2015-01-09T13:37:46-06:00 2014-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2013-07-01 042921507 NORTH AMERICAN FAMILY INSTITUTE INC % HILDEGARDE PARIS NORT 9785380286 26 HOWLEY STREET Suite PEABODY MA 01960 HILDEGARDE PARIS TREASURER/COO 9788824878 2015-01-05 true TARA D'AGOSTINO P01245482 9788824878 2013 2016-02-25 16:41:14Z DR YITZHAK BAKAL 26 HOWLEY STREET PEABODY MA 01960 21643875 false 9242 X WWW.NAFI.COM X 1986 MA TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPALS OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS, AND FAMILIES TO GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES. 12 10 377 10 13152 -8506 179552 148509 17559862 21449688 40929 44093 -57762 -11103 17722581 21631187 0 0 0 0 11454616 13588297 0 0 0 6286612 7792559 17741228 21380856 -18647 250331 8763101 8456253 5590102 4952539 3172999 3503714 X TO CREATE COMMUNITY ENVIRONMENTS BASED UPON PRINCIPALS OF DIGNITY AND RESPECT THAT HELP CHILDREN, ADULTS AND FAMILIES TO GROW AND CHANGE IN ORDER TO BETTER THEIR LIVES AND THE WORLD AROUND THEM. false false 6541662 7366094 JUVENILE JUSTICE SERVICES: THE NORTH AMERICAN FAMILY INSTITUTE OFFERS A CONTINUUM OF SERVICES FOR ADJUDICATED DELINQUENTS FROM EVIDENCE BASED PREVENTION, FAMILY SUPPORT, INDEPENDENT LIVING, SHELTERS, GROUP HOMES, RESIDENTIAL TREATMENT, AND STAFF-SECURE RESIDENTIAL PROGRAMS. EDUCATION IS A PRIORITY FOR YOUTH RECEIVING SERVICES. NAFI OPERATES SEVERAL SCHOOLS IN RESIDENTIAL PROGRAMS AND SUPPORTS STUDENT PARTICIPATION IN PUBLIC SCHOOLS. 8508903 9902295 BEHAVIORAL HEALTH SERVICES: THE NORTH AMERICAN FAMILY INSTITUTE OFFERS A CONTINUUM OF SERVICES FROM PREVENTION, OUTPATIENT SERVICES IN PRIMARY CARE PRACTICES, THERAPEUTIC FOSTER CARE, FOSTER CARE, AND RESIDENTIAL TREATMENT PROGRAMS FOR ADJUDICATED AND YOUTH REFERRED FROM CHILD WELFARE, MENTAL HEALTH, AND EDUCATIONAL AGENCIES. EDUCATION IS A PRIORITY FOR YOUTH RECEIVING SERVICES. NAFI OPERATES SEVERAL SCHOOLS IN RESIDENTIAL PROGRAMS AND SUPPORTS STUDENT PARTICIPATION IN PUBLIC SCHOOLS. 441338 429236 COMMUNITY BUILDING SERVICES: UTILIZING ITS YOUTH AND POLICE INITIATIVE AND YOUTH LINK PROGRAM, NAFI WORKS WITH URBAN COMMUNITIES TO REDUCE VIOLENCE AND GANG INVOLVEMENT BY YOUTH. NAFI ENGAGES YOUTH AND COMMUNITIES IN POSITIVE SOCIAL CHANGE TO CREATE SUSTAINABLE, POSITIVE RELATIONSHIPS AMONG TEENS AND POLICE, REPLACING ANIMOSITY AND DISTRUST WITH MUTUAL RESPECT AND UNDERSTANDING. THIS PROCESS IS DONE IN PARTNERSHIP WITH SCHOOLS, POLICE DEPARTMENTS, CITY AND NEIGHBORHOOD ORGANIZATIONS, BUSINESSES, DEDICATED INDIVIDUAL LEADERS, AND GREAT KIDS. 652113 3752885 16144016 true true false false false false false false false false true false false false true true false true false false true false false false false false false false false true false false false false false false false false true false false false false true true true false false true 112 0 true 377 true true true false false false false false false false false false X 12 10 false false false false false false false true true false true true true true true true true true true true true false CA MA NY X X HILDEGARDE PARIS 9788824878 26 HOWLEY STREET PEABODY MA 01960 DR NANCY GROSSMAN DIRECTOR 0.38 0.96 X 0 0 0 DENNIS LEWIS DIRECTOR 0.23 X 0 0 0 DR WILLIAM MADAUS DIRECTOR 0.23 X 0 0 0 ROGER MARCORELLE VICE CHAIRMAN/DIRECTOR 0.54 0.69 X X 0 0 0 MATTHEW SAGAL DIRECTOR 0.15 X 0 0 0 BARNET WEINSTEIN DIRECTOR 0.23 0.69 X 0 0 0 JAMES ZAFRIS DIRECTOR 0.69 0.69 X 0 0 0 MARGARET N ZUSKY DIRECTOR 0.23 X 0 0 0 HOWARD RICH CHAIRMAN OF THE BOARD 0.69 0.69 X X 0 0 0 DR BARBARA VINICK CLERK & DIRECTOR 0.23 0.69 X X 0 0 0 HILDEGARDE PARIS TREASURER/COO 40.0 0.1 X X 176984 0 6029 DANIEL NAKAMOTO ASST CLERK/EXEC DIR ADMIN 40.0 3.39 X X 107862 0 7534 DR YITZHAK BAKAL PRESIDENT 40.0 X 272111 0 100473 PAMELA ROCHA CHIEF FINANCIAL OFFICER 40.0 X 110354 0 4076 JAMES ISENBERG DIRECTOR OF MARKETING 40.0 0.19 X 170031 0 4996 STEPHEN HAHN EXECUTIVE DIRECTOR 0.0 40.0 X 122350 0 2786 CHARLES MYERS EXECUTIVE DIRECTOR 0.0 40.0 X 117687 0 8822 PAUL DANN EXECUTIVE DIRECTOR 0.0 40.0 X 135679 0 6496 1213058 0 141212 9 false true false MINDSHIFT TECHNOLOGIES PO BOX 200105 PITTSBURGH PA 15251 INFO TECHNOLOGY 139301 KPMG LLP DEPT 0579 BOX 120001 DALLAS TX 75312 AUDIT 166500 PLL PERFORMANCE GROUP LLC PO BOX 31035 SAVANNAH GA 31410 CONSULTANT 145761 3 6425 142084 43683 148509 FEES/CONTRACTS FROM GOVERNMENT AGENCIES 624100 21449688 21449688 21449688 44856 13152 31704 0 0 0 0 0 0 0 0 0 763 0 -763 -763 -763 0 6425 11925 -11925 -11925 0 0 MISCELLANEOUS 624100 822 822 822 21631187 21450510 13152 19016 0 0 0 0 872931 872931 0 9950503 8096842 1853661 0 1968446 1472564 495882 796417 595787 200630 37841 37841 23960 5435 18525 218300 218300 0 0 0 1240372 894992 345380 10605 4371 6234 0 65030 44258 20772 252101 252101 0 836832 525234 311598 541506 420645 120861 0 99599 19352 80247 92105 89606 2499 0 1077496 873422 204074 162341 136244 26097 PROVIDER STIPEND/FAM PMT 1363568 1363568 CONSUMABLES 858415 858415 TELECOMMUNICATIONS 161440 104476 56964 EQUIPMENT 135078 97408 37670 615970 541397 74573 21380856 16144016 5236840 0 0 0 1360585 758000 0 0 1861766 2625008 0 0 0 0 541162 510700 0 0 168732 264135 14375240 10809183 4375360 3566057 337222 389835 0 0 0 0 0 0 118274 342518 8763101 8456253 2235241 2433470 0 0 939543 339643 0 0 0 0 0 0 2066922 1919162 0 0 348396 260264 5590102 4952539 X 3056838 3390854 116161 112860 0 0 3172999 3503714 8763101 8456253 X 250331 80384 X false true X true true true X false false false 191370 204575 322861 179552 148509 1046867 24006305 20674993 18215355 17559862 21449688 101906203 0 0 0 24197675 20879568 18538216 17739414 21598197 102953070 13000 13000 0 13000 13000 102940070 461 26402 25693 26005 31704 110265 0 461 26402 25693 26005 31704 110265 0 3020 8887 6047 1967 822 20743 24201156 20914857 18569956 17767386 21630723 103084078 0.99860 0.99870 0.00107 0.00094 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 359753 359753 2047950 1135228 912722 10023448 8382342 1641106 1370698 958079 412619 573391 333534 239857 3566057 0 DUE TO AFFILIATES 260264 260264 22480502 80384 757006 837390 21643112 -11925 -11925 21631187 22149787 757006 11925 768931 21380856 21380856 PART X, LINE 2 NAFI IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). NAFI HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSES (11,925) PART XII, LINE 2D RECLASS OF FUNDRAISING EXPENSES 11,925 Central America and the Caribbean Program Services SEE PART V 15009 15009 15009 false false false false false false PROGRAM SERVICE ACTIVITY PART I, LINE 3 TRAINING OF SOCIAL SERVICE PERSONNEL. X X X false true false false false false false false false HILDEGARDE PARIS TREASURER/COO 176679 0 0 0 305 0 0 0 6029 0 183013 0 0 0 DR YITZHAK BAKAL PRESIDENT 272111 0 0 0 0 0 92977 0 7496 0 372584 0 0 0 JAMES ISENBERG DIRECTOR OF MARKETING 164797 0 5000 0 234 0 0 0 4996 0 175027 0 0 0 PART I, LINE 4B DR. YITZHAK BAKAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J, PART II, COLUMN C. X 3412 FMV X 3 2025 FMV X EDUCATIONAL MATERIALS/SUPPLIES 1 1121 FMV X OFFICE FURNITURE 1 37125 FMV false true false OTHER PROGRAM SERVICES PART III, LINE 4D OTHER PROGRAMS CONSIST OF INTERCOMPANY TRANSACTIONS WITH FOUR SUBSIDIARY CORPORATIONS AND CONTRIBUTIONS. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11B INFORMATION IS GATHERED FROM THE BUSINESS OFFICE/EXECUTIVE DIRECTOR BY THE CHIEF FINANCIAL OFFICER AND USED TO POPULATE THE FORM 990 IN CONJUNCTION WITH INDEPENDENT TAX AUDITORS. ONCE COMPLETED, THE DRAFT FORM IS REVIEWED AND FORWARDED BY THE CFO TO THE NAFI/NFI AUDIT COMMITTEE FOR REVIEW PRIOR TO ITS SUBMISSION. THE AUDIT COMMITTEE HAS BEEN AUTHORIZED TO REVIEW AND APPROVE THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. A FILING COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST PART VI, SECTION B, QUESTION 12C IN ADDITION TO SUBMISSION OF SIGNED BOARD MEMBER ANNUAL STATEMENT AFFIRMING RECEIPT OF THE CONFLICT OF INTEREST POLICY, THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY AND UNDERSTAND THAT THE CORPORATION IS CHARITABLE AND MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ITS CHARITABLE PURPOSES, BOARD MEMBERS HAVE A DUTY TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST. WHEN SUCH A DISCLOSURE IS MADE, THE BOARD OF DIRECTORS WILL DISCUSS THE ISSUE WITH THE INTERESTED PARTY. THE INTERESTED PARTY WILL THEN LEAVE THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR HAS FAILED TO DISCLOSE A POSSIBLE CONFLICT OF INTEREST, THE BOARD WILL AFFORD THAT DIRECTOR AN OPPORTUNITY TO EXPLAIN. THE BOARD WILL CONDUCT FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES. THAT DIRECTOR WILL BE RECUSED FROM THE BOARD MEETING WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE BOARD DETERMINES THAT THE BOARD MEMBER FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. COMPENSATION POLICY PART VI, SECTION B, QUESTION 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF NAFI TOP MANAGEMENT OFFICIALS, INCLUDING THE CEO, ALL OFFICERS, AND KEY EMPLOYEES, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S BOARD OF DIRECTORS WHO ARE INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. PRIOR TO MAKING ANY COMPENSATION DECISIONS, NAFI CONDUCTS PERIODIC ANALYSIS OF LIKE POSITIONS AT COMPARABLE HUMAN SERVICE ORGANIZATIONS. THE CEO COMPLETES EVALUATION SUMMARIES OF ALL EXECUTIVE DIRECTORS WHICH ARE REVIEWED, DISCUSSED AND APPROVED AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ALSO COMPLETES AN EVALUATION SUMMARY FOR THE CEO AND FOLLOWS THE SAME REVIEW AND APPROVAL PROCESS. ONCE COMPENSATION IS DETERMINED, IT IS ADEQUATELY DOCUMENTED BY THE CEO AND BOARD OF DIRECTORS. PUBLIC DISCLOSURE PART VI, SECTION C, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON THE WEBSITE OF THE MASSACHUSETTS'S ATTORNEY GENERAL AND WWW.GUIDESTAR.ORG. NFI MASSACHUSETTS INC 26 HOWLEY STREET PEABODY MA 01960 237378470 SOCIAL SVCS MA 501(C)(3) 9 NAFI false NFI NORTH INC 40 PARK LANE CONTOOCOOK NH 03229 043161042 SOCIAL SVCS NH 501(C)(3) 9 NAFI true NFI VERMONT INC 30 AIRPORT RD SOUTH BURLINGTON VT 05403 030304434 SOCIAL SVCS VT 501(C)(3) 9 NAFI true NAFI CONNECTICUT INC 20 BATTERSON PARK RD STE 301 FARMINGTON CT 06032 900059160 SOCIAL SVCS CT 501(C)(3) 9 NAFI true TEAM COORDINATING AGENCY INC PO BOX 844 HAVERHILL MA 01831 042474141 SOCIAL SVCS MA 501(C)(3) 9 NFI MA false THE CAPTIVE ADVANTAGE LLC PO BOX 52108 BOSTON MA 02205 CAPTIVE CELL DE NAFI EXCLUDED 131504 43137 false 0 true 0.19210 false false false false true true false false false true false true false true false true true false false NFI VERMONT INC l 652655 % OF REVENUE NFI MASSACHUSETTS INC l 957285 % OF REVENUE NFI MASSACHUSETTS INC n 143000 ACTUAL EXPENSE NFI MASSACHUSETTS INC p/q ( -119481 ACTUAL EXPENSE NFI NORTH INC l 805599 % OF REVENUE NFI NORTH INC p 122940 ACTUAL EXPENSE NAFI CONNECTICUT INC l 921658 % OF REVENUE NAFI CONNECTICUT INC j 245136 ACTUAL EXPENSE NAFI CONNECTICUT INC p 68877 ACTUAL EXPENSE NFI NORTH INC j 57873 ACTUAL EXPENSE NFI VERMONT INC j 10585 ACTUAL EXPENSE NFI VERMONT INC p/q ( 6670 ACTUAL EXPENSE RELATED PARTY TRANSACTIONS PART V NFI VERMONT NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $652,655 FOR THE YEAR ENDED JUNE 30, 2014, AND HAVE BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFIV PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $10,585 FOR THE YEAR ENDED JUNE 30, 2014 AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. FOR YEAR ENDED JUNE 30. 2014, NAFI PAYS A ONE-TIME CHARGE FOR SUPPORTING SERVICE COSTS INCURRED BY NFIV. THIS CHARGE WAS $6,801 AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $22,816 WHICH HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. UNDERPAYMENTS HAVE RESULTED IN A BALANCE DUE TO NAFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $16,146. THIS AMOUNT HAS BEEN REPORTED AS DUE TO AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND ALL IS EXPECTED TO BE PAID WITHIN ONE YEAR. NFI MASSACHUSETTS NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE AND AN ESTIMATED PROPERTY USAGE FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $1,100,285 FOR THE YEAR ENDED JUNE 30, 2014 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFI PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $24,008 FOR THE YEAR ENDED JUNE 30, 2014 AND HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. UNDERPAYMENTS TO NAFI RESULTED IN A BALANCE DUE FROM NFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $165,113. THIS AMOUNT HAS BEEN REPORTED AS DUE TO AFFILIATE IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND IS EXPECTED TO BE PAID WITHIN ONE YEAR. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $45,632. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. NONE OF THIS IS EXPECTED TO BE RECEIVED WITHIN ONE YEAR. NFI NORTH NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $805,599 FOR THE YEAR ENDED JUNE 30, 2014, AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. IN ADDITION, NFIN PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI. THIS CHARGE WAS $57,873 FOR THE YEAR ENDED JUNE 30, 2014, AND HAS BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $122,940. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION, $93,103 IS EXPECTED TO BE RECEIVED WITHIN ONE YEAR. NAFI CONNECTICUT NORTH AMERICAN FAMILY INSTITUTE, INC. (NAFI), AN AFFILIATE, CHARGES AN ADMINISTRATIVE MANAGEMENT FEE FOR SUPPORTING SERVICE COSTS THAT NAFI INCURS ON BEHALF OF THE SUBSIDIARIES. THESE ALLOCATED COSTS AMOUNTED TO $921,658 FOR THE YEAR ENDED JUNE 30, 2014 AND HAVE BEEN INCLUDED IN SUPPORTING SERVICES EXPENSES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. NAFICT PAYS NAFI A PROPERTY CHARGE FOR USAGE OF CERTAIN FIXED ASSETS OF NAFI, THESE CHARGES WERE $245,136 FOR THE YEAR ENDED JUNE 30, 2014 AND HAVE BEEN INCLUDED IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. COST REIMBURSEMENT OVERPAYMENTS HAVE RESULTED IN A BALANCE DUE FROM NAFI AS OF JUNE 30, 2014 IN THE AMOUNT OF $68,877. THIS AMOUNT HAS BEEN REPORTED AS DUE FROM AFFILIATE IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION AND THE CURRENT PORTION, $33,775 IS EXPECTED TO BE RECEIVED WITHIN ONE YEAR. NAFI AND AFFILIATED CORPORATIONS MAY PERIODICALLY MAKE SHORT TERM LOANS, NOT TO EXCEED ONE YEAR, TO ITS AFFILIATED CORPORATION, SECURED BY DOCUMENTATION EVIDENCING SUCH INDEBTEDNESS. THE DOCUMENTATION SHALL INCLUDE DATE AND AMOUNT OF THE REQUEST, INTEREST RATE AND OTHER APPROPRIATE TERMS APPROVED BY THE EXECUTIVE DIRECTOR OF ADMINISTRATIVE SERVICES AND THE EXECUTIVE DIRECTOR OF THE BORROWING AFFILIATED CORPORATION. FOR THE YEAR ENDED JUNE 30, 2014, NAFICT PROVIDED SUPPORT TO ITS AFFILIATES THROUGH USE OF CERTAIN CASH RESERVES WITH AN INTEREST FEE, BASED ON PRIME RATE LESS 0.50%. THE AMOUNT OF RELATED INTEREST INCOME RECORDED IN THE ACCOMPANYING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2014 WAS NOT SIGNIFICANT.