2020-06-01T10:39:15-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2018-07-01 232083077 MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE AND SUBSIDIARIES MADL 2153711800 1425 HORSHAM ROAD NORTH WALES PA 19454 GREG SMITH CHIEF FINANCIAL OFFICER 2153711800 2020-05-20 1 KERRI N BOGDA CPA P00760402 7177404863 73.187.220.225 2020-05-20 16:14:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BF90B4BE16E9AE312C0D8383967EBAED4A365E8B 2018 2021-01-29 14:40:06Z CAROL A IRVINE 1425 HORSHAM ROAD NORTH WALES PA 19454 92594244 1 1 2436 X WWW.ABRAMSONCENTER.ORG X 1866 PA NURSING/PERSONAL CARE, SHORT- TERM REHAB, HOSPICE, HOME CARE, ADULT DAYCARE, DIALYSIS, COUNSELING 127 125 1095 204 96300 95300 5295464 3994710 58749087 58957407 2373716 1533174 1209828 1477033 67628095 65962324 0 0 0 0 43527383 44677385 0 0 1024334 25567710 25573619 69095093 70251004 -1466998 -4288680 122042082 118801975 54689829 57324079 67352253 61477896 X THE MISSION OF THE MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE IS TO ENHANCE THE QUALITY OF LIFE OF SENIORS BY PROVIDING EXCEPTIONAL CARE IN INNOVATIVE LIVING ENVIRONMENTS, ASSISTING FAMILY CAREGIVERS, AND BY ANSWERING IMPORTANT QUESTIONS ABOUT AGING THROUGH RESEARCH. WE ARE COMMITTED TO CONTINUING OUR HISTORIC ROLE IN SERVING THE JEWISH COMMUNITY AND TO OUR DISTINGUISHED HERITAGE OF HONORING OUR ELDERS. 0 0 64236941 0 58957407 MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE AND SUBSIDIARIES ("THE CENTER"), PREVIOUSLY PHILADELPHIA GERIATRIC CENTER, IS A COMPREHENSIVE PROVIDER OF HEALTHCARE TO SENIORS. THE CENTER OFFERS A COORDINATED SYSTEM OF HEALTHCARE AND SOCIAL SERVICES FOR THE ELDERLY AND THEIR FAMILIES. THROUGHOUT THE AGING CYCLE, OUR WIDE RANGE OF SERVICES PROVIDES A CONTINUUM OF CARE IN A VARIETY OF SETTINGS, INCLUDING THE COMMUNITY AND THE INDIVIDUAL'S OWN HOME. THE CENTER PRIDES ITSELF ON THE INNOVATIVE PROGRAMS IT OFFERS AND ITS MISSION TO PROVIDE HEALTHCARE SERVICES TO SENIORS REGARDLESS OF THEIR ABILITY TO PAY. THE CENTER OPERATES 46 PERSONAL CARE UNITS, 2 INDEPENDENT LIVING UNITS, 324 SKILLED LONG-TERM AND TRANSITIONAL CARE NURSING BEDS, AN ADULT DAYCARE CENTER, A RESEARCH FACILITY, HOSPICE CARE, HOME HEALTH CARE, AND COMMUNITY BASED COUNSELING SERVICES.LOCATED ON A SUBURBAN CAMPUS IN HORSHAM TOWNSHIP, MONTGOMERY COUNTY, PA., THE CENTER OFFERS A BROAD ARRAY OF LIFE-AFFIRMING CULTURAL, EDUCATIONAL, AND RELIGIOUS ACTIVITIES WHICH HELP RESIDENTS REMAIN ENGAGED IN THE WORLD AROUND THEM. IN KEEPING WITH THE CENTER'S HISTORIC COMMITMENT TO SERVING THE ELDERLY OF LIMITED RESOURCES, 63 PERCENT OF THE MEN AND WOMEN RESIDING IN THE ABRAMSON RESIDENCE HAVE NO FINANCIAL MEANS AND RELY ON MEDICAL ASSISTANCE.SKILLED NURSING CARETHE 324-BED ABRAMSON RESIDENCE PROVIDES SKILLED NURSING CARE AND FEATURES ALL SINGLE-OCCUPANCY BEDROOMS, SMALL-SCALE RESIDENTIAL ENCLAVES, AND A RESIDENT-CENTERED MODEL OF CARE THAT NURTURES RESIDENTS' INDIVIDUAL, SPIRITUAL AND SOCIAL NEEDS. THE 324 BEDS INCLUDE 270 BEDS DEDICATED TO LONG-TERM CARE AND 54 BEDS THAT SERVE THE NEEDS OF PATIENTS WHO NEED POST-ACUTE REHABILITATION AFTER DISCHARGE FROM A HOSPITAL STAY BEFORE THE PATIENT IS READY TO RETURN HOME. A BROAD ARRAY OF LIFE-AFFIRMING ACTIVITIES HELP RESIDENTS REMAIN ENGAGED IN THE WORLD AROUND THEM. ABUNDANT GREENERY AND LIVE-IN PETS CONTRIBUTE TO THE HOMEY ATMOSPHERE. KOSHER FOOD, ALONG WITH AN ONSITE SYNAGOGUE, AND A BROAD ARRAY OF JEWISH CULTURAL PROGRAMS AND HOLIDAY CELEBRATIONS, HELP TO CREATE A COMMUNITY WHERE OUR RESIDENTS FEEL AT HOME. IN FISCAL YEAR 2019, APPROXIMATELY 114,000 DAYS OF CARE WERE PROVIDED AT 96.5% OCCUPANCY. THE ABRAMSON CENTER CONTINUES ITS HISTORIC MISSION OF SERVING AS A SAFETY NET FOR ELDERLY JEWS NEEDING LONG-TERM CARE WHO ARE WITHOUT FINANCIAL MEANS. IN 2019, THE CENTER PROVIDED OVER 69,000 DAYS OF CARE FOR RESIDENTS WHO ARE ON MEDICAL ASSISTANCE (MEDICAID), INCLUDING MANY FROM DAY ONE OF CARE. HOWEVER, DECLINING MEDICAL ASSISTANCE REIMBURSEMENT DOES NOT COVER THE ACTUAL COST OF CARE, CAUSING THE CENTER TO STRUGGLE TO FILL AN EVER-INCREASING FUNDING GAP ON THE MEDICAID BEDS, WHICH IS NOW OVER $9 MILLION.RESIDENTIAL LIVING WITH PERSONAL CAREMILDRED SHORE INN PROVIDED APPROXIMATELY 17,200 DAYS OF CARE IN 48 SPACIOUS STUDIO AND ONE-BEDROOM PERSONAL CARE AND INDEPENDENT LIVING APARTMENTS. RESIDENTS ENJOYED A RANGE OF ACTIVITIES OFFERED MORNING THROUGH EVENING, MEALS, HELP WITH EVERYDAY TASKS SUCH AS DRESSING AND BATHING, WELLNESS CHECKS, AND MEDICATION MANAGEMENT. OUR COMMUNITY IS ONE OF ONLY A FEW IN THE REGION TO PROVIDE KOSHER FOOD PREPARED ON SITE, A SYNAGOGUE, AND A BROAD ARRAY OF JEWISH CULTURAL PROGRAMS AND HOLIDAY CELEBRATIONS. RESIDENT CARE EXCEEDS THE STATE MANDATED REQUIREMENT. OUR BENEVOLENT CARE POLICY PROVIDES RENT SUBSIDIES TO RESIDENTS WHO HAVE OUTLIVED THEIR RESOURCES.HOSPICETHE ABRAMSON HOSPICE, LAUNCHED IN JANUARY 2008, IS A NONSECTARIAN PROGRAM SERVING SENIORS RESIDING ON THE CENTER'S CAMPUS AS WELL AS ADULTS LIVING IN THEIR OWN HOMES OR IN OTHER SENIOR COMMUNITIES, OR IN HOSPITALS. THE ABRAMSON HOSPICE SERVES PEOPLE WITH HIGH-QUALITY, MULTI-DISCIPLINARY HOSPICE SERVICES. WE ALSO PROVIDE BEREAVEMENT SERVICES TO THOSE IN NEED, EVEN IF THEY WERE NOT CLIENTS OF THE PROGRAM. AN IMPORTANT FEATURE THAT SETS THE ABRAMSON HOSPICE APART FROM OTHER HOSPICE PROGRAMS IS ITS MISSION TO PROVIDE SERVICES AND SPECIALLY TRAINED STAFF WHO ARE UNIQUELY INFORMED ABOUT AND SENSITIVE TO THE NEEDS OF JEWISH CLIENTS AND UNDERSTANDING OF JEWISH CULTURE, TRADITIONS, AND OBSERVANCES. HOME CAREABRAMSON HOME CARE WAS ESTABLISHED IN DECEMBER 2010 THROUGH THE ACQUSITION (ASSET PURCHASE) OF AN EXISTING HOME CARE AGENCY BASED IN ELKINS PARK, PA. ABOUT FOUR YEARS AGO, THE CENTER MOVED THE HOME CARE OFFICE FROM ELKINS PARK, PA TO JENKINTOWN, PA BUT THE OFFICE STILL HOSTS THE ADMINISTRATIVE ACTIVITIES OF THE HOME CARE LINE OF BUSINESS INCLUDING SCHEDULING AND BILLING. ABRAMSON HOME CARE IS A NONSECTARIAN PROGRAM SERVING SENIORS RESIDING IN THEIR OWN HOMES. ABRAMSON HOME CARE SERVES PEOPLE WITH HIGH-QUALITY CARE WITH A TEAM OF WELL-TRAINED STAFF INCLUDING REGISTERED NURSES (RN), LICENSED PRACTICAL NURSES (LPN), CERTIFIED NURSING ASSISTANTS (CNA), HOME HEALTH AIDES, PHYSICAL THERAPISTS, OCCUPATIONAL THERAPISTS, SPEECH THERAPISTS, SOCIAL WORKERS, DIETICIANS, HOMEMAKERS AND COMPANIONS. ABRAMSON HOME CARE OFFERS SERVICES TO MEDICARE PARTICIPANTS, MEDICAL ASSISTANCE PARTCIPANTS AND PRIVATE DUTY CARE. AN IMPORTANT FEATURE THAT DIFFERENTIATES ABRAMSON HOME CARE FROM OTHER HOME CARE AGENCIES IS ITS MISSION TO PROVIDE SERVICES AND SPECIALLY TRAINED STAFF WHO ARE UNIQUELY INFORMED ABOUT AND SENSITIVE TO THE NEEDS OF JEWISH CLIENTS AND UNDERSTANDING OF JEWISH CULTURE, TRADITIONS, AND OBSERVANCES. HOWEVER, ABRAMSON HOME CARE HONORS THE RELIGIOUS PREFERENCES OF ALL CLIENTS. ABRAMSON HOME CARE PROVIDED OVER 28,600 HOURS OF HOME CARE SERVICES TO CLIENTS WHO QUALIFIED FOR MEDICAL ASSISTANCE.DIALYSISABRAMSON DIALYSIS (FMS ABRAMSON LLC) WAS ADDED IN FY 2014 THROUGH A JOINT VENTURE WITH BIO-MEDICAL APPLICATIONS OF PENNSYLVANIA, INC. AND RENAL ENTERPRISE, LLC. BIO-MEDICAL OWNS 51%, ABRAMSON OWNS 24.5% AND RENAL ENTERPRISE OWNS THE REMAINING 24.5%. THE DIALYSIS UNIT IS HOUSED IN NORTH WALES, PA AT THE ABRAMSON CAMPUS AND FEATURES 8 STATIONS. DIALYSIS IS OFFERED TO BOTH ABRAMSON CENTER RESIDENTS AND PATIENTS FROM THE COMMUNITY. MEDICAL DAY SERVICESTHE CENTER ALSO ESTABLISHED A MEDICAL DAY FACILITY EMBEDDED IN AN AFFORDABLE HOUSING APARTMENT BUILDING IN NORTHEAST PHILADELPHIA. THIS FACILITY HAS THE CAPACITY TO SERVE 49 CLIENTS AND IS LARGELY CATERED TO THE NEEDS OF THE MEDICAL ASSISTANCE POPULATION. IN ADDITION TO THE AVAILABILITY OF REGISTERED NURSES, THE FACILITY ALSO FEATURES ACCESS TO A NURSE PRACTITIONER SO THAT CLIENTS CAN RECEIVE ASSISTANCE WITH MEDICAL NEEDS. 64236941 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 55 0 1095 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 127 125 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X GREG SMITH CFO 2153711807 1425 HORSHAM ROAD NORTH WALES PA 19454 AMY N COHEN TRUSTEE 0.10 X 0 0 0 ARNOLD H KRAMER PAST CHAIR 0.20 X 0 0 0 ARNOLD S HOFFMAN PAST CHAIR 0.20 X 0 0 0 BARBARA KLEGER TRUSTEE 0.20 X 0 0 0 BARBARA M LINCOW HONORARY VICE CHAIR 0.20 X X 0 0 0 BARRY COOPERBERG TRUSTEE 0.10 X 0 0 0 BENNETT GOLDSTEIN PAST CHAIR (DEC. MARCH '19) 0.20 X 0 0 0 BERNARD P DISHLER TRUSTEE 0.10 X 0 0 0 BETH DRAPKIN TRUSTEE 0.10 X 0 0 0 BETH G REISBOARD TRUSTEE 0.10 X 0 0 0 BRUCE A GOODMAN TRUSTEE 0.10 X 0 0 0 BRUCE GOLDSTEIN TRUSTEE 0.10 X 0 0 0 BUBBLES SEIDENBERG TRUSTEE 0.10 X 0 0 0 CARL W SCHNEIDER TRUSTEE 0.20 X 0 0 0 CHRISTOPHER A SCHELL TRUSTEE 0.20 X 0 0 0 CISSIE VIZAK FRANTZ TRUSTEE 0.10 X 0 0 0 CONSTANCE WILF TRUSTEE 0.10 X 0 0 0 DANIEL BLEZNAK TRUSTEE 0.10 X 0 0 0 DAVID AXELROD TRUSTEE 0.10 X 0 0 0 DAVID HOROWITZ TRUSTEE 0.10 X 0 0 0 DAVID R CUTLER TRUSTEE 0.10 X 0 0 0 DONALD A BERG TRUSTEE 0.20 X 0 0 0 DONALD M ROSEN TRUSTEE 0.10 X 0 0 0 DOROTHY WASSERMAN TRUSTEE 0.10 X 0 0 0 ELLEN B FARBER TRUSTEE 0.10 X 0 0 0 FRAN LEVIN TRUSTEE 0.10 X 0 0 0 FRED H WOLFSON TRUSTEE 0.20 X 0 0 0 GARY B RUBIN TRUSTEE 0.10 X 0 0 0 GARY SENDER TRUSTEE 0.10 X 0 0 0 GEOFFREY DUFFINE TRUSTEE 0.10 X 0 0 0 GERALD C SEGAL TRUSTEE 0.20 X 0 0 0 GLENN D BLUMENFELD TRUSTEE 0.10 X 0 0 0 GREGORY S MARX TRUSTEE 0.10 X 0 0 0 HARRIET SILBERMAN TRUSTEE 0.10 X 0 0 0 HARVEY GOLDBERG PAST CHAIR 0.20 X 0 0 0 HOWARD A CUTLER TRUSTEE 0.20 X 0 0 0 HOWARD J DAVIS VICE CHAIR 0.20 X X 0 0 0 HYMAN KAHN TRUSTEE 0.10 X 0 0 0 IAN M COMISKY TRUSTEE 0.10 X 0 0 0 IRVING N STEIN TRUSTEE 0.10 X 0 0 0 J BRETT STUDNER TRUSTEE 0.10 X 0 0 0 JACQUELINE P KANE TRUSTEE 0.10 X 0 0 0 JAMES M MEYER VICE CHAIR 0.20 X X 0 0 0 JANE L DIAMOND TRUSTEE 0.20 X 0 0 0 JAY LEVITT TRUSTEE 0.10 X 0 0 0 JAY M BORNSTEIN TRUSTEE 0.20 X 0 0 0 JEFFREY A GORDON TRUSTEE 0.10 X 0 0 0 JEROME HELLMANN TRUSTEE 0.10 X 0 0 0 JILL C ZIPIN TRUSTEE 0.10 X 0 0 0 JOHN BIRNHAK TRUSTEE 0.10 X 0 0 0 JORDAN M KENDALL TRUSTEE 0.10 X 0 0 0 JOSEPH M MANKO TRUSTEE 0.10 X 0 0 0 JOSEPH M YOHLIN IMMEDIATE PAST CHAIR 0.20 X X 0 0 0 JULIE AXELROD TRUSTEE 0.10 X 0 0 0 KAREN B KRAMER TRUSTEE 0.20 X 0 0 0 KAREN SCHECTER DAYNO TRUSTEE 0.10 X 0 0 0 KATHY COHEN TRUSTEE 0.10 X 0 0 0 L SCOTT LEVIN MD TRUSTEE 0.10 X 0 0 0 LARRY J RAPPOPORT TRUSTEE 0.10 X 0 0 0 LARRY TARGAN TRUSTEE 0.10 X 0 0 0 LAWRENCE J POLLOCK TRUSTEE (DEC. JAN. '19) 0.10 X 0 0 0 LORI F REINER TRUSTEE 0.10 X 0 0 0 LORI ISRAELITE TRUSTEE 0.10 X 0 0 0 LORRAINE DROBNY VICE CHAIR 0.20 X X 0 0 0 LOUIS W FRYMAN TRUSTEE 0.10 X 0 0 0 LUISA R CONTREIRAS TRUSTEE 0.20 X 0 0 0 LYDIA HAMMER TRUSTEE 0.10 X 0 0 0 LYNNE BARRACK TRUSTEE 0.10 X 0 0 0 MALCOLM B JACOBSON TRUSTEE 0.10 X 0 0 0 MARC HARRIS GINSBURG TRUSTEE 0.10 X 0 0 0 MARC L FELGOISE VICE CHAIR 0.20 X X 0 0 0 MARGIE SHERR TRUSTEE 0.10 X 0 0 0 MARJORIE ACTMAN TRUSTEE 0.10 X 0 0 0 MARK FISHMAN TRUSTEE 0.10 X 0 0 0 MARK HARRIS ROSENFELD TRUSTEE 0.10 X 0 0 0 MARK R ESKIN TRUSTEE 0.10 X 0 0 0 MARK S BLASKEY TRUSTEE 0.10 X 0 0 0 MARTIN L TRICHON TRUSTEE 0.10 X 0 0 0 MELVIN DION TRUSTEE 0.10 X 0 0 0 MELVYN PAUL RICHTER HONORARY VICE CHAIR 0.20 X X 0 0 0 MICHAEL B STEINBERG PAST CHAIR 0.20 X 0 0 0 MICHELLE YELLIN TRUSTEE 0.10 X 0 0 0 MINDY BETH WEXLER TRUSTEE 0.20 X 0 0 0 MITCHELL E RUSSELL TRUSTEE 0.10 X 0 0 0 MITCHELL S GOLDENBERG TRUSTEE 0.20 X 0 0 0 MORRIS GOCIAL VICE CHAIR 0.20 X X 0 0 0 MURRAY SPAIN TRUSTEE 0.10 X 0 0 0 NANCY GOLDSMITH TRUSTEE 0.10 X 0 0 0 NEAL R PEARLSTINE TRUSTEE 0.10 X 0 0 0 NEAL S GRABELL TRUSTEE 0.20 X 0 0 0 NED CARP TRUSTEE 0.10 X 0 0 0 NEIL J MODEL VICE CHAIR 0.20 X X 0 0 0 NORMAN P ZARWIN TRUSTEE 0.10 X 0 0 0 PAUL C ASTOR TRUSTEE 0.10 X 0 0 0 PHYLLIS MALISSA FINKELSTEIN TRUSTEE 0.10 X 0 0 0 RENEE G H SACKEY ESQ TRUSTEE 0.10 X 0 0 0 RICHARD A SCHMELTZER HONORARY VICE CHAIR 0.20 X X 0 0 0 RICHARD B PEARL PAST CHAIR 0.20 X 0 0 0 RICHARD G FRANKEL TRUSTEE 0.20 X 0 0 0 RICHARD J FERST TRUSTEE 0.10 X 0 0 0 RICHELLE D HITTINGER TRUSTEE 0.10 X 0 0 0 ROBERT A FEIN TRUSTEE 0.10 X 0 0 0 ROBERT D KATZ TRUSTEE 0.10 X 0 0 0 RONALD P LASSIN TRUSTEE 0.10 X 0 0 0 RONALD P PERILSTEIN TRUSTEE 0.20 X 0 0 0 S TY STEINBERG TRUSTEE 0.10 X 0 0 0 SAMUEL M GOLDSTEIN TRUSTEE 0.10 X 0 0 0 SANDI GOLDSTEIN TRUSTEE 0.10 X 0 0 0 SANDRA WEISS TRUSTEE 0.10 X 0 0 0 SAUL V REIBSTEIN VICE CHAIR 0.20 X X 0 0 0 SCOTT BARSKY VICE CHAIR 0.20 X X 0 0 0 SETH J LEHR PAST CHAIR 0.20 X 0 0 0 SHEREE BLOCH TRUSTEE 0.10 X 0 0 0 SHIRLEY G PEARLSTINE HONORARY VICE CHAIR 0.20 X X 0 0 0 STANLEY MERVES TRUSTEE 0.10 X 0 0 0 STEFI LEVIN TRUSTEE 0.10 X 0 0 0 STEWART SINGER VICE CHAIR 0.20 X X 0 0 0 SUSAN DAVIS AUXILIARY PRESIDENT 0.20 X X 0 0 0 SUSAN PANITCH TRUSTEE 0.10 X 0 0 0 WENDY TWING TRUSTEE 0.10 X 0 0 0 WILLIAM PERILSTEIN PAST CHAIR 0.20 X 0 0 0 WILLIAM SCHWARTZ PAST CHAIR 0.20 X 0 0 0 PETER FRIEDMAN TRUSTEE 0.20 X 0 0 0 DEVORAH KENDALL TRUSTEE 0.20 X 0 0 0 RICHARD KOLLENDER TRUSTEE 0.20 X 0 0 0 SYLVIA KREITHEN TRUSTEE 0.20 X 0 0 0 STUART KURTZ TRUSTEE 0.20 X 0 0 0 JONATHAN MANDELL TRUSTEE 0.20 X 0 0 0 LYNNE PIERCE TRUSTEE 0.20 X 0 0 0 BENNETT BROAD TRUSTEE (RES. SEPT. '18) 0.10 X 0 0 0 CAROL IRVINE CHIEF EXECUTIVE OFFICER 40.00 X 595072 0 9161 MARK WASSERMAN CHIEF FINANCIAL OFFICER 40.00 X 323070 0 17293 STACI WARSAW VP TCU 40.00 X 152354 0 7308 VALERIE G PALMIERI CHIEF OPERATING OFFICER 40.00 X 306899 0 15442 DAVID KELBLE VP IT 40.00 X 170191 0 12981 KAREN BALDWIN VP HUMAN RESOURCES 40.00 X 238004 0 7263 ROBIN BRANDIES VP DEVELOPMENT 40.00 X 217207 0 16556 SEAN GREGSON VP HOME CARE & HOSPICE 40.00 X 190176 0 5743 BRENDA DECKER VP RESIDENT CARE 40.00 X 199110 0 8348 LAWRENCE GLADSTONE SVP BUSINESS 40.00 X 332974 0 8376 JEFFREY ELLIS MEDICAL DIRECTOR 40.00 X 155358 0 9772 JENNIFER CLAVES MEDICAL DIRECTOR 40.00 X 303088 0 15347 MARYANNE ROSNER CONTROLLER 40.00 X 149567 0 10571 ROBERT GORDON CHIEF MEDICAL DIRECTOR 40.00 X 257198 0 14449 SUSAN BARKER DIRECTOR OF NURSING 40.00 X 138507 0 4724 3728775 0 163334 39 0 1 0 HSC BUILDERS & CONSTRUCTION MANAGER 304 NEW MILL LANE EXTON PA 19341 CONSTRUCTION MGT 4704953 MORRISON MANAGEMENT SPECIALISTS 100 SOUTHCREST DR STOCKBRIDGE GA 30281 DIETARY SVC 2324106 REHAB CARE GROUP 7733 FORSYTH BLVD SUITE 1700 ST LOUIS MO 63105 REHABILITATION SVC. 1710892 HIGH AVAILABILITY INC 820 ADAMS AVE AUDUBON PA 19403 IT & CONSULTING SVCS 213052 DIGITAL CARE SYSTEMS INC 2000 C HARTEL AVE LEVITTOWN PA 19057 CALL SYSTEM SERVICES 151424 53 654944 82610 3257156 291923 3994710 NET RESIDENT/PATIENT REV 623000 56750595 56750595 PA NURSING HOME ASSESSMENT 623000 1669697 1669697 ADULT DAYCARE CENTER 623000 537115 537115 58957407 1162841 1162841 253569 70541 183028 183028 183028 26625827 26255494 370333 370333 370333 216717 654944 305885 -89168 -89168 PREMIUM REFUND 900099 648124 648124 RESIDENT PERSONAL NEEDS 812900 517077 517077 CAFE/MEALS REVENUE 722210 114236 114236 103736 96300 7436 1383173 65962324 58957407 96300 2913907 X 2532183 537401 1754659 240123 34526185 32815209 1251088 459888 596583 567019 21618 7946 4385118 4254390 93202 37526 2637316 2435411 157370 44535 288273 288273 296380 8192 288018 170 62004 62004 884 884 159286 159286 9456360 9071552 224737 160071 202107 95747 62986 43374 234130 69298 152312 12520 818703 818703 1301739 1229683 66111 5945 297456 264608 27685 5163 62482 37640 18494 6348 1834275 1753760 80515 4040255 4040255 489536 489536 UBIT TAXES 86190 86190 MEDICAL SUPPLIES 3171640 3171640 PA NURSING HOME ASSESS. 792000 792000 RESIDENT PERSONAL NEEDS 606280 606280 1373639 1178617 194297 725 70251004 64236941 4989729 1024334 1442443 886847 2126497 1388306 6109277 8982138 73753 79025 1017489 1132314 102616229 40949427 55080635 61666802 47868764 36638027 6448274 6171937 217619 217619 1657331 1638960 122042082 118801975 8140324 8536633 868047 752302 39091517 37555466 1200000 2118221 5389941 8361457 54689829 57324079 X 61726168 56788444 3515591 2580546 2110494 2108906 67352253 61477896 122042082 118801975 X -4288680 14267 -1599944 X 0 1 X 1 0 X 3747079 3396675 6957704 5295464 3994710 23391632 53026558 52787196 54244235 58749087 58957407 277764483 56773637 56183871 61201939 64044551 62952117 301156115 800316 561323 2254843 1172051 1003362 5791895 0 800316 561323 2254843 1172051 1003362 5791895 295364220 1468865 1271081 1098303 1145170 1416410 6399829 1468865 1271081 1098303 1145170 1416410 6399829 95300 95300 915851 1395934 2068540 1171529 1503590 7055444 59158353 58850886 64368782 66361250 65967417 314706688 0.93850 0.93750 0.02030 0.02100 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2014 AMOUNT: $ 59,212. 2015 AMOUNT: $ 69,250. 2016 AMOUNT: $ 478,132. 2017 AMOUNT: $ 16,540. 2018 AMOUNT: $ 31,327. CAFE/MEALS REVENUE - 2014 AMOUNT: $ 64,333. 2015 AMOUNT: $ 82,577. 2016 AMOUNT: $ 114,176. 2017 AMOUNT: $ 112,861. 2018 AMOUNT: $ 114,236. RESIDENT PERSONAL NEEDS - 2014 AMOUNT: $ 592,330. 2015 AMOUNT: $ 662,413. 2016 AMOUNT: $ 85,449. 2017 AMOUNT: $ 526,556. 2018 AMOUNT: $ 517,077. FUNDRAISING RECEIPTS - 2014 AMOUNT: $ 116,290. 2015 AMOUNT: $ 240,174. 2016 AMOUNT: $ 305,211. 2017 AMOUNT: $ 247,984. 2018 AMOUNT: $ 216,717. VENDING MACHINE - 2014 AMOUNT: $ 6,762. 2015 AMOUNT: $ 6,239. 2016 AMOUNT: $ 5,145. 2017 AMOUNT: $ 2,152. 2018 AMOUNT: $ 0. ADMIN SERVICES REIMBURSEMENT - 2014 AMOUNT: $ 27,656. DIALYSIS JOINT VENTURE INCOME - 2014 AMOUNT: $ 49,268. 2015 AMOUNT: $ 111,684. 2016 AMOUNT: $ 45,025. 2017 AMOUNT: $ -27,120. 2018 AMOUNT: $ -98,831. PHYSICIAN REVENUE - 2015 AMOUNT: $ 55,123. 2016 AMOUNT: $ 42,194. 2017 AMOUNT: $ 53,921. 2018 AMOUNT: $ 74,940. MANAGEMENT FEES - 2015 AMOUNT: $ 168,474. 2016 AMOUNT: $ 298,440. 2017 AMOUNT: $ 238,635. 2018 AMOUNT: $ 0. BAD DEBT RECOVERY - 2016 AMOUNT: $ 283,096. 2018 AMOUNT: $ 0. AETNA PREMIUM RETURN - 2016 AMOUNT: $ 411,672. 2018 AMOUNT: $ 648,124. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 884 884 0 PART II-B, LINE 1: THE MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE PAYS DUES TO LEADINGAGE PA AND LEADINGAGE. A PORTION OF THE DUES PAID TO THE ORGANIZATIONS ARE ALLOCABLE TO LOBBYING EXPENSES. 0 1 X 12265779 410372 555115 383792 12847474 9902146 1961469 751373 349209 12265779 9022598 251655 953801 325908 9902146 10078777 132638 90175 1278992 9022598 10187157 530470 42939 681789 10078777 0.80520 0.16560 0.02920 1 0 6253089 6253089 66813713 31314870 35498843 5700665 679598 5021067 17584886 8538268 9046618 6263876 416691 5847185 61666802 233099 F ALTERNATIVE INVESTMENTS 5938838 F 6171937 ACCRUED WORKERS COMPENSATION 1093305 DERIVATIVE FINANCIAL INSTRUMENT, INTEREST RATE SWAP AGREEMENT 5545469 CAPITAL LEASE OBLIGATIONS 39350 TENANT IMPROVEMENT ALLOWANCE 1683333 8361457 X 64593787 14267 -1759230 -1744963 66338750 -376426 -376426 65962324 70468144 376426 376426 70091718 159286 159286 70251004 PART IV, LINE 2B: RESIDENT TRUST FUNDS: THE ORGANIZATION HOLDS IN TRUST CERTAIN FUNDS ADVANCED BY THE RESIDENTS. THESE FUNDS ARE RECORDED AS ASSETS WHOSE USE IS LIMITED AND AS A CORRESPONDING LIABILITY. PART V, LINE 4: THE ENDOWMENT FUND ASSURES THE CONTINUITY OF THE CENTER'S MISSION TO CARE FOR THE ELDERLY FOR GENERATIONS TO COME AND IS MAINTAINED ACCORDING TO NATIONALLY ACCEPTED ENDOWMENT PRINCIPLES CONCERNING GROWTH, SPENDING, AND MANAGEMENT. PART X, LINE 2: THE CENTER IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT INCOME UNDER SECTION 501(A) OF THE IRC. THE CENTER ALSO IS EXEMPT FROM PENNSYLVANIA INCOME TAXES. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT -1,706,214. CHANGE IN VALUE OF BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS -38,793. CHANGE IN VALUE OF PLEDGES RECEIVABLE 114,625. INVESTMENT FEES -159,286. CHANGE IN VALUE OF INSURANCE POLICY CASH VALUE 20,423. CHANGE IN VALUE OF EQUITY IN SUBSIDIARIES 10,015. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -305,885. RENTAL EXPENSE -70,541. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 305,885. RENTAL EXPENSE 70,541. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 159,286. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5938838 0 0 0 0 0 0 5938838 0 5938838 0 0 1 1 1 0 SCHEDULE F, PART IV, LINE 4: THE ORGANIZATION HAS INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES, HOWEVER, THE ORGANIZATION DID NOT HAVE ANY TRANSACTIONS WHICH REQUIRED THE FILING OF A FORM 8621. THE ORGANIZATION HAS INVESTMENTS IN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, THE OWNERSHIP PERCENTAGE OF THESE INTERESTS DID NOT MEET THE THRESHOLD FOR FILING FORMS 5471 OR 8865. RAINBOW BALL 701940 526455 175485 73822 49215 12304 110733 GOLF OUTING 148229 119567 28662 12733 23775 7513 1 21492 8922 12570 9530 175 6085 871661 654944 216717 12733 73822 82520 12479 124331 305885 -89168 X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 CAROL IRVINE CHIEF EXECUTIVE OFFICER 466126 0 121746 0 7200 0 8250 0 911 0 604233 0 0 0 MARK WASSERMAN CHIEF FINANCIAL OFFICER 286104 0 36966 0 0 0 8169 0 9124 0 340363 0 0 0 STACI WARSAW VP TCU 152354 0 0 0 0 0 2438 0 4870 0 159662 0 0 0 VALERIE G PALMIERI CHIEF OPERATING OFFICER 271163 0 35736 0 0 0 8134 0 7308 0 322341 0 0 0 DAVID KELBLE VP IT 154805 0 15386 0 0 0 4644 0 8337 0 183172 0 0 0 KAREN BALDWIN VP HUMAN RESOURCES 207125 0 30879 0 0 0 6214 0 1049 0 245267 0 0 0 ROBIN BRANDIES VP DEVELOPMENT 181510 0 35697 0 0 0 5445 0 11111 0 233763 0 0 0 SEAN GREGSON VP HOME CARE & HOSPICE 166767 0 23409 0 0 0 4995 0 748 0 195919 0 0 0 BRENDA DECKER VP RESIDENT CARE 181110 0 18000 0 0 0 1483 0 6865 0 207458 0 0 0 LAWRENCE GLADSTONE SVP BUSINESS 332974 0 0 0 0 0 0 0 8376 0 341350 0 0 0 JEFFREY ELLIS MEDICAL DIRECTOR 154858 0 500 0 0 0 4646 0 5126 0 165130 0 0 0 JENNIFER CLAVES MEDICAL DIRECTOR 273088 0 30000 0 0 0 4154 0 11193 0 318435 0 0 0 MARYANNE ROSNER CONTROLLER 135286 0 14281 0 0 0 4058 0 6513 0 160138 0 0 0 ROBERT GORDON CHIEF MEDICAL DIRECTOR 257198 0 0 0 0 0 7536 0 6913 0 271647 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES PRESIDENT & CEO CAROL IRVINE WITH A DISCRETIONARY SPENDING ACCOUNT FOR AUTOMOBILE EXPENSES, WHICH IS INCLUDED IN COMPENSATION. CAROL IRVINE RECEIVES A TAX GROSS-UP PAYMENT FOR THIS ALLOWANCE. THE ORGANIZATION ALSO PROVIDES GROSS-UP PAYMENTS RELATED TO TAXABLE AUTO BENEFITS TO THE FOLLOWING INDIVIDUALS: KAREN BALDWIN (VP HUMAN RESOURCES) AND ANDREA ADELMAN (VP OF DEVELOPMENT). THE CEO, CFO AND VP OF HUMAN RESOURCES RECEIVE A TAX GROSS-UP PAYMENT RELATED TO LONG-TERM DISABILITY INSURANCE PREMIUMS. CLERGY EMPLOYEES RECEIVE HOUSING ALLOWANCES. PART I, LINE 7 OFFICERS AND KEY EMPLOYEES ARE AWARDED BONUSES BASED ON SPECIFIC CRITERIA ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THESE BONUSES ARE BASED ON SPECIFIC QUALITATIVE AND QUANTITATIVE GOALS AND ARE NOT PAID IF THESE CRITERIA ARE NOT MET. A COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY 840896727 196458P98 2013-04-01 46070000 TO REFINANCE PRIOR ISSUE 0 0 0 A 8345000 46070000 46070000 2013 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 PNC BANK 15.410000000000 0 0 0 0 1 A 1 BOARD MEMBER NEIL MODEL IS THE OWNER OF MODEL CONSULTING INC & WELLNOW LLC CBIZ MODEL & WELLNOW, LLC 102940 MODEL CONSULTING, INC./WELLNOW, LLC PROVIDES BENEFITS ADMINISTRATION SERVICES. THE COMPENSATION REPRESENTS FEES FOR SERVICES, NOT INSURANCE PREMIUMS. 0 BOARD MEMBER GARY RUBIN IS THE OWNER OF PCA INDUSTRIAL & PAPER SUPPLIES PCA INDUSTRIAL & PAPER SUPPLIES, INC. 114341 PCA INDUSTRIAL & PAPER SUPPLIES, INC. PROVIDES ENVIRONMENTAL SERVICES. THE COMPENSATION REPRESENTS FEES FOR SERVICES. 0 SCHEDULE L, PART IV THE ORGANIZATION FOLLOWS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS ARE CONDUCTED AT ARM'S LENGTH. X 7 229852 NYSE X KITCHEN EQUIPMENT 1 62071 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION ALSO HAS HONORARY TRUSTEES. THESE HONORARY TRUSTEES HAVE LIMITED VOTING RIGHTS AND ARE CONSEQUENTLY NOT LISTED ON PART VII. THE HONORARY TRUSTEES MAY ONLY VOTE ON THE FOLLOWING ISSUES: 1. ELECTION OR REMOVAL OF MEMBERS OF THE CORPORATION; 2. ELECTION OR REMOVAL OF OFFICERS, TRUSTEES OR HONORARY TRUSTEES OF THE CORPORATION; 3. THE PURCHASE, SALE, PLEDGE, LEASE OR EXCHANGE BY THE CORPORATION, OTHER THAN IN THE ORDINARY COURSE OF BUSINESS, OF PROPERTY AND ASSETS AT A COST EQUIVALENT TO OR GREATER THAN TWENTY PERCENT (20%) OF THE NET WORTH OF THE CORPORATION AS REFLECTED ON THE BALANCE SHEET MOST RECENT TO THE DATE OF SUCH PURCHASE; 4. THE MERGER, CONSOLIDATION OR OTHER BUSINESS COMBINATION INVOLVING THE CORPORATION AND ANY OTHER CORPORATION, PROFIT OR NOT-FOR-PROFIT, OR ENTITY; 5. THE ADOPTION OF ANY PLAN OR PROPOSAL FOR THE LIQUIDATION OR DISSOLUTION OF THE CORPORATION; 6. THE ADOPTION, ALTERATION, AMENDMENT OR REPEAL OF BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS (INCLUDING HONORARY TRUSTEES NOT REPORTED IN FORM 990, PART VII) HAVE FAMILY RELATIONSHIPS: CISSIE FRANTZ - MARC ROSENBERG (SON IN LAW) CISSIE FRANTZ - STEFI LEVIN (SISTER IN LAW) SHIRLEY PEARLSTINE - BRUCE GOODMAN (SON) SHIRLEY PEARLSTINE - MINDY WEXLER (DAUGHTER) SHIRLEY PEARLSTINE - CISSIE FRANTZ (COUSINS) MINDY WEXLER - BRUCE GOODMAN (SIBLINGS) LEONARD ABRAMSON - MADLYN ABRAMSON (WIFE) LEONARD ABRAMSON - RICHARD WOLFSON (SON IN LAW) LEONARD ABRAMSON - MARC FELGOISE (SON IN LAW) ARNOLD KRAMER - KAREN KRAMER (DAUGHTER IN LAW) S. TY STEINBERG - MICHAEL STEINBERG (SON) PETER SPAIN - MURRAY SPAIN (FATHER) MICHAEL SILVERBERG - KAREN SILVERBERG (WIFE) JEFF LICHT - BARRY ABRAMSON (UNCLE) ELAYNE BLEZNAK - DANIEL BLEZNAK (SON) PHYLLIS GITLIN - AMY GITLIN (DAUGHTER) ELAINE S. LEIBOWITZ - STEPHEN R. LEIBOWITZ (SON) STANLEY GINSBURG - MARC H. GINSBURG (SON) CHRIS SCHELL - PHYLLIS FINKELSTEIN (MOTHER IN LAW) NEAL R. PEARLSTINE - SHIRLEY PEARLSTINE (STEP MOTHER) MINDY WEXLER - NEAL R. PEARLSTINE (BROTHER IN LAW) BRUCE GOODMAN - NEAL R. PEARLSTINE (BROTHER IN LAW) WILLIAM PERILSTEIN - RONALD PERILSTEIN (SON) MINDY WEXLER - STEFI LEVIN (AUNT) BRUCE GOODMAN - STEFI LEVIN (AUNT) MINDY WEXLER - CISSIE FRANTZ (AUNT) BRUCE GOODMAN - CISSIE FRANTZ (AUNT) MINDY WEXLER - STEFI LEVIN (AUNT) DAVID AXELROD - JULIE AXELROD (COUSIN-IN-LAW) MICHAEL STEINBERG - LORI ISRAELITE (COUSIN) MARK FISHMAN ANNABELLE FISHMAN (MOTHER) MANDELL, JONATHAN - MORTON MANDELL (FATHER) FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND IS THEN DISSEMINATED TO ALL TRUSTEES AND OFFICERS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND REPORT ANY CONFLICTS. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROCEDURES ARE AS FOLLOWS: 1. THE CORPORATION RECOGNIZES THAT THE SKILLS, TALENTS AND RELATIONSHIPS OF ITS OFFICERS AND MEMBERS OF ITS BOARD OF TRUSTEES ARE AMONG ITS RICHEST ASSETS. THE CORPORATION ALSO IS AWARE THAT ACQUIRING GOODS OR SERVICES FROM, OR ENGAGING IN TRANSACTIONS WITH, ITS OFFICERS, TRUSTEES (AS USED IN THIS ARTICLE XII, ALL REFERENCES TO TRUSTEES SHALL BE DEEMED TO INCLUDE HONORARY TRUSTEES), MEMBERS OF THEIR FAMILIES OR ENTITIES IN WHICH THEY HAVE A FINANCIAL INTEREST OR WITH WHICH THEY ARE AFFILIATED (COLLECTIVELY SUCH PERSONS AND ENTITIES ARE REFERRED TO AS INTERESTED PARTIES) MAY CREATE AN APPEARANCE OF IMPROPRIETY. IN ORDER TO PROTECT THE CORPORATION AGAINST ANY IMPROPER APPEARANCE, THE CORPORATION WILL RESTRICT ITS BUSINESS DEALINGS WITH INTERESTED PARTIES AS FOLLOWS: 2. THE CORPORATION MAY ACQUIRE GOODS OR SERVICES FROM, OR OTHERWISE TRANSACT BUSINESS WITH, AN INTERESTED PARTY IF THE BOARD DETERMINES IN ITS JUDGMENT THAT THE GOODS OR SERVICES PROVIDED TO THE CORPORATION ARE, OR THE TRANSACTION IS, ON TERMS NO LESS ADVANTAGEOUS TO THE CORPORATION THAN THE TERMS AVAILABLE TO THE CORPORATION FROM THIRD PARTIES. MOREOVER, THE CORPORATION ANTICIPATES THAT ANY SUCH ACQUISITION MAY BE ON TERMS THAT ARE MORE ADVANTAGEOUS TO THE CORPORATION THAN THOSE GENERALLY EXTENDED BY THIRD PARTIES. IF AN INTERESTED PARTY OFFERS TERMS WHICH ARE AS ADVANTAGEOUS TO THE CORPORATION AS TERMS OFFERED BY ANOTHER VENDOR, THE CORPORATION MAY, BUT SHALL NOT BE REQUIRED TO, CONSIDER OTHER BENEFITS DERIVED BY IT FROM THE INTERESTED PARTY (E.G., PAST OR ANTICIPATED SERVICES RENDERED OR FINANCIAL SUPPORT) IN SELECTING BETWEEN OTHERWISE EQUALLY DESIRABLE VENDORS. 3. WHENEVER THE CORPORATION IS CONSIDERING ACQUIRING GOODS OR SERVICES FROM, OR ENTERING INTO A TRANSACTION WITH AN INTERESTED PARTY, THE DETAILS THAT CREATE THE INTERESTED PARTY RELATIONSHIP SHALL BE DISCLOSED TO THE CORPORATION IN WRITING. A COPY OF THE DISCLOSURE SHALL BE SUPPLIED TO THE CONFLICT OF INTEREST COMMITTEE (THE COMMITTEE) REFERRED TO BELOW. 4. THE CORPORATION SHALL ENTER INTO A TRANSACTION WITH AN INTERESTED PARTY (AN INTERESTED PARTY TRANSACTION) ONLY IF EITHER THE BOARD OF TRUSTEES (THE MAJORITY THEN SERVING) OR THE COMMITTEE (THE MAJORITY THEN SERVING) IS MADE AWARE OF THE INFORMATION REFERRED TO IN SUBSECTION 2 AND APPROVES THE TRANSACTION AS BEING FAIR TO AND IN THE BEST INTERESTS OF THE CORPORATION. ADDITIONALLY, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES IN GRANTING THE APPROVAL CONTEMPLATED BY THIS PARAGRAPH. FOR PURPOSES OF THE PRECEDING TWO SENTENCES, ANY TRUSTEE, EXECUTIVE COMMITTEE MEMBER OR COMMITTEE MEMBER WHO IS (OR HAS AN INTEREST IN OR IS RELATED TO) THE EXECUTIVE COMMITTEE MEMBER OR COMMITTEE MEMBER THEN SERVING (INCLUDING, WITHOUT LIMITATION, FOR THE PURPOSE OF DETERMINING A QUORUM), SHALL NOT PARTICIPATE IN THE VOTE ON THE TRANSACTION AND SHALL NOT ATTEND THE MEETING WHILE APPROVAL OF THE TRANSACTION IS CONSIDERED. NOTWITHSTANDING THE FOREGOING, HOWEVER, PRIOR APPROVAL OF THE BOARD OF TRUSTEES OR THE COMMITTEE SHALL NOT BE REQUIRED IF (A) EMERGENCY CIRCUMSTANCES MAKE SUCH APPROVAL IMPRACTICAL (IN WHICH EVENT THE TRANSACTION SHALL BE REPORTED TO THE BOARD OF TRUSTEES PROMPTLY AFTER FACT), OR (B) IF THE TRANSACTION FALLS BELOW A DE MINIMIS THRESHOLD ESTABLISHED BY THE BOARD OF TRUSTEES OR THE COMMITTEE. 5. THE BOARD SHALL CREATE A STANDING CONFLICT OF INTEREST COMMITTEE (THE COMMITTEE) CONSISTING OF MEMBERS OF THE BOARD TO WHICH THE BOARD DELEGATES RESPONSIBILITIES TO: A. DEVELOP PROCEDURES AND GUIDELINES (COLLECTIVELY CALLED POLICIES) REGARDING INTERESTED PARTY TRANSACTIONS. SUCH POLICIES SHALL BE REPORTED TO THE BOARD OF TRUSTEES. POLICIES ADOPTED BY THE COMMITTEE SHALL BE BINDING UPON THE CORPORATION UNLESS DISAPPROVED BY THE BOARD OF TRUSTEES; B. MONITOR TRANSACTIONS WITH INTERESTED PARTIES; C. MAKE SUCH RECOMMENDATIONS AS IT MAY DEEM APPROPRIATE FROM TIME TO TIME FOR ACTIONS TO BE TAKEN BY THE EXECUTIVE COMMITTEE OR THE BOARD OF TRUSTEES WITH RESPECT TO INTERESTED PARTY TRANSACTIONS; D. INTERPRET THIS ARTICLE OF THE BYLAWS; E. ESTABLISH SUCH CRITERIA AS IT MAY DEEM APPROPRIATE FOR DE MINIMIS TRANSACTIONS THAT NEED NOT BE APPROVED HEREUNDER; AND F. REPORT AT LEAST ONCE IN EACH CALENDAR YEAR TO THE BOARD OF TRUSTEES ON THE ACTIVITIES. POLICIES OF CONFLICT OF INTEREST COMMITTEE OF THE ABRAMSON CENTER APPROVED BY THE BOARD OF TRUSTEES MAY 11, 2011 THE CONFLICT OF INTEREST COMMITTEE OF THE ABRAMSON CENTER FOR JEWISH LIFE HEREBY ADOPTS THE FOLLOWING POLICIES PURSUANT TO ARTICLE XII, SECTION 5(A) OF THE CORPORATION'S BYLAWS. THE COMMITTEE WILL GENERALLY APPROVE AN INTERESTED PERSON RELATIONSHIP ONLY IF IT IS MORE ADVANTAGEOUS TO THE CENTER THAN IS OTHERWISE AVAILABLE FROM THIRD PARTIES IN THE COMMITTEE'S JUDGMENT, CONSIDERING PRICE AND ALL OTHER RELEVANT ASPECTS OF VALUE. SUPPLEMENTING BUT NOT LIMITING THE PROVISION OF THE BYLAWS, AN "INTERESTED PARTY" SHALL INCLUDE "FAMILY MEMBERS" OF AN INDIVIDUAL. FAMILY MEMBERS SHALL INCLUDE ONLY AN INDIVIDUAL'S SPOUSE, ANCESTORS (PARENTS, GRANDPARENTS, ETC.), BROTHERS AND SISTERS (WHETHER WHOLE OR HALF BLOOD), CHILDREN (WHETHER NATURAL OR ADOPTED), GRANDCHILDREN, GREAT-GRANDCHILDREN, AND SPOUSES OF BROTHERS, SISTERS, CHILDREN, GRANDCHILDREN, AND GREAT-GRANDCHILDREN. "INTERESTED PARTY" SHALL ALSO INCLUDE ANY ENTITY IN WHICH AN INDIVIDUAL AND HIS OR HER FAMILY MEMBERS TOGETHER HOLD AN EQUITY INTEREST OF 35% OR MORE. BEFORE A PERSON IS NOMINATED AS TRUSTEE OR HONORARY TRUSTEE, REASONABLE EFFORTS SHOULD BE MADE TO DETERMINE IF THE PERSON'S ELECTION WILL CREATE AN INTERESTED PARTY RELATIONSHIP. AMONG OTHER STEPS, THE PROSPECTIVE NOMINEE SHOULD BE REQUESTED TO REVIEW THE LIST OF THE CENTER'S VENDORS AND DISCLOSE ANY CONNECTION HE OR SHE HAS WITH ANY VENDOR OTHER THAN A CUSTOMER IN THE ORDINARY COURSE OF BUSINESS. IF THE POTENTIAL NOMINEE'S ELECTION WOULD CREATE AN INTERESTED PARTY RELATIONSHIP, THE PERSON SHOULD BE ENCOURAGED TO SUPPORT THE CENTER BY JOINING A COMMITTEE OR PARTICIPATING IN PROJECTS AS A VOLUNTEER BUT NOT BECOME A BOARD MEMBER. IF, NONETHELESS, IT APPEARS APPROPRIATE TO NOMINATE THE PERSON AS A BOARD MEMBER, THE PREFERENCE SHOULD BE TO NOMINATE HIM OR HER AS AN HONORARY TRUSTEE RATHER THAN A TRUSTEE. IN NO EVENT SHOULD A PERSON BE NOMINATED AFTER THE DATE OF THE ADOPTION OF THIS POLICY TO SERVE AS A TRUSTEE IF THE ANNUAL AMOUNT OF THE CENTER'S PAYMENTS TO THE RELATED ENTITY HAVE EXCEEDED OR ARE EXPECTED TO EXCEED $50,000; PROVIDED THAT STANDING TRUSTEES SHALL NOT BE BARRED FROM CONTINUING TO SERVE AS A TRUSTEE OR HONORARY TRUSTEE. BEFORE AN INTERESTED PARTY RELATIONSHIP IS APPROVED BY THE COMMITTEE, THE STAFF MEMBER OR COMMITTEE PROPOSING THE RELATIONSHIP SHALL ADVISE THE COMMITTEE IN WRITING OF THE REASON(S) FOR THE RECOMMENDATION, ANY ALTERNATIVES CONSIDERED AND THE DUE DILIGENCE USED TO DETERMINE THE RELEVANT FACTS. IF AN INTERESTED PARTY RELATIONSHIP IS APPROVED, THE CENTER SHALL CONDUCT A REQUEST FOR PROPOSAL (RFP) FOR ALTERNATIVE VENDORS FOR THE GOODS OR SERVICES INVOLVED AT LEAST ONCE EVERY TWO YEARS WHENEVER PRACTICAL. THE COMMITTEE RECOGNIZES THAT THERE MAY BE CIRCUMSTANCES WHERE CHANGING VENDORS ON THIS CYCLE IS IMPRACTICAL - E.G. WHERE COUNSEL IS ENGAGED TO REPRESENT THE CENTER IN A LITIGATION WHICH IS NOT CONCLUDED WITHIN TWO YEARS, AND IT WOULD BE INEFFICIENT AND IMPRACTICAL TO CHANGE COUNSEL DURING THE COURSE OF THE LITIGATION. A RELATIONSHIP SHALL NOT BE CONSIDERED AN INTERESTED PARTY RELATIONSHIP IF THE FOLLOWING CRITERIA ARE MET: (1) AN INTERESTED PARTY IS AN EMPLOYEE OF A PUBLICLY OWNED COMPANY (INCLUDING ITS DIRECT OR INDIRECT SUBSIDIARIES), OR A LARGE NON-PROFIT ENTITY SUCH AS A HOSPITAL SYSTEM OR BLUE CROSS AFFILIATE, THAT HAS TRANSACTIONS WITH THE CENTER (THE "VENDOR"), BUT IS NOT A DIRECTOR, OFFICER, TRUSTEE OR HOLDER OF A SIMILAR POSITION WITH THE VENDOR OR ITS RELEVANT BUSINESS UNIT; (2) THE INTERESTED PARTY DOES NOT PARTICIPATE IN CREATING OR SUPERVISING THE VENDOR'S RELATIONSHIP WITH THE CENTER AND RECEIVES NO COMPENSATION RELATING TO OR MEASURED BY SUCH RELATIONSHIP, AND (3) THE RELATIONSHIP WITH THE CENTER PROVIDES AND IS EXPECTED TO PROVIDE LESS THAN 1% OF THE VENDOR'S ANNUAL REVENUE. NOTWITHSTANDING THE FOREGOING, IF THE COMMITTEE BECOMES AWARE OF SUCH A RELATIONSHIP, THE COMMITTEE'S RECORDS SHALL NOTE THE RELEVANT INFORMATION. ALL INTERESTED PARTIES WITH WHOM RELATIONSHIPS ARE APPROVED SHALL BE ADVISED OF THE CENTER'S BYLAWS AND POLICIES RELATING TO INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. MINUTES OF THE COMPENSATION COMMITTEE MEETINGS ARE MAINTAINED. COMPARABILITY DATA IS EMPLOYED AT THE TIME OF HIRE TO ENSURE EXECUTIVES' SALARIES REMAIN WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATION AND DECISION IS MAINTAINED FOR THE CEO POSITION. FOR OTHER KEY EMPLOYEES THE CENTER USES COMPARABILITY DATA TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 9,071,552. MANAGEMENT AND GENERAL EXPENSES 224,737. FUNDRAISING EXPENSES 160,071. TOTAL EXPENSES 9,456,360. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PLEDGES RECEIVABLE 114,625. CHANGE IN VALUE OF BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENTS -38,793. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT -1,706,214. CHANGE IN VALUE OF LIFE INSURANCE POLICY CASH VALUE 20,423. CHANGE IN VALUE OF EQUITY IN SUBSIDIARIES 10,015. ABRAMSON AT HOME LLC 1425 HORSHAM ROAD NORTH WALES PA 19454 271312333 HOME HEALTH & GERIATRIC CARE PA 0 0 MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE MADLYN & LEONARD ABRAMSON CENTER FOR JEWISH LIFE WORKERS' COMPENSATION TRUS 1425 HORSHAM ROAD NORTH WALES PA 194541320 232717561 PROVIDE WORKERS' COMPENSATION BENEFITS PA 501(C)(3) LINE 12A, I MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE 0 ABRAMSON SENIOR CARE FOUNDATION 1425 HORSHAM ROAD NORTH WALES PA 194541320 834603779 FOUNDATION PA 501(C)(3) LINE 7 MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0