 WILLIAM STOCK - DEFERRED COMPENSATION $16,764 MARILYN LOPEZ-HADDAD - DEFFERED COMPENSATION $15,289 KATHLEEN MYSHRALL - DEFERRED COMPENSATION $11,476 THE EMPLOYER CONTRIBUTES THESE DEFERRED COMPENSATION AMOUNT INTO A NON QUALIFIED INELIGIBLE 457(F) PLAN. THESE AMOUNTS CONTRIBUTED INTO THE 457(F) PLAN ARE NOT VESTED AND SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE IN THE EVENT THAT EMPLOYEES DO NOT FULFILL 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 2005-07-01 24285000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 D MASS DEVELOPMENT FINANCE AGENCY 043431814 2011-12-29 8051000 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 23300000 1588244 765886 22750329 2007 0 0 1 1 D 8051000 278350 7075135 2013 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 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 0 0 0 0 1 D 0 1 1 1 1 1 TD BANK 4.000000000000 0 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 DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/16/2014 ISSUER NAME: MASS HEFA REVENUE BONDS DATE THE REBATE COMPUTATION WAS PERFORMED: 11/19/2014 SCHEDULE K, PART II, QUESTION 14, ENTITY 2, COLUMN D 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 2012-06-01 3555000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 B RI HEALTH & EDUCATIONAL BUILDING CORP 000052919 2013-06-01 1655000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 C MASS HEFA REVENUE BONDS 042456011 2004-11-19 11653000 CONSOLIDATE LOANS 0 0 0 D MASS DEVELOPMENT FINANCE AGENCY 043431814 57583U6N3 2015-04-09 55835000 FINANCE/REFINANCE CAPITAL PROJECTS 0 0 0 A 3555000 119268 3197063 2013 0 0 1 1 B 1655000 23685 1606835 2014 0 0 0 1 C 11653000 159840 11493160 2004 0 0 1 1 D 55835000 4014024 21080266 471447 16655208 21525000 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 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 1 1 1 1 1 TD BANK 10.000000000000 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 1 D 1 LUANNE PERRY SISTER OF JOSEPH TOSCHES 10000 MANAGEMENT FEE EXPENSE 0 LUANNE PERRY SISTER OF JOSEPH TOSCHES 15322 AAA DISTRIBUTION 0 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 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 INCLUDED AN INDEPENDENT STUDY BY AN OUTSIDE AGENCY. 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 124,217. /S-CORP -59,995. 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 OCCUPATIONAL & REHABILITATION SERVICES INC 81 HOPE AVENUE WORCESTER MA 01603 042274992 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS DISABILITY & 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 BEHAVIORAL HEALTH INC 81 HOPE AVENUE WORCESTER MA 01603 042173052 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 SEVEN HILLS EXTENDED CARE AT GROTON INC 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 AND FAMILY SERVICE INC 81 HOPE AVENUE WORCESTER MA 01603 042161932 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 STETSON SCHOOL INC 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 ICW 81 HOPE AVENUE WORCESTER MA 01603 042375529 EMPOWERMENT OF PEOPLE WITH SIGNIFICANT CHALLENGES MA 501(C)(3) 0 VSA OF MA 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 EMPIRICAL ASSET MANAGEMENT LLC ONE HOLLIS STREET WELLESLEY MA 02482 273376835 ASSET MANAGEMENT MA INVESTMENT 13564 503995 0 0 0.06000 BIRCH B LLC 23-23 BORDEN AVE LONG ISLAND CITY NY 11101 260527345 BEVERAGE MARKET DE UNRELATED 300000 0 0 0.05000 GROUP 7 DESIGN INC 83 CEDAR STREET MILFORD MA 01757 261688975 ARCHITECTURAL DESIGN MA N/A S 46431 337932 0.49900 0 SEVEN HILLS HOLDING CORPORATION 81 HOPE AVENUE WORCESTER MA 01603 460928673 REAL ESTATE HOLDING MA C 78100 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 GROUP 7 DESIGN INC Q 10000 BOOK