2015-11-10T19:28:52-06:00 2014-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-01-01 113072153 SHOREFRONT JEWISH GERIATRIC CENTER INC SHOR 7184917261 6323 7TH AVENUE BROOKLYN NY 11220 ALEXANDER BALKO PRESIDENT 7184917261 2015-11-10 1 AARON SHAPIRO P01333816 2128674000 2014 2016-03-07 17:11:31Z SHOREFRONT CENTER FOR REHABILITATION AND NURSING CARE ALEXANDER BALKO 6323 7TH AVENUE BROOKLYN NY 11220 91712353 0 X WWW.MJHS.ORG X 1993 NY A 360 BED SKILLED NURSING AND REHABILITATION FACILITY WITH ADULT DAY CARE SERVICES. 6 5 625 5 0 0 109544 3673 49066450 42728117 227849 32373312 31317 36667 49435160 75141769 0 0 0 0 36300877 29140200 0 0 0 15557227 13851535 51858104 42991735 -2422944 32150034 52806461 22272027 30082918 3097136 22723543 19174891 X SEE SCHEDULE OOPERATING AS SHOREFRONT CENTER FOR REHABILITATION AND NURSING CARE, A NOT-FOR-PROFIT ORGANIZATION THAT IS PART OF THE MJHS FAMILY, SHOREFRONT IS COMMITTED TO PROVIDING EXCEPTIONAL SUB-ACUTE REHABILITATION AND LONG TERM SKILLED NURSING CARE TO PATIENTS AND RESIDENTS IN A CARING ENVIRONMENT 0 1 32010580 42728117 OPERATING UNDER THE NAME OF SHOREFRONT CENTER FOR REHABILITATION AND NURSING CARE, SHOREFRONT IS A 360 BED NOT-FOR-PROFIT CENTER THAT PROVIDES SUB-ACUTE REHABILITATION SERVICES (E.G. PHYSICAL THERAPY, SPEECH AND SWALLOWING THERAPY, OCCUPATIONAL THERAPY, ETC.) FOR PATIENTS RECUPERATINGFROM ORTHOPEDIC SURGERY, STROKE, HEART ATTACK, AND PROLONGED ILLNESS AS WELL AS SKILLED NURSING CARE FOR THE ELDERLY - AND ADULTS 18+ WHO ARE SEVERELY DISABLED AND REQUIRE LONG-TERM INSTITUTIONAL CARE. LOCATED ON THE WORLD FAMOUS CONEY ISLAND BOARDWALK, THE CENTER PROVIDES EXPERT CLINICAL SERVICES ALONG WITH COMPASSIONATE CARE DELIVERED WITH DIGNITY AND RESPECT. IN 2014, SHOREFRONT PROVIDED 117,670 DAYS OF SKILLED NURSING CARE. SHOREFRONT CENTER WAS SOLD EFFECTIVE 12/11/2014. 32010580 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 100 0 625 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JEFF DAVIS 7184917261 6323-7TH AVENUE BROOKLYN NY 11220 ELI S FELDMAN CEO 2.50 32.50 X X 133806 1427268 141259 STEVEN L TOPAL CHAIRPERSON 0.50 2.50 X X 0 0 0 RONALD B MILCH SECRETARY/TREASURER 0.50 2.50 X X 0 0 0 SHMUEL LEFKOWITZ DIRECTOR 0.50 2.50 X 0 0 0 JACOB I FRIEDMAN DIRECTOR 0.50 2.50 X 0 0 0 FRED ABRAMS DIRECTOR 0.50 2.50 X 0 0 0 ROBERT LEAMER ASST. SEC./SR. VP GENERAL 2.50 32.50 X 55092 587649 186585 JEFFREY DAVIS CFO 2.50 32.50 X 38927 415221 77120 ALEXANDER BALKO PRESIDENT 2.50 32.50 X 102517 1093517 325341 ELLIOT BROOKS SENIOR VP, HR 7.00 28.00 X 323725 1294904 146343 CHARLES KANNER MD PHYSICIAN 35.00 X 218089 0 43082 CAROL ALTIERI VP INPATIENT PROGRAMS 17.00 18.00 X 118506 125476 47022 KATHLEEN MURTAGH VP ADULT DAY HEALTH CENTER 35.00 X 194321 0 27726 TODD OSTROW DIRECTOR OF REHAB 35.00 X 181496 0 37375 1366479 4944035 1031853 18 0 1 0 CHEM RX PO BOX 1060 LONG BEACH NY 11561 PHARMACEUTICALS 763405 MMS PO BOX 826627 PHILADELPHIA PA 191826627 MEDICAL SUPPLIES 552289 ABALINE PO BOX 10 PORT READING NJ 07064 MEDICAL SUPPLIES 459013 S BERTRAM INC PO BOX 4129 LINDEN NJ 07036 FOOD SERVICES 422791 UNITEX TEXTILE RENTAL SERVICES 401 SO MACQUESTEN PKWY MOUNT VERNON NY 10550 LINENS/SHEETS/GOWNS 366889 17 3673 3673 SKILLED NURSING FACILITY 623000 42728117 42728117 42728117 134086 134086 48809810 16570584 32239226 32239226 32239226 36667 36667 36667 75141769 42728117 0 32409979 311534 311534 20402666 18047639 2355027 1283686 1127652 156034 6696196 5260560 1435636 446118 329693 116425 186468 186468 97319 97319 24875 24875 2384294 1556689 827605 163249 163249 3884006 3416923 467083 170295 170295 1172705 608787 563918 21027 11775 9252 20847 6756 14091 881844 532922 348922 1798390 1094444 703946 704889 10666 694223 ASSESSMENT 2211083 2211083 MISCELLANEOUS 130244 6074 124170 42991735 32010580 10981155 0 44500 44000 6147714 10172776 285 6018389 3961647 1703 44069 0 17747837 17986268 8049535 4859765 0 52806461 22272027 4434336 1691450 18592000 7056582 1405686 30082918 3097136 X 22723543 19174891 22723543 19174891 52806461 22272027 X 32150034 -41389 -35657297 X X 0 1 X 1 0 X 203628 109544 3673 316845 43950828 55905274 53068696 49066450 42728117 244719365 43950828 55905274 53272324 49175994 42731790 245036210 0 0 0 245036210 329515 224427 240061 227849 134086 1155938 329515 224427 240061 227849 134086 1155938 36485 61718 32594 31317 36667 198781 44316828 56191419 53544979 49435160 42902543 246390929 0.99450 0.99020 0.00470 0.00510 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME RECOVERY OF BAD DEBT 0 MUNICIPAL BONDS 97046 F CORPORATE BONDS 1111398 F MUTUAL FUNDS - SHORT TERM BOND FUNDS 6595710 F MONEY MARKET FUNDS 245381 F 8049535 DUE TO THIRD PARTIES 839289 DUE TO PARTICIPATING AGENCIES OF MJHS 566397 1405686 X 39418208 -41389 -35657297 -35698686 75116894 24875 24875 75141769 42966860 0 42966860 24875 24875 42991735 PART X, LINE 2: SHOREFRONT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SWAP AGREEMENT 71,124. FORGIVENESS OF INTERCOMPANY BORROWINGS -5,728,421. TRANSFER TO METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION -30,000,000. 1 1 0 0 0 0 0 0 0 ELI S FELDMAN CEO 95283 1016348 13614 145220 24909 265700 3844 41006 8264 88145 145914 1556419 30145 321546 ROBERT LEAMER ASST. SEC./SR. VP GENERAL 33524 357588 17493 186589 4075 43472 11936 127318 4057 43274 71085 758241 17493 186589 JEFFREY DAVIS CFO 36420 388482 0 0 2507 26739 3120 33280 3490 37230 45537 485731 0 0 ALEXANDER BALKO PRESIDENT 63655 678990 33767 360178 5095 54349 23115 246561 4771 50894 130403 1390972 33767 360178 ELLIOT BROOKS SENIOR VP, HR 74984 299936 39011 156046 209730 838922 22806 91226 6462 25849 352993 1411979 39011 156046 CHARLES KANNER MD PHYSICIAN 210696 0 7000 0 393 0 14512 0 28570 0 261171 0 0 0 CAROL ALTIERI VP INPATIENT PROGRAMS 105989 112224 7286 7714 5231 5538 7684 8136 15155 16047 141345 149659 0 0 KATHLEEN MURTAGH VP ADULT DAY HEALTH CENTER 178448 0 0 0 15873 0 12937 0 14789 0 222047 0 0 0 TODD OSTROW DIRECTOR OF REHAB 173706 0 7000 0 790 0 12169 0 25206 0 218871 0 0 0 PART I, LINE 3 THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY METROPOLITAN JEWISH HEALTH SYSTEM, INC., A RELATED ORGANIZATION. THE METHODS UTILIZED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD. PART I, LINES 4A-B PARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ALEXANDER BALKO - $206,460 ROBERT LEAMER - $76,038 ELLIOT BROOKS - $69,182 FORM 990, PART III, LINE 3 IN 2014, OWNERSHIP OF MJHS ADULT DAY HEALTH CENTER, LOCATED AT 16TH AVENUE IN BROOKLYN, WAS TRANSFERRED FROM SHOREFRONT TO MENORAH HOME AND HOSPITAL FOR THE AGED AND INFIRM, WHICH OPERATES AS MENORAH CENTER FOR REHABILITATION AND NURSING CARE. FORM 990, PART VI, SECTION A, LINE 6 METROPOLITAN JEWISH HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF SHOREFRONT JEWISH GERIATRIC CENTER, INC. FORM 990, PART VI, SECTION A, LINE 7A METROPOLITAN JEWISH HEALTH SYSTEM, INC. MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 DRAFTS OF THE COMPLETED RETURNS ARE REVIEWED BY THE PRESIDENT, CFO AND SENIOR VP, GENERAL COUNSEL AND THEIR STAFF. ANY COMMENTS ARISING FROM THEIR REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE TO THE DRAFT. THAT DRAFT WILL BE SUBMITTED TO THE MJHS EXECUTIVE COMMITTEE FOR ITS REVIEW AND APPROVAL. ONCE THE COMMITTEE HAS COMPLETED ITS REVIEW COPIES OF THE RETURNS WILL BE PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS MUST FILE AND MAINTAIN CURRENT THE ORGANIZATION'S DIRECTORS BIOGRAPHICAL INFORMATION FORM AND, ON AN ANNUAL BASIS, COMPLETE THE ORGANIZATION'S DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT WHICH ACKNOWLEDGES THAT EACH INDIVIDUAL HAS DISCLOSED ANY POTENTIAL CONFLICT OF INTEREST; RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; READ AND UNDERSTANDS THE CONFLICTS OF INTEREST POLICY; AND AGREED TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY. THE SENIOR VICE PRESIDENT/GENERAL COUNSEL SUPERVISES THE DISTRIBUTION, COLLECTION AND REVIEW OF THE ANNUAL DIRECTORS CONFLICT OF INTEREST STATEMENT AND ACKNOWLEDGEMENT. FROM TIME TO TIME, DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND/OR COMMITTEE MEMBERS ARE REMINDED OF THEIR OBLIGATION TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS OF INTEREST WHEN AND IF THEY ARISE. PROCEDURES FOR MANAGING IDENTIFIED CONFLICTS: EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE AND MEMBER OF A BOARD COMMITTEE IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE INDIVIDUAL CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN THE EVENT OF SUCH A DISCLOSURE, THE INTERESTED PARTY IS EXCUSED FROM THE MEETING AND THE BOARD/COMMITTEE DETERMINES WHETHER A CONFLICT EXISTS. IF THE BOARD/COMMITTEE DETERMINES THAT A CONFLICT EXISTS, THE CHAIRPERSON OF THE BOARD OR DESIGNEE (IF APPROPRIATE) WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE AND REPORT TO THE BOARD OF DIRECTORS ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. BASED ON THE INFORMATION FURNISHED BY THE DISINTERESTED PERSON OR COMMITTEE, THE BOARD OF DIRECTORS WILL MAKE A DETERMINATION OF WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR MORE REASONABLE ARRANGEMENTS FROM AN ENTITY OR PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS WILL DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION. ALL OF THE ACTIONS STATED ABOVE SHALL BE REFLECTED IN THE BOARD/COMMITTEE MINUTES. IN THE EVENT THAT A DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF A BOARD COMMITTEE FAILS TO DISCLOSE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THE BOARD/COMMITTEE, AFTER AFFORDING THE INDIVIDUAL DUE PROCESS, SHALL DETERMINE WHETHER THE INDIVIDUAL VIOLATED THE CONFLICT OF INTEREST POLICY BY FAILING TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND, IN THE EVENT OF A DETERMINATION THAT A VIOLATION OCCURRED, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 METROPOLITAN JEWISH HEALTH SYSTEM, INC., A RELATED ORGANIZATION RETAINS THE SERVICES OF A MAJOR EXECUTIVE COMPENSATION FIRM TO REVIEW MARKET PAY PRACTICES AND AVERAGE SALARY MOVEMENT AMONG SIMILARLY SITUATED EXECUTIVES. THE EXECUTIVE COMPENSATION FIRM IS ASKED TO DEVELOP A COMPARATIVE BASE THAT IS AS CLOSE AS POSSIBLE TO OUR ORGANIZATION. DIFFERENT COMPARATIVE GROUPS ARE CONSIDERED FOR EACH POSITION, CEO AND SENIOR VP'S AS APPROPRIATE. THE 2014 SALARIES WERE BASED ON INFORMATION OBTAINED IN 2013. A NEW STUDY WAS DONE IN MARCH 2014. THIS MARKET ANALYSIS IS THEN REVIEWED BY THE COMPENSATION COMMITTEE IN DETERMINING SALARY ADJUSTMENTS FROM THE PERSPECTIVE OF MARKET COMPETITIVENESS AND PRIOR YEAR PERFORMANCE. PERFORMANCE IS BASED ON THE EXTENT THAT EACH EXECUTIVE HAS ACHIEVED HIS/HER GOALS. BONUS ELIGIBILITY IS DONE IN A SIMILAR MANNER. OTHER KEY EMPLOYEES ARE MANAGED IN SIMILAR MANNER THROUGH THE HUMAN RESOURCES DEPARTMENT UNDER THE DIRECTION OF THE SENIOR VICE PRESIDENT FOR HUMAN RESOURCES IN CONJUNCTION WITH THE CEO, USING LOCAL SURVEYS TO ENSURE MARKET COMPETITIVENESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE PRESIDENT. FORM 990, PART XI, LINE 9: GAIN ON SWAP AGREEMENT RELATED TO LONG TERM DEBT 71,124. FORGIVENESS OF INTERCOMPANY BORROWINGS -5,728,421. TRANSFER TO METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION -30,000,000. FORM 990 PART XII LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. METROPOLITAN JEWISH HEALTH SYSTEM INC 6323 7TH AVENUE BROOKLYN NY 11220 113538697 ADMINISTRATIVE SERVICES NY 501(C)(3) 7 N/A 0 MJG NURSING HOME CO INC 6323 7TH AVENUE BROOKLYN NY 11220 237123076 NURSING HOME NY 501(C)(3) 3 N/A 0 MENORAH HOME AND HOSPITAL FOR THE AGED AND INFIRM 6323 7TH AVENUE BROOKLYN NY 11220 111672777 NURSING HOME, ADULT DAY CARE NY 501(C)(3) 3 METROPOLITAN JEWISH HEALTH SYSTEM INC 0 METROPOLITAN JEWISH HOME CARE INC 6323 7TH AVENUE BROOKLYN NY 11220 320060822 HOME CARE, HOSPICE NY 501(C)(3) 9 METROPOLITAN JEWISH HEALTH SYSTEM INC 0 ELDERPLAN INC 6323 7TH AVENUE BROOKLYN NY 11220 112625096 MEDICARE ADVANTAGE SPECIAL NEEDS PLAN / MEDICAID MANAGED LONG TERM CARE PLAN NY 501(C)(3) 9 N/A 0 MENORAH FOUNDATION INC 6323 7TH AVENUE BROOKLYN NY 11220 113471173 FUNDRAISING NY 501(C)(3) 11 TYPE I METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION 0 HOMEFIRST LHCSA INC 6323 7TH AVENUE BROOKLYN NY 11220 611501623 HOME CARE NY 501(C)(3) 11 TYPE I METROPOLITAN JEWISH HEALTH SYSTEM INC 0 SHOREFRONT TOWERS HOUSING DEVELOPMENT FUND CORPORATION 6323 7TH AVENUE BROOKLYN NY 11220 113200785 HOUSING NY 501(C)(3) 9 N/A 0 METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION 6323 7TH AVENUE BROOKLYN NY 11220 111630753 FUNDRAISING NY 501(C)(3) 7 N/A 0 MJHS HOSPICE AND PALLIATIVE CARE INC 6323 7TH AVENUE BROOKLYN NY 11220 133438643 HOSPICE SERVICES NY 501(C)(3) 3 METROPOLITAN JEWISH HEALTH SYSTEM INC 0 MJHS MEDICAL ASSOCIATES PC 6323 7TH AVENUE BROOKLYN NY 11220 275273404 PROVIDING HEALTH CARE SERVICES FOR AFFILIATES OF MJHS NY 501(C)(3) 9 METROPOLITAN JEWISH HEALTH SYSTEM INC 0 FIRST TO CARE HOMECARE INC 6323 7TH AVENUE BROOKLYN NY 11220 113300822 HOME HEALTHCARE SERVICES NY 501(C)(3) 9 METROPOLITAN JEWISH HEALTH SYSTEM FOUNDATION 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0