2021-09-30T10:36:56-05:00 2020-12-31 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2020-01-01 135562312 Miriam Osborn Memorial Home Association % ROBERT S DAVIS MIRI 9149258278 101 Theall Road Rye NY 10580 ROBERT S DAVIS CFO AND TREASURER 9149258278 2021-11-15 true Robert Davis 999009999 Aaron Shapiro P01333816 2128674000 3 2020 2022-09-23 18:48:47Z ROBERT S DAVIS 101 THEALL ROAD RYE NY 10580 91366084 false X WWW.THEOSBORN.ORG X 1892 NY TO PROVIDE SUPERIOR LIVING COMMUNITIES AND HEALTH CARE SERVICES WHILE ASSURING THE OSBORN'S LONGTERM FINANCIAL SECURITY AND MAINTAINING OUR COMMITMENT TO CHARITY. 16 16 489 95 0 335668 190000 44772142 39983850 1743209 2701820 563513 2132846 47414532 45008516 0 0 0 0 26922173 26802713 0 0 0 24424494 24384745 51346667 51187458 -3932135 -6178942 165397212 165989645 221428975 224321230 -56031763 -58331585 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 true 42180027 37909611 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 $2,401,171 IN 2020. THE ESTIMATED COST OF PROVIDING CHARITY CARE WAS $3,032,011 IN 2020. 2074239 MIRIAM OSBORN MEMORIAL HOME ASSOCIATON PERFORMS ADMINISTRATIVE SERVICES FOR STERLING HOME CARE AND THE OSBORN FOUNDATION AND RECEIVES MANAGEMENT FEES FOR THESE SERVICES. 42180027 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 97 0 489 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 24.02 13.48 X 561807 315361 52503 ROBERT S DAVIS CFO AND TREASURER 24.02 13.48 X 320348 179821 59848 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 37.5 0.0 X 464643 0 77721 ELIZABETH ROSSI VP HUMAN RESOURCES 37.5 0.0 X 369693 0 51655 STEPHANIE LARSEN VP AND GENERAL COUNSEL 37.5 0.0 X 243465 0 42807 CHRISTA PICCIANO-DANIELLO VP SALES 37.5 0.0 X 209893 0 47589 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 24.84 12.66 X 142077 79752 25976 RICHARD LIPARI EXECUTIVE CHEF 37.5 0.0 X 173598 0 45265 GOPAL PATEL DIR. OF FINANCIAL REPORTING 37.5 0.0 X 160361 0 57242 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 37.5 0.0 X 204572 0 10580 MICHAEL D FREDDINO CONTROLLER 37.5 0.0 X 177478 0 34899 YVETTE ALLEN PAVILION ADMINISTRATOR 37.5 0.0 X 182115 0 29945 ANDREW HORN DIRECTOR OF DINING 37.5 0.0 X 168874 0 35103 NATHAN W PEARSON CHAIR 2.0 4.0 X X 0 0 0 RODERIC L ROLETT VICE CHAIR 2.0 0.0 X X 0 0 0 LINDA MILLER ASSISTANT SECRETARY 2.0 0.0 X 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 GEORGE G PAWLUSH TRUSTEE 2.0 4.0 X 0 0 0 THOMAS M SAUNDERS TRUSTEE 2.0 2.0 X 0 0 0 BRADLEY G RAZOOK TRUSTEE 2.0 4.0 X 0 0 0 JAMES P STEFFENSEN TRUSTEE 2.0 2.0 X 0 0 0 BROOKS G WRIGHT TRUSTEE 2.0 2.0 X 0 0 0 ALBERT BRUNNER TRUSTEE 2.0 0.0 X 0 0 0 SUSAN MILLER TRUSTEE 2.0 2.0 X 0 0 0 WILLIAM D HOLDEN TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK G SYKES TRUSTEE 2.0 0.0 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 3378924 574934 571133 20 false true false US FOODSERVICE INC PO BOX 641871 PITTSBURGH PA 15264 FOOD SERVICE 831104 L AND M COMPANY OF NIETO CONTRACTOR 140 HIGHLAND STREET PORT CHESTER NY 10573 CONSTRUCTION 468525 CURTIS SPACAVENTO PO BOX 707 ARMONK NY 10504 LANDSCAPING 469406 SOUND COMMUNICATIONS INC 149 W 36TH ST 11TH FL NEW YORK NY 10018 advertising 539294 COOL INSURING AGENCY INC PO BOX 2153 GLENS FALL NY 12801 INSURANCE 495680 39 180000 10000 190000 RESIDENT FEES 623000 37909611 37909611 MANAGEMENT FEE 561000 2074239 2074239 39983850 247373 247373 0 0 93773 9177 84596 0 84596 84596 48802838 46348391 2454447 2454447 2454447 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 900099 2048250 2048250 2048250 45008516 39983850 4834666 0 0 0 0 2808919 2261506 547413 0 17548594 14128655 3419939 1589956 1280099 309857 3078845 2569004 509841 1776399 1430207 346192 0 150128 150128 80064 80064 4478 4478 0 295345 295345 457114 457114 1111505 1111505 3117709 2704402 413307 660866 660866 0 3783408 3783408 0 0 0 0 0 9515594 9441373 74221 0 FOOD 1304924 1304924 CASH RECEIPTS ASSESSMENT 570020 570020 HOUSEKEEPING/KITCHEN SUPPLY 305566 305566 MEDICAL FEES AND SUPPLIES 3028024 2970883 57141 51187458 42180027 9007431 0 1552640 3230802 527781 447846 0 0 1535821 1194271 0 0 0 0 0 0 0 0 1386432 1032762 234724353 143800127 97605561 90924226 46683445 52271841 13378679 13592118 0 0 0 0 2726853 3295779 165397212 165989645 18748897 19659236 0 0 0 0 26861945 25305200 691482 923347 0 0 0 0 0 0 175126651 178433447 221428975 224321230 X -56031763 -58331585 0 0 -56031763 -58331585 165397212 165989645 X -6178942 5562748 -1683628 X false true X true true false X 232820 147130 128000 335668 190000 1033618 40854170 41336072 41552173 44772142 40278810 208793367 0 0 0 41086990 41483202 41680173 45107810 40468810 209826985 0 0 0 209826985 476676 654472 748836 915937 341146 3137067 0 476676 654472 748836 915937 341146 3137067 0 2140301 2193213 2199694 452773 1753290 8739271 43703967 44330887 44628703 46476520 42563246 221703323 0.94643 0.94672 0.01415 0.01552 X PART III, SECTION B, LINE 12 CONSISTS OF MANAGEMENT FEES AND OTHER MISCELLANEOUS FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 4478 false false 4478 false PART II-B, LINE 1, LOBBYING ACTIVITIES portion of membership dues associated with lobbying activities 102600 X false false true X 1 1 189897019 108175735 81721284 16190344 13175130 3015214 28636989 22449262 6187727 90924226 0 0 REFUNDABLE ENTRANCE FEE 175027558 PREMIUM ON BOND PAYABLE 3005889 DUE TO MEDICARE ADVANACE PAYMENT 400000 178433447 50269795 5562748 -6124 5556624 44713171 295345 295345 45008516 50901290 9177 9177 50892113 295345 295345 51187458 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: $31,972 NET PERIODIC BENEFIT COST: $-47,273 Rental Expense: $9,177 TOTAL: $-6,124 Schedule D, Part XII, Line 2d Rental expense: 9,177 Europe (Including Iceland and Greenland) Investments 3883633 South Asia Investments 7524539 East Asia and the Pacific Investments 8252720 19660892 23396462 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 271025 152126 37412 21012 253370 142223 8214 4611 25413 14265 595434 334237 187447 105200 ROBERT S DAVIS CFO AND TREASURER 207107 116256 27058 15191 86183 48374 8214 8214 27810 15610 356372 203645 39575 22212 CHRISTOPHER FERRERI CHIEF OPERATING OFFICER 310344 0 29120 0 125179 0 37044 0 40677 0 542364 0 56117 MICHAEL D FREDDINO CONTROLLER 173962 0 3000 0 516 0 8237 0 26662 0 212377 0 YVETTE ALLEN PAVILION ADMINISTRATOR 178839 0 3000 0 276 0 8363 0 21582 0 212060 0 RICHARD LIPARI EXECUTIVE CHEF 169541 0 3000 0 1057 0 8061 0 37204 0 218863 0 ANDREW HORN DIRECTOR OF DINING 165358 0 3000 0 516 0 7875 0 27228 0 203977 0 GOPAL PATEL DIR. OF FINANCIAL REPORTING 159569 0 0 0 792 0 27827 0 29415 0 217603 0 RICHARD SGAGLIO VP MARKETING AND FUNDRAISING 126302 70897 14603 8197 1172 658 6480 3637 10157 5702 158714 89091 ANDY GOOLCHARAN VP INFORMATION TECHNOLOGY 183443 0 20853 0 276 0 9253 0 1327 0 215152 0 ELIZABETH ROSSI VP HUMAN RESOURCES 209039 0 24591 0 136063 0 12187 0 39468 0 421348 0 134140 STEPHANIE LARSEN VP AND GENERAL COUNSEL 216652 0 25810 0 1003 0 11453 0 31354 0 286272 0 CHRISTA PICCIANO-DANIELLO VP SALES 187362 0 21962 0 569 0 9745 0 37844 0 257482 0 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 2020, THE FOLLOWING INDIVIDUALS PARTICIPATED IN 457B AND RABBI TRUST (457F): MATTHEW ANDERSON: $38,588 ROBERT S. DAVIS: $28,454 CHRISTOPHER FERRERI: $19,500 IN 2020, THE FOLLOWING INDIVIDUALS received payments from RABBI TRUST (457F): Matthew Anderson: $333,404 Robert S. Davis: $86,712 CHRISTOPHER FERRERI: $80,336 Elizabeth Rossi: $134,140 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 31053316 0 0 0 539410 0 0 0 30513907 6723 true false false true A false true false false 0.00160 0.00270 0.00430 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 12/31/2020: $55.00 TOTAL PROCEEDS OF ISSUE: $31,053,316.50 Form 990, Part III, Line 3 Due to COVID-19, the Osborn entities instituted the following measures to protect the campus and residents: 1. Upon the announcement on March 2, 2020 of the first COVID-19 case in Westchester County, the Osborn instituted measures such as canceling community events, closing down salad bars and buffets in the dining areas, turning off water fountains and time clocks, and other steps to reduce possible exposure and improve safety. 2. The campus was closed to visitors. Access to the campus was closed at all gated entrances except for the main entrance, where security personnel were in place 24 hours a day. 3. The Osborn entities followed both the Centers for Disease Control and Prevention (CDC) and New York State Department of Health (NYSDOH) guidance for the 430 residents. Assisted Living residents were asked to remain in their apartments. Meals and medications were delivered, with frequent resident checks and all necessary care provided. The Osborn entities expanded their isolation protocols in The Pavilion, skilled nursing center, and, in response to the March 25, 2020 New York State mandate regarding the acceptance of recovering COVID-19 patients released from area hospitals, they established a separate isolation unit for new hospital admissions. 4. All employees were screened according to NYSDOH guidelines upon arrival at the Osborn; screening includes a health questionnaire and temperature check. 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 $(1,668,327) INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE $31,972 NET PERIODIC BENEFIT COST AND POSTRETIREMENT BENEFIT $(47,273) TOTAL TO FORM 990, PART XI, LINE 9 $(1,683,628) 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