2016-08-08T16:05:55-05:00 2015-09-30 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 10036 990 2014-10-01 133109387 Mosholu Preservation Corporation % DAVID INGBER MOSH 7183244461 3400 Reservoir Oval East Bronx NY 10467 DAVID INGBER TREASURER/SECRETARY 2016-08-03 CHRISTOPHER B BOGGS P00032493 2127733000 2014 2016-12-15 16:53:06Z DAVID INGBER 555 SOUTH BROADWAY TARRYTOWN NY 10591 2351086 false X WWW.MPCBRONX.ORG X 1981 NY Mosholu Preservation Corporation owns and operates several affordable operates several affordable residential real estate properties, produces a free newspaper and provides community services. 8 5 7 0 96354 90141 75753 2345024 2274564 877 769 0 0 2436042 2351086 0 0 0 0 456173 366591 0 0 0 1929838 1979816 2386011 2346407 50031 4679 5852280 5631706 3257699 2980556 2594581 2651150 MOSHOLU PRESERVATION CORPORATION OWNS AND OPERATES SEVERAL AFFORDABLE RESIDENTIAL REAL ESTATE PROPERTIES, PRODUCES A FREE NEWSPAPER AND PROVIDES COMMUNITY SERVICES. ITS PURPOSE IS TO BE A RESOURCE FOR ENSURING ECONOMIC AND SOCIAL STABILITY FOR THE RESIDENTS AND BUSINESSES SURROUNDING MONTEFIORE MEDICAL CENTER. false false 1692721 2178079 Economic development, community development and real estate operations to improve the quality of life for the residents and businesses in areas surrounding Montefiore Medical Center. Mosholu Preservation Corporation owns and operates several residential buildings that were previously rehabilitated to promote affordable housing for low and moderate income local residents. 210222 96485 Operates the Norwood news (a free newspaper) to foster communication among citizens and organizations and to be a catalyst for neighborhood development efforts. The Norwood news is a community newspaper serving the Bronx. 68253 0 Activities designed to combat community deterioration by coordinating business improvement districts, neighborhood beautification projects and community services programs. 1971196 true true false false false false false false true false true false false false true false true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true X 9 0 true 7 true true true false false false false false false false false false X 8 5 false false false false false false false true true false false true true true true true true false false false NY X DAVID INGBER 7183244461 555 SOUTH BROADWAY BLDG A TARRYTOWN NY 10591 DAVID INGBER TREASURER/SECRETARY 2.0 58.0 X X 0 504553 50882 CHRISTOPHER PANCZNER DIRECTOR 1.0 59.0 X 0 979499 271790 WILLIAM SHANAHAN DIRECTOR (resigned 7/31/15) 1.0 59.0 X 0 280850 48730 LEWIS HENKIND CHAIRMAN 1.0 2.5 X X 0 0 0 MARGARET HAYES ADAME DIRECTOR 0.5 1.5 X 0 0 0 RENEE KULICK DIRECTOR 0.5 0.0 X 0 0 0 DORIS QUINONES DIRECTOR 0.5 0.0 X 0 0 0 ELEANOR LUNDEEN DIRECTOR 0.5 0.0 X 0 0 0 LYNN RICHMOND director 1.0 59.0 X 0 969231 373414 SHEILA MCGRATH ASSISTANT SECRETARY 1.0 59.0 X 0 135537 40743 ROBERTO GARCIA EXEC DIRECTOR(resigned 8/1/15) 16.0 24.0 X 83814 125721 27737 83814 2995391 813296 0 false true false LANGSAM PROPERTY SERVICES 1601 BRONXDALE AVENUE BRONX NY 10462 135757 1 24000 5253 46500 0 75753 RENTAL OF RESIDENTIAL BUILDINGS 533110 2178079 2178079 NEWSPAPER ADVERTISING 511110 96354 96354 MISCELLANEOUS REVENUE 511110 131 131 2274564 769 769 0 0 0 0 0 0 0 0 0 0 2351086 2178079 96354 900 0 0 0 0 50039 35896 14143 0 240742 140352 100390 22568 16189 6379 33633 16518 17115 19609 11808 7801 132222 132222 37695 37695 21595 21595 0 0 0 182271 112747 69524 5825 5825 130694 105541 25153 0 0 1052125 1000789 51336 1681 1546 135 0 0 0 0 314132 314132 62376 24786 37590 OTHER MISCELLANEOUS EXPENSES 39200 15150 24050 2346407 1971196 375211 0 362282 355323 0 0 0 0 218452 280587 0 0 0 0 0 0 0 0 161391 169095 8029187 3349533 4943908 4679654 0 0 0 0 0 0 0 0 166247 147047 5852280 5631706 117979 88327 0 0 3908 6888 0 0 134736 124960 0 0 2001621 1939726 0 0 999455 820655 3257699 2980556 X 2594581 2651150 0 0 0 0 2594581 2651150 5852280 5631706 X 4679 51890 X false true X true false X X 1 MONTEFIORE MEDICAL CENTER 131740114 3 true 0 0 1 0 true false false false false false false false false false false false false false false false Schedule A, Part IV, Section 2, Line 1 The Medical Center's Board of Trustees nominates a majority of the Board of Directors for Mosholu Preservation Corporation. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 270542 270542 7666695 3261711 4404984 91950 87822 4128 4679654 0 DUE TO MONTEFIORE MEDICAL CENTER 820655 820655 2351086 2351086 2351086 2346407 2346407 2346407 SCHEDULE D, PART IV, LINE 2B The Corporation has collected security deposits equal to approximately one month rent which are held pursuant to the individual lease agreements between the tenants and the Corporation. The deposits are returned to the tenants once they vacate the apartment less amounts, if any, due from the tenants for damages or unpaid rent. false true false false false false false false false DAVID INGBER TREASURER/SECRETARY 0 497421 0 0 0 7132 0 17000 0 33882 0 555435 0 0 CHRISTOPHER PANCZNER DIRECTOR 0 624900 0 343800 0 10799 0 271790 0 0 0 1251289 0 0 WILLIAM SHANAHAN DIRECTOR (resigned 7/31/15) 0 279156 0 0 0 1694 0 17000 0 31730 0 329580 0 0 SHEILA MCGRATH ASSISTANT SECRETARY 0 125258 0 8500 0 1779 0 10765 0 29978 0 176280 0 0 ROBERTO GARCIA EXEC DIRECTOR(resigned 8/1/15) 73135 109702 4000 6000 6679 10019 6800 10200 4295 6442 94909 142363 0 0 LYNN RICHMOND director 0 612082 0 346400 0 10749 0 340020 0 33394 0 1342645 0 0 Part I, line 4B & Part II - Col (B) & (C) For Christopher Panczner and Lynn Richmond as it relates 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. Lynn Richmond - Accrued and unpaid service costs of $323,020. PART IV LINE 12B FINANCIAL INFORMATION PERIOD The financial information reported in the Form 990 is for the fiscal year beginning October 1, 2014 and ended September 30, 2015, which coincides with the audited financial statements referred to in Line 12a. THE FIRST THREE MONTHS (OCTOBER THROUGH DECEMBER 2014) OF THE AMOUNTS REPORTED IN THIS RETURN WERE INCLUDED IN PARENT COMPANY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014. THE SECOND NINE MONTHS (JANUARY THROUGH SEPTEMBER 2015) WERE INCLUDED IN THE PARENT COMPANY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015. PART V LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W-3 ALL EMPLOYEES ARE PAID BY MONTEFIORE MEDICAL CENTER, THE COMMON PAYMASTER. MONTEFIORE MEDICAL CENTER ISSUES ALL W-2S. SALARIES ARE ALLOCATED TO MOSHOLU PRESERVATION CORPORATION BASED ON THE EMPLOYEES WORKING FOR THE COMPANY. ALL FEDERAL EMPLOYMENT TAX RETURNS ARE FILED BY MONTEFIORE MEDICAL CENTER, THE COMMON PAYMASTER. PART VI SECTION B LINE 11B FORM 990 DESCRIPTION THE FORM 990 WAS PREPARED BY MONTEFIORE MEDICAL CENTER FINANCE DEPARTMENT. THE FORM 990 WAS REVIEWED AND APPROVED BY MONTEFIORE MEDICAL CENTER'S VICE PRESIDENT - FINANCE. AN INDEPENDENT PUBLIC ACCOUNTING FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE VARIOUS REVIEWS, THE FINAL FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS OF MOSHOLU PRESERVATION CORPORATION FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING. PART VI SECTION B LINE 12C ORGANIZATION COMPLIANCE POLICY MONITORING AND ENFORCEMENT 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. MOSHOLU PRESERVATION CORPORATION'S BOARD OF DIRECTORS ADOPTED THE POLICY OF MONTEFIORE MEDICAL CENTER. THE POLICY STIPULATES THAT THE GENERAL APPROACH WHEN A POTENTIAL CONFLICT OF INTEREST 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 APPROPRIATE ACTIONS, INCLUDING ADVISING MOSHOLU PRESERVATION CORPORATION'S BOARD OF DIRECTORS REGARDING PARTICULAR CONFLICTS OF INTEREST. PART VI SECTION B LINE 15A & 15B DETERMINATION OF OFFICER'S COMPENSATION THE OFFICERS PRESENTED IN PART VII AND SCHEDULE J ARE NOT EMPLOYED BY THE COMPANY. ACCORDINGLY, THE COMPANY DOES NOT HAVE A FORMAL PROCESS FOR DETERMINING THEIR COMPENSATION. THE OFFICERS ARE EMPLOYED BY Montifiore Health System, Inc, the parent of Montefiore Medical Center. THE COMPENSATION FROM MONTEFIORE Health System IS DETERMINED ACCORDING TO HEALTH SYSTEM'S POLICY. PART VI SECTION C LINE 19 AVAILABILITY OF ORGANIZATION GOVERNING DOCUMENTS THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI LINE 9 The increase in net assets of $51,890 was due to insurance proceeds received as a final settlement of the business interruption claim for two fires that occurred August 5, 2011 in one of Mosholu Preservation Corporation's residential Properties. Montefiore Medical Center 111 East 210th Street Bronx NY 10467 131740114 Acad Med Cntr NY 501(C)(3) 3 MHS false MMC Corporation 111 East 210th Street Bronx NY 10467 133430322 Real Estate NY 501(C)(3) 11 Type I MMC true MMC Residential Corp 1 Inc 3411 Wayne Avenue Bronx NY 10467 911943271 Staff Housing NY 501(C)(2) MMC true Montefiore Hospital Housing Sect II Inc 3450 Wayne Avenue Bronx NY 10467 237160641 Staff Housing NY 501(C)(2) 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 Co. 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 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 Avenue 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 MONTEFIORE FOUNDATION INC 111 EAST 210TH STREET BRONX NY 10467 471600439 FOUNDATION NY 501(c)(3) 11 TYPE 1 MHS false ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVENUE BRONX NY 10461 472209056 MED SCHOOL 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 3 na false AECOM STAFF HOUSING CO INC 1300 MORRIS PARK AVENUE BRONX NY 10461 237075630 STAFF HOUSING NY 501(C)(2) MMAHS false MONTEFIORE CERC OPERATIONS INC 111 EAST 210ST STREET BRONX NY 10467 474853506 REHAB CENTER NY 501(C)(3) 11 TYPE 1 MMC true Nyack Hospital Foundation 160 North Midland Avenue Nyack NY 10960 133245804 Foundation NY 501(c)(3) 7 NYACK Hosp 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 Integ Prov As 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 No1 Inc 111 East 210th Street Bronx NY 10467 133952750 Integ Prov As NY na C corp true BRONX ACCOUNTABLE HEALTHCARE NETWORK IPA 111 EAST 210TH STREET BRONX NY 10467 300689571 INTEG PROV ASsos NY na C CORP true Montefiore Consolidated Ventures Inc 111 East 210th Street Bronx NY 10467 611728539 Parent Co NY NA C Corp true MMC CONTRACT MANAGEMENT ORG NO 1 INC 111 EAST 210TH STREET BRONX NY 10467 133859895 CONTRACT MGMT NY NA C CORP true MONTEFIORE INSURANCE COMPANY INC 111 EAST 210th STREET BRONX NY 10467 320436594 INSURANCE COMP NY NA C CORP true MONTEFIORE COMMUNITY NETWORK LLC 111 EAST 210th STREET BRONX NY 10467 461374475 COMMUNITY NETWORK NY NA C CORP true HUDSON VALLEY IPA INC 111 EAST 210th STREET BRONX NY 10467 383978087 MANAGED CARE NY NA C CORP true MONTEFIORE HUDSON VALLEY COLLABORATIVE 111 EAST 210TH STREET BRONX NY 10467 473389736 DSRIP PROGRAM NY NA C CORP true MONTEFIORE INNOVATIONS INC 111 EAST 210TH STREET BRONX NY 10467 475106910 HOLDING COMPany NY NA C CORP true false false true false false false false false false false false false false false false true false false false