2018-10-24T10:09:26-05:00 2017-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2017-01-01 204352212 THE HEBREW HOME FOR THE AGED AT RIVERDALE FOUNDATION INC HEBR 7185811000 5901 PALISADE AVENUE BRONX NY 10471 LUZ LIEBESKIND CFO/ASST. SECRETARY/TREASURER 7185811000 2018-10-23 1 AARON SHAPIRO P01333816 2128674000 64.22.227.161 2018-10-24 11:04:30 ED P 4275C7E7C8129915C35F764424C97B97C01C68F2 82FF71277CCFCE0526AA11C39E3CDADE20CEB2CB 2017 2018-06-14 16:35:46Z DANIEL REINGOLD 5901 PALISADE AVENUE BRONX NY 10471 44034479 0 X WWW.RIVERSPRINGHEALTH.ORG X 2006 NY TO PROVIDE ASSISTANCE TO PROGRAMS FOR THE ELDERLY IN THE NEW YORK AREA. 9 9 7 9 0 0 2553349 10673965 0 0 731455 3435082 -375951 -611736 2908853 13497311 138663 7641068 0 0 466377 488469 0 0 660017 744486 753412 1349526 8882949 1559327 4614362 73624055 83382766 13266696 18275574 60357359 65107192 X SEE SCHEDULE O. 0 0 7925887 7641068 HEBREW HOME FOR THE AGED AT RIVERDALE FOUNDATION, INC. PROVIDES ASSISTANCE TO PROGRAMS FOR THE ELDERLY IN THE NEW YORK AREA. 7925887 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 7 1 0 1 CJ 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LUZ LIEBESKIND 7185811000 5901 PALISADE AVENUE BRONX NY 10471 X JEFFREY S MAURER CHAIRMAN 1.00 8.00 X X 0 0 0 JOSEPH WYGODA TREASURER & SECRETARY 1.00 8.00 X X 0 0 0 ANDREW GAINES TRUSTEE 1.00 5.00 X 0 0 0 ISADORE KREEL MD TRUSTEE 1.00 4.00 X 0 0 0 RICHARD S LANE TRUSTEE 1.00 3.00 X 0 0 0 KENNETH S LAZAR TRUSTEE 1.00 3.00 X 0 0 0 BURTON P RESNICK TRUSTEE 1.00 3.00 X 0 0 0 JAMES SHIFREN TRUSTEE 1.00 5.00 X 0 0 0 THOMAS S ROGERS TRUSTEE 1.00 3.00 X 0 0 0 DANIEL REINGOLD PRESIDENT, CEO 1.00 34.00 X 0 1392000 51919 LUZ LIEBESKIND CFO/ASST. SECRETARY/TREASURER 1.00 34.00 X 0 487790 47690 DAVID POMERANZ CHIEF OPERATING OFFICER 1.00 34.00 X 0 947279 94735 0 2827069 194344 3 0 1 0 KRAMER LEVIN NAFTALIS AND FRANKEL LLP 1177 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL 268680 THE AMERICAN MUSEUM OF NATURAL HISTORY CENTRAL PARK WEST 79TH ST NEW YORK NY 10024 CATERING AND EVENT 253427 EVENTUS STRATEGIC PARTNERS 1600 MARKET ST SUITE 1702 PHILADELPHIA PA 19103 DEVELOPMENT CONSULTANT 253258 PERKINS EASTMAN ARCHITECTS PC 115 5TH AVENUE NEW YORK NY 10011 ARCHITECTURE 218204 LOVE & COMPANY 1209 N EAST ST FREDERICK MD 21701 MARKETING & SALES CONSULTANT 210727 9 2953171 7720794 10673965 823040 823040 32367214 29755172 2612042 2612042 2612042 170260 2953171 781996 -611736 -611736 13497311 0 0 2823346 7641068 7641068 354704 354704 106630 106630 27135 27135 43892 43892 17436 17436 19564 19564 123652 123652 231860 207406 4506 19948 20948 20948 160442 25067 87995 47380 52346 52346 3035 3035 CENTENNIAL ARCHIVE AND 72000 72000 MISCELLANEOUS 8237 8237 8882949 7925887 297045 660017 1280364 324775 774120 4786277 16964210 18825497 115996 122558 22472018 25353385 6637847 7490012 24111600 26480262 1267900 0 73624055 83382766 266696 731710 13000000 13000000 0 4543864 13266696 18275574 X 44420514 48121955 15936845 16985237 60357359 65107192 73624055 83382766 4614362 135471 0 X X 0 1 X 1 0 X 1786999 6146456 2005519 2553349 2673965 15166288 1786999 6146456 2005519 2553349 2673965 15166288 3040929 12125359 67223 48889 183493 665952 823040 1788597 11500 11500 16966385 0.71470 0.71760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER 0 CORPORATE BONDS 2675359 F ABBY ACL ALTERNATIVE 283215 F GOLDENTREE MASTER FUND 849645 F GRAHAM ABSOLUTE RETURN 566430 F MILLENNIUM INTERNATIONAL 1132859 F SCS SPECIAL SITUATIONS 849645 F THIRD POINT 1132859 F 7490012 REAL ESTATE 26480262 F 26480262 DUE TO RELATED PARTIES 4543864 4543864 X 13632782 135471 135471 13497311 0 13497311 1382949 0 1382949 7500000 7500000 8882949 PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER TO AFFILIATE 7,500,000. ANNUAL DINNER 3123431 2953171 170260 253427 158530 25417 344622 3123431 2953171 170260 253427 158530 25417 344622 781996 -611736 1 MONTEFIORE MEDICAL CENTER 111 EAST 210 STREET BRONX NY 10467 131740114 501(C)(3) 15000 GENERAL SUPPORT YOUNG AUDIENCES 171 MADISON AVENUE SUITE 200 NEW YORK NY 10016 131688246 501(C)(3) 7500 GENERAL SUPPORT NEW YORK PRESBYTERIAN FUND 525 EAST 68TH STREET NEW YORK NY 10065 133160356 501(C)(3) 10500 GENERAL SUPPORT HEBREW HOME FOR THE AGED AT RIVERDALE 5901 PALISADE AVENUE RIVERDALE NY 10471 131739971 501(C)(3) 7500000 GENERAL SUPPORT 4 0 PART I, LINE 2: THE ORGANIZATION ONLY GAVE GRANTS TOWARDS FUNDRAISING EVENTS FOR HOSPITALS AND OTHER COMMUNITY PARTNERS THEY WORK WITH, ENSURING THAT THE FUNDS ARE USED FOR THE PROPER PURPOSES. 0 1 0 0 0 0 0 0 0 DANIEL REINGOLD PRESIDENT, CEO 0 770229 0 210000 0 411771 0 24000 0 27919 0 1443919 0 0 LUZ LIEBESKIND CFO/ASST. SECRETARY/TREASURER 0 423918 0 40000 0 23872 0 44325 0 3365 0 535480 0 0 DAVID POMERANZ CHIEF OPERATING OFFICER 0 545268 0 361236 0 40775 0 91260 0 3475 0 1042014 0 0 PART I, LINE 3 THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION. PART I, LINE 4B LUZ LIEBESKIND - $20,548 DAVID POMERANZ - $38,981 FORM 990, PART III, LINE 1 THE HEBREW HOME FOR THE AGED AT RIVERDALE FOUNDATION, INC. (THE FOUNDATION) OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. IT IS THE MISSION OF THE FOUNDATION TO PROVIDE ASSISTANCE AND GRANTS THROUGH THE SOLICITATION, RECEIPT AND DISBURSEMENT OF FUNDS, INCOME AND REAL OR TANGIBLE PERSONAL PROPERTY OBTAINED BY BEQUESTS, GIFTS, DONATIONS, OR OTHERWISE TO THE HEBREW HOME FOR THE AGED AT RIVERDALE, AND ITS AFFILIATES, RIVERDALE TERRACE HOUSING DFC, INC., HEBREW HOME HOUSING DEVELOPMENT FUND COMPANY, INC., THE NATIONAL ALZHEIMER CENTER, INC., RIVERSPRING LICENSED HOME CARE SERVICES AGENCY INC. (FORMERLY KNOWN AS ELDERSERVE LICENSED HOME CARE SERVICES AGENCY INC.), HUDSON HOUSE HOUSING DEVELOPMENT FUND COMPANY, INC. D/B/A HUDSON HOUSE, ELDERSERVE HEALTH, INC. D/B/A RIVERSPRING HEALTH PLANS, AND ANY OTHER ENTITY DEDICATED TO SENIOR CARE OR SENIOR RESEARCH, PROVIDED THE RECIPIENT OF THE ASSISTANCE OR GRANT IS QUALIFIED UNDER SECTION 501(3) OF THE CODE AND SUCH RECIPIENT IS NOT A PRIVATE FOUNDATION PURSUANT TO SECTION 509(A) OF THE CODE. THE FOUNDATION IS PART OF A GROUP OF LONG TERM CARE AFFILIATES UNDER A COMMON BRAND NAME "RIVERSPRING HEALTH". RIVERSPRING HEALTH PROVIDES A FULL RANGE OF CARE SOLUTIONS INCLUDING NURSING HOME CARE, MANAGED LONG TERM CARE, ASSISTED LIVING PROGRAMS, SENIOR HOUSING, REHABILITATION SERVICES AND SPECIALIZED SERVICES SUCH AS ELDER ABUSE PREVENTION AND MEMORY CARE. COLLECTIVELY, RIVERSPRING EMPOWERS OVER 12,000 PATIENTS, RESIDENTS AND MEMBERS TO LIVE FORWARD EVERY DAY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEW THE 990 WITH THE CHIEF FINANCIAL OFFICER AND THE PREPARER, AND REPORTS THEIR FINDINGS TO THE FULL BOARD OF TRUSTEES. THE BOARD OF TRUSTEES THEN REVIEW THE 990 ALONG ANY REPORTS/FINDINGS NOTED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ON A YEARLY BASIS, THE COMPLIANCE OFFICER, WORKING WITH ADMINISTRATION, DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WITH INSTRUCTIONS TO COMPLETE THE FORMS AND RETURN THEM TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER REVIEWS ALL SUBMITTED FORMS AND IDENTIFIES ANY CONFLICTS WHICH NEED TO BE REPORTED, CONSULTING WITH LEGAL COUNSEL, IF NECESSARY. THE COMPLIANCE OFFICER NOTIFIES THE CHAIRMAN OF THE BOARD AND THE CEO OF ANY CONFLICTS SO THAT CONFLICTED INDIVIDUALS APPROPRIATELY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON MATTERS ON WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO AND OFFICERS COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION. THIS PROCESS TAKES PLACE EACH DECEMBER. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII IN 2014 AT AGE 60, MR. REINGOLD BECAME 100% VESTED IN A 457(F) RETIREMENT/PENSION BENEFIT THAT HE EARNED OVER THE THEN 24 YEARS OF SERVICE TO THE ORGANIZATION. THIS BENEFIT WILL BE PAID BEGINNING AUGUST 29, 2015 THROUGH AUGUST 29, 2019 IN ANNUAL AMOUNTS OF $406,623. DUE TO TAXATION RULES, 100% OF THE VALUE OF THE BENEFIT IS REQUIRED TO BE REPORTED AS TAXABLE INCOME. BOTH AN INDPENEDENT ADVISOR AND THE RIVERSPRING COMPENSATION COMMITTEE REVIEWED AND APPROVED THIS BENEFIT, AFFIRMING ITS COMPLIANCE WITH INTERMEDIATE SANCTIONS RULES OF FEDERAL TAX LAW. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HEBREW HOME FOR THE AGED AT RIVERDALE 5901 PALISADE AVENUE RIVERDALE NY 10471 131739971 NURSING HOME NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 HEBREW HOME HOUSING DEVELOPMENT FUND CO INC 5901 PALISADE AVENUE RIVERDALE NY 10471 132956755 HOUSING NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 RIVERSPRING LICENSED HOME CARE SERVICE AGENCY INC 3547 JOHNSON AVENUE BRONX NY 10463 133900644 SERVICE AGENCY NY 501(C)(3) 10 N/A 0 RIVERDALE TERRACE HOUSING DEVELOPMENT FUND COMPANY INC 5901 PALISADE AVENUE RIVERDALE NY 10471 133900256 HOUSING NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 ELDERSERVE HEALTH INC DBA RIVERSPRING HEALTH PLANS 5901 PALISADE AVENUE RIVERDALE NY 10471 800517818 MANAGED CARE CORPORATION NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 RIVERSPRING HEALTH HOLDING CORP 5901 PALISADE AVENUE RIVERDALE NY 10471 270996795 TO SUPPORT HEALTHCARE SERVICES NY 501(C)(3) 12 TYPE I N/A 0 NATIONAL ALZHEIMER'S CENTER INC 5901 PALISADE AVENUE RIVERDALE NY 10471 133403753 TO PROMOTE ALZHEIMER'S CARE NY 501(C)(3) 12 TYPE I RIVERSPRING HEALTH HOLDING CORP 0 HUDSON HOUSE HOUSING DEVELOPMENT FUND CO INC DBA HUDSON HOUSE 5901 PALISADE AVENUE RIVERDALE NY 10471 275547643 HOUSING NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 RIVERSPRING SERVICES CORP 5901 PALISADE AVENUE RIVERDALE NY 10471 461763915 MANAGEMENT COMPANY NY 501(C)(3) 12 TYPE II RIVERSPRING HEALTH HOLDING CORP 0 RIVERSPRING HEALTH SENIOR LIVING INC 5901 PALISADE AVENUE RIVERDALE NY 10471 465584538 SENIOR LIVING NY 501(C)(3) 10 RIVERSPRING HEALTH HOLDING CORP 0 1880 BOSTON ROAD HOUSING DEVELOPMENT 5901 PALISADE AVENUE RIVERDALE NY 10471 814493251 HOUSING NY 501(C)(3) 10 RIVERDALE TERRACE HOUSING DEVELOPMENT FUND COMPANY INC 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0