Schaffer Extended Care Center

“THE ORGANIZATION's BYLAWS WAS AMENDED MARCH 2018 FOR A CHANGE IN THE DUTIES OF THE CHIEF EXECUTIVE OFFICER FROM A CORPORATE TO A BOARD OFFICER POSITION. FORM 990, PART VI, SECTION A, LINE 6: MONTEFIORE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF SCHAFFER EXTENDED Care CENTER.”

“The board of trustees of montefiore health system, inc., the sole member of schaffer extended care center, has the authority to appoint the board of trustees of schaffer extended care center.”

“The board of trustees of montefiore health system, inc., the sole member of schaffer extended care center, has the authority to approve the operating and capital budgets of schaffer extended care center.”

“THE FORM 990 WAS PREPARED BY MONTEFIORE'S FINANCE DEPARTMENT WITH THE assistance OF VARIOUS DEPARTMENTS. THE FORM 990 WAS REVIEWED AND APPROVED by THE VICE PRESIDENT-FINANCE, AND MONTEFIORE'S SENIOR LEADERSHIP TEAM INCLUDING THE CHIEF FINANCIAL OFFICER. IN ADDITION, AN INDEPENDENT accounting FIRM WAS ENGAGED TO REVIEW THE FORM 990. UPON COMPLETION OF THE various REVIEWS, THE FORM 990 WAS PRESENTED TO THE FINANCE COMMITTEE OF the BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. ONCE APPROVED BY THE Finance COMMITTEE OF THE BOARD OF TRUSTEES, THE FORM 990 WAS PROVIDED TO all MEMBERS OF the GOVERNING BODY before filing.”

“ORGANIZATION COMPLIANCE POLICY MONITORING AND ENFORCEMENT: The organization regularly and consistently monitors and enforces compliance with the disclosure policy by means of a survey developed by counsel and approved by the Montefiore Legal and Compliance Committees of the Board of Trustees. The survey is sent to all trustees, officers and key employees for completion. All survey responses are reviewed by the Compliance Officer. Any potential conflicts identified in the responses are discussed with senior management and/or the Legal and Compliance Committees of the Board of Trustees. Potential actions to be taken in response to a conflict is one or more of the following: 1)disclosure of conflict; 2)individual recusal from decisions for transactions where that individual may have a conflict; 3)request the individual to alleviate the conflict; OR 4)removal of the individual from the board of trustees.”

“All Officers and Key Employees are employed and paid by either Montefiore Medicine Academic Health System or Montefiore Health System, Inc., the parent organization of Montefiore Health System, Inc. and Schaffer Extended Care Center, respectively. 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 officers and certain 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 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 Montefiore, 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 conflicts of interest policy and governing documents are made available upon request.”

“The other decrease in net assets of $12,311 was due to the change in net assets related to defined benefit pension and postretirement plans to be recognized in future periods.”

“Http://www.montefiorehealthsystem.org/schaffer”

“An extended care center is not a hospital as defined by the state of new york, therefore schedule h is not applicable for the organization.”