2015-11-12T13:28:49-06:00 2014-12-31 141604297 VANACOREDEBENEDICTUSDIGOVANNI&WEDDELL 11 RACQUET RD NEWBURGH NY 12550 990 2014-01-01 133420263 WESTCHESTER PUTNAM HEALTH MANAGEMENT SYSTEMS INC WEST 9147343277 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 KEVIN MURPHY VP FINANCE 9147343277 2015-11-02 true DAVIDE DIGENOVA CPA P00955704 8455679000 2015-11-02 2014 2016-03-07 17:11:31Z JOHN FEDERSPIEL 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 306993 false X N/A X 1987 NY BENEFITING AND SUPPORTING HUDSON VALLEY HOSPITAL CENTER WHICH SERVICES THE NEEDS OF THE COMMUNITY AND PROVIDES QUALITY, COMPREHENSIVE MEDICAL CARE IN A COMPASSIONATE, PROFESSIONAL, RESPECTFUL MANNER WITHOUT REGARD TO RACE, RELIGION, NATIONAL ORIGIN OR DISEASE CATEGORY. 8 6 0 0 0 0 4 63729 66025 63729 66029 0 0 0 0 0 12325 12530 12325 12530 51404 53499 12392830 12169384 9492979 9216034 2899851 2953350 X BENEFITING AND SUPPORTING HUDSON VALLEY HOSPITAL CENTER WHICH SERVICES THE NEEDS OF THE COMMUNITY AND PROVIDES QUALITY, COMPREHENSIVE MEDICAL CARE IN A COMPASSIONATE, PROFESSIONAL, RESPECTFUL MANNER WITHOUT REGARD TO RACE, RELIGION, NATIONAL ORIGIN OR DISEASE CATEGORY. false false BENEFITING AND SUPPORTING HUDSON VALLEY HOSPITAL CENTER WHICH SERVICES THE NEEDS OF THE COMMUNITY AND PROVIDES QUALITY, COMPREHENSIVE MEDICAL CARE IN A COMPASSIONATE, PROFESSIONAL, RESPECTFUL MANNER WITHOUT REGARD TO RACE, RELIGION, NATIONAL ORIGIN OR DISEASE CATEGORY. true false false false false false false false false false true true false true 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 false false true true true false false true 0 0 true 0 false false false false false false false false false false X 8 6 false false false false false false false true true false false true true true true true true false false false NY X MARGI QUAIL 9147343277 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 JOHN FEDERSPIEL SECRETARY & 1.00 40.00 X X 0 2031654 23723 MARK WEBSTER DIRECTOR 1.00 40.00 X 0 833103 22021 JAMES KANE DIRECTOR 1.00 X 0 0 0 EDWARD B MACDONALD JR CHAIRMAN 1.00 X X 0 0 0 JOHN TESTA VICE CHAIRMA 1.00 X X 0 0 0 JOHN MCGURTY JR MD DIRECTOR 1.00 X 0 0 0 MICHAEL DELFINO DIRECTOR 1.00 X 0 0 0 JEFFREY SWEET DIRECTOR 1.00 X 0 0 0 2864757 45744 false true false 4 4 306989 240964 66025 66025 66025 66029 66029 12530 12530 12530 0 12530 0 14518 14522 9696264 893635 9026079 8802629 2255052 2255052 1097181 1097181 12392830 12169384 9492979 9216034 9492979 9216034 X 2899851 2953350 2899851 2953350 12392830 12169384 53499 X false true X true false X X 1 HUDSON VALLEY HOSPITAL CENTER HUDSON VALLEY HOSPITAL CENTER 131740120 3 true 0 0 1 true false false false false false false false false false false false false false false true false 758262 758262 8938002 893635 8044367 8802629 2255052 C 2255052 DUE FROM AFFILIATES 1097181 1097181 DUE TO AFFILIATES 9216034 9216034 false true false false false false false false false JOHN FEDERSPIEL SECRETARY & TREAS. 805168 500000 726486 23723 2055377 476486 MARK WEBSTER DIRECTOR 420018 210000 203085 22021 855124 203085 SCHEDULE J, PAGE 1, PART I, LINE 4 JOHN FEDERSPIEL 0 476,486 0 MARK WEBSTER 0 203,085 0 SCHEDULE J, PART III CERTAIN INDIVIDUALS IDENTIFIED AS OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES OF THE CORPORATION ARE COMPENSATED BY A RELATED ORGANIZATION, THE HUDSON VALLEY HOSPITAL CENTER (THE "HOSPITAL"). HUDSON VALLEY HOSPITAL CENTER IS COMMITTED TO PROVIDING THE HIGHEST QUALITY HEALTH CARE IN THE HUDSON VALLEY. TO ACHIEVE THIS GOAL, THE BOARD OF THE HOSPITAL HAS RECOGNIZED THAT THE ADMINISTRATIVE TALENT DIRECTING THE OPERATIONS OF THE HOSPITAL IS A KEY INGREDIENT OF THIS GOAL. THE BOARD DEFINES THE MISSION OF THE HOSPITAL AND THE GOALS TO HELP ACHIEVE THAT MISSION AND THEN FULFILLS THE MISSION OF THE HOSPITAL UTILIZING THE TALENTS OF THE ADMINISTRATIVE TEAM. TO THAT END, THE BOARD HAS ESTABLISHED AN OBJECTIVE, PERFORMANCE BASED COMPENSATION STRUCTURE FOR THE MEMBERS OF THE ADMINISTRATIVE TEAM OF THE HOSPITAL IN RECOGNITION OF OBJECTIVE PERFORMANCE ATTAINMENT. SUCH AMOUNTS ARE NOTED ON SCHEDULE J, PART II, COLUMN B(II). THE BASE SALARIES OF THE ADMINISTRATORS ARE DETERMINED THROUGH BOARD ACTION UTILIZING EXTERNAL MEASURE OF THE REASONABLENESS AND COMPETITIVENESS OF THE SALARIES. THESE EXTERNAL RESOURCES ARE RETAINED BY AND REPORT DIRECTLY TO THE BOARD TO PROVIDE FOR AN OBJECTIVE MEASURE OF THESE SALARIES. THIS PROCESS IS REPEATED YEARLY FOR THE ESTABLISHMENT OF THE SALARIES. ANNUAL BONUSES ARE DETERMINED BY THE BOARD USING A FIVE CATEGORY STRUCTURE WITH QUANTIFIABLE MEASURES ESTABLISHED FOR THE YEAR DURING THE BUDGET SETTING PROCESSES. THE GOALS ARE ESTABLISHED PROACTIVELY AND THEN ACHIEVEMENT IS MEASURED AGAINST THOSE GOALS. BONUSES ARE AWARDED BASED ON THE DEGREE OF ATTAINMENT OF THOSE GOALS. THE SUMMARY OF THIS COMPENSATION POLICY IS THAT IT IS CONTROLLED AND ADMINISTRATED BY THE BOARD OF THE HOSPITAL, RELYING ON EXTERNAL PROFESSIONALS TO MAKE CERTAIN THAT THE AMOUNTS PAID ARE APPROPRIATE IN THE INDUSTRY AND CIRCUMSTANCES. THE PROCESS IS CLEARLY DEFINED BEFORE THE YEAR BEGINS, RELIES ON GOALS ESTABLISHED BY THE BOARD AND IS COMMUNICATED TO MEMBERS OF ADMINISTRATION, IS FAIRLY ADMINISTRATED AND IS CLEARLY COMMUNICATED. THE NUMBERS SHOWN ARE THE PRODUCT OF THAT PROCESS. COLUMN B (III) OF SCHEDULE J, PART II INCLUDES 726,486 PAID TO THE PRESIDENT OF THE HUDSON VALLEY HOSPITAL CENTER. 250,000 OF SUCH AMOUNT WAS PAID PURSUANT TO BOARD ACTION UPON RECOMMENDATION OF EXTERNAL CONSULTANTS SO THAT THE INDIVIDUAL COULD SELF FUND A RETIREMENT FUND. THE AMOUNT IS CONSISTENT WITH INDUSTRY STANDARDS AND IS FULLY TAXABLE TO THE INDIVIDUAL. THE REMAINING 476,486 IS REFERENCED AS FOLLOWS IN COLUMN B(III), TWO DEFERRED COMPENSATION PAYMENTS FROM 2011 AND 2013 WERE PAID TO THE INDIVIDUALS AS INCOME IN 2014 LISTED ON SCHEDULE J, PART III, "PART I, LINE 4 - SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS". THIS AMOUNT IS ALSO REFERRED IN COLUMN (F) OF SCHEDULE J AS "COMPENSATION REPORTED AS DEFERRED IN PRIOR FORM 990". THIS IS NOT SALARY, BUT RATHER COMPENSATION DEFERRED FROM PRIOR YEARS AND PAID AS ORDINARY INCOME IN 2014. NO CONTRIBUTIONS HAVE BEEN MADE TO THE NON-QUALIFIED RETIREMENT PLAN FOR 2014. FORM 990 - ORGANIZATION'S MISSION BENEFITING AND SUPPORTING HUDSON VALLEY HOSPITAL CENTER WHICH SERVICES THE NEEDS OF THE COMMUNITY AND PROVIDES QUALITY, COMPREHENSIVE MEDICAL CARE IN A COMPASSIONATE, PROFESSIONAL, RESPECTFUL MANNER WITHOUT REGARD TO RACE, RELIGION, NATIONAL ORIGIN OR DISEASE CATEGORY. FORM 990, PAGE 6, PART VI, LINE 11B ON JANUARY 26, 2015 NYP COMMUNITY PROGRAMS, INC. BECAME THE ACTIVE PARENT OF THE HUDSON VALLEY HOSPITAL CENTER AND ITS SUBSIDIARIES. THE NEW YORK AND PRESBYTERIAN HOSPITAL IS THE SOLE MEMBER OF NYP COMMUNITY PROGRAMS, INC. AS A RESULT, THE REVIEW PROCESS HAS CHANGED. FINANCE COORDINATED AND COMPLETED ALL OF THE INFORMATION REQUIRED FOR FORM 990 ACCESSING VARIOUS RESOURCES INCLUDING LEGAL, HUMAN RESOURCES, DEVELOPMENT, AND OTHER DEPARTMENTS AS NEEDED. SENIOR FINANCE EXECUTIVES COMPLETE A REVIEW OF THE RETURN IN CONJUNCTION WITH, VANACORE, DEBENEDICTUS, DIGOVANNI, & WEDDELL, LLP PAID PREPARERS, PRIOR TO SUBMISSION TO THE CHAIRMAN OF THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF NYP COMMUNITY PROGRAMS, INC. THE CHAIRMAN OF THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE CONDUCTS A DETAILED REVIEW. UPON COMPLETION OF THE AUDIT CHAIRMAN'S REVIEW AND APPROVAL, THE 990 IS PRESENTED, REVIEWED, AND MADE AVAILABLE TO THE GOVERNING BODY. THE REPORTING ORGANIZATION FILES THE 990 UPON FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES THAT ALL BOARD MEMBERS FILL OUT AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HUDSON VALLEY HOSPITAL CENTER HUDSON VALLEY HOSPITAL CENTER 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 131740120 HOSPITAL NY 501C3 3 WPHMS WESTCHESTER PUTNAM HEALTH MNGT SYS true THE FOUNDATION OF HUDSON VALLEY HOS THE FOUNDATION OF HUDSON VALLEY HOS 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 133307781 SUPPORT NY 501C3 11A HVHC HUDSON VALLEY HOSPITAL CENTER true GI VENTURES INC GI VENTURES INC 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 454644781 SUPPORT NY 501C3 3 WPHMS WESTCHER PUTNAM HEALTH MNGT SYS true HUDSON VALLEY VENTURES INC 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 133611982 RENTAL NY N/A true AC VENTURES INC 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 133758209 RENTAL NY N/A true KNOWA VENTURES INC 1980 CROMPOND ROAD CORTLANDT MANOR NY 10567 133845922 RENTAL NY N/A true true false false true false false false false false false false false false false false false false false false HUDSON VALLEY HOSPITAL CENTER HUDSON VALLEY HOSPITAL CENTER A 240000 FMV HUDSON VALLEY HOSPITAL CENTER HUDSON VALLEY HOSPITAL CENTER D 276945 FMV