2016-05-12T10:22:58-05:00 2015-06-30 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2014-07-01 911943271 MMC RESIDENTIAL CORP I Inc % DAVID INGBER MMCR 9143498400 3411 Wayne Avenue Bronx NY 10467 DAVID INGBER TREASURER 2016-05-11 CHRISTOPHER B BOGGS P00032493 2127733000 2014 2016-08-17 19:52:53Z EDWARD PFLEGING 111 EAST 210TH STREET BRONX NY 10467 2470443 false X N/A X 1995 NY MMC RESIDENTIAL CORP. I, INC. PROVIDES HOUSING TO MEDICAL RESIDENTS OF MONTEFIORE MEDICAL CENTER TO ENSURE THE CONTINUITY OF CARE TO THE PATIENTS SERVED. 3 0 5 0 0 0 0 2000226 2457843 55 0 12600 12600 2012881 2470443 0 0 0 0 223751 251447 0 0 0 1167286 1162361 1391037 1413808 621844 1056635 2968918 3265161 3642570 2882178 -673652 382983 MMC RESIDENTIAL CORP. I, INC. PROVIDES HOUSING TO MEDICAL RESIDENTS OF MONTEFIORE MEDICAL CENTER IN ORDER FOR THE RESIDENTS TO RESIDE NEAR THE HOSPITAL TO ENSURE THE CONTINUITY OF MEDICAL CARE TO THE PATIENTS SERVED. false false MMC RESIDENTIAL CORP. I, INC. OWNS AND OPERATES A RENTAL APARTMENT BUILDING NEAR MONTEFIORE MEDICAL CENTER, AN ACADEMIC MEDICAL CENTER, WHOSE MISSION IS TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. MMC RESIDENTIAL CORP. I, INC. PROVIDES HOUSING TO THE MEDICAL CENTER'S MEDICAL RESIDENTS SO THEY CAN RESIDE NEAR THE MEDICAL CENTER TO PROVIDE THE REQUIRED MEDICAL CARE. false false false false false false false true false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true X 3 0 true 5 true false false false false false false X 3 0 false false false false true true true true true false false true true true true true true false false false NY X DAVID INGBER 9143498400 555 SOUTH BROADWAY BLDG A TARRYTOWN NY 10591 EDWARD PFLEGING PRESIDENT 1.0 59.0 X X 0 581626 49599 DAVID INGBER TREASURER 1.0 59.0 X X 0 504553 50882 CHRISTOPHER PANCZNER SECRETARY 1.0 59.0 X X 0 979499 271790 DONALD ASHKENASE FORMER PRESIDENT 0.0 60.0 X 0 343449 51069 0 2409127 423340 0 true true false BURNS INTERNATIONAL SECURITY SERV PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 122170 ELI TECH INDUSTRIES INC POBox 171 Throgs Neck Station BRONX NY 10465 ELEVATOR SERVICES 374317 2 0 RENTAL INCOME 531110 2457843 2457843 2457843 0 0 0 0 0 0 0 0 0 0 LAUNDRY ROOM INCOME 812300 12600 12600 12600 2470443 2470443 X 0 0 0 0 0 0 191607 0 44732 15108 62284 0 0 0 0 0 268115 0 7070 0 0 660612 0 0 0 0 0 164280 0 1413808 0 0 273019 565310 0 0 9138 15388 0 0 0 0 0 0 0 0 285999 293435 7751271 5474274 2298595 2276997 0 0 0 0 0 0 0 0 102167 114031 2968918 3265161 353531 449818 0 0 0 0 0 0 22949 11413 0 0 1347723 1276864 0 0 1918367 1144083 3642570 2882178 X -673652 382983 0 0 0 0 -673652 382983 2968918 3265161 1056635 X false true X true false false true X 225000 225000 5392320 3884018 1508302 2098446 1576462 521984 35505 13794 21711 2276997 0 DUE TO MONTEFIORE MEDICAL CENTER 1144083 1144083 SCHEDULE D, PART IV, LINE 2B MMC Residential Corp. I, Inc. holds security deposits from tenants in an escrow account pursuant to the individual lease agreements between the tenants and the organization. These deposits are returned to the tenants once they vacate their apartment, less any amounts due from tenants for damages or unpaid rent. false true false EDWARD PFLEGING PRESIDENT 0 458069 0 100000 0 23557 0 17000 0 32599 0 631225 0 0 DAVID INGBER TREASURER 0 497421 0 0 0 7132 0 17000 0 33882 0 555435 0 0 CHRISTOPHER PANCZNER SECRETARY 0 624900 0 343800 0 10799 0 271790 0 0 0 1251289 0 0 DONALD ASHKENASE FORMER PRESIDENT 0 339023 0 0 0 4426 0 17000 0 34069 0 394518 0 0 Part I, Line 4B & Part II-Col (C) As it related to the compensation from Montefiore Health System, Inc. The Compensation Committee reviews and approves all forms of compensation and benefits provided to each executive (except those generally provided to all management level employees) with the assistance of a national independent compensation consulting firm. The consulting firm assists the Compensation Committee with its decision-making process to ensure executive compensation levels are reasonable and appropriate relative to those of other similar organizations. Base salaries in Column B(i) are determined based on competitive market practices for comparable positions with similar size organizations and scope of responsibilities. Bonus and incentive compensation in Column B(ii) is based on the achievement of performance goals. The executives' compensation program has a significant pay-at-risk component to ensure the alignment of pay and organizational performance. Goals are set in advance in areas such as quality of care, patient satisfaction, community services and financial performance. Compensation is at risk if the goals established by the Compensation Committee are not met. In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of the Board of Trustees expressly reviewed and approved these retirement benefit arrangements for senior executives in a manner that qualified under the intermediate sanctions rules of the Federal tax law, and in recognition of (a) the executives' years of service to the organization and (b) the significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the organization. Christopher Panczner - Accrued and unpaid service costs of $254,790. Form 990, Part IV, Line 12B: THE FINANCIAL INFORMATION REPORTED IN THE FORM 990 IS FOR THE FISCAL YEAR BEGINNING JULY 1, 2014 AND ENDED JUNE 30, 2015. THE FIRST SIX MONTHS (JULY THROUGH DECEMBER 2014) OF THE AMOUNTS REPORTED IN THIS RETURN WERE INCLUDED IN THE PARENT COMPANY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014. THE SECOND SIX MONTHS (JANUARY THROUGH JUNE 2015) WERE INCLUDED IN THE PARENT COMPANY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015. FORM 990, PART V, LINE 2A: ALL EMPLOYEES ARE PAID BY MONTEFIORE MEDICAL CENTER, THE COMMON PAYMASTER. MONTEFIORE MEDICAL CENTER ISSUES ALL W-2S. SALARIES ARE DIRECTLY ALLOCATED TO MMC RESIDENTIAL CORP. I, INC. ALL FEDERAL EMPLOYMENT TAX RETURNS ARE FILED BY MONTEFIORE MEDICAL CENTER, THE COMMON PAYMASTER. Form 990, Part VI, Section A, Line 6: MONTEFIORE MEDICAL CENTER IS THE SOLE CORPORATE MEMBER OF MMC RESIDENTIAL CORP. I, INC. Form 990, Part VI, Section A, Line 7A: THE BOARD OF TRUSTEES OF MONTEFIORE MEDICAL CENTER, THE SOLE MEMBER, HAS THE AUTHORITY TO APPOINT THE BOARD OF TRUSTEES OF MMC RESIDENTIAL CORP. I, INC. Form 990, Part VI, Section A, Line 7B: THE BOARD OF TRUSTEES OF MONTEFIORE MEDICAL CENTER, THE SOLE MEMBER, HAS THE AUTHORITY TO APPROVE THE OPERATING AND CAPITAL BUDGETS OF MMC RESIDENTIAL CORP. I, INC. Form 990, Part VI, Section B, Line 11B: THE FORM 990 WAS PREPARED BY MONTEFIORE MEDICAL CENTER'S FINANCE DEPARTMENT. THE FORM 990 WAS REVIEWED AND APPROVED BY MONTEFIORE MEDICAL CENTER'S VICE PRESIDENT-FINANCE. AN INDEPENDENT ACCOUNTING FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE VARIOUS REVIEWS, THE FINAL FORM 990 WAS PROVIDED TO THE BOARD OF TRUSTEES OF MMC RESIDENTIAL CORP. I, INC. FOR APPROVAL PRIOR TO FILING. Form 990, Part VI, Section B, Line 12C: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY MEANS OF A SURVEY THAT WAS DEVELOPED BY MONTEFIORE'S COUNSEL. THE MMC RESIDENTIAL CORP. I, INC.'S BOARD OF TRUSTEES ADOPTED THE POLICY OF MONTEFIORE MEDICAL CENTER, ITS SOLE MEMBER. THE POLICY STIPULATES THAT THE GENERAL APPROACH WHEN A POTENTIAL CONFLICT ARISES IS TO DISCLOSE THE POSSIBLE CONFLICT TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER WILL MAKE EVERY EFFORT TO PROVIDE GUIDANCE TO PERMIT RESOLUTION OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE COMPLIANCE OFFICER WILL TAKE THE APPROPRIATE ACTIONS, INCLUDING ADVISING MMC RESIDENTIAL CORP. I, INC.'S BOARD OF TRUSTEES REGARDING PARTICULAR CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15A & 15B: THE OFFICERS PRESENTED IN PART VII AND SCHEDULE J ARE NOT EMPLOYED AND PAID BY THE ORGANIZATION RATHER ARE EMPLOYED AND PAID BY MONTEFIORE HEALTH SYSTEM, INC. MONTEFIORE HEALTH SYSTEM, INC. IS COMMITTED TO ENSURING THAT ITS EXECUTIVE COMPENSATION PROGRAM ADHERES TO THE HIGHEST STANDARDS OF REGULATORY COMPLIANCE AND BEST CORPORATE GOVERNANCE. THE BOARD OF TRUSTEES HAS CHARGED THE COMPENSATION COMMITTEE OF THE BOARD (WHICH IS COMPRISED OF INDEPENDENT BOARD MEMBERS WITH NO CONFLICTS OF INTEREST IN REGARDS TO EXECUTIVE COMPENSATION) WITH MAKING ALL DECISIONS RELATED TO COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. ALL DECISIONS MADE BY THE COMPENSATION COMMITTEE ARE APPROPRIATELY AND TIMELY DOCUMENTED IN MEETING MINUTES. THE COMPENSATION COMMITTEE'S REVIEW PROCESS FOLLOWS THE INTERMEDIATE SANCTIONS GUIDELINES FOR QUALIFYING FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT WITH THIS PROCESS. COMPENSATION LEVELS ARE ESTABLISHED CONSIDERING DATA FOR COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF MANAGEMENT PERFORMANCE (INCLUDING THE SERVICES PROVIDED TO THE COMMUNITY), AND OTHER BUSINESS JUDGMENT FACTORS, CONSISTENT WITH MONTEFIORE'S EXECUTIVE COMPENSATION PHILOSOPHY. THE COMMITTEE'S DECISIONS ARE MADE IN THE BEST INTEREST OF MONTEFIORE, AND ARE INTENDED TO ENSURE THE RECRUITMENT AND RETENTION OF KEY EXECUTIVE TALENT, CONSISTENT WITH THE MARKET PRACTICES OF OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS OF COMPARABLE SCOPE, MISSION AND COMPLEXITY. ON AN ANNUAL BASIS, THE COMMITTEE PROVIDES THE FULL BOARD OF TRUSTEES WITH A DESCRIPTION OF THE COMMITTEE'S REVIEW AND APPROVAL PROCESS AND ITS DECISIONS. Form 990, Part VI, Section C, Line 19: THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:SECURITY GUARD SERVICES TOTAL FEES:258345 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEE TOTAL FEES:9770 MONTEFIORE HOSP HOUSING SECTION IIINC 3450 WAYNE AVENUE BRONX NY 10467 237160641 STAFF HOUSING NY 501(C)(2) MMC true MMC CORPORATION 111 EAST 210TH STREET BRONX NY 10467 133430322 REAL ESTATE NY 501(C)(3) 11 TYPE I MMC true MOSHOLU PRESERVATION CORPORATION 3400 RESERVIOR OVAL EAST BRONX NY 10467 133109387 COMMUNITY SER NY 501(C)(3) 11 TYPE II MMC true GUNHILL MRI PC 200 EAST GUNHILL ROAD BRONX NY 10467 133734486 DIAG SERVICES NY 501(C)(3) 11 TYPE I MMC true MONTEFIORE HEALTH SYSTEM INC 555 SOUTH BROADWAY TARRYTOWN NY 10591 201615393 PARENT NY 501(C)(3) 11 TYPE III MMAHS false MONTEFIORE NORTH AMBULATORY CARE CENTER 4234 BRONX BOULEVARD BRONX NY 10466 010796859 AMB SERVICES NY 501(C)(3) 3 MHS false MONTEFIORE NEW ROCHELLE HOSPITAL 16 GUION PLACE NEW ROCHELLE NY 10801 462931956 HOSPITAL NY 501(C)(3) 3 MHS false MONTEFIORE MOUNT VERNON HOSPITAL 12 NORTH SEVENTH AVENUE MOUNT VERNON NY 10550 462916938 HOSPITAL NY 501(C)(3) 3 MHS false SCHAFFER EXTENDED CARE CENTER 16 GUION PLACE NEW ROCHELLE NY 10801 462929888 NURSING HOME NY 501(C)(3) 9 MHS false MONTEFIORE FOUNDATION INC 111 EAST 210TH STREET BRONX NY 10467 471600439 INACTIVE NY 501(c)(3) 11 TYPE I MHS false COM AFFILIATION INC 111 EAST 210TH STREET BRONX NY 10467 472209056 INACTIVE NY 501(c)(3) 2 MMAHS false MONTEFIORE MEDICINE ACAD HLTH SYSINC 555 SOUTH BROADWAY TARRYTOWN NY 10591 471582973 SYS PARENT NY 501(c)(3) 11 TYPE II NA false MONTEFIORE MEDICAL CENTER 111 EAST 210TH STREET BRONX NY 10467 131740114 ACAD MED CTR NY 501(c)(3) 3 MHS false WHITE PLAINS HOSPITAL MEDICAL CENTER 41 EAST POST ROAD WHITE PLAINS NY 10601 131740130 HOSPITAL NY 501(C)(3) 3 MHS false WHITE PLAINS HOSPITAL CENTER FOUNDATION 41 EAST POST ROAD AND DAVIS AVE WHITE PLAINS NY 10601 133281507 FUNDRAISING NY 501(C)(3) 11 TYPE I WPH false THE NYACK HOSPITAL 160 NORTH MIDLAND AVENUE NYACK NY 10960 131740119 HOSPITAL NY 501(C)(3) 3 MHS false UNIVERSITY BEHAVIORAL ASSOCIATES INC 111 EAST 210TH STREET BRONX NY 10467 133877781 MGMT SERVICES NY NA C CORP true THE MONTEFIORE IPA INC 111 EAST 210TH STREET BRONX NY 10467 134114915 MANAGED CARE NY NA C CORP true MMC GI HOLDINGS EAST INC 111 EAST 210TH STREET BRONX NY 10467 721610013 HOLDING COMPANY NY NA C CORP true MMC GI HOLDINGS WEST INC 111 EAST 210TH STREET BRONX NY 10467 721610015 HOLDING COMPANY NY NA C CORP true MONTEFIORE BEHAVIORAL CARE IPA NO1INC 111 EAST 210TH STREET BRONX NY 10467 133952750 INTEG PROV ASSOC NY NA C CORP true BRONX ACCOUNTABLE HEALTHCARE NETWORK IPA 111 EAST 210TH STREET BRONX NY 10467 300689571 MANAGED CARE NY NA C CORP true MONTEFIORE CONSOLIDATED VENTURES INC 111 EAST 210TH STREET BRONX NY 10467 611728539 HOLDING COMPANY NY NA C CORP true MMC CONTRACT MANAGEMENT ORGNO 1INC 111 EAST 210TH STREET BRONX NY 10467 133859895 CONTRACT MGMT NY NA C CORP true MONTEFIORE INSURANCE COMPANYINC 111 EAST 210TH STREET BRONX NY 10467 320436594 INACTIVE NY NA C CORP false MONTEFIORE COMMUNITY NETWORK LLC 111 EAST 210TH STREET BRONX NY 10467 461374475 INACTIVE NY NA C CORP true 8 LONGVIEW DEVELOPMENT CORPORATION DAVIS AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 263321278 HOUSING NY NA C CORP false WHITE PLAINS MEDICAL DIAGNOSTIC SERVICES 41 E POST ROAD WHITE PLAINS NY 10601 453164626 PROFESSIONAL SVCS NY NA C CORP false CANCER AND BLOOD MEDICAL SERVICES OF NY 41 E POST ROAD WHITE PLAINS NY 10601 462021804 PROFESSIONAL SVCS NY NA C CORP false DAVIS AVENUE CORP DAVID AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 133331643 PROFESSINAL SVCS NY NA C CORP false POST DEVELOPMENT CORPORATION DAVID AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 222605281 PROFESSIONAL SVCS NY NA C CORP false WPHC BUILDING CORP DAVID AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 133676932 REAL ESTATE NY NA C CORP false WHITE PLAINS MANAGEMENT CO INC DAVID AVENUE AT EAST POST ROAD WHITE PLAINS NY 10601 133331641 MANAGEMENT SVCS NY NA C CORP false false false false false false false false false false true false false true false false true false false false MONTEFIORE MEDICAL CENTER J 2293917 COST MONTEFIORE MEDICAL CENTER M 62284 COST MONTEFIORE MEDICAL CENTER P 82059 COST