2025-08-15T09:48:09-05:00 2023-12-06 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2023-10-01 050259111 HOPEHEALTH VISITING NURSE HOPE 4017695670 6 BLACKSTONE PLACE 515 LINCOLN RI 02865 DIANA FRANCHITTO PRESIDENT & CEO 4017695670 2025-08-14 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2025-08-14 2023 2025-03-06 01:10:19Z X DIANA FRANCHITTO 6 BLACKSTONE PLACE 515 LINCOLN RI 02865 249348 0 X WWW.HOPEHEALTHCO.ORG X 1908 RI PART OF THE HOPEHEALTH FAMILY OF SERVICES, HOPEHEALTH VISITING NURSE HAS BEEN MAKING A (SEE SCH. O) DIFFERENCE IN THE LIVES OF PATIENTS AND FAMILIES SINCE 1908. THROUGH INNOVATIVE PROGRAMS AND SERVICES, WE PROVIDE THE BEST POSSIBLE CARE TO THE COMMUNITIES WE SERVE. X 23 22 0 22 0 0 84689 0 5820874 0 -216279 18 12241946 249330 17931230 249348 0 0 0 0 9117384 0 0 0 0 1588498 260556 10705882 260556 7225348 -11208 1439722 0 1422005 0 17717 0 X WE ARE COMMITTED TO IMPROVING THE LIVES OF THE PEOPLE WE SERVE. WORKING AS A TEAM, OUR NURSES, THERAPISTS, HOME HEALTH AIDES AND OTHER PROFESSIONALS PROVIDE HIGH-QUALITY, COMPASSIONATE CARE TO PATIENTS IN THE COMFORT OF THEIR HOMES. OUR PATIENT-CENTERED CARE INCLUDES:PRIMARY SERVICES: NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, HOME HEALTH AIDES AND MEDICAL SOCIAL WORK. SPECIALTY SERVICES: THERAPIES FOR MOBILITY, VISION AND NEUROLOGICAL DISORDERS, AS WELL AS TELEMEDICINE, WOUND CARE AND PALLIATIVE HOME CARE. 0 1 260556 90557 HOPEHEALTH VISITING NURSE PROVIDES HIGH QUALITY HEALTHCARE SERVICES DESIGNED TO PROMOTE AND MAINTAIN COMMUNITY HEALTH AND TO PROVIDE IN-HOME HEALTH SERVICES FOR PATIENTS REQUIRING HEALTHCARE ASSISTANCE IN THE HOME. 260556 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 1 0 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X NICHOLAS CHAMPAGNE 4014154564 6 BLACKSTONE PLACE 515 LINCOLN RI 02865 KENNETH ARNOLD DIRECTOR 0.12 0.35 X 0 0 0 GEORGE BABCOCK DIRECTOR 0.06 0.17 X 0 0 0 CARIE BAILEY DIRECTOR 0.12 0.35 X 0 0 0 JEFFREY BRADLEY DIRECTOR 0.14 0.43 X 0 0 0 JANET COOPER NELSON REV DIRECTOR 0.12 0.35 X 0 0 0 DEBORAH CORNWALL DIRECTOR 0.14 0.43 X 0 0 0 BARBARA COTTAM DIRECTOR (LEFT 12/2023) 0.03 0.09 X 0 0 0 KWAME DAPAAH-AFRIYIE DIRECTOR 0.09 0.26 X 0 0 0 SUSAN DESANTO-MADEYA DIRECTOR 0.14 0.43 X 0 0 0 MICHAEL DISANDRO DIRECTOR 0.14 0.43 X 0 0 0 RUTH FAIN DIRECTOR 0.14 0.43 X 0 0 0 PETER KARCZMAR MD DIRECTOR 0.09 0.26 X 0 0 0 KEITH KELLY CHAIR 0.09 0.26 X X 0 0 0 AUDREY KYDD DIRECTOR 0.14 0.43 X 0 0 0 MAYER LEVITT DIRECTOR 0.12 0.35 X 0 0 0 CHRISTOPHER MARSELLA DIRECTOR 0.09 0.26 X 0 0 0 THERESA MOORE DIRECTOR 0.12 0.35 X 0 0 0 VINCENT MOR VICE CHAIR 0.14 0.43 X X 0 0 0 MICHAEL MURPHY DIRECTOR (LEFT 12/2023) 0.06 0.17 X 0 0 0 MARCIA NEIBERG DIRECTOR (START 12/2023) 0.12 0.35 X 0 0 0 ARTHUR ROBBINS DIRECTOR (LEFT 2/2024) 0.09 0.26 X 0 0 0 FRED SCHIFFMAN MD DIRECTOR (LEFT 12/2023) 0.06 0.17 X 0 0 0 STEPHEN SOSCIA TREASURER 0.12 0.35 X X 0 0 0 PAUL STAJDUHAR DIRECTOR 0.14 0.43 X 0 0 0 MARK TRACY SECRETARY 0.14 0.43 X X 0 0 0 MARK YOUNG DIRECTOR 0.12 0.35 X 0 0 0 DIANA FRANCHITTO PRESIDENT & CEO 0.00 33.92 X X 0 488735 30174 ADOZINDA KANE CFO (UNTIL 6/2024) 0.00 26.38 X 0 310390 35047 0 799125 65221 0 0 1 0 0 18 18 MISCELLANEOUS INCOME 900099 158773 158773 DISCHARGE OF DEBT - HHHPC 900099 90557 90557 249330 249348 90557 0 158791 117607 117607 IMPAIRMENT LOSS 140000 140000 MED SUPPLIES & EQUIP 753 753 2196 2196 260556 260556 0 0 397424 0 0 0 92316 0 0 0 0 0 74958 0 0 0 0 0 0 875024 0 1439722 0 505770 0 916235 0 1422005 0 X 3505 0 14212 0 17717 0 1439722 0 X -11208 -6509 X X 0 1 X 1 0 X 94825 1152804 236862 84689 0 1569180 10466120 9835401 7200679 5820874 0 33323074 10560945 10988205 7437541 5905563 34892254 42435 42778 43504 19484 148201 0 42435 42778 43504 19484 148201 34744053 36 87 558 18633 18 19332 36 87 558 18633 18 19332 561763 581970 541442 12241946 249330 14176451 11122744 11570262 7979541 18166142 249348 49088037 0.70780 0.75970 0.00040 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DISCHARGE OF DEBT - 2019 AMOUNT: $ 540,000. 2020 AMOUNT: $ 540,000. 2021 AMOUNT: $ 540,000. 2022 AMOUNT: $ 12,222,761. 2023 AMOUNT: $ 90,557. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 1,979. 2020 AMOUNT: $ 41,970. 2021 AMOUNT: $ 1,442. 2022 AMOUNT: $ 2,385. 2023 AMOUNT: $ 158,773. BEACON SHARE EARNING - 2022 AMOUNT: $ 16,800. OTHER PATIENT REVENUE - 2019 AMOUNT: $ 19,784. PART III, COLUMN E HOPEHEALTH VISITING NURSE DISSOLVED ON DECEMBER 6, 2023, MAKING IT A SHORT RETURN. 0 X PART X, LINE 2: BELOW IS AN EXCERPT FROM FOOTNOTE 1 OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR HOPEHEALTH. HOPEHEALTH'S ENTITIES HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS NOT-FOR-PROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAX POSITIONS BY APPLYING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2024 AND 2023, THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 0 0 0 0 0 0 0 0 DIANA FRANCHITTO PRESIDENT & CEO 0 447273 0 0 0 41462 0 4900 0 25274 0 518909 0 0 ADOZINDA KANE CFO (UNTIL 6/2024) 0 283441 0 15000 0 11949 0 4900 0 30147 0 345437 0 0 PART I, LINE 3 THE CEO/EXECUTIVE DIRECTOR OF HOPEHEALTH VISITING NURSE IS PAID BY A RELATED ORGANIZATION, HOPEHEALTH INC., WHICH USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE ASSETS 2023-10-26 1439722 BOOK VALUE 454391049 HOPEHEALTH 1085 NORTH MAIN STREET PROVIDENCE RI 02904 501(C)(3) 0 0 0 0 0 0 0 0 0 FORM 990, PART III, LINE 3 HHVN CEASED PROVIDING ALL HOME CARE SERVICES EFFECTIVE SEPTEMBER 30, 2023 AND DISSOLVED ON DECEMBER 6, 2023. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTOR MEMBERS KEITH KELLY AND BARBARA COTTAM ARE BOTH EMPLOYED BY RBS CITIZENS FINANCIAL GROUP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF HOPEHEALTH VISITING NURSE IS HOPEHEALTH. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD SHALL CONSIST OF SEVEN PERSONS: THE CHAIR, SECRETARY AND TREASURER OF THE MEMBER, SERVING EX OFFICIO WITH VOTE, AND FOUR AT-LARGE DIRECTORS. THE PRESIDENT OF THE MEMBER SHALL ALSO SERVE ON THE BOARD, EX OFFICIO, WITHOUT VOTE. THE AT-LARGE DIRECTORS SHALL BE NOMINATED BY THE MEMBER'S CORPORATE GOVERNANCE COMMITTEE AND ELECTED BY THE MEMBER'S BOARD OF DIRECTORS AT THE MEMBER'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBER SHALL BE LIMITED TO TAKING ACTION ON THE ACTIVITIES ENUMERATED BELOW AND THOSE ACTIVITIES EXPRESSLY REQUIRING ACTION OF THE MEMBER PURSUANT TO LAW, THE ARTICLES OF INCORPORATION OR ELSEWHERE IN THE BYLAWS. THE FOLLOWING ACTIONS SHALL REQUIRE THE APPROVAL OF THE HHPC'S BOARD AND APPROVAL BY THE MEMBER'S BOARD OF DIRECTORS: (A) AMENDING THE CORPORATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS; (B) AUTHORIZING (1) THE MERGER, AFFILIATION OR CONSOLIDATION OF HHVN WITH ANY OTHER ENTITY; (2) THE SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF HHVN; OR (3) THE VOLUNTARY DISSOLUTION OF HHVN, THE PLAN OF DISTRIBUTION OF ASSETS UPON DISSOLUTION AND REVOCATION OF VOLUNTARY DISSOLUTION PROCEEDINGS; (C) CAUSING HHVN TO COMMENCE BANKRUPTCY, RECEIVERSHIP OR OTHER INSOLVENCY PROCEEDINGS, OR ASSIGNING FOR THE BENEFIT OF CREDITORS ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF HHVN; (D) ESTABLISHING A CLINICAL SERVICE LINE OR AFFILIATE OF HHPC THAT IS NOT CURRENTLY IN EXISTENCE, OR CHANGING THE SERVICE LINE RESPONSIBILITIES AMONG HHPC AND ANY OF THE MEMBER'S OTHER SUBSIDIARIES, AS SUCH TERM IS DEFINED IN THE MEMBER'S BYLAWS; (E) HIRING OR FIRING OF HHVN'S CHIEF EXECUTIVE OFFICER; (F) ENTERING INTO ANY LOAN AGREEMENT OR OTHERWISE INCURRING DEBT IN EXCESS OF TWENTY THOUSAND DOLLARS ($20,000) AND ENTERING INTO A MORTGAGE, PLEDGE OR GRANT OF A SECURITY INTEREST IN PROPERTY OR ASSETS OF HHPC IN CONNECTION WITH ANY SUCH INDEBTEDNESS; AND (G) ADOPTING THE ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATION, INCLUDING ANY REVISIONS THERETO DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND PRESENTED TO THE AUDIT COMMITTEE FOR APPROVAL. THE FORM 990 IS THEN DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT OR PRIOR TO CONSIDERATION BY THE BOARD OR A COMMITTEE OF A MATTER, TRANSACTION OR ARRANGEMENT AS TO WHICH ANY DIRECTOR, OFFICER, MEMBER, EMPLOYEE OR VOLUNTEER HAS A POTENTIAL CONFLICT OF INTEREST, THE INDIVIDUAL HAVING SUCH CONFLICT SHALL DISCLOSE THE SAME TO THE BOARD/COMMITTEE, COMPLIANCE OFFICER IF EMPLOYEE OR VOLUNTEER AS THE CASE MAY BE. IF IT IS DETERMINED THAT AN ACTUAL CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH SUCH CONFLICT SHALL NOT BE PRESENT DURING DISCUSSION OR VOTING ON SUCH MATTER AS RELATES TO THE CONFLICT. APPROVAL OF ANY TRANSACTION OR ARRANGEMENT THAT INVOLVES A CONFLICT SHALL INVOLVE A CONSENSUS OF THOSE REMAINING THAT THE TRANSACTION IS IN THE INTERESTS OF THE ORGANIZATION AND FOR ITS BENEFIT, IS FAIR AND REASONABLE TO THE ORGANIZATION, AND THAT THE ORGANIZATION COULD NOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORT. THE BOARD OR COMMITTEE MAY, IF DEEMED APPROPRIATE, APPOINT A NON-INTERESTED COMMITTEE OR INDIVIDUAL TO INVESTIGATE ALTERNATIVES TO SUCH TRANSACTION OR ARRANGEMENT. THE BOARD SHALL, IN THE CASE OF VIOLATION OF THIS POLICY BY ANY INDIVIDUAL TAKE SUCH DISCIPLINARY OR OTHER CORRECTIVE ACTION AS IS NECESSARY TO PROTECT THE INTERESTS OF ORGANIZATION. THE MINUTES OF THE BOARD AND COMMITTEE MEETINGS SHALL RECORD DISCLOSURES AND OTHER PROCEEDINGS DESCRIBED ABOVE, INCLUDING THE NAMES OF ALL PERSONS PRESENT AND PARTICIPATING THEREIN AND ALL DETERMINATION, MADE PURSUANT TO SUCH PROCEDURES. ANNUALLY ALL CONFLICT OF INTEREST DISCLOSURE STATEMENTS WILL BE REVIEWED AT A MINIMUM, BY THE PRESIDENT/CHIEF EXECUTIVE OFFICE AND CHAIRMAN OF THE BOARD TO ENSURE THAT SUCH CONFLICTS ARE REASONABLE AND CONSISTENT WITH GENERAL KNOWLEDGE AND UNDERSTANDING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS SALARIES FOR THE CEO AND OTHER KEY MEMBERS OF SENIOR LEADERSHIP. THE PROCESS INCLUDES PERIODIC PROCUREMENT OF COMPARABILITY DATA FROM EXTERNAL INDEPENDENT SOURCES INCLUDING THE REVIEW OF FORM 990 OF OTHER ORGANIZATIONS. THE BOARD OF DIRECTORS REVIEW AND APPROVE THE SALARY OF THE CEO AND ANNUALLY APPROVES THE BUDGET WHICH INCLUDES SALARIES FOR THE OTHER MEMBERS OF THE SENIOR MANAGEMENT TEAM. SULLIVANCOTTER WAS RETAINED BY THE COMPENSATION COMMITTEE (COMMITTEE) OF THE BOARD OF DIRECTORS (BOARD) OF HOPEHEALTH TO CONDUCT A COMPETITIVE ASSESSMENT OF THE TOTAL COMPENSATION PROGRAM FOR ITS TOP LEADERSHIP POSITIONS. THE MARKET DATA ARE COMPILED FROM RELIABLE AND INDEPENDENT SURVEYS. THE DATA WERE DRAWN FROM NATIONAL PUBLISHED COMPENSATION SURVEYS AND REGIONAL IRS FORM 990 DATA (IF AVAILABLE). FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIALS ARE AVAILABLE BY REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS TRANSFERRED TO HHHPC -6,509. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH THE RESPONSIBILITY FOR THE SELECTION OF THE ORGANIZATION'S INDEPENDENT AUDITORS, AND FOR THE OVERSIGHT OF ITS FINANCIAL STATEMENTS. HOPEHEALTH HOSPICE & PALLIATIVE CARE 1085 NORTH MAIN STREET PROVIDENCE RI 02904 510192422 PROVIDE HOME CARE RI 501(C)(3) LINE 10 HOPEHEALTH 0 HOPEHEALTH 1085 NORTH MAIN STREET PROVIDENCE RI 02904 454391049 SUPPORTING ORGANIZATION RI 501(C)(3) LINE 12A, I N/A 0 HOPEHEALTH COMMUNITY VNA INC 10 EMORY STREET ATTLEBORO MA 02703 042475924 PROVIDE HOME CARE MA 501(C)(3) LINE 10 HOPEHEALTH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 HOPEHEALTH COMMUNITY VNA INC R 79580 CASH