2011-07-18T11:44:18-07:00 2010-12-31 990 2010-01-01 141805236 DAUGHTERS OF SARAH HOUSING COMPANY INC DAUG 5186890454 182 Washington Avenue Extension Albany NY 12203 Courtney Mulson 5187243240 2011-05-18 2010 2016-03-07 17:11:31Z The Massry Residence Daughters of Sarah Housing Company 182 Washington Avenue Extension Albany NY 12203 3506239 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 OF THOSE IT SERVES, ASSURING INDEPENDENCE AND DIGNITY THROUGH A VARIETY OF RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER QUALITY SERVICES, CONSISTENT WITH JEWISH TRADITION. 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 99 17 0 0 140865 155047 3138500 3329568 20357 21624 0 0 3299722 3506239 0 0 0 0 1463448 1573232 0 0 0 1581051 1434442 3044499 3007674 255223 498565 10866955 11594409 7471309 7446543 3395646 4147866 THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE OF THOSE IT SERVES, ASSURING INDEPENDENCE AND DIGNITY THROUGH A VARIETY OF RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER QUALITY SERVICES, CONSISTENT WITH JEWISH TRADITION. 0 0 2750784 0 3427139 See Schedule o Statement 2 0 0 0 2750784 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 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 0 0 0 0 1 21 0 1 99 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 COURTNEY MULSON 5187243240 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 X SUE SWARTZ 2 X X 0 0 0 DON DAVIDOFF 1 X 0 0 0 MALKA EVAN 1 X 0 0 0 SUSAN FARBER 1 X 0 0 0 MARVIN GARFINKEL 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 JERRY MIROCHNIK 1 X 0 0 0 JOAN HEALEY 10 X 0 164743 32886 COURTNEY MULSON 6 X 0 114917 23294 MARK KOBLENZ 6 X 0 247437 29855 0 527097 86035 0 0 1 1 MORRISON MANAGEMENT PO BOX 102289 ATLANTA GA 30368 FOOD SERVICE 207377 207377 10000 0 0 97571 47476 0 0 155047 RESIDENT SERVICE REVENUE 623000 3329568 3329568 0 0 0 0 0 0 3329568 21624 21624 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3506239 3351192 0 0 105208 105208 1289683 1166535 123148 14553 12225 2328 87767 73724 14043 76021 63858 12163 5317 5317 19200 19200 20959 20959 8991 8991 192814 192814 1605 1605 298437 298437 232719 232719 27456 27456 ALL OTHER EXPENSES 626944 626944 0 0 3007674 2750784 256890 0 879706 1254529 17907 37357 60572 53740 9153509 2559908 6691964 6593601 677616 954046 2539190 2701136 10866955 11594409 242546 290467 0 0 0 0 0 6460000 6300000 768763 856076 7471309 7446543 X 1223416 1634668 10000 215000 2162230 2298198 3395646 4147866 10866955 11594409 X 498565 253655 X 0 1 1 X 0 X 17332 8490 68380 8000 10000 112202 3001110 3071652 3130842 3271365 3427139 15902108 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3018442 3080142 3199222 3279365 3437139 16014310 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16014310 13991 16095 25458 20357 21627 97528 0 0 0 0 0 0 13991 16095 25458 20357 21627 97528 0 0 0 0 0 0 0 0 0 0 0 0 3032433 3096237 3224680 3299722 3458766 16111838 0.99395 0.99467 0.00605 0.00533 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 375000 375000 0 7811982 1664159 6147823 0 0 0 0 0 0 0 0 0 966527 895749 70778 6593601 DEFERRED FINANCING CHARGES 360081 INTEREST IN SUBSIDIARY 2298198 DUE FROM DAUGHTERS OF SARAH JEWISH FOUNDATION 42857 2701136 INTEREST RATE SWAP 856076 856076 3506239 3007674 498565 -87313 0 0 0 0 -87313 411252 3506239 0 0 0 0 0 3506239 0 0 0 3506239 3094987 0 0 0 0 0 3094987 0 -87313 -87313 3007674 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Change in fair value of interest rate swap X X X X X 0 0 0 0 0 0 0 0 0 JOAN HEALEY 0 164743 0 0 0 0 0 0 0 32886 0 197629 0 0 MARK KOBLENZ 0 247437 0 0 0 0 0 0 0 29885 0 277322 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a THE ORGANIZATION'S BOARD OF DIRECTORS (ITS GOVERNING BODY) HAS DELEGATED REVIEW OF THE FORM 990 TO IT'S 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 ONFLICTS 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 2008. 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 PRESIDENT. 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_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a HOURS PER WEEK AT RELATED ORGANIZATIONS - MARK KOBLENZ, CEO, DEVOTES 19 HOURS PER WEEK TO DAUGHTERS OF SARAH NURSING HOME COMPANY AND 13 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 HOME COMPANY, A RELATED ORGANIZATION. COURTNEY MULSON, CFO, DEVOTES 21 HOURS PER WEEK TO DAUGHTERS OF SARAH NURSING HOME COMPANY AND 3 HOURS PER WEEK TO DAUGHTERS OF SARAH JEWISH FOUNDATION, BOTH RELATED ORGANIZATIONS. THE DAUGHTERS OF SARAH NURSING HOME FILES ALL EMPLOYEMENT TAX FORMS WITH RESPECT TO THESE INDIVIDUALS. THE SALARY COST ASSOCATED WITH THE HOURS ALLOCATED TO THE HOUSING COMPANY IS AS FOLLOWS: MARK KOBLENZ - $36,039, JOAN HEALEY - $43,958, AND COURTNEY MULSON - $25,211. F990_P11_S00_L05 Form 990, Part XI, Line 5 Restricted Contribution - United Jewish Federation 55,000 Restricted Contribution - Daughters of Sarah Jewish Foundation 150,000 Change in fair value of interest rate swap -87,313 Change in interest in net assets of Daughters of Sarah Jewish Foundation 135,968 DAUGHTERS OF SARAH NURSING HOME COMPANY 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 237120570 NURSING CARE NY 501(C)(3) 9 N/A DAUGHTERS OF SARAH JEWISH FOUNDATION 180 WASHINGTON AVENUE EXTENSION ALBANY NY 12203 141344803 FUNDRAISING NY 501(C)(3) 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 DAUGHTERS OF SARAH JEWISH FOUNDATION c 97571 DAUGHTERS OF SARAH JEWISH FOUNDATION c 150000 DAUGHTERS OF SARAH NURSING HOME COMPANY n 165255 DAUGHTERS OF SARAH NURSING HOME COMPANY o 197308