2016-11-15T05:39:27-06:00 2015-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-01-01 112925535 THE SILVERCREST CENTER FOR NURSING AND REHABILITATION SILV 7184804065 144-45 87TH AVENUE JAMAICA NY 114353109 ELIAS NEMNOM VICE PRESIDENT/CFO 7184804097 2016-11-11 1 AARON SHAPIRO P01333816 2128674000 2015 2017-02-10 21:41:12Z ELIAS M NEMNOM 144-45 87TH AVENUE JAMAICA NY 114353109 56872663 0 X WWW.SILVERCREST.ORG X 1990 NY SKILLED NURSING FACILITY 9 4 559 21 0 0 296522 2138660 50401383 53290471 20609 24938 827160 714557 51545674 56168626 0 0 0 0 35026145 34348675 0 0 0 17881578 19734193 52907723 54082868 -1362049 2085758 33414113 33519363 26845162 24608369 6568951 8910994 X SILVERCREST CENTER FOR NURSING AND REHABILITATION LOCATED IN QUEENS, NEW YORK HAS CHOSE OUR MISSION TO PROVIDE A CONTINUUM OF CARE THROUGH DIVERSE PROGRAMS THAT PROVIDE QUALITY HEALTH CARE AND PROMOTE INDEPENDENCE AND DIGNITY FOR ALL, IN AN ENVIRONMENT WHERE LEADERSHIP IS BY EXAMPLE, KNOWLEDGE IS SHARED, CREATIVITY IS SOUGHT AFTER AND CONTINUED EDUCATION IS PROMOTED. SIMPLY PUT, "GIVING QUALITY TO LIFE".SILVERCREST HAS HARNESSED THE RESOURCE AND CREATED THE SPIRIT AND ENVIRONMENT THAT IS NEEDED TO EXCEL IN LONG-TERM CARE, SUB-ACUTE REHABILITATION AND VENTILATOR PATIENTS. IT IS, IN FACT, THE SYNERGY THAT HAS DEVELOPED BETWEEN OUR THREE PATIENT CARE SYSTEMS THAT ALLOWS US TO DELIVER A LEVEL OF QUALITY FOR EACH THAT WOULD BE HARD TO ACHIEVE FOR INDIVIDUAL SERVICES EXISTING ON THEIR OWN. JUST AS OUR LONG TERM CARE RESIDENTS BENEFIT FROM THE PRESENCE OF A VIBRANT, ON-SITE SUB-ACUTE REHABILITATION PROGRAM, AND FROM THE SOPHISTICATED MEDICAL RESOURCES NEEDED TO RUN OUR AWARD-WINNING VENTILATO 0 0 45167030 53362104 SILVERCREST CENTER FOR NURSING AND REHABILITATION IS A SKILLED NURSING FACILITY FOR 320 RESIDENTS THAT PROVIDES VENTILATOR-RESPIRATORY CARE, SHORT-TERM REHABILITATION, AND LONG-TERM CARE FOR ALZHEIMER AND GERIATRIC PATIENTS. 45167030 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 45 0 559 1 0 0 0 0 0 1 1 0 0 0 0 X 9 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ELIAS NEMNOM VICE PRESIDENTCFO 7184804065 144-45 87TH AVENUE JAMAICA NY 114353109 GARY J ZUAR CHAIRMAN-BOARD 1.00 59.00 X X 0 1324550 50529 STEPHEN S MILLS FACHE VICE CHAIR/PRES./CEO 10.00 50.00 X X 0 987477 52296 ALEXANDER DIPAOLO CPA TRUSTEE/CHAIRMAN OF AUDIT 4.00 X 0 0 0 REGINA PERGUGGI EDD TRUSTEE 1.00 X 0 0 0 ANNE ALEXIS COTE TAYLOR TRUSTEE 3.00 6.00 X 0 0 0 FRANK CORIGLIANO TRUSTEE 1.00 X 0 0 0 KIMLEE ROLDAN-SANCHEZ TRUSTEE 1.00 59.00 X 0 378599 46142 KATHLEEN M BURKE ESQ TRUSTEE 1.00 59.00 X 0 369606 58061 MICHAEL J FOSINA TRUSTEE 1.00 59.00 X 0 798539 65100 LARRY S OSKOWSKY TRUSTEE (UNTIL 2/25/15) 1.00 X 0 0 0 MICHAEL TRETOLA FACHE SR. VP/ADMINISTRATOR 50.00 10.00 X 271768 54353 51960 WILLIAM P WISSEMANN ESQ SR VP/GEN COUNS/SECRETARY 2.00 58.00 X 0 397525 42479 KEVIN J WARD CPA TREASURER 3.00 57.00 X 0 562103 54811 MITCHELL J DEFRIN CPA VP/CFO (UNTIL 10/26/15) 58.00 2.00 X 265446 9153 39293 DANIEL M RUSSO MD VP/CHIEF MEDICAL OFFICER 60.00 X 314065 0 23955 KYLE JACOBI ESQ ASSISTANT SECRETARY 2.00 58.00 X 0 264228 29487 ELIAS M NEMNOM VP/CFO 59.00 1.00 X 40648 689 4421 KAREN DIKEMAN AVP REHABILITATION 60.00 X 148854 0 34039 NATASHA ELIE-LOUISSAINT LNHA VP/ASSOCIATE ADMINISTRATOR 55.00 5.00 X 167283 15208 50932 LORETTA MCMANUS VP OF NURSING 60.00 X 221174 0 38184 DENISE LAWSON DR. OF PERFORMANCE IMPROVEMENT 60.00 X 145860 0 34002 GRETCHEN GARTLEY-LOZANO AVP CONTROLLER 51.00 9.00 X 118944 20990 30734 1694042 5183020 706425 35 0 1 0 COMPASS GROUP - MORRISON MANAGEMENT SPEC 5801 PEACHTREE DUNWOODY ROAD ATLANTA GA 30342 DIETARY SERVICES 2327936 AFFINITY REHABILITATION 10600 YORK ROAD SUITE 105 COCKEYSVILLE MD 21030 THERAPY 1119536 MEDICAL SOLUTIONS LLC 1010 NORTH 102ND STREET OMAHA NE 68114 NURSE STRIKE COVERAGE 469515 APEX THERAPEUTICS 1010 NORTHERN BLVD GREAT NECK NY 10021 THERAPY 445284 OCEANSIDE INSTITUTIONAL 2525 LONG BEACH ROAD OCEANSIDE NY 11572 LAUNDRY & LINEN 400489 13 84440 2017687 36533 25294 2138660 MEDICARE/MEDICAID 623000 39328747 39328747 PRIVATE/HMO/HOSPICE AND OTHER 623000 13961724 13961724 53290471 26515 26515 80000 8367 71633 71633 71633 655000 656577 -1577 -1577 -1577 27900 84440 39093 -11193 -11193 CAFETERIA 900099 241821 241821 MANAGEMENT FEES 541610 221000 221000 PORTION OF HEALTH BENEFITS 900099 25132 25132 166164 166164 654117 56168626 53362104 0 667862 X 1001512 338020 663492 23251973 20357069 2894904 1729218 1554176 175042 6371559 5726654 644905 1994413 1794972 199441 812790 812790 238604 238604 129091 129091 34162 34162 10831 10831 8079851 6706899 1372952 12402 12402 3670710 3516020 154690 273923 273923 1422749 589832 832917 20709 9053 11656 77075 77075 1454800 1265676 189124 702869 611496 91373 NYS ASSESSMENT 2653847 2653847 139780 43316 96464 54082868 45167030 8915838 0 53312 136420 5524333 5907287 9374999 8859161 85359 64889 349055 142613 52571981 39203297 14901012 13368684 355399 131538 116646 2639106 4923663 33414113 33519363 9036815 9295922 359328 320187 14518794 12991552 2930225 2000708 26845162 24608369 X 6515643 8847052 53308 63942 6568951 8910994 33414113 33519363 X 2085758 256285 X X 0 1 X 1 0 X 123878 139193 193200 296522 2138660 2891453 50868986 51888654 51276583 50401383 53290471 257726077 50992864 52027847 51469783 50697905 55429131 260617530 0 0 0 260617530 185112 96686 127813 101009 106515 617135 185112 96686 127813 101009 106515 617135 844258 880957 486317 670953 654117 3536602 52022234 53005490 52083913 51469867 56189763 264771267 0.98430 0.98370 0.00230 0.00270 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MANAGEMENT FEES CAFETERIA PORTION OF HEALTH BENEFITS MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 34162 34162 0 PART II-B, LINE 1: CONTINUING CARE LEADERSHIP COALITION DUES, LEADING AGE DUES AND NY PRESBYTERIAN DUES. 0 1 X 1713566 1713566 28411013 23061338 5349675 21708726 15511476 6197250 738676 630483 108193 13368684 RESIDENT TRUST FUNDS 320187 DUE FROM THIRD PARTIES 1621093 DUE FROM RELATED ORGANIZATIONS 1238717 OTHER RECEIVABLES 1743666 4923663 DUE TO THIRD PARTIES 827294 SWAP LIABILITY 1173414 2000708 X 57034236 865610 865610 56168626 0 56168626 55084808 1001940 1001940 54082868 0 54082868 PART IV, LINE 2B: FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THEM BY SILVERCREST. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE RESIDENTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. PART X, LINE 2: SILVERCREST HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SWAP AGREEMENT 256,285. RENTAL EXPENSES 8,367. OTHER ENTITY INCOME 600,958. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 8,367. OTHER ENTITY EXPENSE 993,573. ANNUAL GOLF CLASSIC 112340 84440 27900 4274 30653 4166 112340 84440 27900 4274 30653 4166 39093 -11193 X X X X X 0 1 0 0 0 0 0 1 0 GARY J ZUAR CHAIRMAN-BOARD 0 585287 0 376000 0 363263 0 22628 0 27901 0 1375079 0 103374 STEPHEN S MILLS FACHE VICE CHAIR/PRES./CEO 0 799947 0 120014 0 67516 0 21200 0 31096 0 1039773 0 0 KIMLEE ROLDAN-SANCHEZ TRUSTEE 0 272404 0 79101 0 27094 0 26927 0 19215 0 424741 0 0 KATHLEEN M BURKE ESQ TRUSTEE 0 290106 0 74037 0 5463 0 33124 0 24937 0 427667 0 0 MICHAEL J FOSINA TRUSTEE 0 428556 0 227113 0 142870 0 34098 0 31002 0 863639 0 0 MICHAEL TRETOLA FACHE SR. VP/ADMINISTRATOR 253687 50737 12756 2551 5325 1065 17667 3533 25633 5127 315068 63013 0 0 WILLIAM P WISSEMANN ESQ SR VP/GEN COUNS/SECRETARY 0 346273 0 34937 0 16315 0 21200 0 21279 0 440004 0 0 KEVIN J WARD CPA TREASURER 0 465942 0 48246 0 47915 0 21200 0 33611 0 616914 0 0 MITCHELL J DEFRIN CPA VP/CFO (UNTIL 10/26/15) 258704 8921 0 0 6742 232 19720 680 18263 630 303429 10463 0 0 DANIEL M RUSSO MD VP/CHIEF MEDICAL OFFICER 294909 0 14971 0 4185 0 21200 0 2755 0 338020 0 0 0 KYLE JACOBI ESQ ASSISTANT SECRETARY 0 238408 0 23970 0 1850 0 19176 0 10311 0 293715 0 0 KAREN DIKEMAN AVP REHABILITATION 140318 0 7308 0 1228 0 11615 0 22424 0 182893 0 0 0 NATASHA ELIE-LOUISSAINT LNHA VP/ASSOCIATE ADMINISTRATOR 158581 14417 8427 766 275 25 13392 1218 33295 3027 213970 19453 0 0 LORETTA MCMANUS VP OF NURSING 210458 0 10716 0 0 0 17031 0 21153 0 259358 0 0 0 DENISE LAWSON DR. OF PERFORMANCE IMPROVEMENT 138060 0 7008 0 792 0 6265 0 27737 0 179862 0 0 0 GRETCHEN GARTLEY-LOZANO AVP CONTROLLER 112987 19939 5737 1012 220 39 9117 1609 17007 3001 145068 25600 0 0 PART I, LINE 4B GARY J. ZUAR RECEIVED A CONTRIBUTION OF 293,471 TO HIS NONQUALIFIED RETIREMENT PLAN. MR STEPHEN MILLS PARTICIPATES IN A 457 (F) PLAN. NO CONTRIBUTION WAS MADE IN 2015. PART I, LINE 7 CERTAIN OFFICERS AND KEY EMPLOYEES OF THE NEW YORK PRESBYTERIAN HOSPITAL (NYP) THAT ARE IDENTIFIED IN PART VII AS OFFICERS OR TRUSTEES OF SILVERCREST ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2015 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. THE INDIVIDUALS LISTED IN PART VII THAT ARE COMPENSATED BY NYP DEVOTE AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM THEIR RESPONSIBILITIES FOR NYP AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE. X 1 25294 FMV 0 0 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 6 SILVERCREST CENTER FOR NURSING AND REHABILITATION (SILVERCREST) IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC. (SYSTEM INC.). SYSTEM INC. IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS ARE APPOINTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC., WHICH IS ALSO A TAX-EXEMPT ORGANIZATION. THE MEMBERS OF SILVERCREST ELECT THE SILVERCREST'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A SILVERCREST IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTH CARE SYSTEM, INC. ,WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC. THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B (A) THE MEMBERS SHALL HAVE THE SOLE AUTHORITY TO ESTABLISH FROM TIME TO TIME THE NUMBER OF TRUSTEES TO BE ELECTED AT LARGE, TO ELECT TRUSTEES TO BE ELECTED AT LARGE AND TO REMOVE TRUSTEES, INCLUDING TRUSTEES SERVING BY REASON OF THEIR OFFICE, WITH OR WITHOUT CAUSE. (B) THE APPROVAL OF THE MEMBERS SHALL BE REQUIRED FOR (1) THE ELECTION OR THE REMOVAL BY THE BOARD OF THE CHIEF FINANCIAL OFFICER, CHIEF MEDICAL OFFICER AND CHIEF INFORMATION OFFICER, IF ANY, OR ANY OTHER CORPORATE OFFICER WHOSE POWERS AND DUTIES INCLUDE THOSE WHICH USUALLY PERTAIN TO SUCH OFFICES, (2) THE AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BY-LAWS OF THE CORPORATION, (3) THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF SILVERCREST, (4) THE MERGER OR CONSOLIDATION OF SILVERCREST WITH ANOTHER ENTITY OR (5) THE DISSOLUTION OF SILVERCREST. EXCEPT AS MAY BE LIMITED BY APPLICABLE LAW GOVERNING HEALTH CARE INSTITUTIONS, THE MEMBERS SHALL HAVE SUCH OTHER POWERS AND AUTHORITY AS ARE AFFORDED TO THE MEMBERS UNDER THE SILVERCREST'S CERTIFICATE OF INCORPORATION OR GENERALLY TO MEMBERS OF NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WILL BE PRESENTED TO THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD AT A MEETING HELD DURING THE MONTH OF NOVEMBER 2016. EACH MEMBER WILL REVIEW IT AND WHEN SATISFIED, APPROVE IT, THE FORM 990 WILL ALSO BE APPROVED BY AUDIT MEMBERS AND RECORDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, AND ANY OFFICER OR KEY PERSON PRESENTING A PROPOSED TRANSACTION OR OTHER MATTER TO A BOARD, SHALL DISCLOSE PROMPTLY AND IN GOOD FAITH TO THE BOARD SUCH INDIVIDUAL'S INTEREST IN A PROPOSED TRANSACTION OR OTHER MATTER TO BE CONSIDERED BY THE BOARD. THE INDIVIDUAL MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE BOARD OR USE PERSONAL INFLUENCE IN ITS MATTERS. FOLLOWING ANY SUCH DISCLOSURE, AND AFTER SUCH DUE DILIGENCE AND SUCH DEVELOPMENT AND CONSIDERATION OF OTHER ALTERNATIVES, IF ANY, AS THE BOARD SHALL DEEM APPROPRIATE, THE BOARD MAY, IN ITS DISCRETION, AUTHORIZE OR APPROVE THE PROPOSED TRANSACTION OR OTHER MATTER AS AT LEAST AS FAIR AND REASONABLE TO SILVERCREST AS WOULD OTHERWISE BE OBTAINABLE BY SILVERCREST. SUCH ACTIONS SHALL BE BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED PERSON OR PERSONS AND SUCH PERSON OR PERSONS MAY NOT PARTICIPATE IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING. NO EMPLOYEE, MEMBER OF THE MEDICAL STAFF OR ANY OTHER PERSON RECEIVING COMPENSATION DIRECTLY OR INDIRECTLY FROM A SILVERCREST ORGANIZATION SHALL SERVE AS A MEMBER OF A BOARD COMMITTEE RESPONSIBLE FOR AUDIT AND CORPORATE COMPLIANCE OR EXECUTIVE COMPENSATION MATTERS. UPON REASONABLE BELIEF THAT A BOARD MEMBER, OFFICER OR KEY PERSON FAILED TO COMPLY WITH THE POLICIES AND DIRECTIVES SET FORTH IN THIS POLICY STATEMENT, THE BOARD OF SILVERCREST OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF SILVERCREST SHALL INFORM THE INDIVIDUAL OF THE BASIS OF THE BELIEF AND PROVIDE AN OPPORTUNITY TO EXPLAIN THE NONCOMPLIANCE. IF AFTER HEARING THE RESPONSE FROM THE INDIVIDUAL AND MAKING FURTHER APPROPRIATE INVESTIGATIONS, THE BOARD OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE DETERMINES THAT THE INDIVIDUAL HAS, IN FACT, FAILED TO COMPLY WITH SUCH POLICIES AND DIRECTIVES, IT SHALL TAKE OR RECOMMEND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION AND KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE. THE COMMITTEE CONDUCTS A SALARY SEARCH OF OTHER SIMILAR ORGANIZATIONS. THE LAST SEARCH WAS PERFORMED IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE FOR THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G BILLING FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 455,924. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 455,924. EMPLOYMENT SERVICE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 76,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,327. CONTRACT SERVICE FEE: PROGRAM SERVICE EXPENSES 11,315. MANAGEMENT AND GENERAL EXPENSES 14,685. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,000. SECURITY : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 223,661. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,661. BUILDING SERVICE: PROGRAM SERVICE EXPENSES 194,684. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 194,684. FOOD SERVICE: PROGRAM SERVICE EXPENSES 3,566,630. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,566,630. REPAIR & MAINTENANCE: PROGRAM SERVICE EXPENSES 44,175. MANAGEMENT AND GENERAL EXPENSES 1,689. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,864. PATIENT SERVICE FEES: PROGRAM SERVICE EXPENSES 2,798,079. MANAGEMENT AND GENERAL EXPENSES 584,613. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,382,692. OTHER SERVICES: PROGRAM SERVICE EXPENSES 92,016. MANAGEMENT AND GENERAL EXPENSES 16,053. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108,069. FORM 990, PART XI, LINE 9: GAIN ON SWAP AGREEMENT 256,285. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. 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