Civic Intelligence

St Jerome'S Health Services

990 • Fiscal year 2012 • EIN 11-2948924

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 15, 2013

450 West 33rd StreetSuite10001
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

1st percentile

-98%

Faster asset growth than 1% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$103,420

Down $6,290,500 (-98%) from 2011

Net Assets

Up

$103,420

Up $7,292,922 (+101%) from 2011

Liabilities

Down

$0

Down $13,583,422 (-100%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,805,611

Down $20,261,761 (-92%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2010: $9,850,829Liabilities 2010: $13,912,434Net Assets 2010: -$4,061,6052010Assets 2011: $6,393,920Liabilities 2011: $13,583,422Net Assets 2011: -$7,189,5022011Assets 2012: $103,420Liabilities 2012: $0Net Assets 2012: $103,4202012Assets 2013: $64,493Liabilities 2013: $0Net Assets 2013: $64,4932013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2012

Assets$103,420
Liabilities$0
Net Assets$103,420

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $21,941,5712010Revenue 2011: $18,939,475Expenses 2011: $22,067,372Net Income 2011: -$3,127,8972011Expenses 2012: $1,805,6112012Revenue 2013: $0Expenses 2013: $23,236Net Income 2013: -$23,2362013Revenue 2014: $0Expenses 2014: $4,985Net Income 2014: -$4,9852014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015

Highlighted filing

2012

Revenue-
Expenses$1,805,611
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 15, 2013
Return Version
2012v2.1
Gross Receipts
$19,493,206
Mission and Program Overview

Mission

Holy family home was a 200 bed skilled nursing facility that was committed to reflecting god's love by advancing christ's healing ministry with respect, integrity, compassion, and excellence to all who came to them in need, especially, the poor. Additionally, to accomplish its mission the trustees and administration seeked to create, maintain, and extend the high medical standards of administration on fiscal management, quality medical and nursing care, supportive social services, and activities as well as maintained a modern, clean, and safe physical facility for residents and their family. On january 19, 2012, the facility sold the majority of its assets and ceased conducting its services.

Filing and Contact Details

Filer

EIN
11-2948924
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IRS990ScheduleO/GeneralExplanation/Explanation0SAINT VINCENTS CATHOLIC MEDICAL CENTERS (SVCMC) AND ITS AFFILIATED ORGANIZATIONS, INCLUDING HOLY FAMILY HOME, HAVE THE FOLLOWING PROCESS IN PLACE FOR MONITORING CONFLICTS OF INTEREST INVOLVING APPLICABLE EMPLOYEES, MANAGEMENT, MEDICAL STAFF MEMBERS, AND/OR MEMBERS OF THE BOARD OF DIRECTORS. ALL EMPLOYEES AND MEDICAL STAFF MEMBERS 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 EMPLOYEES, THE BOARD OF DIRECTORS IS INFORMED. FOR BOARD MEMBERS, A SUMMARY OF ALL COMPLETED CONFLICT OF INTEREST INFORMATION IS COMPILED AND CIRCULATED TO ALL BOARD MEMBERS FOR THEIR REVIEW. ONCE ALL POTENTIAL CONFLICT INFORMATION IS GATHERED, THE BOARD OF DIRECTORS, IN CONJUNCTION WITH THE COMPLIANCE OFFICER AND AUDIT/COMPLIANCE COMMITTEE OF SVCMC, SHALL MAKE A DETERMINATION WHETHER ACTUAL CONFLICTS EXIST. WHEN THE CONFLICT IS IDENTIFIED, CORRECTIVE ACTION SHALL BE TAKEN BASED ON THE TYPE AND EXTENT OF CONFLICT. IN ALL SITUATIONS, THE RELEVANT INDIVIDUAL SHALL BE REMOVED OR RECUSED FROM ANY DECISION MAKING RELATED TO THE POTENTIAL CONFLICT. ALL KEY EMPLOYEES AND MEMBERS ARE FURTHER INSTRUCTED TO DISCLOSE THROUGHOUT THE YEAR IF ANY NEW OR PREVIOUSLY UNIDENTIFIED CONFLICTS ARISE. AT THAT TIME, A REVISED DISCLOSURE FORM MUST BE COMPLETED AND SENT TO THE SVCMC COMPLIANCE OFFICER FOR REVIEW, AND CORRECTIVE ACTION IS TAKEN IN ACCORDANCE WITH THE PROCESS DESCRIBED PREVIOUSLY. A SUMMARY OF ALL COMPLETED CONFLICT OF INTEREST INFORMATION IS COMPILED. THIS SUMMARY IS THEN CIRCULATED TO ALL BOARD MEMBERS FOR THEIR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation1THE SVCMC BOARD'S COMPENSATION COMMITTEE HAS JURISDICTION OVER EXECUTIVE COMPENSATION. AT THEIR DIRECTION, THE ORGANIZATION HAS RETAINED AND UTILIZED THE SERVICES OF A NUMBER OF THIRD PARTY COMPENSATION CONSULTANTS TO ESTABLISH MARKET NORMS, AND TO PERIODICALLY CONDUCT INTERMEDIATE SANCTIONS REVIEWS TO ESTABLISH THE REASONABLENESS OF COMPENSATION. THIS REVIEW COVERS THE CEO, COO, CFO, SVP/CHIEF ADMINISTRATIVE OFFICER, SVP FOR BEHAVIORAL HEALTH, SVP FOR CONTINUING CARE, SVP FOR DEVELOPMENT, SVP/INFORMATION OFFICER, VP FOR SUPPLY CHAIN MANAGEMENT, AND VP OF FINANCE IN BOTH BEHAVIORAL HEALTH AND CONTINUING CARE, CHIEF COMPLIANCE OFFICER, SVP FOR HUMAN RESOURCES AND CHIEF NURSING OFFICER. EACH TIME A NEW VICE PRESIDENT, SENIOR VICE PRESIDENT, OR CHIEF EXECUTIVE OFFICER IS HIRED, OUR CONSULTANTS ADVISE US AS TO MARKET. THE COMPENSATION COMMITTEE REQUIRES US TO SEEK THEIR AUTHORIZATION IF WE WISH TO APPOINT A NEW EXECUTIVE ABOVE THE 75TH PERCENTILE. THIS SAME PROCESS OCCURS WHEN AN INCUMBENT EXECUTIVE IS TO RECEIVE A SALARY ADJUSTMENT. IT SHOULD BE EMPHASIZED THAT OUR OUTSIDE CONSULTANTS RELY ON, OR OTHERWISE DEVELOP, RELEVANT EXTERNAL DATA FOR NEW YORK CITY NOT-FOR-PROFIT HEALTH CARE ORGANIZATIONS. THIS DATA IS ADJUSTED FOR SIZE AND SCOPE OF RESPONSIBILITY.
IRS990ScheduleO/GeneralExplanation/Explanation2HOLY FAMILY HOME OBTAINS CERTAIN MANAGEMENT AND OTHER SUPPORT SERVICES FROM ITS SOLE CORPORATE MEMBER, SAINT VINCENTS CATHOLIC MEDICAL CENTER.
IRS990ScheduleO/GeneralExplanation/Explanation3SAINT VINCENTS CATHOLIC MEDICAL CENTER IS THE SOLE CORPORATE MEMBER OF HOLY FAMILY HOME.
IRS990ScheduleO/GeneralExplanation/Explanation4ON APRIL 14, 2010, SAINT VINCENTS CATHOLIC MEDICAL CENTER AND SUBSTANTIALLY ALL OF ITS SUBSIDIARIES, INCLUDING HOLY FAMILY HOME, FILED VOLUNTARY PETITIONS SEEKING BANKRUPTCY PROTECTION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE. THE FACILITY CONTINUED TO OPERATE ITS BUSINESS AS DEBTOR-IN-POSSESSION UNDER THE JURISDICTION OF THE BANKRUPTCY COURT. IN GENERAL, DEBTORS-IN-POSSESSION ARE AUTHORIZED UNDER CHAPTER 11 TO CONTINUE TO OPERATE AS AN ONGOING BUSINESS, BUT MAY NOT ENGAGE IN TRANSACTIONS OUTSIDE THE ORDINARY COURSE OF BUSINESS WITHOUT THE PRIOR APPROVAL OF THE BANKRUPTCY COURT. ON JANUARY 19, 2012, THE FACILITY SOLD THE MAJORITY OF ITS FIXED ASSETS AND ITS MEDICAID AND MEDICARE LICENSES TO A PRIVATE CONCERN WHO CONTINUTES TO PROVIDE SKILLED NURSING AND REHABILITATION SERIVCES TO PATIENTS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE RETURN WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AS WELL AS BY THE MANAGEMENT OF SAINT VINCENTS CATHOLIC MEDICAL CENTER, THE SOLE CORPORATE MEMBER OF SAINT JEROME'S HEALTH SERVICES.
IRS990ScheduleO/GeneralExplanation/Explanation6THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation7EQUITY TRANSFER TO ST. VINCENT CATHOLIC MEDICAL CENTER $8,240,223
IRS990ScheduleO/GeneralExplanation/Identifier0CONFLICT OF INTEREST POLICY
IRS990ScheduleO/GeneralExplanation/Identifier1COMPENSATION PROCESS
IRS990ScheduleO/GeneralExplanation/Identifier2PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/Identifier3PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier4FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/Identifier5PROCESS TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS
IRS990ScheduleO/GeneralExplanation/Identifier7OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, LINE 11B

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