Royal Charter Properties Westchester Inc.

“Jerry Speyer & Leonard Wilf have a business relationship. Jerry Speyer & Rob Speyer have a family relationship.”

“Members: Royal Charter Properties-Westchester, Inc. has Members. Article I of the corporation by-laws provide that "The Members of the Corporation shall be ex-officio those Members of New York-Presbyterian Foundation, Inc. who are at the time Trustees in office of The New York and Presbyterian Hospital." In 2019 there were 86 Members. There are no classes. The Members have the rights and duties provided under the New York not-for-Profit Corporation Law, e.g. election of the Directors and approval of the corporate By-laws and amendments thereto. Directors: In 2019 there were 12 Directors. Directors need not be Members, however, a majority of Directors shall be elected from Members of New York-Presbyterian Foundation, Inc., who are at the time Trustees in office of the New York and Presbyterian Hospital. In 2019 there were 12 Directors, all of whom were Members of the Foundation and Trustees of The New York and Presbyterian Hospital. The Directors are elected each year by the Members. There are no classes.”

“Members of the newyork-presbyterian hospital (nyph) finance department (finance) coordinated and completed all of the information required for form 990, accessing various resources including, legal, human resources, corporate compliance, development, and other departments as needed. The following is the process for review: senior finance executives review the return in conjunction with ernst & young u.s. Llp, paid preparer, prior to submission to the chair of the audit and corporate compliance committee of the nyph board (nyph audit committee) or his/her designee. Pursuant to the corporations bylaws, it is the nyph audit committee that reviews the corporations form 990. The chair of the nyph audit committee or his/her designee conducts a detailed review and meets with finance to address any questions. A copy of the 990 is sent to the other committee members for review, and a report is given on the 990 by management at the committees meeting immediately preceding the filing. A copy of the form 990 is provided to the board of directors, corporation, prior to its filing. The corporation files the 990 upon final review.”

“Royal Charter Properties-Westchester, Inc. a related organization of the new york and presbyterian hospital, adheres to a conflict of interest (COI) policy that has been adapted by the the board of royal charter properties-westchester, inc. The policy states in part: "Each Board Member, Officer or Key Person of the New York and Presbyterian Organization shall complete a conflict of interest questionnaire prior to becoming a Board Member, Officer or Key Person of the New York and Presbyterian Organization and annually thereafter." The policy also states that "each Board Member, Officer, or Key Person shall promptly advise the Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, of any changes to the information provided in that individual's last completed conflict of interest questionnaire." The Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, shall review all completed questionnaires and all subsequent advice of changes and shall take such action as is deemed appropriate to eliminate potentials for conflicts of interest, including such steps as reassignment of responsibilities or establishment of protective arrangements. All disclosures of interests in completed questionnaires or subsequent advice, unless clearly irrelevant or immaterial, shall be compiled and reported by management to the Audit and Corporate Compliance Committee of the Board of the New York and Presbyterian Hospital, together, in each case, with response or recommendation of management. The Audit and Corporate Compliance Committee shall determine whether the reported resolution of issues raised by the disclosures is satisfactory and, if not, shall require such further action as it deems appropriate.”

“Royal Charter Properties Westchester, Inc. (the "Corporation") has no employees. Certain individuals identified herein as officers and key employees of the Corporation are employed and compensated by a related organization, The New York and Presbyterian Hospital (the "Hospital"). These individuals perform services for the Corporation, and in some cases other related organizations, by arrangement between the Hospital and such organization(s). As set forth in Schedule R, the Corporation and the Hospital are related organizations. The organizations Officers and Key Employees have no influence over the compensation process performed by the related organization.”

“External requests for our governing documents, conflict of interest policy, and financial statements are reviewed for validity. These requests are then granted if deemed appropriate.”