Montefiore Hospital Housing Section II Inc

“The officers presented in part vii and schedule j are employed and compensated by montefiore einstein, inc. And not the filing organization. Montefiore 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 the health system's key executives. 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 guidelines 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 directors with a description of the committee's review and approval process and its decisions.”

“The corporation is organized under the membership corporations law and pursuant to the limited-profit housing companies law of the state of new york with the approval of the housing and development administration of the city of new york. All corporate functions of this organization are subject to the provisions and limitations of such law and the rules and regulations promulgated by the housing and development administration of the city of new york.”

“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 montefiore hospital housing section ii, inc. For approval prior to filing.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by means of a survey that was developed by montefiore medical center's counsel. The montefiore hospital housing section ii, inc. Board of trustees adopted the policy of montefiore medical center, the parent organization. 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 montefiore hospital housing section ii, inc.'s board of trustees regarding potential conflicts of interest.”

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

“The financial information reported in the form 990 is for the fiscal year beginning july 1, 2024 and ended june 30, 2025. The first six months (july through december 2024) of the amounts reported in this return were included in the consolidated audited financial statements of montefiore medical center for the year ended december 31, 2024. The second six months (january through june 2025) will be included in the consolidated audited financial statements of montefiore medical center for the year ended december 31, 2025.”

“All employees of the organization are paid by montefiore medical center, ein 13-1740114, a related organization and the common paymaster. Montefiore medical center 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: 775925, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; SECURITY SERVICES - Total Expense: 430424, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; HOUSEKEEPING AND CLEANING SERVICES - Total Expense: 248971, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; CONSULTING - Total Expense: 2100, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”