2022-09-20T09:20:38-05:00 2021-12-31 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2021-01-01 135562312 MIRIAM OSBORN MEMORIAL HOME ASSOCIATION % ROBERT S DAVIS MIRI 9149258278 101 THEALL ROAD RYE NY 10580 ROBERT S DAVIS CFO AND TREASURER 9149258278 2022-05-15 true Robert Davis 999009999 Aaron Shapiro P01333816 2128674000 3 2021 2022-09-23 18:48:47Z THE OSBORN ROBERT S DAVIS 101 THEALL ROAD RYE NY 10580 67121586 false X WWW.THEOSBORN.ORG X 1892 NY TO PROVIDE SUPERIOR LIVING COMMUNITIES AND HEALTH CARE SERVICES WHILE ASSURING THE OSBORN'S LONG TERM FINANCIAL SECURITY AND MAINTAINING OUR COMMITMENT TO CHARITY. 16 16 499 95 0 190000 926920 39983850 40409292 2701820 6106320 2132846 574737 45008516 48017269 0 0 0 0 26802713 27856654 0 0 0 24384745 24528445 51187458 52385099 -6178942 -4367830 165989645 170730049 224321230 224797434 -58331585 -54067385 X MIRIAM OSBORN MEMORIAL HOME ASSOCIATION OPERATES TO PROVIDE SUPERIOR LIVING COMMUNITIES AND HEALTH CARE SERVICES WHILE ASSURING THE OSBORN'S LONG TERM FINANCIAL SECURITY AND MAINTAINING OUR COMMITMENT TO CHARITY. false false 43126312 38326864 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 $2,303,852 IN 2021. THE ESTIMATED COST OF PROVIDING CHARITY CARE WAS $2,948,514 IN 2021. 2082428 MIRIAM OSBORN MEMORIAL HOME ASSOCIATON PERFORMS ADMINISTRATIVE SERVICES FOR STERLING HOME CARE AND THE OSBORN FOUNDATION AND RECEIVES MANAGEMENT FEES FOR THESE SERVICES. 43126312 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 111 0 499 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 24.37 13.13 X 657610 354264 56437 ROBERT S DAVIS CFO AND TREASURER 24.37 13.13 X 356781 192201 59724 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 37.5 0.0 X 517954 0 53502 ELIZABETH ROSSI VP HUMAN RESOURCES 37.5 0.0 X 386428 0 56248 STEPHANIE LARSEN VP AND GENERAL COUNSEL 37.5 0.0 X 227263 0 44618 CHRISTA PICCIANO-DANIELLO VP SALES 37.5 0.0 X 208814 0 51839 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 24.84 12.66 X 143569 77342 27450 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 37.5 0.0 X 199478 0 36603 RICHARD LIPARI EXECUTIVE CHEF 37.5 0.0 X 167122 0 49298 MICHAEL D FREDDINO CONTROLLER 37.5 0.0 X 172251 0 38246 YVETTE ALLEN PAVILION ADMINISTRATOR 37.5 0.0 X 175543 0 32105 ANDREW HORN DIRECTOR OF DINING 37.5 0.0 X 162974 0 37633 GOPAL PATEL DIR. OF FINANCIAL REPORTING 37.5 0.0 X 151003 0 42034 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 JAMES P STEFFENSEN 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 3526790 623807 585737 15 false true false US FOODSERVICE INC PO BOX 641871 PITTSBURGH PA 15264 FOOD SERVICE 801621 L AND M COMPANY OF NIETO CONTRACTOR 140 HIGHLAND STREET PORT CHESTER NY 10573 CONSTRUCTION 501809 SOUND COMMUNICATIONS INC 149 W 36TH ST 11TH FL NEW YORK NY 10018 ADVERTISING 547274 QUALITY RENOVATION AND DESIGN INC 11 GARDNER HOLLOW EXT SUITE 1B POUGHQUAG NY 12570 CONSTRUCTION 735876 CLEAN AIR QUALITY SERVICEs INC 161 BRADY AVENUE HAWTHORNE NY 10532 CONSTRUCTION 663087 33 161747 755173 10000 926920 RESIDENT FEES 623000 38326864 38326864 MANAGEMENT FEE 561000 2082428 2082428 40409292 285285 285285 0 0 74049 7247 66802 0 66802 66802 24918105 19097070 5821035 5821035 5821035 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 900099 507935 507935 507935 48017269 40409292 6681057 0 0 0 0 3034039 2465686 568353 0 16693820 13554526 3139294 861411 705065 156346 5788733 4738078 1050655 1478651 1210276 268375 0 134193 134193 93600 93600 6290 6290 0 392371 392371 441934 441934 473438 473438 880104 432629 447475 674469 674469 0 5389222 5359975 29247 0 0 0 946354 946354 0 9097072 9026115 70957 768922 768922 FOOD 1398402 1398402 CASH RECEIPTS ASSESSMENT 505556 505556 HOUSEKEEPING/KITCHEN SUPPLY 332791 332791 MEDICAL FEES AND SUPPLIES 2993727 2956415 37312 52385099 43126312 9258787 0 3230802 3186444 447846 698586 0 0 1194271 1875738 0 0 0 0 0 0 0 0 1032762 1127188 240057605 152881087 90924226 87176518 52271841 52490721 13592118 21461198 0 0 0 0 3295779 2713656 165989645 170730049 19659236 13671259 0 0 0 0 25305200 23664189 923347 1149481 0 0 0 0 0 0 178433447 186312505 224321230 224797434 X -58331585 -54067385 0 0 -58331585 -54067385 165989645 170730049 X -4367830 3718852 4913178 X false true X true false X 147130 128000 335668 190000 926920 1727718 41336072 41552173 44772142 40278810 40409292 208348489 0 0 0 41483202 41680173 45107810 40468810 41336212 210076207 0 0 0 210076207 654472 748836 915937 341146 359334 3019725 0 654472 748836 915937 341146 359334 3019725 0 2193213 2199694 452773 1753290 507935 7106905 44330887 44628703 46476520 42563246 42203481 220202837 0.95401 0.94643 0.01371 0.01420 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 6290 false false 6290 false PART II-B, LINE 1, LOBBYING ACTIVITIES portion of membership dues associated with lobbying activities 102600 X false false true X 1 1 194033779 114313206 79720573 17164026 14060801 3103225 28859799 24507080 4352719 87176518 0 0 REFUNDABLE ENTRANCE FEE 183662326 PREMIUM ON BOND PAYABLE 2639379 SECURITY DEPOSITS 10800 186312505 51554185 3718852 210435 3929287 47624898 392371 392371 48017269 51999975 7247 7247 51992728 392371 392371 52385099 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: $51,326 NET PERIODIC BENEFIT COST: $151,862 Rental Expense: $7,247 TOTAL: $210,435 Schedule D, Part XII, Line 2d Rental Expense: $7,247 Europe (Including Iceland and Greenland) 0 0 Investments 3067812 South Asia 0 0 Investments 8304656 East Asia and the Pacific 0 0 Investments 5885347 0 0 0 0 17257815 17257815 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 291006 156776 352675 189985 13929 7503 8481 4569 28197 15190 694288 374023 ROBERT S DAVIS CFO AND TREASURER 217823 117247 124092 66848 14866 8106 8481 4569 30333 16341 395595 213111 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 322286 174471 21197 12825 40677 571456 MICHAEL D FREDDINO CONTROLLER 168735 3000 516 8031 30215 210497 YVETTE ALLEN PAVILION ADMINISTRATOR 172267 3000 276 8066 24039 207648 RICHARD LIPARI EXECUTIVE CHEF 163065 3000 1057 7784 41514 216420 ANDREW HORN DIRECTOR OF DINING 159458 3000 516 7605 30028 200607 GOPAL PATEL DIR. OF FINANCIAL REPORTING 150211 792 7404 34630 193037 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 123444 66498 18985 10228 1140 616 6550 3528 11290 6082 161409 86952 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 178349 20853 276 9253 27350 236081 ELIZABETH ROSSI VP HUMAN RESOURCES 201069 183445 1914 12323 43925 442676 STEPHANIE LARSEN VP AND GENERAL COUNSEL 208547 17637 1079 10714 33904 271881 CHRISTA PICCIANO-DANIELLO VP SALES 180400 28138 276 9708 42131 260653 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 2021, THE FOLLOWING INDIVIDUALS PARTICIPATED a IN 457(B) plan: MATTHEW ANDERSON: $12,673 ROBERT S. DAVIS: $12,673 CHRISTOPHER FERRERI: $19,500 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 30513907 6723 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 false 0 false true A true PART I, BOND ISSUES (A) ISSUER NAME: WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATIO (F) 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 12/31/2021: $55.30 TOTAL PROCEEDS OF ISSUE: $31,053,316.80 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 15 THE OSBORN'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ESTABLISHES COMPENSATION, WHICH IS THEN SUBMITTED FOR REVIEW AND APPROVAL TO THE BOARD. TO DETERMINE COMPENSATION, THE COMPENSATION COMMITTEE UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, 990S OF OTHER ORGANIZATIONS, AND WRITTEN EMPLOYMENT CONTRACT. SALARIES WERE LAST REVIEWED IN 2020 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, CHANGES IN NET ASSETS ADJUSTMENT TO MINIMUM PENSION LIABILITY $4,709,990 INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE $51,326 NET PERIODIC BENEFIT COST AND POSTRETIREMENT BENEFIT $151,862 TOTAL TO FORM 990, PART XI, LINE 9 $4,913,178 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