Silvercrest Senior Housing Development Fund Corporation

“The silvercrest center for nursing and rehabilitation ("scnr"), a related tax-exempt organization, performs management duties and direct supervision, including building superintendent and program coordinator services, to silvercrest senior housing development fund corporation. The fee paid to the scnr for services was $96,000 during calendar year 2018. As reported on form 990, part vii-a, the following individuals received compensation from scnr: name: reportable compensation: other compensation: michael tretola $340,073 $44,099 natasha elie-louissant $181,471 $35,108 elias m. Nemnom $311,662 $83,730”

“The fund is related to silvercrest center for nursing and rehabilitation (scnr) through common board members and common goals. The members of the fund are selected board members and executives of scnr who have the sole authority to elect and remove the board members of the fund. Scnr is a membership corporation. Whose members are selected by new york-presbyterian healthcare system, inc. ("system, inc."), which is a tax-exempt organization whose members are selected by new york-presbyterian foundation, inc.”

“The fund is related to silvercrest center for nursing and rehabilitation (scnr) through common board members and common goals. The members of the fund are selected board members and executives of scnr who have the sole authority to elect and remove the board members of the fund.”

“(a) the members shall have the sole authority to establish from time to time the number of trustees to be elected at large, to elect trustees to be elected at large and to remove trustees, including trustees serving by reason of their office, with or without cause. (b) the approval of the members shall be required for (1) the election or the removal by the board of the chief financial officer, chief medical officer and chief information officer, if any, or any other corporate officer whose powers and duties include those which usually appertain to such offices, (2) the amendment of the certificate of incorporation or by-laws of the corporation (3) the disposition of all or substantially all of the assets of the corporation, (4) the merger or consolidation of the corporation with another entity or (5) the dissolution of the corporation. Except as may be limited by applicable law governing health care institutions, the members shall have such other powers and authority as are afforded to the members under the corporation's certificate of incorporation or generally to members of not-for-profit corporations under the laws of the state of new york.”

“The silvercrest center for nursing and rehabiliation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. A draft of the form 990 will be presented and approved to the audit and corporate compliance committee of the board at a meeting held during the month of november. The 990 is then made available to all members electronically or by paper to the board for its review prior to filing.”

“The organization's governing documents, conflict of interest policy, and its financial statements are not available to the public with the exception of the 990, which is available upon request.”

“Contract services: program service expenses 21,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,254. Security: program service expenses 137,408. Management and general expenses 0. Fundraising expenses 0. Total expenses 137,408.”

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