2025-11-17T14:55:35-06:00 2024-12-31 222097516 CAPALDI REYNOLDS & PELOSI PA 332 TILTON ROAD NORTHFIELD NJ 08225 990 2024-01-01 210634964 LEEDS HEALTHCARE INC BACH 6097485490 51 W JIMMIE LEEDS ROAD POMONA NJ 08240 RICHARD J KATHRINS PHD TRUSTEE-CHIEF POLICY & REG 6097485490 2025-11-17 1 0 JEFFREY A WILSON P01328560 6096414000 2025-11-17 2024 2025-03-06 01:10:19Z X X BETH HOFMAN PT MS 51 WEST JIMMIE LEEDS ROAD POMONA NJ 082400723 4797299 0 X N/A X 1924 NJ EFFECTIVE WITH THE CLOSE OF BUSINESS MARCH 31, 2023, THE ORGANIZATION CEASED PROVIDING ALL MEDICAL SERVICES TO THE COMMUNITY. 7 3 36 0 0 0 36049 0 6048632 0 -2615238 4719158 5815 68656 3475258 4787814 0 0 0 0 17184866 849187 0 0 0 7227110 1301681 24411976 2150868 -20936718 2636946 38982962 40023069 3923981 506710 35058981 39516359 EFFECTIVE WITH THE CLOSE OF BUSINESS MARCH 31, 2023, THE ORGANIZATION CEASED PROVIDING ALL MEDICAL SERVICES TO THE COMMUNITY. 0 0 0 0 EFFECTIVE WITH THE CLOSE OF BUSINESS MARCH 31, 2023, THE ORGANIZATION CEASED PROVIDING ALL MEDICAL SERVICES TO THE COMMUNITY. 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 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 1 0 0 0 1 0 0 36 1 0 0 0 0 0 0 0 0 0 0 X 7 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X SHAWN RYAN 6097485490 51 WEST JIMMIE LEEDS ROAD POMONA NJ 08240 X BETH HOFFMAN PT MS PRESIDENT/CEO 55.00 X X 163523 0 0 DIANE S CROSHAW TRUSTEE-COO/VP HUMAN RESOURCES 55.00 X X 314332 0 0 RICHARD J KATHRINS PHD TRUSTEE-CHIEF POLICY & REG OFFICER 5.00 X X 163187 0 0 ROY GOLDBERG VICE CHAIR - TRUSTEE 4.00 X X 8654 0 0 PHILIP J PERSKIE ESQ CHAIR - TRUSTEE 4.00 X X 0 0 0 RONALD G ROSSI SECRETARY - TRUSTEE 1.00 X X 0 0 0 PHILIP DIBERARDINO TREASURER - TRUSTEE 2.00 X X 0 0 0 SHAWN RYAN CHIEF FINANCIAL OFFICER 55.00 X 263939 0 0 JEANNE VUKSTA DIRECTOR OF DECISION SUPPORT 55.00 X 108327 0 0 LORI A REES DURECTOR OF PLANT OPERATIONS 38.00 X 127913 0 0 1149875 0 0 6 0 1 0 CERNER CORPORATION PO BOX 959156 ST LOUIS MO 631959156 SOFTWARE MAINTENANCE 220690 CAPALDI REYNOLDS & PELOSI PA 332 TILTON ROAD NORTHFIELD NJ 08225 ACCOUNTING/AUDIT 146411 2 189853 189853 38790 4500000 9485 0 29305 4500000 4529305 4529305 MISC REVENUE 900099 68656 68656 68656 4787814 0 0 4787814 483554 483554 16090 16090 231248 231248 118295 118295 136762 136762 168691 168691 91542 91542 38834 38834 308577 308577 1228 1228 61404 61404 3681 3681 152640 152640 SOFTWARE MAINTENANCE 273748 273748 OTHER EXPENSES 59803 59803 REPAIRS & MAINTENANCE 4771 4771 2150868 0 2150868 0 2320597 1051906 1200 0 4500000 32040083 38956422 12580 122282 961 38982962 40023069 1078682 95749 2372097 473202 410961 3923981 506710 X 29843523 33911127 5215458 5605232 35058981 39516359 38982962 40023069 X 2636946 321963 1498469 X X 0 0 0 X 1936771 190847 1059761 36049 0 3223428 1936771 190847 1059761 36049 3223428 3223428 1386640 1258740 -77962 155373 219158 2941949 55762 38727 31031 5815 68656 199991 6365368 0.50640 0.49000 X 3925200 234830 4160030 3606703 318497 3925200 4339458 -732755 3606703 3955569 383889 4339458 3730664 224905 3955569 1.00000 0 0 0 CASH & SHORT-TERM INVESTMENTS 108380 F CERTIFICATE OF DEPOSIT 93500 F STOCKS & EXCHANGE TRADED FUNDS 1776615 F INVESTMENT IN BIR FOUNDATION 33351107 F INTEREST IN CHARITABLE TRUSTS 3626820 F 38956422 DUE TO CONTRACTING AGENCIES 410961 410961 X PART X, LINE 2: MANAGEMENT HAS EVALUATED UNCERTAIN TAX POSITIONS TAKEN BY THE ORGANIZATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER TAXING AUTHORITY. THE ORGANIZATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2022. SCHEDULE D, PART V ENDOWMENT FUNDS ARE TO BE USED CONSISTENT WITH INTENT AND IN FURTHERANCE OF THE ORGANIZATION'S CHARITABLE TAX-EXEMPT PURPOSES. BENEFICIAL INTEREST IN CHARITABLE TRUSTS ---------------------------------------- THE HOSPITAL MEASURES ITS BENEFICIAL INTEREST IN CHARITABLE TRUSTS BY USING THE FAIR VALUE OF THE ASSETS CONTRIBUTED TO THE TRUSTS. THE FAIR VALUE AS OF DECEMBER 31, 2024 AND 2023 WAS $3,626,820 AND $3,391,990, RESPECTIVELY. THE VALUE OF THE BENEFICIAL INTEREST IN CHARITABLE TRUST DID NOT CHANGE FOR THE YEAR ENDING 31, 2024. THE CHANGE IN VALUE OF THE BENEFICIAL INTEREST IN CHARITABLE TRUST WAS $234,830 AND $318,497 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY X X X X X 1 0 0 0 0 0 0 0 0 DIANE S CROSHAW TRUSTEE-COO/VP HUMAN RESOURCES 314332 0 0 0 0 0 0 0 0 0 314332 0 0 0 SHAWN RYAN CHIEF FINANCIAL OFFICER 263939 0 0 0 0 0 0 0 0 0 263939 0 0 0 BETH HOFFMAN PT MS PRESIDENT/CEO 163523 0 0 0 0 0 0 0 0 0 163523 0 0 0 RICHARD J KATHRINS PHD TRUSTEE-CHIEF POLICY & REG OFFICER 163187 0 0 0 0 0 0 0 0 0 163187 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PHILIP J. PERSKIE, ESQ. AND ROY GOLDBERG - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY (ITS BOARD OF TRUSTEES) PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR THEIR REVIEW. THE ORGANIZATION'S INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO ORGANIZATION'S BOARD OF TRUSTEES AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE DISTRIBUTED BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE PRESIDENT/CHIEF EXECUTIVE OFFICER FOR REVIEW. THE PRESIDENT/CHIEF EXECUTIVE OFFICER DISCUSSES THE COMPLETED FORMS WITH THE EXECUTIVE COMMITTEE OF THE BOARD WHICH THEN REPORTS TO THE BOARD OF TRUSTEES, WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF TRUSTEES APPOINTS A COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT PERSONNEL. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE "TOTAL COMPENSATION" IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION (IF ANY) AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" IS REASONABLE. THE COMPENSATION COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY, THE COMPENSATION COMMITTEE OBTAINED INDEPENDENT SALARY SURVEY INFORMATION FURNISHED BY AN INDEPENDENT CONSULTANT AND REVIEWED FORMS 990 OF SIMILAR ORGANIZATIONS THROUGHOUT THE UNITED STATES. THIS INCLUDED COMPARABLE GEOGRAPHIC AND DEMOGRAPHIC MARKET DATA INCLUDING BUT NOT LIMITED TO SIMILARLY SIZED REHABILITATION FACILITIES, # OF LICENSED BEDS AND NET PATIENT SERVICE REVENUE. THE COMPENSATION AND BENEFITS OF ALL OTHER INDIVIDUALS CONTAINED IN THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM THE ORGANIZATION'S CHIEF OPERATING OFFICER/VICE PRESIDENT OF HUMAN RESOURCES IN CONJUNCTION WITH EACH INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE ORGANIZATION. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. 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 WRITTEN REQUEST. CORE FORM, PART VII AND SCHEDULE J CORE FORM, PART VII AND SCHEDULE J REFLECT CERTAIN BOARD MEMBERS AND OFFICERS RECEIVING COMPENSATION AND BENEFITS FROM THE ORGANIZATION. PLEASE NOTE THIS REMUNERATION WAS FOR SERVICES RENDERED AS EMPLOYEES OF THE ORGANIZATION; NOT FOR SERVICES RENDERED AS A VOTING MEMBER OR OFFICER OF THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF BRH ENDOWNMENT 1,498,469. CORE FORM, PART XII; QUESTION 1 THE ORGANIZATION HAS PREPARED ITS FINANCIAL STATEMENTS ON THE LIQUIDATION BASIS OF ACCOUNTING EFFECTIVE JANUARY 1, 2023. UNDER THIS METHOD, REVENUES ARE RECORDED WHEN EARNED AND EXPENSES ARE RECORDED WHEN LIABILITIES ARE INCURRED. REVENUES AND EXPENSES EXPECTED TO BE INCURRED IN LIQUIDATION ARE RECORDED WHEN THERE IS A REASONABLE BASIS FOR THEIR ESTIMATION. BRH ENDOWMENT INC 51 W JIMMIE LEEDS ROAD POMONA NJ 08240 223049576 FUNDRASING NJ 501(C)(3) 509 (A) (3) LEEDS HEALTHCARE INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0