TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 04-01-2015 , and ending 03-31-2016

Name of foundation
GAFNEY HOME

Number and street (or P.O. box number if mail is not delivered to street address)90 WAKEFIELD STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ROCHESTER, NH038671988

A Employer identification number

02-0222132

B Telephone number (see instructions)

(603) 332-2705

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$605,525J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,213
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	7		7
4	Dividends and interest from securities...	19,482		19,482
5a	Gross rents............	9,760
b	Net rental income or (loss) 8,236
6a	Net gain or (loss) from sale of assets not on line 10		30,593
b	Gross sales price for all assets on line 6a 219,997
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		848,281
12	Total. Add lines 1 through 11........	909,336		19,489
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	681,675			681,675
15	Pension plans, employee benefits.......	81,878			81,878
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		8,145	5,445	2,700
c	Other professional fees (attach schedule)....		3,773		3,773
17	Interest...............	1,147
18	Taxes (attach schedule) (see instructions)...		2,556	2,556
19	Depreciation (attach schedule) and depletion...		32,013
20	Occupancy..............
21	Travel, conferences, and meetings.......	168			168
22	Printing and publications..........
23	Other expenses (attach schedule).......		265,915		264,391
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,077,270		8,001	1,034,585
25	Contributions, gifts, grants paid.......	1,870			1,870
26	Total expenses and disbursements. Add lines 24 and 25	1,079,140		8,001	1,036,455
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-169,804
b	Net investment income (if negative, enter -0-)			11,488
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	65,242	68,141	68,141
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	144	147
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	439,212	344,692	507,824
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	123,112	25,770	29,560
	14	Land, buildings, and equipment: basis 724,625
		Less: accumulated depreciation (attach schedule) 381,440	332,624	343,185
	15	Other assets (describe )	5,555	5,650
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	965,889	787,585	605,525
	17	Accounts payable and accrued expenses..........	8,334	5,610
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	107,579	101,803
	23	Total liabilities (add lines 17 through 22).........	115,913	107,413
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,180,442	849,985
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	-330,466	-169,813
	30	Total net assets or fund balances (see instructions).....	849,976	680,172
	31	Total liabilities and net assets/fund balances (see instructions).	965,889	787,585

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

849,976

Enter amount from Part I, line 27a .....................

-169,804

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

680,172

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

680,172

Form 990-PF (2015)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	1,177,027	1,286,353	0.915011
2013	1,291,703	1,503,860	0.858925
2012	1,267,225	1,635,736	0.774712
2011	1,233,853	1,933,127	0.638268
2010	1,082,885	2,993,348	0.361764

Total of line 1, column (d) .....................

23.548680

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.709736

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

777,108

Multiply line 4 by line 3......................

551,542

Enter 1% of net investment income (1% of Part I, line 27b)...........

115

Add lines 5 and 6........................

551,657

Enter qualifying distributions from Part XII, line 4.............

1,036,455

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	115
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	115
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	115
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	240
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	240
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	125
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax125	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.GAFNEYHOME.ORG

The books are in care of bullet

GERRY BISAILLON Telephone no. bullet

(603) 332-2705

Located at bullet

90 WAKEFIELD ST90 WAKEFIELD STROCHESTERNH ZIP+4 bullet

038671988

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
CLAIRE BISAILLON	SECRETARY 5.00	0	0	0
14 ST JAMES TERRACE ROCHESTER,NH03867	SECRETARY 5.00	0	0	0
BRENDA HARRINGTON	DIRECTOR 2.00	0	0	0
CHARTER TRUST PO BOX 1462 ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
MERILYN BERRY	DIRECTOR 2.00	0	0	0
77 WALNUT STREET ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
CARL POTVIN	VICE-PRESIDE 5.00	0	0	0
PO BOX 1776 ROCHESTER,NH03867	VICE-PRESIDE 5.00	0	0	0
GERRY BISAILLON	PRESIDENT 5.00	0	0	0
14 ST JAMES TERRACE ROCHESTER,NH03867	PRESIDENT 5.00	0	0	0
PAUL GRONDIN	DIRECTOR 2.00	0	0	0
177 N MAIN STREET ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
ROBERT BERRY	DIRECTOR 2.00	0	0	0
77 WALNUT STREET ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
CHARLIE PIERONI	DIRECTOR 2.00	0	0	0
164 TEN ROD ROAD ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
JUDY OUELLETTE	DIRECTOR 2.00	0	0	0
37 PRAY STREET ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0
BARBARA POTVIN	TREASURER 5.00	0	0	0
PO BOX 1776 ROCHESTER,NH038661776	TREASURER 5.00	0	0	0
PAUL TURNER	DIRECTOR 2.00	0	0	0
31 PLEASANT STREET FARMINGTON,NH03835	DIRECTOR 2.00	0	0	0
ROSEMARY SHIELDS	DIRECTOR 2.00	0	0	0
133 BROCK STREET ROCHESTER,NH03867	DIRECTOR 2.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

602,347

Average of monthly cash balances.......................

13,532

Fair market value of all other assets (see instructions)................

173,063

Total (add lines 1a, b, and c).........................

788,942

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

788,942

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

11,834

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

777,108

Minimum investment return. Enter 5% of line 5..................

38,855

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

38,855

Tax on investment income for 2015 from Part VI, line 5......

115

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

115

Distributable amount before adjustments. Subtract line 2c from line 1............

38,740

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

38,740

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

38,740

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,036,455

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,036,455

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

115

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,036,340

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			38,740
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......	759,727
b From 2011......	1,138,045
c From 2012......	1,186,124
d From 2013......	1,216,942
e From 2014......	1,113,133
fTotal of lines 3a through e........		5,413,971
4Qualifying distributions for 2015 from Part
XII, line 4: $ 1,036,455
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....			38,740
e Remaining amount distributed out of corpus		997,715
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		6,411,686
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		759,727
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		5,651,959
10 Analysis of line 9:
a Excess from 2011....	1,138,045
b Excess from 2012....	1,186,124
c Excess from 2013....	1,216,942
d Excess from 2014....	1,113,133
e Excess from 2015....	997,715

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GREATER ROCHESTER CHAMBER OF COMMER 18 S MAIN STREET ROCHESTER,NH03867			SPONSORSHIPS	1,560
FRISBIE MEMORIAL HOSPITAL 11 WHITEHALL RD ROCHESTER,NH03867			SPONSORSHIPS	250
THE HOMEMAKERS HEALTH SERVICES 215 ROCHESTER HILL RD ROCHESTER,NH03867			SPONSORSHIP	60
Total ................................. 3a				1,870

bApproved for future payment

Total ................................. 3b

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aRESPITE CARE			8	12,773
bADMISSION FEES					20,000
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....			3	815,508
3 Interest on savings and temporary cash investments ...........			14	7
4 Dividends and interest from securities....			14	19,482
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....	531110	8,236
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............					30,593
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		8,236		847,770	50,593

13Total. Add line 12, columns (b), (d), and (e)..................

13906,599

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	2,700			2,700
INVESTMENT EXPENSES	5,445	5,445

- TIN:

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TY 2015 DepreciationSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
IMPROVEMENTS	1992-10-01	50,396	41,224	S/L	27.5000	1,833
ROOFING	1993-08-17	1,000	785	S/L	27.5000	36
IMP-ELECTRICAL	1994-06-08	3,000	2,267	S/L	27.5000	109
PAVING	1994-06-15	3,600	2,723	S/L	27.5000	131
SECURITY SYSTEMS	1994-09-14	7,200	5,381	S/L	27.5000	262
IMP-ELECTRICAL	1994-11-03	2,875	2,131	S/L	27.5000	104
IMP-ELECTRICAL	1995-10-01	2,519	1,784	S/L	27.5000	92
HANG IT RIGHT	1997-06-18	378	378	200DB	7.0000
IMP-BRICK WORK	1998-02-24	1,300	767	S/L	27.5000	47
PAVING	1998-08-18	13,700	13,700	150DB	15.0000
WINDOWS	1999-03-31	2,380	1,331	S/L	27.5000	87
WINDOWS	1999-04-23	9,730	5,411	S/L	27.5000	354
CARPET	1999-09-07	811	811	200DB	7.0000
LANDSCAPING	1999-09-14	3,416	3,416	150DB	15.0000
IMP - BOILER	1999-09-28	3,274	3,274	150DB	15.0000
LANDSCAPING	1999-10-05	3,868	3,868	150DB	15.0000
NEW ROOF	1999-11-18	2,500	2,500	150DB	15.0000
CARPET	2000-02-29	368	368	200DB	5.0000
IMPROVEMENTS	2000-06-15	2,350	1,228	S/L	27.5000	85
CARPET	2002-04-02	343	343	200DB	5.0000
CARPET	2002-07-03	3,307	3,307	200DB	10.0000
NEW BATHROOM	2003-01-20	1,900	843	S/L	27.5000	69
IMP- BOILER	2003-02-05	4,035	3,363	150DB	15.0000	269
CARPET	2003-02-27	1,004	1,004	200DB	10.0000
IMP- BOILER	2003-03-31	4,583	3,819	150DB	15.0000	306
KITCHEN CABINET	1993-06-24	3,095	3,095	200DB	10.0000
LAWN FURNITURE	1993-08-26	425	425	200DB	10.0000
BALDWIN ORGAN	1994-05-11	1,830	1,830	200DB	10.0000
DRAPERIES	1996-10-08	542	542	200DB	7.0000
UPHOLSTRE FURNITURE	1996-10-15	1,840	1,840	200DB	7.0000
2 FLOOR LAMOS	1996-11-05	265	265	200DB	7.0000
CEILING FAN	1996-12-12	252	252	200DB	7.0000
UPHOLSTER FURNITURE	1996-12-23	623	623	200DB	7.0000
UPHOLSTER FURNITURE	1997-07-08	308	308	200DB	7.0000
STOVE	1997-10-23	2,975	2,975	200DB	7.0000
ELECTROLUX	1998-01-12	644	644	200DB	7.0000
LAWN FURNITURE	1998-06-17	596	596	200DB	7.0000
LIFEPLUS CHAIRS	1998-06-23	2,200	2,200	200DB	7.0000
LAUDERETTE	1999-03-10	650	650	200DB	7.0000
BED & WHEELCHAIR	1999-04-01	1,220	1,220	200DB	7.0000
UPHOLSTER FURNITURE	1999-06-02	480	480	200DB	7.0000
COMPUTER	1999-06-22	1,999	1,999	200DB	7.0000
PATIO FURNITURE	1999-06-30	1,223	1,223	200DB	7.0000
DLB HUNG WINDOW	1999-07-27	250	250	200DB	7.0000
STEEL DOOR	1999-10-06	989	989	200DB	7.0000
PATIO FURNITURE	1999-10-11	955	955	200DB	7.0000
EQUIPMENT	1999-11-09	399	399	200DB	7.0000
PARKING LOT LIGHTS	1999-11-23	381	381	200DB	7.0000
SNOWBLOWER	2000-01-19	3,189	3,189	200DB	7.0000
FAX	2000-06-23	120	120	200DB	7.0000
COPIER	2000-06-23	800	800	200DB	7.0000
WINDOW IN DOOR	2000-08-21	265	265	200DB	7.0000
LOVE SEAT	2000-08-30	596	596	200DB	7.0000
FLOOR POLISHER	2000-09-05	125	125	200DB	7.0000
GUTTER & DOWN SPOUT	2000-10-02	686	686	200DB	7.0000
2 TELEPHONES	2000-10-05	391	391	200DB	7.0000
WING CHAIR	2000-12-15	100	100	200DB	7.0000
5 MEDICINE CABINETS	2001-01-18	255	255	200DB	7.0000
REFRIGERATOR	2002-04-18	751	751	200DB	7.0000
TELESCOPE TABLE	2002-07-03	331	331	200DB	5.0000
DRAPES	2002-07-11	752	752	200DB	7.0000
3 TELEPHONES	2002-09-13	490	490	200DB	5.0000
TELEPHONE SYSTEM UPGRADE	2003-01-08	979	979	200DB	7.0000
NEW FURNACE	2003-08-01	13,245	10,155	150DB	15.0000	883
CARPET-UPSTAIRS ROOM	2003-07-01	1,561	1,561	200DB	7.0000
GAS HEATER - APT	2004-02-17	1,585	1,585	200DB	7.0000
AIR CONDITIONER	2003-07-02	219	219	200DB	5.0000
ARM CHAIR	2003-11-29	220	220	200DB	5.0000
WASHING MACHINE	2003-12-13	370	370	200DB	5.0000
NEW PORCH	2004-11-01	41,571	11,059	S/L	39.0000	1,066
CARPETING	2004-04-29	732	732	200DB	5.0000
FIRE SYSTEM KITCHEN	2004-08-19	2,055	2,055	200DB	7.0000
PAVING	2004-11-24	1,750	1,285	150DB	15.0000	104
SPRINKLER HEADS	2005-03-03	5,400	1,389	S/L	39.0000	139
DISHWASHER	2004-04-05	3,895	3,895	200DB	7.0000
SIGN	2004-05-14	2,525	2,525	200DB	7.0000
PORCH FURNITURE	2005-01-04	1,875	1,875	200DB	7.0000
NEW ROOF	2004-07-22	2,800	2,056	150DB	15.0000	165
NEW LIFT	2005-08-22	800	800	200DB	7.0000
NEW ROOF	2005-05-31	900	900	S/L	7.0000
CARPET	2005-12-06	960	960	200DB	7.0000
PAVING - SIDE PORCH	2006-08-01	875	744	S/L	10.0000	87
CARPET- ROOMS & DINING	2006-08-08	1,875	1,875	S/L	5.0000
NEW ROOF - RIGHT FRONT	2006-08-18	6,000	3,400	S/L	15.0000	400
NEW LIFT - SILVER CROSS	2006-09-08	10,495	8,921	S/L	10.0000	1,049
BACK PORCH DOOR	2006-09-18	2,002	1,701	S/L	10.0000	201
NEW FRONT PORCH	2006-10-15	29,454	9,059	S/L	27.5000	1,071
NEW ELECTRIC SYSTEM	2006-10-24	7,690	4,358	S/L	15.0000	512
NEW ROOF LEFT FRONT	2006-12-15	6,250	3,542	S/L	15.0000	416
AIR CONDITIONER	2006-06-29	285	285	200DB	7.0000
BRICK OWRK	2007-06-29	1,493	784	S/L	15.0000	99
CARPET OUTSIDE STAIRS	2007-07-16	396	396	200DB	5.0000
CARPET NURSES STATION	2007-10-26	495	495	200DB	5.0000
50 GAL. HOT WATER TANK	2008-01-15	1,411	1,411	200DB	5.0000
CARPET - DINING ROOM	2008-01-15	2,055	2,055	200DB	5.0000
PIANO	2007-08-09	250	250	200DB	7.0000
NEW BATHROOMS	2008-05-01	65,253	11,503	S/L	39.0000	1,673
NEW ROOF - BARN	2008-06-04	1,550	710	S/L	15.0000	103
AIR CONDITIONING	2008-07-01	2,800	1,855	S/L	10.0000	280
WASHING MACHINE	2008-10-09	400	381	200DB	7.0000	19
COMPUTER & PRINTER	2008-12-15	370	370	200DB	5.0000
STAIRLIFT	2009-03-19	4,345	1,774	S/L	15.0000	290
CARPET	2009-05-29	430	430	200DB	5.0000
FURNITURE & EQUIPMENT	2009-09-30	756	655	200DB	7.0000	67
AIR CONDITIONER	2009-06-16	6,580	977	S/L	39.0000	169
WINDOWS	2009-10-21	899	126	S/L	39.0000	23
KITCHEN EQUIPMENT	2010-12-31	3,611	3,611	200DB	7.0000
COMPUTER EQUIPMENT	2010-12-31	6,263	6,263	200DB	5.0000
GENERATOR	2010-12-22	25,900	25,900	200DB	7.0000
TOOLS & EQUIPMENT	2011-02-08	575	575	200DB	5.0000
TELEVISION	2010-09-01	998	969	200DB	5.0000	29
FURNITURE & FIXTURES	2010-09-30	7,914	7,914	200DB	7.0000
IMPROVEMENTS	2010-09-30	46,318	5,394	S/L	39.0000	1,188
SECURITY CAMERAS	2011-09-06	1,644	1,644	200DB	5.0000
CALL SYSTEM	2011-04-13	1,265	1,265	200DB	5.0000
ICE MAKER	2012-03-27	1,839	1,552	200DB	7.0000	82
DISHWASHER	2012-02-07	2,898	2,445	200DB	7.0000	130
REFRIDGERATOR	2012-01-03	3,744	3,159	200DB	7.0000	167
KITCHEN EQUIPMENT	2011-09-30	3,603	3,603	200DB	7.0000
COMPUTER EQUIPMENT	2011-04-30	1,898	1,898	200DB	5.0000
DIETARY SOFTWARE	2011-12-01	500	500		3.0000
TOOLS EQUIPMENT	2011-09-30	2,049	2,049	200DB	7.0000
FURNITURE	2011-09-30	6,774	6,774	200DB	7.0000
IMPROVEMENTS	2011-09-30	12,859	1,168	S/L	39.0000	329
CALL SYSTEM	2012-11-28	450	386	200DB	5.0000	26
COMPUTER EQUIPMENT	2012-09-30	2,526	2,162	200DB	5.0000	146
TOOLS & EQUIPMENT	2012-05-11	255	199	200DB	7.0000	16
FURNITURE & EQUIPMENT	2012-09-30	336	262	200DB	7.0000	21
FLOORING	2013-03-12	1,850	97	S/L	39.0000	47
PAVING	2012-12-31	10,520	6,472	150DB	15.0000	405
HOT WATER TANK	2012-10-01	2,915	184	S/L	39.0000	74
IMPROVEMENTS	2013-03-01	67,801	3,549	S/L	39.0000	1,739
2006 CHEVY VAN	2013-04-19	7,800	5,928	200DB	5.0000	749
AIR CONDITIONERS	2013-06-01	1,412	1,073	200DB	5.0000	135
CALL SYSTEM	2013-07-01	186	141	200DB	5.0000	18
ICE MAKER	2013-04-12	146	101	200DB	7.0000	13
COMPUTER (LAUREL	2013-07-05	663	504	200DB	5.0000	63
SOFTWARE	2013-12-31	401	290		3.0000	66
NETWORK COMPUTERS	2014-02-03	5,539	2,880	200DB	5.0000	1,064
TOOLS	2013-05-30	425	295	200DB	7.0000	37
OFFICE FURNITURE	2013-12-31	2,201	1,527	200DB	7.0000	192
CARPETING	2013-11-03	2,959	2,249	200DB	5.0000	284
PATIO	2013-05-14	1,459	836	150DB	15.0000	62
FLOORING	2013-10-23	4,166	156	S/L	39.0000	107
BUILDING IMPROVEMENTS	2013-07-03	9,271	406	S/L	39.0000	238
DRIVEWAY IMPROVEMENTS	2013-04-20	1,330	761	150DB	15.0000	57
ELECTRICAL IMPROVEMENTS	2013-12-31	8,367	277	S/L	39.0000	215
PHONE SYSTEM WIRING	2013-11-18	646	23	S/L	39.0000	16
IMPROVEMENTS	2013-11-12	3,987	141	S/L	39.0000	102
HEATER	2014-07-31	1,937	35	S/L	39.0000	50
BUILDING IMPROVEMENTS	2014-09-30	11,166	155	S/L	39.0000	286
CALL SYSTEM	2015-04-02	18,275		200DB	7.0000	10,443
BED	2015-09-23	1,200		200DB	7.0000	686
WATER HEATER	2016-03-12	5,600		S/L	39.0000	6
ROOF	2015-12-23	15,000		S/L	39.0000	112
BUILDING IMPROVEMENTS	2016-01-15	2,500		S/L	39.0000	13

- TIN:

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TY 2015 GainLossSaleOtherAssetsSch

Name:

GAFNEY HOME

EIN:

02-0222132

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
150 SH EXXON MOBIL CORP	2009-12	PURCHASE	2015-04	13,158	14,159	-1,001
500 SH FASTENAL CO	2009-12	PURCHASE	2015-04	21,523	12,238	9,285
103SH WASHINGTON PROPERTY GROUP	2009-09	PURCHASE	2015-04	1,562		1,562
250 SH ISHARES S&P GLOBAL TELECOM	2009-12	PURCHASE	2015-06	15,927	14,232	1,695
400 SH ENTERPRISE PRODUCT PARTNERS	2009-12	PURCHASE	2015-08	10,597	2,189	8,408
200 SH PEPSICO INC	2009-12	PURCHASE	2015-08	18,118	13,820	4,298
100 SH TEVA PHARMECEUTICALS INDS LTD	2009-12	PURCHASE	2015-08	6,388	4,679	1,709
650 SH TEVA PHARMECEUTICALS INDS LTD	2009-12	PURCHASE	2015-10	37,547	30,414	7,133
50 SH FEDERAL HOME LOAN BANK	2009-12	PURCHASE	2015-12	50,000	52,860	-2,860
189.898 SH TEMPLETON INCOME TR	2014-07	PURCHASE	2015-06	2,338	2,295	43
2209.1 SH TEMPLETON INCOME TR	2009-12	PURCHASE	2015-06	27,194	26,699	495
27.231 SH HENNESSY FUNDS	2014-07	PURCHASE	2015-06	793	819	-26
510.204 SH HENNESSY FUNDS	2014-05	PURCHASE	2015-06	14,852	15,000	-148

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCKS	344,692	507,824

- TIN:

TY 2015 InvestmentsOtherSchedule2

Name:

GAFNEY HOME

EIN:

02-0222132

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
EQUITY FUNDS
US GOVERNMENT BONDS	AT COST	25,770	29,560
BOND FUNDS

- TIN:

TY 2015 LandEtcSchedule2

Name:

GAFNEY HOME

EIN:

02-0222132

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
IMPROVEMENTS	560,073	381,440	178,633
FURNITURE & FUXTURES	156,752		156,752
VEHICLES	7,800		7,800

- TIN:

TY 2015 OtherAssetsSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PREPAID FUNERAL EXPENSES	5,555	5,555
EMPLOYEE ADVANCES		95

- TIN:

TY 2015 OtherExpensesSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
APARTMENT
REPAIRS - APARTMENT	1,524
EXPENSES
ADVERTISING	14,883	14,883
AUTO EXPENSES	3,124	3,124
B&G INSURANCE	25,528	25,528
BANK SERVICE CHARGES	311	311
BOOKKEEPING	21,325	21,325
COMPUTER NETWORKING	845	845
DUES & SUBSCRIPTIONS	300	300
EMPLOYEE EDUCATION	640	640
ENTERTAINMENT	2,840	2,840
EQUIPMENT LEASE	4,454	4,454
FLOWERS & DECORATIONS	566	566
FOOD	47,179	47,179
GIFTS	300	300
HEAT	13,698	13,698
HOUSEHOLD SUPPLIES	4,622	4,622
HOUSEHOLD SUPPLIES	4,981	4,981
IMMUNIZATIONS - ADMIN	1,045	1,045
INSURANCE - W/C	45,688	45,688
LANSCAPING	3,214	3,214
LICENSES	410	410
LICENSES & FEES	2,699	2,699
LUNCHES & DINNERS	246	246
MEDICAL SUPPLIES	2,105	2,105
MEDICATIONS	1,166	1,166
MILEAGE REIMBURSEMENT	89	89
OFFICE SUPPLIES	2,460	2,460
PAINTING & WALLPAPERING	171	171
PAYROL SERVICE FEES	2,765	2,765
POSTAGE & FREIGHT	449	449
RECORDS	50	50
REPAIRS & MAINTENANCE	12,010	12,010
RUBBISH REMOVAL	1,683	1,683
SHREDDING	475	475
SNOW REMOVAL	7,000	7,000
SPECIAL EVENTS	513	513
TELEPHONE	9,791	9,791
UNIFORMS	980	980
UTILITIES	12,047	12,047
WATER & SEWER	9,713	9,713
MEDICAL SERVICES	1,295	1,295
SECURITY MONITORING	456	456
MEMBERSHIPS	160	160
SUPPLIES - ADMINSTRATIVE	115	115

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

GAFNEY HOME

EIN:

02-0222132

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
RESPITE CARE	12,773
ADMISSION FEES	20,000
RESIDENT FEES	815,508

- TIN:

TY 2015 OtherLiabilitiesSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Description	Beginning of Year - Book Value	End of Year - Book Value
EMP PARTY LIABILITY
PEOPLES CREDIT CARD	651
HOLY ROSARY CU CC		892
LINE OF CREDIT	18,886	17,089
PREPAID RESIDENT FEES	45,037	28,385
RESIDENT ACCOUNT LIABILITY		5,039
SECURITY DEPOSIT	43,005	39,105
NORTH STAR LEASE		11,293

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ARCHITECT	3,773			3,773

- TIN:

TY 2015 TaxesSchedule

Name:

GAFNEY HOME

EIN:

02-0222132

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990 T TAX	2,216	2,216
990-PF TAX	340	340