2023-10-31T10:00:33-05:00 2022-12-31 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-01-01 135562312 MIRIAM OSBORN MEMORIAL HOME ASSOCIATION % ROBERT S DAVIS MIRI 9149258278 101 THEALL ROAD RYE NY 10580 ROBERT S DAVIS CFO AND TREASURER 9149258278 2023-11-15 true Robert Davis 999009999 Aaron Shapiro P01333816 2128674000 2023-11-15 3 2022 2023-04-26 12:10:37Z THE OSBORN ROBERT S DAVIS 101 THEALL ROAD RYE NY 10580 75488969 false X WWW.THEOSBORN.ORG X 1892 NY TO ENRICH THE LIVES OF THOSE WE SERVE IN AN INSPIRING, CARING COMMUNITY WHILE SUSTAINING OUR COMMITMENT TO EXCELLENCE. 16 16 502 50 0 926920 1011844 40409292 43013349 6106320 683947 574737 637630 48017269 45346770 0 0 0 0 27856654 27210981 0 0 0 24528445 27448523 52385099 54659504 -4367830 -9312734 170730049 149517516 224797434 225680247 -54067385 -76162731 X MIRIAM OSBORN MEMORIAL HOME ASSOCIATION OPERATES TO ENRICH THE LIVES OF THOSE WE SERVE IN AN INSPIRING, CARING COMMUNITY WHILE SUSTAINING OUR COMMITMENT TO EXCELLENCE. false false 45275203 40997927 THE OSBORN OPERATES A RETIREMENT COMMUNITY OFFERING A CONTINUUM OF CARE WHICH INCLUDES INDEPENDENT LIVING RESIDENCES AND SERVICES, ASSISTED LIVING RESIDENCES AND SERVICES, THE H.O.P.E. CENTER FOR MEMORY CARE, AND A SKILLED NURSING FACILITY SERVING OVER 800 SENIOR CITIZENS, THE PAVILION. MEDICAL AND NURSING STAFF ARE SPECIALISTS IN LONG TERM CHRONIC CARE INCLUDING CARE FOR THOSE AFFECTED WITH ALZHEIMER'S DISEASE AND RELATED DEMENTIA, AND SUB-ACUTE CARE INCLUDING SHORT-TERM PHYSICAL REHABILITATION, SUB-ACUTE MEDICAL CARE, HOSPICE CARE, AND RESPITE CARE. CHARITY CARE NOT BILLED OR COLLECTED AT MARKET RATES WAS $2,024,911 IN 2022. THE ESTIMATED COST OF PROVIDING CHARITY CARE WAS $2,557,095 IN 2022. 2015422 MIRIAM OSBORN MEMORIAL HOME ASSOCIATON PERFORMS ADMINISTRATIVE SERVICES FOR STERLING HOME CARE AND THE OSBORN FOUNDATION AND RECEIVES MANAGEMENT FEES FOR THESE SERVICES. 45275203 true true false true false false false true true false true true false false true false true true false false true false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 114 0 502 true false false false false false false false false false false false false X 16 16 false false false false true true true true true false false true true true true true true true true false NY X ROBERT S DAVIS 9149258278 101 THEALL ROAD RYE NY 10580 MATTHEW ANDERSON PRESIDENT/CEO 25.34 12.16 X 400132 192085 64001 ROBERT S DAVIS CFO AND TREASURER 25.34 12.16 X 279373 134114 67477 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 37.5 0.0 X 392623 0 51896 ELIZABETH ROSSI VP HUMAN RESOURCES 37.5 0.0 X 219325 0 60623 STEPHANIE LARSEN VP AND GENERAL COUNSEL 37.5 0.0 X 226039 0 49569 CHRISTA PICCIANO-DANIELLO VP SALES 37.5 0.0 X 195021 0 58200 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 25.34 12.16 X 141750 68048 26785 RICHARD LIPARI EXECUTIVE CHEF 37.5 0.0 X 171594 0 56502 MICHAEL D FREDDINO CONTROLLER 37.5 0.0 X 182872 0 43517 GOPAL PATEL DIR. OF FINANCIAL REPORTING 37.5 0.0 X 155965 0 67849 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 37.5 0.0 X 187231 0 29474 ANDREW HORN DIRECTOR OF DINING 37.5 0.0 X 169037 0 42864 THERESA PADDYFOTE RN SUPERVISOR 37.5 0.0 X 154932 0 44264 RODERIC L ROLETT CHAIR 2.0 2.0 X X 0 0 0 LINDA MILLER ASSISTANT SECRETARY 2.0 0.0 X X 0 0 0 NATHAN W PEARSON TRUSTEE 2.0 2.0 X 0 0 0 LUCIEN D BURNETT III TRUSTEE 2.0 2.0 X 0 0 0 C RONALD MACKENZIE MD TRUSTEE 2.0 2.0 X 0 0 0 THOMAS M SAUNDERS TRUSTEE 2.0 2.0 X 0 0 0 BRADLEY G RAZOOK TRUSTEE 2.0 0.0 X 0 0 0 DR ROMELLE MALONEY TRUSTEE 2.0 2.0 X 0 0 0 BROOKS G WRIGHT TRUSTEE 2.0 4.0 X 0 0 0 ALBERT BRUNNER TRUSTEE 2.0 0.0 X 0 0 0 SUSAN MILLER TRUSTEE 2.0 4.0 X 0 0 0 WILLIAM D HOLDEN TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK G SYKES TRUSTEE 2.0 2.0 X 0 0 0 LINDA RAPPAPORT TRUSTEE 2.0 0.0 X 0 0 0 JEFFREY SHERMAN TRUSTEE 2.0 0.0 X 0 0 0 MARC KOSAK TRUSTEE 2.0 2.0 X 0 0 0 2875894 394247 663021 38 false true false US FOODSERVICE INC PO BOX 641871 PITTSBURGH PA 15264 FOOD SERVICE 1031217 L AND M COMPANY OF NIETO CONTRACTOR 140 HIGHLAND STREET PORT CHESTER NY 10573 CONSTRUCTION 853252 SOUND COMMUNICATIONS INC 149 W 36TH ST 11TH FL NEW YORK NY 10018 ADVERTISING 619387 CURTIS SPACAVENTO PO BOX 707 ARMONK NY 10504 LANDSCAPING 642998 GILIBERTO SONS LLC 80 AIRPORT ROAD HARTFORD CT 06114 CONSTRUCTION 620940 37 200000 800347 11497 1011844 RESIDENT FEES 623000 40997927 40997927 MANAGEMENT FEE 561000 2015422 2015422 43013349 418454 418454 0 0 73219 7166 66053 0 66053 66053 30400526 30135033 265493 265493 265493 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 900099 571577 571577 571577 45346770 43013349 1321577 0 0 0 0 2398187 1949748 448439 0 18216140 14792412 3423728 309477 253307 56170 4772183 3906032 866151 1514994 1240022 274972 0 91323 91323 114920 114920 3251 3251 0 336636 336636 448981 448981 534786 534786 1374249 816428 557821 680904 680904 0 5664710 5630636 34074 0 0 0 880144 880144 0 8830282 8761408 68874 840472 840472 FOOD 1626911 1626911 CASH RECEIPTS ASSESSMENT 544205 544205 HOUSEKEEPING/KITCHEN SUPPLY 441703 441703 MEDICAL FEES AND SUPPLIES 5035046 4976452 58594 54659504 45275203 9384301 0 3186444 2782838 698586 489913 0 0 1875738 2182625 0 0 0 0 0 0 0 0 1127188 997170 247093009 161711369 87176518 85381640 52490721 35579796 21461198 19988739 0 0 0 0 2713656 2114795 170730049 149517516 13671259 9783396 0 0 0 0 23664189 21933701 1149481 1341838 0 0 0 0 0 0 186312505 192621312 224797434 225680247 X -54067385 -76162731 0 0 -54067385 -76162731 170730049 149517516 X -9312734 -14806179 2023567 X false true X true false X 128000 335668 190000 926920 1011844 2592432 41552173 44772142 40278810 40409292 43013349 210025766 0 0 0 41680173 45107810 40468810 41336212 44025193 212618198 0 0 0 212618198 748836 915937 341146 359334 491673 2856926 0 748836 915937 341146 359334 491673 2856926 0 2199694 452773 1753290 507935 571577 5485269 44628703 46476520 42563246 42203481 45088443 220960393 0.96225 0.95401 0.01293 0.01371 X PART III, SECTION B, LINE 12 CONSISTS OF OTHER MISCELLANEOUS FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 3251 false false 3251 false PART II-B, LINE 1, LOBBYING ACTIVITIES portion of membership dues associated with lobbying activities 102600 X false false true X 1 1 199537329 120711925 78825404 18428934 14891076 3537858 29126745 26108368 3018377 85381640 0 0 REFUNDABLE ENTRANCE FEE 190018232 PREMIUM ON BOND PAYABLE 2298511 SECURITY DEPOSITS 19800 DUE TO STERLING HOME CARE, INC. 284769 192621312 X 30673989 -14806179 470034 -14336145 45010134 336636 336636 45346770 54330034 7166 7166 54322868 336636 336636 54659504 SCHEDULE D, PART III, LINE 4 THE ART COLLECTION PROVIDES EMOTIONAL AND PSYCHOSOCIAL SUPPORT TO THE OSBORN'S RESIDENTS AND THEIR LOVED ONES. THE BREADTH OF THE COLLECTION APPEALS TO A DIVERSE GROUP OF RESIDENTS, AND IS EASILY ACCESSIBLE TO OLDER ADULTS AND PERSONS OF ALL ABILITIES. SCHEDULE D, PART IV, LINE 2B WAITING LIST DEPOSITS HELD IN CASH ESCROW ACCOUNTS ARE HELD ON BEHALF OF FUTURE RESIDENTS. ADDITIONALLY, RESIDENT FUNDS DEPOSITS ARE HELD IN CASH ACCOUNTS SEPARATE FROM REGULAR CASH OF THE ORGANIZATION. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D CHANGE IN LIFE INSURANCE: ($59,115) NET PERIODIC BENEFIT COST: $521,983 Rental Expense: $7,166 TOTAL: $470,034 SCHEDULE D, PART XII, LINE 2D Rental Expense: $7,166 Europe (Including Iceland and Greenland) 0 0 Investments 1270510 South Asia 0 0 Investments 4455318 East Asia and the Pacific 0 0 Investments 5643332 0 0 0 0 11369160 11369160 false false false false false false X true true X X X X X X false true false false false false false true false MATTHEW ANDERSON PRESIDENT/CEO 303358 145628 82923 39808 13851 6649 9273 4452 33969 16307 443374 212844 ROBERT S DAVIS CFO AND TREASURER 228510 109697 37012 17768 13851 6649 9273 4452 36318 17434 324964 156000 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 323052 0 49071 0 20500 0 0 0 51896 0 444519 0 MICHAEL D FREDDINO CONTROLLER 175356 7000 516 8544 34973 226389 THERESA PADDYFOTE RN SUPERVISOR 145238 9586 108 7212 37052 199196 RICHARD LIPARI EXECUTIVE CHEF 167870 3000 724 8031 48471 228096 ANDREW HORN DIRECTOR OF DINING 165521 3000 516 7920 34944 211901 GOPAL PATEL DIR. OF FINANCIAL REPORTING 155173 0 792 28160 39689 223814 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 133136 63912 6579 3159 2035 977 6392 3068 11706 5619 159848 76735 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 178049 8906 276 8652 20822 216705 ELIZABETH ROSSI VP HUMAN RESOURCES 206686 10503 2136 10203 50420 279948 STEPHANIE LARSEN VP AND GENERAL COUNSEL 213810 0 11023 0 1206 0 10709 0 38860 0 275608 0 CHRISTA PICCIANO-DANIELLO VP SALES 184895 9379 747 9112 49088 253221 SCHEDULE J, PART I, LINE 1A THE CEO AND DIRECTOR OF FACILITIES AND PROPERTY RESIDE ON CAMPUS AS REQUIRED BY THE OSBORN AS A CONDITION OF EMPLOYMENT. THIS BENEFIT QUALIFIES UNDER SECTION 119 OF THE IRS CODE AND IS NON-TAXABLE. SCHEDULE J, PART I, LINE 4B IN 2022, THE FOLLOWING INDIVIDUALS PARTICIPATED a IN 457(B) plan: MATTHEW ANDERSON: $13,851 ROBERT S. DAVIS: $13,851 CHRISTOPHER FERRERI: $20,500 SCHEDULE J, PART I, LINE 7 THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES ALL BONUSES FOR THE OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. WHEN CALCULATING THE BONUSES, THEY BASE IT ON INDIVIDUAL PERFORMANCE. A WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION 455135576 95737TEG1 2019-04-25 31053262 TO REFUND 2012 BONDS false false false A 0 0 31053317 0 0 0 539410 0 0 0 31053317 6783 true false false true A false true false false 0.00160 0.00020 0.00180 false false false true A false true false false 0 0 false true A true PART I, BOND ISSUES ESCROW EARNINGS AS OF 12/31/2021: $55.30 DESCRIPTION OF PURPOSE; TO REFUND THE 2012 BOND PART II LINE 3 TOTAL PROCEEDS OF ISSUE CONSISTS OF THE FOLLOWING ISSUE PROCEEDS 4/25/2019: $31,053,261.50 Escrow Earnings as of 12/31/2022: $114.73 TOTAL PROCEEDS OF ISSUE: $31,053,376.23 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE OSBORN NETWORK, A NEW YORK NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE OSBORN NETWORK, INCORPORATED MAY ELECT ONE OR MORE TRUSTEES OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER MUST APPROVE ANY CHANGES TO THE BY-LAWS AND APPOINTS TRUSTEES TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE CFO, THE CONTROLLER, THE DIRECTOR OF FINANCIAL REPORTING AND INTERNAL AUDIT, AND THE BOARD OF TRUSTEES PRIOR TO BEING SUBMITTED TO THE IRS. ANY ISSUES WITH THE 990 ARE PRESENTED TO THE CFO. THE AUDIT COMMITTEE MUST APPROVE ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES FOLLOW THE CONFLICT OF INTEREST POLICY SET FORTH BY MIRIAM OSBORN MEMORIAL HOME ASSOCIATION. IF ANY CONFLICT OF INTEREST EXISTS, IT MUST BE DISCLOSED TO THE BOARD PRIOR TO IMPORTANT DECISION VOTES TAKEN. IF THE AUDIT COMMITTEE DETERMINES THAT A CONFLICT OF INTEREST DOES EXIST, THE INDIVIDUAL ASSOCIATED WITH THE CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS RELATING TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE OSBORN CONTRACTED WITH SULLIVANCOTTER TO CONDUCT AN EXECUTIVE COMPENSATION STUDY AT YEAR END IN 2022. THE STUDY WAS COMPLETED IN EARLY 2023 AND WAS USED TO ASSESS EXECUTIVE COMPENSATION FOR THE NINE SENIOR MANAGERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15B THE OSBORN'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ESTABLISHES COMPENSATION, WHICH IS THEN SUBMITTED FOR REVIEW AND APPROVAL THE BOARD. TO DETERMINE COMPENSATION, THE COMPENSATION COMMITTEE UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, 990 OF OTHER ORGANIZATIONS, AND WRITTEN EMPLOYMENT CONTRACT. SALARIES WERE LAST REVIEWED IN 2022 AND PERFORMANCE EVALUATIONS ARE REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGE IN NET ASSETS ADJUSTMENT TO MINIMUM PENSION LIABILITY $1,560,699 INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE ($59,115) NET PERIODIC BENEFIT COST AND POSTRETIREMENT BENEFIT $521,983 TOTAL TO FORM 990, PART XI, LINE 9 $2,023,567 STERLING HOME CARE INC 101 THEALL ROAD RYE NY 10580 133890611 HOME CARE NY 501(C)(3) LINE 10 OSBORN NTWRK false THE OSBORN NETWORK INCORPORATED 101 THEALL ROAD RYE NY 10580 463093940 SOLE MEMBER NY 501(C)(3) LINE 12B NA false THE OSBORN FOUNDATION 101 THEALL ROAD RYE NY 10580 474600665 RAISE FUNDS NY 501(C)(3) LINE 12B OSBORN NTWRK false false false true false false false false false false true false false true true true false true false false