2022-11-11T13:11:46-06:00 2021-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2021-01-01 263411635 SILVER LAKE CENTER INC SILV 2153466454 TWO BALA CYNWYD PLAZA 300 BALA CYNWYD PA 19004 HOWARD JAFFE PRESIDENT 5618017600 2022-11-11 1 HOWARD JAFFE 999009999 HARRY E HARP CPA P00176471 4077405400 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z HOWARD JAFFE TWO BALA CYNWYD PLAZA 300 BALA CYNWYD PA 19004 2937953 0 X N/A X 2008 PA OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY. X 5 3 148 3 0 0 1102638 308423 14971264 2627598 10709 -3552475 0 0 16084611 -616454 0 0 0 0 7607401 1500057 0 0 0 10431658 2310798 18039059 3810855 -1954448 -4427309 6177801 125204 3476830 1851542 2700971 -1726338 SILVER LAKE CENTER, INC.'S MISSION INCLUDES OPERATION OF ONE OR MORE NURSING HOMES, PROVISION OF HOUSING FOR THE ELDERLY, DEVELOPMENT OF MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY AND EDUCATION OF HEALTHCARE PERSONNEL IN PROPER CARE OF THE ELDERLY. 0 0 3046172 2627598 THE ORGANIZATION OPERATES A SKILLED NURSING FACILITY, WITH A CAPACITY OF 174 BEDS, DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 8,175 RESIDENT DAYS. 3046172 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 26 0 1 148 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KANE FINANCIAL SERVICES CO SUSAN SHAIN 5612234161 1665 PALM BEACH LAKES BLVD SUITE WEST PALM BEACH FL 33401 HOWARD JAFFE CHAIRMAN 2.00 X X 1982 0 0 SANDY OLIVER DIRECTOR 2.00 X 2000 0 0 BRUCE HALL DIRECTOR 2.00 X 0 0 0 ADRIENNE SCHMOLLINGER DIRECTOR 2.00 X 0 0 0 JOHN SEAL DIRECTOR 2.00 X 0 0 0 3982 0 0 0 0 0 0 SELECT REHABILITATION INC 2600 COMPASS ROAD GLENVIEW IL 60026 THERAPY SERVICES 197256 1 308423 308423 NET RESIDENT SERVICE REVENUE 623000 2627216 2627216 OTHER RESIDENT REVENUE 623000 382 382 2627598 1932 1932 3554407 -3554407 -3554407 -3554407 -616454 2627598 0 -3552475 4518 4518 982959 890679 92280 400437 385315 15122 112143 106321 5822 51086 51086 77420 77420 47500 47500 321285 284502 36783 2174 2174 38082 280 37802 13711 13711 1048480 1026758 21722 24529 24529 24 24 57738 51964 5774 342948 3089 339859 STATE ASSESSMENT FEE 186162 186162 MEDICAL SUPPLIES 63724 63724 SUPPLIES & EQUIPMENT 33874 20764 13110 FOOD 1221 1221 840 840 3810855 3046172 764683 0 254279 889882 1232545 125204 490481 0 1692089 1460192 158333 0 6177801 125204 1591466 516214 1294360 1262660 591004 72668 3476830 1851542 X 2700971 -1726338 2700971 -1726338 6177801 125204 -4427309 0 X 0 0 0 X 90743 100000 1102638 308423 1601804 16369841 17373716 16393658 14971264 2627598 67736077 16460584 17373716 16493658 16073902 2936021 69337881 0 0 0 69337881 7189 3830 6196 10709 1932 29856 7189 3830 6196 10709 1932 29856 5741 5322 2954 14017 16473514 17382868 16502808 16084611 2937953 69381754 0.99940 0.99880 0.00040 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 203261 203261 0 0 0 ESTIMATED THIRD-PARTY PAYOR SETTLEMENTS 53058 DUE TO/FROM OTHERS 19610 72668 PART IV, LINE 1B: THE ORGANIZATION OFFERED CASH MANAGEMENT SERVICES TO ITS RESIDENTS. THESE FUNDS REMAINED THE SOLE PROPERTY OF THE RESIDENTS AND WERE FULLY DISBURSED AS OF DECEMBER 31, 2021. THE ORGANIZATION NO LONGER HAS A FIDUCIARY DUTY OF ACCOUNTABILITY FOR THESE FUNDS AND ACTED ONLY AS A CUSTODIAN. AT DECEMBER 31, 2021 AND 2020, THE FUND BALANCE WAS APPROXIMATELY $0 AND $203,000 RESPECTIVELY. X X X 0 0 0 0 0 0 0 0 0 DISPOSAL OF ASSETS RELATED TO CLOSING OF FACILITY 2021-03-01 3554407 APPRAISAL TOWER LEASING CO LLC DBA SILVER LAKE HEALTHCARE CENTER 905 TOWER RD BRISTOL PA 19007 LIMITED LIABILITY COMPANY 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE FILING ORGANIZATION HAS DELEGATED MANAGEMENT DUTIES OVER ITS FINANCIAL OPERATIONS TO KANE FINANCIAL SERVICES, LLC PURSUANT TO A BOARD-APPROVED AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT AND THE CONSULTING COMPANY. THE RETURN IS MADE AVAILABLE TO ALL VOTING BOARD MEMBERS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS CONTAINED IN THE EMPLOYEE HANDBOOK. THE POLICY EXTENDS TO THE ORGANIZATION'S OFFICERS AND DIRECTORS. THE ORGANIZATION'S BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH ITS ANNUAL DISCLOSURE PROCESS. THE BOARD REVIEWS ACTUAL CONFLICTS THAT ARE IDENTIFIED AND PROHIBITS OFFICERS AND DIRECTORS FROM VOTING ON MATTERS WHERE ACTUAL CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS THE AUTHORITY TO FIX THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES. THE COMPENSATION LEVELS ARE SET BASED ON CONSULTATION WITH THE CONSULTING COMPANY. ALL PARTIES ARE INDEPENDENT WITH RESPECT TO THE COMPENSATION DECISIONS. COMPENSATION LEVELS ARE SET BASED ON CURRENT MARKET CONDITIONS, THE ECONOMY AND FUNDING SOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.