Valley Health System Inc.

“Valley health system's form 990 was provided to the organization's governing body's finance committee. When the 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it's submitted to members of the organization's governing body's finance committe for any comments. The finance committee reviews the 990 and provides any comments. The comments are reviewed and addressed until the return is finalized and approved for filing.”

“The board mandates that all members of management and the governing body sign a conflict of interest policy and disclose any potential or actual conflicts that may exist annually. If a conflict of interest exists the organization will notify members of management or the governing body and investigate the conflict. If it is determined that an actual conflict of interest exists, the member of management or the governing body will be notified immediately and will not be allowed to vote or be part of any decisions about such transactions.”

“Valley health system, inc. Makes its form 990, financial statements, form 1023, governing documents, and conflict of interest policy available upon written request at 223 north van dien ave, ridgewood, nj 07450 or by calling the organization directly at 201-291-6200.”

“The taxpayer is filing an 2017 amended return to correctly report responses to the following questions on the 990. The responses on the originally filed 990 were incorrect due to a software processing error that was discovered subsequent to the filing of the 990. Part i, line 5 - number of w-2 part iv, lines 12b and 35b - changed to yes from no part v, line 2b - changed to yes from no part xii, line 2a - number of w-2's in addition, part ix of the originally filed 990 is being amended to allocate the amounts from line 24a to lines 5, 7, 8 through 10.”

“Outside service fees: program service expenses 0. Management and general expenses 399,238. Fundraising expenses 0. Total expenses 399,238. Maintenance contracts: program service expenses 0. Management and general expenses 6,927,464. Fundraising expenses 0. Total expenses 6,927,464. Temporary help: program service expenses 0. Management and general expenses 564,244. Fundraising expenses 0. Total expenses 564,244. Consulting: program service expenses 0. Management and general expenses 2,213,346. Fundraising expenses 0. Total expenses 2,213,346.”

“Equity in net income (loss) of unconsolidated subsidiary -2,459. Transfer to hospital -350,000.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statrements and selection of an independent accountant. This process did not change from the prior year.”