2020-11-06T12:26:58-06:00 2019-12-31 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2019-01-01 133109387 Mosholu Preservation Corporation % EVAN RESNICK MOSH 9143498418 3400 Reservoir Oval East Bronx NY 104673102 SHEILA E MCGRATH SECRETARY 7189204610 2020-10-29 true NICOLE M SOKOLOWSKI P01683199 2127733000 108.206.163.59 26308520203115000054 2020-11-06 P 24558E047A149CE0743DDA4F89040DC2FD5B7974 770194AAF055F9EA87E64CA02E08FE540289067F 2019 2021-01-29 14:40:06Z LEWIS HENKIND 3400 Reservoir Oval East Bronx NY 104673102 2302008 false X WWW.MPCBRONX.ORG X 1981 NY To combat community deterioration and provide affordable housing and economic development opportunities in the communities served by the Montefiore Academic Health System. 8 3 7 20 81941 0 204912 192611 2091740 2008106 8319885 98307 8339 2984 10624876 2302008 2500 1000 0 0 525558 688325 0 0 0 1812895 1868743 2340953 2558068 8283923 -256060 12174984 12029623 1487782 1582578 10687202 10447045 Mosholu Preservation Corporation was formed to combat community deterioration and provide affordable housing and economic development opportunities in the communities served by the Montefiore Academic Health System in support of Montefiore's charitable healthcare mission to heal, to teach, to discover and to advance the health of the communities served. false false 1486105 0 1926165 Rental Operations: Promoting economic development, combating community deterioration and improving the overall quality of life in the neighborhoods served by the Montefiore Medicine Academic Health System, including the acquiring, constructing, operating and renting, rehabilitating and improving housing, related facilities and other structures and properties. 128027 0 81941 Newspaper Operations: Operates the Norwood news (a free newspaper) to foster communication among citizens and organizations and to be a catalyst for neighborhood development efforts. The Norwood news is a community newspaper serving the Bronx. 115488 1000 0 Community Services: Activities designed to combat community deterioration by coordinating business improvement districts, neighborhood beautification projects, and community services programs throughout the communities served by the Montefiore Medicine Academic Health System. 1729620 true true false false false false false false true false true false false false true 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 false false true true true false false true 15 0 true 7 true true true false false false false false false false false false false false X 8 3 false false true false false true false true true false false true true true true true true false false false NY X EVAN RESNICK 9148498455 555 SO BROADWAY BLDG A FL 1 TARRYTOWN NY 105916301 Edward Pfleging Director - Ex-Officio 1.0 59.0 X 0 932879 45814 Richard Chandler Director (Effective 3/25/19) 2.0 48.0 X 0 319524 15132 DAVID FRIEDMAN DIRECTOR 1.0 49.0 X 0 223104 46608 SHEILA E MCGRATH DIRECTOR/SECRETARY 2.0 48.0 X X 0 190655 41627 JOHN WUNSCH Treasurer (Resigned 6/30/19) 2.0 48.0 X X 0 195638 25334 Jennifer L Tausig Director - Ex-Officio 40.0 0.0 X 118034 0 17942 LEWIS HENKIND DIRECTOR/CHAIRMAN 1.0 1.25 X X 0 0 0 MARGARET HAYES ADAME DIRECTOR (Passed away 4/27/19) 0.5 1.25 X 0 0 0 RENEE BRODIE DIRECTOR 0.5 0.0 X 0 0 0 DORIS QUINONES DIRECTOR 0.5 0.0 X 0 0 0 Lilliam Perez Director (Resigned 3/25/19) 0.5 0.0 X 0 0 0 118034 1861800 192457 1 false true false NONE 0 19989 150122 22500 192611 RENTAL OF REHABILITATED BUILDINGS 531110 1926165 1926165 0 0 NEWSPAPER REVENUE 511110 81941 0 81941 0 2008106 98307 0 0 98307 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 2984 0 0 2984 2984 2302008 1926165 81941 101291 X 1000 1000 0 0 0 158629 0 158629 0 0 405897 7643 398254 0 0 123799 2331 121468 0 0 122819 122819 0 0 35026 34316 710 0 0 0 0 0 173718 153127 20591 0 0 395128 342271 52857 0 1157 0 1157 0 0 731659 694949 36710 0 4579 644 3935 0 0 789 0 789 0 3886 3886 0 0 0 266011 260725 5286 0 6387 3304 3083 0 COMMUNITY DEVELOPMENT COSTS 69218 69218 0 0 MISC ADMINISTRATION EXPENSES 23678 0 23678 0 NEWSPAPER PRODUCTION COSTS 29150 29150 0 0 MISCELLANEOUS 5538 4237 1301 0 2558068 1729620 828448 0 0 0 8377419 771469 0 69600 262057 158167 0 0 0 0 0 0 0 0 199993 225208 7919254 3333892 3191957 4585362 0 6054846 0 0 0 0 0 0 143558 164971 12174984 12029623 66517 76179 0 0 0 3186 0 0 143558 164971 0 0 1093863 1066415 0 0 183844 271827 1487782 1582578 X 10687202 10447045 0 0 10687202 10447045 12174984 12029623 -256060 15903 X false true X true false X X 9 MONTEFIORE MEDICAL CENTER 131740114 3 true 0 0 MONTEFIORE NEW ROCHELLE HOSPITAL 462931956 3 true 0 0 MONTEFIORE MOUNT VERNON HOSPITAL 462916938 3 true 0 0 SCHAFFER EXTENDED CARE CENTER 462929888 3 true 0 0 MONTEFIORE NYACK HOSPITAL 131740119 3 true 0 0 WHITE PLAINS HOSPITAL MEDICAL CENTER 131740130 3 true 0 0 THE WINIFRED MASTERSON BURKE REHABILITATION HOSPITAL 131739937 3 true 0 0 ST LUKE'S CORNWALL HOSPITAL 141340054 3 true 0 0 ALBERT EINSTEIN COLLEGE OF MEDICINE 830621846 2 true 0 0 9 0 0 false false false false true true true false false false false false false false false false false true false Schedule A, Part IV, Section A., Line 1 The organization's supported entities are not listed by name in the organization's governing documents. The governing documents list the parent company by name, Montefiore Medicine Academic Health System, and then designates the supported entities as the not-for-profit hospitals, healthcare providers, medical school and other affiliated entities that are under the direct or indirect control of the parent organization (the forgoing integrated group of affiliates known as the "Montefiore Medicine Academic Health System"). Schedule A, Part IV, Section A., Lines 5a, 5b & 5c During the tax year, a substitution for the supported medical college took place. Albert Einstein School of Medicine, EIN 83-0621846, the educational Corporation merged on January 1, 2019 with Albert Einstein College of Medicine, Inc., EIN 47-2209056, the supported entity, to become the surviving entity of the merger. At the effective time of the merger, the separate corporate existence of the two organizations ceased and the surviving educational corporation assumed all rights to the assets and became liable for all obligations and debts of the constitute corporations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 457205 457205 7329044 3222234 4106810 133005 111658 21347 4585362 0 DUE TO MONTEFIORE MEDICAL CTR 271827 271827 SCHEDULE D, PART IV, LINE 2B The Corporation has collected security deposits equal to approximately one month's rent which are held pursuant to the individual lease agreements between the tenants and the Corporation. These deposits are returned to the tenants once they vacate the apartment, less any amounts due from the tenant for damages or unpaid rent. false false false false false false false true false SHEILA E MCGRATH DIRECTOR/SECRETARY 0 165535 0 25000 0 120 0 13537 0 28090 0 232282 0 0 JOHN WUNSCH Treasurer (Resigned 6/30/19) 0 116205 0 45000 0 34433 0 9808 0 15526 0 220972 0 0 DAVID FRIEDMAN DIRECTOR 0 209248 0 13000 0 856 0 17000 0 29608 0 269712 0 0 Edward Pfleging Director - Ex-Officio 0 810845 0 100000 0 22034 0 17000 0 28814 0 978693 0 0 Richard Chandler Director (Effective 3/25/19) 0 313524 0 0 0 6000 0 8769 0 6363 0 334656 0 0 Schedule J, Part I, Line 7 The organization paid a director a discretionary bonus. PART V, LINE 2A ALL EMPLOYEES ARE PAID BY MONTEFIORE MEDICAL CENTER, EIN 13-1740114, THE COMMON PAYMASTER. MONTEFIORE MEDICAL CENTER ISSUES ALL FORMS W-2 AND FILES ALL FEDERAL EMPLOYMENT TAX RETURNS RELATING TO THESE INDIVIDUALS. SALARIES ARE ALLOCATED TO MOSHOLU PRESERVATION CORPORATION BASED ON the INDIVIDUALS EMPLOYED at this organization. Part VI, Section A, Line 4 Mosholu Preservation Corporation corrected it Bylaws in March 2019 to give the nominating authority of the Board back to Montefiore Medical Center, effective as of September 13, 2017. PART VI, SECTION A, LINEs 7A MONTEFIORE Medical Center hAS THE authority to nominate a majority of the members OF THE GOVERNING BODY OF MOSHOLU PRESERVATION CORPORATION. PART VI SECTION B LINE 11B THE FORM 990 WAS PREPARED BY THE FINANCE DEPARTMENT OF MONTEFIORE MEDICAL CENTER. THE FORM 990 WAS REVIEWED AND APPROVED BY MONTEFIORE MEDICAL CENTER'S CORPORATE CONTROLLER AND 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 DIRECTORS OF MOSHOLU PRESERVATION CORPORATION FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING. 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'S COUNSEL. MOSHOLU PRESERVATION CORPORATION'S BOARD OF DIRECTORS ADOPTED THE POLICY OF MONTEFIORE MEDICAL CENTER. THE POLICY STIPULATES THAT THE GENERAL APPROACH WHEN A POTENTIAL CONFLICT OF INTEREST 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 APPROPRIATE ACTIONS, INCLUDING ADVISING MOSHOLU PRESERVATION CORPORATION'S BOARD OF DIRECTORS REGARDING PARTICULAR CONFLICTS OF INTEREST. PART VI, SECTION B, LINES 15 A AND B THE ORGANIZATIONS CHAIRMAN/DIRECTOR IS NOT COMPENSATED BY THE ORGANIZATION OR ANY RELATED ORGANIZATION. ALL OFFICERS AND NON-INDEPENDENT DIRECTORS ARE EMPLOYED AND PAID BY EITHER MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC. OR MONTEFIORE MEDICAL CENTER. MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC. (WHICH INCLUDES MONTEFIORE MEDICAL CENTER) 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 OFFICERS AND certain KEY EMPLOYEES of the Health System. ALL DECISIONS MADE BY THE COMPENSATION COMMITTEE ARE APPROPRIATELY AND TIMELY DOCUMENTED IN 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 DIRECTORS WITH A DESCRIPTION OF THE COMMITTEE'S REVIEW AND APPROVAL PROCESS AND ITS DECISIONS. PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Part IX, Lines 8, 9 & 10 Concerning Employee Benefits Allocation: All employees benefit costs, including pension and payroll taxes, for the organization are charged to Montefiore Medical Center. The Medical Center, in turn, assesses the organization for a composite rate based on salaries for all benefit costs. The organization's assessment for employee benefits is reflected on line 9, other employee benefits, of Part IX that includes cost for both pension and payroll taxes. MONTEFIORE MEDICINE ACADEMIC HEALTH SYST 555 SOUTH BROADWAY BLGD A FL 1 TARRYTOWN NY 10591 471582973 SYSTEM PARENT NY 501(C)(3) 12b TYPE II NA true ALBERT EINSTEIN COLLEGE OF MEDICINE INC 1300 MORRIS PARK AVENUE Bronx NY 10461 472209056 MED COLLEGE NY 501(C)(3) 2 MMAHS true AECOM STUDENT HOUSING CO INC 1300 MORRIS PARK AVENUE Bronx NY 10461 237075620 STUDENT HOUS NY 501(C)(2) AECOM true MONTEFIORE FOUNDATION 111 East 210th Street Bronx NY 10467 471600439 INACTIVE NY 501(C)(3) 7 MMAHS true MONTEFIORE HEALTH SYSTEM INC 555 SOUTH BROADWAY BLDG A FL 1 TARRYTOWN NY 10591 201615393 SUPPORT SERVC NY 501(C)(3) 12b TYPE II MMAHS true MONTEFIORE MEDICAL CENTER 111 EAST 210TH STREET BRONX NY 10467 131740114 ACD MED CTR NY 501(C)(3) 3 MHS 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 NYACK HOSPITAL 160 NORTH MIDLAND AVENUE NYACK NY 10960 131740119 HOSPITAL NY 501(C)(3) 3 MHS true Montefiore NYACK HOSPITAL FOUNDATION 160 NORTH MIDLAND AVENUE NYACK NY 10960 133245804 FUNDRAISING NY 501(C)(3) 7 NYACK HOSP 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 CTR FOUNDATION INC 41 EAST POST Rd DAVIS AVE WHITE PLAINS NY 10601 133281507 FUNDRAISING NY 501(C)(3) 12a TYPE I WPHMC 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 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 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 ST LUKE'S CORNWALL HEALTH SYSTEM FDN 70 DUBOIS STREET NEWBURGH NY 12550 223026263 FUNDRAISING NY 501(C)(3) 7 SLCHS true AMOS AND SARAH HOLDEN HOME 70 DUBOIS STREET NEWBURGH NY 12550 141365995 ASST LIVING NY 501(C)(3) PF SLCHS true MMC CORPORATION 111 EAST 210TH STREET BRONX NY 10467 133430322 REAL ESTATE 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 MMC RESIDENTIAL CORP I INC 3411 WAYNE AVENUE BRONX NY 10467 911943271 STAFF HOUSING NY 501(C)(2) MMC true MONTEFIORE HOSP HOUSING SECTION II INC 3450 WAYNE AVENUE BRONX NY 10467 237160641 STAFF HOUSING NY 501(C)(2) MMC true MONTEFIORE CERC OPERATIONS INC 111 EAST 210TH STREET BRONX NY 10467 474853506 REHAB CENTER NY 501(c)(3) 3 MMC 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 MGMT SERVICES NY NA C CORP true The Montefiore IPA Inc 111 East 210th Street Bronx NY 104672401 134114915 INTEG PROVR ASSOC 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 No1 Inc 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 INNOVATIONS INC 111 EAST 210TH STREET BRONX NY 104672401 475106910 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 HUDSON VALLEY IPA INC 111 EAST 210TH STREET BRONX NY 104672401 383978087 Integ Provr Assoc NY NA C CORP true 8 LONGVIEW DEVELOPMENT CORPORATION DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 263321278 HOUSING NY NA C CORP true DAVIS AVENUE CORP DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 133331643 Property holding NY NA C CORP true CANCER AND BLOOD MEDICAL SVCS OF NY PC 41 EAST POST ROAD WHITE PLAINS NY 106014607 462021804 HEALTHCARE SERV NY NA C CORP true WHITE PLAINS MEDICAL DIAGNOSTIC SVCS PC 41 EAST POST ROAD WHITE PLAINS NY 106014607 453164626 HEALTHCARE SERV 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 10601 133331641 Property holding 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 Avenue at East Post RD WHITE PLAINS NY 106014615 815309615 Healthcare Serv NY NA C CORP true CRHT ACQUISITION INC 555 SOUTH BROADWAY BLDG A FL 1 TARRYTOWN NY 10591 815220651 HOLDING COMPANY NY NA C CORP true QUANTUM BIOTHERAPEUTICS LLC 111 EAST 210TH 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 Services 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 Acquisition Corp 111 East 210th Street Bronx NY 104672401 833394059 Holding Company NY NA C corp true false false false false false false false false false false false false false false false true false false false MONTEFIORE MEDICAL CENTER P 674740 COST