The Hebrew Home for the Aged at Riverdale

“Riverspring health holding corp. Is the sole member of hebrew home for the aged at riverdale.”

“The audit committee reviews the 990 with the chief financial officer and the preparer, and reports their findings to the full board of trustees. The complete 990 is also made available for the entire board of trustees to review and comment.”

“On a yearly basis, the compliance officer, working with administration, distributes conflict of interest questionnaires to board members, officers and key employees with instructions to complete the forms and return them to the compliance officer. The compliance officer reviews all submitted forms and identifies any conflicts which need to be reported, consulting with legal counsel, if necessary. The compliance officer notifies the chairman of the board and the ceo of any conflicts so that conflicted individuals appropriately recuse themselves from discussions and voting on matters on which they have a conflict of interest.”

“The ceo and officers and key employees' compensation is paid through a related management service organization; riverspring services corp. Compensation is allocated to each related entity based on an approved methodology. Determination of the compensation is based on independent comparative analysis of compensation levels for other ceo's and officers in organizations of similar size in the long-term care industry primarily in the ny metropolitan area. This is done by an independent compensation consultant and the information is then reviewed by a compensation committee and approved by the full board of the related entities paying the compensation. This process takes place each december.”

“These documents are available upon request.”

“In 2014 at age 60, mr. Reingold became 100% vested in a 457(f) retirement/pension benefit that he earned over the then 24 years of service to the organization. This benefit will be paid beginning august 29, 2015 through august 29, 2019 in annual amounts of $406,623. Due to taxation rules, 100% of the value of the benefit is required to be reported as taxable income. Both an indpenedent advisor and the riverspring compensation committee reviewed and approved this benefit, affirming its compliance with intermediate sanctions rules of federal tax law.”

“Founded in 1917 in harlem as a neighborhood shelter to care for homeless older people in conformance with the religious and dietary laws and customs of the jewish tradition and relocated to riverdale, bronx, new york in 1951, the hebrew home at riverdale is dedicated to helping older adults live full lives. For 100 years we have been committed to healthy aging and the highest quality of life through innovative programs and services designed to meet the evolving needs of older adults. The hebrew home at riverdale is part of a group of long term care affiliates under a common brand name "riverspring health". The hebrew home at riverdale, a nationally recognized leader in senior care, together with other riverspring health affiliates, provide a full range of care solutions including nursing home care, managed long term care, assisted living programs, senior housing, rehabilitation services and specialized services such as elder abuse prevention and memory care. Collectively, riverspring empowers over 18,000 patients, residents and members to live forward every day.”

“Therapist fees: program service expenses 6,088,601. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,088,601. Nursing fees: program service expenses 2,658,354. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,658,354. Consulting fees: program service expenses 57,223. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,223. Home health aide fees: program service expenses 1,116,034. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,116,034. Adult day care aide fees: program service expenses 577,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 577,300. Research fees: program service expenses 17,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,657. Physician fees: program service expenses 405,424. Management and general expenses 0. Fundraising expenses 0. Total expenses 405,424. Assisted living fees: program service expenses 351,933. Management and general expenses 0. Fundraising expenses 0. Total expenses 351,933. Security fees: program service expenses 673,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 673,765. Other fees: program service expenses 2,597,402. Management and general expenses 213,639. Fundraising expenses 0. Total expenses 2,811,041.”

“Adjustment to reflect pension funded status 1,417,348. Actuarial change in annuity obligations 1,858.”

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