2017-11-13T22:19:36-06:00 2016-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2016-01-01 133158496 Royal Charter Properties East Inc % PHYLLIS R LANTOS ROYA 2122974356 525 EAST 68th STREET BOX 156 NEW YORK NY 10065 PHYLLIS R LANTOS EVP, CFO & TREASURER 2123056845 2017-11-13 CHRISTOPHER BOGGS P00032493 3176817000 72.89.28.204 35057220173175000013 2017-11-13 P 287223A4C8F86D002B8C3C5B368B0AF297E25AC4 050F75853A9F423F493495C03CDD05FDA32C01D0 2016 2017-02-10 21:41:12Z PHYLLIS R LANTOS 525 EAST 68th STREET BOX 156 NEW YORK NY 10065 85378576 false X N/A X 1983 NY TO ACQUIRE AND HOLD DIRECT AND INDIRECT INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. 14 12 0 0 0 0 0 70042563 74502728 48156 146986 417843 648352 70508562 75298066 34039000 38926000 0 0 1329638 1188483 0 0 0 32319017 34152347 67687655 74266830 2820907 1031236 234244320 231206101 248770203 243916586 -14525883 -12710485 TO ACQUIRE AND HOLD DIRECT AND INDIRECT INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. false false 73262532 38926000 74502728 Primarily provide residential housing, office and parking to related organizations and their employees. 73262532 true false false false false false false false false false true false false false true false true false false false false false false false false false false true false true true true false false false false false false false false false false false false false true true true true false false true 31 0 true 0 false false false false false false false false false false false X 14 12 true false false false true true true true true false false true true true true true true true true false NY X PHYLLIS R LANTOS 2123056845 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 PETER S KALIKOW CHAIRMAN 0.25 4.25 X 0 0 0 JERRY I SPEYER VICE CHAIRMAN 0.25 7.25 X 0 0 0 BRUCE A BEAL BOARD OF DIRECTOR 0.02 1.79 X 0 0 0 STEVEN CORWIN BOARD OF DIRECTOR 0.5 59.5 X 0 5747816 227825 JEFFREY A HARRIS BOARD OF DIRECTOR 0.02 4.79 X 0 0 0 DAVID KOCH BOARD OF DIRECTOR 0.02 2.79 X 0 0 0 RAYMOND J MCGUIRE BOARD OF DIRECTOR 0.02 2.79 X 0 0 0 JOHN MEROW BOARD OF DIRECTOR 0.02 3.79 X 0 0 0 PHILIP MILSTEIN BOARD OF DIRECTOR 0.02 1.79 X 0 0 0 HERBERT PARDES BOARD OF DIRECTOR 0.02 59.98 X 0 2264645 61163 RICHARD D SEGAL BOARD OF DIRECTOR 0.02 1.79 X 0 0 0 BRENDA N STRAUS BOARD OF DIRECTOR 0.02 1.79 X 0 0 0 LEOONARD A WILF BOARD OF DIRECTOR 0.02 2.79 X 0 0 0 HARRISON T LEFRAK BOARD OF DIRECTOR 0.02 1.79 X 0 0 0 JOSEPH IENUSO PRESIDENT 9.0 51.0 X 0 393716 22713 PHYLLIS R LANTOS EVP, CFO & TREASURER 2.0 58.0 X 0 2640133 57166 KATHLEEN M BURKE VP/SECRETARY&ASSOC GEN COUNSEL 0.5 59.5 X 0 371567 56976 MAXINE FRANK ESQ EVP, CLO & GENERAL COUNSEL 0.5 59.5 X 0 2903648 53303 MAURICE LABONNE SENIOR VICE PRESIDENT 6.0 54.0 X 0 682157 36572 MARTIN COHEN S. VICE PRESIDENT THRU 7/2016 23.0 37.0 X 0 492094 44525 Marie J Kupfer Guest Facilities Manager 35.0 0.0 X 0 119919 20398 LAURA FORESE FORMER OFFICER 0.0 0.0 X 0 2744627 224599 MARK LARMORE FORMER OFFICER 0.0 0.0 X 0 462998 7053 0 18823320 812293 0 true true false V Cloud Painting and Contracting C 96-16 42nd Avenue CORONA NY 11368 construction Service 588257 Schindler Elevator Corp 20 Whippany Rd MORRISTOWN NJ 07960 Elevator Maintenance 513673 Olympic Torch Contracting Co 6411 Broadway WOODSIDE NY 11377 Construction Service 417334 Interstate Mechanical Services Inc 51 Railroad Ave CLOSTER NJ 07624 Mechanical Services 354204 AA Maintenance Enterprise Inc 965 Midland Avenue YONKERS NY 10704 Maintenance Services 291708 18 0 RENTAL INCOME 532000 74502728 74502728 74502728 153388 153388 0 0 0 0 0 10074108 10080510 -6402 -6402 -6402 0 0 0 0 0 0 0 0 0 LAUNDRY INCOME 900099 334082 334082 MISCELLANEOUS INCOME 900099 314270 314270 648352 75298066 74502728 795338 38926000 38926000 0 0 0 327971 327971 0 464528 340086 124442 84959 67416 17543 311025 229614 81411 0 10426626 10316494 110132 23464 23464 69716 69716 0 0 0 224985 222609 2376 23967 23714 253 4198408 4154062 44346 0 0 5188687 5133881 54806 119 118 1 0 18764 18566 198 3896843 3855682 41161 0 9669303 9567171 102132 205322 203153 2169 PERMIT & LICENSES 206143 203966 2177 74266830 73262532 1004298 0 10788413 12240693 48448436 50340647 0 0 3113653 4377293 0 0 0 0 0 0 0 0 949614 751225 311237451 170449571 146993598 140787880 15642506 13313643 3431830 4220125 20588 20588 0 0 4855682 5154007 234244320 231206101 2488920 2635968 0 0 717677 1028881 239081000 231440193 0 0 0 0 0 0 0 0 6482606 8811544 248770203 243916586 X -14525883 -12710485 0 0 0 0 -14525883 -12710485 234244320 231206101 1031236 784162 X false true X true false X X 1 THE NEW YORK AND PRESBYTERIAN HOSPITAL 133957095 3 true 38926000 0 1 38926000 0 true false false false false false false false false false false false false false false false Part IV, Section C, Line 1: Royal Charter Properties East, Inc. (RCPE) is a membership Corporation. Article 1 of the corporations by-laws provide that the members of the corporation shall be ex-officio those members of the New York-Presbyterian Foundation, INC. who are at the time trustees in office of the New York and Presbyterian Hospital, the supported organization. RCPE members elect their board of directors. The board of trustees of The New York and Presbyterian Hospital consists of persons who have first been elected as members of New York-Presbyterian Foundation, Inc., a New York State not-for-profit corporation. RCPE shares a common parent with its supported organization and they are thus controlled in connection with New York-Presbyterian Foundation, Inc. 0 4965048 4965048 0 272477115 145571735 126905380 0 25297565 18964654 6332911 7769891 5913182 1856709 0 727832 727832 140787880 0 TENANT SECURITY DEPOSITS PAYABLE 5154007 DUE TO NY PRESBYTERIAN HOSPITAL 3529897 DUE TO ROYAL CHARTER PROP. INC. 127640 8811544 75137330 75137330 160736 160736 75298066 35180094 35180094 39086736 39086736 74266830 Part XI, Line 4b Bad Debt Recovery 160,736 Part XII, Line 4b Distribution to The New York and Presbyterian Hospital 38,926,000 Bad Debt Recovery 160,736 Total 39,086,736 true THE NEW YORK AND PRESBYTERIAN HOSPITAL 525 E 68th St Box 156 NEW YORK NY 10065 133957095 501(c)(3) 38926000 N/A N/A SUPPORT 1 Part II, Line 1: The company's Certificate of incorporation states that all income collected, less expenses and reasonable reserves, is to be distributed to any health-related charitable organization or corporation as determined by the Company's board of directors. The money was distributed to the New York Presbyterian Hospital who is a supported organization of Royal Charter Properties East, Inc. The above amount represents the net of rental payments due from the New York and Presbyterian Hospital and reimbursement for certain disbursements made by the New York and Presbyterian Hospital on behalf of Royal Charter Properties East, Inc. true true false false false false false false false STEVEN CORWIN BOARD OF DIRECTOR 0 1811553 0 1884904 0 2051359 0 201786 0 26039 0 5975641 0 261884 HERBERT PARDES BOARD OF DIRECTOR 0 837237 0 910363 0 517045 0 34449 0 26714 0 2325808 0 0 JOSEPH IENUSO PRESIDENT 0 282813 0 110000 0 903 0 0 0 22713 0 416429 0 0 PHYLLIS R LANTOS EVP, CFO & TREASURER 0 968564 0 922949 0 748620 0 26633 0 30533 0 2697299 0 338195 KATHLEEN M BURKE VP/SECRETARY&ASSOC GEN COUNSEL 0 290519 0 69723 0 11325 0 34449 0 22527 0 428543 0 0 MAXINE FRANK ESQ EVP, CLO & GENERAL COUNSEL 0 907685 0 766872 0 1229091 0 26862 0 26441 0 2956951 0 230197 MAURICE LABONNE SENIOR VICE PRESIDENT 0 547235 0 103207 0 31715 0 6625 0 29947 0 718729 0 0 MARTIN COHEN S. VICE PRESIDENT THRU 7/2016 0 217021 0 100867 0 174206 0 21229 0 23296 0 536619 0 0 LAURA FORESE FORMER OFFICER 0 1154292 0 1090781 0 499554 0 213906 0 10693 0 2969226 0 31530 MARK LARMORE FORMER OFFICER 0 0 0 0 0 462998 0 7053 0 0 0 470051 0 22998 Part VII & Schedule J, Supplemental Information: Royal Charter Properties East, Inc. (the "Corporation") has no employees. Certain individuals identified herein as officers, Key employees and Highest Compensated Employees of the Corporation are employed and compensated by a related organization, The New York and Presbyterian Hospital (the "Hospital"). These individuals perform services for the Corporation, and in some cases other related organizations, by arrangement between the Hospital and such organization(s). The officers and key employees identified in Part VII are responsible for executing the mission and management of The New York and Presbyterian Hospital (NYP) and its affiliated entities. Compensation for 2016 of these upper level executives includes the payout of an annual incentive plan and a long-term incentive plan. This performance-oriented program conditions payments upon the achievement of multiple individual and group performance measures. Measures to monitor performance include: operational and financial strength, patient quality and safety, patient satisfaction, advancement of patient care, and people development and partnership. Incentive awards may only be granted if the organization achieves a financial surplus. Even if all relevant performance measurements are achieved, the NYP Board of Trustees retains full discretion to make or not make any incentive awards, or to reduce the amount of any incentive award. This initiative is critical to assuring that NYP has the requisite leadership to create and manage a highly motivated and engaged workforce, to drive superior performance throughout the organization and to achieve top tier medical center status. As a separate matter, due to restrictions imposed by the Internal Revenue Code, upper level executives are limited in the amount of benefits received under a tax-qualified retirement plan. Like many employers, NYP supplements these executives' pension benefits through a supplemental ("nonqualified") retirement plan. The supplemental executive retirement plan (SERP) is subject to a multi-year vesting requirement (commencing after five years of participation in the SERP, in prorated amounts through age 65) which places an executive's supplemental retirement benefit at risk of forfeiture if the vesting requirements are not satisfied. Once vested, however, provisions of the Internal Revenue Code require that the vested executive include in current income the value of his or her vested supplemental retirement benefit. Notwithstanding the legal requirement to recognize the vested value of the supplemental retirement benefit as current income, the supplemental retirement benefit will not be distributed to the executive until the executive actually retires from NYP (although, as permitted by the Internal Revenue Code, the supplemental retirement plan will effect a distribution of an amount necessary to satisfy the executive's tax liability resulting from the income recognition upon vesting). As noted, this supplemental retirement benefit will not be distributed to the executive until the executive actually retires from NYP. There are constantly changing legal, tax, accounting, and public disclosure rules for a SERP (supplemental executive retirement plan) in not-for-profit organizations. The executive Compensation Committee continuously monitors these changes and incorporates any changes into the overall SERP plan design. As in past years, the executive Compensation Committee of NYP requires a third party complete a review of the organization's compensation program to ensure its effectiveness in terms of government regulations, market conditions and the need to continually elevate organizational performance. The report also serves to meet the regulatory obligations to ensure that all elements of the executive compensation programs are reasonable. Each of the officers and key employees listed devotes an average of sixty hours per week to perform his or her responsibilities for the reporting entity and other related organizations in the aggregate. Part I, Line 4a: Martin Cohen received 165,865 in Severance Pay effective 7/18/2016. Mark Larmore received 440,000 in severance pay. Part I, Line 4B: Participated in Supplemental Nonqualified Retirement plan: Steven Corwin: 168,034 Laura Forese: 179,457 Part I Line 4b: Supplemental Nonqualified Retirement Plan as reported on the W-2: Steven Corwin: 1,551,039 Phyllis Lantos: 566,306 Maxine Frank: 1,073,563 Mark Larmore: 22,998 Laura Forese: 302,316 Herbert Pardes: 219,333 A NYC HOUSING DEVELOPMENT CORPORATION 132688369 64970hbd5 2005-03-30 89200000 REFUNDING OF 1998 BONDS false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983q5p0 2006-11-16 147770000 facility construction false false false A 0 0 89200000 0 0 0 0 0 0 0 89200000 0 1987 true false true true B 5040000 0 154580597 0 14056738 0 2063733 702464 0 130811527 6943667 2468 2008 false false true true A 0 B true true true true false 0.00200 0.00200 false false false true A false false false true true false 0 false 0 false true B false false false true true false 0 false 0 true true A true B true Bond Information Column B, Line 3: The total proceeds are not identical to the issue price listed in Part I, Column (E), due to the inclusion of investment earnings. Bond A, Part IV, Line 2c - The rebate calculation was completed on August 21, 2015. Bond B, Part IV, Line 2c - The rebate calculation was completed on November 22, 2016. PART VI, SECTION A, LINE 2: Jerry Speyer & Leonard Wilf have a business relationship. PART VI, SECTION A, LINE 6 & 7a & b: Members: Royal Charter Properties East, Inc. has Members. Article I of the corporation by-laws provides that "The Members of the Corporation shall be ex-officio those Members of New York-Presbyterian Foundation, Inc. who are at the time Trustees in office of The New York and Presbyterian Hospital." In 2016 there were 88 Members. There are no classes. The Members have the rights and duties provided under the New York not for-Profit Corporation Law, e.g. election of the Directors and approval of the corporate By-laws and amendments thereto. Directors: In 2016 there were 14 Directors. Directors need not be Members, however, a majority of Directors shall be selected from Members of New York-Presbyterian Foundation, Inc., who are at the time Trustees in office of The New York and Presbyterian Hospital. In 2016 there were 14 Directors, all of whom were Members of the Foundation and Trustees of the New York and Presbyterian Hospital. The Directors are elected each year by the Members. There are no classes. PART VI, SECTION B, LINE 11A & B: Finance coordinated and completed all of the information required for form 990 accessing various resources including legal, human resources, development, and other departments as needed. Senior Finance executives complete a review of the return in conjunction with Ernst & Young U.S. LLP, paid preparer, prior to submission to the chairman of the Audit and Corporate Compliance Committee of the Board. The chairman of the audit and corporate compliance committee conducts a detailed review. Upon completion of the audit chairman's review and approval, the 990 is presented, reviewed, and made available to the governing body at the Royal charter properties east, inc. board meeting preceding the filing. Royal Charter Properties East, Inc. files the 990 upon final approval. PART VI, SECTION B, LINE 12C: Royal Charter Properties East, Inc., a related organization of New York Presbyterian Hospital, adheres to a conflict of interest (COI) policy that has been adopted by the board of royal charter properties east. The policy states in part: "Each Board Member, Officer or Key Person of a New York-Presbyterian Organization shall complete a conflict of interest questionnaire prior to becoming a Board Member, Officer or Key Person of the New York-Presbyterian Organization and annually thereafter." The policy also states that "each Board Member, Officer, or Key Person shall promptly advise the Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, of any changes to the information provided in that individual's last completed conflict of interest questionnaire." The Chief Executive Officer of New York-Presbyterian Hospital, or his or her designee, shall review all completed questionnaires and all subsequent advice of changes and shall take such action as is deemed appropriate to eliminate potentials for conflicts of interest, including such steps as reassignment of responsibilities or establishment of protective arrangements. All disclosures of interests in completed questionnaires or subsequent advice, unless clearly irrelevant or immaterial, shall be compiled and reported by management to the Audit and Corporate Compliance Committee of the Board of New York- Presbyterian Hospital, together, in each case, with response or recommendation of management. The Audit and Corporate Compliance Committee shall determine whether the reported resolution of issues raised by the disclosures is satisfactory and, if not, shall require such further action as it deems appropriate. PART VI, SECTION B, LINE 15: Royal Charter Properties East, Inc. (the "Corporation") has no employees. Certain individuals identified herein as officers, key employees and highest paid employees of the Corporation are employed and compensated by a related organization, The New York and Presbyterian Hospital (the "Hospital"). These individuals perform services for the Corporation, and in some cases other related organizations, by arrangement between the Hospital and such organization(s). As set forth in Schedule R, the Corporation and the Hospital are related organizations. The Executive Compensation process at the New York and Presbyterian Hospital (NYP) is administered by a committee of independent trustees. They follow a Board-approved charter and overall executive compensation philosophy. The charter empowers the NYP Board Compensation Committee to administer the executive compensation program and process on behalf of the full Board of Trustees of NYP. Overall, the philosophy is intended to reward a broad spectrum of high organizational and predetermined, measurable individual performance expectations, as well as to foster the retention of key management talent. NYP's executive compensation philosophy is focused on establishing a performance-oriented philosophy and pay strategy designed to attract, retain and reward top talent. To fulfill their responsibility, the Committee also reviews information from multiple sources of market data. One such market definition is a stable group of large health care systems of similar scale and circumstances. Additional information from not-for-profit systems, for-profits systems and comparably sized publically-traded health care facilities is also used. They use this additional information to support their decisions regarding on-going administration of the program. The Compensation Committee is comprised of independent members of the Board. They meet three to four times per year and make all critical decisions in executive session. These decisions are documented in minutes which are approved in subsequent meetings. The Committee is empowered to, and does, engage outside counsel and consulting support. The above described Executive Compensation Process is an ongoing process, applied annually on a calendar year basis, to all vice presidents, senior vice presidents, group senior vice presidents, executive vice presidents, as well as the chief executive officer and president. Compensation for 2016 of these upper level executives includes the payout of an annual incentive plan and a long-term incentive plan. This performance-oriented program conditions payments upon the achievement of multiple individual and group performance measures. Measures to monitor performance include: operational and financial strength, patient quality and safety, patient satisfaction, advancement of patient care, and people development and partnership. Incentive awards may only be granted if the organization achieves a financial surplus. Even if all relevant performance measurements are achieved, the NYP Board of Trustees retains full discretion to make or not make any incentive awards, or to reduce the amount of any incentive award. This initiative is critical to assuring that NYP has the requisite leadership to create and manage a highly motivated and engaged workforce, to drive superior performance throughout the organization and to achieve top tier medical center status. PART VI, SECTION C, LINE 19: External requests for our governing documents, conflict of interest policy, and financial statements are reviewed for validity. These requests are then granted if deemed appropriate. RCP-EAST LLC 525 East 68th Street Box 156 New York NY 10065 205933500 Real Estate NY 17584988 0 na The New York and Presybterian Hospital 525 East 68th Street Box 156 New York NY 10065 133957095 Healthcare NY 501(C)(3) 3 NYP FDN true New York-Presbyterian Foundation Inc 525 East 68th Street Box 156 New York NY 10065 134153668 Support NY 501(C)(3) 12 Type I na false Royal Charter Properties Inc 525 East 68th Street Box 156 New York NY 10065 133158502 Real Estate NY 501(C)(3) 12 Type II NYP FDN true Royal Charter Properties-Westchester Inc 525 East 68th Street Box 156 New York NY 10065 133160354 Real Estate NY 501(C)(3) 12 Type II NYP FDN true New York Presbyterian Fund Inc 525 East 68th Street Box 156 New York NY 10065 133160356 fundraising NY 501(C)(3) 7 NYP FDN true Hospital for Special Surgery 535 East 70th Street New York NY 10021 131624135 Healthcare NY 501(C)(3) 3 NYP FDN true NY Presbyterian Healthcare System Inc 525 E 68th Street Box 156 New York NY 10065 133792361 sponsor NY 501(C)(3) 12 TYPE III NYP FDN true NEW YORK GRACIE SQUARE HOSPITAL INC 420 EAST 76TH STREET NEW YORK NY 10065 133746997 HEALTHCARE NY 501(C)(3) 3 NYP SYS INC true THE ROGOSIN INSTITUTE INC 505 EAST 70TH STREET NEW YORK NY 10021 133184198 DIALYSIS&MED NY 501(C)(3) 4 NYP SYS INC true Silvercrest Center for Nursing & Rehab 144-45 87th Avenue Jamaica NY 11435 112925535 Nurs Facility NY 501(C)(3) 10 NYP SYS INC true Network Recovery Services Inc 525 East 68th Street Box 156 New York NY 10065 113160901 Collections NY 501(C)(3) 12 TYPE iii NYP SYS INC true Preferred Health Network Inc 525 East 68th Street Box 156 New York NY 10065 112964432 inactive NY 501(C)(3) 12 TYPE I NYP SYS INC true Beekman Staff Residence 525 East 68th Street Box 156 New York NY 10065 132773085 Real Estate NY 501(c)(3) 12 Type I nyp hospital true NY downtown hospital ccph 525 East 68th Street Box 156 New York NY 10065 113614596 Fund/support NY 501(c)(3) 12 Type I nyp hospital true The Elizabeth Blackwell Foundation Inc 525 East 68th Street Box 156 New York NY 10065 133344692 Hlth Info Svc NY 501(c)(3) 12 type i nyp hospital true NYHB Inc 506 Sixth Street Brooklyn NY 11215 462486539 Healthcare NY 501(c)(3) 12 Type Ii NYP Sys Inc true NYP Community Services Inc 525 East 68th Street Box 156 New York NY 10065 463951535 Healthcare NY 501(C)(3) 12 Type I NYP Hospital true NYP Community Programs 525 East 68th Street New York NY 10065 472126668 healthcare NY 501(C)(3) 12 type i NYP Hospital true THE NEW YORK COMMUNITY OF BROOKLYN 525 E 68th street box 156 new york NY 10065 111986351 healthcare NY 501(c)(3) 3 nyp sys inc true NY Plan Mgmt LLC 525 E 68th St ny NY 10065 134197527 inactive NY NYP Hospital NYP SERVICES INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 061830524 INACTIVE NY NYP FOUNDATION C CORP. true NEW YORK-PRESBYTERIAN GLOBAL INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 800336716 INACTIVE NY NYP FOUNDATION C CORP true HARKNESS HALL CLUB INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133170488 INACTIVE NY NYP HOSPITAL C CORP. true NYP GLOBAL SERVICES INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133845935 INACTIVE NY NYP FUND INC C CORP. true NETWORK INSURANCE COMPANY LTD PO BOX HM 1760 HAMILTON HM HX BD BERMUDA REINSURANCE BD NYP SYSTEM INC C CORP. false NYP PROGRAMS INC 525 EAST 68TH STREET NEW YORK NY 10065 475351503 HEALTHCARE NY NYP FOUNDATION C-CORP true false true false false false false false false false true false false true false true false false false false The New York and Presbyterian Hospital b 38926000 cost The Rogosin Institute j 2494046 cost The New York and Presbyterian Hospital j 10017429 cost The New York and Presbyterian Hospital o 1188483 cost The New York and Presbyterian Hospital m 417347 cost