Northeast Hospital Corporation

“For the period covered by this filing, beth israel lahey health, inc. (bilh) served as direct or indirect sole member of: beth israel deaconess medical center, inc. (bidmc), mount auburn hospital (mah), new england baptist hospital (nebh), beth israel deaconess hospital milton, inc. (milton), beth israel deaconess hospital needham, inc. (needham), beth israel deaconess hospital plymouth, inc. (plymouth), lahey clinic foundation (lcf) , lahey clinic (lci), lahey clinic hospital d/b/a lahey hospital and medical center (lhmc), winchester hospital (winchester), northeast hospital corporation (northeast), anna jaques hospital (ajh), beth israel lahey health pharmacy, joslin diabetes center, exeter health resources, inc. (ehri) and exeter hospital. Each of these affiliates may have, in turn, served as member of additional entities within the bilh network of affiliates. In addition, harvard medical faculty physicians at beth israel deaconess medical center, inc. (hmfp) is the dedicated physician practice of bidmc and an entity integrally related to helping bidmc and other affiliates in the bilh network accomplish their charitable purposes. For this same period hmfp served as the sole member of affiliated physicians of harvard medical faculty physicians at beth israel deaconess medical center (aphmfp) as well as the direct or indirect member of several additional entities. Two or more of the persons listed in this form 990 part vii have a business relationship with each other by virtue of sitting on one or more boards of directors/trustees or by serving in an employment relationship with one or more entities within the network of the affiliated organizations noted above. Additional detail is provided in the explanatory notes to this form 990 schedule j.”

“For the period covered by this filing, beth israel lahey health, inc. (bilh) served as direct or indirect sole member of: beth israel deaconess medical center, inc. (bidmc), mount auburn hospital (mah), new england baptist hospital (nebh), beth israel deaconess hospital milton, inc. (milton), beth israel deaconess hospital needham, inc. (needham), beth israel deaconess hospital plymouth, inc. (plymouth), lahey clinic foundation (lcf) , lahey clinic (lci), lahey clinic hospital d/b/a lahey hospital and medical center (lhmc), winchester hospital (winchester), northeast hospital corporation (northeast), anna jaques hospital (ajh), beth israel lahey health pharmacy, joslin diabetes center, exeter health resources, inc. (ehri), exeter hospital and to affiliates of these entities.”

“The member has the exclusive authority to (a) appoint and reappoint trustees, (b) fill any vacancies in the offices of trustees, and (c) acting by vote of not less than three quarters (3/4) of the member's trustees then in office, remove, with or without cause, a trustee.”

“The member of northeast hospital corporation has the following rights, as designated in northeast hospital corporation's by-laws: subject to the provisions of the articles of organization and these bylaws, the member shall have the right to exercise all powers, both positive and negative, conferred by massachusetts general laws ("m.g.l.") chapter 180, as amended, on members of corporations organized under m.g.l. Chapter 180. In addition, except as are expressly granted to the board of trustees of the corporation ("board") in these bylaws, the member shall have the right to exercise all powers, positive and negative, conferred by m.g.l. Chapter 180 on boards of corporations organized under m.g.l. Chapter 180. Notwithstanding the foregoing, the member may not take any of the following actions without the approval of the board: (a) approve or require any change in, or consolidation of philanthropic gifts, assets, and programs of the corporation, which shall remain under the corporation's control and be used for the benefit of the corporation and not for other components of the member's system, except to the extent that such changes involve back-office consolidation with other direct or indirect subsidiaries of the member; (b) approve or require any change in the name, brand, or trademark of the corporation or any of its subsidiaries, except such complementary changes as the member may determine are reasonably appropriate in establishing a system-wide identity for the affiliated entities; or (c) amend or restate these bylaws to change or eliminate either of the foregoing limitations on its powers. For the period ending on the third anniversary of the date the member becomes the sole corporate member of the corporation, the member's authority to change the medical school affiliation of the corporation or any of its subsidiaries is subject to the requirement that it obtain the unanimous consent of the corporation's designated trustees (as defined in the bylaws of the member) and the approval of the member's board of trustees (the "member's board"). The member may not cause the corporation to cease operating a separately licensed hospital facility, or close any essential service of such hospital facility, without consulting with the board prior to taking such action. The powers and responsibilities of the board include the following: (a) providing recommendations to the member regarding (i) appointment, reappointment and removal of trustees, (ii) the establishment of the corporation's policies, (iii) the maintenance of patient care quality, and (iv) the provision of clinical services and community service planning in a manner responsive to local community needs; (b) ensuring compliance with all licensure and accreditation requirements, including credentialing andother medical staff matters; (c) providing oversight for institutional planning, making recommendations for new clinical services, and participating in an annual review of the corporation's strategic and financial plan and goals; (d) reviewing and recommending approval of operating and capital budgets as well as making recommendations with respect to capital expenditures. (e) making recommendations with respect to quality assessment and improvement programs; (f) providing oversight of risk management programs relating to patient care and safety (g) reviewing disaster plans that deal with both internal (e.g., fire) and external disasters; and (h) evaluating recruitment needs to ensure adequate medical staff capacity to continue to meet community needs. Except as otherwise provided in these bylaws, the board shall act in an advisory capacity and consistent therewith shall have only the following powers: (a) powers expressly granted by the member from time to time; (b) power to exercise its authority as a member of other corporations; (c) power to enforce any rights vested in the corporation under the bylaws of the member (as defined under the bylaws of the member) or under thes”

“As noted in various disclosures throughout this filing, beth israel lahey health, inc. (bilh) is the direct or indirect sole member of northeast hospital corporation . This form 990 is prepared by the bilh tax department in conjunction with deloitte tax, llp (deloitte). As part of this process, the bilh tax department works with other disciplines and functions within bilh and northeast hospital corporation to ensure that all financial and non-financial disclosures are complete and accurate. Examples of such departments include but are not limited to: finance and accounting, human resources and payroll, treasury, compliance, legal, community benefits, financial assistance and reimbursement, governance, development, graduate medical education, government relations, research and/or research finance. Northeast hospital corporation 's form 990 is reviewed internally by the bilh assistant vice president, taxation and externally by deloitte. Northeast hospital corporation 's form 990, along with the forms 990 of all entities in the bilh network, are discussed with the bilh audit and compliance committee. Deloitte signs the final returns. A copy of the complete return is then provided to each member of northeast hospital corporation 's board of trustees prior to submission to the internal revenue service.”

“As noted throughout this filing, northeast hospital corporation is a member of the beth israel lahey health (bilh) system of affiliates. All entities in the bilh network adhere to the bilh conflict of interest policy and maintain a written, comprehensive conflict of interest policy at the entity level. Pursuant to these policies, bilh entities' officers, trustees and key employees as well as certain other individuals are required to complete the annual conflict of interest and tax questionnaire (coi-tq). The coi-tq is designed to require disclosure of any business and family relationships and affiliations maintained by officers, trustees, or key employees and their family members and which may result in a real or perceived conflict of interest. The bilh office of integrity and compliance, in conjunction with the bilh tax department, administers the coi-tq process annually. Bilh integrity and compliance collects and reviews all disclosures. Disclosures for bilh executives and key employees are assigned appropriate follow-up action in accordance with the bilh policy. A summary of positive responses for each bilh affiliate is provided to the compliance officer for that entity for review final determination of any potential or actual conflict. Any activity that requires action under the conflict of interest policies is subject to ongoing review by northeast hospital corporation as well as the bilh integrity and compliance office. Pursuant to the bilh conflict of interest policy, certain activities which could create conflicts of interest are prohibited while other types of relationships are permitted, subject to compliance with a management plan to require disclosure and recusal, including appropriate documentation in the minutes. In addition, as noted above, the annual coi-tq process outlined above is jointly issued by the bilh tax department, to ensure that the questionnaire is distributed to all current and former members of the northeast hospital corporation board of trustees as well as former officers and key employees. The coi-tq process is designed to gather the information necessary for northeast hospital corporation to completely and accurately complete form 990 schedule l, transactions with interested persons and form 990, part vi, question 2, family and business relationships between officers, directors/trustees and key employees.”

“As noted throughout this filing, northeast hospital corporation is a member of the beth israel lahey health (bilh) network of affiliates with bilh serving as northeast hospital corporation 's sole member, or if not as direct sole member, indirectly as the member in its capacity as parent of the beth israel lahey health network. In this role bilh maintains the responsibility for setting compensation for executives and senior management of the entities which comprised the beth israel lahey health network. The bilh compensation committee is therefore responsible for assuring that the total compensation provided to these individuals is fair and reasonable using current and credible market practice information and is responsible for ensuring compliance with applicable legal and regulatory guidelines, the bilh compensation committee is composed of independent members of its board of trustees and except as otherwise noted below or in form 990 schedule j, the compensation reported in this form 990 for northeast hospital corporation 's officers, trustees and key employees was set by the bilh compensation committee. The bilh compensation committee process for setting compensation is below. The beth israel lahey health (bilh) compensation committee establishes the policies and the compensation structure, including benefits, for the beth israel lahey health network of affiliates including the bilh chief executive officer as well as other members of senior management at bilh and its affiliates. The compensation committee is responsible for assuring that the total compensation provided to these individuals is fair and reasonable using current and credible market practice information and is responsible for ensuring compliance with applicable legal and regulatory guidelines. The bilh compensation committee is composed of independent members of its board of trustees in setting compensation, the compensation committee relies upon published compensation surveys and studies produced by independent compensation consulting firms that regularly assess executive compensation and benefits of substantially similar organizations. The compensation committee meets to review the compensation structure of the individuals described above and at that time reviews the compensation survey details prepared by the independent compensation consulting firm. For some categories of positions, the compensation committee will review the compensation structure and targets as a group, rather than by individual. Compensation for the bilh ceo and other senior executives is reviewed on an individual basis. The compensation committee then votes to approve the compensation arrangements of all individuals described above except for the bilh ceo. The compensation package for the bilh ceo as voted by the compensation committee is submitted to the full board of trustees for approval. All deliberations for both the compensation committee and the board of trustees are contemporaneously documented in minutes. The compensation committee processes and procedures as described above are designed to meet the requirements of treasury regulation section 53.4958-6(c), rebuttable presumption that a transaction is not an excess benefit transaction.”

“As noted throughout this filing, northeast hospital corporation is a member of the beth israel lahey health (bilh) network of affiliates with bilh serving as northeast hospital corporation 's sole member, or if not as direct sole member, indirectly as the member in its capacity as parent of the beth israel lahey health network. Northeast hospital corporation 's governing documents, conflict of interest policy and financial statements are available to the general public upon request at the following location: beth israel lahey health tax department schrafft's city center, 4th floor, 529 main street charlestown, ma 02129”

“Centering on a concept and continuum of care that embraces the health, well-being and dignity of each patient, regardless of their ability to pay, northeast hospital corporation (nhc) has four facilities, beverly hospital, addison gilbert hospital, lahey outpatient center, danvers and bayridge hospital and is founded on the concepts of quality, caring and community. Together, these institutions are dedicated to providing the highest quality, patient-centered medical care for massachusetts' north shore and cape ann residents.”

“Centering on a concept and continuum of care that embraces the health, well-being and dignity of each patient, regardless of their ability to pay, northeast hospital corporation (nhc) has four facilities, beverly hospital, addison gilbert hospital, lahey outpatient center, danvers and bayridge hospital and is founded on the concepts of quality, caring and community. Together, these institutions are dedicated to providing the highest quality, patient-centered medical care for massachusetts' north shore and cape ann residents. During the fiscal period covered by this filing, beth israel lahey health (bilh) served as the sole member of anna jaques hospital (ajh), beth israel deaconess medical center, inc. (bidmc), mount auburn hospital (mah), new england baptist hospital (nebh), beth israel deaconess hospital -- milton, inc. (milton), beth israel deaconess hospital -- needham, inc. (needham), beth israel deaconess hospital -- plymouth, inc. (plymouth), lahey health shared services (lhss), lahey clinic foundation (lcf), winchester hospital (winchester), northeast hospital corporation (nhc) which includes beverly, addison gilbert and bayridge hospitals, northeast behavioral corporation (nbhc), the beth israel lahey health performance network (bilhpn), exeter health resources inc. (ehri) and the beth israel lahey health pharmacy. The lahey clinic foundation in turn served as the sole member of lahey clinic inc, and lahey clinic hospital d/b/a lahey hospital and medical center (lhmc) and exeter health resources inc served as the sole member of exeter hospital. Each of the entities listed here may have also, in turn, served as member to other network affiliates. Bilh is an integrated health care system committed to expanding access to extraordinary patient care across eastern massachusetts and southern new hampshire and advancing the science and practice of medicine through groundbreaking research and education. The bilh system is comprised of academic and teaching hospitals, a premier orthopedics hospital, primary care and specialty care providers, ambulatory surgery centers, urgent care centers, community hospitals, homecare services, outpatient behavioral health centers and addiction treatment programs. Bilh's community of clinicians, caregivers and staff includes approximately 4,700 physicians and 39,000 employees.”

“Outpatient clinics and services beverly and addison gilbert hospitals are leading providers in such important medical specialties that include, but are not limited to cardiology, oncology, radiology, geriatrics, women's health, rehabilitation, endoscopy, mammography and cardiopulmonary services. Some of these areas are highlighted below. Cardiovascular services cardiovascular services provide a full range of cardiac testing, diagnostic services, cardiovascular treatment and follow-up care. Nhc offers specialized cardiac tests such as electrocardiograms, echocardiograms, stress testing, doppler ultrasonography and cardiac catheterization, as well as treatment for a full range of cardiac disorders, including coronary artery disease, cardiomyopathy, valve and artery problems, irregular heartbeat, or a medical condition that places a patient at increased risk of developing heart disease. Oncology services the hospital operates a comprehensive cancer care center, accredited by the american college of surgeons commission on cancer, and which offers state-of-the-art medical and surgical care for individuals diagnosed with most types of cancer. The modern hematology/oncology center, located on the campuses of beverly and addison gilbert hospitals, allows patients to meet with their individualized care team, have laboratory tests and undergo treatment in a single location. It is designed to provide convenience, privacy and immediate access to resources including pharmacy and emergency care. The program's physicians participate in a collaborative team approach to caring for their patients. A team is made up of medical oncologists, surgeons, radiologists, and pathologists, all board-certified in their specialties. The program also has a dedicated inpatient oncology unit, which provides the highest levels of patient safety and quality, utilizing chemotherapy and supportive therapies by chemotherapy-certified rns. Rehabilitation services the center for rehabilitation and sports medicine at beverly hospital is distinguished as a center of excellence. Patients benefit from the most current technologies and techniques - delivered by highly trained staff committed to providing exceptional one-on-one care. The center provides the expert care to meet patients' timelines, goals and needs. It offers a full range of specialty services ranging from orthopedic rehabilitation to neurological therapy. Many of the center's therapists have doctorate degrees or advanced certification in their area of specialty. During the period covered by this filing, northeast hospital corp (including beverly, addison gilbert and bayridge) had 530,210 outpatient encounters. This included 96,958 hospital clinic encounters, 3,657 observation cases, 4,269 pain clinic visits, 9,237 wound center visits, 7,746 outpatient ambulatory surgeries, 12,646 outpatient endoscopy visits, 13,735 outpatient oncology visits, 5,145 outpatient oncology infusions, 28,050 outpatient ekg exams, 1,803 outpatient orthopedic procedures, 55,544 outpatient radiology exams, 33,298 outpatient ct scans, 20,458 outpatient ultrasounds, 11,756 outpatient mris, 1,797 other nuclear medicine tests, 27,630 breast imaging exams, 1,236,269 outpatient lab tests, 43,525 outpatient rehabilitation/physical therapy visits, and 43,339 other tests and procedures.”

“Inpatient medical / surgical and intensive care northeast hospital corporation (nhc), is located in massachusetts' north shore and cape ann regions. Nhc is comprised of two community hospitals (beverly and addison gilbert hospitals), a behavioral health facility (bayridge hospital) and lahey outpatient center, danvers which is an outpatient facility that offers diagnostic and imaging services, along with primary, specialty, preventative and urgent care. Between them, beverly, addison gilbert and bayridge hospitals have a total of 337 licensed beds, comprised of 197 medical/surgical beds, 18 intensive care unit beds, 11 pediatric service beds, 31 obstetrics service beds, and 80 psychiatric service beds. Nhc provides a wide range of inpatient services that include, but are not limited to critical care, general medicine, surgery, maternity/obstetrics, newborn special care, pediatrics and behavioral health/psychiatry. Some of these areas are highlighted below. During its fiscal year ended september 30, 2024, the organization had 43,339 inpatient discharges, 18,279 inpatient days, 25,283 inpatient psych days, and 607 pediatric psych days. Surgical services beverly hospital, addison gilbert hospital and lahey outpatient center, danvers offer the most innovative surgical care on massachusetts' north shore and cape ann regions, with exceptional surgeons and state-of-the-art facilities and equipment. Nhc is committed to providing the most effective surgical treatment while minimizing pain and recovery time. Surgical specialties include ophthalmology; ear, nose and throat (ent) surgery; breast surgery, general and gastrointestinal surgery; gynecological surgery; plastic surgery; spine surgery; urologic surgery; and vascular surgery. Surgeons also specialize in minimally invasive surgical procedures, which decrease the risk of infection and blood loss and minimize discomfort and recovery time. During fiscal year 2024, the organization performed 2,238 inpatient surgeries. Maternity services beverly hospital is recognized as one of the area's most prominent obstetric hospitals, with 1,985 deliveries in fiscal year 2024. Services to maternity patients include access to a special care nursery staffed by neonatologists from beth israel deaconess medical center, an affiliate of beverly hospital and a tertiary care academic medical center and harvard teaching hospital, who care for newborns in need of clinical intervention. Behavioral health/psychiatric services as part of a comprehensive continuum of care and an integrated medical/behavioral approach to treatment, nhc is committed to providing high-quality mental health services that address a broad range of affective, behavioral, cognitive and perceptual disorders. These mental health service programs provide diagnosis, evaluation and treatment of both psychiatric and substance abuse disorders, as well as services to patients with coexisting substance abuse and mental health disorders. The goal of treatment is to restore patients' coping skills by involving each patient in an individualized program that meets his or particular needs. Bayridge hospital in lynn, massachusetts offers a continuum of chemical dependency and psychiatric services on inpatient, partial hospitalization and outpatient bases. Acute inpatient psychiatric services and a partial hospitalization program are also available at the leland unit at beverly hospital. A total of 100 beds are available through nhc's inpatient behavioral health service located at the leland unit and bayridge hospital as well as beds at the addison gilbert hospital senior adult unit, which provides specialized care for seniors who require both medical and mental health services. The emergency psychiatric service is available to evaluate patients who come to the emergency departments and require psychiatric evaluation.”

“Emergency department beverly and addison gilbert hospitals' emergency departments are open 24-hours-a-day, 7 days a week, and provide the local communities with a dedicated emergency care team that includes board-certified emergency medicine physicians and specialty trained emergency nurses. Patients seeking care at beverly and addison gilbert hospitals have access to advanced life support, intensive care capabilities, and a wide range of doctors and clinicians specially trained in areas such as pediatrics, cardiology and anesthesia. In addition, both beverly and addison gilbert hospitals are primary stroke service hospitals. This designation means that both hospitals meet the criteria required to provide a high level of stroke care to patients. The hospitals have available diagnostic and therapeutic services from a multidisciplinary team and that team is accessible 24-hours a day, seven days a week to patients presenting with symptoms of acute stroke. Beverly hospital's emergency department also offers fast track, a program that provides dedicated staff to care for patients with minor injuries and illnesses. The service treats patients with sprains, flu, cuts and other minor injuries with the same care and technology as those patients with life-threatening injuries. Physicians from boston children's hospital staff beverly hospital's pediatric emergency service. These physicians offer specially trained, advanced care. During the fiscal year covered by this filing, beverly and addison gilbert hospitals had 61287 emergency department visits. In addition to the program service accomplishments noted above, the bilh network had significant activities across entities related to both behavioral health and other healthcare initiatives. See the narrative support for schedule h for additional details.”

“The boston, ma office of kpmg issued an unqualified opinion on the consolidated audited financial statements of the beth israel lahey health, inc. And affiliates for fiscal period ended september 30, 2024. These statements were prepared in accordance with generally accepted accounting principles (gaap) and included the accounts of the beth israel lahey health, inc. (bilh), and the entities for which beth israel lahey health, inc. (bilh) served as sole member during the fiscal period covered by this filing, (anna jaques hospital (ajh), beth israel deaconess medical center, inc. (bidmc), mount auburn hospital (mah), new england baptist hospital (nebh), beth israel deaconess hospital - milton, inc. (milton), beth israel deaconess hospital - needham, inc. (needham), beth israel deaconess hospital - plymouth, inc. (plymouth), lahey health shared services (lhss), lahey clinic foundation (lcf), winchester hospital (winchester), northeast hospital corporation (nhc) which includes beverly, addison gilbert and bayridge hospitals, northeast behavioral corporation (nbhc), the beth israel lahey health performance network (bilhpn), the joslin diabetes center, exeter health resources, inc. (ehri) and the beth israel lahey health pharmacy. The lahey clinic foundation in turn served as the sole member of lahey clinic inc, and lahey clinic hospital d/b/a lahey hospital and medical center (lhmc). Ehri in turn served as the sole member of exeter hospital and other affiliates of ehri. Each of these bilh affiliates may in turn serve as member of additional entities within the network of affiliates, and whose accounts are included in the bilh audited financial statements. In addition, the bilh financial statements also include the accounts of harvard medical faculty physicians at beth israel deaconess medical center, inc. (hmfp), the dedicated physician practice of beth israel deaconess medical center and an entity integrally related to helping bidmc and other affiliates in the bilh network accomplish their charitable purposes. The accounts of the entities for which hmfp serves as member are also included in the hmfp and bilh audited financial statements. The audit and compliance committee of bilh's board of trustees assumes responsibility for oversight of the consolidated audit for the network as a whole.”

“As described in this form 990 and for the period covered by this filing, beth israel lahey health, inc. (bilh) is an entity exempt from income tax under section 501(c)(3) of the internal revenue code of 1986, as amended and served as a support organization of and direct or indirect sole member of northeast hospital corporation. During this same period, northeast hospital corporation was a member of the bilh obligated group which has issued tax-exempt bond financing through either the bilh obligated group or through a previous obligated group which is now a part of the bilh obligated group. The schedule k as included in this form 990 includes all of the bilh obligated group outstanding tax-exempt debt for bonds issued after december 31, 2002, only a portion of which is allocable to and reported on northeast hospital corporation's balance sheet.”

“As reported on the form 990 schedule k, the lahey health system inc. (lhsi) series f bonds which were issued in 2015 are now part of the beth israel lahey health (bilh) obligated group debt. The bonds were issued in 2015 and as of september 30, 2023 there was a balance remaining in the construction fund. Proceeds in the construction fund were unexpectedly held beyond the three-year temporary period, and were yield restricted in compliance with federal tax requirements. Although these bonds are not on the northeast hospital corporation's balance sheet, northeast hospital corporation is including this disclosure in its form 990 because northeast hospital corporation is a member of the bilh obligated group.”

“As noted throughout this filing, beth israel lahey health (bilh) served as a support organization and the direct or indirect sole member of northeast hospital corporation. As part of that relationship, bilh provided centralized support to its network of supported organizations, including among other things, operational support such as processing payroll and accounts payable. In this capacity bilh issued all forms 1099 to not only its own vendors and service providers, but also to those who provided services to northeast hospital corporation. Forms 1099 were all issued in the bilh name and under the bilh ein. However, in accordance with instructions to this form 990,northeast hospital corporation is reporting the number of forms 1099 related to services performed for and payments related to, its service providers as if they were processed directly by northeast hospital corporation. Each other affiliate is similarly reporting the number of forms 1099 which are attributable to their own service providers.”

“Northeast hospital corporation did not receive any contributions of intellectual property and as such, was not required to file form 8899.”

“Northeast hospital corporation did not receive any contributions of cars, boats, airplanes or other vehicles and as such, was not required to file form 1098-c.”

“Outside labor: program service expenses 18,887,700. Management and general expenses 77,131. Fundraising expenses 0. Total expenses 18,964,831. Purchased services: program service expenses 17,923,164. Management and general expenses 126,251. Fundraising expenses 0. Total expenses 18,049,415. Professional fees: program service expenses 5,688,808. Management and general expenses 47,896. Fundraising expenses 0. Total expenses 5,736,704. Physician services: program service expenses 11,593,032. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,593,032. Lab services: program service expenses 948,087. Management and general expenses 0. Fundraising expenses 0. Total expenses 948,087. Clinical professional fees: program service expenses 178,771. Management and general expenses 23,196. Fundraising expenses 0. Total expenses 201,967.”

“Net assets released from restrictions 18,698. Net pension expense -5,348,948. Change in funded status of benefits -1,340,113. Pledge and fund adjustments 73,136. Transfer of net assets to affiliate -27,826,756. Net assets released for capital 99,738. Other adjustment”

“As noted throughout this form 990, northeast hospital corporation is a member of the beth israel lahey health network of affiliates. Beth israel lahey health (bilh) serves as the direct or indirect member of northeast hospital corporation and northeast hospital corporation is included in the consolidated audited financial statements of beth israel lahey health. The audit and compliance committee of bilh's board of trustees assumes responsibility for oversight of the consolidated audit for the network as a whole.”