2020-11-11T14:09:47-06:00 2019-12-31 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2019-01-01 201615393 MONTEFIORE HEALTH SYSTEM INC % EVAN RESNICK MONT 9143498455 555 SOUTH BROADWAY BLDG A FL 1 TARRYTOWN NY 105916301 COLLEEN M BLYE EXEC. VP & CFO 7189207602 2020-10-27 true NICOLE M SOKOLOWSKI P01683199 2127733000 108.206.163.59 26308520203165000016 2020-11-11 P 24558E047A149CE0743DDA4F89040DC2FD5B7974 770194AAF055F9EA87E64CA02E08FE540289067F 2019 2021-01-29 14:40:06Z PHILIP O OZUAH MD PhD 111 EAST 210TH STREET BRONX NY 104672401 308553187 false X MONTEFIOREHEALTHSYSTEM.ORG X 2004 NY To heal, to teach, to discover and to advance the health of the communities we serve. 45 44 929 0 5436757 -932057 0 23887296 319376479 280600418 4419161 3996267 41873 69206 323837513 308553187 6750 4883 0 0 130432412 155539026 0 0 0 113408746 157465649 243847908 313009558 79989605 -4456371 747563227 705121118 172010593 149298609 575552634 555822509 X TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. MONTEFIORE BUILDS UPON OUR RICH HISTORY OF MEDICAL INNOVATION AND COMMUNITY SERVICE TO IMPROVE THE LIVES OF THOSE IN OUR CARE. OUR MISSION IS EXEMPLIFIED IN OUR EXCEPTIONAL, COMPASSIONATE CARE AND DEDICATION TO IMPROVE THE WELL-BEING OF THOSE WE SERVE. false false 110608146 3133 136232352 Montefiore Information Technology (MIT), EIN 13-4179243, is a disregarded entity of Montefiore Health System, Inc. MIT was organized primarily to provide information technology consulting services to the member organizations of the Health System. Montefiore Medical Center, the University hospital for Albert Einstein College of Medicine and a member organization of the Health System, is one of healthcare's most wired hospitals, widely recognized for its ability to adopt new technology to support clinical care, patient safety and privacy, infrastructure, business and administrative management and the continuum of care. Our expects are continuously working to deploy new technologies and define new business practices as we provide stakeholders across the institution with the resources needed to meet their most difficult challenges. 103575946 0 103339065 Montefiore HMO, LLC ("MHMO"), a New York limited liability company, is a disregarded entity of Montefiore Health System, Inc. and operates as a managed long term care plan (MLTCP) within the New York State counties of Westchester and the Bronx. MHMO contracts with the New York State Department of Health (NYSDOH) to provide Medicaid health and long-term care services to chronically ill or disabled individuals who require more than 120 days of continuous care. Montefiore HMO provides and coordinates services designed to keep members living in their own homes. The plan arranges for and pays certain health and social services, including Care Management, home healthcare, consumer-directed personal care, nursing services, rehabilitation, dental and other personal services. In 2019, Montefiore HMO managed 20,343 member months of contracted long term care. 59386371 1750 36393777 Montefiore Health System, Inc. serves as the direct parent or indirect parent corporation operating in furtherance and support of Montefiore Medical Center, Montefiore New Rochelle Hospital, Montefiore Mount Vernon Hospital, Schaffer Extended Care Center, Montefiore Nyack Hospital, White Plains Hospital Medical Center, The Winifred Masterson Burke Rehabilitation Hospital, St Luke's Cornwall Health System, Inc. as well as the other not-for profit and for-profit entities that have been formed in connection with the charitable, educational and scientific purposes, missions, and objectives of the Corporation and the Montefiore Health System. Montefiore Health System's objective is to improve and enhance the general health and well-being of the communities it serves by providing various governance and support services to the constituent entities of the Health System. 1784867 0 4635224 275355330 true false false false false false false false false false true false true 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 true true true true false false true 23 0 true 929 true true true false false false false false false false false false true false X 45 44 false false false false true true false true true false false true true true true true true false true true true NY X EVAN RESNICK 9143498455 555 SOUTH BROADWAY BLDG A FL 1 TARRYTOWN NY 105916301 X Steven M Safyer MD CEO (Resigned 11/14/2019) 2.0 58.0 X 0 8635569 8197338 Philip O Ozuah MD President & CEO (eff 11/15/19) 2.0 58.0 X X 0 7058335 43570 Lynn Richmond Exec VP-CSO(Resigned 11/14/19) 2.0 58.0 X 0 3618743 40261 Colleen Blye Exec VP & CFO 5.0 55.0 X 0 1815150 710037 Andrew Racine MD P SVP & Chief Medical Officer 0.0 60.0 X 2211370 0 46446 Susan Green-Lorenzen System Senior VP-Operations 2.0 58.0 X 2209892 0 44220 Christopher Panczner Assistant Secretary 2.0 58.0 X 0 1270367 26913 Stephen Rosenthal SVP-Net Population Health Mgmt 0.0 60.0 X 1037312 0 46270 Jeffrey Menkes SYS SVP-Sys Network Management 0.0 60.0 X 1034428 0 17000 John Wolf SVP & CIO 60.0 0.0 X 801436 0 46446 Ann Esposito SVP - Shared Services 0.0 60.0 X 645101 0 33470 Oded Aboodi Vice Chairman & Treasurer 0.5 2.0 X 0 0 0 Jay B Abramson Trustee 0.5 2.0 X 0 0 0 Margaret Hayes Adame Trustee (passed 04/27/19) 0.25 1.5 X 0 0 0 Patricia Bauman Trustee 0.25 1.0 X 0 0 0 Barry S Blattman Trustee 0.5 2.0 X 0 0 0 James M Butler CHAIRMAN 0.75 3.75 X 0 0 0 Melissa Ceriale Trustee 0.5 2.0 X 0 0 0 Bruce Doniger Trustee 0.25 1.0 X 0 0 0 Roger Einiger Trustee 0.25 2.25 X 0 0 0 Jennie Emil Trustee 0.25 1.0 X 0 0 0 Nathan Gantcher Trustee 0.25 2.25 X 0 0 0 Ruth L Gottesman Ed Trustee 0.25 2.0 X 0 0 0 Barry W Gray Trustee 0.25 1.0 X 0 0 0 Patricia Green Trustee 0.25 1.0 X 0 0 0 Thomas L Harrison Trustee 0.25 1.0 X 0 0 0 John Heffer Trustee 0.5 2.0 X 0 0 0 Lewis Henkind Trustee 0.25 2.0 X 0 0 0 Helen A Johnson Trustee 0.5 1.5 X 0 0 0 David B Keidan Trustee 0.25 1.0 X 0 0 0 Alan M Klein Trustee 0.75 2.75 X 0 0 0 Catherine Klema Trustee 0.5 2.0 X 0 0 0 Stacey R Lane Trustee 0.5 2.0 X 0 0 0 Jay B Langner Trustee 0.25 1.0 X 0 0 0 Jonathan A Lipton Trustee 0.25 1.25 X 0 0 0 Margaret S Nathan Trustee 0.25 1.0 X 0 0 0 Matthew H Nord Trustee 0.25 1.25 X 0 0 0 Gayle F Robinson Trustee 0.25 1.0 X 0 0 0 Zita G Rosenthal Trustee 0.25 1.0 X 0 0 0 Jon W Rotenstreich Trustee 0.25 1.0 X 0 0 0 Hon Felicia K Shea Trustee 0.25 1.0 X 0 0 0 Edwin H Stern III Trustee 0.25 1.0 X 0 0 0 Michael A Stocker M Trustee 0.5 3.0 X 0 0 0 David A Tanner TRUSTEE 0.25 1.25 X 0 0 0 Cynthia King Vance Trustee 0.5 2.0 X 0 0 0 Michael Diviney Trustee 1.0 4.0 X 0 0 0 Laurence Smith trustee 1.0 4.0 X 0 0 0 Susan Yubas Trustee 1.0 3.0 X 0 0 0 Joel Braun Trustee 0.25 1.0 X 0 0 0 Emanuel Chirico Trustee 0.5 1.5 X 0 0 0 W Norman Milner Trustee 0.25 1.0 X 0 0 0 Alisa R Doctoroff Trustee 0.25 1.25 X 0 0 0 John P Gutfreund Trustee 0.25 1.0 X 0 0 0 Ronald L Moelis Trustee 0.25 1.0 X 0 0 0 Alan N Suna Trustee 0.25 1.0 X 0 0 0 Daniel R Tishman trustee 0.25 3.0 X 0 0 0 7939539 22398164 9251971 510 false true false Accenture LLP 161 North Clark Street CHICAGO IL 60601 consulting services 2381797 Empire Office Inc PO Box 27752 NEW YORK NY 10087 Construction service 1531363 Ernst Young LLC PO Box 640382 PITTSBURGH PA 15264 Audit Services 1246451 Park Hudson 212 West 35th Street NEW YORK NY 10001 IT Consulting 660222 Infor US Inc NW 7418 PO Box 1450 MINNEAPOLIS MN 55485 Sys Implementation 500000 15 23887296 23887296 INFORMATION TECHNOLOGY SERVICES 541610 136232352 130795595 5436757 0 MANAGED LONG TERM HOME HEALTH CARE SERV 621610 103210167 103210167 0 0 INTERCOMPANY SHARED SERVICES 561490 19244505 19244505 0 0 MEMBERSHIP DUES 561000 17149272 17149272 0 0 RENTAL INCOME FROM EXEMPT AFFILIATES 531120 4635224 4635224 0 0 128898 128898 0 280600418 3996267 0 0 3996267 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 REBATES 900099 69007 0 0 69007 MISCELLANEOUS 900099 199 0 0 199 69206 308553187 275163661 5436757 4065473 X 4883 4883 0 0 0 1957077 1957077 0 0 0 117509222 94997907 22511315 0 0 29264498 23878413 5386085 0 6808229 5313373 1494856 0 12360692 12360692 0 0 58674 48875 9799 0 1927616 0 1927616 0 0 0 0 0 0 0 19118627 17914696 1203931 0 45441 34462 10979 0 722406 571098 151308 0 9519315 8611125 908190 0 0 11988318 9799488 2188830 0 1250562 994054 256508 0 0 430866 348909 81957 0 5697155 5697155 0 0 0 1750173 1737497 12676 0 92027 92027 0 0 MEDICAL CLAIM EXPENSES 90821025 90821025 0 0 INTERCOMPANY SHARED SERVICES 884370 0 884370 0 EXCISE TAX 407661 0 407661 0 SEVERANCE 187758 0 187758 0 202963 172574 30389 313009558 275355330 37654228 0 630 517 53411999 48859580 0 0 517514 1647676 0 0 0 0 66794193 54974526 0 0 1270697 3738505 61313621 12224864 45582928 49088757 0 0 0 4427557 546664000 542384000 0 0 33321266 0 747563227 705121118 40327509 45790362 0 0 33000 0 0 0 0 0 0 0 0 0 0 0 131650084 103508247 172010593 149298609 X 543703634 529409509 31849000 26413000 575552634 555822509 747563227 705121118 X -4456371 -15273754 X false true X true true true X X 8 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 4584000 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 8 4584000 0 true false false false false true false false false false false false false false false false Schedule A, Part IV, Section A, Line 6 During 2019, de minimus contributions in the amount of $2,500 was made to various 501(c)(3) organizations as support for the communities served by the Montefiore Health System. Schedule A, Part IV, Section C, Line 1 The Corporation satisfied the criteria for Type II supporting organization status during its 2019 tax year as follows. With respect to most of the Corporation's supported organizations, the Corporation satisfied the Type II relationship because a majority of its Trustees also comprised a majority of the Directors or Trustees of those supported organizations. With respect to four of the Corporation's supported organizations, the Corporation did not have such majority Board overlap, but the Corporation satisfied the requirement in other ways. The instructions to Schedule A provide that "there must be common supervision or control by the persons supervising or controlling both the supporting organization and the supported organization(s) to ensure that the supporting organization will be responsive to the needs and requirements of the supported organization(s). This relationship is most clearly established when the same persons serve as all or a majority of the directors or trustees of all of the organizations involved. However, there may be other ways to establish this relationship." In this regard, the Internal Revenue Manual, in section 7.26.5.2.2.1 (03-30-1999), provides that that: "If fewer than a majority of the persons have the "requisite commonality" ...other facts and circumstances... must clearly demonstrate that the supporting organization can and will be responsive to the needs or demands of each publicly supported organization and can and will be an integral part of, or maintain a significant involvement in, the operations of each supported organization." The corporation is an integral part of and maintains significant involvement in the operations of these four supported organizations, and is under common supervision or control with such supported organizations sufficient to ensure that the Corporation is responsive to their needs. The facts and circumstances demonstrating as much include the following: First, there is common supervision and control by virtue of the fact that two senior executives of the Corporation serve on the Board of Trustees of each of the two supported organizations. This overlap ensures regular communication of the needs of the supported organizations to the corporation so that it can be responsive to those needs. Section 7.26.5.2.2.1 of the Internal Revenue Manual provides, for purposes of the Type II relationship, that common control "does not require that the 'same persons' hold identical positions in each and every publicly supported organization. For example, if the chief operating officer of the hospital sat on the board of the holding company, that person would be considered a person vested with control or management of both organizations even though he or she held different positions in each." The structure of overlapping Boards and executive participation on supported organization Boards was designed to facilitate regular communication and to foster operating on a coordinated basis consistent with the objective of being a highly integrated and efficient healthcare system. Second, the nature of the Corporation's purposes and activities demonstrated that the Corporation is necessarily responsive to the needs or demands of each of its supported organizations and that it is an integral part of, and maintains significant involvement in, the operations of each supported organization. The Corporation was formed to serve as the parent entity of the hospitals and other healthcare providers within the Montefiore Health System and, in such capacity, it oversees, supervises and coordinates their missions, governance, policy making, resource allocation and strategic planning, and provides other forms of support for their benefit. Third, the Corporation is an integral part of and involved in the operations of the four supported organizations by virtue of the Corporation's status as their sole corporate member. In such capacity, the corporation has various reserved powers over and roles with respect to the supported organizations including relating to the appointment of the respective Boards of the supported organizations. Through this power in particular, the Corporation can ensure that the Corporation continues to maintian a direct presence, through Board representation, on each of the supported organization's Boards, so as to enable the Corporation to be aware of and responsive to the needs of the supported organizations. In its capacity as the sole member, the Corporation is also aware of and/or involved with key activities, operations and needs of the supported organizations, such as capital needs and strategic plans. Fourth, as part of the same integrated healthcare system as the corporation, the management and staff of the four supported organizations operates in close coordination with the management and staff of the corporation on a regular basis as a practical matter. In particular, there is generally regular coordination and interaction among the Boards, officers, and other leadership of all of the entities within the Montefiore Health System. There are also increasing shared support services among the four supported organizations and the Montefiore Health System, consistent with the objective of operating as a clinically integrated nonprofit health system. 39970000 39970000 15260479 10439128 4821351 1873988 1785736 88252 4209154 0 4209154 49088757 INVESTMENT-NYACK HOSPITAL 9007000 F INVESTMENT-WHITE PLAINS HOSP 457290000 F INVESTMENT-ST LUKE'S HOSPITAL 25200000 F INVESTMENT-BURKE REHAB HOSP 50887000 F 542384000 0 INTERCOMPANY NOTES PAYABLE 101451435 DUE TO AFFILIATES 2056812 103508247 true true false false false false false true false Philip O Ozuah MDPhD President & CEO (eff 11/15/19) 0 2192717 0 3287300 0 1578318 0 17000 0 26570 0 7101905 0 0 Christopher Panczner Assistant Secretary 0 903133 0 321200 0 46034 0 17000 0 9913 0 1297280 0 0 Andrew Racine MD PhD SVP & Chief Medical Officer 1131588 0 413000 0 666782 0 17000 0 29446 0 2257816 0 0 0 Stephen Rosenthal SVP-Net Population Health Mgmt 913262 0 100000 0 24050 0 17000 0 29270 0 1083582 0 0 0 Susan Green-Lorenzen RN System Senior VP-Operations 1091431 0 397700 0 720761 0 17000 0 27220 0 2254112 0 0 0 Lynn Richmond Exec VP-CSO(Resigned 11/14/19) 0 1028990 0 529100 0 2060653 0 16346 0 23915 0 3659004 0 1918556 Jeffrey Menkes SYS SVP-Sys Network Management 509100 0 500000 0 25328 0 17000 0 0 0 1051428 0 0 0 Colleen Blye Exec VP & CFO 0 1154118 0 660000 0 1032 0 698856 0 11181 0 2525187 0 0 Steven M Safyer MD CEO (Resigned 11/14/2019) 0 2019153 0 2082300 0 4534116 0 8170157 0 27181 0 16832907 0 0 John Wolf SVP & CIO 642186 0 135200 0 24050 0 17000 0 29446 0 847882 0 0 0 Ann Esposito SVP - Shared Services 438948 0 100000 0 106153 0 8452 0 25018 0 678571 0 0 0 Schedule J, Part I, Lines 4a Ann Esposito, one of the highest paid by the organization, received a severance payment of $74,712 that is included in the total reported in column B(III) for her other compensation. Steven Safyer, M.D., Chief Executive Officer and a trustee, received severance in the amount of $8,393,621 from a related organization. $239,156 of this amount was received in 2019 and is reflected in the total reported for column (B)(III) other compensation. The remainder of the severance is to be paid over the next two years and is included in the deferred compensation reported in column (C). Schedule J, Part I, Lines 3, 4B & Part II - Columns (B)(I), (II) & (III) AS IT RELATES TO COMPENSATION FROM MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC. AND MONTEFIORE HEALTH SYSTEM, INC. for all officers and key EMPLOYEES: THE COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL FORMS of compensation AND BENEFITS PROVIDED TO EACH EXECUTIVE 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 position 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. OTHER REPORTABLE COMPENSATION IN COLUMN B(III) INCLUDES DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. 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. POOLED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DISTRIBUTIONs based on multiple years of service: Steven Safyer, M.D. - $3,797,607 Susan Green-Lorenzen, R.N. - $698,175 Philip O. Ozuah, M.D., PH.D - $1,420,693 Andrew Racine, M.D., Ph.D - $642,732 Lynn Richmond - $2,040,314 ($1,918,556 of this amount was reported as accrued benefits in prior years). SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ACCRUED AND UNPAID SERVICE costs: COLLEEN BLYE - $681,856. Schedule J, Part I, Line 7 Part of the annual incentive awards in column (B)(ii) paid by the organization to a key employee and the five highest compensated were based either on The Compensation Board or management discretion. Form 990, Part III, Line 4D Montefiore SS Holdings, LLC, Montfiore MV Holdings, LLC and Montefiore HA Holdings, LLC, disregarded entities of Montefiore Health System, Inc., are the holding companies established in 2013 to own the land and buildings leased to Montefiore New Rochelle Hospital, Montefiore Mount Vernon hospital and the Schaffer Extended Care Center, respectively. These 501(c)(3) organizations are supported entities of Montefiore Health System, Inc. and are comprised of two hospitals and a nursing Home. Form 990, Part VI, Section A, Line 6 Montefiore Medicine Academic Health System, Inc. is the sole member of Montefiore Health System, Inc. Form 990, Part VI, Section A, Line 7A The Board of Trustees of the Montefiore Medicine Academic Health System, Inc., the sole member of Montefiore Health System, Inc., has the authority to appoint the Board of Trustees of Montefiore Health System, Inc. Form 990, Part VI, Section B, Line 11B The form 990 was prepared by Montefiore's Finance Department with the assistance of various departments. The form 990 was reviewed and approved by the Vice-president-Finance and Montefiore's senior leadership team including the chief financial officer. In addition, an independent accounting firm was engaged to review the form 990. Upon completion of the various reviews, the form 990 was presented to the board of trustees for review and approval before filing. Form 990, Part VI, Section B, Line 12C The organization regularly and consistently monitors and enforces compliance with the disclosure policy by means of a survey form developed by counsel and approved by the Legal and Compliance Committees of the Board of Trustees. The survey is sent to all trustees, officers and key employees for completion. All survey responses are reviewed by the compliance officer. Any potential conflicts identified in the responses are discussed with senior management and/or the Legal and Compliance Committees of the Board of Trustees. Potential actions to be taken in response to a conflict would be one or more of the following: 1)Disclosure of conflict; 2)Individual recusal from decisions for transactions where that individual may have a conflict; 3) Request the individual to alleviate the conflict; or 4)Removal of the individual from the Board of Trustees. Form 990, Part VI, Section B, line 15A & Line 15B Montefiore is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best coorporate governance. The Board of Trustees has charged the compensation commmittee 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 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 conflicts of interest policy, governing documents and Montefiore Health System's Audited consolidated financial statements are made available upon request. Form 990, Part VII, Column (B) The five highest compensated by the organization time is allocated back to the Health System's affiliate organizations based on estimated time spent on the related organizatons. Expenses are reimbursed back to the Health System based on membership fees assessments. Form 990, Part IX, Lines 8, 9 & 10 Concerning Employee Benefits Allocation: All employees benefit costs, including pension and payroll taxes, for the system's parent organizations are charged to Montefiore Medical Center. The Medical Center, in turn, assesses the parent organizations for a composite rate based on salaries for all benefit costs. The organization's assessment for employee benefits is reflected on line 9, Other Employees Benefits, of Part IX that includes cost for both pension and payroll taxes. Line 9 cost for reported payroll taxes is the expense for a disregarded entity that is not included in Montefiore's composite rate. Form 990, Part XI, Line 9 The Other decrease in net assets of $15,273,754 was due to an intercompany Equity transfers of $37,457,167 to fund a Healthcare investment for $27,250,000 and extinguish intercompany debts for $20,044,921 and to record a $5,436,000 donor restricted equity loss from an affiliate. Montefiore SS Holdings LLC 111 East 210th Street Bronx NY 10467 320412092 Holding Comp NY 3695762 29615405 MHS Montefiore MV Holdings LLC 111 East 210th Street Bronx NY 10467 352478922 Holding Comp NY 435864 9647278 MHS Montefiore HA Holdings LLC 111 East 210th Street Bronx NY 10467 900995466 Holding Comp NY 503598 4576166 MHS Montefiore HMO LLC 111 East 210th Street Bronx NY 10467 383880401 Managed Care NY 104215523 45461868 MHS Montefiore Information Technology LLC 3 Odell Plaza Yonkers NY 10701 134179243 IT NY 136235354 8092271 MHS Montefiore Medical Center 111 East 210th Street Bronx NY 10467 131740114 ACD MED CTR NY 501(c)(3) 3 MHS true MMC Corporation 111 East 210th Street Bronx NY 10467 133430322 Real Estate 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 Mosholu Preservation Corporation 3400 Resevoir 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 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 ACADEMIC HEALTH SYST 555 South Broadway BLDG A FL 1 Tarrytown NY 10591 471582973 System Parent NY 501(c)(3) 12B Type II NA true Montefiore Nyack Hospital 160 North Midland Avenue Nyack NY 10960 131740119 Hospital 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 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 White Plains Hospital Ctr FoundationInc 41 East Post Rd Davis Ave White Plains NY 10601 133281507 Fundraising NY 501(c)(3) 12A type I WPHMC 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 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 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 10467 133877781 Mgmt Services NY na C Corp true The Montefiore IPA Inc 111 East 210th Street Bronx NY 10467 134114915 Integ Provr Assoc NY na C Corp true MMC GI Holdings East Inc 111 East 210th Street Bronx NY 10467 721610013 Holding Company NY na C Corp true MMC GI Holdings West Inc 111 East 210th Street Bronx NY 10467 721610015 Holding Company NY na C Corp true Montefiore Behavioral Care IPA NO 1 Inc 111 East 210th Street Bronx NY 10467 133952750 Integ Provr Assoc NY na C Corp true Bronx Accountable Care Network IPA Inc 111 East 210th Street Bronx NY 10467 300689571 Integ Provr Assoc NY na C Corp true Montefiore Consolidated Ventures Inc 111 East 210th Street Bronx NY 10467 611728539 Holding Company NY MHS C Corp -18494411 1192985190 1.00000 true Montefiore Insurance Company Inc 111 East 210th Street Bronx NY 10467 320436594 Inactive NY MHS C Corp 0 0 1.00000 true Hudson Valley IPA Inc 111 East 210th Street Bronx NY 10467 383978087 integ provr assoc NY na c corp true Montefiore Innovations Inc 111 East 210th Street Bronx NY 10467 475106910 holding company NY na C corp true HIGHLAND MEDICAL PC 160 NORTH MIDLAND AVENUE 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