2012-12-06T07:45:45-06:00 2011-12-31 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2011-01-01 113097213 Bishop Mugavero Center for Geriatric Care % STEVEN KORF CFO BISH 2123564000 450 WEST 33RD STREET NEW YORK NY 10001 STEVEN KORF 2012-11-14 true MICHAEL A SERLUCO CPA 7328423113 2011 2016-02-24 21:20:13Z X STEVEN KORF 450 WEST 33RD STREET NEW YORK NY 10001 35720328 false X www.svcmcny.org X 1995 NY BISHOP MUGAVERO FOR GERIATRIC CARE, INC. IS A 288 BED FACILITY THAT PROVIDES SKILLED NURSING AND REHABILITATION SERVICES TO PATIENTS. ON MARCH 18, 2011 THE FACILITY SOLD THE MAJORITY OF ITS ASSETS. X 6 6 390 12 0 5710 0 25625182 5591358 29397 29725168 34907 1549 25695196 35318075 0 0 0 0 18535045 4515607 0 0 0 10774649 2734176 29309694 7249783 -3614498 28068292 35255022 31845438 33404321 1926445 1850701 29918993 X THE ORGANIZATION'S MISSION IS TO BE COMMITTED TO REFLECTING GOD'S LOVE BY ADVANCING CHRIST'S HEALING MINISTRY WITH RESPECT, INTEGRITY, COMPASSION AND EXCELLENCE TO ALL WHO COME TO US IN NEED, ESPECIALLY THE POOR. false true 6244688 5591358 288 BED SKILLED NURSING HOME FACILITY OFFERING EACH RESIDENT AN ARRAY OF SERVICES INCLUDING ON SITE DENTAL, RADIOLOGY, REHABILIATION, THERAPY, SOCIAL SERVICES, PASTORAL CARE AND AN ON SITE BEAUTY PARLOR. SUBACUTE SERVICES INCLUDE WOUND CARE, IV THERAPY, AND ACTIVITY PROGRAMS. ALL RESIDENTS ARE OVERSEEN BY AN INTERDISCIPLINARY TEAM TO ENSURE THE HIGHEST QUALITY OF CARE. 6244688 true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false true false true false false false false true 15 0 true 390 true false false false false false false false false false false false false X 6 6 false true false false true false false true false false false true true true true true true true false NY X STEVEN KORF CFO 2123564000 45O WEST 33RD STREET NEW YORK NY 10001 JACK A DESANTIS JR 1.0 X 0 0 0 MARGARET O'BRIEN SC 1.0 X 0 0 0 MARY ANN DALY SC 1.0 X 0 0 0 KEVIN SHEA 1.0 X 0 0 0 REV JOSEPH M SULLIVAN 1.0 X 0 0 0 CARLO DEREGE 1.0 X 0 0 0 LUCILLE BUDDENSICK 13.0 X 0 4712 1108 RICHARD MATO 13.0 X 0 214500 266 JOHN YADLON 35.0 X 112000 0 0 112000 219212 1374 1 false true false SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 307251 1 0 NET RESIDENT SERVICE REVENUE 623000 5591358 5591358 5591358 12421 12421 0 0 30115000 402253 29712747 29712747 29712747 0 0 0 MISCELLANEOUS REVENUE 900099 1549 1549 1549 35318075 5591358 29726717 0 0 0 0 0 0 2914495 2381720 532775 0 1366282 1259727 106555 234830 194073 40757 0 0 0 0 0 0 1020897 867762 153135 0 0 0 0 57921 49233 8688 0 0 0 223031 189576 33455 0 168148 142926 25222 112046 95239 16807 DIETARY FOOD SUPPLIES 307251 307251 PROVISION FOR BAD DEBT 176529 176529 DRUGS & PHARMACY 83682 83682 OTHER EXPENSES 584671 496970 87701 7249783 6244688 1005095 0 4719310 1033042 12649763 0 0 0 3993490 0 0 0 0 0 0 0 0 0 177455 0 8698943 0 0 0 0 0 0 0 0 5016061 30812396 35255022 31845438 1243917 1926445 0 0 0 0 0 0 0 0 0 0 19260180 0 0 0 12900224 0 33404321 1926445 X 1850701 29918993 0 0 0 0 1850701 29918993 35255022 31845438 28068292 X false false false X 677 100000 10173 5710 116560 27184527 27900202 27168499 25695196 5591358 113539782 27185204 28000202 27178672 25700906 5591358 113656342 113656342 169551 103811 45630 29397 12421 360810 169551 103811 45630 29397 12421 360810 231280 2650 81811 34907 1549 352197 27586035 28106663 27306113 25765210 5605328 114369349 0.99377 0.99331 0.00315 0.00351 X THE AMOUNT ON LINE 12 FOR 2007, 2008, 2009 AND 2011 IS FROM MISCELLENOUS REVENUE. DUE FROM AFFILIATES 30812396 30812396 X X X X false false false false false false false false false RICHARD MATO 0 214500 0 0 0 0 0 0 0 266 0 214766 0 0 FIXED ASSETS & LICENSES 2011-03-18 30115000 ASSET PURCHASE AGREEMENT 273531996 KFG LAND I LLC 109-40 SAULTELL AVENUE REGO PARK NY 11368 LLC false false false false PART II SCHEDULE N IN CONNECTION WITH THE SALE OF THE CENTER, THE MORTGAGE PAYABLE WAS PAID OFF THROUGH DEFEASANCE. THE FUNDS IN THE DEPRECIATION RESERVE AT MARCH 24, 2011 WERE USED TOWARDS THE FULL SATISFACTION OF THE OUTSTANDING DEBT. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C SAINT VINCENTS CATHOLIC MEDICAL CENTERS (SVCMC) AND ITS AFFILIATED ORGANIZATIONS, INCLUDING BISHOP MUGAVERO CENTER FOR GERIATRIC CARE, HAVE THE FOLLOWING PROCESS IN PLACE FOR MONITORING CONFLICTS OF INTEREST INVOLVING APPLICABLE EMPLOYEES, MANAGEMENT, MEDICAL STAFF MEMBERS, AND/OR MEMBERS OF THE BOARD OF DIRECTORS. ALL EMPLOYEES AND MEDICAL STAFF MEMBERS WHO ARE CONSIDERED TO BE "KEY EMPLOYEES" BECAUSE OF THEIR ABILITY TO INFLUENCE SUBSTANTIVE BUSINESS DECISIONS (E.G., PURCHASES, CONTRACTS, LEASES, ETC.), AND MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM THAT IS REVIEWED BY THE COMPLIANCE OFFICER. IF THERE ARE ANY POTENTIAL CONFLICTS IDENTIFIED BY KEY EMPLOYEES, THE BOARD OF DIRECTORS IS INFORMED. FOR BOARD MEMBERS, A SUMMARY OF ALL COMPLETED CONFLICT OF INTEREST INFORMATION IS COMPILED AND CIRCULATED TO ALL BOARD MEMBERS FOR THEIR REVIEW. ONCE ALL POTENTIAL CONFLICT INFORMATION IS GATHERED, THE BOARD OF DIRECTORS, IN CONJUNCTION WITH THE COMPLIANCE OFFICER AND AUDIT/COMPLIANCE COMMITTEE OF SVCMC, SHALL MAKE A DETERMINATION WHETHER ACTUAL CONFLICTS EXIST. WHEN THE CONFLICT IS IDENTIFIED, CORRECTIVE ACTION SHALL BE TAKEN BASED ON THE TYPE AND EXTENT OF CONFLICT. IN ALL SITUATIONS, THE RELEVANT INDIVIDUAL SHALL BE REMOVED OR RECUSED FROM ANY DECISION MAKING RELATED TO THE POTENTIAL CONFLICT. ALL KEY EMPLOYEES AND MEMBERS ARE FURTHER INSTRUCTED TO DISCLOSE THROUGHOUT THE YEAR IF ANY NEW OR PREVIOUSLY UNIDENTIFIED CONFLICTS ARISE. AT THAT TIME, A REVISED DISCLOSURE FORM MUST BE COMPLETED AND SENT TO THE SVCMC COMPLIANCE OFFICER FOR REVIEW, AND CORRECTIVE ACTION IS TAKEN IN ACCORDANCE WITH THE PROCESS DESCRIBED PREVIOUSLY. A SUMMARY OF ALL COMPLETED CONFLICT OF INTEREST INFORMATION IS COMPILED. THIS SUMMARY IS THEN CIRCULATED TO ALL BOARD MEMBERS FOR THEIR REVIEW. COMPENSATION PROCESS FORM 990, PART VI, LINCE 15A THE SVCMC BOARD'S COMPENSATION COMMITTEE HAS JURISDICTION OVER EXECUTIVE COMPENSATION. AT THEIR DIRECTION, THE ORGANIZATION HAS RETAINED AND UTILIZED THE SERVICES OF A NUMBER OF THIRD PARTY COMPENSATION CONSULTANTS TO ESTABLISH MARKET NORMS, AND TO PERIODICALLY CONDUCT INTERMEDIATE SANCTIONS REVIEWS TO ESTABLISH THE REASONABLENESS OF COMPENSATION. THIS REVIEW COVERS THE CEO, COO, CFO, SVP/CHIEF ADMINISTRATIVE OFFICER, SVP FOR BEHAVIORAL HEALTH, SVP FOR CONTINUING CARE, SVP FOR DEVELOPMENT, SVP/INFORMATION OFFICER, VP FOR SUPPLY CHAIN MANAGEMENT, AND VP OF FINANCE IN BOTH BEHAVIORAL HEALTH AND CONTINUING CARE, CHIEF COMPLIANCE OFFICER, SVP FOR HUMAN RESOURCES AND CHIEF NURSING OFFICER. EACH TIME A NEW VICE PRESIDENT, SENIOR VICE PRESIDENT, OR CHIEF EXECUTIVE OFFICER IS HIRED, OUR CONSULTANTS ADVISE US AS TO MARKET. THE COMPENSATION COMMITTEE REQUIRES US TO SEEK THEIR AUTHORIZATION IF WE WISH TO APPOINT A NEW EXECUTIVE ABOVE THE 75TH PERCENTILE. THIS SAME PROCESS OCCURS WHEN AN INCUMBENT EXECUTIVE IS TO RECEIVE A SALARY ADJUSTMENT. IT SHOULD BE EMPHASIZED THAT OUR OUTSIDE CONSULTANTS RELY ON, OR OTHERWISE DEVELOP, RELEVANT EXTERNAL DATA FOR NEW YORK CITY NOT-FOR-PROFIT HEALTH CARE ORGANIZATIONS. THIS DATA IS ADJUSTED FOR SIZE AND SCOPE OF RESPONSIBILITY. GOVERNING DOCUMENTS FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI, LINE 11B THE RETURN WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AS WELL AS BY THE MANAGEMENT OF SAINT VINCENTS CATHOLIC MEDICAL CENTER, THE SOLE CORPORATE MEMBER OF THE BISHOP MUGAVERO CENTER FOR GERIATRIC CARE. FORM 990, PART VI, SECTION A, LINE 3 BISHOP MUGAVERO CENTER FOR GERIATRIC CARE OBTAINS CERTAIN MANAGEMENT AND OTHER SUPPORT SERVICES FROM ITS SOLE CORPORATE MEMBER, SAINT VINCENTS CATHOLIC MEDICAL CENTER. PART VI, SECTION A, LINE 6 SAINT VINCENTS CATHOLIC MEDICAL CENTER IS THE SOLE CORPORATE MEMBER OF BISHOP MUGAVERO CENTER FOR GERIATRIC CARE. FORM 990, PART III, LINE 3 ON APRIL 14, 2010, SAINT VINCENTS CATHOLIC MEDICAL CENTER AND SUBSTANTIALLY ALL OF ITS SUBSIDIARIES, INCLUDING BISHOP MUGAVERO CENTER FOR GERIATRIC CARE, FILED VOLUNTARY PETITIONS SEEKING BANKRUPTCY PROTECTION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE. THE FACILITY CONTINUES TO OPERATE ITS BUSINESS AS DEBTOR-IN-POSSESSION UNDER THE JURISDICTION OF THE BANKRUPTCY COURT. IN GENERAL, DEBTORS-IN-POSSESSION ARE AUTHORIZED UNDER CHAPTER 11 TO CONTINUE TO OPERATE AS AN ONGOING BUSINESS, BUT MAY NOT ENGAGE IN TRANSACTIONS OUTSIDE THE ORDINARY COURSE OF BUSINESS WITHOUT THE PRIOR APPROVAL OF THE BANKRUPTCY COURT. ON MARCH 18, 2011, THE FACILITY SOLD THE MAJORITY OF ITS FIXED ASSETS AND ITS MEDICAID AND MEDICARE LICENSES TO A PRIVATE CONCERN WHO CONTINUES TO PROVIDE SKILLED NURSING AND REHABILITATION SERVICES TO PATIENTS. 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