Providence Rest

“The organization has a management agreement for certain administrative and consulting services with catholic health care system d/b/a archcare. Catholic health care system shall provide human resources, it services, finance services, legal services, compliance, and supply chain management to the organization. Annmarie covone and scott la rue (officers of the filing organization) were paid by catholic health care system. Their 2021 compensation is reported in part vii, section a and schedule j, part ii. Catholic health care system was paid $500,000 for services provided in 2021.”

“Effective january 1, 2021, the former sole member of providence rest, the sisters of st. John the baptist entered into a member substitution agreement with the catholic health care system d/b/a archcare. Catholic health care system assumed the membership role of providence rest with all of the rights held by the prior member.”

“The sole "member" is catholic health care system d/b/a archcare.”

“The sole member has the right to appoint and remove members of the board of trustees, appoint the chairman of the board, amend the by-laws and certificate of incorporation and approve substantial transactions.”

“The sole member has the right to amend the by-laws and certificate of incorporation and approve substantial transactions.”

“Providence rest 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. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“Compliance officer obtains disclosure from each board member prior to a director's first attendance at a board meeting and from all board members at least every two years. Board members are in-serviced annually on the policies and procedures of the corporate compliance program. Employees are in-serviced on the policy and corporate compliance program during orientation and annually during the month of july. They are required to disclose potential conflicts of interest to the administrator and to avoid participating in any decisions or deliberations related to an institutional or business transaction in which a potential or actual conflict of interest exists. An employee who fails to disclose a conflict may be disciplined and/or discharged. In addition, under the corporate compliance program anyone can report a suspected violation of the conflict of interest policy. The compliance officer and/or compliance committee will investigate the allegation to determine its validity. The compliance officer conducts a comprehensive investigation including interviews with appropriate staff, vendors, review of documents, consultation with legal counsel if necessary. The compliance officer keeps the administrator and chairman of the board apprised of the progress of the investigation. At the conclusion of the investigation a report is prepared for the administrator. If the investigation revealed a violation had occurred the officer will recommend corrective action. Appropriate action may include disciplinary action, dismissal (board member), communications to employees, staff, contractors and board members. Audits are conducted during the year to ensure employees, consultants and contractors are adhering to the policy. This includes a review of each new contractor and/or vendor prior to business being conducted.”

“The corporation undertakes a rigorous process to ensure that its executive compensation is reasonable and competitive. Toward that end, the board of trustees has a compensation committee of independent persons that have no personal interest in any proposed compensation arrangement. The board engaged an independent compensation consultant who conducted independent research and utilized a wide range of industry data to develop comparability or benchmarking data for appropriate levels of compensation for top management, officers, and key employees. In addition, the consultant created a compensation structure for all other positions (non-union). This structure is reviewed every three years. The consultant reviews executive compensation annually and reviews these results with the compensation committee. The consultant projected the data for the following three years for each salary level. The compensation committee, taking the consultant's recommendations under advisement, held a meeting at which contemporaneous minutes were kept and at that meeting determined to make recommendations to the board of trustees. The board of trustees then considered and approved the recommendations of the compensation committee, which approval was recorded in the minutes of the meeting of the board of trustees. In 2021, the consultant updated its review of the compensation structure of top management, officers, and key employees following the method described above. In addition, the organization updated its review of the compensation structure for all other positions (non-union).”

“The organization makes its form 990 available to the general public upon request. The organization's form 990 is also available on guidestar and other similar websites.”

“Providence rest makes its governing documents, conflict of interest policy and finacial statements available to the general public upon request. The organization also files an annual cost report with the new york state department of health which contains financial statements and related note disclosures, which is available to the public upon request.”

“Billing: program service expenses 0. Management and general expenses 144,000. Fundraising expenses 0. Total expenses 144,000. Consulting: program service expenses 42,030. Management and general expenses 726,393. Fundraising expenses 0. Total expenses 768,423. Dasny fees: program service expenses 0. Management and general expenses 11,119. Fundraising expenses 0. Total expenses 11,119. Employment agency: program service expenses 0. Management and general expenses 34,811. Fundraising expenses 0. Total expenses 34,811. Engineering: program service expenses 245,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 245,238. Food services: program service expenses 1,353,543. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,353,543. Laundry services: program service expenses 207,099. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,099. Physical therapists: program service expenses 2,850. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,850. Physician fees: program service expenses 84,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,375. Laboratory/radiology: program service expenses 165,245. Management and general expenses 0. Fundraising expenses 0. Total expenses 165,245. Rn, lpn, can: program service expenses 1,223,630. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,223,630. Security: program service expenses 169,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 169,138. Therapists & non phys.: program service expenses 1,100,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,100,657. Pastoral care: program service expenses 205,352. Management and general expenses 0. Fundraising expenses 0. Total expenses 205,352.”

“Effect of pension liability adjustment 207,955. Equity transfer from catholic health care system 51,289.”

“The finance committee of the board of directors assumes the responsibility for oversight of the audit and selection of the independent accounting firm. This process has not changed from the prior year.”