2020-11-11T11:02:16-06:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-01-01 112925535 THE SILVERCREST CENTER FOR NURSING AND REHABILITATION SILV 7184804065 144-45 87TH AVENUE JAMAICA NY 114353109 ELIAS M NEMNOM VICE PRESIDENT/CFO 7184804065 2020-11-11 1 GARRETT M HIGGINS P00543209 9143818900 2020-11-08 24.190.81.120 2020-11-11 11:02:11 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2019 2021-01-29 14:40:06Z ELIAS M NEMNOM 144-45 87TH AVENUE JAMAICA NY 114353109 58129139 0 X WWW.SILVERCREST.ORG X 1990 NY SKILLED NURSING FACILITY 11 5 555 13 0 0 182768 1241269 57741829 56207745 83412 23939 643616 570052 58651625 58043005 0 0 0 0 37586905 36677807 0 0 0 27398866 21261138 64985771 57938945 -6334146 104060 30396754 31292839 30248060 32375023 148694 -1082184 X SEE SCHEDULE OSILVERCREST CENTER FOR NURSING AND REHABILITATION LOCATED IN QUEENS,NEW YORK HAS CHOSEN AS OUR MISSION TO PROVIDE A CONTINUUM OF CARE THROUGH DIVERSE PROGRAMS THAT PROVIDE QUALITY HEALTH CARE AND PROMOTE INDEPENDENCE AND DIGNITY FOR ALL, IN AN ENVIRONMENT WHERE LEADERSHIP IS BY EXAMPLE, KNOWLEDGE IS SHARED, CREATIVITY IS SOUGHT AFTER ANDCONTINUED EDUCATION IS PROMOTED. SIMPLY PUT, "GIVING QUALITY TO LIFE". 0 0 51585487 56207745 SCNR IS A SKILLED NURSING FACILITY FOR 320 RESIDENTS THAT PROVIDES VENTILATOR-RESPIRATORY CARE, SHORT-TERM REHABILITATION AND LONG-TERM CARE FOR ALZHEIMER AND GERIATRIC PATIENTS. IN 2019, WE HAD 1,138 ADMISSIONS AND DISCHARGED 1,126 RESIDENTS BACK TO THEIR HOMES. WE RENDERED A TOTAL OF 110,137 DAYS OF RESIDENT CARE. 51585487 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 28 0 555 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 5 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ELIAS M NEMNOM VICE PRESIDENTCFO 7184804065 144-45 87TH AVENUE JAMAICA NY 114353109 JACKLYN MUCARIA TRUSTEE 1.00 59.00 X 0 1450657 72031 GARY J ZUAR CHAIRMAN 1.00 59.00 X X 0 1358810 79367 MICHAEL J FOSINA TRUSTEE 1.00 59.00 X 0 815424 79748 KEVIN J WARD CPA TREASURER 3.00 57.00 X 0 600764 78947 BURAK MALATYALI TRUSTEE 1.00 59.00 X 0 570970 78595 WILLIAM P WISSEMANN ESQ SR. BP/ GEN COUNS/SECRETARY 2.00 58.00 X 0 460215 71943 KATHLEEN M BURKE ESQ TRUSTEE 1.00 59.00 X 0 438615 48006 MICHAEL TRETOLA FACHE PRESIDENT/CEO 50.00 10.00 X 391806 0 24632 ELIAS M NEMNOM VP/CFO 59.00 1.00 X 333084 0 46356 DANIEL M RUSSO MD VP/CHIEF MEDICAL OFFICER 60.00 X 335473 0 25571 MICHELLE YUEN ASSISTANT SECRETARY 1.00 59.00 X 0 247802 50963 NATASHA ELIE-LOUISSAINT LNHA VP/CHIEF OPERATING OFFICER 55.00 5.00 X 232600 0 27435 MARGARET MAXWELL-WELLINGTON DIRECTOR OF NURSING 60.00 X 180299 0 38933 KAREN DIKEMAN AVP REHABILIATION 60.00 X 147640 0 38130 DENISE LAWSON DR. OF PERFORMANCE IMPROVEMENT 60.00 X 144676 0 31247 PEACHES SMITH-GRINION EDUCATOR 60.00 X 124714 0 5758 STEPHEN S MILLS FACHE VICE CHAIRMAN 10.00 50.00 X X 0 114509 0 ALEXANDER DIPAOLO CPA TRUSTEE/CHAIRMAN OF AUDIT 4.00 X 0 0 0 REGINA PERGUGGI EDD TRUSTEE 1.00 X 0 0 0 ANNE ALEXIS COTE TAYLOR TRUSTEE 3.00 X 0 0 0 FRANK CORIGLIANO TRUSTEE 1.00 X 0 0 0 CESAR PEREZ TRUSTEE 1.00 X 0 0 0 1890292 6057766 797662 62 0 1 0 MORRISON MANAGEMENT 400 NORTHRIDGE RD STE 600 SANDYS SPRINGS GA 30350 FOOD SERVICES 4094136 AFFINITY REHABILITATION LLP 10600 YORK ROAD SUITE 10 COCKEYSVILLE MD 21030 NURSING SERVICES 331604 QUALITY MEDICAL GROUP 50 RANDOLPH RD A2 SOMERSET NJ 08873 MEDICAL EQUIPMENT SERVICE AND REPAIRS 124931 PARADIGM HEALTH GROUP LLC 2 INTERNATIONAL DRIVE SUITE 305 PORTSMOUTH NH 03801 NURSING SERVICES 110153 4 116865 1104404 20000 1241269 MEDICAID 623000 42903159 42903159 MEDICARE 623000 8340413 8340413 PRIVATE, PATIENT, AND OTHER 623000 4884173 4884173 RENTAL INCOME FROM AFFILIATE 623000 80000 80000 56207745 23939 23939 17400 116865 86134 -68734 -68734 CAFETERIA INCOME 900099 291597 291597 MANAGEMENT FEES 900099 221000 221000 RECOVERY OF BAD DEBT 900099 69061 69061 57128 57128 638786 58043005 56207745 0 593991 X 1156922 381784 775138 24421294 23455908 965386 2732649 2587218 145431 5969688 5581283 388405 2397254 2234185 163069 230118 230118 103060 103060 6149 6149 4174 4174 7400933 5660666 1740267 3158 3158 1518190 1178211 339979 75490 952 74538 871853 816933 54920 26903 200 26703 149230 149230 1620775 1568397 52378 1092358 1092358 NYS CASH RECEIPTS ASSES 3318950 3318950 MEDICATIONS AND MEDICAL 3210691 3210691 OTHER DIRECT EXPENSES 1402070 1363073 38997 REPAIRS AND MAINTENANCE 227036 227036 57938945 51585487 6353458 0 1940 6507 2941079 2237832 8439761 6323977 51150 81302 147639 169001 60666657 45020628 14189033 15646029 4626152 6828191 30396754 31292839 10591930 7544283 13737015 317960 221727 961968 17383840 4639187 7225173 30248060 32375023 X 123686 -1102184 25008 20000 148694 -1082184 30396754 31292839 X 104060 -1334938 X X 0 1 X 1 0 X 2138660 188322 910810 182768 1241269 4661829 53290471 55070191 56204062 57741829 56207745 278514298 55429131 55258513 57114872 57924597 57449014 283176127 25000 28541 493 28508 20250 102792 0 25000 28541 493 28508 20250 102792 283073335 106515 29259 43520 83412 23939 286645 106515 29259 43520 83412 23939 286645 654117 645270 680549 667979 638786 3286701 56189763 55933042 57838941 58675988 58111739 286749473 0.98720 0.98690 0.00100 0.00130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CAFETERIA - 2015 AMOUNT: $ 241,821. 2016 AMOUNT: $ 297,438. 2017 AMOUNT: $ 327,866. 2018 AMOUNT: $ 288,687. 2019 AMOUNT: $ 291,597. MANAGEMENT FEES - 2015 AMOUNT: $ 221,000. 2016 AMOUNT: $ 221,000. 2017 AMOUNT: $ 221,000. 2018 AMOUNT: $ 221,000. 2019 AMOUNT: $ 221,000. OTHER REVENUE - 2015 AMOUNT: $ 25,132. 2016 AMOUNT: $ 7,833. 2017 AMOUNT: $ 9,764. 2018 AMOUNT: $ 8,817. VENDING AND MISC - 2015 AMOUNT: $ 15,930. 2016 AMOUNT: $ 2,257. 2017 AMOUNT: $ 28,817. 2018 AMOUNT: $ 95,246. 2019 AMOUNT: $ 48,190. REBATES - 2015 AMOUNT: $ 91,403. 2016 AMOUNT: $ 68,200. 2017 AMOUNT: $ 65,825. 2018 AMOUNT: $ 33,383. REFUNDS - 2015 AMOUNT: $ 37,523. 2016 AMOUNT: $ 8,198. 2017 AMOUNT: $ 10,740. 2018 AMOUNT: $ 2,950. MEDICAL RECORDS - 2015 AMOUNT: $ 21,308. 2016 AMOUNT: $ 40,344. 2017 AMOUNT: $ 16,537. 2018 AMOUNT: $ 17,896. INSURANCE CLAIMS - 2019 AMOUNT: $ 8,938. RECOVERY OF BAD DEBT - 2019 AMOUNT: $ 69,061. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 6149 6149 0 PART II-B, LINE 1: PORTION OF DUES PAID TO NURSING HOME ASSOCIATIONS, AND NY PRESBYTERIAN DUES THAT WAS USED FOR LOBBYING. 0 1 X 1713566 1713566 33375667 24959569 8416098 24831648 19343662 5487986 745776 717397 28379 15646029 RESIDENT TRUST FUNDS 235324 DUE FROM RELATED ORGANIZATIONS 1483012 OTHER LONG TERM ASSETS 2246000 DUE FROM THIRD PARTIES 2199348 WORKERS COMPENSATION 664507 6828191 DUE TO THIRD PARTIES 1884087 OTHER LONG TERM LIABILITIES 2246000 DUE TO RELATED ORGANIZATIONS 3095086 7225173 X 58651102 773158 773158 57877944 165061 165061 58043005 60290335 2516451 2516451 57773884 165061 165061 57938945 PART IV, LINE 2B: FUNDS FOR THE PERSONAL USE OF RESIDENTS AND FUNDS RECEIVED AS SECURITY DEPOSITS FOR SERVICES ARE HELD IN TRUST FOR THEM BY SILVERCREST. THESE FUNDS ARE SEGREGATED IN A SEPARATE INTEREST-BEARING ACCOUNT FOR THE RESIDENTS' BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO DECEMBER 31, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED SUBSIDIARY 773,158. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION DUE TO CONSOLIDATION 96,000. RECOVERY OF BAD DEBT REPORTED ON PART VIII, LINE 11 69,061. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED SUBSIDIARY 1,181,513. LOSS ON EARLY EXTINGUSHMENT OF DEBT 1,334,938. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION DUE TO CONSOLIDATION 96,000. RECOVERY OF BAD DEBT REPORTED ON PART VIII, LINE 11 69,061. ANNUAL GOLF CLASSIC 134265 116865 17400 86134 134265 116865 17400 86134 86134 -68734 X X X X 1 1 0 0 0 0 0 1 0 JACKLYN MUCARIA TRUSTEE 0 718553 0 351063 0 381041 0 25000 0 47031 0 1522688 0 89986 GARY J ZUAR CHAIRMAN 0 710448 0 431125 0 217237 0 40534 0 38833 0 1438177 0 2844 MICHAEL J FOSINA TRUSTEE 0 520675 0 248936 0 45813 0 33020 0 46728 0 895172 0 0 KEVIN J WARD CPA TREASURER 0 502478 0 71628 0 26658 0 39292 0 39655 0 679711 0 0 BURAK MALATYALI TRUSTEE 0 410419 0 124006 0 36545 0 37972 0 40623 0 649565 0 0 WILLIAM P WISSEMANN ESQ SR. BP/ GEN COUNS/SECRETARY 0 379796 0 64304 0 16115 0 47392 0 24551 0 532158 0 0 KATHLEEN M BURKE ESQ TRUSTEE 0 318373 0 98760 0 21482 0 25000 0 23006 0 486621 0 0 MICHAEL TRETOLA FACHE PRESIDENT/CEO 344391 0 47415 0 0 0 22400 0 2232 0 416438 0 20000 0 ELIAS M NEMNOM VP/CFO 311334 0 21750 0 0 0 22400 0 23956 0 379440 0 24500 0 DANIEL M RUSSO MD VP/CHIEF MEDICAL OFFICER 313766 0 21707 0 0 0 22400 0 3171 0 361044 0 23140 0 MICHELLE YUEN ASSISTANT SECRETARY 0 247590 0 0 0 212 0 29770 0 21193 0 298765 0 0 NATASHA ELIE-LOUISSAINT LNHA VP/CHIEF OPERATING OFFICER 215345 0 17255 0 0 0 18000 0 9435 0 260035 0 17750 0 MARGARET MAXWELL-WELLINGTON DIRECTOR OF NURSING 168064 0 12235 0 0 0 13813 0 25120 0 219232 0 4200 0 KAREN DIKEMAN AVP REHABILIATION 145140 0 2500 0 0 0 11977 0 26153 0 185770 0 8523 0 DENISE LAWSON DR. OF PERFORMANCE IMPROVEMENT 139676 0 5000 0 0 0 6467 0 24780 0 175923 0 21700 0 PART I, LINES 4A-B MR. GARY ZAUR AND MS. JACLYN MUCARIA RECEIVED PAYMENTS FROM A SUPPLEMENTAL ("NON-QUALIFIED") RETIREMENT PLAN IN THEIR 2019 W-2S. THE AMOUNTS ARE $123,050 AND $296,619. MR. STEPHEN MILLS RECEIVED SEVERANCE OF $113,912 WHICH HE RECEIVED IN HIS 2019 W-2. PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED A BOARD APPROVED BONUS BASED ON PERFORMANCE: - MICHAEL TRETOLA - ELIAS M. NEMNOM - DANIEL M. RUSSO, MD - NATASHA ELIE-POUISSAINT, LNHA - MARGARET MAXWELL-WELLINGTON - KAREN DIKEMAN - DENISE LAWSON SCHEDULE J, PART I: CERTAIN OFFICERS AND KEY EMPLOYEES OF THE NEW YORK PRESBYTERIAN HOSPITAL THAT ARE IDENTIFIED IN PART VII AS OFFICERS OR TRUSTEES OF THE SILVERCREST CENTER FOR NURSING AND REHABILIATION ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2019 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE-ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. THE INDIVIDUALS LISTED IN PART VII THAT ARE COMPENSATED BY NEW YORK PRESBYTERIAN HOSPITAL DEVOTE AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM THEIR RESPONSIBILITIES FOR THE NEW YORK PRESBYTERIAN HOSPITAL AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE. FORM 990, PART VI, SECTION A, LINE 3 THE NEW YORK HOSPITAL MEDICAL CENTER OF QUEENS / NEW YORK-PRESBYTERIAN QUEENS("NYPQ"), A RELATED TAX-EXEMPT ORGANIZATION, PERFORMS MANAGEMENT DUTIES AND DIRECT SUPERVISION, TO THE SILVERCREST CENTER FOR NURSING AND REHABILITATION. THE FEE PAID TO THE NYPQ FOR SERVICES WAS $142,200 DURING THE YEAR ENDED DECEMBER 31, 2019. PLEASE REFER TO PART VII AND SCHEDULE J FOR INDIVIDUALS COMPENSATED BY NYPQ. FORM 990, PART VI, SECTION A, LINE 6 SILVERCREST CENTER FOR NURSING AND REHABILITATION (SILVERCREST) IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC. (SYSTEM INC.). SYSTEM INC. IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS ARE APPOINTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC., WHICH IS ALSO A TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A SILVERCREST IS A MEMBERSHIP CORPORATION, WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN HEALTH CARE SYSTEM, INC., WHOSE MEMBERS ARE SELECTED BY NEW YORK-PRESBYTERIAN FOUNDATION, INC. THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B (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 PERTAIN 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 SILVERCREST, (4) THE MERGER OR CONSOLIDATION OF SILVERCREST WITH ANOTHER ENTITY OR (5) THE DISSOLUTION OF SILVERCREST. 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 SILVERCREST'S CERTIFICATE OF INCORPORATION OR GENERALLY TO MEMBERS OF NOT-FOR-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11B 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 TO AND APPROVED BY THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD AT A MEETING HELD DURING THE MONTH OF OCTOBER. THE 990 IS THEN MADE AVAILABLE TO ALL MEMBERS ELECTRONICALLY OR BY PAPER TO THE BOARD FOR ITS REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, AND ANY OFFICER OR KEY PERSON PRESENTING A PROPOSED TRANSACTION OR OTHER MATTER TO A BOARD, SHALL DISCLOSE PROMPTLY AND IN GOOD FAITH TO THE BOARD SUCH INDIVIDUAL'S INTEREST IN A PROPOSED TRANSACTION OR OTHER MATTER TO BE CONSIDERED BY THE BOARD. THE INDIVIDUAL MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE BOARD OR USE PERSONAL INFLUENCE IN ITS MATTERS. FOLLOWING ANY SUCH DISCLOSURE, AND AFTER SUCH DUE DILIGENCE AND SUCH DEVELOPMENT AND CONSIDERATION OF OTHER ALTERNATIVES, IF ANY, AS THE BOARD SHALL DEEM APPROPRIATE, THE BOARD MAY, IN ITS DISCRETION, AUTHORIZE OR APPROVE THE PROPOSED TRANSACTION OR OTHER MATTER AS AT LEAST AS FAIR AND REASONABLE TO SILVERCREST AS WOULD OTHERWISE BE OBTAINABLE BY SILVERCREST. SUCH ACTIONS SHALL BE BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED PERSON OR PERSONS AND SUCH PERSON OR PERSONS MAY NOT PARTICIPATE IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING. NO EMPLOYEE, MEMBER OF THE MEDICAL STAFF OR ANY OTHER PERSON RECEIVING COMPENSATION DIRECTLY OR INDIRECTLY FROM A SILVERCREST ORGANIZATION SHALL SERVE AS A MEMBER OF A BOARD COMMITTEE RESPONSIBLE FOR AUDIT AND CORPORATE COMPLIANCE OR EXECUTIVE COMPENSATION MATTERS. UPON REASONABLE BELIEF THAT A BOARD MEMBER, OFFICER OR KEY PERSON FAILED TO COMPLY WITH THE POLICIES AND DIRECTIVES SET FORTH IN THIS POLICY STATEMENT, THE BOARD OF SILVERCREST OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF SILVERCREST SHALL INFORM THE INDIVIDUAL OF THE BASIS OF THE BELIEF AND PROVIDE AN OPPORTUNITY TO EXPLAIN THE NONCOMPLIANCE. IF AFTER HEARING THE RESPONSE FROM THE INDIVIDUAL AND MAKING FURTHER APPROPRIATE INVESTIGATIONS, THE BOARD OR AUDIT AND CORPORATE COMPLIANCE COMMITTEE DETERMINES THAT THE INDIVIDUAL HAS, IN FACT, FAILED TO COMPLY WITH SUCH POLICIES AND DIRECTIVES, IT SHALL TAKE OR RECOMMEND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES AND REVIEWS COMPENSATION PACKAGES FOR EXECUTIVE STAFF AND KEY EMPLOYEES INCLUDING FRINGE BENEFITS UPON HIRE AND ANNUALLY. THE FOLLOWING POSITIONS ARE CONSIDERED EXECUTIVE AND KEY STAFF: -CEO, CFO, MEDICAL DIRECTOR, AVP REHABILITATION, COO, VP NURSING, AVP CONTROLLER, DIRECTOR OF PERFORMANCE IMPROVEMENT THE LAST REVIEW WAS CONDUCTED IN 2019. A REVIEW OF SIMILAR AGENCIES IN COMPARABLE GEOGRAPHIC SETTINGS IS USED TO ESTABLISH SALARY RANGES. THIS MEETING OF THE COMPENSATION COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 242,265. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 242,265. CONSULTANTS: PROGRAM SERVICE EXPENSES 114,343. MANAGEMENT AND GENERAL EXPENSES 357,931. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 472,274. THERAPISTS: PROGRAM SERVICE EXPENSES 329,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 329,141. RNS AND LPNS: PROGRAM SERVICE EXPENSES 48,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,897. PURCHASED AND CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 4,680,253. MANAGEMENT AND GENERAL EXPENSES 564,798. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,245,051. LAB, X-RAY, AND SPECIALTY SERVICES: PROGRAM SERVICE EXPENSES 245,767. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 245,767. BILLING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 817,538. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 817,538. FORM 990, PART XI, LINE 9: LOSS ON EARLY EXTINGUSHMENT OF DEBT -1,334,938. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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