2013-01-30T10:47:15-06:00 2011-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-01-01 112925535 THE SILVERCREST CENTER FOR NURSING AND REHABILITATION SILV 7184804097 144-45 87TH AVENUE JAMAICA NY 114353109 MICHAEL TRETOLA 7184804097 2013-01-25 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-25 16:41:14Z MICHAEL TRETOLA 144-45 87TH AVENUE JAMAICA NY 114353109 52059906 0 X WWW.SILVERCREST.ORG X 1990 NY SKILLED NURSING FACILITY 9 6 646 59 0 0 92754 123878 50227278 50868986 187300 162012 654712 842101 51162044 51996977 0 0 0 0 33684743 33507785 0 0 2523 18848751 18026880 52533494 51534665 -1371450 462312 37684914 35534537 29402978 27839216 8281936 7695321 SEE SCHEDULE O 0 0 45698521 50868986 SILVERCREST CENTER FOR NURSING AND REHABILITATION IS A SKILLED NURSING FACILITY FOR 320 RESIDENTS THAT PROVIDES VENTILATOR-RESPIRATORY CARE, SHORT-TERM REHABILITATION, AND LONG-TERM CARE FOR ALZHEIMER AND GERIATRIC PATIENTS. 45698521 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 45 0 646 1 0 0 0 0 0 1 1 0 0 0 0 X 9 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LINDA PROCHASKA VPCFO 7184804000 144-45 87TH AVENUE JAMAICA NY 114353109 X STEPHEN S MILLS FACHE 10.00 X X 134206 655248 80224 KATHLEEN M BURKE ESQ 1.00 X X 0 344549 45021 GEORGE F HEINRICH MD 8.00 X X 0 0 0 ALEXANDER DIPAOLO CPA 4.00 X 0 0 0 LAURENCE J BERGER 1.00 X 0 396712 42068 ANNE ALEXIS COTE TAYLOR 3.00 X 0 0 0 FRANK CORIGLIANO 1.00 X 0 0 0 PETER SARANTOS 1.00 X 0 0 0 REGINA PERGUGGI EDD 1.00 X 0 0 0 MICHAEL TRETOLA FACHE 50.00 X 247900 50774 42123 WILLIAM P WISSEMANN ESQ 2.00 X 10486 339051 34716 KEVIN J WARD CPA 3.00 X 25198 478760 43023 LINDA PROCHASKA CPA 58.50 X 255625 6554 26388 DANIEL RUSSOMD 60.00 X 276785 0 21406 AUNG ZE YA 60.00 X 158757 0 31263 KAREN DIKEMAN 60.00 X 134598 0 20515 NATASHA ELIE-LOUISSAINT LNHA 60.00 X 161879 0 37781 DENISE LAWSON 60.00 X 131326 0 27139 LORETTA MCMANUS 60.00 X 200000 0 34564 1736760 2271648 486231 15 0 1 0 COMPASS GROUP- MORRISON MANAGEMENT SPECI PO BOX 102289 ATLANTA GA 30368 DIETARY SERVICES 2079952 NEW YORK HOSPITAL MEDICAL CENTER OF QUEE 56-45 MAIN STREET FLUSHING NY 11355 ADMINISTRATIVE SERVICES 675000 OCEANSIDE INSTITUTION 2525 LONG BEACH ROAD OCEANSIDE NY 11572 LAUNDRY & LINEN 423148 LOEB AND TROPER 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 ACCOUNTING 174184 DEFENDER SECURITY SERVICES INC 97-29 64TH ROAD REGO PARK NY 11374 SECURITY 169503 6 82703 41175 3671 123878 MEDICARE/MEDICAID 623000 40694805 40694805 PRIVATE/HMO/HOSPICE AN 623000 10174181 10174181 50868986 162012 162012 23100 20288 2812 2812 2812 37672 82703 42641 -4969 -4969 PURCHASE DISCOUNTS 900099 409021 409021 CAFETERIA 900099 181738 181738 MANAGEMENT FEES 900099 179333 179333 74166 74166 844258 51996977 50868986 0 1004113 1049126 298191 750935 23086796 21868880 1215967 1949 1503629 1366457 137091 81 5874237 5344951 528936 350 1993997 1814394 179460 143 402858 402858 137132 137132 152141 152141 16265 16265 5315284 4755632 559652 212 212 4460495 4235526 224969 231355 231355 1657806 871524 786282 41910 19972 21938 1589909 1327815 262094 581106 507001 74105 NURSING HOME ASSESSMENT 2481510 2481510 BAD DEBT 795201 795201 163696 11467 152229 51534665 45698521 5833621 2523 85379 36504 3390079 1804504 9224104 9062667 67308 70629 139782 176583 48296308 33713414 15457240 14582894 6883810 6977522 191106 176214 2246106 2647020 37684914 35534537 6681706 5707410 18296056 16870389 4425216 5261417 29402978 27839216 X 8256936 7656379 25000 38942 8281936 7695321 37684914 35534537 X 462312 -1048927 X X 0 1 1 X 0 X 78079 258509 664069 92754 123878 1217289 46093742 48365716 49222324 50227278 50868986 244778046 46171821 48624225 49886393 50320032 50992864 245995335 0 0 0 245995335 768347 457455 254885 187300 185112 1853099 768347 457455 254885 187300 185112 1853099 6563 6563 1167316 550022 983053 662941 844258 4207590 48114047 49631702 51124331 51170273 52022234 252062587 0.97590 0.97520 0.00740 0.00960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5803 5803 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: CCLC DUES, NYAHSA DUES AND NY PRESBYTERIAN DUES 1713566 1713566 28219142 21317202 6901940 17660960 11956915 5704045 702640 439297 263343 14582894 RESIDENT TRUST FUNDS 361035 DUE FROM THIRD PARTIES 909118 DUE FROM RELATED ORGANIZATIONS 1376867 2647020 RESIDENT FUNDS PAYABLE 361035 DUE TO THIRD PARTIES 1829484 DUE TO RELATED ORGANIZATIONS 444593 SWAP LIABILITY 2626305 5261417 51996977 51534665 462312 -89903 -959024 -1048927 -586615 50968338 -89903 -938736 -1028639 51996977 0 51996977 51554953 20288 20288 51534665 0 51534665 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SILVERCREST HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON SWAP AGREEMENT -959,024. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SWAP AGREEMENT -959,024. RENT EXPENSES 20,288. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES 20,288. ANNUAL GOLF CLASSIC 120375 82703 37672 3671 28110 10860 120375 82703 37672 3671 28110 10860 42641 -4969 X X X X X 0 1 0 0 0 0 0 0 0 STEPHEN S MILLS FACHE 126486 617553 0 0 7720 37695 10982 53618 2656 12968 147844 721834 0 0 KATHLEEN M BURKE ESQ 0 284455 0 54174 0 5920 0 24500 0 20521 0 389570 0 0 LAURENCE J BERGER 0 300047 0 62292 0 34373 0 17150 0 24918 0 438780 0 0 MICHAEL TRETOLA FACHE 243930 49961 0 0 3970 813 16268 3332 18694 3829 282862 57935 0 0 WILLIAM P WISSEMANN ESQ 10317 333598 0 0 169 5453 588 19012 453 14663 11527 372726 0 0 KEVIN J WARD CPA 24240 460556 0 0 958 18204 980 18620 1171 22252 27349 519632 0 0 LINDA PROCHASKA CPA 251605 6451 0 0 4020 103 19110 490 6618 170 281353 7214 0 0 DANIEL RUSSOMD 273500 0 0 0 3285 0 19600 0 1806 0 298191 0 0 0 AUNG ZE YA 158757 0 0 0 0 0 7347 0 23916 0 190020 0 0 0 KAREN DIKEMAN 133966 0 0 0 632 0 10944 0 9571 0 155113 0 0 0 NATASHA ELIE-LOUISSAINT LNHA 161604 0 0 0 275 0 13194 0 24587 0 199660 0 0 0 DENISE LAWSON 130810 0 0 0 516 0 5897 0 21242 0 158465 0 0 0 LORETTA MCMANUS 200000 0 0 0 0 0 20475 0 14089 0 234564 0 0 0 PART I, LINE 4B STEPHEN S MILLS- 457 F PLAN - 45,000 FORM 990, PART VI, SECTION A, LINE 6 SILVERCREST CENTER FOR NURSING AND REHABILITATION (THE "ORGANIZATION") IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC. ("SYSTEM INC."). SYSTEM INC. IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS ARE APPOINTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC., WHICH IS ALSO A TAX-EXEMPT ORGANIZATION. THE MEMBERS OF THE ORGANIZATION ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A SILVERCREST CENTER FOR NURSING AND REHABILITATION (THE "ORGANIZATION") IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC. THE ORGANIZATION'S MEMBERS ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B (A) THE MEMBERS SHALL HAVE THE SOLE AUTHORITY TO ESTABLISH FROM TIME TO TIME THE NUMBER OF TRUSTEES TO BE ELECTED AT LARGE, TO ELECT TRUSTEES TO BE ELECTED AT LARGE AND TO REMOVE TRUSTEES, INCLUDING TRUSTEES SERVING BY REASON OF THEIR OFFICE, WITH OR WITHOUT CAUSE. (B) THE APPROVAL OF THE MEMBERS SHALL BE REQUIRED FOR (1) THE ELECTION OR THE REMOVAL BY THE BOARD OF THE CHIEF FINANCIAL OFFICER, CHIEF MEDICAL OFFICER AND CHIEF INFORMATION OFFICER, IF ANY, OR ANY OTHER CORPORATE OFFICER WHOSE POWERS AND DUTIES INCLUDE THOSE WHICH USUALLY APPERTAIN TO SUCH OFFICES, (2) THE AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BY-LAWS OF THE CORPORATION, (3) THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, (4) THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANOTHER ENTITY OR (5) THE DISSOLUTION OF THE CORPORATION. EXCEPT AS MAY BE LIMITED BY APPLICABLE LAW GOVERNING HEALTH CARE INSTITUTIONS, THE MEMBERS SHALL HAVE SUCH OTHER POWERS AND AUTHORITY AS ARE AFFORDED TO THE MEMBERS UNDER THE CORPORATION'S CERTIFICATE OF INCORPORATION OR GENERALLY TO MEMBERS OF NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WAS PRESENTED TO THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD AT A MEETING HELD DURING THE MONTH OF OCTOBER OF 2012. EACH MEMBER REVIEWED IT AND WHEN SATISFIED, THE FORM 990 WAS APPROVED BY AUDIT MEMBERS AND RECORDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, AND ANY OFFICER OR KEY PERSON PRESENTING A PROPOSED TRANSACTION OR OTHER MATTER TO A BOARD, SHALL DISCLOSE PROMPTLY AND IN GOOD FAITH TO THE BOARD SUCH INDIVIDUAL'S INTEREST IN A PROPOSED TRANSACTION OR OTHER MATTER TO BE CONSIDERED BY THE BOARD. THE INDIVIDUAL MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE BOARD OR USE PERSONAL INFLUENCE IN ITS MATTERS. FOLLOWING ANY SUCH DISCLOSURE, AND AFTER SUCH DUE DILIGENCE AND SUCH DEVELOPMENT AND CONSIDERATION OF OTHER ALTERNATIVES, IF ANY, AS THE BOARD SHALL DEEM APPROPRIATE, THE BOARD MAY, IN ITS DISCRETION, AUTHORIZE OR APPROVE THE PROPOSED TRANSACTION OR OTHER MATTER AS AT LEAST AS FAIR AND REASONABLE TO THE SILVERCREST ORGANIZATION AS WOULD OTHERWISE BE OBTAINABLE BY THE SILVERCREST ORGANIZATION. SUCH ACTIONS SHALL BE BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED PERSON OR PERSONS AND SUCH PERSON OR PERSONS MAY NOT PARTICIPATE IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING. NO EMPLOYEE, MEMBER OF THE MEDICAL STAFF OR ANY OTHER PERSON RECEIVING COMPENSATION DIRECTLY OR INDIRECTLY FROM A SILVERCREST ORGANIZATION SHALL SERVE AS A MEMBER OF A BOARD COMMITTEE RESPONSIBLE FOR AUDIT AND CORPORATE COMPLIANCE OR EXECUTIVE COMPENSATION MATTERS. UPON REASONABLE BELIEF THAT A BOARD MEMBER, OFFICER OR KEY PERSON FAILED TO COMPLY WITH THE POLICIES AND DIRECTIVES SET FORTH IN THIS POLICY STATEMENT, THE BOARD OF THE SILVERCREST ORGANIZATION OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF SILVERCREST SHALL INFORM THE INDIVIDUAL OF THE BASIS OF THE BELIEF AND PROVIDE AN OPPORTUNITY TO EXPLAIN THE NONCOMPLIANCE. IF AFTER HEARING THE RESPONSE FROM THE INDIVIDUAL AND MAKING FURTHER APPROPRIATE INVESTIGATIONS, THE BOARD OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE DETERMINES THAT THE INDIVIDUAL HAS, IN FACT, FAILED TO COMPLY WITH SUCH POLICIES AND DIRECTIVES, IT SHALL TAKE OR RECOMMEND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION AND KEY EMPLOYEE COMPENSATION WAS REVIEWED BY THE COMPENSATION COMMITTEE IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE FOR THE PUBLIC UPON REQUEST. ALLOCATION OF TIME WORKED FROM RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A AVERAGE HOURS PER WEEK FROM RELATED ORGANIZATIONS STEPHEN S. MILLIS - 50 HOURS KATHLEEN M. BURKE - 59 HOURS LAURENCE J. BERGER - 59 HOURS KEVIN J. WARD - 57 HOURS WILLIAM P. WISSEMAN - 58 HOURS LINDA PROCHASKA - 1.5 HOURS MICHAEL TRETOLA - 10 HOURS FORM 990, PART VII,SECTION A FOR PURPOSES OF REPORTING SALARY ALLOCATIONS ON PART VII SCH A. BETWEEN THE ORGANIZATION(COL D) AND RELATED ORGANIZATIONS(COL E) THE FOLLOWING FORMULA WAS USED: THE RATIO OF HOURS DEDICATED TO THE ORGANIZATION TO TOTAL HOURS WORKED BY THE INDIVIDUAL ACROSS ALL ORGANIZATIONS APPLIED TO TOTAL COMPENSATION PAID BY ALL ORGANIZATIONS. THIS METHOD IS APPLIED CONSISTENTLY FOR ALL INDIVIDUALS WHO DEDICATED MORE THAN ONE HOUR WEEKLY TO THE ORGANIZATION REGARDLESS OF WHAT ORGANIZATION THEY RECEIVED DIRECT W2 COMPENSATION FROM. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -89,903. LOSS ON SWAP AGREEMENT -959,024. TOTAL TO FORM 990, PART XI, LINE 5: -1,048,927. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EXECUTIVE NOTE FOR SYSTEM HOSPITALS SCHEDULE J PART II CERTAIN OFFICERS AND KEY EMPLOYEES OF THE NEW YORK AND PRESBYTERIAN HOSPITAL THAT ARE IDENTIFIED IN PART VII AS OFFICERS OR TRUSTEES OF THE SILVERCREST CENTER FOR NURSING AND REHABILITATION ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK AND PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2011 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE-ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. IN 2010, THE PLAN WAS REDESIGNED IN ANTICIPATION OF CHANGES IN DEFERRED COMPENSATION RULES IN THE NOT-FOR-PROFIT ENVIRONMENT AND TO MAKE THE VALUE OF THE BENEFIT EASIER TO UNDERSTAND FOR PARTICIPANTS. THE REDESIGNED PLAN MAINTAINS THE TARGET LEVEL OF SERP BENEFITS AND MODIFIES THE VESTING SCHEDULES TO COMMENCE AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65. CONSEQUENTLY, FOR CERTAIN INDIVIDUALS, THERE IS AN INCREASE IN THE AMOUNT REFLECTED IN THE SERP COMPENSATION DUE TO THE CHANGE IN THE VESTING AND AMORTIZATION PERIODS. AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. THE INDIVIDUALS LISTED IN PART VII THAT ARE COMPENSATED BY NEW YORK PRESBYTERIAN HOSPITAL DEVOTE AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM THEIR RESPONSIBILITIES FOR THE NEW YORK AND PRESBYTERIAN HOSPITAL AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE. THE INDIVIDUALS LISTED IN PART VII THAT ARE COMPENSATED BY NEW YORK HOSPITAL MEDICAL CENTER OF QUEENS DEVOTE AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM THEIR RESPONSIBILITIES FOR THE NEW YORK HOSPITAL MEDICAL CENTER OF QUEENS AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE. MISSION STATEMENT FORM 990, PART III, LINE 1 SILVERCREST CENTER FOR NURSING AND REHABILITATION LOCATED IN QUEENS, NEW YORK HAS CHOSE OUR MISSION TO PROVIDE A CONTINUUM OF CARE THROUGH DIVERSE PROGRAMS THAT PROVIDE QUALITY HEALTH CARE AND PROMOTE INDEPENDENCE AND DIGNITY FOR ALL, IN AN ENVIRONMENT WHERE LEADERSHIP IS BY EXAMPLE, KNOWLEDGE IS SHARED, CREATIVITY IS SOUGHT AFTER AND CONTINUED EDUCATION IS PROMOTED. SIMPLY PUT, "GIVING QUALITY TO LIFE". SILVERCREST HAS HARNESSED THE RESOURCE AND CREATED THE SPIRIT AND ENVIRONMENT THAT IS NEEDED TO EXCEL IN LONG-TERM CARE, SUB-ACUTE REHABILITATION AND VENTILATOR PATIENTS. IT IS, IN FACT, THE SYNERGY THAT HAS DEVELOPED BETWEEN OUR THREE PATIENT CARE SYSTEMS THAT ALLOWS US TO DELIVER A LEVEL OF QUALITY FOR EACH THAT WOULD BE HARD TO ACHIEVE FOR INDIVIDUAL SERVICES EXISTING ON THEIR OWN. JUST AS OUR LONG TERM CARE RESIDENTS BENEFIT FROM THE PRESENCE OF A VIBRANT, ON-SITE SUB-ACUTE REHABILITATION PROGRAM, AND FROM THE SOPHISTICATED MEDICAL RESOURCES NEEDED TO RUN OUR AWARD-WINNING VENTILATOR AND RESPIRATORY CARE UNIT, SO THE LIVES OF OUR VENTILATOR PATIENTS ARE ENRICHED BY THE RECREATIONAL AND PASTORAL RESOURCES OF OUR LONG TERM CARE PROGRAM. PLEASE VISIT THE WEBSITE FOR A VIRTUAL TOUR AT WWW.SILVERCREST.ORG. NETWORK RECOVERY SERVICES INC 525EAST 68TH STREET BOX 156 NEW YORK NY 10065 113160901 COLLECTION NY 501 C (3) 11 TYPE III NYP SYSTEM INC 1 NEW YORK HOSPITAL MEDICAL CENTER OF QUEENS 56-45 MAIN STREET FLUSHING NY 11355 111839362 HEALTHCARE NY 501 C (3) 3 NYP SYSTEM INC 1 CRT SURGICAL ASSOCIATES PC 56-45 MAIN STREET FLUSHING NY 11355 112226870 HEALTHCARE NY 501 C (3) 11 TYPE I NYHQ 1 BMA MEDICAL FOUNDATION 56-45 MAIN STREET FLUSHING NY 11355 112848858 EDU/RESEARCH NY 501 C (3) 4 NYHQ 1 NY PRESBYTERIAN HEALTHCARE SYSTEM INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133792361 SPONSOR NY 501 C (3) 11 TYPE III NYP FDN 1 NEW YORK PRESBYTERIAN FUND INC 525 EAST 68TH STREET NEW YORK NY 10065 133160356 FUNDRAISING NY 501 C (3) 7 NYP FDN 1 NEW YORK PRESBYTERIAN FOUNDATION INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 134153668 SUPPORT ORG NY 501 C (3) 11 TYPE I N/A 0 THE NEW YORK AND PRESBYTERIAN HOSPITAL 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133957095 HEALTHCARE NY 501 C (3) 3 NYP FDN 1 ROYAL CHARTER PROPERTIES INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133158502 REAL ESTATE NY 501 C (3) 11 TYPE II NYP FDN 1 ROYAL CHARTER PROPERTIES EAST INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133158496 REAL ESTATE NY 501 C (3) 11 TYPE II NYP FDN 1 ROYAL CHARTER PROPERTIES WESTCHESTER INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133160354 REAL ESTATE NY 501 C (3) 11 TYPE II NYP FDN 1 PRESBYTERIAN HEALTH RESOURCES INC 525 EAST 68TH STREET BOX 156 NEW YORK NY 10065 133145970 HEALTHCARE NY 501 C (3) 11 TYPE I NYP FDN 1 HOSPITAL FOR SPECIAL SURGERY 535 EAST 70TH STREET NEW YORK NY 10021 131624135 HEALTHCARE NY 501 C (3) 3 NYP FDN 1 THE NEW YORK GRACIE SQUARE HOSPITAL INC 420 EAST 76TH STREET NEW YORK NY 10021 133746997 HEALTHCARE NY 501 C (3) 3 NYP SYSTEM INC 1 THE NEW YORK METHODIST HOSPITAL 506 SIXTH STREET NEW YORK NY 11215 111631796 HEALTHCARE NY 501 C (3) 3 NYP SYSTEM INC 1 THE BROOKLYN HOSPITAL CENTER 121 DEKALB AVENUE BROOKLYN NY 11201 111630755 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