2016-05-16T10:34:48-05:00 2015-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2014-07-01 911969322 SEVEN HILLS FOUNDATION INC & AFFILIATES SEVE 5087552340 81 HOPE AVENUE WORCESTER MA 01603 JOSEPH L TOSCHES EXECUTIVE VP/COO 5087552340 2016-05-13 1 DAVID G EATON CPA P00545132 5087557107 2016-05-12 2014 2016-08-17 19:52:53Z DR JOSEPH L TOSCHES DBA 81 HOPE AVENUE WORCESTER MA 01603 202182828 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 4682 500 0 0 2147034 2373598 167465071 182411269 2225332 1673117 1843308 1863872 173680745 188321856 157407 103324 0 0 104542805 110106292 0 0 78486 65922170 72278820 170622382 182488436 3058363 5833420 169165814 203627637 112970626 142909127 56195188 60718510 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 56333678 65283611 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. 27946873 28036904 CHILDRENS AID AND FAMILY SERVICES: TO PROVIDE DAY CARE, INFORMATION & REFERRAL, AND COUNSELING SERVICES TO CHILDREN AND THEIR FAMILIES. 23415638 23274513 SEVEN HILLS RHODE ISLAND: TO PROVIDE ADULT SERVICES, RESIDENTAL SERVICES, INDEPENDENT LIVING; AND CHILD AND FAMILY SERVICE PROGRAMS TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES 63599437 103324 67527388 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. 63599437 103324 67527388 171295626 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 4682 1 0 0 0 0 0 0 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 RUTH 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 JOSEPH J BEVILACQUA PHD 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 FRANK SMITH 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 VICE 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 DIRECTOR 2.00 X 0 0 0 MELVIN P GORDON CLERK 2.00 X 0 0 0 DR MARK HASSO DIRECTOR 2.00 X 0 0 0 JOHN HEALY CHAIRMAN 2.00 X 0 0 0 DAVID A JORDAN DHA DIRECTOR 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 MEMBER AT LARGE 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 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 DR MARTHA MCKENNA DIRECTOR 2.00 X 0 0 0 DR DAVID JORDAN DHA PRESIDENT/CEO 40.00 X 335205 0 400727 DR JOSEPH 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 MATTHEWS CEO 40.00 X 133063 0 29032 KATHERINE CLEARY VP CLINICAL SERVICES/CAFS 40.00 X 285164 0 3350 DR MARIA BATILO MEDICAL DIRECTOR INTEGRATED HEALTH CARE 40.00 X 258097 0 2436 DR GOURI DATTA MEDICAL DIRECTOR NARCOTIC TREATMENT 40.00 X 229280 0 3987 RICHARD NECKES VP SHCS 40.00 X 176626 0 12479 ANN-MARIE MCCABE NURSE PRACTITIONER 40.00 X 143085 0 0 LEE DALPHONSE VP SHBH 40.00 X 140081 0 14172 HOLLY JAREK VP SEVEN HILLS PEDIATRIC CENTER 40.00 X 132236 0 19702 DON MARTEL VP HOME BASED COUNSELING 40.00 X 129912 0 28116 2490544 0 621375 12 0 1 0 NEW ENGLAND CONSTRUCTION 293 BOURNE AVE RUMFORD RI 02916 BUILDING CONTRACTOR 1884691 RUBICON BUILDERS LLC 705 MYLES STANDISH BLVD TAUNTON MA 02780 BUILDING CONTRACTOR 1506765 RAMSAY BARRETT 705 MYLES STANDISH BLVD TAUNTON MA 02780 BUILDING CONTRACTOR 945743 SENATE CONSTRUCTION CORP 1000 MT LAUREL CIRCLE SHIRLEY MA 01464 BUILDING CONTRACTOR 844420 RP MASIELLO PO BOX 742 BOYLSTON MA 01505 BUILDING CONTRACTOR 817611 18 35144 2338454 399430 2373598 FEES/CONTRACT GOV AGENCIES 623990 140300737 140300737 MEDICARE/MEDICAID 623990 28268723 28268723 PRIVATE CONTRACT FEES 623990 7774662 7774662 RENT, VENDING, SERVICE FEES 623990 5007103 5007103 HUD RENTAL SUBSIDY 623990 542115 542115 517929 517929 182411269 761966 761966 12483204 1005528 11406338 1171243 1076866 -165715 911151 -165715 1076866 1606 35144 14596 -12990 -12990 1583061 1268795 314266 314266 OTHER REVENUE 623990 1562596 1562596 1562596 188321856 184122416 0 1825842 103324 103324 2490544 2490544 87852342 83360164 4492178 12488768 11173745 1315023 7274638 6951824 322814 163305 10440 152865 103300 103300 67715 67715 375991 6010 369981 5596157 5387477 208680 8903559 8375667 527892 3405269 3302639 102630 485139 103951 381188 4031925 3472110 559815 4500551 4181046 319505 1010727 950551 60176 CHILD CARE VOUCHER PAYM 25908566 25908566 SPECIALIZED HOME CARE 9572122 9572122 MISCELLANEOUS 5405953 3696400 1709553 CLINICAL CONSULTANTS 2670055 2181331 488724 78486 78486 182488436 171295626 11114324 78486 11922626 10873297 407635 275000 18468276 19571885 400812 593932 155565524 41092515 106360874 114473009 24679571 24772555 785916 1141927 6140104 31926032 169165814 203627637 15452870 15501941 80237033 111560422 12444375 10618471 4836348 5228293 112970626 142909127 X 51458812 56208884 4164400 3937650 571976 571976 56195188 60718510 169165814 203627637 X 5833420 -1514591 204493 X 0 1 X 1 1 1 X 743562 896391 1304975 2147034 2373598 7465560 141735964 137589422 148901187 169037643 183973855 781238071 29292 29292 29292 29292 29292 146460 142508818 138515105 150235454 171213969 186376745 788850091 0 0 0 788850091 371376 383579 591997 679676 761966 2788594 371376 383579 591997 679676 761966 2788594 1309756 3100421 301321 270736 314266 5296500 144189950 141999105 151128772 172164381 187452977 796935185 0.98990 0.98900 0.00350 0.00320 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 LOAN ACQUISITION COSTS 3167859 DEPOSITS AND OTHER ASSETS 277197 CASH VALUE OF LIFE INSURANCE 3386686 REFUNDS HELD IN ESCROW FROM T/E BONDS - SHORT TERM 21080266 REFUNDS HELD IN ESCROW FROM T/E BONDS - LONG TERM 4014024 31926032 DEFERRED COMPENSATION LIABILITY 5228293 5228293 X 188242129 -1514592 29292 1493288 7988 188234141 67715 20000 87715 188321856 183718808 29292 1268795 1298087 182420721 67715 67715 182488436 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 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,268,795. UNREALIZED GAIN ON HEDGING INSTRUMENT 224,493. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONATED VAN NOT INCLUDED IN FINANCIAL STATEMENTS 20,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,268,795. 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 57700 ACCRA, GHANA GRANTS CLINICAL SERVICES 18500 LOMA LINDA, GUATEMALA GRANTS CLINICAL SERVICES 7359 KHULA, BANGLADESH GRANTS CLINICAL SERVICES 5800 NAIROBI, KENYA, AFRICA GRANTS CLINICAL SERVICES 1133 XEYLA, GUATEMALA GRANTS CLINICAL SERVICES 1000 0 0 0 0 0 0 91492 0 91492 BO,SIERRA LEONE CLINICAL 57700 WIRE TRANSFER BOOK ACCRA, GHANA CLINICAL 18500 WIRE TRANSFER BOOK LOMA LINDA, GUATEMALA CLINICAL 7359 WIRE TRANSFER BOOK KHULA, BANGLADESH CLINICAL 5800 WIRE TRANSFER BOOK NAIROBI, KENYA, AFRICA CLINICAL 1133 WIRE TRANSFER BOOK XEYLA, GUATEMALA CLINICAL 1000 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 36750 35144 1606 12989 14596 36750 35144 1606 12989 14596 27585 -25979 1491825 1017849 225746 1 1.00000 91236 25200 1 1.00000 1583061 1017849 250946 1268795 314266 MA 1 0 0 0 1.00000 JOSEPH TOSCHES SEVEN HILLS FOUNDATION 81 HOPE AVEN WORCESTER MA 01603 0 JOSEPH TOSCHES MANAGER OF EVENTS X 1 X X X X 0 1 0 0 0 0 0 0 0 DR DAVID JORDAN DHA PRESIDENT/CEO 327843 0 0 0 7362 0 387906 0 12821 0 735932 0 0 0 DR JOSEPH 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 MATTHEWS CEO 131913 0 1150 0 0 0 29032 0 0 0 162095 0 0 0 KATHERINE CLEARY VP CLINICAL SERVICES/CAFS 284464 0 700 0 0 0 3350 0 0 0 288514 0 89473 0 DR MARIA BATILO MEDICAL DIRECTOR INTEGRATED HEALTH C 257597 0 500 0 0 0 0 0 2436 0 260533 0 0 0 DR GOURI DATTA MEDICAL DIRECTOR NARCOTIC TREATMENT 228455 0 825 0 0 0 0 0 3987 0 233267 0 0 0 RICHARD NECKES VP SHCS 175926 0 700 0 0 0 0 0 12479 0 189105 0 0 0 LEE DALPHONSE VP SHBH 139481 0 600 0 0 0 14172 0 0 0 154253 0 0 0 HOLLY JAREK VP SEVEN HILLS PEDIATRIC CENTER 131086 0 1150 0 0 0 15715 0 3987 0 151938 0 0 0 DON MARTEL VP HOME BASED COUNSELING 128177 0 1150 0 585 0 15626 0 12490 0 158028 0 0 0 PART I, LINE 4B DAVID A. JORDAN, DHA - DEFINED BENEFIT PLAN & DEFERRED COMPENSATION $387,906 JOSEPH L. TOSCHES - DEFINED BENEFIT PLAN $23,500 DR KATHLEEN JORDAN, DHA - DEFERRED COMPENSATION $71,053 KATHARINE CLEARY - DEFERRED COMPENSATION $3,350 MICHAEL MATTHEWS - DEFERRED COMPENSATION $29,032 LEE A. DALPHONSE - DEFERRED COMPENSATION $14,172 HOLLY JAREK - DEFERRED COMPENSATION $15,715 DON MARTEL - DEFERRED COMPENSATION $15,626 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 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 2013-06-30 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 SIBLING-SISTER OF JOSEPH TOSCHES 387801 ARCHITECTURAL SERVICES 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 10000 MANAGEMENT FEE EXPENSE 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 16400 RENTAL INCOME 0 LUANNE PERRY SIBLING-SISTER OF JOSEPH TOSCHES 15322 AAA DISTRIBUTION 0 0 0 X 1 20000 FMV X NET ASSETS VSA OF MA 1 338597 FMV X NET ASSETS ICW 1 27844 FMV X RAFFLE ITEMS DONATED 25 12989 FMV 0 1 0 PART I, LINE 30B: DURING 2015, THE BOARD OF DIRECTORS OF THE SEVEN HILLS FOUNDATION AND THE BOARD OF DIRECTORS OF INTERNATIONAL CENTER OF WORCESTER(ICW) VOTED TO AUTHORIZE A MERGER WITH THE FOUNDATION. THE FOUNDATION HAS ASSUMED THE CONTRACTS OF ICW AND CONTINUED ITS OPERATIONS. DURING 2015, THE BOARD OF DIRECTORS OF THE SEVEN HILLS FOUNDATION AND THE BOARD OF DIRECTORS OF VERY SPECIAL ARTS (VSA) VOTED TO AUTHORIZE A MERGER WITH THE FOUNDATION. THE FOUNDATION HAS ASSUMED THE CONTRACTS OF VSA MASSACHUSETTS AND CONTINUED ITS OPERATIONS. 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 224,493. DONATED VAN FMV NOT INCLUDED IN FINANCIAL STATEMENTS -20,000. 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