2015-05-15T10:00:47-07:00 2014-06-30 990 2013-07-01 311501393 MONTEFIORE HOUSING CORPORATION MONT 4405434221 One David N Myers Parkway Beachwood OH 441221162 Mark Weiss CFO 2169102640 2015-05-15 2013 2016-03-07 17:11:31Z Mark Weiss One David N Myers Parkway Beachwood OH 44122 8374493 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. 24 24 298 95 0 0 15898 15550 7908284 8357280 1400 1663 0 0 7925582 8374493 0 0 0 0 4111208 4383799 0 0 0 3228615 3560619 7339823 7944418 585759 430075 18470568 18521767 16176432 15709947 2294136 2811820 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 3462784 0 4931347 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). 2895150 0 3425933 The Rehab Pavilion at The Weils is a rehab facility for post hospital patients who need additional nursing care and therapy to regain their strenth before returning home. 0 0 0 6357934 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 298 1 0 0 0 0 0 0 0 0 0 0 X 24 24 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 Harley Gross Board Member 0 0 X 0 0 0 Andrew Hoffmann Board Member 0 0 X 0 0 0 Darrell Young Board Member 0 0 X 0 0 0 Irv Berliner Treasurer 0 0 X X 0 0 0 Jacqueline Goler Board Member 0 0 X 0 0 0 David Orlean Board Member 0 0 X 0 0 0 Carol Paull Board Member 0 0 X 0 0 0 Illene McMullen Board Member 0 0 X 0 0 0 Alan Blumenthal Assistant Treasurer 0 0 X X 0 0 0 Robert Lustig Chairman 0 0 X X 0 0 0 Scott Polster Vice Chair 0 0 X X 0 0 0 David Hexter Vice Chair 0 0 X X 0 0 0 Bradley Sherman Assistant Secretary 0 0 X X 0 0 0 Lawrence Mack Board Member 0 0 X 0 0 0 Ben Sheridan Immediate Past Chair 0 0 X X 0 0 0 Daniel Rocker Secretary 0 0 X X 0 0 0 Melissa Davis Board Member 0 0 X 0 0 0 Howard Mandel Board Member 0 0 X 0 0 0 Terry Young Board Member 0 0 X 0 0 0 Steven Willensky Board Member 0 0 X 0 0 0 Jill Frankel Board Member 0 0 X 0 0 0 Joseph Greenberg Board Member 0 0 X 0 0 0 Lisa Gilbert Board Member 0 0 X 0 0 0 Lisa Michel Board Member 0 0 X 0 0 0 Lauren Rock President/CEO 10 0 X 81411 0 4497 Mark Weiss VP/Administrator/CFO 10 0 X 36850 0 4038 118261 0 8535 0 0 0 1 Morrison Management Specialists PO Box 102289 Atlanta GA 303682289 Dietary Management 617521 1 0 0 0 15550 0 0 0 15550 Assisted Living Revenue 623000 4932489 4932489 0 0 Rehab Pavilion Revenue 623000 3424791 3424791 0 0 0 0 0 0 8357280 1663 0 0 1663 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8374493 8357280 0 1663 0 0 0 0 0 0 0 0 90309 0 90309 0 0 0 0 0 3752595 3455167 297428 0 49096 44677 4419 0 196846 182516 14330 0 294953 268407 26546 0 629183 0 629183 0 4222 0 4222 0 20450 0 20450 0 0 0 0 0 0 0 0 0 0 0 93002 93002 0 0 65992 0 65992 0 548387 433110 115277 0 48321 0 48321 0 0 0 0 0 219505 219505 0 0 43898 14346 29552 0 0 0 0 0 0 0 0 0 233275 216946 16329 0 11486 0 11486 0 743186 691163 52023 0 138058 128394 9664 0 Dietary food, supplies, and equipment 521105 521105 0 0 All other expenses 112894 89596 23298 0 Government mandated fees 127655 0 127655 0 7944418 6357934 1586484 0 1880087 1675932 448011 588996 0 0 592443 774323 0 0 0 0 0 0 18007 21819 103500 77909 20601551 5898498 15179900 14703053 0 0 0 0 0 0 0 0 248620 679735 18470568 18521767 649109 701933 0 0 14684 13794 14255000 13775000 0 0 0 0 0 0 0 50001 1257639 1169219 16176432 15709947 X 2294136 2811820 0 0 0 0 2294136 2811820 18470568 18521767 X 430075 0 0 0 0 87609 X 0 1 X 1 0 X 299601 132762 61556 15898 15550 525367 4964810 7129569 7669548 7908284 8357280 36029491 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5264411 7262331 7731104 7924182 8372830 36554858 0 0 0 0 0 263426 109904 131033 152313 99663 756339 263426 109904 131033 152313 99663 756339 35798519 4602 2393 1336 1400 1663 11394 4602 2393 1336 1400 1663 11394 0 0 5269013 7264724 7732440 7925582 8374493 36566252 0.97900 0.95634 0.00031 0.00093 X 0 3066200 3066200 0 15815482 4697512 11117970 0 279931 229539 50392 0 1439938 971447 468491 0 0 0 0 14703053 0 Deposits 313293 Payroll Witholdings 3325 Due to Nursing Facility 31360 Due to Foundation 821241 1169219 X 8374493 0 0 0 0 0 8374493 0 0 0 8374493 7944418 0 0 0 0 0 7944418 0 0 0 7944418 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 follows generally accepted accounting principles (GAAP) for uncertainty in income taxes. 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, 2011 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, 2014 and 2013. 0 0 0 0 0 0 0 0 0 Lauren Rock President/CEO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mark Weiss VP/Administrator/CFO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule J, Part II Lauren Rock and Mark Weiss received wages of $325,645 and $221,192 and other compensation of $17,986 and $24,236 respectively from an unrelated organization that provides services to the Housing Corporation. 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 A 1 Schedule K, Part IV, Line 2c-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 $63,626 and change in unfunded pension liability of $23,983. Extension granted to May 15th.