2016-11-14T12:18:06-06:00 2015-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-01-01 133603516 Fund for the Aged Inc FUND 2128705000 120 West 106th Street New York NY 10025 Audrey S Weiner President and CEO 2128705000 2016-11-04 1 Aaron Shapiro P01333816 2128674000 2015 2017-02-10 21:41:12Z Audrey S Weiner 120 West 106th Street New York NY 10025 28910652 0 X www.jewishhome.org X 1991 NY Fund for the Aged, Inc. was established to enable excellence in the provision of care for the elderly. It. is the fundraising entity for Jewish Home Lifecare (d.b.a The New Jewish Home). 7 6 30 6 85218 0 7357370 8227333 0 0 4924039 3477403 -248925 -124639 12032484 11580097 14602440 6788720 0 0 1936191 2024534 142556 11000 2968901 1249597 4942016 17930784 13766270 -5898300 -2186173 88610365 79369270 2340942 1404391 86269423 77964879 X Fund for the Aged, Inc. was established to enable excellence in the provision of care for the elderly. It is the fundraising entity for Jewish Home Lifecare. In addition to attracting funds for a myriad of capital projects, Jewish Home Lifecare relies on the generosity of its supporters for important enrichment programs for elders as well as to support research, employee recognition, mentoring for caregivers and educational programs. Fund for the Aged, Inc. also funds the development efforts of Jewish Home Lifecare. Fund for the Aged, Inc. is funded primarily by contributions from the general public, foundations, and government grants. 0 0 6788720 6788720 Fund for the Aged, Inc. creates meaningful philanthropic partnerships with individual donors, foundations, corporations, and agencies. Donations fund a wide array of programs including but not limited to telemedicine, palliative care, research, volunteer support, intergenerational youth programs, technology initiatives, dining assistance, religious life programming as well as community outreach. 6788720 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 19 0 30 1 1 1 0 0 0 0 1 1 0 0 0 0 X 7 6 0 1 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X Elliot Hagler 2128705973 120 West 106th Street New York NY 10025 David A Jones Chair 3.00 X X 0 0 0 Gene D Resnick MD Vice President 3.00 0.20 X X 0 0 0 Stanley H Pantowich Secretary 3.00 6.00 X X 0 0 0 Alan Altschuler Treasurer 3.00 X X 0 0 0 Audrey S Weiner President/CEO 0.50 48.50 X X 14050 1378935 64600 Fred M Lowenfels Director 1.50 X 0 0 0 Elizabeth Grayer Director 1.50 4.80 X 0 0 0 Thomas J Gilmartin Chief Administrative Officer 0.50 52.50 X 5781 535551 115358 Audrey Wathen Senior VP Human Resources 0.50 46.50 X 2811 234061 31322 Bruce Nathanson Senior VP Marketing 0.50 40.50 X 907 203051 42953 Nancy Stoddard Vice President IT 0.50 43.50 X 3077 256242 47972 Firouzeh Naima Director of Finance 0.50 41.50 X 2293 190915 26202 Dale Cooper Associate General Counsel 0.50 40.50 X 2095 174454 28726 Maryanne Morgan Director of Finance 0.50 42.50 X 2038 169672 35548 Regina Melly VP Business Development 0.50 41.50 X 3065 255167 37082 Frederich Bloch Senior VP Development 44.00 X 327025 0 32815 Elizabeth Weingast Director of Clinical Excellence 0.50 42.50 X 1968 163822 59869 Robert Lanfranchi Director of IT Tech Services 0.50 45.50 X 2417 201242 11669 Svetlana DeBellis VP Managed Care 0.50 37.50 X 2419 201502 37486 Antonio Pilgrim Director of Internal Audit 0.50 39.50 X 1847 153814 26921 Thomas P Hamill Vice President Development 42.00 X 222393 0 43977 594186 4118428 642500 6 0 1 0 Offit Capital 485 Lexington Avenue 24th Floor New York NY 10017 Investment management 203842 Istithmar Columbus Center LLC 80 Columbus Circle New York NY 10023 Catering Hall space 186799 2 1095250 7132083 139401 8227333 874398 874398 19701671 17098666 2603005 2603005 85218 2517787 107250 1095250 231889 -124639 -124639 11580097 0 85218 3267546 6788720 6788720 400487 40647 359840 1284331 114510 1169821 56924 56924 131055 12250 118805 151737 10665 141072 130193 130193 3989 3989 504 504 11000 11000 347414 347414 197429 197429 497553 497553 66716 66716 24495 24495 55330 55330 3347 3347 Bad debt 3351407 3351407 263639 131252 132387 13766270 6788720 4008649 2968901 874570 1718391 660583 4924116 12274161 8360033 16732 8795 11284 7937 35799868 33550916 38647836 30474735 342063 333142 88610365 79369270 358452 264434 1982490 1139957 2340942 1404391 X 33128596 26964448 47638213 45486817 5502614 5513614 86269423 77964879 88610365 79369270 X -2186173 -5841662 -276709 X X 0 1 X 1 0 X 4051513 9209604 10694719 7357370 8227333 39540539 4051513 9209604 10694719 7357370 8227333 39540539 3902334 35638205 529930 1105036 961936 1343725 874398 4815025 44355564 0.80350 0.77160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 504 0 0 504 0 Part II-B, Line 1: Line 1g refers to expenses that are related to the time spent and travel by President/CEO. 8227073 11000 -222451 192793 7822829 6835456 30256 1497678 136317 8227073 5973960 211753 721987 72244 6835456 4752392 570794 753674 102900 5973960 4865302 85903 -216363 -17550 4752392 0.70480 0.29520 0 0 16732 8795 7937 7937 Limited partnerships and limited liability companies 29096822 F Venture capital funds 988180 F Real estate investment trusts 389733 F 30474735 Due to related organizations 708808 Annuity obligations 223004 Pension payable 208145 1139957 X 2012671 -5841662 -26943 -5868605 7881276 347414 3351407 3698821 11580097 10067449 0 10067449 347414 3351407 3698821 13766270 Part V, Line 4: The endowment fund is expendable for the following purposes: a. Recreation and resident services b. Medical education and research c. Other elderly needs Part X, Line 2: The Fund for the Aged, Inc. has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending December 31, 2012 and subsequent remain subject to examination by applicable taxing authorities. Part XI, Line 2d - Other Adjustments: Change in value of split-interest agreements -26,943. Part XI, Line 4b - Other Adjustments: Bad debt loss 3,351,407. Part XII, Line 4b - Other Adjustments: Bad debt loss 3,351,407. Cayman Islands Investments 13616553 0 0 0 0 0 0 13616553 0 13616553 1 0 0 1 1 0 X X X X X X 1 Event Associates Inc 162 West 56th Street Suite 405 New York NY 10019 Gala planner 0 0 11000 -11000 11000 -11000 NY Eight Over Eighty Gala 1202425 1095175 107250 161799 69922 168 1202425 1095175 107250 161799 69922 168 231889 -124639 1 Jewish Home Lifecare Manhattan 120 West 106th Street New York NY 10025 131624033 501(c)(3) 2323402 Geriatric care Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 100 West Kingsbridge Road Bronx NY 10468 237071900 501(c)(3) 1028570 Geriatric care JHL Corporate Services Inc 120 West 106th Street New York NY 10025 263385174 501(c)(3) 264037 Management services Jewish Home Lifecare Sarah Neuman Center Westchester 845 Palmer Ave Mamaroneck NY 10543 133620568 501(c)(3) 2942443 Geriatric care Kittay House Jewish Home Lifecare Inc 120 West 106th Street New York NY 10025 132619576 501(c)(3) 213268 Housing services 5 0 Part I, Line 2: Fund for the Aged, Inc. provides resources to the constituent System entities and other organizations that provide multifaceted geriatric services in the New York metropolitan area. The services provided by these constituent entities are set forth in an annual report that provides an integrated overview, as well as a detailed report on the specific services and achievements of each such entity. The organization monitors the grants through set budgets for the departments in the related organizations and reviews the expenses against the budget on a monthly basis. X 1 1 0 1 0 0 0 0 0 0 0 Audrey S Weiner President/CEO 6955 682628 0 0 7095 696307 467 45829 185 18119 14702 1442883 0 0 Thomas J Gilmartin Chief Administrative Officer 5307 491652 0 0 474 43899 696 64485 536 49641 7013 649677 0 0 Audrey Wathen Senior VP Human Resources 2764 230151 0 0 47 3910 205 17047 167 13903 3183 265011 0 0 Bruce Nathanson Senior VP Marketing 898 201004 0 0 9 2047 68 15240 123 27522 1098 245813 0 0 Nancy Stoddard Vice President IT 3061 254918 0 0 16 1324 228 18985 341 28418 3646 303645 0 0 Firouzeh Naima Director of Finance 2277 189591 0 0 16 1324 168 13963 143 11928 2604 216806 0 0 Dale Cooper Associate General Counsel 2071 172422 0 0 24 2032 145 12060 196 16325 2436 202839 0 0 Maryanne Morgan Director of Finance 2029 168964 0 0 9 708 152 12631 270 22495 2460 204798 0 0 Regina Melly VP Business Development 3056 254459 0 0 9 708 176 14631 264 22011 3505 291809 0 0 Frederich Bloch Senior VP Development 325045 0 0 0 1980 0 19213 0 13602 0 359840 0 0 0 Elizabeth Weingast Director of Clinical Excellence 1962 163361 0 0 6 461 156 12967 555 46191 2679 222980 0 0 Robert Lanfranchi Director of IT Tech Services 2408 200534 0 0 9 708 138 11531 0 0 2555 212773 0 0 Svetlana DeBellis VP Managed Care 2414 201045 0 0 5 457 0 0 445 37041 2864 238543 0 0 Antonio Pilgrim Director of Internal Audit 1823 151782 0 0 24 2032 0 0 319 26602 2166 180416 0 0 Thomas P Hamill Vice President Development 221926 0 0 0 467 0 0 0 43977 0 266370 0 0 0 Part I, Line 1a 1) Tax indemnification 2) Audrey S. Weiner and Thomas J. Gilmartin 3) The amount was treated as taxable compensation Part I, Line 3 The salaries for the executives are determined by the parent company, Jewish Home Lifecare. The methods utilized include a Compensation Committee, independent compensation consultants, who perform independent compensation studies, and review approval of the recommendations of the Compensation Committee by the board. Part I, Line 4b Audrey S. Weiner participated in a supplemental defined benefit retirement plan. The accrual for the year was $27,083. During 2015, Ms. Weiner vested in the plan and as a result $699,701 was included in Ms. Weiner's W-2 reportable compensation. Thomas J. Gilmartin participated in a supplemental defined contribution retirement plan. The accrual for the year was $45,968. During 2015, Mr. Gilmartin vesting in the plan resulted in an additional $42,004 of W-2 reportable compensation for Mr. Gilmartin. X 12 139401 Sale price of stocks 0 1 0 Part I, Column (b): The organization is reporting the number of contributors. Form 990, Part VI, Section A, line 3 Management responsibilities are fulfilled by administrative personnel employed by a related entity, JHL Corporate Services, Inc. In 2015, costs incurred by JHL Corporate Services, Inc. were allocated to individual Jewish Home Lifecare's entities in accordance with expense-based methodology. The organization periodically reviews the method by which administrative overhead expenses are allocated. Form 990, Part VI, Section A, line 6 The sole member of the organization is Jewish Home Lifecare, a New York not-for-profit corporation. Form 990, Part VI, Section A, line 7a Jewish Home Lifecare may elect one or more members of the governing body. Form 990, Part VI, Section B, line 11 A draft of the completed return is reviewed by Management. Any comments arising from the review are discussed and if required, changes are made. The draft is submitted to the Audit and Compliance Committee of Jewish Home Lifecare and Subsidiaries for its review and approval. Once the Audit and Compliance Committee completed its review, a copy of the draft return was provided to all board members. Form 990, Part VI, Section B, line 12c Annually all Board members, officers, and key employees are provided a copy of the conflict of interest policy and are asked to review the policy and to disclose any potential or actual conflicts that may have occurred since the last disclosure. The Audit and Compliance Committee of the Board reviews the disclosures as summarized by the Compliance department. All identified conflicts of interest are discussed and either approved or rejected by the Board. If the Board of Directors or the Governance Committee determines that a conflict of interest exists, the Director with the conflict may not take part in the decision process to which the conflict relates. Such disclosure and the fact that the Director did not vote or participate in the deliberations is recorded in the relevant minutes. Form 990, Part VI, Section B, line 15 Annually, the Chairman of the Board of Jewish Home Lifecare, in consultation with the Compensation Committee, reviews and evaluates the President/CEO, officers and key employees' performance against a series of goals and objectives for the year. In establishing compensation levels for the CEO/President, officers and key employees, the Board Chair and the Compensation Committee of the Board use performance and periodic compensation surveys of other similar type organizations, completed by an external consultant, to inform their decisions. Minutes of the meeting are maintained in a confidential file. The meeting of the compensation committee at which this took place was held in November 2013. Form 990, Part VI, Section C, line 19 the governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Adjustment to pension liability 9,147. Change in value of split-interest agreements -26,943. reserve on amounts due from related organizations -258,913. Form 990, Part XII, Line 2c: The Audit and Compliance Committee of the organization has the oversight responsibility for the audit of the organization's financial statements. As part of the financial statement audit process, the Audit and Compliance Committee is responsible to: 1. Select the independent audit firm 2. Review and approve audit scope and fees 3. Oversee the financial reporting process 4. Ensure open communications between management, audit firm, and the Audit and Compliance Committee 5. Review of independent audit firm's annual performance 6. Meet in Executive Session (absent management) with the audit firm to discuss any potential concerns with management's performance Fund for the Aged Holding LLC 120 West 106th Street New York NY 10025 Owns property of two Delaware LLC's NY N/A Jewish Home Lifecare 120 West 106th Street New York NY 10025 133267073 Provides care for the elderly NY 501(c)(3) 11, type ii N/A 0 Jewish Home Lifecare Manhattan 120 West 106th Street New York NY 10025 131624033 Provides care for the elderly NY 501(c)(3) 3 Jewish Home Lifecare 0 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 120 West 106th Street New York NY 10025 237071900 Provides care for the elderly NY 501(c)(3) 9 Jewish Home Lifecare 0 Jewish Home Lifecare Sarah Neuman Center Westchester 845 Palmer Avenue Mamaroneck NY 10543 133620568 Provides care for the elderly NY 501(c)(3) 9 Jewish Home Lifecare 0 Kittay House Jewish Home Lifecare Inc 100 West Kingsbridge Road Bronx NY 10468 132619576 Provides housing to the elderly NY 501(c)(3) 9 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 WK Diagnostic and Treatment Center 100 West Kingsbridge Road Bronx NY 10468 133527664 Provides healthcare services NY 501(c)(3) pf Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 Jewish Home Lifecare Receivership Corp 120 West 106th Street New York NY 10025 133500285 Manages housing organizations NY 501(c)(3) 11, type i Jewish Home Lifecare 0 Lifecare Property Holding Corp 120 West 106th Street New York NY 10025 205945618 Owns property NY 501(c)(2) n/a Jewish Home Lifecare 0 Harry and Jeanette Weinberg Riverdale HouseHousing Development Fund Co Inc 120 West 106th Street New York NY 10025 133865179 Provides subsidized housing for the elderly NY 501(c)(3) 9 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 Kenneth Gladstone Building Housing Development Fund Company Inc 120 West 106th Street New York NY 10025 134078893 Provides subsidized housing for the elderly NY 501(c)(3) 9 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 Harry and Jeanette Weinberg Gardens Housing Development Fund Company Inc 120 West 106th Street New York NY 10468 204981328 Provides subsidized housing for the elderly NY 501(c)(3) 7 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 JHL Corporate Services Inc 120 West 106th Street New York NY 10025 263385174 Management services DE 501(c)(3) 11, type i Jewish Home Lifecare 0 Lifecare Manhattan Property Holding Corp 120 West 106th Street New York NY 10025 263070863 Owns property DE 501(c)(3) 11, type i Jewish Home Lifecare Manhattan 0 Jewish Home Lifecare Community Services Inc 120 West 106th Street New York NY 10025 270158524 Provides community services NY 501(c)(3) 9 Jewish Home Lifecare 0 Jewish Home Lifecare Development Corp 120 West 106th Street New York NY 10025 262054641 Owns property NY 501(c)(3) 11, type i Jewish Home Lifecare Manhattan 0 Lifecare Manhattan Supporting Corp 120 West 106th Street New York NY 10025 262634853 Owns property DE 501(c)(3) 11, type i Jewish Home Lifecare Manhattan 0 156 West 106th Street Holding Corp 120 West 106th Street New York NY 10025 270308650 Owns property NY 501(c)(2) n/a Jewish Home Lifecare 0 Jewish Home Lifecare University Avenue Assisted Living Inc 120 West 106th Street New York NY 10025 273960910 Construction and operation of University Avenue Assisted Living facility DE 501(c)(3) 9 Jewish Home Lifecare 0 Geriatric Career Development Program Inc 120 West 106th Street New York NY 10025 462452619 To operate programs for at-risk youth DE 501(c)(3) 7 Jewish Home Lifecare 0 2614 Kingsbridge corp 120 West 106th Street New York NY 10025 132749776 Provides parking facilities NY N/A C 0 Jewish Home Lifecare Home Assistance Personnel Inc 120 West 106th Street New York NY 10025 133267068 Provides long term home health care NY N/A C 0 JHHA Medical Group PC 120 West 106th Street New York NY 10025 133364558 Provides health care services NY N/A C 0 102 West 107th Street Corp 120 West 106th Street New York NY 10025 132760057 Provides parking facilities NY N/A C 0 Jewish Home Lifecare Spectrum Services Inc 120 West 106th Street New York NY 10025 453563804 Holding company for for-profit affiliates NY N/A C 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0