Albert Einstein College of Medicine Staff Housing Company Inc

“The staff housing company's form 990 was prepared by yeshiva university's director of tax with input from the finance department and reviewed and signed by an independent outside accounting firm. The university's chief financial officer and general counsel, both officers and directors of the organization and officers of the university, were also involved in the review process. The form 990 was distributed to the members of the organization's governing body prior to filing, and is made available to the public in accordance with internal revenue service rules and regulations.”

“All officers and directors of the organization are officers, directors or employees of yeshiva university, a non-profit related organization, which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. The organization has adopted the university's policies and procedures. The university's written conflict of interest policy (which was adopted by its governing board, the board of trustees) is also applicable to the officers, directors and employees of the organization. Accordingly, in accordance with the university's policy, on an annual basis, a disclosure statement is distributed to all officers, and directors of the organization. The university's office of general counsel monitors and enforces compliance with the policy, by reviewing the completed disclosure statements, and, if warranted, reports conflicts to the chief financial officer and/or the university's conflict of interest committee for appropriate review and/or action. A more detailed disclosure of the conflict of interest policy may be found in yeshiva university's form 990.”

“All officers and directors of the organization are officers, directors or employees of yeshiva university, a non-profit related organization, which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. The governing board of yeshiva university is its board of trustees, which contemporaneously documents the meetings held or written actions undertaken without a meeting, and which is authorized to act on behalf of the governing body of staff housing. The organization has adopted the applicable polcies and procedures of yeshiva university.”

“All officers and directors of the organization are officers, directors or employees of yeshiva university, a non-profit related organization which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. The staff housing company has adopted the applicable policies and procedures of the university.”

“All officers and directors of the organization are officers, directors or employees of yeshiva university, a non-profit related organization, which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. The staff housing company has adopted the applicable policies and procedures of the university.”

“All officers and directors of the organization are officers, directors, or employees of yeshiva university, a non-profit related organization, which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. The process for determining the compensation of the officers, directors and key employees of the organization is the process that is followed and implemented by the university, which is more fully described in yeshiva university's form 990.”

“All officers and directors of the organization are officers, directors, and/or employees, of yeshiva university, a non-profit related organization, which is exempt under irc section 501(c)(3) and is the staff housing company's parent sponsoring organization. The staff housing company's financial statements are incorporated into the consolidated financial statements of yeshiva university. Copies of the university's financial statements are made available to the public through the public filing system of the dormitory authority of the state of new york. Copies of its charter are available from the new york state department of education. In addition, requests for copies of the governing documents and conflict of interest policy would be referred to either the general counsel or chief financial officer, for determination on a case-by-case basis.”

“The yeshiva university audit committee reviews yeshiva university's annual consolidated financial statements into which the staff housing company is consolidated.”

“Any unrelated trade or business income generated by the staff housing company will be reported on a consolidated basis on yeshiva university's form 990-t in accordance with irc section 511(c). Accordingly, the staff housing company is treated as organized and operated for the same exempt purposes as yeshiva university.”

“Detail of other fees for services: maintenance contracts $1,205,109 trash removal 36,960 security contract 888,989 professional fees 19,597 ----------- total 2,150,655”