2024-03-11T11:13:33-07:00 2023-06-30 990 2022-07-01 311501393 MONTEFIORE HOUSING CORPORATION MONT 4405434221 One David N Myers Parkway Beachwood OH 441221162 Jodi Naderhoff CFO 2168396672 2024-03-11 Jodi Naderhoff 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z The Weils of Bainbridge Diane Liliestedt 27100 Cedar Road Beachwood OH 441221162 10019700 0 X www.theweils.org X 1996 OH The Weils provides the finest in residential, nursing, and dementia care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents above all. The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 27 27 186 35 0 0 190345 781346 8811242 9238018 18 336 0 0 9001605 10019700 0 0 0 0 6350506 5804621 0 0 0 5402125 6096759 11752631 11901380 -2751026 -1881680 18976566 18477166 13333857 14696234 5642709 3780932 The Weils provides the finest in residential, nursing, and residential care, with services and amenities at the highest standards of excellence. The Weils is dedicated to enhancing the distinctive lifestyle of its residents. Above all, The Weils' staff of healthcare professionals is committed to helping residents promote and maintain their physical, emotional, mental, and spiritual health and independence. 0 0 4368695 0 4625707 The Weils of Bainbridge is an assisted living facility which caters to the needs of the elderly including nursing care, activities, programs, and other daily tasks (75 suites). 3681232 3400699 The Rehab Pavilion at The Weils is a rehab facility for post hospital patients who need additional nursing care and therapy to regain their strength before returning home. 1096614 1211612 The Memory Care Unit, aka Robinson Residence, at the Weils offers a safe, nurturing and home-like environment with activities and nursing care for those with early-to-mid stage dementia and Alzheimer's (18 suites). 0 0 0 9146541 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 37 0 1 186 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Judith Naderhoff 2168316500 27100 Cedar Road Beachwood OH 44122 James Newbrough President & CEO thru 2/21/23 30 20 X 0 646685 30687 Brenda Satterfield Chief Financial Officer thru 5/26/23 30 20 X 0 357718 28663 Diane Liliestedt President & COO as of 2/22/23 30 20 X 0 204571 8712 Nicole Gandee Administrator 40 0 X 108776 0 9612 Jennifer Marinelli LPN 40 0 X 107483 0 978 Alec Berezin Trustee 1 1 X 0 0 0 Patti Berns Trustee 1 1 X 0 0 0 Alan Blumenthal Trustee 1 1 X 0 0 0 Ken Bravo Trustee 1 1 X 0 0 0 Howard Danzinger Trustee 1 1 X 0 0 0 Howard Epstein Secretary 2 2 X X 0 0 0 Greg Marcus Associate Treasurer 2 2 X X 0 0 0 Ira Kaplan Trustee 1 1 X 0 0 0 Judy Kaufman Trustee 1 1 X 0 0 0 Noreen Koppelman-Goldstein Trustee 1 1 X 0 0 0 Robert Kwait Trustee 1 1 X 0 0 0 Keith Libman Trustee 1 1 X 0 0 0 William Lieberman Trustee 1 1 X 0 0 0 Peter Meisel Trustee 1 1 X 0 0 0 Lisa Michel Trustee 1 1 X 0 0 0 Beth Rosenberg Past Board Chair 2 2 X X 0 0 0 Enid Rosenberg Trustee 1 1 X 0 0 0 Marc Silverstein Vice Chair 2 2 X X 0 0 0 Harry Singer Board Chair 20 20 X X 0 0 0 Cathy Stamler Trustee 1 1 X 0 0 0 Neil Tramer Trustee 1 1 X 0 0 0 Adam Wieder Trustee 1 1 X 0 0 0 Judy Willensky Vice Chair 2 2 X X 0 0 0 Larry Mack Trustee 1 1 X 0 0 0 Ken Marblestone Foundation President 2 15 X 0 0 0 Fay Margarenten-Gross Trustee 1 1 X 0 0 0 Cameron Orlean Trustee 1 1 X 0 0 0 216259 1208974 78652 2 0 1 0 IntelyCare Inc PO Box 200413 Pittsburgh PA 15251 Nursing Staff 1428573 1 0 0 0 4202 777144 0 0 781346 Assisted Living Revenue 623000 4625707 4625707 0 0 Rehab Pavillion Revenue 623000 3400699 3400699 0 0 Memory Care Revenue 623000 1211612 1211612 0 0 0 0 0 0 9238018 336 0 0 336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10019700 9238018 0 336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5096515 3967169 1129346 0 53815 41890 11925 0 367584 286131 81453 0 286707 223176 63531 0 832735 0 832735 0 100118 85741 14377 0 15078 12913 2165 0 0 0 0 0 0 0 0 0 0 0 416773 356914 59859 0 106681 0 106681 0 957485 816882 140603 0 6819 5840 979 0 0 0 0 0 783984 642035 141949 0 17222 17222 0 0 0 0 0 0 539 0 539 0 409946 401747 8199 0 0 0 0 0 1044220 913520 130700 0 182161 155019 27142 0 Dietary Supplies and Equipment 1220342 1220342 0 0 Organization & Membership Dues 2656 0 2656 0 11901380 9146541 2754839 0 328817 209442 12208 12031 0 0 1146324 1506752 0 0 0 0 0 0 18201 18201 255321 259904 18922306 2915750 16740622 16006556 0 0 0 0 0 0 454000 454000 21073 10280 18976566 18477166 1294527 3440239 321245 267103 11410410 10721410 307675 267482 13333857 14696234 X 5642709 3780932 0 0 5642709 3780932 18976566 18477166 X -1881680 0 0 0 0 19903 X 0 1 X 1 0 X X 2 Montefiore Home 340714360 10 1 0 0 Menorah Park Center for Senior Living 340714443 10 0 832735 0 2 832735 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Schedule A, Part IV, Section A, Line 1 Menorah Park Center for Senior Living became a supported organization of the Montefiore Housing Corporation when the Montefiore Housing Corporation's sole member, The Montefiore Home, signed an affiliation agreement with Menorah Park Center for Senior Living effective 7/1/2020. Menorah Park Center for Senior Living is a supported organization designated by class. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 563918 563918 0 16981561 2343340 14638221 0 451603 200091 251512 0 925224 372319 552905 0 0 0 0 16006556 0 Note Payable to Affiliate 255789 Capital Lease 10280 Estimated Third Party Settlement 1413 267482 X Schedule D, Part X, Line 2 The Montefiore Housing Corporation adopted the accounting standard on accounting for uncertainty in income taxes, which address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, The Montefiore Housing Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of The Montefiore Housing Corporation, the continued tax-exempt status of bonds issued, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2023, there were no unrecognized tax benefits identified or recorded as liabilities. X X X 0 0 0 0 0 0 0 0 0 James Newbrough President & CEO thru 2/21/23 0 643795 0 0 0 2890 0 9515 0 21172 0 677372 0 0 Brenda Satterfield Chief Financial Officer thru 5/26/23 0 355943 0 0 0 1775 0 10028 0 18635 0 386381 0 0 Diane Liliestedt President & COO as of 2/22/23 0 172571 0 32000 0 0 0 0 0 8712 0 213283 0 0 Schedule J, Part I, Line 3 Menorah Park (a related organization) has a standing Compensation Committee to annually review for reasonableness with similar organizations, the salaries of the Executive Director and top level, key management staff of the organization. The Compensation Committee uses published surveys and purchased compensation comparison information to review and study reasonableness and competitiveness of Menorah Park executive salaries with similar healthcare organizations. An employee's seniority and performance are also reviewed during salary determination. Discussions and decisions of the Compensation Committee are documented in their meeting minutes. A Colorado Educational & Cultural Facilities Authority 840896727 2010-12-16 15400000 Refinancing existing debt 0 0 0 A 6527000 0 15400000 0 0 0 0 0 0 15400000 0 0 2010 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 Schedule K, Part IV, Line 2c-12/16/2010 15,400,000 Colorado Educational & Cultural Facilities Author It was determined in 2015 that no rebate is due. Form 990, Part VI, Section A, Line 6 As of July 1, 2020, Montefiore Home is the sole member of Montefiore Housing Corporation. Form 990, Part VI, Section A, Line 7a At least one-third of the voting members of the Menorah Park Center for Senior Living Board of Trustees shall consist of persons who were on the Board of Trustees for The Montefiore Home. Form 990, Part VI, Section A, Line 7b Governance of the Montefiore Housing Corporation is carried out by the Board of Trustees of the Menorah Park Center for Senior Living per an affiliation agreement effective July 1, 2020. Form 990, Part VI, Section B, Line 11b A sub-committee of the Menorah Park Center for Senior Living Audit Committee (a related organization) and an independent CPA firm, as the board designees, review the Form 990 prior to submission. Senior management reviews and approves the form while completing and overseeing the process for completion. The Board of Directors is provided a copy of the return prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c Annually, the Montefiore Housing Corporation sends a copy of its Conflict of Interest policy to all trustees, officers, committee members and key employees. These "Key Individuals" are required to disclose any transactions where the interests of the Montefiore Housing Corporation and the Key Individual (or spouse or other family member of a Key Individual) could potentially be in conflict. The Conflict of Interest policy is reviewed annually at the initial meeting of the Board of Trustees following the Montefiore Housing Corporation's annual meeting, and each Key Individual is provided with a copy of the policy upon commencement of his or her position as such Key Individual. Non compliance with the conflict of interest policy could result in disciplinary action including removal from association with the Montefiore Housing Corporation. The Conflict of Interest policy is regularly and consistently monitored and enforced by the compliance officer. Form 990, Part VI, Section B, Line 15 Menorah Park (a related organization) has a standing Compensation Committee to annually review for reasonableness with similar organizations, the salaries of the Executive Director and top level, key management staff of the organization. The Compensation Committee uses published surveys and purchased compensation comparison information to review and study reasonableness and competitiveness of Menorah Park and related organization's executive salaries with similar healthcare organizations. An employee's seniority and performance are also reviewed during salary determination. Discussions and decisions of the Compensation Committee are documented in their meeting minutes. Form 990, Part VI, Section C, Line 19 The Montefiore Housing Corporation maintains copies of all governing documents and financial reports at its main offices in Beachwood, OH. Copies of these documents are available to the public upon request, for the same period of time as set forth in IRC section 6104(d). Form 990, Part XI, Line 9 Change in Pension Liability $19,903 Montefiore Home 1 David N Myers Pkwy Beachwood OH 44122 340714360 Skilled Nursing OH 501(c)(3) 10 Menorah Park Center for Senior Living 0 The Montefiore Foundation 1 David N Myers Pkwy Beachwood OH 44122 341788055 Fundraising OH 501(c)(3) 7 Montefiore Home 1 Menorah Park Center for Senior Living 27100 Cedar Road Beachwood OH 441221156 340714443 Skilled Nursing OH 501(c)(3) 10 N/A 0 Menorah Park Women's & Men's Assoc 27100 Cedar Road Beachwood OH 44122 201321718 Volunteers OH 501(c)(3) 12c Menorah Park Center for Senior Living 0 Menorah Park Foundation 27100 Cedar Road Beachwood OH 44122 341778478 Fundraising OH 501(c)(3) 7 Menorah Park Center for Senior Living 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 The Montefiore Foundation c 4202 Actual