2021-02-10T13:57:29-06:00 2020-09-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-10-01 131782482 PHYSICIANS HOME INC PHYS 6469082637 515 MADISON AVE 8TH FL NEW YORK NY 100228606 JOSEPH B CLEARY MD PRESIDENT 6469082637 2021-02-10 1 GARRETT M HIGGINS P00543209 2122862600 2021-02-08 2019 2022-09-23 18:48:47Z X JOSEPH B CLEARY MD 515 MADISON AVE 8TH FL NEW YORK NY 100228606 1588865 0 X WWW.PHYSICIANSHOME.ORG X 1919 NY TO ASSIST PHYSICIANS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 19 18 3 22 0 0 44790 123925 0 0 296202 662655 0 -4263 340992 782317 372839 416200 0 0 110765 110988 0 0 45029 203676 206515 687280 733703 -346288 48614 11841503 12658107 46131 22599 11795372 12635508 PHYSICIANS' HOME ASSISTS PHYSICIANS AND THEIR FAMILY MEMBERS WHO FALL ON HARD TIMES AND ARE IN NEED OF FINANCIAL HELP. 0 0 511845 416200 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 $415,900 IN DIRECT ASSISTANCE TO 27 PHYSICIANS AND 7 FAMILY MEMBERS DURING THE YEAR. 511845 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 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 8TH FL NEW YORK NY 100228606 X JOSEPH B CLEARY MD DIRECTOR/PRESIDENT/CEO 15.00 X X 50000 0 0 ANDREW E SAMA MD DIR/CHAIRMAN/1ST VICE-PRES 1.25 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 1.00 X X 0 0 0 DONALD D FAGER ESQ DIRECTOR / SECRETARY 0.10 X X 0 0 0 BRUCE C HORTEN MD DIRECTOR 1.00 X 0 0 0 DAVID S KARAN MD DIRECTOR 0.10 X 0 0 0 EDWARD MOSS MD DIRECTOR THRU DEC 2019 (SEE SCH. O) 0.00 X 0 0 0 FAZLOLLAH MOQTADERI MD DIRECTOR 1.50 X 0 0 0 FRANCIS IACOBELLIS MD DIRECTOR (SEE SCH. O) 0.00 X 0 0 0 FRANK IAQUINTA MD DIRECTOR 0.10 X 0 0 0 GEORGE DERMKSIAN MD DIRECTOR 1.50 X 0 0 0 JOEL ARCHER MD DIRECTOR THRU DEC 2019 (SEE SCH. O) 0.00 X 0 0 0 JOHN A MCCLUNG MD DIRECTOR 0.10 X 0 0 0 JOHN MOORE MD DIRECTOR (SEE SCH. O) 0.00 X 0 0 0 JOHN W LOMBARDO MD DIRECTOR 0.20 X 0 0 0 MARY DODD LMSW DIRECTOR 1.00 X 0 0 0 MARY O'DOWD DIRECTOR 0.10 X 0 0 0 SHARON-MARIE ROONEY MD DIRECTOR 0.20 X 0 0 0 STEPHEN CONNOLLY MD DIRECTOR THRU DEC 2019 (SEE SCH. O) 0.00 X 0 0 0 SYDNEY D BOGART MD DIRECTOR 0.20 X 0 0 0 WILLIAM HEALY MD DIRECTOR THRU DEC 2019(SEE SCH. O) 0.00 X 0 0 0 50000 0 0 0 0 0 0 0 123925 123925 194200 194200 1245490 777035 468455 468455 468455 25250 29513 -4263 -4263 782317 0 0 658392 300 300 415900 415900 50000 25000 12500 12500 53101 26550 13276 13275 7887 3944 1971 1972 26145 26145 86162 86162 14234 5581 8365 288 67975 33987 16994 16994 1660 1660 3729 3729 322 322 4930 4930 CHAR500 FILING FEE 775 775 FOREIGN TAXES 583 583 733703 511845 176829 45029 77330 55227 1497377 1120926 0 2000 12173 1367 8307 6728 494 1579 10227792 11453388 26337 23620 11841503 12658107 23821 22599 22310 0 46131 22599 X 10985170 11805719 810202 829789 11795372 12635508 11841503 12658107 48614 791522 0 X X 0 1 X 1 0 X 154520 150912 47102 44790 123925 521249 154520 150912 47102 44790 123925 521249 117981 403268 151965 195673 195119 225306 194200 962263 1483512 0.27180 0.23680 X THE YEAR 2019 WAS THE CENTENNIAL YEAR OF OUR CHARITABLE ORGANIZATION. PHYSICIANS' HOME HAS DEPENDED ON PUBLIC SUPPORT FROM BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITY THROUGHOUT ITS 100-YEAR HISTORY. THE ORGANIZATION MAINTAINS AN ONGOING AND CONTINUOUS PROGRAM TO OBTAIN PUBLIC SUPPORT WHICH CENTERS ON AN ANNUAL FUNDRAISING APPEAL LETTER SENT TO PREVIOUS DONORS. AT INTERVALS AN APPEAL IS SENT TO ALL NEW YORK STATE PHYSICIANS, NUMBERING OVER 70,000. ADDITIONALLY, MANY OF THE NEW YORK STATE AND 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, 2020, PHYSICIANS' HOME RECEIVED OVER 390 DONATIONS, LARGE AND SMALL IN AMOUNT, MOSTLY FROM INDIVIDUAL CONTRIBUTORS.WE CONTINUE TO UPDATE OUR WEBSITE NOT ONLY TO PRESENT MORE INFORMATION ABOUT OUR MISSION, BUT ALSO TO PROVIDE POTENTIAL DONORS THE OPPORTUNITY TO CONTRIBUTE ONLINE WITH A CREDIT CARD. THE DONOR TRANSACTION PAGES OF THE WEBSITE, ACCESSIBLE FROM THE HOME PAGE, HAVE PROVED EASY TO NEGOTIATE, WITH CONTRIBUTIONS CONTINUING TO COME IN VIA THIS ROUTE. THIS YEAR WE HAVE ADDED PICTURES AND COMMENTARY FROM OUR CENTENNIAL CELEBRATION EVENT HELD IN OCTOBER, 2019.THE ORGANIZATION'S INVESTMENT PORTFOLIO HAS BEEN BUILT UP GRADUALLY OVER THE YEARS AS A RESULT OF ONGOING GENEROSITY FROM BOTH THE PHYSICIAN AND NON-PHYSICIAN COMMUNITIES. DONATIONS HAVE INCLUDED OVER ONE HUNDRED ESTATE BEQUESTS SINCE THE ORGANIZATION'S FOUNDING IN 1919, AND ESTATE BEQUESTS CONTINUE TO ADD TO OUR FINANCIAL RESOURCES.DURING THE YEAR ENDED SEPTEMBER 30, 2020 PHYSICIANS' HOME CONTINUED ADDING EMAIL ADDRESSES TO THE ORGANIZATION'S CONTRIBUTOR DATABASE.THE ADMINISTRATIVE OFFICE OF THE ORGANIZATION IS STAFFED DAILY, RESPONDING TO INQUIRIES FROM INDIVIDUALS SEEKING HELP, AS WELL AS PAYING CLOSE ATTENTION TO THE DETAILS REQUIRED TO PROCESS DONATIONS. AN EXECUTIVE COMMITTEE OF THE BOARD MEETS ON A REGULAR BASIS, ABOUT ONCE PER MONTH, TO REVIEW BENEFICIARY CIRCUMSTANCES AS WELL AS TO ADDRESS OTHER ISSUES. CHECKS ARE DISBURSED TO BENEFICIARIES ON A MONTHLY BASIS; ON OCCASION, ADDITIONAL ASSISTANCE IS PROVIDED SHOULD AN URGENT BENEFICIARY SITUATION ARISE. THIS YEAR, FROM MARCH 2020 ONWARD, EXECUTIVE COMMITTEE MEETINGS WERE HELD BY TELEPHONE CONFERENCE CALL, AND CONTINUED AT THEIR REGULAR INTERVAL.THE 19 MEMBER GOVERNING BODY FOR 2020 CONSISTED OF PRACTICING AND RETIRED PHYSICIANS, AS WELL AS LAYPERSONS DEDICATED TO THE MISSION OF PHYSICIANS' HOME. OUR BOARD MEMBERS PROVIDE DIVERSE POINTS OF VIEW REGARDING MATTERS BEFORE THE ORGANIZATION. OUR GOVERNING BODY IS ENTHUSIASTIC AS IT CONTINUES EFFORTS TO FURTHER THE MISSION OF THIS 100 YEAR-OLD CHARITABLE ORGANIZATION. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: ASSET TRANSFER FROM LIQUIDATED ENTITY DATE: 03/31/16 AMOUNT: 2359137. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 810202 39716 20129 829789 799843 32840 22481 810202 761105 59850 21112 799843 0.23680 0.76320 0 0 3342 1799 1543 4965 4929 36 1579 X 1487094 791522 791522 695572 86162 583 86745 782317 646958 0 646958 86162 583 86745 733703 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 2017 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 583. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES REPORTED ON PART IX 583. CENTENNIAL EVENT 25250 25250 16137 8963 4413 25250 25250 16137 8963 4413 29513 -4263 PART II - FUNDRAISING EVENTS THE CENTENNIAL EVENT REPORTED IN PART II UNDER FUNDRAISING EVENTS WAS INTENDED AS MORE OF A CELEBRATORY EVENT THAN A FUNDRAISER, TO RECOGNIZE THE 100-YEAR ANNIVERSARY OF OUR CHARITABLE ORGANIZATION. THE EVENT WAS HELD TO THANK THE MANY CONTRIBUTORS AND FRIENDS OF PHYSICIANS' HOME, AND TICKETS FOR THE EVENING WERE PRICED WITH THIS IN MIND. 1 FINANCIAL ASSISTANCE 34 415900 PART I, LINE 2: THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR MONITORING THE USE OF THE GRANT FUNDS FOR THEIR INTENDED PURPOSES. THE EXECUTIVE 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 EACH CONTRIBUTING MEMBER MAY ATTEND THE ANNUAL MEETING OF THE ORGANIZATION, AND VOTE FOR THE GOVERNING BODY. MEMBERS OF THE GOVERNING BODY ARE CONSIDERED ADMINISTRATIVE MEMBERS. EACH CONTRIBUTING MEMBER AND ADMINISTRATIVE MEMBER OF THE CORPORATION IS ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, AT ALL MEETINGS OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, AND THEN REVIEWED INTERNALLY BY MANAGEMENT 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, TRUSTEES, OFFICERS, ACCOUNTANT(S), AUDITOR(S), INVESTMENT MANAGER(S), AND OFFICE STAFF. THESE PERSONS RECEIVE A STATEMENT OF CONFLICT OF INTEREST POLICY (WHICH ALSO COVERS CONFIDENTIALITY AND WHISTLEBLOWER ACTIVITIES). 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 VALIDATED BY THE EXECUTIVE COMMITTEE, THE PERSON IS EXPECTED TO RECUSE HIMSELF/HERSELF FROM THE RELATED 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. THIS AMOUNT REPRESENTS APPROXIMATELY TWO-THIRDS OF THE COMPENSATION PAID BY OTHER SIMILAR ORGANIZATIONS. BOARD MEMBERS APPROVED THE FINAL PROPOSED PRESIDENT/CEO'S SALARY IN WRITING AND THE ORGANIZATION HAS RETAINED THEIR RESPONSES. THE BOARD HAS LEFT THE SALARY UNCHANGED SUBSEQUENT TO OCTOBER 1, 2018. 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, 8TH FL, NEW YORK, NY 10022-8606. FORM 990, PART VII-A, COLUMN (B) BOARD MEMBER HOURS: BOARD MEMBER HOURS PER WEEK REPORTED IN PART VII, SECTION A, REFLECT THAT CERTAIN MEMBERS OF THE GOVERNING BODY WERE IN A TRANSITION ROLE OFF THE BOARD OR TO A NON-VOTING POSITION AS DIRECTOR EMERITUS OR TRUSTEE, AND HOURS PER WEEK REFLECT SUCH TRANSITIONS DURING THE YEAR; AS WELL AS ONE MEMBER WHO IS PRACTICING PHYSICIAN THAT WILL HAVE INCREASED PARTICIPATION ON THE BOARD IN THE FOLLOWING YEAR.