Riverspring Licensed Home Care Services Agency Co Hebrew Home for the Aged

“The audit committee review the 990 with the chief financial officer and the preparer, and reports their findings to the full board of trustees. The board of trustees then review the 990 along any reports/findings noted by the audit committee.”

“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 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.”

“It is the mission of riverspring licensed home care services agency, inc. To provide a continuum of high quality supportive services for elders living in their own homes. Riverspring lhcsa's programs continually evolve to meet the needs of clients and are delivered in neighborhood locations, close to where people live and work. Services provided include professional nursing, physical therapy, homemaking, nutritional, and alzheimer's care. Riverspring lhcsa is part of a group of long term care affiliates under a common brand name "riverspring health". Riverspring health provides 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 12,000 patients, residents and members to live forward every day.”

“Adjustment to pension funded status 6,684.”

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