2022-01-27T10:08:41-06:00 2021-09-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-10-01 131782482 PHYSICIANS HOME INC PHYS 6469082637 515 MADISON AVE FL 8 NEW YORK NY 100228606 JOSEPH B CLEARY MD PRESIDENT 6469082637 2022-01-26 1 JOSEPH CLEARY MD 999009999 GARRETT M HIGGINS P00543209 9143818900 2022-01-26 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X JOSEPH B CLEARY MD 515 MADISON AVE FL 8 NEW YORK NY 100228606 3660143 0 X WWW.PHYSICIANSHOME.ORG X 1919 NY TO ASSIST PHYSICIANS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 15 14 3 18 0 0 123925 42854 0 0 662655 1400035 -4263 0 782317 1442889 416200 352706 0 0 110988 110327 0 0 43497 206515 208702 733703 671735 48614 771154 12658107 15146613 22599 24200 12635508 15122413 PHYSICIANS' HOME ASSISTS PHYSICIANS AND THEIR FAMILY MEMBERS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 0 0 444434 352706 PHYSICIANS' HOME PROVIDES HELP TO PHYSICIANS WHO FALL ON HARD FINANCIAL TIMES AND/OR THEIR IMMEDIATE FAMILY MEMBERS WHO BECOME DEPENDENT. DURING THE YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS EVALUATED THE NEEDS OF NEW BENEFICIARIES AS WELL AS THOSE OF EXISTING BENEFICIARIES FOR CONTINUED ASSISTANCE. THE ORGANIZATION PROVIDED $352,456 IN DIRECT ASSISTANCE TO 26 PHYSICIANS AND 8 FAMILY MEMBERS DURING THE YEAR. 444434 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X JOSEPH B CLEARY MD 6469082637 515 MADISON AVE FL 8 NEW YORK NY 100228606 X JOSEPH B CLEARY MD DIRECTOR/PRESIDENT/CEO 15.00 X X 51923 0 0 ANDREW E SAMA MD DIR/CHAIRMAN/1ST VICE-PRES 1.50 X X 0 0 0 MARTHA REDO ESQ DIRECTOR / 2ND VICE-PRESID 1.00 X X 0 0 0 PETER VOGES MD DIRECTOR / TREASURER 1.00 X X 0 0 0 JACQUELINE SALZER MD DIRECTOR / ASST. TREASURER 1.25 X X 0 0 0 DONALD D FAGER ESQ DIRECTOR / SECRETARY 0.75 X X 0 0 0 SYDNEY D BOGART MD DIRECTOR 0.20 X 0 0 0 GEORGE DERMKSIAN MD DIRECTOR THRU JAN 2021 0.75 X 0 0 0 MARY DODD LMSW DIRECTOR THRU JAN 2021 (SEE SCH. O) 0.00 X 0 0 0 BRUCE C HORTEN MD DIRECTOR 1.50 X 0 0 0 FRANCIS IACOBELLIS MD DIRECTOR THRU MAR 2021 0.10 X 0 0 0 FRANK IAQUINTA MD DIRECTOR 0.50 X 0 0 0 DAVID S KARAN MD DIRECTOR 0.20 X 0 0 0 JOHN W LOMBARDO MD DIRECTOR 0.50 X 0 0 0 JOHN A MCCLUNG MD DIRECTOR 0.25 X 0 0 0 JOHN MOORE MD DIRECTOR THRU DEC 2020 (SEE SCH. O) 0.00 X 0 0 0 FAZLOLLAH MOQTADERI MD DIRECTOR 1.50 X 0 0 0 MARY O'DOWD DIRECTOR 0.25 X 0 0 0 SHARON-MARIE ROONEY MD DIRECTOR 0.75 X 0 0 0 51923 0 0 0 0 0 0 0 42854 42854 206740 206740 3410549 2217254 1193295 1193295 1193295 1442889 0 0 1400035 250 250 352456 352456 50000 25000 12500 12500 52487 26243 13122 13122 7840 3920 1960 1960 32260 32260 91372 91372 15107 5214 9653 240 62701 31351 15675 15675 71 71 523 523 5339 5339 FILING FEE 775 775 FOREIGN TAXES 554 554 671735 444434 183804 43497 55227 132138 1120926 1331749 2000 0 1367 1189 8783 7251 1579 1532 11453388 13666340 23620 13665 12658107 15146613 22599 24200 22599 24200 X 11805719 14134512 829789 987901 12635508 15122413 12658107 15146613 771154 1715751 0 X X 0 1 X 1 0 X 150912 47102 44790 123925 42854 409583 150912 47102 44790 123925 42854 409583 120621 288962 195673 195119 225306 194200 206740 1017038 1426621 0.20250 0.27180 X THE YEAR 2019 MARKED THE CENTENNIAL YEAR FOR PHYSICIANS' HOME, AND WE NOW CONTINUE INTO OUR SECOND CENTURY OF CHARITABLE WORK. PHYSICIANS' HOME HAS DEPENDED ON PUBLIC SUPPORT FROM BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITY THROUGHOUT ITS LONG HISTORY. THE ORGANIZATION MAINTAINS AN ONGOING PROGRAM TO OBTAIN PUBLIC SUPPORT WHICH CENTERS ON AN ANNUAL FUNDRAISING APPEAL TO PREVIOUS DONORS. AT INTERVALS AN APPEAL IS SENT TO ALL NEW YORK STATE PHYSICIANS, NUMBERING OVER 70,000. ALSO MANY OF THE NEW YORK COUNTY MEDICAL SOCIETIES, WHEN SOLICITING THEIR ANNUAL DUES PAYMENT FROM MEMBER PHYSICIANS, ENCOURAGE THE DOCTORS TO ADD AN ADDITIONAL AMOUNT FOR PHYSICIANS' HOME - WHICH THE MEDICAL SOCIETY THEN FORWARDS TO US. DURING THE YEAR ENDED SEPTEMBER 30, 2021, PHYSICIANS' HOME RECEIVED OVER 360 DONATIONS, LARGE AND SMALL IN AMOUNT, MOSTLY FROM INDIVIDUAL CONTRIBUTORS.THE COVID SITUATION HAS BEEN A CHALLENGE FOR ALL, AND OUR ORGANIZATION CONTINUED TO MAINTAIN THE ADMINISTRATION OFFICE IN NEW YORK CITY WITH THE HELP OF OUR OFFICE STAFF WORKING ON STAGGERED SCHEDULES. WE HAVE CONTINUED BY VIRTUAL MODE OUR REGULAR INTERVAL EXECUTIVE COMMITTEE MEETINGS TO REVIEW BENEFICIARY CIRCUMSTANCES; WE HAVE ALSO BEEN ABLE TO SEND OUT OUR ANNUAL APPEAL LETTER.WE HAVE RECENTLY MADE A SUBSTANTIAL EFFORT TO UPDATE THE TRANSACTION PAGES ON OUR WEBSITE DONOR PAGE, MAKING ONLINE DONATION INFORMATION APPROPRIATE FOR A CHARITABLE, NON-PROFIT, ORGANIZATION. WE ALSO CONTINUE TO COLLECT CONTRIBUTOR EMAIL ADDRESSES FOR A DATABASE, SO THAT, IF NEEDED, WE COULD INTERACT WITH MOST CONTRIBUTORS BY EMAIL.THE ORGANIZATION'S INVESTMENT PORTFOLIO HAS BEEN BUILT UP OVER THE YEARS AS A RESULT OF THE ONGOING GENEROSITY OF BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITIES. DONATIONS HAVE INCLUDED OVER ONE HUNDRED ESTATE BEQUESTS SINCE THE ORGANIZATION'S FOUNDING IN 1919.THE ADMINISTRATIVE OFFICE IS STAFFED DAILY, RESPONDING TO INQUIRIES FROM INDIVIDUALS SEEKING HELP, AS WELL AS GIVING CLOSE ATTENTION TO THE DETAILS REQUIRED TO PROCESS DONATIONS. CHECKS ARE MAILED FROM THE OFFICE TO BENEFICIARIES ON A MONTHLY BASIS; ON OCCASION, ADDITIONAL ASSISTANCE MAY BE PROVIDED SHOULD AN URGENT BENEFICIARY SITUATION ARISE.OUR GOVERNING BODY CONSISTS OF PRACTICING AND RETIRED PHYSICIANS, AS WELL AS LAYPERSONS DEDICATED TO THE MISSION OF PHYSICIANS' HOME. THEY PROVIDE DIVERSE POINTS OF VIEW REGARDING MATTERS BEFORE THE ORGANIZATION, AND ALL LOOK WITH ENTHUSIASM AS WE ENTER OUR SECOND CENTURY OF CHARITABLE WORK. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 829789 179577 21465 987901 810202 39716 20129 829789 799843 32840 22481 810202 761105 59850 21112 799843 0.19893 0.80107 0 0 3818 2286 1532 4965 4965 0 1532 X 3066714 1715751 1715751 1350963 91372 554 91926 1442889 579809 0 579809 91372 554 91926 671735 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION'S RETURNS FOR ALL YEARS SINCE FISCAL 2018 REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES REPORTED ON PART IX 554. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES REPORTED ON PART IX 554. 1 FINANCIAL ASSISTANCE 34 352456 PART I, LINE 2: THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR MONITORING THE USE OF THE GRANT FUNDS FOR THEIR INTENDED PURPOSES. THE EXECUTIVE COMMITTEE, ALONG WITH BOARD MEMBERS ON A ROTATING BASIS, HAS THE RESPONSIBILTY OF MONITORING THE APPROPRIATE DISTRIBUTION OF FUNDS TO BENEIFICARIES. THE COMMITTEE REVIEWS BENEFICIARIES AT A MINIMUM OF ONCE PER YEAR, AND OFTEN MORE FREQUENTLY, AND THIS INCLUDES INFORMATION PROVIDED THROUGH SOCIAL SERVICE INTERVIEWS AND THIRD PARTY ORGANIZATIONS WHO MAY BE INVOLVED IN THE BENEFICIARY CIRCUMSTANCES. SOME BENEFICIARIES ARE ASKED FOR DETAILED DOCUMENTATION OF THEIR STATED EXPENSES, WHICH IS THEN COMPARED TO THE AMOUNT AWARDED. FORM 990, PART VI, SECTION A, LINE 6 PHYSICIANS' HOME HAS TWO CLASSES OF MEMBERSHIP, CONTRIBUTING MEMBERS AND ADMINISTRATIVE MEMBERS. CONTRIBUTORS OF $25 OR MORE TO THE ORGANIZATION ARE CONTRIBUTING MEMBERS FOR THAT FISCAL YEAR. DIRECTORS, TRUSTEES, AND OFFICERS ARE ADMINISTRATIVE MEMBERS. BOTH CLASSES OF MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS, WHICH ARE ELECTED ANNUALLY BY A MAJORITY VOTE OF ALL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CONTRIBUTING MEMBERS AND ADMINISTRATIVE MEMBERS ARE EACH ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, TO ELECT THE BOARD OF DIRECTORS, AND ON ANY OTHER MATTER AS DETERMINED BY THE BOARD OF DIRECTORS. MATTERS ARE DECIDED BY THE CONCURRING VOTE OF THE MAJORITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, AND THEN REVIEWED INTERNALLY BY THE ORGANIZATION'S PRESIDENT AND THE ORGANIZATION'S OUTSIDE CONSULTANT. ONCE THIS IS COMPLETE, A PAPER COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR ANY COMMENTS. ANY COMMENTS ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PHYSICIANS' HOME CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES. THESE PERSONS RECEIVE A STATEMENT OF CONFLICT OF INTEREST POLICY (WHICH ALSO COVERS CONFIDENTIALITY AND WHISTLEBLOWER ACTIVITIES). EACH PERSON SHALL ANNUALLY COMPLETE AND SIGN CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST STATEMENT REQUIRES THAT PERSONS COVERED UNDER THE STATEMENT WILL DISCLOSE TO THE EXECUTIVE COMMITTEE ANY SUCH SITUATION. IF AND WHEN A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED AND DETERMINED BY THE EXECUTIVE COMMITTEE, THE PERSON IS EXPECTED TO RECUSE HIMSELF/HERSELF FROM THE ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION FOLLOWED A PROCESS FOR DETERMINING THE PRESIDENT/CEO'S SALARY. THIS WAS CONDUCTED BY THE BOARD CHAIRMAN. AN OUTSIDE CONSULTING FIRM WAS ASKED TO PROVIDE INFORMATION ABOUT TYPICAL COMPENSATION FOR OTHER INDIVIDUALS IN A POSITION SIMILAR TO OUR PRESIDENT/CEOS. THE CHAIRMAN SHARED THE RESULTS OF THIS STUDY WITH THE BOARD MEMBERS, AND PROPOSED A SALARY INCREASE. BOARD MEMBERS APPROVED AN INCREASE IN THE COMPENSATION FOR THE POSITION FROM $30,000 TO $50,000 PER YEAR EFFECTIVE OCTOBER 1, 2018. THE BOARD HAS LEFT THE SALARY UNCHANGED SUBSEQUENT TO OCTOBER 1, 2018. BOARD MEMBERS APPROVED THE FINAL PROPOSED PRESIDENT/CEO'S SALARY IN WRITING AND THE ORGANIZATION HAS RETAINED THEIR RESPONSES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE UPON REQUEST AND POSTED ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. THE FORMS 990, ANNUAL FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST FROM THE ORGANIZATION AT 515 MADISON AVE., FL 8, NEW YORK, NY 10022-8606. FORM 990, PART VII-A, COLUMN (B) BOARD MEMBER HOURS: MEMBER HOURS PER WEEK REPORTED IN PART VII, SECTION A, REFLECT THAT CERTAIN MEMBERS OF THE GOVERNING BODY WERE UNABLE TO PARTICIPATE; THESE MEMBERS HAVE RETIRED FROM THE BOARD. CERTAIN LONG-STANDING MEMBERS WERE INVITED TO BECOME NON-VOTING DIRECTORS EMERITUS.