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Nonprofiteer
← MONTEFIORE CERC OPERATIONS INC

Form 990 for tax year 2022

Filed by MONTEFIORE CERC OPERATIONS INC.

Totals

Total revenue
$4,425,932
Total expenses
$5,784,819
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,208,128
Investment income
$217,758
Other revenue
$46
Total assets, end of year
$11,514,045
Total liabilities, end of year
$1,736,312
Net assets or fund balances, end of year
$9,777,733
Program services expenses (Part IX)
$5,781,023
Management and general expenses
$3,796
Fundraising expenses
$0
Program service expenses (Part III)
$5,781,023

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: AMBULATORY PATIENT SERVICES

    total $4,208,128 · related or exempt $4,208,128 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $215,528 · related or exempt $0 · unrelated business $0 · excluded $215,528

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $2,230

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $2,230

  • 7d · Net gain or loss

    total $2,230 · related or exempt $0 · unrelated business $0 · excluded $2,230

  • 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

  • 11a · Other revenue: OTHER MISCELLANEOUS REVENUE

    total $46 · related or exempt $0 · unrelated business $0 · excluded $46

  • 11e · Other revenue, total

    $46

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 $3,369,425 · program services $3,369,425 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,112,101 · program services $1,112,101 · management and general $0 · fundraising $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 $83,288 · program services $80,242 · management and general $3,046 · fundraising $0

  • 14 · Information technology

    total $25,262 · program services $25,262 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,034,669 · program services $1,034,669 · management and general $0 · fundraising $0

  • 17 · Travel

    total $3,372 · program services $3,372 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,647 · program services $7,647 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: INTERCOMPANY SHARED SERVICES

    total $75,896 · program services $75,896 · management and general $0 · fundraising $0

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $57,976 · program services $57,976 · management and general $0 · fundraising $0

  • 24c · Other expenses: PATIENT TRANSPORTATION

    total $13,668 · program services $13,668 · management and general $0 · fundraising $0

  • 24d · Other expenses: FILING FEES

    total $750 · program services $0 · management and general $750 · fundraising $0

  • 24e · All other expenses

    total $765 · program services $765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,649,689 · end of year $88,216

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,013,670 · end of year $1,256,834

  • 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

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,285,623 · end of year $10,168,995

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,364 · end of year $172,101

  • 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 $3,315,612 · end of year $1,564,211

  • 27 · Net assets without donor restrictions

    beginning of year $2,446,761 · end of year $953,562

  • 28 · Net assets with donor restrictions

    beginning of year $11,024,245 · end of year $8,824,171

Mission and programs · 2022

Mission

TO IMPROVE THE QUALITY OF LIFE OF PERSONS WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES AS PART OF THE MONTEFIORE'S MISSION TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

To improve the quality of life of persons with developmental disabilities and their families.

  • Montefiore CERC Operations, Inc., an affiliate of the Montefiore Health System, is an interdisciplinary service program for children and adults with intellectual and developmental disabilities including autism, cerebral palsy, neuromuscular disorders, behavioral problems and cognitive and learning problems and a premier ambulatory center providing services across the lifespan to all families in need. The Center is staffed by highly trained and competent specialists who coordinate comprehensive care through both interdisciplinary and specialized programs. Across our spectrum of clinical services we take a trauma-informed approach to integrated care, including behavioral, mental and dental health. Using multidisciplinary teams to evaluate and treat the individual and support the family, we have become a model program. Our exemplary programs include evaluation and diagnostic services, dental care and rehabilitative services offered by physical therapists, occupational therapists and speech therapists. It is also part of our mission to build the capacity of people with developmental disabilities to live full lives and effect system changes. We improve health not only through holistic care, but also by addressing social determinants of health via community outreach and advocacy.

    Expenses $5,781,023 · Revenue $4,208,128

As filed on the 2022 return.

Listed in Part VII

  • Philip O Ozuah MD PhD

    President

    Total calculated
    $9,906,213
    From this org
    $0
    From related orgs
    $9,856,588
    Other
    $49,625
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $4,478,627 related
    Bonus
    $0 + $4,715,500 related
    Other
    $0 + $662,461 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $32,625 related
    Filer's total
    $0 + $9,906,213 related

  • Christopher S Panczner

    Secretary

    Total calculated
    $1,898,457
    From this org
    $0
    From related orgs
    $1,857,333
    Other
    $41,124
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $954,591 related
    Bonus
    $0 + $310,000 related
    Other
    $0 + $592,742 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $24,124 related
    Filer's total
    $0 + $1,898,457 related

  • Lisa Shulman MD

    Interim Chief, Dir of Dev Med

    Total calculated
    $304,507
    From this org
    $190,456
    From related orgs
    $63,486
    Other
    $50,565
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $157,916 + $52,639 related
    Bonus
    $31,500 + $10,500 related
    Other
    $1,040 + $347 related
    Deferred
    $12,750 + $4,250 related
    Nontaxable benefits
    $25,174 + $8,391 related
    Filer's total
    $228,380 + $76,127 related

  • Elisa Muniz MD

    Director-Dev. Behavioral Peds.

    Total calculated
    $233,912
    From this org
    $134,862
    From related orgs
    $44,954
    Other
    $54,096
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $129,087 + $43,029 related
    Bonus
    $5,775 + $1,925 related
    Other
    $0
    Deferred
    $12,750 + $4,250 related
    Nontaxable benefits
    $27,822 + $9,274 related
    Filer's total
    $175,434 + $58,478 related

  • Oscar Purugganan MD

    Pediatrician

    Total calculated
    $229,552
    From this org
    $150,579
    From related orgs
    $50,193
    Other
    $28,780
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $146,398 + $48,799 related
    Bonus
    $3,600 + $1,200 related
    Other
    $581 + $194 related
    Deferred
    $12,750 + $4,250 related
    Nontaxable benefits
    $8,835 + $2,945 related
    Filer's total
    $172,164 + $57,388 related

  • Anne Murphy PhD

    Clinical Director

    Total calculated
    $223,942
    From this org
    $154,357
    From related orgs
    $51,452
    Other
    $18,133
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $134,460 + $44,820 related
    Bonus
    $19,125 + $6,375 related
    Other
    $772 + $257 related
    Deferred
    $12,750 + $4,250 related
    Nontaxable benefits
    $850 + $283 related
    Filer's total
    $167,957 + $55,985 related

  • Yun-Kuang Lai MD

    Pediatric Specialist

    Total calculated
    $196,538
    From this org
    $133,132
    From related orgs
    $44,377
    Other
    $19,029
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $126,097 + $42,032 related
    Bonus
    $6,938 + $2,313 related
    Other
    $97 + $32 related
    Deferred
    $12,750 + $4,250 related
    Nontaxable benefits
    $1,522 + $507 related
    Filer's total
    $147,404 + $49,134 related

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4B & Part II, Columns (B)(I), (II) and (III)
As it relates to Compensation from Montefiore Medicine Academic Health System, Inc. for the two officers: The Compensation Committee reviews and approves all forms of compensation and benefits provided to each executive with the assistance of a national independent compensation consulting firm. The consulting firm assists the Compensation Committee with its decision-making process to ensure executive compensation levels are reasonable and appropriate relative to those of other similar organizations. Base salaries in Column B(i) are determined based on competitive market practices for comparable positions with similar size organizations and scope of responsibilities. Bonus and incentive compensation in Column B(ii) is based on the achievement of performance goals. The executives' compensation program has a significant pay-at-risk component to ensure the alignment of pay and organizational performance. Goals are set in advance in areas such as quality of care, patient satisfaction, community services and financial performance. Compensation is at risk if the goals established by the Compensation Committee are not met. In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of the Board of Trustees expressly reviewed and approved these retirement benefit arrangements for senior executives in a manner that qualified under the intermediate sanctions rules of the Federal tax law, and in recognition of (a) the executives' years of service to the organization and (b) the significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the Montefiore Health System. Pooled Supplemental Executive Retirement Plan Distributions as paid by a related organization: Philip O. Ozuah, M.D., PH.D. - $632,224; Christopher Panczner - $558,708.
Part 1, Line 7
The bonuses paid to the five highest compensated employees were discretionary payments determined by management.

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.

  • University Behavioral Associates Inc

    C Corp · Mgmt Services · NY · controlled entity

    Directly controlled by NA

  • The Montefiore IPA Inc

    C Corp · Integ Provr Assoc · NY · controlled entity

    Directly controlled by NA

  • MMC GI Holdings East Inc

    C Corp · Holding Company · NY · controlled entity

    Directly controlled by NA

  • MMC GI Holding West Inc

    C Corp · Holding Company · NY · controlled entity

    Directly controlled by NA

  • Montefiore Behavioral Care IPA No 1 Inc

    C Corp · Integ Prov Assoc · NY · controlled entity

    Directly controlled by NA

  • Bronx Accountable Care Network IPA Inc

    C Corp · Integ Provr Assoc · NY · controlled entity

    Directly controlled by NA

  • Montefiore Consolidated Ventures Inc

    C Corp · Holding Company · NY · controlled entity

    Directly controlled by NA

  • Montefiore Insurance Company Inc

    C Corp · Inactive · NY · controlled entity

    Directly controlled by NA

  • Hudson Valley IPA Inc

    C Corp · INTEG PROVR Assoc · NY · controlled entity

    Directly controlled by NA

  • Montefiore Innovations Inc

    C Corp · Holding Company · NY · controlled entity

    Directly controlled by NA

  • Highland Medical PC

    C Corp · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • White Plains Medical Diagnostic Svcs PC

    C Corp · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • Cancer and Blood Medical Servs of NY PC

    C Corp · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • Davis Avenue Corp

    C Corp · Property holding · NY · controlled entity

    Directly controlled by NA

  • White Plains Management Co Inc

    C Corp · Property Holding · NY · controlled entity

    Directly controlled by NA

  • WPHC Building Corp

    C Corp · Property holding · NY · controlled entity

    Directly controlled by NA

  • White Plains Medical Services PC

    C Corp · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • White Plains Physician Services PC

    C Corp · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • Charitable Remainder Trust (4)

    Trust · Charit Remr Trust · NY · controlled entity

    Directly controlled by NA

  • CRHT ACQUISITION INC

    C CORP · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • QUANTUM BIOTHERAPEUTICS LLC

    C CORP · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS PHYSICIAN MEDICAL SERV PC

    C CORP · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • EAST POST ROAD MEDICAL SERVICES PC

    C CORP · Healthcare Serv. · NY · controlled entity

    Directly controlled by NA

  • DAVIS AVENUE MEDICAL SERVICES PC

    C CORP · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • WPH HOLDINGS INC

    C CORP · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • EAST POST ROAD PHYSICIAN SERVICES PC

    C CORP · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • INNOVATOR ACQUISITION CORP

    C Corp · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • PY DEVELOPMENT CORP

    REIT · REIT · NY · controlled entity

    Directly controlled by NA

  • SPECIALTY SURGEONS OF CONNECTICUT PC

    C CORP · Healthcare serv. · CT · controlled entity

    Directly controlled by NA

  • CMO THE CARE MANAGEMENT COMPANY LLC

    C CORP · CARE MANAGEMENT · NY · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343119349301914

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