PHYSICIANS HOME: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PHYSICIANS HOME (EIN 13-1782482)
- Tax period
- 2011-10-01 to 2012-09-30
- Filed
- 2013-05-14
- IRS object ID
- 201331349349305338
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T14:08:22-05:00 | Timestamp |
| Tax Period End Date | 2012-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271728945 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNOR DAVIES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 FIFTH AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131782482 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHYSICIANS' HOME INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PHYS | NameControl |
| Phone | 2128364318 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 PARK AVENUE 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100228632 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH B CLEARY MD | Name |
| Title | PRESIDENT | Title |
| Phone | 2128364318 | Phone |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARRETT M HIGGINS CPA | Name |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | Phone |
| Date Prepared | 2013-05-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH B CLEARY MD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 PARK AVENUE 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100228632 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1319955 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.PHYSICIANSHOME.ORG/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1919 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | PHYSICIANS' HOME PROVIDES REGULAR FINANCIAL AID TO NEEDY PHYSICIANS OR THEIR DEPENDENTS. DURING THE YEAR FORTY-ONE INDIVIDUALS RECEIVED HELP TOTALING $290,000. THIRTY-TWO BENEFICIARIES WERE PHYSICIANS AND NINE WERE FAMILY MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 37 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 156312 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 66296 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 284972 | InvestmentIncomePriorYear |
| Investment Income Current Year | 180972 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 441284 | TotalRevenuePriorYear |
| Total Revenue Current Year | 247268 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 273723 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 290330 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 55892 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 64443 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 23614 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 134748 | OtherExpensePriorYear |
| Other Expenses Current Year | 133582 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 464363 | TotalExpensesPriorYear |
| Total Expenses Current Year | 488355 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -23079 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -241087 | RevenuesLessExpensesCY |
| Total Assets BOY | 6198178 | TotalAssetsBOY |
| Total Assets EOY | 6913845 | TotalAssetsEOY |
| Total Liabilities BOY | 4337 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24483 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6193841 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6889362 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 323401 | Expense |
| Grants | 290330 | Grants |
| Description | PHYSICIANS' HOME PROVIDES REGULAR FINANCIAL AID TO NEEDY PHYSICIANS OR IMMEDIATE FAMILY MEMBERS OF A DECEASED PHYSICIAN. TO BE ELIGIBLE, THE PHYSICIAN SHOULD HAVE OBTAINED A NEW YORK STATE MEDICAL LICENSE AND HAVE PRACTICED IN THE STATE. ASSISTANCE IS GIVEN WITH THE GOAL BEING TO HELP PROVIDE FOR MODEST LIVING REQUIREMENTS. NO REPAYMENT IS EXPECTED. THE ORGANIZATION PROVIDES SOCIAL SERVICE EVALUATIONS TO AID BENEFICIARIES IN OBTAINING ASSISTANCE TO WHICH THEY ARE ENTITLED FROM GOVERNMENTAL AND OTHER ORGANIZATIONS. DURING THE YEAR THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS EVALUATED THE NEED OF EACH BENEFICIARY FOR CONTINUED ASSISTANCE. IT ALSO EVALUATED SEVEN NEW APPLICATIONS FOR AID, ACCEPTING FIVE. THE ORGANIZATION PROVIDED $290,000 IN DIRECT ASSISTANCE TO THIRTY-TWO PHYSICIANS AND NINE FAMILY MEMBERS DURING THE YEAR. | Description |
| Total Program Service Expense | 323401 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOSEPH B CLEARY MD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2128364318 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 PARK AVENUE 9TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JOSEPH B CLEARY MD | ||||||
| DIRECTOR & PRESIDENT | 8.00 | X | X | 30072 | 0 | 0 |
| MARTHA REDO EEQ | ||||||
| DIRECTOR & TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| DONALD D FAGER ESQ | ||||||
| DIRECTOR & SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| ALLEN MEAD MD | ||||||
| DIRECTOR & 1ST VICE-PRESIDENT | 0.10 | X | X | 0 | 0 | 0 |
| ANDREW E SAMA MD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRUCE C HORTEN MD | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| DAVID S KARAN MD | ||||||
| DIRECTOR & TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| EDRIS BLOOMFIELD | ||||||
| DIRECTOR | 0.00 | X | 0 | 0 | 0 | |
| EDWARD J AMSLER ESQ | ||||||
| TRUSTEE | 0.20 | X | 0 | 0 | 0 | |
| EMILY SONNENBLICK MD | ||||||
| DIRECTOR | 0.00 | X | 0 | 0 | 0 | |
| FAZLULLAH MOQTADERI MD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| FRANCIS IACOBELLIS MD | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| FRANK IAQUINTA MD | ||||||
| DIRECTOR | 0.00 | X | 0 | 0 | 0 | |
| GEORGE DERMKSIAN MD | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JANET POPE-SULLIVAN | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JOEL ARCHER MD | ||||||
| DIRECTOR & 2ND VICE-PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| JOHN A MCCLUNG MD | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| MARY DODD LMSW | ||||||
| DIRECTOR | 1.00 | X | 200 | 0 | 0 | |
| SHERWOOD JACOBSON MD | ||||||
| DIRECTOR | 0.00 | X | 0 | 0 | 0 | |
| STEPHEN CONNOLLY MD | ||||||
| DIRECTOR & TRUSTEE | 0.10 | X | 0 | 0 | 0 | |
| WILLIAM HEALY MD | ||||||
| DIRECTOR & TRUSTEE | 0.10 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 30272 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Membership Dues | 3142 | MembershipDues |
| All Other Contributions | 63154 | AllOtherContributions |
| Total Contributions | 66296 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 185453 | TotalRevenueColumn |
| Exclusion | $185,453 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1068206 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1072687 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -4481 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4481 | TotalRevenueColumn |
| Exclusion | -$4,481 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 247268 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $180,972 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200 | Total |
| Program Services | 200 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 290130 | Total |
| Program Services | 290130 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30272 | Total |
| Program Services | 15236 | ProgramServices |
| Management And General | 7518 | ManagementAndGeneral |
| Fundraising | 7518 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25723 | Total |
| Program Services | 12861 | ProgramServices |
| Management And General | 6431 | ManagementAndGeneral |
| Fundraising | 6431 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1500 | Total |
| Program Services | 750 | ProgramServices |
| Management And General | 375 | ManagementAndGeneral |
| Fundraising | 375 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6948 | Total |
| Program Services | 3474 | ProgramServices |
| Management And General | 1737 | ManagementAndGeneral |
| Fundraising | 1737 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30252 | Total |
| Management And General | 30252 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26641 | Total |
| Management And General | 26641 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6873 | Total |
| Fundraising | 6873 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14883 | Total |
| Management And General | 14203 | ManagementAndGeneral |
| Fundraising | 680 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45818 | Total |
| Management And General | 45818 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1434 | Total |
| Program Services | 750 | ProgramServices |
| Management And General | 684 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4300 | Total |
| Management And General | 4300 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 886 | Total |
| Management And General | 886 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2495 | Total |
| Management And General | 2495 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488355 | Total |
| Program Services | 323401 | ProgramServices |
| Management And General | 141340 | ManagementAndGeneral |
| Fundraising | 23614 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 300 | BOY |
| EOY | 72477 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 388067 | BOY |
| EOY | 543281 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11195 | BOY |
| EOY | 14227 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 898 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 14486 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12113 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2423 | BOY |
| EOY | 2373 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4511499 | BOY |
| EOY | 5486304 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1276294 | BOY |
| EOY | 785885 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8400 | BOY |
| EOY | 8400 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6198178 | BOY |
| EOY | 6913845 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4337 | BOY |
| EOY | 24483 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4337 | BOY |
| EOY | 24483 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5565073 | BOY |
| EOY | 5474709 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 785885 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 628768 | BOY |
| EOY | 628768 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6193841 | BOY |
| EOY | 6889362 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6198178 | BOY |
| EOY | 6913845 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -241087 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 936608 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 72043 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 66059 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 54922 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 68218 | CurrentTaxYearMinus1Year |
| Current Tax Year | 66296 | CurrentTaxYear |
| Total | 327538 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 72043 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 66059 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 54922 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 68218 | CurrentTaxYearMinus1Year |
| Current Tax Year | 66296 | CurrentTaxYear |
| Total | 327538 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 4516 | AmountsSubstContributorsTotal |
| Public Support Total170 | 323022 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 167569 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 131067 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 158831 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 173744 | CurrentTaxYearMinus1Year |
| Current Tax Year | 185453 | CurrentTaxYear |
| Total | 816664 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1144202 | TotalSupport |
| Public Support Pertcentage170 | 0.28230 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.29700 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| Facts And Circumstances Test | PHYSICIANS' HOME MAINTAINS AN ON-GOING PROGRAM OF SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. ANNUALLY IN NOVEMBER, THE ORGANIZATION SENDS AN APPEAL LETTER TO INDIVIDUALS WHO HAVE CONTRIBUTED IN THE PAST; AT REGULAR INTERVALS, USUALLY EVERY THIRD YEAR, THIS APPEAL IS SENT TO ALL PHYSICIANS PRACTICING IN NEW YORK STATE, REACHING APPROXIMATELY 55,000 INDIVIDUALS. IN 2012, PHYSICIANS' HOME, FOR THE FIRST TIME, PRODUCED A DONORS' JOURNAL. THIS PUBLICATION INCLUDED MESSAGES OF SUPPORT AND GRATITUDE FROM CONTRIBUTORS AND LISTED THE NAMES OF ALL CONTRIBUTORS. THE ORGANIZATION PLANS TO CONTINUE THE DONORS' JOURNAL AS PART OF ITS FUNDRAISING EFFORT.WITH THE 2012 APPEAL, THE ORGANIZATION ACCEPTED CONTRIBUTIONS BY CREDIT CARD FOR THE FIRST TIME. PHYSICIANS' HOME IS CURRENTLY EXPANDING ITS WEBSITE TO PROVIDE AN ATTRACTIVE PICTURE OF ITS HISTORY, MISSION, AND ORGANIZATION. THE ORGANIZATION'S INVESTMENT PORTFOLIO, AND RELATED INVESTMENT INCOME, IS THE RESULT OF SUBSTANTIAL CONTRIBUTIONS BY NUMEROUS MEMBERS OF THE PHYSICIAN AND NON-PHYSICIAN COMMUNITIES OVER MANY YEARS. THE PORTFOLIO HAS BEEN AUGMENTED BY NUMEROUS ESTATE LEGACIES OVER THE YEARS. DURING THE YEAR ENDED JUNE 30, 2012, PHYSICIANS HOME RECEIVED ABOUT 450 CONTRIBUTIONS, MOST FROM INDIVIDUALS. MEDICAL ORGANIZATIONS, SUCH AS COUNTY MEDICAL SOCIETIES, ALSO CONTRIBUTED.THE ORGANIZATION'S OFFICE IS STAFFED DAILY. THE EXECUTIVE COMMITTEE HOLDS REGULARLY SCHEDULED MEETINGS TO REVIEW BENEFICIARY CIRCUMSTANCES. CHECKS ARE DISBURSED TO BENEFICIARIES FROM THE ORGANIZATION'S OFFICE ON THE FIRST OF EACH MONTH. IN ADDITION TO REGULAR MONTHLY CHECKS, PHYSICIANS' HOME OFTEN MAKES DISBURSEMENTS TO MEET EMERGENCIES SHOULD A BENEFICIARY'S SITUATION WARRANT SUCH A PAYMENT.PHYSICIANS' HOME HAS A REPRESENTATIVE GOVERNING BODY. THE TWENTY-MEMBER BOARD OF DIRECTORS INCLUDES PRACTICING AND RETIRED PHYSICIANS WHO PARTICIPATE BECAUSE OF THEIR DEDICATION TO THE ORGANIZATION'S MISSION. THE BOARD ALSO INCLUDES A LICENSED SOCIAL WORKER, TWO ATTORNEYS, AND THE LEADER OF A CHARITABLE ORGANIZATION DEDICATED TO CHILDREN WITH CANCER. | FactsAndCircumstancesTest |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 628768 | BeginningOfYearBalance |
| End Of Year Balance | 628768 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 628768 | BeginningOfYearBalance |
| End Of Year Balance | 628768 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 628768 | BeginningOfYearBalance |
| End Of Year Balance | 628768 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 628768 | BeginningOfYearBalance |
| End Of Year Balance | 628768 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14486 | OtherCostOrOtherBasis |
| Depreciation | 12113 | Depreciation |
| Book Value | 2373 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2373 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BENEFICIAL INTEREST IN CHARITBALE REMAINDER TRUST | Description |
| Book Value | 785885 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 785885 | TotalOfBookValueSecurities |
| Total Revenue | 247268 | TotalRevenue |
| Total Expenses | 488355 | TotalExpenses |
| Excess Or Deficit For Year | -241087 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 532093 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | 339085 | PriorPeriodAdjustments |
| Other | $65,430 | OtherAmount |
| Total Adjustments | 936608 | TotalAdjustments |
| Excess Or Deficit Per FS | 695521 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 844791 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 532093 | NetUnrealizedGainsInvestments |
| Other Revenues | 65430 | OtherRevenues |
| Revenue Not Rptd F990 | 597523 | RevenueNotRptdF990 |
| Revenue Subtotal | 247268 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 247268 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 488355 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 488355 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 488355 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO GENERATE INCOME IN PERPETUITY. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION'S TAX RETURNS FOR ALL YEARS SINCE FISCAL 2009 REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 64,485. PRIOR PERIOD ADJUSTMENT TO UNREALIZED APPRECIATION ON INVESTMENTS 500. PRIOR PERIOD ADJUSTMENT TO CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 445. TOTAL TO SCHEDULE D, PART XI, LINE 8: 65,430. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 64,485. PRIOR PERIOD ADJUSTMENT TO UNREALIZED APPRECIATION ON INVESTMENTS 500. PRIOR PERIOD ADJUSTMENT TO CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 445. | |
| PART XI, PAGE 4, LINE 8: AS OF OCTOBER 1, 2011, THE ORGANIZATION RECORDED ADJUSTMENTS TO ITS OPENING NET ASSETS BALANCES RELATED TO A) AN INCREASE IN THE ESTIMATED FAIR VALUE OF AN AMOUNT RECEIVABLE FROM A TRUST WHICH TERMINATED DURING FISCAL 2011; B) AN INCREASE IN THE ESTIMATED FAIR VALUE OF A BENEFICIAL INTEREST IN A CHARITABLE REMAINDER TRUST DUE TO THE RECOMPUTATION OF THE ESTIMATED FAIR VALUE OF SUCH INTEREST; C) THE RECLASSIFICATION OF NET ASSETS PERTAINING TO A BENEFICIAL INTEREST IN A CHARITABLE REMAINDER TRUST FROM UNRESTRICTED TO TEMPORARILY RESTRICTED. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | NORTH AMERICA | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 240684 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 240684 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 240684 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: NOTE: ON JANUARY 12, 2012 THE ORGANIZATION PURCHASED A $100,000 CANADIAN PACIFIC RAILWAY COMPANY 4.45% NOTE DUE 3/15/2023. COST: $102,000. THIS BOND WAS PURCHASED ON THE OPEN MARKET IN THE US. NO FUNDS WENT TO A FOREIGN COUNTRY. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL ASSISTANCE | TypeOfGrant |
| Number Of Recipients | 41 | NumberOfRecipients |
| Amount Of Cash Grant | 290130 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: PHYSICIANS' HOME MAINTAINS DETAILED RECORDS ON ALL RECIPIENTS OF FINANCIAL ASSISTANCE. THESE RECORDS INCLUDE APPLICATIONS FOR ASSISTANCE ALONG WITH EVIDENCE PERTINENT TO CLAIMS OF FINANCIAL HARDSHIP AND MEDICAL DISABILITY. FOLLOW UP IS PERFORMED ON A REGULAR BASIS USING UPDATE FORMS REVIEWED BY THE EXECUTIVE COMMITTEE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART III, LINE 1: | PHYSICIANS' HOME WAS FOUNDED IN NEW YORK CITY IN 1919, BY SEVERAL PHYSICIANS WHO SAW A NEED TO HELP OTHER DOCTORS WHO WERE STRUGGLING FINANCIALLY. DURING THE EARLIEST YEARS PHYSICIANS' HOME WAS ACTUALLY A PHYSICAL STRUCTURE, LOCATED IN UPSTATE ALLEGANY COUNTY. IN TIME, IT WAS DECIDED THAT PHYSICIANS IN NEED COULD BEST BE SERVED BY PROVIDING MONTHLY FINANCIAL ASSISTANCE, HELPING THEM TO REMAIN IN THEIR OWN HOMES. THE MISSION OF THE ORGANIZATION HAS BEEN CARRIED OUT FOR THE PAST HALF-CENTURY THIS WAY. THE BASIC ELIGIBILITY REQUIREMENTS ARE THAT A DOCTOR HAS OBTAINED A NEW YORK STATE MEDICAL LICENSE, AND HAS PRACTICED IN THE STATE. IMMEDIATE FAMILY MEMBERS OF A DECEASED PHYSICIAN MAY ALSO BE ELIGIBLE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTOR'S REVIEWS APPLICATIONS, AND ASSISTANCE IS GIVEN WITH THE GOAL BEING TO HELP PROVIDE FOR MODEST LIVING REQUIREMENTS. NO RE-PAYMENT IS EXPECTED. BENEFICIARY CIRCUMSTANCES ARE REVIEWED AT INTERVALS, TO DETERMINE THE NEED FOR CONTINUED ASSISTANCE. SOCIAL SERVICE INTERVIEWS AND EVALUATIONS ARE CARRIED OUT AS CALLED FOR IN INDIVIDUAL CASES. DURING OUR LAST YEAR, FISCAL YEAR ENDING SEPTEMBER 30, 2012, HELP WAS PROVIDED TO FORTY-ONE BENEFICIARIES, WHO RECEIVED A TOTAL OF $290,000 IN AID. A DONOR'S JOURNAL WAS INITIATED LAST YEAR, GIVING CONTRIBUTORS AN OPPORTUNITY TO EXPRESS GOOD WISHES ALONG WITH THEIR CONTRIBUTION. OUR FUND RAISING APPEAL PROVIDED $55,000; IN ADDITION, A LARGE DISTRIBUTION WAS RECEIVED FROM A LONG-STANDING TRUST FUND. WE LOOK FORWARD TO CONTINUING OUR ROLE IN ASSISTING NEW YORK STATE PHYSICIANS IN NEED. |
| FORM 990, PART VI, SECTION A, LINE 6 | PHYSICIANS' HOME HAS TWO (2) CLASSES OF MEMBERSHIP, CONTRIBUTING MEMBERS AND ADMINISTRATIVE MEMBERS. CONTRIBUTORS OF $20 OR MORE TO PHYSICIANS' HOME ARE CONTRIBUTING MEMBERS OF THE CORPORATION FOR THAT FISCAL YEAR. THOSE ELECTED BY THE MEMBERS TO BE DIRECTORS, TRUSTEES, OR OFFICERS OF THE CORPORATION ARE ADMINISTRATIVE MEMBERS. EACH CONTRIBUTING AND ADMINISTRATIVE MEMBER OF THE CORPORATION IS ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, AT ALL MEETINGS OF MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | PHYSICIANS' HOME HAS CONTRIBUTORY MEMBERS AND ADMINISTRATIVE MEMBERS. CONTRIBUTORY MEMBERS ARE THOSE INDIVIDUALS WHO CONTRIBUTE $20 OR MORE IN A GIVEN YEAR; EACH CONTRIBUTORY MEMBER MAY ATTEND THE ANNUAL MEETING OF THE ORGANIZATION, AND VOTE FOR THE GOVERNING BODY. MEMBERS OF THE GOVERNING BODY ARE CONSIDERED ADMINISTRATIVE MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY APPROPRIATE OFFICERS AND THE INTERNAL ACCOUNTANT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, A PAPER COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE PHYSICIANS' HOME CONFLICT OF INTEREST POLICY HAS BEEN UPDATED TO COVER ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, ACCOUNTANT(S), AUDITOR(S), AND INVESTMENT MANAGER(S). THESE PERSONS RECEIVE A STATEMENT OF CONFLICT OF INTEREST POLICY (WHICH ALSO COVERS CONFIDENTIALITY AND WHISTLEBLOWER ACTIVITIES). THE CONFLICT OF INTEREST STATEMENT REQUIRES THAT PERSONS COVERED UNDER THE STATEMENT WILL DISCLOSE TO THE EXECUTIVE COMMITTEE ANY SUCH SITUATION. IF AND WHEN A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED AND VALIDATED BY THE EXECUTIVE COMMITTEE, THE PERSON IS EXPECTED TO RECUSE HIMSELF/HERSELF FROM THE RELATED ACTIVITIES. | |
| FORM 990, PART VI, SECTION B, LINE 15A | ONE MANAGEMENT OFFICIAL RECEIVES COMPENSATION, THE PRESIDENT. THIS COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS IN 2007. NO REVIEW OF COMPARABLE DATA WAS CONSIDERED NECESSARY SINCE THE LEVEL OF COMPENSATION WAS DEEMED NOMINAL. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC, UPON REQUEST. | |
| FORM 990, PART VII, COLUMN (B) BOARD MEMBER HOURS: | BOARD MEMBER PARTICIPATION IS DOCUMENTED IN OUR MINUTES AND CAN BE SEEN BY A REVIEW OF OUR MINUTES FOR THE ANNUAL MEETING AND EXECUTIVE COMMITTEE MEETINGS, GOOD REPRESENTATION IS PRESENT TO PROVIDE DISCUSSION AND ADVICE IN REGARD TO THE ACTIVITIES OF THE ORGANIZATION . OF THE TWENTY-ONE DIRECTORS AND TRUSTEES THERE WERE FOUR WHO WERE UNABLE TO PARTICIPATE TO ANY EXTENT DURING THE YEAR. EXCEPT FOR ONE, THESE INDIVIDUALS ARE AT AN OLDER AGE, AND HAVE SERVED THE ORGANIZATION WELL OVER THE YEARS; THEY REMAIN ON THE BOARD IN PART AS A COURTESY TOWARD THEIR PREVIOUS SERVICE. DIRECTORS WILL BE PERIODICALLY INFORMED THAT PARTICIPATION BY ALL TO SOME DEGREE IS NECESSARY. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 532,093. PRIOR PERIOD ADJUSTMENTS: 339,085. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 64,485. PRIOR PERIOD ADJUSTMENT TO UNREALIZED APPRECIATION ON INVESTMENTS 500. PRIOR PERIOD ADJUSTMENT TO CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 445. TOTAL TO FORM 990, PART XI, LINE 5: 936,608. |
| FORM 990, PART XII, LINE 2C: | THE PRESIDENT, IN CONSULTATION WITH TRUSTEES AND OFFICERS, IS RESPONSIBLE FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. | |
| FORM 990, PART VII: EXPLANATION OF PAYMENT TO MARY DODD: | BOARD MEMBER MARY DODD RECEIVES NO COMPENSATION IN HER CAPACITY AS BOARD MEMBER AND OFFICER. SHE DOES RECEIVE COMPENSATION AS AN INDEPENDENT CONTRACTOR IN HER CAPACITY AS A SOCIAL SERVICE CONSULTANT TO PHYSICIANS' HOME, INC. |
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