2017-11-14T06:04:12-06:00 2016-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-01-01 134078893 Kenneth Gladstone Building Housing Development Fund Company Inc KENN 2128705000 120 West 106th Street New York NY 10025 Elliot J Hagler CFO 2128705000 2017-11-13 1 Aaron Shapiro P01333816 2128674000 38.98.118.70 2017-11-13 13:09:06 ES P D7076C0EC39B17C3336BFEA465ABF20A32036F2A 73A2BDB4DEE3E1301F7FB9DCBA9193E2BC5F7900 2016 2017-02-10 21:41:12Z The New Jewish Home Kenneth Gladstone Building Elliot J Hagler 120 West 106th Street New York NY 10025 898223 0 X www.jewishhome.org X 1997 NY The Kenneth Gladstone Building provides safe, affordable, independent apartment living for income-eligible older adults. 5 4 19 4 0 0 4000 0 941842 892737 5052 5424 0 62 950894 898223 0 0 0 0 142050 131999 0 0 0 740939 794790 882989 926789 67905 -28566 8300013 8377207 8018166 8123926 281847 253281 The Kenneth Gladstone Building Housing Development Fund Company, Inc. (d/b/a The New Jewish Home, Kenneth Gladstone Building) (the "Gladstone Building") provides safe, affordable, and independent apartment living for income-eligible older adults. 0 0 694499 892737 The Gladstone Building, an affiliate of Jewish Home Lifecare (d/b/a The New Jewish Home), reflects Jewish Home's commitment to providing affordable housing with supportive services in the community. This is Jewish Home's second Housing and Urban Development (HUD) Section 202 rent-subsidized housing for low-income seniors. The 49 one-bedroom apartment building features community spaces, laundry, parking and landscaped grounds. All apartments have full kitchens and are adaptable for use by disabled persons. The Gladstone Building, located at 2620 University Avenue, Bronx, NY, opened in 2005. 694499 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 19 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Elliot Hagler 2128705973 120 West 106th Street New York NY 10025 Elizabeth Grayer Chair 0.25 6.50 X X 0 0 0 Michael Luskin Vice Chair 0.25 3.50 X X 0 0 0 Lynn Oberlander Secretary 0.25 3.50 X X 0 0 0 David Haas Treasurer 0.25 3.50 X X 0 0 0 Audrey S Weiner President and CEO 0.10 37.40 X X 0 2113558 345384 Thomas J Gilmartin Chief Administrative Officer 0.10 37.40 X 0 519030 188526 Elliot J Hagler Chief Financial Officer 0.10 37.40 X 0 227974 12192 Jacob Victory Chief Operating Officer 0.10 37.40 X 0 227973 6634 Gabrielle K Genauer Vice President Legal 0.10 37.40 X 0 185761 27433 Audrey Wathen Senior VP Human Resources 0.10 37.40 X 0 347338 29810 Bruce Nathanson Senior VP Marketing 0.10 37.40 X 0 199612 34919 Nancy Stoddard Vice President IT 0.10 37.40 X 0 275085 50957 Firouzeh Naima Director of Finance 0.10 37.40 X 0 187784 25631 Regina Melly VP Business Development 0.10 37.40 X 0 379296 18386 Maryanne Morgan Director of Finance 0.10 37.40 X 0 183537 34385 Robert Lanfranchi IT Director 0.10 37.40 X 0 225184 0 Svetlana DeBellis VP Managed Care 0.10 37.40 X 0 218923 48886 Victoria Izraylevsky Director of Human Resources 0.10 37.40 X 0 201186 48064 Richard Mato Director of Finance 0.10 37.40 X 0 182330 0 Elizabeth Weingast VP of Clinical Excellence 0.10 37.40 X 0 175114 57462 0 5849685 928669 0 0 1 0 Aargo Services Inc 112 East 128th Street New York NY 10035 Security service 134324 1 Apartment rentals 532000 892737 892737 892737 5424 5424 Miscellaneous 900099 62 62 62 898223 892737 0 5486 X 117514 54568 62946 229 70 159 14256 4386 9870 84480 84480 1547 1547 34280 34280 183453 183453 11459 4913 6546 206088 206088 236866 236866 Administrative 17435 17435 Bad debts 15027 15027 Miscellaneous 4155 4155 926789 694499 232290 0 163032 84603 861513 549828 6222 13814 2447 2000 10176153 2449191 7266559 7726962 240 8300013 8377207 370747 475069 2959 2292 11401 11409 7610300 7610300 22759 24856 8018166 8123926 X 200730 171583 81117 81698 281847 253281 8300013 8377207 -28566 0 X X 0 1 X 1 1 1 X 4000 4000 563982 556122 906447 941842 892737 3861130 563982 556122 906447 945842 892737 3865130 0 0 0 3865130 2628 2779 3573 5052 5424 19456 2628 2779 3573 5052 5424 19456 43 62 105 566610 558901 910063 950894 898223 3884691 0.99500 0.99560 0.00500 0.00440 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous 0 1 X 40000 40000 9183071 2391467 6791604 73758 57724 16034 879324 879324 7726962 Due to related organizations 24856 24856 X 922625 24402 24402 898223 0 898223 951191 24402 24402 926789 0 926789 Part IV, Line 2b: Gladstone Building is required to place tenant security deposits into an interest-bearing account. All tenant security deposits are considered the property of the tenant and may not be commingled with personal monies or become an asset of Gladstone Building. Upon cessation of each tenant's stay at Gladstone Building, the security deposit is returned to the tenant or a family member. Part X, Line 2: Gldstone Building has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending for the years December 31, 2013 and subsequent remain subject to examination by applicable taxing authorities. Part XI, Line 2d - Other Adjustments: Administrative rent-free unit 24,402. Part XII, Line 2d - Other Adjustments: Administrative rent-free unit 24,402. 0 1 0 0 0 0 0 0 0 Audrey S Weiner President and CEO 0 616997 0 320000 0 1176561 0 326763 0 18621 0 2458942 0 0 Thomas J Gilmartin Chief Administrative Officer 0 290497 0 200000 0 28533 0 157909 0 30617 0 707556 0 27193 Elliot J Hagler Chief Financial Officer 0 226634 0 0 0 1340 0 0 0 12192 0 240166 0 0 Jacob Victory Chief Operating Officer 0 227661 0 0 0 312 0 0 0 6634 0 234607 0 0 Gabrielle K Genauer Vice President Legal 0 185605 0 0 0 156 0 0 0 27433 0 213194 0 0 Audrey Wathen Senior VP Human Resources 0 229528 0 114000 0 3810 0 16639 0 13171 0 377148 0 0 Bruce Nathanson Senior VP Marketing 0 197633 0 0 0 1979 0 12509 0 22410 0 234531 0 0 Nancy Stoddard Vice President IT 0 248105 0 25000 0 1980 0 18868 0 32089 0 326042 0 0 Firouzeh Naima Director of Finance 0 186494 0 0 0 1290 0 13753 0 11878 0 213415 0 0 Regina Melly VP Business Development 0 253606 0 125000 0 690 0 18386 0 0 0 397682 0 0 Maryanne Morgan Director of Finance 0 167847 0 15000 0 690 0 12519 0 21866 0 217922 0 0 Robert Lanfranchi IT Director 0 199494 0 25000 0 690 0 0 0 0 0 225184 0 0 Svetlana DeBellis VP Managed Care 0 197973 0 20500 0 450 0 14783 0 34103 0 267809 0 0 Victoria Izraylevsky Director of Human Resources 0 190886 0 10000 0 300 0 14438 0 33626 0 249250 0 0 Richard Mato Director of Finance 0 178666 0 0 0 3664 0 0 0 0 0 182330 0 0 Elizabeth Weingast VP of Clinical Excellence 0 161924 0 12500 0 690 0 11770 0 45692 0 232576 0 0 Part I, Line 4b Audrey S. Weiner participated in a supplemental defined benefit retirement plan. The accrual for the year was $307,913. During 2016, Audrey vested in the plan and as a result $1,166,997 was included in Ms. Weiner's W-2 reportable compensation. Thomas J. Gilmartin participated in a supplemental defined contribution retirement plan. During 2016, Mr. Gilmartin's vesting in the plan resulted in an additional $27,193 of W-2 reportable compensation for Mr. Gilmartin and $139,059 of non-taxable benefit, which is included in retirement and other deferred compensation column in Schedule J. Form 990, Part VI, Section A, line 3 The Board of Directors of Kenneth Gladstone Building HDFC has outsourced the management of the property to a property management company which is responsible for the collection of rents, payment of bills, making periodic inspections of the building, making any necessary repairs to the building, preparing monthly financial statements and submitting them to the owner. Form 990, Part VI, Section A, line 4 Jewish Home Lifecare, parent organization, and its related organizations have filed appropriate authorizations to conduct business under variations of "The New Jewish Home" name. Form 990, Part VI, Section A, line 6 The sole member of the organization is Jewish Home Lifecare, Harry and Jeanette Weinberg Campus, Bronx, a New York not-for-profit corporation. Form 990, Part VI, Section A, line 7a Jewish Home Lifecare d/b/a The New Jewish Home may elect one or more members of the governing body. Form 990, Part VI, Section B, line 11b A draft of the completed return was reviewed by Management. Any comments arised from the review were discussed and changes were made. The draft was submitted to the Audit and Compliance Committee of The New Jewish Home and Subsidiaries for their review and approval. Audit and Compliance Committee completed their review and a copy of the return was provided to all board members prior to filing with IRS. Form 990, Part VI, Section B, line 12c Annually all Board members, officers, and key employees are provided a copy of the conflict of interest policy and are asked to review the policy and to disclose any potential or actual conflicts that may have occurred since the last disclosure. The Audit and Compliance Committee of the Board reviews the disclosures as summarized by the Compliance department. All identified conflicts of interest are discussed and either approved or rejected by the Board. If the Board of Directors or the Governance Committee determines that a conflict of interest exists, the Director with the conflict may not take part in the decision process to which the conflict relates. Such disclosure and the fact that the Director did not vote or participate in the deliberations is recorded in the relevant minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part IX, line 11g Maintenance contracts: Program service expenses 49,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,129. Security contract: Program service expenses 134,324. Management and general expenses 0. Fundraising expenses 0. Total expenses 134,324. Form 990, Part XII, Line 2c: The Audit and Compliance Committee of the organization has the oversight responsibility for the audit of the organization's financial statements. As part of the financial statement audit process, the Audit and Compliance Committee is responsible to: 1. Select the independent audit firm 2. Review and approve audit scope and fees 3. Oversee the financial reporting process 4. Ensure open communications between management, audit firm, and the Audit and Compliance Committee 5. Review of independent audit firm's annual performance 6. Meet in Executive Session (absent management) with the audit firm to discuss any potential concerns with management's performance Jewish Home Lifecare 120 West 106th Street New York NY 10025 133267073 Provides care for the elderly NY 501(c)(3) 12, type I N/A 0 Jewish Home Lifecare Manhattan 120 West 106th Street New York NY 10025 131624033 Provides care for the elderly NY 501(c)(3) 3 Jewish Home Lifecare 0 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 120 West 106th Street New York NY 10025 237071900 Provides care for the elderly NY 501(c)(3) 10 Jewish Home Lifecare 0 Fund for the Aged Inc 120 West 106th Street New York NY 10025 133603516 Solicit and distribute contributions for care to the elderly NY 501(c)(3) 7 Jewish Home Lifecare 0 Jewish Home Lifecare Sarah Neuman Center Westchester 845 Palmer Avenue Mamaroneck NY 10543 133620568 Provides care for the elderly NY 501(c)(3) 10 Jewish Home Lifecare 0 Kittay House Jewish Home Lifecare Inc 100 West Kingsbridge Road Bronx NY 10468 132619576 Provides housing to the elderly NY 501(c)(3) 10 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 Lifecare Property Holding Corp 120 West 106th Street New York NY 10025 205945618 Owns property NY 501(c)(2) n/a Jewish Home Lifecare 0 Harry and Jeanette Weinberg Riverdale HouseHousing Development Fund Co Inc 120 West 106th Street New York NY 10025 133865179 Provides subsidized housing for the elderly NY 501(c)(3) 10 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 Harry and Jeanette Weinberg Gardens Housing Development Fund Company Inc 120 West 106th Street New York NY 10468 204981328 Provides subsidized housing for the elderly NY 501(c)(3) 7 Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx 0 JHL Corporate Services Inc 120 West 106th Street New York NY 10025 263385174 Management services DE 501(c)(3) 12, type I Jewish Home Lifecare 0 Jewish Home Lifecare Community Services Inc 120 West 106th Street New York NY 10025 270158524 Provides community services NY 501(c)(3) 10 Jewish Home Lifecare 0 156 West 106th Street Holding Corp 120 West 106th Street New York NY 10025 270308650 Owns property NY 501(c)(2) n/a Jewish Home Lifecare 0 Jewish Home Lifecare University Avenue Assisted Living Inc 120 West 106th Street New York NY 10025 273960910 Construction and operation of University Avenue Assisted Living facility DE 501(c)(3) 10 Jewish Home Lifecare 0 Geriatric Career Development Program Inc 120 West 106th Street New York NY 10025 462452619 To operate programs for at-risk youth DE 501(c)(3) 7 Jewish Home Lifecare 0 2614 Kingsbridge Corp 120 West 10th Steet New York NY 10025 132749776 Provides parking facilities NY N/A C 0 Jewish Home Lifecare Home Assistance Personnel Inc 120 West 10th Steet New York NY 10025 133267068 Provides long term home health care NY N/A C 0 JHHA Medical Group PC 120 West 10th Steet New York NY 10025 133364558 Provides health care services NY N/A C 0 102 West 107th Street Corp 120 West 10th Steet New York NY 10025 132760057 Provides parking facilities NY N/A C 0 Jewish Home Lifecare Spectrum Services Inc 120 West 10th Steet New York NY 10025 453563804 Holding company for for profit affiliates NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0