2013-05-14T10:54:17-07:00 2012-06-30 990 2011-07-01 311501393 MONTEFIORE HOUSING CORPORATION MONT 4405434221 One David N Myers Parkway Beachwood OH 441221162 Mark Weiss 2169102640 2013-05-14 2011 2016-02-24 21:20:13Z Mark Weiss One David N Myers Parkway Beachwood OH 44122 7732440 0 X www.montefiorecare.org X 1996 OH The Weils provides the finest in residential, nursing, and dementia care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents above all. The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 23 23 228 44 0 0 132762 61556 7129569 7669548 4243 1336 0 0 7266574 7732440 0 0 0 0 3657074 3955726 0 0 0 3224735 3148560 6881809 7104286 384765 628154 18504738 18382296 17345042 16775208 1159696 1607088 The Weils provides the finest in residential, nursing, and residential care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents. Above all, The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 0 0 3282386 0 4422577 The Weils of Bainbridge is an assisted living facility which caters to the needs of the elderly including nursing care, activities, programs, and other daily tasks (67 suites). The memory care wing at The Weils offers a safe, nurturing and home-like environment with activities and nursing care for those with early-to-mid stage dementia and Alzheimer's (8 suites). 2582250 0 3246971 The Rehab Pavilion at The Weils is a rehab facility for post hospital patients who need additional nursing care and therapy to regain their strenth before returning home. 0 0 0 5864636 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 228 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X Mark Weiss 2169102640 One David N Myers Pkwy Beachwood OH 441221101 Harley Gross 0 X 0 0 0 Andrew Hoffmann 0 X 0 0 0 Darrell Young 0 X 0 0 0 Irv Berliner 0 X 0 0 0 Jacqueline Goler 0 X 0 0 0 David Orlean 0 X 0 0 0 Carol Paull 0 X 0 0 0 Ellen Ticktin 0 X 0 0 0 Illene McMullen 0 X 0 0 0 Alan Blumenthal 0 X X 0 0 0 Robert Lustig 0 X X 0 0 0 Harvey Siegel 0 X X 0 0 0 Scott Polster 0 X X 0 0 0 David Hexter 0 X X 0 0 0 Bradley Sherman 0 X X 0 0 0 Lawrence Mack 0 X X 0 0 0 Ben Sheridan 0 X X 0 0 0 Daniel Rocker 0 X X 0 0 0 Melissa Davis 0 X 0 0 0 Howard Mandel 0 X 0 0 0 Tawny Ratner 0 X 0 0 0 Terry Young 0 X 0 0 0 Steven Willensky 0 X 0 0 0 Lauren Rock 10 X 0 0 0 Mark Weiss 10 X 0 0 0 Ella Barney 40 X 100661 0 3270 100661 0 3270 1 0 0 1 Morrison Management Specialists PO Box 102289 Atlanta GA 303682289 Dietary Management 618283 1 0 0 0 61556 0 0 0 61556 Private Pay Revenue 623000 5390572 5390572 0 0 Medicare Revenue 623000 1662217 1662217 0 0 Managed Care Revenue 623000 616759 616759 0 0 0 0 0 0 7669548 1336 0 0 1336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7732440 7669548 0 1336 0 0 0 0 0 0 0 0 102572 0 102572 0 0 0 0 0 3342314 3138395 203919 0 38977 38977 0 0 196065 185005 11060 0 275798 275798 0 0 0 0 0 0 19045 0 19045 0 13660 0 13660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 97756 0 97756 0 431902 348305 83597 0 28738 0 28738 0 0 0 0 0 204944 204944 0 0 24138 1679 22459 0 0 0 0 0 0 0 0 0 246814 229537 17277 0 393660 0 393660 0 750352 697827 52525 0 92329 85866 6463 0 Dietary Food, Supplies, and Equipment 468942 468942 0 0 All Other Expenses 153143 82566 70577 0 Protective Services 106795 106795 0 0 Government Mandated Fees 116342 0 116342 0 7104286 5864636 1239650 0 1096838 1613904 361405 362248 0 0 526130 422351 0 0 0 0 0 0 22505 24672 143214 119608 20248024 4646284 16104020 15601740 0 0 0 0 0 0 0 0 250626 237773 18504738 18382296 486311 685159 0 0 16464 15574 15180000 14720000 0 0 0 0 0 0 0 0 1662267 1354475 17345042 16775208 X 1159696 1607088 0 0 0 0 1159696 1607088 18504738 18382296 X 628154 -180762 X 0 1 1 X 0 X 27262 217128 299601 132762 61556 738309 3988946 3917189 4964810 7129569 7669548 27670062 4016208 4134317 5264411 7262331 7731104 28408371 629234 725984 263426 109904 131033 1859581 629234 725984 263426 109904 131033 1859581 26548790 32449 20526 4602 2393 1336 61306 32449 20526 4602 2393 1336 61306 0 0 0 0 4048657 4154843 5269013 7264724 7732440 28469677 0.93253 0.91074 0.00215 0.00431 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3066200 3066200 0 15604575 3676256 11928319 0 266692 206610 60082 0 1310557 763418 547139 0 0 0 0 15601740 0 Deposits 297525 Payroll Witholdings 8910 Due to Nursing Facility 26799 Due to Foundation 1021241 1354475 7732440 7104286 628154 0 0 0 0 -180762 -180762 447392 7732440 0 0 0 0 0 7732440 0 0 0 7732440 7104286 0 0 0 0 0 7104286 0 0 0 7104286 SchD_P10_S00_L01 Schedule D, Part X, Line 1 Deposits represent resident security deposits. The due to/from accounts represent liability accounts with the Montefiore Home, a related company. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Internal Revenue Service has ruled that the Housing Corporation qualifies under Section 501(c)(3) of the Internal Revenue Code and is, therefore, not subject to tax under present Federal income tax laws. The Housing Corporation follows generally accepted accounting principles (GAAP) for uncertainty in income taxes. The Housing Corporation's income tax filings are subject to audit by various taxing authorities. The Housing Corporations' open audit periods are for the years ended June 30, 2009 through current. In evaluating the Housing Corporation's activities, the Housing Corporation believes its position of tax-exempt status is current based on current facts and circumstances. The Housing Corporation has further assessed that there are no activities unrelated to the purpose of the Housing Corporation and therefore no unrelated business income tax is to be recognized. It is the policy of the Housing Corporation to include in operating expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the years ended June 30, 2012 and 2011. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of interest rate swap of -$146,221 and increase in unfunded pension liability of $34,541. X X 0 0 0 0 0 0 0 0 0 Lauren Rock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mark Weiss 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 In 2007 an ad hoc committee was established to approve the hiring and compensation of the new president and CEO of the organization. The committee approved the hiring of Lauren Rock, current president and CEO of Montefiore. On an annual basis, the Chairman of the Board is responsible for the CEO's annual evaluation. At that time, recommendations can be made to the board concerning compensation and bonuses. The CEO is responsible for the annual evaluations of other key employees. The CEO also recommends compensation levels for such employees. SchJ_P02_S00_L00 Schedule J, Part II Lauren Rock and Mark Weiss received compensation of $323,659 and $218,615 respectively from an unrelated organization for services provided to the Housing Corporation. Colorado Educational & Cultural Facilities Authority 840896727 2010-12-16 15400000 Refinancing existing debt 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is prepared by accounting staff and is then reviewed by the CFO. Once review notes are cleared, the 990 is then reviewed by an independent auditor. The 990 is then presented to the appropriate board. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c If a conflict of interest arises, the matter would be discussed with the appropriate board member or committee. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 In 2007 an ad hoc committee was established to approve the hiring and compensation of the new president and CEO of the organization. This committee approved the hiring of Lauren Rock, current president and CEO of Montefiore. On an annual basis, the Chairman of the Board is responsible for the CEO's annual evaluation. At that time, recommendations can be made to the board concerning compensation and bonuses. The CEO is responsible for the annual evaluations of other key employees. The CEO also recommends compensation levels for such employees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Documents are available to the public upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in value of interest rate swap of $(146,221) and increase in unfunded pension liability of $34,541 Filing on May 15th due to extension filed.