North Hill Needham Inc

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 71.1%; rating input score 71
• Program expense ratio: 71.3%; rating input score 71
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 85.6%; rating input score 86; 19th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited
• Public monitoring controls: Limited
• Public policy transparency: Limited
• Public financial transparency: Limited
• Impact reporting controls: Limited
• Public relationship transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
• Public governance controls: Limited
• Zakat policy transparency: Limited

Sustainability

• Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
• Operating reserve ratio: 4.78; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 1.16; rating input score 4; 4th percentile among comparable filings
• Officer compensation ratio: 5.6%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
• Revenue growth: 6.4% per year; rating input score 100; 55th percentile among comparable filings
• Asset growth: 5.2% per year; rating input score 100; 38th percentile among comparable filings