2013-11-12T10:34:31-08:00 2012-12-31 990 2012-01-01 134077996 Saint Vincent Catholic Medical Centers SAIN 2123565095 450 West 33rd street Mezzanine New York NY 10001 Steven R Korf 2013-11-12 2012 2016-02-24 21:20:13Z 116762277 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. The Debtor's Plan was approved in June 2012. Remaining operations of SVCMC include continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited. 3 3 233 0 235254 0 117765061 109237865 721799 5794523 216569352 1729889 335291466 116762277 0 0 21582968 10577783 0 0 104775847 89309996 126358815 99887779 208932651 16874498 90258064 67631761 654886655 63087730 -564628591 4544031 On April 14, 2010, the System filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. The Debtor's Plan was approved in June 2012. Remaining operations of SVCMC include continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited. false false 76212058 116762277 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.Remaining operations of SVCMC include continuation of the USHFP insurance program and ownership in Queensbrook Insurance Limited. 76212058 true false false true false false false false false true 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 142 282 false 233 true false false true CJ 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 2123565095 450 West 33rd Street Mezzanine New York NY 10001 X X Vaughn Williams 0.00 0.00 X 0 0 0 Fred Salerno 0.00 0.00 X 0 0 0 Jane Iannucelli SC 0.00 0.00 X 0 0 0 Mark Toney 35.00 0.00 X 0 0 0 Steven R Korf 35.00 0.00 X 0 0 0 0 false false false Long Hill Systems 8 Edgar Place Morristown NJ 07960 IT Consultants 1051906 Kramer Levin Naftalis & Frankel LLP 1177 Avenue of the Americas New York NY 10036 Legal 4685289 Grant Thornton LLP 666 Third Avenue New York NY 10017 Restructuring Firm 6598655 Epiq Bankrutcy Solutions LLC Dept 0255 PO box 120255 Dallas TX 75312 Restructure 1500170 AKINGUMP Naftalis & Frankel LLP 1700 Pacific Avenue Dallas TX 75201 Legal Firm 1424316 5 0 Capitation & Patient 621110 109237865 109237865 109237865 5794523 5794523 0 0 1330839 1330839 1330839 1330839 0 0 0 0 Other Revenue 621110 399050 399050 399050 116762277 116762277 0 0 0 0 0 0 8719113 5341293 3377820 149878 127087 22791 1137479 792219 345260 571313 349984 221329 5321753 5321753 8260547 8260547 0 0 0 0 3005594 551129 2454465 93610 93610 1056100 1966 1054134 51236 51236 0 684959 4045 680914 47139 43376 3763 0 12283 12283 426177 426177 0 79194 79194 809147 809147 Supplies 415493 388184 27309 Purchase Services 486736 486736 Data Center 1812026 1812026 Capitation Fees 70679658 70679658 -3931656 -3931656 99887779 76212058 23675721 0 10248980 14003147 0 0 0 0 0 6000000 0 0 4352640 230401 542105 4304700 542105 62311743 40870121 0 0 0 3040001 11985987 90258064 67631761 49704725 22217609 605181930 40870121 654886655 63087730 X -587659876 4544031 9883699 13147586 -564628591 4544031 90258064 67631761 X 16874498 552298124 X false false false X 54332300 63190203 35646588 235254 153404345 727145469 738443689 352180888 117765061 109237865 2044772972 0 0 0 781477769 801633892 387827476 118000315 109237865 2198177317 0 0 2198177317 10953111 7775401 7125182 25853694 0 10953111 7775401 7125182 25853694 0 23030173 52641797 16863742 4387235 399050 97321997 804507942 854275689 415644329 130162951 116762097 2321353008 0.94690 0.94800 0.01110 0.01210 X false false false false false false false false true 60000 false false 60000 false false Part II-B, Line 1i Part II-B, Line 1i - Other Activities Description Lobbying efforts were on behalf of the USHFP division. 23031285 23031285 35261682 12230397 23031285 35953254 208539 35261682 51325925 3818428 19191099 35261682 6751320 15266073 51325925 51325925 false false false 542105 542105 542105 Investment in Insurance Co. 3040000 Due from Subsidiary 8945987 11985987 Due to Liquidating Trust, Med Mal Claims 28427586 Due to Donors for unused gifts 12442535 40870121 Part V, Line 4 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. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Transfer of unused RNA to liabilites = -$23031285 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Transfer of Equity from subsidiary = $XXX-XX-XXXX Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Discharge from Chapter 11 = $XXX-XX-XXXX Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available It is available upon request. Form 990, Part VI, Line 15b 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 15a 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 12c 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 11b 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 3 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. 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. Queensbrook Insurance Limited PO Box 1363 Grand Caymen Grand Caymen CJ ky1-1108 Captive Insurance Company CJ 4857606 75691753 Saint Vincent Catholic Medical Center Saint Jeromes Health Services Corp 1740 84th Street Brooklyn NY 11217 112948924 Fees NY SVCMC false Bishop Mugavero Center for Geriatric 155 Dean Street Brooklyn NY 11217 113097213 Fees NY SVCMC false Saint Elizabeth Anns Health Care 91 Tompkins Avenue Staten Island NY 10304 133603599 Fees charged for caring for patients NY SVCMC false Queensbrook Insurance New York 450 West 33rd Street New York NY 10001 203690309 Insurance NY SVCMC C 1.00000 false Queensbrook Insurance Limited 450 West 33rd Street New York NY 10001 134077886 Insurance SVCMC C 1.00000 false true false false false false false false false false false false false false false false false false false false Queensbrook Insurance Limited a 5000000 FMV Saint Elizabeth Anns Health Care a 1142901 FMV