Hebrew Home Housing Development Fund Co Inc.

“Riverspring health holding corp. Is the sole member of hebrew home housing development fund co., inc.”

“The audit committee reviews the 990 with the chief financial officer and the preparer, and reports their findings to the full board of directors.”

“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 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 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 payed over the next 5 years 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.”

“It is the mission of the hebrew home housing development company inc. To provide independent senior housing in a safe, congenial environment that promotes independence and gracious living. Riverwalk, the hebrew home housing development company inc.'s senior housing facility, is located on the campus of the hebrew home at riverdale. An extensive complement of services and conveniences is offered. Residents also have access to the hebrew home at riverdale's entire system of healthcare and extended care options. Hebrew home housing development company inc. Is part of the riverspring health system. Riverspring health is dedicated to helping older adults live full lives. For nearly 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. With a full range of care solutions including the nationally recognized hebrew home at riverdale, managed long term care, assisted living programs, senior housing, and specialized services such as elder abuse prevention, memory care, and lgbt social day care, we empower over 12,000 patients, residents, and members to live forward every day.”

“Process has not changed from prior year.”