2021-04-08T11:27:44-05:00 2020-06-30 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2019-07-01 911943271 MMC RESIDENTIAL CORP I INC % EVAN RESNICK MMCR 9143498474 3411 WAYNE AVENUE BRONX NY 104672401 CHRISTOPHER S PANCZNER SECRETARY 9143498455 2021-04-07 true NICOLE M SOKOLOWSKI P01683199 2127733000 2019 2022-09-23 18:48:47Z EDWARD PFLEGING 111 EAST 210TH STREET BRONX NY 104672401 2939511 false X N/A X 1995 NY MMC RESIDENTIAL CORP. PROVIDES commercial space to MONTEFIORE MEDICAL CENTER in furtherance of the Medical center mission of advancing the health of the communities served. 2 0 4 0 0 0 0 0 2787886 2885528 0 0 55971 53983 2843857 2939511 0 0 0 0 288803 298438 0 0 0 1378733 654579 1667536 953017 1176321 1986494 4564157 6396372 359614 205335 4204543 6191037 MMC RESIDENTIAL CORP. I, INC. PROVIDES COMMERCIAL RENTAL SPACE TO MONTEFIORE MEDICAL CENTER IN FURTHERANCE OF THE MEDICAL CENTER MISSION TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. false false MMC RESIDENTIAL CORP. I, INC., a subsidiary of Montefiore Medical Center, OWNS AND OPERATES A RENTAL BUILDING NEAR MONTEFIORE MEDICAL CENTER that it rents out as commercial space to the Medical Center in furtherance of the Medical Center's mission TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. false false false false false false false true false true false false true false false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true X 3 0 true 4 true false false false false false false false false X 2 0 false false false false true true true true true false false true true true true true true false false false NY X EVAN RESNICK 9143498455 555 SOUTH BROADWAY BLDG A FL 1 TARRYTOWN NY 105916301 CHRISTOPHER S PANCZNER SECRETARY 0.5 59.5 X X 0 1270367 26913 EDWARD PFLEGING PRESIDENT 2.0 58.0 X X 0 932879 45814 Lindsay Baker treasurer (Resigned 11/15/19) 1.0 59.0 X X 0 351296 41772 0 2554542 114499 0 false true false SECURITAS SECURITY SERVICES USA IN PO BOX 403412 ATLANTA GA 303843412 SECURITY 175582 AA Maintenance Enterprise Inc 965 Midland Avenue YONKERS NY 10704 Cleaning Services 137478 2 0 RENTAL INCOME 531110 2885528 2885528 0 0 2885528 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PARKING INCOME 812930 48847 48847 0 0 LAUNDRY INCOME 812300 5116 5116 0 0 MISCELLANEOUS 900099 20 20 0 0 53983 2939511 2939511 0 0 0 0 0 0 0 0 228688 0 52512 17238 62669 2118 0 0 0 0 128791 0 163040 0 0 245813 0 0 0 0 0 48708 3190 FILING FEES 250 953017 0 0 341993 122310 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8284639 6211621 2015929 2073018 0 0 0 0 0 0 0 0 2206235 4201044 4564157 6396372 358748 205335 0 0 0 0 0 0 866 0 0 0 0 0 0 0 0 0 359614 205335 X 4204543 6191037 0 0 4204543 6191037 4564157 6396372 1986494 X false true X true false false true X 225000 225000 7030819 5445038 1585781 1028820 766583 262237 2073018 DUE FROM AFFILIATES 4201044 4201044 Schedule D, Part IV, Line 2B The organization held security deposits for third parties tenants in an escrow account pursuant to the individual lease agreements between the tenants and the organization. As of the current fiscal year end, these deposits were all returned to the tenants since the organization is no longer renting space to unrelated third parties. false true false EDWARD PFLEGING PRESIDENT 0 810845 0 100000 0 22034 0 17000 0 28814 0 978693 0 0 CHRISTOPHER S PANCZNER SECRETARY 0 903133 0 321200 0 46034 0 17000 0 9913 0 1297280 0 0 Lindsay Baker treasurer (Resigned 11/15/19) 0 212862 0 80000 0 58434 0 14485 0 27287 0 393068 0 0 Part I, Line 4B & Part II-Col (C) As it related to compensation from Montefiore Medicine Academic Health System, Inc., a related entity of the organization: The Health System Compensation Committee reviews and approves all forms of compensation and benefits provided to each executive (except those generally provided to all management level employees) with the assistance of a national independent compensation consulting firm. The consulting firm assists the Compensation Committee with its decision-making process to ensure executive compensation levels are reasonable and appropriate relative to those of other similar organizations. Base salaries in Column B(i) are determined based on competitive market practices for comparable positions with similar size organizations and scope of responsibilities. Bonus and incentive compensation in Column B(ii) is based on the achievement of performance goals. The executives' compensation program has a significant pay-at-risk component to ensure the alignment of pay and organizational performance. Goals are set in advance in areas such as quality of care, patient satisfaction, community services and financial performance. Compensation is at risk if the goals established by the Compensation Committee are not met. In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of the Board of Trustees expressly reviewed and approved these retirement benefit arrangements for senior executives in a manner that qualified under the intermediate sanctions rules of the Federal tax law, and in recognition of (a) the executives' years of service to the organization and (b) the significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the organization. Christopher S. Panczner participated in a supplemental nonqualified retirement plan that he will become fully vested in 2020. His reportable deferred compensation for the current tax year did not include a defined benefits accrual from the plan since his first distribution will be paid out before 2.5 months after the calendar year. Part II - Compensation from related organization The officers listed in Part II are not employees of THIS FILING ORGANIZATION. All officers of MMC Residential Corp. I, Inc. are employed and compensated by Montefiore Medicine Academic Health System, Inc., the parent company of Montefiore Health System. Form 990, Part IV, Line 12B THE FINANCIAL INFORMATION REPORTED IN THE FORM 990 IS FOR THE FISCAL YEAR beginning JULY 1, 2019 AND ENDED JUNE 30, 2020. THE FIRST SIX MONTHS (JULY THROUGH DECEMBER 2019) OF THE AMOUNTS REPORTED IN THIS RETURN WERE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF MONTEFIORE MEDICAL CENTER FOR THE YEAR ENDED DECEMBER 31, 2019. THE SECOND SIX MONTHS (JANUARY THROUGH JUNE 2020) WERE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF MONTEFIORE MEDICAL CENTER FOR THE YEAR ENDED DECEMBER 31, 2020. FORM 990, PART V, LINE 2A ALL EMPLOYEES of the organization ARE PAID BY MONTEFIORE MEDICAL CENTER, EIN 13-1740114, THE COMMON PAYMASTER. MONTEFIORE MEDICAL CENTER ISSUES ALL W-2S and files all required federal employment tax returns. SALARIES ARE DIRECTLY ALLOCATED TO and reimbursed by the organization for its DESIGNATED EMPLOYEES. Form 990, Part VI, Section A, Line 6 THE SOLE MEMBER OF MMC RESIDENTIAL CORP. I, INC. IS MONTEFIORE MEDICAL CENTER A SECTION 501(C)(3) TAX-EXEMPT NEW YORK NOT-FOR-PROFIT CORPORATION. Form 990, Part VI, Section A, Line 7A THE BOARD OF TRUSTEES OF MONTEFIORE MEDICAL CENTER, THE SOLE MEMBER, HAS THE AUTHORITY TO APPOINT THE BOARD OF TRUSTEES OF MMC RESIDENTIAL CORP. I, INC. Form 990, Part VI, Section A, Line 7B THE BOARD OF TRUSTEES OF MONTEFIORE MEDICAL CENTER, THE SOLE MEMBER OF THE ORGANIZATION, HAS THE AUTHORITY TO approve the operating and capital BUDGETS OF MMC Residential Corp. I, Inc. Form 990, Part VI, Section B, Line 11B THE FORM 990 WAS PREPARED BY THE FINANCE DEPARTMENT OF MONTEFIORE MEDICAL CENTER AND WAS REVIEWED AND APPROVED BY the VICE PRESIDENT - FINANCE. AN INDEPENDENT PUBLIC ACCOUNTING FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE VARIOUS REVIEWS, THE FINAL FORM 990 WAS PRESENTED TO THE BOARD OF TRUSTEES OF MMC RESIDENTAL CORP. I, INC. FOR APPROVAL PRIOR TO FILING. Form 990, Part VI, Section B, Line 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY MEANS OF A SURVEY THAT WAS DEVELOPED BY MONTEFIORE MEDICAL CENTER'S COUNSEL. THE MMC RESIDENTIAL CORP. I, INC.'S BOARD OF TRUSTEES ADOPTED THE POLICY OF MONTEFIORE MEDICAL CENTER, ITS SOLE MEMBER. THE POLICY STIPULATES THAT THE GENERAL APPROACH WHEN A POTENTIAL CONFLICT ARISES IS TO DISCLOSE THE POSSIBLE CONFLICT TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER WILL MAKE EVERY EFFORT TO PROVIDE GUIDANCE TO PERMIT RESOLUTION OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE COMPLIANCE OFFICER WILL TAKE THE APPROPRIATE ACTIONS, INCLUDING ADVISING MMC RESIDENTIAL CORP. I, INC.'S BOARD OF TRUSTEES REGARDING PARTICULAR CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15A & 15B THE OFFICERS PRESENTED IN PART VII AND SCHEDULE J ARE EMPLOYED AND COMPENSATED by Montefiore Medicine Academic Health System, Inc. and not THE filing organization. Montefiore Health System IS COMMITTED TO ENSURING THAT ITS EXECUTIVE COMPENSATION PROGRAM ADHERES TO THE HIGHEST STANDARDS OF REGULATORY COMPLIANCE AND BEST CORPORATE GOVERNANCE. THE BOARD OF TRUSTEES HAS CHARGED THE COMPENSATION COMMITTEE OF THE BOARD (WHICH IS COMPRISED OF INDEPENDENT BOARD MEMBERS WITH NO CONFLICTS OF INTEREST IN REGARDS TO EXECUTIVE COMPENSATION) WITH MAKING ALL DECISIONS RELATED TO COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES. ALL DECISIONS MADE BY THE COMPENSATION COMMITTEE ARE APPROPRIATELY AND TIMELY DOCUMENTED IN MEETING MINUTES. THE COMPENSATION COMMITTEE'S REVIEW PROCESS FOLLOWS THE INTERMEDIATE SANCTIONS GUIDELINES FOR QUALIFYING FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT WITH THIS PROCESS. COMPENSATION LEVELS ARE ESTABLISHED CONSIDERING DATA FOR COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF MANAGEMENT PERFORMANCE (INCLUDING THE SERVICES PROVIDED TO THE COMMUNITY), AND OTHER BUSINESS JUDGMENT FACTORS, CONSISTENT WITH MONTEFIORE'S EXECUTIVE COMPENSATION PHILOSOPHY. THE COMMITTEE'S DECISIONS ARE MADE IN THE BEST INTEREST OF MONTEFIORE, AND ARE INTENDED TO ENSURE THE RECRUITMENT AND RETENTION OF KEY EXECUTIVE TALENT, CONSISTENT WITH THE MARKET PRACTICES OF OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS OF COMPARABLE SCOPE, MISSION AND COMPLEXITY. ON AN ANNUAL BASIS, THE COMMITTEE PROVIDES THE FULL BOARD OF TRUSTEES WITH A DESCRIPTION OF THE COMMITTEE'S REVIEW AND APPROVAL PROCESS AND ITS DECISIONS. Form 990, Part VI, Section C, Line 19 THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:PARKING SERVICES TOTAL FEES:108485 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL SERVICES TOTAL FEES:20306 MONTEFIORE HOSP HOUSING SECTION II INC 3450 WAYNE AVENUE BRONX NY 10467 237160641 STAFF HOUSING NY 501(C)(2) MMC true MMC CORPORATION 111 EAST 210TH STREET BRONX NY 10467 133430322 REAL ESTATE NY 501(C)(3) 12A TYPE I MMC true MOSHOLU PRESERVATION CORPORATION 3400 RESERVIOR OVAL EAST BRONX NY 10467 133109387 COMMUNITY SER NY 501(C)(3) 12A TYPE I MMC true GUN HILL MRI PC 200 EAST GUN HILL ROAD BRONX NY 10467 133734486 DIAG SERVICES NY 501(C)(3) 12A TYPE I MMC true MONTEFIORE HEALTH SYSTEM INC 555 SOUTH BROADWAY TARRYTOWN NY 10591 201615393 SUPPORT SERV NY 501(C)(3) 12B TYPE II MMAHS true MONTEFIORE NEW ROCHELLE HOSPITAL 16 GUION PLACE NEW ROCHELLE NY 10801 462931956 HOSPITAL NY 501(C)(3) 3 MHS true MONTEFIORE MOUNT VERNON HOSPITAL 12 NORTH SEVENTH AVENUE MOUNT VERNON NY 10550 462916938 HOSPITAL NY 501(C)(3) 3 MHS true SCHAFFER EXTENDED CARE CENTER 16 GUION PLACE NEW ROCHELLE NY 10801 462929888 NURSING HOME NY 501(C)(3) 3 MHS true MONTEFIORE FOUNDATION INC 111 EAST 210TH STREET BRONX NY 10467 471600439 INACTIVE NY 501(c)(3) 7 MMAHS true ALBERT EINSTEIN COLLEGE OF MEDICINE INC 1300 MORRIS PARK AVENUE BRONX NY 10461 472209056 MED COLLEGE NY 501(c)(3) 2 MMAHS true MONTEFIORE MEDICINE ACAD HLTH SYSINC 555 SOUTH BROADWAY TARRYTOWN NY 10591 471582973 SYSTEM PARENT NY 501(c)(3) 12B TYPE II NA true MONTEFIORE MEDICAL CENTER 111 EAST 210TH STREET BRONX NY 10467 131740114 ACAD MED CTR NY 501(c)(3) 3 MHS true WHITE PLAINS HOSPITAL MEDICAL CENTER 41 EAST POST ROAD WHITE PLAINS NY 10601 131740130 HOSPITAL NY 501(C)(3) 3 MHS true WHITE PLAINS HOSPITAL CENTER FDN INC 41 EAST POST RD AND DAVIS AVE WHITE PLAINS NY 10601 133281507 FUNDRAISING NY 501(C)(3) 12A TYPE I WPHMC true MONTEFIORE NYACK HOSPITAL 160 NORTH MIDLAND AVENUE NYACK NY 10960 131740119 HOSPITAL NY 501(C)(3) 3 MHS true AECOM STUDENT HOUSING CO INC 1300 MORRIS PARK AVENUE BRONX NY 10461 237075620 STUDENT HOUS NY 501(C)(2) AECOM true MONTEFIORE CERC OPERATIONS INC 111 EAST 210TH STREET BRONX NY 10467 474853506 REHAB CENTER NY 501(C)(3) 3 MMC true MONTEFIORE NYACK HOSPITAL FOUNDATION 160 north midland avenue nyack NY 10960 133245804 FUNDRAISING NY 501(C)(3) 7 NYACK HOSP true THE WINIFRED MASTERSON BURKE REHAB HOSP 785 MAMARONECK AVENUE WHITE PLAINS NY 10605 131739937 REHAB HOSP NY 501(C)(3) 3 MHS true ST LUKE'S CORNWALL HOSPITAL 70 DUBOIS STREET NEWBURGH NY 12550 141340054 HOSPITAL NY 501(C)(3) 3 MHS true ST LUKE'S CORNWALL HEALTH SYS FOUNDATION 70 DUBOIS STREET NEWBURGH NY 12550 223026263 FUNDRAISING NY 501(C)(3) 7 SLCHS true ST LUKE'S CORNWALL HEALTH SYSTEM INC 70 DUBOIS STREET NEWBURGH NY 12550 223026261 HOLDING COMP NY 501(C)(3) 12A TYPE I MHS true HUDSON VISTA MEDICAL PC 70 DUBOIS STREET NEWBURGH NY 12550 452526738 HEALTHCARE NY 501(C)(3) 12A TYPE I SLCH true HUDSON VISTA PHYSICIAN SERVICES PC 70 DUBOIS STREET NEWBURGH NY 12550 272020746 HEALTHCARE NY 501(C)(3) 12A TYPE I SLCH true AMOS AND SARAH HOLDEN HOME 70 DUBOIS STREET NEWBURGH NY 12550 141365995 ASST LIVING NY 501(C)(3) PF SLCHS true MONTEFIORE MED ACAD HLTH SYS SELF INS TR 555 SOUTH BROADWAY TARRYTOWN NY 10591 824019223 INS TRUST NY 501(C)(3) 12A TYPE I MMAHS true ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVENUE BRONX NY 10461 830621846 MED COLLEGE NY 501(C)(3) 2 MMAHS true UNIVERSITY BEHAVIORAL ASSOCIATES INC 111 EAST 210TH STREET BRONX NY 104672401 133877781 MANAGEMENT SERV NY NA C CORP true THE MONTEFIORE IPA INC 111 EAST 210TH STREET BRONX NY 104672401 134114915 INTEG PROVR ASSOS NY NA C CORP true MMC GI HOLDINGS EAST INC 111 EAST 210TH STREET BRONX NY 104672401 721610013 HOLDING COMPANY NY NA C CORP true MMC GI HOLDINGS WEST INC 111 EAST 210TH STREET BRONX NY 104672401 721610015 HOLDING COMPANY NY NA C CORP true MONTEFIORE BEHAVIORAL CARE IPA NO1INC 111 EAST 210TH STREET BRONX NY 104672401 133952750 INTEG PROVR ASSOC NY NA C CORP true BRONX ACCOUNTABLE HEALTHCARE NETWORK IPA 111 EAST 210TH STREET BRONX NY 104672401 300689571 INTEG PROVR ASSOC NY NA C CORP true MONTEFIORE CONSOLIDATED VENTURES INC 111 EAST 210TH STREET BRONX NY 104672401 611728539 HOLDING COMPANY NY NA C CORP true MONTEFIORE INSURANCE COMPANY INC 111 EAST 210TH STREET BRONX NY 104672401 320436594 INACTIVE NY NA C CORP true 8 LONGVIEW DEVELOPMENT CORPORATION DAVIS AVE AT EAST POST ROAD WHITE PLAINS NY 106014615 263321278 HOUSING NY NA C CORP true WHITE PLAINS MEDICAL DIAGNOSTIC SVCS PC 41 E POST ROAD WHITE PLAINS NY 106014607 453164626 HEALTHCARE SERV NY NA C CORP true CANCER AND BLOOD MEDICAL SERV OF NY PC 41 E POST ROAD WHITE PLAINS NY 106014607 462021804 HEALTHCARE SERV NY NA C CORP true DAVIS AVENUE CORP DAVIS AVE AT EAST POST ROAD WHITE PLAINS NY 106014615 133331643 PROPERTY HOLDING NY NA C CORP true WPHC BUILDING CORP 41 EAST POST ROAD WHITE PLAINS NY 106014615 133676932 PROPERTY HOLDING NY NA C CORP true WHITE PLAINS MANAGEMENT CO INC 41 EAST POST ROAD WHITE PLAINS NY 106014615 133331641 PROPERTY HOLDING NY NA C CORP true HUDSON VALLEY IPA INC 111 EAST 210TH STREET BRONX NY 104672401 383978087 INTEG PROVR ASSOC NY NA C CORP true MONTEFIORE INNOVATIONS INC 111 EAST 210TH STREET BRONX NY 104672401 475106910 HOLDING COMPANY NY NA C CORP true HIGHLAND MEDICAL PC 160 NORTH MIDLAND AVENUE NYACK NY 109601912 134034481 HEALTHCARE SERV NY NA C CORP true CHARITABLE REMAINDER TRUSTS (4) CHARIT REMR TRUST NY NA TRUST true WHITE PLAINS MEDICAL SERVICES PC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 815369152 HEALTHCARE SERV NY NA C CORP true WHITE PLAINS PHYSICIAN SERVICES PC DAVIS AVE AT EAST POST ROAD WHITE PLAINS NY 10601 815309615 HEALTHCARE SERV NY NA C CORP true CRHT ACQUISITION INC 555 SOUTH BROADWAY BLDG A TARRYTOWN NY 10591 815220651 HOLDING COMPANY NY NA C CORP true QUANTUM BIOTHERAPEUTICS LLC 111 EAST 10TH STREET BRONX NY 10467 611793667 INACTIVE NY NA C CORP true WHITE PLAINS PHYSICIAN MEDICAL SERV PC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 830519787 INACTIVE NY NA C CORP true EAST POST ROAD MEDICAL SERVICES PC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 830535258 HEALTHCARE SERV NY NA C CORP true EAST POST ROAD PHYSICIAN SERV PC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 830563325 INACTIVE NY NA C CORP true DAVIS AVENUE MEDICAL SERVICES PC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 830579310 INACTIVE NY NA C CORP true WPH HOLDINGS INC DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 833893119 HOLDING COMPANY NY NA C CORP true INNOVATOR ACQUSITION CORP 111 EAST 210ST STREET BRONX NY 104672401 833394059 HOLDING COMPANY NY NA C CORP true false false false false false false false false false true false false true true false true true false true MONTEFIORE MEDICAL CENTER J 2885528 market value MONTEFIORE MEDICAL CENTER M 62669 COST MONTEFIORE MEDICAL CENTER P 1521956 COST MONTEFIORE MEDICAL CENTER Q 832062 COST