Newbridge on the Charles Inc

“Hebrew SeniorLife, Inc. (HSL) IS THE SOLE MEMBER OF THE ORGANIZATION.”

“The hsl board chair appoints the members of the nboc's board of directors with the advice and consent of hsl board members.”

“Decisions involving major changes in organization, debt placement, sale of assets, etc. Are also subject to approval by hsls, board. Ultimately, governance of the corporation rests with the board of directors of the company's sole corporate member, hsl.”

“Preparation of the Form 990 begins internally with HSL staff and Forvis Mazars preparing the form with information from HSL staff and the NBOC audit. All forms 990 and 990-T of the affiliates of HSL (HSL is the sole corporate member of each affiliate) will be reviewed prior to filing by the audit & compliance committee of HSL. Subsequent to such review, and prior to filing, copies will be provided to the appropriate governing board of directors for each affiliate. The governing boards will have five days time in which to view the full returns prior to their filing.”

“The board of nboc voted to adopt the hsl conflict of interest policy. Monitoring and dealing with potential or actual conflicts: individuals covered under the conflict-of-interest policy have an affirmative duty to disclose the existence or possibility of a conflict of interest and shall be given the opportunity to disclose all material facts to the hsl conflicts committee. The organization's conflict of interest policy provides that annually, each covered person shall sign a statement affirming that such person received a copy of the conflict-of-interest policy, read and understands the policy and agrees to comply with the policy. The signed statement affirms that the person understands nboc is a charitable organization and that in order to maintain its taxexempt status, nboc must engage in activities which accomplish one or more of its taxexempt purposes. Who is covered: the conflict-of-interest policy covers all directors, officers, members of committees with board delegated powers, persons serving in senior staff positions outlined in an exhibit attached to the conflict-of-interest policy, and any other person who is in a position to exercise substantial influence over the affairs of any of the organization or any of its affiliates. Level at which determinations of conflict are made and which actual conflicts are reviewed: the hsl conflicts committee is responsible for determining if a conflict of interest exists and evaluating whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a transaction that would not give rise to a conflict of interest. The conflicts committee reports its findings to the board of directors who are responsible for making a final determination on the conflict. Restrictions on conflicted persons: all covered persons are restricted from entering into a transaction without disclosing the actual or potential conflict to the hsl conflict committee and obtaining approval of the board of directors. Covered persons with a conflict must leave the room when transactions giving rise to the conflict are under discussion by the board of directors.”

“The compensation committee of the hsl board, with the assistance of data provided by an independent, expert consultant, has reviewed the president/ceo's total compensation and the compensation of all officers and key employees as well as highly compensated employees (> $150,000) of hsl and its affiliates. The full hsl board further reviewed and approved the compensation of the officers, key employees, and highly compensated employees of hsl and its affiliates. The review and approval procedures outlined above were last completed in 2018. Additionally the organization completed a walk through of senior leadership compensation with an independent, expert consultant, during 2019. All of these committee members are independent directors. Independent consultants were hired by the compensation committee and assisted with the compensation review. Documentation and records of compensation committee meetings are maintained with respect to deliberations and compensation decisions.”

“The organization's tax returns are available at www.guidestar.org. Governing documents are available at the commonwealth of massachusetts' website. The tax returns, conflict of interest policy, and financial statements are also available upon request at the offices of hsl at 1200 centre st. Boston, ma 02131 or by telephone and email.”

“Other Income - Total Revenue: 459775, Related or Exempt Function Revenue: 459775, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 821,280 including grants of $)(Revenue $ 828,518) OTHER PROGRAM SERVICE REVENUE IS MADE UP OF INCOME FROM RESIDENTS AND THEIR GUESTS FOR VARIOUS SERVICES THAT NBOC PROVIDES (THE EXPENSES), INCLUDING CULINARY, TELECOMMUNICATIONS, MISCELLANEOUS, GUEST SUITES, PERSONAL CARE, AND ACTIVITY FEES.”

“Restricted Contributions, net of disbursements - -43047;”

“As part of our mission, we accept special responsibility for the frailest and neediest members of our community who are senior most dependent on our care. Everything we do flows from these tenets and is further inspired by the duty of tikkun olamto heal the world. We seek to fulfill this mission by: - providing a complete and integrated spectrum of the highest quality health care, housing facilities, and services for seniors, - conducting medical and social gerontological research to improve seniors' health and quality of life, - teaching future generations of health care professionals, - advocating for policies and programs that benefit seniors and their families - providing national and international leadership in the fields of senior health care, housing, research and teaching and - raising standards in senior health care and housing through innovation and leadership at the local, state, national, and international levels.”

“The negative unrestricted net asset balance is due to refundable entrance fee liabilities. Refundable entrance fees are paid to former residents from the proceeds of entrance fees paid by new residents. As entrance fees increase over time, the size of the refundable entrance fee liability also increases, assuming a stable resident census.”