Totals
- Total revenue
- $51,032,089
- Total expenses
- $55,199,321
- Contributions and grants received
- $13,275
- Grants paid
- $59,260
- Program service revenue
- $48,498,379
- Investment income
- $2,003,291
- Other revenue
- $517,144
- Total assets, end of year
- $261,567,649
- Total liabilities, end of year
- $305,470,803
- Net assets or fund balances, end of year
- -$43,903,154
- Program services expenses (Part IX)
- $38,710,723
- Management and general expenses
- $16,488,598
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $38,710,723
Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$13,275
-
2a · Program service revenue: APARTMENT SERVICE FEES
total $27,464,349 · related or exempt $27,464,349
-
2b · Program service revenue: SKILLED NURSING REVENUE
total $11,067,013 · related or exempt $11,067,013
-
2c · Program service revenue: ENTRANCE FEES
total $5,805,390 · related or exempt $5,805,390
-
2d · Program service revenue: ENHANCED LIVING REVENUE
total $4,161,627 · related or exempt $4,161,627
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,885,466 · unrelated business -$20,427 · excluded $1,905,893
-
6a · Gross rents
real property $104,282
-
6b · Less rental expenses
real property $9,645
-
6c · Rental income or loss
real property $94,637 · personal property $0
-
6d · Net rental income or loss
total $94,637 · excluded $94,637
-
7a · Gross sales of assets other than inventory
securities $6,813,901 · other assets $500
-
7b · Less cost or other basis and sales expenses
securities $6,354,348 · other assets $342,228
-
7c · Gain or loss
securities $459,553 · other assets -$341,728
-
7d · Net gain or loss
total $117,825 · excluded $117,825
-
10a · Gross sales of inventory
$53,558
-
10b · Cost of goods sold
$39,470
-
10c · Net income from sales of inventory
total $14,088 · excluded $14,088
-
11a · Other revenue: GUEST MEALS/DINING
total $139,089 · excluded $139,089
-
11b · Other revenue: GARAGE SERVICE FEES
total $72,386 · excluded $72,386
-
11c · Other revenue: ACTIVITY/TRIP FEE
total $68,884 · excluded $68,884
-
11d · All other revenue
total $128,060 · related or exempt $0 · unrelated business $0 · excluded $128,060
-
11e · Other revenue, total
$408,419
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,710 · program services $40,710
-
2 · Grants to domestic individuals
total $18,550 · program services $18,550
-
5 · Compensation of officers, directors and key employees
total $1,941,193 · program services $1,941,193
-
7 · Other salaries and wages
total $19,069,945 · program services $13,412,620 · management and general $5,657,325
-
8 · Pension plan contributions
total $452,449 · program services $310,851 · management and general $141,598
-
9 · Other employee benefits
total $2,425,100 · program services $1,585,338 · management and general $839,762
-
10 · Payroll taxes
total $1,944,536 · program services $1,470,418 · management and general $474,118
-
11b · Fees: legal
total $295,731 · management and general $295,731
-
11c · Fees: accounting
total $79,052 · management and general $79,052
-
11d · Fees: lobbying
total $1,259 · management and general $1,259
-
11f · Fees: investment management
total $92,614 · management and general $92,614
-
11g · Fees: other
total $3,533,509 · program services $2,785,105 · management and general $748,404 · fundraising $0
-
12 · Advertising and promotion
total $135,363 · management and general $135,363
-
13 · Office expenses
total $3,408,649 · program services $1,423,559 · management and general $1,985,090
-
14 · Information technology
total $484,946 · management and general $484,946
-
16 · Occupancy
total $3,191,898 · program services $1,736,554 · management and general $1,455,344
-
17 · Travel
total $68,226 · program services $34,481 · management and general $33,745
-
19 · Conferences, conventions and meetings
total $60,998 · program services $10,251 · management and general $50,747
-
20 · Interest
total $1,688,475 · program services $1,679,485 · management and general $8,990
-
22 · Depreciation, depletion and amortization
total $8,925,769 · program services $7,846,702 · management and general $1,079,067
-
23 · Insurance
total $509,346 · program services $9,591 · management and general $499,755
-
24a · Other expenses: DINING SERVICE EXPENSE
total $2,748,279 · program services $2,748,279
-
24b · Other expenses: LEASE AGREEMENT EXPENSE
total $1,410,182 · management and general $1,410,182
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $771,758 · program services $762,171 · management and general $9,587
-
24d · Other expenses: MEDICAL EXPENSES
total $569,924 · program services $569,924
-
24e · All other expenses
total $1,330,860 · program services $324,941 · management and general $1,005,919 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $500 · end of year $500
-
2 · Savings and temporary cash investments
beginning of year $15,319,630 · end of year $7,790,142
-
4 · Accounts receivable
beginning of year $1,208,659 · end of year $1,716,991
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $422,883 · end of year $500,865
-
9 · Prepaid expenses and deferred charges
beginning of year $755,105 · end of year $2,560,112
-
10a · Land, buildings and equipment: cost or other basis
$219,099,420
-
10b · Land, buildings and equipment: accumulated depreciation
$92,268,386
-
10c · Land, buildings and equipment, net
beginning of year $128,230,878 · end of year $126,831,034
-
11 · Investments: publicly traded securities
beginning of year $66,809,414 · end of year $81,028,364
-
12 · Investments: other securities
beginning of year $2,556,661 · end of year $5,569,279
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $33,219,461 · end of year $32,545,000
-
15 · Other assets
beginning of year $2,326,579 · end of year $3,025,362
-
17 · Accounts payable and accrued expenses
beginning of year $3,735,106 · end of year $3,154,158
-
19 · Deferred revenue
beginning of year $44,093,791 · end of year $45,428,728
-
20 · Tax-exempt bond liabilities
beginning of year $48,260,478 · end of year $46,436,079
-
21 · Escrow or custodial account liability
beginning of year $2,055,060 · end of year $3,564,891
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $203,061,697 · end of year $206,886,947
-
27 · Net assets without donor restrictions
beginning of year -$50,356,362 · end of year -$43,903,154
Mission and programs · 2023
Mission
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.
Activities or mission (Part I)
TO PROVIDE HOUSING & HEALTHCARE SERVICES TO RESIDENTS FOR LIFE REGARDLESS OF THEIR ABILITY TO PAY.
-
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.
Expenses $38,710,723 · Grants $59,260 · Revenue $48,498,379
As filed on the 2023 return.
Listed in Part VII
-
Nancy Hoffmann CPANANCY HOFFMANN CPA
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Susan MellaceSUSAN MELLACE
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Amy J Reich WeilAMY J REICH WEIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David HansenDAVID HANSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Francis NemiaFRANCIS NEMIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George PetermanGEORGE PETERMAN
TRUSTEE (until 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Gig BabsonGIG BABSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Howard RubinHOWARD RUBIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julia Ragland MDJULIA RAGLAND MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin T GrimesKEVIN T GRIMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maurice HandelMAURICE HANDEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul GrazewskiPAUL GRAZEWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul WantanabePAUL WANTANABE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard DavisRICHARD DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Russell Corsini JrRUSSELL CORSINI JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Creed SchmidtSARAH CREED SCHMIDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sava BerhaneSAVA BERHANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne BarthSUZANNE BARTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tina VasconcellesTINA VASCONCELLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Walter ArmstrongWALTER ARMSTRONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph FriasJOSEPH FRIAS
PRESIDENT & CEO
- Total calculated
- $266,838
- From this org
- $232,287
- From related orgs
- $0
- Other
- $34,551
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $232,287
- Bonus
- $0
- Other
- $0
- Deferred
- $8,639
- Nontaxable benefits
- $25,912
- Filer's total
- $266,838
-
Michelle HoulihanMICHELLE HOULIHAN
CLERK/EXECUTIVE ASSISTANT
- Total calculated
- $101,741
- From this org
- $64,053
- From related orgs
- $24,416
- Other
- $13,272
- Hours/week
- 39 + 1 related
-
Patricia PaulinPATRICIA PAULIN
TREASURER
- Total calculated
- $175,394
- From this org
- $116,035
- From related orgs
- $42,617
- Other
- $16,742
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $116,035 + $42,617 related
- Bonus
- $0
- Other
- $0
- Deferred
- $4,084 + $1,485 related
- Nontaxable benefits
- $8,426 + $2,747 related
- Filer's total
- $128,545 + $46,849 related
-
Peter RockettPETER ROCKETT
CFO (UNTIL 05/23)
- Total calculated
- $142,705
- From this org
- $69,426
- From related orgs
- $63,243
- Other
- $10,036
- Hours/week
- 36 + 4 related
-
Ted OwensTED OWENS
PRESIDENT & CEO (UNTIL 07/23)
- Total calculated
- $297,336
- From this org
- $185,089
- From related orgs
- $99,428
- Other
- $12,819
- Hours/week
- 37 + 3 related
Schedule J breakdown matched by us
- Base
- $116,339 + $99,428 related
- Bonus
- $68,750
- Other
- $0
- Deferred
- $3,726 + $1,976 related
- Nontaxable benefits
- $4,120 + $2,997 related
- Filer's total
- $192,935 + $104,401 related
-
Alice RoseALICE ROSE
CHIEF OF CLINICAL SERVICES (Until 12/23)
- Total calculated
- $192,847
- From this org
- $134,480
- From related orgs
- $44,850
- Other
- $13,517
- Hours/week
- 37 + 3 related
Schedule J breakdown matched by us
- Base
- $121,200 + $44,850 related
- Bonus
- $0
- Other
- $13,280
- Deferred
- $6,173 + $1,563 related
- Nontaxable benefits
- $4,613 + $1,168 related
- Filer's total
- $145,266 + $47,581 related
-
Bethany MercerBETHANY MERCER
DIR. IL OPERATIONS & CORP. CAPITAL
- Total calculated
- $170,110
- From this org
- $165,430
- From related orgs
- $0
- Other
- $4,680
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,430
- Bonus
- $0
- Other
- $0
- Deferred
- $2,547
- Nontaxable benefits
- $2,133
- Filer's total
- $170,110
-
Harry GoodaleHARRY GOODALE
DIRECTOR OF FACILITIES
- Total calculated
- $184,298
- From this org
- $167,590
- From related orgs
- $0
- Other
- $16,708
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,090
- Bonus
- $2,500
- Other
- $0
- Deferred
- $5,679
- Nontaxable benefits
- $11,029
- Filer's total
- $184,298
-
Patty CusackPATTY CUSACK
SALES AND MARKETING DIRECTOR
- Total calculated
- $249,476
- From this org
- $230,561
- From related orgs
- $0
- Other
- $18,915
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,561
- Bonus
- $0
- Other
- $0
- Deferred
- $7,061
- Nontaxable benefits
- $11,854
- Filer's total
- $249,476
-
Susan DowneySUSAN DOWNEY
DIR. HEALTHCARE & CORPORATE COMPLIANCE
- Total calculated
- $202,847
- From this org
- $171,816
- From related orgs
- $0
- Other
- $31,031
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $171,816
- Bonus
- $0
- Other
- $0
- Deferred
- $4,895
- Nontaxable benefits
- $26,136
- Filer's total
- $202,847
-
CARLOS Andres BONILLA-TEJADA
SNF ADMINISTRATOR
- Total calculated
- $149,437
- From this org
- $142,342
- From related orgs
- $0
- Other
- $7,095
- Hours/week
- 40
-
Dana FinizioDANA FINIZIO
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $144,679
- From this org
- $136,466
- From related orgs
- $0
- Other
- $8,213
- Hours/week
- 40
-
Edny PascalEDNY PASCAL
RN SUPERVISOR
- Total calculated
- $144,353
- From this org
- $138,993
- From related orgs
- $0
- Other
- $5,360
- Hours/week
- 40
-
Karalyn BereKARALYN BERE
DIRECTOR OF FINANCE
- Total calculated
- $147,115
- From this org
- $136,636
- From related orgs
- $0
- Other
- $10,479
- Hours/week
- 40
-
Ruth KennedyRUTH KENNEDY
SENIOR SALES ASSOCIATE
- Total calculated
- $179,401
- From this org
- $164,932
- From related orgs
- $0
- Other
- $14,469
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,932
- Bonus
- $0
- Other
- $0
- Deferred
- $5,873
- Nontaxable benefits
- $8,596
- Filer's total
- $179,401
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- PETER ROCKETT, CFO, AND ALICE ROSE, CHIEF OF CLINICAL SERVICES, RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $48,880 AND $13,280, RESPECTIVELY.
- Schedule J, Part I, Line 7 Non-fixed payments
- 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$15,000
EVENT SPONSOR
-
MFA BOSTON EVENT SPONSOR
-
CHARLES RIVER REGIONAL CHAMBER
$5,050
SPONSORSHIPS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · MANAGEMENT SERVICES · MA
Directly controlled by NA
-
NORTH HILL HOME HEALTH CARE INC
501(c)(3) · HOME HEALTHCARE SERVICES · MA
Directly controlled by NORTH HILL COMMUNITIES INC
-
501(c)(3) · HOME HEALTHCARE SERVICES · MA
Directly controlled by NORTH HILL COMMUNITIES INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540489349300224
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.