2014-06-10T10:01:56-07:00 2013-12-31 990 2013-01-01 141805236 DAUGHTERS OF SARAH HOUSING COMPANY INC DAUG 5186890454 182 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 Courtney Mulson CFO 5187243240 2014-05-22 2013 2015-11-30 17:44:51Z THE MASSRY RESIDENCE DAUGHTERS OF SARAH HOUSING CO INC 182 WASHINGTON AVE EXT ALBANY NY 12203 3394702 0 X www.daughtersofsarah.org X 1998 NY THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE , ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE , THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. IT'S AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. 12 12 83 20 0 0 87670 95763 3206251 3259119 33853 39820 0 0 3327774 3394702 0 0 0 0 1339111 1376701 0 0 0 1805175 1751040 3144286 3127741 183488 266961 12088062 12627635 7901375 7294198 4186687 5333437 THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE , ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE , THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. ITS AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. 0 0 2852003 0 3298939 THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. ("DAUGHTERS") IS TO ENHANCE THE QUALITY OF LIFE , ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE , THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. ITS AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS. DAUGHTERS IS A 56 UNIT FACILITY PROVIDING FOR THE PERSONAL CARE AND SECURITY NEEDS OF FRAIL AND DISABLED SENIORS, A NUMBER OF WHOM ARE INDIGENT. BY MEETING ALL OF THE PERSONAL CARE NEEDS OF OUR RESIDENTS IN A WARM, CLEAN, LOVING AND INVITING ENVIRONMENT, DAUGHTERS INSURES THAT ITS RESIDENTS ARE ABLE TO LIVE AND AGE IN A DIGNIFIED, RESPECTFUL, AND SELF-INDEPENDENT MANNER APPROPRIATE TO THEIR HEALTH CONDITION AND PERSONAL REQUIREMENTS. THE GOAL OF THE SERVICES PROVIDED IS TO ENABLE THE RESIDENTS TO MAXIMIZE THEIR INDEPENDENCE AND ENRICH THE QUALITY OF THEIR LIVES. PROGRAMS THAT ALL MELD TO ACHIEVE OUR GOAL INCLUDE: THE AVAILABILITY OF ROUND THE CLOCK PERSONAL CARE STAFF, CASE MANAGEMENT, KOSHER MEALS PREPARED IN ACCORDANCE WITH JEWISH DIETARY LAWS, DAILY ACTIVITY PROGRAMMING FOR BOTH PHYSICAL AND MENTAL STIMULATION APPROPRIATE TO RESIDENT ACUITY LEVELS, REGULAR ENTERTAINMENT PROGRAMS, WEEKLY JEWISH SABBATH SERVICES, CELEBRATION OF ALL JEWISH HOLIDAYS (AND COORDINATION OF ACTIVITIES AROUND THE HOLIDAY THEMES), TRIPS AND EXCURSIONS TO COMMUNITY PROGRAMS AND OTHER SCHEDULED EVENTS CALCULATED TO BRING HAPPINESS TO THE LIVES OF OUR RESIDENTS. RESIDENTS ARE TREATED AS UNIQUE INDIVIDUALS AND ALL HAVE PERSONALIZED CARE PLANS THAT IDENTIFY THE SERVICES THAT THEY WILL RECEIVE. AS THEIR CARE NEEDS CHANGE THE PLANS ARE ADJUSTED ACCORDINGLY, THE ORGANIZATION IS ALSO INVOLVED IN THE PROCESS OF STUDYING THE FEASIBIITY, DESIREABILITY, AND PRACTICALITY, OF ENGAGING IN INDEPENDENT LIVING PROGRAMS FOR SENIORS. DAUGHTERS FURTHER OFFERS RESPITE CARE TO ADULTS IN THE COMMUNITY. THIS SHORT-TERM SERVICE PROVIDES UP TO THIRTY DAYS OF LOVING, SAFE, APPROPRIATELY MONITORED CARE IN AN ASSISTED LIVING FACILITY FOR INDIVIDUALS NEEDING AND DESIRING TO EXPERIENCE SUCH A LEVEL OF CARE. 0 0 0 2852003 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 0 0 0 1 23 0 1 83 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X COURTNEY MULSON 5187243240 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 X DEL SALMON PRESIDENT 2 0 X X 0 0 0 MICHAEL WOLFF MD VICE-PRESIDENT 1 0 X X 0 0 0 SUE SWARTZ TREASURER 2 0 X X 0 0 0 STEVEN FRISCH MD SECRETARY 1 0 X X 0 0 0 DON DAVIDOFF BOARD MEMBER 1 0 X 0 0 0 RUTH YORKER BOARD MEMBER 1 0 X 0 0 0 ELLIE SAFRANKO BOARD MEMBER 1 0 X 0 0 0 ROSALIND JUDD BOARD MEMBER 1 0 X 0 0 0 STEVEN STULMAKER BOARD MEMBER 1 0 X 0 0 0 PETER ROSENFELD BOARD MEMBER 1 0 X 0 0 0 ROBERT FREEDMAN BOARD MEMBER 1 0 X 0 0 0 LAURA JACOBS BOARD MEMBERS 1 0 X 0 0 0 MARK KOBLENZ CEO 37.5 30 X X X 0 273931 34179 JOAN HEALEY COO 37.5 28 X X 0 185800 33506 COURTNEY MULSON CFO 37.5 33.0 X X 0 137277 27607 0 597008 95292 0 0 1 1 MORRISON MANAGEMENT PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 388000 1 10000 0 0 85763 0 0 0 95763 3259119 3259119 0 0 3259119 39820 39820 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3394702 3298939 0 0 X 0 0 0 0 0 0 0 0 124250 0 124250 0 0 0 0 0 1055219 927587 127632 0 22405 19695 2710 0 97899 86058 11841 0 76928 67623 9305 0 0 0 0 0 2947 2947 0 0 20500 20500 0 0 0 0 0 0 0 0 0 0 0 0 193855 193855 0 0 15891 15891 0 0 5163 5163 0 0 0 0 0 0 0 0 0 0 140196 140196 0 0 0 0 0 0 0 0 0 0 2407 2407 0 0 381909 381909 0 0 0 0 0 0 291586 291586 0 0 27456 27456 0 0 669130 669130 0 0 3127741 2852003 275738 0 501101 809320 24285 6858 42696 29379 9488693 3276200 6357155 6212493 2537725 2725230 2625100 2844355 12088062 12627635 325339 392598 5950000 5760000 1626036 1141600 7901375 7294198 X 1531223 2287962 655464 1045475 2000000 2000000 4186687 5333437 12088062 12627635 X 266961 0 0 0 0 879789 X 0 1 X 1 0 X 8000 10000 25000 20000 18000 81000 3271365 3427139 3435776 3273921 3336882 16745083 0 0 0 0 0 0 0 0 0 0 0 0 3279365 3437139 3460776 3293921 3354882 16826083 0 0 0 0 0 0 0 0 0 0 0 0 0 16826083 20357 21627 24447 33853 39820 140104 0 0 0 0 20357 21627 24447 33853 39820 140104 0 0 0 0 0 0 3299722 3458766 3485223 3327774 3394702 16966187 0.99174 0.99251 0.00826 0.00749 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 375000 375000 0 7906842 2241266 5665576 0 0 0 0 0 1206851 1034934 171917 0 0 0 0 6212493 DEFERRED FINANCE CHARGES 384349 INTEREST IN DOS JEWISH FOUNDATION 2460006 2844355 INTEREST RATE SWAP 1141600 1141600 3394702 0 0 0 0 0 3394702 0 0 0 3394702 3127741 0 0 0 0 0 3127741 0 0 0 3127741 X X X X X 0 0 0 0 0 0 0 0 0 MARK KOBLENZ CEO 0 273931 0 0 0 0 0 0 0 34179 0 308110 0 0 JOAN HEALEY COO 0 185800 0 0 0 0 0 0 0 33506 0 219306 0 0 Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S BOARD OF DIRECTORS (ITS GOVERNING BODY) HAS DELEGATED REVIEW OF THE FORM 990 TO ITS FINANCE COMMITTEE, WHICH COMMITTEE HAS REVIEWED THE FORM IN ITS ENTIRETY PRIOR TO ITS FILING. THE FINANCE COMMITTEE HAS REVIEWED THIS FORM WITH THE BOARD OF DIRECTORS PRIOR TO ITS FILING AND HAS MADE COPIES OF THE FORM AVAILABLE TO BOARD MEMBERS. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS EXPLAINED AND DISCUSSED DURING ORIENTATION FOR ALL NEW BOARD MEMBERS. COPIES OF THE POLICY ARE PROVIDED TO ALL BOARD MEMBERS. THE POLICY IS ALSO REVIEWED WITH ALL BOARD MEMBERS AT THE FIRST BOARD MEETING OF EACH YEAR. ANNUALLY, BOARD MEMBERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM, DISCLOSING PERSONAL AND FINANCIAL BUSINESS INTERESTS AND ANY DEALINGS THEY OR FAMILY MEMBERS HAVE WITH THE ORGANIZATION OR WITH EACH OTHER. A COMPILATION OF THE DISCLOSED INFORMATION FOR THE ENTIRE BOARD IS SHARED WITH ALL BOARD MEMBERS TO ALERT THEM TO POSSIBLE CONFLICT SITUATIONS. THE COMPILATION IS UPDATED AND RE-CIRCULATED PERIODICALLY THROUGHOUT THE YEAR, WHEN WARRANTED. BOARD MEMBERS ARE EXPECTED TO DISCLOSE KNOWN OR POTENTIAL CONFLICTS, AS WELL AS PERCEIVED CONFLICTS INVOLVING OTHERS. PERCEIVED CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE, ADDRESSED WITH THE MEMBER(S) INVOLVED, AND REPORTED TO THE BOARD. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS REVIEWED BY A SPECIAL COMMITTEE ON CEO PERFORMANCE REVIEW, COMPRISING OF THE PRESIDENTS OF EACH OF THE THREE ORGANIZATIONS COMPRISING THE DAUGHTERS OF SARAH SENIOR COMMUNITY (ONE OF WHICH IS THIS ORGANIZATION), WHICH COMMITTEE IS CHAIRED BY AN INDIVIDUAL JOINTLY SELECTED BY THE THREE PRESIDENTS. UPON CONTRACT RENEWAL, THE COMMITTEE EVALUATES THE CEO PERFORMANCE, COLLECTS COMPARATIVE DATA ON CEO COMPENSATION FROM INDUSTRY SOURCES AND FORMS 990 OF SIMILAR ORGANIZATIONS, AND FORMULATES A COMPENSATION AND EMPLOYMENT CONTRACT RECOMMENDATION THAT IS FAIR AND EQUITABLE IN LIGHT OF THE CIRCUMSTANCES OF THE CEO PERFORMANCE, FACILITY BUDGETS, AND THE COMPARABLE INFORMATION. THE COMMITTEE MAINTAINS CONTEMPORANEOUS SUBSTANTIATION OF ITS DELIBERATION AND DECISIONS, WHICH ARE REPORTED TO EACH OF THE BOARDS OF DIRECTORS FOR APPROVAL AND IMPLEMENTATION. THE BOARDS REVIEW AND RATIFY THE COMMITTEE'S RECOMMENDATIONS ON EMPLOYMENT CONTRACT DURATION, COMPENSATION, AND RELATED TERMS. THIS PROCESS WAS LAST DONE IN 2013. COMPENSATION AND PERFORMANCE EVALUATIONS FOR OTHER TOP MANAGEMENT STAFF ARE PERFORMED BY THE CEO, AND THEN REVIEWED BY THE CEO WITH REPRESENTATIVES OF THE ORGANIZATIONS SELECTED BY THE PRESIDENTS. COMPARATIVE DATA ON COMPENSATION IS COLLECTED FROM INDUSTRY SOURCES AND FORMS 990 OF SIMILIAR ORGANIZATIONS, AND A FAIR AND EQUITABLE DECISION IS FORMULATED IN LIGHT OF THE CIRCUMSTANCES OF JOB PERFORMANCE, FACILITY BUDGETS AND THE COMPARABLE INFORMATION. CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS IS MAINTAINED. THE CEO REPORTS THE DELIBERATIONS, DECISIONS AND THE BASIS THEREFORE TO THE ORGANIZATION'S BOARD OF DIRECTORS. IF THE RECOMMENDED COMPENSATION LEVEL EXCEEDS THE LIMITS BUDGETED BY THE BOARD, FURTHER BOARD OF DIRECTOR APPROVAL OF THE COMPENSATION IS REQUIRED. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A, Line 1a HOURS PER WEEK AT RELATED ORGANIZATIONS - MARK KOBLENZ, CEO, DEVOTES 9 HOURS PER WEEK TO DAUGHTERS OF SARAH NURSING CENTER, INC. AND 21 HOURS PER WEEK TO DAUGHTERS OF SARAH JEWISH FOUNDATION, BOTH RELATED ORGANIZATIONS. JOAN HEALEY, COO, DEVOTES 28 HOURS PER WEEK TO THE DAUGHTERS OF SARAH NURSING CENTER, INC., A RELATED ORGANIZATION. COURTNEY MULSON, CFO, DEVOTES 31 HOURS PER WEEK TO DAUGHTERS OF SARAH NURSING CENTER, INC. AND 2 HOURS PER WEEK TO DAUGHTERS OF SARAH JEWISH FOUNDATION, BOTH RELATED ORGANIZATIONS. THE DAUGHTERS OF SARAH NURSING CENTER, INC. FILES ALL EMPLOYMENT TAX FORMS WITH RESPECT TO THESE INDIVIDUALS. THE SALARY COST ASSOCIATED WITH THE HOURS ALLOCATED TO THE HOUSING COMPANY IS AS FOLLOWS: MARK KOBLENZ - $55,729, JOAN HEALEY - $48,646, AND COURTNEY MULSON - $19,875. Form 990, Part IX, Line 24e Recreation Therapy - $43,952 Dietary - $369,408 Building Services - $118,003 Administrative and Fiscal $133,505 Resident Care - $4,262 Form 990, Part XI, Line 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -$484,436, CHANGE IN INTEREST IN NET ASSETS OF DAUGHTERS OF SARAH JEWISH FOUNDATION - $245,353, RESTRICTED CONTRIBUTIONS - $150,000 DAUGHTERS OF SARAH NURSING HOME COMPANY 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 237120570 NURSING CARE NY 501(C)(3) 9 N/A 0 DAUGHTERS OF SARAH JEWISH FOUNDATION 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 141344803 FUNDRAISING NY 501(C)(3) 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 DAUGHTERS OF SARAH JEWISH FOUNDATION c 158000 cash DAUGHTERS OF SARAH JEWISH FOUNDATION c 69763 cash DAUGHTERS OF SARAH NURSING HOME COMPANY o 233791 cash DAUGHTERS OF SARAH NURSING HOME COMPANY p 172649 cash