The Silvercrest Center for Nursing and Rehabilitation

“The new york hospital medical center of queens / new york-presbyterian queens("nypq"), a related tax-exempt organization, performs management duties and direct supervision, to the silvercrest center for nursing and rehabilitation. The fee paid to the nypq for services was $204,014 during the year ended december 31, 2016. Please refer to part vii and schedule j for individuals compensated by nypq.”

“Silvercrest center for nursing and rehabilitation (silvercrest) 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.”

“Silvercrest is a membership corporation, whose members are selected by new york-presbyterian health care system, inc., whose members are selected by new york-presbyterian foundation, inc. The members elect the organization's board of trustees.”

“(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 pertain 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 silvercrest, (4) the merger or consolidation of silvercrest with another entity or (5) the dissolution of silvercrest. 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 silvercrest's certificate of incorporation or generally to members of not-for-profit corporations under the laws of the state of new york.”

“The silvercrest center for nursing and rehabiliation 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. A draft of the form 990 will be presented and approved to the audit and corporate compliance committee of the board at a meeting held during the month of november. The 990 is then made available to all members electronically or by paper to the board for its review prior to filing.”

“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 silvercrest as would otherwise be obtainable by silvercrest. 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 silvercrest 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.”

“The compensation committee of the board of directors determines and reviews compensation packages for executive staff and key employees including fringe benefits upon hire and annually. The following positions are considered executive and key staff: -ceo, cfo, medical director, avp rehabilitation, coo, vp nursing, avp controller, director of performance improvement the last review was conducted in 2016. A review of similar agencies in comparable geographic settings is used to establish salary ranges. This meeting of the compensation committee is documented in the board minutes.”

“The organization's governing documents, conflict of interest policy, and its financial statements are not available to the public with the exception of the 990, which is available upon request.”

“Security: program service expenses 192,446. Management and general expenses 0. Fundraising expenses 0. Total expenses 192,446. Consultants: program service expenses 262,530. Management and general expenses 250,222. Fundraising expenses 0. Total expenses 512,752. Therapists: program service expenses 1,499,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,499,010. Rns and lpns: program service expenses 73,051. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,051. Clerical and admin services: program service expenses 14,221. Management and general expenses 384,988. Fundraising expenses 0. Total expenses 399,209. Purchased and contract services: program service expenses 771,907. Management and general expenses 235,958. Fundraising expenses 0. Total expenses 1,007,865. Lab, x-ray, and specialty services: program service expenses 234,702. Management and general expenses 0. Fundraising expenses 0. Total expenses 234,702. Physcians' fees: program service expenses 270,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 270,095. Food services: program service expenses 3,659,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,659,957. Billing services: program service expenses 315. Management and general expenses 261,718. Fundraising expenses 0. Total expenses 262,033.”

“Change in fair value of interest rate swap 330,552.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”