2016-05-13T11:47:06-07:00 2015-06-30 990 2014-07-01 311501393 MONTEFIORE HOUSING CORPORATION MONT 4405434221 One David N Myers Parkway Beachwood OH 441221162 Mark Weiss CFO 2169102640 2016-05-13 2014 2016-08-17 19:52:53Z Mark Weiss 1 David N Myers Pkwy Beachwood OH 44122 9106933 0 X www.theweils.org X 1996 OH The Weils provides the finest in residential, nursing, and dementia care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents above all. The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 5 5 319 91 0 0 15550 630889 8357280 8474297 1663 1747 0 0 8374493 9106933 0 91000 0 0 4383799 4438225 0 0 0 3560619 3932480 7944418 8461705 430075 645228 18521767 20784694 15709947 17255887 2811820 3528807 The Weils provides the finest in residential, nursing, and residential care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents. Above all, The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 0 0 3646905 0 4936249 The Weils of Bainbridge is an assisted living facility which caters to the needs of the elderly including nursing care, activities, programs, and other daily tasks (67 suites). The memory care wing at The Weils offers a safe, nurturing and home-like environment with activities and nursing care for those with early-to-mid stage dementia and Alzheimer's (8 suites). 2963399 0 3538048 The Rehab Pavilion at The Weils is a rehab facility for post hospital patients who need additional nursing care and therapy to regain their strength before returning home. 0 0 0 6610304 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 37 0 319 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X Mark Weiss 2169102640 One David N Myers Pkwy Beachwood OH 441221101 Andrew Hoffmann Vice Chair 0 0 X X 0 0 0 Robert Lustig Immediate Past Chair 0 0 X X 0 0 0 Lawrence Mack Montefiore Board Chair 0 0 X X 0 0 0 Steven Willensky Chair 0 0 X X 0 0 0 Ira Goffman Treasurer 0 0 X X 0 0 0 Lauren Rock President/CEO 10 0 X 0 307628 44521 Mark Weiss VP/Administrator/CFO 10 0 X 0 232341 27256 0 539969 71777 0 0 1 1 Morrison Management Specialists PO Box 102289 Atlanta GA 303682289 Dietary Management 640928 1 0 0 0 630889 0 0 0 630889 Assisted Living Revenue 623000 4936249 4936249 0 0 Rehab Pavilion Revenue 623000 3538048 3538048 0 0 0 0 0 0 8474297 1747 0 0 1747 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9106933 8474297 0 1747 91000 91000 0 0 0 0 0 0 91428 0 91428 0 0 0 0 0 3803464 3511465 291999 0 58345 53094 5251 0 180194 162892 17302 0 304794 277363 27431 0 861463 0 861463 0 1472 0 1472 0 14799 0 14799 0 0 0 0 0 0 0 0 0 0 0 94259 94259 0 0 84401 0 84401 0 658470 541508 116962 0 67035 0 67035 0 0 0 0 0 255864 255864 0 0 41078 16696 24382 0 0 0 0 0 0 0 0 0 190580 177239 13341 0 13872 0 13872 0 718927 668602 50325 0 147884 137532 10352 0 Dietary food, supplies, and equipment 517295 517295 0 0 Government mandated fees 128079 0 128079 0 All other expenses 137002 105495 31507 0 8461705 6610304 1851401 0 1675932 801646 588996 500052 0 0 774323 760300 0 0 0 0 0 0 21819 29172 77909 224458 20711138 6510941 14703053 14200197 0 0 0 0 0 0 0 0 679735 4268869 18521767 20784694 701933 2329004 0 0 13794 0 13775000 13280000 0 0 0 0 0 0 50001 460418 1169219 1186465 15709947 17255887 X 2811820 3528807 0 0 0 0 2811820 3528807 18521767 20784694 X 645228 0 0 0 0 71759 X 0 1 X 1 0 X 132762 61556 15898 15550 630889 856655 7129569 7669548 7908284 8357280 8474297 39538978 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7262331 7731104 7924182 8372830 9105186 40395633 0 0 0 0 0 0 109904 131033 152313 99663 89968 582881 109904 131033 152313 99663 89968 582881 39812752 2393 1336 1400 1663 1747 8539 2393 1336 1400 1663 1747 8539 7264724 7732440 7925582 8374493 9106933 40404172 0.98536 0.97900 0.00021 0.00031 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3066200 3066200 0 15841704 5194834 10646870 0 283922 238675 45247 0 1519312 1077432 441880 0 0 0 0 14200197 Construction in Progress 3924009 Bond Closing Fees, Net 199215 Loan Issuance Costs 145645 4268869 0 Deposits 310187 Due to Nursing Facility 180037 Due to Foundation 696241 1186465 X 9106933 0 0 0 0 0 9106933 0 0 0 9106933 8461705 0 0 0 0 0 8461705 0 0 0 8461705 Schedule D, Part X, Line 1 Deposits represent resident security deposits. The due to/from accounts represent liability accounts with the Montefiore Home. Schedule D, Part X, Line 2 The Internal Revenue Service has ruled that the Housing Corporation qualifies under Section 501(c)(3) of the Internal Revenue Code and is, therefore, not subject to tax under present Federal income tax laws. The Housing Corporation's income tax filings are subject to audit by various taxing authorities. The Housing Corporation's open audit periods are for the years ended June 30, 2012 through current. In evaluating the Housing Corporation's activities, the Housing Corporation believes its position of tax-exempt status is current based on current facts and circumstances. The Housing Corporation has further assessed that there are no activities unrelated to the purpose of the Housing Corporation and therefore no unrelated business income tax is to be recognized. It is the policy of the Housing Corporation to include in operating expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the years ended June 30, 2015 and 2014. 1 The Montefiore Foundation 1 David N Myers Pkwy Beachwood OH 44122 341788055 501(c)(3) 91000 0 1 0 Schedule I, Part I, Line 2 The Board meets periodically and considers grants put forward. 0 0 0 0 0 0 0 0 0 Lauren Rock President/CEO 0 307628 0 0 0 0 0 0 0 44521 0 352149 0 0 Mark Weiss VP/Administrator/CFO 0 232341 0 0 0 0 0 0 0 27256 0 259597 0 0 A Colorado Educational & Cultural Facilities Authority 840896727 2010-12-16 15400000 Refinancing existing debt 0 0 0 A 0 0 15400000 0 0 0 0 0 0 15400000 0 0 2010 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 1 Schedule K, Part IV, Line 2c-12/16/2010 15,400,000 Colorado Educational & Cultural Facilities Author 12/16/2010 15,400,000 Colorado Educational & Cultural Facilities Author - It was determined in 2010 that no rebate is due. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by accounting staff and is then reviewed by the CFO. Once review notes are cleared, the 990 is then reviewed by an independent auditor. The 990 is then presented to the appropriate Board. Form 990, Part VI, Section B, Line 12c The Housing Corporation sends out an annual conflict of interest questionnaire to be completed by board members and officers. The results are reviewed by accounting staff and CFO annually. If any conflict of interest arises during the year, it would be discussed at a board meeting. Form 990, Part VI, Section C, Line 19 Documents are available to the public upon request. Form 990, Part XI, Line 9 Change in value of interest rate swap of $87,073 and change in unfunded pension liability of ($15,314). Montefiore Home 1 David N Myers Pkwy Beachwood OH 44122 340714360 Skilled Nursing OH 501(c)(3) 9 N/A 0 The Montefiore Foundation 1 David N Myers Pkwy Beachwood OH 44122 341788055 Fundraising OH 501(c)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 Extension granted to May 15th.