2012-06-21T08:38:07-07:00 2011-12-31 990 2011-01-01 141805236 DAUGHTERS OF SARAH HOUSING COMPANY INC DAUG 5186890454 182 Washington Avenue Extension Albany NY 12203 Courtney Mulson 5187243240 2012-05-31 2011 2016-02-24 21:20:13Z The Massry Residence Daughters of Sarah Housing Company 182 Washington Ave Ext Albany NY 12203 3485223 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 PRGORAM 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 12 107 20 0 0 155047 108450 3329568 3352326 21624 24447 0 0 3506239 3485223 0 0 0 0 1573232 1357636 0 0 0 1434442 1718751 3007674 3076387 498565 408836 11594409 11940440 7446543 7897936 4147866 4042504 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 PRGORAM 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 2816015 0 3376773 THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. 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. IS ACCOMPLISHED THROUGH THE OPERATION OF AN ENRICHED HOUSING PROGRAM AND ASSISTED LIVING FACILITY FOR ELDERLY ADULTS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH. 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 TO 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 FEASIBILITY, DESIRABILITY, AND PRACTICALITY, OF ENGAGING IN INDEPENDENT LIVING PROGRAMS FOR SENIORS. 0 0 0 2816015 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 0 1 20 0 1 107 1 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 SUE SWARTZ 2 X X 0 0 0 DON DAVIDOFF 1 X 0 0 0 SUSAN FARBER 1 X 0 0 0 ELLIE SAFRANKO 1 X 0 0 0 DIANE WEISKOPF 1 X 0 0 0 MICHAEL WOLFF MD 1 X 0 0 0 BERNARD GEIZER 2 X X 0 0 0 DEL SALMON 1 X X 0 0 0 STEVEN FRISCH MD 1 X X 0 0 0 Steven Stulmaker 1 X 0 0 0 ROSALIND JUDD 1 X 0 0 0 PETER ROSENFELD 1 X 0 0 0 JOAN HEALEY 10 X 0 171077 30000 COURTNEY MULSON 6 X 0 118831 25014 MARK KOBLENZ 6 X 0 246547 26428 0 536455 81442 0 0 1 1 MORRISON MANAGEMENT PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 460615 1 25000 0 0 83450 0 0 0 108450 RESIDENT SERVICE REVENUE 623000 3352326 3352326 0 0 0 0 0 0 3352326 24447 24447 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3485223 3376773 0 0 0 0 0 0 0 0 0 0 105862 0 105862 0 0 0 0 0 1093933 969676 124257 0 5507 4450 1057 0 74091 59880 14211 78243 63258 14985 0 2514 2514 19200 19200 15233 15233 7909 7909 178062 178062 3071 3071 303111 303111 257877 257877 27456 27456 All other expenses 904318 904318 0 0 3076387 2816015 260372 0 1254529 1143390 37357 24832 53740 75150 9196494 2761116 6593601 6435378 954046 1755750 2701136 2505940 11594409 11940440 290467 383121 6300000 6130000 856076 1384815 7446543 7897936 X 1634668 1576612 513198 465892 2000000 2000000 4147866 4042504 11594409 11940440 X 408836 -514198 X 0 1 1 X 0 X 8490 68380 8000 10000 25000 119870 3071652 3130842 3271365 3427139 3435776 16336774 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3080142 3199222 3279365 3437139 3460776 16456644 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16456644 16095 25458 20357 21627 24447 107984 0 0 0 0 0 0 16095 25458 20357 21627 24447 107984 0 0 0 0 0 0 0 0 0 0 3096237 3224680 3299722 3458766 3485223 16564628 0.99348 0.99395 0.00652 0.00605 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 375000 375000 0 7818887 1856528 5962359 0 0 0 0 0 1002607 904588 98019 0 0 0 0 6435378 DEFERRED FINANCING CHARGES 343202 INTEREST IN DAUGHTERS OF SARAH JEWISH FOUNDATION 2162738 2505940 INTEREST RATE SWAP 1384815 1384815 3485223 3076387 408836 0 0 0 0 0 0 408836 3485223 0 0 0 0 0 3485223 0 0 0 3485223 3076387 0 0 0 0 0 3076387 0 0 0 3076387 0 0 0 0 0 0 0 0 0 JOAN HEALEY 0 171077 0 0 0 0 0 0 0 30000 0 201077 0 0 MARK KOBLENZ 0 246547 0 0 0 0 0 0 0 26428 0 272975 0 0 F990_P06_S0B_L11b 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 IT'S FILING. THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWED THE FORM 990 WITH THE FINANCE COMMITTEE PRIOR TO ITS FILING. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c THE ORGANIZATION'S CONFLICT OR 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. F990_P06_S0B_L15 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 CONTERMORANEOUS 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 2010. 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 SIMILARY ORGANIZATIONS, AND A FAIR AND EQUITABLE DECISION IS FORUMULATED 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 DISCLOSURE OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in fair value of interest rate swap -528,738 Change in interest in net assets of Daughters of Sarah Jewish Foundation --135,460 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 0 0 0 DAUGHTERS OF SARAH JEWISH FOUNDATION c 83450 Cash DAUGHTERS OF SARAH JEWISH FOUNDATION c 150000 Cash DAUGHTERS OF SARAH NURSING HOME COMPANY n 169305 Cash DAUGHTERS OF SARAH NURSING HOME COMPANY o 209486 Cash