2017-11-13T21:40:51-06:00 2016-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2016-01-01 133158502 Royal Charter Properties Inc % PHYLLIS R LANTOS ROYA 2122974356 525 East 68th Street box 156 New York NY 10065 PHYLLIS R LANTOS EVP, CFO & Treasurer 2123056845 2017-11-13 christopher boggs P00032493 3176817000 72.89.28.204 35057220173175000012 2017-11-13 P DFB2C8107C8AA7F0BD8E6A8967089AC851CCB760 050F75853A9F423F493495C03CDD05FDA32C01D0 2016 2017-02-10 21:41:12Z PHYLLIS R LANTOS 525 East 68th Street box 156 New York NY 10065 49894533 false X N/A X 1982 NY TO ACQUIRE AND HOLD INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. 14 12 0 0 0 0 0 46177757 48911862 24151 23900 567849 958771 46769757 49894533 12614000 0 0 0 3192767 3390144 0 0 0 30052044 34140857 45858811 37531001 910946 12363532 114285357 116261180 51081375 40693666 63203982 75567514 ROYAL CHARTER PROPERTIES, INC. WAS INCORPORATED TO ACQUIRE AND HOLD INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. false false 35459160 48911862 Primarily provide residential housing, office and parking to related organizations and their employees. 35459160 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 27 0 true 0 false false false false false false false false false false false X 14 12 true false false false true true true true true false false true true true true true true true true false NY X PHYLLIS R LANTOS 2123056845 525 EAST 68TH STREET New York NY 10065 Peter S Kalikow Chairman 0.25 4.25 X 0 0 0 Bruce Anthony Beal Board of Director 0.02 1.79 X 0 0 0 Jerry I Speyer Vice Chairman 0.25 7.25 X 0 0 0 Brenda N Straus Board of Director 0.02 1.79 X 0 0 0 Raymond J McGuire Board of Director 0.02 2.79 X 0 0 0 Leonard A Wilf Board of Director 0.02 2.79 X 0 0 0 Jeffrey A Harris Board of Director 0.02 4.79 X 0 0 0 John Merow Board of Directors 0.02 3.79 X 0 0 0 Harrison T Lefrak Board of Directors 0.02 1.79 X 0 0 0 Herbert Pardes Board of Directors 0.02 59.98 X 0 2264645 61163 Steven Corwin Board of Directors 0.5 59.5 X 0 5747816 227825 David Koch Board of Directors 0.02 2.79 X 0 0 0 Philip Milstein board of directors 0.02 1.79 X 0 0 0 Richard Segal Board of Directors 0.02 1.79 X 0 0 0 Phyllis RF Lantos EVP, CFO & Treasurer 1.0 59.0 X 0 2640133 57166 Kathleen M Burke Esq VP/Secretary&assoc Gen Counsel 0.5 59.5 X 0 371567 56976 Maxine Frank Esq EVP, CLO & General Counsel 0.5 59.5 X 0 2903648 53303 Joseph Ienuso President 9.0 51.0 X 0 393716 22713 Martin A Cohen SVP thru 8/2016 22.0 38.0 X 0 492094 44525 Maurice Labonne senior vice president 6.0 54.0 X 0 682157 36572 Benito Sequeira Director - Finance Real Estate 35.0 0.0 X 0 202596 29371 CECELIA BROWN DIRECTOR - Leasing 35.0 0.0 X 0 190596 23399 imad saad DIRECTOR - Parking 35.0 0.0 X 0 180130 24904 Edward Cleveland Director - Real Estate 35.0 0.0 X 0 175288 30302 John Mcadams Director - Real Estate 35.0 0.0 X 0 194457 30624 Mark E Larmore FORMER OFFICER 0.0 0.0 X 0 462998 7053 Laura Forese former officer 0.0 60.0 X 0 2744627 224599 0 19646468 930495 0 true true false BAY RESTORATION CORP 32-47 62nd street WOODSIDE NY 11377 CONSTRUCTION SVCS 762601 Flag Waterproofing Restoration Co 10-40 Borden Avenue LONG ISLAND CITY NY 11101 CONSTRUCTION SVCS 715664 SKYLINE RESTORATION WATERPROOFING 11-16 37TH aVENUE LONG ISLAND CITY NY 11101 Construction Svcs 575416 STAR PAINTING RESTORATION CO INC 25 LINDEN STREET LINDENHURST NY 11757 construction svcs 310267 Pullman SST Inc 23 COMMERCE ROAD UNIT C FAIRFIELD NJ 07004 Construction Svcs 479200 24 0 RENTAL INCOME 532000 48911862 48911862 48911862 23900 23900 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 871995 871995 LAUNDRY INCOME 900099 86776 86776 958771 49894533 48911862 982671 0 0 0 0 308155 308155 0 2235417 1756798 478619 175615 139941 35674 497281 404378 92903 173676 120829 52847 11310337 11087523 222814 302782 302782 61949 61949 0 0 0 1566374 1535516 30858 18732 18363 369 4719583 4626608 92975 2298 2253 45 0 8278855 8115762 163093 31939 31310 629 0 34243 33568 675 1807336 1771731 35605 0 5201590 5099119 102471 619597 607391 12206 PERMITS & LICENSES 110242 108070 2172 SETTLEMENT FEES 75000 75000 37531001 35459160 2071841 0 2093025 2021129 0 0 0 0 472875 1111663 0 0 0 0 0 0 0 0 1829473 1813371 179662928 76642717 105591319 103020211 0 0 0 0 800000 800000 0 0 3498665 7494806 114285357 116261180 6470968 5538798 0 0 0 121735 22174032 21334594 0 0 0 0 11291212 11338916 0 0 11145163 2359623 51081375 40693666 X 63203982 75567514 0 0 0 0 63203982 75567514 114285357 116261180 12363532 X false true X true false X X 1 THE NEW YORK AND PRESBYTERIAN HOSPITAL 133957095 3 true 0 0 1 true false false false false false false false false false false false false false false false Part IV, Section C, Line 1 Royal Charter Properties, Inc. (RCPI) is a membership Corporation. Article 1 of the corporations by-laws provide that the members of the corporation shall be ex-officio those members of New York-Presbyterian Foundation, Inc. who are at the time trustees in office of the New York and Presbyterian Hospital, the supported organization. RCPI members elect their board of directors. The board of trustees of The New York and Presbyterian Hospital consists of persons who have first been elected as members of New York-Presbyterian Foundation, Inc., a New York State not-for-profit corporation. RCPI shares a common parent with its supported organization and they are thus controlled in connection with New York-Presbyterian Foundation, Inc. 35516163 35516163 131666273 71156825 60509448 7382227 3825201 3557026 3683964 1660691 2023273 1414301 1414301 103020211 TENANT SECURITY DEPOSITS 2359623 ACCRUED RENT RECEIVABLE 779141 DUE FROM NY PRESBYTERIAN HOSP 3944282 DUE FR ROYAL CHARTER PROP EAST 127640 DUE FROM GRACIE SQUARE HOSP 1500 DUE FROM NYP FUND INC 8618 ASSETS LIMITED AS TO USE 274002 7494806 0 TENANT SECURITY DEPOSIT PAYABLE 2359623 2359623 49641307 49641307 253226 253226 49894533 37277775 37277775 253226 253226 37531001 Part XI Line 4b Recovery of bad debt $253,226 Part XII Line 4b Recovery of bad debt $253,226 true true false false false false false false false Phyllis RF Lantos EVP, CFO & Treasurer 0 968564 0 922949 0 748620 0 26633 0 30533 0 2697299 0 338195 Kathleen M Burke Esq VP/Secretary&assoc Gen Counsel 0 290519 0 69723 0 11325 0 34449 0 22527 0 428543 0 0 Martin A Cohen SVP thru 8/2016 0 217021 0 100867 0 174206 0 21229 0 23296 0 536619 0 0 Maxine Frank Esq EVP, CLO & General Counsel 0 907685 0 766872 0 1229091 0 26862 0 26441 0 2956951 0 230197 Benito Sequeira Director - Finance Real Estate 0 192726 0 1600 0 8270 0 15075 0 14296 0 231967 0 0 Mark E Larmore FORMER OFFICER 0 0 0 0 0 462998 0 7053 0 0 0 470051 0 22998 CECELIA BROWN DIRECTOR - Leasing 0 126985 0 2700 0 60911 0 9891 0 13508 0 213995 0 0 imad saad DIRECTOR - Parking 0 169065 0 2700 0 8365 0 8748 0 16156 0 205034 0 0 Edward Cleveland Director - Real Estate 0 166047 0 2200 0 7041 0 11682 0 18620 0 205590 0 0 Joseph Ienuso President 0 282813 0 110000 0 903 0 0 0 22713 0 416429 0 0 John Mcadams Director - Real Estate 0 182212 0 2700 0 9545 0 12046 0 18578 0 225081 0 0 Laura Forese former officer 0 1154292 0 1090781 0 499554 0 213906 0 10693 0 2969226 0 31530 Maurice Labonne senior vice president 0 547235 0 103207 0 31715 0 6625 0 29947 0 718729 0 0 Herbert Pardes Board of Directors 0 837237 0 910363 0 517045 0 34449 0 26714 0 2325808 0 0 Steven Corwin Board of Directors 0 1811553 0 1884904 0 2051359 0 201786 0 26039 0 5975641 0 261884 Part VII & Schedule J, Supplemental Information Royal Charter Properties, Inc. (the "Corporation") has no employees. Certain individuals identified herein as Officers, Key employees and Highest Compensated Employees of the Corporation are employed and compensated by a related organization, The New York and Presbyterian Hospital (the "Hospital"). These individuals perform services for the Corporation, and in some cases other related organizations, by arrangement between the Hospital and such organization(s). The officers and key employees identified in Part VII are responsible for executing the mission and management of The New York and Presbyterian Hospital (NYP) and its affiliated entities. Compensation for 2016 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. Each of the officers and key employees listed devotes an average of sixty hours per week to perform his or her responsibilities for the reporting entity and other related organizations in the aggregate. Part I, Line 4a: Martin Cohen received 165,865 in Severance Pay effective 7/18/2016. Cecelia Brown received 60,427 in severance pay effective 9/18/2016. Mark Larmore received 440,000 in severance pay. Part I, Line 4B: Participated in Supplemental Nonqualified Retirement plan: Steven Corwin: 168,034 Laura Forese: 179,457 Part I Line 4b: Supplemental Nonqualified Retirement Plan as reported on the W-2: Steven Corwin: 1,551,039 Phyllis Lantos: 566,306 Maxine Frank: 1,073,563 Mark Larmore: 22,998 Laura Forese: 302,316 Herbert Pardes: 219,333 A build nyc resource corporation 454040561 12008FAM5 2012-06-29 26347340 current refunding of 2001 bonds false false false A 4035000 0 26247340 0 0 0 524947 329970 0 0 25392790 0 2012 true false true true A 0 A false true false false false false 0 false 0 false true A true Part VI, Section A, Line 2: Jerry Speyer & Leonard Wilf have a business relationship. Part VI, Section A, Line 6, 7A & B: Members: Royal Charter Properties, Inc. has Members. Article I of the corporation by-laws provides that "The Members of the Corporation shall be ex-officio those Members of New York-Presbyterian Foundation, Inc. who are at the time Trustees in office of the New York and Presbyterian Hospital". In 2016 there were 88 Members. There are no classes. The Members have the rights and duties provided under the New York Not-for-Profit Corporation Law, e.g. election of the Directors and approval of the corporate By-laws and amendments thereto. Directors: In 2016 there were 14 Directors. Directors need not be Members, however, a majority of Directors shall be selected from Members of New York-Presbyterian Foundation, Inc., who are at the time Trustees in office of the New York and Presbyterian Hospital. In 2016 there were 14 Directors, all of whom were Members of the Foundation and Trustees of the New York and Presbyterian Hospital. The Directors are elected each year by the Members. There are no classes. Directors are elected each year by the Members. Part VI, Section B, Line 11A & B: Finance coordinated and completed all of the information required for form 990 accessing various resources including legal, human resources, development, and other departments as needed. Senior Finance executives complete a review of the return in conjunction with Ernst & Young U.S. LLP, paid preparer, prior to submission to the chairman of the Audit and Corporate Compliance Committee of the Board. The chairman of the audit and corporate compliance committee conducts a detailed review. Upon completion of the audit chairman's review and approval, the 990 is presented, reviewed, and made available to the governing body at the Royal Charter Properties, Inc. board meeting preceding the filing. Royal Charter Properties, Inc. files the 990 upon final approval. Part VI, Section B, Line 12c: Royal Charter Properties, Inc., a related organization of the New York and Presbyterian Hospital, adheres to a conflict of interest (COI) policy that has been adopted by the board of royal charter properties inc. The policy states in part: "Each Board Member, Officer or Key Person of the New York and Presbyterian Organization shall complete a conflict of interest questionnaire prior to becoming a Board Member, Officer or Key Person of the New York and Presbyterian Organization and annually thereafter." The policy also states that "each Board Member, Officer, or Key Person shall promptly advise the Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, of any changes to the information provided in that individual's last completed conflict of interest questionnaire." The Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, shall review all completed questionnaires and all subsequent advice of changes and shall take such action as is deemed appropriate to eliminate potentials for conflicts of interest, including such steps as reassignment of responsibilities or establishment of protective arrangements. All disclosures of interests in completed questionnaires or subsequent advice, unless clearly irrelevant or immaterial, shall be compiled and reported by management to the Audit and Corporate Compliance Committee of the Board of the New York and Presbyterian Hospital, together, in each case, with response or recommendation of management. The Audit and Corporate Compliance Committee shall determine whether the reported resolution of issues raised by the disclosures is satisfactory and, if not, shall require such further action as it deems appropriate. Part VI, Section B, Line 15A & B: Royal Charter Properties, Inc. (the "Corporation") has no employees. Certain individuals identified herein as officers, key employees and highest paid employees of the Corporation are employed and compensated by a related organization, The New York and Presbyterian Hospital (the "Hospital"). These individuals perform services for the Corporation, and in some cases other related organizations, by arrangement between the Hospital and such organization(s). As set forth in Schedule R, the Corporation and the Hospital are related organizations. The Executive Compensation process at the New York and Presbyterian Hospital (NYP) is administered by a committee of independent trustees. They follow a Board-approved charter and overall executive compensation philosophy. The charter empowers the NYP Board Compensation Committee to administer the executive compensation program and process on behalf of the full Board of Trustees of NYP. Overall, the philosophy is intended to reward a broad spectrum of high organizational and predetermined, measurable individual performance expectations, as well as to foster the retention of key management talent. NYP's executive compensation philosophy is focused on establishing a performance-oriented philosophy and pay strategy designed to attract, retain and reward top talent. To fulfill their responsibility, the Committee also reviews information from multiple sources of market data. One such market definition is a stable group of large health care systems of similar scale and circumstances. Additional information from not-for-profit systems, for-profits systems and comparably sized publically-traded health care facilities is also used. They use this additional information to support their decisions regarding on-going administration of the program. The Compensation Committee is comprised of independent members of the Board. They meet three to four times per year and make all critical decisions in executive session. These decisions are documented in minutes which are approved in subsequent meetings. The Committee is empowered to, and does, engage outside counsel and consulting support. The above described Executive Compensation Process is an ongoing process, applied annually on a calendar year basis, to all vice presidents, senior vice presidents, group senior vice presidents, executive vice presidents, as well as the chief executive officer and president. Compensation for 2016 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. Part VI, Section C, Line 19: External requests for our governing documents, conflict of interest policy, and financial statements are reviewed for validity. These requests are then granted if deemed appropriate. 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