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← NYEEI HOUSING COMPANY INC

Form 990 for tax year 2022

Filed by NYEEI HOUSING COMPANY INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$506,044
Total liabilities, end of year
$130,054
Net assets or fund balances, end of year
$375,990
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,821 · end of year $5,657

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $7,005,172

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,543,172

  • 10c · Land, buildings and equipment, net

    beginning of year $462,000 · end of year $462,000

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $38,387 · end of year $38,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,094 · end of year $20,094

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $155,124 · end of year $109,960

  • 27 · Net assets without donor restrictions

    beginning of year $375,990 · end of year $375,990

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

NYEEI HOUSING COMPANY, INC. ("CORPORATION") WAS INCORPORATED ON NOVEMBER 6, 1997 UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK AS A TITLE HOLDING AFFILIATE OF ITS SOLE MEMBER, THE NEW YORK EYE AND EAR INFIRMARY. THE INFIRMARY IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. TO EFFECT ITS CHARITABLE PURPOSE OF SUPPORTING THE INFIRMARY, THE CORPORATION HOLDS TITLE TO CERTAIN REAL ESTATE PROPERTY USED TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR THE INFIRMARY'S STAFF, COLLECTS ANY AND ALL INCOME THEREFROM AND REMITS THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE INFIRMARY. THE CORPORATION CEASED OPERATIONS IN 2017.

Activities or mission (Part I)

NYEEI HOUSING COMPANY, INC. HOLDS TITLE TO REAL ESTATE USED TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR STAFF MEMBERS AND EMPLOYEES OF THE NEW YORK EYE AND EAR INFIRMARY.

  • PROVIDE HOUSING FOR NEW YORK EYE & EAR INFIRMARY STAFF

As filed on the 2022 return.

Listed in Part VII

  • Margaret Pastuszko 1

    PRESIDENT & CHAIRMAN (4/2022)

    Total calculated
    $2,636,020
    From this org
    $0
    From related orgs
    $2,571,508
    Other
    $64,512
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,000 related
    Bonus
    $0 + $571,462 related
    Other
    $0 + $250,046 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $34,012 related
    Filer's total
    $0 + $2,636,020 related

  • Stephen Harvey 1

    TREASURER (START 4/22)

    Total calculated
    $2,190,678
    From this org
    $0
    From related orgs
    $2,113,585
    Other
    $77,093
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $473,497 related
    Other
    $0 + $440,088 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $46,593 related
    Filer's total
    $0 + $2,190,678 related

  • Jeffery Silberstein 1

    OFFICER (START 4/22)

    Total calculated
    $1,550,098
    From this org
    $0
    From related orgs
    $1,517,991
    Other
    $32,107
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,032,000 related
    Bonus
    $0 + $326,550 related
    Other
    $0 + $159,441 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $1,607 related
    Filer's total
    $0 + $1,550,098 related

  • Christopher Considine 1

    SECRETARY (START 4/22)

    Total calculated
    $597,996
    From this org
    $0
    From related orgs
    $541,863
    Other
    $56,133
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,000 related
    Bonus
    $0 + $53,181 related
    Other
    $0 + $13,682 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $31,733 related
    Filer's total
    $0 + $597,996 related

  • John M Gillen

    PRESIDENT (END 4/2022)

    Total calculated
    $0
    Hours/week
    0

  • William Miller

    TREASURER (END 4/2022)

    Total calculated
    $0
    Hours/week
    0

  • Dottie Payson

    SECRETARY (END 4/2022)

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VII, SECTION A & SCHEDULE J
COMPENSATION FOOTNOTES (1) Compensation and benefits are funded from The Mount Sinai Hospital, Icahn School of Medicine at Mount Sinai, Beth Israel Medical Center, St. Luke's-Roosevelt Hospital Center and/or New York Eye and Ear Infirmary. OTHER REPORTABLE COMPENSATION FOR OFFICERS AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES. SCHEDULE J, PART I, LINES 6A & 6B THE Mount Sinai HOSPITAL, A RELATED ORGANIZATION, ANSWERED YES TO QUESTIONS 6A AND 6B IN SCHEDULE J AS THE INSTITUTION UTILIZES AN INCENTIVE BASED BONUS PROGRAM FOR CERTAIN EMPLOYEES, INCLUDING SEVERAL OF THOSE EMPLOYEES LISTED IN SCHEDULE J. NET EARNINGS IS ONE OF SEVERAL METRICS UTILIZED BY THE INSTITUTION IN THE ANNUAL BONUS CALCULATION. OTHER METRICS UTILIZED IN THE INCENTIVE COMPENSATION MODEL INCLUDE THE ORGANIZATION'S PERFORMANCE ON THE JCAHO HOSPITAL CORE MEASURES, PATIENT SATISFACTION SCORES, AND OTHER ORGANIZATIONAL GOALS SUCH AS LENGTH OF STAY INITIATIVES. INDIVIDUALS THAT HAVE RESPONSIBILITIES IN RELATED ORGANIZATIONS TO THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MANHATTAN MANAGEMENT SERVICES

    c · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR MANAGEMENT SERVICES

    c · MGMT SERVICES · NY

    Directly controlled by SLR

  • Mount Sinai HC Ventures Inc

    c · HEALTH CARE MGMT · NY

    Directly controlled by BIMC HOLDCO

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303129349303340

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