2025-11-05T15:43:36-06:00 2024-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-01-01 030181052 Fanny Allen Holdings FANN 9786546363 40 Shattuck Road 317 Andover MA 01810 Stephen W Forney Treasurer, SVP/CFO 9786546363 2025-10-23 1 0 Connor Smart P02285543 2078792100 2025-10-23 2024 2025-03-06 01:10:19Z Stephen W Forney 40 Shattuck Road 317 Andover MA 01810 22034567 0 X N/A X 1894 VT Supporting not-for-profit organizations by holding and overseeing real property. X 3 1 0 1 0 0 0 0 1269566 1042700 -77741 16653609 0 0 1191825 17696309 0 0 0 0 0 0 0 0 0 450613 432268 450613 432268 741212 17264041 5710657 98686 4283 0 5706374 98686 X Fanny Allen Holdings supports affiliated not-for-profit organizations by holding and overseeing real property and ensuring that it is used in a manner consistent with the teachings of the Roman Catholic Church. 0 1 149790 0 1042700 Fanny Allen Holdings supports affiliated not-for-profit organizations by holding and overseeing real property and ensuring that it is used in a manner consistent with the teachings of the Roman Catholic Church. During the period covered by this Form 990, Fanny Allen Holdings disposed of all investments and fixed assets in either direct sales, or by transferring such assets to its supported, parent organization, Covenant Health, Inc. 149790 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 X X Stephen W Forney Treasurer SVPCFO 9786546363 40 Shattuck Road 317 Andover MA 01810 Stephen Grubbs Director 1.00 44.50 X 0 1235937 40164 John Newman Director 1.00 40.00 X 0 814976 32662 Michael Tomkowicz Director, Clerk 1.00 0.00 X X 0 0 0 Stephen W Forney Treasurer, SVP/CFO 1.00 41.80 X 0 817738 36123 0 2868651 108949 0 0 1 0 0 Rental income 531120 1042700 1042700 1042700 57217 57217 3996238 16938412 3295192 1043066 701046 15895346 16596392 16596392 17696309 1042700 0 16653609 2726 2726 49591 49591 4590 4590 39674 39674 55935 55935 Membership fees 279752 279752 432268 149790 282478 0 296341 23686 1667 0 0 1099001 4313648 0 75000 5710657 98686 4283 0 4283 0 X 5706374 98686 5706374 98686 5710657 98686 X 17264041 -317410 -22554319 X X 0 1 X 1 1 1 X X 1 Covenant Health Inc 222484505 10 1 22834071 0 1 22834071 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I, Line 12g: The Organization was organized to operate exclusively for the benefit of, to perform the functions of, or to cary out the purposes of Covenant Health, Inc., other organizations within or affiliated with the Covenant Health System that are exempt as 501(c)(3) public charities under Section 501(a)(1) or 509(a)(2), and/or other organizations that are exempt as 501(c)(3) public charities under Section 501(a)(1) or 509(a)(2). But for the existence of Fanny Allen Holdings, Covenant Health, Inc. would be responsible for the activities and services performed by Fanny Allen Holdings. 0 Funds held by trustees 75000 75000 X Part X, Line 2: Covenant and its member organizations are considered not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The System has evaluated the position taken on its filed tax returns. The System has concluded no uncertain income tax positions exist at December 31, 2024. 0 0 0 0 0 0 0 0 0 Stephen Grubbs Director 0 828455 0 400000 0 7482 0 10350 0 29814 0 1276101 0 0 Stephen W Forney Treasurer, SVP/CFO 0 511279 0 300000 0 6459 0 0 0 36123 0 853861 0 0 John Newman Director 0 500735 0 300000 0 14241 0 10350 0 22312 0 847638 0 0 Part I, Line 3 Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable. Net equity transfers to related organizations. 2024-12-31 22554319 Value per book 222484505 Covenant Health Inc 40 Shattuck Road 317 Andover MA 01810 501(c)(3) 0 0 0 0 Part II, Line 2e: Person(s) Involved: Please refer to this Form 990, Part VII, List of Officers and Directors, including the following persons: - Stephen W. Forney, Treasurer, SVP/CFO; - John Newman, Director; and - Stephen Grubbs, Director. Part II, Line 2e: Explanation of Involvement: Fanny Allen Holdings ("FAH") is affiliated with and part of the Covenant Health System, a group of related organizations dedicated to providing care, health, and patient services in and around New England. During the year covered by this Form 990, FAH made significant transfers of its net assets to Covenant Health, Inc. ("CHI"), itself a related organization within the System. Due to the inter-related nature of the organizations within the System, many individuals serve as directors, officers, executives, or employees simultaneously between multiple entities which are all related within the System. In any event where an individual served FAH and/or CHI as a Board Member, Officer, or employee, no such individuals became entitled to any additional compensation or benefits because of these transfers and net asset dispositions. Furthermore, no roles or responsibilities of any Board Member, Officer, or employee, either within FAH or CHI, materially changed due to the transfers with either respective entity. Form 990, Schedule N, Part II, Significant Disposition of Net Assets: During the period covered by this Form 990, Fanny Allen Holdings ("FAH") made significant transfers and dispositions of its net assets, as defined in the IRS Form 990 Instructions, to Covenant Health, Inc. ("CHI"). Both FAH and CHI are affiliated with and part of the Covenant Health System, a group of related organizations dedicated to providing care, health, and patient services in and around New England. The transfers and dispositions of net assets related predominantly to movements of cash and cash equivalent assets and transferring investments. All such movements of net assets from FAH to CHI were related to and in furtherance of the System's mission to provide care and health services to its community. The transfers from FAH to CHI, as reported on this Schedule N, are also included on this Form 990, Part XI, Line 9, Other Changes in Net Assets for this tax year, Net Transfers (To)/From Affiliates for -$22,554,319. Form 990, Part III, line 3 As of December 31, 2024, the Organization has sold, transferred, or otherwise disposed of all fixed assets, property, and investments. Accordingly, as of the end of this tax year, 100% of the Organization's assets consist of cash accounts and outside funds held by trustees. It is the Organization's anticipation that, without direct holdings of real or investment property, investment earnings and rental income may be reduced or eliminated in future tax years, until such time that the Organization again acquires further investments or capital assets to oversee in a manner consistent with its exempt, charitable mission. Form 990, Part VI, Section A, line 6 Covenant Health, Inc. is the sole corporate member of the Organization. Form 990, Part VI, Section A, line 7a As the sole corporate member of the Organization, Covenant Health, Inc. retains the ability to elect and remove the Organization's board of directors with or without cause. Form 990, Part VI, Section A, line 7b As the sole corporate member of the Organization, Covenant Health, Inc. has the following powers and rights over the Organization and its subsidiaries as outlined in the Organization's bylaws: 1. To approve any change in the written statements of philosophy and mission; 2. To amend and to repeal the organizing and governing documents; 3. To elect the Board of Directors or remove them with or without cause; 4. To appoint and remove the president; 5. To ratify the Board of Director's election of the Chair of the Board; 6. To approve all plans of merger, consolidation, reorganization, dissolution, or the sale, lease assignment, or transfer of substantially all of the assets, or the purchase or acquisition of an interest in any corporation, partnership, joint venture, or other entity; 7. To approve all long-range strategic plans before implementation; 8. To approve the acquisition, sale, or encumbrance of any real estate valued in excess of an amount set by the Member in writing; 9. To approve all capital budgets and non-budgeted expenses in excess of an amount set by the Member in writing; 10. To approve all debt in excess of limits set by the Member in writing; 11. To appoint the auditors; 12. To approve the sale, assignment, or transfer of any equity interest or membership interest in any subsidiary; 13. To approve any reclassification or other change of any capital stock or other equity security; and, 14. To approve the issuance of, or the creation of any obligation to issue, any equity security. Form 990, Part VI, Section B, line 11b The Form 990 is provided to the governing body for their review and approval prior to filing. Form 990, Part VI, Section B, line 12c This process is the responsibility of the Compliance Officer. A conflict of interest disclosure form is submitted to all leadership, board members, board committee members, employed physicians, medical directors and certain employees in key positions annually to be completed. Reminders are sent to all persons of interest to ensure that all conflict of interest disclosure forms are completed and collected. Form 990, Part VI, Section B, line 15 Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable. Form 990, Part VI, Section C, line 19 The Organization's Form 990, governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The Organization's Form 990 is also made available on the website of its parent organization, Covenant Health, at the following web address: https://covenanthealth.net/financials/ Form 990, Part XI, line 9: Transfers to affiliates (net) -22,554,319. Form 990, Part XII, Line 2c: The audit process has not changed from the previous year. Alternative Health Services 360 Broadway Bangor ME 04402 010422885 Home health and hospice ME 501(c)(3) Line 10 St Joseph Healthcare Foundation 0 Bangor Nursing & Rehabilitation Center 103 Texas Avenue Bangor ME 04401 010538534 Nursing home and restorative facility ME 501(c)(3) Line 10 Covenant Health Inc 0 CHS of Waltham Inc dba Maristhill Nursing & Rehab Center 66 Newton Street Waltham MA 02453 043333609 Nursing home and restorative facility MA 501(c)(3) Line 10 Covenant Health Inc 0 CHS of Worcester Inc dba St Mary Care Center 39 Queen Street Worchester MA 01610 043419625 Nursing home and restorative facility MA 501(c)(3) Line 10 Covenant Health Inc 0 Community Clinical Services PO Box 7291 Lewiston ME 04243 010409788 Physician practice ME 501(c)(3) Line 10 St Mary's Health System 0 Covenant Health Foundation Inc 40 Shattuck Drive 317 Andover MA 01810 800199674 Charitable foundation MA 501(c)(3) Line 12a, I Covenant Health Inc 0 Covenant Health Investment Trust 40 Shattuck Drive 317 Andover MA 01810 046835128 Investment trust MA 501(c)(3) Line 12a, I Covenant Health Inc 0 Covenant Health Inc 40 Shattuck Drive 317 Andover MA 01810 222484505 Health care management and resource organization MA 501(c)(3) Line 10 N/A 0 Fanny Allen Corporation Inc 40 Shattuck Drive 317 Andover MA 01810 222495808 Charitable foundation VT 501(c)(3) Line 12a, I Covenant Health Inc 0 Helping Hands of St Marguerite Inc 799 Concord Avenue Cambridge MA 02138 800199674 Private home-care health services MA 501(c)(3) Line 10 Covenant Health Inc 0 M & J Company 360 Broadway Bangor ME 04402 222480150 Lease holding company ME 501(c)(2) St Joseph Healthcare Foundation 0 Mary Immaculate Guild Inc 172 Lawrence Street Lawrence MA 01841 463073987 Supporting grants and donations MA 501(c)(3) Line 12a, I Covenant Health Inc 0 MI Adult Day Health Care Center Inc 189 Maple Street Lawrence MA 01841 042921888 Adult day care services MA 501(c)(3) Line 10 Covenant Health Inc 0 MI Management Inc 172 Lawrence Street Lawrence MA 01841 042857794 Assisted living services MA 501(c)(3) Line 12a, I Covenant Health Inc 0 MI Nursing Restorative Center Inc 172 Lawrence Street Lawrence MA 01841 042104851 Nursing home and restorative facility MA 501(c)(3) Line 10 Covenant Health Inc 0 MI Residential Community Inc 189 Maple Street Lawrence MA 01841 042647207 HUD low income housing MA 501(c)(3) Line 10 Covenant Health Inc 0 MI Transportation Inc 189 Maple Street Lawrence MA 01841 042921889 Elderly transportation services MA 501(c)(3) Line 10 Covenant Health Inc 0 Mount St Rita Health Centre 15 Sumner Brown Road Cumberland RI 02864 050342330 Nursing home RI 501(c)(3) Line 10 Covenant Health Inc 0 Neighborhood Housing Initiative PO Box 7291 Lewiston ME 04243 010539730 Affordable housing services ME 501(c)(3) Line 10 St Mary's Health System 0 Penacook Place Inc 150 Water Street Haverhill MA 01830 237090088 Nursing home MA 501(c)(3) Line 10 Covenant Health Inc 0 Souhegan Nursing Association 24 North River Road Milford NH 03055 020222795 Home health and hospice NH 501(c)(3) Line 10 St Joseph Hospital of Nashua NH Inc 0 St Joseph Ambulatory Care Inc 360 Broadway Bangor ME 04402 222480373 Physician practice ME 501(c)(3) Line 10 St Joseph Healthcare Foundation 0 St Andre Health Care 407 Pool Street Biddeford ME 04005 010342399 Nursing home and restorative facility ME 501(c)(3) Line 10 Covenant Health Inc 0 St Joseph Healthcare Foundation 360 Broadway Bangor ME 04402 222480149 Healthcare foundation ME 501(c)(3) Line 10 Covenant Health Inc 0 St Joseph Hospital 360 Broadway Bangor ME 04402 010212435 Hospital and health care facility ME 501(c)(3) Line 3 St Joseph Healthcare Foundation 0 St Joseph Manor Health Care 215 Thatcher Street Brockton MA 02302 042565937 Nursing home and restorative facility MA 501(c)(3) Line 10 Covenant Health Inc 0 St Joseph's Hospital of Nashua NH Inc 172 Kinsley Street Nashua NH 03061 020222215 Hospital and health care facility NH 501(c)(3) Line 3 Covenant Health Inc 0 St Mary's D'Youville Pavilion PO Box 7291 Lewiston ME 04243 010211558 Nursing home and restorative facility ME 501(c)(3) Line 10 St Mary's Health System 0 St Mary's Health System PO Box 7291 Lewiston ME 04243 222504349 Hospital and health care facility ME 501(c)(3) Line 12a, I Covenant Health Inc 0 St Mary's Regional Medical Center PO Box 7291 Lewiston ME 04243 010211551 Hospital and health care facility ME 501(c)(3) Line 3 St Mary's Health System 0 St Mary's Residences PO Box 7291 Lewiston ME 04243 222504356 Low income housing ME 501(c)(3) Line 10 St Mary's Health System 0 St Mary's Villa Nursing Home Inc 675 St Marys Villa Road Moscow PA 18444 232057177 Nursing home and restorative facility PA 501(c)(3) Line 10 Covenant Health Inc 0 The Surgicenter at St Joseph Hospital Inc 172 Kinsley Street Nashua NH 03061 020222215 Healthcare and surgery center NH 501(c)(3) Line 10 St Joseph Hospital of Nashua NH Inc 0 Youville Hospital and Rehabilitation Center Inc 1575 Cambridge Street Cambridge MA 02138 043239563 Hospital and health care facility MA 501(c)(3) Line 10 Youville Lifecare Inc 0 Youville House Inc 1573 Cambridge Street Cambridge MA 02138 043239593 Assisted living services MA 501(c)(3) Line 10 Youville Lifecare Inc 0 Youville Lifecare Inc 1575 Cambridge Street Cambridge MA 02138 042103582 Hospital and health care facility MA 501(c)(3) Line 10 Covenant Health Inc 0 Youville Place 10 Pelham Road Lexington MA 02421 043297834 Assisted living services MA 501(c)(3) Line 10 Covenant Health Inc 0 Campus Holding PO box 7291 Lewiston ME 04240 010406049 Holding company ME N/A C 0 Covenant Health Insurance LTD PO Box 69 Grand Cayman CJ KY1-1102 043360127 Self-insurance company CJ N/A C 0 GNM Corporation 172 Kinsley Street Nashua NH 03060 020400550 Real estate holding company NH N/A C 0 SJ Physicians Services 172 Kinsley Street Nashua NH 03060 020522234 Physician practice NH N/A C 0 St Joseph Corporate Services Inc 172 Kinsley Street Nashua NH 03060 020405197 Holding company NH N/A C 0 Strauss Incorporated 360 Broadway Bangor ME 04402 010391369 Repairs and transcriptions ME N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0