North Hill Needham Inc

Nonprofit profile at a glance

EIN
042716090
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Needham, MA, USA
Phone
7814449910
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$57,153,415
Expenses
$56,446,772
Assets
$269,716,796
Liabilities
$312,210,793

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • JOSEPH A FRIAS (PRESIDENT & CEO)

Highest reported compensation

  • JOSEPH A FRIAS (PRESIDENT & CEO): $385,992 total reported compensation
  • PATTY CUSACK (SALES AND MARKETING DIRECTOR): $321,103 total reported compensation
  • RUTH KENNEDY (SENIOR SALES ASSOCIATE): $243,493 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

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.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 69
  • Accountability: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

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; 21st percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage 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

Details

  • Where the money goes: 71.1% of revenue deployed · 71.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $40.2M in reported program spending
  • Leadership: top reported pay $386K · 35 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.9M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.