2026-02-13T07:22:14-06:00 2025-03-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-04-01 042716090 NORTH HILL NEEDHAM INC NORT 7814449910 865 CENTRAL AVENUE NEEDHAM MA 02492 JOSEPH A FRIAS PRESIDENT AND CEO 7814449910 2026-02-10 1 1 KERRI N BOGDA P00760402 7177404863 2026-02-05 2024 2025-03-06 01:10:19Z JOSEPH A FRIAS 865 CENTRAL AVENUE NEEDHAM MA 02492 66123205 0 X WWW.NORTHHILL.ORG X 1979 MA TO PROVIDE HOUSING & HEALTHCARE SERVICES TO RESIDENTS FOR LIFE REGARDLESS OF THEIR ABILITY TO PAY. 15 15 557 19 19028 246 13275 13125 48498379 52251568 2003291 4390394 517144 498328 51032089 57153415 59260 65749 0 0 25833223 26914189 0 0 0 29306838 29466834 55199321 56446772 -4167232 706643 261567649 269716796 305470803 312210793 -43903154 -42493997 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 40239727 65749 52251568 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. NORTH HILL NEEDHAM, INC. OPERATES A LIFECARE RETIREMENT COMMUNITY WHICH INCLUDES 320 APARTMENTS, 44 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 OLDER. "PURPOSEFUL 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 LIFECARE, DECLINING BALANCE WITH LIFECARE AND 90% REFUNDABLE WITHOUT LIFECARE. 40239727 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 189 0 557 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KARALYN BERE VP OF FINANCE 7814336676 865 CENTRAL AVE NEEDHAM MA 02492 SUSAN MELLACE CHAIR 1.00 3.00 X X 0 0 0 TINA VASCONCELLES TRUSTEE 1.00 0.00 X 0 0 0 KEVIN T GRIMES TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL CORSINI JR TRUSTEE 1.00 0.00 X 0 0 0 SARAH CREED SCHMIDT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD DAVIS TRUSTEE 1.00 0.00 X 0 0 0 PAUL GRAZEWSKI TRUSTEE (UNTIL 11/24) 1.00 0.00 X 0 0 0 MAURICE HANDEL TRUSTEE (UNTIL 01/25) 1.00 0.00 X 0 0 0 DAVID HANSEN TRUSTEE 1.00 0.00 X 0 0 0 NANCY HOFFMANN CPA VICE CHAIR 1.00 3.00 X X 0 0 0 FRANCIS NEMIA TRUSTEE 1.00 0.00 X 0 0 0 JULIA RAGLAND MD TRUSTEE 1.00 0.00 X 0 0 0 AMY J REICH WEIL TRUSTEE 1.00 0.00 X 0 0 0 HOWARD RUBIN TRUSTEE 1.00 0.00 X 0 0 0 PAUL WANTANABE TRUSTEE 1.00 0.00 X 0 0 0 PETER PINGITORE TRUSTEE 1.00 0.00 X 0 0 0 WALTER ARMSTRONG TRUSTEE (UNTIL 12/24) 1.00 0.00 X 0 0 0 GIG BABSON TRUSTEE (UNTIL 4/24) 1.00 0.00 X 0 0 0 SAVA BERHANE TRUSTEE (UNTIL 4/25) 1.00 0.00 X 0 0 0 SUSAN BARTH TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH A FRIAS PRESIDENT & CEO 36.00 4.00 X 346927 0 39065 KARALYN BERE VP OF FINANCE 38.00 2.00 X 178021 0 10964 PATRICIA PAULIN TREASURER 39.00 1.00 X 178715 0 17134 MICHELLE HOULIHAN CLERK/EXECUTIVE ASSISTANT 39.00 1.00 X 90823 0 13796 PATTY CUSACK SALES AND MARKETING DIRECTOR 40.00 0.00 X 301699 0 19404 BETHANY MERCER DIRECTOR OF OPERATIONS 40.00 0.00 X 190020 0 8730 MILIND MAHATME DIRECTOR OF SYSTEMS AND TECHNOLOGY 40.00 0.00 X 187084 0 7202 SUSAN DOWNEY VP OF HEALTHCARE AND CORP COMPLIANCE 36.00 4.00 X 195712 0 34626 DANA FINIZIO DIRECTOR OF HUMAN RESOURCES 30.00 2.00 X 150005 0 8516 LINDA MCCONCHIE MAKRETING MANAGER 40.00 0.00 X 158349 0 13699 TARA JONES SALES ASSOCIATE 40.00 0.00 X 210458 0 29035 LAURETTE JOSEPH RN SUPERVISOR 40.00 0.00 X 142585 0 14292 RUTH KENNEDY SENIOR SALES ASSOCIATE 40.00 0.00 X 227161 0 16332 HARRY GOODALE DIRECTOR OF FACILITIES (UNTIL 01/25) 40.00 0.00 X 176422 0 15661 CARLOS ANDRES BONILLA-TEJADA SNF ADMINISTRATOR (UNTIL 02/25) 40.00 0.00 X 187442 0 15185 2921423 0 263641 45 1 1 0 CE FLOYD COMPANY PBC 200 BAKER AVE SUITE 205 CONCORD MA 01742 CONSTRUCTION SERVICES 3598099 4M BUILDING SOLUTIONS INC DBA HERITAGE PO BOX 870784 KANSAS CITY MO 641870784 HOUSEKEEPING SERVICES 1834734 DE LA CRUZ CONSTRUCTION CORP 225 PARIS ST UNIT 2 EAST BOSTON MA 02128 CONSTRUCTION SERVICES 808963 WELLESLEY DESIGN CONSULTANTS INC 200 MERRIMACK ST 4TH FL HAVERHILL MA 01830 DESIGN SERVICES 376502 MCNULTY CONSTRUCTION CORP 17 BEAVER COURT POBO 3218 FRAMINGHAM MA 01705 CONSTRUCTION SERVICES 295875 11 13125 13125 APARTMENT SERVICE FEES 623990 29523963 29523963 SKILLED NURSING REVENUE 623000 11439863 11439863 ENTRANCE FEES 623000 7025234 7025234 ENHANCED LIVING REVENUE 900099 4262508 4262508 52251568 1891969 19028 1872941 111516 10152 101364 101364 101364 11399774 8839615 61734 2560159 -61734 2498425 2498425 63012 58289 4723 4723 GUEST MEALS/DINING 900099 88009 88009 NAVIGATOR REBATE INCOME 900099 76921 76921 GARAGE SERVICE FEES 900099 73632 73632 153679 153679 392241 57153415 52251568 19028 4869694 30455 30455 35294 35294 2219983 2219983 19854937 14048913 5806024 520747 365833 154914 2399206 1830959 568247 1919316 1484732 434584 224051 224051 112328 112328 1340 1340 101602 101602 3583167 2937555 645612 122447 122447 3324978 1465940 1859038 559503 559503 3307966 1930900 1377066 69764 30283 39481 46930 19100 27830 1613777 1606816 6961 9331701 8289968 1041733 836454 8029 828425 DINING SERVICE EXPENSE 2810104 2810104 LEASE AGREEMENT EXPENSE 1488456 1488456 MEDICAL EXPENSES 479124 479124 RESIDENT INCENTIVES 417928 5765 412163 1035214 639974 395240 56446772 40239727 16207045 0 500 560 7790142 9752705 1716991 1340528 500865 479625 2560112 893863 229261800 99689289 126831034 129572511 81028364 86974248 5569279 5846747 32545000 32100484 3025362 2755525 261567649 269716796 3154158 4874149 45428728 50599184 46436079 44505217 3564891 4099689 206886947 208132554 305470803 312210793 X -43903154 -42493997 -43903154 -42493997 261567649 269716796 X 706643 1611643 -909129 X 0 1 X 1 0 X 1004792 516124 143003 13275 13125 1690319 39828245 42454591 45242505 48498379 52251568 228275288 40833037 42970715 45385508 48511654 52264693 229965607 0 0 0 229965607 797741 1143001 1341080 2010175 1994904 7286901 797741 1143001 1341080 2010175 1994904 7286901 257896 291267 457538 461977 455253 1923931 41888674 44404983 47184126 50983806 54714850 239176439 0.96150 0.96210 0.03050 0.03000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ACTIVITY/TRIP FEES - 2020 AMOUNT: $ -3,715. 2021 AMOUNT: $ 28,069. 2022 AMOUNT: $ 57,737. 2023 AMOUNT: $ 68,884. 2024 AMOUNT: $ 56,209. CANCELLATION PENALTIES - 2020 AMOUNT: $ -6. 2021 AMOUNT: $ 500. FOOD REBATE - 2020 AMOUNT: $ 35,246. 2021 AMOUNT: $ 36,940. 2022 AMOUNT: $ 48,443. GARAGE SERVICE FEES - 2020 AMOUNT: $ 69,503. 2021 AMOUNT: $ 70,740. 2022 AMOUNT: $ 71,123. 2023 AMOUNT: $ 72,386. 2024 AMOUNT: $ 73,632. GENERAL STORE SALES - 2020 AMOUNT: $ 72,126. 2021 AMOUNT: $ 44,906. 2022 AMOUNT: $ 46,886. 2023 AMOUNT: $ 53,558. 2024 AMOUNT: $ 63,012. GUEST MEALS/DINING - 2020 AMOUNT: $ 16,706. 2021 AMOUNT: $ 11,834. 2022 AMOUNT: $ 117,831. 2023 AMOUNT: $ 139,089. 2024 AMOUNT: $ 88,009. HAIR SALON REVENUE - 2020 AMOUNT: $ 45. 2021 AMOUNT: $ 33. 2024 AMOUNT: $ 36. HOUSEKEEPING SERVICES - 2022 AMOUNT: $ 3,175. 2023 AMOUNT: $ 1,806. 2024 AMOUNT: $ 2,035. IT TECH SERVICES - 2022 AMOUNT: $ 8,641. 2023 AMOUNT: $ 6,370. 2024 AMOUNT: $ 2,172. MAINTENANCE SERVICES - 2020 AMOUNT: $ 19,250. 2021 AMOUNT: $ 55,707. 2022 AMOUNT: $ 21,572. 2023 AMOUNT: $ 11,585. 2024 AMOUNT: $ 15,492. MEDLINE REIMBURSEMENT - 2024 AMOUNT: $ 10,299. MISC INCOME - 2020 AMOUNT: $ 34,030. 2021 AMOUNT: $ 42,042. 2022 AMOUNT: $ 12,298. 2023 AMOUNT: $ 3,928. 2024 AMOUNT: $ 12,759. NH ACADEMY - 2024 AMOUNT: $ 900. PENDANT CHARGES - 2024 AMOUNT: $ 2,965. RAFFLE - 2024 AMOUNT: $ 935. REBATES - 2023 AMOUNT: $ 57,430. 2024 AMOUNT: $ 76,921. REIMBURSEMENTS - 2020 AMOUNT: $ 14,429. 2022 AMOUNT: $ 50,020. 2023 AMOUNT: $ 22,050. SNOW REMOVAL - 2024 AMOUNT: $ 18,300. STORAGE UNIT FEES - 2022 AMOUNT: $ 13,250. 2023 AMOUNT: $ 13,481. 2024 AMOUNT: $ 15,643. WELLNESS REVENUE - 2020 AMOUNT: $ 282. 2021 AMOUNT: $ 496. 2022 AMOUNT: $ 6,562. 2023 AMOUNT: $ 11,410. 2024 AMOUNT: $ 15,226. COURSES AND EVENTS - 2024 AMOUNT: $ 708. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1340 1340 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO ASSOCIATIONS WHOSE PURPOSE IS TO SUPPORT SENIOR CITIZENS AND THEIR NEEDS. A PORTION OF THE DUES PAID IS ALLOCATED TO LOBBYING. 0 1 X 13434732 13434732 193917647 87102188 106815459 18787189 12374342 6412847 3122232 212759 2909473 129572511 REFUNDS PAYABLE 456454 REFUNDABLE ENTRANCE FEES 171739819 ACCRUED LEASE OBLIGATION 32130435 ACCRUED INTEREST OBLIGATION 58903 FINANCE LEASE OBLIGATION 133447 REFUNDABLE ADVANCE-EMPLOYEE RETENTION CREDIT 3613496 208132554 57849208 1611643 -1046025 565618 57283590 -130175 -130175 57153415 56440051 130175 130175 56309876 136896 136896 56446772 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 XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -101,602. CHANGE IN VALUE OF INTEREST RATE SWAP -944,423. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY -61,734. COST OF GOODS SOLD -58,289. RENTAL EXPENSES -10,152. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY 61,734. COST OF GOODS SOLD 58,289. RENTAL EXPENSES 10,152. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 101,602. TEAM MEMBER SUPPORT 35,294. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1345365 0 0 0 0 0 0 1345365 0 1345365 0 0 1 1 1 0 SCHEDULE F, PART IV: THE ORGANIZATION HAS, AS PART OF ITS INVESTMENT PORTFOLIO, INTERESTS IN FOREIGN CORPORATIONS AND PARTNERSHIPS. THE ORGANIZATION'S INVESTMENTS DO NOT MEET THE THRESHOLD FOR FILING FOREIGN FORMS. 1 GOOD SHERPHERD COMMUNITY CARE 160 WELLS AVE NEWTON MA 02459 042655734 501(C)(3) 15000 0 EVENT SPONSOR CHARLES RIVER REGIONAL CHAMBER 117 KENDRICK ST SUITE 300 NEEDHAM MA 02494 041670500 501(C)(6) 6000 0 EVENT SPONSOR 1 1 TEAM MEMBER SUPPORT 20 35294 PART I, LINE 2: THE ORGANIZATION SUPPORTS LOCAL COMMUNITY PARTNERS THROUGH EVENT SPONSORSHIPS. THE ORGANIZATION USES ITS TEAM MEMBERS SUPPORT FUND TO PROVIDE ASSISTANCE TO TEAM MEMBERS EXPERIENCING A FINANCIAL HARDSHIP. DONATIONS ARE COLLECTED FROM RESIDENTS AND DESIGNATED FOR THIS FUND. TEAM MEMBERS REQUESTING SUPPORT MUST FILL OUT AN APPLICATION AND MAY RECEIVE UP TO $2,000 PER PERSON ANNUALLY. X X X X 0 0 0 0 0 0 0 1 0 JOSEPH A FRIAS PRESIDENT & CEO 306427 0 40500 0 0 0 12075 0 26990 0 385992 0 0 0 PATTY CUSACK SALES AND MARKETING DIRECTOR 301699 0 0 0 0 0 7164 0 12240 0 321103 0 0 0 RUTH KENNEDY SENIOR SALES ASSOCIATE 227161 0 0 0 0 0 7338 0 8994 0 243493 0 0 0 TARA JONES SALES ASSOCIATE 210458 0 0 0 0 0 5107 0 23928 0 239493 0 0 0 SUSAN DOWNEY VP OF HEALTHCARE AND CORP COMPLIANCE 195712 0 0 0 0 0 7330 0 27296 0 230338 0 0 0 CARLOS ANDRES BONILLA-TEJADA SNF ADMINISTRATOR (UNTIL 02/25) 187442 0 0 0 0 0 4818 0 10367 0 202627 0 0 0 BETHANY MERCER DIRECTOR OF OPERATIONS 190020 0 0 0 0 0 6650 0 2080 0 198750 0 0 0 PATRICIA PAULIN TREASURER 178715 0 0 0 0 0 6060 0 11074 0 195849 0 0 0 MILIND MAHATME DIRECTOR OF SYSTEMS AND TECHNOLOGY 187084 0 0 0 0 0 4173 0 3029 0 194286 0 0 0 HARRY GOODALE DIRECTOR OF FACILITIES (UNTIL 01/25) 176422 0 0 0 0 0 5803 0 9858 0 192083 0 0 0 KARALYN BERE VP OF FINANCE 178021 0 0 0 0 0 117 0 10847 0 188985 0 0 0 LINDA MCCONCHIE MAKRETING MANAGER 158349 0 0 0 0 0 5645 0 8054 0 172048 0 0 0 DANA FINIZIO DIRECTOR OF HUMAN RESOURCES 150005 0 0 0 0 0 5252 0 3264 0 158521 0 0 0 LAURETTE JOSEPH RN SUPERVISOR 142585 0 0 0 0 0 5190 0 9102 0 156877 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. THE DECISION TO AWARD A BONUS IS BASED UPON GOALS, OBJECTIVES, AND EXPECTATIONS AS ESTABLISHED BY THE BOARD OF TRUSTEES ANNUALLY. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-12-28 57810000 REFUND SERIES 2013A BONDS 0 0 0 A 13075277 64569082 642476 63926605 0 1 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 M&T BANK 3.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/15/2022 PART III, LINE 3 AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I, (E) DUE TO ACCRUED INTEREST PAYMENTS. PART III, LINE 7 THIS BOND IS AN ADVANCED REFUNDING ISSUE. THE AMOUNT OF SPENT PROCEEDS REPRESENTS THE AMOUNT THAT HAS BEEN PAID TOWARDS THE REFUND OF THE SERIES 2013A BONDS. THIS NUMBER IS ADJUSTED EACH YEAR TO REPRESENT THE TOTAL THAT HAS BEEN PAID TOWARDS THE REFUND. THE REMAINING PROCEEDS ARE IN A REFUNDING ESCROW ACCOUNT. 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 TWENTY-FIVE 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 THE ORGANIZATION DETERMINES THE COMPENSATION OF THE CEO, OFFICERS, AND OTHER KEY EMPLOYEES ON AN ANNUAL BASIS, CONSIDERING MARKET DATA AS NEEDED. THE CEO DISCLOSES COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM TO THE HR TRUSTEES COMMITTEE ANNUALLY. THE CHAIR OF THE BOARD OF TRUSTEES DISCLOSES COMPENSATION FOR THE CEO TO THE EXECUTIVE COMMITTEE ANNUALLY. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -944,423. TEAM MEMBER SUPPPORT 35,294. FORM 990, PAGE 5, PART V, LINE 2 THE FILING ENTITY IS AN AFFILIATE IN A GROUP OF NON-PROFIT ENTITIES FOR WHICH IT IS CONSIDERED A COMMON PAY AGENT FOR W-2 REPORTING. NORTH HILL NEEDHAM, INC. REPORTS ALL EMPLOYEES ON ITS FORM W-3, HOWEVER, EACH AFFILIATE HAS EMPLOYEES ALLOCATED TO THAT ENTITY. PER IRS INSTRUCTIONS, EMPLOYEES LISTED ON PART V, LINE 2A ARE THOSE WHO HAVE BEEN DEEMED TO BE EMPLOYEES OF THIS ORGANIZATION. THE FOLLOWING AFFILIATES HAVE W-2 EMPLOYEES LISTED ON THEIR FORMS 990 THAT HAVE BEEN REPORTED ON THE FILING ORGANIZATION'S W-3: NORTH HILL COMMUNITIES, INC. 26-4416455 NORTH HILL HOME HEALTH CARE, INC. 45-4336870 CONNECTED FOR LIFE, INC. 81-1415511 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 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0