2014-11-24T16:01:37-08:00 2013-12-31 990 2013-01-01 134077996 Saint Vincent Catholic Medical Centers SAIN 2123565095 5 Penn Plaza New York NY 10001 Steven R Korf President & CEO 2014-11-24 2013 2015-11-30 17:44:51Z 111542085 false false X svcmcny.org X 1999 NY On April 14, 2010, the System filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code; on June 15, 2012, a "Debtor's Plan" was approved. The System's operations, post June 15, 2012, include the continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited. 3 3 119 0 0 109237865 96354312 5794523 5756088 1729889 9431685 116762277 111542085 0 0 10577783 9894909 0 0 89309996 102697520 99887779 112592429 16874498 -1050344 67631761 40090002 63087730 36596315 4544031 3493687 On April 14, 2010, the System filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code; on June 15, 2012, a "Debtor's Plan" was approved. The System's operations, post June 15, 2012, include the continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited. false false 103613294 96354312 On April 6, 2010, the Board of Trustees of Saint Vincent Catholic Medical Centers of New York (SVCMC) voted to approve the closure of System's Manhattan Hospital and the transfer or closure of the outpatient programs and clinics associated with and operated by the Manhattan Hospital.On April 14, 2010, the System filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code.In May 2012, the System filed a Debtor's Plan and Disclosure Statement addressing various creditor settlements and creditor dispositions. The Debtor's Plan was approved in June 2012. In accordance with the Debtor's Plan and Disclosure Statement, excess revenue over normal program & adminstrative expenses are to be distributed to a liguidating trust. System operations, post June 2012, include continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited & Queensbrook Insurance New York. 103613294 true false false true false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false false true 87 141 false 119 true false false true OC false false false false false 0 false false false false false false false false false false X 3 3 false true false false false false false true true false true true false true true true true true true false false X Steven R Korf 2123564792 5 Penn Plaza New York NY 10001 X X Jane Iannucelli SC Chairperson 0.00 0.00 X 0 0 0 Fred Salerno Trustee 0.00 0.00 X 0 0 0 Vaughn Williams Trustee 0.00 0.00 X 0 0 0 Steven R Korf President & CEO 8.00 0.00 X 0 0 0 0 false false false Grant Thornton LLP 666 Third Avenue New York NY 10017 Restructuring Firm 718821 EPIQ Bankruptcy Dept 0255 PO box 120255 Dallas TX 75312 Restructuring 351786 Terabyte 35 Hawthorne Street Rutherford NJ 07070 IT Consultants 575280 ToneyKorf Partners 1595-14 North Central Avenue Valley Stream NY 11580 Management Service 452161 DST Health 13804 Collection Center Drive Chicago IL 60693 Claims Processor 1316632 5 0 Capitation & Patient 621110 96354312 96354312 96354312 5756088 5756088 0 0 0 0 0 0 0 Other Revenue 621110 9431685 9431685 9431685 111542085 111542085 0 0 0 0 0 0 7405794 4385365 3020429 49771 49771 1933438 1242026 691412 505906 299574 206332 213806 213806 1830974 1830974 0 60000 60000 0 0 1740668 1740668 87686 87686 357676 357676 71433 71433 0 1049037 1049037 79552 79552 0 0 794277 794277 0 70351 70351 1190565 911036 279529 Capitation Fees 69970899 69970899 Payment to Liquidation Trust 18015481 18015481 Write off of Affiliate AR 3451693 3451693 Purchase Services 2211213 2211213 1502209 506224 995985 112592429 103613294 8979135 0 14003147 22399732 0 0 0 0 0 0 0 230401 1362377 485873 542105 485873 40870121 12442535 0 0 0 11985987 3399485 67631761 40090002 22217609 24153778 40870121 12442537 63087730 36596315 X 4544031 3493687 4544031 3493687 67631761 40090002 -1050344 X false false false X 63190203 35646588 235254 99072045 738443689 352180888 117765061 109237865 96354312 1413981815 0 0 0 801633892 387827476 118000315 109237865 96354312 1513053860 0 0 1513053860 10953111 7775401 7125182 5756088 31609782 0 10953111 7775401 7125182 5756088 31609782 0 52641797 16863742 4387235 399050 9431685 83723509 854275689 415644329 130162951 116762097 111542085 1628387151 0.92920 0.94690 0.01940 0.01110 X false false false false false false false false true 60000 false false 60000 false false Part II-B, Line 1i - Other Activities Description Lobbying efforts were on behalf of the USHFP division. 485873 485873 485873 Due from Subsidiary 359485 Investment in Insurance Co. 3040000 3399485 Due to Donors for unused gifts 12442535 Rounding 2 12442537 Part V, Line 4: Intended uses of the endowment fund. For permanently restricted endowments, the principal cannot be used and is held in perpetuity. During 2011, certain gifts were identified not to be permanently restricted. Accordingly, such gifts were appropriately reclassed to unrestricted.For temporarily restricted gifts, such gifts are used in accordance with the donors specific requests. Once the criteria for the contribution has been met, amounts are released into operations.In conjunction with the closure of the Manhattan hospital location, the unused restricted assets were reclassed to "Due To Donors" and are expected to be returned (on a pro rata basis) to the appropriate donor or charity, subject to the approval of the NYS Attorney General Office. Client Note 1 Client Note 1 - Due to closure of the Manhattan Campus prior to 12-31-10, the NYSDOH did not require a certified cost report. As a result, an audit of the SVCMC's financial statements was not performed. Accordingly, no audited financial statements exist for the year ended December 31, 2010, 2011, 2012 & 2013. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Yes, the Organization delegated control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person. Form 990, Part VI, Line 11b: Form 990 Review Process Unable to provide a copy to each of the Board of Directors at time of filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All employees and medical staff who are considered to be "key employees" because of their ability to influence substantive business decisions (e.g. Purchase, Contracts, Leases, etc.) and members of the Board of Directors are required to annually complete a complete a conflict of interest disclosure form that is reviewed by the compliance officer. If there are any potential conflicts indentified by key employees, the Board of Directors is informed. Once all potential conflict information is gathered, the Board of Directors shall make a determination whether actual conflicts exist. When a conflict is identified, corrective action shall be taken in accordance with the type and extent of conflict. In all situations, the relevant idividual shall be removed or recused from any decision making related to the potential conflict. Key employees and members of the Board of Directors are further instructed to disclose throughout the year if any new or previously unidentified conflicts arise. A summary of all completed conflict of interest information is compiled. This summary is then circulated to all Board Members for thier review. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board has jurisdiction over executive compensation. At their direction, incoming executives between the 50th and 75th percentile of the Market. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All employees and medical staff who are considered to be "Key Employees" because of their ability to influence substantive business decisions (e.g. Purchases, Contracts, Leases, etc.) and members of the Board of Directors are required to annually complete a conflict of interest disclosure form that is reviewed by the Compliance Officer. If there are any potential conflicts identified by key empmloyees, the Board of Directors is informed. For Board Members, a summary of all completed conflict of interest informatioin is compiled and circulated to all Board Members for their review. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available It is available upon request. Queensbrook Insurance Limited PO Box 1363 Grand Caymen Grand Caymen CJ ky1-1108 Captive Insurance Company CJ 1084886 71676202 Saint Vincent Catholic Medical Center Saint Elizabeth Anns Health Care 91 Tompkins Avenue Staten Island NY 10304 133603599 Fees charged for caring for patients NY SVCMC false Bishop Mugavero Center for Geriatric 155 Dean Street Brooklyn NY 11217 113097213 Fees NY SVCMC false Saint Jeromes Health Services Corp 1740 84th Street Brooklyn NY 11217 112948924 Fees NY SVCMC false Queensbrook Insurance New York 5 Penn Plaza New York NY 10001 203690309 Insurance NY SVCMC C 1.00000 false false false false false false false false false false false false true false false true false false false true Saint Elizabeth Anns Health Care s 1300000 FMV Queensbrook Insurance New York l 105000 FMV Queensbrook Insurance New York o 250000 FMV