Brookdale Residence Housing Development Fund Corporation

“Alex rovt, chairman and trustee, irina benfield, secretary, and stephen plotnick, trustee, all have a business relationship with each other.”

“In december 2012, the hospital retained toneykorf partners, llc. To provide individuals who would serve as the chief executive officer and chief operating officer of the organization, in the person of mark toney and steven korf, respectively. In 2016, toneykorf partners' services included providing individuals who would serve as the chief executive officer, chief financial officer, and svp of restructuring for the organization, as well as, other senior positions in finance and operations. All compensation paid in connection with the above services were paid directly to toneykorf partners, llc, respectively, by the hospital, a related entity of the organization.”

“Brookdale health system inc, a new york not-for-profit organization, is the sole member of the organization.”

“Brookdale health system inc, as a sole member of the organization, has the authority to appoint and remove the trustees of the organization, and other authorities as delineated in the by laws of the organization.”

“The form 990 and appropriate schedules, as required, is prepared by outside accountants and reviewed internally by management and counsel, at which time it is considered the final draft. The final draft of the form 990 is made available to the board prior to it being filed with the irs.”

“Disclosure in accordance with the conflict of interest policy by employees and board members that satisfy the criteria to be considered "interested persons" is submitted upon hiring and annually thereafter. The audit and compliance comittee reviews the submissions for conflicts and the department of internal audit manages compliance.”

“The hospital's bylaws prohibit trustees from receiving any compensation for services performed in their capacity as a trustee, also pursuant to the hospital's bylaws a trustee serving in another capacity may receive reasonable compensation, therefore, as authorized by the board of trustees. It is the hospital's practice to target total executive compensation (base salary, incentive compensation and benefits) as the median of the relevant marketplace for similarly situated executives, with appropriate adjustments for special skill, experience, competence, and performance. The board of trustees has an executive compensation committee that reviewed the compensation of certain officers in 2016.”

“These documents are available upon request.”

“The process has not changed from the prior year.”