Albert Einstein College of Medicine Student Housing Co Inc

“The officers reported in part vii and schedule j are employed and compensated by montefiore medicine academic health system, inc. Or albert einstein college of medicine and not the filing organization. Montefiore health system is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The board of trustees has charged the compensation committee of the board (which is comprised of independent board members with no conflicts of interest in regards to executive compensation) with making all decisions related to compensation for its officers and key employees. All decisions made by the compensation committee are appropriately and timely documented in meeting minutes. The compensation committee's review process follows the intermediate sanctions guildlines for qualifying for the rebuttable presumption of reasonableness. The committee retains an independent compensation consultant to assist it with this process. Compensation levels are established considering data for comparable organizations, an assessment of management performance (including the services provided to the community), and other business judgment factors, consistent with montefiore's executive compensation philosophy. The committee's decisions are made in the best interest of the health system and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit healthcare organizations of comparable scope, mission and complexity. On an annual basis, the committee provides the full board of trustees with a description of the committee's review and approval process and its decisions.”

“The sole member of albert einstein college of medicine student housing is the new york education corporation, albert einstein college of medicine.”

“The sole member, albert einstein college of medicine has the authority to elect and to remove the directors of albert einstein college of medicine student housing co., inc.”

“The sole member of the organization, albert einstein college of medicine has the power to elect and remove the directors of the organization and the power to authorize: (i) the amendment and restatement of the company's certificate of incorporation; (ii) the amendment, repeal and restatement of the company's bylaws; (iii) merger or consolidation of the company with any other entity; (iv) the sale, lease, exchange, mortgage, pledge or other disposition of all or substantially all the property and assets of the company; (v) the addition of any new member of the company; and (vi) the voluntary dissolution of the company.”

“The form 990 was prepared by the finance department of montefiore medical center and was reviewed and approved by the vice president finance. An independent public accounting firm was engaged to review the form 990. Upon completion of the various reviews, the final form 990 was presented to the board of trustees of albert einstein college of medicine student housing co., inc. For approval prior to filing.”

“Albert einstein college of medicine student housing co., inc.'s board of trustees adopted the conflict of interest policy of the college, its sole member. The policy stipulates that the general approach when a potential conflict arises is to disclose the possible conflict to the compliance officer. The compliance officer will make every effort to provide guidance to permit resolution of any actual or potential conflicts of interest. The compliance officer will take appropriate actions, including advising the organization's board of trustees regarding potential conflicts of interest and any mitigating actions to be taken.”

“The conflict of interest policy, governing documents and financial statements are made available to the public upon request.”

“All employees of the organization are paid by albert einstein college of medicine, ein 83-0621846, the common paymaster. The college issues all w-2s and files all required federal employment tax returns. Salaries are directly allocated to and reimbursed by the organization for its designated employees.”

“PARKING SERVICES - Total Expense: 350835, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; SECURITY SERVICES - Total Expense: 1302534, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; CONSULTING SERVICES - Total Expense: 2794, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Equipment Contracts - Total Expense: 1425930, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”