2015-11-09T14:06:31-06:00 2014-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-01-01 133323765 CENTERLIGHT HEALTH SYSTEM INC CENT 7185194238 1250 WATERS PLACE TOWER 1 NO 602 BRONX NY 10461 IRA GREEN SR VP/CFO 7185194238 2015-10-28 1 AARON SHAPIRO P01333816 2128674000 2014 2016-03-07 17:11:31Z IRA GREEN 1250 WATERS PLACE TOWER 1 NO 602 BRONX NY 10461 6911398 0 X WWW.CENTERLIGHT.ORG X 1984 NY TO PROMOTE THE PURPOSES AND GOALS OF NOT-FOR PROFIT HEALTH CARE AND SUPPORT SERVICE PROVIDERS. 15 15 4 15 56610 56610 4489604 0 0 0 9986050 1197912 851766 66762 15327420 1264674 1533155 1400000 0 0 25087 0 0 0 0 1230593 19713867 2788835 21113867 12538585 -19849193 54823791 47309074 273318 12536140 54550473 34772934 X SEE SCHEDULE OCENTERLIGHT HEALTH SYSTEM, INC. STRIVES TO INCREASE COORDINATION AMONG HEALTH CARE PROVIDORS AND TO ENHANCE THE QUALITY AND COST EFFECTIVENESS OF SERVICES. IT PROMOTES THE PURPOSES AND GOALS OF NOT-FOR PROFIT HEALTH CARE AND SUPPORTS SERVICE PROVIDERS, INCLUDING EMPLOYEE HOUSING. 0 0 1971703 1400000 PROMOTING THE PURPOSES AND GOALS OF NOT-FOR PROFIT HEALTH CARE AND SUPPORTS SERVICE PROVIDERS, INCLUDING EMPLOYEE HOUSING AND COMMUNITY PROGRAMS. 1971703 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 4 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X IRA GREEN SR VPCFO 7185194238 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 EDWIN H STERN III SECRETARY 0.50 5.00 X X 0 0 0 MICHAEL R POTACK CHAIRMAN 0.50 7.00 X X 0 0 0 STEVEN KANTOR DDS DIRECTOR 0.50 1.00 X 0 0 0 HENRY S CONSTON ESQ DIRECTOR 0.50 1.00 X 0 0 0 THOMAS R BERKEL DIRECTOR 0.50 1.00 X 0 0 0 MARK WEINSTEIN DIRECTOR 0.50 1.50 X 0 0 0 KENNETH R WEISSHAAR DIRECTOR 0.50 1.50 X 0 0 0 WILLIAM LISS-LEVINSON PHD DIRECTOR 0.50 1.00 X 0 0 0 NEIL HEYMAN DIRECTOR 0.50 1.00 X 0 0 0 STEVEN D PRAGER DIRECTOR 0.50 1.00 X 0 0 0 HARVEY J ISHOFSKY DIRECTOR 0.50 1.50 X 0 0 0 ROSEMARIE A LOFFREDO DIRECTOR 0.50 1.00 X 0 0 0 JARTLATH A JOHNSTON VICE CHAIR 0.50 1.50 X 0 0 0 MYRON SCHLANGER TREASURER 0.50 1.00 X 0 0 0 RICK T BABICH DIRECTOR 0.50 1.50 X 0 0 0 MICHAEL S FASSLER PRESIDENT/CEO 0.50 34.50 X 0 920583 324360 STEPHEN B MANN SENIOR VP/ADMINISTRATION 0.50 22.00 X 0 324370 48781 IRA GREEN SENIOR VP/CFO 0.50 34.50 X 0 558521 144142 CHRISTIE O'TOOLE CHIEF ADMINISTRATIVE OFFICER 0.50 34.50 X 0 501572 132660 0 2305046 649943 0 0 1 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 116193 DI SANO DEMOLITION CO 14 POINT CRESCENT WHITESTONE NY 11357 DEMOLITION 106000 2 537009 537009 416290 349528 66762 66762 66762 5958099 5297196 660903 660903 56610 604293 1264674 0 56610 1208064 1400000 1400000 23843 23843 30000 30000 277685 277685 204235 204235 106401 106401 BAD DEBT 18500000 18500000 SYNAGOGUE EXPENSES 571703 571703 21113867 1971703 19142164 0 1518766 4436341 24979 60767 13110 3975 5689643 1446028 3585622 4243615 42271311 31569322 7410003 6995054 54823791 47309074 4121 4970 269197 12531170 273318 12536140 X 47308796 27563888 7241677 7209046 54550473 34772934 54823791 47309074 -19849193 71654 0 X X 0 1 X 1 0 X X 12 BAHS 131739920 9 0 0 0 CLHC 133600807 9 0 0 0 MTNRC 136266115 9 0 0 0 BA HDFC 133067236 9 0 0 0 PH HDFC 133566484 9 0 0 0 MVP HDFC 133760575 9 0 0 0 SCRN 133482590 9 0 0 0 BA-CNR FDN 113284763 7 0 0 0 TBM HDFC 133227442 9 0 0 0 CL HEALTHCARE 460833951 9 0 0 0 CLCHHA 461840894 9 0 1400000 0 CNR 112289702 9 0 0 0 12 1400000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SECTION A, LINE 1 CENTERLIGHT HEALTH SYSTEM, INC. HAS A CONTINUED AND HISTORIC RELATIONSHIP WITH ALL THESE RELATED COMPANIES. 3057237 3057237 2630161 1445831 1184330 2245 197 2048 4243615 PARTNERSHIPS 6995054 F 6995054 DUE TO RELATED PARTIES 31170 NOTES PAYABLE TO RELATED COMPANIES 12500000 12531170 X 916629625 71654 915570982 915642636 986989 277685 277685 1264674 956214749 935378567 935378567 20836182 277685 277685 21113867 PART X, LINE 2: CENTERLIGHT HEALTH SYSTEM, INC. HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED COMPANIES REVENUES 915,221,454. RENTAL EXPENSES 349,528. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED COMPANIES EXPENSES 935,029,039. RENTAL EXPENSES 349,528. 1 CENTERLIGHT CERTIFIED HOME HEALTH AGENCY INC 1250 WATERS PLACE TOWER 1 SUITE 602 602 BRONX NY 10461 461840894 501(C)(3) 1400000 TO PROVIDE STARTUP FUNDS MARGARET TIETZ NURSING AND REHABILITATION CENTER 1250 WATERS PLACE TOWER 1 SUITE 602 602 BRONX NY 10461 136266115 501(C)(3) 450830 TO FUND PROGRAMS 1 0 PART I, LINE 2: ALL TRANSACTIONS, INCLUDING GRANT FUNDS, ARE CLOSELY MONITORED BY MANAGEMENT. THESE GRANTS ARE GIVEN TO MEMBERS OF THE SAME HEALTH SYSTEM, AND ALL FINANCIAL INFORMATION IS SHARED AND REVIEWED. X X X X X X 0 1 0 0 0 0 0 0 0 MICHAEL S FASSLER PRESIDENT/CEO 0 898886 0 0 0 21697 0 302851 0 21509 0 1244943 0 0 STEPHEN B MANN SENIOR VP/ADMINISTRATION 0 308844 0 0 0 15526 0 34460 0 14321 0 373151 0 0 IRA GREEN SENIOR VP/CFO 0 514830 0 25000 0 18691 0 122633 0 21509 0 702663 0 0 CHRISTIE O'TOOLE CHIEF ADMINISTRATIVE OFFICER 0 462157 0 25000 0 14415 0 111151 0 21509 0 634232 0 0 PART I, LINE 4B MICHAEL FASSLER - $203,270 NON QUALIFIED RETIREMENT PAYMENT FORM 990, PART VI, SECTION B, LINE 11 THE RETURNS ARE BASED ON THE CERTIFIED FINANCIAL STATEMENTS, AS WELL AS INFORMATION PROVIDED IN RESPONSE TO A DETAILED QUESTIONNAIRE WITH ADDITIONAL INFORMATION NOT INCLUDED IN THE FINANCIAL STATEMENTS INCLUDING COMPENSATION AND BENEFITS FOR SENIOR MANAGEMENT, PROCEDURES FOR ESTABLISHING SUCH COMPENSATION, AND GOVERNANCE POLICIES AND PROCEDURES (CONFLICTS OF INTEREST, RECORD RETENTION AND DESTRUCTION, WHISTLEBLOWER). DRAFTS OF THE COMPLETED RETURNS ARE REVIEWED BY THE SENIOR VP/CFO AND THE DIRECTOR OF FINANCE. ANY COMMENTS ARISING FROM OUR REVIEW ARE DISCUSSED AND IF REQUIRED, CHANGES ARE MADE TO THE DRAFT. THAT DRAFT WILL BE SUBMITTED TO THE AUDIT COMMITTEE FOR ITS REVIEW AND APPROVAL. ONCE THE AUDIT COMMITTEE HAS COMPLETED ITS REVIEW COPIES OF THE RETURNS WILL BE PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT: NEW BOARD MEMBERS AND EMPLOYEES ARE GIVEN A COPY OF THE RESPECTIVE POLICIES. EACH YEAR ALL EMPLOYEES ARE REMINDED AT THE ANNUAL CORPORATE COMPLIANCE PROGRAM TRAINING OF THE POLICY AND OF THE SANCTIONS ASSOCIATED WITH NON-COMPLIANCE. ANNUALLY, DIRECTORS OF THE BOARD AND KEY EMPLOYEES ARE ASKED TO REVIEW THE POLICY AND TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY HAVE OCCURRED SINCE THE LAST DISCLOSURE. THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE BOARD AND SENIOR MANAGEMENT DISCLOSURES WHILE THE CORPORATE COMPLIANCE PROGRAM STEERING COMMITTEE REVIEWS THE DISCLOSURES OF KEY EMPLOYEES. PROCEDURES FOR MANAGING IDENTIFIED CONFLICTS: BEFORE THE BOARD OF DIRECTORS TAKES ACTION TO REVIEW OR APPROVE A CONTRACT, TRANSACTION OR COMPENSATION ARRANGEMENT INVOLVING AN ACTUAL CONFLICT OF INTEREST, THE DIRECTOR, OFFICER, OR EMPLOYEE WHO HAS THE POTENTIAL/ACTUAL CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR DESIGNEE (IF APPROPRIATE) WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE AND REPORT TO THE BOARD OF DIRECTORS ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. BASED ON THE INFORMATION FURNISHED BY THE DISINTERESTED PERSON OR COMMITTEE, THE BOARD OF DIRECTORS WILL MAKE A DETERMINATION OF WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR MORE REASONABLE ARRANGEMENTS FROM AN ENTITY OR PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST IS NOT REASONABLY ATTAINABLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS WILL DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATIONS' BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION. A DIRECTOR WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE TRANSACTION OR ARRANGEMENT AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. THE DIRECTORS' INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. THE AUDIT COMMITTEE, WHICH SHALL BE COMPOSED SOLELY OF DISINTERESTED DIRECTORS, SHALL ENSURE THAT THESE PROCEDURES ARE COMPLIED WITH, AND RECOMMEND REMOVAL OF THOSE THAT FAIL TO COMPLY WITH THE POLICY. MONITORING: CONTINUOUSLY, THROUGHOUT THE COURSE OF THE YEAR, ALL EMPLOYEES AND DIRECTORS ARE REMINDED OF THE CONFLICTS OF INTEREST POLICIES THROUGH CASES AND CONSEQUENCES DISCUSSIONS OF NON-COMPLIANCE. THIS IS DONE VIA E-MAIL, AT DIRECTORS MEETINGS, AND DURING STEERING COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO AND SENIOR EXECUTIVES ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD. THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT IS USED TO DETERMINE THE APPROPRIATE COMPENSATION. THIS PROCESS INCLUDES THE UTILIZATION OF A COMPARATIVE SALARY ANALYSIS WITH COMPARABLE ORGANIZATIONS' SENIOR MANAGEMENT. THE 2014 SALARIES WERE DETERMINED BY A REVIEW DONE IN FEBRUARY OF 2014. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. CENTERLIGHT HEALTHCARE INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133600807 MANAGED CARE ENTITY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 CENTERLIGHT HEALTHCARE DIAGNOSTIC AND TREATMENT CENTER INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133631727 DIAGNOSTIC TREATMENT CENTER NY 501(C)(3) 11 TYPE I CENTERLIGHT HEALTHCARE INC 0 TBM HOUSING DEVELOPMENT FUND COMPANY INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133227442 HOUSING FOR THE ELDERLY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 BETH ABRAHAM HOUSING DEVELOPMENT FUND COMPANY INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133067236 HOUSING FOR THE ELDERLY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 PARK HOUSING DEVELOPMENT FUND COMPANY INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133566484 HOUSING FOR THE ELDERLY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 BEST CHOICE HOME HEALTH CARE INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133889937 HOME CARE NY 501(C)(3) 11 TYPE I CENTERLIGHT HEALTH SYSTEM INC 1 MVP HOUSING DEVELOPMENT FUND COMPANY INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133760575 HOUSING FOR THE ELDERLY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 INSTITUTE FOR MUSIC & NEUROLOGIC FUNCTION 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133874103 MUSIC THERAPY NY 501(C)(3) 11 TYPE III CENTERLIGHT HEALTH SYSTEM INC 1 SCHNURMACHER CENTER FOR REHABILITATION 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133482590 SKILLED NURSING FACILITY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 ALL THINGS RELATIVE INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 133482335 MANAGE GERIATRIC CARE OF ELDERLY CLIENTS NY 501(C)(3) PF BETH ABRAHAM HEALTH SERVICES 0 BETH ABRAHAM HEALTH SERVICES 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 131739920 SKILLED NURSING FACILITY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 CENTER FOR NURSING AND REHABILITATION INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 112289702 SKILLED NURSING FACILITY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 BETH ABRAHAM - CNR FOUNDATION INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 113284763 FUNDRAISING NY 501(C)(3) 7 CENTERLIGHT HEALTH SYSTEM INC 1 MARGARET TIETZ NURSING AND REHABILITATION CENTER 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 136266115 SKILLED NURSING FACILITY NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 CL HEALTHCARE INC 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 460833951 HOME CARE NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 CENTERLIGHT CERTIFIED HOME HEALTH AGENCY 1250 WATERS PLACE TOWER 1 SUITE 602 BRONX NY 10461 461840894 HOME CARE NY 501(C)(3) 9 CENTERLIGHT HEALTH SYSTEM INC 1 SCHEUR PLAZA GP INC 1250 WATERS PLACE TOWER BRONX NY 10461 461126614 HOUSING NY C 0.50000 0 SCHEUR GARDENS GP INC 1250 WATERS PLACE TOWER BRONX NY 10461 461126473 HOUSING NY C 0.50000 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 CENTERLIGHT CERTIFIED HOME HEALTH AGENCY INC B 1400000 CASH CENTERLIGHT HEALTHCARE INC D 18500000 CASH MARGARET TIETZ NURSING AND REHABILITATION CENTER B 450830 CASH